Fed Broke Another Central Bank, Global Sovereign Debt Crisis & Financial Turmoil Coming – Ed Dowd

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Edward Dowd, Founding Partner of Phinance Technologies, who warns that the Federal Reserve finally broke something as interest rates remained at 23-year highs for over a year. Dowd explains that during this rate-hike cycle, what ended up breaking was another central bank – the Bank of Japan. He outlines the consequences of this and says the clock has started counting down towards a global debt crisis. Dowd shares his macro outlook while also weighing in on geopolitical tensions and potentially identifying the next ‘Black Swan’ event. He also gives his outlook on banking, projecting more stress and consolidation in the sector. Dowd warns of a scenario that could open the door to a central bank digital currency (CBDC). He also speaks about U.S. elections, the U.S. dollar, Bitcoin and gold.

This video is brought to you by *Swan Bitcoin*

#Fed #economy #debt #crisis

00:00 Coming Up
01:49 Introduction: The Fed Finally Broke Something
04:01 Fed's Actions and Economic Indicators
06:09 Global Debt Crisis and Japan
09:24 Yen Carry Trade
14:60 Geopolitical Tensions and Economic Implications
23:59 Banking Sector Outlook and CBDC Concerns
29:48 CBDCs
36:55 Macro Outlook
44:14 The Future of the Dollar and De-dollarization
51:11 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.

[NorthCarolinaForward]

We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing how can we enhance our earnings during this period of adjustment? I cannot let my $680, 000 savings vanish after putting in so much effort to accumulate them.

[BridgetMiller-]

Banks are selling mortgages. People always say it's a good option to buy at discount, but with the market turmoil and everything at stake in present economy, I'm thinking of buying stable coin to hedge against inflation, or is it all right saving over 350k ?

[bernardwright]

One of the most briIIiant investing advice i have ever gotten on youtube came from watching an interview with Julianne Iwersen Niemann on CNBC. Indeed, A solid investment strategy is like a well-planted tree—it can withstand storms and still grow strong

[McCarthyMichelini]

I’m mostly in cash and waiting for market to re-level on the reality of our situation. Or are there any ways I can avoid a crunch and maximize my savings of $550k? I know election years are positive for the stock market about 90% of the time. Meanwhile, I'm just focused on making better investments and earning more as recession fear increases

[Nelson-vx]

With all due respect, Michelle and Ed, you are both understating the danger of CBDC. Limits on how much steak someone buys is child's play. They will use it to suppress dissent and criticism of their criminal operations.

[APOLLINAIREBARTHOLOMIEU]

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.

[toms]

"Fix the middle class or this country is done." Spot on!

[conversationswithyou]

This guy is absolutely based in facts. He is preaching truth. No BS answers, just straight to the point. Bring more of Ed

[thepalehorse]

Nobody is going to survive the "end of this age" that's for sure. Store your "riches" in Heaven. YESHUA = SAVIOR is about to return.

[rogermoore]

We're going to wake up in a world of sh!t very soon.

[rudeawakening]

Awesome guest - HOST Michelle allowing him to answer uninterrupted AND very relevant questions .
BRAVO Kitco !

[valkry]

"FIX THE MIDDLE CLASS OR THIS COUNTRY IS DONE" ! Very prophetic.

[wadedavies]

"The Fed's Ed Dowd is becoming one of my favorite financial commentators for his subtlety as well as his clarity.

[dallasstudent]

Thank you, Ed Dowd, for having the courage to tell the truth!

[FeltB]

Michelle is the one the best interviewers ever. I learn so much sitting in on to your conversations because you listen and ask all the right questions. Well done. Keep it up ❤

[kodyk]

ED DOWD!!! He's back!!! There goes an hour of my day!

[gregsLyrics]

Edge of my seat fascinating wisdom. Michelle repeatedly conducts the best financial interviews in the world.

[RScHuMmPa]

Michelle is extremely intelligent and one of the best journalist in the world by far.. if not for shadowbans this channel would have 10 M Subs

[robertcoyte]

“Voting democrat at this time is insanity” - 100%

[mbrechenser]

Ed is a legend. He did some great work during Covid.