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Quoth the Raven
Quoth the Raven #330 - Palisades Gold Radio: No Soft Landing Means Own Hard Assets
Feb 12, 2024
Discussing hikes, cycles, gold, silver, miners, bitcoin, potential for a gold reversal, Western leadership, Argentina, emerging markets, and optimism vs. reality in a recent podcast interview with QTR. Exploring economic critiques, global power shifts, investment strategies, evolution of Bitcoin acceptance, political shifts in Latin America, challenges in Argentina, and societal issues in the Western world. Delving into monetary systems, political dynamics, and strategic investment choices for financial security.
01:19:57
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Quick takeaways
- A market crash is inevitable due to the largest debt bubble in history and high interest rates, challenging the soft landing narrative by central banks.
- The US dollar's supremacy is at risk due to unsustainable national debt, prompting a shift towards alternative global currencies like gold and Bitcoin.
Deep dives
The Fed's Missteps and the Inevitable Market Crash
Despite being wrong about the timing, the speaker emphasizes that a market crash is inevitable due to the mathematical consequences of the largest debt bubble in history combined with high interest rates. The central banks' narrative of a soft landing is seen as a confidence game, with the speaker pointing to the country's debt spiral and irresponsible spending. The financial media and sell-side analysts are criticized for promoting the narrative while ignoring the impending consequences. The timing may be uncertain, but the speaker argues that something is bound to give.
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Listen to the best highlights from the podcasts you love and dive into the full episode