@@clintonlunn4357 Unfortunately we've seen how well that works... people aren't paying close enough attention and haven't been informing themselves adequately.
Finally, someone calling out Powell for what he is. This was the most accurate and forthcoming interview I've heard in ages. Your honesty is refreshing. Keep it coming.
Social Security is not an entitlement to those who paid in way more than they will ever receive. Social security pre-retirement could be if people never worked long enough to fund the benefits
It doesn’t matter if interest rates are lower people can’t afford house prices or there credit card payments, car loans, daily living and medical expenses and student loans if one has them. The housing market is stalled and the economic downturn has been going on for months if not years
@@stevesedio1656 it does not it the greater picture even if a payment were to go down $200 even $300 per month people still cannot afford comfortably $3200-$6000 per month mortgage payments on top of groceries and life expenses The salary scale is approximately 6 times lower than housing costs which equates to being unaffordable to not just a few but almost everyone
Giving 25,000 to homebuyers is giving 25,000 to banks - period. If they want to inact this, then give the 25,000 to the SELLER and reduce the purchase price by 25,000. Duh
The 25,000 goes directly to the homebuyer without disclosure to the seller. The home sale contract is signed by the seller and buyer without the seller knowing about the 25,000 payment; the seller doesn't know about the 25,000 unless the buyer discloses it to the seller.
A weak dollar can indicate an economic downturn, prompting me to consider the best ways to hedge against inflation. I've heard people say that inflation erodes wealth, which makes me concerned about my $200k in savings.
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
Its a hidden tax. Its not price of goods inflating, its a deflationary dollar. Meaning it takes more paper money to purchase goods and services. You need to look at it that way. Prices arent going up, the value of the dollar is going down.
@@KCDEFENZWhen Dollar Stores went to $1.25 a couple of years ago, (a 25% increase)) our dollar became worth .80 cents ( and took five of them to buy what four of them had). Dollar was reduced by 20%. Funny how just about everything else has also increased by at least 25%...
Thanks for the show Todd. Here in Australia exact same things are happening. I’ve noticed with Mr Hankey. He speaks of the corrupt and dishonest behaviour of central Banks/government as fact without emotion. I keep finding myself continually shocked and angry at what they have done and seem to keep doing to the purchasing Power of all of us. I’d love to find a way to be more like Mr. Hankey, seemingly unaffected emotionally by the violations but acutely aware of, what to expect in behaviours and the ability to work within those expectations. Hats off to him I’m just still hanging onto the emotions of finding out that they goose the system and tricked all of us.
I been saying for years Powell is the biggest conman in the federal reserve, and the professor agrees. Full credit to him for telling it like it is, being such an influential economist and all.
Powell doesn't make any decisions, he is a talking head. A puppet for the people making the decisions. That's all the Fed chair is, and all it ever has been. The whole reason that position exists to begin with is for obfuscation
Rome2.0🔥and the answer(s) is…WEF The Roman Empire fell for many reasons, including: 1. Corruption 2. Barbarian invasions 3. Climate change 4. Disease 5. Economic decline
Sounds about right , right here in the USA NOW!!! Read the book of AMOS and it will tell you who is responsible. Truth 💔✝️❤️🩹👍 Pray for the peace of Jerusalem.
You missed some: 1. The breakdown in republican and constitutional norms and the rise of an imperial office (POTUS for us, the first citizen for the Romans). 2. Military decline following from social change and decline (both cases, the end of a broad middle-class of landowners). 3. An eastern nemesis that is ascendant or at least able to resist full integration into the imperial system (Parthia for Rome, China for US). 4. Decline in the old religion leading to social conflict as new religions and worldviews compete to fill the void. 5. General decline of social and moral norms and standards, disdain for tradition and making a fetish of all things foreign, decadent, and eastern. (see anime lmao). 6. This is specific and speculative, but a trend of a decline of effectiveness of heavy infantry vs. mobile/irregular forces also happened in both cases, which tends to favor decentralized vs. centralized powers (as a general trend, not a rule). 7. Free and safe trade leading to a lack of redundancy in regional and local economies and wealth and power concentrations. 8. Imperial hubris and arrogance leading to obsession with minor powers that defy imperial integration. 9. Rise of mercenary forces employed by the state and private citizens. I have a lot of respect for the founders, but they choose to pattern our system of the roman republic so I don't know what they were expecting "in the end"?
This was an amazing vid. I’ve heard Mr. Hanke speak several times and this one was the absolute best. What an education packed into this talk. Thank you both!
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 money will expedite its demise
private debt is equal to $17.7 trillion, mostly (70%) is mortgage debt. Don't forget it isn't just the fed, but also private citizens borrowing unrealistically, and using that unrealistic debt to pay too much for things (thus, inflating prices). Wages haven't kept up, so I wonder what happens next..
DO NOT BUY ANYTHING RIGHT NOW - I am looking at the Midwest market and found homes selling for $30K less than they paid in 2022. Hold firm for 12-24 months and the prices will continue to slowly drip downward. One home asking $30K less than the 2022 sales price, I plan on offering another $50K less than their asking price, which is 25% less than the 2022 sales price. People have to go back to the office 2 days+ per week and these homes are starting to be listed online. Just wait it took 4 years last time to hit bottom we are only in the first/second inning.
I agree with you ,I just got taxes on my house went up 33 percent in one yr a $1000 will town give tax cut when home price value drops again I doubt it it crooked system of taxation .
@@michaelbouchard2905Not until the next fiscal year when sales drop...right now the taxes are based on the value of the current year. It sucks. We need to eliminate property tax.
@@SachsRealty There are four homes for sale in a 150 townhome subdivision. All over 90 days on the market. One just came off and the owner has decided to rent for $3,300 per month. That too is laughable. It should be $2,400 per month for rent. He is $900 too high but maybe someone will pay it.
The idea is that you tighten rates to ensure companies act more efficiently and become more productive to weed out the trash and ineffective jobs. Also to lower the amount of money being lent by the banks to such companies so that they make do with what they have. This mechanism fails badly when you have a government that drastically increases the amplitudes of both the up and the down swings of the market which results in massive layoffs and social unrest.
To see an economy collapsing is shocking but for an interlectual like professor Hanke who can see the corruption, smoke and mirrors and incompetence and how its been instigated, it must be soul destroying.
Brilliant show, I've been watching Mr. Sacks for a while now, and he's among the most informative non-sectarial interviewer. He is open minded and he seems to learn as much as we do from the people he interviews. Keep up the good work Todd Sachs, you're helping to change our country for the better!!
