The developed world is on the brink of a financial, economic, social and political crisis

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  • เผยแพร่เมื่อ 21 พ.ย. 2024

ความคิดเห็น • 4.3K

  • @minivanjack
    @minivanjack 5 ปีที่แล้ว +61

    This is one of the best products of media I have ever seen. Someone who knows something and knows how to explain it without any hype or glitzy trappings. This interview is a treasure.

    • @fullclipaudio
      @fullclipaudio 5 ปีที่แล้ว +7

      Minus all the silliness about women and blacks being "under attack". Pure leftist propaganda.

    • @dynastus
      @dynastus 5 ปีที่แล้ว +3

      @@fullclipaudio Yeah 100%..it took a 'left turn' there!
      Kind of hit the guy's credibility for me a bit - he;'s really just a guy with a british accent and a suit after all(and manages 1T in funds with a little help).
      If anything, white males and the white heritage is under attack(especially from revisionists). I mean, here in NZ our origin story is literally being rewritten in real-time with Captain Cooks first arrival being altered. And in Australia, there's literally a diversity statistic listed companies are urged to measure and track.
      That aside, if any of you reading haven't already been triggered for whatever reason, check out Seth Klarmans Book..if you can get your hands on it (arrr, me hearties) and give it a read. Man rivals Warren Buffet in ROI but doesn't leverage any fame to achieve the returns(unlike WB). there will be a lot of money to be made in the days to come, thats for sure.

  • @johnaugsburger6192
    @johnaugsburger6192 5 ปีที่แล้ว +191

    ABC, CBS, and NBC should air this unedited without commercials. We need a dose of reality. Big time.

    • @dwightwhite7838
      @dwightwhite7838 5 ปีที่แล้ว +19

      And why would those who own the media allow for the truth to be aired. Your confidence is misplaced so far as it relates to the media & those running this System. ALL of this is by design; don`t be deceived.

    • @MrHarveyrex23
      @MrHarveyrex23 5 ปีที่แล้ว +18

      NBC, ABC, CNN, FOX, MSNBC etc all supports this filthy flawed unstable destructive economic system.

    • @dannhymir9678
      @dannhymir9678 5 ปีที่แล้ว +2

      I think if they did that, it would easily cause a mass panic, with a recession (depression?) becoming a self-fulfilling prophecy. There will be a catalyst that will get everyone's attention anyway. Let the media lie still, while we have a few more months of the status quo (there's no easy fix at this point).

    • @TimezUp23
      @TimezUp23 5 ปีที่แล้ว +4

      Wrong. Dude actually said American citizens who arent white straight men are under attack. No American citizen is under attack. The guy didnt even talk about the US and its western allies controlling the oil markets through Petro dollars. The guy completely left out the wild card... ie the US military which backs the Petro dollar. But he would be perfect for the mainstream networks. Basically only for bashing trump. Obviously no one that is an American citizen is under attack by Trump. At least I haven't seen trump issuing orders to attack citizens. I have seen some radical leftist and right wingers attacking people. But that has always been going on. Overall the US debt does need to be addressed. We should stop government programs and slash government spending. Raise interest rates and let equity drop in value. It seems clear we are in a bubble like trump said during his campaign. It is also clear that US corporations got scares out of the US by unions. So US corporations like cheap labor in China and also like charging Americans full price. Nike would be a perfect example and so would apple. We should see the savings they see , but no. iPhone 1000$ and Nike shoes 150$. So the government and unions really screwed manufacturing in the US long ago. Trump is only trying to get things back to the US, but he is probably too late

    • @benkenobi292
      @benkenobi292 5 ปีที่แล้ว +1

      Hope you’re not holding your breath.

  • @andysgarden296
    @andysgarden296 5 ปีที่แล้ว +56

    Spot on!!! Now would it b nice to see this dude on cnn, Fox, abc, cbs, nbc, msnbc, pbs N E WS!!! Ain’t. Happening. He is tooooooo truthful. 💀💀💀💀💀

  • @antpoo
    @antpoo 4 ปีที่แล้ว +46

    I would love to hear his opinion on current events.

    • @ikmore7709
      @ikmore7709 4 ปีที่แล้ว +6

      100 percent still valid!

    • @_S._S._
      @_S._S._ 4 ปีที่แล้ว +4

      You're hearing it. I feel like this man has a crystal ball.

    • @kylenulises9120
      @kylenulises9120 3 ปีที่แล้ว

      sorry to be so off topic but does anybody know a trick to get back into an Instagram account..?
      I stupidly lost my login password. I appreciate any help you can give me.

    • @theciakilledjfk5973
      @theciakilledjfk5973 2 ปีที่แล้ว

      @@_S._S._ I actually just got a message from him. He says that the worst is likely still to come and noted that gold hasn't moved yet. Really nice guy.

  • @gregsmith3001
    @gregsmith3001 5 ปีที่แล้ว +352

    Brilliant. Telling it how it is in a way that was very easy to understand. Thank you.

    • @parkerbohnn
      @parkerbohnn 5 ปีที่แล้ว +4

      The guy's off his rocker I've wrote books on economics. The fact is you always want to put your money into the world's reserve currency until it isn't. Trump is the problem and the imbeciles that voted for him as well as the Russian interference in the 2016 election.

    • @Lyle-xc9pg
      @Lyle-xc9pg 5 ปีที่แล้ว +11

      Half of this is leftist bullshit, what the fuck are you talking about

    • @user_mac0153
      @user_mac0153 5 ปีที่แล้ว +3

      @@Lyle-xc9pg The other half of this...

    • @JamesMiller-br7fe
      @JamesMiller-br7fe 5 ปีที่แล้ว +9

      @@Lyle-xc9pg Seriously, anyone who thinks China is solvent, well, I've got a piece of the Brooklyn Bridge I can sell him.

    • @viviangreer4793
      @viviangreer4793 5 ปีที่แล้ว +8

      @@parkerbohnn you've "wrote" books? i doubt it.

  • @powray
    @powray 5 ปีที่แล้ว +362

    I was expecting him to say “but for 19.99 with this book you could save your loved ones”
    But he wasn’t selling anything and now I’m worried

    • @jemeriah2467
      @jemeriah2467 5 ปีที่แล้ว +2

      Well put,similar feelings myself

    • @powray
      @powray 5 ปีที่แล้ว +3

      Bainsworth I hope his not trying to sell China as the good guys of the world here since every British are treasonous by nature

    • @davidrapalyea7727
      @davidrapalyea7727 5 ปีที่แล้ว +4

      I learned nothing and may even know something he does not. First, almost half of all households own stock shares either directly or indirectly through mutual funds. And second:
      The Debt That Will Never Be Collected
      The government issues bonds to itself and has never once demanded repayment. It's PRINTED money! But all that printed money has not caused inflation because the goods and services bought were roughly equal to what was printed.
      This has been going on for generations and inflation has been modest since the 1980s. (see below) If the government had not spent that money and cut spending like Greece did?
      We might not have 25% unemployment like Greece but you tell me what would happen if we stopped printing money. Greece does not have adequate demographics to ever recover.
      Inflation 60 years.
      www.google.com/search?q=thirty+year+inflation+chart+us&client=ms-opera-mobile&channel=new&espv=1&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjNwNyeoP7jAhVEiOAKHTeMCpEQ_AUIESgB&biw=1100&bih=696#imgrc=qsxHcnxTNoWmaM:

    • @Aloewells
      @Aloewells 5 ปีที่แล้ว +1

      @@davidrapalyea7727 The world especially China and INDIA will kick for bonds. Moreover dollar will be zero. Americunts lifestyle will be changed forever to 5th world.

    • @davidrapalyea7727
      @davidrapalyea7727 5 ปีที่แล้ว +1

      @@Aloewells Re: US self sufficiency - we are slowly going home but have legacy treaties. China could be rid of us but would require them to get along with the neighbors. HA!
      USA now has more hydrocarbons than god. Both energy (natural gas) and industrial feed stocks (natural gas) are both plentiful and cheap. Natural gas is a byproduct of oil fracking and will continue to be flared until pipes are installed. Peter Ziehan on hydrocarbons and demographics (1 hr) th-cam.com/video/BHr999RGPQw/w-d-xo.html

  • @rsalehi6568
    @rsalehi6568 5 ปีที่แล้ว +90

    Negative interest rates that degrade the uber rich isn't the problem. It's the breaking of the average Joe's back without adequate compensation that is tanking the Western economies, especially in the US.

    • @montoyamontoya579
      @montoyamontoya579 5 ปีที่แล้ว +7

      We need a Resource based economy, look The Venus Project, Jacque Fresco

    • @rsalehi6568
      @rsalehi6568 5 ปีที่แล้ว +4

      @@montoyamontoya579 I'm familiar with that idea and project. I hope a small country would institute it and show the rest of the world of its inherent superior structure.

    • @dickh1253
      @dickh1253 5 ปีที่แล้ว +5

      R Salehi You are 100% correct. Thanks for pointing it out. But there are also other contributors to our present economic dilemma: a US Government that spends too much (they will not ever balance our budget), a US population that is deliberately ignorant of what's going on, a US banking system that works only for its own profits and not its customers, a US political system that is so divided that little is getting done in Congress...and so on. We need some clear guidance from God almighty.

    • @ihatem2970
      @ihatem2970 5 ปีที่แล้ว +6

      R Salehi Here in Ultra socialist Europe it’s not any different. People are broke and living on government welfare and paycheck to paycheck. The government is hunting out corporations thru insane taxation

  • @PlayfulJoyful
    @PlayfulJoyful 5 ปีที่แล้ว +324

    The companies that gambled and lost need to go out of business and rich people need to lose their wealth when their businesses and investments crash. The tax payer should not pay.

    • @hbarudi
      @hbarudi 5 ปีที่แล้ว +21

      This comment is what capitalism is about.

    • @michelguevara151
      @michelguevara151 5 ปีที่แล้ว +23

      @@hbarudi not capitalism per say, it's greed and financial disconnect.
      our president is an 'ex' rothschild banker, he thinks anyone who doesn't have a few million is a non person, not realizing that the vast majority of people don't have millions. this is what the Gillet Jaune Movement is all about.
      never elect a banker.

