Hi Michael, this whole interview is a must to listen to, best guests you can possibly have and you did a hell of a job directing the whole thing. Thanks
Yeah, is like crying over someone moving your cheese. The west is having a hard time accepting that China is now the dominant power in the world today. The other guy keeps complaining about China cleaning out the mid-west but forgot to mention the fact that American companies closed them down and made tons of money using the cheap labor available in China. China does not depend on the dollar, you can keep telling yourselves this fantasy stories about China needing oil or dollars, they don't and have been buying things in around the world with the yuan...there is no economic collapse in China, stop the fantasy guys...it's laughable :)
The problem isn’t anything that China is doing. The problem is what the US isn’t doing. China had a practical approach to building its country and being competitive. The US was sending poor kids to die in a rich man’s war. China invested in their human capital, we invested in what?
I know many American will not want to understand or know once US Dollar lose it dominance status ,the American economy will eventually collapse because the American can't print anymore money without losing their value...Therefore when the Dollar collapsed the US military will collapse at the same time as well ...
@@maplenook I am Chinese. I don't want to our country to buy oil and other products by dollar. Do you have any problem with that? If you have, tell me why. Why should China listen to the US and use dollar?
The China threat is completely a made-up created by American ruling class. Unfortunately this made-up was also created to distract the ruled classes in the west away from the enormous wealth disparity. So it practically traps the entire US led west by not intending to fix any of their actual socioeconomic problems. This will not end up well as it does not seem to be effective disrupting China's rise physically while it does hurt the western world physically, unless the US has the ball to launch a hot war, which can highly likely be escalated to a H-bomb exchange in a few hours, against China.
@Plain Truth it’s a totally different mindset when your country has spent the past 40 years getting better instead of worse. Of course before those 40 years, something like 10% of the population died at the hands of the government, so there’s that too.
CHINA had a succession of Invasions from The British, American and Japanese and the prize was "OPIUM" That CHINA survived and has built an economy based on Economics is testimony to a versatile Government who has turn this nation into a self sufficient entity with a power base one might refer to as the PEOPLE where as the Empire of EVIL has used the assets of the people to BUILD a INVADING force.
Hypocrisy, at its best, a losing argument, when the host starts with Xinjiang, when the greatest atrocities had been committed by USA on the native Americans, who had a population of 10 million 240 years ago were massacred over a period of time to just 250 000 by the beginning of the 20th century, stealing and possessing the country. As to bringing industry back to the USA, its wishful thinking, with all these sanctions, the trade with China has increased by 30%, it is going to beat all records this year. The queue of ships out side a USA ports are 90% Chinese goods for the Christmas and New Year. The shelfs of the supermarkets are already bare. What is the problem of China, doing better than the USA, surely it is not God's prerogative that USA should lead the world. Whats wrong with a multipolar world. It would be better, it would allow the USA a much earned rest from 228 years of war, having only 16 years of rest since forceful occupation of the native American lands. This was supposed to be a discussion on the economics of the USA, but its China bashing, just like the clowns in the congress.
Why are the internal affairs of China so important to the US anyway? We should be more concerned with our own affairs obviously. China is used as a distraction to AVOID dealing with difficult problems at home.
the Englishman at the bottom of the screen comes across as a right little cold warmonger. The American top Right seems to have a more balanced viewpoint re the morality and ethics of the two geopolitical adversaries.
I totally agree with you. Jack a***es at the helm. China don't ask the Western companies to come to china. The deal was western companies come over here and make money you share technology. Now we hear something else about the deal. China china china. Hegemony master is dying.
The West's response to and demonisation of China's rise as an economic giant is bordering on hysteria. Knowing Chinese pysche and traditions I opine that China is only interested in lifting its populace out of poverty and promoting national pride no thanks to its bitter experience of the "century of humiliation'. China unlike America has always preferred peaceful ways of spreading its influence and settling foreign disputes notwithstanding a fierce desire to protect its territories. The world would be a better place if the English speaking bloc quit its confrontational stance thereby pushing China into the arms of other anti American countries such as Iran.
These two guests know what they are talking about. But unfortunately they still believe there is "genocide" happening. I can't believe that despite such intelligent minds, they are still being fooled by the fabricated stories.
@@jameskptan It's bizzare how such intelligentt minds can have inexplicable twisted psyche! Therefore, it boils down to wisdom-deficit amid knowledge, resulting in , "there's none so blind as those who cannot or would not see" ,, or "they look without seeing and listen without hearing!" We can bet these guys hardly do any verification of the facts, and rely on warped stuff or lies from that 'adrian zenz' who is supposed to be a man of God !! That adrian is as zenze as he could tell a Truth ! But, yet we can have guys who can shine in knowledge, but filth in sewage! It's pathetic,,, rather a waste of precious human resources-- 'intellects' who refused to see the plank at the tip of their nose ! Anyway, just cannot bear to finish viewing their inaccurate or misleading or unverified information...rather annoying in that respect ! If they want respect or recognition, they need to tread the path of Truth, not biasness and prejudice and lies !! ""Thou should not Lie, Cheat or Steal !!!""
At 21:50 Luke states that if China can’t pay its debt they are screwed. China is now the world’s largest creditor nation. Can you explain who they wouldn’t be able to pay debts to? Also, China appears to be becoming more self-sufficient by the day. And they have oil deals with both Iraq and Iran now. The USA better start securing resources, bringing some manufacturing back home, and our government needs to cut out the ‘communist’/‘stakeholder’ system shifts in which 40% of the country is getting angrier by the day, or we are screwed.
for way too long now America has used economic sanctions as undeclared acts of war. The $US hegemony and SWIFT have made this possible. But they've over played this particular hand, and nations on the receiving end of these sanctions are scrambling for alternatives to trading in $US. So what happens as nations increasingly trade in currencies other than the $US? Will America find it as easy as it does now to print $US out of nothing? Will it find it as easy to continue to fund its incessant overseas military adventures? Cos if it can't, then it will have shot itself in the foot with its economic sanctions. And the American Empire may stumble.
