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America Is Losing: It’s the Worst Economic, Social, and Political Time Ever
America Is Losing: It’s the Worst Economic, Social, and Political Time Ever
ratings:
Length:
20 minutes
Released:
Aug 11, 2023
Format:
Podcast episode
Description
Between out-of-control inflation, the Russia-Ukraine war, and the ongoing banking crisis, the market is filled with uncertainty right now. On today’s show, Daniela’s guest Peter Grandich asserts that the de-dollarization trend could reshape the global markets as BRICS countries – Brazil, Russia, India, China, and South Africa – look to establish a new gold-backed international standard currency. Peter says, "The United States is either being eliminated or limited in exposure on trade after 100-plus years of being a leader on trade. I personally think when the BRICS stuff is all said and done over the next one to three years, it'll be the most important thing for world trade since the Industrial Revolution." He also believes that it's crucial for investors to prevent themselves from tuning out today's negativity in order to form a sound plan moving forward. “The only thing that's going to keep you sane is to deal in the world of reality... The reality is America is facing its worst ever social, political, or economic period,” he explains. Peter concludes by stressing that the Federal Reserve is unlikely to pivot from its aggressive inflation-fighting strategy, meaning this market turbulence we're experiencing today could drag on for much longer. “The easier way always for politicians is inflation versus deflation. Deflation is horrible. We saw that during the [Great] Depression. They will choose inflation over deflation, no matter what they may say at the moment,” he says. ➡️ Watch Here
Released:
Aug 11, 2023
Format:
Podcast episode
Titles in the series (100)
Fed Hikes After June Are Highly Unlikely, U.S. Economy Would Completely Shatter Warns Market Expert: "The Fed is going to keep raising rates until the economy falls apart," and we're at a point where they're, "going to take their foot off the gas," warns Garrett Goggin, editor of the Silver Stock Analyst, www.SilverStockOffer.com. "There hasn't been... by The Daniela Cambone Show