*"just call for energy boom upon in the US West"* so not in the least a hard thing to do....and in fact the energy boom was effected going on 20 plus Years now #Bakken_Shale still raging away.
The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenback. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...
I squirelled away cash for a rainy day, but with inflation pouring down, it feels more like a leaky bucket. Saving for retirement seems impossible if my money keeps losing value faster than I can earn it.
Financial literacy is so important. We should have it as a mandatory course in school. Luckily we have all these incredible content creators on CZcams teaching what we missed in school.
Experts like Dustin Dwain King provide extensive knowledge and experience, helping clients craft tailored financial strategies to achieve their goals. Recognising the importance of expert guidance is crucial for effective management and risk mitigation.
Financial consultants can help by recommending investments that outpace inflation, such as real estate or certain stocks. A client of mine followed this strategy and saw their savings grow by 15% in just two years, effectively countering inflation.
I switched my reserve fund to BOXX. After the fees it's about equal to a high-yield savings account but you don't pay any tax until you sell, and then it's considered a capital gain and not income. The fund executes box option trades, hence the name. It's technically riskier than a savings account but boxes are as safe it gets when it comes to options.
Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.
@@hunter-bourke21bravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
*Gertrude Margaret Quinto* is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Okay- as someone who has been in SALES for nearly 30 years, I can say that he’s dead wrong on EVERYTHING he just said on sales. DO NOT quit your day job and jump into a sales position. 99% of people are absolutely NOT cut out for sales or commission based jobs. You have to have an entrepreneurial mindset to get into sales & be willing to spend years building your base & skills depending on what type of sales you’re in. It’s a brutal, cut throat industry & the uncertainty just isn’t for everyone. I love it. I’ve had companies competing to hire me since I was 18, & I would still caution against it. We’ve seen EVERY industry cut their spending by 1/2 this year. That cuts your paycheck by 1/2, too. It eliminates younger reps who can’t ride it out. It is NOT a get rich quick scheme & anyone who has done it for decades will tell you that. This guy is just spewing advice on something he is theorizing about, which is extremely irresponsible.
I don't think he implied it was for everyone nor that it wasn't cutthroat, nor that it is a get rich quick scheme. I took his advice as, if you want a job that most resistant to inflation and always in demand, it would be a sales position. I didn't hear him say that it wouldn't require hard work and skill. Simply that it carries the highest potential. Usually things that have a large potential, carry a lot of risk as well.
@@GeoRandelI hear you. Perhaps I just took it that way, but it’s still not resistant to inflation. As I said in another comment, we’ve seen every industry cut their budgets by 1/2 this year. Working on commission, that means that your paycheck is cut by 1/2, too. I know a ton of sales people in various industries that are really hurting right now. The point is that on the topic of sales, he obviously doesn’t work in the industry and is just hypothesizing. Someone could take his advice at face value and really suffer if they don’t do their research carefully. I’ve seen channels like this tell people that they can start an advertising agency with zero experience and place google ads & they’re also dead wrong. It takes a lot of experience and education to work effectively in the industry. Again, foolish & irresponsible advice to give…especially when you don’t work in the industry that you’re telling people about.
True, but that's why most people don't make it in sales. When salesment get too numerous only the best salesmen survive, and the rest go find honest work.
I was a self employed commercial fisherman and you can look me straight in the eyes and you’ll understand what it means to be a man! I’m a genuine tough guy, not a bully! ⛑️
Yeah, if they would have invested in something useful, like sea ports, railroads, fiber optic cable, solar power, wind power, or anything that could boost GDP but instead they literally gave it to foreign countries for destruction of infrastructure in a country that does nothing for Americans. Mind blowing stupidity.
Its VERY important to consider that WW 2 was a massive spending binge, not unlike Covid, but that came to a hard end, we KNEW it had, in fact, ended, and taxes stayed high, so debt was also being paid back, while inflation ran hot, so there was still faith in government at that time, that government was doing the right things, even if the war bonds were being melted away by inflation. What is coming here looks a LOT different, since that hard end of spending does not seem to be on the horizon, and I guaranty that Biden's HUGE tax increases will not raise much money, if he even stays in office long enough to put them into law. Looking at the debt's recent history over the last 2 years, it stabilized, as inflation ate away at it, but it didn't really come down much, and now that the interest rates are higher, I don't think the debt will come down any more, unless something really weird happens, and I don't think people will choose to hold government debt much longer, once they realize this goose is cooked.
Not for the US stock markets it seems. At the moment there's no such thing as economic bad news for them. Every cloud has a huge silver lining. Interesting to see how long this madness can prevail.
@@p_sg3449 When compound interest overtakes our ability to service the debt and we default on an interest payment, what do you think the market reaction will be? And if we fail on one payment, how will be pay the next month's bill? The 1930's will seem like a picnic at that point.
@@p_sg3449 When compound interest overtakes our ability to service the debt and the govt defaults on an interest payment, what will be the reaction of the market? And if we fail on one, how do we make the next month's payment? This is when the 1930's will seem like a picnic in the park. That day is fast approaching.
Yikes! Roughly 1/4 of our total taxed income going just to Government debt next year. Sloppy poppy! Aside from everything he mentioned, the taxes will be crushing as well. Watch for changes in IRA's coming soon!
Inflation! Recession! Crash! It’s getting depressing. I have about $100k in emergency fund and I have been seeing good news about the stock market and would like to gain from that since I can’t let my savings be corroded by inflation. What stocks should I into as a newbie to safely grow my money.
Its best if you buy growth/blue-chip/large caps stocks only. Also, as a newbie its advisable you work with an investment advisor to help set up a well-structured portfolio.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.
I'm pleased I found this conversation. If you're comfortable with it, could you share how I can get in touch with the advisor you rely on for your investments?
My CFA ’’ Vivian Carol Gioia, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..!
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
In 1945 there wasn't a competitor waiting in the wings to challenge the dollar (BRICS) and most of our wealth generation came from manufacturing instead of moving various forms of paper around. Comparing today to the circumstances of the mid 1940s is a seriously flawed perspective.
@@acethirsk9281 It doesn't have to replace it. It just has to take a good chunk of USD's use as a trade currency. A big mistake people make is thinking that USD's status as "reserve currency" replaced The British Pound's status (which itself replaced the French Franc, which replaced the Spanish Peso, etc... going back centuries, to the birth of global trade). All of those currencies were predominant in one era or another, yes, but none of them *ever* had anything close to the role that the Dollar has had since 1944. The Dollar's share dwarves them all; even in their hey days. The fact that one single currency has had a virtual monopoly on "reserve status" is a huge anomaly. For 90% of the history where there even has been a "reserve currency", said currency only enjoyed a plurality of the share of use. That's what's normal. So a currency like the BRICS doesn't need to replace USD in order to seriously harm America's standard of living. It just needs to significantly compete with it.
correct but there are deeper implications here that maybe you cannot see. when any topic pops up about worldly affairs, we always refer to the late 30s and 40s. this is because the usa is a twin of what was happening in weimar germany. their extreme degeneracy and monetary problems were essentially flushed down the toilet when mean mr. mustache man took helm and the country flourished. we all know democracy is a sham and we deep down want a savior to swoop down and fix this mess. inch by inch, we are manifesting a dictator that will gut this system..
Not gonna happen the way it did in post WW2. After WW2, the USA had a virtual global monopoly of world industrial output for several decades. That made it much easier to grow our way out of the problem. That’s just not where the country is today. Sure, high inflation will be part of the current formula just it will be stagflation. Ugly times ahead.
Its aggravating this video uses World War 2 as an example on a chart but he acts like he's never even heard of Marshall Plan, or that we still didn't have a interstate highway system 10 years after World War 2 ended.
@@longkesh1971analysts go by previous historical Trends because that's how they analyze, it's what they have to draw from. Politicians go by what people did before them because they're not bright enough to figure out a solution outside of the box. He's completely correct in the fact that this is exactly what the government will do because it worked before. Most of us are just skeptical that it will work this time
You can’t use the 1940 s as an example. Back then we had a young productive work force. Today we have an old population and young people who don’t or won’t work hard. Plus we lost manufacturing.
@@andyl2895 Until AI replaces you in 2 years. And trust me, it's coming. AI has now all but killed the graphic design industry, it's about to kill the music industry, and coding is next. I wouldn't have believed it had I not created a bunch of songs of my favorite genre using AI and have it sound like it was done by a professional band. And the scary thing is this AI is just starting out.
Reinvesting into manufacturing is the single best policy the US can implement. 1. No reliance on other countries 2. Jobs 3. Relocation out of overcrowded states back to midwest (fix housing market)
It's thermodynamically impossible to get out of debt without having someone pay. Inflation is a tax. The worst form of taxation because it disrupts market pricing.
The worst part is there’s more debt than money in existence so even if all the money was passed around to pay everyone off someone is going to lose out It’s literally a game of musical chairs
I don't see how thermodynamics has anything to do with economics (completely unrelated fields). You are correct in that its a invisible tax, and the implications of it disrupting market pricing are that life sustaining goods get priced out and there is no profit to be made in producing foods, black markets will develop because regulation prevents open markets (under the guise of food gouging laws). This has historically happened a few times, and are often cited as things contributing to great events like revolutionary wars, because no matter how much you work, you can't get sufficient food in exchange for it, and that is intolerable. Intolerable acts were documented at this countries founding. Unfortunately, the people who made the mistakes aren't the people paying for them, and corruption is inherent and rampant from a structural point of view as well. You get parasites bleeding off funds to feed their habit and enrich themselves, and you have your police force target the population protesting it greatly increasing the risks for violence (basic economics, if you raise the cost of risks associated with living, the cost gets paid reciprocally in violence when you can't live by any other means). Needless to say, this is very dangerous territory because when food systems go, everything goes, you can't maintain order or a functioning military. Support systems like welfare (food stamps) are supposed to help this but those system's have been so scaled back and are brittle to the point where they no longer function. As an example, they don't re-evaluate their aid prices so you end up getting a good solid 60-70% of the population who can't afford food no matter how much they work, and things cascade from there. Currently a months worth of food stamp aid exchanges for 1.5 weeks of food, assuming no spoilage, and no nutritional value. We aren't far off from devastating consequences because stupid politician's who are addled in their old age didn't do their jobs correctly. There's a familiar saying... When you play stupid games, you win stupid prizes. I sure hope they get their act together. You can't inflate debt away someone always pays, this situation is 40-50+ years in the making and logically follow natural consequences that any sane rational person could predict.
@@keithpalmer4547 That's a fallacy, not a fact. Just because enough people say it doesn't make it true. By contradiction, boundary conditions exist at which point the economic cycle stalls and fails, and that has happened historically (Ray Dalio/Bridgewater Report Big Debt Crises aggregates this nicely). Try taking those blinders off and do some study.
*Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $12,000 and got my payout of m $270,500 every months,God bless Christy Fiore🇺🇸🇺🇸🇺🇸..*
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.
Inflation hits people a lot harder than a crashing stock as it directly affects people's cost of living. Everybody immediately feels the impact. It's not surprising negative market sentiment is so high now.
Opting for a Fin- manager is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 45% since Q1.
The decision on when to pick one & who to work with , is a very personal one. I take guidance from Sharon Ann Meny to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
Don't go into sales. Learn a trade that provides something people consider vital, then you can name your price and as inflation increases your price can just go up. People may be able to put off buying a new car if the economy is bad, but when their toilet is backed up and flooding the house they'll find a way to pay somebody to fix it.
@@ThePeacemaker848 Are you gonna fix pipes in your walls? Rewire your circuit breaker? Repair the condenser coil on your AC unit? I guarantee most people in my generation (millennials) and younger can't do that stuff. Half of them can't even change the oil on their car...
It's a wealth transfer system. People who borrow are being given money at very low rates while inflation rises, moving money from the population to businesses (which use debt and whose owners and executives grow their wealth with debt, and by which means they also avoid taxes and are sheltered from inflation by having so much effective income). It's also very effective at reducing real wages, which coincidentally disempowers the general population while reinforcing entrenched wealth. The takeaway is that those who own appreciating assets will at the very least be insulated from this wealth transfer while those who rely on income via work will bear most of the burden of the cycle.
