Federal Reserve Under Fire: Is Economic Collapse Imminent?

Is the U.S. economy set to face an imminent collapse? Learn why Professor Steve Hanke predicts why the economy is heading for a crisis and how the Fed could spark the next recession.

In this episode of ‘Speak Up’, Anthony Scaramucci speaks with Professor Steve Hanke, a leading expert in applied economics and co-director at Johns Hopkins University. Prof. Hanke explains the alarming contraction of the money supply, its historic implication and why he thinks the U.S. economy is heading for a crisis.

Discover how current fiscal policies might lead us to the brink of a recession and what you can do to protect and grow your wealth in these turbulent times. From the impact of quantitative tightening to the long-term outlook on inflation, Hanke provides actionable advice and forecasts you can't afford to miss.

Timestamps:
0:00 - Introduction
1:45 - Money Supply Contraction and Economic Impact
4:36 - Prof. Hanke’s Monetary Policy Recommendations
6:32 - Unsustainable Fiscal Policy and Deficit Concerns
10:07 - Risks of Current Deficit Spending
11:52 - Inflation Causes and the Role of the Fed
13:25 - Potential Dollar Crisis Scenario
15:07 - Fiscal Policy Solutions and Constitutional Changes
16:35 - Stock Market Analysis and Buffett’s Rule
22:03 - Petro-Dollar Agreement and Dollar’s Global Role
26:53 - Ineffectiveness of Sanctions
29:40 - Liquidity and Stock Market Outlook
30:46 - Earnings Forecasts and Recession Risks
32:34 - Impact of Interest Rate Cuts
34:27 - Detroit’s Competitiveness in Auto Industry
37:26 - Housing Market: Renovation vs. Buying
38:15 - Impact of Ethereum as a Security
39:26 - Closing Remarks
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There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?

Let us help you prepare your portfolio just in case the future brings one or more of the following: inflation, deflation, a bull market, a bear market, a market correction, a stock market crash, a real estate bubble, a real estate crash, an economic boom, a recession, a depression, or another global financial crisis.

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