Why do you never mention the trillions of dollars that we spend on military bases around the world and the impact on our economy. Also you speak about entitlements can you discuss the billions we give Israel and Ukraine and the impacts it has on our economy. Also what about all the wars that we are supporting and how it impacts the economy and our national debt. We need leadership in government that understand economics with all the sanctions we illegally impose on half the world causes our prices to increase
@@ayalaonmaui thank you! I often feel like I'm the only one bringing that up...often when I comment on the always one-sided "convos" regarding the student loan forgiveness debate. Folks just parrot what the controlled media platforms are spewing non-stop.
@@xraceboyex its still relevant when it is involving public taxes being wasted. Or do trillions of our dollars not matter as long as it's sent overseas?
@@clintonlunn4357 apparently you can't read either. Dont ever try to be an entrepreneur or you'll be labeled greedy and you're not what's best for the country anyway.
“when [the law] has exceeded its proper functions, it has not done so merely in some inconsequential and debatable matters. The law has gone further than this; it has acted in direct opposition to its own proper purpose. The law has been used to destroy its own objective: It has been applied to annihilating the justice that it was supposed to maintain; to limiting and destroying rights which its real appeal was to respect. The law has placed the collective force at the disposal of the unscrupulous who wish, without risk, to exploit the person, liberty, and property of others. It has converted plunder into a right, in order to protect plunder. And it has converted lawful defense into a crime, in order to punish lawful defense.” - Frederic Bastiat
Steve Hanke is a very good economist. Everything he said made sense and he explained what he said right away, as well as using proper terminology in the right locations and keeping it clear and simple. I really enjoyed this interview. Thank you guys.
Clinton’s first two years (‘93,’94) were standard Democrat Party liberalism, in fact Clinton pushed for the largest tax increase in U.S. history on August 1,1993 - with the decisive vote in the House coming from a future family member (Margery Margolies-Mezvinsky), a vote which cost her the seat the following year. Clinton was forced to modify his fiscal policies as a result of the Democrats getting their asses handed to them in the 1994 midterm elections. He even attempted (and failed) to hand over the health care sector of the economy to his wife (Hillary Rodham Clinton) and the government, which thankfully failed miserably on both counts. And if Kamala et al somehow make it into office all they will do is increase taxes and spending which will further exacerbate our inflation problems.🇺🇸
That was very well produced and executed Todd. Professor Steve Hanke is incredibly interesting and brings many decades of experience to the discussion. His wisdom and insight into economics and the operation of fiat currencies is clearly substantial. Excellent and very professional interview. Thank you.
I’m 28 y/o in the Midwest and I just finished a degree, yet there is no amount of money I could make at a job that would help me out. I can’t buy a house, let alone hardly afford an apartment. I’m practically forced to wait things out until things are accessible. A 20k increase in salary won’t do anything for me to help stimulate the economy, let alone survive.
I understand that times are very difficult but most of us could not buy a house when we were 28 yo with our salaries. We were still getting our feet underneath us and/or changing careers. It wasn't smooth sailing. I still rent but I am waiting patiently for home prices to fall, which they started in my area
@brianborkowski5977 thank you for sharing your perspective. That makes me feel a lot less alone in all this. I just get so caught up in societal insecurities, but those aren't often reality lol
@@brianborkowski5977zoomers today have 90% less purchasing power than Boomers did at the same age. This is not the same thing and this isn't sustainable.
The only thing that got the USA out of the grest depression is the fact we made so many of our own products and lower taxes from what i understand, imo if the USA ever goes into another depression it will never recover in any of our lifetimes
Some say that it was WW2, and the rebuilding after that accounted for the prosperity of the late 40s and 50s and 60s. Then left the gold standard in the 70s leading to first inflation, then stagflation continuing through the early 80s. Rebounded in the mid 80s and was getting back on track through the 80s/early 90s. Then NAFTA, and shortly after most favored nation trading status for the Chicoms. All our factories and good wages/benefits jobs were gone with nothing but low wage/skill jobs, which take multiple people working to afford a family. That's where we are now. Oh, and they're printing money as fast as they can now, so our money's pretty worthless anymore.
On 22nd Feb the interest on the debt was $755,082 billion dollars a year. Today7th Sept it is $937,555 billion dollars a year (and every year for the next 200 plus years) That's $200 billion dollars more a year, in just over six months. Tick Tock, the mouse fell off the clock.(it died as it couldn't afford food.... lol
House price in my area listed 60 days ago, 1 million and just sold this week over ask 1.2 million---- 20% gain!. I can go on and on with people out-bidding over ask in my area outside NYC- STILL HAPPENING! Go figure
stupid people doing stupid things is nothing new, but on a whole, housing is beginning to correct. Housing crashes take on average 7 years from beginning to end
Taxing people who move among the states is illegal under the Constitution as we have freedom of movement among those states period…another RIGHT citizens have in the USA.
@@littleredhen3354 how are they doing that?? I know a couple that's been in FL almost 5 months now that are full time RVers. They haven't said anything about running into any issues. And they were in TN for 4 months prior to going there. 🤔
@thoughtcriminal3416 Florida administrative code R 40 D 9.260. Limit of 30 days PER YEAR camping on public lands. Sure, you can pay an RV resort 1500 dollars per month to rent a site in their trailer park but that's not camping.
The dollar is literally being destroyed / debased / devalued. I just want my money to keep outgrowing the inflation rate. How do i invest about 250k i have parked in the bank and what strategies do i employ to make significant gains and stable cashflow?
You're right, I and a few Neighbors in Bel Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation??
I've stuck with ‘’lucia Alicia Cruz” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
The bonuses of Employees at Wall Street financial firms in 2009 would have provided $25,000 first home buyer benefits to 800,000 families. Yet wall street still got the bonuses and many of those families got to live in their cars.
@@MasterRoss-sn7dl I am a multi millionaire I would not be the person eating dirt. However, I know what the government is doing on the back end even with res mortgages. We are there, they are just suppressing it. I am not saying they will not be successful in stopping it just stating the reality.
Anyone who pays that to leave is a dunce lol. Just leave and don't come back - no need to officially renounce citizenship. How tf would that be enforced?
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?**
People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. She has helped me raise my reserve from $275k to $850k, despite inflation.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
*''TRUDY ELIZABETH STOUFFER''* a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.
Trickle down.. this guy is the REASON the USA went broke!.. And Reagan closed mental hospitals 🏥! Noone has done MORE DAMAGE than REAGAN'S ECONOMIC ADVISOR..
Basically you have identified the mathematical equation yourself, 2% average over time. However, generally there is also a range along with the target, that being 1 to 3%.
