Banks Will Need Bailouts Like 2008! Bubba Horwitz on the New Loan Scam + Gold $6,000
Summary
Daniela Komane interviews veteran trader Todd "Baba" Horwitz, who warns of an imminent housing crash driven by risky lending and high defaults. Horwitz predicts the Fed will hike rates, potentially triggering a recession, and advises buying physical gold with a long-term target of $6,000. He also critiques the AI boom’s inflationary impact and government overspending, urging listeners to prepare for economic instability.
Topics discussed
Intro: Todd Baba Horwitz on housing crash and gold
Gold market update and $6,000 price target
Fed rate hikes and the necessity of tightening
AI stock bubble risks and energy costs
Housing crisis, no-down-payment loans, and unemployment
Mortgage rates and the cost of living squeeze
Canadian economy, oil glut, and high gas prices
National debt, government overreach, and AI subsidies
Historical wage stagnation and Federal Reserve impact
Financial reset fears and government spending waste
Conclusion: Owning physical gold and silver
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