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Is the banking crisis over or just beginning?
Andrew Axelrod, global macro and Bitcoin expert, and Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, discuss the recent buyout of First Republic Bank and the future of banking in the United States, as Axelrod forecasts more failures and ‘consolidation’ within the sector potentially paving the way to a CBDC. Axelrod highlights the problems in the commercial real estate sector, which many regional banks are exposed to and explains how this could result in 100% inflation by 2026 as the Federal Reserve ‘prints’ money to save financial institutions. He gives his price forecasts for gold and Bitcoin.
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
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Andrew Axelrod’s LinkedIn – https://www.linkedin.com/in/andrewmarkaxelrod/
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0:00 – First Republic buyout
7:55 – More bank failures?
13:16 – Commercial real estate
18:52 – Fed policy
20:20 – Inflation and de-dollarization
27:58 – ESG policies
30:17 – CBDC
36:35 – Banking consolidation
38:51 – Bitcoin
49:52 – Gold
#banking #inflation #bitcoin
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