Manage episode 363424809 series 3378373
“Theoretically, Jerome Powell would be the most powerful person in the world because he controls the money,” says Todd “Bubba” Horwitz, founder of bubbatrading.com. When it comes to the central bank digital currency ("CBDC") and how Florida Gov. Ron DeSantis signed a bill restricting the use of CBDCs in the state, Horwitz backs up these measures and adds that we need “more to stand up to say, ‘we can not allow the central banks, the Federal Reserve to take over completely.”
“The Fed is supposed to oversee, not the world’s largest thief stealing our money,” he argues. He continues that inflation is “worse than it’s been” and that it will go higher. He claims that the Fed will continue hiking interest rates unless another banking collapse happens, adding that the 10-year note will reach 6%. He predicts a stock market meltdown, with the S&P 500 Index dropping to 2,000 and the Dow Jones Industrial Average under 20,000.
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