Remove your personal information from the web at joindeleteme.com/DAVIDLIN, use code DAVIDLIN for 20% off Do you feel like your standard of living is "under attack"? Subscribe to my free newsletter: davidlinreport.substack.com/ FOLLOW PETER GRANDICH: Twitter (@PeterGrandich): twitter.com/PeterGrandich Peter Grandich & Co.: petergrandich.com/ FOLLOW MICHAEL CAMPBELL: Michael Campbell's MoneyTalks Show: mikesmoneytalks.ca/category/mikes-content/complete-show/
It a never ending economic conditions which has made it necessary for society to have more income streams. Tbh with high interest rates, inflation, incoming stocks meltdown, it's an uncertain year for me, i just sold part of my stocks to protect my interest, but l'm holding onto strong companies for the long horizon.
As they say. Time in the market, not timing the market. Only contribute what you can afford bcos it’s a long term thing. Property & Stocks will dip & peak but they aren't going anywhere anytime soon.
Be extremely attentive as we are entering an unusual market economy. That doesn't mean that you can't unravel opportunities in every sectors, you can but you should be considering rewarding options first. It would be a vast awareness to align under a top performer for easy picks. I did the same.
Include Gold and silver asset, renewable energy, Ai semiconductor. All will be hugely integral on every sectors in the coming years. it’s more than a decade wave for sure.
Obviously we are evolving into these direction, seems like a lot of your interest is riding on this can i tap into similar viewpoints. could really use it.
No a country is not a company, it takes tax money which is not selling ANY product or service directly and re-distributes it to things no single person can do like build a highway, a new bridge, or fund industry like solar panels, so no governments are not companies. When you need help to buy food and the government gives out food stamps, it is not getting anything in reutrn so no it is not a company.
@drscopeify It is a company of sorts, but think of it like a communist company that controls their shareholders, the U.S. taxpayer. There are those who receive a benefit, but it's not the average citizen.
These guys are great guests. Michael Campbell is a very vocal critic of the Canadian government and that criticism is well deserved. He is one of the few.
Michael apologizes for running on but everybody is dead silent and listening intently. Including me. That's respect. I like listening to Michael Campbell when he's on a roll and has all the time to talk that he likes and can elaborate so much.
It fascinates me that these men talk about the economy, the FED and all the tweeks and cheats all without using the word corruption. Our leaders need to start spending some well-deserved time in the hooskow for what they've done to us.
@@droubalBUT AMERICA IS CORRUPT FROM THE PRESIDENT DOWN TO THE TAXI DRIVER AND EVERYTHING IN-BETWEEN YOUR COUNTRY IS IN THE BEGINNING OF A CRASH ON PAR WITH THE 29 CRASH , 36 TRILLION NATIONAL DEBT, INFLATION OUT OF CONTROLL , HUNGER, HOMELESSNESS, HOPELESSNESS, ADDICTION , MANUFACTURING DECIMATED, INFASTRUCTURE NON EXISTENT AMERICA CAN NOT COMPETE WITH CHINA'S MANUFACTURING OR THE BRICS NEW WORLD ORDER YOUR CAPITALIST SYSTEM IS WELL PAST ITS USED BY DATE AND HAS MANAGED TO DRIVE THE WORKING CLASS FROM COMFORT STREET TO STRUGGLE STREET AND THE POOR MOVED UNDER THE BRIDGE NOT TO MENTION HOW CORRUPT AMERICA IS SO GOOD LUCK AMERICA AND GOOD BYE AMERICA AND GOOD BLOODY RIDDANCE 🇨🇦🇻🇳🇷🇺🇨🇳🇮🇳 THE NEW WORLD ORDER THIS IS OF YOUR OWN MAKING ALL YOUR CHICKENS HAVE COME HOME TO ROOST 🍁🇨🇳🇷🇺
In October 2007, the WSJ claimed that the US economy was far too resilient and that a recession would be avoided. Two months later, the market began to collapse and eventually fell 50% over the next few months. Even Apple, which had just released the first iPhone, fell by 60%. People are optimistic/bullish until the last second.
