Fed will hike to 6%, ’nuclear’ bank implosions coming as Powell focuses on real mission - Tom Luongo

The Fed will hike to 6% this year, says Tom Luongo, Publisher of Gold, Goats ’N Guns. Speaking with Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, Luongo explains that Powell’s real mission is not to just reduce inflation, but rather to rein in ’The Gr3at Reset,’ and repatriate the U.S. dollar. He explains the implications of his thesis for gold, silver, and other commodities. Follow Michelle Makori on Twitter: @MichelleMakori () Follow Kitco News on Twitter: @KitcoNewsNOW () Follow Tom Luongo on Twitter: @TFL1728 () 🔥𝗣𝗿𝗶𝗺𝗲 𝗫𝗕𝗧 - Sign Up for a new Trading Account on Prime XBT! 👉 - Receive a deposit bonus of up to $7,000 with promo code: BONUS7K 0:00 - Fed policy 7:47 - Real estate and banking 14:27 - Powell is fighting Davos 31:16 - Banking system collapse 33:45 - Investment implications 35:06 - Gold price 36:38 - Political implications #gold #banking #realestate __________________________________________________________________ Kitco News is the gold standard in precious metals, commodities, cryptocurrencies, mining, and financial news. SUBSCRIBE to our channel to stay up to date on the latest market and industry news. For breaking news, views, charts, and data on precious metals, cryptocurrencies, and financial markets - visit us at To get market updates on the go, download the Kitco Gold Live! APP - Stay connected: Twitter - Instagram - Facebook - LinkedIn - StockTwits - Live gold price and chart: Live silver price and chart: Live crypto market data: Learn more about Kitco News: For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.