@@someoneelse9059 I used to believe this as well but then I realized gdp per capita is a terrible measurement of wealth. What's important is what percentage of your income goes to housing and energy bills. Unfortunately it's much easier to make a rich country poor than to make a poor country rich.
“We’ve already spent pretty much about how much money we can afford to spend” Never underestimate Congress. We crossed that bridge at the first stimulus package.
@@jamesmiller5331 elections have consequences Edit: Right wingers are the most wusses on the planet. They do nothing more than complain on twitter while watching their country be destroyed. At least other countries get out and protest. “They” KNOW they can do whatever they want and conservatives will do nothing about it
the hands of the good teachers are tied. The only accountable people are teachers. The crazy progressive teachers have all the power, they are intolerant and idealogs
Are you aware of how school systems are in Europe? I'm from Europe, and I've never been in USA, but I gotta say from what I've seen, it really seems that education is a problem there. What's being taught in USA seems quite "behind" compared to Europe. The standards are so much different
These type of men, very wealthy men, tend to view the economy through the stock market and how their own personal money is doing. Their portfolio basically. Us regular people don't and can't view things that way. Many of us are living check to check and worry about buying food because prices are so high. So he can say the economy is doing fine all he wants but where I'm at no one sees it that way.
You are struggling to buy food because you are not saving anything. Not being able to order Fedora and forced to eat spaghetti is not poverty. it's just ignorance.
@@josefmosa8570 how do you know what he eats for dinner… who orders a Fedora? Everyone thinks Americans are upper class and we wipe with $100 bills. Poor people live in every country… if you understand capitalism there’s always going to be a lower class. You can’t have skinny without a fat body neighbor, or good looking people without ugly for contrast. The more the elite make the more it takes away from the lower class. A lot of people live paycheck to paycheck and it’s always going to be that way. Wealth will never be evenly distributed but life isn’t about money. Success means different things to different people
@@greg6162 Fedora is a company that delivers food. It was not specific food habits that was the point. If you are supposedly struggling. its because you have taken many things for granted. If he is really struggling to eat he would not sit and comment about it on YT he would be trying to survive. I grew up in Iraq born 1996, I can bet my life on this fact. If you don't have food or enough money for basics. you don't sit and comment about it. you go get it. But if you are a retard who thinks food and security is a right you have just because you had it before. then you would sit on YT and complain.
"Upcoming recession" Fam, we're in one now. They changed the definition after the fact while denying it. Stop letting them win by acting like naughty brats.
As recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been sounding off on just how bad they think the next downturn might be - and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement, my goal is to have a portfolio of at least $850k at the age of 60.
@Alexander Webber I'll suggest you create a diversification strategy because building a good financial-portfolio has been more complex since covid. Recently my colleague advised me to hire an advisor, surprisingly I have accrued over $120K under the guidance of my coach during this crash. She figured out Defensive strategies to protect my portfolio and make profit from this roller coaster market.
@@albacus2400BC Having a coach is key in a volatile market, My advisor is “Sharon Louise Count” You can easily look her up, she has years of financial market experience.
@@kaylawood9053 Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
2008 crash home prices went from an average of 250k to 200k. home prices now are over 400k . what happens if they drop to less than 300k? a ton of money (trillions of dollars)was dropped into the market. once value drops we will see a massive recession.
Investing is not for everybody, you just need a strong stomach too see your portfolio go down. It might be wiser for a novice to start with Index investing, but it is not easy. My point is that when investing you need education first. I know there are success stories by keep on doing DCA as well. To invest in growth stocks it is another level, definitely you need to know what are you doing.
After I got screwed in the Tech bubble years ago I've been solely investing in real estate. But with the recent hyper home pricing I've liquidated a few things and have $1M in cash laying around idle. Would love to get your recommendations, I'm in search of something lucrative in the current crazy markets.
@@richardyepesdiego5702 I have my funds well diversified by using trade signals from my investment advisor Karen Marie Emma, a US registered CFA . Highly diversified portfolio, mind blowing earnings and little to no engagement at all on my part.
