If the dollar collapses don’t be fooled your debts doesn’t disappear, they add it back to the new currency or mode of barter. best advice get outta debt. make regular investments be debt free and financially stable
I believe every Investor should start with ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.
A lot of folks downplay the role of advlsors 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.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Rebecca Nassar Dunne 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.
With a massive 35 trillion debt everything in the u s is collapsing. Holding on to the dollar and bond is a death trap. Forever printing the dollar will expedite its demise
$35 trillion....not counting mandated spending pushing debt to $190 trillion..or MORE. The Left has been very successful at Killing our Hyprid/ Capitalism
I will wait until the recession is declared and or a new form of QE is implemented. And watch the charts. Then buy gold and silver after the dip, if there is one. In the mean time: short term us treasuries.
@@big_dipper1546 china and japan have high saving rates... they actually have firepower... the us has nearly no savings rate... big difference... the current dollar is already done and cant be saved... there will be a new dollar... in 5 years 50% of total us budget is going to be used to pay interesst on the debt... they cant change it... they wont cut spending... they would need to cut social spendings millitary spending etc etc so thats not gonna happen who would elect politicans when they dont offer monetary incentivs to vote for them... just my 2 cents
As BRICS is expanding, it will eventually be self-sufficient. It has its own energy and natural resources, consumer products, medical supplies and weaponry productions. With that, there will be very little, or none at all, to trade with outsiders. The EU and the US are trading between themselves with Euro and USD. So that's only a small cake left. No hegemony can be realised with such small economy. The US will have to learn to be humble.
US already destroyed itself by supporting Israel and the whole world witnessed both Us and EU. For another 100 generations people would never trust both Now Japan is also witnessing the Us support collapsing its economy so they have to recognize Brics. Thanks to Russia and China now we are heading towards the best currency dominations US will broke trust me its already in debt if 35 trillions which would eventually add up more. US detsoryed itself by supporting Israel its not the US but Israel is highly responsible for US destruction
@@lucyswannsunsafespace7313 America's abuses were directed not only at those she deemed as adversaries but also its allies. Lately, some have been looking for excuses to shy away. 😢😢😢😢
@@brianliew5901 Horse pookie. USS Liberty is just ONE example of said "ally attacking us. I don't want my Country drawn into wars backing others heinous actions. NotOneMoreDime when we ourselves are in dire need for so many. I'm voting against ANYONE involved and backed by YOU know who.
Both the republicans and the democrats have served the the interests of the global capitalists. They are the ones running the show. That is why lobbying of governments, privitisation, deregulation, tax cuts for the rich, austerity measures for the poor, subsidies for the big corporations, bailouts out for the banks, sanctions against countries not supporting this neo liberal agenda, 800 US,military bases around the world constant wars, regime change operations etc etc.
First thing you have to do to build trust in your Dollar 💵, you have to teach your government to STOP stealing other nation's money. Give back Russia their 300 billion, give back Venezuela and Iran and all the other nations there money you have seized, frozed or stole. And stop telling lies to justify invading other peoples country, one classic example Iraq 🇮🇶. Only then will peoples of the world respect your government and trust doing business with you and have confidence in your Dollar 💵.
@@petercottier1376 I am not from US but still, I hope that it doesn't happen until everyone is well-prepared otherwise, many innocent people will suffer.
They want to join BRICS because weak currencies/economies are at less of a disadvantage when they can trade directly with each other minus transacting in a strong currency.
The problem is much, much larger than just de-dollarization, socio-economic, and sociopolitical conditions. It has more to do with the mindsets of the politicians in the West and their sense of glorifying their intellectual capacity and capability to solve their country's problems like self-appointed God-like figures. The current wave of discord in Europe and the bar-room style political brawl in US says it all. Nero playing the fiddle while Rome burnt.
@@LuLong-kk8gm yes we are The only thing that makes my useless government look good is the US congress. the can't do anything at all MAGA run sh!t show. The lawless nation with rampant corruption. Politically ran courts that serve party agenda before the law or constitution. Laughable levels of propaganda news and the even more laughable fact that people are dumb enough to buy it. Make no mistake Everyone is laughing at America. and that laughter will gain 100 fold if the greatest clown ever gets back in office.
You are so correct. It's shocking that so many seemingly educated people haven't been able to see through the Western government/media generated lie that Russia "unprovokedly" invaded Ukraine. The fact that the majority of people throughout the planet are unaware of the events leading up to 2014 - is both shocking and scary at the same time. Combined with the public's wide acceptance of the US government/media's transparently deceitful "Weapons of Mass Destruction" attack on Iraq, it is clear that the majority of the world's people lack the intelligence or are simply too intellectually lazy to avoid being manipulated into accepting false narratives espoused by Western media and politicians. People too readily default to the notion that their country is the "good guy" in all conflicts. As a consequence, malevolent entities such as the US government can easily convince the public of the need to engage in fake wars, by simply creating false enemies, stating events that never occurred, demonizing other nations and its leaders and by generating legions of false narratives - narratives that are never vetted by the media before being spread to the general public. Given the fact that China is without doubt the current economic giant of the world and the world is rapidly moving away from the US dollar, the desperate and panicked US government is in the process of creating a very noisy war in the hopes that - as has historically happened - there will be a flight of foreign capital into the dollar and into the US stock market. Since the Ukraine conflict has not stemmed the flow of global de-dollarization, the US is hoping that another war will do the trick. Hence, Israel's recent murderous attacks on Iranian targets, acts that were clearly coordinated with the US government and military in its pathetic attempts to initiate a war for the purpose of maintaining America's vaunted and unearned worldwide hegemony. There is nothing good that can be said about the US government and its malevolent war machine, neither of whom have any respect for the law or for human lives.
