Kitco, Released on 7/12/23
Part 1 (part 2 below)
Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Rich Checkan, President and Co-Founder of Assets Strategies International, who says the FedNow Service, which launches in July, is a “slippery slope” to an “evil” central bank digital currency (CBDC). Checkan warns the U.S. could be forced into a CBDC to protect the greenback’s status as the world’s reserve currency. He also discusses how the world would look if a CBDC is adopted, pointing out that gold, silver, and Bitcoin will be the new cash.
0:00 – FedNow
9:54 – Pros and cons of CBDC
25:37 – Opinion polls: U.S. vs. Canada
28:09 – CBDC and greenback’s reserve status
35:42 – Gold, silver, Bitcoin
Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Rich Checkan, President and Co-Founder of Assets Strategies International, who says the U.S. economy is already starting to crash. Checkan points out that the Federal Reserve is at the end of its rope, noting that the U.S. central bank’s options are limited. He also reveals his updated gold price forecast and talks best gold coins to own.
0:00 – Fed outlook
3:30 – Fed’s credibility problem
5:26 – Cracks in the economy
7:55 – Recession outlook
10:32 – Gold’s performance
17:14 – Premiums and gold coins
20:34 – Gold outlook for 2030