@@alexandrapetre3009 I agree the garden island Kauai is very nice :-) Yes with digital currency the government would have total control over a person's life. You would have to do everything the government told you to do or you would have your money turned off.......
PAY CASH FOLKS, DON'T LET THEM GET THIS KIND OF CONTROL OVER WHAT YOU CAN SPEND AND HOW MUCH YOU CAN SPEND. The fees for contracting will be a big wedge of your available money available to you. It is up to everyone not to let this happen.
That's great, but really everyone should learn to use PRIVACY COINS (eg, Monero/XMR or Zcash/ZEC, etc.). And they should LEARN NOW because soon banks will stop allowing us to send USD to crypto exchanges. You see, if cash becomes worthless, then many say to hold silver. Great if you just want a hedge, but if you want to do financial transactions cross borders, online, without hauling heavy silver in your pocket, and without the govt CONTROLLING YOU and telling you what you can or can't buy, or punishing you if you post a contrarian opinion on social media (like they're doing in China with their social credit system)....then LEARN NOW how to use privacy coins.
My son trained to be an electrician. It took him 6 months and he finally got hired as a janitor. Many of the job postings were fake. The company that hired him as a janitor mistreated him and actually told him they were doing him a favor by letting him earn money. He quit last week to start his own landscape company.
100%, The company I am working for has job postings, but we are not hiring. We have about 350 total employees. If we let go 150 it wouldn't matter. Sales are down 50% from two years ago.
@@chrisrossman9566 Two things happening there. Two years ago, the country was running on Brandon Bucks, which have largely evaporated and now, what company is going to higher into the uncertainty of the election? None, they want to keep capital close and wait to see what the outcome will be. There's zero confidence in the US if the Brandon steals the election, again. And rightfully so, he's literally destroyed the nation in a few short years.
I don't know what city/state you are in - but most locations you can't find a GOOD/TRAINED Electrician to do anything. This is true of most trades. SO - the problem here could be the location - you have to be willing to move to where the work is - the best way to do that is find states that are GROWING and have strong financial discipline and AVOID states that have decreasing populations and out of control spending. Be careful with immigration - those states allowing mass illegal (not legal) immigration will have decades of fiscal problems as illegals take years/generations to adapt to American life. I live in IA and MO - both should remain quite stable (just avoid the bigger cities). QUALITY labor is in short supply. Nothing will be handed to anyone - hard work pays off eventually!
@fredjohnston7022 people don't want to pay for the trades. They'll spend money on vacations and nice things, though. We are closing our tree service this year because no one wants to pay what it costs, and insurance companies are allowing people to neglect their trees to the point of causing property damage. We will just mill logs and make nice shiny new stuff that people are willing to waste their money on 😆 You just have to adjust to people's back asswards priorities!
Funny how I never needed the government before to make money I think the government needs to stay out of everybody’s business and let them make their own way like it should be government has way too much control already and they F things up all the time…. So I’ll stick to my own way of making things work with my own way of making money, live long and prosper.
I agree. Who is the government to control people in the coal business, oil business, or tanning beds? The government's supposed to control illegal drugs and illegal immigration.
who cares to program money if they can program your mind ..... They already can PRINT NEW MONEY and have no inflation, there is absolutely no reason to program money
@@sikhtraveller8860 Specifically, a quantum computer could take a publicly available public key and derive the associated private key from it. This means that any data encrypted using that public key could now be decrypted without the consent of the party that sought to protect that data.
CBDC is a fantastic tool for the totalitarian mindset. My perspective is rooted in the belief in the inherent equality of all humans and the importance of ethical and moral principles. From this standpoint, there may indeed be little difference between a totalitarian nation state and a criminal gang: 1. **Equality and Moral Principles**: - In a society where all individuals are considered equal and adhere to ethical and moral principles, no one should have undue authority or control over others. This applies regardless of whether the authority comes from a government or a criminal organization. 2. **Violation of Rights**: - Both totalitarian states and criminal gangs can violate the rights and freedoms of individuals. Whether it's through state surveillance or criminal coercion, both undermine the autonomy and dignity of individuals. 3. **Resistance and Accountability**: - Individuals in such a society have the right to resist oppression and hold those in power accountable for their actions. Whether it's challenging a repressive government or opposing criminal activities, the principles of equality and moral action guide individuals in standing up for their rights and the rights of others. From this perspective, whether the authority comes from a government or a criminal organization, it is seen as illegitimate if it violates ethical and moral principles or infringes upon the rights of individuals. In essence, both totalitarianism and criminality are rejected in favor of a society based on equality, ethics, and moral actions.
There's no doubt that: 1) western countries are no longer operating under a representative democratic framework, and 2) there is a cabal of psychopathic billionaire oligarchs working to install a global totalitarian system, with them as kings and us (in drastically reduced numbers) as slaves.
Eventually, the Fed will not be able to save the stock market - or anything else, for that matter. The introduction of CDBC will initiate a black market of a magnitude that nobody has ever seen.
wealth =freedom and cash =debt. cash is often confused with wealth but cash is only Paper/digits that the government uses to control people through the illusion of a central Bank
@@zimone8835 Cash = endless slavery CBDC = Total Slavery & Control Previous Metals = Gods Money without the fiat’s intervention. IE = complete and total Freedom
For the Newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's a sad truth. I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I have lost alot trading all by myself without a guide. Got back into crypto early in 2024 with $20k and I'm up with $232k in a short period of time
Thanks for your update. I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?
