“There is a huge, huge problem that he knows about that he's not admitting to,” says George Gammon, a macroeconomics expert and host of the Rebel Capitalist Show, in an interview with Daniela Cambone. He explains that the Fed chairman Jerome Powell pushed back on market expectations for aggressive interest rate cuts because he is either alarmed by a much weaker economy or deeply concerned by a weakening dollar. “Whether that problem… is the dollar being over 100 or the U.S. economy is tanking right now, I don’t know.” He continues that the bond market indicates that the U.S. economy is headed into a hard landing and history indicates that a recession is inevitable. “Every single recession that we have had since 1950 has been preceded by an inversion of the curve,” he states. To navigate the financial uncertainty of 2024, watch the video to discover where Gammon invests 90% of his wealth.

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📖 CHAPTERS:
00:00 Introduction and Discussion of Jerome Powell's Pivot
06:00 Jerome Powell's Motivations and Concerns
12:10 The Weakening US Dollar and Potential Implications
22:40 M2 Money Supply and its Significance
26:25 The Fragility of the Banking Sector
29:18 Potential Banking Crisis in 2024
31:25 Other Risks: Geopolitical Tensions and China's Economy
35:10 Preparing for the Future: T-Bills and Gold
38:07 Conclusion and Holiday Wishes

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