{"id":476,"date":"2024-08-11T07:24:57","date_gmt":"2024-08-11T07:24:57","guid":{"rendered":"https:\/\/kensmartips.com\/finance\/?p=476"},"modified":"2024-08-11T07:24:57","modified_gmt":"2024-08-11T07:24:57","slug":"fed-broke-another-central-bank-global-sovereign-debt-crisis-financial-turmoil-coming-ed-dowd","status":"publish","type":"post","link":"https:\/\/kensmartips.com\/finance\/?p=476","title":{"rendered":"Fed Broke Another Central Bank, Global Sovereign Debt Crisis &amp; Financial Turmoil Coming \u2013 Ed Dowd"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"480\" height=\"270\" src=\"\/\/www.youtube.com\/embed\/Cdom1Of0FMY\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<p>Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Edward Dowd, Founding Partner of Phinance Technologies, who warns that the Federal Reserve finally broke something as interest rates remained at 23-year highs for over a year. Dowd explains that during this rate-hike cycle, what ended up breaking was another central bank \u2013 the Bank of Japan. He outlines the consequences of this and says the clock has started counting down towards a global debt crisis. Dowd shares his macro outlook while also weighing in on geopolitical tensions and potentially identifying the next \u2018Black Swan\u2019 event. He also gives his outlook on banking, projecting more stress and consolidation in the sector. Dowd warns of a scenario that could open the door to a central bank digital currency (CBDC). He also speaks about U.S. elections, the U.S. dollar, Bitcoin and gold.<\/p>\n<p>This video is brought to you by *Swan Bitcoin*<br \/>\nSwan Bitcoin IRA &#8211; Start Saving Now: https:\/\/Swan.com\/retire<\/p>\n<p>Follow Michelle Makori on X: @MichelleMakori (https:\/\/twitter.com\/michellemakori)<br \/>\nFollow Kitco News on X: @KitcoNewsNOW (https:\/\/twitter.com\/kitconewsnow)<br \/>\nFollow Edward Dowd on X: @DowdEdward (https:\/\/twitter.com\/DowdEdward)<\/p>\n<p>#Fed #economy #debt #crisis<\/p>\n<p>00:00 Coming Up<br \/>\n01:49 Introduction: The Fed Finally Broke Something<br \/>\n04:01 Fed&#8217;s Actions and Economic Indicators<br \/>\n06:09 Global Debt Crisis and Japan<br \/>\n09:24 Yen Carry Trade<br \/>\n14:60 Geopolitical Tensions and Economic Implications<br \/>\n23:59 Banking Sector Outlook and CBDC Concerns<br \/>\n29:48 CBDCs<br \/>\n36:55 Macro Outlook<br \/>\n44:14 The Future of the Dollar and De-dollarization<br \/>\n51:11 U.S. Elections<br \/>\n__________________________________________________________________<br \/>\nKitco News is the gold standard in precious metals, commodities, cryptocurrencies, mining, and financial news.<\/p>\n<p>SUBSCRIBE to our channel to stay up to date on the latest market and industry news.<\/p>\n<p>For breaking news, views, charts, and data on precious metals, cryptocurrencies, and financial markets &#8211; visit us at https:\/\/www.kitco.com<\/p>\n<p>To get market updates on the go, download the Kitco Gold Live! APP &#8211; https:\/\/applications.kitco.com<\/p>\n<p>Stay connected:<\/p>\n<p>Twitter &#8211; https:\/\/twitter.com\/kitconewsnow<br \/>\nInstagram &#8211; https:\/\/www.instagram.com\/kitconews<br \/>\nFacebook &#8211; https:\/\/www.facebook.com\/KitcoNews<br \/>\nLinkedIn &#8211; https:\/\/www.linkedin.com\/company\/kitconews<br \/>\nStockTwits &#8211; https:\/\/stocktwits.com\/kitconews<\/p>\n<p>Live gold price and chart: https:\/\/www.kitco.com\/gold-price-today-usa\/<br \/>\nLive silver price and chart: https:\/\/www.kitco.com\/Silver-price-today-USA\/<br \/>\nLive crypto market data: https:\/\/www.kitco.com\/price\/crypto\/<\/p>\n<p>Learn more about Kitco News: https:\/\/www.kitco.com\/news\/about\/ <\/p>\n<p>For more information on advertising, sponsorship and marketing promotions \u2013 please visit our online media kit at: www.kitco.com\/advertising <\/p>\n<p>Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Edward Dowd, Founding Partner of Phinance Technologies, who warns that [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kensmartips.com\/finance\/?p=476\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fed Broke Another Central Bank, Global Sovereign Debt Crisis &amp; 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