    • @unclewazza777
      @unclewazza777 5 ปีที่แล้ว +17

      Dawn. No Dawn. The poor were taught to be wage slaves. They were not taught how to use the tax system to there benefit.

    • @PlayfulJoyful
      @PlayfulJoyful 5 ปีที่แล้ว +16

      wazza davies Law 31: Control The Options: Get Others To Play With The Cards You Deal
      The best deceptions are the ones that seem to give the other person a choice: your victims feel they are in control, but are actually your puppets. Give people options that come out in your favour whichever one they choose. Force them to make choices between the lesser of two evils, both of which serve your purpose. Put them on the horns of a dilemma: they are gored whenever they turn.

    • @rujotheone
      @rujotheone 5 ปีที่แล้ว +30

      Exactly. People that criticise capitalism don't understand that this QE is not true capitalism. Let those rich idiots who made bad investments lose their money

  • @Arthur-Silva
    @Arthur-Silva 5 ปีที่แล้ว +463

    This is all by design, with every financial/economic crisis, a handful of billionaires walks away with even more wealth.

    • @Semi_Successful
      @Semi_Successful 5 ปีที่แล้ว +9

      George Soros called the Western economic fall ages ago. Hes just staying alive to say I told you so.

    • @jhwheuer
      @jhwheuer 5 ปีที่แล้ว +2

      A bit simplistic, don’t you think?

    • @eagleartillery1361
      @eagleartillery1361 5 ปีที่แล้ว +35

      More wealth is not the purpose. Gaining power and control is.

    • @Semi_Successful
      @Semi_Successful 5 ปีที่แล้ว +6

      @@eagleartillery1361 money is power

    • @chukesobialo5706
      @chukesobialo5706 5 ปีที่แล้ว +3

      What these doesn't say is that China has a ton of problems to

  • @consciouscrypto3090
    @consciouscrypto3090 5 ปีที่แล้ว +36

    "Zimbabwe school of Economics." !!! That sums it up.

  • @swaldron5451
    @swaldron5451 5 ปีที่แล้ว +60

    He's telling us in plain english what a lot of us have been concerned about privately.

  • @blathermore
    @blathermore 5 ปีที่แล้ว +5

    I decided to hear you out, Mr. Amstad, when I saw your simple glass of water at the table!! I'm so tired of bloggers preaching thrift and justice, selling slave made tees and drinking from Nestle water bottles. You gave a clear, educational talk. Thanks so much and give your Mum a call...she sounds like a sweet lady.

  • @martynjames5963
    @martynjames5963 5 ปีที่แล้ว +64

    I have been following politics and economics closely since 2006. I was in Asia for 20 years starting early 1990s. I have learned a lot - I listened to this twice and shall listen again later - it is a great summary.

    • @walden6272
      @walden6272 5 ปีที่แล้ว +1

      Asia is going down. America is still #1!

    • @daniluchison
      @daniluchison 5 ปีที่แล้ว +5

      Kaze
      That’s the whole point of the video. The #1 spot is about to move way down due to govmnt debt/liabilities.

    • @walden6272
      @walden6272 5 ปีที่แล้ว +2

      @@daniluchison They always find a way to kick the can down the road. America will remain on top for another century. No one is catching up to us.

    • @daniluchison
      @daniluchison 5 ปีที่แล้ว +10

      Kaze
      So said a Roman at some point. An Englishman at another and the Wheel of Time crushes everything sooner or later.

    • @janetjones4310
      @janetjones4310 5 ปีที่แล้ว

      @@daniluchison ..And stolen funds!

  • @imustbegettinolder4434
    @imustbegettinolder4434 5 ปีที่แล้ว +50

    I am not a particularly well educated individual, but this stuff is fascinating and I find it makes sense. Thank you.

    • @justanotherguy469
      @justanotherguy469 5 ปีที่แล้ว

      This video really simplifies things.
      th-cam.com/video/nQbXQn7Pwo4/w-d-xo.html

    • @whtkngofc
      @whtkngofc 5 ปีที่แล้ว +1

      Yeah you need to read more buddy if you eat this bullshit up . He is lying for his own gain.

    • @jodieatherton3997
      @jodieatherton3997 5 ปีที่แล้ว +1

      @@whtkngofc Could you expand? link to another video if easier for you, i'm concerned his right and a good counter-argument would be re-assuring.

    • @Gopherbee
      @Gopherbee 5 ปีที่แล้ว +2

      I would argue the fact you are interested in this type of video shows you are more educated than you may think.

    • @RoseSharon7777
      @RoseSharon7777 5 ปีที่แล้ว +5

      You're more intelligent than you think. Society doesnt determine intelligence. "Being educated" is a farce these days. Common sense is golden. Dont let these elitists make you think your uneducated if you didnt finish school. Schools and colleges are nothing but propaganda for the marxist communist training ground!

  • @barryamato101
    @barryamato101 5 ปีที่แล้ว +135

    The biggest problem in the U.S.A. right now is emphasized by the number of views this video has.

    • @JAAB9296
      @JAAB9296 5 ปีที่แล้ว +8

      You are 100% correct Barry. Most people are walking around blind and do not know it.

    • @unclewazza777
      @unclewazza777 5 ปีที่แล้ว +2

      @@JAAB9296 Do not know it.??? Your not serious.?? Don't know what world you live in but in my world people have already taken sides. Liberal or democrat. Left or Right. The left hand path of the devil or the Right hand path of God. The BLUE PILL OR THE RED.

    • @debbiemorrison2431
      @debbiemorrison2431 5 ปีที่แล้ว +5

      The biggest problem right now is to get out of the urban areas when the explosion happens because then it will be too late! Civil unrest on a big scale. It is coming whether you want to believe or not. Look at the French Revolution in 1789 - What caused the revolution............?

    • @JAAB9296
      @JAAB9296 5 ปีที่แล้ว +7

      @@unclewazza777 You are a f**cking idiot first of all. But I guess you do not have a IQ high enough to understand what I meant. AND WTF, we should NOT take sides, you are a product stupidity. We all should be wanting what is best for this country not "take sides". By the way, I'm a conservative and have been for years.

    • @pereraddison932
      @pereraddison932 5 ปีที่แล้ว +1

      John Barney ...
      CON...SERVE-IT-EVE...

  • @coryg121
    @coryg121 5 ปีที่แล้ว +38

    I’d say this guy is SPOT ON with everything!! Well said. We are in for some serious economic turmoil.

    • @georgestobbart4894
      @georgestobbart4894 5 ปีที่แล้ว

      coryg121 and the RISE of Bitcoin 🙏

    • @rawirihemi27
      @rawirihemi27 5 ปีที่แล้ว +2

      Agreed, very eloquent, logical and factual. I always get scared with guys like this. They just know a system so well and know how to articulate a shit storm. Always a pleasure to see see these guys do their thing.

    • @iceman2921
      @iceman2921 4 ปีที่แล้ว

      Definitely are in some turmoil... lol

    • @BrianHeimbuecher
      @BrianHeimbuecher 3 ปีที่แล้ว

      Maybe everything regarding Asia and the financial crises. His claiming to know certain groups are 'victims' here in the States brought his credibility down a few notches. I mean, except for the facts, he got it right...

  • @fredfrond6148
    @fredfrond6148 5 ปีที่แล้ว +254

    I watched the scariest offering on Netflix and laughed. I listened to this and shat my pants.

    • @martymcfly5423
      @martymcfly5423 5 ปีที่แล้ว +1

      😂

    • @alexp3752
      @alexp3752 5 ปีที่แล้ว +1

      I sure hope your washing machine worked and you had plenty of bleach...

    • @dannhymir9678
      @dannhymir9678 5 ปีที่แล้ว +9

      @N So are you from Argentina or Cuba? Stop spamming, no one cares. Also most of what you keep spouting makes 0 sense.

    • @dannhymir9678
      @dannhymir9678 5 ปีที่แล้ว +6

      @N Antifa = white supremacists makes big 0 sense. You're twisting yourself into knots saying the sky is pink when its blue. Its pointless to talk sense with people like you because your arguments are irrational/illogical by nature, so ad hominems are the perfect reply.

    • @gidgoldmann
      @gidgoldmann 5 ปีที่แล้ว +21

      N Good for you. Go tell that to the still grieving Mothers of all the black men who have been shot between just 2014 and now. Go and tell that to other Hispanics and immigrants who are being separated from their children at the border and children being held in cages by ICE. I’m an African (Ghanaian) immigrant living and working in New York (in Finance on the Wall Street).and I daily see the reality and foreboding of his prognosis and forecasts.. You want to research why Deutsche Bank pulled out of the Global Equities market the way they did. You want to find out or do a google search of why global Central banks are considering or moving towards near 0% rates. You want to research the reason and mechanics behind China’s deliberate devaluation of the RMB. Everything he’s said about the global economy is true. and spot on. He is neither an alarmist nor propagandist but a realist. Kindly do some independent research. yourself. UBS has an article titled ‘the world is a step away from a global recession’. Other credible sources have made the same or similar or more grim and disconcerting forecasts.
      I’m happy for your great and stress free life with your husband. I have 5 sons (3 in an almost all-white private school) and there are things we just have to deal with as a minority family. Don’t ever try telling people they aren’t feeling what they are feeling. There are things I have witnessed with my own eyes and heard with my own ears that makes his statement about the plight of minorities in America pale in comparison. Go tell African-Americans or minorities that their realities are lies , a mirage or non-existent and see how that goes. If you have a great life, Halleluyah!!, but please do not ever poo-poo, discount or denigrate the reality of others. My $0.02.