I started working with Heidi back in February, and my financial goals has been more clear. It's like having a strategic partner for my funds with a solid track record. Hahaha, amazing!!
Trading is a mental game, that is why most people lose money because they cannot control their emotions. The prevalent idea of our culture is to effortlessly indulge and focus on their own pleasure and wellbeing, but controlling your emotions is unpleasant and painful and that is why most traders lose money because they don't want to meet the pain. That is why there is so many drugs, alcohol, obese and fat people, broken marriage and adultery ...
There will be a resistance father god is not going to allow it to work out for them they don't run nothing on there best day but there mouth and there shoes over
I do believe this myself . And if you go back and watch a documentary all about the blockchain and how it works you will see how the biblical beast system could not really exhist without blockchain technology.
This video covered so much ground. Government spending / debt are also way out of control in my country, Australia. Local governments and local councils are all in massive debt. Even my local council, a small council in a rural area, is well over 100 million in debt . This is what happens when you allow morons (or corrupt criminals) to get into positions where they can control policy / business / money without any any transparency, accountability, or repercussions. People who cannot honestly and effectively run a market stall are running the country. And, of course, the problem with morons and criminals is that they often refuse to take a good hard look at themselves and admit what they really are. Scary times ahead ... volatility, crashes, rising cost of living, rising rents, rising and increasingly unpunished crime, people feeling increasingly disconnected and discriminated against, rising personal debt, ... and massive suffocating debt that people, governments, and councils are going to have to start paying back at some point. I'm still not sure what the "answer" is. I'm 100% debt free, own my very humble house (just an old farm house) and car, and have my savings in a 12 month term deposit @ 5.25%. There are probably better options ??? ... but at least I have the government bank deposit guarantee for protection (whatever that is worth).
@@BloorStreetCapital Sorry to say Jimmy, but our politicians are doing their best to turn our country into a shit hole. Even very mild people like me are thinking: time for armed rebellion ???
Well said. I'm in Melbourne, and what happened during c o n v i d was horrifying. The number of people it mentally, spiritually, financially, and physically broke is staggering. Where's the accountability for the crimes committed? Their won't be any. That's the sad and infuriating reality of it. All the best to you mate
The governments are blowing up this financial system . There is a " GREAT RESET " coming All big money players will take a haircut . They will reorganize and start all over again with the rich people still getting the same contract and funneling of money to them . Banks could care less ( federal reserve and BIS ) why would they care they have made interest on money pulled out of thin air . And when the middle class falls the banks will gain even more assets. Everything else is written off and we start all over . The youngster get to buy houses from the banks 30 year mortgage again its all good in their hood . That is why all,ALL ,countries did this in a coordinating fashion . Hame over for USD on to the next thing we can dupe people to think is valuable to trade their time ( aka life) for . While they reep the benefits. And tictok will show you all the things that $$ can buy
The constitution states that the dollar is a certain weight of silver or gold. What weight of silver or gold is a federal reserve note? What weight of silver or gold will a digital dollar be? Think objectively and don't be brainwashed by money changers they are the synagogue of satan.
Great analysis, thank you! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
Yes and 1 million Americans went by by from trump fauci medicine As you said on USA watchdog. 2 weeks ago.. too strange.. but we ❤ ed dowd..we are glad your still alive..
@@valerieirvin249 I think of gold as generational wealth insurance against a complete breakdown of the financial system. For AFTER a new system has gotten started and you need a stake to get started in that new system. DURING the breakdown turbulence, silver would be more appropriate for everyday barter.
Free yourself first by using 2 remaining DNA (from 12) and your FREE Will (while you still can) Vote/Pray "against all oppressors" then pass it on. NB; Prayer/Votes to wherever they are recorded. Unless humans act on their own behalf - extinction.
@@mtrest4 SO don't use their blockchain. If they attempt to ban something they don't have the authority to, you just simply do it anyway...it is YOUR right. DO NOT COMPLY
In 2019, US was energy independent, fair trade practices bringing jobs back to US, low interest rates, no wars, US poised to have best economy ever, then 2020.. pulled plug on hot economy
Yes it's mostly digital, but that's not the same as a CBDC. CBDCs can be programmable in order to incentivize one to spend in a certain way. They can even program expiration dates into CBDCs, so you'd have 30 days to spend it or you lose it
Research Porticoes Capital, SPE (Blank-Check Company) regarding bank failures. Game Changer. Looks like a "Public-Private Partnership" model designed to shore up FDIC's lack of capability to insure depositors, imo.
@@BloorStreetCapital They will never reveal things like this. In my entire life, they have never revealed the reality of money printing either, so why would they reveal the banking system as a tool of societal control. Governments will never reveal the ways they steal from the general public to fund themselves.
@BloorStreetCap First comes "retail CBDC" via Fed Now system. Bailouts and bonuses for bankers can happen behind a wall of secrecy. The plebs will get a different kind of CBDC called retail CBDC. It's the means by which the average person gets ripped off.
95% of the population of Denmark has taken the digital id without realising the consequences. There’s clauses in there that any govt dept or the bank can lock your id at any time. No banking, no health services…go to your local fx and see if you can buy DKk
Cash Money is King. It saved me once when i was shopping for food. Those with digital cards left with carts filled with groceries the digital for bank cards failed. KEEP CASH...