The entitlement problem is on the radar. All assets of people that have saved anything for retirement will be taxes on any asset they have. If you own a rental home, they will tax that even though you already pay taxes on the rental income. People need to go to work and government benefits need an expiration date. You live in a HUD home you have five years to go learn a trade or college degree to be able to pay for yourself. All welfare recipients need a timeline that the taxpayers will pay for them to change their circumstances (up to five years) and go to work to pay for themselves but life long benefits without mandating responsibilities is insane.
GDP and traditional metrics no longer matter, wealth creation no longer matters, wealth is a zero-sum game, the problem is that the wealth is disproportionately held by a very small amount of people, redistribution is essential. Eternal growth on a finite planet with finite space/resources is not possible. We need an entirely new way of economic thinking.
Wealth is absolutely not a zero sum game. Wealth is production of goods and services people want and need. Of course they have to be able to afford it, and in a good monetary system, people generally can afford what they want and need.
@@jimbosavage Someone spends money to produce goods/services and sells it to a buyer, who becomes poorer after spending, that money just continues changing hands. The wealth that has been created by money printing has devalued/diluted real wealth that came before. Sure, you can create it, but it has a negative effect, so it's not real/stable.
@@jimbosavage What goods and services does the stock market produce, or a wall street trader or a financial analyst produce. If 93% of stock market is owned by 1% of the population, that's not much benefit to the majority.
@@acjohn6995wealth is everything, not just "cash". The only limits to wealth are what someone is able/willing to pay. Those things that have a market price are summed. So nvidia doubling just made everyone who owns the stock wealthier. At least nominally. They can then borrow against the stock to purchase more goods and services to lock in those gains with physical goods. So no, wealth is never zero sum. We have a debt base monetary system. Even if earth is finite, it can still be valued ever higher.
As at 1971(The Nixon era when the gold standard was abandoned) to present day the purchasing power of the US dollar is 3 cents out of the original 100 cents!! 😮
USA-property taxes, insurance on cars and homes, food costs are out of control. People are not going on vacation, eating out, getting their hair and nails done, not buying new clothes, back to school supplies were minimal. Kids aren't going to college, etc.
If any boomer is broke, i dunno what to tell you. Gen x and gen z have had far worse economic and financial conditions to navigate. The least boomers can do is pay a small portion of their 2.5 trillion+ yearly transfer payment.
Super interview with these two guys. YES, nobody talks about the dire financial situation we are in. I think they are resigned to simply printing and hoping that the game continues.
Ai/robotics is the wild card that can change the trajectory of everything. When you have smart robots that build themselves and then build and maintain infrastructure and military apps. They'll keep printing and hope this gives them an out to the death spiral.
You can't have a real bear market when the country is gaining new people every day, when businesses are growing, when people every day buy MORE stuff, you can't have a bear market when people are confident and taking out new loans, and old loans are getting paid off, when American companies every day are bring back to the country money they make all around the globe. Sure we will have downturns and selloffs and stocks will crash down but a real real real bear market???? 5 years long or something like China has going on now??? Yeah I think thats a long long wait until something like that but who knows, we will see.
How do you know it is only 30% deviation? It is awful, but it could be worse. The revisions are prepared by the same entity and individuals. Are there any stats which are beyond question?
I have tracked unemployment state by state for the last 18 months. It was apparent that the headline number was not correct. If I can figure that out.. what about the 200 PHDs that work for the fed? Come on... they knew.
Thanks David. No one mentioned the US miltary spending. "The United States led the ranking of the countries with the highest military spending in 2023, with 916 billion U.S. dollars dedicated to the military. That constituted over 40 percent of the total military spending worldwide that year, which amounted to 2.4 trillion U.S. dollars."
@24:00 the guest starts talking about taxing unrealized capital gains. That already happens here in Brazil since Lula. Every November and April shares of some of my mutual funds disappear from my account to pay for the tax if they appreciated in the previous 6 months. This is a way for the government to regularize and anticipate tax income. But I think it causes more volatility since there is less incentive to buy and hold for the long run. Anyway, just saying it could happen in the US if they get desperate.
The economic crisis and downturn are all the signs of 2008 market crash 2.0, so my question is, do I still save in the US dollar or is it okay to move all emergency and savings to precious metals?
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated almost $820K.
