A Recessionary Entrée, With a Side of Dumb Money, Seasoned With Magic Money
Peak Prosperity
Chris Martenson
4.7 • 591 Ratings
🗓️ 21 March 2025
⏱️ 86 minutes
🧾️ Download transcript
Summary
The Fed split the difference by turning hawkish on rates but dovish by reducing the pace of QT. Inflation is still too high, but the economy is clearly rolling over. Meanwhile, the very foundations of the UYS dollar system were called into question by Elon’s comment about “magic money machines.”
Transcript
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| 0:00.0 | Nothing in this program should be considered investment advice. |
| 0:03.2 | It is for educational purposes only. |
| 0:05.3 | Please hit pause and read this disclaimer in full. |
| 0:10.5 | The greatest curse and the greatest blessing is our country is our dollars the global reserve system, right? |
| 0:16.4 | It comes with all kinds of responsibilities and burdens, but it's also a huge advantage to us |
| 0:21.5 | in comparison to the rest of the world, |
| 0:23.6 | if used correctly. |
| 0:26.2 | The following is the audio version of a video released at peakprosperity.com. |
| 0:32.0 | Visit peakprosperity.com to watch the video |
| 0:34.7 | and to find other insightful content, |
| 0:36.9 | such as articles, discussion forums, |
| 0:39.3 | and exclusive subscriber-only content. |
| 0:49.4 | Hello, everyone, and welcome to this edition of Finance You. |
| 0:52.7 | I'm your host, Chris Martinson, CEO of |
| 0:55.2 | Peek Financial Investing.com, and back with Paul Kikker of Kiker, Wealth Management, Paul. So good |
| 1:01.1 | to be back with you. Wow. We got a lot to talk about today. Oh, we do. These plates keep |
| 1:07.5 | spinning and spinning and tilting one way or other, don't they? Yeah. So, Paul, three big things on my plate today. I want to talk today about the Fed because they just came out with another thing where they flap their gums. And reliably, every time the Fed talks, the markets go up. So take that to the bank kind of a moment. Also, you distinguish between a watch and a warning because you're from tornado country, and I'd love to hear how your experience was just the out just this past week. Wow. A watch is when the tornado's on the ground. A warning is maybe something's coming. I want to talk about recession watch today. And, boy, let's talk about dumb money, can we? So that's what I have on my plate. You got anything else? No, we'll follow through with that, and I'll fill in as we go along. You know, the news about Elon Musk and that video coming out, I'm sure we'll get to that, but that's something that I kind of want to talk about, too. Indeed, the magic money machines. If people don't know about that, you should know about that if you have money. |
| 2:06.8 | And you, hey, he's just talking about nothing big, Paul, just that maybe the denominator is an unknown thing in the world of money. And we should maybe talk about that because that matters in the |
| 2:11.8 | world of money. All right. So the Fed came out. Jerome says, what does you say here? He says, you know, they're |
| 2:18.8 | going to hold rate steady. See a little bit slower growth. Higher inflation, I'm not sure |
| 2:24.5 | where they're getting that, but that's what they're seeing. I see it a little differently. |
| 2:28.1 | I'm looking more at deflation now, but at any rate, it doesn't matter what I think. |
... |
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