@@hollandhoff975 This is hilarious, that lady good work has been everywhere. Been seeing a lot of good comments about her on several places. I feel more confident investing with her, I've been on the train for over two weeks now... best Broker for life.
He didn’t answer Tom’s question. Tom wanted to know what industry/sector is gonna be at the top… leading the boom recovery he’s predicting after the recession. Tom was asking where to put money. The guest was probably smart enough to not answer that.
The billionaire has normalcy bias. Most times the economy does come back. But sometimes currencies hyper inflate and economies crash into massive depressions, national conflicts begin and it stays that way for a long time!
And your a conspiracy theorist....people have been saying it's going to crash for 50 years. Could screw around for another 20 years then transition smoothly into a new system for all you know
@@mv3x1 The economists I listen to on TH-cam have been predicting a hyper inflationary event since 2012, not 50 years. You’re grouping me in with someone else’s predictions. Stereotyping is as lame as you can get.
@@mv3x1 I didn’t stereotype the billionaire. He made a very common comment you hear from people who are of the opinion the economy rising and falling is normal as if there could never be a currency collapse and hyperinflation depression. I criticized his position because I believe the US and the EU are currently in the beginning of this kind of economic catastrophe that could last for an extended period of time. If I were you I’d prepare while you still can.
Honest question for the people watching this do you really think millionaires and billionaires care about and want to give us advice on the recession or if there is one? I wish people would stop believing everything on TH-cam that's all I'm saying or any social media
economies do not always come back, Rome had the strongest economy the world has ever seen, where are they now? His lifetime has been the most benevolent period of economic history . . .
I honestly believe Tesla will fall a lot more in the coming months, I will consistently purchase stock with the limited income I have, averaging through the fall and subsequent rise. Future me will thank me or I will lose my money in either case I am still young so a lot of years ahead to recoup.
The minute this guy said people born into slavery he lost all credibility. As a REAL African born and bred in Africa and who has worked and lived in seven African countries and kingdoms, could you please stop appropriating our culture and using the word "African" as your pronoun by calling yourselves "African" Americans. It is insulting to us REAL Africans. And just to be crystal clear, us REAL Africans have no time for "African" Americans. It's interesting that when "African" Americans visit Africa as tourists, they refer to themselves as Americans when we ask them where they come from, but when they go back to America they call themselves "African" Americans. Please stop doing that because it is insulting to us. You are nothing like us. Here in Africa we only have American Embassies. There are no "African" American Embassies. Us REAL Africans do not share your woke culture, your gender confusion and we can define what a women is. We love Jesus Christ and we are not "victims", so stop painting a false picture and deceitful narrative about us. Why would we worship a victorious God, Jesus Christ, who died for us and was raised again in victory defeating death, and then consider ourselves "victims". We have a warrior culture, not a victim culture. Blacks in Africa were some of the biggest slave owners and slave traders. We know our history. Also, when we leave Africa to live in other countries we generally go to ex-colonial countries in Europe which means we are not victims and we like the ex-colonial countries who handed those countries over to us in good working order. The whole world traded in slaves at the time. The Asians, the South Americans, the Hawaiins, the Europens, the Americans, the Caribbean Islanders and the Africans. For some reason you ignorant Americans seem to think that slavery was an American phenomenon. It was a global phenomenon. That's how the global labour market worked. It was a bad system, but that's how it was. It just shows how low the human race will go for greed. Nothing has changed. Human nature is innately sinful. Ironically it was Britain, America and France who sent warships to Africa to stop the ships carrying slaves from leaving port to bring an end to the global slave trade. So for the last time, stop using our name and culture to describe yourselves. You are NOT Africans. We do not share your degenerate culture. You are either African or American, but you cannot be both. I hope this is crystal clear for you now.
Ppl talk about recession too much, as if negative growth impacts ppl at the individual level. They should index on unemployment, inflation, wage growth. Recession is becoming a political term.