The US military is overstretched with 800+ military bases throughout the world. If the US has to set aside most of her GDP for building up its military, she will have very little left to develop her economy and infrastructure. Shouldn't the US cut back all its foreign military bases and focus only on the US and her immediate neighbourhood? Afterall the US is protected by the Atlantic and Pacific Oceans. Which country will have escalastory dominance over the US? The US should adopt a different foreign policy - go around the world to cultivate friendship instead of inciting enmity!
@@prolific1518Is the current foreign policy of the US all this while benefitted the US? By being dictatorial, bullying and aggressive, the US is only shooting at its own foot.
FREE TRADE = The Don ….. Mr Big guy President Trump . However on the other side we have USA wars BECAUSE OF THE FOLLOWING REPTILES sleepy Joe, Obinga, Camel Harris, Hilarious Clinton and FAKE NEWS.
Oh bull. For example, we are supposed to think China is going to invade Taiwan. Where are the sat photos of the invasion fleet poised to strike ? Uh, uh, they're coming over on ferry boats ! Really ? Taiwan only spends 2% of it's GDP on defense, which is low by world standards. If the Taiwanese don't believe an invasion is imminent why should we ? Because the military industrial complex wants to spend our money. Is that it ? Yep.
The guest says inflation under Trump years was 2%. I am guessing that he is not a follower of Austrian Economics. Under both political parties, the U.S. has created more currency than warranted by the economy.
I’m ok with the money to Israel. Def not ok with the corrupt giveaways to ukraine Need a peacetime mentality president rather than the warmongering of Biden/Harris.
@@frankiesmart1113 explain why conservatives fight against investment in domestic renewable energy sources. There will never be enough oil in the US alone to sustain the economy.
@@prolific1518 "There will never be enough oil in the US alone to sustain the economy." The free-market economy should use the most economical energy source, and it will transform as needed. No government forced people to stop using horses.
At this moment, things appear to be odd. Inflation is reducing the value of the US dollar, but it is strengthening in comparison to other currencies and commodities like real estate and gold. People are switching to the dollar because they believe it is safer. I worry that the rising cost of living may cause the value of my retirement savings to decline. We could put our cash anywhere else.
Having a mentor is my personal recommendation. It seems like a good bet if you have limited market knowledge, but I'm not sure where you'll find an experienced one.
Many people underestimate the importance of advisors until their emotions lead to negative outcomes. I remember a few summers ago, after my long divorce, I sought the help of a diligent license advisor. They greatly assisted in boosting my business, increasing my reserve from $75k to around $190k despite inflation.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've been stuck with Jessica Lee Horst for about five years now, and her performance has been consistently impressive.
Sanctions hurt who exactly? How about the country's citizens who initiated the sanctions. You can make the argument that it's a war against its own citizenry because prices for imported goods will increase because of the added tarrifs.
In my lifetime i never worried about money in the bank; money in and no worries about access when I wanted. The past 4yrs, I now worry. Cannot count on access anymore. I'm a senior.
For real. I stopped listening after. So disturbing. There is no space that hasn’t been infected by the gaslighting lies and toxic propaganda. I view anyone still taken in by this insanity as mentally ill.
@@lamarravery4094 Lolz not a supporter but also discerning enough to know DJT was not a neofuedal techno commie who actually did some good for the economy comparatively. TDS is no longer an excuse for hubristic ignorance.
If you listened correctly, he said that the MRNA RESEARCH helped create a solution for his daughter (not the CoVid vaccine itself). Don't throw the baby out with the bathwater. 🙄
It's time for a change N cannot depend on dollars. Using dollars as a political weapons but not helping countries around the world U. S. Exposed it's foxy tail N frighten countries around the world
mRNA might be useful but it's definitely an oversight to have it force production of a toxic protein everywhere in the body for an unspecified period of time.
It's worse, the people are mere plebes, it doesn't matter to this guy if the quality of life of Americans sink, his notion of "the economy" means barely "protect capital"
Thank you, Michelle, for the wonderful service you provide. Art Laffer is a National Treasure, capable of explaining difficult, and often boring, concepts in an easy to understand manner. The knowledge gained is priceless. If I understood correctly, you are a 'newly minted' U.S. Citizen. Please accept my congratulations if this is a recent achievement; America is certainly richer for it. Additionally, and please don't be offended, you are a stunningly beautiful woman. Wishing you well, always.