I will like to ask, How did you achieve it? I been trying to stick with index funds. I feel this new interest rates hikes could crash this economy. I'm looking out for a better investing strategy, I have a lump sum that inflation is steady eating up.
‘’Marisa Breton Dollard’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Excellent share, just inputted Marisa Breton Dollard on the internet, spotted her consulting page ranked top and was able to schedule a call session. I’ve seen commentaries about advisors but not one looks this phenomenal.
Trumps tax cuts did not result in a proportional rise in investments. It did result in a surge in corporations buying back their own shares, resulting in more inflation. He needs to cut spending (which he’s not)! Not tax cuts to the wealthy ie. to himself.
Thank you. These guys are ignoring the fact that corporations have gotten the biggest government handouts in history and still saying they shouldn't be taxed. Give me a break.
The title “Worse than the Great Depression” reflects a mindset that thrives on fear and pessimism, often presenting doom and gloom without offering any solutions. It’s easy to sensationalize the problems ahead, but this perspective overlooks the power of choice and action. While reporting on potential crises can grab attention, it often fails to acknowledge the alternatives and opportunities available to us. We can’t be paralyzed by fear; instead, we should focus on innovative solutions and decentralized systems that empower individuals and communities. Let’s challenge this defeatist narrative and recognize that we have the agency to create a different future. By fostering resilience, embracing new ideas, and working together, we can build a system that not only withstands economic challenges but thrives despite them. The path forward is in our hands, and it’s time to take charge rather than surrender to despair.
Decades from now the Canadian trucker convoy will be remembered as when the honest, hard working men and women of this world stood up to Tyranny...our FREEDOM FIGHTERS.
And lost. I work in trucking and as the trucking convoy was on the way to Ottawa our insurance broker told us the Gov told them if even 1 of our trucks showed up to Ottawa to protest our insurance policy would be canceled and our bank accounts would be frozen and seized. So much for freedom right ?
@ceasarwright7567 And.... the world has openly condemned Trudeau and Frerland for this injustice. What you have stated is a MAJOR factor why these tyrants are going to be destroyed and their party decimated the next election
@@keehotee1357 I'm Lurre, ruler of the planet Omicron per sea ceight. Our banKing Ser vie cecce great and X sell end. Fool em ploy ment. Listen only to f!ckT checkers and buy Envy Dia. Mort gauge all and have Ma ney. Our fin An see Al chief X a cute Eve wreck o ment more dollours. We demand more red juice, obey or X clude u. Don't u dare like it and sub s cry to our news litter Ace Ta love East Star baby
Things wont change for the better financialy for most people.We as a society spend money we don't really have on things we dont need.Debt based systems are meant to create markets where there would be none except a payment plan allows for it.😊
best economic / financial segment evah. these two guys are fing great. to peter: i can guarantee you most of harris' talking points were written in a soros conference room.
I’d love to have these guys’ continuing perspective on the financial imbroglio to come.. Please bring back Peter Grandich and Michael Campbell for their own spots in the future.
Best advice from Peter Grandich...don't go into debt...and expect the worst and the other guy, gamble in the stock market and hope you do well...risky advices!!!
" Rent Control' was tried in a lefty government in AUS back in the 1950's and it was an economic and social disaster. Finally, finally it was repealed and market forces instituted and things settled down, landlords rewturned , rental availibility adjusted over time. Insane policy by a state government.
Nothing happens in monetary policy without a purpose. The key is to know the direction and the reason for that purpose. And on another point.... David you have nice hair!
@@JohnDoe-np3zk I think bitcoin tangible is if you have self custody in your own cold wallet. Maybe you can’t bite a bitcoin buy I believe bitcoin is tangible because it has no counter party risk.
Sometimes (not referencing this channel) guests that cover similar topics when brought together feel they are competing against one another. I must say that this presentation was extremely amicable! That worked well for everyone involved, and the topics were very well covered without any animosity. I can’t compliment the hosts and guests any more than that! Well done everyone and thank you so much for sharing!
Great Show Guys ! I just wish more people would pay attention to shows like this . We are coming to a criticial point of unsustainable debt that most people are clueless of the end result .
