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The Fed will hike to 6% this year, says Tom Luongo, Publisher of Gold, Goats ‘N Guns. Speaking with Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, Luongo explains that Powell’s real mission is not to just reduce inflation, but rather to rein in ‘The Gr3at Reset,’ and repatriate the U.S. dollar. He explains the implications of his thesis for gold, silver, and other commodities.
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/michellemakori)
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0:00 – Fed policy
7:47 – Real estate and banking
14:27 – Powell is fighting Davos
31:16 – Banking system collapse
33:45 – Investment implications
35:06 – Gold price
36:38 – Political implications
#gold #banking #realestate
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