U.S. Markets 'Heavily Manipulated': 'We Are Not in a Free & Open Market' - Preston Pysh

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Preston Pysh, co-founder of The Investor’s Podcast Network and advisor to Ego Death Capital, who says that another round of massive money printing is coming in 2024. Pysh warns that the Federal Reserve will be forced to drastically cut rates to support the U.S. economy during an election year. He also explains how Bitcoin fits into all of this and gives his price forecast for 2024.
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00:00 - Intro
02:10 - Macro outlook and predictions
05:27 - The future of interest rates and inflation
09:03 - Bitcoin as a Financial Solution
15:53 - Economic turbulence and deflationary forces
18:22 - Bitcoin's future price and adoption
26:50 - Impact of institutional players and ETFs on Bitcoin
46:42 - The rise of CBDCs, the future of Bitcoin
#kitco #bitcoin #fed #economy #macro
__________________________________________________________________
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[@kitco]

Swan Bitcoin - Swan Bitcoin IRA - Start Saving Now 👉 Swan.com/retire

[@evelynblose9791]

We haven't had free markets in at least 40 yrs.

[@rogerburn5132]

In the last the past 110 years since the Federal Reserve Bank was created 8n 1913

[@huwhitecavebeast1972]

Not since 1913.

[@Lockersss]

It was better then

[@michaeldelsesto2742]

Michelle is the standard in which all journalists should strive for. She's well prepared, she's an intent listener, she lets her guests express their thoughts and she pushes back when she feels its necessary.

[@optionout]

The best, at least in the financial journalism world.

[@bitcoininaminute5008]

Lol, also very biased towards gold. It couldn't be clearer.

[@user-kb1hw2yq2f]

Synthetic society, synthetic dollar, synthetic economy, synthetic "wealth", synthetic "sympathy", synthetic happiness. Its all a house of cards.

[@robwindridge7804]

It’s all fake

[@peterwulff469]

@@robwindridge7804 - except gold.

[@kylewatson5133]

It's almost like if you build a society on extortionism, ie, taxation, Utopia never follows. NAHHH. Just need more extortion.

[@hetman3196]

@@peterwulff469 the rich are scooping up BTC …. It outperformed Gold and will continue to do so.

[@Justinlearns]

​@@peterwulff469except water and dirt. Only 2 things they can't fake

[@sunshineandhappiness6014]

So glad someone is speaking about this!!!!!!!!!! It’s so obvious markets are not trading freely and fairly. 😤

[@darwinmonzingo9738]

the fractional banking system is the biggest ponzi scam in the known universe 😂

[@JohnJohnCrusher]

Nah Bitcoin is bigger

[@coldflu]

Right on Preston. Rooted from a dishonest credit monetary system. There is far too much liquidity today, just never evenly distributed. So more will print and more of it will continue to centralize to the same actors.

[@patrickholland5478]

Love Preston, and fantastic interview as usual, Michelle!

[@jimmyhat3438]

During the pandemic all the big stores and fast food stayed open, small businesses shut down is this an example of a free market?

[@cesuntbanii]

dams straight! that was a crime against small biz

[@Ambassador_Gkar]

It is, according to the sh!t Leftards, in the words of Javier Milei.

[@yorsan2240]

Landlords forced to support tenants housing without compensation

[@johncole3010]

Government mandated shutdowns while big business got the green light and penalties for small businesses just trying to keep food on the table .

[@antfooo]

This Preston guy is a pleasure to listen to. He knows his subject deeply and is carefully humble about it.

[@oakwd4712]

Excellent guest with clear and measured answers and as always great questions from Machelle.

[@kitco]

Thanks for watching

[@judithwake2757]

GREAT INTERVIEW !

[@5280ryan]

Preston killed it. This was awesome.

[@robertthomas5590]

The best interview I seen in a very long time.

[@lindaanderson3698]

Nothing has been normal for years since Blackrock got in hard with gov money.

[@bedakristek1952]

It's OUR MONEY!!

[@paulheydarian1281]

Do you that makes them 'Rock Hard' ?🤔

[@ChancetheCanine]

Manipulation in markets, say it ain’t so!!! 😂😂

[@paulheydarian1281]

🙄🤪😬🤯

[@jbspeaking2760]

Is refreshing to have honesty

[@onlineadvertisingnet]

You mean all markets are rigged? 😱

[@neilforeman]

Imagine my SHOCK!!

[@stachowi]

including crypto (e.g. BTC)...

[@lastnamefirstname2390]

Yes. Unless you can verify the chain and transactions like Bitcoin. It's all fake.

