U.S. Debt Crisis to Make the Fed ‘Irrelevant,’ Watch These Hard Assets Get ‘Unleashed’ - Tavi Costa

Jeremy Szafron, Anchor at Kitco News, interviews Tavi Costa, a macro strategist from Crescat Capital, to discuss the pressing issues facing the 2024 economy. They discuss the implications of high sovereign debt, the Federal Reserve's response to inflation, and the rising geopolitical tensions. Costa shares his insights on why he believes the Fed will become "irrelevant" due to unsustainable debt levels and highlights which hard assets are poised to benefit in this turbulent financial landscape.
Follow Jeremy Szafron on X: @JeremySzafron ( / jeremyszafron )
Follow Kitco News on X: @KitcoNewsNOW ( / kitconewsnow )
Follow Tavi Costa on X: @TaviCosta ( / tavicosta )
0:00 - Introduction & Global Economic Overview
1:21 - Federal Reserve's Policy Impact
2:44 - Credit Markets & Recession Risks
3:39 - IMF Growth Projections vs. Reality
4:38 - Fiscal Policies & Inflation Dynamics
5:34 - Stagflation Threat & Market Mispricing
6:58 - Hard Assets & Investment Opportunities
10:36 - Debasement of Fiat Currencies
18:34 - Global Economic Shifts & Opportunities
25:05 - Final Thoughts on Economic Outlook
#TaviCosta #KitcoNews #EconomicForecast #HardAssets #GoldInvesting #USDebtCrisis #FederalReserve #Inflation #Commodities #Investing #gold #goldprices #copper #silvermarket #silverprice #commoditiesmarket #commodities #oilprices #energy
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[@siiwok]

US Debt crisis is a nice word for America's Bankruptcy

[@siiwok]

@@aaronkerrigan241 delusional lmao

[@atomic_blonde1]

Did this guy really pronounce Jamie Dimon's name as "Dee-MON?"

[@ddawson8069]

Yeah dude really creative eh? Totally appropriate.

[@atomic_blonde1]

@@ddawson8069 ❤️

[@elonmusknewsnetwork]

😂😂😂

[@freakymeltdown1]

Thanks for mentioning it. I thought it'll go unrecognised...😂😂

[@aok1550]

I understand that Tavi’s first language is Spanish. An i in Spanish you pronounce as a long e in English.

[@bellakrinkle9381]

This Tavi guy is fabulous. I have not seen anyone having his aptitude for a while now. I especially appreciated his comments on conviction. It is something that is only developed with time, experience, and self-knowledge. I have my convictions, too, in other areas of interest. ❤❤

[@farmermatt629]

Government can’t stop spending or it all collapses… problem is if they stop it all collapses… and any less than a perfect balance there will be pain … doesn’t look good for the dollar

[@bellakrinkle9381]

Boom then, Crash!

[@JayWeb3]

Study the history of central banks, the families behind them and global currency life cycles. Everything thats going on currently, is by design.

[@ddawson8069]

Nice job Jeremy. Your interview skills are excellent!

[@NWCRYPTOADVISOR]

Great interview

[@Bianca-bb6tt]

It's time for Gold and Miner's

[@CK-ie4hp]

This guys is good

[@brentirwin1386]

Great interview!

[@JavaJunkie009]

Jamie Demon 👹

[@AliCousins-uu8xm]

Probably right...lol

[@fabioemanuelfarago2683]

Great talk!

[@murdochz]

Jamie Dimon ❌ Jamie Deamon ✅

[@MrRyan83]

who cares he is a twit and enemy to the people, name him whatever you want.

[@ChuchinFlores-oo4eo]

To the moon with Eledator!

[@Radio280]

He is a great guest..bravo 👍

[@nyquil762]

This guy was great.

[@ampovpodcast1624]

Hard times on the horizon

[@aok1550]

There has been much chatter about the pronunciation of “Jamie Dimon”. Tavi’s first language is Portuguese. In both Spanish & Portuguese an i is pronounced as a long e sound in English. I think Tavi’s English is excellent. Jamie Dimon’s family came from Greece, incidentally. Wonder how the Greeks pronounce the surname Dimon? Enjoyed the interview. Thank you.

[@jp92382]

FED already said they were gonna cut rate of QT in half... FED isnt fighting inflation. only reason FED is keeping interest rates high is because they are waiting for ECB and other central banks to cut first. FED needs to keep the US Dollar strongest of all fiat currencies. that's it.

[@stephenpaul4258]

We have to stop talking about the fed and rates etc.... it makes NO difference now.

[@paulozimek276]

Agree.

[@dennisniemier3024]

Good information here ! FJB 💕😺😺 Thank you !

[@gwills9337]

5:19. People demanding inflation adjusted wages IIS NOT INFLATIONARY. Get it right and stop punching down.

[@E_incognito]

Love is in the air!

[@Mike-pl1el]

They've lost control 😢

[@kurgin]

Tavi says hard landing, Jim Bianco says no landing, both are super credible guys….what the heck

[@johnchevalier290]

I absolutely love how he says Jamie dimon's name lol

[@chriskonecny5894]

Conviction comment spot on

[@whdndrn]

US Dollar gets weak relative to which cureency in the next 2 years?

[@anupamsircar111]

The issue is "weak dollar" and not "weak dollar relative to other currencies" because all currencies are fiat. The dollar has got into a weak position because of "sanctions," "freezing," and "seizing" of US treasuries held by so-called enemy nations. This has resulted in the erosion of trust in the dollar. As such, non-US central banks are selling their dollar holdings and buying gold and silver. This means that the US will be flooded with dollars, leading to hyperinflation in the US. The only way out is for the US to act responsibly and sell whatever assets it can to repay the debt and not just print more money. It will be painful but it will be worth it because the US can retain its sovereignty this way.