Yep! And when most people spend all of their money on basic necessities, all the other non essential stuff will be not purchased. Then those businesses will go under. Vicious cycle.
Stagflation dude, stagflation is coming. That's how the 80s went. And it required the destruction of gold standard and US workers lost their job protection forever. Who knows what'll happen now.
@@aniksamiurrahman6365 yep the Devil is in the details and the detail now is that there may be a literal devil, evil people, that is more widespread than we see even now. It is going to be a rocky road. Buckle up folks.Most of us have no income to spend on the metals they keep telling us all to buy, that ship sailed years ago for 75% of us.
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you.... prevent inflation,
A lot of people still make massive profit from the stock market,all you really need is a relevant information and some professional advice..it's totally inappropriate for investors to hang on while suffering from dip during significant market falls
Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.
The difference though is that all of our manufacturing and jobs were here in the 1940s. That’s not the case anymore, this could turn out that the rich hyper elite don’t want to spend the money and we get stuck. Not saying that’s what will happened but we’ve also seen that companies don’t care about their workers
Taxes are a means of control through uniformed consent. If you don't live in the District of Columbia where the US is located, then you're not liable. But, even with clear, federally recorded evidence of this, people are brainwashed and will still go to great lengths to give away their income. Thats CONTROL
The interest (6%) paid yearly to the FED on the national debt is taken directly from income tax revenues. It is paid with/from the time, blood, sweat,and tears of the population.they want something neat tangable in payment.
The evil, ubiquitous "they." "They" have always been around, "they" always will be. A lot of people have spent a lot of time & energy worrying about "they."
To me the best play seems to be something like owning a home/property that is self-sufficient. Buy high quality appliances. Solar panels. Generators. A reverse osmosis system. What's the point of being paper rich if you can't live comfortably? Also, take care of your health. I am not saying ignore the financial system entirely. No, play their stupid game... just make sure you don't have to depend on it.
This is the sensible approach. I've seen a cup of coffee in Argentina go from 2 pesos to 2 thousand. With high inflation, money is better spent than saved. You can also hedge your liquid assets with other currencies.
The worst part of inflation is the fact that the tax or cost is not spread equally. Some occupations and industries have the ability to demand higher prices; thus rendering higher income and or profits. Other occupations and industries have just enough pricing power to at least equal the inflation; while the vast majority lose purchasing power each and every year. Usually this is when the rich get richer and the poor get poorer. For this to happen when the top 1% already own 90% of the wealth in this country, means massive social unrest on an unheard of scale is on the horizon. Now this will either translate into major beneficial changes or the most likely; meaning much greater and intensive Government Suppression.
Unless taxes go back up to say Clinton (1990s) years levels or higher (even Reagan levels...maybe even Carter/Ford levels). Then the wealthy will get the hit.
Keynesians are famous for seeing deflation for all of the Great Depression and concluding that deflation is bad, but they're not so famous for seeing all of the inflation in the Post-War Era that you talk about here, and concluding that inflation is good. The late-1940's, 1950's, and 1960's was a prosperous time in the United States, despite the government inflating the debt away. How? It wasn't because the government inflated the debt away (Keynesians think that the prevented another Great Depression-style debt implosion). It was because America was (and at the time deserved to be) the global reserve currency. The Dollar was backed by (promises of) gold redemption, so a lot lot of those Dollars went overseas. This allowed the average Joe to get ahead in life anyway. Consumer prices stayed affordable. The only price that rose was interest rates, but there wasn't a lot of corporate nor consumer debt back then, so that didn't really matter much either. All of this to say that yes: the Keynesians who run everything now absolutely will turn to inflation to try to fix today's debt problem. They've been "taught" by the 1940's that that's the solution - and they're completely oblivious to the fact that unlike back then, today foreigners aren't going to absorb all of our inflation for us.
USA was prosperous the time after WW2 just because of all the reparations paid and the USA being pretty much the only functioning manufacturing economy left in the world. That was the sweet gravy train they had. Inflation was in my opinion biproduct of the strong economy. The dollar was reserve currency just because of the strong economy and military, and now economy is no near as strong compared to the rest of the world, and the military - well they need money to be strong.
How could they be “oblivious” to foreigners not buying? Are you telling me “they don’t know” the BRICS nations are Selling their Bonds and not buying more ?
@GrantDWilliams have you read Rallo's refutation of Keynes? Looks pretty solid, albeit its not been translated yet (only in Spanish). Keynes was a socialist, and most people don't realize what that means or entails (contextually). At that time most people came from a generation of hyper-rationalists, and many of them saw Keynes as fundamentally flawed (just like Socialism, it fails in subtle but indirect ways, and it always fails given sufficient time its fundamentally unstable). They didn't think he'd be paid attention to. Like any socialist, when you can't make it work rationally (they don't use logic or rational thinking), they push plausible convincing lies under magical thinking; its often indirect enough to waste enough of your time and intelligence that few people will bother to address every spurious claim they bring up. They'll always come up with more, and that is the way of the liar which people seem to have forgotten. You don't pay attention to liars unless you want some form of destruction or loss to befall you or those you care about; it is that simple. Various system's including the legal system had subtle changes made to them ensure deflation will result in the complete halt of production of goods. There are a lot of changes where the insider threat is real, and the only reason everything is failing today is because they burnt the bridges moving forward (making it so you can't roll things back). There's a lot of work done by the Fabian's between the 1880s and the 1970s where they got everything they wanted, and the generation of children who grew up are now finding they were born into a deceitful and malicious form of slavery and told lies from before they could tell a lie. Wage slavery is still slavery. Ponzi naturally has three stages like the standard S adoption curve in business. You have the first stage where everything seems to be going so well. Growth is massive, profits and benefits are massive, that was 1950s-1970s. Then it slows down, things are changed and you have the next leg which is the 1970s-1990s. Then you have the final leg where real production has diminishing returns, and the loans taken out upfront can't be paid back fast enough. This is the zombie/living dead stage. The boomer generation has maintained a front-of-line blocking on political power since they took majority of office in 1990s, they should have ceded that majority to other generations in 2010 but they've made changes to prevent that. We have a similar situation to what Thomas Paine described in his Rights of Man as dead men ruling, and until they die of old age there isn't much we can do to mobilize the appropriate resources to fix problems, and they've ensured through poor education that the problems can't be fixed easily without massive disruption. When the cost of work traded for a single person no longer provides base necessities for a family of 3 children and two adults, birth rates will naturally decline, there is a narrow window of time period to fix this because women can't have children without extremely high mortality after they hit mid 30s. Its a biological wall. Its 3 children because that guarantees at least one lives to have children themselves. This was the known as far back as 1776 (Adam Smith wrote about it). It is the fundamental lower bound for work wages, but fiat and ponzi let you ignore this for longer than the wall. Then you get de-population and ecological overshoot reversion. It becomes a self-sustaining cycle if ignored, and it has been ignored.
@@ivandenkov7446 That's incorrect. WW2 left a vacuum for industry and business during the rebuilding period. Reparations had little impact. The dollar was accepted as the reserve currency when the stirling pound faltered in the post war years, mostly because of poor economic and monetary policy. Its not about money being strong, its about money being sound. There are three elements that must hold true for money to be sound. Those elements are, stable store of value, unit of account, and medium of exchange (that's acceptable to both parties). Inflationary monetary policy is fundamentally unsound, chaotic, and violates the first primary element.
You have 7% deficit and 2% GDP growth and 3.5% inflation. How are you going to grow out of debt or inflate the debt away when the debt is growing much faster than growth or inflation? Impossible. In the 50, 60 and 70 GDP was growing much faster than US debt. That's the deference.
@@chriscleland7008 They will boost nominal gdp, they don’t need to boost real gdp. Nominal gdp can be boosted through inflation (govt spending) Watch Russel Napier, he talks about this
Except the last time we went to this debt to gdp ratio we solved all kinds of problems and sparked innovations that continue to pay dividends. This time we have used all this $ to make boomers fat and rich while shipping job overseas, letting the bridges fall down and everyone under 40 is living in their parents basement while they smoke weed, play video games and work 15 hours a week at Ralph’s. The marriage and birth rates are cratering daily. This doesn’t end well for most people.
Right. But life doesn't end well for any person. The first and last things to ever worry about are having and raising the babies. The (fertile) poor, in the end, inherit the earth because nobody else is left. Meanwhile, we need to get back to fundamentals and grow our skill sets to enhance our individual food and water supplies.
I dare say that the invention of the smart phone has generated more wealth than the moon program did. How did Apple end up with nearly a trillion in cash? And didn't their investors get rich too?
@@19Borneo67 the smart phone didn’t come from no where. And I suppose it depends what you’re measuring. If you’re measuring out of wedlock births, family formations, marriages and birth rates, those are at all time highs, lows lows and lows respectively in just about every country. And people are drinking more than ever and taking more psychotropic drugs than ever, so they don’t seem more content. Medicare Medicaid and SS all time highs, debt all time highs, those things are not paying for cell phone development. And if they were… if “priming the pump” worked then why the record debt? Why don’t tax receipts just explode? From all the cell phones and TikTok’s? Cuz what most people do with cell phone is useless. Video games, social media while they sit on their asses smoking weed and getting fat. Doesn’t Facebook publish in their quarterlies “hours used on Facebook”? That’s billions of hours annually. Making life better? For my share prices thankfully yes.
More importantly, sanctity of petrodollar is broken as Saudi Arabia trade oil in other currencies now So there is really not much longer stopping anyone who don't like deal with US to jump off the dollar system (that allow US to overspend in the first place) and US cant negotiate so its not hard for it to lose other allies as it lost Saudi Arabia and most of South America
I work at poor people bank. I am shocked by how much cash social security is putting into the system. This is probably the core cause of inflation since non of these people are producing more than they are consuming. Not saying anything bad about them. They are nice people like most are. Just saying that is the ultimate cause of inflation. The fed actions don't matter nearly as much as people think because they are just providing oil to the machine. Inflation comes when you put more money to consume into hands that aren't producing. They can't inflate the debt away because its the debt of social security that is causing the inflation in the first place. Workers are just losing buying power to the old and disabled. And people pretend this isn't communism.
some other fun stories from the bank. I saw a guy take a 6k loan for 31% interest. We wouldn't charge that much but considering his account history he didn't even qualify for our loans and again this is a poor people bank. So sub prime is above 30% now. That is pretty crazy.
Sales is not for everyone. In fact sales is not for most people. Focus on an in demand field or skill. Also large profitable companies also pay very good annual bonuses which can be used to wipe debt pretty quickly. I have seen very average data analyst make very good livings.
no one can run away from the debt, not even the US gov. Someone will have to pay. If not the gov and current generation, it will be the next one. the debt must always be paid.
The USA could technically inflate the debt away- but not practically. In order to inflate the debt away in any meaningful way the USA would need hot inflation for years if not decades.... But the inflation rate and bond yields are ***correlated***.... Who TF is going to loan the Government money at 3% if inflation is 6%? The FED could through QE but they'd quickly find themselves the exclusive buyer of UST's and 10%+ inflation in short order as they pump trillions of new dollars into the economy to buy government debt at the same time former bond investors looking for real yield put massive upwards pressure on equites, commodities or anything thats not bolted down. Inflating the debt way is an absurd pipe dream that would spiral into hyperinflation.
The government IS finding themselves more and more The Only Buyers of treasuries…. Ex…, BRICS nations Dissolving their holdings and Not Buying more It’s the beginning of The End of our dollar
This only works if the real interest rate is negative (the interest rate of the debt is lower than the rate of inflation), which is an unusual economic condition to find (and not the case now). Bond purchasers demand a real return after all.