Stock market prices are not representative of how well the economy is doing! When they print money, inflation flows into asset prices. With more printed money, stock prices must go up. The stock market is forward looking. With expected Fed cuts and Trump and Harris promising a spending binge, the markets are pricing in lots of inflation. That’s why stock prices are rising. The scary part is when they stop going up. Because that’s going to mean a crash is about to happen. The market will then price in a asset price drop (deflation in a recession). All asset prices will then collapse.
The bottom 50% of the population own less that 1% of the stock market, the top 1% of the population own 93%. So for us at the bottom were only concerned about how low can it go before it effects unemployment, and if it wasn't for that I don't think we would give a shxt if it went to 0 .
Huh? The problem right now is massive fiscal stimulus for the poor and ultra rich, and in general, too much spending. Thats like the least right wing idea.
@@michaelbananas461 have you read Marx? What Trump describes as "radical socialism" is simply end stage capitalism. Look up "inverteed totalitarianism" by author Sheldon Wollin and you have a perfect description of the Westtern idea of "democracy". The uniparty is owned by Wall St, Silicon Valley and the military industrial complex. Look up Julian Assange and see what happens to anyone who exposes the unelected government that flows through every administrative. The uniparty profit off and serve corporations.
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“Harris will just be the continuation of whoever was behind the Biden administration.” The most precise statement of the interview.
She is going after corporate greed and I hope she does
@@HTub-bo2yl really!? Who do you think is paying for her campaign?
It a never ending economic conditions which has made it necessary for society to have more income streams. Tbh with high interest rates, inflation, incoming stocks meltdown, it's an uncertain year for me, i just sold part of my stocks to protect my interest, but l'm holding onto strong companies for the long horizon.
As they say. Time in the market, not timing the market. Only contribute what you can afford bcos it’s a long term thing. Property & Stocks will dip & peak but they aren't going anywhere anytime soon.
Be extremely attentive as we are entering an unusual market economy. That doesn't mean that you can't unravel opportunities in every sectors, you can but you should be considering rewarding options first. It would be a vast awareness to align under a top performer for easy picks. I did the same.
very well Joe, I got in on multiple sectors myself, I think about adding more to my individual account or is holding off more better for me?
Include Gold and silver asset, renewable energy, Ai semiconductor. All will be hugely integral on every sectors in the coming years. it’s more than a decade wave for sure.
Obviously we are evolving into these direction, seems like a lot of your interest is riding on this can i tap into similar viewpoints. could really use it.
“Drop the L and call it BS”
Absolutely Love Peter! Very Intelligent guy!!!
Remember when the New World Order was just a theory.
Joo world order* (the people we can’t talk about)
TH-cam keeps deleting my comment because we can’t talk about the small hat world order
It is just a theory. Wake me up when a single country signs on to that. Anyone? Anyone? Crickets? hmmm
Not a theory. Documented, thoroughly, in the history books that they didnt tell you to read. 😂 @@drscopeify
@@drscopeifyyou mean all our puppet politicians?? Like those scumbags?
Government is the largest corporation. They’re the price gouger
Through currency devaluation primarily
No a country is not a company, it takes tax money which is not selling ANY product or service directly and re-distributes it to things no single person can do like build a highway, a new bridge, or fund industry like solar panels, so no governments are not companies. When you need help to buy food and the government gives out food stamps, it is not getting anything in reutrn so no it is not a company.
@drscopeify It is a company of sorts, but think of it like a communist company that controls their shareholders, the U.S. taxpayer. There are those who receive a benefit, but it's not the average citizen.
@@drscopeify you have a lot to learn
@@drscopeify 🤦♂️
These guys are great guests. Michael Campbell is a very vocal critic of the Canadian government and that criticism is well deserved. He is one of the few.
What? Can u make sense?
@@Nelson-v7x Because your response was so generic and insightful?
David’s work ethic is extraordinary 😮
Michael apologizes for running on but everybody is dead silent and listening intently. Including me. That's respect.
I like listening to Michael Campbell when he's on a roll and has all the time to talk that he likes and can elaborate so much.
Rate cuts are a signal of weakness!!
Remember a rate cut is a bearish event for the stock market, not a bullish one.
It fascinates me that these men talk about the economy, the FED and all the tweeks and cheats all without using the word corruption. Our leaders need to start spending some well-deserved time in the hooskow for what they've done to us.
Gotta vote them out first.