Imagine a world where financial power is decentralized, and states operate independently of traditional banking influence. #Cardano is making this possible. 🚀🌟
Except Cardano isn't decentralized or scarce. Charles hochkins has control of the network. Bitcoin is the real winner. No one controls it. And it's supply is capped @ 21 million. No matter what happens that can't change
No. Silver is not very scarce. That's why it's only $28 an oz. The more valuable it becomes, the faster it will be mined from the earth. Which will suppress the price
It's Jimmy Connor, thanks for the comment/question! I agree with the comment below, just too much of it to have any real value. In addition, 75% of all silver is produced as a byproduct from some other metal such as copper.
I saw U2 in Trinity College Dublin in about 1984. Cost the equivalent of about 60c. I lost my sweater mid concert - somehow it ended up on stage and Saint Bono was using it to wipe the sweat off his face. The modern Turin Shroud. Then Saint Bono thumped someone in the crowd. Peace and love, man.
It's Jimmy Connor, thanks for the comment Robert! My friend went to Vegas to see U2 in the Sphere and spent over $1000 per ticket! U2 was there for months (played 40 shows) playing to sold out shows. I don't know where these people are getting the money.
Bono, at a concert, told the crowd while slowly clapping his hands “every time I clap my hands a child in Africa dies!” A voice from the crowd yelled out “Well then stop bloody clapping!!”
Hello Jimmy great video. The thought of a CBDC is very concerning. I very new to investing. What do you think about Bitcoin? Is it worth buying some now?.
A retail CBDC is form of central bank digital currency that is used by the general public. A wholesale CBDC, on the other hand is used among banks and other licensed financial institutions for interbank payments and securities transactions. Each jurisdiction could have a CBDC issued by its respective central bank. So fear the retail CBDC.
t's Jimmy Connor, thanks for the comment and for taking the time to view our content! I am not familiar with that bit the next time I get Ed on I will ask him.
You need to harp on debt. 687 trillion dollars in derivatives swaps on debt clock. These are toxic hidden loses, packaged and given a net value and shelved and will NEVER BECOME TRANSPARENT AS LOSES because the government was given a net value.❤❤❤😂🎉
@@ponderinglife5582 they are credit and currency derivatives swaps on paper, and who knows how much more , yeah right cash dude? I don't think the Fed has printed those dollars.
@@BloorStreetCapital hope you look at the debt clock number. Japan was the first nation to hide loses with packaged derivatives swaps, the banksters give them a NET VALUE but they are so toxic nobody in their right mind would buy swaps. It is criminal period. The Big Short move.🥳🥳🥳🥳
ST interest rate goes down means something bad about to happen, a very interesting point and has answer my question， which i have for long time. Thank you.
Isn’t it interesting that since we have been reduced to a consumer based economy, the powers that be wish to hit us with a CB DC, which ultimately will reduce consumption. What happens then?
Universal Basic Income, offered only in CBDC, at a level which forces hardscrabble lives for everyone except a privileged few, all within a global totalitarian system.
BR just stated that they want to become a public private partnership where you have to have your retirement linked to that system by law (overt full-on fascism), and they will also not allow you full freedom of what you can purchase with retirement funds, i.e. they by government decree have stolen your savings! If you don’t have sovereignty in how you use your savings they’re not your savings anymore its stollen from you and being handed back as an allowance like your a 6 year old kid. This is what fink wants and its just more of the constant admition of cbdc goal in whatever form or different forms it takes, maybe they say the most obvious outloud to distract from the more sinister plan to burry CBDC framework into something more friendly and still private appearing and gently nudge people into it. Or central planners want to see people bow out pf fear to very obvious fuedalism is maybe more likely as that brings them joy to see you give up so much when disease and economic collapse, even world war all coincide.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! So sorry to hear that but it's just a matter of time before it comes back. The island is just too beautiful for people to stay away.
Once CBDCs reach their full evolution there will be no need for “banks” . Banksters need to consider this before they continue to root for this beast like system.
So the treasury / FED will do whatever is necessary to keep up appearances until November, all hell breaks lose and Trump takes the blame ( if elected)
Dont underestimate the extent the Fed will just print (debase the USD) to throw it at stocks. It is already at the point of such bifurcation from the "real" economy that it makes zero sense to even work now.. the wages go up 1-2% at best a year while Fed is debasing currency 20% a year (the real inflation rate) The stock and real estate markets have just kept pace with the debasement.. you havent "made wealth or more purchasing power" from stocks or real estate- you may have bigger number sin portfolio, but it actually spends far less even as it goes higher. And jobs.. ugh- you literally get poorer each you work, losing about 18-20% purchasing power a year working. Those in stocks/real estate are just barely keeping pace with living costs. Use the college fund to invest- jobs are over. Its a financialized and sexualized culture as we enter the end of this evil empire.
I live in China and follow news regarding cbdc, retail e-CNY was introduced in 2019-2020, government promoted usage of e-CNY via red envelopes, gift cards, etc. In 2023 one province introduced a law, when all government employees would get their salaries in e-CNY only, though reports had shown that most of users transferred e-CNY to RMB e-wallets straight after receiving them as a salary. 数字人民币 is an equivalent in Chinese
I liked your guest's comment about bitcoin near the end of the show. I.e. that they are here to stay. I think BTC holds a lot of promise as an insurance policy against currency debasement. The trajectory of never ending printing and inflation, coupled with unsustainable debt levels means we have to seek other paths to preserve our wealth. Great show.
