I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.
I stopped listening and taking stock recommendations from these youtubers, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, so you see I’m often in the red.
I’m a contractor, and my job doesn’t permit me the time to properly analyze my holdings/evaluate stocks myself, so I’ve had a fiduciary actively restructuring my portfolio for the past 7 years now to match the present market condition and that’s how I’ve been able to stay afloat, knowing when to buy and sell…maybe you should do the same.
It's quite astonishing. We face a financial crisis driven by the greed and irresponsibility of financial institutions. In response, Congress enacts laws to curb their excesses. Yet, these institutions lobby to lift those restrictions, claiming it’s necessary for competitiveness. This cycle inevitably leads to another crisis, and it's a pattern we've been repeating since the Great Depression nearly a century ago.
I completely agree; the rules should apply to all banks, regardless of their size. We rarely see meaningful legislation, and this constant back-and-forth between regulation and deregulation undermines not only the economy but also public trust in banks.
I believe using an investing advisor isn’t a terrific idea. In the midst of the 2008 financial crisis, I was literally experiencing horrible dreams before I spoke with an advisor. In conclusion, I was able to increase my initial investment from $320k to almost $2.5 million in 2019 with the aid of my advisor, and I later bought my first investment property.
There are definitely some experts out there. I’ve tried a few over the years, but I’ve been with Annette Marie Holt for about 2 years, and her performance has consistently impressed me. She’s well-known in her field-definitely worth looking up!
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
@@PhilipDunk Sophie Lynn Carrabus is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
The wealth gap has been growing for years, and inflation isn’t helping. The middle class is shrinking, and it feels like if you don’t have assets, you're just falling further behind.
But honestly, I think it’s not all doom and gloom. Historically, economies go through cycles, and while this one feels intense, it's not insurmountable
It’s important to keep perspective. We’ve gone through economic challenges before think about the financial crisis in 2008. Yes, there are major issues like the dollar losing its value on the global stage and the debt levels in the U.S. being astronomical
True, but what really worries me is the unpredictability of everything. Between the Fed printing money and geopolitical tensions, it feels like the rules are changing faster than we can keep up
A recession seems like the "most likely outcome for the economy," and with inflation at a four-decade high, I can't afford to fall victim to these circumstances. I plan to retire in two years with a target fund of $967,000. How can I ensure I reach this goal, and what steps should I take?
Back in 2008, I nearly lost everything. I decided to pull my money out and invest with my wife's wealth manager. Although I haven't quite matched her profits over the years, I still manage to make more. Haha!
This is awesome! I also began investing with a wealth manager in 2020. For a long time, I kicked myself for not realizing I could do that sooner. It's funny how I've now left my day job because my profits take care of all my living expenses.
Financial education is what we need right now for more than 70% of the society in the country as very few are literate on the subject. Thanks to Stacey Macken, the woman that changed my financial life.
Honestly, I'm surprised that this mrs Stacey Macken is mentioned here, came across a testimony about her from one of the beneficiaries on the CNBC news, she seems to be doing extremely well .
She understands every beginner's intention and fix you to a trading course that matches your capacity, she knows her stuff! Her advice has been invaluable to my trading journey. Definitely worth giving a shot
I agree with you.I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
Stacey Macken guided me through budgeting, highlighting areas where I could optimize spending and increase savings. She also provided insights into smart investments to grow my wealth over time, ensuring financial stability even with the higher income
It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
Carol Vivian Constable is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
The economic crisis and downturn are all the signs of 2008 market crash 2.0, so my question is do I still save in the US dollar or is it okay to move all emergency and savings to precious metals?
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
Gold is often seen as a safe-haven asset that can protect against inflation and economic uncertainty. But like any investment, it carries risks. To determine if gold is the right investment option for you, an investment advisor can help you weigh the potential benefits and risks of investing in gold. They can also help you create a well-diversified portfolio that includes gold as part of a broader investment strategy. An investment advisor can help you decide how much of your portfolio should be allocated to gold and select other investments that can complement your gold holdings.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated over $800,000.
I will like to ask, How did you achieve it? I been trying to stick with index funds. I feel this new interest rates hikes could crash this economy. I'm looking out for a better investing strategy, I have a lump sum that inflation is steady eating up.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
For years, I struggled with debt, which made it hard to save and take advantage of compounding through index funds. I know that’s a common experience for many people. After stepping back and really diving into research, I found strategies that fit my situation. It wasn’t an overnight fix, but over time, I saw steady improvements. Now, I’m debt-free, approaching retirement, and on track to hit at least $4 million. Funny enough, I’ve even picked up the habit of binge-watching economic content, something I used to really hate
I agree, luck plays a part, especially early on. But I’ve noticed that when results stay consistent, it’s usually due to more than just luck. When I had 300k, I realized that growing it further wasn’t just about timing or chance, but about strategy. That’s when I found Emily Ava Milligan, a fund manager whose approach to balancing risk and growth helped me build on that foundation
Loved that South Park episode where Nobody knew how to fix anything, so the plumbers, handymen and electricians became millionaires, because no one else could or would do it 😅
Honestly, this situation makes me feel uneasy, particularly with the Fed's decision to cut interest rates by 50 bps. It indicates deeper economic concerns, and I'm uncertain about my $130K investment strategy, especially with the possibility of not just a recession but potentially a depression.
I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
Absolutely, having a solid plan is crucial. My portfolio has doubled since early last year. My financial advisor and I are working towards a seven-figure goal, though it might take until Q3 2024.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I never learned so much about the world until i spent the last 14 years looking into economics and how gold is money and fiat currency always fails. and listening to John over those years has deeply contributed to my knowledge.
