Register for my FREE workshop, Win In A Changing Economy: Wealth Building In 2025 - briefs.co/workshop WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS! There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through TH-cam comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!
The problem is that government spending isn't going to the intended recipients or wise investments. Instead, it's going towards unnecessary/redundant/irrelevant initiatives and lining the pockets of high-ranking middlemen, other countries, and politicians.
Is it really? Have you looked at the allocation of national spending. This comment is a popular sentiment but it’s typically directed at spending that is largely insignificant, like government employee wages or small but helpful programs like Head Start, and not on the actual harmful spending that you probably (unknowingly) voted to support.
@@TSidez my comment isn't directed at the items you mention. It's directed at stuff such as $1.3B paid to dead people, $3.7M to study monkeys gambling, $250M to the "Feeding our Future" scam that exploited the child nutrition program, over $7B annually for mortgage & rent of government buildings that stand mostly empty, $200M+ granted to independently wealthy musicians, etc.
@@TSidez- in 2022 the federal government spent $119B on education funding (twice the amount spent in 2019), however, there was no significant increase in wages for teachers on the front line who interact with our nation's children daily. To boot, teaching jobs were, in fact, REDUCED! The funds are eaten up by hands in the pot (that shouldn't be there) by time they reach the intended individuals/groups. And, clearly, with the continual plummeting performance of students across the nation, the way that funding is being spent/deployed is not effective.
They will never admit that inflation is 50%. It is correct though. I remember the prices right before covid. I compare them now and most food products have gone op 50%. So the numbers they are giving us are bull crap.
Because the national debt really doesn't matter. If it did, America would be dead by now. Most people don't understand the national debt, it is not the same as regular debt. At all.
We need to NATIONALIZE highly profitable, exploitative corporations like TELECOMS, AMAZON, UTILITIES. Then we'll have TRILLIONS A YEAR IN PROFITS to pay off our $36 Tn. debt. It takes the stroke of Trump's pen and paper IOU's (bonds) to the company owners. LOL.
Protecting your capital is much more important than making money. Basically, because if you lose your capital, making money is much harder. "Missing the train" vs. "losing your money." There are a lot of trains, but if your money is gone, it's over.
Wall Street pitched so-called quality stocks with high profitability and low debt as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year. My $200k portfolio is down by approximately 20%. Any recommendations to scale up my returns on investment?
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
Advisory service is the ideal way to go about investing. I've been in touch with an advisor since 2020 pandemic, only cos I lack depth knowledge and skillset of the mkt. Thankfully, my portfolio has generated nearly $1m after 100s of thousands invested to date.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with "Caroline Suzan Olson" for about five years now, and her performance has been consistently impressive. She's quite known in her field; look her up.
@@tylercampbell6058 I can agree. The class teaches more the corporate uses for finance and specialty of the profession. He gives the the more general and average understanding of economics and finance that does benefits households better than understanding the business side of finance. But if you are working for a firm on Wall Street or just an ordinary local bank, knowing the financial benefits for your own household is really the most important.
The problem with always be buying is that when the market is at its lowest people are not working therefore they cannot buy. So you’re buying on the way up you’re buying at the peak, but you’re not buying it on the way down or at the very bottom because you’re not working
A Down market doesn't mean you lost your job. Higher unemployment doesn't mean 100% unemployment. People can be laid off at any point in a high market and may retain their job through any recession.
I was in Zimbabwe after it's hyperinflation. Rolling blackouts, long lines for fuel and empty shelves at grocery store. The USD was the currency, after previously being outlawed.
100% true. I served in the Marine Corps. Often we'd have leftover rounds (bullets) which we were told to use or burry. Even leftover c4 explosives, me being a cigarette smoker was told to go pile it up & burn it (yes it lights with a cigarette lighter & burns away) 😩
Go take a look at the top items that comprise the growing national debt and look at what just surpassed military... Thats the metric that is the big problem because there's really no stopping it.