Bitcoin is a delusion. Central governments will always control money (when have they not?). The end game is a global, centralized digital system. Bitcoin will go back to near zero and there is no possibility it will be money in developed nations. For the same reason it's not a store of anything. Want a digital fiat money hedge? Buy gold...the basis of sound money for 5000 years. Amazing to me how these little kids in 2024 think anything has changed
he says we had a couple of banks close last year and then convolutes silicon valley Bank which was last year with first republic a few weeks ago..maybe he meant in the last year..so I will give him a pass on the BS~ ometer..LOL
We already had a gold standard. It was papered over because it lacks portability. Try to buy something across the globe with gold. It would take weeks and would need safeguarding along the way. Thats called devolution. Bitcoin is the answer
I went all in in 2007 sold my real estate worst thing I could have done. Returns were awful. Thank God I started selling off my positions and got back in the game.
That's what's great about failure. Its the best teacher in life. This is off topic but I invested everything into my dream restaurant at the end of 2019. Then COVID hit and I was operating in state that shut me down for months and months. So I decided to walk away. I learned a lot from that experience. Now I try to be very thorough and informed when making big decisions.
Once its digital currency, all is vulnerable, the poor tracked to the bank for a couch payment. Big Corps hope for bail, or fail to their own inability to use forethought, selling short leave it to Nancy,,, I worked in the best years and in the end stay healthy, a country with unaffordable health care is destroyed from the start, Too many in the money bin.
What's your favorite island in Hawaii? What's your take on CBDCs? Is the government trying to control every aspect of our lives?
Kauai is absolutely stunning. We stayed Hanalei Bay which is the closest thing to heaven you will find.
@@alexandrapetre3009 I agree the garden island Kauai is very nice :-) Yes with digital currency the government would have total control over a person's life. You would have to do everything the government told you to do or you would have your money turned off.......
CBDC = boot on your face forever….
My favorite island is the one with the most blue roofs
@@nitdiver5 truth!!!!!
PAY CASH FOLKS, DON'T LET THEM GET THIS KIND OF CONTROL OVER WHAT YOU CAN SPEND AND HOW MUCH YOU CAN SPEND. The fees for contracting will be a big wedge of your available money available to you. It is up to everyone not to let this happen.
That's great, but really everyone should learn to use PRIVACY COINS (eg, Monero/XMR or Zcash/ZEC, etc.). And they should LEARN NOW because soon banks will stop allowing us to send USD to crypto exchanges. You see, if cash becomes worthless, then many say to hold silver. Great if you just want a hedge, but if you want to do financial transactions cross borders, online, without hauling heavy silver in your pocket, and without the govt CONTROLLING YOU and telling you what you can or can't buy, or punishing you if you post a contrarian opinion on social media (like they're doing in China with their social credit system)....then LEARN NOW how to use privacy coins.
The information technology , is keeping your last address handy as you tent the street. Pay cash or lose it.
My son trained to be an electrician. It took him 6 months and he finally got hired as a janitor. Many of the job postings were fake. The company that hired him as a janitor mistreated him and actually told him they were doing him a favor by letting him earn money. He quit last week to start his own landscape company.
Wow that is crazy! Where is he based? I always thought electricians had a guaranteed job.
100%, The company I am working for has job postings, but we are not hiring. We have about 350 total employees. If we let go 150 it wouldn't matter. Sales are down 50% from two years ago.
@@chrisrossman9566 Two things happening there. Two years ago, the country was running on Brandon Bucks, which have largely evaporated and now, what company is going to higher into the uncertainty of the election? None, they want to keep capital close and wait to see what the outcome will be. There's zero confidence in the US if the Brandon steals the election, again. And rightfully so, he's literally destroyed the nation in a few short years.
I don't know what city/state you are in - but most locations you can't find a GOOD/TRAINED Electrician to do anything. This is true of most trades. SO - the problem here could be the location - you have to be willing to move to where the work is - the best way to do that is find states that are GROWING and have strong financial discipline and AVOID states that have decreasing populations and out of control spending. Be careful with immigration - those states allowing mass illegal (not legal) immigration will have decades of fiscal problems as illegals take years/generations to adapt to American life. I live in IA and MO - both should remain quite stable (just avoid the bigger cities). QUALITY labor is in short supply. Nothing will be handed to anyone - hard work pays off eventually!
@fredjohnston7022 people don't want to pay for the trades. They'll spend money on vacations and nice things, though. We are closing our tree service this year because no one wants to pay what it costs, and insurance companies are allowing people to neglect their trees to the point of causing property damage. We will just mill logs and make nice shiny new stuff that people are willing to waste their money on 😆 You just have to adjust to people's back asswards priorities!
Funny how I never needed the government before to make money I think the government needs to stay out of everybody’s business and let them make their own way like it should be government has way too much control already and they F things up all the time…. So I’ll stick to my own way of making things work with my own way of making money, live long and prosper.
It's Jimmy Connor, thanks for the comment and great advice Ken!
I agree. Who is the government to control people in the coal business, oil business, or tanning beds?
The government's supposed to control illegal drugs and illegal immigration.
