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A Financial Accident Will Happen and Spiral; Inflation Fight Is Just a “Charade” Warns Frank Giustra

A Financial Accident Will Happen and Spiral; Inflation Fight Is Just a “Charade” Warns Frank Giustra

FromThe Daniela Cambone Show


A Financial Accident Will Happen and Spiral; Inflation Fight Is Just a “Charade” Warns Frank Giustra

FromThe Daniela Cambone Show

ratings:
Length:
26 minutes
Released:
Sep 25, 2023
Format:
Podcast episode

Description

“Banks are slowing. Some financial accident is going to happen, and it could end up being a spiral. I think the charade of pretending that they’re going to beat inflation is a charade. They know they can’t,” says Frank Giustra, billionaire philanthropist and CEO of the Fiore Group. He says the Fed knows that interest-rate hikes have a lag effect and the massive debt issue will “bankrupt America,” as shown by today's slowing economy. While mining industry veteran Pierre Lassonde paints a negative picture for mining juniors, Frank disagrees and urges folks to avoid letting emotions guide their decisions no matter what happens in the market. “It’s a matter of patience. Hang in there. You just have to know something there is good [coming].” Additionally, Frank points out that central banks around the world accumulating gold means "something is up.” “I don’t think the West is listening. The gold enthusiasts are in the East. That’s where we see all the physical gold is going," Frank concludes. ➡️ Watch Here
Released:
Sep 25, 2023
Format:
Podcast episode

Titles in the series (100)

There's a thirst for economic and investment know-how. It's not taught in the classrooms or discussed via mainstream media. The Daniela Cambone Show is proud to bring you the exclusive news, interviews, and insight you can't get anywhere else. Host Daniela Cambone sets out to interview the top minds in finance to help explain new investments, opportunities, and industries that otherwise might be a mystery. From cryptocurrency, gold, silver, interest rates, and central banks, to the inner workings of the global economy, Daniela's goal is to get you to a comfortable level of financial understanding to achieve freedom.