The relevant factor is the cost of interest on public and private debt. In 2021 this was $3T, $3.9T in 2022, and $5.6T in 2023. In 2024 I estimate it will be $7-8T. In the past 3 times this cost exceeded 20% of GDP, we had a recession that lasted until it went below 20% of GDP. Note corporate debt is exploding upward, especially in the financial sector.
You can not forecast corruption. I feel your disbelieve, but the chaos should have happened a long time ago if thing were not at these leves of corruption. All number are fake, the stock market have trillions fake shares that have been sold to manipulate it and keep them out of margin calls. Banks have sold all toxic to the government. How you predict that they will double down every single fake report for the past 3 years?
Theres going to be a huge market meltdown at some point markets dont keep going up without an eventual collasp. Just make sure you get out before it does. Move your money into gold and silver or CDs and IRAs, cash, annuity funds
LOL! Foreplay would be: "Get in... NNNNNEEEEOWWWWWW! I'm your husband, Steve van Metre, and thanks for joining me tonight. Now, let's over to bedroom, where..."
When I get to the end of my life I’m just going to sit at home and drink whilst listening to my vinyl collection. Oh sh!t that’s what I’m already doin’🎉
Scott Bessent works for George Soros. He's worked for Soros for years. He's literally been in bed with Soros, probably physically. No kidding. This is betrayal.
Just like the US Elections, the market won't move much until we see who is actually confirmed to the position and he finally starts moving forward with his policies.
Hmm...it all about fiscal dominance. Tax reciepts vs govt expenses. When the expenses exceed the tax reciepts we are in trouble. WE are a hair off now.
Expenditures exceed receipts by $2 trillion now. More money has to be borrowed at higher and higher rates just to pay the interest and 99% of the public has no idea
With Steven , every day is a catastrophe , heart attack, trillions are going to vanish and everyone will lose big time , suicides will be rampant worse than the great depression.
A fiscal hawk may be good for treasuries over the longer term, if the US drastically cuts government spending and reduces its need to issue excessive debt. They should also look at changing tax treatment for interest on treasuries, so that they are taxed like municipal bonds - this would make them more attractive to pension funds, particularly if the real rate is already positive. If we can increase domestic demand for treasuries, it can help offset reduced demand from foreign countries that have been selling or have reduced appetite - or capacity - to buy. The US also needs to work on finding new buyers of US debt to replace retiring buyers like China. Considering that the US is on track to become more of a regional hegemon and less of a global hegemon, it would make sense to look to South American countries to start adopting US dollars and to be buying US debt - Argentina would be a good candidate to get the ball rolling on that.
He wants to deport US low wage labor, turn the US military against American civilians, his cohorts mean to slash 80% of federal employees and associated services/programs and tariff all imports - what do you think is going to happen?
Ummm the idiot you’re referring to is not in the White House the idiot you’re referring to is out spewing his poison and all you fools are listening to his stupidity. So sit down and stop making noise. 😂
This disaster predates all of the recent chair warmers in the Whitehouse. It was not confronted in 2009. The architecture has been compromised since 1913.
I've never seen somebody be able to smirk and talk at the same time. Combine that with a lot of blinking it may be safe to say the subject is not being honest. Beware of fear mongers.
17:43 Quote “Does the arbitrage work?” I am unclear on what this means in context. I think it is saying the arbitrage has projected that the market is willing to accept and take on risk going forward. But honestly I am not entirely clear on the function and application of an arbitrage. If someone is willing to give me some guidance on this I would appreciate your assistance. I find this term to be as opaque as the yearly contract negation that takes place thru or with SAP to set currency values for large internationally negotiated contracts.
meanwhile the markets about to make a new high in the near future. I feel like some truly never get how the market works or what the charts are telling them.
bessent probably thinks like Jim Rogers. same ballpark. .. that means another indicator for gold revaluation imo. wtf else ? more fiat IMF notes? 'imf is releasing a new quadrillion USD note today'....
It's wierd everything I can find says Bessent will be calming and lower the rates...that he is conservative...maybe through his support of tarrifs, which in turn might lead to inflation pressure but the only thing I can find saying Bessent will cause rates to go up again is this video....
@@allanwatts8361 when I make a pile of money on my gold shorts, I will be checking what bots are doing, right now, no time to diffuse attention from a major crash in history.
Why would the long end sell off? You make no sense. Can't be worse than Yellen! You can't read: he said only when rates are ultra low, not now at 4.5%!!!! Stop with the unnecessary drama!
Gold is set to drop -300 bucks next week to end at 2400 by Thanksgiving!! Black Friday discount will be served on a golden plate, for your consumption, ahahaha! And week after that, another drop of -200 bucks to end at 2200.