Prof. Wolfe says that inflation is caused by raising wages. This guy says the Federal Reserve produces Notes and Coins. What is it with PhD. in economics that they don't seem to know key elements of how the economy works?
"Expecting people to change their behavior is wishful thinking" ... so true. I lived in the Rogue Valley of So Oregon for almost 40 years. At one point it had the worst air quality in the U.S., but by the time I moved there in the mid 80's it had some of the best air quality. I worked for the local public TV station so I made a documentary about how this came about. I thought is would be all about activism and environmental groups having an effect on people's behavior. I was totally wrong! The EPA passed the Clean Air Act and we had to comply. While environmental activism played a role in creating public support for the law, it was the law that resulted in changes in behavior and cleaner air.
As long as the fed keeps printing inflation will keep going and house prices and groceries that should be depreciating will keep inflating, govts need to budget just like people need to. People dont have the luxury of printing endless money. Most of us cant/ dont even grow our own food now
After a wile leaders can't be accountable for being stupid. We have to hold them accountable for lying to the poeple and hold the media just as accountable.
I like Mr. Hanke's suggestion. Changing to the Swiss Debt Rate. Something has to be done however every President will not want to suffer the pain during the "transition" and is why countries fail throughout history. Their political biased spending policy leads to losing their world reserve currency advantage.
No. What Hanke says at @5:05 is correct. M2 Money supply was $15.3T in February 2020, $22.0T in April 2022, and $21.1T in August 2024. We don't include inert, 30 yr treasuries in measures of the money supply because they are highly illiquid and don't impact the economy in the way that cash on hand and short term saving vehicles do. If the FOMC decides to print $5T and spend it all on buying long-term treasuries, that's what would spike the money supply.
@@deseosuho M2 is a red herring. They print the trillions (sell bonds to Federal Reserve, etc.) and spend it on military, handouts or whatever. They play with words but there are now untold hundreds of quadrillions in derivatives.
On social security, what about the 3 presidents who dipped into the pot (to balance budget?) With an IOU and never paid it back. Left it for others to deal with which has been ignored.
Exit Tax has been in effect In NJ for quite some time. Guessing a lot of those “short term home owners” don’t know when they sell their house to go to into another state to retire in that NJ gets some of their gained wealth as a thank you for time spend in the great garden state.
Hello? You guys said NOTHING about the spending on WAR!! How about that? That must be a HUGE part of the problem. Both Ukraine and Israel, among others.
Something I never expected to see the other day - a 1937 Mercury dime returned as "change" from a grocery purchase. It stuck out like a transvestite in church. I don't see how it's lasted in circulation this long :-)
I just want the million dollars in life long taxes I paid. I also want reparations for the government passing the necessary laws to enable job outsourcing and offshoring.. sounds fair to me..
Thanks excellent interview. Your questions drew out a much deeper explanation of what the M2 money supply contraction is and in turn making Hanke's 6% rule make so much more sense. Thank you!
I think that he wrote a paper for his graduation about the USA defaulting on its debts. I may be wrong but i heard it that Jerome Powell earned his degree on this very subject in college? I think that he knew 20+years ago and was hand picked out to be the spin doctor? Someone better than me could find the information better than me?
I keep hearing increase in money supply. What if the fed " increases" the money supply but not by actually printing it but just by adding numbers in the digital realm. Showing numbers but there is no REAL money behind it. ???
Sounds like massive debasement, are you saying print without issuing bonds, what happens with existing bonds (doesn't sound attractive). Bonds would be kryptonite. Anything is possible
You just described a government deficit and the repo market bailouts that have been going on since 2019 to keep banks and businesses solvent and opening the doors..
For 12 years (between 2008 and 2020) I've heard Monetarists scream, that inflation is going to skyrocket (within 2.5 years), because the Fed's policy is so expansionary (that's true for the money supply as well - it has grown in an extreme way, much more than 6%). And what happened? Inflation was below 2% over all these years! And now he tries to tell us, that it's all about the money supply? - Deliberately forgetting about the period where Monetarists were completely wrong? Don't get me wrong, I don't think the contraction of the money supply is a good thing (and one reason the money supply contracted were of course the high interest rates), and a recession might very well be the consequence. But the "It's the money supply, stupid (and nothing else)" is dead for a good reason!
Correct, it's the poors who want a crash because they have nothing to lose and want others to becomes poorer. There's too much money and too many well-off people for a crash to happen, any crash will be absorbed by the huge number of people who have ample money and are banking on a crash. Inflation spikes in pairs, we're mostly through the first half but when they start cutting it will trigger way more inflation.
In general and theoretically I agree with Hanke but he exagarates. Mioney supply (eg. M2) contraction lasted for about a year 2022-23 and was smaller than what he implies. Then we had a more or less stabilization of M2. OK these are different developments than the constant money expansion we had before and have a slow down impact. We will see how much, I can't exclude anything. Here in EU where I am writing from we had similar monetary developments. The huge problem that will cause a significant pivot is the size of debt.
Printing more money is a bad idea. Supply and demand says if prices are too high, the sellers must lower them to make it work! Do not give 25K because that is not going to solve the problem anyway. It might get them in the house but they can't afford current house prices and will not be able to make monthly payments!
What is this guy talking about when he says the only right in the Constitution is the right to a trial by a jury? Has he ever heard of the Bill of Rights that's in the US Constitution that includes a lot more than a right to a trial by a jury. And the Constitution isn't the sole arbiter of what we as humans have a normative right to as humans, regardless of our citizenship. And I don't think anyone has a right to endlessly hoard the wealth of any land, while everyone else is cold, starving and homeless, just because the hoarder found some way to game the system that gave them a legal right to their hoard. In such cases, when a law is changed to correct the unfairness of hoarding, the hoarder no longer has the legal right to all their possessions. Thus, when the government comes to repossess the hoard, it's not theft because the hoarder no longer has a legal right to all his possessions.
Thanks for pointing out this. I was starting to think I was the only one to notice the most egregious part of this interview. And Todd said nothing, just changed the subject. There are other rights spelled out in the constitution, and specified as the ‘the right to…’. An example of how these channels just beat around the bush at best and mislead the public at worst. But hey, I don’t know what it’s like to be getting paid by TH-cam, so carry on charlatans
@@SachsRealtyyou brought on ... THE KING 👑 OF TRICKLE DOWN... the undisputed CULPRIT of destruction of the USA... And follow up was closing mental institutions!..
One of the biggest job of fed is to keep AAA rating for US Treasury Debt (aka the risk free rate). One of the way to achieve that is by decreasing the interest that government has to pay on Treasury debt. A recession solves that problem. So it is in Fed's interest to help deliver a recession. Am i missing anything?