What if US simply focus on US domestic issues rather than interfere with other countries internal affairs especially when US military is causing the problem.
@@cosmothewonderdog8602 not only that, how will American corporations keep its raw material supplying "colonies " in check,when competitors are willing to pay better prices and fairer trade conditions
US dollar is the most over-priced junk in the world today. With nothing to back up the amount of paper they print their funny money on it’s worth nothing, even wallpaper has higher value than USD as at least wallpaper looks much better!
You put it right brother, they were fooling the world with their worthless dollar, that is why they need a huge military to go and impose the dollar. But countries should revamp their economies and create surplus, but the world bank AKA USA go and give them debt dollar and bribe all the cronies. We need patriotism LENDING money must stop. I do not have any debt, how did I do it in Debt ridden country called CANADA? 45% of Canadians do not have any debt.
The conflict began when China would not add more USD to her FX Reserve when the widgets China wants to buy from US is declared off limits and there is nothing else US can offer. Trade surpluses with US has never been that high because Taiwanese, Japanese and Korean components embedded in Chinese assembled products are counted as Chinese surpluses. Much as China wants to accommodate when she is cornered she naturally will stand her ground.
Can we speed up? I'd love to see USD, EUR, GBP, etc turn into dust. This Emerald of The Equator Indonesia on world map is too small since Mercator 1569, the real size of Indonesia to compare to Europe is stretching from London to Moscow. and our small Jakarta is 6 times size of Paris, Europe's largest city. The world has been doing dirty to us for too long, no more! Present Education even religions are full of lies. Rise up Real Tiger of Asia, Indonesia (China isn't real tiger of Asia, without us Indonesia, China will be nothing).
Brilliant discussion. Should be a must-watch for our policy makers and anyone looking to hedge the future in order to protect themselves from the inevitable collapse of the current world order.
Wonderful conversation. Love Grant and Luke. Grant is so right about Kaplan and Rosenberg. As George Carlin said, "it's one big club and you ain't in it."
Amazing episode! These two are absolutely brilliant, and the way they break it down for the laymen to understand is so appreciated. Great questions and contributions by the host, as well. As was said by Grant, the time of financial assets is nearing an end. It would be wise to transfer a portion of our wealth into hard assets and prepare for what is inevitably coming. The FOMO prior to the crash will be hard to resist. It could be a dark winter, depending on how long they can keep kicking this can.
Michael, you are not alone. I get this feeling watching the news every couple months. The country is falling apart/changing and we are living through it. Society is very different just if you look at 10 years ago. It is scary.
*3 Golden rules of investing* 1. Do not invest in something that you do not understand. 2. Invest if you can afford to lose. 3. Don't put all your eggs in one basket.
@@ellenthompson803 Honestly I tell this to my friends everyday. It's good to save money but you gotta have that investing spirit if you really want financial freedom.
@@ellenthompson803 But what if you don't know how to trade any of these? I mean I see your point. Some people have the money and are willing to invest. But the problem is where to.
Wow! Two titans whose subscription material I gladly pay for and is worth every cent. I suggest all listeners/watchers of this program do the same. Thanks to the host for bringing them together and the thought provoking questions. Awesome work!
*It is inevitable that the US$ will collapse. The question is when. The truth is, it's overdue. So every day brings the fateful day nearer. When that happens, America's global military adventure will disintegrate.*
Love ur work! Would love it even more to hear about ripple net, Xrp and the new financial system!! David schwartz or brad garlinghouse would be exceptional guests ❤️🙏🏼😃
Both China and Russia are smart enough to know who they would like to trust. What's happening today is because US has lost its credibility in many countries due to its foreign policies in the last 30+ years. With more educated populations in the world, they are able to make their judgement on who are their friends. Years ago, many young people in China considered US the lighthouse of the world. After so many events in the US and actions/wars started by the US, they question the true intentions of the US and call the US the "lighthouse" with a subtle smile.
Chair Powell himself said in a Q & A a few years back that the the US can handle more than one Reserve currency in the world. Why did everybody forget what he said? That told me that there was a plan already gamed out with the Dollar NOT being the only reserve currency.
Two of the greatest experts on analizing history and future economy. Diversified in monetary metals, crypto, commodities in general and miners is the place to be (protected)
Re Grant Williams and valuations in the early 1980s I remember selling tax exempt Muni bonds to a retail customer in 1982. It was a Aaa rated PHA, maybe 3.00% issued in the 1960s. The customer bought it at maybe .40 - .50. He quipped "I'm going to be the first guy to ever make money on this thing" That's what the 1970s did to financial assets.
the US industrialists shifted their factories to make big bucks. They did. But this move made the US working class poor. The big bucks made in China by US capitalists were never redistributed to the US masses. There is no US government policy, will to do so, under the name of free capitalist economy. Winner takes all. Socialist fair distribution is frowned upon by the very people who are being marginalized. So the US economic problem is not caused by China, as accused by US politicians. The people must be more educated, wake up n choose a fair system
Damn fools always think that he's correct. Greed is what got us here. We murdered 800000 people in the world. We are down for the count. We are corrupt. I've experience it first hand and greed rules.
