With high gas prices and high inflation ravaging the American consumer, people are stressed, worried, and beginning to get agitated by their financial circumstances. The FED has created a very dangerous situation with its profligate credit and money creation. It has backed itself into a corner and is not likely to navigate a safe path to financial stability for the U.S. economy. In fact, even the global economy is at risk because of the global reserve currency status held by the US dollar. As this situation goes through a type of unwinding, there will be significant pain on Wall Street and on Main Street. Join me today as we review Chamath Palihapitiya's warning about the US stock and bond markets as the last 12 years of credit creation and intervention is unwound inside our global financial system.
