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Top Three Videos – August 25, 2023

Neil Oliver: ‘…they’re dismantling our way of life!’

Neil Oliver

Quick Summary Bullets:

  • There is a similar feel now in paying attention to the authorities’ efforts to reshape the world, using any means to justify the relentless destruction and dismantling of the Western way of life.
  • The lack of consequences for those responsible for destructive actions and the erosion of rights and freedoms is a concerning issue, allowing perpetrators to continue causing harm without accountability.
  • The speaker highlights the backlash faced by those who criticized the lockdown policy, being labeled as lunatics, conspiracy theorists, and even granny killers, despite their concerns about the consequences for livelihoods and well-being.
  • While the public was locked in their homes, the government had access to research and data that showed there was nothing to fear, yet they still enforced strict measures.
  • “By now at least three hundred thousand and perhaps as many as half a million Ukrainian men and boys are dead and the country has been wrecked.”
  • “It’s calamitous Behavior by Authority undermining the foundations of Western life stoking anxiety and division between peoples.”
  • The transcript suggests that there is widespread corruption within the family of the President of the United States, with millions of dollars flowing into their bank accounts, while the questions surrounding this corruption are dismissed and ridiculed.
  • The mention of conspiracy theories highlights the idea that what was once dismissed as a conspiracy theory can eventually be proven true, with the time between theory and truth shortening.

Transcript Summary:

  • 00:00 The authorities are reshaping the world and relentlessly destroying and dismantling our way of life in the west.
  • 01:35 The ongoing transfer of wealth from the poor to the rich, erosion of rights and freedoms, and lack of consequences for perpetrators is causing irreparable damage to our way of life, like an incoming tide destroying a sand castle.
    • The ongoing transfer of wealth from the poor to the rich, along with the erosion of rights and freedoms, is a dangerous situation where perpetrators face no consequences for their actions, leading to a constant feeling that the damage caused will be irreparable.
    • The constant erosion of our way of life is like the incoming tide that eventually destroys a sand castle, and while those dismantling it only need to be lucky once, those trying to stop it must be lucky every time.
  • 04:50 Oliver initially trusted the government’s decision for lockdown but now realizes the negative consequences on health and the economy, calling out the wrongness of it, as almost half of all children have been damaged by lockdown and the severity of COVID-19 was exaggerated with fake images, leading many to believe it was no worse than the flu.
    • The speaker admits to initially trusting the government’s decision for lockdown but now realizes the negative consequences on health and the economy, and has been calling out the wrongness of it.
    • Almost half of all children have been damaged by lockdown, and the severity of COVID-19 was exaggerated with fake images, leading many to believe it was no worse than the flu.
  • 06:49 The government officials in number 10 Downing Street had access to data showing no need for fear during lockdown, but pushed unnecessary products resulting in a high death toll.
    • While the public was locked down and facing fear, the government officials in number 10 Downing Street had access to research and data that showed there was nothing to fear, and they even had to remind each other to follow COVID-19 protocols.
    • Unnecessary and unproven products were forcefully pushed on people, resulting in an unprecedented number of deaths, surpassing even those in times of war and natural disasters.
  • 08:56 The conflict in Ukraine, used as a proxy war by the West, has resulted in devastating consequences for the country and has led to economic repercussions for Germany and European countries, while the US played a significant role in the coup.
    • Russia invaded Ukraine and the West, particularly the US and NATO, used the conflict as a proxy war to weaken Russia and bring about regime change, resulting in the deaths of hundreds of thousands of Ukrainian men and boys and the destruction of the country.
    • The destruction of the north stream pipeline has severely damaged the German economy and made European countries reliant on expensive American Natural Gas, while Ukraine suffers and Victoria Newland, the acting U.S Secretary of State, played a key role in the coup in Ukraine.
  • 11:17 Our way of life is under threat as restrictions on mobility, increasing censorship, and the silencing of opposition are dismantling our society, along with concerns about the climate hoax, Central Bank digital currencies, and the undermining of Western life through military takeovers.
    • Victoria Newland is unhappy with the military takeover in Niger because France relies on Niger’s uranium for its nuclear industry, which is crucial for its power and economy, and this kind of behavior undermines Western life and creates division, along with other issues like the climate hoax and the introduction of Central Bank digital currencies.
    • There is a growing concern that our way of life is being dismantled, with restrictions on mobility and increasing censorship, while those in power continue to push their agendas and silence opposition.
  • 14:00 The mainstream media is now considering allegations of Hunter Biden’s involvement in foreign deals, which were initially dismissed as a Russian hoax, after evidence of millions of dollars flowing into the Biden family’s bank accounts emerged, highlighting a pattern of dismissed questions and conspiracy theories turning out to be true without any consequences for the perpetrators.
    • Authorities in the US, along with social and mainstream media, dismissed allegations of Hunter Biden’s involvement in foreign deals as a Russian hoax, but now the mainstream media is considering it.
    • Biden’s denials about his son’s business deals were proven wrong, with evidence of millions of dollars flowing into the Biden family’s bank accounts, and this is just one example of a long list of dismissed questions and conspiracy theories that turn out to be true, yet the perpetrators face no consequences.
  • 16:09 Oliver raises concerns about the destruction of our way of life and the lack of consequences for those responsible, while emphasizing the need for awareness and relentless efforts to oppose the theft of our rights and freedoms.
    • He discusses how the guilty parties behind the destruction of our way of life go unpunished, and questions arise about fires being intentionally set, highlighting the shift from conspiracy theories to truths being revealed in a shorter time frame.
    • Opposition to the dismantling of our lives, the theft of our cash, rights, and freedoms requires awareness, determination, and relentless efforts to prevent them from getting what they want.

