The Money Printing Won't End, History Predicts | Simon Black On Inflation & Currency Collapse (PT1)
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- เผยแพร่เมื่อ 9 ก.ย. 2021
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They say those who do not understand the lessons of history are condemned to repeat them.
This is not the first time that authorities have intentionally devalued currency in order to stimulate economic growth, or curtailed personal liberties in the name of public safety.
The world's central banks -- the Federal Reserve, the ECB, the BoJ and the PBoC -- are all expanding their money supply through inflation & deficit spending. They are fast approaching the point where their only available option to service the expanding pile of debt is to keep printing ever more, ever faster.
What does history suggest will be the outcome from these efforts? And what implications will they have for those looking to preserve their wealth?
To tackle these questions, we sit down with entrepreneur, investor, world traveler and scholar of history James Hickman to the program. Under the pen name Simon Black, he is the founder of SovereignMan.com, which seeks to help investors around the globe achieve true freedom & prosperity.
You can visit his website here: www.sovereignman.com/
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There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?
Let us help you prepare your portfolio just in case the future brings one or more of the following: inflation, deflation, a bull market, a bear market, a market correction, a stock market crash, a real estate bubble, a real estate crash, an economic boom, a recession, a depression, or another global financial crisis.
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#inflation #stocks #money
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IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.
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Once AGAIN, for the the umpteenth time. I have SUBSCRIBED, but it wont let me tick the "BELL"
So I get no notifications.
So I have missed (and therefore not watched any of tyour videos for the last week or so)
Any reason you are not answering me?????
Every time I click the BELL, despite being subscribed, it defaults to "None" away from ALL or Personalised.
The wealth of information on this channel is unmissable.
People forget what happened to Italy under Mussolini. 10 billion lira for a coffee
The best way to rob a bank is to own one.
I really enjoyed this conversation! The thing is, what can we actually do about it, our government won't listen to us at all, you can call write and what does that get you? Nothing, nothing, nothing! They have so many military options to put down an uprising that they can quash one nowadays in literally that, just days. :(
Remember that the military is made up of people like you and me. They are trained to follow orders, yes, but they have consciences too.
A bottle of coke was a nickel, as were candy bars (unless they were penny candy).
I was born in 1950, and everybody carried around pockets full of silver.
Twenty years from now??? LOL! I THANK GOD I won't be around to see it.
I got to live in America at its GREATEST, and there is NO GOING BACK now.
Wonk wonk! "Currency Printing Won't End" !! Hope Mike Maloney doesn't see the title, lol. Thanks for your videos!
what is the best way to make money from investing?
I don't trade, I invest with a professional assigned by a crypto company that trades for us and returns profits weekly for me and you can invest your capital and get weekly Returns of investment (ROI) without any extra fees attached
The professional is Mrs. Marley Rose
I think the best way is to invest with a professional, at least it saves the trauma of too many losses
This just surprised me because I also invest with Marley Rose.
@@drnickcage1225 Wow! I made a lot of money last year trading with Marley Rose.
Adam, you asked the perfect question, but he gave a very weak long winded babbling non-answer about long term investing. You asked what should those in cash do since they feel the moment they jump in the market, it crashes. He should have simply said that he has no idea. He talked about "long term investing" ..... maybe he didn't realize that the question was from people who might not have the long term to wait for the market to come back. If you are 35, you have energy to continue working and investing while waiting, but if you are 50, 55, 60? It is an excellent question ..... too bad he didn't give your most important question a good answer. That is such a perfect question, all your guest should be asked that question. It is on the mind of a lot of people.
The only answer is to suffer on the sidelines .. wait for the big sell offs .. wait more till there’s a clear “v” shape forming at the bottom of the chart and then buy
Thanks a lot!
Outstanding content! Well done. James is one of the sharpest and most insightful people I’ve heard speak about economic & financial conditions we are facing today. Thank you for having him on!
The mandatory Mandatory growth of the Military Industrial Complex by both parties is the problem. Also the tax laws have allowed billions & billions of income go overseas. We are now a full blown. Oligarchy.
Thanks for that link - M2 velocity has fallen from 2.2 to 1.1 since 2000. The Pento article makes perfect sense! We shall see what happens! Interesting times - as they say.
Very learned speaker.
I tell you, last week's Cockroach portfolio looks like a smart choice more and more.
Where was this mentioned? I’m drinking from a firehouse and can’t keep up!!!!