1) Increase your income (wow, who would've thought, genius plan) 2) Start a business (good luck, the government made it impossible) 3) Use FRD to buy assets that pay for debt (putting the cart before the horse again, are we?) 4) Get wealth outside the system (the average person can't even pay their bills anymore, be realistic)
He didn't make up any of that advice. Everybody reaches those conclusions. They're the only ideas around that may help the few with the competence to follow them. Are normal people, facing severe inflation and lean times, likely to need to resort to other solutions? Yes, and they are small and bullet-shaped. While we can, our only mitigation is to begin to build off-grid redundancies into the economy ("parallel economies") from the ground up to try to safety-net each other later. It starts with a garden and a home repair book.
The belief that the Federal Reserve would stop raising interest rates was the driving force behind the entire economic chaos. What should we do now that we have a situation where interest rates are crashing? At this point, how would you suggest that I safely allocate $300k?
Although the market is currently volatile, aren't the current valuations a result of the Federal Reserve's monetary policy and low interest rates? Therefore, my recommendation is that you consult a financial advisor who can give you entry and exit points for the shares that you are interested in.
I still can’t see how this whole picture works when people become totally broke, unemployment will be very high and the economy will be completely broken meaning no tax revenue
Because it doesn’t - why not just print all the money we need from taxes each year? That’s what would happen and lead to hyperinflation which is where we are kinda headed rn unless we drastically cut government spending
The graph of the debt spike from the "event" is absolutely WILD. Especially when you compare it to the last actual recession in 2008. How they justify the indefinite increase in spending is beyond logic.
Two things come to mind immediately that could drastically affect whether the "history repeating " scenario actually plays-out: 1) the extent that companies successfully implement AI and decimate headcount 2) whether CBDC's are eventually adopted by the US and used to "reset" the value of its currency somehow
Your explanations and visuals are crystal clear. These videos should be required viewing by all elected and appointed government officials. Most of them appear to not have this knowledge.
We run massive trade deficits. We are an import-dependent nation. If The Federal Reserve monetizes $30 or $40 trillion, there will be shortages in everything. Having The Fed print $40 trillion so that Capitol Hill can back it's current outstanding balance will do what? It will cause a massive taking of American assets by the foreigners who just got paid back. And at that degree of debt monetization, it won't just be things like real estate or passenger jets or cargo ships full of corn. It will be a huge chunk of whatever's sitting around in warehouses at the moment waiting to put on the big box stores' shelves. So yeah, you could get a sales job, but if there's less to sell, how are you gonna increase your income? Even if you're an above-average salesperson, and you do increase your income anyway.... what good is it to keep up with inflation if you can't buy everything that you need? Being able to afford a new car doesn't really mean anything if there isn't actually one on the lot for you to buy.
Yeah, I don't think the point of this video is that the government has a way of escaping the hard times that are coming, it's literally just that they have the means to balance out the books by imposing insane inflation taxes on its people. I wouldn't be surprised if what's coming looks something like the Great Depression or worse, but even the Great Depression had to end eventually. And business still continued. Even if you look at countries with insane inflation like Argentina, business still continues. People need to eat. A lot of people will suffer for it, though.
After the 2nd world war one needed only 50 percent of household income to pay for a house and many houses had only one income. And home ownership went from 43 percent to 63 percent by the 90s. The only difference is by that time it was taking 100 percent of household debt to do it (debt to Household Gdp). North America had to become a consumer driven society to replace the economic growth the war provided...so yeah the US deleveraged by surplanting that debt onto households.
There are hardly any houses in the US. Only wooden shacks. Hence you have to build them over and over. Ours was built in 1650 and the roof is not even leaking 🤷🏼♂️
War is inherently destructive, it is a process that DESTROYS WEALTH. Therefore, THERE IS NO SUCH THING AS "ECONOMIC GROWTH" AS A RESULT OF WAR. Economic growth is the result of economic agents (the market) interacting freely with each other. The only good thing that any State can provide as a benefit to said process, is STAYING OUT OF THE WAY. Problem is, States and it's operators (politicians, aka PARASITES) almost always tend to desire more and more power, control and intervention in people's lives, instead of letting people be free.
@@hugohabicht9957You must live in UK were it is legally mandated to preserve the historic nature of buildings. Another example of gross government over-reach. In U.S. your so-called house would be considered primative old shack. Modern homes have many windows and not like living in damp, dark, musty cave.
This has been growing for decades... our government is completely self-serving, and no one President has had the guts to address this... now we're in it deep.
Another explanation why assets increase in value due to inflation is because they are priced in dollars and so their nominal value necessarily must increase (all else being equal) if inflation increases (by definition, it takes more dollars to buy the same thing).
Yes. You still need the mechanism of actual purchasing/trading to carry the inflation-driven demand into the asset. If for some reason nobody bought an asset, in theory, the inflation would pass right over it. But it's practically inevitable that magic new money would worm its way into everything people were already buying.
The Fed kept rates at near zero % for way too long and then they missed the inflation and began raising way too late and way too fast. And now the Fed is in a lose-lose situation. If they raise rates or leave rates as they have it; in order to fight inflation; then the economy hits a bad recession. If they lower rates to prevent a recession, then the inflation worsens and more and more Americans and businesses go bankrupt. People need to pay off their debt, work more, save less and spread their money around into different investments
Regarding rental real estate - Don't forget that your operating costs will go up considerably along with inflation. While your P&I payments stay the same with fixed rate mortgages, property tax, insurance, and the cost to make repairs go up....alot. Raising the rent to keep up may or may not be possible due to impact to the finances of the people you are renting to.
I've done this in simulation multiple times on SimCity 2000 back in the day. If the additional borrowed money does not go towards growing the economy it will screw up your city or in this case the entire country and can take 10-100yrs to climb out of that hole.
There was no ability to go to war to fix financial problems in SimCity, just cutting spending and raising taxes. Joe Brown has also pointed out that there's such a thing as a debt jubilee and/or shuttling all $35Trillion to the federal reserve in order to start over.
This idea of cycles is such an easy rhetorical device. Yes, cycles are real, as in they exist. But no, you can’t assume that something manifests as a cycle just because it looks similar as in the past. Modernity has killed a lot of the cycles that characterized human societies of the past. To a large extent, the idea is just there to make people feel insightful and thus convince them that you’re right.
Investors are extremely alarmed by the impending recession and the Fed's rhetoric of raising interest rates. My $600,000 stock portfolio has lost 25% of it’s value. Whats the best way to hedge my portfolio to make profit in this coming recession
True, some folks employ hedging strategies or devote a portion of their portfolio to defensive assets that perform well during market downturns and such pointers are provided by engaging the services of market experts just like i did in 2019, amid rona-outbreak, and as of today, i can boost of a 45% enhancement on my $1m portfolio after acquiring assets recommended by my advisor.
Excellent video Joe! I just have one question. How do you build wealth outside the system when the the system has the ability to change the rules to access or cut you off from your wealth no matter where it is. The truth is you need to spread your wealth around so much that it becomes near impossible for the "system" to go after all of your wealth at once.
You want to get ahead than make sure that you take on cheap debt by buying assets and the second and most important part is make sure that you have enough in reservers to be able to service that debt for a long period of time, compared to the 80% of the population. The reason is because by the time you can't service your debt because your reserves are empty there are way bigger issues to worry about than servicing your debt!
This is not a cycle. This is the end of the USD. All fiat dies, fact of life. They are playing the musical chairs, waiting for the right time to stop the music. Most people will not end up with a chair and those who support the WEF will have chairs to spare. Cash is king until it ain't, but having a stash for the coming deflation/crash will allow to take advantage of cheap prices. If you do not have gold and/or silver as part of your plan, good luck!
btc is the Wei. They can tax, hoard, and steal your gold. They cannot steal your BTC. Nothing has ever been as needed and as available for this situation as btc now is, being more broadly excepted with the world's economy starting to consider holding it on their balance sheets at all major financial institutions. It's all just a means of storing wealth, and nothing has the potential to absorb wealth quite like BTC, while remaining so easily divisible and transferable. The cost and preparation necessary to send $1B in gold anywhere in the world is considerably more inconvenient than the cost of sending $1B in BTC. This is a defining factor and will play a key roll in the future of "finance"
Bitcoin is the only fixed asset that can't be repressed by a government. The State of Wisconsin pension fund has just bought over $100 million of it today. Black Rock and fidelity are buying. Banks are buying it and sovereign funds are too... It has gone up by 117% per year on average for anyone holding it. It's your only hope of avoiding absolute poverty when the shit hits the fan
@@DanWhe I assumed you would have silver also! Gold is for large purchases, cars, house. Silver including 90% constitutional is for daily life. Cash is for the early stages of collapse. People will want paper currency even though it will be worthless eventually. AND...I assume you have food, water, power generating equipment available.
What this translates into is "The government plays numbers games to allow themselves to spend insane amounts of money, and taxpayers are left holding the bags"
Inflation is essentially telling a brick layer they have more bricks then they actually have. In other words Inflation is lying about how many resources we have. We printed more units of "money" than we have done valuable work (which, we are all that props up the value of the dollar; no more gold standard). If the bricks are value and the brick layer is the economy you'll understand why very little ever gets done anymore.
Fed can only default if their debt is held in another asset (gold). We are not on the gold standard and the fed has a monopoly on the supply of US dollars. The fed cannot default. The interest expense is just a measure of the interest rate (which the fed can control through buying treasuries or issuing them at lower rates) meaning the fed is choosing to pay that money to debtholders to make debt more expensive. The balance sheet of the fed does not matter whatsoever. The debt of the fed is the surplus of the private sector. The money in your wallet and your bank account are reserve notes from the fed, you are holding debt from the fed as an exchange of value. The asset sheet of the fed is just the private deficit going to public surplus, which is a small portion compared to the public deficit/private surplus. There will not be a "massive deleveraging" like the 1940s because 1. We are not on the (pseudo) gold standard, there is no asset for the fed to default on 2. Taxes were substantially higher in the 40s-70s 3. The fed knows that deficit spending and inflation are good for the real economy 4. Like it or not, the US economy is the strongest it has ever been You do not have to go in to sales and traditional investing will do just fine.
Sure, sure, the dollar in not based on gold, its based on trust, trust by other countries, international commerce and the real US day to day dollar circulation. The problem is that 2 of these 3 pillars are moving away from the dollar, other countries dont want to hold massive amounts of US bonds anymore, international trade is slowly moving away from the dollar, the last pillar, the actual US dollar circulation cannot sustain the debt because america imports most of their stuff, when your dollar means nothing to a foreign company, how do u think your strongest economy will do?
@@rodrigofilho1996 "Trust" is not the word I would use to describe what gives USD value. A currencies' intrinsic value comes from the tax liability incurred by its users- you pay the government a percentage of your property and income otherwise they take it away from you. By deriving taxes from income and forcing you to pay taxes in US dollars this directly couples the US dollars value with the amount of income to pay taxes, i.e. the entire US economy. The only true "pillar" in a monetary system is taxation and the means to enforce it. By running a trade deficit we are trading our currency (which we have an infinite supply of) for real imports that help the US economy- and thus give the US dollar more value. The sellers of foreign goods that you buy are purchasing US dollars, not the other way around. As for foreign countries holding US treasuries this is completely irrelevant to funding future deficits. All this is doing is delegating some interest expense of the fed to foreign debtholders, increasing the money supply of USD in foreign countries. Regardless, USD is still ~60% of forex reserves and has outperformed nearly every currency since 2008, including 2020 and beyond. This means the US economy is growing faster relative to other countries and is therefore able to sustain more deficit spending with less inflation relative to those same countries. While I agree the USD is weakening, every currency is getting weaker and the USD has gotten relatively less weak. Look at a chart of the dollar index or USD/EUR to prove this. We have had tax cuts and historic stimulus from COVID and the USD is still strong. This means the US economy is quite strong and can sustain more deficit spending.
That's bitcoin. You hold it in your head (12 pass-words) and can use it peer to peer like cash. The government can't confiscate it or print more of it. It's a fixed supply, used worldwide, and so will go up dramatically in value once everybody realizes it's the only digital alternative to fiat cash.