In 1970 the building trade union were screaming about the lost of US manufacturing. We built the manufacturing plant. For decades we screamed BUY American my whole career. Now you cannot find things made in America. In America we pay our people not to work; so why should they go to work. Low paid workers without insurance need medical. There is a trench (low pay with little to no benefits) in the climb to better jobs. Many large employers are not paying benefits and taxes for immigrant employees, and the immigrants are just trying to survive. My union gave me mandatory 4 years of apprenticeship education and years journeymen classes to increase my knowledge and skills. In America we need 2 years of free trade schooling or free 2 years of college.
Chinese--USSR/Russian relations have been more nuanced that the guest indicates. After the Bolshevik Revolution, the USSR had become much kinder and less racist toward China than Czarist Russia. Since the Soviet, relations have been cordial and cooperative, with acrimonious interruptions.
Wealth inequality from too much debt expanding the gap. Since 1971, US Debt up 72.5x, real estate, stocks, bonds, health care, education, up 34x, labor up 12x, all due to inflation, debasement, planned and implemented. Minimum wage in 1966 was one ounce of silver at $1.25. In 2021, minimum wage is $15 per hour, one HALF an ounce, down over 50%. Wages are suppressed for forty years. This is the traditional typical outcome of inflation until it breaks in WAR. Prepare yourself and protect yourself.
In 1984, unearned income exceeded earned income Since 1984, US generated more profits from financial transactions then production. That means profits are made by moving money around on the stock market, or share buybacks. Not by making and selling stuff. Blaming japan at that time and china today does not solve our problems. Every minute we focus on china is a minute we are not focus on the rot in our own system
Here are some vids of the people we want to bomb Wei s shanghai bund th-cam.com/video/GHVL0rEbv6k/w-d-xo.html Walk East capital of poorest province in china th-cam.com/video/7QsZVk8Am_E/w-d-xo.html
@@kaiki8490 We are. not creating wealth, we are transferring wealth. That is how rich people get rich, not by doing labor. Poor people labor. Rich people cut deals. Very interesting.
So, you don’t want to talk about hyper inflation yet, money printing besides value added is at an all time high. What else will bring on hyper inflation? The elephant in the room being ignored.
I love your video at large but i will advice everybody who is into cryptos to Stick with ETH and BTC as much as you can guys. If everyone sells when it starts to fall, which at one point it will, the dream may be lost because of it being too volatile for companies to get behind.
imagine being rich, being too lazy and ignorant to come to even the slightest agreement. Let's petition to fire the government or take from their pocket Money is good for only three things : fun, investing, and giving.
I'm one invest my money on crypto. Bitcoin trading is great, unlike the stock market and other financial markets, bitcoin has no centralized location, since it operates 24hours a day in different parts of the world
you are right Bitcoin trading might make you rich if you are hedge fund with deep pockets or an unusual skilled currency trader After a successful investment you have nothing to worry about, whether the rise and fall of economy won't affect you. Make's your future brighter, by making good investment
Everything they say makes sense. What they don't help with is advising us what to do about it. Is that because there is nothing we can do about it? Do we go to cash, even though it will be devalued, so we can buy the dip? Do we buy gold and silver? We do buy crypto?
Interesting. Little thought here: Can a government buy Oil with bitcoin? Or can he used Gold instead? Answering this question is the only way to chose between the 2 assets.
When US and it’s allies put too much pressure on China that China will require all it’s trading partners to use it’s digital currency. As a result, US currency will not be a dominate player anymore and US will become insignificant; the end of US empire.
Michael, thanks so much for recommending this video: "Charlie Rose: Sir James Goldsmith Interview - 15.11.94" It kind of ticks me off though, his warning us very strong, yet he lost, the elites cared more about enriching themselves than their own citizens.
What's amazing is that the right and the left have way more in common than they realize. Their fixes to it all, mainly income inequality, are different so that's the fight among them. I see the left as wanting government to just "give" people all that they want, health care, education, and even money (UBI) whereas the right wants the jobs back so they can work to pay for all that they want. I like the right's fix more than the left, because if the left gets their way, the gov't will own the people. If the right gets their way, the gov't could force businesses to care for their employees (maybe pro union govt, for example)... people would be free to move among companies so neither business or gov't owns the people.
Grant says he has too many unanswered questions about bitcoin. My question for Grant is what are those questions because I feel like I’ve asked every question about bitcoin and I’ve had them all answered, it just seems so obvious at this point especially if you know all the things that Grant knows.
I suspect that one of Grant's questions would be what will crypto currencies do in a financial calamity. Seems a fair question for which nobody has the answer yet.
@@nichole2757 agreed, i do remember grant being very against bitcoin many years ago. also he's a gold bug and the majority of his listeners are so probably just easier not to upset the apple cart. My guess is he left real vision because of their switch towards the space. Pretty poor for a money manager to not even consider an asset class.
Interesting, when Luke said that the US needed to let Gold go it made me think of the movie Chronicles of Riddick where the Shapeshifting bad leader had to decide between two bad choices. No way to win?
USA government revenue is about 4 trillion in 2021 but it spends 6 trillion. The fed accumulated debt is 30 trillion but the USA GDP in 2021 was 20 trillion... Definitely in serious trouble by its own doing. US elected representatives in principle came from one dollar one vote, not one person one vote.
@Jim Moore you should go on long term investment. I'm a long term investor, I started at the beginning of the year with $10,000 presently I'm having $103,700 on my dashboard, it takes patience .
Our elites are fat and inept. Our rot is at the head. The best solution would be for us to actually lose and then rebuild. The rot has to be cleared out and that doesn't happen if we eek by with a win. We need a devastating loss in order to really wake people up to clean house.