Comon now Pat? Are you going to ignore the Ray Epps Jan 6th controversy? You need to check out Tucker Carlson's report post with shorts on Ray Epps. It's compelling!
We’re already in a recession and congress just passed a trillion dollar spending bill, which will further erode the purchasing power of the dollar. What is this guy talking about?
That's how you made your money selling crap. Of course u r going to say no and if it's true then stop selling it and those seminars of 10 thousand dollars on how to get rich fast . I thought u were better then this I was wrong
Lol "congress wont spend anymore money". Well Zelensky is in town and about to ask congress for his xmas gifts. Let me tell you he's probably going to get it .
Of course a billionaire will say he isn’t worried he is speaking from his perspective not middle America or Lower income America
I guess that means do what Andrew Carnagie did.
You're in America, you're already literaly thousands of miles ahead of where he started.
Go travel around some third world countries....
Yes you won the life lottery.
@@someoneelse9059 I used to believe this as well but then I realized gdp per capita is a terrible measurement of wealth. What's important is what percentage of your income goes to housing and energy bills. Unfortunately it's much easier to make a rich country poor than to make a poor country rich.
“Upcoming recession” as we head into day 180ish of the current recession
@@nlabanok re·ces·sion - Generally identified by a fall in GDP in two successive quarters.
Just going by the definition
For real man. We’ve been in a recession in 2022, people don’t understand how much worse it’s going to get.
@@Gnostikos exactly. its such a slap in the face to people going through tough times too
Right and we are having mass layoffs
“We’ve already spent pretty much about how much money we can afford to spend”
Never underestimate Congress. We crossed that bridge at the first stimulus package.
We're looking at a trillion dollar spending bill as we speak. 4,000 pages
@@jamesmiller5331 elections have consequences
Edit: Right wingers are the most wusses on the planet. They do nothing more than complain on twitter while watching their country be destroyed. At least other countries get out and protest. “They” KNOW they can do whatever they want and conservatives will do nothing about it
@@jamesmiller5331 I wish... $1.7 trillion
We want Biden forever
@@jamesmiller5331 what's wrong with government spending
So uni-party billionaire wants more of what got us into this mess in the first place?
The biggest problem we have is the crappy school system.
Too much government spending raising taxes. Unaffordable housing, lack of well paying jobs. Too many rules and laws.
the hands of the good teachers are tied. The only accountable people are teachers. The crazy progressive teachers have all the power, they are intolerant and idealogs
It's become an indoctrination machine.
@Worst Case Scenario interest rates didn't get really low until the 2000s.
Are you aware of how school systems are in Europe?
I'm from Europe, and I've never been in USA, but I gotta say from what I've seen, it really seems that education is a problem there. What's being taught in USA seems quite "behind" compared to Europe. The standards are so much different
Almost all the bipartisan bills passed are terrible for regular Americans and are exclusively good for the rich or the established
He is the rough establishment! Lol
Hey. You. Yes, you. Repeat after me. WE. ARE. ALREADY. IN. A. RECESSION.
There's plenty of metrics that point to a depression really
I’ll save you some time…..he says a whole lot of nothing - skip
Thank you
These type of men, very wealthy men, tend to view the economy through the stock market and how their own personal money is doing. Their portfolio basically. Us regular people don't and can't view things that way. Many of us are living check to check and worry about buying food because prices are so high. So he can say the economy is doing fine all he wants but where I'm at no one sees it that way.
You are struggling to buy food because you are not saving anything. Not being able to order Fedora and forced to eat spaghetti is not poverty. it's just ignorance.
@@josefmosa8570 how do you know what he eats for dinner… who orders a Fedora? Everyone thinks Americans are upper class and we wipe with $100 bills. Poor people live in every country… if you understand capitalism there’s always going to be a lower class. You can’t have skinny without a fat body neighbor, or good looking people without ugly for contrast. The more the elite make the more it takes away from the lower class. A lot of people live paycheck to paycheck and it’s always going to be that way. Wealth will never be evenly distributed but life isn’t about money. Success means different things to different people
@@greg6162 Fedora is a company that delivers food. It was not specific food habits that was the point. If you are supposedly struggling. its because you have taken many things for granted.
