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Top Three Videos – July 12 2023

The Fed's New Feudal System Will Wipe Out the Middle Class, Warns Greg Mannarino
Stansberry Research

The Federal Reserve’s new digital payment system and the actions of central banks are leading to the decline of the middle class and the establishment of a new feudal system.

Quick Summary Bullet Points:

  • “The implementation of FedNow could potentially wipe out the middle class, leading to a more feudalistic society.”
  • “I’m expecting a larger institution to probably go down as well as they consolidate the banking system, they want to consolidate the power in as few institutions as they possibly can.”
  • The Fed’s digital currency is a “completely digital thing” that doesn’t actually exist in physical cash form, raising questions about how it will be accessed and controlled.
  • The current economy is being dismantled by design to replace it with a Central Bank Run system and a One World Government.
  • “The dollar America is on borrowed time… the current system is in free fall and the American people are in for a rude awakening.”
  • The Fed’s new system is creating a new feudal system, leading to the wipeout of the middle class and the establishment of an extreme two-tier society.
  • Central banks creating cash out of nothing for over a decade may be a bigger factor in causing inflation than global warming, despite what some may claim.

Transcript Summary:

  • 00:00 The Fed’s new digital payment system could consolidate power in the financial system, leading to a bleak economic outlook and experts recommending investing in gold.
    • The economic outlook is bleak with layoffs, weakness in various sectors, and a decline in the trade deficit, prompting experts to recommend investing in gold, which they predict could reach $3,000 by the end of the year.
    • The Federal Reserve’s upcoming payment system, FedNow, is part of a larger plan that should be paid attention to, according to Greg Mannarino.
    • The Federal Reserve is transitioning to a fully digital system, causing regional and larger banks to face problems and potentially leading to consolidation of power in the financial system.
  • 03:14 The Federal Reserve’s new digital currency system will wipe out the middle class, as it eliminates physical cash and sends mixed messages about its intentions.
    • The new fednow system allows for instant digital currency transfers, but the speaker questions how physical cash can be transferred so quickly without being in the bank.
    • The speaker warns that the Federal Reserve’s digital currency system will eliminate the middle class and is sending mixed messages about its intentions.
    • The Federal Reserve is implementing a digital system that will lead to a completely digital currency, causing the middle class to be wiped out.
  • 05:39 The current economy is being replaced by a Central Bank Run system controlled by banks, who manipulate the media to spread false information.
    • The current economy is being dismantled to replace it with a Central Bank Run system controlled by banks, who also control the flow of information through mainstream media.
    • The speaker warns that the upper people in power are manipulating the media to propagate false information, and everything they say is the opposite of the truth.
  • 07:25 The decline of the US dollar as a reserve currency and the establishment of a new feudal system will wipe out the middle class and create an extreme two-tier society.
    • Yellen’s statement about diversifying reserve assets and the decline of the US dollar as a reserve currency indicates a real risk, and the American people are in for a rude awakening as the current system is in free fall.
    • The United States has been able to sustain its lifestyle by exporting inflation through the use of the US Dollar as the world’s reserve currency, but other countries are seeking an alternative to the mismanagement of the Federal Reserve.
    • The speaker warns that the current economic changes are leading to the establishment of a new feudal system, resulting in the wipeout of the middle class and the creation of an extreme two-tier society.
  • 10:00 The Fed’s new feudal system will wipe out the middle class as inflation rises, real wages drop, and homelessness increases, while pharmaceutical companies prioritize profitable drugs over essential antibiotics, leading to a deteriorating state of the country.
    • There is a shortage of antibiotics in New York City due to pharmaceutical companies prioritizing the production of more profitable drugs, and a pediatrician warns of the deteriorating state of the country.
    • Despite claims of economic improvement, the reality is that inflation is rising and real wages have been dropping for the past 25 months, leading to a growing number of homeless people and a bleak future for the middle class.
    • The speaker discusses the shortage of medical samples and the affordability of medication, but ultimately wants to wrap up the conversation.
  • 12:10 The Biden Administration is considering blocking the sun’s rays to slow climate change, which the speaker finds ridiculous and blames on global warming instead of central banks’ actions.
  • 13:12 The middle class is being wiped out by the Fed’s new feudal system, and people need to come together and realize that they are not each other’s enemies.
  • 14:23 The Fed’s new feudal system will wipe out the middle class, warns Greg Mannarino.

Central Bank Gold Repatriation Will Squeeze the Gold Shorts
maneco64

The repatriation of gold by central banks could expose price manipulation, decrease availability of leased gold, and potentially impact the price of gold.

Quick Summary Bullet Points:

  • “Gold repatriation is important because it exposes the abuse and manipulation of the stock market, particularly in the city of London and the comex in New York.”
  • “A lot of the gold being sold in the market is actually borrowed and doesn’t even exist, artificially affecting the price of gold.”
  • Central banks have been questioning the need to keep their gold with the Bank of England or the New York Fed, leading to a shift in gold storage preferences.
  • “A growing number of countries are bringing their physical gold reserves back home to avoid Russian-style sanctions on their foreign assets while increasing their purchases of the precious metal as a hedge against high levels of inflation.”
  • Gold repatriation has historically resulted in a sharp increase in gold prices, indicating the potential impact on the market.
  • “That pesky country Venezuela under Hugo Chavez demanded that the Bank of England send 160 tons of their gold back to Caracas from London and we know what happened to the price of gold.”
  • The repatriation of Central Bank gold could potentially lead to the closure of many short positions, causing the price of gold to rise significantly.
  • Rising yields are not good as it means bond prices go down, mortgage rates go higher, and the cost of funding the government increases.