Government shouldn’t exist
CBDC = Programable Money = Total Control
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
who cares to program money if they can program your mind ..... They already can PRINT NEW MONEY and have no inflation, there is absolutely no reason to program money
Digital Cattle.
A boot stamping on your face --- Forever.
@@BloorStreetCapitalthey r openly saying u will own nothing😅
@@sikhtraveller8860 Specifically, a quantum computer could take a publicly available public key and derive the associated private key from it. This means that any data encrypted using that public key could now be decrypted without the consent of the party that sought to protect that data.
CBDC is a fantastic tool for the totalitarian mindset.
My perspective is rooted in the belief in the inherent equality of all humans and the importance of ethical and moral principles. From this standpoint, there may indeed be little difference between a totalitarian nation state and a criminal gang:
1. **Equality and Moral Principles**:
- In a society where all individuals are considered equal and adhere to ethical and moral principles, no one should have undue authority or control over others. This applies regardless of whether the authority comes from a government or a criminal organization.
2. **Violation of Rights**:
- Both totalitarian states and criminal gangs can violate the rights and freedoms of individuals. Whether it's through state surveillance or criminal coercion, both undermine the autonomy and dignity of individuals.
3. **Resistance and Accountability**:
- Individuals in such a society have the right to resist oppression and hold those in power accountable for their actions. Whether it's challenging a repressive government or opposing criminal activities, the principles of equality and moral action guide individuals in standing up for their rights and the rights of others.
From this perspective, whether the authority comes from a government or a criminal organization, it is seen as illegitimate if it violates ethical and moral principles or infringes upon the rights of individuals. In essence, both totalitarianism and criminality are rejected in favor of a society based on equality, ethics, and moral actions.
It's Jimmy Connor, thanks for the comment and the interesting perspective!
There's no doubt that: 1) western countries are no longer operating under a representative democratic framework, and 2) there is a cabal of psychopathic billionaire oligarchs working to install a global totalitarian system, with them as kings and us (in drastically reduced numbers) as slaves.
AKA a Voluntary society
_Harrison Bergeron_
Eventually, the Fed will not be able to save the stock market - or anything else, for that matter. The introduction of CDBC will initiate a black market of a magnitude that nobody has ever seen.
Cash = Freedom
CBDC = Bondage
electronic peer to peer digital cash .. trad cash is fiat
@@georgesamaras2922 Not everyone wants to be using their phones all the time, and paper still works without electricity or Wifi.
wealth =freedom and cash =debt. cash is often confused with wealth but cash is only Paper/digits that the government uses to control people through the illusion of a central Bank
@@zimone8835
Cash = endless slavery
CBDC = Total Slavery & Control
Previous Metals = Gods Money without the fiat’s intervention. IE = complete and total Freedom
Ed Dowd is one of the best. Good interview.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! If you are not a Subscriber, please Subscribe!
❤ Ed Dowd! National treasure
Digital currency may be the straw. taking our money and digitizing it is slavery not freedom.
My thanks to Ed Dowd.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
For the Newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's a sad truth. I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I have lost alot trading all by myself without a guide. Got back into crypto early in 2024 with $20k and I'm up with $232k in a short period of time
Thanks for your update. I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?
As a beginner what do i need to do? How can I invest, on which platform? If you know any please share.
I started working with Heidi back in February, and my financial goals has been more clear. It's like having a strategic partner for my funds with a solid track record. Hahaha, amazing!!
Trading is a mental game, that is why most people lose money because they cannot control their emotions. The prevalent idea of our culture is to effortlessly indulge and focus on their own pleasure and wellbeing, but controlling your emotions is unpleasant and painful and that is why most traders lose money because they don't want to meet the pain. That is why there is so many drugs, alcohol, obese and fat people, broken marriage and adultery
...
I've seen different people talking about Juliana Heidi. She must be very amazing for people to talk this good about her.
Very clear and smart. Very little fluff and every word makes sense.
It's Jimmy Connor, thanks for the comment Bradley and for taking the time to view our content!
Oh really? ... just another lackluster interview that did not reveal any interesting perspectives on the prospects of CBDC here in the U.S.
CBDC is that last step before the 666 mark of the beast
Yes… & It will be part of it… the first half of it.
There will be a resistance father god is not going to allow it to work out for them they don't run nothing on there best day but there mouth and there shoes over
You have nothing to worry about if you’re saved. You won’t be here. That happens during the tribulation
I do believe this myself . And if you go back and watch a documentary all about the blockchain and how it works you will see how the biblical beast system could not really exhist without blockchain technology.
And AmeriKKKa(IMF-World Bank location) is leading it!!! LOL. USA = MYSTERY Babylon Harlot the GREAT!!!!! "AmeriKKKa the GREATEST country on Earth!"
Ed Dowd is always a guiding light. Thank you for having him on.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! If you are not a Subscriber, please Subscribe!
This video covered so much ground. Government spending / debt are also way out of control in my country, Australia. Local governments and local councils are all in massive debt. Even my local council, a small council in a rural area, is well over 100 million in debt .
This is what happens when you allow morons (or corrupt criminals) to get into positions where they can control policy / business / money without any any transparency, accountability, or repercussions. People who cannot honestly and effectively run a market stall are running the country. And, of course, the problem with morons and criminals is that they often refuse to take a good hard look at themselves and admit what they really are.