I hope Mr. Laffer is once again put in a position to help direct economic policy. He is truly an intellectual giant. Michelle, you are absolutely one of the best interviewers; your understanding and research are obvious. Thank you.
No. He is about the same old policy to get his company tax cut not the citizens. He is Warmongers by talking out more money to military when wars out the U.S. In 35 trillions debts. He is never mention to put money into economic growth by innovation and science development and infrastructure development in the U.S. He is just another Wall Street rich guy likes Imperial colonial ideology. He wants the U.S. dominance. The only good thing he said about the sanctions is elimination!
About 65 countries have their local currencies pegged to the dollar in some fashion. Additionally, there are many countries where the citizens use the US dollar for day-to-day transactions as their local currency is useless.
Why is that? Because we export our inflation and those currencies get crushed. They import products we export debt. The need dollars so they get into debt they cannot pay and they borrow on and on. Making their currency worthless
YEP, bringing CBDC as national currency. first destroying dollar and then... rev. 13: 16, 17 "It puts under compulsion all people-the small and the great, the rich and the poor, the free and the slaves-that these should be marked on their right hand or on their forehead, 17 and that nobody can buy or sell except a person having the mark, the name of the wild beast or the number of its name. #6.66"
This is true but also more reason why the US dollar has far too much power in the world and why most countries want a change. The days of the US dominating in the world (like we used to) are numbered.
Bravo to Michelle 👏 .. I have been watching your show for a long time, this is simply your best interview n Art Laffer is by far the best economist the world needs!!!🙏 His "NorthStar" policies .. low tax rates, free trades n etc have already been successfully implemented by emerging powerhouses like Singapore, UAE n the likes .. n these countries are simply strifing n prospering!!! I hope you can bring Art Laffer back to your show soon.. love it!!! 👉🔝🙏🙌🫶🫶🫶🫶🙌🙏🔝
Excellent show with Art. His wisdom backed with his long fab career is gold. With one exception; Re; strong military for the US prosperity, it’s time we get used to the idea that others can be there too. Trouble we have is that we can not see, or we don’t want to admit. While we pretend as king wasting $$$ to buy the illusion, China & Russia clearly took over the spot either economically and/or militarily. Let our mind fly free, and try make some friends for change, America!
A great idea to make a video with Dr Arthur Laffer. First time I see him but i was very impressed! He was very articulate, informative and very persuasive. He expressed his views in a very systematic and scientific way to get his views across. All in all an excellent and extremely informative video!
All true with one exception !! A strong US dollar would magnify the interest paid on the National debt whereas a devalued dollar would make it much easier and cheaper for the US to keep paying the interest on the debt with devalued dollars !! 😮
This dude doesn’t realize we don’t have unlimited resources. Raw materials are getting more expensive to extract and their supplies are limited. No monetary policy or taxation can change that. Fantasy versus reality, he doesn’t get it. Growth is necessary to service debt, otherwise one has deflation
They’re more expensive because our current administration has cut us off from….. our oil! Bring down the price of gas and it will help everything that is shipped, processed, packed and created to stabilize or come down in price. And that’s just one step.
Probably, comparing the dollar to toilet paper is downgrading the one that is so useful in the 10th muse's temples, from Bretton Woods the whole world gave away 100 dollars + percentages, which cost 17 cents to print from the air, the new American dream is having a place to set up a tent
Eventually the fiat US dollar is just of the global currencies which global peoples & countries have the option to use or not to use it in international trade & commerce.
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If the dollar collapses don’t be fooled your debts doesn’t disappear, they add it back to the new currency or mode of barter. best advice get outta debt. make regular investments be debt free and financially stable
I believe every Investor should start with ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.
A lot of folks downplay the role of advlsors 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.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.
She looks to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Scammers above, buyer beware
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
If you don't mind, how can I reach this advisrr? My retirement portfolio isnt doing greatly.
Rebecca Nassar Dunne 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.
@@KatyaSantos-g4c buy Gold.
With a massive 35 trillion debt everything in the u s is collapsing. Holding on to the dollar and bond is a death trap. Forever printing the dollar will expedite its demise
overcapacity of fiat money, Yellen said is a good thing
$35 trillion....not counting mandated spending pushing debt to $190 trillion..or MORE. The Left has been very successful at Killing our Hyprid/ Capitalism
and how much was govt debt before the Iraq War? Less than $1 trillion. War, overleveraged financial sector, bailouts and subsequent money printing
The recent elimination of the Petrodollar Agreement in July is a big issue.
I will wait until the recession is declared and or a new form of QE is implemented. And watch the charts. Then buy gold and silver after the dip, if there is one. In the mean time: short term us treasuries.
The days of the dollar being trustworthy is over. We are in the beginning of the post-dollar era.
Yah how can we trust a currency that has lost its value , we definitely need to store wealth in it ?can’t blame other countries bailing on the dollar
@@barbaraatkinson2204 also a currency that can be taken from you the second you don’t agree with the US.
Self-inflicted-problem-by-US-Govt
@@arr8577 I concur.