@@michaellavazza960 This Chanel's interview with Dylan Grice.
@@michaellavazza960 During Dylan Grice interview last week.
Great video 📹
Game over thank you for playing
A lot of new all time records have been set on the way to the next one. Its kind of axiomatic. That doesn't mean a crash is not around the corner or more new all time highs.
Adam, please have some guests of India and China origin - Like Aswath Damodaran from Stern School of Management, NY
And all this time, I thought his name was actually Simon Black!
Is it not any one distortion in the economy, but it will be the confluence of these distortions working in concert along with the political dysfunction which will bring about an unexpected result.
Superb guest. Great find with his critically objective mind of insights and historical perspectives
DOW to 100,000 and a loaf of bread will be $750.00
Everything depends on how severe the snow ball effect and consequence that are being added to this post 9-11 + covid + Afghanistan War world we live in. And speed is the key. Urgency is the door. And what’s behind the door is the right question.
You have to invest to counter inflation. What I don't agree is stressing about it. Keep it simple invest, monitor your investing and enjoy life.
Buying High Yield to keep up With Inflation! (4%+)
Can you make an episode focused on Europe?
Lots of speculation here. It's notoriously difficult to predict anything 20 years out.
You print currency, you can't print money. Right?
If currency devaluation won't end, I guess I'll carry on with my home purchase.....No point holding something that's depreciating in purchasing power
Our economy will collapse way before the average house sells for 15 million.
Find the reference to what a house "might" cost in 30 yrs [trying to predict the future is a fools game], is so meaningless if you dont throw in what the median wage is. When I was buying a house 30 yrs ago, the advice was - dont buy anything that is selling at more than 3x your annual wage. And most people could do that. Even if you were barely on the average wage, you could find a decent little home within that margin. You could do it up, save, and move on to something better. But now, try finding a home that lines up with that principle? You cant. So, it's income and availability along with the house price that give a better idea. {should add, I was in Australia. I suspect that it was universal across the AngloWestern world though}
If money printing is cancer, we are at stage 4.
Well snap benefits were increased 25% to address inflation.
I predict that S.S will not get a 25% increase for inflation.
Buying stocks at the top? @$19:15
I see a lot of people buying coastal (vacation/retirement) property, as a second house.
Might work out. Don't know.
***
Re: "Putting food on the table"
Government is on that.
HHS recently increased Food Stamp program by 25%.
That is probably effective Sept 1
You better know how to sail from PR know what I mean ?
Once AGAIN, for the the umpteenth time. I have SUBSCRIBED, but it wont let me tick the "BELL"
So I get no notifications.
So I have missed (and therefore not watched any of tyour videos for the last week or so)
Any reason you are not answering me?????
Why is it that some knowledgeable guys, like van Metre and Jeffrey Snider, tell us that QE is deflationary, when so many others on this channel, say it s pure inflation ?
I can t make my mind…
Can kicking down the road hidi ho that’s the way it goes
You lost me on the $15m/house argument. There is no path to that outside massive increases to wages which aren't coming.
My house in 1975 sold for $21,000, it is currently worth $350,000. That is 4 doublings. I'd say Simon is roughly 46 years old so for his daughter to be his age would be roughly the same as that 4 doublings. That makes $5.6M for my 3 bedroom ranch assuming same rate of inflation/monetary debasement. Looking at history these things tend to accelerate the longer they last and even more in high debt times, so 50 years from now $15M houses are not just possible, they are probable. Unless the regime shifts and rates normalize but that includes the US ceasing to exist.
@@MrReconjon and what did rates do from the 1970s until today? 80% of price appreciation is rate related.
@@Rethanos Germany and others already have negative rates, also do you really think the government won't come in with a down-payment cash transfer type shenanigan? My bet is if we even use usd in 50 years that there would be houses in the many billions and normal houses in 7-100 million but we can speculate all we want, there is no top to the price of assets because there is no bottom to the debasement of fiat.
@@MrReconjon I mean think whatever you will. We're headed for a deflationary collapse, question isn't when, its how bad are they willing to make it by delaying. You can't compare a non-world reserve, if they could go negative, they already would have. What you're referencing is inflation, which is correct, homes always revert to their inflation adjusted index (Case Shiller Nobel Prize). The next steps are likely melt up, deflationary collapse, hyperinflation of goods (not debt serviced "asset") and a move to CBDC at which point rates might go negative.