  • @timbassett9766
    @timbassett9766 5 ปีที่แล้ว +26

    Thank you Sir , what a great segment of truth , you have confirmed my thoughts for many years now . You have explained this in a way that the normal person will understand, your delivery of speech is excellent . Thank you 👏🏻👏🏻

  • @markedwards9247
    @markedwards9247 5 ปีที่แล้ว +13

    This guy is bang on point.
    People see it every day, but seem unable to comprehend it.
    Here is the low down on just how tragic this is going to get, NOT a blip, but a full on collapse.
    The Dow Joes Industrial Average took just under 100 years to rise from 2000 points to 8000 points. At that time (2008) there was a massive economic downturn because the stock market was superinflated at 8000 points.
    That took 100 years.
    Today, just over 10 years later the Dow is not at 8000 any more. Even if the USA had experienced massive industrial growth in the last 10 years, 10,000 points would be hugely optimistic. Nope, try again. The Dow is running at around 27,000 points. That means economically, that the largest manufacturing companies in the USA are overvalued by at least 70%.
    So what does this mean to everyday people ? Your property is also overvalued by at least 70%, your 401K is overvalued by at least 70%, your savings and assetts are overvalued by at least 70%. And that is when the personal and national debt hits hyperinflation by necessity. The Weimar Republic is lliterally just around the corner.
    Over the last 10 years, safe haven after safe haven have been stuffed full of QE debt. There are no safe havens any more. Land, property, shares, savings, bonds, precious metals, bitcoin, all stuffed full of borrowed money.
    The entire western world is in turmoil because the foreclosure man is on his way !

    • @andreflavell2689
      @andreflavell2689 5 ปีที่แล้ว +2

      Well said Mark . I bought a yacht.and will be out of the system.

    • @rujotheone
      @rujotheone 5 ปีที่แล้ว

      What of cash? Also if everything is overvalued where should one save

    • @DanielDaniel-xt3jh
      @DanielDaniel-xt3jh 5 ปีที่แล้ว +2

      @@rujotheone he's saying there's going to be an economic collapse and there's nothing that's really going to solve it.
      It's going to trigger a revolution and other issues overseas will get us into WW3.
      The US will become anarchist in the future. Trust me.

  • @ICE69ROG
    @ICE69ROG 5 ปีที่แล้ว +41

    yes we in the US are in huge trouble and most seem to choose to ignore how bad it really is .

    • @VMIFerrari
      @VMIFerrari 5 ปีที่แล้ว +5

      True. People choose to conveniently ignore reality because it makes them feel *_uncomfortable._* That's the key word. We want to be comfortable so people would rather focus their attention on other things, so they just kick the can down the road a bit further. Unfortunately, we'll eventually run out of road...

    • @ICE69ROG
      @ICE69ROG 5 ปีที่แล้ว +2

      @@VMIFerrari I think we are rapidly reaching that point . It seems to me that we will soon be beyond anyone's power to manipulate things , leaving us spiraling uncontrollably downward

    • @pereraddison932
      @pereraddison932 5 ปีที่แล้ว

      ... 8billion high order preditors (us-humans) with access to high technology, all preying upon one little ball (the Earth) is completely, absolutely, and totally unsustainable. And once the parasite infestation (us-again) overwhelms the host (Earth-again) our harsh reality will culminate to reach its peak, and a mass extinction level event will be seen to be inevitable...
      And then, when constant conflict, crisis, and delema connect with denial, shock, and trauma... people, it ain't gonna be pretty...
      GOD BLESS EVERYONE BLESS EVERYTHING ALWAYS AMEN

    • @dakotayounger6988
      @dakotayounger6988 5 ปีที่แล้ว

      "normalcy bias"...it's an actual infliction. We are all programmed for it as humans, so we have to try and help our brothers and sisters (knowledge) who are so afflicted. :)

    • @tjp5295
      @tjp5295 4 ปีที่แล้ว

      ICE69ROG they can’t ignore it now

  • @thelasthourgetready
    @thelasthourgetready 5 ปีที่แล้ว +117

    Another smart guy. Theres about 15 saying the same thing but the whole world is not listening.

    • @frenilzaveri6000
      @frenilzaveri6000 5 ปีที่แล้ว +8

      Don't expect rest of the world to listen in - they are so hopelessly deluded.

    • @mitchwaller8225
      @mitchwaller8225 5 ปีที่แล้ว +4

      15? I think that there are hundreds of people saying the same thing. How best to prepare?

    • @cyberblock7619
      @cyberblock7619 5 ปีที่แล้ว +2

      @@frenilzaveri6000 I want them to suffer

    • @dugn7373
      @dugn7373 5 ปีที่แล้ว +3

      Except about Chinese debt...way off on that topic!

    • @mtube620
      @mtube620 5 ปีที่แล้ว +1

      sound like peter schiff

  • @stewartbone4236
    @stewartbone4236 5 ปีที่แล้ว +29

    A good honest, informed opinion is a breath of fresh air.

    • @campsitez2355
      @campsitez2355 5 ปีที่แล้ว +2

      no, that dudes fearmongering and giving false impressions.

    • @joshuahowell1534
      @joshuahowell1534 5 ปีที่แล้ว +1

      ExactlyExactly

    • @joshuahowell1534
      @joshuahowell1534 5 ปีที่แล้ว

      George Soros and TimGeorge Soros

  • @dimension9195
    @dimension9195 5 ปีที่แล้ว +127

    The West seems to be about to tear itself apart. Things are very polarised and it’s getting crazier day by day...

    • @pereraddison932
      @pereraddison932 5 ปีที่แล้ว +2

      Axel Stabursvik ... KNOT ...

    • @pereraddison932
      @pereraddison932 5 ปีที่แล้ว +1

      Axel Stabursvik ... you're a bot. The bread is gee em & the circus is a nightmare...

    • @elivevile
      @elivevile 5 ปีที่แล้ว +1

      looks like China will win the trade war...

    • @Yatukih_001
      @Yatukih_001 5 ปีที่แล้ว

      If you find pensioners near you and start supporting them then things will be less crazy. If you start acting out against people who scam others things will be better.

    • @pereraddison932
      @pereraddison932 5 ปีที่แล้ว

      muldoon55 ...
      3/4 trillion = petty cash ... for incidentals... hiccups... etc... a float...

  • @pepelemoko01
    @pepelemoko01 5 ปีที่แล้ว +16

    We are are all sailing into uncharted waters, from an economic climate we have not seen before.

  • @MaxoticsTV
    @MaxoticsTV 5 ปีที่แล้ว +34

    I watch and read a ton of this stuff. "A bubble in the risk-free asset class!" Wow. Nailed it.

    • @parkerbohnn
      @parkerbohnn 5 ปีที่แล้ว

      You denser than lead twat!! The smart money is piling into government long term bonds for the capital gains. The guy making this video is ready for the Rubber Room!!

  • @lorenac7329
    @lorenac7329 5 ปีที่แล้ว +68

    Omg! I never thought of this from the perspective of the pension fund managers invested in govt bonds. There is going to be a mass pull out of bonds ..... could happen any day now

    • @amadd5641
      @amadd5641 5 ปีที่แล้ว +4

      It's funny that when I had my super with Mercer, I asked them where exactly my money was being invested. I can sorta understand them not disclosing that information, but in the end it's my money and my future that they "were" playing with.

    • @chrissalley9468
      @chrissalley9468 5 ปีที่แล้ว +10

      Yep. The pilot knows the plane is going to crash before the people in coach do. They have hedged themselves against the upcoming crash. Buy Bitcoin

    • @markmahan38
      @markmahan38 5 ปีที่แล้ว +4

      If you have the exspendable cash. Then invest into the bond and Treasury markets of China and other economic rising countries not of the West or western controlled. Like Japan, South Korea and so on. These countries would only bring financial ruin. It is the smart thing to do. Although getting completely out of capitalism and Monetary system would be vastly better.

    • @deathtomichaelknagge4397
      @deathtomichaelknagge4397 5 ปีที่แล้ว

      Syke

    • @deathtomichaelknagge4397
      @deathtomichaelknagge4397 5 ปีที่แล้ว

      @@markmahan38 man i almost loled at that one.

  • @theknave4415
    @theknave4415 5 ปีที่แล้ว +27

    An unflinching talk about factual reality.
    Get to know your local prepper/survivalist.
    Prepare for the future.
    Educate yourself: learn more about technology, narrow AI, etc.
    The world is about to change, forever.

    • @dirtyd9792
      @dirtyd9792 5 ปีที่แล้ว

      I say bring it on now its enable gonna happen sooner or later. I want to be hear for my kids and help them threw it. I prep !

  • @LawrenceCarroll1234
    @LawrenceCarroll1234 5 ปีที่แล้ว +3

    Around 9:30:00
    "What we've never had to cope with before is when there is a bubble in the risk-free asset class! What happens when THAT goes pop?!"
    Beautifully put!

    • @BrianHeimbuecher
      @BrianHeimbuecher 3 ปีที่แล้ว

      Except the bubble is older than the Jenner who went from a 'he' to a 'she'. That puppy ain't NEVER popping. The whole world would be catching rats for dinner if it went. Won't happen.

  • @thomasyang2644
    @thomasyang2644 5 ปีที่แล้ว +44

    the whole finance system is just a game, and FED is the game rule maker, FED does not gain this power by luck, it gain this power by the US military force

    • @deejaye2647
      @deejaye2647 5 ปีที่แล้ว

      So then, as US citizens, we should be OK? I mean, we have alot of power...

    • @thomasyang2644
      @thomasyang2644 5 ปีที่แล้ว +2

      @@deejaye2647 yes, you will be Ok until another power rise

    • @jamesdean7412
      @jamesdean7412 5 ปีที่แล้ว

      Fiat Money.

    • @jamestcatcato7132
      @jamestcatcato7132 5 ปีที่แล้ว

      @@deejaye2647 Either EAT THE RICH, or eat each other!

    • @african-history-fountain
      @african-history-fountain 5 ปีที่แล้ว

      @shethinksliberty It is its arm and also its source of power. They couldn't get away with it without US military power.

  • @davidthomas4188
    @davidthomas4188 5 ปีที่แล้ว +26

    One of the best videos I have seen on this topic. Well done Donald.

    • @Qrayon
      @Qrayon 5 ปีที่แล้ว +1

      @Dugie Doogs The logic and plain-speaking ARE refreshing.

    • @kingbrianboru4188
      @kingbrianboru4188 5 ปีที่แล้ว +2

      @@Qrayon you are a prick with ears sir

    • @Qrayon
      @Qrayon 5 ปีที่แล้ว +1

      @Dugie Doogs No charge for the correction. This review of elementary 3rd Grade English will help you with your communication skills, and when implemented make your writing more effective!

    • @dakotayounger6988
      @dakotayounger6988 5 ปีที่แล้ว

      @Dugie Doogs hehehe...

  • @kimersen2229
    @kimersen2229 5 ปีที่แล้ว +24

    Amazing explanation, even in the east things are not so ideal.

