News: You Won't Believe Jeff Gundlach's Latest Prediction
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 19 September 2023
⏱️ 14 minutes
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Summary
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Transcript
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| 0:00.0 | Hello fellow rebel capitalists hope you're well. So Jeff Gunlock just came out with an incredible |
| 0:07.1 | prediction. He's saying that the dollar is going to crash. Let's get right into this video |
| 0:15.0 | and check out his rationale, |
| 0:16.6 | then we're gonna go over some charts, |
| 0:18.0 | connect some dots, or probabilities. |
| 0:21.0 | Let's go right over to YouTube and this is from I think a recent conference called |
| 0:27.7 | Future Proof. Here you go. Here's the big picture. I think the dollar weakens tremendously in the next recession. |
| 0:34.4 | I think it's because the response to the next recession is going to be a complete disaster |
| 0:39.6 | relative to our |
| 0:45.0 | live liability to our and that's going to be the wake-up call where we realize the United States |
| 0:50.0 | cannot honor our liabilities. The United States has nearly $200 trillion of unfunded liabilities. That's almost 8 times GDP. |
| 0:55.6 | For us to pay that in today's purchasing power, we would have to pay 10% of our GDP for 80 years. |
| 1:01.2 | We have to have four generations of depression. We're not going to do that. What we're going to do |
| 1:04.9 | therefore is go to a complete abandonment of the dollar and we're going to see a restructuring of the U.S. financial system. |
| 1:15.0 | All right, so let's get back and do the screen share so we can go over some charts. |
| 1:21.0 | Now just to recap there in case, I know the volume was kind of low there he was |
| 1:24.7 | saying that the and he actually I believe he used the term dollar crash not in that clip but a little bit earlier |
| 1:31.2 | and he's talking about the dollar going down substantially |
| 1:34.4 | during the next recession so instead of everyone running to the dollar a flight |
| 1:40.7 | to safety what they're gonna do is're going to sell their dollars like a hot |
| 1:44.0 | potato because they're just going to wake up to this realization that the government is |
| 1:49.7 | broke, that we cannot pay for Social Security and all of these unfunded liabilities that are off-balance |
... |
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