This video is a game-changer! So much helpful information packed into one clip. I personally don't like promoting anything in comments, but I simply have to share with you a book called The Gilded Nexus of Prosperity, that book changed my approach to money, the methods in that book are impressive
Indeed it is a great book! Btw, you are not promoting. You are dropping a jewel for the community! In the spirit of giving, I will do the same. ! I have a MBA in finance as (Stanford U). After receiving my CFA designation, I was mentored by Ray Dalio (his son is a neighborhood friend from CT). Combining his take on fundamental analysis with my true passion, technical analysis (been studying since 13), has made me the successful investor/trader that I am today. I say that to say this.. OBLG is by far the most technically primed chart that I have seen in 25+ years. IMO this is going to make a similar move to HKD. All the best to you! Happy New Years!
@@raybod1775 So strong that it's backed by nothing, not tied to oil anymore and every other non-western country is offloading dollars, treasuries, bonds etc. VERY STRONG!! ;)
So what has "growing the economy" meant over the last thirty, forty years? The wealthier become even wealthier still, the average is debased, while working harder, longer, more intelligently so forget that so on a PRODUCTIVITY ADJUSTED BASIS WHERE HAS THE INCREASES GONE TO, THE WORKERS OR CAPITAL? CAPITAL SILLY!
The markets are not being fueled by 401k contributions. Raising prices are fueling the markets. Not profit margins but rather overall sales. Things and services are still selling and the increase of costs are fueling higher sales numbers. Margins are overall flat.
Jaspreet is one of the most inclusive and thorough vloggers about the market I’ve seen. Some of you are assuming he’s missing some key points but he’s already gone over those from other videos.
I’m not a greedy man, i’m not a gambling man, i’m happy with my gains, and i will not invest in unhealthy business principles. For that reason, thanks for the gains 2024 I’m out
I have a slightly different approach. Putting in stop losses on my portfolio to lock in gains and taking some money off the sideline for use in the some highly speculative buys. Scared money doesn't make any money...😉
The economy in 2025 could be pretty interesting! It's always changing, so it's hard to predict exactly what will happen. But I'm sure there will be lots of new opportunities and challenges.
just can't rap my head around how the government can spend the way they do. if that was the average AMERICAN spending the way the government spends we'd be in the poor house
As so often stated in these videos, GDP includes gov't spending. Gov't jobs are the only jobs being created - doge eliminates gov't jobs and excess gov't spending, GDP drops....
I think youre misunderstanding what proponents of Modern Monetary Theory are talking about. MMT is hyper interested in inflation and recognizes that increasing money supply that doesn’t transform into growth will cause inflation unless it is taxed out of the system. MMT just says that a nation with its own fiat currency doesnt need to issue bonds (borrow from public) to print money (which is true) though it may choose to do so. It may also choose to implement tax policies to reclaim printed money (which is its primary tool to fight inflation). It could also borrow interest free directly from its national bank, but doing so requires inflation management considerations. It basically says if the gov is going to print money, it’s primary tool of dealing with that should be taxes to reclaim excesses that do not transform into growth rather than playing with interest rates, and the details of how and who you tax is entirely the real nuance. In a world of growing inequality, for instance, you might choose tax policies targeting the rich with the goal being to reclaim covid and financial crisis printing excesses.
The first global currency was the Real de a Ocho, known as the Spanish dollar, not the Dutch Gilder. Pieces of eight were the world's first global currency. Just to add some remarks to your great content!
That’s fine Mike, my investing strategy accounts for the fact there will be crashes. I am not going to run around like a chicken with my head cut off because there might be a crash which people have been saying since before Covid.
I agree with the analysis to a certain extent, but some additional context is needed. The federal definition of unemployment has evolved, often excluding those who’ve stopped searching or are underemployed in jobs that don’t pay a living wage. This paints an overly rosy picture of "full employment." Since the 1980s, government spending has shifted to disproportionately benefit the wealthiest, eroding consumer spending power. Families that once thrived on a single income now require 2 or more jobs just to meet basic regular needs. This decline in discretionary spending power hurts local businesses that rely on consumer demand. The claim that federal deficit spending is "spending money we don’t have" is also worth clarifying. The federal government, as the issuer of U.S. currency, doesn’t rely on taxes to fund its operations. In fact, federal income taxes didn’t even exist until the 16th Amendment was ratified in 1913. Taxes today primarily manage inflation, redistribute wealth (more often in favor of the wealthiest), and create demand for the dollar by requiring taxes to be paid in dollars. The real issue isn’t the debt itself but whether government spending fosters equitable growth and expands productive capacity. Jerome Powell’s point about needing economic growth to outpace debt is valid. However, for sustainable growth, spending should create jobs offering living wages and restore consumer power to fuel the economy from the ground up.
