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Rebel Capitalist News

News: It's Finally Happened...The Global Economy May Not Survive This

Rebel Capitalist News

George Gammon

Business, Investing

4.71.1K Ratings

🗓️ 29 September 2023

⏱️ 18 minutes

🧾️ Download transcript

Summary

Check out my private, online investment community (Rebel Capitalist Pro) with Chris MacIntosh, Lyn Alden and many more for $1!! click here https://georgegammon.com/pro

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✅ Check out my private, online investment community (Rebel Capitalist Pro) with Chris MacIntosh, Lyn Alden and many more for $1!! click here https://georgegammon.com/pro

 

✅Rebel capitalist merchandise https://www.rebelcapitaliststore.com

Transcript

Click on a timestamp to play from that location

0:00.0

Hello, fellow Rebel capitalists hope you're well.

0:01.8

So it's finally happened.

0:03.7

We've been talking about it on this channel for months,

0:07.2

and we're going to go right over to a chart of the DXY

0:11.4

and see that today it has exploded higher and this has massive ramifications for the

0:18.8

global economy.

0:20.0

Let's get into this first chart, check it out. Then we're gonna think through this

0:24.1

in terms of global dollar-denominated debt

0:27.8

and that BIS report that we went over the other day

0:32.3

saying that the one quadrillion dollars in derivatives is actually an understatement.

0:40.0

So what happens to the derivatives market along with the entire global economy, the bank's

0:45.8

balance sheet, if we have dollar go from 105 up to 106.

0:52.0

And remember, remember guys guys that once it breaks through that constraint that

0:56.6

resistance level the next stop is 110 113 and we go into the recession a flight to safety.

1:05.0

Look, dollar could go to 120, 130.

1:08.0

Now I think the central planners will come out with a plaza accord 2.0

1:12.2

before it implodes the global economy. But this is big news. Let's get right over to this chart. Let me do a screen share. We're going to start with a chart of the DXY. So you guys that are new to the channel will know exactly what I am referring to. So here we go.

1:28.8

guys it went through that barrier we at, let's say 106 is the most recent. It's over 106. So let's go back.

1:39.9

Let's say a year's time and this was the mark that we were really looking at closely right here.

1:45.7

105.61 and it kept bumping into that over and over and over it bump into it and come down, bump into it, that it come down, bump into it, that it come come down bump into it that it come down bump into it that come down which usually me I'm no

1:58.3

Technical analyst but from what I've learned from the headstrong guys I know that usually when it bumps into that resistance level multiple times and then breaks through especially it's on volume

2:09.6

that's an indication that the move higher is going to last. Now obviously there are no

...

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