The recession is here, where do investors look at for wealth gains now? mortgage rates still on the rise with higher imports and lower exports, yet the Fed is to lessen cost. Something will eventually break if they keep raising interests and quantitative tightening.
if you want to hold on to cash, put it in a safe deposit box, if you want assets, buy things people need in a shtf society, food, ammo, wood, water filters, tools, have a skill at building and fixing
During a recession, the tech sector is likely to underperform given the current global circumstances, while defense stocks are expected to perform well. However, always conduct your own research or consult a qualified advisor before making any investment decisions.
Agreed, I've always delegated my excesses to a pro, ever since suffering portfolio steep-down amid covid-19 outbreak. As of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments, and only work 7.5 hours a week.
truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
My CFA ’ Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I think George is one of the best educators out there. I love watching his videos explaining complex financial issues. It just turns out nothing he predicts ever happens...so far.
This is the first man I have heard accurately observe that the recession hits not when the yield curve is inverted but later when it returns to the normal positive slope.
This guy's an idiot; $36 Trillion is a debt crisis. Did this guy get out of high school? In 2025 we will pay more than a Trillion dollars to service the interest on the debt. That's a crisis. That's a trillion that can't be used for defense, roads and bridges or if you prefer; liberal causes. $1 trillion on the debt is major crisis. He says because the government keeps spending like crazy; it means there is no debt crisis; his logic is that if we had a debt crisis then the government would be concerned and spend less. Well he's wrong. Our politicians are wreckless and just fight for their cities, towns and villages to get as much money as possible and very few politicians are smart enough to understand that they are ruining our current living standard and the future for our kids. $36 trillion in debt is the main cause of the horrible inflation
Coming out of facing alot, I knew two things about the stock market: It caused the Great Depression, and the fastest way to make a million on the markets was to start with two million. And then the Great Recession happened only a few years later. So yeah, I wish someone had better explained it to me earlier in life. Having a good entry and exit strategy will make you succeed in the stock market.
The truth is that people are finally waking up to the fact that our systems are breaking down in thousands of different ways all around us. Personally, the financial market seems like the only way to go with my long-term horizon (accumulated about £557,000 in earnings since May 2021), but if you don't have that time luck, it's a tough market out there down almost nowhere feels safe!
Yes, a Fidelity financial advisor named Melissa Terri Swayne" put an end to my fears about investing, and after making more investments, I was able to reach the high six-figure mark in less than 3 years. A licensing advisor satisfies the necessary security criteria; hence, reimbursement is guaranteed if I'm dissatisfied with the service, so I'm much better off hiring one.
That is in Fiat currency ... Do you believe there will be value left in Fiat currencies after the next round of QE which may well run into Double digit trillions and if derivatives get triggered might as well reach triple @@rudeawakening3833
He's always said curve inversion is the warning of something coming, but the recession signal isn't until the curve uninverts where you expect shtf in the next 6-24 months. We didn't uninvert until this year.
Jeremy is definitely someone I would love to hang out with off camera. Like an old school newscaster but one who participates in the metascript for a living, but destroys its sanctity with a single glance for those with a keen eye.
I stopped watching George after his gold video 12 months ago saying it will be the same price at the end of 2024 and it was at the end of 2023. You really need to question where he gets his research from.
Unfortunately we will increase our debt by 4.5 Trillion dollars this coming year. But it sounds great for the one percent. Definitely The Gold & Silver investment will go Higher ❤
Why don't these deregulation enthusiasts ever mention that most of these evil rules and regulations are there for good reasons? For example to protect what needs protection: children, the elderly, nature, patients..
Why do they act delusional when they talk about government spending cuts???? Most of its spending is coming from social security, Medicare with Medicaid and defense spending. Unless you are cutting those substantially, all this optimism is complete nonsense. And they know it, but still bsing.
same old shit. Reduce regulations and growth will skyrocket. I can't start a business because I can't afford health care for myself or my employees. I simply can't compete with large monoliths. These fuckers should be talking about anti-trust and level playing field. Govt has a role to play. Govt is not the problem.