I don't think China and India want that unless they want to get more of it because it will go further up. Weakness of USD is pushing gold still but reality is that effect will become less dollar reflective. US won't be able to control gold price as much anymore. Gold ETF's are hypotheticals mostly.
@@dionoakman9953 gold not affected by US dollar strength? Hmm, I have seen that idea on a picture called "Stages of a market bubble", this stage is titled "New paradigm!!!" (right at the top) , you can find this image at Google. No government can control prices of assets (gold or anything), we (the consumers) control them. Unless of course, the pass a bill to Congress, but that will be a dictatorship, not a democracy.
The relevant factor is the cost of interest on public and private debt. In 2021 this was $3T, $3.9T in 2022, and $5.6T in 2023. In 2024 I estimate it will be $7-8T. In the past 3 times this cost exceeded 20% of GDP, we had a recession that lasted until it went below 20% of GDP. Note corporate debt is exploding upward, especially in the financial sector.
The bigger problem is private debt. When that has to be written off it will leave a huge hole in government finances.
i hAVE BEEN hearing these gloom scenarios for the past 2 yrs.
Big rise is coming
2 yrs??? Seems more like "for ever"!
You can not forecast corruption. I feel your disbelieve, but the chaos should have happened a long time ago if thing were not at these leves of corruption. All number are fake, the stock market have trillions fake shares that have been sold to manipulate it and keep them out of margin calls. Banks have sold all toxic to the government. How you predict that they will double down every single fake report for the past 3 years?
@@harryviking6347 ….and a half
Still more to come.
In just 24 HOURS...................I WILL HAVE SHARTED
Theres going to be a huge market meltdown at some point markets dont keep going up without an eventual collasp. Just make sure you get out before it does. Move your money into gold and silver or CDs and IRAs, cash, annuity funds
Yeah I swing in and out but mainly sit on cash. It seems frothy.
Just like what happened with Trump and Covid .. I said this a few weeks ago..
Steven is the KING of melodrama, but I like him anyway. Can you imagine being married to someone like him? Egad, every day an emergency.
LOL! Foreplay would be: "Get in... NNNNNEEEEOWWWWWW! I'm your husband, Steve van Metre, and thanks for joining me tonight. Now, let's over to bedroom, where..."
😂😂😂😂😂😂
Always thought he was AI generated.
IN JUST 24 HOURS, over and over 24 weeeks / months ago!
It won't be that bad for very long because no one would be able to finance a house...
The whole system is going to implode.
@@cantrader2601God's speed!
When I get to the end of my life I’m just going to sit at home and drink whilst listening to my vinyl collection. Oh sh!t that’s what I’m already doin’🎉
CHAOS.... is coming
Organized chaos like the battle of waterloo...we lost, no we won...😅😅
Scott Bessent works for George Soros. He's worked for Soros for years. He's literally been in bed with Soros, probably physically. No kidding. This is betrayal.
Just like the US Elections, the market won't move much until we see who is actually confirmed to the position and he finally starts moving forward with his policies.
Hmm...it all about fiscal dominance. Tax reciepts vs govt expenses. When the expenses exceed the tax reciepts we are in trouble. WE are a hair off now.
Expenditures exceed receipts by $2 trillion now. More money has to be borrowed at higher and higher rates just to pay the interest and 99% of the public has no idea
The rich don’t pay their fair share and tRump is rich. Wait till he guts the IRS
@@13MAM13. You could raise taxes on the rich !
With Steven , every day is a catastrophe , heart attack, trillions are going to vanish and everyone will lose big time , suicides will be rampant worse than the great depression.
Steve van DOOM ENDLESS DOOM CHANNEL!
Steven, surrounded by flames: "Stay a while, and listen ...."
A fiscal hawk may be good for treasuries over the longer term, if the US drastically cuts government spending and reduces its need to issue excessive debt. They should also look at changing tax treatment for interest on treasuries, so that they are taxed like municipal bonds - this would make them more attractive to pension funds, particularly if the real rate is already positive. If we can increase domestic demand for treasuries, it can help offset reduced demand from foreign countries that have been selling or have reduced appetite - or capacity - to buy. The US also needs to work on finding new buyers of US debt to replace retiring buyers like China. Considering that the US is on track to become more of a regional hegemon and less of a global hegemon, it would make sense to look to South American countries to start adopting US dollars and to be buying US debt - Argentina would be a good candidate to get the ball rolling on that.
Peace in the Middle East? Governments cutting fiscal outlays? Hah! Tell me another one.