A trillion dollars added to the debt every 100 days it's over
Blame greedy politicians
We are already in total disaster. With these rate the dollar is going down very fast @big_dipper1546
@@big_dipper1546 china and japan have high saving rates... they actually have firepower... the us has nearly no savings rate... big difference... the current dollar is already done and cant be saved... there will be a new dollar... in 5 years 50% of total us budget is going to be used to pay interesst on the debt... they cant change it... they wont cut spending... they would need to cut social spendings millitary spending etc etc so thats not gonna happen who would elect politicans when they dont offer monetary incentivs to vote for them...
just my 2 cents
SWIFT will not survive and China will own the dollar. It already does! @@big_dipper1546
Will the US politicians and agencies go against the aipac ? An impossible scenario. Nobody goes against the Godfather .
As BRICS is expanding, it will eventually be self-sufficient. It has its own energy and natural resources, consumer products, medical supplies and weaponry productions. With that, there will be very little, or none at all, to trade with outsiders. The EU and the US are trading between themselves with Euro and USD. So that's only a small cake left. No hegemony can be realised with such small economy. The US will have to learn to be humble.
Ahhh! Someone gets it at last!!!
US already destroyed itself by supporting Israel and the whole world witnessed both Us and EU. For another 100 generations people would never trust both
Now Japan is also witnessing the Us support collapsing its economy so they have to recognize Brics.
Thanks to Russia and China now we are heading towards the best currency dominations
US will broke trust me its already in debt if 35 trillions which would eventually add up more. US detsoryed itself by supporting Israel its not the US but Israel is highly responsible for US destruction
America's abusive policies is solely responsible for its own downfall. 😢😢😢😢
Very well said! Cudos.
And citizens that DID NOT choose this are suffering greatly for it.
This is why people should stop putting so much stock into politics.
@@lucyswannsunsafespace7313 America's abuses were directed not only at those she deemed as adversaries but also its allies. Lately, some have been looking for excuses to shy away. 😢😢😢😢
@@brianliew5901 Horse pookie. USS Liberty is just ONE example of said "ally attacking us. I don't want my Country drawn into wars backing others heinous actions. NotOneMoreDime when we ourselves are in dire need for so many. I'm voting against ANYONE involved and backed by YOU know who.
Those who want wars should go to battle in person first!!!
Actually US should respect other country's sovereignty
I would call it a Fat Hope!
I can only dream so.
Isn't it the reason for real 'Democracy' not?
@@jsyo9639 true but US keep berating others on lack of democracy yet it is infringing on other country's rights, go figure
Except when you are an EMPIRE!
News flash! Other countries aren't messing with us but are reacting to our actions, interferences, hypocrisies, etc.
It's a relief to hear a sane man who talks straight. 💯💓
Many have been speaking to expose the ponzi
Except Reagan politics helped the wealthiest by reducing their taxes and curbed inflation by cracking down on the working people.
Both the republicans and the democrats have served the the interests of the global capitalists. They are the ones running the show. That is why lobbying of governments, privitisation, deregulation, tax cuts for the rich, austerity measures for the poor, subsidies for the big corporations, bailouts out for the banks, sanctions against countries not supporting this neo liberal agenda, 800 US,military bases around the world constant wars, regime change operations etc etc.
@@benangel3268Wrong
Regan was part of the whole corrupt system, just like every other president of the corps..oration.
You didn't ask him about the US and EU releasing the Russian reserve. That was the root cause of dedollarization
Good point!
It started way before that. That just reaffirmed the reasons why.
KITCO is very well served by having Michelle Makori as a lead anchor. Excellent interviewer!
Sure is.
I so agree. She is one of the finest... She is just so thorough, has such command over such complicated topics, she is at complete ease...
I agree.
Plus. She's pleasing to watch.
It's a beautiful presentation
She interrupts her guests too much
First thing you have to do to build trust in your Dollar 💵, you have to teach your government to STOP stealing other nation's money. Give back Russia their 300 billion, give back Venezuela and Iran and all the other nations there money you have seized, frozed or stole. And stop telling lies to justify invading other peoples country, one classic example Iraq 🇮🇶.
Only then will peoples of the world respect your government and trust doing business with you and have confidence in your Dollar 💵.
When War Pigs fly...maybe
USA and most countries are run by much higher powers, and unfortunately, they aren't influenced by humanity or God.
I agree, they treat their own people like shit( Black People)
The dollar is backed by bullets isn't it?
now the Rainbow Army... feel safe? lol
Yeah, good way to put it @grumbleweed
Pornography actually.Getting farked everyday holding on to it.
Nuclear weapons!
💯💯💯💯💯
If dollar is world currency. Well then the world should decide it value. Not just USA
It's decided by Wall Street, the zion conglomerate financial hub .
They're in the process of valuing it now. And we're soon going to see it has closed to zero value.
It will!
@@petercottier1376 I am not from US but still, I hope that it doesn't happen until everyone is well-prepared otherwise, many innocent people will suffer.
AMERICA ALLREADY EDUCATED THE WORLD, THAT WHY SO MANY COUNTRIES WANT TO JOIN BRICS
😂😂😂😂😂 because USA is father of Israel
@@gilancadre6236 Israel, the bane of the world's path to peace and prosperity.