In the Philippines, houses are 15 million pesos. That equates to 300k dollar house. It is just a number relative to other things in the end. Some countries wouldn't price houses or land in local currency (Argentina), but the Philippines still does (I think) because foreigners aren't allowed to buy houses or land. Foreigners are only allowed to own condos. 15 million, never say never, it is just a number relative to other things. What if gold goes to 25000 or 50000 for an oz? Just food for thought, would home prices adjust to gold prices or would gold be the only asset to go up?
Interesting but not original. I would say that Simon was channeling Anthony Deden (check out Grant Williams interview of AD on TH-cam).
The new money changers are the same as the old money changers for how many 100s of years ???????dips know them !!
Smart man!! Look long term and don’t get emotional
15 million for a house only happens if the dollar doesn't collapse.
I don't understand, you say the government is creating money, and you also say the government is borrowing money can't be both please would someone explain, in my understanding they can print and repay all the debt.
Rational person
Secure Quality Good sources not bill gates type stuff.
Keep something in Gold US fed owns gold too .
Only good tech stocks like Microsoft, healthcare companies like siemens healthcare , US health
Headed for systemic failure and mass depopulation
Not hard to figure out their plan for #2
You have a crew of blatant scammers in ur thread
crack up boom anyone ?
14th
FU tube doesn't have to censor you if you censor yourself
This man makes the mistake of referring to Social Security as an “entitlement”. It is not- is is an insurance system paid by a separate tax and has never been funded from general revenue and does not contribute to the deficit. It is only debt as any other debt instrument of the government like Treasuries.
Social Security is earned by contributing long enough to earn enough points to qualify and the Social Security tax - paid in part by you and in part by your employer - is a premium.
It's a defunct ponzi scheme that the US gov uses to increase demand for domestic national bonds so they can continue monetizing debt. Just like a pension you pay in and you are "entitled" to a payment from said defunct system. When that system is ran as a by definition ponzi and goes defunct what are we "entitled" to? What were the investors in Charles Ponzi entitled to? Just because the ponzi is ran by a tax collector doesn't make your money that they ran out of come back. It's no different than any other bad investment, the only difference is that people with guns demand under punishment that you give your earnings to their ponzi. You have no recourse. Likely that the government will find new ways to steal elsewhere so they can save face but we are far from entitled what they steal and will end up worse off as a whole for having gotten it.
@@MrReconjon it's a ponzi old politicians came up with to enrich themselves and friends and get votes... All at the cost of younger generations
@@MrReconjon It is not defunct and is not a Ponzi scheme. It is a major creditor to the United States Government and is solvent by honest accounting.
@@realbigugly No, it is an insurance system that has served hundreds of millions of Americans well. Prior to the establishment of Social Security the most impoverished group in the US were the elderly. Since that time it has been reduced significantly. It was never intended to be the entire retirement, just one leg of a chair along with your pension, investments and savings.
@@DavGreg it pays out more than it takes in correct? It's sole asset is the debt of the government that pays it out correct? It relies on new "investors" to pay obligations correct? That is a ponzi by definition.
Adam thanks a ton for posting these interviews 🙌
You're very welcome! Am pleased to hear you're finding them of value :)
Adam, your channel would be much better if you would shorten you questions….
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The reality of the rich and the poor is this: the rich invest their money and spend what is left. The poor spend their money and invest what is left
Crypto is the new gold
@ciara wench that's why you need the help of a professional who trade and understand the market more to earn good income, these professionals understand the market like it's there own farm and make s maximum profit for investors.
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He has really made a good name for himself
Your entire podcast is fraught with error being mostly based upon your initial false premise which is the use of the misnomer - "printing money". We do not "print money" in order to meet federal expenditures when there are insufficient funds available form our now almost totally defunct federal income tax system but instead we electronically generate we the people's monies in order to meet federal expenditures, as in monetizing or easing as in quantitative easing which is the process involving we the people purchasing our federal securities, our federal bonds from ourselves in order to meet said federal income tax shortage and again, we purchase these bonds with we the people's electronically generated monies. Think of the word 'circuitous", as in circular logic and this ridiculous cycle must end. This means we the people will have to get out of the banking business altogether, in my opinion. Further scrutiny leads to the inescapable line of reasoning that states that the federal deficit becomes irrelevant which means that we do not actually have a national debt but rather we have a pretend national debt which means that eventually we the people will have to accept the reality of there being no federal income tax monies going into our United States Treasury, only we the people's electronically generated monies going out.