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Josh Sigurdson talks with Rana Vig, CEO of Blue Lagoon Resources as inflation skyrockets and the Federal Reserve claims they expect to raise interest rates several times in 2023, possibly in 2022.
As Mr. Vig points out, they would essentially make themselves insolvent by doing this. But also, it appears as though the Fed sees a large crisis coming which they don't wish to admit to. As we saw between 2008 and 2012, the Federal Reserve dropped interest rates out by about 5.5% in order to mitigate crisis. The only way they can even MITIGATE a crisis going forward is to raise interest rates enough to drop them out, but even in a more bullish year like 2019, interest rates were heading to negative territory.
Meanwhile, countless experts are running from fiat and getting into gold, silver and Bitcoin. There appears to be a significant monetary revolution happening. The question is, when will the boom happen?
Rana Vig also goes into the latest news on Blue Lagoon Resources as they become one of the few companies in August moving towards production.
Stay tuned for more from WAM!
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Video edited by Josh Sigurdson
Featuring:
Josh Sigurdson
Graphics by Bryan Foerster and Josh Sigurdson
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