  • @bartakin
    @bartakin 5 ปีที่แล้ว +83

    The end was when we lost the gold standard. Brace for the aftermath..

    • @colinfaragher5373
      @colinfaragher5373 5 ปีที่แล้ว +3

      Follow the Yellow Brick Road!

    • @unclewazza777
      @unclewazza777 5 ปีที่แล้ว +5

      Bartakin. Unless you have great grandparents that went through the Great depression,?? You have no idea how bad it is going to get.!

    • @colinfaragher5373
      @colinfaragher5373 5 ปีที่แล้ว +6

      @@unclewazza777 It is time for young people today to read Of Mice and Men and the Grapes of Wrath by John Steinbeck. I wonder if there is an author like John Steinbeck alive today capable of leaving a hard hitting literary legacy like he did to future generations so that they learn valuable lessons and avoid unnecessary suffering.

    • @unclewazza777
      @unclewazza777 5 ปีที่แล้ว +7

      @@colinfaragher5373 Sadly you are a generation to late. Even if it was an E book it wouldn't hold there attention for than 5 mins before they had to check facebook or some other social media app. This is the gen that is ready for a dictator. For evil to triumph it simply takes Good men to do Nothing.

    • @unclewazza777
      @unclewazza777 5 ปีที่แล้ว +1

      @@colinfaragher5373 Love you faith Colin. To think this gen would read anything of depth. I think it would be far more fitting for them to read -George Orwells 1984. That's were we are heading. We already live in a despotism culture. The next step is a dictatorship. But this NWO leader will make Hitler look like a nice guy. When a nation rejects God evil men raise to fill the void. The world deserves what is coming Matthew 24:21 .For at that time there will be great tribulation, unmatched from the beginning of the world until now, and never to be seen again. If those days had not been cut short, nobody would be saved. But for the sake of the elect, those days will be shortened.

  • @hornet224
    @hornet224 5 ปีที่แล้ว +8

    The clarity, logic, and truth of his explanation is brilliant. None of the economic voodoo you hear on the financial news networks.

    • @gold88fish88
      @gold88fish88 5 ปีที่แล้ว

      I feel like every American should be forced to watch this. Suddenly so many things going on lately make sense. Shit. I'm scared. Lol.

  • @jemeriah2467
    @jemeriah2467 5 ปีที่แล้ว +22

    An almost constant reassurance by many economic "experts" with polar opposite views to this guy, worryingly I think his vision of the future rings true

    • @campsitez2355
      @campsitez2355 5 ปีที่แล้ว

      the dude talking isn't an "expert" he's a dude that just gave everyone the impression that pension funds are 100% invested in bonds. He doesn't even remotely clarify what the objective of a pension fund is or its structure at all simply because.... if he knew that he would have told you.

    • @nayanmalig
      @nayanmalig 5 ปีที่แล้ว

      @@campsitez2355 Do you think that constant war for 50 years will not break a nation ? Nixon went off the gold standard so that USA could sustain endless wars - does money grown on trees ? Now it's the end of the road for wars - do you think USA will get away without paying compensation for seventy years of genocide bypassing all UN and international regulations ? There is always a price tag - USA will pay one way or the other - next time they are down they will be enslaved by Russia and china - not physically but monetarily - but guess what ? Average western citizen will have have a much better life under "communist" and autocratic" Chinese and Russians

  • @nayanmalig
    @nayanmalig 5 ปีที่แล้ว +25

    This is the best video I have seen on economy - all others are talking rubbish

    • @StoutProper
      @StoutProper 5 ปีที่แล้ว +1

      nayanmalig they're tarkin rabbish

    • @wesleyholmes3316
      @wesleyholmes3316 5 ปีที่แล้ว +1

      This dick head is blaming the west . its the new WOURLD order. Do your home work .

    • @ericdoran24
      @ericdoran24 5 ปีที่แล้ว

      @@wesleyholmes3316 the west IS the new world order. Where the rich get richer and the rest of us sheeple get the crumbs that fall from their table.

  • @robearl1983
    @robearl1983 5 ปีที่แล้ว +23

    "If your black, brown, gay ect you're under attack". Lol! I agree with everything he said until that nonsense.

    • @robearl1983
      @robearl1983 5 ปีที่แล้ว +6

      @Far beyond Driven tell that to unemployed steel workers and millions of other whites.
      Take your anger,resentment and racism and shove it!.

    • @unreliablememory9687
      @unreliablememory9687 5 ปีที่แล้ว +1

      @@robearl1983 Says the angry resentful guy. Tell you what. When you stop whining and show a little empathy for anyone, absolutely anyone other than yourself, maybe you'll get a listen. But you've been all about looking after number one all this time, and now you're the one who's hurting. Now the world's supposed to drop everything and come riding to the rescue because white guys like you and me are finally in the same boat with every one else. Whatever happened to those bootstraps we were supposed to pull ourselves up by? And I'll bet you'll still pull the lever for the Rs in the voting booth, after they've cut their own taxes and stolen your kid's future. Seen the defect lately? That's not from welfare, that's from unfunded wars, subsidies to oil companies and agribusiness and tax cuts for the already rich. But hey, make sure that the minorities are kept in their place.

    • @robearl1983
      @robearl1983 5 ปีที่แล้ว +4

      @@unreliablememory9687 I'd be willing to bet any money you are one of those male feminist who piss sitting down.
      I don't buy into your race theories and judging people on racial lines. America has 250 trillion in unfunded liabilities. Donald Trump isn't your biggest concern.

    • @miguelfonseca1104
      @miguelfonseca1104 5 ปีที่แล้ว +1

      @Far beyond Driven nonsense.

    • @barryamato101
      @barryamato101 5 ปีที่แล้ว

      @Far beyond Driven Nonsense says the white guy.

  • @jmoney6652
    @jmoney6652 5 ปีที่แล้ว +159

    So buy gold and silver like theres no tomorrow...that’s what I’m hearing.

    • @germaxicus6670
      @germaxicus6670 5 ปีที่แล้ว +20

      Keep stacking brother. Make sure you are armed too! Stay safe

    • @johnbarrett5229
      @johnbarrett5229 5 ปีที่แล้ว +33

      Gold, Silver, Bitcoin, Land, Guns, ammo.
      : )

    • @ste4742
      @ste4742 5 ปีที่แล้ว +11

      And guns and bitcoin

    • @jessed1586
      @jessed1586 5 ปีที่แล้ว +14

      Just lead bullion, food, and alcohol. If there’s chaos in the streets you could offer me a whole wheel barrel full of gold and silver and I still wouldn’t trade you for ammo or food.

    • @dustingoldsworthy7303
      @dustingoldsworthy7303 5 ปีที่แล้ว +4

      Stack stack stack.

  • @joeemergingfromthecave1680
    @joeemergingfromthecave1680 5 ปีที่แล้ว +79

    "gold is money, all the rest is credit" JP Morgan in 1912

    • @cubismo85
      @cubismo85 5 ปีที่แล้ว +1

      yep, buy gold

    • @magoo1950
      @magoo1950 5 ปีที่แล้ว +8

      "Corn is real money. Gold and other money can't be eaten" -Magoo 2019

    • @robjohnson7878
      @robjohnson7878 5 ปีที่แล้ว +2

      When the next crash comes and these banks fold up like cheap chopsticks, people will be dying to get out of their dollars and gold will be there, it won’t matter if you can eat it or not there will still need to be a form of currency and money exchange and trust me the dollar won’t be it. GOLD!!!!

    • @rameshchandra1696
      @rameshchandra1696 5 ปีที่แล้ว

      Warn buffet said gold is waste.

    • @joeemergingfromthecave1680
      @joeemergingfromthecave1680 5 ปีที่แล้ว +1

      @@magoo1950 Try to store corn for a few years, see what happens...

  • @ThePorschefan
    @ThePorschefan 5 ปีที่แล้ว +23

    I love your York accent "emerging markets will do bettah". Great video, pretty much in line with what Ray Dalio has said since 2017!

    • @ThePorschefan
      @ThePorschefan 5 ปีที่แล้ว +1

      @Politically Incorrect Bender Thank you

    • @harryabili1916
      @harryabili1916 5 ปีที่แล้ว

      York? Sounds like standardised 'privately school educated'.

  • @Dutchhero2
    @Dutchhero2 5 ปีที่แล้ว +29

    The black/brown/yellow/woman/gay comment is absolutely ridiculous. Rest might make some sense.

    • @nanovation
      @nanovation 5 ปีที่แล้ว +5

      Dutchhero2 I think it was just going off The main stream media narrative/propaganda that gets them clicks and ad revenue. Apparently he hasn’t taken the red pill yet and thus cant see through the propaganda.

    • @TheDeezelsmoke
      @TheDeezelsmoke 5 ปีที่แล้ว +4

      I stopped listening after that, what an idiotic comment. We all know who’s really under attack in the west.

    • @Evad-zl2xu
      @Evad-zl2xu 5 ปีที่แล้ว +3

      He did start out by saying there would be a civil war over who gets their claim of money. The black/gay/woman thing is just what the media is saying that's happening currently, but at the same time it exposes the fact that most Americans are completely cut off from the facts.
      There would indeed be the possibility of a civil war. If Americans can't stand together during okay times can you imagine what It will be like once the dollar has little to no value? America would become like a real life purge movie.
      The world is burning around us and most are in denial. The media isn't just hyping it up. The dirt has always been there it's just been hidden.
      Why worry about it? As long as the American dream is still alive for most of us right? What happens when most of us can't live regular life? Could it be something similar to the rise of hitler? Do you really believe we'll all be holding hands and working against the elite? Humanity will do what it always does best and that's to shift the blame to someone else. It's too hard to look in the mirror and to ask ourselves how am I responsible for this crisis?

    • @Dutchhero2
      @Dutchhero2 5 ปีที่แล้ว

      @@Evad-zl2xu Oh very true.
      Just the one-sided narrative he portrays is typical PC bullshit.

    • @daviddickey9832
      @daviddickey9832 4 ปีที่แล้ว

      He's right but for the wrong reasons, maybe he just can't say what he's really thinking.

  • @powellmountainmike8853
    @powellmountainmike8853 5 ปีที่แล้ว +25

    This is an excellent video. The points he makes have been obvious for a long time to those of us who seriously study the economic situation of the world.