Going back to the "real" life of our grandparents' generation is not only practical for our future physical survival but is also important as a means of addressing our deteriorating mental health. We have all become too detached from our fellow man and from what is real and natural in the world, glued to our smart phones as if that is reality while ignoring our friend across the table or the beautiful hummingbird fluttering near our window. What is coming will be brutal, but the silver lining to that dark cloud is that it will also be cleansing. Thank you for this interview. ❤
Some things have skyrocketed in just the last 6 months. An old gal down the street drinks Kroger diet tonic water. She says it helps her leg cramps. Whether true or not I don't know, but here is the deal. She said 6 months ago a 2 liter bottle of Kroger diet tonic water was $1. Then Kroger discontinued the 2 liter bottles and only sold a 1 liter bottle, for $1. Now the 1 liter bottle that was $1 has been raised to $1.50...all within the last 6 months. Kroger is shrinking the size and raising the cost. And if they can, they may reduce the quality of the product to make more $$. It is the American way!
The continuously changing economic conditions in our society have made it necessary for thousands of people to find additional sources of income. Personally, I am looking at the stock market to fuel my retirement goal of $2m, my concern is the recent market crash.
buying the dip has proven to be profitable although for majority, the solution to their problem can be found only in specialized knowledge hence they seek guidance from well experienced advisors
truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Sandy Barclays, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.
Sandy goes deeper than just looking at surface-level trends. she explores technical, fundamental, and sentiment analysis, offering a comprehensive perspective on the market..
Most economic discussions I can not stand it but, I do not know why exactly, I listened the whole video. It makes me see more clearly about the global economy and my own.
I've been an investor in Apple, Tesla because I strongly believe in the company. I've always believed in the stock, but now I don't know if i am to re-distribute my portfolio and put some money in Nvidia. especially now that we are experiencing a market correction,
I dont even know where the stock market is headed to right now. my portfolio of around 200k is not increasing more than 5% and people are predicting a crash .
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
My CFA Julianne Iwersen-Niemann a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you for saving me hours of back and forth investigation into the markets... I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.
the yield on bonds have decreased especially on the long end (30 and 10 Y) indicating that the demand is still there even if the supply remains huge showing a preference for safety. I'm still at a crossroad regarding whether or not to liquidate my $138k
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
Well done, this was and absolutely brilliant conversation that I listened to over two days and sent to friends and family, I couldn't agree more about community living and have started to notice my peers discussing this. Thank you for taking the time to produce your podcast Mo. Kinds P
If you have some land, do you have fruit and nut trees planted? If you missed your chance last season, you got 6 months before tree planting season. I help someone manage a fruit tree orchard and have some fruit tree experience over the last 17 years. I'm no expert by any means, but I have experience with nearly 50 varieties of fruit trees. You know, even if you got fruit trees...they are not permanent. An orchard is continually losing trees. If you wait to find this out, you will be many years behind from where you could be. If disease or animals don't get your fruit trees, a windstorm may uproot, or lightning may split the tree in two. You have to be proactive and not reactive. In other words, you are never finished with your orchard...you keep planting fruit and nut trees forever and ever...even after you plant the bulk of your orchard and think you are done. There is no time to lose with any of this. Some trees may take a decade to produce meaningfully...and then they die. Some of you may not have the right disposition to grow gardens. But most anyone can grow fruit trees. Once trees are established, they generally don't need watering unless there is a massive drought. The trees find their own water. But we are talking temperate climates, not the Mojave desert. I gave up my garden after 12 years. To do gardens right you need to be a slave to them. I don't like being a slave to them. But I am successful with fruit trees...as long as you do not require perfect fruit that needs spraying and chemicals. That is where I draw the line. If a fruit tree can't produce as-is, with only water, and some fertilizer to start out...then it gets cut down and another tree takes its place. If your fruit trees won't do well unless you have tons of sprays, what will you do in SHTFF when you can't get the sprays? And really, I like organic produce and not eating food loaded with poisons. Try to buy older trees that are more developed. Smallish, bare root trees are the worst to buy if you are in a hurry. You have rust, black knot, borers, rabbits can girdle the trees and deer can get a hard-on for your tree and rub it to death. Squirrels are a massive problem unless you have a large orchard of the same trees that produce at the same time and can feed the squirrels and you. Squirrels can strip your fruit tree of all the fruit before it even ripens! And besides squirrels, their little relative, the chipmunk is a big problem with fruit trees. They live in long burrows and have big families. They can start stripping a peach tree before the peaches are as big as a grape. And they also love the fully ripened fruits...it just does not matter to them. You can trap them & poison them. Whatever you do...get rid of them! To kill squirrels / chipmunks / voles, forget BB guns...get the green rat poison blocks and zip tie a few of them to the trees. They will decimate the squirrel population for that season and scale it back some for the next as well. You can buy small traps that kill chipmunks. You can also put a small chunk of the rat poison near their burrow opening for chipmunks and voles. If you get lucky they will bring the block into their burrow for the family to feast on. Just don't use full blocks, cut it into thirds so the little chipmunk can handle it. If you have animals that may eat the poison, put the poison in the burrow or use a bait station. I like the poison near the opening because I can easily see the eating action. Once the blocks stop being brought into the burrow, you fill the burrow up. If the burrow is dug out again, you repeat the process until it is not dug open again. No pets around here, so this baiting technique is not an issue with me. Anyway, back to the trees... One European Green Gage plum took a decade to produce a meaningful crop...then it got black knot and was done for. After that, the rest of the 7 varieties of plums ALL got black knot and had to be cut down within 2 years. Santa Rosa and Japanese Shiroplum are 2 nice plums to grow. But wet and humid Z6 can cause lots of disease problems with fruit trees and plums are one