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Economist’s “News and Views” Monday 9-23-2024

Last Time Fed Cut 50 bps Was The Start Of The Great Financial Crisis

Arcadia Economics:  9-23-2024

The markets are cheering that the Federal Reserve is once again back to lowering interests rates, and at a faster than expected pace.

 But the history of the beginning of new rate cutting cycles shows that all might not be so easily fixed. Especially when we look back to the last 50 basis point cut, which was delivered right as the Great Financial Crisis really began to accelerate.

So Vince Lanci looks through what's happened in the past, and compares that to the situation we face today. And to find out more, click to watch the video now!

https://www.youtube.com/watch?v=zBuBTaTpU4o

 U.S. Can ‘No Longer Afford Debt’, Only Way To Avoid Biggest Default In History | Luke Gromen

David Lin:  9-21-2024

Luke Gromen, Founder & President of Forest For The Trees, discusses the insurmountable amounts of debt the U.S. now faces, and what must be done to avoid a sovereign debt default.

0:00 - Intro

1:20 - Dollar crisis

5:53 - Sovereign debt crisis

9:35 - Rising U.S. debt

9:30 - Dollar outlook

13:30 - Fed funding deficits?

18:45 - Causes of inflation

25:00 - Tariffs

27:35 - Anti-price gouging

30:18 - Inflation/interest rate outlook

33:00 - Gold and Bitcoin

 42:00 - National security

45:00 - Recession signs

https://www.youtube.com/watch?v=Vx4p3X-ZpYs

Global War To DISTRACT From Currency Crisis - "I Hope I'm Wrong" | Matthew Piepenburg

Liberty and Finance:  9-21-2024

Matthew Piepenburg discusses the alarming state of the global financial system, arguing that it is caught in a cycle of excessive debt and centralization.

He highlights his forthcoming article titled "Global Snapshot: Stupid, Broken, and Evil," emphasizing that the current system is unsustainable, with war serving as a convenient distraction for politicians.

Piepenburg expresses concern over the Federal Reserve's recent emergency rate cut, suggesting it signifies a desperate attempt to manage an inevitable crisis rather than a sign of economic strength.

He points out that inflation is a persistent issue, exacerbated by poor fiscal policies and a political unwillingness to make necessary reforms.

 Finally, he notes a growing global trend away from reliance on the U.S. dollar as countries seek to protect their wealth through hard assets, indicating a significant shift in the financial landscape.

INTERVIEW TIMELINE:

 0:00 Intro

1:44 Fed rate cut

13:50 Economic reality

19:03 Holding hard assets

 34:13 War as a distraction

48:15 Von Greyerz

https://www.youtube.com/watch?v=hv1EYMl5uhk