They want to join BRICS because weak currencies/economies are at less of a disadvantage when they can trade directly with each other minus transacting in a strong currency.
They discovered that hegemony is achieved thru SWIFT and dollars controlled by we know who.
@@alexberukoff2593 😂
The problem is much, much larger than just de-dollarization, socio-economic, and sociopolitical conditions.
It has more to do with the mindsets of the politicians in the West and their sense of glorifying their intellectual capacity and capability to solve their country's problems like self-appointed God-like figures.
The current wave of discord in Europe and the bar-room style political brawl in US says it all.
Nero playing the fiddle while Rome burnt.
Britain is no longer called a pound, but an ounce. 😅 Well played sir. 😅😅
Arthur Laffer is hitting the head of the nail 💯
The whole world is laughing at US government, so childish 😊
I think the UK government arresting citizens over tweets might beat the US this time around lol
No we are not. We are too busy getting out
@@LuLong-kk8gm yes we are
The only thing that makes my useless government look good is the US congress.
the can't do anything at all MAGA run sh!t show.
The lawless nation with rampant corruption. Politically ran courts that serve party agenda before the law or constitution.
Laughable levels of propaganda news and the even more laughable fact that people are dumb enough to buy it.
Make no mistake
Everyone is laughing at America.
and that laughter will gain 100 fold if the greatest clown ever gets back in office.
@@CalvinGroover Even worse than in russia.
No we are all worried you kill the economy because a bad economy in US is bad for everyone else too.
Again, Russia did not invade Ukraine - the US did in 2014 by overthrowing the Ukrainian government then attacking Eastern Ukraine.
You are so correct.
It's shocking that so many seemingly educated people haven't been able to see through the Western government/media generated lie that Russia "unprovokedly" invaded Ukraine.
The fact that the majority of people throughout the planet are unaware of the events leading up to 2014 - is both shocking and scary at the same time.
Combined with the public's wide acceptance of the US government/media's transparently deceitful "Weapons of Mass Destruction" attack on Iraq, it is clear that the majority of the world's people lack the intelligence or are simply too intellectually lazy to avoid being manipulated into accepting false narratives espoused by Western media and politicians. People too readily default to the notion that their country is the "good guy" in all conflicts.
As a consequence, malevolent entities such as the US government can easily convince the public of the need to engage in fake wars, by simply creating false enemies, stating events that never occurred, demonizing other nations and its leaders and by generating legions of false narratives - narratives that are never vetted by the media before being spread to the general public.
Given the fact that China is without doubt the current economic giant of the world and the world is rapidly moving away from the US dollar, the desperate and panicked US government is in the process of creating a very noisy war in the hopes that - as has historically happened - there will be a flight of foreign capital into the dollar and into the US stock market.
Since the Ukraine conflict has not stemmed the flow of global de-dollarization, the US is hoping that another war will do the trick.
Hence, Israel's recent murderous attacks on Iranian targets, acts that were clearly coordinated with the US government and military in its pathetic attempts to initiate a war for the purpose of maintaining America's vaunted and unearned worldwide hegemony.
There is nothing good that can be said about the US government and its malevolent war machine, neither of whom have any respect for the law or for human lives.
Exactly, nice to see someone with a functioning analytical brain.
The US military is overstretched with 800+ military bases throughout the world. If the US has to set aside most of her GDP for building up its military, she will have very little left to develop her economy and infrastructure. Shouldn't the US cut back all its foreign military bases and focus only on the US and her immediate neighbourhood? Afterall the US is protected by the Atlantic and Pacific Oceans. Which country will have escalastory dominance over the US? The US should adopt a different foreign policy - go around the world to cultivate friendship instead of inciting enmity!
@@tinatang1 you seem to think the US foreign policy is meant to benefit the world
😂😂 wake up to yourself before it's to late.
Your government will come after its own once the realise they can't mess with their neighbours anymore.
@@prolific1518Is the current foreign policy of the US all this while benefitted the US? By being dictatorial, bullying and aggressive, the US is only shooting at its own foot.
yeah most of the people living in the U.S. know how corrupt the govt. is. i wonder if the U.S. elections are rigged. would not surprise me if they are
FREE TRADE = The Don ….. Mr Big guy President Trump . However on the other side we have USA wars BECAUSE OF THE FOLLOWING REPTILES sleepy Joe, Obinga, Camel Harris, Hilarious Clinton and FAKE NEWS.
i missed the part of the Reagan era where the US was free-trading with the USSR 😂
I didn't == nid 80s..
saw a US study on converting major user military plants to consumer mfg !
tanks 2 cars / refridges/ washers etc
The downfall of another empire....
Exactly
Thank God
A great blessing to the world and humanity.
Go woke go broke
Oh bull. For example, we are supposed to think China is going to invade Taiwan. Where are the sat photos of the invasion fleet poised to strike ? Uh, uh, they're coming over on ferry boats ! Really ? Taiwan only spends 2% of it's GDP on defense, which is low by world standards. If the Taiwanese don't believe an invasion is imminent why should we ? Because the military industrial complex wants to spend our money. Is that it ? Yep.