Jaspreet i suggest a Dave Ramsey effect. Break the budget into investment that creates a return and current spending. Current spending must be paid for with tax income, no debt. Borrow money to pay for things that will increase gdp and taxbase.
What happened to 2017 TCJA? We cut our corporate tax rate significantly, incurring a significant cost to our ever growing debt, and for what? Stock buybacks.
Thank you for sharing such insightful and well-researched content on the economy. Your ability to break down complex financial topics into clear insights is truly commendable. Keep up the amazing work. You’re making a real difference on my knowledge economy 😊
You need to tax businesses and the rich. The ONLY income a government has is taxation. A growing economy is irrelevant if there is not a fair tax system. America doesn't seem able to talk about taxation without it becoming a left/right political issue, and sadly the UK is headed the same direction. Tax the rich properly. Balance the books.
They just piss money down the drain at the end of the day. F em no money to the government. Canada is a great example of government going over budget and not delivering.
Crash or no crash, when everything is pushing ATH, it's time to start trimming some of the fat and increase dry powder. looking at the growth projections of 7-figure portfolio I can't tell where the market is headed, Do i hold on or perhaps I should just sell off assets and avoid the panic?
Diversifying your investments can help you manage risk while aiming for solid returns. It might be a good idea to explore sectors that tend to do well during inflation, like utilities or real estate. Also, seeking the help of a financial advisor could be really beneficial. They can provide you with tailored guidance and help you develop a strategy that aligns with your goals.
This is why I entrusted a fiduciary with my investment decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far
The advisor am currently working with is Laurel Ann Watkins. I came across her in a Bloomberg interview for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look her up.
Thanks for the suggestion! I really needed it. I looked her up on Google and explored her website; she has an impressive background in investments. I've sent her an email, and I hope to hear back from her soon!
From the look of it the figures they seem to be letting people build up there money, then hit us with a higher taxes to knock the debt back. Or simplified paying with debt, until they get that better paying job. Also an increase of access in the market may be a factor
I continue to buy and will reassess at my first retirement. That will give me ten years to put money saved in a more safe “product” to insulate me from the ups and downs. I don’t need to be blindsided by a downturn as I need this money. At this point ABB has had positive results for me. Enjoy your videos as information is broken down and the information tracks with my thinking process.
I casually started to read George Soros Alchemy of fFinance. The fact that it's mentioned "control of inflation by controlling the growth of money supply" brought me directly here again to connect more dots. Also reviewd Ray Dalio's warning for America. Awesome studying for me tonight! Thanks!
Agree- a lot of debt and spending. We need to cut Social Security, Medicare, military spending and increase taxes w/ balanced budget mentality. Politicians should not get a pay check unless they produce a budget annually. Enough with the crap about controlling the weather with a Jewish laser, or pecker grabbing and theatrics. They need to get to work!!
Great content, as always! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
Should people sell rental properties in California or hold? I don’t see it being a smooth sailing told my friend to sell and sit back for the big crash like the hedge funds companies are ?
MMT could work in a textbook reality where all capital is put to productive work, trickling down to generate innovation, quality jobs and thus GDP growth and more tax revenues. The problem with modern economies is that the printed money is not trickling down and get stuck in the top 1-5%, invested in speculative assets instead of productive ones. Why bother with the hassle of funding and managing a company when you can get 20% returns in speculative markets? Even if some money find its way to the pocket of the middle class, the MAG-7(8) stocks act like black holes attracting all investments, so they continue to pile money, but this doesn't help smaller shops create jobs... It's just adding to prices pressure, and thus, act as a virtual tax on the middle class, for the benefits of the capital owners.
10:28 interestingly Dutch Guilder and British Pound both have been World currencies for approximately one century and 2044 U.S. dollar will be World currency for a century
Jaspreet Government spending doesn't function like a household, it seems u subscribe to the Milton Friedman Economics but in reality as long as the economy grows and the inflation is kept in checked, the country can print and spend as much money as the can possibly can with little to no effects at all.