[@JohnJohnCrusher]

I'm shocked. Shocked I tell you.

[@aleyabellydance2]

Lol... Ummm yep 😅😂

[@stanleyrizzo]

great questions Michelle

[@DR-yl5sp]

Michelle, you are by far one of the best financial interviewers out there! You have a brilliant way of flushing out all the pros and cons of each scenario and it’s extremely helpful in understanding the markets. Thank you! 🙏🏼

[@michaelc1063]

Not to mention great eye candy

[@tonequin4562]

Dammmmmm! Preston dropping Truth and Alpha Bombs🤑🤑🤑🤑🤑💪🏽👍🏽

[@72Brundlefly]

We are currently in a depression. The recession was last year. If you can't see that by now, you are blind.

[@paulheydarian1281]

You're so correct. I was so depressed yesterday that I baked & ate my neighbor's dog for Thanksgiving. 🤔🐶🐕😋

[@Christopher-of-Columbus]

Excellent interview 😊

[@MrPatrick1414]

Yep...FEDs 'out of thin air' liquidity is the only thing that's keeping these markets alive. The Markets aren't real and you can see that as economic fundamentals and technical analysis no longer apply to these markets

[@RussCR5187]

Absolutely agree!

[@graemewatson163]

Great interview!

[@jeffs.8970]

Great interview and I love the questions ❤

[@roslyntchakedjian927]

Thank you excellent as always. Good Day.

[@robertgross9580]

I've waited for gold to appreciate so long, they had to switch out the last kinda cute girl for another due to old age.

[@tonyfrattaroli7371]

Best comment I read all day

[@thejcloud]

Fantastic interview on both sides. Great question on CBDCs @ the 43:40 mark with a picture perfect response by The Pysh!

[@multipolarworldtoday]

Pysh is 100% accurate about CBDC. Remember all blockchains are DLT, but not all DLT’s are blockchains

[@js7244]

Great questions and answers!

[@Yo_Kelz]

EXCELLENT interview

[@DjmMik]

Great interview Michelle. Thanks!

[@CaneBTC]

Good piece

[@user-wz8hp2ix9f]

When the markets were ever NOT being manipulated?

[@RussCR5187]

It's a matter of degree.

[@euphoricmonk]

Markets were fairly easy to read until the past couple years. More manipulation than ever before I see it, I feel it.

[@eugenefirebird8938]

During the great depression. Those were the real prices showing their faces.

[@edwardpi9852]

@@euphoricmonk It is not a market or exchange. There is a monopoly hedge funds own 60% to 75% of all S P and some big nasdaq stocks. Even in medium cap stocks they own 40%, not just long a variety of shorts and short squeeze to make 1% a day. If stocks crash biggest hard hit is wall street not main street because no one will ever believe them.

[@red149]

Preston @Kitco ! that's soooo cooool !

[@HellToupe]

Excellent!

[@Fearzero]

He has a tremendous grasp of the obvious.

[@paulheydarian1281]

That's saying something these days, since so many talking heads' salaries depend on them not grasping the obvious.

[@fredericp64]

Great interview ty!

[@naoumhalamoutis1960]

Interesting outlook! Guess we'll have to wait and see.

[@xenofelis]

Michelle has been inviting all the relevant guests to be interviewed one after another. She's THE BEST economy & financial markets news anchor on the internet ever. Love her!!!!!!

[@fairwaycaddy18]

one of my favs , delivering the goods

[@realtruth529]

good show❤

[@douglasthompson9482]

There is no way that markets cannot afford not to be manipulated. Easy reason….many pension funds, other internal and external issues must be kept elevated. At least, they try to. There’s too much money that must be paid out. This is not surprising… I will stick with my gold and silver bullion.

[@jamies3272]

Alas debasement=increased value in real assets. Not rocket science. That's way people who can do math know they have to inflate or lower the deficit. They will not do later do to the pain it would inflict. They would never remain in office. Kick that can baby

[@kevinyam2]

A gold bug missing the next 10 years of Bitcoin appreciation because they are worried about Y2K-esque quantum computing hacks might be the most tragic thing imaginable lol

[@terryroberts623]

Well done

[@majorpayne8373]

Markets are heavily manipulated. No shit, Sherlock.

[@substation996]

I agree manipulated big time. and so i wonder how technical Analysis can be so real.

[@FreeSpeech4All]

Technicals are the fast balls allowed to work over and over... just to set the patsies up for the change-up.

[@RussCR5187]

Technical analysis IS real ... real stupid.