If he is really struggling to eat he would not sit and comment about it on YT he would be trying to survive.
I grew up in Iraq born 1996, I can bet my life on this fact.
If you don't have food or enough money for basics. you don't sit and comment about it. you go get it.
But if you are a retard who thinks food and security is a right you have just because you had it before. then you would sit on YT and complain.
Denial is more than just a river in Egypt sir!
😂 😂😂
"Upcoming recession"
Fam, we're in one now. They changed the definition after the fact while denying it. Stop letting them win by acting like naughty brats.
Exactly. They change definitions of anything that makes them look bad.
It never will affect millionaires because they know how money works
Unless money becomes worthless.
We are in a recession. Avoid leverage and raise cash
A day after he said “we can’t spend any more money…” we spent another 1.7 trillion. 😮😅
Say it again
As recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been sounding off on just how bad they think the next downturn might be - and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement, my goal is to have a portfolio of at least $850k at the age of 60.
@Alexander Webber I'll suggest you create a diversification strategy because building a good financial-portfolio has been more complex since covid. Recently my colleague advised me to hire an advisor, surprisingly I have accrued over $120K under the guidance of my coach during this crash. She figured out Defensive strategies to protect my portfolio and make profit from this roller coaster market.
@@kaylawood9053 Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I’m in dire need for one.
@@albacus2400BC Having a coach is key in a volatile market, My advisor is “Sharon Louise Count” You can easily look her up, she has years of financial market experience.
@@kaylawood9053 Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
2008 crash home prices went from an average of 250k to 200k. home prices now are over 400k . what happens if they drop to less than 300k? a ton of money (trillions of dollars)was dropped into the market. once value drops we will see a massive recession.
Investing is not for everybody, you just need a strong stomach too see your portfolio go down. It might be wiser for a novice to start with Index investing, but it is not easy. My point is that when investing you need education first. I know there are success stories by keep on doing DCA as well. To invest in growth stocks it is another level, definitely you need to know what are you doing.
This is phenomenal advice for a new stock traders and investors who want that quick short term game, but don’t see the light at the end of the tunnel.
After I got screwed in the Tech bubble years ago I've been solely investing in real estate. But with the recent hyper home pricing I've liquidated a few things and have $1M in cash laying around idle. Would love to get your recommendations, I'm in search of something lucrative in the current crazy markets.
@@richardyepesdiego5702 I have my funds well diversified by using trade signals from my investment advisor Karen Marie Emma, a US registered CFA . Highly diversified portfolio, mind blowing earnings and little to no engagement at all on my part.
@@hollandhoff975 This is hilarious, that lady good work has been everywhere. Been seeing a lot of good comments about her on several places. I feel more confident investing with her, I've been on the train for over two weeks now... best Broker for life.
@@hollandhoff975 Nice to hear this, do you give her your money or you copy manually?
You are WRONG! Economies don’t ALWAYS come back.
They all come back, but to normal its highly unlikely.
He didn’t answer Tom’s question. Tom wanted to know what industry/sector is gonna be at the top… leading the boom recovery he’s predicting after the recession. Tom was asking where to put money. The guest was probably smart enough to not answer that.
CAN YOU FIX THE VOLUME ON THE OUTRO PLEASE? HOLY FK IT ALWAYS BLOWS MY SPEAKERS
The billionaire has normalcy bias. Most times the economy does come back. But sometimes currencies hyper inflate and economies crash into massive depressions, national conflicts begin and it stays that way for a long time!
And your a conspiracy theorist....people have been saying it's going to crash for 50 years. Could screw around for another 20 years then transition smoothly into a new system for all you know
@@mv3x1 The economists I listen to on TH-cam have been predicting a hyper inflationary event since 2012, not 50 years. You’re grouping me in with someone else’s predictions. Stereotyping is as lame as you can get.