Transcript Summary:

  • 00:00 Central Bank gold repatriation is important because it exposes the manipulation of gold prices through short selling in the stock market.
  • 02:14 Central banks in London and New York lease gold multiple times, leading to artificial price manipulation and hypothecation in the city of London.
    • Central banks in London and New York lease their gold multiple times, leading to hypothecation and re-hypothecation without limits in the city of London.
    • Banks like J.P Morgan and Barclays borrow and sell gold that doesn’t actually exist, artificially affecting the price, with London being the center of this manipulation.
  • 04:38 Central banks are repatriating their gold from the Bank of England due to a lack of trust, potentially impacting the price of gold.
    • The Bank of England’s gold holdings have significantly dropped in the past year, indicating a trend of gold repatriation from other central banks, which has implications for the price of gold.
    • Central banks are realizing that they cannot trust institutions like the Bank of England, as evidenced by historical events such as the theft of Czechoslovak gold by Germany in 1938.
  • 07:41 Central banks are repatriating and buying physical gold as a hedge against sanctions, inflation, and volatile bond prices.
    • Countries are repatriating their physical gold reserves to protect against sanctions and inflation, while central banks globally are making record purchases of gold in preparation for a potential gold-backed trading system.
    • Central banks are repatriating their gold reserves and buying physical gold in response to global tensions and concerns about inflation and volatile bond prices.
  • 10:21 Central bank repatriation of gold could impact the price of gold, as it could end price manipulation and decrease the availability of leased gold from the Bank of England and the New York Fed.
    • Central bank repatriation of gold could significantly impact the price of gold due to the potential end of price manipulation and the selling of gold that they don’t have.
    • If countries repatriate their gold, the Bank of England and the New York Fed will have less gold to lease, which could lead to potential risks and a decrease in the price of gold.
  • 12:52 Central bank repatriation of gold caused the price of gold to soar, with Venezuela’s demand for repatriation in 2011 leading to an all-time high, and the UK blocking their request for 14 tons in 2018.
    • In 2011, Venezuela demanded the repatriation of 160 tons of gold from the Bank of England, causing the price of gold to reach an all-time high, and by 2012, Venezuela had moved 160 tons of gold back to their country from American, European, and Canadian banks.
    • Venezuela requested 14 tons of gold in 2018, but the UK blocked it, and the speaker speculates that the 160 tons of gold that were moved quickly from Venezuela to Caracas in 2011 were known about in advance, which contributed to the increase in price.
  • 15:21 Central banks repatriating gold could increase the price and expose the London New York suppression scheme, urging banks to cover their shorts and prompting the Global South and Emerging Markets to end the paper game and distrust the Bank of England and the Federal Reserve.
    • Central banks repatriating their gold could force banks to cover their shorts, leading to a potential increase in the price of gold and potentially exposing the London New York suppression scheme.
    • Central banks, particularly those in the Global South and Emerging Markets, should repatriate their gold from London and New York to end the paper game and avoid trusting the Bank of England and the Federal Reserve.
  • 18:22 Gold and silver prices are rising while the dollar is decreasing, suggesting a potential squeeze on gold shorts, and rising yields in the bond market could lead to lower bond prices, higher mortgage rates, and increased government funding costs in the future.
    • Gold and silver prices are increasing, while the value of the dollar is decreasing, indicating a potential squeeze on gold shorts.
    • Rising yields in the bond market are not good as it leads to lower bond prices, higher mortgage rates, and increased government funding costs, and although the 10-year yield is currently below four percent, it is expected to rise in the medium to long term.

The second wave of inflation is coming, risk of 'deep recession' is very high – Simon Hunt (Pt 2/2)
Kitco NEWS

The US is using sanctions and the weaponization of the dollar to attack the BRICS countries, potentially leading to a new joint BRICS currency and an escalation of the war in Ukraine, which could result in a deep recession and the need to prepare for a difficult economic period ahead.

Quick Summary Bullet Points:

  • The United States is unlikely to let the dollar be dethroned as the king of global reserve currencies without a major fight.
  • “This war is part of America’s defense mechanism against the development of an alternative to the dollar denominated world.”
  • The risk of a “deep recession” is very high, indicating potential economic instability in the near future.
  • “We will see most Global Equity markets falling by 30 to 35 percent.”
  • The risk of a deep recession is very high, with evidence suggesting that the US will be in a recession by Q4.
  • “You’ll get the second wave of inflation and the second wave is always the damaging one.”
  • “There’s a real risk that we’ll see 10-year treasuries yielding well over 10 percent, which will lead us into either a very deep recession or a depression.”
  • “Prepare for very difficult years ahead, not just one year but probably five years.” – Simon Hunt advises investors to be prepared for a prolonged period of economic challenges.