Haven’t these folks notice that cheap interest rates put people in homes they can’t afford to maintain and cars too that they cannot afford to maintain like insurance, maintenance and fuel just to name a few. Just another way to look at things. Low interest rates are a double edged sword that I believe put more people in financial troubles then if they were at a more reasonable rate.
Problem for retirees who are on a budget N their 401K funds are shrinking Because of rates are on the verge of collapsing finically. Retirees are ignored by Jarome powel holding higher rates. Why we are being punished? No one paying attention on to us?
Mr TRICKLE DOWN!!. He ruined the nation!! Reagan also closed mental hospitals 🏥 Those 2 things have done the most damage!!. Can we short his book..? Lol
Really ,I agree ,and he is leaving out a lot of stuff that might give ( less knowledgable)people the wrong idea: like about the constitution, what Art Laffer said and some of what Powell is doing, what should Powell do? what exactly would he do.?I personally would let the market for money " find" the rate. And stop this " FED fine tuning" crap.
I just pulled up the FRED chart for M2 supply. Pre-covid it was $15T, during the pandemic it reached a height of $22T, and is now down around $20.5T. That doesn't seem as meaningful of a pullback relative to where we were pre-pandemic. What am I missing here?
The media isn’t “buying into it” they’re complicit in it.
Worse, US media are simply subsidiaries to the parent corporation.
Exactly. Government agents infiltrated media.
@@Skyhawk656 hi
We need to convene a constitutional convention of the states in order to get TERM LIMITS PASSED IN CONGRESS.
We need to force this fuckers to work for us not for the fucken zoinist jews.
We already have them. Vote
@@mark-204 term limits do nothing if the people keep voting in bad people
@@mark-204 This collapse is biblical and can't be stopped ✌🏾
@@clintonlunn4357 Unfortunately we've seen how well that works... people aren't paying close enough attention and haven't been informing themselves adequately.
I love listening to Professor Hanke! Amazing guest! Thank you!
Finally, someone calling out Powell for what he is. This was the most accurate and forthcoming interview I've heard in ages. Your honesty is refreshing. Keep it coming.
Steve is great
Except for him to say the only Constitutional right is to a jury??
Social Security is not an entitlement to those who paid in way more than they will ever receive. Social security pre-retirement could be if people never worked long enough to fund the benefits
@@SachsRealty so are you!
The FED is a cabal that works for themselves. It is well known, but everyone plays along with it.
It doesn’t matter if interest rates are lower people can’t afford house prices or there credit card payments, car loans, daily living and medical expenses and student loans if one has them. The housing market is stalled and the economic downturn has been going on for months if not years
Definitely unaffordable now.
Costs will go higher with lower interest rates. The only way to lower costs is to collapse the economy
I agree with Christopher. House sales depends on the monthly payment. Interest goes down, price goes up.
@@stevesedio1656 it does not it the greater picture even if a payment were to go down $200 even $300 per month people still cannot afford comfortably $3200-$6000 per month mortgage payments on top of groceries and life expenses
The salary scale is approximately 6 times lower than housing costs which equates to being unaffordable to not just a few but almost everyone
@@christopherf3918bro, they are collapsing the economy
Our forfathers said if you allow a central bank to run your currency you will be broke one day!
The wording was worse.
@@clandestine5959 was the f bomb a thing back then? if not it was in their mind .Certainly
Ah! I appreciate people who actually know this information 👍👍
Giving 25,000 to homebuyers is giving 25,000 to banks - period. If they want to inact this, then give the 25,000 to the SELLER and reduce the purchase price by 25,000. Duh
It's a tax credit.
@@DC-bu4kb well still give it to the seller and reduce the selling price. And I hope it doesn’t pass…our government can’t afford such nonsense 🙄
The 25,000 goes directly to the homebuyer without disclosure to the seller. The home sale contract is signed by the seller and buyer without the seller knowing about the 25,000 payment; the seller doesn't know about the 25,000 unless the buyer discloses it to the seller.
25k down on a 250k house is only 10% not many great loan options for 10% down. You'll end up losing that on the back end in interest.
I'll take mine in gold please!
A weak dollar can indicate an economic downturn, prompting me to consider the best ways to hedge against inflation. I've heard people say that inflation erodes wealth, which makes me concerned about my $200k in savings.
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you
Inflation is government printing money and nothing else.
What about banks and easy credit.
Its a hidden tax. Its not price of goods inflating, its a deflationary dollar. Meaning it takes more paper money to purchase goods and services. You need to look at it that way. Prices arent going up, the value of the dollar is going down.
@@jimbobarooney2861Yes, banks "print" money as well.
@@KCDEFENZ Correct.......
@@KCDEFENZWhen Dollar Stores went to $1.25 a couple of years ago, (a 25% increase)) our dollar became worth .80 cents ( and took five of them to buy what four of them had). Dollar was reduced by 20%. Funny how just about everything else has also increased by at least 25%...
🇺🇸 The most #terrifying words in the #English language are: ❤I'm from the #government and I'm here to help.
-Ronald Reagan
Thanks for the show Todd. Here in Australia exact same things are happening. I’ve noticed with Mr Hankey. He speaks of the corrupt and dishonest behaviour of central Banks/government as fact without emotion. I keep finding myself continually shocked and angry at what they have done and seem to keep doing to the purchasing Power of all of us. I’d love to find a way to be more like Mr. Hankey, seemingly unaffected emotionally by the violations but acutely aware of, what to expect in behaviours and the ability to work within those expectations. Hats off to him I’m just still hanging onto the emotions of finding out that they goose the system and tricked all of us.
Where is the money from to upkeep those more than 800 military n naval bases all over the world
Blame games start, this is the American circus of corruption.
Been a long time coming going back to raegan
I been saying for years Powell is the biggest conman in the federal reserve, and the professor agrees. Full credit to him for telling it like it is, being such an influential economist and all.
Powell doesn't make any decisions, he is a talking head. A puppet for the people making the decisions. That's all the Fed chair is, and all it ever has been. The whole reason that position exists to begin with is for obfuscation
Rome2.0🔥and the answer(s) is…WEF The Roman Empire fell for many reasons, including:
1. Corruption
2. Barbarian invasions
3. Climate change
4. Disease
5. Economic decline
Sounds about right , right here in the USA NOW!!!
Read the book of AMOS and it will tell you who is responsible. Truth 💔✝️❤️🩹👍 Pray for the peace of Jerusalem.
