Global Depression by 2025 Inevitable? with Simon Hunt
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- čas přidán 18. 05. 2024
- Interview recorded - 23rd of August, 2023
On todays episode of the WTFinance podcast I had the pleasure of speaking with Simon Hunt.
During our conversation we talked about whether the FED have saved the economy, what a global collapse could look like, why this could lead to higher inflation for longer, the potential for market instability, a commodity super cycle and more!
0:00 - Introduction
1:00 - Have the FED saved the economy?
9:45 - Higher inflation and a recession?
10:50 - What type of global collapse?
12:02 - What will happen in China?
14:48 - Will Europe be the worst effected?
17:43 - The risk of Germany, Russia and China?
20:00 - Minor recession followed by severe recession?
21:10 - What happens to the markets?
21:50 - What happens after the instability?
24:30 - Commodity super cycle?
27:40 - BRICS precious metal commodity?
28:50 - Is it possible for these countries to de-dollarize?
31:28 - Can the current economy survive with a gold-backed currency?
32:48 - Assets to protect wealth during this period?
33:50 - One message to takeaway from our conversation?
Simon Hunt began his career in 1956 in Central Africa as a PA to the Chairman of Rhodesian Selection Trust, one of the two large copper companies in what was then Northern Rhodesia, now Zambia.
In 1961 he came back to London and joined Anglo American Corporation of South Africa as a PA to one of the Board Directors, followed by being part of a small sales and marketing team for copper. From there, he helped start up a new copper development organisation, CIDEC, financed by copper producers, which he then joined, focusing on conducting end-use studies of copper in Europe.
He then went into the City to gain financial experience and founded Brook Hunt in 1975. He was instrumental in setting up the company’s cost studies and end-use analyses. He appeared as material witness and consultant in two ITC anti-dumping cases in 1978 and 1984, winning both at the commission level.
He has spent 2-4 months every year in China since 1993 and until a few years ago would be visiting some 80 wire and cable and brass mill factories across the country every year. He now restricts these factory visits to a smaller number, all of which he has known for many years. He also spends many weeks each year traveling around Asia.
The focus of the company’s services is on the global economy, including the changing geopolitical and financial structures, China’s economy and its copper sector, and then the global copper industry as each part is interconnected.
Simon is the author of the “Frontline China Report Service,” which is marketed by the TIS Group. The Service provides regular reports on China’s economy, politics, and financial outlook.
Simon established this company in January 1996.
Simon Hunt -
Website - www.simon-hunt.com/
Email - simon@shss.com
WTFinance -
Spotify - open.spotify.com/show/67rpmjG...
iTunes -podcasts.apple.com/us/podcast...
LinkedIn - / anthony-fatseas-761066103
Twitter - / anthonyfatseas
Thumbnail image from - foodbunker.co.uk/blogs/what-w...
Can this impending depression be avoided?
No way. The FIAT ponzi is literally BLOWING UP
@@BlueWaterSTAXbeen hearing this forever now 🤣😁😂
Depends on the abysmal depth of the central bank balance sheets before all confidence is lost, but we shall find out soon enough. Thank for the show, great guest. Cheers.
Yep If you die before it happens.
@wimvanaerde6249 Because the Government has been faking the Numbers, and buying up Stocks on the Exchange, PLUNGE PROTECTION CREW, it's all a scam, The market is a ZOMBIE. Ever think we are being lied to to keep the bull going
I used to think everybody went broke during the Great Depression and other major crashes but they didn’t… Some made millions, I also thought everybody went out of business during these times but they didn’t, some went into business, there's always depression/recession for some people and there's always a good time for others, it's all about perspective.
most of these strategies and loopholes are better managed by experts and pros in the market, the average Investor on the other hand are left to suffer during a crash.
The issue is people always have the “I’ll have to do it myself mentality” Unapologetically, that’s why the get heavily affected during a crash and coupled with the fact we’ve had the longest bull run ever in the American history, most folks aren’t equipped to manage this crash and it’s impending opportunities well enough, so it only makes sense to seek proper guidance during these times, that’s what investment advisers are for, been using one ever since the pandemic 2020 and I’ve been barely affected by crash, I have $850k in profit sitting in my portfolio and I’m unbothered about the market outcomes.
@@LukeMcfarlane5 Well if isn’t that the hard truth…this investment-adviser that guides you must really on to something…who is he?