Danielle DiMartino Booth: 'Perfect Storm' Dead Ahead For Markets. Get Your Money To Safety

Wealthion

Quick Summary Bullets:

Economic Downturn and Market Risks

  • Companies closing and bankruptcies are increasing, with a significant rise in closures from four or five per day to nine per day in August, indicating a downturn in the economy.
  • Danielle DiMartino Booth warns of a “perfect storm” ahead for markets.
  • The combination of historically aggressive rate hiking and tightening lending standards could lead to a perfect storm in the markets, posing significant risks and potentially causing a resurgence of inflation.
  • The continuation of deficit spending and potential issues with how the money is being used could eventually overpower any stimulative effects, leading to a stronger recession.
  • The sudden move higher in yields can be attributed to destabilizing events such as the increase in oil prices, the bank of Japan widening its yield curve control efforts, the Fitch downgrade of the US’s credit rating, and the US treasury’s announcement of borrowing 1.9 trillion in the second half of this year.
  • “All of a sudden people are beginning to say, hey you know this thing could really take off from here and you’re beginning to see articles talking about how we’re just in the secularly higher era of higher cost to Capital now.”
  • Fundamentals can be ignored for a long time, but eventually, they will catch up, suggesting that the current market situation may not be sustainable in the long run.
  • “We’re seeing companies closing bankruptcies re-erupting…we had 10 in the month of July and we’re on track to have 29 in August.”
  • “A lot of body blows are set to hit the economy in short order.”
  • The winding down of money spigots and potential shutdown of the economy could have a dampening effect on the economy, adding to the list of challenges in the “Perfect Storm.”
  • Powell’s focus on taming inflation may face challenges as sticky Services inflation and other factors could prolong the battle and make it harder to achieve success.
  • The perfect storm of gravitational catalysts weighing on economic growth may lead to a Fed pivot and interest rate cuts in 2024, making long Bonds a good investment option.
  • “Perfect Storm’ Dead Ahead For Markets.”

Government Programs and Fiscal Impact

  • The employer retention credit is an important example of the fiscal accelerator of the economy, highlighting the impact of government programs on businesses during the pandemic.
  • The top 20% of income earners in the US account for over 40% of US consumption and 18% of global GDP, highlighting the potential consequences of taking money away from this cohort.

Monetary Policy and Interest Rates

  • The difference between zero percent and three percent interest rates can be a matter of life and death for the corporate landscape, highlighting the significance of the Federal Reserve’s monetary policy decisions.
  • Ivy Zelman, a top real estate analyst, will provide her outlook for both residential and commercial real estate, offering valuable insights into the future of the industry.

