Edward Dowd provides a brilliant explanation of what is happening in the market and what to expect.

I have the Kitco link below and I am sharing my show notes for you all. Very important thoughts shared here.

https://www.youtube.com/watch?v=A2G3MAxdZfU

ECONOMY 

  • 4 interest rate cuts are predicted by the markets indicating that there is currently a flight to safety and quality.
  • As of Nov 2022, the M2 yr over yr chart went negative. Indicates contracting credit = shrinking economy. Last time this happened was 1930/great depression.
  • General view is that interest rate cuts means a boost to the stock market. That is only true in a bull market. However we are in a bear market and the reverse will happen.
  • Stocks have peaked, Commodities have peaked, Interest rates have peaked … when all three peak at same time a strong downward reaction is inevitable – 3 charts = Check Mate Charts.
  • 186 banks are in big trouble. Is the regional bank collapse intentional? If you plan to introduce a CBDC into the economy, would it not be easier if you only had 6 major banks to coordinate with?
  • CBDC opens the door to additional government controls, taxation, manipulation over the gebneral population.  Best time to introduce the CBDC is in the bottom of a planned/designed economic collapse.
  • Total Bank Collapse, if properly controlled can be executed over 18 to 24 months. If out of control collapse, it will happen much faster and be more painful. CBDC’s to follow.
  • The collapse of the FIAT currency is inevitable. Governments know this. They are trying to get in front of this with a new currency – CBDC’s. This will lead to black markets with the use of Gold, Silver and Bitcoin. {My note – He claims he is not into Gold, SLVR and BTC – he must be lying to not attract the government to himself when the SHTF}.
  • Dollar to fail UPwards, simultaneously global credit stress and defaults to rise.
  • Military Wars beyond UKE/RUS are on the Horizon as there are economic dislocations and USD global status is threatened {My note – China/Taiwan, Israel/Iran come to my mind, to name a few}.
  • The alliances will be USA+EU+India vs. Russia+China+BRICS .

COVID 

  • He has also published a book called CAUSE UNKNOWN where he explores the economic cost of Covid on the US economy.
  • He measured statistics to come to conclusion that the Covid Vaccine has caused loss to the economy.
  • He has determined it has adversely affected 5% of the US economy ; 300,000 excess deaths in the USA, 1,360,000 disabilities, 13,600,000 injuries (Chronic sick, miss work, often sick).
  • Analysis was conducted on the working population of the USA (18-64). He used this group because the Employed were ordered to take the vaccine shot. These people have always been healthier and lived longer than none employeed. Since Covid this is no longer true.
  • Excess deaths were calculated based on published stats by the Society of Actuaries. This is monitored and measured by Life insurance policy being collected on.
  • Disabilities’ data comes from the US Bureau of data statistics which indicates outsized increases.
  • Injuries (Chronic sick, miss work, often sick), was based on measured 2022 absenteeism rates. In 2022, change from the norm was measured at 13 times standard deviation. 3 x standard deviation is considered to be extreme.
  • {My note – If the banking crises is ‘planned’ to facilitate the introduction of CBDC’s , then was the COVID pandemic planned to initiate a borrowing binge and a subsequent banking crises?}