‘Emergency’ Fed rate cut by June, only 6 U.S. banks will be left by 2025 paving way for CBDC
by Edward Dowd & Michelle Makori, Kitco NEWS [3-24-2023 published].
Click on the above image for this excellent discussion.
(Edward Dowd is a highly respected analyst. Keep in mind that a lot has already happened since this interview. It is also refreshing to see the interviewer knowledgeable & prepared. — RAD)
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
Resources
https://www.amazon.com/Cause-Epidemic-Sudden-Childrens-Defense/dp/1510776397 "Cause Unknown": The Epidemic of Sudden Deaths in 2021 & 2022 (Children’s Health Defense) Hardcover – December 13, 2022
Edward Dowd: ‘These Numbers Look Horrific’: Work Absence Rates Are Off the Charts — And It’s Only Gotten Worse [3-29-2023] by Edward Dowd
‘Smoking Gun’: New Actuarial Report Reaffirms the Trail of Death Caused by Vaccine Mandates [8-19-2022] Vigilant Fox discusses analysis by Edward Dowd.
Life Insurance Companies Across the Board See Staggering Increase in Death Benefit Payouts [8-18-2022] Vigilant Fox
Edward Dowd on Future Recession, Shocking Findings in the CDC Covid Data, and Democide [3-12-2022] Alexandra Bruce discussing findings of Edward Dowd.