It’s a She actually ,Dawn Maureen Humphrey, I initially came across her on a CNBC news report then on smart advisors and I decided to hit her up. Best decision I made to stay afloat 2020.
@@LukeMcfarlane5 Thanks for the contributions, I just skimmed through Dawn Maureen Humphrey webpage, interesting stuff, wrote her an email.
I think we are too obsessed about the economy crashing. In the right sense, the economy never crashes. It just undergoes cycles, and almost always recovers. So I really don't care what the predictions are. I just want to grow my portfolio. I read that people are pulling in massive profits despite the downturn. Any tips on how they do it?
The market will always recover. The goal is to find quality stocks with long term potential. It's hard for the average Joe to do this, because it involves following a lot of industry news, following up with earnings, etc. It's easier to invest through an advisor who knows how stuff works, and make rocket returns.
Investing in quality stocks for the long term is a great strategy, but it can be challenging for individuals to do it alone. Staying updated with industry news and earnings can be time-consuming. That's why working with an advisor can make things easier. They can provide guidance and help you make informed decisions for potentially higher returns.
@@TomD226 Well if isn’t that the hard truth…this investment-adviser that guides you must really on to something…who is he?
@lowcostfresh2266 It’s a She actually, Laurel Dell Sroufe I initially came across her on a CNBC news report then on smartadvisors and I decided to hit her up. Best decision I made to stay afloat 2020.
@@TomD226 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 résumé.
Simon is a legend. Thanks for having him on WTFinance Anthony. Good job guys 👍
Agreed! Thanks so much for watching
If Simon Hunt is close to right, there is a tough future ahead for zombie companies and their employees.
Tough future for most people with their high credit and other debt levels
😂 depression. Recession. Inflation. Stagflation. Whatever. We screwed.
The economic numbers are always cooked. Inflation is double, unemployment is way higher than represented. The debt is out of control and the money printing will go exponential in the coming years. End the federal reserve or America and the west will crumble. Read a history book on central banking
I had been predicting for some time that as early as October the rates will come down & inflation will be much higher than 10%.
Ah, but what would replace the Fed? I don't like the Fed either but we could end up with something worse.
@@l.a.mottern3106 lol
@@shawnkristoferu8303 Sorry no. One of the tactics for the WEF is to collapse the western nations, destroy their economies and their currency. Isn't it obvious that the shadow government is trying to do exactly that. Making interest the largest part of the budget and then dwarfing all the rest will hasten our demise. Interest rates will stay higher for lower. They won't start dropping them until something breaks. Lots of stuff has broken already but the fed and Uncle Fraud keep papering over the losses. There most definitely will be a correction. The world is spinning HUNDREDS of plates. One of them is going to drop where the central banks, IMF and world bank can't paper over the sound of the crashing. Note, Uncle Fraud is ALSO papering over the crashing with fraudulent stats, e.g. unemployment, inflation, gdp. There are gobs of clues to that effect.
Excellent presentation.
Appreciate it
Thank you! Appreciate your support
Simon is a wise man. Great program
One of the wisest! Thanks for watching
This guest is amazing excellent and much needed old school thinking 🎉
THANK YOU SIMON!!! Amazing advice!!
Repent the end is nigh...in gold we trust...
always a barrel of laughs old Simon, I bet he's a hit at parties
Yes, but I bet he will be an even bigger hit when people begin to twig that the current party is almost over :)....
Someone has to speak the truth!
@@WTFinancepodcast Indeed, but the biggest problem is facing it. Let's not forget, the only free cheese is in a mousetrap :)
Very insightful interview!
I really need to see & listen to Simon Hunt when I want to be depressed in the Bath
😂😂😂 I know the feeling!
beautifully intricate conversation
Fascinating man . I really enjoyed listening to Simon
Great convo. I'd love to hear you interview Steve St. Angelo about the coming energy cliff.. He's great in conversation and I think we could learn a lot from the two of you together.
Thanks for watching! Appreciate the suggestion, will reach out to Steve and see if we can put it together
I will not mask or comply! I feel sorry for people in the medical or other areas that have to choose job or jab sadly
That was my family member. They raped her!
You are the reason it’s still around.
Thank you
Excellent report 💯
Thanks for watching!
