Be sure to subscribe to the channel for more long-form interviews. And feel free to let me know if you have guest ideas! julia@julialaroche.com. Grateful for the support. ☺🙏
Fantastic interview Julia. I've heard dozens of interviews with Hugh but you really seem to have more thoughtful and interesting questions and it was quite noticeable that he enjoyed them. Keep up the great work and get Hugh back on the show soon! Cheers!
Need to get Hugh and Jeff Snider on a podcast together. Their views align and they actually understand the monetary plumbing vs. the other 98% of economists.
Hi Free Brew, This is such a kind comment. Thank you for watching. I'm glad you enjoyed the conversation. I'm looking forward to bringing many more on this channel. ❤🙏
What a fascinating and well-spoken dude. His carefree cadence and expansive verbiage almost camouflage the fact that he addressed Julia's questions quite carefully and comprehensively. Amazing interview!
@@DrRock2009 Yes that's a good word.. The English class system means as soon as one opens ones mouth, one is instantly categorized by accent... Even Chris Hitchens, the famous thinker, said he disliked people with a Yorkshire accent and he couldn't help it.. As Group Finance Director, I had to go to the City of London and chose to whom I would hand out tens of millions in pensions investments, and the loadsofmoney public school boys had to suck it up and try and hide their disdain for my accent. It was quite funny.... I had a Brummy advisor who was red hot and who sounded like Ozzy Osbourne, and who fuelled up my knowledge before I set off...
I love hearing about Hugh’s process / approach. The way he described his team with deep, specialized / siloed knowledge, bringing very strong POVs to the table and creating a joyful work culture was spot on.
Not gonna lie . People should have known we've been in a depression for over a year and on top of that I'm betting America was taken over by another country during obamas term and I believe thats why these wierd things have been happening like us getting involved in a war for one .
we’ve been in what Snider and Kalinowsky call the “silent depression” for a lot longer than a year. The eurodollar system broke in 2007 and was never tended to, hence the rolling global liquidity crunches we’ve had ever since. 2019 pre Covid included. Even as banks swim in trillions more reserves than were ever necessary prior to the breakdown. Laundry tokens, while repo does the real work behind the scenes alongside panic attempts at global CB swap lines w/ the fed.
Hugh Hendry is revolution for every one who is capable of listening. Open up all your 17 senses, the answer, the knowledge, the proven experience in front of your nose… Thank you for a super insightful message.
Just discovered this podcast and love Hugh hendry's stream of consciousness outpourings. I'm mesmerised by such a beautiful face in Julia and an intelligence yet innocence in a beautiful feminine softness. . So refreshing in a financial commentary world where women seemed to have gone over to the wall street masculine type persona.... Oh and that Texas accent 🧡 I didnt mention the rare skill of asking a question and remaining still and quiet letting the guest have full rein
Great interview! Hendry almost looks like Emil Kalinowski's older brother. He's the first financial guy I've seen who is aligned with Emil and Jeff Snider's financial worldview (maybe Lacy Hunt as well). I was watching a Lyn Alden interview where she says the Fed *is* able to create money to finance Treasury, but she doesn't go into details, just says the primary dealers just act like a pass through between Treasury and the Fed, but that doesn't make sense since Treasury has to settle the transaction with the primary dealers at auction first, THEN the Fed takes the bonds from the primary dealers. So the Treasury must finance its deficits with debt, not with Fed printed "base money" which only appears as a credit in the primary dealers' reserve accts.
You have quite some more people with that view tho, like Alf Peccatiello, Joseph Wang, Andreas Steno, Steven van Metre, Maroon Macro, Mike Green, Steve Keen, etc. I love these people, these are the people to be listening to when it comes to markets. If anyone is says central banks prints money you can immediately stop listening to them. Jeff is the GOAT
I would recommend the papers written by the German economist Richard A. Werner. He's the only guy I know about, who actually did the experiment of looking at the accounting and the balance sheet of a commercial bank when creating a loan and so how they are who are responsible for credit creation. Super cool papers, Joseph Wang and Steve Keen quote some in their books "Central Banking 101" and "New Economics".
