INTERVIEW: Fed Insider Says “Money Printing” Will Lead To The Unthinkable
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Cameron Long
Cameron is a seasoned CFO and CPA with 31 years in finance. He created the AI Trader's Playbook to help everyday investors use AI to find high-confidence trades — in minutes, not hours.
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Well done guys. It feels like a classic crack up boom. I’m buying gold and silver 🥈🏅🏅🏅🏅🏅🏅🏅🥈🥈🥈
May? After these past couple decades, who in their right minds have any confidence of any level of government having any plans of supporting we the people?
That came straight at me…Very dorky comment. Who ever believed in the govt in the first place?
You both need to talk to more people. A large cohort of the populace thinks the government can solve problems and help them.
@@brawndothethirstmutilator9848 NPC’s
@@brawndothethirstmutilator9848 NPC’s
I lost confidence in the government in 1978.
when they took away the backing of the dollar with gold?
@@marchandfield4557 1862 Legal Tender Act
@marchandfield455 I thought that was around done in /71 or ’72? I guess I could look up 🤦♀️
You were late.
😂😂😂😂😂😂😂
I enjoy this, Wang is great at explaining things for the average person too.
The most surprising thing is hearing there are still people who have confidence in our government.
The world simply trusts that your government, which you may have not elected, will endeavor to honour its liabilities, by condemning you to slave labor or death, if necessary. It is relatively safe bet.
Not me. When the dollar fails, you can have full confidence each side will blame the other. The last 40 years have been about 50-50% GOP and dem Presidents. They are both fully to blame and the only fix is term limits.
@@FloydThePink that’s what you think because you didn’t grow up in a communist country. They give you a tiny glimpse with the covid lockdowns but that’s nothing. Slavery is coming. Your shot gun won’t help you, government has drones.
😂😂😂
@@FloydThePink Term limits is not the answer. It allows you to buy men. Nobility was what pulled Europe out the dark ages. The most stable progressive form of government is a King, and a Queen with free subjects. Ironically democracy and republics are regressive since they are based on an older form of governments that notably FAILED.
He is right about the US entering the “Crackupboom”. There is no way out with the financial position of the USA
I am a Boomer and I see a huge problem in this Country !
OK boomer.
It’s impossible not to see huge problems.
Blame your leaders
Blame your voters and vote riggers
Amazing!! 👏
Joseph is one of the best on Internet
It’s not “may” lose confidence, it’s already.
Banks will be forced into using the discount window at the Fed when banks start going bust. The trust will dry up among banks and they’ll be afraid of lending to each other.
The Federal Reserve keeping rates paused actually does more harm for the debt market than good. The current FED Funds Rate is around 5.35% and the yield curve is still inverted. At some point in time, the yield curve needs to uninvert…and keeping rates paused for longer will create massive volatility in the bond market, possibly too much for the Federal Reserve to control. At some point the ten year yield could hit the FED Funds Target in a 20 basis point move higher, but they might lose control, and it goes up 50 basis points more or 100 bps more, to where the house of cards collapse. If ten year yield slips out of control (let’s say) 100 bps, what it would do then is force the Federal Reserve to raise rates, forcing the FED Funds to chase the ten year yield…instead of the other way around. The last time this happened was in the late 1960’s, and it created a doom loop of higher inflation, higher FED Funds, and higher yields. This is why doing nothing is the worst case scenario. But raising rates with another 25 bps decision would give room for the FED to gradually control the situation to a FED Funds target of 5.6%, where yields uninvert and they immedietly start cutting rates after they achieve this. The narrative of cutting rates since October last year killed all chances of yields uninverting, because instead they went lower. Raising rates could create volatility but not as bad as remaining reactionary to the situation.
It must bother this guy so deeply that the yield curve is inverted and disregarding his thesis.
Brilliant conversation, Joseph is a fantastic guest.
It seems like he disagreed with some of your recent takes, but it seemed like it was because you’re more conservative.
I appreciate that you two disagreed respectfully.
This is such great and drama free information.
George by far is the best interviewer for Joseph Wang. Not even half way through, already insanely good direct questions.
The killer is that USTs, which as Jeff says are “pristine” collateral, the best of the best, and so on, are rated AA+, not AAA. It would appear there’s no such thing as AAA debt. That is surely a major sign we are at the end of a long term credit cycle.
My three favorite channels: George Gammon, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
For me it’s George, Heresy Financial and any show Rick Rule is on.
“Government run by the people.”
That is long gone!
That’s because people have contracted themselves right out of their God given rights. Asking for a driver’s license when we have the human right to travel, asking for a CCW when we have the human right to bear arms, divulging various documents and admitting to be liable to taxes that 98% of people are not liable to. Rather than taking ownership of the laws that mostly limit government representatives. Legal definitions matter big time, most people get in trouble talking slang to the state that communicates in legalese offerings.
Ppl start to halluciate when they have been in a boom market for way too long and earn too much money.
Hi George, huge fan of your work. The gentlemen you mentioned Dr. Manmohan Singh is the most celebrated economist and visionary of 21st century. He was Prime Minister of India till 2013 and served a Finance Minister during late 1990s. He single handedly saved Indian economy during turbulent times in late 90s. I am glad that you came across his work! Cheers!