[@user-ps1ft1hy4j]

A lot of it is automated, so will follow and react to predictable patterns in predictable ways.

[@nikolayvladimirov570]

I just love Preston. Down to earth Humbled Smart Nice interview, Michelle. Keep it up

[@robstrickland166]

and wrong, it can't run the world, it can't run a country, it can't run a company, if it's going to hold power it must be accepted by ALL, ALL, by ALL, who trades in bitcoins, only bit coiners, who holds gold EVERYONE!!!!

[@seanmcgrattan1845]

Nice job Preston

[@renatowhoareyou2464]

Preston!❤️

[@KokayMate]

You still have to turn your BTC to Fiat money... makes no sence! It is therefor stil a government controlled thing. You can also devide it to infinity. It is just a reversed way of QE, instead of printing more you devide. Also, you rely on 3rd party tools. Internet and energy. Both could be targeted at a personal level and be shut down in moments. Hard assets is the answere.

[@Alwayslearning426]

Btc can be a hard asset if one can find entrepreneurs selling goods in a btc environment. 😉

[@KokayMate]

@@Alwayslearning426 good luck with that... Hence its volatility it cant function as a currency. The amount of risk in price fluctuation ads another risk to the deal your making. Businesses will not accept and have not the margins for such risks. Look at Venezuela as an example. The country lost its value by 50% in a year.

[@Alwayslearning426]

@@KokayMate Respectfully, your measuring in the reserve currency...fiat! All currencies eventually fail. In an exponential world, where does that leave most people?

[@KokayMate]

@@Alwayslearning426 Be your own central bank. That is why I suggested hard assets to back the currencys with. You can´t print, devide or destroy gold for example. You have to own and hold "it" to be able to create any sort of value.

[@Alwayslearning426]

@@KokayMate I concur! I love hard assets too. The only trouble is that attached to those hard assets is another man controlling the cost of ownership.

[@scottdorsey8220]

It's all simply madness! Period.

[@goobtron]

Love Preston

[@garrybuckley1503]

I think he means world markets are heavily manipulated

[@jeffrummell2348]

Gold and Silver is the same. If you don't have it you don't own it.

[@thierry-le-frippon]

Very True !

[@CarlosLebres]

Preston Is The Man 💥🙌

[@TheOriginalHuckleberry]

Tax is not open market, regulation licensing are not open market.

[@grantroberts4231]

Preston gets it. Michelle doesn’t seem convinced.

[@peterdenham9510]

Great Channel IMO please allocate more time to fear and doubt orientated content & guests so that this will motivate sellers to complete their good work and asset price will be on bargain prices again ?

[@rafaelmelitonrodriguezmigl7509]

Yes. I’m scared. No place to hide. Even metals have unforeseen risk. The available supply of rare earth elements is no longer limited to mining activity on Earth.

[@willrose5424]

Here is a bright idea: instead of IRA's or 401k, give workers shares of ETF's so they can avoid strikes (UAW). Employees make less than they produce over time.

[@regulafrey3333]

It is a natural part of open free markets, that occationally participant try to influence the market.

[@KokayMate]

"In the hands of a strong few"... never a good outcome

[@roberthodgson3574]

Quality interview. Small point that Preston picked up on, a centralised blockchain is a database. Thank you Michelle .

[@masem.2671]

Good ol' Preston "Fish" Pysh 👍

[@philhubb5885]

17:30...but a paper derivtives market is being introduced for btc. As a commodity as well as an optionable etf. By this time next year, it will be as easy to short btc as it is to short PM's right now.

[@terryroberts623]

Michelle you are one of the very best. However, I have a question. Where has Kitco been and are you still with Kitco?

[@gtsaliba]

Didnt really talk about how the market is manipulated other than currency printing m2 supply. We already know that. Any other ideas?

[@rebelagentuk]

Brilliant interviewer, brilliant interviewee!! Thank you both :)

[@TommasoLucaSanna]

Great interview and points Michelle as always!

[@brianw3663]

Only thing is, Japan did it for about 40 years. The game can go even longer with the world reserve currency.

[@mrmrjerich]

Gold is just a rock... not "green" to mine to put in a vault underground. The mental gymnastics required to follow this logic is absurd. I'll take XRP thanks. Perhaps, just survey the minerals in the ground or asteroids and then leave them in the ground and space if not required for manufacturing, then issue their "value" on the xrp ledger?

[@andeglenderson5240]

Never really been free and open markets. Much like democracy. The system was never designed for it.