That was a trip. Fantastic questions, thought provoking and soulful responses. Snider and Kalinowski are like two complementary younger halves of the same conversation, which is uncanny!
Hugh, the coin flipping analogy is...The 1% says to the 99% "lets flip a coin to see who gets everything...Heads We WIN & Tails you ALL LOOSE" that's the reality we are in today. I can just hear the squeaky wheels of the guillotines being dragged out of the barns. So Hugh's message on his $100 hats... "I Recommend U PANIC" is for the 1% who can afford the hats and not for the 99% who will be meting out Justice. Heads will Roll. 🤣😂🤣 I could listen to Hugh ramble on all day. Great insights. Thanks Julia for bringing him to us and letting him expound without interruption. Great Job. 🙏🙏❤❤🔥🔥 And YES, I am Subscribed.
Thank you! That means a lot. I just started the show a week ago. Glad to hear you enjoyed it. My goal is to let folks learn and get to know the guests better.
Hugh, thanks for bringing up the Fed. You mention you love music. Awesome, you should invest in some Conrad Johnson gear. Not because it is top notch hi-fi, but because the founders were former Federal Reserve employees that did something positive with their life
OK, he said going long treasuries. The call was sub-optimal with TLT @ 115 that went down to 101 as of now (end of Sept). I think he will be eventually right, just too early
You are very good HH, but the Chinese don't need to buy anything from the USA, not even soybeans, which they can and do get elsewhwere. Silicon Valley only has a slight edge. The world is catching up regarding tech development. The only thing China needs from the world is commodities, and they could buy commodities more cheaply with a stronger CNY. Then as you say the Chinese would be richer and could buy their own products, making exporting them less important. Too many people talk about the collapse of China. They'd better be careful what they wish for, because that would be a disaster for the world. There is an old poem about "East is East, and West is West, and never shall the twain meet". Yes we can't all be the same, but China and the rest of the world will evolve at its own pace. I'm much more worried about the decaying West where nobody wants to realize that that's what's happening.That's where they should panic.
Hugh!!! Please if you have not yet, read The Sovereign Individual. I think you must already have; and if so then why recommend getting representation? Is representation for those who Harari warned will be irrelevant?
I find Hugh self aggrandising, smug and self satisfied and can’t listen to him. He looks ridiculous- the kind of person rich people think is cool because they think he is really rich.Trust me on this -he ain’t cool.
Hugh Mr Milton Freeman lived in a time were qe was never used to the extraordinary measures seen in the world of today If money becomes common it has common value Their is a time delay of trust in a currency the market takes time to adjust the trust it has for the goods and services exchanged for money All is energy poeple have lost trust for the amount of energy stored in the value of their currency The way the world operates is about to reset The reset will be a social phenomena reborne reset new state of mind
Ah, my brother on the spectrum, your'e not a "contrarian"....you think for yourself, and thus, see things others don't. The thing so refreshing about you i your authenticity an freedom. I'm going paddleboarding catch the rest of this later.
Be sure to subscribe to the channel for more long-form interviews. And feel free to let me know if you have guest ideas! julia@julialaroche.com. Grateful for the support. ☺🙏
The only crime here is that this has only had 1407 views, absurd. Hugh's muse, utterly brilliant and I thank you.
Thank you! Please feel free to share. I'm glad you enjoyed the interview.
Fantastic interview Julia. I've heard dozens of interviews with Hugh but you really seem to have more thoughtful and interesting questions and it was quite noticeable that he enjoyed them. Keep up the great work and get Hugh back on the show soon! Cheers!
Thank you, M! I really enjoyed this one. Glad you did too. I'll bring Hugh back soon. 🙏
Need to get Hugh and Jeff Snider on a podcast together. Their views align and they actually understand the monetary plumbing vs. the other 98% of economists.
great idea!
