Credit markets showing smart money running while Dow hits records; subprime auto delinquency at 6.65% - highest since 1994; UBS liquidating hedge funds; Fed ending QT; gold/silver prices rising
Jeremy Saffron
George Gammon
Current situation eerily similar to 2007 Bear Stearns - hedge funds marketed as high-grade taking big losses, creating redemption doom loop
George Gammon
Monetary system is network of bank balance sheets - one failure increases counterparty risk throughout system, reducing liquidity regardless of Fed actions
George Gammon
Bank reserves don't equal liquidity - banks create money through lending, not dependent on reserves
George Gammon
Treasury market signaling risk-off with inverted yield curve while stock market ignores economic deterioration
George Gammon
Labor market showing severe weakness with major layoffs at Amazon, Wendy's, CarMax; consumer tapped out especially poor/middle class
George Gammon
50-year mortgage proposal is about buying votes, will increase home prices and lock people into debt servitude
George Gammon
Both parties now embracing big government socialism - no check on deficit spending or free money policies
George Gammon
True wealth is access to goods/services, not currency units; government expansion reduces real purchasing power regardless of money printing
George Gammon
Portfolio strategy: 10% gold insurance, 60% T-bills for safety, 30% speculative pairs trades; waiting for buying opportunities after potential 40-50% market decline
George Gammon
Bitcoin's value is portable purchasing power outside system; price uncertain short-term but essential for financial sovereignty