Transcript Summary:

  • 00:00 The global economy is on the brink of recession, with concerns about rising bond yields and a potential mismatch between monetary tightening and fiscal stimulus that could lead to undesirable consequences.
    • Companies are closing at an increasing rate, with 29 expected to close in August, while money is being taken out of the economy and given to high net worth individuals, leading to potential changes in the future.
    • The surge in bond yields has caused concern about a permanent shift to higher cost of capital, but it is uncertain whether this spike is transitory or if the Fed will lower interest rates.
    • Danielle DiMartino Booth discusses her current assessment of the global economy and financial markets.
    • The global economy is on the brink of recession, with the Federal Reserve unable to implement zero interest rate policy and China unable to stimulate enough spending to pull the world out of its global recession.
    • The markets are currently pricing in a situation where the Federal Reserve is aggressively raising interest rates while the banking system is tightening lending standards, creating a mismatch between monetary tightening and fiscal stimulus that could lead to undesirable consequences such as a resurgence of inflation.
  • 04:57 The US economy is currently stable due to infrastructure spending, but there are concerns about inflation, deflation in certain sectors, and a potential recession, with companies filing for bankruptcy preemptively and a possible increase in bond yields.
    • There is currently stability in the US economy due to infrastructure spending offsetting the decline in non-residential and residential construction, but there will be a lagged effect from the inflation reduction act spending.
    • Government spending in the US economy is not yet manifesting, as some companies are hesitant to accept funding due to fear of shareholder backlash, resulting in a different transmission mechanism compared to wartime spending, which bypassed the banking system and went directly to households, potentially leading to real inflation, while the current spending is expected to go through companies and eventually reach the end consumer, particularly unionized employees, with a less immediate and efficient impact on inflation, as indicated by the correlation between trueflation and headline CPI.
    • Food prices are declining, energy and shelter costs are also decreasing, and there is a recognition of an oversupply of apartments, leading to deflation; while fiscal stimulus has garnered attention, it will not have an immediate impact like the pandemic crisis, and apartment rents will continue to be a strong drag on inflation as the labor force deteriorates.
    • Danielle predicts that the current deficit spending and macroeconomic issues will likely lead to a recession, and even though the Federal Reserve may raise interest rates, it won’t have a significant impact on commercial real estate deals.
    • Companies are filing for bankruptcy preemptively due to the expectation of higher interest rates and the inability to handle a higher cost of capital, leading to a sudden increase in bond yields.
    • Fitch’s downgrade should be considered in relation to other countries and their positions, as it was discussed in a Bloomberg chat room with institutional clients to explain the unexplained rise in inflation.
  • 15:26 The possibility of higher interest rates, debt ceiling resolution, and economic challenges indicate a potential upcoming financial crisis.
    • Energy prices have moved, but Jay Powell’s focus on core services and shelter means that the Bank of Japan’s impact on bond yields is the least understood and difficult to determine, leading to a lot of positioning and jockeying in the financial markets based on narratives rather than fundamentals.
    • The possibility of the federal funds rate increasing to six percent has caused concern about a long-term era of higher cost to capital.
    • There is a debate about whether it is a good time to buy U.S. treasuries, with some saying it is attractive and others saying it is not due to the possibility of higher yields, but the speaker believes that fundamentals can be ignored for a long time and there was relief after the debt ceiling resolution.
    • The debt ceiling resolution has angered those on the far right, while a significant percentage of Americans plan to disregard student loan repayment starting in October, leading to a budget standoff and a resumption of layoffs, all while the IRS is dealing with scandals related to paycheck protection programs.
    • Companies are closing at an increasing rate, leading to a significant economic impact and a decrease in income producing capacity, while the employee retention credit is being pumped into the hands of high net worth individuals.
    • National tax receipts are declining while expenses are increasing, leading to a negative equation for the economy and indicating a potential upcoming financial crisis.
  • 21:59 The US economy is facing a “perfect storm” with fraudulent income tax reductions, a decrease in consumption by top earners, and a dampening economy leading to bankruptcy and layoffs, while the speaker believes a no landing scenario is highly unlikely.
    • The employer retention credit is a fiscal accelerator that complements the paycheck Protection Program, allowing employers to retain employees during COVID without double-dipping with the program’s loan.
    • Startups have been able to claim up to $26,000 per employee in payroll tax clawbacks due to legislation signed by Trump and expanded by the Biden Administration, resulting in a wave of people taking advantage of this opportunity.
    • Wonder Trust and getrefunds.com, which most people have heard of but don’t connect to a government program, could have pumped $400 billion into the US economy annually, in addition to infrastructure spending, preventing a recession.
    • The reduction of income taxes has resulted in billions of dollars being given to wealthy Americans, but the IRS has recognized that this program is mostly fraudulent and has asked for it to end, which will likely lead to a decrease in consumption by the top income earners.
