Summary of 'Powell is seeking inflation'; Fed will pivot, U.S. is going broke - Matthew Piepenburg (Pt .1/2)

00:00:00 - 00:20:00

Matthew Piepenburg discusses the possibility that the US is going broke and that the Fed will pivot to reduce rates in order to fight the recession. He also discusses how banks are artificially suppressing the gold price, which is likely to rise when the US dollar strengthens.

• 00:00:00 The CPI data released on August 1 showed that inflation has been difficult to tame, with the Consumer Price Index rising 0.1% in August and 8.3% year-over-year. This has caused expectations that the Fed will begin to raise rates more aggressively, which is likely to cause a recession. Meanwhile, global currencies are looking to develop their own Global Reserve currency, which could be backed by commodities like gold.
• 00:05:00 The author believes that the Federal Reserve is dishonest, and that Powell is seeking inflation. He also believes that the U.S. government's debt is unsustainable, and that the FED is between a rock and a hard place with regards to inflation.
• 00:10:00 Matthew Piepenburg, a finance and economics commentator, discusses the possibility of stagflation, or a situation where there is both deflation and inflation, in the United States. He notes that it is a result of low interest rates, a policy known as "monetary policy," as well as increasing government stimulus. Piepenburg believes that there is a high risk of stagflation, but warns that it could be worse.
• 00:15:00 Matthew Piepenburg discusses the possibility that the US is going broke and that the Fed will pivot to reduce rates in order to fight the recession. Piepenburg also discusses gold and silver prices, noting that they are being suppressed by a number of factors, but that when the US dollar strengthens, the gold price will also rise. He concludes by advising investors to avoid overvalued asset classes when the US dollar makes the "great short" and the markets hit their June lows.
• 00:20:00 The video discusses how the Federal Reserve is likely to pivot away from inflation and focus more on economic stability, which is likely to lead to a decline in the value of the dollar. Meanwhile, banks are artificially suppressing the gold price in order to increase their holdings.