@@kentuckycowboy7660 and as always history repeats itself as a result of select few in power, propaganda and greed
scratch #3, replace with "green policies"
You missed some:
1. The breakdown in republican and constitutional norms and the rise of an imperial office (POTUS for us, the first citizen for the Romans).
2. Military decline following from social change and decline (both cases, the end of a broad middle-class of landowners).
3. An eastern nemesis that is ascendant or at least able to resist full integration into the imperial system (Parthia for Rome, China for US).
4. Decline in the old religion leading to social conflict as new religions and worldviews compete to fill the void.
5. General decline of social and moral norms and standards, disdain for tradition and making a fetish of all things foreign, decadent, and eastern. (see anime lmao).
6. This is specific and speculative, but a trend of a decline of effectiveness of heavy infantry vs. mobile/irregular forces also happened in both cases, which tends to favor decentralized vs. centralized powers (as a general trend, not a rule).
7. Free and safe trade leading to a lack of redundancy in regional and local economies and wealth and power concentrations.
8. Imperial hubris and arrogance leading to obsession with minor powers that defy imperial integration.
9. Rise of mercenary forces employed by the state and private citizens.
I have a lot of respect for the founders, but they choose to pattern our system of the roman republic so I don't know what they were expecting "in the end"?
@@AaronNorris-g3f we been under your 1 since 1871 act . The establishment of the US Corporation
This was an amazing vid. I’ve heard Mr. Hanke speak several times and this one was the absolute best. What an education packed into this talk. Thank you both!
Fed needs to go away
Let’s write to our congressman to do just that ,that’s who can and will do it , if enough of us tell them.
Ron Paul was right but I'll bet many here laughed at the old man!
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 money will expedite its demise
private debt is equal to $17.7 trillion, mostly (70%) is mortgage debt. Don't forget it isn't just the fed, but also private citizens borrowing unrealistically, and using that unrealistic debt to pay too much for things (thus, inflating prices). Wages haven't kept up, so I wonder what happens next..
DO NOT BUY ANYTHING RIGHT NOW - I am looking at the Midwest market and found homes selling for $30K less than they paid in 2022. Hold firm for 12-24 months and the prices will continue to slowly drip downward. One home asking $30K less than the 2022 sales price, I plan on offering another $50K less than their asking price, which is 25% less than the 2022 sales price. People have to go back to the office 2 days+ per week and these homes are starting to be listed online. Just wait it took 4 years last time to hit bottom we are only in the first/second inning.
Watching DOM skyrocket
I agree with you ,I just got taxes on my house went up 33 percent in one yr a $1000 will town give tax cut when home price value drops again I doubt it it crooked system of taxation .
@@michaelbouchard2905Not until the next fiscal year when sales drop...right now the taxes are based on the value of the current year. It sucks. We need to eliminate property tax.
@@SachsRealty There are four homes for sale in a 150 townhome subdivision. All over 90 days on the market. One just came off and the owner has decided to rent for $3,300 per month. That too is laughable. It should be $2,400 per month for rent. He is $900 too high but maybe someone will pay it.
Make up your mind. You say don’t buy, yet you are attempting to buy.
The idea is that you tighten rates to ensure companies act more efficiently and become more productive to weed out the trash and ineffective jobs. Also to lower the amount of money being lent by the banks to such companies so that they make do with what they have. This mechanism fails badly when you have a government that drastically increases the amplitudes of both the up and the down swings of the market which results in massive layoffs and social unrest.
To see an economy collapsing is shocking but for an interlectual like professor Hanke who can see the corruption, smoke and mirrors and incompetence and how its been instigated, it must be soul destroying.
Brilliant show, I've been watching Mr. Sacks for a while now, and he's among the most informative non-sectarial interviewer. He is open minded and he seems to learn as much as we do from the people he interviews.
Keep up the good work Todd Sachs, you're helping to change our country for the better!!
Love this, thank you 🙏
Why do you never mention the trillions of dollars that we spend on military bases around the world and the impact on our economy. Also you speak about entitlements can you discuss the billions we give Israel and Ukraine and the impacts it has on our economy. Also what about all the wars that we are supporting and how it impacts the economy and our national debt. We need leadership in government that understand economics with all the sanctions we illegally impose on half the world causes our prices to increase
He is a Republican and will NEVER talk about that type of stuff.
Seriously! Preach!
@@ayalaonmaui thank you! I often feel like I'm the only one bringing that up...often when I comment on the always one-sided "convos" regarding the student loan forgiveness debate. Folks just parrot what the controlled media platforms are spewing non-stop.
That's all Congress' perogative. This video was about the Fed, not Congress
@@xraceboyex its still relevant when it is involving public taxes being wasted. Or do trillions of our dollars not matter as long as it's sent overseas?
America will be saved by entrepreneurs not government bureaucrats!!
LOL. Entrepreneurs are after profits. They are not after what's best for the country as a whole.
@@clintonlunn4357 double lol if you think govt is the end all be all solution to the economy then you're just as gullible and ignorant as the rest.
@rtquest22 you apparently can't read. What did I say about government. Nothing.
America is near its end. The population is vastly different
@@clintonlunn4357 apparently you can't read either. Dont ever try to be an entrepreneur or you'll be labeled greedy and you're not what's best for the country anyway.
This man should be in government he knows what to do to help fix the economy. He coukd save the economy.
Thank you, Todd. I listen to all your shows and I enjoy them all.❤
Thank you Todd you.are doing a great service with your videos.
We learn so much and are growing with each one
The people who is in the shadow, The Real Power, is looking for a crash, anything will be an excuse to get it.
Truth.
There’s not going to be a crash
@@dakotathompson8062How would you ever know lol
@@dakotathompson8062 we’ve already started man
“when [the law] has exceeded its proper functions, it has not done so merely in some inconsequential and debatable matters. The law has gone further than this; it has acted in direct opposition to its own proper purpose. The law has been used to destroy its own objective: It has been applied to annihilating the justice that it was supposed to maintain; to limiting and destroying rights which its real appeal was to respect. The law has placed the collective force at the disposal of the unscrupulous who wish, without risk, to exploit the person, liberty, and property of others. It has converted plunder into a right, in order to protect plunder. And it has converted lawful defense into a crime, in order to punish lawful defense.”
- Frederic Bastiat
Steve Hanke is a very good economist.
Everything he said made sense and he explained what he said right away, as well as using proper terminology in the right locations and keeping it clear and simple.
I really enjoyed this interview. Thank you guys.
Powell is what stupid people think a smart person looks like. Great show!!