    • The top 20 percent have been benefiting from the economy while the money spigot is being turned off, leading to a dampening of the economy with bankruptcy, layoffs, and location closures.
    • Danielle believes that the lag effect is real and the no landing scenario is highly unlikely, and while Wall Street may have a different perspective, they are confident in their own understanding.
  • 28:24 Powell’s focus on taming inflation may face challenges, as everyday items like bread and milk will still be more expensive, increasing pressure on the Federal Reserve Chairman to take action before the upcoming election year.
    • Powell’s focus on taming inflation, particularly in services, may face challenges and it is uncertain whether he will be successful in the shorter term.
    • Shelter is twice as important as healthcare in the CPI, so even though inflation may be under control, everyday items like bread and milk will still be more expensive.
    • Danielle predicts that due to a confluence of factors, there will be an increase in pressure on the Federal Reserve Chairman to take action before the upcoming election year.
    • Inflation may come down after the base effects wear off, but the risk is that the Federal Reserve may be over tightening and policy may be too aggressive, making it uncertain if Powell will be able to declare his job done or if he will have to change course.
  • 32:40 A perfect storm of economic catalysts will lead to a Fed pivot and interest rate cuts in 2024, causing panic among investors and a need to seek safety in long bonds, despite the Fed’s parallel policy of reducing the balance sheet, which will have a disinflationary impact on financial assets and increase financing costs for CFOs.
    • Danielle predicts a perfect storm of economic catalysts that will lead to a Fed pivot and interest rate cuts in 2024, causing panic among investors and a need to seek safety in long bonds despite the Fed’s parallel policy of reducing the balance sheet, which will have a disinflationary impact on financial assets and increase financing costs for CFOs.
    • Decreased demand for loans and distressed banks indicate that the economy cannot sustain the current cost of capital, and even if the Fed cuts rates, companies will still face a significant increase in the cost of capital, leading to additional problems and impacts for a prolonged period of time.
    • US treasuries may become more attractive if the Federal Reserve lowers interest rates, as it could have a positive impact on the economy and the income generating capacity of the US workforce.
    • Recession is likely, and the speaker discusses the potential impact on employment and job losses, comparing it to the 2008 recession.
    • The persistence of the US economy in an environment of no growth or contracting GDP, along with the reliance on extending and pretending by bank loan officers and individuals holding onto investments in residential real estate, indicates a need for the Federal Reserve to implement a zero interest rate policy in order to prevent a potential economic collapse.
    • There are many players in the economy hoping for zero interest rate policy and quantitative easing, including auto manufacturers and dealers waiting for better financing terms, and there are also many individuals on social media who are desperate to escape financial burdens.
  • 41:55 The real estate market is facing challenges with potential housing price correction due to low mortgage rates, commercial real estate struggles, earnings recession, and potential layoffs, leading to a slow and prolonged decline over time.
    • Investment properties purchased based on weekly cash flow assumptions may face challenges due to the impact of domestic travel and Airbnb.
    • There is a significant amount of shadow inventory in the housing market, with many properties not listed for sale, and this is likely to become a major issue in the next 12-18 months.
    • The real estate market is facing significant challenges, with the potential for a housing price correction due to factors such as low mortgage rates, commercial real estate struggles, an upcoming earnings recession, and potential layoffs impacting people’s ability to afford housing.
    • The speaker believes that the upcoming market downturn will not be a sudden event, but rather a slow and prolonged decline over a period of time.
  • 46:11 Prepare for potential financial struggles by considering the impact on employment, home equity, and investment choices, and seek professional financial advice to navigate the potential upcoming market challenges.
    • Prepare for potential financial struggles by considering the impact on employment, home equity, and investment choices, as individual investors may not realize the option to sit back and collect a safe return while waiting for market conditions to stabilize due to the ingrained belief in the long-term benefits of the stock market and the influence of the Federal Reserve.
    • Jay Powell has been resolute since January 2022, but despite people constantly predicting that he will cave, the market has continued to climb higher, and while there may be dissent in 2024, there is still time for Powell to hold his ground and disprove the zero interest rate QE crowd.
    • Prepare for a potential financial crisis by investing in U.S. treasuries and avoiding AI stocks, while also being cautious of exposure to Clo’s, high yield, and investment grade companies that may become fallen angels, and consider looking into municipal bonds in well-run states as part of financial planning.
    • Danielle DiMartino Booth discusses her work and invites viewers to join her on the Substack platform, as well as providing information on how to join the QI Pro crowd, while also mentioning her active presence on Twitter and the upcoming Wealthy On Fall online conference.
    • Experts in interest rates, employment, geopolitical risks, inflation and deflation, real estate, bonds, stocks, energy, and nuclear energy will be sharing their outlooks at a conference, and it is recommended to seek professional financial advice to navigate the potential upcoming market challenges.

