Recession Already Started, Fed “Clueless” in Fighting Inflation

The dollar is suffering from a joint effort from central banks around the globe to, "reduce the value of the dollar and aim for a global digital currency," says market expert Todd “Bubba” Horwitz, the founder of bubbatrading.com. "We're already suffering through inflation we haven't seen before," he tells our Daniela Cambone. Horwitz argues that if the United States returned to being, “a net exporter of oil," inflation would be solved domestically and throughout the global economy. Low employment and high inflation are not a good mix, he says, implying that the economy is in a stagflationary period. Horwitz concludes that gold has a great chance to, "reach all-time highs," in this current environment.

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Timestamps:

00:00 U.S. dollar rockets to a 20-year high on yen
2:52 Fed points toward a 75 basis-point hike
4:03 How would the Fed solve high inflation?
5:18 We’re in a recession right now
6:59 Stagflation realities
7:23 The outlook for gold and silver
9:06 When will gold reach its all-time highs?
10:09 Supply chain disruptions globally