"Gold Is Money Good" - Ed Dowd Warns "Deflationary Scare" Will Prompt Fed Panic

Ed Dowd, a former Wall Street money manager, has been forecasting a deep worldwide recession in 2025, and his predictions are coming true. He correctly predicted declining interest rates and inflation, which are being driven down by the decrease in illegal immigration and increase in deportations. Dowd believes that the Fed's decision to hold interest rates higher for longer will be a big policy error and will lead to rate cuts when the hard data comes in. He is watching the price of oil, which has collapsed, indicating that the Iranians are not going to close the Strait of Hormuz, avoiding an oil price shock. However, Dowd forecasts that commercial and residential real estate will be a huge drag on the economy as prices fall. He thinks the Fed will panic and have emergency rate cuts this fall, causing the stock market to take a hit. Dowd favors gold because big banks like gold, and it is now considered a Tier 1 asset, allowing banks to create loans against it. He also tracks the injuries and deaths related to the COVID-19 vaccine, which has resulted in 5.5 million permanently disabled Americans. Dowd believes that the vaccine is the cause of this disaster, but there is no curiosity about it from the new administration. Overall, Dowd's forecast is for a deep worldwide recession in 2025, driven by factors such as real estate and the Fed's policy errors.