Scary times ahead ... volatility, crashes, rising cost of living, rising rents, rising and increasingly unpunished crime, people feeling increasingly disconnected and discriminated against, rising personal debt, ... and massive suffocating debt that people, governments, and councils are going to have to start paying back at some point.
I'm still not sure what the "answer" is. I'm 100% debt free, own my very humble house (just an old farm house) and car, and have my savings in a 12 month term deposit @ 5.25%. There are probably better options ??? ... but at least I have the government bank deposit guarantee for protection (whatever that is worth).
It's Jimmy Connor, thanks for the comment and hope all is well down under!
@@BloorStreetCapital Sorry to say Jimmy, but our politicians are doing their best to turn our country into a shit hole. Even very mild people like me are thinking: time for armed rebellion ???
Well said. I'm in Melbourne, and what happened during c o n v i d was horrifying. The number of people it mentally, spiritually, financially, and physically broke is staggering. Where's the accountability for the crimes committed? Their won't be any. That's the sad and infuriating reality of it. All the best to you mate
The governments are blowing up this financial system . There is a " GREAT RESET " coming
All big money players will take a haircut . They will reorganize and start all over again with the rich people still getting the same contract and funneling of money to them . Banks could care less ( federal reserve and BIS ) why would they care they have made interest on money pulled out of thin air . And when the middle class falls the banks will gain even more assets. Everything else is written off and we start all over . The youngster get to buy houses from the banks 30 year mortgage again its all good in their hood . That is why all,ALL ,countries did this in a coordinating fashion . Hame over for USD on to the next thing we can dupe people to think is valuable to trade their time ( aka life) for . While they reep the benefits. And tictok will show you all the things that $$ can buy
how in the hell does that happen? crooks ALL
CBDC is the Devel of Money
It's Jimmy Connor, thanks for the comment Bianca and for taking the time to view our content! Why do you think CBDC is the devil of money?
@ace9840 good point about gold and we know they wont do that!
@@BloorStreetCapital Gold + Goldminer's is a great Investment for the next 6 Months 👍.
The constitution states that the dollar is a certain weight of silver or gold. What weight of silver or gold is a federal reserve note? What weight of silver or gold will a digital dollar be? Think objectively and don't be brainwashed by money changers they are the synagogue of satan.
🌋🌋🌋👺👺👹👹
Ed Dowd is a practical and Patriotic source for $$$$ info.
what CBDC or cards is worth without electricity
It's Jimmy Connor, thanks for the comment George and for taking the time to view our content! If you are not a Subscriber, please Subscribe!
I always have cash on hand, usually in $10s and $20. Just in case SHTF.
Love Ed Dowd!
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! If you are not a Subscriber, please Subscribe!
Great analysis, thank you! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
Cash is king.
It's Jimmy Connor, thanks for the comment and well said but gold is even better!
Not no more
@cockyhemi-123 nothing better then gold in the hand!
He who holds the gold makes the rules.
uhmm no xrp,xlm are
Yes and 1 million Americans went by by from trump fauci medicine
As you said on USA watchdog. 2 weeks ago.. too strange.. but we ❤ ed dowd..we are glad your still alive..
Lesson learned.....avoid all injections from the Feds.
TRUMP? he was against the whole damn shut down thing--get your facts straight.
Love what Ed Dowd had to say james...thanks for bringing him on.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
yep they want you to transfer your savings out of the private banks into the central bank of the goverment. So they can use it
It's Jimmy Connor, thanks for the comment but what they really want to do is control it!
Pretty sure they can print it anytime since it's all fake money.
God says in his word. "Gold and silver are mine" Who wouldn't prefer to hold Gods money.
I want that gold and silver to be MINE.
Yes but there must be a way to measure it n break down a $5.00 purchase from a $50.00 gold coin, 🤔
@@valerieirvin249 I think of gold as generational wealth insurance against a complete breakdown of the financial system. For AFTER a new system has gotten started and you need a stake to get started in that new system. DURING the breakdown turbulence, silver would be more appropriate for everyday barter.
Love is the highest energy vibration in the multiverse.
"Love withheld is a Burdened Heart", I pass my LOVE to All.
ok you pray for us
Free yourself first by using 2 remaining DNA (from 12) and your FREE Will (while you still can) Vote/Pray "against all oppressors" then pass it on. NB; Prayer/Votes to wherever they are recorded. Unless humans act on their own behalf - extinction.
@@rolflagerquist8514❤️🔥🙏✝️
Back to bartering if they get their way.
Gold, crypto and bartering will be banned.
Anything not going through the CBDC block chain will be criminalized.
@@mtrest4 that would be very difficult to monitor or police. Whenever they have tried these things ( prohibition in US) people find a way round .
@@mtrest4not complying period!!
@@mtrest4 SO don't use their blockchain. If they attempt to ban something they don't have the authority to, you just simply do it anyway...it is YOUR right. DO NOT COMPLY
Great conversation! ❤ Please 🙏 have Ed on more often!
Thanks for the comment and for taking the time to view our content! We will have Ed back for sure!
Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank 😊
It's Jimmy Connor, thanks for the comment Frank! Hope all is well down under!
Who the heck is Frank g Melbourne
Thanks James
first time hearing ed
love the insight
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
Ed is a wealth data. Not just on finance.
What insight? ...