@@stopper90004 Theoretically, though, the govt could "ban" Bitcoin (and possibly others) by regulation, mandating "Know Your Customer" requirements, making your only avenue to digital assets through traditional/centralized institutions like big banks, which can be controlled. And also they force us all into CBDCs over time. Hopefully, that can be headed off with the election of the right presidential candidate.
As long as the USD remains the world reserve currency this may work. If not, the trillions and trillions of USD from abroad will come home to roost causing hyperinflation like in the 1920s Weimar Republic.
I don’t understand why these so called thinkers and influencers or whatever the heck I’m watching doesn’t understand this simple principle.. all of this is based on trusting us bonds and I know I don’t trust them like I used to, so no way can I be the only one the countries and ppl with a ton of their wealth locked up in our bonds surely are concerned, of course they are.. most are probably looking at how to untangle their selves from our broken system at this point.. they certainly aren’t standing in line anymore for us to offload all our debt onto their nations anymore so we can inflate our nonsense onto their economies.. how can this not be seen as something that cannot continue as it is??
Don’t forget that 16% of US GDP is existing housing stock, so our unsustainable housing prices are directly making the debt/GDP ratio look better than it is.
I typically invest half my income in stocks monthly and hold for at least five years. However, my portfolio recently experienced a significant loss of around $150k. What should I do?
Seek stocks with a history of steady, increasing dividends over years or decades, resilient even during recessions. Consulting a certified market strategist can offer valuable guidance on maximizing dividend gains or income.
The post WWII American economic expansion was enabled by factors that no longer exist. 1. The USA was able to export factors of production as the world's factors of production had been bombed to smithereens. We did not have competition from other industrialized nations as we do now. 2. We did not have any competition in global trade from China/USSR.
Recurring entitlement payments and I would include government employees in that group, with a shrinking productive population, makes “this time different.”
Inflating your debt away only works if you don't increase your debt amount faster than the relative value of that debt grows. You think our government can figure that out? You give them too much credit.
Russel Napier said that the USA will inflate the debt away but that this will lead to governments forcing private companies to buy government bonds with their savings which means they will have to dump equities. He also said that capital controls are coming as a means of governments preventing outflow of capital to lower the debt.
America is not the only country in the world, what do u think the rest of the world will do after this proposed US move? Just use your brain, "forcing private companies" and "capital controls", shit, that never worked ever, the founding fathers would start a new revolution for this shit. Also the rest of the world is already looking for a dollar replacement, how do you think america will do after everyone else dump most of their bonds reserves?
11:45 to 12:02 Money doesn't care about profits! Money doesn't care about value! Money just cares about protecting itself when there's an entity that is just eroding it constantly at a faster and faster pace!
@Dianna369 They can't cut rates because of how inflation works. Whenever printing occurs it dilutes into the money supply and lowers concentration of purchasing power. The flow of money is what causes this dilution to occur. Inflation occurs when you print too much money but its lagging, to normalize printing needs to stop. If no one is loaning money because rates are too high, inflation stops being mixed into the money supply, but if they haven't stopped printing its like an avalanche building up a huge snowpack. What you then get is stagflation where rates remain high, and inflation goes out of control, and that is what the preliminary numbers being released from the FRED have indicated for the past several years (but growing worse). If they lower the rates, you get extreme hyper-inflation overnight. Food prices skyrocket, self-sustaining shortages occur, and then food systems break down, unrest, and collapse. This is the hard landing everyone references, and it was done by purposeful design by evil people who thought you can print money from nothing. The alternative is deflation, which they have made it so any deflation will cause production to stop, which means no food, unrest, and collapse. This is why so many rational people have been shouting for the better part of the last 70 years about the consequences of inflationary monetary policy. Its effectively a n-body problem, which by its nature is chaotic, unstable, and prone to failure. Not suitable for safety-critical or life-sustaining functions.
The issue with this scenario is if the US was an isolated entity without a Eurodollar system that has more dollars than the US economy. One big advantage the US always has is the ability to export the debt. The prevelage may be lost if the dollar loses its status as a trading currency.
Take a look at historical tax brackets laid over the inflation and interest rates from 1950+ and you'll see that we are in for a BIG increase in taxes too. It wasn't just an increase in productivity that took care of the government debt.....we paid it down with tax revenue from the bottom to the top.
Historically, government debt increased during crisises; civil war, WWI, WWII. What crisis has caused the current debt? Excessive spending will destroy this economy and country.
Does anyone here realize that a large percentage of our national debt is what our country owes to us? It’s citizens…. Perhaps citizens isn’t the word I’m looking for but “it’s people”, like we the people. They owe us because they have run this country off of our credit since the early 20th century. They have used all of our assets collectively, and even our bodies our persons, they have monitized and then gotten us to voluntarily pledge our assets to them (that’s what you are doing anytime you “register” something - you are giving them the “equitable title”and leaving yourself the “usage title” - that is why you get to keep the item, be it an automobile, or your child, whatever…. That’s why they owe us a large portion of the debt, but since we don’t realize the value of what they have taken from us, (they have even taken away the status we believe being born into this country bestows upon one)!!! As it currently stands, most of us are not even “a party to the Constitution”…. So we don’t technically qualify as a part of the “We the People” group. Thee 14th Amendment. Did not abolish slavery- it broadened the scope of Slavery, and. Took us alll into the net - but changed the wording so we. Wouldn’t. Recognize it as. Such! (They no longer used. The word, “slave”…).
This is fundamentally incorrect. It sounds like you've been enticed by the sovereign citizen brigade, your writing has a lot of those undertones/vibes. Don't get me wrong, the sentiment there is in the right place, but it is not backed rationally nor does it reflect reality, which is a critical difference between insane people and rational people. The understandable mistake arises out of a lack of education. It is in thinking its all been done according to the rule of law, and that convenient illusion is what prevents those type of people from recognizing the truth of things. They work themselves in circles and knots, and think its structured rationally, its all about titles, registers, and birth certificates, like you had any say in things, but then when it comes down to something, its not as you think. That is what socialists do, and have been doing for the better part of a century. The intelligent among them, lie, mislead, and are both deceitful and malicious; evil to the core because they do so for personal gain (to everyone elses destruction). Ask yourself, what components make up a rule of law, what is its primary purpose, and what are reasonable limits that if you ask anyone they would say it fails after that point. Then compare that to various news over the past 10-20 years. You'll see that we are actually re-living what Thomas Paine described in the first few chapters of his Rights of Man. Debt is a mortgage on the future, its a system of dead men ruling.
@@gridtac2911 You are getting defensive for no apparent reason. Being wrong is nothing to be ashamed of so long as you correct it back to a rational basis when you find out you were incorrect. Mistakes happen and we can't all know everything. You are clearly wrong in almost everything you said, and you don't know from what you speak of. If you continue pushing irrationally narratives that have no basis in truth, you'll have shown that you are being deceitful, or malevolent, or insane. In either cases that demonstrates that no one should listen to you in the first place. The latter bodes ill for all those around you.
We haven't paid off our debt since the 1800s, every time we inflate it away it just delays it until it is worse. Now countries are starting to not use us dollar
Join my program Heresy Financial University: go.heresy.financial/join
*"just call for energy boom upon in the US West"* so not in the least a hard thing to do....and in fact the energy boom was effected going on 20 plus Years now #Bakken_Shale still raging away.
The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenback. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...
I squirelled away cash for a rainy day, but with inflation pouring down, it feels more like a leaky bucket. Saving for retirement seems impossible if my money keeps losing value faster than I can earn it.
Financial literacy is so important. We should have it as a mandatory course in school. Luckily we have all these incredible content creators on CZcams teaching what we missed in school.
Dustin Dwain King is my asset manager. Just research his name to find the details and set up an appointment.
Experts like Dustin Dwain King provide extensive knowledge and experience, helping clients craft tailored financial strategies to achieve their goals. Recognising the importance of expert guidance is crucial for effective management and risk mitigation.
Financial consultants can help by recommending investments that outpace inflation, such as real estate or certain stocks. A client of mine followed this strategy and saw their savings grow by 15% in just two years, effectively countering inflation.
I switched my reserve fund to BOXX. After the fees it's about equal to a high-yield savings account but you don't pay any tax until you sell, and then it's considered a capital gain and not income. The fund executes box option trades, hence the name. It's technically riskier than a savings account but boxes are as safe it gets when it comes to options.
Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.
@@hunter-bourke21bravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
*Gertrude Margaret Quinto* is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Okay- as someone who has been in SALES for nearly 30 years, I can say that he’s dead wrong on EVERYTHING he just said on sales. DO NOT quit your day job and jump into a sales position. 99% of people are absolutely NOT cut out for sales or commission based jobs. You have to have an entrepreneurial mindset to get into sales & be willing to spend years building your base & skills depending on what type of sales you’re in. It’s a brutal, cut throat industry & the uncertainty just isn’t for everyone. I love it. I’ve had companies competing to hire me since I was 18, & I would still caution against it. We’ve seen EVERY industry cut their spending by 1/2 this year. That cuts your paycheck by 1/2, too. It eliminates younger reps who can’t ride it out. It is NOT a get rich quick scheme & anyone who has done it for decades will tell you that. This guy is just spewing advice on something he is theorizing about, which is extremely irresponsible.
Just like trucking. 4 years ago ppl jumped in with business plans on crazy rates per mile. Now they are all going out of business.
I missed where you said he said, get a sales position. I heard him say start a business. czcams.com/video/FWTlCaJVolo/video.html
@@Viconius It was right before start a business...
I don't think he implied it was for everyone nor that it wasn't cutthroat, nor that it is a get rich quick scheme. I took his advice as, if you want a job that most resistant to inflation and always in demand, it would be a sales position. I didn't hear him say that it wouldn't require hard work and skill. Simply that it carries the highest potential. Usually things that have a large potential, carry a lot of risk as well.
@@GeoRandelI hear you. Perhaps I just took it that way, but it’s still not resistant to inflation. As I said in another comment, we’ve seen every industry cut their budgets by 1/2 this year. Working on commission, that means that your paycheck is cut by 1/2, too. I know a ton of sales people in various industries that are really hurting right now. The point is that on the topic of sales, he obviously doesn’t work in the industry and is just hypothesizing. Someone could take his advice at face value and really suffer if they don’t do their research carefully. I’ve seen channels like this tell people that they can start an advertising agency with zero experience and place google ads & they’re also dead wrong. It takes a lot of experience and education to work effectively in the industry. Again, foolish & irresponsible advice to give…especially when you don’t work in the industry that you’re telling people about.
You can't have 300 Million salespeople. Somebody has to do the work.
True, but that's why most people don't make it in sales. When salesment get too numerous only the best salesmen survive, and the rest go find honest work.
Don't worry, I couldn't sell shade in the desert so I'm out.
You get into selling what the Trades and Infrastructure have to offer...
this guy is fokakta
I was a self employed commercial fisherman and you can look me straight in the eyes and you’ll understand what it means to be a man! I’m a genuine tough guy, not a bully! ⛑️
You can’t inflate the debt away when you continually overspend in insane amounts.
Yeah, if they would have invested in something useful, like sea ports, railroads, fiber optic cable, solar power, wind power, or anything that could boost GDP but instead they literally gave it to foreign countries for destruction of infrastructure in a country that does nothing for Americans. Mind blowing stupidity.
100%
Yes you can indeed, you just have to accept higher inflation. For the government, debt is just a number.
Its VERY important to consider that WW 2 was a massive spending binge, not unlike Covid, but that came to a hard end, we KNEW it had, in fact, ended, and taxes stayed high, so debt was also being paid back, while inflation ran hot, so there was still faith in government at that time, that government was doing the right things, even if the war bonds were being melted away by inflation. What is coming here looks a LOT different, since that hard end of spending does not seem to be on the horizon, and I guaranty that Biden's HUGE tax increases will not raise much money, if he even stays in office long enough to put them into law. Looking at the debt's recent history over the last 2 years, it stabilized, as inflation ate away at it, but it didn't really come down much, and now that the interest rates are higher, I don't think the debt will come down any more, unless something really weird happens, and I don't think people will choose to hold government debt much longer, once they realize this goose is cooked.