Clinton’s first two years (‘93,’94) were standard Democrat Party liberalism, in fact Clinton pushed for the largest tax increase in U.S. history on August 1,1993 - with the decisive vote in the House coming from a future family member (Margery Margolies-Mezvinsky), a vote which cost her the seat the following year. Clinton was forced to modify his fiscal policies as a result of the Democrats getting their asses handed to them in the 1994 midterm elections. He even attempted (and failed) to hand over the health care sector of the economy to his wife (Hillary Rodham Clinton) and the government, which thankfully failed miserably on both counts. And if Kamala et al somehow make it into office all they will do is increase taxes and spending which will further exacerbate our inflation problems.🇺🇸
Trickle down.. this guy played a role, and closing mental institutions was Reagan's claim to fame..
@@hanzhenry581884 months of sustained economic growth and the defeat of the Evil Empire.🇺🇸👍
yup
So did Bush do better than Clinton?
MAGA MAHA 2024 TRUMP ❤🎉VANCE VOTE STRAIGHT RED
THREE WORDS,,BIDEN,FAUCHI,POWELL THATS WHAT BROKE THE WORLD,IT S OVER,DEPRESSION AHEAD
Trump and Obama as well, it’s all planned.
Powell was appointed by Trump. Just remember that.
@@ronjoseph7973and Biden kept him
Dont forget all the money printing under Trump during lockdowns, who appointed Powell. Which of course only benefited Wall St, not Main St.
People spend money like crazy sooooo ,, yeah
That was very well produced and executed Todd. Professor Steve Hanke is incredibly interesting and brings many decades of experience to the discussion. His wisdom and insight into economics and the operation of fiat currencies is clearly substantial. Excellent and very professional interview. Thank you.
I’m 28 y/o in the Midwest and I just finished a degree, yet there is no amount of money I could make at a job that would help me out. I can’t buy a house, let alone hardly afford an apartment. I’m practically forced to wait things out until things are accessible. A 20k increase in salary won’t do anything for me to help stimulate the economy, let alone survive.
Start a business
I understand that times are very difficult but most of us could not buy a house when we were 28 yo with our salaries. We were still getting our feet underneath us and/or changing careers. It wasn't smooth sailing. I still rent but I am waiting patiently for home prices to fall, which they started in my area
@SachsRealty ya know, that's what I keep being told. I think it might be time to think outside the box. Appreciate your content!
@brianborkowski5977 thank you for sharing your perspective. That makes me feel a lot less alone in all this. I just get so caught up in societal insecurities, but those aren't often reality lol
@@brianborkowski5977zoomers today have 90% less purchasing power than Boomers did at the same age. This is not the same thing and this isn't sustainable.
The ultimate problem with inflation is that it is cumulative, it never goes away once it is born.
The only thing that got the USA out of the grest depression is the fact we made so many of our own products and lower taxes from what i understand, imo if the USA ever goes into another depression it will never recover in any of our lifetimes
Trickle down 👇.. this guy destroyed the USA..
Some say that it was WW2, and the rebuilding after that accounted for the prosperity of the late 40s and 50s and 60s. Then left the gold standard in the 70s leading to first inflation, then stagflation continuing through the early 80s. Rebounded in the mid 80s and was getting back on track through the 80s/early 90s. Then NAFTA, and shortly after most favored nation trading status for the Chicoms. All our factories and good wages/benefits jobs were gone with nothing but low wage/skill jobs, which take multiple people working to afford a family. That's where we are now. Oh, and they're printing money as fast as they can now, so our money's pretty worthless anymore.
Inflation is not coming down, ever. It's going hyper.
Hanke is great! I'll have to watch next time you have him on. What he's saying is right on the money.
There are several interviews with Steve on our channel. Thanks for watching 🙏
Trickle DOWN DESTROYED THE NATION!!.
Reagan closed mental 🏥 hospitals!. Released them to the streets!!.
Those 2 acts.. RUINED THE USA!!.
@@SachsRealtythanks for showing the world who brought TRICKLE DOWN!
The over/under on Hanke's mentions of "the money supply" is 19.
On 22nd Feb the interest on the debt was $755,082 billion dollars a year. Today7th Sept it is $937,555 billion dollars a year (and every year for the next 200 plus years) That's $200 billion dollars more a year, in just over six months. Tick Tock, the mouse fell off the clock.(it died as it couldn't afford food.... lol
House price in my area listed 60 days ago, 1 million and just sold this week over ask 1.2 million---- 20% gain!. I can go on and on with people out-bidding over ask in my area outside NYC- STILL HAPPENING! Go figure
What till the property tax hit and drains people even more
Agree. Same here
stupid people doing stupid things is nothing new, but on a whole, housing is beginning to correct. Housing crashes take on average 7 years from beginning to end
You can’t fix stupid
Always a great guest, thank you!
Thank you! 🙏
We want the Truth, that's all. Thanks Todd
You’re welcome 🙏
You Can't Handle The TRUTH!!! 😳
@@alphaomega1351 great movie btw
Started with Nixon. Going off the gold standard gave the central bank and congress to drop helicopter money.
@@notgunnadoit7461 I know I was there working for 2.75 per hour saving up to pay 200.00 for my first car.
Stop giving 7.8 Trillion in tax breaks for corporations. Stop printing 2.7 Trillion for PPP loans for corporations and then let apply to be forgiven.
If big corporations just paid what they already OWED we would be in a much better place!
Taxing people who move among the states is illegal under the Constitution as we have freedom of movement among those states period…another RIGHT citizens have in the USA.
Alot of people selling homes and leaving rental units and living in rvs
yup van-life
Yep I'm doing it at the end of the month. Lol
Good luck, most places, like Florida, have made that essentially illegal.
@@littleredhen3354 how are they doing that?? I know a couple that's been in FL almost 5 months now that are full time RVers. They haven't said anything about running into any issues. And they were in TN for 4 months prior to going there. 🤔
@thoughtcriminal3416 Florida administrative code R 40 D 9.260. Limit of 30 days PER YEAR camping on public lands. Sure, you can pay an RV resort 1500 dollars per month to rent a site in their trailer park but that's not camping.
Will follow Todd and Steve. Thank you.
The dollar is literally being destroyed / debased / devalued. I just want my money to keep outgrowing the inflation rate. How do i invest about 250k i have parked in the bank and what strategies do i employ to make significant gains and stable cashflow?
You're right, I and a few Neighbors in Bel Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation??
I've stuck with ‘’lucia Alicia Cruz” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
The dollar hasn't existed since 1913! FRN's aren't dollars (silver & gold coins)
The bonuses of Employees at Wall Street financial firms in 2009 would have provided $25,000 first home buyer benefits to 800,000 families. Yet wall street still got the bonuses and many of those families got to live in their cars.