@@droubalBUT AMERICA IS CORRUPT FROM THE PRESIDENT DOWN TO THE TAXI DRIVER AND EVERYTHING IN-BETWEEN YOUR COUNTRY IS IN THE BEGINNING OF A CRASH ON PAR WITH THE 29 CRASH , 36 TRILLION NATIONAL DEBT, INFLATION OUT OF CONTROLL , HUNGER, HOMELESSNESS, HOPELESSNESS, ADDICTION , MANUFACTURING DECIMATED, INFASTRUCTURE NON EXISTENT AMERICA CAN NOT COMPETE WITH CHINA'S MANUFACTURING OR THE BRICS NEW WORLD ORDER YOUR CAPITALIST SYSTEM IS WELL PAST ITS USED BY DATE AND HAS MANAGED TO DRIVE THE WORKING CLASS FROM COMFORT STREET TO STRUGGLE STREET AND THE POOR MOVED UNDER THE BRIDGE NOT TO MENTION HOW CORRUPT AMERICA IS SO GOOD LUCK AMERICA AND GOOD BYE AMERICA AND GOOD BLOODY RIDDANCE 🇨🇦🇻🇳🇷🇺🇨🇳🇮🇳 THE NEW WORLD ORDER THIS IS OF YOUR OWN MAKING ALL YOUR CHICKENS HAVE COME HOME TO ROOST 🍁🇨🇳🇷🇺
In October 2007, the WSJ claimed that the US economy was far too resilient and that a recession would be avoided. Two months later, the market began to collapse and eventually fell 50% over the next few months. Even Apple, which had just released the first iPhone, fell by 60%. People are optimistic/bullish until the last second.
The entitlement problem is on the radar. All assets of people that have saved anything for retirement will be taxes on any asset they have. If you own a rental home, they will tax that even though you already pay taxes on the rental income. People need to go to work and government benefits need an expiration date. You live in a HUD home you have five years to go learn a trade or college degree to be able to pay for yourself. All welfare recipients need a timeline that the taxpayers will pay for them to change their circumstances (up to five years) and go to work to pay for themselves but life long benefits without mandating responsibilities is insane.
GDP and traditional metrics no longer matter, wealth creation no longer matters, wealth is a zero-sum game, the problem is that the wealth is disproportionately held by a very small amount of people, redistribution is essential. Eternal growth on a finite planet with finite space/resources is not possible. We need an entirely new way of economic thinking.
Great that someone listening understands that there are overarching ecological issues that that dwarf significance of the GDP.
Wealth is absolutely not a zero sum game. Wealth is production of goods and services people want and need. Of course they have to be able to afford it, and in a good monetary system, people generally can afford what they want and need.
@@jimbosavage Someone spends money to produce goods/services and sells it to a buyer, who becomes poorer after spending, that money just continues changing hands. The wealth that has been created by money printing has devalued/diluted real wealth that came before. Sure, you can create it, but it has a negative effect, so it's not real/stable.
@@jimbosavage What goods and services does the stock market produce,
or a wall street trader or a financial analyst produce. If 93% of stock market
is owned by 1% of the population, that's not much benefit to the majority.
@@acjohn6995wealth is everything, not just "cash". The only limits to wealth are what someone is able/willing to pay. Those things that have a market price are summed. So nvidia doubling just made everyone who owns the stock wealthier. At least nominally. They can then borrow against the stock to purchase more goods and services to lock in those gains with physical goods. So no, wealth is never zero sum. We have a debt base monetary system. Even if earth is finite, it can still be valued ever higher.
As at 1971(The Nixon era when the gold standard was abandoned) to present day the purchasing power of the US dollar is 3 cents out of the original 100 cents!! 😮
And gold has gone from $38 to $2500. 65X is good for a barbaric relic, a stupid “rock” that does nothing, just sits there in a vault to catch dust.
USA-property taxes, insurance on cars and homes, food costs are out of control.
People are not going on vacation, eating out, getting their hair and nails done, not buying new clothes, back to school supplies were minimal. Kids aren't going to college, etc.
@JoseAntonioPlusBOTH Phony Parties🤦♂️
Same bird, different wings aka “a house divided can NOT stand” ~Bible
US is Doomed
And the republicans... they both did this.