Global economic reset coming: Bitcoin price could drop below $10k, gold to rally — Mike McGlone

Kitco NEWS

Quick Summary Bullets:

Impact of Global Events on Bitcoin and Gold

  • “Bitcoin price could drop below $10k, gold to rally” – Mike McGlone suggests that there may be a global economic reset coming, leading to a potential drop in Bitcoin price and a rally in gold.
  • “China’s property crisis could have significant implications as the property sector accounts for more than a quarter of all economic activity in China.”
  • “Signs of weakness in the global economy: Germany reported very weak GDP, UK on the brink of a technical recession.”
  • “China could be a big Catalyst in bringing down the U.S into this Great Depression.”
  • “The paradigm shift that people missed last year and it’s getting more significant: The world’s largest importer of crude oil is now a net exporter.”
  • “Bitcoin is the world’s best performing asset in history of mankind, and it happened during zero interest rate policy.”

Performance and Outlook of Gold and Bitcoin

  • “I think the price of gold is going to get above $2,000 per ounce and never look back.”
  • “Gold should be one of the better performing Commodities once the U.S stock market starts outperforming and the Fed pivots.”
  • “Gold is anticipated to break out higher once the stock market no longer poses competition, which is way overdue.”
  • “Bitcoin is still the best performing asset in history, which is a problem if it drops to $10,000 as it shows the volatility and lack of stability in the market.”
  • “The hundred week moving average of Bitcoin is trending down most significant in its history… trend is heading lower and the fed’s still hiking there’s bad things going on for Bitcoin in the macro and the micro.”
  •  “Gold to rally during the economic reset.”

Economic Predictions and Forecasts

  • “We’re going to see deflation, the worst recession of our lifetime, and the great reset is imminently upon us.” – Mike McGlone predicts a bleak economic future with the possibility of a Great Depression.
  • “The biggest problem is this lose-lose with the FED still tightening…that liquidity being taken away from the system is what’s going to tilt everything lower to a normal recession reciprocal of the liquidity pump that we had.”
  • “It’ll be the biggest cycle of our lifetimes.”
  • “The probability of recession from the yield curve is the highest since 1982.”
  • “They will collapse and get Negative in my view based on the base effect and what typically happens in cycles and the major lag to this significant tightening.” – Mike McGlone predicts that inflation will drop below the target rate and potentially turn negative due to the base effect and historical patterns in economic cycles.

