I remember the Lehman crisis so well. Larry summed it up nicely when it said it was hubris that took them all down but at the end of the day trillions of dollars were stolen and millions of people lost their homes and not one person was held accountable.
It’s amazing really. We have a financial crisis, caused by greedy, reckless financial institutions. Congress passes legislation requiring those institutions to be less greedy and reckless. The institutions then lobby to have those restrictions removed, usually in the name of “remaining competitive”. This leads to another financial crisis. It’s completely predictable, and we have been doing this dance since the Great Depression almost 100 years ago.
Agree; the rules should be applicable to all banks - big or small. First; very few meaningful laws are passed and then this cycle of doing-undoing seems to support deregulation risking the economy and the faith 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 2011 with the aid of my advisor, and I later bought my first investment property.
My CFA Carol Vivian Constable, 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.
🙏🏽 for the interview. You are so right that it is group think. It is just that the system is based on group think results. It is less about the content and more about the popularity/popular belief.
Thank you, James, for providing a forum for Larry to share his well-informed views and market pivot ideas. As Taleb says, Larry has "skin in the game". His experience spans equities and fixed income. Larry is a valid voice, with useful experience discussing strategies with professional investors involved in smart money market dynamics. I enjoyed the story about the West Chester group, and Jensen's latest marketing ploy.
Hi, thx. Should have clarified, I moved 40% out of gold miners recently to enter oil/gas markets, since I entered market back in early 2023 and some miners are nearing 100% gains (AGI, AEM, NEM). Wanted to realize profits on these investments while gold is up at highs $2700 and large miners appear will now take short break. Oil priced in gold is historical cheap, so rotated some, but not all. Also, I think Oil is being suppressed/manipulated prior to election and will soar afterward. As context, my entire invested portfolio in 2023 was 60% gold miners, and 40% silver miners. Am still holding my silver miners (up only 25% during comparable period), aside from mining stock investments, have significant amount of physical gold and silver holdings bought in 2020 at silver 14/oz and gold 1600/oz. I'll never sell this stuff , and will look to buy more when the inevitable "black swan" comes next year.and tanks markets..have indicators to exit prior to this happening and will then use the market crash as opportunity to use miner profits to buy more physical. Only had limited investment capital, so doing what I can for the largest asymmetrical gains based on the deliberate currency destruction by central banks. I do still own large gold miners and GDXJ, just not as much. Would like to keep rotating into uranium and platinum soon, but still liking golds potential, shall see..I appreciate channels like yours that give ideas how to manage all of this, your guest seemed to have confirmed what I've been doing and am.on right track, so thanks!
Very few people understand what money or the financial system really is. Wealth like energy can neither be created or destroyed but change form. The question is what form will all this money take so you can profit from it in once in a lifetime wealth transfer from one form to another. That is the power of thinking outside the system of the paper/debt based financial system to an asset based financial system. You will own nothing if the financial system crashes and you can't get your wealth out of perpetual paper/debt system. The system is designed to keep you firmly in its grip. Like the Matrix, are you going to take the red pill or blue pill. Wake up before it is too late.
Great analysis, thank you! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How should I go about transferring them to Binance?
the Boomers needed it... their done now. Also the Gov. is pushing for further constraints on demand for basic materials and energy with their Green new deal economy, bad ideas always coming from the top for those of us at the bottom
unfortunately ppl that are still on side and just looking to other gains, they still have to wait few time for any recession. Untill there, others are growing their wallets. Market still have time and space to grow. Thanks many "analists" many ppl see how inflation eat their wealth, they wait on side for a big dip....but that dip is only up, only up.
Throwing shade? Why do you say that? I'm all about making money and don't care what party is in power as long as they create a positive and prosperous economy for all.
Stagflation I dont know but inflation is still a big big problem. These longshoremen strike and how much they make infuriates me. Im trying to get by on $6ok a year and its impossible. I was just at Sams Club and spent over $600 on groceries and the same good cost we $300 3 or 4 years ago
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Inflation is real and I think we have to realign our view on what it is. It is no longer 2% but much higher at 5 or 6%.
"you will own nothing" and "be happy" is the plan coming from the top... they will own everything and charge you to use it. Vote TRUMP to end this nightnmare
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Larry believes Stagflation is coming in 2025! What do you think?
it started already if you look at TLT
I remember the Lehman crisis so well. Larry summed it up nicely when it said it was hubris that took them all down but at the end of the day trillions of dollars were stolen and millions of people lost their homes and not one person was held accountable.
It's Jimmy Connor, thanks for the comment Michael and for taking the time to view our content!
It’s amazing really. We have a financial crisis, caused by greedy, reckless financial institutions. Congress passes legislation requiring those institutions to be less greedy and reckless. The institutions then lobby to have those restrictions removed, usually in the name of “remaining competitive”. This leads to another financial crisis. It’s completely predictable, and we have been doing this dance since the Great Depression almost 100 years ago.
Agree; the rules should be applicable to all banks - big or small. First; very few meaningful laws are passed and then this cycle of doing-undoing seems to support deregulation risking the economy and the faith 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 2011 with the aid of my advisor, and I later bought my first investment property.
I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
My CFA Carol Vivian Constable, 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.
Thanks a lot for the recommendation. I'll send her an email and I hope I'm able to connect with her.
Great guest! I’ve read his book many times and I love how he shares his knowledge and wants the best for everyone.
Thanks for the positive comment and for taking the time to view our content!
"Inflation gets under the seat cushions" love this phrase. Larry is a great guest and the interview was full of such wisdoms. Thanks so much!
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
Larry has picked up a new fan. It took a while but this video slowly turned (for me at around minute 19) into a really interesting interview.
