The Likelihood of Banks Locking-In Your Funds Now – Hugh Hendry (Pt.1/2)

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, engages in a gripping conversation with Hugh Hendry, Founder of Eclectica Macro, as they delve into the pressing issue of the ongoing banking crisis. Hendry delivers a thought-provoking message, urging investors to acknowledge the potential for banks to lock in their funds. He provides a comprehensive update on the likelihood of this scenario unfolding. Drawing parallels to historical events, Hendry draws attention to the 1930s era when U.S. citizens were forced to sell their gold to the Federal Reserve at below-market rates. In this candid discussion, Hendry addresses the prevailing economic uncertainty, the mounting debt situation, and the risks posed by rapid Federal Reserve tightening. Tune in for an enlightening exploration of the current financial landscape and the implications for your wealth.

Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Hugh Hendry on Twitter: @hendry_hugh (https://twitter.com/hendry_hugh)

00:00 - Intro
03:07 - State of the banking sector
08:54 - Are there more bank collapses in store?
12:23 - Can banks put a lock on your deposits?
17:53 - Outlook on banks, economic outlook and the impact of the Fed’s tightening
22:28 - Why the Fed doesn’t want to cut rates
25:06 - Debt and its role in economic growth
27:29 - What’s next for the economy?

__________________________________________________________________
Kitco News is the gold standard in precious metals, commodities, cryptocurrencies, mining, and financial news.

SUBSCRIBE to our channel to stay up to date on the latest market and industry news.

For breaking news, views, charts, and data on precious metals, cryptocurrencies, and financial markets - visit us at https://www.kitco.com

To get market updates on the go, download the Kitco Gold Live! APP - https://applications.kitco.com

Stay connected:

Twitter - https://twitter.com/kitconewsnow
Instagram - https://www.instagram.com/kitconews
Facebook - https://www.facebook.com/KitcoNews
LinkedIn - https://www.linkedin.com/company/kitconews
StockTwits - https://stocktwits.com/kitconews

Live gold price and chart: https://www.kitco.com/gold-price-today-usa/
Live silver price and chart: https://www.kitco.com/Silver-price-today-USA/
Live crypto market data: https://www.kitco.com/price/crypto/

Learn more about Kitco News: https://www.kitco.com/news/about/

For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: www.kitco.com/advertising

Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc. Kitco News, its anchors, and reporters are in no way responsible for the performance and actions of sponsors, advertisers, and affiliates.