’Emergency’ Fed rate cut by June, only 6 U.S. banks will be left by 2025 paving way for CBDC - Dowd
Edward Dowd, Founder of Phinance Technologies and former BlackRock fund manager, and Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News, discuss the Federal Reserve’s latest rate hikes, and why Dowd thinks Fed Chair Powell will be “forced“ to cut rates by June of 2023, leading to a “controlled implosion“ of the banking sector. Dowd forecasts that as banks consolidate, only 6 major banks will be left standing by 2025, paving the way for Central Bank Digital Currencies (CBDCs), digital fiat tokens issued and controlled by central banks. This, Dowd claims, could lead to “total government control“ and a potentially dystopian future .
Dowd also sees the dollar losing its dominance on the world stage with a “kinetic war“ breaking out as the BRICS countries launch their own reserve currency.
0:00 - Fed outlook
9:56 - Inflection point
12:00 - Banking crisis
16:02 - Six banks left standing
18:17 - Central bank digital currencies
23:14 - Resisting CBDCs
26:39 - Hidden agendas
28:12 - New monetary system
31:11 - U.S. Dollar dominance
33:30 - De-dollarization and war
37:10 - Investment implications
39:00 - Civil unrest
40:48 - New book and report
#banking #federalreserve #money
__________________________________________________________________
Kitco NEWS is a global news network based in Montreal, with bureaus in New York, Hong Kong, New Mexico, London and Vancouver. Since 2009, our journalists have helped investors make informed decisions through in-depth reporting, daily market updates, and interviews with key industry figures. We aim to accurately and impartially cover the economy, stock markets, commodities, cryptocurrencies, mining and metals.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit
Follow us on social media:
Facebook -
Twitter -
StockTwits -
Live gold price and charts:
Live silver price and charts:
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week:
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors:
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
3 views
52
11
5 months ago 00:02:26 1
Getting closer
5 months ago 00:03:51 1
| 09 Brain Damage | 50th anniversary of Pink Floyd: The Dark Side Of The Moon |
6 months ago 01:00:19 1
Philippe Aghion | The Growth and Employment Effects of AI
6 months ago 00:07:51 1
| 07 Us And Them | 50th anniversary of Pink Floyd: The Dark Side Of The Moon |
7 months ago 00:14:58 1
Jesse Ventura POLICE STATE FEMA CAMPS part 1 of 3 CENSORED FROM TV
7 months ago 00:14:51 1
Jesse Ventura POLICE STATE FEMA CAMPS part 3 of 3 CENSORED FROM TV
7 months ago 01:16:07 1
Veteran Federal Reserve Exec Thomas Hoenig Warns We’re On A Trajectory For Crisis
7 months ago 00:46:34 1
🚨 Silver’s $30 Eclipse This Week ++ NEW Gold Standard
7 months ago 00:38:44 1
HISTORY OF AUTOMOBILES FORD MOTOR CO. DOCUMENTARY “THE AMERICAN ROAD“ HENRY FORD MODEL T MD40540
7 months ago 01:14:22 1
Tom Benoît: “L’ euro est devenu un vrai fardeau’’.
7 months ago 00:08:32 1
N.B. Premier PUBLICLY ATTACKS Trudeau!
8 months ago 00:55:26 1
Fondsmanager Pesarini: Die Zinsen bleiben stabil – und was das für Aktien bedeutet // Mission Money
8 months ago 00:03:41 1
F.K.Ü. - The Spawning (Official Animated Video)
8 months ago 01:28:31 1
Aaron Russo’s MAD AS HELL (1991)
8 months ago 00:41:53 1
PRONG - State Of Emergency (FULL ALBUM 2023)
8 months ago 00:02:37 14
.: Cancels illegal debt
8 months ago 00:08:11 2
EMERGENCY ALERT!! ⚠️ The WHITE HOUSE just WARNED FLORIDA!! - Prepare for CHAOS!
8 months ago 00:31:43 1
Biden hit with NIGHTMARE NEWS!
8 months ago 00:03:45 1
Badministrator - Without a Sound (Zed Tribute)
9 months ago 00:00:54 1
World Market News of the 19 February with FXOpen #fedrate #nvidiastock
9 months ago 00:07:10 1
| 04 Time | 50th anniversary of Pink Floyd: The Dark Side Of The Moon |
9 months ago 00:02:45 1
U.S. Fed keeps interest rates steady while saying March rate cut is not likely
9 months ago 00:11:27 1
Yemen have just declared the US and UK to be ’terrorist’ states!