China is not the enemy anymore then japans was in the 80s. China is a distraction from the real problem of the military industrial complex Look up 21 trillion missing from pentagon Mark skidmore And The new atlas Brian Berletic
Great Conversation. What surprises me is how difficult it is to correct the direction society, or the economy, or the agreed upon narrative. My big fear, of course, is that all the current nonsense can't be put back on track. Then a Hot War might seem like a good idea to many of our leaders...
Everything that endures in nature, by entropy is already here. Bitcoin needs energy to sustain it, gold above ground does not, the energy to get and sustain is is already past. It’s just physics.
It is not a clash of ideals, but rather than hegemonic preservation of the US, China is not a Communist, just like the US not democracy. My 20 cent idea. Peace. 🙏
Gold is the mother of all commodities. Bitcoin is the mother of all fantasy land speculations. Gambling is not investing. Protect yourself. Limit risk.
Hi Michael, this whole interview is a must to listen to, best guests you can possibly have and you did a hell of a job directing the whole thing. Thanks
Yeah, is like crying over someone moving your cheese. The west is having a hard time accepting that China is now the dominant power in the world today. The other guy keeps complaining about China cleaning out the mid-west but forgot to mention the fact that American companies closed them down and made tons of money using the cheap labor available in China. China does not depend on the dollar, you can keep telling yourselves this fantasy stories about China needing oil or dollars, they don't and have been buying things in around the world with the yuan...there is no economic collapse in China, stop the fantasy guys...it's laughable :)
No,this dialogue is a disllusion
The problem isn’t anything that China is doing. The problem is what the US isn’t doing. China had a practical approach to building its country and being competitive. The US was sending poor kids to die in a rich man’s war. China invested in their human capital, we invested in what?
The US Empire’s Military Industrial Complex.
Well said
You 'invested' in protecting israel, from any nations hostile to its interests.
The USA is focused on gender identity and sexual preferences
@@maplenook like you here,
you mean.
I know many American will not want to understand or know once US Dollar lose it dominance status ,the American economy will eventually collapse because the American can't print anymore money without losing their value...Therefore when the Dollar collapsed the US military will collapse at the same time as well ...
Have you seen this channel
The new atlas
Brian Berletic
Why is China a threat? Are Chinese fighter jets and aircraft carriers navigating near California coast?
They desperately want the USA to feed their people. Now that our military took the experiment...it’s a little concerning
Dude you must be a liberal
@@maplenook I am Chinese. I don't want to our country to buy oil and other products by dollar. Do you have any problem with that? If you have, tell me why. Why should China listen to the US and use dollar?
Exactly.
The China threat is completely a made-up created by American ruling class. Unfortunately this made-up was also created to distract the ruled classes in the west away from the enormous wealth disparity. So it practically traps the entire US led west by not intending to fix any of their actual socioeconomic problems.
This will not end up well as it does not seem to be effective disrupting China's rise physically while it does hurt the western world physically, unless the US has the ball to launch a hot war, which can highly likely be escalated to a H-bomb exchange in a few hours, against China.
What right by international Law has the US to force China to be like the USA ?
SO YOU WANT TO HAVE NO FREEDOM LIKE CHINA????
@Plain Truth it’s a totally different mindset when your country has spent the past 40 years getting better instead of worse. Of course before those 40 years, something like 10% of the population died at the hands of the government, so there’s that too.
Evolution of western anti china propaganda
16.30 new york time report on raise of saudi funded extremist
th-cam.com/video/MuAAQ3qLl3A/w-d-xo.html
Taiwan airspace in mainland china
Fermube
th-cam.com/video/OzPAS6K8-9w/w-d-xo.html
Everything you hear about china in western news are lies, even petty one like this
th-cam.com/video/HUGd3ceM-pg/w-d-xo.html
The U.S.A. : I saw the enemy and the enemy was me.
Daily , weekly investment
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A S A P 🤑.
This is a good channel about the US and china conflict
The new atlas
Brian Berletic
th-cam.com/video/RCTuT3fxDY4/w-d-xo.html
Here is a 2min vid on china
th-cam.com/video/-_Kl-Kspg3g/w-d-xo.html
The enemy was clearly me in the case of covid.
Look up
The last american V a g abond
Ft D e t r ic k mysterious vaping illness
This is sickening. The facts of an on coming war is definitely true. But playing the US as the good guy and victim is beyond absurd.
Yes, you can see how sick these people are.
Fortunately there will not be a war unless the US govt starts one. China is not that stupid and has zero interest in wars.
CHINA had a succession of Invasions from The British, American and Japanese and the prize was "OPIUM" That CHINA survived and has built an economy based on Economics is testimony to a versatile Government who has turn this nation into a self sufficient entity with a power base one might refer to as the PEOPLE where as the Empire of EVIL has used the assets of the people to BUILD a INVADING force.
Any card carrying CCPer in the west should be arrested and have all their assets ceised as proceeds of crime (against humanity)
Congratulations! 10 social credit points will be deposited into your account from the CCP Propaganda Department for that comment 👍
Hypocrisy, at its best, a losing argument, when the host starts with Xinjiang, when the greatest atrocities had been committed by USA on the native Americans, who had a population of 10 million 240 years ago were massacred over a period of time to just 250 000 by the beginning of the 20th century, stealing and possessing the country.
As to bringing industry back to the USA, its wishful thinking, with all these sanctions, the trade with China has increased by 30%, it is going to beat all records this year. The queue of ships out side a USA ports are 90% Chinese goods for the Christmas and New Year. The shelfs of the supermarkets are already bare.