I second this!
@Seth Holbrook, I wanted to let you know that I'm recording with Jeff Snider tomorrow. I still love your idea about Jeff + Hugh!
great interview. You are an excellent host; did a great job bringing topics back up while keeping the conversation free flowing!
Hi Free Brew, This is such a kind comment. Thank you for watching. I'm glad you enjoyed the conversation.
I'm looking forward to bringing many more on this channel. ❤🙏
What a fascinating and well-spoken dude. His carefree cadence and expansive verbiage almost camouflage the fact that he addressed Julia's questions quite carefully and comprehensively. Amazing interview!
No British person would call him well-spoken because in English that means a public school (which is a private school) accent....
@@SunofYork erudite might be more applicable…🤔
@@DrRock2009 Yes that's a good word.. The English class system means as soon as one opens ones mouth, one is instantly categorized by accent... Even Chris Hitchens, the famous thinker, said he disliked people with a Yorkshire accent and he couldn't help it.. As Group Finance Director, I had to go to the City of London and chose to whom I would hand out tens of millions in pensions investments, and the loadsofmoney public school boys had to suck it up and try and hide their disdain for my accent. It was quite funny.... I had a Brummy advisor who was red hot and who sounded like Ozzy Osbourne, and who fuelled up my knowledge before I set off...
I love hearing about Hugh’s process / approach. The way he described his team with deep, specialized / siloed knowledge, bringing very strong POVs to the table and creating a joyful work culture was spot on.
Not gonna lie . People should have known we've been in a depression for over a year and on top of that I'm betting America was taken over by another country during obamas term and I believe thats why these wierd things have been happening like us getting involved in a war for one .
Rabbi bankerstein would be very insulted by that comment. They call the shots wince ww2. All the shots.
we’ve been in what Snider and Kalinowsky call the “silent depression” for a lot longer than a year. The eurodollar system broke in 2007 and was never tended to, hence the rolling global liquidity crunches we’ve had ever since. 2019 pre Covid included. Even as banks swim in trillions more reserves than were ever necessary prior to the breakdown. Laundry tokens, while repo does the real work behind the scenes alongside panic attempts at global CB swap lines w/ the fed.
Hugh Hendry is revolution for every one who is capable of listening. Open up all your 17 senses, the answer, the knowledge, the proven experience in front of your nose… Thank you for a super insightful message.
Just discovered this podcast and love Hugh hendry's stream of consciousness outpourings. I'm mesmerised by such a beautiful face in Julia and an intelligence yet innocence in a beautiful feminine softness. . So refreshing in a financial commentary world where women seemed to have gone over to the wall street masculine type persona.... Oh and that Texas accent 🧡 I didnt mention the rare skill of asking a question and remaining still and quiet letting the guest have full rein
I cannot believe this has only 500 views. Bloody captivating interview.
Thank you! Please share. I launched the show + channel a week ago. Glad to hear you enjoyed it.
Wonderful interview, thank you. I could listen to Hugh for hours (well I do). Nice to hear a contrarian view.
Thank you so much, Iain. I could too!
@@TheJuliaLaRocheShow any plans for an interview with Raoul Pal? 🤔
Great interview! Hendry almost looks like Emil Kalinowski's older brother. He's the first financial guy I've seen who is aligned with Emil and Jeff Snider's financial worldview (maybe Lacy Hunt as well). I was watching a Lyn Alden interview where she says the Fed *is* able to create money to finance Treasury, but she doesn't go into details, just says the primary dealers just act like a pass through between Treasury and the Fed, but that doesn't make sense since Treasury has to settle the transaction with the primary dealers at auction first, THEN the Fed takes the bonds from the primary dealers. So the Treasury must finance its deficits with debt, not with Fed printed "base money" which only appears as a credit in the primary dealers' reserve accts.
