Edward Dowd is a former executive at BlackRock.
[He] worked on Wall Street most of his career spanning both the credit markets and equity markets. He cut his teeth early on at HSBC as an institutional fixed income salesperson for 5 years in the 90’s, gaining an understanding of the credit markets, foreign exchange markets, repo markets and fixed income derivatives market. Some of the other firms he’s worked for include Donaldson Lufkin & Jenrette, Independence Investments and most notably at BlackRock as a portfolio manager, where he managed a $14 billion Growth Equity Portfolio for 10 years. It should be noted that at BlackRock, that fund was grown to 14 billion from only 2 billion when he began there, truly putting the “Growth” in the Growth Equity Portfolio.
Edward has a great insight into how the financial markets work, and is able to navigate the fog of information war to a large degree.
As Edward notes, the global economy is on life support and will be inhaling its last breath soon, thanks to the cancer that is debt-based (fiat) money.
And when it does die, the ashes will blow everywhere, following which a new economic paradigm will emerge, including the introduction of Central Bank Digital Currencies (CBDCs), increased mass surveillance, and control of the money distribution.
In our conversation, he touches on
- his background at Wall Street and BlackRock;
- where things started going wrong;
- central banks and their debt death-spiral;
- debt-based money and the dangers of CBDCs;
- “wars” and “pandemics” as a fiscal strategy;
- compound interest as a means to maintain debt;
- the myth of man-made global warming; and
- how to buffer against the inevitable Great Reset.
This is an incredible conversation.
Edward has a superb skill in simplifying sophisticated scenarios, especially in a notoriously obfuscated area like economics (which, I suspect, not even economists understand fully).
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