Too bad of the average people in America to have a magical wand make your debt disappear😮
Adding $1 trillion every 100 calendar days. This is going to end badly.
Not for the US stock markets it seems. At the moment there's no such thing as economic bad news for them. Every cloud has a huge silver lining. Interesting to see how long this madness can prevail.
@@p_sg3449 When compound interest overtakes our ability to service the debt and we default on an interest payment, what do you think the market reaction will be? And if we fail on one payment, how will be pay the next month's bill? The 1930's will seem like a picnic at that point.
@@p_sg3449
When compound interest overtakes our ability to service the debt and the govt defaults on an interest payment, what will be the reaction of the market? And if we fail on one, how do we make the next month's payment? This is when the 1930's will seem like a picnic in the park. That day is fast approaching.
@@p_sg3449- Madness is right. But it could go on for a while. Sadly, some unlucky age group will be left holding the bag.
Yikes! Roughly 1/4 of our total taxed income going just to Government debt next year. Sloppy poppy! Aside from everything he mentioned, the taxes will be crushing as well. Watch for changes in IRA's coming soon!
Inflation! Recession! Crash! It’s getting depressing. I have about $100k in emergency fund and I have been seeing good news about the stock market and would like to gain from that since I can’t let my savings be corroded by inflation. What stocks should I into as a newbie to safely grow my money.
Its best if you buy growth/blue-chip/large caps stocks only. Also, as a newbie its advisable you work with an investment advisor to help set up a well-structured portfolio.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.
I'm pleased I found this conversation. If you're comfortable with it, could you share how I can get in touch with the advisor you rely on for your investments?
My CFA ’’ Vivian Carol Gioia, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..!
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
In 1945 there wasn't a competitor waiting in the wings to challenge the dollar (BRICS) and most of our wealth generation came from manufacturing instead of moving various forms of paper around. Comparing today to the circumstances of the mid 1940s is a seriously flawed perspective.
BRICS is a joke and no one takes it seriously. Their silly currency will never replace the USD
@@acethirsk9281 It doesn't have to replace it. It just has to take a good chunk of USD's use as a trade currency. A big mistake people make is thinking that USD's status as "reserve currency" replaced The British Pound's status (which itself replaced the French Franc, which replaced the Spanish Peso, etc... going back centuries, to the birth of global trade).
All of those currencies were predominant in one era or another, yes, but none of them *ever* had anything close to the role that the Dollar has had since 1944. The Dollar's share dwarves them all; even in their hey days.
The fact that one single currency has had a virtual monopoly on "reserve status" is a huge anomaly. For 90% of the history where there even has been a "reserve currency", said currency only enjoyed a plurality of the share of use. That's what's normal.
So a currency like the BRICS doesn't need to replace USD in order to seriously harm America's standard of living. It just needs to significantly compete with it.
Can the US become a chinese colony vassal state? It might not have a choice no?
Its like the tech bro who runs this channel has never heard of Marshall Plan.
correct but there are deeper implications here that maybe you cannot see. when any topic pops up about worldly affairs, we always refer to the late 30s and 40s. this is because the usa is a twin of what was happening in weimar germany. their extreme degeneracy and monetary problems were essentially flushed down the toilet when mean mr. mustache man took helm and the country flourished.
we all know democracy is a sham and we deep down want a savior to swoop down and fix this mess.
inch by inch, we are manifesting a dictator that will gut this system..
To say “we’ve been here before” does not mean we are not in real trouble. Look at who is in government now vs then. We are in trouble, real trouble.
Yeah, government is too cozy with billionaires. Tax the rich
Not gonna happen the way it did in post WW2. After WW2, the USA had a virtual global monopoly of world industrial output for several decades. That made it much easier to grow our way out of the problem. That’s just not where the country is today. Sure, high inflation will be part of the current formula just it will be stagflation. Ugly times ahead.
Its aggravating this video uses World War 2 as an example on a chart but he acts like he's never even heard of Marshall Plan, or that we still didn't have a interstate highway system 10 years after World War 2 ended.
@@longkesh1971analysts go by previous historical Trends because that's how they analyze, it's what they have to draw from. Politicians go by what people did before them because they're not bright enough to figure out a solution outside of the box. He's completely correct in the fact that this is exactly what the government will do because it worked before. Most of us are just skeptical that it will work this time
You can’t use the 1940 s as an example. Back then we had a young productive work force. Today we have an old population and young people who don’t or won’t work hard. Plus we lost manufacturing.
Just because it wont work doesnt mean the govt wont try it
40s-80s cycle also resulted in stagflation. Now, thungs will get very ugly, very fast.
"go into sales" I'd rather die...
its the new "Learn to code"
Don’t worry, sales comes to you.
@@mondavou9408 Except that you would have an actual skill if you learned it
Sell your soul, or lie, cheat, and steal your way to success.
@@andyl2895 Until AI replaces you in 2 years. And trust me, it's coming. AI has now all but killed the graphic design industry, it's about to kill the music industry, and coding is next.
I wouldn't have believed it had I not created a bunch of songs of my favorite genre using AI and have it sound like it was done by a professional band. And the scary thing is this AI is just starting out.
The problem with this theory is that the US no longer produces and has shrinking GDP.
US has been investing heavy into manufacturing lately to turn that around.
Reinvesting into manufacturing is the single best policy the US can implement. 1. No reliance on other countries 2. Jobs 3. Relocation out of overcrowded states back to midwest (fix housing market)
@@UndertakerFromWWEcost in the US is very high, how are they going to compete with China in manufacturing?
Ooooh the joys of Free markets
@UndertakerFromWWE where and what manufacturers has us been investing in.
It's thermodynamically impossible to get out of debt without having someone pay. Inflation is a tax. The worst form of taxation because it disrupts market pricing.
The worst part is there’s more debt than money in existence so even if all the money was passed around to pay everyone off someone is going to lose out
It’s literally a game of musical chairs
While I would argue that thermodynamics isn't applicable it is analogous.
I don't see how thermodynamics has anything to do with economics (completely unrelated fields).
You are correct in that its a invisible tax, and the implications of it disrupting market pricing are that life sustaining goods get priced out and there is no profit to be made in producing foods, black markets will develop because regulation prevents open markets (under the guise of food gouging laws).
This has historically happened a few times, and are often cited as things contributing to great events like revolutionary wars, because no matter how much you work, you can't get sufficient food in exchange for it, and that is intolerable. Intolerable acts were documented at this countries founding. Unfortunately, the people who made the mistakes aren't the people paying for them, and corruption is inherent and rampant from a structural point of view as well. You get parasites bleeding off funds to feed their habit and enrich themselves, and you have your police force target the population protesting it greatly increasing the risks for violence (basic economics, if you raise the cost of risks associated with living, the cost gets paid reciprocally in violence when you can't live by any other means).
Needless to say, this is very dangerous territory because when food systems go, everything goes, you can't maintain order or a functioning military.
Support systems like welfare (food stamps) are supposed to help this but those system's have been so scaled back and are brittle to the point where they no longer function. As an example, they don't re-evaluate their aid prices so you end up getting a good solid 60-70% of the population who can't afford food no matter how much they work, and things cascade from there.
Currently a months worth of food stamp aid exchanges for 1.5 weeks of food, assuming no spoilage, and no nutritional value. We aren't far off from devastating consequences because stupid politician's who are addled in their old age didn't do their jobs correctly.
There's a familiar saying... When you play stupid games, you win stupid prizes. I sure hope they get their act together.
You can't inflate debt away someone always pays, this situation is 40-50+ years in the making and logically follow natural consequences that any sane rational person could predict.
You never have to repay debt as a nation if you repay the debt in your own currency. Facts
@@keithpalmer4547 That's a fallacy, not a fact. Just because enough people say it doesn't make it true.
By contradiction, boundary conditions exist at which point the economic cycle stalls and fails, and that has happened historically (Ray Dalio/Bridgewater Report Big Debt Crises aggregates this nicely).
Try taking those blinders off and do some study.
*Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $12,000 and got my payout of m $270,500 every months,God bless Christy Fiore🇺🇸🇺🇸🇺🇸..*
Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down 🤦 of myself because of low finance but I still believe in God.
Thanks to my co-worker (Alex) who suggested Ms Christy Fiore.
She's a licensed broker in the states 🇺🇸
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.
Great to see you guys talking about her, she changed the game for me.
Inflation hits people a lot harder than a crashing stock as it directly affects people's cost of living. Everybody immediately feels the impact. It's not surprising negative market sentiment is so high now.
My bank told me CD rates are going down because the fed is cutting rates starting around February 2024. i don't know how accurate that is ?
Opting for a Fin- manager is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 45% since Q1.
Thanks for replying, You seem to know much, How did you go about it and can you recommend an advisor like yours?
The decision on when to pick one & who to work with , is a very personal one. I take guidance from Sharon Ann Meny to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
I just googled her now and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
Don't go into sales. Learn a trade that provides something people consider vital, then you can name your price and as inflation increases your price can just go up. People may be able to put off buying a new car if the economy is bad, but when their toilet is backed up and flooding the house they'll find a way to pay somebody to fix it.
counterpoint:
Look up how businesses have survived during past financial crisis's.
Shift your market towards the top 20%. Focus on luxury goods.
Trades get hit the hardest. People just fix their own stuff. Comercial/industrial jobs dry up.
@@ThePeacemaker848 Are you gonna fix pipes in your walls? Rewire your circuit breaker? Repair the condenser coil on your AC unit? I guarantee most people in my generation (millennials) and younger can't do that stuff. Half of them can't even change the oil on their car...
I don't understand any of this. But a thought crawls in my mind that we are all slaves to the worthless money.
It's a wealth transfer system. People who borrow are being given money at very low rates while inflation rises, moving money from the population to businesses (which use debt and whose owners and executives grow their wealth with debt, and by which means they also avoid taxes and are sheltered from inflation by having so much effective income).
It's also very effective at reducing real wages, which coincidentally disempowers the general population while reinforcing entrenched wealth.
The takeaway is that those who own appreciating assets will at the very least be insulated from this wealth transfer while those who rely on income via work will bear most of the burden of the cycle.
Bought home 30 years ago, pays pennies for the loan installments now.
I think you understand it quite well.
Some Silver and Gold is an Asset outside the System.
Seems like you understand rather well.
Sales only happens if there are customers.
There is always customers... Its just what they are willing to pay might below what would keep you solvent.
Yep! And when most people spend all of their money on basic necessities, all the other non essential stuff will be not purchased. Then those businesses will go under. Vicious cycle.
Yeah I agree. The wealthy and upper class will just be a much greater % of spending but that is not sustainable geographically or long term.
Stagflation dude, stagflation is coming. That's how the 80s went. And it required the destruction of gold standard and US workers lost their job protection forever. Who knows what'll happen now.
@@aniksamiurrahman6365 yep the Devil is in the details and the detail now is that there may be a literal devil, evil people, that is more widespread than we see even now. It is going to be a rocky road. Buckle up folks.Most of us have no income to spend on the metals they keep telling us all to buy, that ship sailed years ago for 75% of us.
Those idiots holding 129 trillion in US and corporate bonds paying 3% all the while inflation is raging at 20% are the real losers.
There is a reason why other countries are starting to work on a dollar replacement.
exactly, don't hold cash, or debt or you may be crushed. You can't look to history to repeat itself, because everyone else is doing the same thing.
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you.... prevent inflation,
A lot of people still make massive profit from the stock market,all you really need is a relevant information and some professional advice..it's totally inappropriate for investors to hang on while suffering from dip during significant market falls
You trade also?, I tried trading after watching some videos on < CZcams but still keep making losses,how do you
Very well said, who is this adviser that guides you and how did you find them? I don’t seem to find any locally and I’ve been having a terrible year.
Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.
