Edward Dowd, Founder of Phinance Technologies and former BlackRock fund manager, and Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News, discuss the Federal Reserve’s latest rate hikes, and why Dowd thinks Fed Chair Powell will be “forced” to cut rates by June of 2023, leading to a “controlled implosion” of the banking sector. Dowd forecasts that as banks consolidate, only 6 major banks will be left standing by 2025, paving the way for Central Bank Digital Currencies (CBDCs), digital fiat tokens issued and controlled by central banks. This, Dowd claims, could lead to “total government control” and a potentially dystopian future .
0:00 – Fed outlook
9:56 – Inflection point
12:00 – Banking crisis
16:02 – Six banks left standing
18:17 – Central bank digital currencies
23:14 – Resisting CBDCs
26:39 – Hidden agendas
28:12 – New monetary system
31:11 – U.S. Dollar dominance
33:30 – De-dollarization and war
37:10 – Investment implications
39:00 – Civil unrest
40:48 – New book and report
Edward Dowd’s National Citizens Inquiry Statement Here
This is the Financial analyst, Edward Dowd, previously with Blackrock who I have been following … He says that the current Financial Crisis will lead to an elimination of Local and Regional Banks and a consolidation down to 6 Central Banks, which will make it hard for small businesses to get loans.
The Central Banks want a Central Bank Digital Currency (CBDC) so they can program and control how “your” money is spent … shutting off your access to your money if you are deemed a “threat” to national security for what you say or who you support with your money. Also they can limit how you spend “your” money so it aligns with Climate Change and Social Goals.
With a credit crunch and an sagging economy people may find it hard to pay their bills … in addition, as you pointed out AI is positioned to take over some white collar jobs. This could cause the Government to step in and offer a UBI … along with the strings of Digital ID and Digital Programmable money, CBDC … which is like Food Stamps on steroids.
FedNow will begin in July, 2023 … There is some pushback against CBDC by a few Republicans but I think this pushback may cause a political division over the issue instead of a real discussion and resistance against it. CDBC is a great amount of power, which usually leads to an abuse of the power.
The dollar is at the end of it’s life … the debt bubble will implode. We need a new financial system but not a CBDC currency and not money controlled by a group of Bankers like the Federal Reserve (who are private group … influenced by?).
Also recent alienises of BRICS Brazil, China, Russia, Iran and India … are moving away from the dollar, threatening the dollar as the world currency … which will lead to WAR and civil unrest!
Edward Dowd’s book “Cause Unknown”: The Epidemic of Sudden Deaths in 2021 & 2022 (Children’s Health Defense) cause by the COVID vaccine … especially in the working class people who were coerced to take the JAB for their JOB. This is based on this analysis of the Actuarial Life Tables.
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Edward Dowd: National Citizens Inquiry | Vancouver Day 2 – May 03 2023
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