You have quite some more people with that view tho, like Alf Peccatiello, Joseph Wang, Andreas Steno, Steven van Metre, Maroon Macro, Mike Green, Steve Keen, etc. I love these people, these are the people to be listening to when it comes to markets. If anyone is says central banks prints money you can immediately stop listening to them. Jeff is the GOAT
I would recommend the papers written by the German economist Richard A. Werner. He's the only guy I know about, who actually did the experiment of looking at the accounting and the balance sheet of a commercial bank when creating a loan and so how they are who are responsible for credit creation. Super cool papers, Joseph Wang and Steve Keen quote some in their books "Central Banking 101" and "New Economics".
it is an unspeakable feeling to hear Hugh say the things about the fed & macros that I have in my own mind, but dont dare to say out loud
Great interview. You got great answers and Hugh didn't drift away too much off topic :D
Thank you so much!
Love Hugh’s honesty. Love the interview.
Thank you, S.D.! Glad you enjoyed it, and I appreciate your kind words. 🙏
Excellent interview.... 👍👍
.
Thank you so much.
Excellent questions, Julia. Great podcast.
Thank you so much, Don. ☺
That was a trip. Fantastic questions, thought provoking and soulful responses. Snider and Kalinowski are like two complementary younger halves of the same conversation, which is uncanny!
Fantastic chat Hugh and Julia. Please do a joint show with Jeff Snider and Hugh in the Fall...
@@rocking1313 I'm recording with Jeff Snider tomorrow. I wanted to let you know :)
@aseventhson I'm recording with Jeff Snider tomorrow. I wanted to let you know. Thanks for the suggestion. 🙏
@@TheJuliaLaRocheShow Awesome! Sincerely looking forward to it.
@aseventhson here's a link to the Jeff Snider episode: th-cam.com/video/ned3T_dMdjk/w-d-xo.html
amazing interview, always a treat to hear Hendry tellin it like it is!
Thanks, Tyler! Glad you enjoyed it. Looking forward to posting tomorrow's interview. I think you'll enjoy that one too.
Hugh, the coin flipping analogy is...The 1% says to the 99% "lets flip a coin to see who gets everything...Heads We WIN & Tails you ALL LOOSE" that's the reality we are in today. I can just hear the squeaky wheels of the guillotines being dragged out of the barns. So Hugh's message on his $100 hats... "I Recommend U PANIC" is for the 1% who can afford the hats and not for the 99% who will be meting out Justice. Heads will Roll. 🤣😂🤣 I could listen to Hugh ramble on all day. Great insights. Thanks Julia for bringing him to us and letting him expound without interruption. Great Job. 🙏🙏❤❤🔥🔥 And YES, I am Subscribed.
Great podcast. Really enjoyed getting to know Hugh better
Thank you! That means a lot. I just started the show a week ago. Glad to hear you enjoyed it. My goal is to let folks learn and get to know the guests better.
i see you really enjoyed this interview ... you did great job HH is the goat
Good on you for opening up to us.
This was so darn refreshing.
Glad you enjoyed it, TJ!
@@TheJuliaLaRocheShow I've subscribed. Looking forward to more deep, interesting conversations.
@@tjfamily9263 Grateful 🙏
Great interview! Beautiful People :)
Great interview! Genius
One word - sensational. Thank you.
Thanks, James. He's brilliant!
Most people avoid the danger those who go where the danger are truly learn
Hugh the schizophrenic mad man
A beautiful mind
Great show
Hendry is the man!
Love this guy
He's great! Thanks for watching, Dan.
Hugh, thanks for bringing up the Fed. You mention you love music. Awesome, you should invest in some Conrad Johnson gear. Not because it is top notch hi-fi, but because the founders were former Federal Reserve employees that did something positive with their life
A man who made his money off of gold and treasuries, sitting on the beach telling us all how the world works via the internet...
