Peter St Onge Podcast

Episode 35: Weekly Roundup 12.18.2023

Dec 18, 2023

The podcast discusses topics such as the Federal Reserve's balance sheet and its impact on the economy, central banks buying gold as a backstop, the broken link between economic sentiment and unemployment rates during COVID, the confusion in global financial markets caused by conflicting signals from oil, gold, and government bonds, and the potential impact of a recession on the economy.

25:43

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Quick takeaways

The Federal Reserve faces a dilemma of either reducing its $8 trillion balance sheet, potentially causing high inflation, or holding the assets and risking inflation leaking out over time.

Central banks' increasing gold purchases suggest concerns about the economy and the potential need for a secure and stable asset.

Deep dives

The Federal Reserve's Stolen Goods: An $8 Trillion Mountain

The Federal Reserve owns an $8 trillion balance sheet, a result of their money-printing practices and purchasing assets like government bonds and mortgage-backed securities. The balance sheet has grown significantly since 2008, especially during COVID-19. This accumulation of assets presents a dilemma for the Fed: they must either reduce their balance sheet, leading to potential high inflation, or continue to hold the assets and incur the risk of inflation leaking out over time.

Introduction

2min

Consequences of Selling Assets and Central Banks' Gold Buying Spree

2min

Central Banks Buying Gold and the Potential for a Gold Standard

8min

The Impact of COVID on American Economic Sentiment and Future Prospects

3min

Analyzing Indicators of Inflation and Recession

3min

The State of the Economy and Potential Impact of a Recession

8min

Weekly recap of all the daily videos.

In this Episode:

- The Fed's $8 Trillion Trap
- Dutch Central Bank buys gold to "Hedge Collapse"
- California goes Bust
- Fed Study: the Pain is Real
- CNBC: Markets are Completely Confused
- Fed Delivers the Champagne to Wall Street
- Climate Summit Coming for Coal

Read the full article "Four Pillars of Civilization Under Attack" at www.profstonge.com.

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