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U.S. Dollar Will Lose Its Reserve Status ‘In My Lifetime,’ This is Why & What’s Next




Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, and Charles Payne, Host of Making Money on FOX Business Network


Summary In this conversation, Charles Payne discusses the warnings from Fed Chair Jerome Powell and other prominent figures about the unsustainable national debt in the United States. They highlight the need for fiscal sustainability and express concerns about the consequences of escalating debt. The role and power of the Federal Reserve are also discussed, with a focus on its impact on the economy and the potential for politicization. The conversation explores the de-dollarization trend and the future of the US dollar as the global reserve currency. The short-term focus includes discussions on the Fed’s actions and the state of the economy under the Biden administration. There is a recognition of a disconnect between the data and the experiences of real people. In this conversation, Charles Payne discusses various topics related to the economy, stock market, and investing. He highlights the manipulation of unemployment data by the media and the disconnect between the stock market and the economy. Payne emphasizes the importance of investing in the stock market and provides recommendations for diversifying a portfolio. He expresses optimism about the potential for a new economic boom and the fourth industrial revolution. However, he also expresses concerns about the education system and the need for strong political leadership. Payne’s book, ‘Unbreakable Investor,’ serves as a guide for individuals seeking financial independence.

Takeaways Prominent figures are warning about the unsustainable national debt in the US and the need for fiscal sustainability.

The Federal Reserve plays a significant role in the economy and its actions can impact the debt situation. There is a growing de-dollarization trend, with other countries seeking alternatives to the US dollar as the global reserve currency.

Short-term focus should be on the actions of the Fed and the state of the economy under the Biden administration. There is a disconnect between the data and the experiences of real people, highlighting the need for a more comprehensive understanding of the economic situation. Unemployment data can be manipulated by the media, and the stock market does not always reflect the true state of the economy.

Investing in the stock market can be a way to achieve financial independence, but it requires careful analysis of fundamentals, technicals, and behavioral factors. Diversifying a portfolio is important, but it should be done strategically rather than for the sake of diversification. The fourth industrial revolution presents opportunities for investment in areas such as AI and cybersecurity.

The outcome of the next election and the political landscape will have a significant impact on the economy. The education system is a major concern and needs improvement to ensure the future success of the nation.

Chapters 00:00 Introduction and Warning from Powell 02:03 Prominent Figures Warning about Debt 03:02 Discussion on Powell’s Comments 05:49 The Power and Role of the Federal Reserve 07:15 Politicization of the Federal Reserve 09:36 De-dollarization and the Future of the US Dollar 11:00 Consequences of Unsustainable Debt 14:07 Accelerated Trend under Biden 15:32 Timeline for the End of the Dollar 25:24 Short-Term Focus and Expectations 30:09 Disconnect between Data and Real People 31:37 Unemployment Data and Media Manipulation 35:20 The Stock Market and the Economy 39:10 Investing in the Stock Market 44:19 Portfolio Diversification 50:50 The Roaring 20s and the Fourth Industrial Revolution 55:02 Political Leadership and Economic Outlook 56:54 Concerns about the Education System 59:21 Inspiration for Writing the Book


The Federal Reserve plays a significant role in the economy and its actions can impact the debt situation.




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elocal Digital Edition – March 2024 (#275)

elocal Digital Edition
March 2024 (#275)


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