Economist’s “News and Views” Wednesday 8-21-2024
Why Gold Price Ripping is Giving Us Big Clues About Financial System Crashing - Lyn Alden
Daniela Cambone: 8-20-2024
The global financial system is under strain, with currencies around the world failing or on the brink, warns Lyn Alden, founder of Lyn Alden Investment Strategy.
In this interview with Daniela Cambone, Alden explains why there is significant upside for gold in the next five to ten years—and why waiting for small dips could cost you big.
Alden discusses how the U.S. and Europe are sliding toward Japan-style stagnation but without the benefits of a current account surplus or social cohesion.
As public debt and fiscal deficits surge, Alden predicts a more inflationary future and shares insights on how to navigate these challenging times.
CHAPTERS:
00:00 Fed/Small Rate Cuts
4:21 Gold Price
6:39 U.S. Dollar
9:35 Gold Analysis
11:12 Silver Market
12:24 Wall Street's Interest in Gold
13:57 Carry Trade Impact
18:14 AI Bubble Burst
19:56 Financial System Breakdown
23:34 How to Better Prepare
25:00 CBDCs (Central Bank Digital Currencies)
26:30 U.S. Economy Outlook
28:41 Banking Sector Overview
31:22 U.S. Deficit Concerns
33:10 Lessons from Argentina
BREAKING: A Key Actor in Central Asia Applies to Join BRICS Following Meeting with Russia
Lena Petrova: 8-21-2024
‘Reset Of A Lifetime’; Markets Signal 'Global Deflationary Recession' | Mike McGlone
David Lin: 8-20-2024
0:00 - Intro
1:12 - Bitcoin leading markets
5:38 - Bitcoin vs. stocks
10:45 - 5% unemployment forecast
15:50 – Deflation
18:30 - Gold vs. stocks
24:45 - CPI vs. PPI
30:11 - Bond market outlook
33:30 - Reset of a lifetime