He's not even in office. How can you blame him? It doesn't even make any sense. People say a lot of things doesn't make it so
I know what you are saying.. God Bless President Trump
because we know what trump is.
fdjt
Because what he is publicly saying what he is going to do...evidently you did not listen to the vid
He wants to deport US low wage labor, turn the US military against American civilians, his cohorts mean to slash 80% of federal employees and associated services/programs and tariff all imports - what do you think is going to happen?
Oh crap. We arre gonna have a baby BlackRock head the treasury?
Say no to nuclear war 12/7!
After a forest fire you get a brand new start
Get in now
Is that 24 Earth hours?
Exporters buy us debt...this wont change...plus rates are attractive...you buying german or japan bonds?
What about the current idiot in the White House that actually caused all of this mess!
Ummm the idiot you’re referring to is not in the White House the idiot you’re referring to is out spewing his poison and all you fools are listening to his stupidity. So sit down and stop making noise. 😂
nope
@@jimmylieb5225 Double NOPE!
This disaster predates all of the recent chair warmers in the Whitehouse. It was not confronted in 2009. The architecture has been compromised since 1913.
The idiot before him started it all !
It’s been wrong for so long,it’s going to hurt to get it right
Steven 👍👏
The trigger is interest on debt greater than dod budget...screaming empire, empire...the FED always knows...
If the theme changes I'm never coming back here again!
I've never seen somebody be able to smirk and talk at the same time. Combine that with a lot of blinking it may be safe to say the subject is not being honest. Beware of fear mongers.
Helpful view point. Thank you.
I have my investments mostly in long muni's now. Will they be better than bank CDs or would treasuries be better. I'm 81.
17:43 Quote “Does the arbitrage work?”
I am unclear on what this means in context. I think it is saying the arbitrage has projected that the market is willing to accept and take on risk going forward. But honestly I am not entirely clear on the function and application of an arbitrage. If someone is willing to give me some guidance on this I would appreciate your assistance. I find this term to be as opaque as the yearly contract negation that takes place thru or with SAP to set currency values for large internationally negotiated contracts.
This whole Fed situation seems like a complete cluster fuck.😆
Making a prediction that tomorrow’s headlines will be “Dire Warning! Prepare for crash!”
meanwhile the markets about to make a new high in the near future. I feel like some truly never get how the market works or what the charts are telling them.
bessent probably thinks like Jim Rogers. same ballpark. .. that means another indicator for gold revaluation imo. wtf else ? more fiat IMF notes? 'imf is releasing a new quadrillion USD note today'....
Buy Silver Eagles!
He isn't the orange menace for nothing
🎉trump not even in charge yet , come on man
Get out, now! 😂🤣😅
It's wierd everything I can find says Bessent will be calming and lower the rates...that he is conservative...maybe through his support of tarrifs, which in turn might lead to inflation pressure but the only thing I can find saying Bessent will cause rates to go up again is this video....
Yeppers
vvvvvv Who new you had bots in your chat! vvvvvvvv
Bots telling other bots they are bots..fascinating
@@allanwatts8361 when I make a pile of money on my gold shorts, I will be checking what bots are doing, right now, no time to diffuse attention from a major crash in history.
MAGA
DOGE😂❤❤🎉😂 0:55
Thank you for such fascinating ideas! Your videos always inspire me! 😘🍭
Good job bud
Short the Greenback NNNIIEEEOOOWWW!!!!
Why would the long end sell off? You make no sense. Can't be worse than Yellen! You can't read: he said only when rates are ultra low, not now at 4.5%!!!!
Stop with the unnecessary drama!
Gloom and doom Steve. You must of watched Johnny Bravo channel. All echo information. Be real and do your own research.
I'm 1st :)
Mommy get your cookie 🍪
Gold is set to drop -300 bucks next week to end at 2400 by Thanksgiving!! Black Friday discount will be served on a golden plate, for your consumption, ahahaha! And week after that, another drop of -200 bucks to end at 2200.
I don't think China and India want that unless they want to get more of it because it will go further up. Weakness of USD is pushing gold still but reality is that effect will become less dollar reflective. US won't be able to control gold price as much anymore. Gold ETF's are hypotheticals mostly.
@@dionoakman9953 gold not affected by US dollar strength? Hmm, I have seen that idea on a picture called "Stages of a market bubble", this stage is titled "New paradigm!!!" (right at the top) , you can find this image at Google. No government can control prices of assets (gold or anything), we (the consumers) control them. Unless of course, the pass a bill to Congress, but that will be a dictatorship, not a democracy.
MMT is true. Govt debt does not crowd out private credit! You don’t know what you are talking about!