of them. But, it takes time to find out what works best in your zone. Time you don't have. Same thing with an Empire Apple tree. It took over a decade to produce a decent crop. Wonderful apples, then it got a borer and died. A big, beautiful apple tree suddenly loses all its leaves as well as the crop that was set to grow that season. It is heartbreaking. Some trees are labelled wrong and not the right cultivar. Some fruit trees produce low quality fruit...even though the label shows the most delicious looking fruit. A trend lately with our changing climate is some trees are blooming early, then a frost hits and boom...the entire fruit crop is ruined for that season. If you don't grow enough cherries, the birds will strip one or two cherry trees clean before the cherries can ripen. In other words, you have to plant lots of cherry trees that produce at the same time to feed the birds and yourself. One of the best, reliable and heavy producers with fruit trees are the Asian pear trees. Not all varieties are winners, but Olympic aka Korean Giant is good along with Raja Asian pear - they are 2 of the best. I can say that after 17 years of working with 5 varieties of Asian pears. When planting pears, try to get varieties resistant to fire blight. Depends on the local, but fire blight can be a big problem with pears. Belle of Georgia is a nice white peach. Red Haven is a fantastic yellow peach. Loring is another great peach that ripens after Red Haven. But check the chill hours needed for the peach tree. Some trees only produce crops biennial aka every other year. The way you find that out, many times, is only after a few years of growing. When setting up an orchard you need to plan if you want the crops to come in all at once for making preserves / canning or do you want the fruit crops staggered with early, medium and late harvest varieties. You may need a pollinator tree to produce a crop for certain trees...study it up. Some are self-pollinating, others are not. And you need to see which trees are appropriate pollinators. One tree won't always pollinate another tree if they bloom too far apart. Lots to think about and no time to waste. If you want to produce a crop into early winter / late fall...get a persimmon tree or 3. Jiro, Nakita's Gift, Hachiya and lots of other varieties. But check your zones, some are not very cold hardy. Not much time left...we all have eyes to see what is coming. Plant your fruit and nut trees while you can.
I agree with the becoming a "Jack of all trades"....I'm a Gen-Xer that has done (12 years military), carpentry, masonry, auto mechanics, and I've even done drilling and municipal water wells for years. I make side money all the time, and there are not many who can do as many trades as me where I live. I won't hardly notice when it all goes to crap because I'm self-reliant and self-sufficient. Plus I'm stacked with "Metals", clothing, tools, food, auto parts, and just about anything I'd need to shop for.
Assets that go up in value due to inflation is NOT income or profit. The IRS taxes it upon sale calling it Capital Gain when, in fact, the purchasing power has not changed.
Here at the Crowvane Cooperatives Project, we are establishing local community trading using primarily tokenised and fully allocated vaulted silver, but also gold and trades/skills as the only payment mechanism for goods and services, this presents another option for low income or struggling families, convert some of the currency that you would have used to buy essential goods and services anyway into a localised precious metals ecosystem. In this way, you are not converting savings you might not have, but pivoting a portion of your normal monthly existing spending patterns away from big business and the banking system into locally produced farmers and business, keeping the wealth localised.
John manages to deliver armageddon with a smile and a calm voice. An impressive skill! First discovered him in his 2005 book on gold, he did well there to point me in the right direction.
John is a great guest . I think he is right about our two options . Deflation or Hyperinflation … and I’m a believer in the gold standard . We will have to reset things eventually . I’m against war so I’m hoping that won’t happen ! ❤ to all.
18:40 - 700k at least in SoCal, and that’s if you wanna live in a desert with scorching summers. 10-15miles from the coast its a cool $1mil for a starter home.
I really agree with all of what John has summarized on the economic situation although to suggest that 50% of Americans should prepare to move back in with their parents and learn to be handymen to survive the upcoming recession is kinda ridiculous
Most all of our social and economic problems today are due to the fact that over 40 years of rightwing policies following Nixon and Reagan and basically the Reagan tax cuts for the rich taking the top Marginal income tax rate down from 70% to 28% which allowed the business owners to pocket all the profits the workers produced instead of reinvesting into the company and the workers. After the tax break wages went flat and stopped tracking side by side with productivity and all the profits started being taken by the CEOs whose compensation went from 60x the average workers pay to now 450x +. All the big business men and bankers know that Reagan and the GOP have stolen the American Dream and handed it all over the CEO’s and investment bankers. The elites know exactly what has caused all our problems by their greed is not to be discussed.
It’s not a monetary policy problem , it a fiscal policy issue. The fiscal problem arises from the public entitlement attitude that exists among both the rich and poor which drives unjustified inequitable tax cuts and government spending.
Given the current economic difficulties that the country is experiencing, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
The interesting complication in all of this is the fact that global populations are collapsing. Without increasing demand, there can be no growth. Without growth, there can be no lending or investment. Without lending and investing there can be no leverage.
1:01:06 another solution to the currency crises is selling more of the natural resources to pay down debt while also getting fiscally responsible….similar to households and businesses manage insolvency… be selling real stuff
The vast majority of the US Dollar money supply is created by private banks through the fractional reserve system of banking, not by the Federal Reserve.
well who cares that Power of fractional Reserve system is given to them by the Central bank itself by CRR SLR norms. And fed itself is owned by Pvt banks. So ultimately the Citizen of that nation will have to pay the Debt
@@GuzzarAwan Advocates of sound money & the Austrian School, while often concerned with centralization of power in the hands of the state (i.e., the Federal Reserve and government regulators), are less concerned about the centralization of power in private institutions like large banks or corporations. This is inconsistent, as private institutions, when left unchecked, can also wield significant and potentially harmful influence over the economy and public life.
True, the whole system is a ponzi scheme, if inflation ever stops the whole house of cards collapses. Why do I say its a ponzi? There are not enough dollars in existence to cover the outstanding debt so by definition more money has to be created all the time to cover previous debt.
