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The Wiggin Sessions

S4:E2 How will the FED fight Inflation, Recession and A Bank Crisis? with Phillip Patrick

By May 8, 2023May 11th, 2023No Comments

How will the FED fight Inflation, Recession and A Bank Crisis?

S4:E2 Featuring Phillip Patrick

Hosted by Addison Wiggin

Bank runs are largely a psychological phenomenon and the concern is always that contagion starts to spread and things can progress badly very, very quickly from there. So that’s the problem that the government have at the moment, and I think that’s why they’re doing whatever they can at the moment to try and quell fear, bailing out depositors when they have to.

Phillip PatrickBirch Gold Group

Get ready to dig deep into the root causes of the bank crisis of 2023 and why it’s still in its early innings. In this episode of The Wiggin Sessions, we’ll cover a range of important topics, including the Fed rate hike, sticky inflation, and what the next meeting might hold. We’ll also explore the recession that Philip Patrick of Birch Gold Group believes we’re already experiencing and what that could mean for the economy in 2023 and 2024. We’ll discuss:

  • What are the root causes of the bank crisis of 2023, and why is it still in its early innings?
  • How might the Fed rate hike and sticky inflation create a perfect storm for the economy?
  • Why does Philip Patrick of Birch Gold Group believe that we’re already in a recession, and what could that mean for the economy in 2023 and 2024?
  • What are the politics behind the debt ceiling and the debt default debate, and what could their consequences be for the economy?
  • If an impasse is reached on these critical issues, what could it mean for the Fed, the Treasury, and Wall Street, and could they be powerless to avert a new financial crisis?
  • View full transcript »

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Addison Wiggin

Addison Wiggin Addison Wiggin is an American writer, publisher, and filmmaker. He was the founder of Agora Financial and publisher for 18 years. An acclaimed New York Times best-selling author, his books include: Financial Reckoning DayEmpire of DebtThe Demise of the Dollar, and The Little Book of the Shrinking Dollar. Addison is also the writer and executive producer of the documentary I.O.U.S.A., an exposé on the national debt, shortlisted for an Academy Award in 2008. He lives in Baltimore, Maryland with his family. Addison started his latest project, The Wiggin Sessions, powered by The Essential Investor, in March 2020. He films from a homegrown studio in his basement.