Emil Kalinowski, Co-Host of Eurodollar University, joins Jack Farley on Forward guidance to talk about the current economy in which Kalinowski describes as “the silent depression.” Kalinowski and Farley exchange views on whether the Eurodollar system controls the Fed or the other way around.

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(00:00) Introduction

(00:30) The World's Third Depression

(14:25) Recession Trends

(16:08) Reasons For Current State of Depression

(24:25) Banker Greed

(30:28) Bit.com Ad

(31:00) Speculation During A Depression

(34:31) Inflation

(44:23) The Euro Dollar System

(51:20) Lending With the Euro Dollar System

(53:29) Federal Reserve's Role in the Economy

(1:06:19) Emil's Predictions for the Next 6 Months

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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.