Superbe analyst
Pondered, prescient, visionary
Steady, thinking, measured, dispassionate, terse synthesis
Merci infiniment
Paris
🙏🏼🕯🕯🙏🏼
Great !
Well.. this just put me in a good mood.
Excellent 👌 Guest !
Thanks so much for watching, appreciate it!
Great interview ❤
Thank you!
Nicely interviewed giving time to speake
Thx 😊
Thank you guys 😃👊
Thank you! Appreciate your support
Bring it on
In times like these listening to the elders is wise, they have seen a bit more in their experiences then most of these “so called experts” still wet behind the ears.
Agreed! Unfortunately most people don’t have this way of thinking
A lower high, a little reversal, then spike up, then the biggest plunge. For a big chill
Simon was a stand-up comic in his younger days!!
You vill own notzing, you vill eat ze bugz, you vill be happy about it!
😂😂😂
Klaus' Smoked Insect Knockwurst :-D
And Know Nothing
Klaus swab
I do not think that the clowns realize it yet, they do themselves in, as well....as they perch so confidently on their tiny little thrones.
I was just not able to understand if the equities double before 2024 or in the period after the minor recession do 2024?
After the minor recession in 2024 and before the big crash
Good guest.
Agree.
Thanks!
So many weird patterns with the pre-WWII 1930's.
Potentially post war too, hard to see what type of future we are going to experience
This guy is not 100% correct as his bias is easy to see from the many programs where I have seen him appear. I thank him for his perspective because without his view I could not see a fuller picture of my views.
What would you say his bias is?
Thank you CZcams for 2X
Thanks for watching! I always utilise it, sometimes wish we could go faster 😂
The old red face dude completely ruined my day!!! Gonna start my garden this week.
turn the video speed up 2 levels,
still slow, but normal sounding
I do that with a lot of my other podcasts
His website wont load for me. (Canada)
I had the same issue trying to load it after the interview. Seemed to work yesterday though, so may just be a short term glitch.
Mr. Hunt's website resides upon an exceedingly slow server. But, it's there - you just have to keep on refreshing the page. I'm a subscriber to his excellent newsletter; so, I feel your pain.
So keep cash to buy the dips on commodities. Keep mobile. Or prepare for self reliance away from cities.
investing in commodities has to be horrible investing advice.
@@justinuwaidia5873 well personally I buy commodity stocks when they dip. Worked well for me so far with some silver on the side.
I wanted to hear more of what he thinks society will be like. And will we be able to fight the CBDC, and social credit score linked to our digital ID.
Yes, that'd have been good, but the answer already known.
The public fell for covid, there's zero chance they'll resist CBDC.
They're just useless eaters.
Kisssinger was right.
Thanks for watching! Will have to have Simon back in the future to ask these questions,
Also, Martin Armstrong's 2032 vid/interview dovetails Simon's presentation beautifully. Simon is amazing! I could listen to him easily for another hour. Will watch out for him again!
It sounds like he is describing the 4th Turning and we have a few more years of it until we go to the 1st turning and the awakening.
Much of the Dust Bowl was created from over farming.
Could that have been a factor due to the changing weather cycle?
@@WTFinancepodcast sure, but all of the history books say that this was the cause - in 1930 - the world didn’t have that much of a carbon footprint. BTW - climate has been changing since the beginning of time or they wouldn’t be looking to see if there was ever a trace of water on the moon and Mars in the past. If you are a believer in Big Bang then you have to believe that the entire universe is constantly moving and therefore -CHANGING.
Crops began to fail with the onset of drought in 1931, exposing the bare, over-plowed farmland. Without deep-rooted prairie grasses to hold the soil in place, it began to blow away. Eroding soil led to massive dust storms and economic devastation-especially in the Southern Plains.Oct 27, 2009
A scare at bedtime....😂....Simon is great at it.
😅 hope you could get to sleep!
😢😢😢 I know he’s right I’m trying to prepare but this sucks
Gotta love Simon Hunt. Top man but as a comparison he does make Victor Meldrew sound like Gottfried Wilhelm Leibniz.
It is fun watching all the old people telling young people you're all f...d but you know keep giving me an aged pension, bed subsidies, tax incentives on my investments, 5% interest on my term deposits....and free healthcare....as I see my GP, pathology or scans every other week.....you know I'm worth it....but I'm afraid you won't get what I'm getting later.....but if I don't spend the grand kids inheritance on laying by the beach working on my tan⛱🏄♀️🏄♂️🏌️♀️🏌️♂️🍹🍺🥂 that's if the kids had kids....but you know I'm all right Jack till me and the missus are 100....living off taxpayers....I'm almost wanting a war so they go early as hospitals cease to operate.
