ITM Trading, Released on 9/18/24

“There’s a possibility that we may need a currency alternative to the dollar, because the central banking system is trying to make it collapse,” says Todd Bubba Horwitz, founder and CEO of Bubba Trading. In an interview with Daniela Cambone, he criticizes the Fed for its irresponsible actions of printing money to stimulate the economy. “If you recognize the definition of a Ponzi scheme, you create new money to satisfy old debt, which is what we’ve done.” He also comments that people are spending more than they make, making the case for the precarious situation with consumer debt hitting record highs. Horwitz maintains his bullish outlook on gold and silver, predicting the precious metals to go higher this year.

00:00 Fed’s rate cuts
5:24 Gold
8:52 Central bank system
9:18 Russia’s purchasing on gold
10:29 Tariffs
11:55 Silver
13:52 Harris fracking ban
16:21 US consumer spending/savings
19:01 Money paying for debt
21:03 Trump’s second assassination attempt
22:44 Concluding words

Todd Horwitz — known as Bubba — is chief market strategist of BubbaTrading.com. He is a regular contributor on Fox, CNBC, BNN, Kitco, and Bloomberg. He also hosts his daily podcast ‘The Bubba Show.’ He is a 36-year member of the Chicago exchanges and was one of the original market makers in the SPX.

  economy, federal reserve, gold, interest rates, rate cut, silver, Todd ‘Bubba’ Horwitz