Register for my FREE workshop, Win In A Changing Economy: Wealth Building In 2025 - briefs.co/workshop
WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS!
There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through TH-cam comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!
The shot at Dave Ramsey 😅
Why does the government not go after the debt owed by the wealthy and corporations??
The problem is that government spending isn't going to the intended recipients or wise investments. Instead, it's going towards unnecessary/redundant/irrelevant initiatives and lining the pockets of high-ranking middlemen, other countries, and politicians.
This. Exactly this. Wish he would have touched on this.
Is it really? Have you looked at the allocation of national spending. This comment is a popular sentiment but it’s typically directed at spending that is largely insignificant, like government employee wages or small but helpful programs like Head Start, and not on the actual harmful spending that you probably (unknowingly) voted to support.
I guess that would be considered government liabilities and not Investments
@@TSidez my comment isn't directed at the items you mention. It's directed at stuff such as $1.3B paid to dead people, $3.7M to study monkeys gambling, $250M to the "Feeding our Future" scam that exploited the child nutrition program, over $7B annually for mortgage & rent of government buildings that stand mostly empty, $200M+ granted to independently wealthy musicians, etc.
@@TSidez- in 2022 the federal government spent $119B on education funding (twice the amount spent in 2019), however, there was no significant increase in wages for teachers on the front line who interact with our nation's children daily. To boot, teaching jobs were, in fact, REDUCED! The funds are eaten up by hands in the pot (that shouldn't be there) by time they reach the intended individuals/groups. And, clearly, with the continual plummeting performance of students across the nation, the way that funding is being spent/deployed is not effective.
I love how educational your channel is and the fact that you do not sensationalize or take "sides" with your content. Bravo man!
You didn’t explain that median income has gone up 20% but inflation in many sectors has increased by as much as 50% or more.
He did say it was a crash course. Want the full scoop ? Sign up for his seminar and or check his other videos where he discusses inflation.
8:50 he talks about inflation crisis
They will never admit that inflation is 50%. It is correct though. I remember the prices right before covid. I compare them now and most food products have gone op 50%. So the numbers they are giving us are bull crap.
@@Ekam-Satnothing I buy has increased 50%. Maybe it's more where you live, but the data is the national average.
And wages have been mostly flat since 2000 or so until recently.
36 Trillion in debt. We are all expected to live within our means. Why not the government?
Because we cant print more money or debt like them
Simple, there’s no consequence for them. Warren Buffet gave the solution to this over ten years ago.
Because the national debt really doesn't matter. If it did, America would be dead by now. Most people don't understand the national debt, it is not the same as regular debt. At all.
We need to NATIONALIZE highly profitable, exploitative corporations like TELECOMS, AMAZON, UTILITIES. Then we'll have TRILLIONS A YEAR IN PROFITS to pay off our $36 Tn. debt. It takes the stroke of Trump's pen and paper IOU's (bonds) to the company owners. LOL.
Fck the government, dont pay them anymore.
Protecting your capital is much more important than making money. Basically, because if you lose your capital, making money is much harder. "Missing the train" vs. "losing your money." There are a lot of trains, but if your money is gone, it's over.
Wall Street pitched so-called quality stocks with high profitability and low debt as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year. My $200k portfolio is down by approximately 20%. Any recommendations to scale up my returns on investment?
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
Advisory service is the ideal way to go about investing. I've been in touch with an advisor since 2020 pandemic, only cos I lack depth knowledge and skillset of the mkt. Thankfully, my portfolio has generated nearly $1m after 100s of thousands invested to date.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. Don't want to take any chances.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with "Caroline Suzan Olson" for about five years now, and her performance has been consistently impressive. She's quite known in her field; look her up.
I have an MBA in finance and this guy keeps it 100. Good job of informing people what they really do not understand.
I have an MBA in finance as well and have learned more from FIRE TH-cam channels than I did in my “top 10” MBA program.
