Stansberry Research, Released on 8/22/22
The Inflation Reduction Act passed last week does almost anything except address inflation, says David Morgan, author of The Silver Manifesto and founder of TheMorganReport.com. The “misnomer bill” only accelerates the current trajectory of the U.S., “and it does not end well,” he tells our Daniela Cambone. Based on the current geopolitical landscape, “globalization is breaking up and is basically a failure,” Morgan concludes.
00:00 Inflation Reduction Act
3:35 Fed’s $12 trillion QE
9:52 Morgan’s biggest worries
11:46 Recession and inflation redefinition
14:28 Morgan’s thoughts on cryptos
17:19 U.S. dollar and the fiat system
19:17 Why won’t the price of gold move higher?
20:20 Silver is undervalued
22:28 Final thoughts of investing
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David’s educational mission also makes him a prolific author, having penned Get the Skinny on Silver Investing, The Silver Manifesto and, most recently, Second Chance: How to Make and Keep Big Money from the Coming Gold and Silver Shock.