You stereotyped the billionaire thats why i commented
@@mv3x1 I didn’t stereotype the billionaire. He made a very common comment you hear from people who are of the opinion the economy rising and falling is normal as if there could never be a currency collapse and hyperinflation depression. I criticized his position because I believe the US and the EU are currently in the beginning of this kind of economic catastrophe that could last for an extended period of time. If I were you I’d prepare while you still can.
@@amerlibmov Ok fair enough. I am preparing a little, how are you preparing. And im in australia i think we wont be too bad
Where has Danielle been? I’d like to hear her thoughts about our economy
This guy clearly doesn't look at charts, saying 08 will probably be worse than this recession.
Honest question for the people watching this do you really think millionaires and billionaires care about and want to give us advice on the recession or if there is one?
I wish people would stop believing everything on TH-cam that's all I'm saying or any social media
He lost me at slavery.
B/c you're Caucasian
@@morriswatkins5667 so ?
So you understand better because your race is so weak that you were slaves and Africa is a paradise?
“If” we go into recession - I thought according to the data, the economy has already contracted since the middle of the year…
damn, the recession is gonna be crazy
its already been here all year.
@@markcoleman7246 yeah and it's gonna get worse.
economies do not always come back, Rome had the strongest economy the world has ever seen, where are they now? His lifetime has been the most benevolent period of economic history . . .
Upcoming? We've been in recession for a year!
I honestly believe Tesla will fall a lot more in the coming months, I will consistently purchase stock with the limited income I have, averaging through the fall and subsequent rise. Future me will thank me or I will lose my money in either case I am still young so a lot of years ahead to recoup.
“We’ve already spent pretty much about how much money we can afford to spend” .. welp that turned out to not be true already
Rich guy isn’t that worried about the economy/recession. Shocker 😒
We need to strengthen our labor industries in the U.S., that is the true drive of the U.S economy.
Billionaire worried about racism... jfc
The cyclical way is the way of the universe. Everything repeats, including pending recessions
Ya this is what bugs me about everyone saying the market is going to crash, how do you know?
The minute this guy said people born into slavery he lost all credibility.
As a REAL African born and bred in Africa and who has worked and lived in seven African countries and kingdoms, could you please stop appropriating our culture and using the word "African" as your pronoun by calling yourselves "African" Americans. It is insulting to us REAL Africans.
And just to be crystal clear, us REAL Africans have no time for "African" Americans. It's interesting that when "African" Americans visit Africa as tourists, they refer to themselves as Americans when we ask them where they come from, but when they go back to America they call themselves "African" Americans. Please stop doing that because it is insulting to us. You are nothing like us.
Here in Africa we only have American Embassies. There are no "African" American Embassies.
Us REAL Africans do not share your woke culture, your gender confusion and we can define what a women is.
We love Jesus Christ and we are not "victims", so stop painting a false picture and deceitful narrative about us. Why would we worship a victorious God, Jesus Christ, who died for us and was raised again in victory defeating death, and then consider ourselves "victims".
We have a warrior culture, not a victim culture.
Blacks in Africa were some of the biggest slave owners and slave traders. We know our history. Also, when we leave Africa to live in other countries we generally go to ex-colonial countries in Europe which means we are not victims and we like the ex-colonial countries who handed those countries over to us in good working order.
The whole world traded in slaves at the time. The Asians, the South Americans, the Hawaiins, the Europens, the Americans, the Caribbean Islanders and the Africans. For some reason you ignorant Americans seem to think that slavery was an American phenomenon. It was a global phenomenon. That's how the global labour market worked. It was a bad system, but that's how it was. It just shows how low the human race will go for greed. Nothing has changed. Human nature is innately sinful.
Ironically it was Britain, America and France who sent warships to Africa to stop the ships carrying slaves from leaving port to bring an end to the global slave trade.
So for the last time, stop using our name and culture to describe yourselves. You are NOT Africans. We do not share your degenerate culture. You are either African or American, but you cannot be both. I hope this is crystal clear for you now.