He doesn’t think we have a debt problem? I’m pretty sure the 36.03 trillion $ of US debt would beg to differ. This guy is full of hot air. Just likes to hear himself talk and seem intelligent.
George…. You’re overthinking it. Consumer debt and national debt more than we can handle. If you’re right then let’s increase social security benefits.
Love George. Only correction would be when he said "What is going to be the pin to pop that bubble." I'd rephrase it "What's going to be the (metaphorical ) pin of the (metaphorical) hand granade (sp) being pulled that (metaphorically) bloes up the howse" ( pardon the utube anti-cenzer insertions and mis-spellingz )
Thanks, I'm not going to finish listening to the man in this video after reading your post. Is The Lord advising to buy, sell or hold US equities currently?
Austin do you think anyone would’ve predicted a historic stimulus package as the global economy was cratering in 2018/2019? Obviously you can’t have that expectation, all I know that these markets will crater even harder with all the artificial money introduced in the mean time without the fundamentals to sustain it.
ok bro i'll go thru the trouble: they initiated an inflationary-boom economy since '72, guised as 'keynesian', with a known inevitable bust timed to peak oil crisis. the inflationary-boom implies asset-bubbles in stocks, real estate, and debt which eventually overburden the system and push it down into bust phase. now largest bust in history. the 'keynesian' system demanded perpetual growth to keep it going, but now that that's over, the system is near it's end, so 'reset'. ... Now, the fed guv is the largest employer in the USA, and the misleading economic statistics rely on it's deficit spending to keep gdp afloat. if/when DOGE gets in there and 'we revert to small government', the primary force driving the false economy right now will go away. it initiates a death-spiral. tariffs also only accelerate that. ... not only a death-spiral, but like gromen said would impair ability to pay down debt -- you cant put the cart before the horse, before trump can initiate restructuring, he's got to revalue and monetize the gold reserves, to affect a one-time hyper-inflationary debt jubilee and start over. also, it's a global debt problem, the central banks have been prepping for it , it will be a global debt jubilee (saving china, for example, and giving them impetus to start THEIR own national economic restructuring that , oh, is conveniently timed in sync with our own...) ... how can you honestly say debt doesnt matter? smaller guv can't pay down ever-growing debt in a failing economy made worse wtih tariffs (cpi up big time,) and mass-layoffs ... i mean it is all so glaringly obvious how can I NOT suspect satanic disinfo, like the majority of the dudes here and in these youtube circuits.
He lives in Medellin? Colombia charges a global income tax and a global asset tax. If that is not enough taxation, then try out renta presuntiva. No one with even a little wealth can live in Colombia more than 180 days. He does not live in Medellin.
After over forty years in stockbroking, merchant banking, investment management, and commodity trading, i have to say George is one of my favourite commentators. Very sound and impressive.
Glad you been warning everyone George for a while now so they can be preparing. You always did say it usually hits a few months after the cuts of interest rates that we will see it hit the fan. We’ll see now if you’re right soon
Difference now, much larger debt to GDP ratio, free trade, solid geo political partners. An economy at the tail end of the cycle. But George really needs to explain how we get a civil war due to transgender issue as he stated in a video
Market highs can sometimes be followed by corrections, but predicting the timing and extent of it is challenging. I've heard some analysts talk about a 'massive' correction. It makes me wonder if it's time to adjust my $2M portfolios or maybe even consider some defensive investments.
Consider diversifying your p0rtfolio with a mix of stocks and stable assets. Seeking expert advice now could provide valuable insights and strategies to navigate market uncertainties and protect your investments.
The truth is that people are finally waking up to the fact that our systems are breaking down in thousands of different ways all around us. Personally, the financial market seems like the only way to go with my long-term horizon (accumulated about £557,000 in earnings since May 2021), but if you don't have that time luck, it's a tough market out there down almost nowhere feels safe!
