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'Nuclear' bank implosions coming as the Fed focuses on real mission and hikes to 6% - Tom Luongo
In a revealing interview, Tom Luongo, Publisher of Gold, Goats 'N Guns, predicts that the Federal Reserve will implement a significant 6% interest rate hike this year. Luongo joins Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, to discuss Powell's true mission, which goes beyond inflation control. Luongo suggests that Powell aims to confront 'The Gr3at Reset' and restore the strength of the U.S. dollar. Tune in to gain insights into the potential impact on gold, silver, and other commodities as Luongo shares his compelling thesis.
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/michellemakori)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Tom Luongo on Twitter: @TFL1728 (https://twitter.com/TFL1728)
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0:00 - Fed policy
7:47 - Real estate and banking
14:27 - Powell is fighting Davos
31:16 - Banking system collapse
33:45 - Investment implications
35:06 - Gold price
36:38 - Political implications
#gold #banking #realestate
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