[@Dark_Embracer]

Looking fine Michelle 😍😘

[@kitco]

Thank you

[@Mark-ef7pi]

Everyone puts focus on the FED without factoring Congress. 40+ years ago Congress began a fiscal regime that revolved around tax cuts for the highest earners to create jobs for the rest - A.K.A. "Trickle down". Those jobs have been created everywhere in the world but the U.S. - Over that time, household debt has doubled, government debt has tripled, as Social entitlements have increased and the FED has had to cut rates steadily over that 40 years to free disposable income and stabilize consumption. He's right about the FED coming to a critical point, and, recalling Paul Ryan's "Path to prosperity" plan a decade ago that would've reduced us to 3rd world status, I highly doubt Congress will defy it's biggest campaign donors to fix this.

[@graceamsterdam5404]

‼️ a cbdc can be designed in such a way that the issuer (Central Banks) can add the number of cbdcs to the ledger system! Comparable to the ‘money printing’ that is being done.

[@RichOmar875]

Since 2008

[@mathiasjuniorpidik8934]

Can someone clarify the AI digital online business? Is it gonna affect with in the banking system? Banking rates is very poor. Please I need more clarification here

[@coryhilleboe6938]

Manipulated is sugar coating it. 😂

[@dadthemanthemyththelegend3348]

32:46 why noy buy an equity that produces coinflow? why leave bitcoin and go back to fiat for fiat flow?

[@philfortner1805]

The encryption used by Bitcoin is already quantum resistant and a small upgrade would make it quantum safe for millennia.

[@kennycarneal6765]

I said that a long time ago, when they were first talking about an ETF, it will take money away from BTC and it will manipulate the market the same way they did with gold.

[@Holt817]

Bit coin is now being traded on the stock exchange. Does that mean there is now going to be lots of derivatives based on Bit Coin? If that is true then bit coin manipulation will be very simple, would it not? Gold and silver manipulation is done this way.

[@user-ps1ft1hy4j]

There already are bitcoin futures out and they have been used already.

[@patrickholland5478]

It's a really good question, but the answer is no. The blockchain is pseudonymous not anonymous, which means it's all visible, and there's no dilution or fakery possible. Certainly a variety of financial products founded on BTC will emerge, but the ability to fudge the holdings of the base asset is practically zero, and that will preclude sleight of hand.

[@JohnJohnCrusher]

Yup. Easy to short and toilet flush

[@huwhitecavebeast1972]

Yup. As soon as there is a ETF it will be manipulated just like gold.

[@huwhitecavebeast1972]

@@patrickholland5478 Nonsense. As soon as an ETF is created the manipulation will begin. There is no dilution or fakery of gold possible, but it is still manipulated. You don't get it, it will be outside of bitcoin. Bitcoin itself will be irrelevant to the effects of manipulation of it, just like gold. In fact the dollar value is currently the benchmark, just like gold. Bitcoin is just a ledger, it isn't even money. It is super digital fiat with a fixed supply.

[@robichard]

This was like a very like interesting like interview despite the like over use of like the word LIKE !

[@markroden9968]

Michelle asks the best questions

[@slayerment]

Preston Pysh 💪💪

[@alcoentertainment1111]

The sound of silence

[@user-gp7yk1ci9l]

I see Preston - I press Like

[@CharlesFosterMalloy]

47:00 CBDC discussion

[@incurableromantic4006]

CBDC is more Orwellian than anything George Orwell ever imagined.

[@johnzoppi8913]

Preston, Why are central banks buying gold?????????? not bitcoin

[@A_francis]

The market has been led by evidence of slower inflation, which has kept stocks high. This has led investors, like myself, to believe that the Fed is done rising rates. As a result, we are searching for the finest investments to add to a $500K portfolio in order to improve performance.

[@kennycarneal6765]

I have a bunch of Core Scientific and they are supposed to come out of bankruptcy in January. They are the biggest sellers and renters of mining equipment in North America. I bought the first shares for a penny and now they are about 14 cents. They have two ticker symbols so I bought both. 😊 The other one is around 43 cents, i believe.

[@word-pictures]

👏👏👏

[@SkywalkerWroc]

Just to be clear: Whether you can or you cannot right your own not makes *zero* difference on if something is a blockchain or not.

[@oddbirds8315]

Perhaps. But CBDCs will never actually be on a blockchain because it makes no sense. Unless it's for decentralisation the slowness of blockchain makes zero sense for a CBDC. However they will use the branding.

[@antcramp]

1:48 Preston Fish 😂 🐠

[@EpicStrategies578]

Hi

[@thinkblue8089]

Pysh vs. Schiff. Set it up Kitco.