    • @ryancarper595
      @ryancarper595 5 ปีที่แล้ว

      Except hes wrong about Asia - China is one of the biggest currency printers in the world. Why do you think huge cities are built with absolutely no one living in them, do a search on Ghost Cities in China. Huge amounts of cash to create them, to keep people busy, but all the money is created out of thin air, there's other examples of all of this as well, not just cities. Alibaba has now been commandeered by the Government, that is going to be interesting. Why does the Chinese Government want Alibaba? who knows but I can tell you whatever the reason its not just to make little fluffy 1 dollar mittens.

  • @openureyes
    @openureyes 5 ปีที่แล้ว +55

    If that doesn't give you the Willie's I don't know ,shit Storm coming

    • @Mrbfgray
      @Mrbfgray 5 ปีที่แล้ว +1

      Keep living and investing in yourself, this same theme has been promoted since the last crash like it's right about to happen.

  • @andrewmckay2118
    @andrewmckay2118 5 ปีที่แล้ว +68

    Lusaferian globalist elites will bail-in and take the money form the deposits and bail themselves out with the plebs money. it's all planned. and tell the plebs they have too. to avoid social unrest and a global depression. And the globalist elites will make even more money. Out of the hell they have created on purpose.

    • @AWalkingHat
      @AWalkingHat 5 ปีที่แล้ว +6

      I actually had a nightmare just like this last year. It was Trudeau pursuing me to have the last 1K in my bank account.

    • @BattlestarDamocles
      @BattlestarDamocles 5 ปีที่แล้ว +6

      They're demonic blood-suckers, headed by Soros.

    • @L_MindBody
      @L_MindBody 5 ปีที่แล้ว +6

      100% accurate thats what they will do.

    • @jamespetherick6151
      @jamespetherick6151 5 ปีที่แล้ว +2

      Ridiculous statement, money will not be of any value

    • @kirstinstrand6292
      @kirstinstrand6292 5 ปีที่แล้ว +6

      @@BattlestarDamocles don't forget the Koch brother(s)...that wreaked havoc worldwide with their greed.

  • @wattlejuice1
    @wattlejuice1 4 ปีที่แล้ว +15

    Buckle up, it's gonna be a hell of a ride

  • @richardbroome6077
    @richardbroome6077 5 ปีที่แล้ว +90

    Yield curve?
    Here in America.
    We use Walmart as an economic indicator.

    • @bulalirozani4392
      @bulalirozani4392 5 ปีที่แล้ว +3

      Lol are you serious??

    • @richardbroome6077
      @richardbroome6077 5 ปีที่แล้ว +4

      @@bulalirozani4392 people are spending here in America. They're not borrowing to do it. For the people. Not the banks. This is how it's supposed to be. America is paying good interest while other countries. You have to pay them to hold your money. Not good for those countries who were once sucking hind tit of American generousity. No more.

    • @edwarddiaz1130
      @edwarddiaz1130 5 ปีที่แล้ว +22

      @@richardbroome6077 lmao!!! Americans aren't borrowing to make purchases? You're a clown!! Please research the current consumer credit debt in the US, along with automobile loans, student loans, and # of foreclosures with high value properties staying on the market for record amount of days. Match that with lowering Fed rates

    • @soonahero
      @soonahero 5 ปีที่แล้ว

      Anthony E Huggins Jr you can give up your citizenship and exchange your labor for bitcoin
      The problem is trivial

    • @soonahero
      @soonahero 5 ปีที่แล้ว +1

      Anthony E Huggins Jr then enjoy having other people take your labor by force

  • @mokenetgumshoe1064
    @mokenetgumshoe1064 5 ปีที่แล้ว +14

    It sure is gonna make a lot of people angry when all the goddamn social security money we were forced to pay into the system completely disappears....

    • @Iquey
      @Iquey 5 ปีที่แล้ว

      I'm 28 and I don't expect to see any of it. It will be a miracle if I see a single government check in SS once I'm forced to retire at the age of 77 because corporations don't want to pay for senior healthcare.

  • @davidchavarria1979
    @davidchavarria1979 5 ปีที่แล้ว +12

    Great speech no lies very true this guy deserves too be a leader my god bless hes heart like I said before no one can save whats is coming we are going down 100 percent

    • @campsitez2355
      @campsitez2355 5 ปีที่แล้ว +1

      um I heard his little speech and got the impression that pension funds are 100% invested in bonds. he doesn't even explain the structure or objective of a pension fund or how that relates to any market cycles at all... he's lying by what he doesn't know or is purposefully not telling you. So yes, either lots of ignorance or omission of truth both are equally bad.

    • @draganpenchev
      @draganpenchev 5 ปีที่แล้ว

      @@campsitez2355 Yeah, yeah. You can buy government bonds as many as possible and what left put it in Your bank account.

    • @campsitez2355
      @campsitez2355 5 ปีที่แล้ว

      @@draganpenchev why would i want a low yield investment? stupid.

  • @taraswertelecki3786
    @taraswertelecki3786 5 ปีที่แล้ว +15

    Thank the black hearted Small Hats for all of this.

    • @michelguevara151
      @michelguevara151 5 ปีที่แล้ว +2

      ooh! antisemitism, how novel..

    • @aleks8063
      @aleks8063 5 ปีที่แล้ว +1

      Yup, but the rest of the world and the mindless drones will just blame it on “the west” or Europeans like they always do; these people are only Europeans when it’s convenient.

  • @Freedom-yi3gz
    @Freedom-yi3gz 5 ปีที่แล้ว +30

    The 99.9% didn't get left behind, we got screwed!

    • @deepattison9329
      @deepattison9329 5 ปีที่แล้ว +3

      And many are too dim to understand that it is true.

    • @MJWVI
      @MJWVI 5 ปีที่แล้ว +1

      Freedom 0017 primarily because you were either too lazy, or too stupid to create personal wealth for yourself.

    • @miirobrightvisions
      @miirobrightvisions 5 ปีที่แล้ว +1

      It's funny how Hong Kong's citizens have more guts to stand up and fight for their rights than us claiming to be free in the West. Yet they don't even have as many guns as the West.

  • @cniht
    @cniht 5 ปีที่แล้ว +19

    Who would have thought.....you cannot print your way to prosperity. Shocker, we all know.

    • @ihatem2970
      @ihatem2970 5 ปีที่แล้ว

      Cniht come on , this time we can, this time is different . Haha .. not

  • @tensevo
    @tensevo 5 ปีที่แล้ว +44

    It's all about to collapse - sell everything!!!!! wait, I did that 7 years ago.

    • @michaelbrown865
      @michaelbrown865 5 ปีที่แล้ว +6

      Derisk. Crazy Negative interest rates and QE on steroids, especially in the Eurozone, are something I didn't see happening but now it's clear it's the last gasp efforts of desperate people waiting and praying for a miracle. This will get ugly

    • @tensevo
      @tensevo 5 ปีที่แล้ว +6

      @@michaelbrown865
      Yes, the global economy has been on the brink of collapse for hundred years, surely it must happen any moment now.

    • @michaelbrown865
      @michaelbrown865 5 ปีที่แล้ว +3

      @@tensevo Good luck with what you decide Mark, the global economy would have collapsed without dramatic intervention in 2007/8, that is indisputable. The measures introduced these last 11 years haven't fixed anything they are just a sticking plaster. I don't want a collapse but I'm trying to protect myself and my family in the event of one by planning for the worst and hoping for the best. Banks want and need normalised interest rates but I don't think we will see them (3% or 4%) in the next 20 years without a war. Mervyn King chillingly doesn't discount this in his book The End of Alchemy. How many people saw 2007/8's scenario eh. Scary times ahead.

    • @tensevo
      @tensevo 5 ปีที่แล้ว +4

      @@PLEASESUBSCRIBE2ME123
      Yes, I was advised to sell by Gold merchants pushing their warez on TH-cam. They said the world was about to collapse.

    • @pereraddison932
      @pereraddison932 5 ปีที่แล้ว +3

      Mark Freeman ... how much more past being completly broke and insolvent does this world need to be before its actual and total collapse?... it's fucked already, but just a little bit more, eh?...

  • @charlesfoster3050
    @charlesfoster3050 4 ปีที่แล้ว +7

    4:50 "We've already got massively expanded central bank balance sheets". Jay Powell: "Hold my beer"

  • @carlosgravil3325
    @carlosgravil3325 5 ปีที่แล้ว +7

    A bit of truth for a change. Politicians and the media do not inform you of this obscenity which is coming to squash us.

  • @gb1984yt
    @gb1984yt 5 ปีที่แล้ว +48

    This is the head of investment,he's been in the industry all his career and he's not selling anything,good info unfortunately soon to be true

    • @gwaccola
      @gwaccola 5 ปีที่แล้ว +1

      Spreading disinformation, perhaps?

    • @gb1984yt
      @gb1984yt 5 ปีที่แล้ว

      @@gwaccola printing debt to cover for debt has failed every single time it's being tried

    • @rameshchandra1696
      @rameshchandra1696 5 ปีที่แล้ว

      @John Buffalo I am 97 😂😂😂

    • @jamestcatcato7132
      @jamestcatcato7132 5 ปีที่แล้ว

      @@rameshchandra1696 See, you and your Fascist pals are already acting like lobsters, looking to drag each other down!

  • @Smith34567
    @Smith34567 5 ปีที่แล้ว +8

    My mum was the same , she had a decent income from her savings + her pensions. After the crash , her savings income was destroyed at the same time as prices of the costs of living dramatically rose , leaving her poorer and using her savings to pay bills.

  • @helmsscotta
    @helmsscotta 5 ปีที่แล้ว +12

    Your Mum remembers the hard times. She chooses wisely.

  • @maddysydney
    @maddysydney 5 ปีที่แล้ว +12

    Excellent insights- please have him and his like more often on the channel. Thanks

  • @commanderbond5244
    @commanderbond5244 5 ปีที่แล้ว +11

    Follow the money. Who profited from the destruction of the western banking system ? Who were the managers ?

    • @andydavidson9366
      @andydavidson9366 5 ปีที่แล้ว

      That one percent will do just that;" follow the money". The West breaks down, OK we'll head out to the East. No problem.