@@tylercampbell6058I’m about to get my MBA in marketing let’s go bros
@@tylercampbell6058 I can agree. The class teaches more the corporate uses for finance and specialty of the profession. He gives the the more general and average understanding of economics and finance that does benefits households better than understanding the business side of finance. But if you are working for a firm on Wall Street or just an ordinary local bank, knowing the financial benefits for your own household is really the most important.
I’ve got an MSc in Accounting & Finance and concur.
I have a masters in Golf Course Management and I find everything confusing.
The problem with always be buying is that when the market is at its lowest people are not working therefore they cannot buy. So you’re buying on the way up you’re buying at the peak, but you’re not buying it on the way down or at the very bottom because you’re not working
The market and the economy are not the same thing. There's can be low unemployment in a down market.
A Down market doesn't mean you lost your job. Higher unemployment doesn't mean 100% unemployment. People can be laid off at any point in a high market and may retain their job through any recession.
Sir if you become unemployed of course he’s not expecting you to be buy. He’s taking about if your income has not been affected
The unemployment numbers are lies anyways...mostly new govt jobs, and they are counting part time as full time@@Andrew-it7fb
You are more prone to losing your job in a downwards market
I was in Zimbabwe after it's hyperinflation. Rolling blackouts, long lines for fuel and empty shelves at grocery store. The USD was the currency, after previously being outlawed.
The dollar is going to continue to bleed sadly
So much wasted spending by our government, it’s out of control.
Not to be political but hopefully trump keeps his promise to advise over and reduce our wasted spending
Military and private consumption are worse theough 😊
100% true. I served in the Marine Corps. Often we'd have leftover rounds (bullets) which we were told to use or burry. Even leftover c4 explosives, me being a cigarette smoker was told to go pile it up & burn it (yes it lights with a cigarette lighter & burns away) 😩
@@gwoodlogger4068 I don’t think private consumption is bad if you mean citizens spending money but military is an overspend in this country for sure
Go take a look at the top items that comprise the growing national debt and look at what just surpassed military... Thats the metric that is the big problem because there's really no stopping it.
This video is a game-changer! So much helpful information packed into one clip. I personally don't like promoting anything in comments, but I simply have to share with you a book called The Gilded Nexus of Prosperity, that book changed my approach to money, the methods in that book are impressive
Indeed it is a great book! Btw, you are not promoting. You are dropping a jewel for the community! In the spirit of giving, I will do the same. ! I have a MBA in finance as (Stanford U). After receiving my CFA designation, I was mentored by Ray Dalio (his son is a neighborhood friend from CT). Combining his take on fundamental analysis with my true passion, technical analysis (been studying since 13), has made me the successful investor/trader that I am today. I say that to say this.. OBLG is by far the most technically primed chart that I have seen in 25+ years. IMO this is going to make a similar move to HKD. All
the best to you! Happy New Years!
All this means nothing when the dollar collapses by design. All fiat currencies go to zero.
Great time to move into silver coins and bars, along with gold.
There are advantages and disadvantages to living in a debt based economy.
Dollar is very strong.
@@raybod1775 So strong that it's backed by nothing, not tied to oil anymore and every other non-western country is offloading dollars, treasuries, bonds etc.
VERY STRONG!! ;)
Yes and its actually increasing the speed of the global economic collapse...
Research the EURODOLLAR SYSTEM
If corporations are people, why aren’t they taxes exactly the same as people?
Because when it comes to taxes , their suddenly not people anymore
So what has "growing the economy" meant over the last thirty, forty years? The wealthier become even wealthier still, the average is debased, while working harder, longer, more intelligently so forget that so on a PRODUCTIVITY ADJUSTED BASIS WHERE HAS THE INCREASES GONE TO, THE WORKERS OR CAPITAL? CAPITAL SILLY!
I’m listening to the book The Jungle right now it’s a great book. Not a whole lot has changed in basics.
Gov spending is driving GDP, and 401k contributions help drive the stock markets. Wonder how much run way we have left.....2 centuries....
The markets are not being fueled by 401k contributions.
Raising prices are fueling the markets. Not profit margins but rather overall sales. Things and services are still selling and the increase of costs are fueling higher sales numbers. Margins are overall flat.