*Victoria Louisa Saylor* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Correct. But the government has distorted the economy by the spending...as soon as they stop the recession will start...it's a crime how they devalue our currency
Your guest rambles on and on and many things are not adding up. Of course we all worry about the debt. Even if governments stopped spending now, the debt load is huge.
No problem with US debt? Who is buying the debt. Primary dealers are buying the debt with money created out of thin air. Debt and spending are connected. Stop trying to screw our minds and stupidise us.
He’s right. We don’t have a debt problem as long as we are the world reserve currency. That’s the part he didn’t say. He’s saying in the current state of things. If we lose that status, even George would admit it’s a problem.
@@SwizzlerSniper9990 US is abusing its reserve currency status by having a ponzi debt/asset/reserve system. The only way for other countries to do is not to be in the same game as they cannot print reserve currency which US could. US has a problem as the others will not want to play in that playground.
@@SwizzlerSniper9990 Wow … Too many people with P/hd’s in world economics would disagree greatly with you … No disrespect . But over 36 trillion in debt IS A HUGE PROBLEM .
@@rudeawakening3833phD does not equate with knowing anything about the Eurodollar system and the current state of the world banking system. It’s ok. You don’t have to agree with me. But most people are wrong on this subject as George knows all too well. Most people think finances on the world banking stage is the same as finances on the average persons level, ie their own budget. That’s a big mistake.
Cayman is buying bonds getting about 1% more..maybe 2%. Cayman has its own currency as well. I doubt it if it's worth it to take a currency risk and administration risk and inflation risk for those small margins. Basically playing another form of the Japan carry trade
If there's anyone who embodies making their mind up first... and then willfully and blindly clinging to their confirmation bias... it's George. He's been a broken record all year talking about a bull steepener and the inverted yield curve... while we've actually had a bear steepening since the Fed cut and uninversion. But GG steadfastly refuses to see that. He's kind fo pathetic actually. Rich, but pathetic.
The points about rate cuts triggering crashes and eventual disinflation are eye-opening. It’s making me rethink my investment strategy. While I’m diversified in stocks, I’ve also been increasing my exposure to Bitcoin, given its resilience during economic uncertainty. Do you think Bitcoin's rise could act as a hedge in this turbulent environment, or should I focus more on commodities like gold?
As smart as George is he still a human with his own Bias.. He just said is it cheap or expensive? And then recommends Gold basically at its All time highs off a huge 50% plus year
AI stocks will dominate 2024 and 2025. Why I prefer NorvenAI is that they are better placed to maintain long term growth potential, and provide a platform for other AI companies. I know someone who has made more than 200% from NorvenAI. I'll also take these other recommendations you made.
The recession is here, where do investors look at for wealth gains now? mortgage rates still on the rise with higher imports and lower exports, yet the Fed is to lessen cost. Something will eventually break if they keep raising interests and quantitative tightening.
if you want to hold on to cash, put it in a safe deposit box, if you want assets, buy things people need in a shtf society, food, ammo, wood, water filters, tools, have a skill at building and fixing
During a recession, the tech sector is likely to underperform given the current global circumstances, while defense stocks are expected to perform well. However, always conduct your own research or consult a qualified advisor before making any investment decisions.
Agreed, I've always delegated my excesses to a pro, ever since suffering portfolio steep-down amid covid-19 outbreak. As of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments, and only work 7.5 hours a week.
truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
My CFA ’ Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I love how George is not only about the free market, he is about freedom in general and not afraid to speak his mind
I think George is one of the best educators out there. I love watching his videos explaining complex financial issues. It just turns out nothing he predicts ever happens...so far.
George is getting better and sharper ! ! Bravo.
Just because rates get cut it doesn't mean that the Banks will be lending to the real economy.
One of George's better interviews
Another excellent analysis by George Gammon.
This is the first man I have heard accurately observe that the recession hits not when the yield curve is inverted but later when it returns to the normal positive slope.
Seriously? It's been discussed in depth for the last 6 months. BTW the curve is going back to inverted...