This sounds so good and i would like to be a party to this,is there any way I can speak with him?
The difference though is that all of our manufacturing and jobs were here in the 1940s. That’s not the case anymore, this could turn out that the rich hyper elite don’t want to spend the money and we get stuck. Not saying that’s what will happened but we’ve also seen that companies don’t care about their workers
The US is bringing manufacturing back to North America.
My biggest question is why do we pay taxes if the govt can just print money
Gov does not 'print' fed reserve is neither n debt money is digits on a screen. read books on fed.
To reduce price inflation. That’s MMT.
@@kevinjoseph517 Taxes give money its power, not gold🤭🤫
Taxes are a means of control through uniformed consent. If you don't live in the District of Columbia where the US is located, then you're not liable. But, even with clear, federally recorded evidence of this, people are brainwashed and will still go to great lengths to give away their income. Thats CONTROL
The interest (6%) paid yearly to the FED on the national debt is taken directly from income tax revenues. It is paid with/from the time, blood, sweat,and tears of the population.they want something neat tangable in payment.
They’re vacuuming your pockets dry, and there’s nothing you can do about it.
The people still have the people, human capital. Build our networks.
The evil, ubiquitous "they." "They" have always been around, "they" always will be. A lot of people have spent a lot of time & energy worrying about "they."
@@19Borneo67 useless comment
To me the best play seems to be something like owning a home/property that is self-sufficient. Buy high quality appliances. Solar panels. Generators. A reverse osmosis system. What's the point of being paper rich if you can't live comfortably? Also, take care of your health. I am not saying ignore the financial system entirely. No, play their stupid game... just make sure you don't have to depend on it.
This is the sensible approach. I've seen a cup of coffee in Argentina go from 2 pesos to 2 thousand. With high inflation, money is better spent than saved. You can also hedge your liquid assets with other currencies.
The worst part of inflation is the fact that the tax or cost is not spread equally. Some occupations and industries have the ability to demand higher prices; thus rendering higher income and or profits. Other occupations and industries have just enough pricing power to at least equal the inflation; while the vast majority lose purchasing power each and every year. Usually this is when the rich get richer and the poor get poorer. For this to happen when the top 1% already own 90% of the wealth in this country, means massive social unrest on an unheard of scale is on the horizon. Now this will either translate into major beneficial changes or the most likely; meaning much greater and intensive Government Suppression.
Unless taxes go back up to say Clinton (1990s) years levels or higher (even Reagan levels...maybe even Carter/Ford levels). Then the wealthy will get the hit.
Keynesians are famous for seeing deflation for all of the Great Depression and concluding that deflation is bad, but they're not so famous for seeing all of the inflation in the Post-War Era that you talk about here, and concluding that inflation is good.
The late-1940's, 1950's, and 1960's was a prosperous time in the United States, despite the government inflating the debt away. How? It wasn't because the government inflated the debt away (Keynesians think that the prevented another Great Depression-style debt implosion). It was because America was (and at the time deserved to be) the global reserve currency. The Dollar was backed by (promises of) gold redemption, so a lot lot of those Dollars went overseas. This allowed the average Joe to get ahead in life anyway. Consumer prices stayed affordable. The only price that rose was interest rates, but there wasn't a lot of corporate nor consumer debt back then, so that didn't really matter much either.
All of this to say that yes: the Keynesians who run everything now absolutely will turn to inflation to try to fix today's debt problem. They've been "taught" by the 1940's that that's the solution - and they're completely oblivious to the fact that unlike back then, today foreigners aren't going to absorb all of our inflation for us.
USA was prosperous the time after WW2 just because of all the reparations paid and the USA being pretty much the only functioning manufacturing economy left in the world. That was the sweet gravy train they had. Inflation was in my opinion biproduct of the strong economy. The dollar was reserve currency just because of the strong economy and military, and now economy is no near as strong compared to the rest of the world, and the military - well they need money to be strong.
How could they be “oblivious” to foreigners not buying? Are you telling me “they don’t know” the BRICS nations are Selling their Bonds and not buying more ?
@@idkitall6804 They seem to be oblivious to something, as their model does not appear to be working any longer.
@GrantDWilliams have you read Rallo's refutation of Keynes? Looks pretty solid, albeit its not been translated yet (only in Spanish).
Keynes was a socialist, and most people don't realize what that means or entails (contextually).
At that time most people came from a generation of hyper-rationalists, and many of them saw Keynes as fundamentally flawed (just like Socialism, it fails in subtle but indirect ways, and it always fails given sufficient time its fundamentally unstable). They didn't think he'd be paid attention to.
Like any socialist, when you can't make it work rationally (they don't use logic or rational thinking), they push plausible convincing lies under magical thinking; its often indirect enough to waste enough of your time and intelligence that few people will bother to address every spurious claim they bring up. They'll always come up with more, and that is the way of the liar which people seem to have forgotten. You don't pay attention to liars unless you want some form of destruction or loss to befall you or those you care about; it is that simple.
Various system's including the legal system had subtle changes made to them ensure deflation will result in the complete halt of production of goods. There are a lot of changes where the insider threat is real, and the only reason everything is failing today is because they burnt the bridges moving forward (making it so you can't roll things back).
There's a lot of work done by the Fabian's between the 1880s and the 1970s where they got everything they wanted, and the generation of children who grew up are now finding they were born into a deceitful and malicious form of slavery and told lies from before they could tell a lie. Wage slavery is still slavery.
Ponzi naturally has three stages like the standard S adoption curve in business. You have the first stage where everything seems to be going so well. Growth is massive, profits and benefits are massive, that was 1950s-1970s. Then it slows down, things are changed and you have the next leg which is the 1970s-1990s. Then you have the final leg where real production has diminishing returns, and the loans taken out upfront can't be paid back fast enough. This is the zombie/living dead stage. The boomer generation has maintained a front-of-line blocking on political power since they took majority of office in 1990s, they should have ceded that majority to other generations in 2010 but they've made changes to prevent that. We have a similar situation to what Thomas Paine described in his Rights of Man as dead men ruling, and until they die of old age there isn't much we can do to mobilize the appropriate resources to fix problems, and they've ensured through poor education that the problems can't be fixed easily without massive disruption.
When the cost of work traded for a single person no longer provides base necessities for a family of 3 children and two adults, birth rates will naturally decline, there is a narrow window of time period to fix this because women can't have children without extremely high mortality after they hit mid 30s. Its a biological wall.
Its 3 children because that guarantees at least one lives to have children themselves. This was the known as far back as 1776 (Adam Smith wrote about it). It is the fundamental lower bound for work wages, but fiat and ponzi let you ignore this for longer than the wall. Then you get de-population and ecological overshoot reversion. It becomes a self-sustaining cycle if ignored, and it has been ignored.
@@ivandenkov7446 That's incorrect. WW2 left a vacuum for industry and business during the rebuilding period. Reparations had little impact. The dollar was accepted as the reserve currency when the stirling pound faltered in the post war years, mostly because of poor economic and monetary policy.
Its not about money being strong, its about money being sound.
There are three elements that must hold true for money to be sound. Those elements are, stable store of value, unit of account, and medium of exchange (that's acceptable to both parties). Inflationary monetary policy is fundamentally unsound, chaotic, and violates the first primary element.
You have 7% deficit and 2% GDP growth and 3.5% inflation. How are you going to grow out of debt or inflate the debt away when the debt is growing much faster than growth or inflation? Impossible. In the 50, 60 and 70 GDP was growing much faster than US debt. That's the deference.
Agree. I don’t think this approach will work this time. The revaluation of gold might work, it is a very interesting idea.
They will boost nominal gdp, they don’t need to boost real gdp. Nominal gdp can be boosted through inflation (govt spending)
@@chriscleland7008 They will boost nominal gdp, they don’t need to boost real gdp. Nominal gdp can be boosted through inflation (govt spending)
Watch Russel Napier, he talks about this
@@acethirsk9281 it needs to be faster than the increase in debt
It’s simple quality of life will go down inflate away. Eventually there will be unavoidable consequences.
Except the last time we went to this debt to gdp ratio we solved all kinds of problems and sparked innovations that continue to pay dividends.
This time we have used all this $ to make boomers fat and rich while shipping job overseas, letting the bridges fall down and everyone under 40 is living in their parents basement while they smoke weed, play video games and work 15 hours a week at Ralph’s.
The marriage and birth rates are cratering daily. This doesn’t end well for most people.
Right. But life doesn't end well for any person. The first and last things to ever worry about are having and raising the babies. The (fertile) poor, in the end, inherit the earth because nobody else is left. Meanwhile, we need to get back to fundamentals and grow our skill sets to enhance our individual food and water supplies.
I dare say that the invention of the smart phone has generated more wealth than the moon program did. How did Apple end up with nearly a trillion in cash? And didn't their investors get rich too?
@@19Borneo67 the smart phone didn’t come from no where. And I suppose it depends what you’re measuring. If you’re measuring out of wedlock births, family formations, marriages and birth rates, those are at all time highs, lows lows and lows respectively in just about every country. And people are drinking more than ever and taking more psychotropic drugs than ever, so they don’t seem more content.
Medicare Medicaid and SS all time highs, debt all time highs, those things are not paying for cell phone development. And if they were… if “priming the pump” worked then why the record debt? Why don’t tax receipts just explode? From all the cell phones and TikTok’s?
Cuz what most people do with cell phone is useless. Video games, social media while they sit on their asses smoking weed and getting fat. Doesn’t Facebook publish in their quarterlies “hours used on Facebook”? That’s billions of hours annually. Making life better? For my share prices thankfully yes.
Haven’t heard of index investing as “spray and pray” before but I’m here for it
Bogleheads hate to admit that's essentially what the strategy is....
haha perfect analogy.
@@fornost64they actually love to admit it. "Don't look for the needle, buy the haystack."
America: Pay the debt by printing more money
China: Sell US bond
America: Realized that we're not the only country on the planet
More importantly, sanctity of petrodollar is broken as Saudi Arabia trade oil in other currencies now
So there is really not much longer stopping anyone who don't like deal with US to jump off the dollar system (that allow US to overspend in the first place)
and US cant negotiate so its not hard for it to lose other allies as it lost Saudi Arabia and most of South America
I work at poor people bank. I am shocked by how much cash social security is putting into the system. This is probably the core cause of inflation since non of these people are producing more than they are consuming. Not saying anything bad about them. They are nice people like most are. Just saying that is the ultimate cause of inflation. The fed actions don't matter nearly as much as people think because they are just providing oil to the machine. Inflation comes when you put more money to consume into hands that aren't producing.
They can't inflate the debt away because its the debt of social security that is causing the inflation in the first place. Workers are just losing buying power to the old and disabled. And people pretend this isn't communism.
some other fun stories from the bank. I saw a guy take a 6k loan for 31% interest. We wouldn't charge that much but considering his account history he didn't even qualify for our loans and again this is a poor people bank. So sub prime is above 30% now. That is pretty crazy.
Japan 1990 to today is a better predictor of what will happen going forward rather than the post WW11 period.
So we all go into sales, now there is no one to manufacture the things to sell
Sales is not for everyone. In fact sales is not for most people. Focus on an in demand field or skill. Also large profitable companies also pay very good annual bonuses which can be used to wipe debt pretty quickly. I have seen very average data analyst make very good livings.
no one can run away from the debt, not even the US gov. Someone will have to pay. If not the gov and current generation, it will be the next one. the debt must always be paid.
War and you and I
If u can't pay debt, there will be civil war.
Look up the “German Economic Miracle.” No, the debt must not ALWAYS be paid.
It will be the people who pays for it
Nope, debt is forgiven! And you can always find a way to get more debt! 🇺🇸
The USA could technically inflate the debt away- but not practically. In order to inflate the debt away in any meaningful way the USA would need hot inflation for years if not decades.... But the inflation rate and bond yields are ***correlated***.... Who TF is going to loan the Government money at 3% if inflation is 6%? The FED could through QE but they'd quickly find themselves the exclusive buyer of UST's and 10%+ inflation in short order as they pump trillions of new dollars into the economy to buy government debt at the same time former bond investors looking for real yield put massive upwards pressure on equites, commodities or anything thats not bolted down. Inflating the debt way is an absurd pipe dream that would spiral into hyperinflation.
