Economic Thoughts From Tom Luongo and Sean Foo 6-29-2023
Fed will hike to 6%, 'nuclear' bank implosions coming as Powell focuses on real mission - Tom Luongo
Kitco News: 6-28-2023
The Fed will hike to 6% this year, says Tom Luongo, Publisher of Gold, Goats 'N Guns. Speaking with Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, Luongo explains that Powell's real mission is not to just reduce inflation, but rather to rein in 'The Gr3at Reset,' and repatriate the U.S. dollar.
He explains the implications of his thesis for gold, silver, and other commodities.
0:00 - Fed policy
7:47 - Real estate and banking
14:27 - Powell is fighting Davos
31:16 - Banking system collapse
33:45 - Investment implications
35:06 - Gold price
36:38 - Political implications
Central Banks Will Unleash Hell - Rate Hike Nightmare Isn't Over
Sean Foo: 6-29-2023
Central banks have flashed a warning signal, more rate hikes are coming in July, which will put extreme pressure on a fragile economy.
The inflation crisis isn't over and rising rates are about to trigger the commercial real estate time bomb that could collapse the banks further. Here's why you must know!
Timestamps & Chapters:
0:00 A Global Rate Hike Coming!
1:59 The Fed's Inflation Crisis
5:00 US Banking Collapse Risk
8:09 Massive Liquidity Crisis
11:10 Will The Markets Crash?
13:32 Prepare For Chaos