No, we have a debt problem and it isn't the spending. Derivatives debt alone is 193 trillion.
The system IS leverage, we cannot change that.
George a great interview, you got to the point current problems
This guy's an idiot; $36 Trillion is a debt crisis. Did this guy get out of high school? In 2025 we will pay more than a Trillion dollars to service the interest on the debt. That's a crisis. That's a trillion that can't be used for defense, roads and bridges or if you prefer; liberal causes. $1 trillion on the debt is major crisis. He says because the government keeps spending like crazy; it means there is no debt crisis; his logic is that if we had a debt crisis then the government would be concerned and spend less. Well he's wrong. Our politicians are wreckless and just fight for their cities, towns and villages to get as much money as possible and very few politicians are smart enough to understand that they are ruining our current living standard and the future for our kids. $36 trillion in debt is the main cause of the horrible inflation
Coming out of facing alot, I knew two things about the stock market: It caused the Great Depression, and the fastest way to make a million on the markets was to start with two million. And then the Great Recession happened only a few years later. So yeah, I wish someone had better explained it to me earlier in life. Having a good entry and exit strategy will make you succeed in the stock market.
The truth is that people are finally waking up to the fact that our systems are breaking down in thousands of different ways all around us. Personally, the financial market seems like the only way to go with my long-term horizon (accumulated about £557,000 in earnings since May 2021), but if you don't have that time luck, it's a tough market out there down almost nowhere feels safe!
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?
Yes, a Fidelity financial advisor named Melissa Terri Swayne" put an end to my fears about investing, and after making more investments, I was able to reach the high six-figure mark in less than 3 years. A licensing advisor satisfies the necessary security criteria; hence, reimbursement is guaranteed if I'm dissatisfied with the service, so I'm much better off hiring one.
Scammer comment thread ⬆️
Price miners in Gold. You will find it’s down 95% compared to physical gold. Buy Gold
Do your homework .
In a PM bull run - stocks in the miners OUTPERFORM .
That is in Fiat currency ... Do you believe there will be value left in Fiat currencies after the next round of QE which may well run into Double digit trillions and if derivatives get triggered might as well reach triple @@rudeawakening3833
Isn't George Gammon predicting recession since 2018 every year? :D
@@Iksperial actually he hasn't
Yeah he’s lost his touch he’s been wrong on pretty much all his whiteboard videos
He's always said curve inversion is the warning of something coming, but the recession signal isn't until the curve uninverts where you expect shtf in the next 6-24 months. We didn't uninvert until this year.
yes, a great way to not make money
Used to be great but lost his way since joining the black left eye club
I agree with the other comments that George was at his best in this video!
Great job George, you communicated your ideas really clearly across the future timeline.
Jeremy is definitely someone I would love to hang out with off camera. Like an old school newscaster but one who participates in the metascript for a living, but destroys its sanctity with a single glance for those with a keen eye.
We have a perfect mix, it seems, for dire social problems to erupt. Everything is in a mess
Well done gentlemen. Excellent info👌
I stopped watching George after his gold video 12 months ago saying it will be the same price at the end of 2024 and it was at the end of 2023. You really need to question where he gets his research from.
End of 2024 isn't here yet, so it's hard to say.
Unfortunately we will increase our debt by 4.5 Trillion dollars this coming year. But it sounds great for the one percent. Definitely
The Gold & Silver investment will go
Higher ❤
Perhaps put a bet in
Like backing my prediction with $$$
Giving a trillion up or down in my prediction.
“HELLLOHHH!!!! REBEL CAPITALISTS HOPE YOURE WELLLLL!!!!!!” “heheHEHEHHAHAAAA!!!”
Why don't these deregulation enthusiasts ever mention that most of these evil rules and regulations are there for good reasons? For example to protect what needs protection: children, the elderly, nature, patients..
I haven’t given a penny to bank in 8 years, and my disposable income is 70%.
Thank you bald guy in TN.