The guest says inflation under Trump years was 2%.
I am guessing that he is not a follower of Austrian Economics.
Under both political parties, the U.S. has created more currency than warranted by the economy.
His America can become great again is insane.
You mean sending billions of dollars to Israel and Ukraine didn’t help strengthen our economy?
No, it helped strengthen the economy of certain members of congress.
It was the banksters' (Federal Reserve) last gasp at keeping control. It failed. War is their distraction from their corrupt actions.
I’m ok with the money to Israel. Def not ok with the corrupt giveaways to ukraine
Need a peacetime mentality president rather than the warmongering of Biden/Harris.
Taiwan also.
😂😂😂😂😂 The Economy is doing just fine, everyone just go back to sleep 😴😴
We never hear enough from Art Laffer. I hope you'll have him on again soon. It's so rare to find someone with his knowledge and expertise.
The people who broke everything have to go. Who ever keeps voting for these nuts.. thanks
There one in the same
Well, we can't vote for Trump, he's a deranged narcissistic nut job.
more and more realizing, voting is a joke. You really believe in voting? Every political figure is pick and decided by a few, not thing will change
Yes, 100% trump must go to jail.
@@wood1595 To preserve the power of the grooks who are ruining the country.
Dr Laffer, you are the voice of reason in the wilderness and a gentleman!
He who rules energy, rules the world.
Lyndon Johnson said as much ; sheeple are subjects
@@frankiesmart1113 explain why conservatives fight against investment in domestic renewable energy sources. There will never be enough oil in the US alone to sustain the economy.
@@prolific1518 "There will never be enough oil in the US alone to sustain the economy." The free-market economy should use the most economical energy source, and it will transform as needed. No government forced people to stop using horses.
You mean he who rules the weather rules the world!
I thought it was, he who has the Gold, makes the rules!?
Infinite growth in a finite world is not possible. Welcome to reality.
Mr. Laffer is a passionate, very reasonable, intelligent person. We here in the U.S. need more people like him.
And sadly, a useful tool of Donald Trump, for which he should be ashamed.
@@Ron239 Trump can't read the US constitution either, but how am I better off under this pedo-president?
No. It is the continuous old warmongers policy like Trump and tax break for the Rich and Wall Street.
No way. There are plenty of reactive people who like to yell about everything.
He's one of the economists behind the unmitigated catastrophe of Reaganomics.
As long as there is a human intervention in monetary policy currencies won’t be trustworthy
🚨BOILED FROG ECONOMY🚨
Mr MaGoo
Chasing Yesterday's Ghosts
One Myopic Eye
Logical Thinking Is
Impossible
Yet, They Get Elected?
How Is That Possible?
I WANNA KNOW
And society downward spiral.
Hey Alan how’s it hangin bro
@@frederickmuhlbauer9477 😉🙏🏿🤘🏻
Slow-cooked frog in a claypot. 🤣
And yet the American people are still dreaming of the "American Dreams". Maybe they are still sleeping.
American night mare
Whatever that means. Try making a point.
They are sleeping in the streets with fentanyl consumption dreaming about the american dream.
At this moment, things appear to be odd. Inflation is reducing the value of the US dollar, but it is strengthening in comparison to other currencies and commodities like real estate and gold. People are switching to the dollar because they believe it is safer. I worry that the rising cost of living may cause the value of my retirement savings to decline. We could put our cash anywhere else.
Having a mentor is my personal recommendation. It seems like a good bet if you have limited market knowledge, but I'm not sure where you'll find an experienced one.
Many people underestimate the importance of advisors until their emotions lead to negative outcomes. I remember a few summers ago, after my long divorce, I sought the help of a diligent license advisor. They greatly assisted in boosting my business, increasing my reserve from $75k to around $190k despite inflation.
Please who's this advisor that guides you?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've been stuck with Jessica Lee Horst for about five years now, and her performance has been consistently impressive.
Sanctions hurt who exactly? How about the country's citizens who initiated the sanctions. You can make the argument that it's a war against its own citizenry because prices for imported goods will increase because of the added tarrifs.
Thanks art, for speaking freely. Interesting,and refreshing.
Haven’t watched the video yet but the US dollar has been an unhinged paper currency since 1971
Facts!!!!❤❤❤❤
I wonder just how long can it stay afloat?
@@OhYesYes-l6othe entire world went FIAT. Hence the chaos worldwide. This is beyond Biblical.
Gold. Gold. Gold. Biblical.
🚨🇺🇸
Exactly 😂
Yeah, he talks about it.
Great interview. Art is the man. Other than his idea with Bitcoin and Kathy Woods, his ideas and assessment is spot on. Please have him back on soon.
In my lifetime i never worried about money in the bank; money in and no worries about access when I wanted. The past 4yrs, I now worry. Cannot count on access anymore. I'm a senior.
We have to vote Trump in
The ship has sailed on the fiat dollar being a store of value.
This guy is just outstanding! Thank you for the interview! I agree with him on most points!
He lost all credibility praising CV19 vax!
And working with Trump doesn't help him either.
