The Fed Loses $100 Billion A Year; What Happens When Central Bank Goes 'Bankrupt'? | Steve Hanke

Steve Hanke, Professor of Applied Economics, analyzes the latest inflation data, and discusses the Fed's financials, Donald Trump's economic platform, and banks' operational risks. *This video was recorded on July 26, 2024 Subscribe to my free newsletter: https://davidlinreport.substack.com/ Listen on Spotify: https://open.spotify.com/show/510WZMF... Listen on Apple Podcasts: https://podcasters.spotify.com/pod/sh... FOLLOW STEVE HANKE: Twitter (@steve_hanke):   / steve_hanke   Email: hanke@jhu.edu FOLLOW DAVID LIN: Twitter (@davidlin_TV):   / davidlin_tv   TikTok (@davidlin_TV):   / davidlin_tv   Instagram (@davidlin_TV):   / davidlin_tv   For business inquiries, reach me at david@thedavidlinreport.com *This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates. 0:00 - Intro 1:20 - U.S.inflation 5:10 - Fed's actual loss 8:51 - Global inflation 17:46 - "America is going bankrupt" 21:54 - Trump's economic agenda 27:46 - JD Vance wants weaker dollar 38:10 - Trump wants Bitcoin strategic reserve 43:00 - Banks' operational risks #election #economy #investing