Economic Thoughts From Sean Foo and John Rubino 6-17-2023
America Is Preparing For China’s $859 Billion Treasury Dump | De-Dollarization Nightmare
Sean Foo: 6-17-2023
As Janet Yellen admits de-dollarization will drive the dollar's decline, U.S. Congress is afraid of a massive treasury dump from China!
Why is Yellen being asked to prepare for this potential disaster? It's because the US economy is incredibly fragile at this point.
A treasury dump would almost guarantee a recession for the United States.
Here's what you must know!
Timestamps & Chapters:
0:00 America's Big Fear
2:06 China Has A Ton Of US Bonds
4:36 US Economy At Risk
7:26 Why The U.S. Is Afraid
10:13 China's Treasury Dump Disaster
13:44 The Real Danger
Bank Losses To Spook Depositors | John Rubino
Liberty and Finance: 6-17-2023
By the end of the year, we could be looking at a very different financial system, says John Rubino of https://rubino.substack.com.
He expects banks' balance sheets to concern depositors leading to even more bank runs. It's possible that by the end of the year, the Fed has rates near 0% and officials are scrambling to bail out the system.
INTERVIEW TIMELINE:
0:00 Intro
2:00 Housing market
11:58 Costal vs rural areas
19:00 Privacy
29:00 Banking system