For real. I stopped listening after. So disturbing. There is no space that hasn’t been infected by the gaslighting lies and toxic propaganda. I view anyone still taken in by this insanity as mentally ill.
@@lamarravery4094
Lolz not a supporter but also discerning enough to know DJT was not a neofuedal techno commie who actually did some good for the economy comparatively.
TDS is no longer an excuse for hubristic ignorance.
If you listened correctly, he said that the MRNA RESEARCH helped create a solution for his daughter (not the CoVid vaccine itself). Don't throw the baby out with the bathwater. 🙄
How did he loose all ECONOMIC credibility by supposedly "praising the CoVid vax!). That's comparing apples and oranges. 🤔🤔
I love Mr. Laffer. Clear and easy to follow and a real human to boot!
It's time for a change N cannot depend on dollars. Using dollars as a political weapons but not helping countries around the world U. S. Exposed it's foxy tail N frighten countries around the world
This man speaks reason, too bad no one is going to listen to him
He's wrong about economics. You're still dealing with the effects of trickle down economics.
@@prolific1518Keynesian*
Trickle down Commies.
He lies about China and Russia
Ignores brics are now superior to G7
They used to...
It's all deliberate. "You will own nothing and be happy." - The WEF.
Isn’t he wonderful. Love listening to him. Well done Michelle.
Too late for the dollar!!! No going back
We need to create wealth, not confiscate it.
I agree to give Haiti their gold back that America took from them and store it in Fort Knox Kentucky.
We could start making the wealthy pay taxes like I do...
This was an awesome episode! Thank you Kitco for keeping this content available for us. 😊
Refreshing and encouraging interview!!
Thank you, Michelle!
Warp speed and Vaccines i beg to differ
I agree, sir.
Beg the differ In which way❓🤔
mRNA might be useful but it's definitely an oversight to have it force production of a toxic protein everywhere in the body for an unspecified period of time.
WS and his turning into a vaccine salesman was Trump's biggest downfalls.
Exactly. I respect him on economics. MRNA vaccines not so much.
A Big thank you to Mr. Art Laffer. A true American hero in my book.
This guy is delusional thinks that government is there for the people😂
Maybe you should be the one to wake up :)
The only thing the govern mend knows to do is, how not to govern. ~Bushwick Bill
@@markduurentijdt
Maybe you should be the one to wake up from your fairytale 😂
It's worse, the people are mere plebes, it doesn't matter to this guy if the quality of life of Americans sink, his notion of "the economy" means barely "protect capital"
@@nepalpatriot101Government is a high kite in a hurricane. ~ Bongo Billy
Thank you, Michelle, for the wonderful service you provide. Art Laffer is a National Treasure, capable of explaining difficult, and often boring, concepts in an easy to understand manner. The knowledge gained is priceless. If I understood correctly, you are a 'newly minted' U.S. Citizen. Please accept my congratulations if this is a recent achievement; America is certainly richer for it. Additionally, and please don't be offended, you are a stunningly beautiful woman. Wishing you well, always.
He is 100% correct!
More to follow, the decline of the western currencies set to accelerate.
I hope Mr. Laffer is once again put in a position to help direct economic policy. He is truly an intellectual giant.
Michelle, you are absolutely one of the best interviewers; your understanding and research are obvious. Thank you.
No. He is about the same old policy to get his company tax cut not the citizens. He is Warmongers by talking out more money to military when wars out the U.S. In 35 trillions debts. He is never mention to put money into economic growth by innovation and science development and infrastructure development in the U.S. He is just another Wall Street rich guy likes Imperial colonial ideology. He wants the U.S. dominance. The only good thing he said about the sanctions is elimination!
Michelle I just got to say thank you for being one of the only that allows their guests to talk without interruption
Reestablish trust in fiat money? That ship sailed a long time ago dude.
revalue the dollar against gold and then actually back it up with gold.
Not if they hold bitcoin or start buying gold again
@@Bigredbulldog401
Then it won't be called fait money? Gold-backed dollar?
@@Bigredbulldog401
Maybe in 2032, certainly no sooner.
@paulbunyon6324 That would not help if you can confiscate (steal) my money at will anytime you like.
Keep printing boys , my metal is going to love it !
Mine too!! Keep stacking!!!!!!
You would still need to sell and convert it to some kind of currency to use.
@@DamienYuen7718 Only a little bit , the rest stays put .
Another great interview by Michelle. Giving important voices a platform to discuss their ideas. 🥂
Thanks, Michelle. You deserve every bit of Laffer's compliment.
About 65 countries have their local currencies pegged to the dollar in some fashion. Additionally, there are many countries where the citizens use the US dollar for day-to-day transactions as their local currency is useless.
Why is that? Because we export our inflation and those currencies get crushed. They import products we export debt. The need dollars so they get into debt they cannot pay and they borrow on and on. Making their currency worthless
YEP, bringing CBDC as national currency. first destroying dollar and then...
rev. 13: 16, 17 "It puts under compulsion all people-the small and the great, the rich and the poor, the free and the slaves-that these should be marked on their right hand or on their forehead, 17 and that nobody can buy or sell except a person having the mark, the name of the wild beast or the number of its name. #6.66"
Those countries all also bound by US paper market prices, and they cant create new dollars-
This is true but also more reason why the US dollar has far too much power in the world and why most countries want a change. The days of the US dominating in the world (like we used to) are numbered.
