Kitco News, Released on 2/1/24

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Dr. Nomi Prins, geo-macro economist and best-selling author, who breaks down a key message from Federal Reserve Chair Jerome Powell. Prins also says there is a massive risk of more bank failures this year, which will be met with a swift Fed response of more liquidity. She explains how assets, including gold, will react. Prins also shares her fears about a central bank digital currency (CBDC) and how it can be introduced in the U.S.

00:00 – Intro: The Fed
02:04 – Key Fed takeaways
05:40 – QE talk
08:06 – Market Outlook
10:42 – Banking Crisis
15:31 – What it all means for gold
18:33 – Geopolitics
23:38 – CBDCs

Nomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as having worked as a senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. Prins is known for her books All the Presidents’ Bankers: The Hidden Alliances that Drive American Power, Collusion: How Central Bankers Rigged the World and Permanent Distortion: How the Financial Markets Abandoned the Real Economy Forever.

  a, banking crisis, federal reserve, gold, interest rates, rate cuts