According to most research, the middle class is shrinking in the United States, meaning a smaller percentage of the population is considered middle class, while the proportion of people in the upper income bracket is growing, indicating more people are becoming wealthy!
@@peterwilson9327 Do you have a clue that the biggest asset manager in the world i.e., blackrock has an ETF for BTC? Don't be in illusion. Go research first about the BTC blockchain technology. It will take days for you to understand it. You will then realize that BTC blockchain is the truest definition of money or how monetary system should work. If you still feel that its value should be zero, I can bet you should be able to appreciate the technology behind.
@@ramastarchild6804 The guy has clearly not done his research and has no idea what BTC blockchain is and is commenting on its value. He thinks Blackrock and Larry Finks and Michael Saylors are fool to start believing in the BTC blockchain technology.
Not all currencies. Only Western worlds and China which again was Part of west until recently. All emerging markets , Russia etc their currencies will BOOOM
If the dollar becomes debased it becomes easier to pay off dollar denominated debt, if your premise were correct you should borrow all you can and buy gold and it becomes easier to payoff debt. In truth nobody knows what is going to happen and this nice fellow is no different. You do realize he has been saying the dollar will collapse for the last twenty years. I think he is right, but it could take a hundred years or more
At around 28:30 - Jon sees no link between voters and “what the govm’t says it needs”. (And, so far, no mention of the role of private credit creation - most new money was created by comm banks (mortgages and buyouts) until the covid deluge). No reason the electorate couldn’t get clued in and get serious about how govm’t manages the system without the Fed-Tax-Debt-Rates rigamarole. No mention of Fed’s creation and usurpation either.
The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income. I am a Data Scientist, but currently looking at the stock market to fuel my retirement goal of $10m, my only concern is the recent market crash. Do I stay 100% cash and wait for a bull market, or go ahead to invest anyways?
Agreed, notwithstanding my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k. I've made a fortune so far, and I'm now buying real estates, gold and silver as advised by my FA.
truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Interesting discussion. Just remember not every baby boomer could get into housing when rates were low. As a single female in Australia without a male guarantor for a bank loan, I was unable to borrow until 1985, and was very quickly slugged with repayment rates of 17%., very difficult staying sane and alive during that period; in the town where I lived, there was a suicide every week, but that rate never made the news.
We can inflate the debt away without destroying the dollar. We need only devalue the dollar. Revaluing gold can work. The govt. will never peg gold/dollars again.
I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.
Just try to diversify your portfolio to other market sectors, that way your investment is balanced and you don’t get to make so much losses.
I stopped listening and taking stock recommendations from these youtubers, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, so you see I’m often in the red.
Yes, buying is one thing and knowing when to sell is another, that’s why I do my own stock valuation.
I’m a contractor, and my job doesn’t permit me the time to properly analyze my holdings/evaluate stocks myself, so I’ve had a fiduciary actively restructuring my portfolio for the past 7 years now to match the present market condition and that’s how I’ve been able to stay afloat, knowing when to buy and sell…maybe you should do the same.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
It's quite astonishing. We face a financial crisis driven by the greed and irresponsibility of financial institutions. In response, Congress enacts laws to curb their excesses. Yet, these institutions lobby to lift those restrictions, claiming it’s necessary for competitiveness. This cycle inevitably leads to another crisis, and it's a pattern we've been repeating since the Great Depression nearly a century ago.
I completely agree; the rules should apply to all banks, regardless of their size. We rarely see meaningful legislation, and this constant back-and-forth between regulation and deregulation undermines not only the economy but also public trust in banks.
I believe using an investing advisor isn’t a terrific idea. In the midst of the 2008 financial crisis, I was literally experiencing horrible dreams before I spoke with an advisor. In conclusion, I was able to increase my initial investment from $320k to almost $2.5 million in 2019 with the aid of my advisor, and I later bought my first investment property.
@@hasede-lg9hj I’ve been exploring advisors lately since the market news hasn’t been very encouraging. Who’s the person helping you?
There are definitely some experts out there. I’ve tried a few over the years, but I’ve been with Annette Marie Holt for about 2 years, and her performance has consistently impressed me. She’s well-known in her field-definitely worth looking up!
Thank you so much for the suggestion! I really needed this. I found her online and sent her an email. I hope to hear back from her soon.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Could you kindly elaborate on the advisor's background and qualifications?
@@PhilipDunk Sophie Lynn Carrabus is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Sophie Lynn Carrabus is the licensed fiduciary I use. Just research the name.
The wealth gap has been growing for years, and inflation isn’t helping. The middle class is shrinking, and it feels like if you don’t have assets, you're just falling further behind.
But honestly, I think it’s not all doom and gloom. Historically, economies go through cycles, and while this one feels intense, it's not insurmountable
It’s important to keep perspective. We’ve gone through economic challenges before think about the financial crisis in 2008. Yes, there are major issues like the dollar losing its value on the global stage and the debt levels in the U.S. being astronomical
we also have more tools than ever before to adapt, including more access to financial information and resources
True, but what really worries me is the unpredictability of everything. Between the Fed printing money and geopolitical tensions, it feels like the rules are changing faster than we can keep up
The truth is, wealth inequality is more glaring now, and if you're not prepared, this could really impact your ability to build wealth in the future
A recession seems like the "most likely outcome for the economy," and with inflation at a four-decade high, I can't afford to fall victim to these circumstances. I plan to retire in two years with a target fund of $967,000. How can I ensure I reach this goal, and what steps should I take?
Back in 2008, I nearly lost everything. I decided to pull my money out and invest with my wife's wealth manager. Although I haven't quite matched her profits over the years, I still manage to make more. Haha!
This is awesome! I also began investing with a wealth manager in 2020. For a long time, I kicked myself for not realizing I could do that sooner. It's funny how I've now left my day job because my profits take care of all my living expenses.