@@Jed-pk6zg rise of the UN rev. 13.
Thank you Mr. Laffer - I look forward to following you on your impact in the World
Art is the man! As sharp as a tack 👍👍
Bravo to Michelle 👏 .. I have been watching your show for a long time, this is simply your best interview n Art Laffer is by far the best economist the world needs!!!🙏 His "NorthStar" policies .. low tax rates, free trades n etc have already been successfully implemented by emerging powerhouses like Singapore, UAE n the likes .. n these countries are simply strifing n prospering!!! I hope you can bring Art Laffer back to your show soon.. love it!!! 👉🔝🙏🙌🫶🫶🫶🫶🙌🙏🔝
Excellent show with Art. His wisdom backed with his long fab career is gold.
With one exception;
Re; strong military for the US prosperity, it’s time we get used to the idea that others can be there too. Trouble we have is that we can not see, or we don’t want to admit. While we pretend as king wasting $$$ to buy the illusion, China & Russia clearly took over the spot either economically and/or militarily.
Let our mind fly free, and try make some friends for change, America!
A great idea to make a video with Dr Arthur Laffer. First time I see him but i was very impressed! He was very articulate, informative and very persuasive. He expressed his views in a very systematic and scientific way to get his views across.
All in all an excellent and extremely informative video!
Aet Laffer is a fascinating man & also a patriot!
The US is in a worse situation than Soviet Union in 1990. The poverty in US is worse than India.
Dr. Laffer is a national treasure!
All true with one exception !! A strong US dollar would magnify the interest paid on the National debt whereas a devalued dollar would make it much easier and cheaper for the US to keep paying the interest on the debt with devalued dollars !! 😮
True. The government will try to inflate their way out of debt.
We can stabilize the dollar relative to other currencies without denying the necessity to operate in a fractional reserve system. Trump 2024
At 83 Art is on top of it. Its amazing how well he aged compared to Biden.
This dude doesn’t realize we don’t have unlimited resources.
Raw materials are getting more expensive to extract and their supplies are limited.
No monetary policy or taxation can change that. Fantasy versus reality, he doesn’t get it.
Growth is necessary to service debt, otherwise one has deflation
They’re more expensive because our current administration has cut us off from….. our oil! Bring down the price of gas and it will help everything that is shipped, processed, packed and created to stabilize or come down in price. And that’s just one step.
This world is tired of America starting wars, because they can't have their way, crying like cowards all the time.
Best discussion on how to get back on track I've ever heard, hands down!
Thank you Michelle for all your hard work and dedication.
Oh my. I was waiting for this honest asstessment. From an expert with an independent fearless voice!
This guy just wants a bigger hammer to slam down on other countries that they don't like.
Go ask Kamala, I’m sure she’d have a fantastic explanation for you.
Once again choosing Michelle and Kitco News for my evening viewing... Was an excellent decision 👏
I agree with Art, Michelle, is the best...!!!!
Simple...I love Arthur Laffe...positive and enlightening....such a joy. "Let the people be who thay are." Thank you Kitco....❤
Probably, comparing the dollar to toilet paper is downgrading the one that is so useful in the 10th muse's temples, from Bretton Woods the whole world gave away 100 dollars + percentages, which cost 17 cents to print from the air, the new American dream is having a place to set up a tent
Sorry. MRNA was the worst thing to have been unleashed on the world.
Michelle, you are on point these days!!
NOBODY believes the dollar is going anywhere 😂
Nobody believed that Venezuela bulivar would go under. One cup of coffee. 1000.000.000.000. Bulivars
Why doesn't he direct his ideas to congress, instead of us? We can't do anything.
They won’t listen . USA loves wars And the Jewish lobby . And the military.
It's because he's too hysterical to think clearly.
@@silentmurmur390
You've got good insight.
Because we vote. An educated citizenry will vote for the correct politicians.
Great interview.
History repeats itself.... Fiat Currencies have a shelf life.... ask the Romans
This guy worked with Reagan and Trump, my two heroes🙄🤮🤮
US DOLLAR HAS A FAKE VALUE..ACTUAL VALUE IS HALF OF EURO
no, a dollar costs 12 cents, a $100 bill value is 16c!
how so
@@perseusrex614that's because of the fancy blue stripes😅
If that's the case then the euro is worthless
@@grumbleweed-iz8bc yes exactly 😂
Correction - The Fed has destroyed the U.S. Dollar.
Excellent interview, thank you.
Eventually the fiat US dollar is just of the global currencies which global peoples & countries have the option to use or not to use it in international trade & commerce.
Best episode yet! Laffer is succinct and on the money.
NO WAY would the REST of the WORLD TRUST AMERICAN $ or AMERICAN BITCOIN because U$A had LOST it's TRUST TOO MANY TIMES LONG TIME AGO !!! 🤣🤣🤣😮😮😮