Thank you Jaspareet. Not enough people talk about MMT and I've been wondering what people's opinions are about it
The guy on TH-cam called the uneducated economist talks about MMT all the time. That’s what we’re living in now before MMT was QE.
Jaspreet is one of the most inclusive and thorough vloggers about the market I’ve seen. Some of you are assuming he’s missing some key points but he’s already gone over those from other videos.
Good video today, Jaspreet! Thanks.
I’m not a greedy man, i’m not a gambling man, i’m happy with my gains, and i will not invest in unhealthy business principles. For that reason, thanks for the gains 2024 I’m out
Wise decision
I have a slightly different approach. Putting in stop losses on my portfolio to lock in gains and taking some money off the sideline for use in the some highly speculative buys. Scared money doesn't make any money...😉
Unfortunately, your gains are most likely on track with inflation, which makes your gains mute.
The economy in 2025 could be pretty interesting! It's always changing, so it's hard to predict exactly what will happen. But I'm sure there will be lots of new opportunities and challenges.
The more you know the better your decisions. Thanks for some knowledge brother.
Never underestimate XAI401C
The Elite Society's Money Manifestation ebook made me realize so much about attracting wealth, it’s insane
You forgot to show how much personal debt has increased since 2019.
I love how all the sudden all these outlets are saying the word recession 2025… as if we haven’t been in a recession for years now😂
Thank you for this education Jaspreet 🙏🏾
The best video I have seen in a while...I feel like I read a whole book in 15 min of watching this. Keep up the great work!
You are a brilliant educator Jaspreet! Thank you sir.
This made me feel a lot better! Thank you ! Just signed up for your live workshop
People forget the simple concept that the definition of a crash is in fact an unexpected movement when all seemed too great. Brace yourselves.
Very good teaching clip. I knew most of what you said. I am also a numbers guy. I also think we got to get the debt to GDP ratio in better balance.
Hello Jaspreet. I have to work that day. Will there be a replay of the webinar from the 7th? Thank You.
I dont normally sub to youtube channels, but sir you 100% earned it. I love your take and valuation.
OMG, your calls are insane! 10% gains last week. Thinking about XAI62W, SOL, and MATIC now. Thoughts?
Stop spamming these channels. Get a life.
Really great video. Thanks Jaspreet!
Hello, thank you forthe upcoming workshop. I wanted ask, will this be helpful for someone who hasn't a pot to piss in but willing to make changes?
I think LOW UNemployment is not really the case. Low unemployment claims maybe.
just can't rap my head around how the government can spend the way they do. if that was the average AMERICAN spending the way the government spends we'd be in the poor house
To be honest a lot of Americans do spend like that! I'm the only debt free person I know.
Sociopaths don't live in reality
Is government spending including money sending ads to wars going on now?
Not just the poor house. We’d be in jail.
Great video! Well done
Good stuff.
It's called greed and it's seems many are ignoring its effects on capitalism.
As so often stated in these videos, GDP includes gov't spending. Gov't jobs are the only jobs being created - doge eliminates gov't jobs and excess gov't spending, GDP drops....
Good morning Jaspreet thank you for the video
XAI62W and ETH together? Bro, this combo feels unstoppable. 15x is just the start 🚀
Stop.
When housing and car market crash, we start over again. Until then nothing else matters.
Housing will not crash, it’s not 2008. There is a greater demand for housing than supply.
They can’t even keep track of the money they spend no accountability
Excellent content! Thank you!
I think youre misunderstanding what proponents of Modern Monetary Theory are talking about. MMT is hyper interested in inflation and recognizes that increasing money supply that doesn’t transform into growth will cause inflation unless it is taxed out of the system. MMT just says that a nation with its own fiat currency doesnt need to issue bonds (borrow from public) to print money (which is true) though it may choose to do so. It may also choose to implement tax policies to reclaim printed money (which is its primary tool to fight inflation). It could also borrow interest free directly from its national bank, but doing so requires inflation management considerations. It basically says if the gov is going to print money, it’s primary tool of dealing with that should be taxes to reclaim excesses that do not transform into growth rather than playing with interest rates, and the details of how and who you tax is entirely the real nuance. In a world of growing inequality, for instance, you might choose tax policies targeting the rich with the goal being to reclaim covid and financial crisis printing excesses.
