Some people are worried that the stock market might go down soon, and others think small companies will do well. The value of things like gold and Bitcoin might go up if a certain person wins the next election. The person in charge of the country's money says they didn't do anything wrong. Read from source...
- He criticizes Schiff for sounding alarms, but Schiff is a well-known bear who has been warning of market crashes for years. Schiff is a long-time critic of the Fed and Keynesian economics.
- He mentions Schiff's "fall of commodity currencies" but doesn't provide any context or evidence. The US dollar has been strong lately, which tends to weigh on commodities, but this is a normal part of the business cycle.
- He quotes Zaccarelli's optimistic view of the US economy, but doesn't challenge it or provide any alternative perspectives. The US economy is not as strong as it seems, as shown by the weak Q1 GDP growth, the high inflation rate, the supply chain disruptions, and the labor shortage.
- He cites Kiyosaki's prediction of a surge in Bitcoin, gold, and silver prices if Trump wins the 2024 election, but doesn't explain why this would happen or how likely it is. Kiyosaki is a notorious advocate of alternative assets and a critic of the mainstream financial system.
- He reports Yellen's denial of manipulating Treasury securities, but doesn't provide any evidence or reasoning for her claim. Yellen is a proponent of fiscal stimulus and a steady hand at the Treasury Department, but she faces criticism for the high level of debt and the inflationary pressures.