[@paulmorris7735]

gold

[@tiger_would4419]

@@anupamsircar111central banks are not buying silver, only gold

[@anupamsircar111]

@@tiger_would4419 Thanks. I stand corrected.

[@domesticengineerlifecoach6938]

Sir!... That happened a REAL long time ago!

[@E_incognito]

Did he just say Jamie demond? Who does that ?

[@ddawson8069]

Yeah dude really creative eh? Totally appropriate.

[@dave9547]

Its more accurate to call him demon.

[@MA-is5hh]

This could have been a 5 minute video

[@EthanMiller1]

It doesn’t resemble the seventies as much as it does the twenties. Asset prices skyrocket and currencies devalue.

[@mephik]

Jack rates higher. Obviously too much loose cash sloshing around still.

[@beebob1279]

The IMF has warned the U.S. to curb its spending.

[@granthickey569]

Nice..."crime"... "I mean climb."

[@ILLUMINATOR49]

Consider the “nationalizing mining “and impact on associated risks in ALL government jurisdictions

[@BoldHorizon..]

Why don't you bring Gary Savage on your show sometime.

[@aaronb8698]

Every one of these pod cast parrots power words like, high rates for longer de globalization and hard assets the feds a pozi and the government is gone insane spending spree, it would be nice to hear more stock picks on individual companies and specific undervaluations related to shortages to uncover and reveal or discover new companies to support a smarter diversified portfolio. Kitco is a great show over all.

[@kaznika6584]

Lobo Tigre has a good service for this called My Take.

[@helenkessler6012]

Its just too stupid for words, the fact that theres ppl out there say'n the Constitution no longer matters. That smarts.

[@northstar1060]

interest rates are high yet we still have inflation ...maybe raising interest rates is the wrong solution or non solution to the inflation issue

[@MilitarySocialpeacekeeping]

I'm favoured, $70k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.

[@anupamsircar111]

God bless you!!!

[@ddawson8069]

May the Sovereign God of the Universe show you a little humility dude.

[@CharleneSmith-we9vh]

Stop with your BS to lure people into “investing” with predators. I’ve seen your lies on several podcasts, which always change in growth.

[@srg6532]

South America and Latin America has the big continental plates down thru there that is full of silver and other very important metals. I would think that if these countries can politically get there ducks in a row that they should do quite well on a currency basis, mining, and possibly manufacturing. The drug issues and communist leaning would have to come under control.

[@too2ez]

Where is that other host?

[@lkabong5529]

Do you mean that one guy?

[@kimberiysmarketstrategy]

I agree. JME DEMON 😂

[@donnagiamo1158]

Smart and hot enough for Hollywood😂

[@hexadecimal5236]

BUY THE DIP!!!

[@personaltravelandexplorati9627]

Tell the kid we don't need his free ideas

[@helenkessler6012]

Sellin' it isn't he.

[@un-confiscate-able-money]

gold: - Price in 2009: $650 per ounce - Price in 2023: $2034 per ounce - Gain: Approximately 212% Bitcoin: - Price in 2009: around $0.30 per coin - Price in 2023: $57,000 per coin - Gain: Over 19 million percent Conclusion: Bitcoin continues to significantly outperform gold

[@davebrewer7170]

So who is this Jamie “Deee Mon” that you are talking about ? Do you mean Jamie “Diamond” spelt as Dimon? Hard to take a financial podcast seriously when they announce a discussion about Jamie “Deee Mon”

[@helenkessler6012]

Dimon, Jamie Dimon. I remember him from Citigroup.

[@davebrewer7170]

@@helenkessler6012 but that Citigroup dude was never Jamie “deeeeee Mon”. Pronounce as Jamie diamond

[@JeremySzafron-el6po]

Hi! That was my bad. Too many coffees and I got excited. I should have acknowledged it. Have a great week!

[@angusbull9685]

@@JeremySzafron-el6po I reckon you had it about right!

[@stephenpaul4258]

Stop being ridiculous

[@ytpremium-lm4gg]

Najebali ste naljutili ste Boga

[@WilliamRNicholsonLST-1195]

Narrator could have used usual pronunciation of Jamie Dimons name. Everyone else says Jamie Diamond , try using traditional pronunciation and I guarantee Jamie won't send the Bird of Paradise to fly up your nose ............ Nick , NavyBlueSmoke , LST-1195

[@franklindner8259]

Dimon is the problem

[@orirosengarten2572]

Another doom and gloom bug...

[@nick-oi1xf]

Where's Michelle????

[@ytpremium-lm4gg]

Kupujem sav cripto bitcoin placam 70.000€ po novcicu

[@billyholiday4947]

Blah blah blahs blah !

[@dantholen329]

Jamie Dei-mon. Moved along. Kitco is becoming trash

[@un-confiscate-able-money]

Gold is easily manipulated, as there is no way to verify if for example China buying a lot of gold is real or not. On the other hand, Bitcoin purchases can be tracked and verified, making it far less vulnerable to manipulation.

[@dariusaraya1296]

I dont know what your talking about,,,? Gold is not moving up but frozen

[@ddawson8069]

Gold is consolidating and is very healthy for the next move up.

[@paulkieffer1189]

Bitcoin gonna rip so hard.