Transcript Summary:

  • 00:00 The US is using sanctions and the weaponization of the dollar to attack the BRICS countries, potentially leading to a new joint BRICS currency and an escalation of the war in Ukraine.
    • The creation of a new joint BRICS currency backed by commodities like gold, oil, and rare Earths is garnering interest, with 20 nations applying to join, including Saudi Arabia, as the trend to de-dollarize accelerates, which may provoke a response from the United States.
    • The ongoing conflict in Ukraine is part of a long-term objective by the G7 countries, particularly the US, to achieve regime change in Moscow and gain control of Russia’s natural resources, and recent events have confirmed Russia’s suspicions, leading to a potential escalation of the war with a higher risk of it spreading beyond Ukraine’s borders.
    • The intensification of the war is America’s defense against threats to the dollar and may lead to the emergence of other centers of war before the American elections in 2024.
    • The speaker suggests that the US is using sanctions and the weaponization of the dollar to attack the foundations of the BRICS countries, particularly Russia, in an attempt to de-dollarize and weaken the BRICS alliance.
  • 05:50 China and Russia’s strategic alliance is being targeted by the West, but it is unlikely to succeed; Russia sent troops to Ukraine due to an imminent attack, and Germany’s internal division between industrialists and politicians may affect its role in the EU and NATO.
    • China and Russia’s strategic alliance is being targeted by the West, but it is unlikely to be successful according to the deputy foreign minister of China and leaders in the global times.
    • Russia sent a small number of troops into Ukraine because they were hoping for a peaceful resolution, but when they learned that Ukraine and NATO were about to launch a large attack, Putin sent in his Special Operations forces.
    • Over the past 10 years, there has been a trade and strategic triangle between Germany, Russia, and China, which Washington has feared and has been successful in breaking up.
    • Germany is experiencing an internal division between its industrialists who are still investing in China and its politicians who are heavily influenced by America, potentially impacting its role in the EU and NATO.
  • 10:54 A large percentage of Europeans disagree with their politicians’ support for Ukraine, potentially impacting the future of the EU and the ability to finance deficits of other EU countries, while the speaker suggests that the US may have initiated the war in Ukraine to undermine the BRICS currency initiative and predicts further escalation.
    • A large percentage of the European population disagrees with their politicians’ support for Ukraine, raising questions about the future of the EU and the ability to finance deficits of other EU countries.
    • The speaker suggests that the US potentially initiated the war in Ukraine as a means to undermine the BRICS currency initiative and the global monetary system, and predicts that the war will escalate.
  • 13:02 Most G7 countries, including the US, are expected to enter a recession soon, leading to aggressive monetary policies and potential layoffs, as indicated by declining employment figures and physical demand for copper.
    • Most G7 countries, including the US, are expected to be in recession by the Autumn, leading central banks to implement aggressive monetary policies to counter the significant decline in global equity markets.
    • The US is likely to enter a recession by Q4, as indicated by the household survey which suggests weaker employment figures and the exclusion of temporary workers in the establishment survey.
    • Hunt predicts that corporations will start laying off workers over the summer months, leading to a recession, regardless of the technical definition, as seen through indicators like falling physical demand for copper in America.
  • 17:05 Germany and China are experiencing economic slowdowns, the US is in a precarious position, and there is a high risk of a deep recession or depression due to rising interest rates, inflation, and potential currency changes.
    • Germany is in a technical recession, businesses are slowing down in Europe and China, China’s government is more focused on debt issues than stimulating the economy, growth in China will disappoint, and the US is currently in a precarious position.
    • Hunt predicts a recession in Q4, with the S&P 500 potentially dropping 30-35% due to the impact of quantitative tightening, rising interest rates, and the intensification of the war in Ukraine.
    • In 2024, there will be a second wave of inflation that will cause the dollar to fall and inflation to rise, leading to increased demand for inflation hedges.
    • There is a high risk of a deep recession or even a depression due to the potential increase in long-term interest rates, which could lead to a sell-off in the markets, inflation hitting double digits, and the opportunity for the BRICS countries to introduce their own currency.
  • 21:54 The outcome of the US-Russia war in Ukraine will negatively impact global markets, with Russia likely to negotiate favorable terms, leading to a high risk of a deep recession until 2025.
    • The outcome of the war between the US and Russia in Ukraine will have a negative impact on global markets, and while the US may not be victorious in terms of conquering more areas in Ukraine, Russia will be in a position to negotiate their terms and ultimately have a diplomatic resolution in their favor.
    • Hunt predicts that the global depression and war will continue until 2025, causing a high risk of a deep recession.
  • 23:43 Prepare for a difficult economic period ahead, buy gold and exit equity markets before a major crash occurs, as Simon discusses the risk of a deep recession and the second wave of inflation.
    • Prepare for a difficult economic period ahead, with the recommendation to buy gold and exit equity markets before a major crash occurs.
    • Simon breaks down his theory and shares his thoughts and perspectives on the risk of a deep recession and the second wave of inflation.
  • 26:54 The risk of a deep recession is very high as the second wave of inflation approaches.
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