  • @glennt1962
    @glennt1962 5 ปีที่แล้ว +5

    Why didn't the IMF tell the Western government and Central banks the same "Don't print money" ?
    “Banks were too big to fail ?”
    “Goldman Sachs rules the world ?”
    Amazing speech from an amassing man !!!
    He went to Oxford ! 😩

    • @lesleykramer7207
      @lesleykramer7207 5 ปีที่แล้ว

      Because ... you know ... (read between the lines)

    • @daniluchison
      @daniluchison 5 ปีที่แล้ว +1

      Good question! Because somehow the IMF thinks rules don’t apply to the west.

  • @timjones1583
    @timjones1583 5 ปีที่แล้ว +20

    Buy gold and silver and lead.
    Stock up on food and water.

    • @HEXhibitionist
      @HEXhibitionist 5 ปีที่แล้ว

      I bought a whole bread this morning!

    • @dwaynejones1555
      @dwaynejones1555 5 ปีที่แล้ว

      Jones definitely

    • @ASJacob
      @ASJacob 5 ปีที่แล้ว +2

      By lead, you mean bullets right?

    • @pommygeezer9309
      @pommygeezer9309 5 ปีที่แล้ว

      Hi buy a generator and plenty of fuel, too

    • @fjack1588
      @fjack1588 4 ปีที่แล้ว +1

      @@pommygeezer9309 Solar cells and lead acid batteries seems a better long term option. Hey, and then you can always make bullets from the spent lead acid batteries!

  • @GeorgeOforiAtta
    @GeorgeOforiAtta 5 ปีที่แล้ว +9

    Owning hard assets makes more sense to me after carefully listening to this informative video.

    • @justanotherguy469
      @justanotherguy469 5 ปีที่แล้ว +2

      Right, because currency is really debt. Notice That I did not call it money because by definition money is backed up by gold or silver.

  • @Schnitz13
    @Schnitz13 5 ปีที่แล้ว +18

    This guy and The Money GPS! Glad my wife and I cashed our RRSPs to buy a house. The economy is gonna tank soon; the countdown is on.

    • @jonathanwjoe
      @jonathanwjoe 5 ปีที่แล้ว +2

      Paul Miazga if the economy tanks you’ll need a job to pay your mortgage

    • @hypnotechno
      @hypnotechno 5 ปีที่แล้ว +1

      @@jonathanwjoe maybe he's bought the house outright

    • @hypnotechno
      @hypnotechno 5 ปีที่แล้ว +1

      what will happen to property prices when the tanking starts?

    • @Qrayon
      @Qrayon 5 ปีที่แล้ว

      What's an RRSP?

    • @red_edj
      @red_edj 5 ปีที่แล้ว +1

      @@Qrayon like a 401k for Canadians

  • @DieterZakel
    @DieterZakel 5 ปีที่แล้ว +5

    Ludwig von Mises described a failsafe economic policy "hundreds of years ago". But politicians cannot follow through…

    • @DieterZakel
      @DieterZakel 5 ปีที่แล้ว

      Because they need faulty policies to step in as the savior.

  • @lucanidae100
    @lucanidae100 4 ปีที่แล้ว +13

    The state of Illinois owes 5 Trillion alone for liabilities; mostly pension liabilities and new programs

    • @liberval9425
      @liberval9425 4 ปีที่แล้ว

      Source for that?

    • @odaydrums
      @odaydrums 4 ปีที่แล้ว

      Yes proof please immediately post that other wise you will be reported.

    • @lucanidae100
      @lucanidae100 4 ปีที่แล้ว +1

      @@odaydrums Sorry I meant 5 Billion

    • @lucanidae100
      @lucanidae100 4 ปีที่แล้ว +1

      Oh wait it is 40 Billion for pensions...However, the new Governor says that with over 100 new taxes the budget will be balanced

    • @odaydrums
      @odaydrums 4 ปีที่แล้ว

      Second edition thank you I just hate people who say crazy shit. You are not that person. Some states are actually ok. Some have a surplus. Now this does nothing WSHTF

  • @lescobrandon6327
    @lescobrandon6327 5 ปีที่แล้ว +52

    To translate what he said: big war incoming....

    • @kingbrianboru4188
      @kingbrianboru4188 5 ปีที่แล้ว

      Your righf i sense

    • @jamesmachau7315
      @jamesmachau7315 5 ปีที่แล้ว

      😂😂😂...very well said!!!!

    • @nonyabiz9340
      @nonyabiz9340 5 ปีที่แล้ว +2

      Negative yield interest rates combined with overpriced real estate means those in power believe a population drop is coming.

    • @carlossebastiannecroticgot7232
      @carlossebastiannecroticgot7232 5 ปีที่แล้ว

      @@kingbrianboru4188 you're *

    • @kingbrianboru4188
      @kingbrianboru4188 5 ปีที่แล้ว

      @@carlossebastiannecroticgot7232 i beg YOURE pardon charles dickons

  • @ronaldmcdonald3965
    @ronaldmcdonald3965 5 ปีที่แล้ว +4

    1998 was the last time western countries and their economics policies had any credibility. This is what I have been thinking for last 10 years.

  • @MattMK45
    @MattMK45 5 ปีที่แล้ว +12

    Top man, thanks for that. That US debt clock is scary to look at!

    • @keithbrandson6293
      @keithbrandson6293 5 ปีที่แล้ว +1

      It is interesting, but it's not anywhere near 'official'.. It's an entertaining creation that approximates 'debt' based on assumptions..

    • @deathtomichaelknagge4397
      @deathtomichaelknagge4397 5 ปีที่แล้ว +1

      Its meaningless as long as we keep the show going

    • @tonycodolo
      @tonycodolo 5 ปีที่แล้ว +1

      @@keithbrandson6293 Do you have a better place that we can get "official" figures?

  • @huemann3416
    @huemann3416 2 ปีที่แล้ว +1

    WHAT?!!!!
    I just bought a swimming pool too big for my yard so I don’t have to cut so much grass-(not going to lie about that)
    AND I had to buy a fence !!! So some kid (sorry tiny adult/ young adult) wouldn’t stack the milk crates to be able to fall into the above ground swimming pool and possibly drown.
    So what your “saying” ….
    Is that the bonds are more dangerous?
    I wasted all that money on a very expensive fence (which requires maintenance every few years -weather effects the wood)
    Although a more expensive route WOULD’VE been to go with the “no maintenance” fence made out of magic plastic.
    So, now I have to somehow figure out how to be even MORE fiscally responsible AFTER I saved my nickles and dimes to buy an apparatus to afford a quality “stay-cation” in my own yard?
    Well, to be honest, it’s the “banks house” and until my “liability” to which I previously referred to as my best “asset” to invite friends over to soak in my inflated swimming pool ….
    If I understand the “emerging market” lingo I SHOULD’VE just bought a pre-fabbed pool.
    Dang it.
    The numbers you mentioned are beyond my comma quotient.
    I have a hard time imagining six figures let alone that Trillion dollar word.
    That’s just beyond my cranial capacity.
    I still would like to imagine I’m floating in a pool of financial freedom.
    Thanks for reminding me to vote AGAINST the sellout politicians who give tax cuts to the wealthy who WON’T pay their fair share of taxes.
    Imagine IF everyone paid their FAIR SHARE of taxes and helped to contribute to ALL the social services in America.

  • @simeonott8958
    @simeonott8958 5 ปีที่แล้ว +16

    Negative yield bond is voluntary taxes to a government u r not a citizen of, you've never been to or will ever see. Don't question just buy it and everything's fine.

    • @twnb7733
      @twnb7733 5 ปีที่แล้ว +2

      The financial collapse comes from the spiritual one. The Sodomie is the last sign before the complete destruction of a civilisation. The West pushes the Sodomy Agenda into the whole world. The sins of the West are full. The Holocaust of the Apostat West is taking place.

    • @spinophrenic3775
      @spinophrenic3775 5 ปีที่แล้ว +2

      @@twnb7733 this is about finance, not schizophrenia

    • @twnb7733
      @twnb7733 5 ปีที่แล้ว +1

      @@spinophrenic3775 Neither gold nor silver can save you from the immoral corruption, which leads to the social, family, economic collapse. The Sodomie is the last signe before the complete destruction of a civilisation. A spiritual shift is taking place----Islamic Invasion Of India: The Greatest Genocide In History
      themuslimissue.wordpress.com/2015/08/31/islamic-invasion-of-india-the-greatest-genocide-in-history/

    • @DJRYGAR1
      @DJRYGAR1 5 ปีที่แล้ว

      it is not voluntary. Most financial institutions are obliged to buy bonds. They cannot buy whatever they want.

    • @twnb7733
      @twnb7733 5 ปีที่แล้ว

      @@spinophrenic3775 You don't know even the season-------PROPHECIES NO ONE EXAMINES ON THE COMING MUSLIM INVASION WHICH HAS ALREADY SPARKED AND IS BEING FULFILLED - Walid Shoebatmail.google.com/mail/u/0/?tab=wm&ogbl#inbox/FMfcgxwDqxNKcdBHrXLDRjkLDNhzFRhT

  • @annakryzilinski4748
    @annakryzilinski4748 5 ปีที่แล้ว +19

    You can't change the past. Only the future. One person at a time. Gold. Get you some. Now. You have been forewarned.

  • @benjaminbrannan9357
    @benjaminbrannan9357 5 ปีที่แล้ว +47

    Did he just say China has very low levels of debt and that they're solvent? Think you may want to go check your numbers there mate

    • @supa3ek
      @supa3ek 5 ปีที่แล้ว +6

      Actually YOU may want to check yours. Main stream media doesn't show the REAL figures. They show clips or fragments of it just to paint a bad picture to get ratings. It's like showing a 1 month yield curve on the Stockmarket and claiming doom !

    • @neikory
      @neikory 5 ปีที่แล้ว +5

      China, subside all imports and businesses even if the same businesses are losing money just to flood other markets with cheap goods. The Chinese debt is not low by any stretch of the imagination. That without counting the fact that almost on one trust offical Chinese sources because everything is party-based and another point is, how solvent they are if they need to relay on devaluating its currency to keep up with the spending? :P dunno bro dunno....