@JoseAntonioPlus BOTH Phony Parties
The train wreck passes us by, while gold and silver hoarders are safe
Keep fighting with each other, that's why we don't question our leaders when they roll out fakes.
Taxes are too high. Especially for retirees.
If any boomer is broke, i dunno what to tell you. Gen x and gen z have had far worse economic and financial conditions to navigate. The least boomers can do is pay a small portion of their 2.5 trillion+ yearly transfer payment.
Super interview with these two guys. YES, nobody talks about the dire financial situation we are in. I think they are resigned to simply printing and hoping that the game continues.
Ai/robotics is the wild card that can change the trajectory of everything. When you have smart robots that build themselves and then build and maintain infrastructure and military apps. They'll keep printing and hope this gives them an out to the death spiral.
This is great interview not like these nuts saying bitcoin 1.000,000 by end of year and that was 2021 they were saying that
Great panel. Totally loved Peter's parting compliment on David's objectivity and humility in all of his broadcasts.
Can we just start the bear market already. This getting exhausting. And im a bull.
The phrase “worse than the great depression” is such a crazy call. No idea how it could happen but lets see
@@riley3269 the US won't recover this time.
@@riley3269 Yea, crazy dumb!
You can't have a real bear market when the country is gaining new people every day, when businesses are growing, when people every day buy MORE stuff, you can't have a bear market when people are confident and taking out new loans, and old loans are getting paid off, when American companies every day are bring back to the country money they make all around the globe. Sure we will have downturns and selloffs and stocks will crash down but a real real real bear market???? 5 years long or something like China has going on now??? Yeah I think thats a long long wait until something like that but who knows, we will see.
@@riley3269it is called losing the dollar
How do you know it is only 30% deviation? It is awful, but it could be worse. The revisions are prepared by the same entity and individuals. Are there any stats which are beyond question?
I have tracked unemployment state by state for the last 18 months. It was apparent that the headline number was not correct. If I can figure that out.. what about the 200 PHDs that work for the fed? Come on... they knew.
Great discussion from two pros!
BIG Thanks David Brilliant Guests Brilliant information - - LIKE 👍👍👍👍
Thanks David. No one mentioned the US miltary spending.
"The United States led the ranking of the countries with the highest military spending in 2023, with 916 billion U.S. dollars dedicated to the military. That constituted over 40 percent of the total military spending worldwide that year, which amounted to 2.4 trillion U.S. dollars."
This is going to turn out to be one of David’s most important interviews .
Dollar to peak around 2028 my ass
Dollar is done in 2025
Probably will be at 80 by June or July of next year.
Put that trade on!
Dxy will hit new lows by 2027.
already peaked dude. we have months. not years.
i agrer
Agree
David Lin is 1st class!!
Really good discussion, enjoyed it. Great guests, insightful.
Don’t forget, the big war is around the corner.
@24:00 the guest starts talking about taxing unrealized capital gains. That already happens here in Brazil since Lula. Every November and April shares of some of my mutual funds disappear from my account to pay for the tax if they appreciated in the previous 6 months. This is a way for the government to regularize and anticipate tax income. But I think it causes more volatility since there is less incentive to buy and hold for the long run. Anyway, just saying it could happen in the US if they get desperate.
Thank you David for everything you do.
Thanks!
Gold to 3000
Then 4500 once they start the war .
No corporation has ever paid a single cent in taxes; only people pay taxes. (Paul Harvey).
A corporate tax is a hidden tax on people who buy products.
True, and by the same token no corporation ever received one penny from customers. Only people received money from the corporation's customers.
May I suggest you ready "broken money"?
The economic crisis and downturn are all the signs of 2008 market crash 2.0, so my question is, do I still save in the US dollar or is it okay to move all emergency and savings to precious metals?
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated almost $820K.
I will like to ask, How did you achieve it? I been trying to stick with index funds. I feel this new interest rates hikes could crash this economy. I'm looking out for a better investing strategy, I have a lump sum that inflation is steady eating up.
‘’Marisa Breton Dollard’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Excellent share, just inputted Marisa Breton Dollard on the internet, spotted her consulting page ranked top and was able to schedule a call session. I’ve seen commentaries about advisors but not one looks this phenomenal.