Great information 😊
I agree with you about MMT
The first global currency was the Real de a Ocho, known as the Spanish dollar, not the Dutch Gilder. Pieces of eight were the world's first global currency. Just to add some remarks to your great content!
Thank you.. Well explained with a frank opinion ❤👍👌
Where to buy XAI401C pls
Nobody wants to buy your shitty coin.
Smart brother I love your ETF videos thanks for the update
California wasted 22billions on homelessness yet homeless gone up 18%!
it's really crazy how nobody is talking about the book the hidden path to manifesting financial power
Binance infinity ETH bug right now
I just made a video to show that\
XAI401C is for the adults and SOL is for the kids.
Hahahaha
Thank your for your valuable info
Are there any more openings for January 7?
a one minute ad for your own product or service 55 seconds into the video should be considered a tax
People claim there will be a crash every year. It isn’t really predictable.
that what people like you said in 2007
That’s fine Mike, my investing strategy accounts for the fact there will be crashes. I am not going to run around like a chicken with my head cut off because there might be a crash which people have been saying since before Covid.
@@brianh7085 you are an investing genius....good for you
yess bro more content like this pleaaasseee
Thank you Jaspreet!
Things are bad worldwide, I think it would be naive to expect America to escape unscathed when all your trade partners are suffering.
I agree with the analysis to a certain extent, but some additional context is needed. The federal definition of unemployment has evolved, often excluding those who’ve stopped searching or are underemployed in jobs that don’t pay a living wage. This paints an overly rosy picture of "full employment."
Since the 1980s, government spending has shifted to disproportionately benefit the wealthiest, eroding consumer spending power. Families that once thrived on a single income now require 2 or more jobs just to meet basic regular needs. This decline in discretionary spending power hurts local businesses that rely on consumer demand.
The claim that federal deficit spending is "spending money we don’t have" is also worth clarifying. The federal government, as the issuer of U.S. currency, doesn’t rely on taxes to fund its operations. In fact, federal income taxes didn’t even exist until the 16th Amendment was ratified in 1913. Taxes today primarily manage inflation, redistribute wealth (more often in favor of the wealthiest), and create demand for the dollar by requiring taxes to be paid in dollars. The real issue isn’t the debt itself but whether government spending fosters equitable growth and expands productive capacity.
Jerome Powell’s point about needing economic growth to outpace debt is valid. However, for sustainable growth, spending should create jobs offering living wages and restore consumer power to fuel the economy from the ground up.
Always be buying
Alemio cross chain AI combo is what sets it apart for me. Time to join the presale ASAP.
Keep it plain and simple. And hold for the long term. 😊
Jaspreet i suggest a Dave Ramsey effect. Break the budget into investment that creates a return and current spending. Current spending must be paid for with tax income, no debt. Borrow money to pay for things that will increase gdp and taxbase.
We all want trump as POTUS and $XAI401C will go parabolic in 2024-2025.
What happened to 2017 TCJA? We cut our corporate tax rate significantly, incurring a significant cost to our ever growing debt, and for what? Stock buybacks.
Thank you for sharing such insightful and well-researched content on the economy. Your ability to break down complex financial topics into clear insights is truly commendable. Keep up the amazing work. You’re making a real difference on my knowledge economy 😊
I hope so, would love a good firesale in the stock market right now.
There were recession fears in 2023 and 2024... it never ends.
Dave Ramsey comment was gold.
Beard game up on legendary!
Please talk about THE GREAT TAKING!
You need to tax businesses and the rich. The ONLY income a government has is taxation. A growing economy is irrelevant if there is not a fair tax system. America doesn't seem able to talk about taxation without it becoming a left/right political issue, and sadly the UK is headed the same direction. Tax the rich properly. Balance the books.
They just piss money down the drain at the end of the day. F em no money to the government. Canada is a great example of government going over budget and not delivering.
Business taxes will just be passed down to customers in higher prices. We don't need more taxes we need less governmental spending
Taxes will be paid by somebody. Income should not be taxed.
You do realize that there were NO taxes for longer then there HAVE been taxes and the nation ran like a well oiled machine? Taxes are theft.
