Rentiers derive income from ownership, possession or control of assets that are scarce or artificially made scarce. Most familiar is rental income from land, property, mineral exploitation or financial investments, but other sources have grown too. They include the income lenders gain from debt interest; income from ownership of ‘intellectual property’ (such as patents, copyright, brands and trademarks); capital gains on investments; ‘above normal’ company profits (when a firm has a dominant market position that allows it to charge high prices or dictate terms); income from government subsidies; and income of financial and other intermediaries derived from third-party transactions. Standing, Guy. The Corruption of Capitalism: Why rentiers thrive and work does not pay (p. 94).
When manufacturing was done in the US, a middle class family could buy a house and live well with one income. So it’s false to say we cannot produce items here at an affordable price.
Jesse, you always ask the best questions. Thanks! Mr. Stansberry was a great guest. What an interesting partially contrary viewpoint from my natural resource theories.
Damn I didn't realize Stansberry Porter was a real person! I thought it was the name of a pump-n-dump newsletter peddler. 😮 The best place he could find for vid backdrop was a corner next to a hallway? That's terrible. At least sit at a desk with books behind you. Or plants. Or something. A corner? 😂 No. Can't take this guy seriously. He's infamous and not in a good way. His eyes looking to the left? He can't look at the camera?
After 30+ years of monitoring Porter Stansberry, including being a subscriber to his research, I can say without hesitation that Porter Stansberry is definitely someone you should ignore completely. Do not listen to this guy! Move on, do not waste your time, he has no insight or edge to offer.
#Depression -Irish Star article. Donald Trump makes terrifying 'Great Depression' threat Dec 30, 2024 - Donald Trump has warned that the USA is teetering on the edge of a Great Depression, warning over 'potential disaster' as the national debt ...
Great value choosing, with over 10 yrs to thrive, has been a prolific approach among many others - in the last generation. The fiat system is not poised to exist for another 10 yrs. Know your space. Commodities, value, real estate...and always have exit plans. A great German investment in 1925 post hyperinflation with a 10-20 yr outlook - analogy - would have reverted to a median of ruins, literally.
When I heard him say DT was a political genius, I had to hit the next video button....sorry about that and NO I have never been a democrat so no need to even reply. I just look at historical facts and the facts are that DT is a very well known since the 1970s high level self serving con artist. If he is a genius politician, it is only to manipulate in a way to personally benefit himself as everything else he has ever done does even not caring who it may hurt. There is a hwy of financially destroyed people in his rearview mirror for decades.
Zero follow up questions to his spiel on stocks? Switch right to “I’d like to get your thoughts on gold and silver” ? That triggered me to pause the video and do nothing.
The problem with the welfare state is that the ruling rentier oligarchy sucks all the wealth out of the productive economy for themselves.
Rentiers derive income from ownership, possession or control of assets that are scarce or artificially made scarce. Most familiar is rental income from land, property, mineral exploitation or financial investments, but other sources have grown too. They include the income lenders gain from debt interest; income from ownership of ‘intellectual property’ (such as patents, copyright, brands and trademarks); capital gains on investments; ‘above normal’ company profits (when a firm has a dominant market position that allows it to charge high prices or dictate terms); income from government subsidies; and income of financial and other intermediaries derived from third-party transactions.
Standing, Guy. The Corruption of Capitalism: Why rentiers thrive and work does not pay (p. 94).
When manufacturing was done in the US, a middle class family could buy a house and live well with one income. So it’s false to say we cannot produce items here at an affordable price.
Jessie: This should have 100,000 views. This is your best interview ever. Thanks
Thank you, I really appreciate the kind words.
@@CommodityCulture Most welcome
A very well reasoned and mature analysis by Porter. A number of very good suggestions.
Agreed, I was very impressed with his depth of knowledge.
This gentleman is smart. Bring him more often.
Couldn’t agree more
Agreed!
simple and profound.
I think so too, was very impressed by Porter in this interview.
Jesse, you always ask the best questions. Thanks! Mr. Stansberry was a great guest. What an interesting partially contrary viewpoint from my natural resource theories.
Thank you for watching and I agree, I enjoyed hearing his take that is so different from most guests on the show.
Thank you Jessie/ Porter.! 🔥🙏
Thanks Jesse ... there were a few "gold nuggets" one can take away from this interview. #EndTheFed 🇺🇸
Great interview,
Great interview. Thank you.