    • @patrick8128
      @patrick8128 5 ปีที่แล้ว +7

      I am in the finance industry. I recall that China's debt is more like 320% more than GDP. Who uses a communist dictatorship as a model?

    • @ernestfung1140
      @ernestfung1140 5 ปีที่แล้ว +1

      Of course, he is right. Remember the Chinese bought 1 trillion US debt, and owning so many strong performing SOEs.

    • @jamestcatcato7132
      @jamestcatcato7132 5 ปีที่แล้ว +2

      YEAH, like "the Chinese will pay your tariffs"..... I GOT A BRIDGE FOR SALE!

  • @CR-ty5nc
    @CR-ty5nc 5 ปีที่แล้ว +1

    Very sobering, logic and down to earth reasoning, describing a situation of lost ....... time, recovery funds, peoples hope and aspirations etc ...... and cracy financial economics based on running matters into the ground.
    No time to wake up ..... but rather fight back at the time of collapse!

  • @TruthandJustice4166
    @TruthandJustice4166 5 ปีที่แล้ว +79

    Hyperinflation yeah right get rid of central banks and go on a gold standard.

    • @be4unvme
      @be4unvme 5 ปีที่แล้ว +6

      Then we have a deflation. Just look at countries who trade with dollars like China. Venezuela iram who are starving dollars so their economies can't go on. Central.banka can't print gold like China can't print dollars. Gold standard would hurt us more because govt can't provide liquid

    • @be4unvme
      @be4unvme 5 ปีที่แล้ว +4

      @Bruce Parkes home vales as well as all assets need to go down because they're all high. The problem wouldn't be asset valuation, it's liquidity. There is limited gold so once most of the gold is hoarded the economy would suffer liquidity crisis.

    • @joeyp4099
      @joeyp4099 5 ปีที่แล้ว +4

      Tony Skoulakis bought 200 ozs Silver at $14.65. I have 200 ozs. I’m feeling pretty good

    • @Desertduleler_88
      @Desertduleler_88 5 ปีที่แล้ว +1

      Forget a gold standard just base your currency on productivity like Germany and Japan did during the 1930's.

    • @kestas7433
      @kestas7433 5 ปีที่แล้ว +1

      @@marketsmoto3180 does paper dollar in your pocket do something? You need to invest paper dollar in order to get yield. Same with gold but better. It does not loose purchasing power while you saving it. Unlike dollar- after 5 years of saving you loose a lot

  • @pillmuncher67
    @pillmuncher67 4 ปีที่แล้ว +4

    Sir, you made me cry. Those poor bankers really deserve our compassion.

    • @geoffreytoomey682
      @geoffreytoomey682 ปีที่แล้ว

      No surprise, the WEFs puppet organisation the "UN, and the WHO" Controlled Dutch Government TRAITORS are continuing to destroy the Netherlands. The DUTCH POLITICIAN TRAITORS are committed to being the first of the WEF GLOBALIST MONSTERS15-minute cities." you will own nothing and be happy" It's been all in the planning and infiltration by the WEF into global governments and the United Nations for more than 50 years; before that, Klaus Schwab's father after his boss Adolph Hitler failed to get control of the world, all UN Member countries (except China, Russia, and India, their leaders are too smart to believe and follow in the UNs Climate Change scam) the other UN Puppet Governments just like AUSTRALIA POLITICIAN TRAITORS just bow low to the UN summiting their citizens to all of the unelected bureaucrats in the UN! Implementing every UN agenda to ensure the destruction of the WEST during the creation of the Global Government, the Member country’s governments will retain their positions of control, implementing the new Global laws using the Military to enforce these laws onto their citizens, private property, Private cars, will be resumed by the State, wake up and save your property and your future of just give up and be controlled by Bill Gates and the other Globalist MONSTERS now in complete control of the World Health Organisation! What a joke that name is, “Health”it should be the WDO, (World Depopulation Organisation)

  • @Chopperdod77
    @Chopperdod77 5 ปีที่แล้ว +17

    Buy gold, silver and bitcoin then cross your fingers and wait.

    • @kension333
      @kension333 5 ปีที่แล้ว +4

      Xrp!

    • @Chopperdod77
      @Chopperdod77 5 ปีที่แล้ว +1

      @@kension333 absolutely 😉

    • @nathanhorton8993
      @nathanhorton8993 5 ปีที่แล้ว +1

      I want to but I'm afraid. I live in Canada. We have some pretty serious debt issues although more on the private side. I think gold makes a ton of sense given all the QE that's happening plus bond problems.

    • @HamsterPants522
      @HamsterPants522 5 ปีที่แล้ว +1

      @@nathanhorton8993 gold can be taxed. Crypto cannot.

    • @kingal89
      @kingal89 5 ปีที่แล้ว

      @@HamsterPants522 crypto needs electricity to transact. If things are as bad as we think there will be no electricity. Crypto will be useless

  • @ivanoleaanimator
    @ivanoleaanimator 4 ปีที่แล้ว +1

    Thank you Live Wire this insightful interview. Thank you Donald Amstad.

  • @riedodenise1236
    @riedodenise1236 5 ปีที่แล้ว +10

    Absolutely exactly explained how it is!!!
    Swiss in Paraguay

  • @95jeremia
    @95jeremia 5 ปีที่แล้ว +4

    Thank you!!!Excellent video.Finally this insanity will come to an end.Wont be faraway anymore.

  • @patrickmuhwheeney6518
    @patrickmuhwheeney6518 5 ปีที่แล้ว +3

    As an American, I just want to give a big "You're welcome" to the rest of the world. Making you subject to the whims of our corrupt banking system is a favor we don't need repaid...

    • @IvankaB-ft6hd
      @IvankaB-ft6hd 5 ปีที่แล้ว

      it's more zi@nist problem, not so much American problem. They just placed their nest in the USA this time.

  • @howdyahworkthisthing1520
    @howdyahworkthisthing1520 5 ปีที่แล้ว +8

    Canada needs Max, and a “second amendment”. We’ll get the “first” back after that.🍻
    🇨🇦🇨🇦PPC STRONG AND FREE!!!🇨🇦🇨🇦

  • @bradjohnson8802
    @bradjohnson8802 5 ปีที่แล้ว +17

    This dude has a Herculean sized Emerging Markets portfolio.

    • @dannhymir9678
      @dannhymir9678 5 ปีที่แล้ว

      ...and that's smart. Developed nations just pushed the can down the road after 2008. Lets not forget the 2008 Housing and economic crash originated in the U.S. exposing high debts in countries like Italy, Greece, Japan, etc.

  • @AirArtStudiosOfficial
    @AirArtStudiosOfficial 5 ปีที่แล้ว +8

    You can feel our ways are about to change

    • @mankul65
      @mankul65 5 ปีที่แล้ว +1

      We are moving from the Age of Falsehood to the Age of Righteousness.
      When Righteousness exerts itself, only then will the meek inherit the Earth.

  • @markclemons7950
    @markclemons7950 5 ปีที่แล้ว +5

    I never watched this channel before, but I like the no B.S. info.

  • @Sobeewan
    @Sobeewan 5 ปีที่แล้ว +63

    13:45 everything was spot on, except this part where he goes off the rails. I'm sorry, but I'm a white male and I am constantly under attack by the groups he names.

    • @Sobeewan
      @Sobeewan 5 ปีที่แล้ว

      @@thicckk1682 no u. But seriously, dont mistake an honest observation for weakness. It is not. It is an assessment of the situation so that I and other like minded men can prepare for that potential eventuality.

    • @Dash323MJ
      @Dash323MJ 5 ปีที่แล้ว +12

      I agree, that part is complete nonsense. He clearly has no idea about America's social state.

    • @Sobeewan
      @Sobeewan 5 ปีที่แล้ว

      @Ironfukr 9 To you as well sir. See you when the time comes.

    • @phil4818
      @phil4818 5 ปีที่แล้ว +5

      couldnt believe he actually said that. what a freaking MORON this guy is. the only ones under attack are white males.

    • @JohnDoe-sg7uh
      @JohnDoe-sg7uh 5 ปีที่แล้ว +1

      Constantly under attack how? Oh wait are you still in Highschool?

  • @darinmullins4770
    @darinmullins4770 5 ปีที่แล้ว +38

    USA has all these liabilities and still no comprehensive medical system ?

    • @danielp28
      @danielp28 5 ปีที่แล้ว +2

      Thank Obama

    • @darinmullins4770
      @darinmullins4770 5 ปีที่แล้ว +3

      @@danielp28 you can thank all the president's that profited from doing the elites bidding !

    • @HamsterPants522
      @HamsterPants522 5 ปีที่แล้ว +2

      Anyone who trusts a government to provide better services than the market just deserves to be disappointed. It'll keep happening, whethet they wisen up to it or not.

    • @terryvarta9306
      @terryvarta9306 5 ปีที่แล้ว

      No kidding but true. If the USA had comprehensive insurance scheme it will be cheaper for the government

    • @obcane3072
      @obcane3072 5 ปีที่แล้ว +1

      USA produces 90% of the new drugs and medical devices of the world with 7% of the world population. Innovation costs money. The rest of the world rides on the coattails of the USAs health Care system.
      Most of the money "wasted" in the USA is in the last 6 months of life. Utilitarianism promotes letting them die. But that's not acceptable in the USA.
      But if you have cancer, or need major surgery, you want that treated in the USA.
      As for morality rates of the USA being lower, the USA is heterogeneous. With a large African American population and Hispanic population. If you compare mortality rates of these people in the USA vs their Homeland, the differences are stark.

  • @Neo-dx6tk
    @Neo-dx6tk 5 ปีที่แล้ว +13

    This is essentially shifting of power towards South Asia...

    • @blessedpeas
      @blessedpeas 5 ปีที่แล้ว +11

      the power shift started the moment the West sent production of goods and services East seeking the cheapest costs of production. The West ironically did this to itself

    • @johnjones5546
      @johnjones5546 5 ปีที่แล้ว

      Should we start hoarding gold

    • @HamsterPants522
      @HamsterPants522 5 ปีที่แล้ว

      @@blessedpeas You're just spreading more misinformation. Protectionism and mercantilism are bunk ideologies. They dont have any basis in fact. Ironically you are just as economically illiterate as the governments you criticize.