That's quite impressive! I could really benefit from the expertise of these advisors; my portfolio has been performing poorly. Who is guiding you?
"Melissa Terri Swayne" does a good job. She is quite the genius in portfolio diversification. You can look her up on the web as she is SEC regulated.
Thank you for the lead. I searched her up on google, and I have sent her an email. I hope she gets back to me soon.
Financial education is what we need right now for more than 70% of the society in the country as very few are literate on the subject. Thanks to Stacey Macken, the woman that changed my financial life.
Honestly, I'm surprised that this mrs Stacey Macken is mentioned here, came across a testimony about her from one of the beneficiaries on the CNBC news, she seems to be doing extremely well .
That woman has changed my life for good. I attended her investment class couple of weeks and she's the best when it comes for guidance
She understands every beginner's intention and fix you to a trading course that matches your capacity, she knows her stuff! Her advice has been invaluable to my trading journey. Definitely worth giving a shot
I agree with you.I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
Stacey Macken guided me through budgeting, highlighting areas where I could optimize spending and increase savings. She also provided insights into smart investments to grow my wealth over time, ensuring financial stability even with the higher income
I am Greatful to you both for having this conversation!
It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
How can I reach this advisers of yours? because I'm seeking for a more effective investment approach on my savings?
Carol Vivian Constable is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Thank you for the recommendation. I'll send her an email, and I hope I'm able to reach her.
The economic crisis and downturn are all the signs of 2008 market crash 2.0, so my question is do I still save in the US dollar or is it okay to move all emergency and savings to precious metals?
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
Gold is often seen as a safe-haven asset that can protect against inflation and economic uncertainty. But like any investment, it carries risks. To determine if gold is the right investment option for you, an investment advisor can help you weigh the potential benefits and risks of investing in gold. They can also help you create a well-diversified portfolio that includes gold as part of a broader investment strategy. An investment advisor can help you decide how much of your portfolio should be allocated to gold and select other investments that can complement your gold holdings.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated over $800,000.
I will like to ask, How did you achieve it? I been trying to stick with index funds. I feel this new interest rates hikes could crash this economy. I'm looking out for a better investing strategy, I have a lump sum that inflation is steady eating up.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
For years, I struggled with debt, which made it hard to save and take advantage of compounding through index funds. I know that’s a common experience for many people. After stepping back and really diving into research, I found strategies that fit my situation. It wasn’t an overnight fix, but over time, I saw steady improvements. Now, I’m debt-free, approaching retirement, and on track to hit at least $4 million. Funny enough, I’ve even picked up the habit of binge-watching economic content, something I used to really hate
That makes sense. I’ve always thought luck plays a huge role in investing. Without it, it’s hard to really succeed, no matter what resources you have.
I agree, luck plays a part, especially early on. But I’ve noticed that when results stay consistent, it’s usually due to more than just luck. When I had 300k, I realized that growing it further wasn’t just about timing or chance, but about strategy. That’s when I found Emily Ava Milligan, a fund manager whose approach to balancing risk and growth helped me build on that foundation
I did a quick search and found her page. I’m curious to learn more. I appreciate that you pointed that out
Loved that South Park episode where Nobody knew how to fix anything, so the plumbers, handymen and electricians became millionaires, because no one else could or would do it 😅
What to do? Wipe the slate clean. Hyper inflation, default or interest rate suppression. Best explanation ever, John Rubino. Well done.
Honestly, this situation makes me feel uneasy, particularly with the Fed's decision to cut interest rates by 50 bps. It indicates deeper economic concerns, and I'm uncertain about my $130K investment strategy, especially with the possibility of not just a recession but potentially a depression.
I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
Absolutely, having a solid plan is crucial. My portfolio has doubled since early last year. My financial advisor and I are working towards a seven-figure goal, though it might take until Q3 2024.
Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve my financial goals.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
John is an absolute gem. I’d put him in my cabinet if I were president
Stuffed and mounted I hope.
@@DavidLockett-x4blike wtf do you bring to the table😂😂😂
Excellent interview. Rubino is a great level headed thinker and communicator.
I never learned so much about the world until i spent the last 14 years looking into economics and how gold is money and fiat currency always fails. and listening to John over those years has deeply contributed to my knowledge.
Going back to the "real" life of our grandparents' generation is not only practical for our future physical survival but is also important as a means of addressing our deteriorating mental health. We have all become too detached from our fellow man and from what is real and natural in the world, glued to our smart phones as if that is reality while ignoring our friend across the table or the beautiful hummingbird fluttering near our window. What is coming will be brutal, but the silver lining to that dark cloud is that it will also be cleansing. Thank you for this interview. ❤
Some things have skyrocketed in just the last 6 months. An old gal down the street drinks Kroger diet tonic water. She says it helps her leg cramps. Whether true or not I don't know, but here is the deal. She said 6 months ago a 2 liter bottle of Kroger diet tonic water was $1. Then Kroger discontinued the 2 liter bottles and only sold a 1 liter bottle, for $1. Now the 1 liter bottle that was $1 has been raised to $1.50...all within the last 6 months. Kroger is shrinking the size and raising the cost. And if they can, they may reduce the quality of the product to make more $$. It is the American way!
So happy to see you have your own show, Mo. You’re one of my favourite people.
Good simplified explanation John. People far and wide need to understand in order that this fiat Ponzi can be collapsed.
The continuously changing economic conditions in our society have made it necessary for thousands of people to find additional sources of income. Personally, I am looking at the stock market to fuel my retirement goal of $2m, my concern is the recent market crash.
buying the dip has proven to be profitable although for majority, the solution to their problem can be found only in specialized knowledge hence they seek guidance from well experienced advisors
truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
😊😊😅😅😅😅
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John has been the voice of reason and calmness. To hear him sound the alarms is something I take note of.