Thank you gentlemen for a frank discussion of current events based on your many years of experience. You too David! You're wise beyond your years.
Trumps tax cuts did not result in a proportional rise in investments. It did result in a surge in corporations buying back their own shares, resulting in more inflation. He needs to cut spending (which he’s not)! Not tax cuts to the wealthy ie. to himself.
Wrong, capital came back from overseas and was used for development in our economy. Inflation came from Covid and the shutdown.
Thank you. These guys are ignoring the fact that corporations have gotten the biggest government handouts in history and still saying they shouldn't be taxed. Give me a break.
The title “Worse than the Great Depression” reflects a mindset that thrives on fear and pessimism, often presenting doom and gloom without offering any solutions. It’s easy to sensationalize the problems ahead, but this perspective overlooks the power of choice and action.
While reporting on potential crises can grab attention, it often fails to acknowledge the alternatives and opportunities available to us. We can’t be paralyzed by fear; instead, we should focus on innovative solutions and decentralized systems that empower individuals and communities.
Let’s challenge this defeatist narrative and recognize that we have the agency to create a different future. By fostering resilience, embracing new ideas, and working together, we can build a system that not only withstands economic challenges but thrives despite them. The path forward is in our hands, and it’s time to take charge rather than surrender to despair.
2 very wise heads. Listen up America, you vote in Harris and you kiss goodbye to any kind of financial freedom.
And Republicans are pushing Project 25. Damned if you do Damned if you don't.
Votes don't matter anymore. What government want happens
Doesn't matter who gets in, they will take our financial freedom either way. Prepare to make a stand while you can
What is going to come is obvious.
David, Thanks for shedding light on this incompetence of the current Biden administration.
Decades from now the Canadian trucker convoy will be remembered as when the honest, hard working men and women of this world stood up to Tyranny...our FREEDOM FIGHTERS.
And lost. I work in trucking and as the trucking convoy was on the way to Ottawa our insurance broker told us the Gov told them if even 1 of our trucks showed up to Ottawa to protest our insurance policy would be canceled and our bank accounts would be frozen and seized. So much for freedom right ?
@ceasarwright7567
And.... the world has openly condemned Trudeau and Frerland for this injustice. What you have stated is a MAJOR factor why these tyrants are going to be destroyed and their party decimated the next election
Why no one isnt taking about RFK Jr. in this presidential election cycle is beyond me 🤦🏾♂️
because all he is doing is taking votes from Trump. that's why.
Sad to say he is not his dad or his uncle. He is a bit weird.
That Jobs Number is BS.... -980.......
Excellent discussion
Two very down to earth speakers. They know what they are talking and not trying to fool you. Thanks for bringing them in.
I love listening to Grandich, because I hate the English language.😂
You must be from Russer or Chiner.
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You must be brain dead.
Great channel. Great guest. Great conversation. I am now subscribed 👍
-RECESSION- ........DEPRESSION ?
Mmm mmm mmm .. Rate Cuts .. we want rate cuts… let’s talk aboot.. oh and by the way .. there’s no rates cuts ..
Things wont change for the better financialy for most people.We as a society spend money we don't really have on things we dont need.Debt based systems are meant to create markets where there would be none except a payment plan allows for it.😊
It don't matter who's president....trust is broken across the globe 😆😂😆😂😆
best economic / financial segment evah.
these two guys are fing great.
to peter: i can guarantee you most of harris' talking points were written in a soros conference room.
Lets get more of these duel Canada & U.S Panels 👍
I think the employment discrepancy is political. Makes a fed rate cut look like they are not being political. It’s all connected.
Wonderful interview!
I’d love to have these guys’ continuing perspective on the financial imbroglio to come.. Please bring back Peter Grandich and Michael Campbell for their own spots in the future.
Thank you Gentlemen. This interview should be mandatory viewing for all Canadians & Americans.
David keeps hitting out of the park. Peter is one of my favorite Financial commentators
They won’t cut services, they will raise taxes though and keep printing until we are like Venezuela.
Best advice from Peter Grandich...don't go into debt...and expect the worst and the other guy, gamble in the stock market and hope you do well...risky advices!!!
Great Analysis by these guys!