Yes, because the government will responsibly spend more tax money, unlike the first 3 trillion they collect every year.
Crash or no crash, when everything is pushing ATH, it's time to start trimming some of the fat and increase dry powder. looking at the growth projections of 7-figure portfolio I can't tell where the market is headed, Do i hold on or perhaps I should just sell off assets and avoid the panic?
Diversifying your investments can help you manage risk while aiming for solid returns. It might be a good idea to explore sectors that tend to do well during inflation, like utilities or real estate. Also, seeking the help of a financial advisor could be really beneficial. They can provide you with tailored guidance and help you develop a strategy that aligns with your goals.
This is why I entrusted a fiduciary with my investment decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
The advisor am currently working with is Laurel Ann Watkins. I came across her in a Bloomberg interview for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look her up.
Thanks for the suggestion! I really needed it. I looked her up on Google and explored her website; she has an impressive background in investments. I've sent her an email, and I hope to hear back from her soon!
What happened to GNP Gross National Product?
From the look of it the figures they seem to be letting people build up there money, then hit us with a higher taxes to knock the debt back. Or simplified paying with debt, until they get that better paying job.
Also an increase of access in the market may be a factor
Is this strong economy in the room with us right now?
I continue to buy and will reassess at my first retirement. That will give me ten years to put money saved in a more safe “product” to insulate me from the ups and downs. I don’t need to be blindsided by a downturn as I need this money. At this point ABB has had positive results for me. Enjoy your videos as information is broken down and the information tracks with my thinking process.
Is there any possible insight of what could happen to the economy in case of war?
Ending on that cliffhanger… 😭
Good video. I must have missed my 20% raise, so, I’l be taking that now please.
Thank you so much for your video. Im a newbie and I would like to know how to start investing and not depend only on my salary?
Companies and businesses are hoarding money they're having one employee do two people's jobs. Stocks go up and employment stay low.
I casually started to read George Soros Alchemy of fFinance. The fact that it's mentioned "control of inflation by controlling the growth of money supply" brought me directly here again to connect more dots. Also reviewd Ray Dalio's warning for America. Awesome studying for me tonight! Thanks!
Why you do that?
Just makes it hard to sleep at night.
Agree- a lot of debt and spending. We need to cut Social Security, Medicare, military spending and increase taxes w/ balanced budget mentality. Politicians should not get a pay check unless they produce a budget annually. Enough with the crap about controlling the weather with a Jewish laser, or pecker grabbing and theatrics. They need to get to work!!
Great content, as always! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
Corporations making huge profits = inflation = consumer/taxpayer sapped = recession
Corporations compete and lower costs through efficiency. Federal Reserve creating trillions of dollars with nothing to back it causes inflation.
Should people sell rental properties in California or hold? I don’t see it being a smooth sailing told my friend to sell and sit back for the big crash like the hedge funds companies are ?
Posted 4.30am PST. Is this really an optimized schedule? Maybe you are in EST.
He's from Detroit, I believe
Smh. 🤦♂️
MMT could work in a textbook reality where all capital is put to productive work, trickling down to generate innovation, quality jobs and thus GDP growth and more tax revenues. The problem with modern economies is that the printed money is not trickling down and get stuck in the top 1-5%, invested in speculative assets instead of productive ones. Why bother with the hassle of funding and managing a company when you can get 20% returns in speculative markets? Even if some money find its way to the pocket of the middle class, the MAG-7(8) stocks act like black holes attracting all investments, so they continue to pile money, but this doesn't help smaller shops create jobs... It's just adding to prices pressure, and thus, act as a virtual tax on the middle class, for the benefits of the capital owners.
Well said.
Good morning bell squad! 🥑🌅
🙏🙏
Sat shiri akal bahji🙏@@MinorityMindset
10:28 interestingly Dutch Guilder and British Pound both have been World currencies for approximately one century and 2044 U.S. dollar will be World currency for a century
This is so true!
Jaspreet Government spending doesn't function like a household, it seems u subscribe to the Milton Friedman Economics but in reality as long as the economy grows and the inflation is kept in checked, the country can print and spend as much money as the can possibly can with little to no effects at all.