Another blown opportunity to really get inside Dowd's head o the topic CBDCs.
Jimmy has done really well since his Tennis days. Didn’t know he was such a financier 😊
Ha, thanks for the comment Johnny! Truth be told, I Cant get the ball over the net.
Will home values drop or increase? Is it a good time to sell for the sake of just downsizing and retiring?
Long term investor? Buy gold, BTC, Tesla.
I bought more TSLA last week, it was a bargain and way undervalued.
It's Jimmy Connor, thanks for the comment! Great timing on Tesla!
This video should be called Beast System is coming.
6.6.5.
.... +1
is it best to pull yur savings an buy gold an silver. how do you get away from CDBC
Gold all the way!
In 2019, US was energy independent, fair trade practices bringing jobs back to US, low interest rates, no wars, US poised to have best economy ever, then 2020.. pulled plug on hot economy
then Fauci became a politician and not a hack scientist
Most currency's are digital already. You don't really think the gov has trions of dollars sitting around in warehouses.
It's Jimmy Connor, thanks for the comment! That's actually funny and now that I think about it you're probably right.
Yes it's mostly digital, but that's not the same as a CBDC. CBDCs can be programmable in order to incentivize one to spend in a certain way. They can even program expiration dates into CBDCs, so you'd have 30 days to spend it or you lose it
@@BloorStreetCapitalIt is the false dream of marxist academics to have enough money for everything and that money to still be money.
@@arachosia Agreed. We have BDC, not CBDC.
@@arachosia exactly, there is a big diff. and total control over currency that way...egads
does "banks" INCLUDE credit unions?
Research Porticoes Capital, SPE (Blank-Check Company) regarding bank failures. Game Changer.
Looks like a "Public-Private Partnership" model designed to shore up FDIC's lack of capability to insure depositors, imo.
some states have put laws in place to ban CBDC . In a liberal state all things are possible
great interview. interesting guest
It's Jimmy Connor, thanks for the comment Paul and for the ongoing support!
Amazing data analyst. His team’s work on the vaccine harms is incredible.
CBDC’s is already a thing, the banking system and the government just doesn’t tell you🤷🏼
It's Jimmy Connor, thanks for the comment! If that is true when will they tell us or implement it?
@@BloorStreetCapital They will never reveal things like this. In my entire life, they have never revealed the reality of money printing either, so why would they reveal the banking system as a tool of societal control. Governments will never reveal the ways they steal from the general public to fund themselves.
@BloorStreetCap
First comes "retail CBDC" via Fed Now system. Bailouts and bonuses for bankers can happen behind a wall of secrecy.
The plebs will get a different kind of CBDC called retail CBDC. It's the means by which the average person gets ripped off.
95% of the population of Denmark has taken the digital id without realising the consequences. There’s clauses in there that any govt dept or the bank can lock your id at any time. No banking, no health services…go to your local fx and see if you can buy DKk
Think agian a crash like you have never seen is coming hold on to your cbdc it’s bogus.
What are edwards thoughts on xrp when the markets black swan events occur?
It's Jimmy Connor, thanks for the comment/question. I will ask him the next time we chat.
Central bank digital currencies already exist. They don’t print anymore when they frivolously spend our money. Just numbers on a screen.
It's Jimmy Connor, thanks for the comment Sam! Sounds very much like bitcoin.
Banks are discriminating against legal tender. Something is really wrong with what's going on in these times.
Stop banking with the big banks. Bank at a home owned bank or community banks.
Cash Money is King. It saved me once when i was shopping for food. Those with digital cards left with carts filled with groceries the digital for bank cards failed. KEEP CASH...
Imagine a world where financial power is decentralized, and states operate independently of traditional banking influence. #Cardano is making this possible. 🚀🌟
It's Jimmy Connor, thanks for the comment Jose and for taking the time to view our content!
@cockyhemi-123
Them days are long gone br0thers.
Except Cardano isn't decentralized or scarce. Charles hochkins has control of the network. Bitcoin is the real winner. No one controls it. And it's supply is capped @ 21 million. No matter what happens that can't change
@@daleblast5379but who control the Internet and grid?
It’s great to see Ed again, thank you for this video. Much appreciated watching on a beautiful Sunday morning.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
Last year when everyone was warning about CBDCs, he wasnt that worried about it.
will owning silver help?
No. Silver is not very scarce. That's why it's only $28 an oz. The more valuable it becomes, the faster it will be mined from the earth. Which will suppress the price
It's Jimmy Connor, thanks for the comment/question! I agree with the comment below, just too much of it to have any real value. In addition, 75% of all silver is produced as a byproduct from some other metal such as copper.
I saw U2 in Trinity College Dublin in about 1984. Cost the equivalent of about 60c. I lost my sweater mid concert - somehow it ended up on stage and Saint Bono was using it to wipe the sweat off his face. The modern Turin Shroud. Then Saint Bono thumped someone in the crowd. Peace and love, man.
It's Jimmy Connor, thanks for the comment Robert! My friend went to Vegas to see U2 in the Sphere and spent over $1000 per ticket! U2 was there for months (played 40 shows) playing to sold out shows. I don't know where these people are getting the money.
@@BloorStreetCapital Let's hope Bono didn't thump anyone there....
great story did you get your sweater back?
@@robertdagge200Let's hope he didn't repeat, " Alexi Navalny.....Alexi Navalny" over and over.