" Rent Control' was tried in a lefty government in AUS back in the 1950's and it was an economic and social disaster. Finally, finally it was repealed and market forces instituted and things settled down, landlords rewturned , rental availibility adjusted over time. Insane policy by a state government.
One of your best interviews this summer ❤
Thank you David,
Thank you Gentlemen for your professionalism.
It’s about to get REAL!
Prepare!!
🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
I’m impressed by both these men. No one ever tells the truth. They just did. Fabulous guests.
Nothing happens in monetary policy without a purpose. The key is to know the direction and the reason for that purpose. And on another point.... David you have nice hair!
Refreshing to finally hear people that think like me. Love it . Thank you.
Israel Iran war can be involved US Russian China
Great choice of guests once again 👏 👌 👍
Great interview, thanks.
One of your best interviews to date, David! Thank you!
Gold, silver, copper, uranium and bitcoin. Tangible assets.
Bitcoin is NOT tangible.
@@JohnDoe-np3zk I think bitcoin tangible is if you have self custody in your own cold wallet. Maybe you can’t bite a bitcoin buy I believe bitcoin is tangible because it has no counter party risk.
You are right David. Two of my favorite guests.
Super interview, really good discussion.
Great 👍 video love the info
Great show David! Very educational!
Hahaha-! Kamala. We love her. 😂 Best nighttime soap opera actress, ever. Sometimes you just gotta hock to it. Sir! 😂😂
Another great interview David, thank you!!
Politics and bankers not allowed Canada economy growing up
MORE THAN EXCELLENT!
Man one of the best ones David!! Awesome guests and such nice words from Peter.
You got a new sub.
great show thanks
Sometimes (not referencing this channel) guests that cover similar topics when brought together feel they are competing against one another. I must say that this presentation was extremely amicable! That worked well for everyone involved, and the topics were very well covered without any animosity. I can’t compliment the hosts and guests any more than that! Well done everyone and thank you so much for sharing!
Great interview.
The EURO!?
Gas was 1.75 four years ago! Now it's 3.50! That's 50% decline in the dollar in 4 years!!!!!!
It's going to be nasty
Yes + David conducts his program as all interviewers should. " The Gold Standard"🏆
Dude: the Brics Countries have been manipulated by the Colonialists for Centuries. There needs to be some comeuppance bruhs
Awesome interview with 2 great guests 👍🏼👍🏼
Great Show Guys ! I just wish more people would pay attention to shows like this . We are coming to a criticial point of unsustainable debt that most people are clueless of the end result .
Stock market prices are not representative of how well the economy is doing! When they print money, inflation flows into asset prices. With more printed money, stock prices must go up. The stock market is forward looking. With expected Fed cuts and Trump and Harris promising a spending binge, the markets are pricing in lots of inflation. That’s why stock prices are rising.
The scary part is when they stop going up. Because that’s going to mean a crash is about to happen. The market will then price in a asset price drop (deflation in a recession). All asset prices will then collapse.
The bottom 50% of the population own less that 1% of the stock market, the
top 1% of the population own 93%. So for us at the bottom were only concerned
about how low can it go before it effects unemployment, and if it wasn't for that
I don't think we would give a shxt if it went to 0 .
You don’t need much money to buy shares. Most people know nothing about “money and finances “ . Who’s fault is that: only themselves.
Thanks Guys, Powerful Truth
Truly the best!!!!!!!!!!
Its a uniparty folks with a right and a far right. Anyone who thinks the Dems are "left" or "socialist", then i have a brixge to sell you. 😂😂😂
They are working for the Deep State structures backed by the oligarchy.
Huh? The problem right now is massive fiscal stimulus for the poor and ultra rich, and in general, too much spending. Thats like the least right wing idea.
Actually you have an establishment center right party and an establishment globalist Marxist far left party
@@michaelbananas461 have you read Marx? What Trump describes as "radical socialism" is simply end stage capitalism. Look up "inverteed totalitarianism" by author Sheldon Wollin and you have a perfect description of the Westtern idea of "democracy". The uniparty is owned by Wall St, Silicon Valley and the military industrial complex. Look up Julian Assange and see what happens to anyone who exposes the unelected government that flows through every administrative. The uniparty profit off and serve corporations.
Great group!!! Please do again!