He clearly made his money thinking with his mind.
to this very day, we are reaping what we sow - thanks Margaret and Ronny!!
Nice interview, just one thing, what's up with that weird flag in the host background
great talk. joy energy presence lmao. dudes definitely loving his life .. i wonder how awesome that ganja is that hes got his handson.
sheet music and charts....brilliant.
Agreed! It was so visual. I loved that he shared his process.
OK, he said going long treasuries. The call was sub-optimal with TLT @ 115 that went down to 101 as of now (end of Sept). I think he will be eventually right, just too early
did Julia start a you tube channel???? and had HUGH on!! WHAT?!
I did! And more interviews coming every Tuesday/Thursday. I'm really excited about tomorrow's guest. Working on it now :)
You are very good HH, but the Chinese don't need to buy anything from the USA, not even soybeans, which they can and do get elsewhwere. Silicon Valley only has a slight edge. The world is catching up regarding tech development.
The only thing China needs from the world is commodities, and they could buy commodities more cheaply with a stronger CNY. Then as you say the Chinese would be richer and could buy their own products, making exporting them less important.
Too many people talk about the collapse of China. They'd better be careful what they wish for, because that would be a disaster for the world.
There is an old poem about "East is East, and West is West, and never shall the twain meet". Yes we can't all be the same, but China and the rest of the world will evolve at its own pace. I'm much more worried about the decaying West where nobody wants to realize that that's what's happening.That's where they should panic.
Wow, that was wonderful
When will UBI be implemented?
Gold CAGR since 2000 is 9.5%.
Hugh only 118 subscribers on her show
Just started the show less than 2 weeks ago. Thanks so much for watching 🙏
@@TheJuliaLaRocheShow Wow….host reply :) congrats on the new show… it was enjoyable.
@@bn7228 ☺ I'm so glad you enjoyed it. More to come on this channel.
Fantastique !
Brilliant!
he might think gold is stupid but theres a reason the worlds governments have been aquiring it at a record pace the last few years
Awesome
Great mind
In a central bank buys assets, it’s the same thing as the bank that gave him $10mm to spec a house in st Bart
Sure the token circulated? I’m pretty sure reserves don’t move. Cheers
Hugh!!! Please if you have not yet, read The Sovereign Individual. I think you must already have; and if so then why recommend getting representation? Is representation for those who Harari warned will be irrelevant?
Hugh, you should have went to work for Linn
I find Hugh self aggrandising, smug and self satisfied and can’t listen to him.
He looks ridiculous- the kind of person rich people think is cool because they think he is really rich.Trust me on this -he ain’t cool.
"Thatcher's financialization of public housing robbed me and other working-class children of my childhood" but also "I supported that" lol ok
“They are all crooked”, denying and lying.
Hugh Mr Milton Freeman lived in a time were qe was never used to the extraordinary measures seen in the world of today
If money becomes common it has common value
Their is a time delay of trust in a currency the market takes time to adjust the trust it has for the goods and services exchanged for money
All is energy poeple have lost trust for the amount of energy stored in the value of their currency
The way the world operates is about to reset
The reset will be a social phenomena reborne reset new state of mind
Brave
Wow....
i think through all this imagery and opaque elaborations he has hinted he is still long gold…
not because of inflation but rather for chaos protection
Imagine a guy that splits to paradise to lounge in flips after making some bread...
Yeah Hugh ‘ when atlas shrugged. Touché 😅
Money is debt - full stop
Why take 10 words to say something when you can use 300
Ah, my brother on the spectrum, your'e not a "contrarian"....you think for yourself, and thus, see things others don't. The thing so refreshing about you i your authenticity an freedom. I'm going paddleboarding catch the rest of this later.
Yeah, you and your imagined fifth dimension ! Too much pot really is not good for you !
He never answers questions
I i i me me me, new age nonesense. I i me me me i i i new age nonesense. I i me me me new age nonsense. I i i me me me nww age nonsense.