The dislocation impact of excess currency creation has the currency markets in an extreme situation, such that the U.S. can no longer export our inflation. We’re likely to be much worse off than in 2008. Our guest this week, Mr. Karl Denninger, explains what’s happening with the US dollar and provides his take on the current state of the banking industry when he talks with your host Dennis Tubbergen on Retirement Lifestyle Advocates radio.
Mr. Karl Denninger is an American technology businessman, finance blogger, author, and political activist, sometimes referred to as a founding member of the Tea Party movement. Mr. Denninger is the author of the book Leverage: How Cheap Money Will Destroy the World. In the book, Denninger presents an inside look at how moneyed and powerful interests debase the dollar through the willful and intentional failure to honestly represent short and long-term mathematical truths that underlie all economic systems.
“Bank regulators were really asleep at the switch. They had all the red flags for Silicon Valley Bank back in 2019. They raised concerns, but they never forced any actions. The rating agencies were asleep at the switch as well. They were rating Silicon Valley Bank and Signature Bank as investment grade securities right up to the end.” Our guest this week on Retirement Lifestyle Advocates radio is A. Gary Shilling. He talks with your host, Dennis Tubbergen, about the systemic risks in the banking industry and provides his forecast for a recession in the coming months.
Dr. A. Gary Shilling is an American financial analyst and commentator who appears on a regular basis in publications such as Forbes magazine, The New York Times, and The Wall Street Journal. He is also the author of the monthly newsletter INSIGHT and the book “The Age of Deleveraging.” You can get a free copy of the INSIGHT newsletter by calling 888-346-7444.