News: War In Middle East_ What Will Happen To Oil, Dollar, Gold, Rates Etc-_1
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 11 October 2023
⏱️ 12 minutes
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Summary
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Transcript
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| 0:00.0 | Hello, fellow Rebel capitals, hope you're well. |
| 0:01.9 | So I'm sure by now all of you have heard about the conflict |
| 0:04.7 | in the Middle East, the terrorist attacks on Israel. |
| 0:07.8 | I won't get into the geopolitics. |
| 0:09.8 | It's not really, we do too much on this channel, |
| 0:12.4 | but what I want to talk about is the |
| 0:13.8 | macro implications what's going to happen to the price of oil I was reading some |
| 0:17.8 | report saying that oil might go to a hundred and fifty dollars a barrel. |
| 0:23.2 | So think about that. |
| 0:23.8 | What would that do to the global economy? |
| 0:25.6 | What would that do to the 2024 election in the United States? |
| 0:28.9 | I mean, that in and of itself has massive ramifications that we really need to think through and discuss |
| 0:35.7 | probabilities. Let's talk about the dollar. Let's talk about gold. Let's talk about |
| 0:40.6 | interest rates for having sakes, equities. |
| 0:43.0 | Let's dive into this by going to the Wall Street Journal first and foremost. |
| 0:47.8 | So the stock market today, this is basically kind of a summation of what has happened so far. We've got Haven Assets, so I guess that would be Gold, they're referring to. This rose slightly. Usually what happens in this type of environment is gold gets a bid, but then it |
| 1:07.0 | sells off because gold gets a bid based on kind of a worst case scenario and then as the information comes out usually you don't get the worst case or you don't get the best case you don't get the worst case you get something in between and that's what makes gold kind of catch a bid go up spike and then kind of come |
| 1:26.1 | back down to where it was usually the same thing happens with oil now again |
| 1:31.0 | for a geopolitical standpoint we're assuming that moving forward this doesn't escalate to a worst case scenario, |
| 1:39.0 | but we're also assuming that it's not a best case scenario that this thing ends tomorrow, |
| 1:43.3 | maybe somewhere in between, |
| 1:45.0 | and in which case again, I would expect gold and oil, |
... |
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