Transcript Summary:

  • 00:00 The global economy is heading towards a reset, with Bitcoin potentially dropping below $10k and gold rallying, due to unprecedented liquidity and the collapse of various sectors.
    • The US economy is performing well with low unemployment, sliding inflation, consumer spending, and projected GDP growth, despite previous predictions of a recession.
    • Commodities and cryptocurrencies are indicating a deep economic slowdown, with signs of stress in China, potentially leading to a Great Depression-like scenario.
    • A potential recession is looming in the US and Europe, with negative economic data in China, indicating a contraction in economic growth and raising concerns about the future due to the dependence on Europe and the US as their top customers, while also highlighting the historic liquidity dump phase that is just beginning.
    • Despite the possibility of a recession and ongoing conflicts in the US, there are still expectations of rate hikes, but with declining bank credit and personal savings, the withdrawal of liquidity from the system may lead to a drop in the stock market and a global economic reset.
    • McGlone believes that the global economy is heading towards a reset, with the possibility of Bitcoin dropping below $10k and gold rallying, due to the effects of unprecedented liquidity and the collapse of various sectors such as housing.
    • The upcoming economic cycle is expected to be the largest in our lifetime, with potential implications for individuals who typically live up to 80 years.
  • 05:45 A global economic reset is predicted, with the possibility of Bitcoin dropping below $10k and gold rallying, due to bearish indicators in the stock market and China’s economic slowdown.
    • McGlone predicts a global economic reset, with the possibility of the Bitcoin price dropping below $10k and gold rallying, due to the current bearish indicators in the stock market and the Fed’s reluctance to cut interest rates unless the stock market declines.
    • China’s economic slowdown, including deflation and a property crisis, along with the country’s rate cuts, could have a significant impact on the global economy, including the US.
    • China’s GDP growth is experiencing a significant downturn due to a trigger caused by President Z’s friendship with Mr. Putin, leading to the US and Europe pulling back from importing and investing in China, resulting in a rapid turnover of imports from China to Mexico and a consensus that the situation will not improve.
    • China’s economic situation is concerning, with signs of a potential economic reset, declining interest rates, and a heavy reliance on property as a source of wealth.
    • Expect a global economic reset with a potential drop in Bitcoin price and a rally in gold, as China’s stimulus efforts are limited and Europe is already in recession.
    • Global economy is showing signs of weakness, with Germany reporting weak GDP and the UK on the brink of a technical recession.
  • 13:33 The global economic reset is imminent, with Bitcoin potentially dropping below $10k and gold rallying, as countries seek protection from the US dollar, which remains the least worst option compared to other currencies.
    • The US is becoming less dependent on China due to increased imports from Mexico, which could potentially allow the US to become the world’s leader in the global economy without taking any action.
    • The global economic reset is imminent, with the potential for Bitcoin to drop below $10k and gold to rally, as countries like Russia and China seek protection from the US dollar, which despite its imperfections, remains the least worst option compared to other currencies.
    • Bitcoin and gold are the best investments due to the stability of the US dollar and the lack of checks and balances in other countries’ currencies.
    • The global economic situation is unfavorable for countries with weakening currencies, as the US dollar’s high interest rates make it unstoppable and other countries, such as the BRICS nations, are struggling to compete.
    • China could potentially bring down the US into a Great Depression, resulting in significant deflation and a global recession, with the US stock market potentially correcting by at least a third from its peak.
    • China’s economic downturn and potential loss of export customers, combined with deflationary trends and rising interest rates, indicate a global economic reset that could lead to a drop in Bitcoin price and a rally in gold.
  • 20:53 Bitcoin price could drop below $10k and gold will rally as a global economic reset is imminent, with the Federal Reserve unlikely to cut rates unless certain conditions are met.
    • McGlone predicts that a global economic reset is coming, with Bitcoin potentially dropping below $10k and gold rallying, and suggests that the Federal Reserve will not be cutting rates anytime soon unless certain conditions are met.
    • The global economic reset is imminent as the stock market collapses, leading to a decline in risk assets, including condos and housing prices, and the banking sector is showing signs of weakness with credit contraction and downgrades from credit rating agencies.
