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The US Economy and the Status Quo Financial System
There has been a hollowing out of labor capacity of manufacturing capacity. The military is in logistics business full stop, he says. If the US wants to compete with China and re-shore its financial system, it will have to make stuff here or risk being left behind by other countries.
Preston Pysh and Luke Gromen talks about the current events unfolding around the Fed’s current rate hike pause, whether this is it or will they keep on tightening in future meetings. They talk about the energy market, its impact on treasury yields, the Bitcoin shift that’s currently taking place, and more.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
01:26 - The FED recently paused with their efforts to raise interest rates - what's happening?
04:08 - Everyone's talking about the TGA needing refilled, what's actually happening?
15:14 - How does the US Government need to issue 2.1 Trillion in the second half of 2023 and what's the impact?
30:03 - What is happening with the current number of cardboard boxes and why is it important?
37:52 - What's happening in the energy market right now?
59:14 - Luke's thoughts on Blackrock Bitcoin ETF.
01:04:25 - What's happening in US - China Relations right now?
BOOKS AND RESOURCES
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