Japan do this debt scam for very long time
The government IS finding themselves more and more The Only Buyers of treasuries…. Ex…, BRICS nations Dissolving their holdings and Not Buying more
It’s the beginning of The End of our dollar
Yep just look at Venezuela......
Alternatively if we get a productivity boom due to AI that would also help fix the issue
That's literally the plan. Bring USA to it's knees
Good Morning from Ontario Canada!
Good news to you!
How's things going there?
This only works if the real interest rate is negative (the interest rate of the debt is lower than the rate of inflation), which is an unusual economic condition to find (and not the case now). Bond purchasers demand a real return after all.
1) Increase your income (wow, who would've thought, genius plan)
2) Start a business (good luck, the government made it impossible)
3) Use FRD to buy assets that pay for debt (putting the cart before the horse again, are we?)
4) Get wealth outside the system (the average person can't even pay their bills anymore, be realistic)
👏 👏 👏
your forgot, buy his products... do that and we are good as gold.
He didn't make up any of that advice. Everybody reaches those conclusions. They're the only ideas around that may help the few with the competence to follow them. Are normal people, facing severe inflation and lean times, likely to need to resort to other solutions? Yes, and they are small and bullet-shaped. While we can, our only mitigation is to begin to build off-grid redundancies into the economy ("parallel economies") from the ground up to try to safety-net each other later. It starts with a garden and a home repair book.
The belief that the Federal Reserve would stop raising interest rates was the driving force behind the entire economic chaos. What should we do now that we have a situation where interest rates are crashing? At this point, how would you suggest that I safely allocate $300k?
Although the market is currently volatile, aren't the current valuations a result of the Federal Reserve's monetary policy and low interest rates? Therefore, my recommendation is that you consult a financial advisor who can give you entry and exit points for the shares that you are interested in.
I still can’t see how this whole picture works when people become totally broke, unemployment will be very high and the economy will be completely broken meaning no tax revenue
Somehow Haiti survives.
Because it doesn’t - why not just print all the money we need from taxes each year? That’s what would happen and lead to hyperinflation which is where we are kinda headed rn unless we drastically cut government spending
The graph of the debt spike from the "event" is absolutely WILD. Especially when you compare it to the last actual recession in 2008. How they justify the indefinite increase in spending is beyond logic.
Two things come to mind immediately that could drastically affect whether the "history repeating " scenario actually plays-out:
1) the extent that companies successfully implement AI and decimate headcount
2) whether CBDC's are eventually adopted by the US and used to "reset" the value of its currency somehow
The value of the currency can be reset without implementing a CBDC.
Your explanations and visuals are crystal clear. These videos should be required viewing by all elected and appointed government officials. Most of them appear to not have this knowledge.
We run massive trade deficits. We are an import-dependent nation. If The Federal Reserve monetizes $30 or $40 trillion, there will be shortages in everything. Having The Fed print $40 trillion so that Capitol Hill can back it's current outstanding balance will do what? It will cause a massive taking of American assets by the foreigners who just got paid back. And at that degree of debt monetization, it won't just be things like real estate or passenger jets or cargo ships full of corn. It will be a huge chunk of whatever's sitting around in warehouses at the moment waiting to put on the big box stores' shelves.
So yeah, you could get a sales job, but if there's less to sell, how are you gonna increase your income? Even if you're an above-average salesperson, and you do increase your income anyway.... what good is it to keep up with inflation if you can't buy everything that you need? Being able to afford a new car doesn't really mean anything if there isn't actually one on the lot for you to buy.
Yeah, I don't think the point of this video is that the government has a way of escaping the hard times that are coming, it's literally just that they have the means to balance out the books by imposing insane inflation taxes on its people.
I wouldn't be surprised if what's coming looks something like the Great Depression or worse, but even the Great Depression had to end eventually. And business still continued. Even if you look at countries with insane inflation like Argentina, business still continues. People need to eat. A lot of people will suffer for it, though.
thank gyood this guy doesn't run anything but a youtube channel
After the 2nd world war one needed only 50 percent of household income to pay for a house and many houses had only one income.
And home ownership went from 43 percent to 63 percent by the 90s. The only difference is by that time it was taking 100 percent of household debt to do it (debt to Household Gdp). North America had to become a consumer driven society to replace the economic growth the war provided...so yeah the US deleveraged by surplanting that debt onto households.
Those houses were also 850 sq fr
There are hardly any houses in the US. Only wooden shacks. Hence you have to build them over and over. Ours was built in 1650 and the roof is not even leaking 🤷🏼♂️
@@hugohabicht9957u must live in NJ
War is inherently destructive, it is a process that DESTROYS WEALTH. Therefore, THERE IS NO SUCH THING AS "ECONOMIC GROWTH" AS A RESULT OF WAR.
Economic growth is the result of economic agents (the market) interacting freely with each other. The only good thing that any State can provide as a benefit to said process, is STAYING OUT OF THE WAY.
Problem is, States and it's operators (politicians, aka PARASITES) almost always tend to desire more and more power, control and intervention in people's lives, instead of letting people be free.
@@hugohabicht9957You must live in UK were it is legally mandated to preserve the historic nature of buildings. Another example of gross government over-reach. In U.S. your so-called house would be considered primative old shack. Modern homes have many windows and not like living in damp, dark, musty cave.
This has been growing for decades... our government is completely self-serving, and no one President has had the guts to address this... now we're in it deep.
The problem is it’s a fiat currency. We will end up like the Weimar Republic.
Another explanation why assets increase in value due to inflation is because they are priced in dollars and so their nominal value necessarily must increase (all else being equal) if inflation increases (by definition, it takes more dollars to buy the same thing).
Yes. You still need the mechanism of actual purchasing/trading to carry the inflation-driven demand into the asset. If for some reason nobody bought an asset, in theory, the inflation would pass right over it. But it's practically inevitable that magic new money would worm its way into everything people were already buying.
The Fed kept rates at near zero % for way too long and then they missed the inflation and began raising way too late and way too fast. And now the Fed is in a lose-lose situation. If they raise rates or leave rates as they have it; in order to fight inflation; then the economy hits a bad recession. If they lower rates to prevent a recession, then the inflation worsens and more and more Americans and businesses go bankrupt. People need to pay off their debt, work more, save less and spread their money around into different investments
Regarding rental real estate - Don't forget that your operating costs will go up considerably along with inflation. While your P&I payments stay the same with fixed rate mortgages, property tax, insurance, and the cost to make repairs go up....alot. Raising the rent to keep up may or may not be possible due to impact to the finances of the people you are renting to.
I've done this in simulation multiple times on SimCity 2000 back in the day. If the additional borrowed money does not go towards growing the economy it will screw up your city or in this case the entire country and can take 10-100yrs to climb out of that hole.
Exactly, I have very little confidence that current and future administrations will not make situation worse. :-(
SimCity 2000, so much nostalgia right there.
There was no ability to go to war to fix financial problems in SimCity, just cutting spending and raising taxes. Joe Brown has also pointed out that there's such a thing as a debt jubilee and/or shuttling all $35Trillion to the federal reserve in order to start over.
This idea of cycles is such an easy rhetorical device. Yes, cycles are real, as in they exist. But no, you can’t assume that something manifests as a cycle just because it looks similar as in the past. Modernity has killed a lot of the cycles that characterized human societies of the past. To a large extent, the idea is just there to make people feel insightful and thus convince them that you’re right.
Investors are extremely alarmed by the impending recession and the Fed's rhetoric of raising interest rates. My $600,000 stock portfolio has lost 25% of it’s value. Whats the best way to hedge my portfolio to make profit in this coming recession
Everyone is uneasy due to the continuous wars in the Middle East. To get assistance with your portfolio, you ought to speak with an FA.
True, some folks employ hedging strategies or devote a portion of their portfolio to defensive assets that perform well during market downturns and such pointers are provided by engaging the services of market experts just like i did in 2019, amid rona-outbreak, and as of today, i can boost of a 45% enhancement on my $1m portfolio after acquiring assets recommended by my advisor.
The problem with your solution is the dollar was worth 1% the price of gold before 1971.
Excellent video Joe! I just have one question. How do you build wealth outside the system when the the system has the ability to change the rules to access or cut you off from your wealth no matter where it is. The truth is you need to spread your wealth around so much that it becomes near impossible for the "system" to go after all of your wealth at once.
That is why bitcoin was invented.
Thank you again for an incredibly straight-forward explanation of the current macro environment!!
What's the timeline of this? If we need to plan to sell assets?
Thanks, good stuff. I don't plan on getting into sales, but the rest of my finances is well positioned along the lines of your recommendations.
You want to get ahead than make sure that you take on cheap debt by buying assets and the second and most important part is make sure that you have enough in reservers to be able to service that debt for a long period of time, compared to the 80% of the population. The reason is because by the time you can't service your debt because your reserves are empty there are way bigger issues to worry about than servicing your debt!
Super cool that you can predict the future!
This is not a cycle. This is the end of the USD. All fiat dies, fact of life. They are playing the musical chairs, waiting for the right time to stop the music. Most people will not end up with a chair and those who support the WEF will have chairs to spare. Cash is king until it ain't, but having a stash for the coming deflation/crash will allow to take advantage of cheap prices. If you do not have gold and/or silver as part of your plan, good luck!
btc is the Wei. They can tax, hoard, and steal your gold. They cannot steal your BTC. Nothing has ever been as needed and as available for this situation as btc now is, being more broadly excepted with the world's economy starting to consider holding it on their balance sheets at all major financial institutions. It's all just a means of storing wealth, and nothing has the potential to absorb wealth quite like BTC, while remaining so easily divisible and transferable. The cost and preparation necessary to send $1B in gold anywhere in the world is considerably more inconvenient than the cost of sending $1B in BTC. This is a defining factor and will play a key roll in the future of "finance"
Gold is useless unless you hold it in small enough amounts for transactions.
Bitcoin is the only fixed asset that can't be repressed by a government. The State of Wisconsin pension fund has just bought over $100 million of it today. Black Rock and fidelity are buying. Banks are buying it and sovereign funds are too... It has gone up by 117% per year on average for anyone holding it. It's your only hope of avoiding absolute poverty when the shit hits the fan
@@DanWhe I assumed you would have silver also! Gold is for large purchases, cars, house. Silver including 90% constitutional is for daily life. Cash is for the early stages of collapse. People will want paper currency even though it will be worthless eventually. AND...I assume you have food, water, power generating equipment available.
People will still use cash as a black market currency
What this translates into is "The government plays numbers games to allow themselves to spend insane amounts of money, and taxpayers are left holding the bags"
Inflation is caused by unrestrained government spending. The government is spending faster than the people can pay the government bills.
Wrong. Our current president told us it's caused by corporate greed so that's what I'm going with.
Inflation is essentially telling a brick layer they have more bricks then they actually have.
In other words Inflation is lying about how many resources we have.
We printed more units of "money" than we have done valuable work (which, we are all that props up the value of the dollar; no more gold standard).
If the bricks are value and the brick layer is the economy you'll understand why very little ever gets done anymore.
Wtf do you mean get rid of your mortgage immediately, especially if you purchased your house in the last year or two?!?!
Pay attention! He said if it is a variable rate mortgage, since that will go through the roof when interest rates go above 10%.
Fed can only default if their debt is held in another asset (gold). We are not on the gold standard and the fed has a monopoly on the supply of US dollars. The fed cannot default.
The interest expense is just a measure of the interest rate (which the fed can control through buying treasuries or issuing them at lower rates) meaning the fed is choosing to pay that money to debtholders to make debt more expensive. The balance sheet of the fed does not matter whatsoever.
