INTERVIEW Fed's Powell Fostering an Extinction Level Event
The David Knight Show
David Knight
4.6 • 765 Ratings
🗓️ 25 August 2023
⏱️ 59 minutes
🧾️ Download transcript
Summary
Fed policy is accelerating and intensifying the damage done by lockdown. Rapid increases of interest rates to high levels will have devastating consequences for regional and smaller banks, commercial real estate, housing and the stock market. And things are as bad or worse in China
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Transcript
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| 0:00.0 | Well, joining us now is Gerald Salenti of Trends Journal, as I pointed out earlier in the show, |
| 0:09.1 | trendsjournal.com. A great resource. Gerald has been out in front of all this stuff so long. |
| 0:16.1 | CVDC, this commercial real estate, debacle that we're seeing happening now and what it's going to do, |
| 0:22.3 | the banking industry. |
| 0:23.1 | Everybody's just now catching up to what Gerald said about this a long time back. |
| 0:27.0 | But I was just talking to Gerald, and he said he wanted to pick up on what I was talking about |
| 0:31.5 | with Trump. |
| 0:32.2 | He said he just got a letter from a subscriber of his talking about the vaccine stuff. |
| 0:37.2 | But did you hear, Gerald, when I talked about Trump, you know, after DeSantis criticized Trump for lockdown on the Wednesday night debate, Thursday, Trump came out and said, you know, DeSantis vaccinated a million people. |
| 0:51.0 | And the one millionth person that he vaccinated that guy died four months later |
| 0:54.7 | i didn't vaccinate anybody and neither did fouchy can you believe that isn't that amazing |
| 1:00.0 | look trump is a he's a liar yeah and by the way just so everybody gets this straight |
| 1:07.2 | this is the trends journal from the winter of 2017. |
| 1:16.0 | So there's Trump. |
| 1:19.7 | Crusades 2000 crusader Trump. |
| 1:23.3 | We were the first magazine to call him a winner in May of 2016. |
| 1:29.5 | So it's not whether I like Trump, hate Trump, it's the facts. |
| 1:33.7 | He lied his way into office with three big promises. |
| 1:38.8 | Number one, I'm going to build a fence. |
| 1:42.0 | They're not going to come in anymore. |
| 1:44.0 | The immigrants, the refugees. |
| 1:46.1 | I know. |
... |
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