Our constitution are money was never to be paper, it was gold as tender.
I love listening to Henke. Great program Todd.
We’re at depression level, no way we’re not
We’re not
@@MasterRoss-sn7dl yes we are, the gov't is pausing foreclosures...
@@MillionaireBachelor that doesn’t mean we’re in a depression. Are you eating dirt for dinner?
@@MasterRoss-sn7dl I am a multi millionaire I would not be the person eating dirt. However, I know what the government is doing on the back end even with res mortgages. We are there, they are just suppressing it. I am not saying they will not be successful in stopping it just stating the reality.
Go, start a war, otherwise the USA will die of hunger anyway.
By the way, there is an exit tax to leave the US and forgo citizenship. It was recently increased.
Source?
Canada has that under Trudeau, it's 25k
Anyone who pays that to leave is a dunce lol. Just leave and don't come back - no need to officially renounce citizenship. How tf would that be enforced?
@@xraceboyexthe US could snatch you at international airports, borders...extradition. The US has long arms.
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?**
People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. She has helped me raise my reserve from $275k to $850k, despite inflation.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
*''TRUDY ELIZABETH STOUFFER''* a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.
Nice to hear from a true Economist.
There’s too much corruption and greed these days
Hanke, Armstrong, Hudson, Wolfe, needed to be in the same room and talk a few hours! I would pay to be there!
Is it his fault? Honestly, no. This has been building for decades
Trickle down.. this guy is the REASON the USA went broke!..
And Reagan closed mental hospitals 🏥!
Noone has done MORE DAMAGE than REAGAN'S ECONOMIC ADVISOR..
Your channel is one of my favorites....thank you for the constant truth
Thank-you Todd for sharing the real truth!❤
Thanks for watching 🙏
There is no 2% target! It is a 2% average over time with no mathematical equation to define it!
Sounds like you listen to Uneducated Economist!
@@muddysneakers77 You bet and more people need to give it a try!
Basically you have identified the mathematical equation yourself, 2% average over time. However, generally there is also a range along with the target, that being 1 to 3%.
@@arethereanyuniquehandles average over 5 years, 100 years, 1000 years? Avg 2% means nothing.
@@joeshmoe7899 Like forever, with a band between 1 and 3%. Seems pretty simple to understand.
Prof. Wolfe says that inflation is caused by raising wages. This guy says the Federal Reserve produces Notes and Coins. What is it with PhD. in economics that they don't seem to know key elements of how the economy works?
Great interview Todd, thank you!
Its time that the FEDERAL RESERVE and the IRS be diisbanded to end our SLAVERY!!!😢😢😢
"Expecting people to change their behavior is wishful thinking" ... so true. I lived in the Rogue Valley of So Oregon for almost 40 years. At one point it had the worst air quality in the U.S., but by the time I moved there in the mid 80's it had some of the best air quality. I worked for the local public TV station so I made a documentary about how this came about. I thought is would be all about activism and environmental groups having an effect on people's behavior. I was totally wrong! The EPA passed the Clean Air Act and we had to comply. While environmental activism played a role in creating public support for the law, it was the law that resulted in changes in behavior and cleaner air.
I could listen to Professor Hanke for hours. He is such a knowledgeable individual.
He definitely knows the score.
No he’s not. He’s a fraud too, just like Powell
As long as the fed keeps printing inflation will keep going and house prices and groceries that should be depreciating will keep inflating, govts need to budget just like people need to. People dont have the luxury of printing endless money. Most of us cant/ dont even grow our own food now
After a wile leaders can't be accountable for being stupid. We have to hold them accountable for lying to the poeple and hold the media just as accountable.
Reagan and TRICKLE DOWN 👎..this guy was BEHIND THAT!!
I like Mr. Hanke's suggestion. Changing to the Swiss Debt Rate. Something has to be done however every President will not want to suffer the pain during the "transition" and is why countries fail throughout history. Their political biased spending policy leads to losing their world reserve currency advantage.
WTH? Money supply is going up $1 trillion every 3 months due to government printing.
No. What Hanke says at @5:05 is correct. M2 Money supply was $15.3T in February 2020, $22.0T in April 2022, and $21.1T in August 2024. We don't include inert, 30 yr treasuries in measures of the money supply because they are highly illiquid and don't impact the economy in the way that cash on hand and short term saving vehicles do. If the FOMC decides to print $5T and spend it all on buying long-term treasuries, that's what would spike the money supply.
No printing...its digital
@@deseosuho M2 is a red herring. They print the trillions (sell bonds to Federal Reserve, etc.) and spend it on military, handouts or whatever. They play with words but there are now untold hundreds of quadrillions in derivatives.
The selection of Powell was the Dems greatest achievement. Please take a bow.
On social security, what about the 3 presidents who dipped into the pot (to balance budget?) With an IOU and never paid it back. Left it for others to deal with which has been ignored.
yes disgraceful acts of thievery
Trickle down was this guy...
And Reagan closing mental hospitals 🏥
Exit Tax has been in effect In NJ for quite some time. Guessing a lot of those “short term home owners” don’t know when they sell their house to go to into another state to retire in that NJ gets some of their gained wealth as a thank you for time spend in the great garden state.
True, I live in NJ I can confirm that. I think it's horrible.
Hello? You guys said NOTHING about the spending on WAR!! How about that? That must be a HUGE part of the problem. Both Ukraine and Israel, among others.
Something I never expected to see the other day - a 1937 Mercury dime returned as "change" from a grocery purchase. It stuck out like a transvestite in church. I don't see how it's lasted in circulation this long :-)
What is the difference between a recession and a depression????????????????? stats????? Media?????
A recession is when most of your neighbors lose their jobs and a depression is when you lose yours.
@@FindLiberty i AGREE
Omg the beginning of those 1st few words, you had me at the fed!
I just want the million dollars in life long taxes I paid. I also want reparations for the government passing the necessary laws to enable job outsourcing and offshoring.. sounds fair to me..
I wisened up and stopped filing my tax returns in 2020. What're they gonna do, come take the assets I don't have? Lol
I appreciate your channel. Great interviews 👍👍👍
Afraid to say this the country needs a reset button which can be .........................
Thanks excellent interview. Your questions drew out a much deeper explanation of what the M2 money supply contraction is and in turn making Hanke's 6% rule make so much more sense. Thank you!
I think that he wrote a paper for his graduation about the USA defaulting on its debts. I may be wrong but i heard it that Jerome Powell earned his degree on this very subject in college? I think that he knew 20+years ago and was hand picked out to be the spin doctor? Someone better than me could find the information better than me?