John explains madness with calmness and easy for common folk to understand
Based on the viewing of my feed, you're the first non-financial bot comment to appear. Refreshing.
Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Sandy Barclays, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
She mostly interacts on Telegrams, using the user-name.
@SandyBarclays .
Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.
Sandy gave me the autonomy I need to learn at my own pace and ask questions when I need to she’s so accommodating.
Sandy goes deeper than just looking at surface-level trends. she explores technical, fundamental, and sentiment analysis, offering a comprehensive perspective on the market..
Most economic discussions I can not stand it but, I do not know why exactly, I listened the whole video. It makes me see more clearly about the global economy and my own.
I've been an investor in Apple, Tesla because I strongly believe in the company. I've always believed in the stock, but now I don't know if i am to re-distribute my portfolio and put some money in Nvidia. especially now that we are experiencing a market correction,
I have also considered using an FA but I don't know how to go about it. Please, what are the steps for getting one? Like a really good one.
Thank you for the recommendation. I'll send him an email, and I hope I'm able to reach him and connect.
SCAMMER ALERT…
BEWARE…..
Gabriel Alberto William is a TH-cam scammer operating through the comments section of TH-cam.
SCAMMER ALERT….
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It's all based in debt. Listen again!
I dont even know where the stock market is headed to right now. my portfolio of around 200k is not increasing more than 5% and people are predicting a crash .
i'd advise you redistribute assets in your portfolio with the help of a pro so you don't get burnt in the market
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can I reach this advisers of yours? because I'm seeking for a more effective investment approach on my savings?
My CFA Julianne Iwersen-Niemann a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you for saving me hours of back and forth investigation into the markets... I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.
Great discussion with John Rubino. Great insights and perspectives conveyed. Thank you.
the yield on bonds have decreased especially on the long end (30 and 10 Y) indicating that the demand is still there even if the supply remains huge showing a preference for safety. I'm still at a crossroad regarding whether or not to liquidate my $138k
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
Well done, this was and absolutely brilliant conversation that I listened to over two days and sent to friends and family, I couldn't agree more about community living and have started to notice my peers discussing this. Thank you for taking the time to produce your podcast Mo. Kinds P
John Rubino makes the complex understandable!!! Thank you!!
If you have some land, do you have fruit and nut trees planted? If you missed your chance last season, you got 6 months before tree planting season. I help someone manage a fruit tree orchard and have some fruit tree experience over the last 17 years. I'm no expert by any means, but I have experience with nearly 50 varieties of fruit trees.
You know, even if you got fruit trees...they are not permanent. An orchard is continually losing trees. If you wait to find this out, you will be many years behind from where you could be. If disease or animals don't get your fruit trees, a windstorm may uproot, or lightning may split the tree in two. You have to be proactive and not reactive. In other words, you are never finished with your orchard...you keep planting fruit and nut trees forever and ever...even after you plant the bulk of your orchard and think you are done. There is no time to lose with any of this. Some trees may take a decade to produce meaningfully...and then they die.
Some of you may not have the right disposition to grow gardens. But most anyone can grow fruit trees. Once trees are established, they generally don't need watering unless there is a massive drought. The trees find their own water. But we are talking temperate climates, not the Mojave desert. I gave up my garden after 12 years. To do gardens right you need to be a slave to them. I don't like being a slave to them. But I am successful with fruit trees...as long as you do not require perfect fruit that needs spraying and chemicals. That is where I draw the line. If a fruit tree can't produce as-is, with only water, and some fertilizer to start out...then it gets cut down and another tree takes its place. If your fruit trees won't do well unless you have tons of sprays, what will you do in SHTFF when you can't get the sprays? And really, I like organic produce and not eating food loaded with poisons.
Try to buy older trees that are more developed. Smallish, bare root trees are the worst to buy if you are in a hurry. You have rust, black knot, borers, rabbits can girdle the trees and deer can get a hard-on for your tree and rub it to death. Squirrels are a massive problem unless you have a large orchard of the same trees that produce at the same time and can feed the squirrels and you. Squirrels can strip your fruit tree of all the fruit before it even ripens! And besides squirrels, their little relative, the chipmunk is a big problem with fruit trees. They live in long burrows and have big families. They can start stripping a peach tree before the peaches are as big as a grape. And they also love the fully ripened fruits...it just does not matter to them. You can trap them & poison them. Whatever you do...get rid of them!
To kill squirrels / chipmunks / voles, forget BB guns...get the green rat poison blocks and zip tie a few of them to the trees. They will decimate the squirrel population for that season and scale it back some for the next as well. You can buy small traps that kill chipmunks. You can also put a small chunk of the rat poison near their burrow opening for chipmunks and voles. If you get lucky they will bring the block into their burrow for the family to feast on. Just don't use full blocks, cut it into thirds so the little chipmunk can handle it. If you have animals that may eat the poison, put the poison in the burrow or use a bait station. I like the poison near the opening because I can easily see the eating action. Once the blocks stop being brought into the burrow, you fill the burrow up. If the burrow is dug out again, you repeat the process until it is not dug open again. No pets around here, so this baiting technique is not an issue with me.
Anyway, back to the trees...
One European Green Gage plum took a decade to produce a meaningful crop...then it got black knot and was done for. After that, the rest of the 7 varieties of plums ALL got black knot and had to be cut down within 2 years. Santa Rosa and Japanese Shiroplum are 2 nice plums to grow. But wet and humid Z6 can cause lots of disease problems with fruit trees and plums are one of them. But, it takes time to find out what works best in your zone. Time you don't have.