Why do they act delusional when they talk about government spending cuts???? Most of its spending is coming from social security, Medicare with Medicaid and defense spending. Unless you are cutting those substantially, all this optimism is complete nonsense. And they know it, but still bsing.
Trump dodged a bullet… com’on George 😂
George is the best
Appreciate his analogy to the Great Financial Crisis. Similar dynamics. Well spoken and knowledgeable.
George should team up with Simon Hunt, who predicted the S&P to reach 3000 in 2023
Gold!
same old shit. Reduce regulations and growth will skyrocket. I can't start a business because I can't afford health care for myself or my employees. I simply can't compete with large monoliths. These fuckers should be talking about anti-trust and level playing field. Govt has a role to play. Govt is not the problem.
Yep; take a tech startup: all tech by definition is deflationary.
Nice point. Analysis is solid but reduce regulation for the small guy and increase regulation on the monopolies.
Good point!
He doesn’t think we have a debt problem? I’m pretty sure the 36.03 trillion $ of US debt would beg to differ. This guy is full of hot air. Just likes to hear himself talk and seem intelligent.
Just like you!
The root issue is spending. It's because of that that we have our current debt. I wouldn't say our current debt isn't an issue though.
Gammon is your best guest. Rock solid
Very good, Jeremy! I follow George on his own channel but just like many other interviewees he does better when he's being interviewed!
George…. You’re overthinking it. Consumer debt and national debt more than we can handle. If you’re right then let’s increase social security benefits.
Anyone who says they are a macroeconomist is not unless they include sustainability.
Love George. Only correction would be when he said "What is going to be the pin to pop that bubble." I'd rephrase it "What's going to be the (metaphorical ) pin of the (metaphorical) hand granade (sp) being pulled that (metaphorically) bloes up the howse" ( pardon the utube anti-cenzer insertions and mis-spellingz )
2001,2008 These times I hear so much about was great. I purchased a lot of property and was killing it. If those were the bad times. bring them on..
Trust not in man, trust ONLY in The Lord🙏🏽
Bingo. This ships going down and all these people trying to rearrange the deck furniture on the titanic.
Bible talks about gold and silver as being money.. never once bitcoin or stock Market
@@justanopinion-ub9ppDidn’t talk about antibiotics either.
Amen brother and nobody else
Thanks, I'm not going to finish listening to the man in this video after reading your post. Is The Lord advising to buy, sell or hold US equities currently?
Taxing the rich is the solution to avoid modern day slavery for 95% of the Americans people.
Unfortunately, in a recession, the people who suffer the most aren't the rich, but the wanna-be rich and the poor.
Robert Kiyosaki
Agree decentralized everything
Gold and silver is not wealth? It's goods and services? Uh....those ARE goods produced.
That kapernick shit really bothered him lol. I’m getting a shut up and dribble type of vibe.
And yes George has lost all credibility predicting doom Great Depression year after year for at least 5 years now
Austin do you think anyone would’ve predicted a historic stimulus package as the global economy was cratering in 2018/2019? Obviously you can’t have that expectation, all I know that these markets will crater even harder with all the artificial money introduced in the mean time without the fundamentals to sustain it.
question, has anyone made money for George Gammon's market prohecy ?
Taking a knee was not about "It's cool to be a victim". Dude is oblivious by choice but simply could not resist the opportunity to reveal his racism.