    • @blessedpeas
      @blessedpeas 5 ปีที่แล้ว +1

      @@HamsterPants522 how is any of what i said false? furthermore, i mentioned neither of those ideologies, and neither do i subscribe to them

    • @ButterMaster10
      @ButterMaster10 5 ปีที่แล้ว

      Fuck that. China needs the west to buys its shit.

  • @walkingman8943
    @walkingman8943 5 ปีที่แล้ว +7

    Two months later and the USA has an additional 2 trillion in liabilities. 😬

  • @Alex-fs8ji
    @Alex-fs8ji 5 ปีที่แล้ว +9

    it totally made sense, until he started his indentity politics bs at 14minutes.

  • @globalbridges8570
    @globalbridges8570 5 ปีที่แล้ว +29

    Anyone that creates a product in the real world, agriculture, commodities, materials etc is making money. All the stuffed shirts pushing intangible paper instruments is losing money. What a shame! Your house of cards collapsed in 2008, so start investing in real world companies producing real world products that real world people consume not Monopoly money investments.

    • @nicholastidemann9384
      @nicholastidemann9384 5 ปีที่แล้ว

      That's not quite accurate; you see, when the banksters counterfeit money, like with "quantitative easing" (a euphemism for counterfeiting money), that means they get purchasing power of the products you mention without having to produce anything, while the people in the real economy, i.e. the ones actually producing, lose purchasing power.
      Of course, this can be solved easily by the producers switching to using cryptocurrency, which is impossible to counterfeit.

    • @globalbridges8570
      @globalbridges8570 5 ปีที่แล้ว +1

      Nicholas Tidemann
      Banking is legalised fraud. QE is banking fraud^2. Most of QE has ended up in the paper instrument markets (equities, bonds etc.) Hardly any of QE has entered the real economy (Main Street etc) if it had then we would have had Zimbabwe type hyper inflation in the west.
      The real tangible economy is where most people earn a living and make a profit. The legalised fraud has effectively bankrupted itself but wants us in the real economy to bail them out under the guise its our pension funds that will suffer. House prices are double what they could/should be due to inflated land prices, mortgage leverage & reduced deposit requirements. Regulations, (non) free trade agreements reducing innovation by increase costs of new companies. Taxes and interest on the real economy. All these added layers of complexity are where all these intangible paper instruments add costs to what could be simple voluntary transactions.
      So again, what a shame these “investments” are coming undone and the armies of stuffed shirts in the cities with their armchair investing strategies are losing money. They’re only afloat because we’re forced to invest our pensions via them.

  • @rof8200
    @rof8200 5 ปีที่แล้ว +82

    China is highly leveraged my friend. See corporate debts. And SOEs are extremely unprofitable entities

    • @interactiveswingtrading8941
      @interactiveswingtrading8941 5 ปีที่แล้ว +5

      They are highly corrupt lumbering political organizations that waste money on the most ridiculous projects. A perfect example of their ineptitude is the purchase of Nexen in Calgary, a SAGD plant that was supposed to revolutionize oil sand extraction. It ended up being one of the biggest busts in Canadian history. They also bought several small SAGD plants that you could argue were even worse.

    • @twnb7733
      @twnb7733 5 ปีที่แล้ว +5

      The financial collapse comes from the spiritual one. The Sodomie is the last sign before the complete destruction of a civilisation. The West pushes the Sodomy Agenda into the whole world. The sins of the West are full. The Holocaust of the Apostat West is taking place.

    • @Jackrobert28
      @Jackrobert28 5 ปีที่แล้ว

      @@twnb7733 So what is next ?

    • @richardpalu7462
      @richardpalu7462 5 ปีที่แล้ว +1

      @@twnb7733 Ye who has not sinned cast the first stone

    • @jamespetherick6151
      @jamespetherick6151 5 ปีที่แล้ว

      @@twnb7733 what about all the other religions?

  •  5 ปีที่แล้ว +6

    This what I have been saying for the last 10 years - People, friends and family thinks I am crazy.

    • @georgemcneal9297
      @georgemcneal9297 5 ปีที่แล้ว

      No you're not ,seen this coming years ago be prepared.

  • @delinquense
    @delinquense 5 ปีที่แล้ว +28

    The guy's poor mother can't treat herself to a bottle of wine while he no doubt rakes in 6 or 7 figures.

    • @blathermore
      @blathermore 5 ปีที่แล้ว +5

      His thrifty Mum 'feels' poor because her bank account yields no interest....I'm sure he learned from her...check out the simple glass of water he wets his whistle with.

    • @PDuchowski
      @PDuchowski 5 ปีที่แล้ว +9

      You missed the point guys

    • @blackchain1900
      @blackchain1900 5 ปีที่แล้ว +3

      @@PDuchowski and the point was made so clearly.

  • @davidgillettuk9638
    @davidgillettuk9638 5 ปีที่แล้ว +4

    Nice clear truth simply explained. God bless you for your unequivocal truth.

  • @IamSamSammIam
    @IamSamSammIam 5 ปีที่แล้ว +14

    BUY BEANS AND AMMO

  • @knh5954
    @knh5954 5 ปีที่แล้ว +7

    I would contend that when, over a 40 yr period, bought and paid for politicians use fiscal policy to benefit supply side/ corporations with fed monetary policy that naturally benefits supply side/ corps, this is where you end up. Rich country, poor people.
    160 million workers create 106k in goods/services each, a yr; yet 70% make less than 50k yr.
    WHERE DID ALL THE EXTRA MONEY GO?
    You can not have a strong economy without a strong middle class. Classical liberalism led to monopolies, a gilded age and a depression on gold back. And neoliberalism has led to monopolies, another gilded age and what comes next on fiat.
    Laissez faire friedman monetarist supply side trickledown style policies have gutted the bargaining and purchasing power of the American worker and now, the consequences of vast inequality are raising their heads.
    We can not keep doing the same thing and expect a different outcome, we also can not fix this the same way we tried to fix the great recession - which just benefited the wealthy/corp at the expense of the American workers and people and kicked the can down the road further. Fiscal policy will have to benefit workers and people, simply put :
    THEY CAN NOT SPEND IT IF THEY DO NOT HAVE IT

  • @nickoutram6939
    @nickoutram6939 5 ปีที่แล้ว +4

    So its got to be Gold then... Interesting the Pension Fund manager said hold paper rather than Gold -a friend of mine who is a UK Financial Advisor told me that he could not directly recommend PMs to his clients under FSA Rules -is that true?!
    Also I think you are wrong on China debt, they are massively indebted... They have spent the last 10 years spending like crazy on infrastructure projects.

  • @opinionday0079
    @opinionday0079 5 ปีที่แล้ว +7

    Where is the buy gold advertisement that normally accompanies these videos

    • @Viper4ever05
      @Viper4ever05 5 ปีที่แล้ว

      lmao.

    • @darbyheavey406
      @darbyheavey406 5 ปีที่แล้ว +1

      Brass and lead may be a better investment.

  • @rlittlefield2691
    @rlittlefield2691 5 ปีที่แล้ว +6

    Well, though I am not claiming to know everything. But back when I was a stock broker 30 years ago, I heard that inverted yield curves are the harbinger of recession as well. Here is the problem with that, inverted yield curves are caused by governments cutting rates because of slowing economies.

    • @bobs182
      @bobs182 5 ปีที่แล้ว

      Usually inverted yield curves are the result of the fed raising short term interest rates above long term rates. This time investors are buying long term debt driving down the rate below short rates.

    • @utubemewatch
      @utubemewatch 5 ปีที่แล้ว

      R Littlefield Bravo! It’s like saying salting the roads always leads to a snow storm. Every time they spread salt a snow storm is inevitable in the next six months hahaha

  • @georgemav7
    @georgemav7 5 ปีที่แล้ว +4

    What a fantastic appraisal of the western world financial system. It's DEBT, DEBT, DEBT! Perhaps time to consider precious metals before its to late. You don't hear this on the mainstream media. PS Clear your debts and do it fast.

    • @randybaylor2217
      @randybaylor2217 5 ปีที่แล้ว

      Why clear your debts?

    • @georgemav7
      @georgemav7 5 ปีที่แล้ว

      @Many Sins Hi, I think you will find that banks can call in loans at any time. the way I see banks working today they are creating a bubble in all areas of the economy. I live in Melbourne Australia and If we have a default the banks here can fire sale your house. If you are over capitalised like what happened in America in 2008 the banks will continue to chase the debt. You can't walk away from debt obligations here. Debt is agreed slavery but as long as the economy keeps ticking and people are able to continue to pay those debts we will be OK. I don't believe that is going to be the case for much longer as I see high defaults coming and high unemployment. I think we are going to see a further rise in precious metals as people realise that their cash isn't holding it's purchasing power. I hope that has answered your question.One last thing. In 2014 Australia had the G20 meeting and all the leaders around the world agreed to ICE 9, a bank bail in of their citizens deposits. Like what happened to the citizens of Cyprus. The banks will always be protected by the governments they have payed off. Look at Japan. After their economic crash in the eighties their central bank has significant shares in the major corporations.

    • @georgemav7
      @georgemav7 5 ปีที่แล้ว +1

      @Many Sins True. I think you will find in the end the bank will win. 2008 under obama the banks were bailed out with tax payer money except for lehman Brothers. don't know why they weren't bailed out. In regards to home loans I don't remember my bank actually talking about the possibility of them calling in my loan as that was thirty years ago. I am now debt free but our money is not debt free thanks to Nixon unhinging the USD from gold and Bill Clinton taking away Glass Steagall in 1999 with an executive order. The US dollar is pure fiat currency so it only has value through trust of the citizens. All Central banks around the world with the exception of North Korea and Iran are money printing through quantitative easing. This is causing asset bubbles and a reduction in purchasing power all over the world. Its one thing to continue to try and pay a long term debt but if peoples purchasing power is being eroded which means inflation then they better start getting significant pay rises ore they simply won't be able to meet their debt obligations in the future. One last thing, do you have a lone yourself and have you checked your contract in terms of your bank being able to call in your loan. I would love to know. PS; I wish I had known about the financial system when I was younger.

  • @return2innocence221
    @return2innocence221 5 ปีที่แล้ว +7

    Money doesn't grow on trees 🌲 ( that would take time) they just print it instead it's much quicker!!