Thanks for the comment Eric and for taking the time to view our content!
Fantastic guest..superb interview
Thank You David!
🙏🏽 for the interview.
You are so right that it is group think. It is just that the system is based on group think results. It is less about the content and more about the popularity/popular belief.
So true! We are all just lemmings.
Thank you, James, for providing a forum for Larry to share his well-informed views and market pivot ideas. As Taleb says, Larry has "skin in the game". His experience spans equities and fixed income. Larry is a valid voice, with useful experience discussing strategies with professional investors involved in smart money market dynamics. I enjoyed the story about the West Chester group, and Jensen's latest marketing ploy.
It's Jimmy Connor, thanks for the comment Deanna and for the ongoing support!
Great interview. Loved McDonald's book on the fall of Lehman. Still listen to it.
Thanks for the comment Paul and for the ongoing support!
Great insight, thanks. Was also shuffling stuff two weeks ago, moving out of large gold miners into energy (XLE/XOP) and platinum group metals.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! I'm curious why you moved out of gold miners and into PGMs.
Hi, thx. Should have clarified, I moved 40% out of gold miners recently to enter oil/gas markets, since I entered market back in early 2023 and some miners are nearing 100% gains (AGI, AEM, NEM). Wanted to realize profits on these investments while gold is up at highs $2700 and large miners appear will now take short break. Oil priced in gold is historical cheap, so rotated some, but not all. Also, I think Oil is being suppressed/manipulated prior to election and will soar afterward. As context, my entire invested portfolio in 2023 was 60% gold miners, and 40% silver miners. Am still holding my silver miners (up only 25% during comparable period), aside from mining stock investments, have significant amount of physical gold and silver holdings bought in 2020 at silver 14/oz and gold 1600/oz. I'll never sell this stuff , and will look to buy more when the inevitable "black swan" comes next year.and tanks markets..have indicators to exit prior to this happening and will then use the market crash as opportunity to use miner profits to buy more physical. Only had limited investment capital, so doing what I can for the largest asymmetrical gains based on the deliberate currency destruction by central banks. I do still own large gold miners and GDXJ, just not as much. Would like to keep rotating into uranium and platinum soon, but still liking golds potential, shall see..I appreciate channels like yours that give ideas how to manage all of this, your guest seemed to have confirmed what I've been doing and am.on right track, so thanks!
Very few people understand what money or the financial system really is. Wealth like energy can neither be created or destroyed but change form. The question is what form will all this money take so you can profit from it in once in a lifetime wealth transfer from one form to another. That is the power of thinking outside the system of the paper/debt based financial system to an asset based financial system. You will own nothing if the financial system crashes and you can't get your wealth out of perpetual paper/debt system. The system is designed to keep you firmly in its grip. Like the Matrix, are you going to take the red pill or blue pill. Wake up before it is too late.
Very insightful George!
Great info! I`m buying OXY, as many shares I can.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
Great analysis, thank you! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How should I go about transferring them to Binance?
I remember they say watch out last few years will they would of lost lots of gains makes me sad
Subject-verb agreement is missing...........
You heard it hear folks stock rotation . Its allready started , get in before the herd.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
@@BloorStreetCapital pleasure
20:40 energy and materials stock were 45% of S&P
the Boomers needed it... their done now. Also the Gov. is pushing for further constraints on demand for basic materials and energy with their Green new deal economy, bad ideas always coming from the top for those of us at the bottom
Leisure Suite Larry
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
unfortunately ppl that are still on side and just looking to other gains, they still have to wait few time for any recession. Untill there, others are growing their wallets. Market still have time and space to grow. Thanks many "analists" many ppl see how inflation eat their wealth, they wait on side for a big dip....but that dip is only up, only up.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! I agree, until the wave breaks keep riding it!
Port Workers Are Getting a Huge Raise. It Isn’t All $450,00 Paychecks.: missing a '0', my guy
yeh talk about being overpaid and they say theres no inflation...just wait
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Yes, how's that for a raise!
It's always 6 months away.🤣
If you want people to listen to you, get a lot of computer screens behind you
Yeh maybe I should copy that background!
they're cutting to save China/the overseas market
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
Forever bull market
It's never going down again!
This channel is nothing more than throwing shade for incoming administration.
Throwing shade? Why do you say that? I'm all about making money and don't care what party is in power as long as they create a positive and prosperous economy for all.
Stagflation I dont know but inflation is still a big big problem. These longshoremen strike and how much they make infuriates me. Im trying to get by on $6ok a year and its impossible. I was just at Sams Club and spent over $600 on groceries and the same good cost we $300 3 or 4 years ago
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Inflation is real and I think we have to realign our view on what it is. It is no longer 2% but much higher at 5 or 6%.
"you will own nothing" and "be happy" is the plan coming from the top... they will own everything and charge you to use it. Vote TRUMP to end this nightnmare
Thanks Jimmy and Larry!
It's Jimmy Connor, thanks for the comment John and for joining our TH-cam Premier!
Big fan of Larry McDonald and his new book, thanks!
It's Jimmy Connor, thanks for the comment Jamie and for joining our TH-cam Premier!
One more point totally agree with what Larry said about Warren Buffett selling Apple to buy oil stocks. That tells you everything you need to know.
It's Jimmy Connor, thanks for the comment Jamie and for taking the time to view our content!
Enjoyed this Jimmy thanks! Please bring on Ray Dalio. I finished his book The Changing World Order and it was fascinating.
It's Jimmy Connor, thanks for the comment Frank and for taking the time to view our content! I would love to do an interview with Ray Dalio.