This guy is the TRICKLE 👇 DOWN GUY ..
he ruined the nation..
Reagan closed the mental hospitals 🏥..
2 mortal wounds to an advanced society.
Love your videos Todd, great guests!
I keep hearing increase in money supply. What if the fed " increases" the money supply but not by actually printing it but just by adding numbers in the digital realm. Showing numbers but there is no REAL money behind it. ???
Interesting
Sounds like massive debasement, are you saying print without issuing bonds, what happens with existing bonds (doesn't sound attractive). Bonds would be kryptonite. Anything is possible
You just described a government deficit and the repo market bailouts that have been going on since 2019 to keep banks and businesses solvent and opening the doors..
They don’t print anything now, it’s digital on a screen.
For 12 years (between 2008 and 2020) I've heard Monetarists scream, that inflation is going to skyrocket (within 2.5 years), because the Fed's policy is so expansionary (that's true for the money supply as well - it has grown in an extreme way, much more than 6%). And what happened? Inflation was below 2% over all these years! And now he tries to tell us, that it's all about the money supply? - Deliberately forgetting about the period where Monetarists were completely wrong?
Don't get me wrong, I don't think the contraction of the money supply is a good thing (and one reason the money supply contracted were of course the high interest rates), and a recession might very well be the consequence. But the "It's the money supply, stupid (and nothing else)" is dead for a good reason!
Nothing is collapsing except shoppers purchasing power. The used car salesman in suites will cut rates pouring gas on the inflation fire😮
Correct, it's the poors who want a crash because they have nothing to lose and want others to becomes poorer. There's too much money and too many well-off people for a crash to happen, any crash will be absorbed by the huge number of people who have ample money and are banking on a crash. Inflation spikes in pairs, we're mostly through the first half but when they start cutting it will trigger way more inflation.
In general and theoretically I agree with Hanke but he exagarates. Mioney supply (eg. M2) contraction lasted for about a year 2022-23 and was smaller than what he implies. Then we had a more or less stabilization of M2. OK these are different developments than the constant money expansion we had before and have a slow down impact. We will see how much, I can't exclude anything. Here in EU where I am writing from we had similar monetary developments. The huge problem that will cause a significant pivot is the size of debt.
Corrupt system
Printing more money is a bad idea. Supply and demand says if prices are too high, the sellers must lower them to make it work! Do not give 25K because that is not going to solve the problem anyway. It might get them in the house but they can't afford current house prices and will not be able to make monthly payments!
Mr. Hankey, South Park's "Mr. Poo" guy.
I'm crossing the street today to buy a loaf of bread. Wish me luck!
no one talking about the loss of jobs. Gov has been killing US traditional jobs, like oil, gras production, for example
What is this guy talking about when he says the only right in the Constitution is the right to a trial by a jury? Has he ever heard of the Bill of Rights that's in the US Constitution that includes a lot more than a right to a trial by a jury. And the Constitution isn't the sole arbiter of what we as humans have a normative right to as humans, regardless of our citizenship. And I don't think anyone has a right to endlessly hoard the wealth of any land, while everyone else is cold, starving and homeless, just because the hoarder found some way to game the system that gave them a legal right to their hoard. In such cases, when a law is changed to correct the unfairness of hoarding, the hoarder no longer has the legal right to all their possessions. Thus, when the government comes to repossess the hoard, it's not theft because the hoarder no longer has a legal right to all his possessions.
He was on the government payroll so long he believes we have no rights
So you are for freebies and handouts?
Thanks for pointing out this. I was starting to think I was the only one to notice the most egregious part of this interview. And Todd said nothing, just changed the subject. There are other rights spelled out in the constitution, and specified as the ‘the right to…’. An example of how these channels just beat around the bush at best and mislead the public at worst. But hey, I don’t know what it’s like to be getting paid by TH-cam, so carry on charlatans
Content is as good as the presentation. Always informative.
Super kind, thanks so much 🩶
This guy , Reagan.. TRICKLE DOWN?... and closing the mental institutions...
That DOUBLE WHAMMY.. DESTROYED THE USA..
@@SachsRealtyyou brought on ... THE KING 👑 OF TRICKLE DOWN...
the undisputed CULPRIT of destruction of the USA...
And follow up was closing mental institutions!..
Comrade gravy speak with fork tounge, Blackrock make middle class cry taking teepee and rent bear skins to stay warm.
lol
One of the biggest job of fed is to keep AAA rating for US Treasury Debt (aka the risk free rate). One of the way to achieve that is by decreasing the interest that government has to pay on Treasury debt. A recession solves that problem. So it is in Fed's interest to help deliver a recession. Am i missing anything?
Haven’t these folks notice that cheap interest rates put people in homes they can’t afford to maintain and cars too that they cannot afford to maintain like insurance, maintenance and fuel just to name a few. Just another way to look at things. Low interest rates are a double edged sword that I believe put more people in financial troubles then if they were at a more reasonable rate.
agreed
That's because of the YOLO philosophy.
Trickle down 👇. Under this guy, the economic advisor to Reagan!!.
And they closed the mental hospitals 🏥!.
Those 2 worst things ever .
@@hanzhenry5818 Sorry for your loss, guess you're on your own with your life challenges.
Wish we could have heard Hanke’s thoughts on the dangers of what could be done by politicians going forward. 46:22
Crypto and stocks took a massive hit yesterday
I sold all stocks that I've owned for 30 + years Aug 5th. I'm ringside eating popcorn with the ghost of George Carlin.
@@BIgBass255good move , I wonder why others don’t?
Problem for retirees who are on a budget N their 401K funds are shrinking Because of rates are on the verge of collapsing finically. Retirees are ignored by Jarome powel holding higher rates. Why we are being punished? No one paying attention on to us?
This guest is very dry & boring. Shouldn’t be a repeat guest
Mr TRICKLE DOWN!!.
He ruined the nation!!
Reagan also closed mental hospitals 🏥
Those 2 things have done the most damage!!.
Can we short his book..? Lol
Really ,I agree ,and he is leaving out a lot of stuff that might give ( less knowledgable)people the wrong idea: like about the constitution, what Art Laffer said and some of what Powell is doing, what should Powell do? what exactly would he do.?I personally would let the market for money " find" the rate. And stop this " FED fine tuning" crap.
And we are in a recession which will possibly change to a depression for first time in 100years.
I just pulled up the FRED chart for M2 supply. Pre-covid it was $15T, during the pandemic it reached a height of $22T, and is now down around $20.5T. That doesn't seem as meaningful of a pullback relative to where we were pre-pandemic. What am I missing here?
The government giving you the data