As the US national debt hit a new milestone and surpassed $30 trillion for the first time on record, this episode of ODEON CAPITAL CONVERSATIONS examines the extraordinary challenges facing one of the world’s most powerful institutions, the US Federal Reserve. Dick Bove, chief financial strategist at Odeon Capital Group, identifies the US money supply as a source of what is going wrong. Bove says the Fed is missing the mark: It is not measuring and calculating the money supply. Meanwhile, the national debt keeps surging, fueled by massive social spending, partly in response to Covid-19 relief measures. The national debt has risen a jaw-dropping $7 trillion since the end of 2019. This episode takes a broad look at what is happening, starting with the money in our economy, from the greenback to bitcoin, as our Odeon Capital Conversations trio pursue the deadly forces driving inflation. Are we headed to the double-digit inflation of the 1970s or reminiscent of the Weimer Republic? This episode will take a look at the potential for this disaster and much more.