Glad you enjoyed it!
Good stuff Jesse! Great guest, you’re on a roll sir!
Thank you!
Quotation: "Democracy is nothing more than mob rule, where 51% of the people may take away the rights of the other 49%."
Excellent discussion, thank you very much!
Thank you for watching!
Knocked it out of the park, Jesse!! 👍
Thank you sir!
Excellent guest 💖
I like the intro style
Excellent and to the point, knowledgeable guest. ❤
40:35 brilliant 🤣
Thanks, glad you enjoyed it!
@@CommodityCulturewatching parts again
He is genious
Where has Porter Stansberry been??
Free Market? What planet is this guy living on? Trading baseball cards on the playground is where the free market ends.
The USA tax structure needs to change immediately. The IRS tax law system is ridiculous.
Government today is Big Brother.
Thank you. This is great stuff.
Glad you enjoyed it!
And “Democracy is the worst form of Government except for all those other forms that have been tried from time to time” from Winston Churchill
Ireland is not 'free' to replace the Irish.
Ireland is not replacing the Irish, the corrupt, mentally ill woke bought off Irish politicians are.
This guy is why the zombie zombie apocalypse movies will have to change to include “zombie infection triggers” as a major source of the calamity.
Great advice on emerging markets. Many are submerging.
My first visit to ireland was 1972 and it was very poor. Now that appears different. AndvI just got a 2nd passport - EU ireland.
Amazing guest.
He's exactly right
Super Porter !
Damn I didn't realize Stansberry Porter was a real person!
I thought it was the name of a pump-n-dump newsletter peddler. 😮
The best place he could find for vid backdrop was a corner next to a hallway? That's terrible. At least sit at a desk with books behind you. Or plants. Or something.
A corner? 😂
No. Can't take this guy seriously. He's infamous and not in a good way.
His eyes looking to the left? He can't look at the camera?
Porter can have his SONY shares for the next 10 years but I'll stick with my FCX shares.
A 10 guest Jesse.
After 30+ years of monitoring Porter Stansberry, including being a subscriber to his research, I can say without hesitation that Porter Stansberry is definitely someone you should ignore completely. Do not listen to this guy! Move on, do not waste your time, he has no insight or edge to offer.
Same here!
Lol he lost me when he started deriding commodities
Agree. Toral flake and newsletter scammer / salesperson.
Same here. Too much talk but no substance. His firm's track record sucks.
@@faithsrvtrip8768 I agree
I disagree with him on commodities. When everything is deemed to be Fake wealth everyone will run to Real Assets.
My portfolio certainly agrees with you.
YES YES YES _ PORTER STANSBERRY _
#Depression -Irish Star article. Donald Trump makes terrifying 'Great Depression' threat
Dec 30, 2024 - Donald Trump has warned that the USA is teetering on the edge of a Great Depression, warning over 'potential disaster' as the national debt ...
The Great Taking will relieve you of your Matrix wealth! Buy gold and pray for sanity to return!,😢
Rich folks are in deep sheet.
Great value choosing, with over 10 yrs to thrive, has been a prolific approach among many others - in the last generation. The fiat system is not poised to exist for another 10 yrs. Know your space. Commodities, value, real estate...and always have exit plans. A great German investment in 1925 post hyperinflation with a 10-20 yr outlook - analogy - would have reverted to a median of ruins, literally.
When I heard him say DT was a political genius, I had to hit the next video button....sorry about that and NO I have never been a democrat so no need to even reply. I just look at historical facts and the facts are that DT is a very well known since the 1970s high level self serving con artist. If he is a genius politician, it is only to manipulate in a way to personally benefit himself as everything else he has ever done does even not caring who it may hurt. There is a hwy of financially destroyed people in his rearview mirror for decades.
Trump is the best America used car salesman full stop 😂😅
you are a degenerate demcrap
@@Kingofthehill84 surely is
Empire Collapse
👍
so full of shit
Hersheys since 2000 6X
Gold 10X
good interview, but wish this guy could look you in the eye when he speaks rather stare off into space
Outstanding!
😊
More BS
Zero follow up questions to his spiel on stocks?
Switch right to “I’d like to get your thoughts on gold and silver” ?
That triggered me to pause the video and do nothing.
This guy is such a BSer, compares him to Teddy Roosevelt, 😂🤣what a travesty😂🤣