Same thing with an Empire Apple tree. It took over a decade to produce a decent crop. Wonderful apples, then it got a borer and died. A big, beautiful apple tree suddenly loses all its leaves as well as the crop that was set to grow that season. It is heartbreaking. Some trees are labelled wrong and not the right cultivar. Some fruit trees produce low quality fruit...even though the label shows the most delicious looking fruit. A trend lately with our changing climate is some trees are blooming early, then a frost hits and boom...the entire fruit crop is ruined for that season. If you don't grow enough cherries, the birds will strip one or two cherry trees clean before the cherries can ripen. In other words, you have to plant lots of cherry trees that produce at the same time to feed the birds and yourself.
One of the best, reliable and heavy producers with fruit trees are the Asian pear trees. Not all varieties are winners, but Olympic aka Korean Giant is good along with Raja Asian pear - they are 2 of the best. I can say that after 17 years of working with 5 varieties of Asian pears. When planting pears, try to get varieties resistant to fire blight. Depends on the local, but fire blight can be a big problem with pears. Belle of Georgia is a nice white peach. Red Haven is a fantastic yellow peach. Loring is another great peach that ripens after Red Haven. But check the chill hours needed for the peach tree. Some trees only produce crops biennial aka every other year. The way you find that out, many times, is only after a few years of growing. When setting up an orchard you need to plan if you want the crops to come in all at once for making preserves / canning or do you want the fruit crops staggered with early, medium and late harvest varieties.
You may need a pollinator tree to produce a crop for certain trees...study it up. Some are self-pollinating, others are not. And you need to see which trees are appropriate pollinators. One tree won't always pollinate another tree if they bloom too far apart. Lots to think about and no time to waste. If you want to produce a crop into early winter / late fall...get a persimmon tree or 3. Jiro, Nakita's Gift, Hachiya and lots of other varieties. But check your zones, some are not very cold hardy. Not much time left...we all have eyes to see what is coming. Plant your fruit and nut trees while you can.
this is very nice!
I came back to say- that was cool. Thank you for sharing your time and truth.
I agree with the becoming a "Jack of all trades"....I'm a Gen-Xer that has done (12 years military), carpentry, masonry, auto mechanics, and I've even done drilling and municipal water wells for years. I make side money all the time, and there are not many who can do as many trades as me where I live. I won't hardly notice when it all goes to crap because I'm self-reliant and self-sufficient. Plus I'm stacked with "Metals", clothing, tools, food, auto parts, and just about anything I'd need to shop for.
You might notice when people wind up at your doorstep. Blessings
I can hear this hours. Thank you for inviting John Rubino
This is really interesting! Good job and please keep posting stuff like this 😁
Excellent host & guest speaker, great questions.
This was a very informative interview. John Rubino is my favorite analyst and he is easy on the eyes also.
To say that this podcast was educational is an understatement
very inspiring. Congratulations on an interesting interview. 👍
I have previously seen some interviews with Rubino, and I can only be humbled by such a fine and honest person.
I learnt a lot(!) during this excellent interview. Cannot thank you enough.
This is the class in macroeconomics that you the Student Citizen CAN NOT MISS!!!!
FINAL EXAM COMING SOON!!!!!
Assets that go up in value due to inflation is NOT income or profit. The IRS taxes it upon sale calling it Capital Gain when, in fact, the purchasing power has not changed.
so much truth in one place, amazing guys thanks
Here at the Crowvane Cooperatives Project, we are establishing local community trading using primarily tokenised and fully allocated vaulted silver, but also gold and trades/skills as the only payment mechanism for goods and services, this presents another option for low income or struggling families, convert some of the currency that you would have used to buy essential goods and services anyway into a localised precious metals ecosystem. In this way, you are not converting savings you might not have, but pivoting a portion of your normal monthly existing spending patterns away from big business and the banking system into locally produced farmers and business, keeping the wealth localised.
Do you charge to teach how to setup this of which you speak?
John manages to deliver armageddon with a smile and a calm voice. An impressive skill! First discovered him in his 2005 book on gold, he did well there to point me in the right direction.
Thanks for the VIDEO!
This is a great interview , thank you 👏
Thank you, that was a great interview.
Excellent show I'd like to thank both of you.
Thanks gentlemen!!!
Brilliant interview.
Thank you!!
Thank you for a truthful video. I hope many American people see`s it
America has benefited our whole lives from the labor of all the world's poor people.
No
Notice when these guys who are giving us bad news, they look so happy.
Economy Very well explained, thank you.
BTW, i noticed last week that you had jeffrey Sachs so i gave you a listen and subscribed.
John is a great guest . I think he is right about our two options . Deflation or Hyperinflation … and I’m a believer in the gold standard . We will have to reset things eventually . I’m against war so I’m hoping that won’t happen ! ❤ to all.
Detective of Money Politics is following this very informative content cheers from VK3GFS and 73s from Frank from Melbourne Australia
Thank you for fantastic video both of you!
I’m so interested in the intersection of this conversation and the conversation around all of the upcoming changes in economics due to AI.
Very interesting talk. Only One Conclusion: Disunited States & more self-govt.
18:40 - 700k at least in SoCal, and that’s if you wanna live in a desert with scorching summers. 10-15miles from the coast its a cool $1mil for a starter home.
I really agree with all of what John has summarized on the economic situation although to suggest that 50% of Americans should prepare to move back in with their parents and learn to be handymen to survive the upcoming recession is kinda ridiculous
Wonderful podcast thank you both🙏
John Rubino is extraordinary! Watch this!!! ( "Green Fire" UK )
PS: THANKS, MO !!! 👍
Great video and very important information
Best I have heard.
love all your posts
Most all of our social and economic problems today are due to the fact that over 40 years of rightwing policies following Nixon and Reagan and basically the Reagan tax cuts for the rich taking the top
Marginal income tax rate down from 70% to 28% which allowed the business owners to pocket all the profits the workers produced instead of reinvesting into the company and the workers. After the tax break wages went flat and stopped tracking side by side with productivity and all the profits started being taken by the CEOs whose compensation went from 60x the average workers pay to now 450x +.
