ITM Trading, Released on 10/11/24

“The idea that interventionist governments are going to strengthen the middle class is simply ridiculous,” says Daniel Lacalle, IE Business School professor and economist. In an insightful interview with Daniela Cambone, Lacalle argues that by claiming to tax the wealthy and large corporations, governments are actually eroding the middle class’ purchasing power and stifling the growth of small businesses. Lacalle also warns of the looming dangers the U.S. faces by ignoring its fiscal and inflationary limits, calling the current “nothing has happened yet” mindset a reckless path toward economic disaster.

00:00 U.S. debt
4:54 How will the debt play out?
7:46 What should the U.S. do?
10:09 Small businesses indexes
11:13 Why destroy the middle class?
13:42 What do the next 10 years look like?
16:06 U.S. dollar
18:42 Decline of purchasing power
21:18 CBDC
24:42 Banking sector
26:37 Gold
28:30 Central banks purchasing gold
31:42 When to buy gold
38:42 How can we protect ourselves?

Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020) and Escape from the Central Bank Trap (2017). He is a professor of global economy at IE Business School in Madrid and Chief Economist at Tressis SV. Ranked as one of the top twenty most influential economists in the world in 2016 and 2017 by Richtopia, he holds the CIIA financial analyst title, with a postgraduate degree in higher business studies and a master’s degree in economic investigation. He is a member of the advisory board of the Rafael del Pino Foundation and Commissioner of the Community of Madrid in London. His work can be found here.

  Daniel Lacalle, dollar, economy, gold, investing, us debt