Where do you know him from?
What basically got us here is the investment game. The pressure to never take a loss pushes any civilization toward it's end.
Well said
Can see the future clearly. We are in for a time. :((
Get curency out of the banks Buy gold and silver
Have you tried to make a large withdrawal of your own money? It was the creepiest thing I have ever experienced.
Or buy something useful that people would actually need & want to buy
🚨
I dont think it will be long now. The area I live in is relatively strong economicly. We are starting to see cracks in the system locally. Get our of debt asap.
Watch at x 250.5 speed.
Germany + Russia + China.
No leader or leaders can fix what is happening in this world. Only God alone can fix this world. We are living now in beginning of sorrow we are going to see darker days ahead of us and it is not far off. We going to see depression, starvation, homelessness more frequently. We need to give our lives to Jesus walk in the way of the Lord. Turn from evil, the greed love of earthly things and look to Jesus the author and finisher of our faith.
Absolutely amen. God is in control.
“Blessed are those who hear the word of God and keep it.” - JESUS CHRIST
“Without Me you can do nothing.” - JESUS CHRIST
The government's statistics are, for the most part, misleading. For example, unemployment. People who are not actively looking for a job are never included.
They definitely tell a different story than they are meant to
It’s Difficult to Make Predictions, Especially About the Future , mark twain
I was surprised to hear Simon mistake the word “exasperate” for “exaggerate.”
Senioritis. It happens.
2023 - its now - people are losing everything they "worked" for get the children out of school and teach them truth
We have some very serious things coming like we've never seen before there will be soup lines to feed the middle class and lower class
Respectfully, news flash they've been here for years...maybe not in your area but we're I'm from a small soup kitchen has been feeding 300+ people a day for at least 7 years...
Happy to heat his optimism after early 2030’s - but doesn’t mention CBDCs and totalitarianism-how will “common sense prevail” and take us out of that? How does Klaus (Schmidt) Schawb lose power?
Interesting interview but your thumbnail has one 'N' too many 👍
Thank you for pointing this out! Have changed it now
Inverted yield curve is at steepest in history. There usually recession coming after yield inverted back up after 1 to 2 years. It's hard to think we can escape this time. In the past, recessionin 1980s, and 2009. The yield curve is still inverted. Wait until it's back to postiive then risk of recession will be larger. Unemployment rate is steadily increasing. It's cyclical. It goes really low and then goes back up, then recession. It's business cycle. Recession in 2025 or 2026 is possible.
You don't get it to ask why he says the equities will soar [21.00] while as he puts it things are to worsen eventually in near future lasting up to early 2030's...
This is called a dazed off interviewer not in the least giving decent attention during an interview...🙁🤣
Simon talked about how a FED pivot, increased liquidity and market euphoria will help a market pivot as has previously occurred. This would be the last time such action would take place. Sorry that wasn’t clear, thanks for watching!
Old school economic prophet declaring the "end is here!"
Not to worry--you will be robbed as well. Expect it.
He failed to mention BTC.
Do you see BTC as an alternative to the current system?
@@WTFinancepodcast imo, BTC isn't the 'answer' but is certainly part of the future.
BTC is best seen as a store of value. It's not ever likely to be a money, and definatly not a currency.
The principle of the blockchain is inevitable. Future monies will have to use it.
For the private citizen, gold has big problems with assay, capital controls and tax. It's very difficult to move it across borders.
BTC solves all those problems.
CBDCs are the future, the public are just too weak and stupid to stop them.
Yes
I can't understand why Xi Jinpeng is not opening up the credit taps.
He has been, just not enough
LOL Scary to think. Simon can be wrong with timing and it happens by 2029. The young boy is definitely enjoying it LOL
Will Europe be the worst effected? → Will Europe be the worst affected?
Europe and China aren’t looking too flash at the moment
Interesting drama! But the results of human dementia it’s far to come to a real solution!
My system can never have a depression. So all they need to do is switch to my system.
Been hearing this forever now 🤣😁😅
Exactly. This guy isn't worth ignoring.
