Natalie Brunell, Released on 5/15/24

In this episode with Ed Dowd, we discuss:

– The current state of the economy and whether a bust is looming
– What would a 30-50% stock crash look like and could money printing ‘save it’
– Bank consolidations: Ed predicts failures of many regional banks and a few Too Big to Fail Banks emerging at the top
– How will a CBDC work?
– What is MMT?
– Is Bitcoin the solution to the broken financial system?
– Are leaders malicious or incompetent? Why the divide of red vs blue?
– Why Ed sees a lot of hope

00:00 Working at BlackRock
3:23 Making money close to the printing press
4:40 Macroeconomic picture
8:34 Bitdeer Technologies Group
9:33 Why is 2024 different?
12:04 “How the sausage is made” viral video
13:55 Modern Monetary Theory (MMT)
15:31 Who profits from a CBDC?
17:02 Transitioning to CBDC
18:18 How does a CBDC work?
20:43 “Bitcoin is here to stay”
21:55 Can the US Dollar be saved?
24:17 Bitcoin 2024
24:45 Speed Bitcoin Lightning Wallet
25:06 Coinkite Coldcard Wallet
25:27 The Bitcoin Way
26:01 Politics is about dividing classes
30:06 “Period of austerity is coming”
32:49 Chances of a great depression
34:59 What gives Ed hope?
38:10 Advice for young people
40:15 Believing in Bitcoin
41:37 “We can no longer be the savior of the world.”
46:16 Fountain App

Edward Dowd is currently a Founding Partner of Phinance Technologies, a global macro alternative investment firm. He is also author of the new book, “Cause Unknown: The Epidemic of Sudden Deaths in 2021 & 2022.” Edward has worked on Wall Street most of his career, spanning both credit markets and equity markets. Some of the firms he worked for include HSBC, Donaldson Lufkin & Jenrette and Independence Investments. Most notably, he worked at Blackrock as a portfolio manager where he managed a $14 billion Growth equity portfolio for ten years. After BlackRock, he founded OceanSquare Asset Management with two former BlackRock colleagues.

  bank failures, banking crisis, bitcoin, CBDC, ed dowd, investing, market crash, stock crash