Summary

Private Sector's Balance Sheet and Aggregate Demand

• The asset side of the private sector's balance sheet will impact aggregate demand; resulting in demand destruction.
• Middle East sees US as an untrustworthy partner and is looking for a Plan B.
• Trade deficit with US puts the Middle East in a precarious position.

Chris McIntosh's Opinion on Commodities and the Current Macro Market

• Believes that the current market is in a commodity super cycle, but warns of risks.
• Predicts a recession in 2023, which will impact commodity prices.
• The Fed coming into backstop deposits in the big five banks is a sign of weaponizing the dollar; businesses should allocate more money towards them.

Conclusion

• It is important to build a diversified portfolio of deep-value assets.
• Geopolitical conflict is usually very bullish for commodities and energy.
• The monetary crisis is likely to be bullish for monetary metals.
• Geopolitical tensions are creating a shift of capital globally.
• Learn from Chris MacIntosh and George Gammon inside Rebel Capitalist Pro.