What is the problem of China, doing better than the USA, surely it is not God's prerogative that USA should lead the world. Whats wrong with a multipolar world. It would be better, it would allow the USA a much earned rest from 228 years of war, having only 16 years of rest since forceful occupation of the native American lands.
This was supposed to be a discussion on the economics of the USA, but its China bashing, just like the clowns in the congress.
And the hundreds of muslims were bombed/shot to death and millions more displced/became homeless by the americans/the west
Why are the internal affairs of China so important to the US anyway? We should be more concerned with our own affairs obviously. China is used as a distraction to AVOID dealing with difficult problems at home.
the Englishman at the bottom of the screen comes across as a right little cold warmonger. The American top Right seems to have a more balanced viewpoint re the morality and ethics of the two geopolitical adversaries.
Maybe but you have to admit that it is bad to put people in concentration camp to re-educate them !
I totally agree with you. Jack a***es at the helm. China don't ask the Western companies to come to china. The deal was western companies come over here and make money you share technology. Now we hear something else about the deal. China china china. Hegemony master is dying.
The West's response to and demonisation of China's rise as an economic giant is bordering on hysteria. Knowing Chinese pysche and traditions I opine that China is only interested in lifting its populace out of poverty and promoting national pride no thanks to its bitter experience of the "century of humiliation'. China unlike America has always preferred peaceful ways of spreading its influence and settling foreign disputes notwithstanding a fierce desire to protect its territories. The world would be a better place if the English speaking bloc quit its confrontational stance thereby pushing China into the arms of other anti American countries such as Iran.
These two guests know what they are talking about. But unfortunately they still believe there is "genocide" happening. I can't believe that despite such intelligent minds, they are still being fooled by the fabricated stories.
Look up
The new atlas
Brian Berletic
I post with link but autoerase
@@jameskptan It's bizzare how such intelligentt minds can have inexplicable twisted psyche! Therefore, it boils down to wisdom-deficit amid knowledge, resulting in , "there's none so blind as those who cannot or would not see" ,, or "they look without seeing and listen without hearing!" We can bet these guys hardly do any verification of the facts, and rely on warped stuff or lies from that 'adrian zenz' who is supposed to be a man of God !! That adrian is as zenze as he could tell a Truth ! But, yet we can have guys who can shine in knowledge, but filth in sewage! It's pathetic,,, rather a waste of precious human resources-- 'intellects' who refused to see the plank at the tip of their nose ! Anyway, just cannot bear to finish viewing their inaccurate or misleading or unverified information...rather annoying in that respect ! If they want respect or recognition, they need to tread the path of Truth, not biasness and prejudice and lies !! ""Thou should not Lie, Cheat or Steal !!!""
Worst country ever
At 21:50 Luke states that if China can’t pay its debt they are screwed. China is now the world’s largest creditor nation. Can you explain who they wouldn’t be able to pay debts to? Also, China appears to be becoming more self-sufficient by the day. And they have oil deals with both Iraq and Iran now. The USA better start securing resources, bringing some manufacturing back home, and our government needs to cut out the ‘communist’/‘stakeholder’ system shifts in which 40% of the country is getting angrier by the day, or we are screwed.
for way too long now America has used economic sanctions as undeclared acts of war. The $US hegemony and SWIFT have made this possible. But they've over played this particular hand, and nations on the receiving end of these sanctions are scrambling for alternatives to trading in $US. So what happens as nations increasingly trade in currencies other than the $US? Will America find it as easy as it does now to print $US out of nothing? Will it find it as easy to continue to fund its incessant overseas military adventures? Cos if it can't, then it will have shot itself in the foot with its economic sanctions. And the American Empire may stumble.
Checknout this channel fir all the facts
The new atlas
Brian Berletic
There is a huge amount of internal debt in China. They are at serious risk of a credit crunch
@@Shadow1986 who owns the debt?
@@samuelcorp637 Chinese citizens, corporations, government
What if US simply focus on US domestic issues rather than interfere with other countries internal affairs especially when US military is causing the problem.
But then how would the defense contributors, I mean contractors, stay rich?
Wmd lies in iraq, now china
th-cam.com/video/05vluFBdtr8/w-d-xo.html
That's a crazy idea as the US existence depends on robbing and looting others.
@@cosmothewonderdog8602 not only that, how will American corporations keep its raw material supplying "colonies " in check,when competitors are willing to pay better prices and fairer trade conditions
It is tough to have a war with your biggest supplier
US dollar is the most over-priced junk in the world today. With nothing to back up the amount of paper they print their funny money on it’s worth nothing, even wallpaper has higher value than USD as at least wallpaper looks much better!
You put it right brother, they were fooling the world with their worthless dollar, that is why they need a huge military to go and impose the dollar. But countries should revamp their economies and create surplus, but the world bank AKA USA go and give them debt dollar and bribe all the cronies. We need patriotism LENDING money must stop. I do not have any debt, how did I do it in Debt ridden country called CANADA? 45% of Canadians do not have any debt.
Look up
The new atlas
Brian Berletic
The conflict began when China would not add more USD to her FX Reserve when the widgets China wants to buy from US is declared off limits and there is nothing else US can offer. Trade surpluses with US has never been that high because Taiwanese, Japanese and Korean components embedded in Chinese assembled products are counted as Chinese surpluses. Much as China wants to accommodate when she is cornered she naturally will stand her ground.
For all the facts on what US are doing in china
The new atlas
Brian Berletic
th-cam.com/video/RCTuT3fxDY4/w-d-xo.html
Let's get one thing straight here. The US and the west are not the good guys in this ordeal.