    • The global economic reset is imminent, with credit contraction and rising mortgage costs indicating a need for a good reason to stop, as the U.S. Federal Reserve is still expected to tighten.
    • Bitcoin price could drop below $10k and gold will rally due to the global economic reset, as Chairman Powell aims to curtail and squash inflation, maintaining vigilance against inflation and keeping rates steady.
    • McGlone suggests that there may not be any further interest rate hikes this year unless the stock market indicates a need for it, as the market’s performance so far has already conveyed a positive message.
    • Bitcoin price could drop below $10k and gold is expected to rally due to a global economic reset, with crude oil predicted to head towards $40-50 per barrel, indicating a deep economic slowdown and deflation.
  • 29:13 Bitcoin price could drop below $10k and gold is expected to rally due to a global economic reset and the shift towards an oversupplied market.
    • McGlone predicts that there will be a global economic reset, with the price of Bitcoin potentially dropping below $10k and gold rallying, due to factors such as excessive oil production, decreasing demand for crude oil, and the importance of copper in decarbonization and electrification.
    • Bitcoin price could drop below $10k and gold is expected to rally due to a global economic reset and the shift towards an oversupplied market.
    • Copper is likely to continue its high price trend, indicating a slowdown and recession, while gold is expected to surpass $200 per ounce and maintain its value.
    • Gold is expected to rally and reach a price of $2,000 once the US stock market starts outperforming and the Federal Reserve cuts interest rates, while Bitcoin’s price could drop below $10,000.
    • Gold prices are expected to rally due to a potential drop in interest rates, while Bitcoin could drop below $8,000 in the near term before experiencing long-term growth.
    • Bitcoin price could drop below $10k and gold is expected to rally due to the correlation between crude oil levels and market liquidity.
  • 38:50 Bitcoin’s price may drop below $10k due to a global economic reset, but gold is expected to rally, and while institutional investors may impact the price, the limited supply of Bitcoin and potential for a Bitcoin ETF could drive up demand and prices in the future.
    • Bitcoin’s volatility and lack of divergence from the stock market make it vulnerable to a potential global economic reset, causing its price to drop below $10k and challenging its status as a store of value asset.
    • Bitcoin’s price may drop below $10k and gold may rally due to the global economic reset, as the Federal Reserve is still cutting rates and the hundred week moving average of Bitcoin is trending down, making it a risky investment compared to equities.
    • Bitcoin’s price may drop below $10k and gold may rally due to the predictable decrease in Bitcoin’s annual supply and the potential launch of ETFs tracking a broad-based index of cryptocurrencies.
    • Bitcoin’s price could drop below $10k and it may take a while for it to catch up if there is a global economic reset, but institutional investors are expected to come in eventually.
    • Bitcoin’s price may drop below $10k due to a global economic reset, but gold is expected to rally, and while institutional investors may impact the price, the limited supply of Bitcoin and potential for a Bitcoin ETF could drive up demand and prices in the future.
    • The launch of the Futures Squad led to easy money in Bitcoin trading, but now that institutions are getting involved, the days of Bitcoin’s rapid price increase are over.
  • 49:29 Bitcoin’s price could drop below $10k in the long term, but it could still rally up to $100k, while gold may rally during the global economic reset.
    • Bitcoin’s volatility will cause it to trade more like gold, stocks, and treasury bonds, and despite its previous outperformance, it is currently experiencing negative liquidity and may drop below $10k in the long term.
    • Bitcoin price could drop below $10k and gold could rally in the upcoming global economic reset.
    • Bitcoin’s price could drop below $10k but still rally up to $100k, resulting in a potential 10x appreciation.
    • Possible events that could derail the global economic reset thesis include a definitive peace in Europe, a new regime in China, or a major shift towards capitalism and free elections in these two countries.
    • There is a risk of nuclear issues between China and Russia, but the speaker is more concerned about the downside and the restrictive monetary policy despite indications of an impending recession.
  • 54:37 Bitcoin price could drop below $10k and gold is expected to rally in the upcoming global economic reset.
    • The property in England where Caracticus Pots was supposed to live, as featured in a recent New York Times article, is now for sale.
    • Bitcoin price could drop below $10k and gold is expected to rally in the upcoming global economic reset.

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