Headlines this week include Jerome Powell and the Fed's rate hike, Joe Biden's appearance on 60 Minutes to talk about inflation, comments from legendary investor, Stanley Druckenmiller, alarm bells from the CEO of Fedex, Raj Subramaniam, the incredibly successful (and troubling) track record of US lawmakers who trade in the stock market, "Bank Storming" in Lebanon, The Shanghai Cooperation Organization taking steps to reduce their reliance on the US Dollar, Greenpeace's campaign against Bitcoin, and a bullish Bitcoin price prediction from Bloomberg's Mike McGlone.
This week’s guest commentator is Sven Henrich, founder of NorthmanTrader . For this week’s Hard Money Report we examine the origins of the Federal Reserve and its inability to fight inflation and failure as a quasi-government institution meant to achieve maximum employment and price stability.
Chapters:
00:00:00 “Hard Money” Intro
00:00:35 Jerome Powell and the Fed Rate Hike, Biden on Inflation, Insider Trading in Congress, Lebanese Banks, El Salvador in the UN, Wall Street Bitcoin Bulls, and other Macro and Bitcoin Headlines
00:09:40 Interview with Sven Henrich, Founder of NorthmanTrader
00:22:56 Fed Up With The Fed - Hard Money Special Report
00:23:06 “Hard Money” Outro