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Is The Fed Destroying The Economy? Professor Steve Hanke Explains Why It Will Collapse
Is the U.S. economy set to face an imminent collapse? Learn why Professor Steve Hanke predicts why the economy is hearing for a crisis and how the Fed could spark the next recession. In this episode of ‘Speak Up’, Anthony Scaramucci speaks with Professor Steve Hanke, a leading expert in applied economics and co-director at Johns Hopkins University. Prof. Hanke explains the alarming contraction of the money supply, its historic implication and why he thinks the U.S. economy is heading for a crisis. Discover how current fiscal policies might lead us to the brink of a recession and what you can do to protect and grow your wealth in these turbulent times. From the impact of quantitative tightening to the long-term outlook on inflation, Hanke provides actionable advice and forecasts you can't afford to miss. TIMESTAMPS: 0:00 - Introduction 1:45 - Money Supply Contraction and Economic Impact 4:36 - Prof. Hanke’s Monetary Policy Recommendations 6:32 - Unsustainable Fiscal Policy and Deficit Concerns 10:07 - Risks of Current Deficit Spending 11:52 - Inflation Causes and the Role of the Fed 13:25 - Potential Dollar Crisis Scenario 15:07 - Fiscal Policy Solutions and Constitutional Changes 16:35 - Stock Market Analysis and Buffett’s Rule 22:03 - Petro-Dollar Agreement and Dollar’s Global Role 26:53 - Ineffectiveness of Sanctions 29:40 - Liquidity and Stock Market Outlook 30:46 - Earnings Forecasts and Recession Risks 32:34 - Impact of Interest Rate Cuts 34:27 - Detroit’s Competitiveness in Auto Industry 37:26 - Housing Market: Renovation vs. Buying 38:15 - Impact of Ethereum as a Security 39:26 - Closing Remarks
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Published on 1 year ago