ok bro i'll go thru the trouble: they initiated an inflationary-boom economy since '72, guised as 'keynesian', with a known inevitable bust timed to peak oil crisis. the inflationary-boom implies asset-bubbles in stocks, real estate, and debt which eventually overburden the system and push it down into bust phase. now largest bust in history. the 'keynesian' system demanded perpetual growth to keep it going, but now that that's over, the system is near it's end, so 'reset'. ... Now, the fed guv is the largest employer in the USA, and the misleading economic statistics rely on it's deficit spending to keep gdp afloat. if/when DOGE gets in there and 'we revert to small government', the primary force driving the false economy right now will go away. it initiates a death-spiral. tariffs also only accelerate that. ... not only a death-spiral, but like gromen said would impair ability to pay down debt -- you cant put the cart before the horse, before trump can initiate restructuring, he's got to revalue and monetize the gold reserves, to affect a one-time hyper-inflationary debt jubilee and start over. also, it's a global debt problem, the central banks have been prepping for it , it will be a global debt jubilee (saving china, for example, and giving them impetus to start THEIR own national economic restructuring that , oh, is conveniently timed in sync with our own...) ... how can you honestly say debt doesnt matter? smaller guv can't pay down ever-growing debt in a failing economy made worse wtih tariffs (cpi up big time,) and mass-layoffs ... i mean it is all so glaringly obvious how can I NOT suspect satanic disinfo, like the majority of the dudes here and in these youtube circuits.
WOW!!!
I watch your TH-cam channel❤😊
We will get disinflation when we get a slowing of the money supply...nothing else matters
So when is the yield curve going to uninvert? How close are we?
It's already happened. George just refuses to see anything and everything that doesn't fit his pre-established thesis.
@@FreeSpeech4All 10y/2y has, but 10y/3m hasn't. wont be long tho.
Very nice interview.
It’s cool to be a rebel capitalist 🤘
He lives in Medellin? Colombia charges a global income tax and a global asset tax. If that is not enough taxation, then try out renta presuntiva. No one with even a little wealth can live in Colombia more than 180 days. He does not live in Medellin.
After over forty years in stockbroking, merchant banking, investment management, and commodity trading, i have to say George is one of my favourite commentators. Very sound and impressive.
we do have a severe debt problem and crisis its just that the market has not yet priced it in, the same as always happens with crises of this type.
George has been callig for dark times ahead and so far he's been wrong in all of his predictions since 2020. Laughable.
Have you been sleeping for the last 5y?
George Gammon is right we have a spending problem, but when you use the 72 mo rule and the debt doubles...you have a serious debt & spending problem 🤔
Excellent.
Pretty smooth interview. Good job George
Brilliant
Glad you been warning everyone George for a while now so they can be preparing. You always did say it usually hits a few months after the cuts of interest rates that we will see it hit the fan. We’ll see now if you’re right soon
Excellent interview, insightful and not hyperbolic. Thanks!
George is wise man
❤ George. #endthefed #Savetherepublic
Difference now, much larger debt to GDP ratio, free trade, solid geo political partners.
An economy at the tail end of the cycle.
But George really needs to explain how we get a civil war due to transgender issue as he stated in a video
Market highs can sometimes be followed by corrections, but predicting the timing and extent of it is challenging. I've heard some analysts talk about a 'massive' correction. It makes me wonder if it's time to adjust my $2M portfolios or maybe even consider some defensive investments.
Consider diversifying your p0rtfolio with a mix of stocks and stable assets. Seeking expert advice now could provide valuable insights and strategies to navigate market uncertainties and protect your investments.
The truth is that people are finally waking up to the fact that our systems are breaking down in thousands of different ways all around us. Personally, the financial market seems like the only way to go with my long-term horizon (accumulated about £557,000 in earnings since May 2021), but if you don't have that time luck, it's a tough market out there down almost nowhere feels safe!
Pls how can i meet this advis0r?
*Victoria Louisa Saylor* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Her name is *Victoria Louisa Saylor* . I can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Indeed, friend, Norvenai will rule the market if they can produce those mining efficiency items.
Always nice to hear from George! 👍🏻💛
That guy is talking about coming fast recession by last 3 years, at least. Broken clock.
History always repeats itself When the building cycle ends The economy goes to pot
NorvenAI will do at least 15X! I love that project!!
Good to hear George's view on the economy
George been calling recession for over 2 years now.
It will likely occur next year as he said it happens when the Fed pivots.
@@fatfatthewaterrat5010 he has not
Correct. But the government has distorted the economy by the spending...as soon as they stop the recession will start...it's a crime how they devalue our currency
Good content. 👍
Hows reducing regulation reduce spending?
