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🗓️ 19 August 2024
⏱️ 19 minutes
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0:00.0 | Well, everyone, |
0:05.0 | everyone prepare for the U.S. dollar to go down even more. |
0:10.0 | Yes, the Federal Reserve is meeting right now at their cushy resort in Jackson Hole, Wyoming. |
0:15.8 | What are they talking about? Of course, they're talking about interest rates. They're talking about inflation. |
0:19.7 | They're talking about the economy. They're talking about bi biodynamics they're talking about the election |
0:23.5 | so you are about to see some major shifts and some major verbiage come out of the |
0:28.5 | Federal Reserve over the next few weeks at their big September meeting we're |
0:31.6 | likely to see interest rates being slashed. |
0:34.6 | We already saw a mortgage interest rates dropping, dropping to their lowest level in years, |
0:39.7 | which is actually pretty stunning, but we are going to see the American interest rates declining |
0:44.4 | and being slashed in the next couple of weeks. |
0:46.8 | But I think it's important to note what's going on here. |
0:49.6 | This is a rock and a hard place for the Federal Reserve that massively screwed up a number of years ago |
0:55.8 | keeping interest rates artificially low and getting us in this situation where we are now. |
1:01.1 | It was all funny money. This is what happens when you print |
1:04.5 | trillions of dollars and try to flood the economy with trillions of dollars, |
1:08.5 | right? People were flush with all kinds of money. Massive amounts of savings due to stimulus checks. |
1:14.0 | Was all fake money. The United States government 35 trillion dollars in debt. |
1:18.0 | So it was all never it was all going to come home to roost at some point and |
1:22.0 | that's what we're seeing in terms of higher |
1:23.4 | inflation. An American credit card debt is at an all-time high and prices across the |
1:28.1 | border up over 20 percent. Everything from gas, food, groceries, etc. |
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