Banks Know a Crash Is Coming, Most Powerful Indicator Is Signaling U.S. Recession – George Gammon

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews George Gammon, an investor, macroeconomics expert, and host of The Rebel Capitalist Show. Gammon warns that the world’s most powerful economic indicator is signaling a recession. He adds that the banking crisis is far from over, noting that we are just in “the middle innings.” Gammon shares his insights on the latest macro data & the Federal Reserve. He also outlines his own economic outlook, giving a glimpse into what he is doing with his own portfolio, weighing in on Treasuries, gold, silver, and Bitcoin.

This video is brought to you by *Swan Bitcoin*

#recession #economy #Fed #banking

00:00 Coming Up
01:09 Introduction: Economic Overview
03:15 Most Powerful Economic Indicator Signals Recession
09:30 Banking System
19:07 Unrealized Losses and Banking Crisis
22:25 Federal Reserve
32:15 Yield Curve's Predictive Power
42:12 Potential Hard Landing Scenarios
01:03:51 Investment Strategies
01:07:52 Bitcoin
01:10:53 U.S. Elections

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Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

[Miakate-fl]

Opinions on the market diverge; some claim overvaluation due to rapid gains, while others cite strong economic fundamentals justifying high valuations. Raises concern for my $600K equities going 8% up and 20% down. Should i hold on or sell off my positions and hold cash?.

[AdamLaus-xuyb]

I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

[kortyEdna]

This global recession/collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my savings/retirement fund of about $680k which has been sitting duck since forever with zero to no gains.

[Dantursi]

Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favourable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich.

[robertsattler]

The longer the crash is postponed - the harder it will be!

[randydrake]

George was especially sharp today and Michelle was smart to let him fully explain all of these concepts. Good job on both sides.

[elizabethwilliams]

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[KimoKapaku]

George Gammon is legit and probably one of the best guests kitco gets periodically. His way of explaining things is by far the easiest to understand

[eliseduffyfxx]

When I say that the market crash and soaring inflation have me genuinely anxious about retirement, I mean it. I've been experiencing financial difficulties for some time now, and while I understand that these times have their benefits, I'm going crazy. Consider the long term when investing, as it is a long-term endeavor.

[Riggsnic_co]

I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.

[schickmann]

Michelle allows her guests to speak. She doesn't need to interrupt nor inject her opinion nor demonstrate her intelligence. this is why she is a great interviewer.

[citizentex]

This concerns a banking recession. The general population has been in recession for several quarters. The data we receive is constantly revised down. Normal people already know.

[TzBurton]

I have learned so much from George Gammons. He is very modest about his understanding of macro economics. His white boards are a great teaching tool in three easy steps. He's a good guy.

[kevinhoffman]

I love George Gammon. Thanks for having him on!

[waitwhat]

820 credit score, asked my bank for a loan was told they are not doing loans....WTF are called a bank for???

[LivingTheDream]

I am happy to see Rebel Capitalist on your show. He does well showing the charade. You all are so close to seeing the truth.

[donimus]

Excellent show. Appreciate it when you have this guest on. He has such great insights and great info. Keep him coming 🤗

[Zket]

“HELLOOWWW FELLOW REBEL CAPITALISTS HOPE YOURE WEEELLLL!!!!HEHEHEHE”
🤣🤣🤣🤣🤣

[dr.ulyssesswlabr]

Banks are struggling because loan portfolios are upside down right now. They lent trillions at sub 3.5%, now inflation is 8%-12% with the new "normalized" inflation projected to settle around 4%, which means all those loans are underwater after inflation. These will become the new "toxic assets" to be bought up by the Fed.

[mrsterling]

Guess, everyone forgets Jamie Dimon told the world in a TV interview like 18 or 19 months ago that a “hurricane is coming “.