All the big business men and bankers know that Reagan and the GOP have stolen the American Dream and handed it all over the CEO’s and investment bankers. The elites know exactly what has caused all our problems by their greed is not to be discussed.
It's bipartisan.
Good show...Thanks!
Establishing a gold back currency, how could it be done and what will be the results?
Wow john is on fire
Love John for referencing South Park 😂
AGI FTW! That or finally, ALEINS!
Y'all got it. No worries.
Thank you.
Nice Southpark reference by John. Pandervese is a great episode.
It’s not a monetary policy problem , it a fiscal policy issue. The fiscal problem arises from the public entitlement attitude that exists among both the rich and poor which drives unjustified inequitable tax cuts and government spending.
One Love!
Always forward, never ever backward!!
☀️☀️☀️
💚💛❤️
🙏🏿🙏🙏🏼
All Empires have their day and ultimately pass into history, sometimes sooner than anyone might think.
Excellent discussion
Given the current economic difficulties that the country is experiencing, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.
Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
Melissa Elise Robinson is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
She actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
We are less than 10 years away from the great reckoning.
The interesting complication in all of this is the fact that global populations are collapsing.
Without increasing demand, there can be no growth. Without growth, there can be no lending or investment. Without lending and investing there can be no leverage.
This is why the new gens have given up on owning and feel they can’t compete.
1:01:06 another solution to the currency crises is selling more of the natural resources to pay down debt while also getting fiscally responsible….similar to households and businesses manage insolvency… be selling real stuff
Bernie warned us!
The vast majority of the US Dollar money supply is created by private banks through the fractional reserve system of banking, not by the Federal Reserve.
well who cares that Power of fractional Reserve system is given to them by the Central bank itself by CRR SLR norms. And fed itself is owned by Pvt banks. So ultimately the Citizen of that nation will have to pay the Debt
@@GuzzarAwan Advocates of sound money & the Austrian School, while often concerned with centralization of power in the hands of the state (i.e., the Federal Reserve and government regulators), are less concerned about the centralization of power in private institutions like large banks or corporations. This is inconsistent, as private institutions, when left unchecked, can also wield significant and potentially harmful influence over the economy and public life.
True, the whole system is a ponzi scheme, if inflation ever stops the whole house of cards collapses. Why do I say its a ponzi? There are not enough dollars in existence to cover the outstanding debt so by definition more money has to be created all the time to cover previous debt.
Thnaks for sharing 🙏
According to most research, the middle class is shrinking in the United States, meaning a smaller percentage of the population is considered middle class, while the proportion of people in the upper income bracket is growing, indicating more people are becoming wealthy!
Assign true values to undervalued assets (gold)(silver)and depreciate overvalued “assets “ie. Crypto and commercial real estate etc 🖖
Bitcoin is not overvalued.
Any value over zero is overvalued for bitcon 😮
@@peterwilson9327 Do you have a clue that the biggest asset manager in the world i.e., blackrock has an ETF for BTC? Don't be in illusion. Go research first about the BTC blockchain technology. It will take days for you to understand it. You will then realize that BTC blockchain is the truest definition of money or how monetary system should work. If you still feel that its value should be zero, I can bet you should be able to appreciate the technology behind.
and who determines value...you?
@@ramastarchild6804 The guy has clearly not done his research and has no idea what BTC blockchain is and is commenting on its value. He thinks Blackrock and Larry Finks and Michael Saylors are fool to start believing in the BTC blockchain technology.
Fair observations and all currencies are going to become worthless. Clear your debts and buy useful hard assets. Gold, silver and tools.
Not all currencies. Only Western worlds and China which again was Part of west until recently. All emerging markets , Russia etc their currencies will BOOOM
If the dollar becomes debased it becomes easier to pay off dollar denominated debt, if your premise were correct you should borrow all you can and buy gold and it becomes easier to payoff debt. In truth nobody knows what is going to happen and this nice fellow is no different. You do realize he has been saying the dollar will collapse for the last twenty years. I think he is right, but it could take a hundred years or more
At around 28:30 - Jon sees no link between voters and “what the govm’t says it needs”. (And, so far, no mention of the role of private credit creation - most new money was created by comm banks (mortgages and buyouts) until the covid deluge). No reason the electorate couldn’t get clued in and get serious about how govm’t manages the system without the Fed-Tax-Debt-Rates rigamarole. No mention of Fed’s creation and usurpation either.
You might not mind the price of real estate going down if the government starts taxing unrealized gains.
The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income. I am a Data Scientist, but currently looking at the stock market to fuel my retirement goal of $10m, my only concern is the recent market crash. Do I stay 100% cash and wait for a bull market, or go ahead to invest anyways?
buying the dip is actually good investing, although for the majority, their investing solution can be found in specialized expertise
Agreed, notwithstanding my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k. I've made a fortune so far, and I'm now buying real estates, gold and silver as advised by my FA.
truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
‘’Aileen Gertrude Tippy’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with and set up an appointment.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Interesting discussion. Just remember not every baby boomer could get into housing when rates were low. As a single female in Australia without a male guarantor for a bank loan, I was unable to borrow until 1985, and was very quickly slugged with repayment rates of 17%., very difficult staying sane and alive during that period; in the town where I lived, there was a suicide every week, but that rate never made the news.
One Trillion in interest every year, most people can't comprehend that number. Brace for impact.
How about buying land? It i
Used to be as a gold.investment
We can inflate the debt away without destroying the dollar. We need only devalue the dollar. Revaluing gold can work. The govt. will never peg gold/dollars again.