Regulation is to protect the people and environment.
Drill baby drill is the answer? NO
Your guest rambles on and on and many things are not adding up. Of course we all worry about the debt. Even if governments stopped spending now, the debt load is huge.
JG is very good, but he like many others is way too optimistic about what a new Prez and admin can do.
Amen George 🙏
"We don't have a debt problem"
A phenomenal saturation of stupidity.
Greed and gold. I can remember $35 an ounce and less. Not that long ago from a market perspective.
Hey George you da dude
Doesn't the massive reduction of government increase unemployment quite a lot?
George, maybe the Fed cuts rates because many of the Western economies have been cutting rates. The Fed's influence is world wide.
Can't the fed use the interest to pay back the money they borrowed? Loaning out money at zero percent is irresponsible
lol wtf, fed borrowed? payback? wat
No problem with US debt? Who is buying the debt. Primary dealers are buying the debt with money created out of thin air. Debt and spending are connected. Stop trying to screw our minds and stupidise us.
After he said that - my respect for his thoughts went down a few notches …
He’s right. We don’t have a debt problem as long as we are the world reserve currency. That’s the part he didn’t say. He’s saying in the current state of things. If we lose that status, even George would admit it’s a problem.
@@SwizzlerSniper9990 US is abusing its reserve currency status by having a ponzi debt/asset/reserve system. The only way for other countries to do is not to be in the same game as they cannot print reserve currency which US could. US has a problem as the others will not want to play in that playground.
@@SwizzlerSniper9990
Wow …
Too many people with P/hd’s in world economics would disagree greatly with you …
No disrespect . But over 36 trillion in debt IS A HUGE PROBLEM .
@@rudeawakening3833phD does not equate with knowing anything about the Eurodollar system and the current state of the world banking system. It’s ok. You don’t have to agree with me. But most people are wrong on this subject as George knows all too well. Most people think finances on the world banking stage is the same as finances on the average persons level, ie their own budget. That’s a big mistake.
Tariffs will increase inflation on almost all goods.
Cayman is buying bonds getting about 1% more..maybe 2%. Cayman has its own currency as well. I doubt it if it's worth it to take a currency risk and administration risk and inflation risk for those small margins. Basically playing another form of the Japan carry trade
If there's anyone who embodies making their mind up first... and then willfully and blindly clinging to their confirmation bias... it's George.
He's been a broken record all year talking about a bull steepener and the inverted yield curve... while we've actually had a bear steepening since the Fed cut and uninversion.
But GG steadfastly refuses to see that. He's kind fo pathetic actually. Rich, but pathetic.
I guess he’ll be right…..someday😂
The points about rate cuts triggering crashes and eventual disinflation are eye-opening. It’s making me rethink my investment strategy. While I’m diversified in stocks, I’ve also been increasing my exposure to Bitcoin, given its resilience during economic uncertainty. Do you think Bitcoin's rise could act as a hedge in this turbulent environment, or should I focus more on commodities like gold?
If you're not familiar with market investing tactics, you should get advice from a financial counselor.
Of the market tanks, so will bitcoin. Bitcoin will drop even more.
Me thinketh great analogy about the., drug addict and the.......credit card!@?😉
Paper money reflects the value of aservices and products.
Purchasing Norvenai now is like to purchasing Bitcoin a decade ago.
As smart as George is he still a human with his own Bias.. He just said is it cheap or expensive? And then recommends Gold basically at its All time highs off a huge 50% plus year
Let's go Rebel Capitalist :-)
NorvenAI A.I easy 100x 🔥🔥
Semantics!
AI stocks will dominate 2024 and 2025. Why I prefer NorvenAI is that they are better placed to maintain long term growth potential, and provide a platform for other AI companies. I know someone who has made more than 200% from NorvenAI. I'll also take these other recommendations you made.
Reattaching go to the dollar will constrain government spending