*_If You Know This, You Will Succeed Whatsoever_*
“Failure will never overtake me if my determination to succeed is strong enough.” - Og Mandino
Ppl talk about recession too much, as if negative growth impacts ppl at the individual level. They should index on unemployment, inflation, wage growth. Recession is becoming a political term.
I thought I had to get ready for the recession months ago PBD! I am so tired of these scam guesses of the speculating class populating TH-cam.
Can you make Visors in the "Future Looks Bright" hats?
*the* Future looks bright… literally hate this ad. Enough already
The future looks bright if you're a multi millionaire lul...
Comon now Pat? Are you going to ignore the Ray Epps Jan 6th controversy?
You need to check out Tucker Carlson's report post with shorts on Ray Epps.
It's compelling!
PDB :- What's Gonna Happen in 2023?
This Man :- I Don't Know.
PDB :- OK 🗿
This Man :- Ok 🗿
We’re already in a recession and congress just passed a trillion dollar spending bill, which will further erode the purchasing power of the dollar. What is this guy talking about?
He said ,Im clueless about the current economy.
Damn. 3:55
Born into poverty, and they're never going to escape
Billionaire disconnected from the facts
Of course the millionaire isn't worried. He has plenty to make it thru but people like me, who only make about $60,000 a year, WE ARE FUCKED.
Why is a multimillionaire selling us hats 😂
Don’t make me laugh! It’s all by design
There will be no reception. Nobody ever told us about the 2008 crash.it’s always the opposite.
These guys are clueless about the average person out here
Time to get rich
Not sure I want to watch the whole potcast of this guy!
Adam is awesome you people
Adam is awesome you people
Adam is awesome you people
You can tell this guys is a big time Democrat donor
PBD for GOV 🇺🇸🇺🇸🇺🇸
Do the hats fit big heads?
SPY is close to 450. What recession are you talking about?
It doesn't exist. It never did.
You don’t have the hat on blue tho pat lol😂
He’s right parties are too tribal
Excellent guest! Keep them coming.
Upcoming????
They wanted him to blame Biden so badly lol😂
So he thinks “the legacy of slavery” is a major problem?
The Future Looks Bright Hat stint at the end is always major cringe
Pls interview the Muslim skeptic.
So many bot accounts in the comments 🙄🤢
Upcoming? 😆. It's been a recession since November of LAST year.
#FutureLooksBright
Man...this guy it's in denial or he wants to keep quiet
I don’t know if our economy is growing. I highly doubt this is accurate, Mr Rubenstein
It's all theater.
Disingenuous clip...
Glad to know American Billionaire's still haven't changed
Patrick did not like his answer
Apparently billionaires don’t know shit either.
DC has more jokers than heroes!
You can thank capitalism.
This guy is low key woke. I don’t trust his thinking.
This guy is clueless
i infact do know whats going to happen in 2023, the sun will rise and set every day and the sky will not fall in...
WTF are you talking about upcoming were already in one.
One of the first videos that was a waste!
22 T gdp. Yeah aand we are approaching 40 T in debt. Im not impressed with this man
"aside from the racial problems, the legacy of slavery.." yeah no kidding
That's how you made your money selling crap. Of course u r going to say no and if it's true then stop selling it and those seminars of 10 thousand dollars on how to get rich fast . I thought u were better then this I was wrong
Pat. Love the show and your personality. Please stop with the shtick on the “future looks bright “. Just seems petty.
That guy sounded very woke.. is he a real billionaire or a lefty billionaire
That was a worthless 5 min
Legacy of slavery?
Lol "congress wont spend anymore money". Well Zelensky is in town and about to ask congress for his xmas gifts. Let me tell you he's probably going to get it .
What a waste of 5 minutes
Ha pat if times get tough who is going to buy your hats or as I say crap
This guy is out of touch.
Ppl really vote liberal still ... unbelievable
💯
typischer großkotziger ami ^^
Ummmm.....go Biden....probably not
🤡🤡🤡’S