We haven't avoided paying the price for 15 years of money printing. We've only delayed paying it while it accrues ever higher. You can't taper your way out of a Ponzi Scheme. The bill will come due.
Do you think it is coming?
After this next lockdown, the US economy will be primed for another Great Depression. WW3 will probably follow.
Kiss me 🥇
To cut it all down , middle class , governments want this level of class gone…
Please interview me...words I will use will include....nuclear war...starvation... apocalyptic...end of worlds... Armageddon...catastrophic...zero...crash... depression...civil war...social meltdown...chaos...chaos theory...zombies..😂
😅 no prerequisite, just looking to talk with interesting individuals!
If you can explain where the zombies come from …
Dont hurt yourself there Nostradamus.
Where can we read more about central banks and governments having unleashed US$200 trillion more than the value of GDP between 2014 and 2021? I haven't heard this fact before.
Klaus "Schmidt" ? Who the heck is this ? You mean Klaus Schwab ?
Some of us already there. Let the power fall. I'm dying from graves/heart disease. Hope I live long enough to see it crash worldwide
So sorry to hear! Thank you so much for watching.
What’s wrong with China’s stock market? No idea of even recognition.
He also predicted a severe downturn from 2013-2018…never happened.
Would it it be like the 1980’s in the USA? With hyperinflation ?
Simon is not reading the room in the US, we are done with government mandates and masking.
Just look at your current situation right now, I bet you are just running around just to keep up with your current lifestyle, add mass panic and we’ll be back to 2020 situations very quickly.
If you can read between the lines, you be much better prepared than the average chump.
I think a lot of people are doing it and unable to keep up their lifestyle! Thanks for watching
We have been saying this for years and years. No depression in sight.
JUST MORE INFLATION..1 GUY 100 A WEEK ON GROCERIES. AND WATER
Congress spending $Trillions and $Trillions putting the country in further debt has keep away a full-blown depression.
SLOTH ECONOMY BY SIMONE SAID
DEDOLLARIZING HAS ALREADY STARTED THERE BUD WHERE YOU BEEN🙄
Bitcoin
Cracks me up, these guests that put their face at bottoms of screen. 😂
😅 haven’t figured out the benefit of high quality tech yet!
Don’t think he cares. He’s a legend.
The collapse eara is never going to come back, as for higher debts, it's part of the future disruption of technology and way of life. As for microeconomics, well, this is where some will say, "Life is not fair." There will always be losers and winners .
This is what my Shiney crystal ball says.
How long can the FED and governments come in to save everyone before a collapse in either assets, debt levels or the currency occurs?
@@WTFinancepodcast fed and government own the money printing and always have been, and they just get smarter with monetization of the future.
Whenever there’s a CZcams video title containing a question mark, 90% of the time the answer is no. It’s inevitable Betelgeuse will go supernova too one day. It’s coming… YT doom prn.
Totally, it’s so toxic. CZcamsrs are desperate to make their channels watched so they can collect ad revenue. Not only do they dream up dramatic headlines to captivate attention, it comes first with dreaming up dramatic content. There is tightening on the horizon. That’s the bottom line. Does anyone need more than that? Use your instincts to figure out the rest.
A whole lot of extra stress that no one needs.
Idk about that he’s pretty much spot on. A huge crash is imminent. They only delayed it with the stimulus.
Jackson Hole meeting....agenda item.....
How do we turn off Aged pensions at age 80?
How do we restrict hospital and radiology to clinically suboptimal patients?
How do we restrict taxpayer funding of TTR and post retirement phase and adopt "son looks after ageing parents" as Asian culture does?
That might be more Davos and the other elites
i lisent a lot of wise man int the last 25 jears ,they allwas rong in forcasting
I feel like he is stuck somewhere in time
Do you disagree with his thoughts?
Wasn't he in the movie
the Time Machine?
I am honestly sick to death of tight people talking about money .
I don’t know what all the fuss is about . I don’t care ❤
Odious debt fake debt
im only working part time until things improve in this pathetic excuse for a democracy.
i hope the boomers who caused all this have their pensions collapsed.
Why so serious?
Correction. The boomers didn't cause this, corrupt govt and big corporations did.
Please don't include these clicking sounds in your podcast
Those with heating aids find it very painful
Thanks for feedback, will try to avoid in the future
Biden & co are working hard to make your💣dreams come true