The debt of the fed is the surplus of the private sector. The money in your wallet and your bank account are reserve notes from the fed, you are holding debt from the fed as an exchange of value. The asset sheet of the fed is just the private deficit going to public surplus, which is a small portion compared to the public deficit/private surplus.
There will not be a "massive deleveraging" like the 1940s because
1. We are not on the (pseudo) gold standard, there is no asset for the fed to default on
2. Taxes were substantially higher in the 40s-70s
3. The fed knows that deficit spending and inflation are good for the real economy
4. Like it or not, the US economy is the strongest it has ever been
You do not have to go in to sales and traditional investing will do just fine.
Sure, sure, the dollar in not based on gold, its based on trust, trust by other countries, international commerce and the real US day to day dollar circulation. The problem is that 2 of these 3 pillars are moving away from the dollar, other countries dont want to hold massive amounts of US bonds anymore, international trade is slowly moving away from the dollar, the last pillar, the actual US dollar circulation cannot sustain the debt because america imports most of their stuff, when your dollar means nothing to a foreign company, how do u think your strongest economy will do?
@@rodrigofilho1996 "Trust" is not the word I would use to describe what gives USD value. A currencies' intrinsic value comes from the tax liability incurred by its users- you pay the government a percentage of your property and income otherwise they take it away from you. By deriving taxes from income and forcing you to pay taxes in US dollars this directly couples the US dollars value with the amount of income to pay taxes, i.e. the entire US economy. The only true "pillar" in a monetary system is taxation and the means to enforce it.
By running a trade deficit we are trading our currency (which we have an infinite supply of) for real imports that help the US economy- and thus give the US dollar more value. The sellers of foreign goods that you buy are purchasing US dollars, not the other way around.
As for foreign countries holding US treasuries this is completely irrelevant to funding future deficits. All this is doing is delegating some interest expense of the fed to foreign debtholders, increasing the money supply of USD in foreign countries.
Regardless, USD is still ~60% of forex reserves and has outperformed nearly every currency since 2008, including 2020 and beyond. This means the US economy is growing faster relative to other countries and is therefore able to sustain more deficit spending with less inflation relative to those same countries.
While I agree the USD is weakening, every currency is getting weaker and the USD has gotten relatively less weak. Look at a chart of the dollar index or USD/EUR to prove this. We have had tax cuts and historic stimulus from COVID and the USD is still strong. This means the US economy is quite strong and can sustain more deficit spending.
Liked and commented due to no ads.
Oh! Increase you own money supply! Why didn't I think of that?? Sheesh.
That's bitcoin. You hold it in your head (12 pass-words) and can use it peer to peer like cash. The government can't confiscate it or print more of it. It's a fixed supply, used worldwide, and so will go up dramatically in value once everybody realizes it's the only digital alternative to fiat cash.
@@stopper90004 Theoretically, though, the govt could "ban" Bitcoin (and possibly others) by regulation, mandating "Know Your Customer" requirements, making your only avenue to digital assets through traditional/centralized institutions like big banks, which can be controlled. And also they force us all into CBDCs over time. Hopefully, that can be headed off with the election of the right presidential candidate.
As long as the USD remains the world reserve currency this may work. If not, the trillions and trillions of USD from abroad will come home to roost causing hyperinflation like in the 1920s Weimar Republic.
If a county has the option to buy the same volume but cheaper version why not .. the Petro dollar leash becomes more thinner
I don’t understand why these so called thinkers and influencers or whatever the heck I’m watching doesn’t understand this simple principle.. all of this is based on trusting us bonds and I know I don’t trust them like I used to, so no way can I be the only one the countries and ppl with a ton of their wealth locked up in our bonds surely are concerned, of course they are.. most are probably looking at how to untangle their selves from our broken system at this point.. they certainly aren’t standing in line anymore for us to offload all our debt onto their nations anymore so we can inflate our nonsense onto their economies.. how can this not be seen as something that cannot continue as it is??
Don’t forget that 16% of US GDP is existing housing stock, so our unsustainable housing prices are directly making the debt/GDP ratio look better than it is.
I typically invest half my income in stocks monthly and hold for at least five years. However, my portfolio recently experienced a significant loss of around $150k. What should I do?
Seek stocks with a history of steady, increasing dividends over years or decades, resilient even during recessions. Consulting a certified market strategist can offer valuable guidance on maximizing dividend gains or income.
The post WWII American economic expansion was enabled by factors that no longer exist. 1. The USA was able to export factors of production as the world's factors of production had been bombed to smithereens. We did not have competition from other industrialized nations as we do now. 2. We did not have any competition in global trade from China/USSR.
Recurring entitlement payments and I would include government employees in that group, with a shrinking productive population, makes “this time different.”
Inflating your debt away only works if you don't increase your debt amount faster than the relative value of that debt grows. You think our government can figure that out? You give them too much credit.
Russel Napier said that the USA will inflate the debt away but that this will lead to governments forcing private companies to buy government bonds with their savings which means they will have to dump equities. He also said that capital controls are coming as a means of governments preventing outflow of capital to lower the debt.
Interesting thesis.
America is not the only country in the world, what do u think the rest of the world will do after this proposed US move?
Just use your brain, "forcing private companies" and "capital controls", shit, that never worked ever, the founding fathers would start a new revolution for this shit. Also the rest of the world is already looking for a dollar replacement, how do you think america will do after everyone else dump most of their bonds reserves?
Russel is such a jokester!
@@19Borneo67 how so? Did he say something false? It’s possible cuz no one is always right
11:45 to 12:02
Money doesn't care about profits!
Money doesn't care about value!
Money just cares about protecting itself when there's an entity that is just eroding it constantly at a faster and faster pace!
Get low before there’s no low left to go to….This is the Big One…!!
We’re at the mathematical end of this debt based fiat Ponzi.
when you own a business, the government regulates you into submission, and brokeness
They won't cut rates until the 2 yr Bond drops. Happens every time.
can you explain more about this.. when etc
Yield control is coming, watch Russel Napier
Bingo!
@@daniellogan8825 Pull up a chart that shows the Fed Funds rate and 2yr yield. You'll see the correlation.
@Dianna369 They can't cut rates because of how inflation works. Whenever printing occurs it dilutes into the money supply and lowers concentration of purchasing power. The flow of money is what causes this dilution to occur. Inflation occurs when you print too much money but its lagging, to normalize printing needs to stop. If no one is loaning money because rates are too high, inflation stops being mixed into the money supply, but if they haven't stopped printing its like an avalanche building up a huge snowpack.
What you then get is stagflation where rates remain high, and inflation goes out of control, and that is what the preliminary numbers being released from the FRED have indicated for the past several years (but growing worse).
If they lower the rates, you get extreme hyper-inflation overnight. Food prices skyrocket, self-sustaining shortages occur, and then food systems break down, unrest, and collapse. This is the hard landing everyone references, and it was done by purposeful design by evil people who thought you can print money from nothing. The alternative is deflation, which they have made it so any deflation will cause production to stop, which means no food, unrest, and collapse.
This is why so many rational people have been shouting for the better part of the last 70 years about the consequences of inflationary monetary policy. Its effectively a n-body problem, which by its nature is chaotic, unstable, and prone to failure. Not suitable for safety-critical or life-sustaining functions.
Your channel is great. I still have a hard time understanding the first portion of the video, but very solid information. Thank you.
Thank you, Ranson 🙏
This is depressing. I can't see many people being able to avoid losing more and more purchasing power. And the "capital controls"? Straight up evil.
DEBT IS THE AMERICAN WAY 🇺🇸
@@NoName_NN11 I’m awake Maxinko! Just talking about the USA here! You are correct! Blessings are coming your way!
Great video! First one of yours I have seen. Will check more out now and consider joining your program.
The issue with this scenario is if the US was an isolated entity without a Eurodollar system that has more dollars than the US economy. One big advantage the US always has is the ability to export the debt. The prevelage may be lost if the dollar loses its status as a trading currency.
It revolves around the petrodollar. If that agreement dissolves we're in real trouble
@@andrewcarlson2178 It is less about oil being sold in dollars and more about debt being denominated in dollars today.
I picked up it well now, thankfully you're here for us, very thanks!
"Just get rid of my mortgage"...doh..now why didn't **I** think of that
Please do a video comparing debt to asset ratio of the US Government. Include buildings, lands, military assets, holdings of foreign debt, etc.
Take a look at historical tax brackets laid over the inflation and interest rates from 1950+ and you'll see that we are in for a BIG increase in taxes too. It wasn't just an increase in productivity that took care of the government debt.....we paid it down with tax revenue from the bottom to the top.
😂 LOLOLOL people can't afford food and you think that raising taxes will work
@@j3558 Did you even see what Biden was proposing? Massive tax increases.
They won't raise taxes... That's the quickest way to ensure they're never re-elected. They will continue to hide their taxes through inflation.
Historically, government debt increased during crisises; civil war, WWI, WWII. What crisis has caused the current debt? Excessive spending will destroy this economy and country.
best video , tells you what to do, thanks for making this
Yes, so basically find a good product with a nice margin and go sell it. And if you can manufacture it, even better for you.
Does anyone here realize that a large percentage of our national debt is what our country owes to us? It’s citizens…. Perhaps citizens isn’t the word I’m looking for but “it’s people”, like we the people. They owe us because they have run this country off of our credit since the early 20th century. They have used all of our assets collectively, and even our bodies our persons, they have monitized and then gotten us to voluntarily pledge our assets to them (that’s what you are doing anytime you “register” something - you are giving them the “equitable title”and leaving yourself the “usage title” - that is why you get to keep the item, be it an automobile, or your child, whatever…. That’s why they owe us a large portion of the debt, but since we don’t realize the value of what they have taken from us, (they have even taken away the status we believe being born into this country bestows upon one)!!! As it currently stands, most of us are not even “a party to the Constitution”…. So we don’t technically qualify as a part of the “We the People” group. Thee 14th Amendment. Did not abolish slavery- it broadened the scope of Slavery, and. Took us alll into the net - but changed the wording so we. Wouldn’t. Recognize it as. Such! (They no longer used. The word, “slave”…).
This is fundamentally incorrect. It sounds like you've been enticed by the sovereign citizen brigade, your writing has a lot of those undertones/vibes.
Don't get me wrong, the sentiment there is in the right place, but it is not backed rationally nor does it reflect reality, which is a critical difference between insane people and rational people.
The understandable mistake arises out of a lack of education. It is in thinking its all been done according to the rule of law, and that convenient illusion is what prevents those type of people from recognizing the truth of things.
They work themselves in circles and knots, and think its structured rationally, its all about titles, registers, and birth certificates, like you had any say in things, but then when it comes down to something, its not as you think. That is what socialists do, and have been doing for the better part of a century.
The intelligent among them, lie, mislead, and are both deceitful and malicious; evil to the core because they do so for personal gain (to everyone elses destruction).
Ask yourself, what components make up a rule of law, what is its primary purpose, and what are reasonable limits that if you ask anyone they would say it fails after that point. Then compare that to various news over the past 10-20 years. You'll see that we are actually re-living what Thomas Paine described in the first few chapters of his Rights of Man.
Debt is a mortgage on the future, its a system of dead men ruling.
@@thethan3 the only sovereign citizens are employees of the US gov and state gov... Get real. You're an NPC
@@gridtac2911 You are getting defensive for no apparent reason.
Being wrong is nothing to be ashamed of so long as you correct it back to a rational basis when you find out you were incorrect. Mistakes happen and we can't all know everything.
You are clearly wrong in almost everything you said, and you don't know from what you speak of.
If you continue pushing irrationally narratives that have no basis in truth, you'll have shown that you are being deceitful, or malevolent, or insane.
In either cases that demonstrates that no one should listen to you in the first place.
The latter bodes ill for all those around you.
We haven't paid off our debt since the 1800s, every time we inflate it away it just delays it until it is worse. Now countries are starting to not use us dollar
Great video, love your clear and concise approach!
I watched you mop the floor with Travis at Real Estate Mindset so here I am! Subscribed and ready to dive into all the content you have!