Badlands Media Economy Update 7/20/23

What if I told you that the US housing market is standing on shaky ground, teetering perilously close to a complete freeze? That's right, the current situation is so dire that only 1% of homes have changed hands, with a widening bid-ask spread causing a deadlock. In this riveting conversation with Dr. Kirk Elliott, we unravel the complexities of the market's predicament, probing deeper into jobless claims, tech stock jitters, and a disappointing AI boom that may forewarn an imminent recession. We also scrutinize the Biden administration's perspective on inflation amidst these foreboding signs.

Imagine a world where the US dollar loses its global reserve currency status. It seems far-fetched, doesn't it? However, this could be our reality, resulting in profound consequences, particularly for the BRICS nations. Dr. Elliott and I consider the fallout of such a shift in global economic power in this episode. We revisit historical instances of the US government confiscating assets and discuss today's system of bail-ins. We also ponder over Central Bank Digital Currency's role and the need for financial readiness. So, are we going to sit back and react when the time comes, or are we going to be proactive? Listen to our analysis to arm yourself with knowledge. Because when it comes to your financial future, forewarned is forearmed. So let's get prepared together!

Join Badlands Media as we discuss all the lasts news relating to our economy.
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Badlands Media Economic Update is:
Sean Morgan:
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Kirk Elliot:
Website:
https://kirkelliottphd.com/badlands/
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