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Rebel Capitalist News

News: Is 2024 The Year of Unexpected Hyper Deflation?

Rebel Capitalist News

George Gammon

Business, Investing

4.71.1K Ratings

🗓️ 26 December 2023

⏱️ 22 minutes

🧾️ Download transcript

Summary

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Transcript

Click on a timestamp to play from that location

0:00.0

Hello fellow rebel capitals hope you're well so I think 2024 could shock everybody.

0:08.8

What do I mean by that? Let's get right into this article from the Wall Street Journal and then I want to go over to

0:16.2

the Bureau of, what is the Bureau is this?

0:20.0

Let me shoot over there.

0:21.8

The Bureau of Labor Statistics, excuse me.

0:24.0

And then we're going to go to a couple other places

0:26.0

and connect some dots.

0:28.0

Now, if you saw the thumbnail,

0:30.0

I'm not going to call for a hyper deflation.

0:32.0

I don't even know if that's a thing but relative to people's expectations I think we

0:39.1

could have hyper deflation because the

0:43.9

expectation maybe not with everybody but I think the vast majority of people especially in the sound money space you know the gold silver

0:48.0

Bitcoin space they're expecting 10 15% inflation they're expecting a return to the 1970s. So if you're expecting a 15%

0:58.0

CPI year over year, but we get a negative three that that's that's going to be putting the majority of the

1:04.9

market participants off sides to say the least and I think that is going to be

1:09.5

shocking to the point where you could probably call that hyper-deflation, again relative to expectations.

1:17.8

So let's go to the Wall Street Journal and then we're going to visit some charts and I'll show you why this is my base case and I know that's going to be very unpopular

1:29.6

And I know this is one of those videos where like I'm gonna get thumbs down and they're

1:34.4

oh George you're crazy you don't know what you're talking about no no you've

1:38.0

been listening to Jeff Snyder too much all these things, but now look I'm just basing my opinion on the numbers, on the facts, on the data.

1:50.8

I'll show you what I'm talking about.

1:51.8

Title of this article on the Wall Street Journal,

...

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