"Capitalism without bankruptcy is like Catholicism without Hell" ... good one, Grant.
Except that, for a debtor, bankruptcy is heaven compared with the hell of no bankruptcy, perpetual debt, a true perdition, or purgatory ...
Ageed
Can we speed up? I'd love to see USD, EUR, GBP, etc turn into dust.
This Emerald of The Equator Indonesia on world map is too small since Mercator 1569, the real size of Indonesia to compare to Europe is stretching from London to Moscow. and our small Jakarta is 6 times size of Paris, Europe's largest city.
The world has been doing dirty to us for too long, no more!
Present Education even religions are full of lies.
Rise up Real Tiger of Asia, Indonesia (China isn't real tiger of Asia, without us Indonesia, China will be nothing).
Brilliant discussion. Should be a must-watch for our policy makers and anyone looking to hedge the future in order to protect themselves from the inevitable collapse of the current world order.
ask Assange, snowden manning or Kashoggi about american ways of getting opponents quiet.
⁉️Kashoggi?!?-- this was a SAUDI 🩸 murder, NOT of USA, inform yourself before writing really silly stuff 🙄
@@protoplast.youtube come on!. Are you serious? like 911? You must be american although your name suggests otherwise
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A S A P 🤑.
Daniel hale too
Look up
The new atlas
Brian Berletic
No links erade
Wonderful conversation. Love Grant and Luke. Grant is so right about Kaplan and Rosenberg. As George Carlin said, "it's one big club and you ain't in it."
One of the best interviews I have seen in a minute
I can tolerate this interview only until the Grant guy starts flapping his bullcrap-spilling- mouth.
Amazing episode! These two are absolutely brilliant, and the way they break it down for the laymen to understand is so appreciated. Great questions and contributions by the host, as well. As was said by Grant, the time of financial assets is nearing an end. It would be wise to transfer a portion of our wealth into hard assets and prepare for what is inevitably coming. The FOMO prior to the crash will be hard to resist. It could be a dark winter, depending on how long they can keep kicking this can.
I could not agree more Ron H.
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Wonderful conversation. What a great couple of thinkers! So inspiring. Thanks for the interview!
Suggestion. Listen to Prof. Michael Hudson talks.
😂😂😂
Hudson is real deal.
These dudes are clowns.🤡🤡🤡
Have you sseen this channel
The new atlas
Brian Berletic
Michael, you are not alone. I get this feeling watching the news every couple months. The country is falling apart/changing and we are living through it. Society is very different just if you look at 10 years ago. It is scary.
Luke Gromen, appreciate the clarity of thought
Such a nice quiet way to talk about alarming events by intelligent people. Please keep it up. Very refreshing on topics that get very hyped up.
*3 Golden rules of investing*
1. Do not invest in something that you do not understand.
2. Invest if you can afford to lose.
3. Don't put all your eggs in one basket.
China: Virtual money isn't real money.
Me: Looking at my money in the bank that is basically just virtual money: uh oh...
Invest in bitcoin, gold, silver, the forex market, buy stock, anything just invest!!
@@ellenthompson803 Honestly I tell this to my friends everyday. It's good to save money but you gotta have that investing spirit if you really want financial freedom.
@@ellenthompson803 But what if you don't know how to trade any of these? I mean I see your point. Some people have the money and are willing to invest. But the problem is where to.
@@mikewilliams8352 Lady, this is 2021!! People who aren't even traders still make money from crypto and forex markets.
Blockworks is the best.
You are one of the best interviewers around.
Keep up the great work.
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Wow top work getting these two titans on 👏👏👏
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In 2015, Greenbacks circulation in the markets is at high of 90% ,in 2020 the Greenbacks in circulation had drop to a level of 49% .
Two of the best. Thanks for a great interview. Great job.
Just discovered this podcast. What a wonderful channel! Keep up the excellent work.
When a big bully meet its adversary who is as strong as he is... the big bully feels threatened...
Wow! Two titans whose subscription material I gladly pay for and is worth every cent. I suggest all listeners/watchers of this program do the same. Thanks to the host for bringing them together and the thought provoking questions. Awesome work!
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Luke and Grant are the very best at in depth analysis of the financial system and the geopolitical currents it's enmeshed in.
A must watch interview.
*It is inevitable that the US$ will collapse. The question is when. The truth is, it's overdue. So every day brings the fateful day nearer. When that happens, America's global military adventure will disintegrate.*
Amazing interview and guests. Thank-you!!
Arthashastra, a book about governance written ca 2600 years ago, say: Justice and ethich are the pillars of governance.
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That book is pile of rubbish.
Great work Michael!
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Hard working Chinese vs couch potatoes. Who will win in the end. Justice always prevail in the end
Love ur work! Would love it even more to hear about ripple net, Xrp and the new financial system!! David schwartz or brad garlinghouse would be exceptional guests ❤️🙏🏼😃
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It is US mistake to constantly push, poke and sanction Rusia, that make Russia/China colaboration stronger.
Both China and Russia are smart enough to know who they would like to trust. What's happening today is because US has lost its credibility in many countries due to its foreign policies in the last 30+ years. With more educated populations in the world, they are able to make their judgement on who are their friends. Years ago, many young people in China considered US the lighthouse of the world. After so many events in the US and actions/wars started by the US, they question the true intentions of the US and call the US the "lighthouse" with a subtle smile.
Chair Powell himself said in a Q & A a few years back that the the US can handle more than one Reserve currency in the world. Why did everybody forget what he said? That told me that there was a plan already gamed out with the Dollar NOT being the only reserve currency.
Relevant one year later. Thank you.
