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Jeffrey Tucker, founder and president of the Brownstone Institute, joins Ernest Hoffman of Kitco News to explain why Bitcoin is rallying and how the Fed’s monetary policy will drive the U.S. economy into recession. They also discuss the Treasury’s bank bailouts, dedollarization, and the impact of household debt on the prospects for recovery.
Follow Jeffrey Tucker on Twitter: @jeffreyatucker
Follow Kitco News on Twitter: @KitcoNewsNOW
0:00 – Intro
0:51 – Bitcoin fulfilling its role
2:50 – Fed’s loss of credibility
7:21 – Fed is driving economy into recession
14:33 – PPI decline means recession
18:40 – Consumer household debt
20:51 – Recession will be obvious by July
24:24 – USD weaponization and dedollarization
32:20 – Gold and Bitcoin in stagflation
#bitcoin #gold #recession
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