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Money & Markets Report: July 20, 2023

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Theme: Ukraine Fever
Interview: 2nd Quarter 2023 Wrap Up: News Trends & Stories, Part II with Dr. Joseph P. Farrell
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126 Comments
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At the end Miss Catherine I think you nailed it. Enjoy your summer, this fall is going to be wild or worse. John did not see how the dollar could lose reserve status quickly? That to me is easy. It is only supported by Confidence……period. If there are xxxxx many bonds that are made up out of thin air, you just have to expose that and poof, all head to the exit door. More and more it seems mr global and the fed want to crash it all to put us all in the cattle pen. Keep shining your light Miss Catherine. The Dark of Human Winter is coming.
I agree with John. Too many people owe money in dollars – too much debt and no place to go. I don’t see the dollar being anything other than dangerous and dominant except in the scenarios where they people who control it decide to take it down.
Yes Miss Catherine, they could crash it on purpose, for the cattle pen. I can not rule that out either. They want a global system by 2030.
AI does not exhibit common sense, (most) people do! Pence seemed to respond like a bad AI programmed cyborg. Love the Sagan piece! Both Sagan and Orwell had great insight to the pitfalls of Science gone awry.
Dear Catherine
Time 1.24.00: I’m definitely looking forward to the timeline you and Carolyn will put together on from when the Fed went into the BIS in 1994 to when the missing money stared in 97. In order to fully understand where we are now it helps to know how we got here.
Also, anything Carolyn does is great and a pleasure to read. She writes so well.
On the list but numerous items ahead for now.
Mike Pence was being quite forthright about what his focus should be as President if the USA. The federal government should be focused on international relations and get out of the business of finding individual states. San Juan, Puerto Rico is one of the few cities that should be the concern of the federal government t because it lies in federal territory. Detroit is Michigan’s problem. Atlanta is Georgia’s problem.
Marilyn:
That would be true if our activities in the Ukraine related to legitimate national security issues and the investment was appropriate to the task.
That does not appear to be the case.
Plus many of the problems have been caused by federal government decisions or at a federal level, including QE and the open border. Bit harsh to create a problem then tell the states they all have to clean up the mess and absorb the costs.
Wow it sounds like Elon Musk is jumping into the CBDC business somehow when he talks about X becoming 1/2 of the world’s financial system:
https://www.disclose.tv/id/6jv45q5zhv/
What else could he possibly mean?. Let’s not even talk about the brain implants.
50:10 – The claim that Carlsberg is a French (or German) company is not correct. Carlsberg is a Danish brewery founded in 1847 and ranks among the 3 biggest in the world.
Aside form that, thank you for another wonderful show.
Catherine, I think you were referring about astronaut Kathy Sullivan not Kelly at your ASK CATHERINE discussion.