So informative ..... thank you all !! 🤩
Two of the greatest experts on analizing history and future economy. Diversified in monetary metals, crypto, commodities in general and miners is the place to be (protected)
Great job and great guests. Thank you Michael.
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Re Grant Williams and valuations in the early 1980s
I remember selling tax exempt Muni bonds to a retail customer in 1982.
It was a Aaa rated PHA, maybe 3.00% issued in the 1960s.
The customer bought it at maybe .40 - .50. He quipped "I'm going to be the first guy to ever make money on this thing"
That's what the 1970s did to financial assets.
I've listened to many, many Luke Gromen interviews, and I've gained new insights each time.
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Why do you need a reference currency.
Why not let the market decide on the basic principles what value is assigned to currencies
the US industrialists shifted their factories to make big bucks. They did. But this move made the US working class poor. The big bucks made in China by US capitalists were never redistributed to the US masses. There is no US government policy, will to do so, under the name of free capitalist economy. Winner takes all. Socialist fair distribution is frowned upon by the very people who are being marginalized. So the US economic problem is not caused by China, as accused by US politicians. The people must be more educated, wake up n choose a fair system
Damn fools always think that he's correct. Greed is what got us here. We murdered 800000 people in the world. We are down for the count. We are corrupt. I've experience it first hand and greed rules.
Agree.
The military industrial complex rulrs america.
Loook up this channnel
The new atlas
Brian Berletic
In 1970 the building trade union were screaming about the lost of US manufacturing. We built the manufacturing plant. For decades we screamed BUY American my whole career. Now you cannot find things made in America. In America we pay our people not to work; so why should they go to work. Low paid workers without insurance need medical. There is a trench (low pay with little to no benefits) in the climb to better jobs. Many large employers are not paying benefits and taxes for immigrant employees, and the immigrants are just trying to survive. My union gave me mandatory 4 years of apprenticeship education and years journeymen classes to increase my knowledge and skills. In America we need 2 years of free trade schooling or free 2 years of college.
That aged surprisingly well, except for the fact that Bitcoin and Gold both flopped
The US Empire has had its time in the sun. It’s time for a change.
Have you seeeen this chhannnel
The new atlas
Brian Berletic
Mystery Babylon will fall.
Chinese--USSR/Russian relations have been more nuanced that the guest indicates. After the Bolshevik Revolution, the USSR had become much kinder and less racist toward China than Czarist Russia.
Since the Soviet, relations have been cordial and cooperative, with acrimonious interruptions.
I'm looking for a podcast episode where Grant Williams talks about sports investing. Does anyone know where to find it?
Wealth inequality from too much debt expanding the gap. Since 1971, US Debt up 72.5x, real estate, stocks, bonds, health care, education, up 34x, labor up 12x, all due to inflation, debasement, planned and implemented. Minimum wage in 1966 was one ounce of silver at $1.25. In 2021, minimum wage is $15 per hour, one HALF an ounce, down over 50%. Wages are suppressed for forty years. This is the traditional typical outcome of inflation until it breaks in WAR. Prepare yourself and protect yourself.
In 1984, unearned income exceeded earned income
Since 1984, US generated more profits from financial transactions then production. That means profits are made by moving money around on the stock market, or share buybacks. Not by making and selling stuff.
Blaming japan at that time and china today does not solve our problems.
Every minute we focus on china is a minute we are not focus on the rot in our own system
This channel explains how we are manufacturing consent for war against china
The new atlas
Brian Berletic
Here are some vids of the people we want to bomb
Wei s shanghai bund
th-cam.com/video/GHVL0rEbv6k/w-d-xo.html
Walk East capital of poorest province in china
th-cam.com/video/7QsZVk8Am_E/w-d-xo.html
@@kaiki8490 We are. not creating wealth, we are transferring wealth. That is how rich people get rich, not by doing labor. Poor people labor. Rich people cut deals. Very interesting.
So, you don’t want to talk about hyper inflation yet, money printing besides value added is at an all time high. What else will bring on hyper inflation? The elephant in the room being ignored.
I love your video at large but i will advice everybody who is into cryptos to Stick with ETH and BTC as much as you can guys. If everyone sells when it starts to fall, which at one point it will, the dream may be lost because of it being too volatile for companies to get behind.
imagine being rich, being too lazy and ignorant to come to even the slightest agreement. Let's petition to fire the government or take from their pocket Money is good for only three things : fun, investing, and giving.
The government don't care about us, that's why i always advice people to invest
I'm one invest my money on crypto. Bitcoin trading is great, unlike the stock market and other financial markets, bitcoin has no centralized location, since it operates 24hours a day in different parts of the world
you are right Bitcoin trading might make you rich if you are hedge fund with deep pockets or an unusual skilled currency trader After a successful investment you have nothing to worry about, whether the rise and fall of economy won't affect you. Make's your future brighter, by making good investment
I think Bitcoin is the future, Investing in it now will be the wisest thing to do especially with the current rise Nothing ever changes
What a fantastic and well-spoken interview. Bravo. 👏
Love Grant & Luke, gives the Macro picture as it is, no arrogance
I can smell the the rot from where I am sitting.
Gold vs bitcoin ? Do you think the future of commerce is person to person or digital?
Everything they say makes sense. What they don't help with is advising us what to do about it. Is that because there is nothing we can do about it? Do we go to cash, even though it will be devalued, so we can buy the dip? Do we buy gold and silver? We do buy crypto?
Thank you
Still watching Frank G Melbourne Australia 🇦🇺
Interesting.
Little thought here:
Can a government buy Oil with bitcoin?
Or can he used Gold instead?
Answering this question is the only way to chose between the 2 assets.
I really thought I was going to hear something with out biases but you let me down!
Many people around the world are curious to know when the end of this end game comes in reality.
When US and it’s allies put too much pressure on China that China will require all it’s trading partners to use it’s digital currency. As a result, US currency will not be a dominate player anymore and US will become insignificant; the end of US empire.
It would be interesting to hear their opinions after the Russian invention of Ukraine
BunsCake starts pre-sale. I took my place 🤑🚀
Excellent content, as usual. Thank you!
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Michael, thanks so much for recommending this video: "Charlie Rose: Sir James Goldsmith Interview - 15.11.94" It kind of ticks me off though, his warning us very strong, yet he lost, the elites cared more about enriching themselves than their own citizens.
What's amazing is that the right and the left have way more in common than they realize. Their fixes to it all, mainly income inequality, are different so that's the fight among them. I see the left as wanting government to just "give" people all that they want, health care, education, and even money (UBI) whereas the right wants the jobs back so they can work to pay for all that they want. I like the right's fix more than the left, because if the left gets their way, the gov't will own the people. If the right gets their way, the gov't could force businesses to care for their employees (maybe pro union govt, for example)... people would be free to move among companies so neither business or gov't owns the people.
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The world will have to choose; US$ or the e-cny(e-yuan).
the USA is so embarrassing lol
How did we get from Peer-to-Peer electronic payment system (Satoshi white paper) to digital gold, store of value? Something is very wrong.
sad that this interview does not get more views
What does it mean to let gold go? Thanks! I
Grant says he has too many unanswered questions about bitcoin.
My question for Grant is what are those questions because I feel like I’ve asked every question about bitcoin and I’ve had them all answered, it just seems so obvious at this point especially if you know all the things that Grant knows.
It’s an academic’s way of remaining intellectually ignorant
Nichole it’s a good thing he’s not an academic.
I suspect that one of Grant's questions would be what will crypto currencies do in a financial calamity.
Seems a fair question for which nobody has the answer yet.
@@nichole2757 agreed, i do remember grant being very against bitcoin many years ago. also he's a gold bug and the majority of his listeners are so probably just easier not to upset the apple cart. My guess is he left real vision because of their switch towards the space. Pretty poor for a money manager to not even consider an asset class.
@@toms641 pretty sure we already know from the covid crash. (They will go down for liquidity reasons then bounce back to new highs)
Glad i found this channel!
Excellent!
BunsCake Coming soon !!!!! 🚀🚀🚀🚀
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Interesting, when Luke said that the US needed to let Gold go it made me think of the movie Chronicles of Riddick where the Shapeshifting bad leader had to decide between two bad choices. No way to win?
Look up this channel for why and how we go to war
The new atlas
Brian Berletic
USA government revenue is about 4 trillion in 2021 but it spends 6 trillion. The fed accumulated debt is 30 trillion but the USA GDP in 2021 was 20 trillion... Definitely in serious trouble by its own doing. US elected representatives in principle came from one dollar one vote, not one person one vote.
BunsCake announced that it will pre-sale... 👍🚀
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Luke is the man!
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You know they are going down when you blame other people instead of looking closely yourself.
*Most* *people* *think....* *Investing* *in* *crypto* *is* *all* *about* *buying* *coins* *and* *holding,* *till* *it* *rises,* 🙅 *come* *on* *it* *takes* *much* *analysis* *to* *be* *a* *successful* *crypto* *trader.*
*I've* *made* *$16,000* *in* *two* *weeks* *of* *trade.*
@Clarence Matthews I trade with a professional broker *Mr.* *David* *Morrison* he brings me massive returns.
I also trade with Mr. David, haven't you heard of him?
He is the best to trade with.
@Jim Moore you should go on long term investment. I'm a long term investor, I started at the beginning of the year with $10,000 presently I'm having $103,700 on my dashboard, it takes patience .
I guess you guys are new clients of David Morrison. I've been trading since 2017
I countlessly share my experience with co-workers at work, on how I earned $44,000 in two week of traded
Name the hospitals with the highest death rates.
Name the counties with the highest death rates.
Name the States with the highest death rates.
Great content. Need camera clarity from interviewers camera.
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Our elites are fat and inept. Our rot is at the head. The best solution would be for us to actually lose and then rebuild. The rot has to be cleared out and that doesn't happen if we eek by with a win. We need a devastating loss in order to really wake people up to clean house.
It's called Revolution.
China is not the enemy anymore then japans was in the 80s.
China is a distraction from the real problem of the military industrial complex
Look up
21 trillion missing from pentagon
Mark skidmore
And
The new atlas
Brian Berletic
Incredible. Awesome. Amazing. The Best. Wow. Thank you.
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Great Conversation. What surprises me is how difficult it is to correct the direction society, or the economy, or the agreed upon narrative. My big fear, of course, is that all the current nonsense can't be put back on track. Then a Hot War might seem like a good idea to many of our leaders...
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Everything that endures in nature, by entropy is already here. Bitcoin needs energy to sustain it, gold above ground does not, the energy to get and sustain is is already past. It’s just physics.
It is not a clash of ideals, but rather than hegemonic preservation of the US, China is not a Communist, just like the US not democracy. My 20 cent idea. Peace. 🙏
Good observation
Loook up
The new atlas
Brian Berletic
I think we’re looking at a crackup boom
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Heavy hitters!
Lucidity's trap 6 out of 7 times resulted in war?
Gold is the mother of all commodities. Bitcoin is the mother of all fantasy land speculations. Gambling is not investing. Protect yourself. Limit risk.