Bono, at a concert, told the crowd while slowly clapping his hands “every time I clap my hands a child in Africa dies!” A voice from the crowd yelled out “Well then stop bloody clapping!!”
Hello Jimmy great video. The thought of a CBDC is very concerning. I very new to investing. What do you think about Bitcoin? Is it worth buying some now?.
Is there more coming? Yes Republic First closed last Friday.
invest in gold, and Bitcoin.. wait for BRICS digital coin backed by gold.. then invest in it to protect you assets
It's Jimmy Connor, thanks for the comment! I own gold and no bitcoin. Not going to lie, wish I did.
Yep few banks here in Australia, are not using cash, totally digital
Thanks for the comment! Is the government able to track all your transactions? Are they able to penalize you through the dc system?
I wouldn't summarize. we are listening
Thnx for the insight.
Great conversation!!! Very informative
It's Jimmy Connor, thanks for the comment Malcolm and for taking the time to view our content!
A retail CBDC is form of central bank digital currency that is used by the general public. A wholesale CBDC, on the other hand is used among banks and other licensed financial institutions for interbank payments and securities transactions. Each jurisdiction could have a CBDC issued by its respective central bank. So fear the retail CBDC.
What about the Saudi Arabia leaving the Petro dollar agreement June 9th 2024 ?
t's Jimmy Connor, thanks for the comment and for taking the time to view our content! I am not familiar with that bit the next time I get Ed on I will ask him.
It’s for banks not for general use
🍁 In Canada people are moving out of the banks & going to credit unions . Provincial regulated & 10 × more insurance on your $
Don't get me started on Canadian politics.
You need to harp on debt. 687 trillion dollars in derivatives swaps on debt clock. These are toxic hidden loses, packaged and given a net value and shelved and will NEVER BECOME TRANSPARENT AS LOSES because the government was given a net value.❤❤❤😂🎉
Those derivatives are hard cash….😆🤣,
It's Jimmy Connor, thanks for the comment Robert! I will bring this up for sure with my next guest.
@@ponderinglife5582 they are credit and currency derivatives swaps on paper, and who knows how much more , yeah right cash dude? I don't think the Fed has printed those dollars.
@@BloorStreetCapital hope you look at the debt clock number. Japan was the first nation to hide loses with packaged derivatives swaps, the banksters give them a NET VALUE but they are so toxic nobody in their right mind would buy swaps. It is criminal period. The Big Short move.🥳🥳🥳🥳
ST interest rate goes down means something bad about to happen, a very interesting point and has answer my question， which i have for long time. Thank you.
Says everyone since 2001....still waiting.
Hard Assets, Gold & Silver!!!
Thank you
Thanks for the comment Jack and for taking the time to view our content! We will have Ed back for sure!
Isn’t it interesting that since we have been reduced to a consumer based economy, the powers that be wish to hit us with a CB DC, which ultimately will reduce consumption. What happens then?
Mark of the beast
Universal Basic Income, offered only in CBDC, at a level which forces hardscrabble lives for everyone except a privileged few, all within a global totalitarian system.
Ed is the first person, other than myself, that I've heard say that government jobs are on the wrong side of the equation
Thanks for the comment and for taking the time to view our content!
BR just stated that they want to become a public private partnership where you have to have your retirement linked to that system by law (overt full-on fascism), and they will also not allow you full freedom of what you can purchase with retirement funds, i.e. they by government decree have stolen your savings! If you don’t have sovereignty in how you use your savings they’re not your savings anymore its stollen from you and being handed back as an allowance like your a 6 year old kid. This is what fink wants and its just more of the constant admition of cbdc goal in whatever form or different forms it takes, maybe they say the most obvious outloud to distract from the more sinister plan to burry CBDC framework into something more friendly and still private appearing and gently nudge people into it. Or central planners want to see people bow out pf fear to very obvious fuedalism is maybe more likely as that brings them joy to see you give up so much when disease and economic collapse, even world war all coincide.
Mark of the beast system moving closer everyday now
Yes, and 80% will take it just like 80% took the joker juice. People will do anything for money. It's sick!
@@nicole8307 joker juice lol..I warned people ... very few listened..oh well.
PEOPLE WILL LET IT IN
I live on Kauai. Tourism down 20-25% from last year
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! So sorry to hear that but it's just a matter of time before it comes back. The island is just too beautiful for people to stay away.
Japan joins BRICS and you already know
Always enjoy Ed’s brain. Fifty-six ?? Thought he was late forties.
Once CBDCs reach their full evolution there will be no need for “banks” . Banksters need to consider this before they continue to root for this beast like system.
We don't need such things cash is alwàys good and be... No reptilians no greys you are the resistance
What I found is that in Kauai people are rude. Those in Oahu are very kind.
It's Jimmy Connor, thanks for the comment! I didn't find that at all. I really liked Kauai.
The gas prices in Hawaii reflect prices in wa state.
Im paying $6 a gallon in Toronto. What are you paying?
I’m in LA and we’re paying $5 a gallon
It's Jimmy Connor, thanks for the comment! I'm in Toronto and we are paying $6!
So the treasury / FED will do whatever is necessary to keep up appearances until November, all hell breaks lose and Trump takes the blame ( if elected)
Ain't that the truth!
They will try, but their success is far from guaranteed. Too many variables that the Fed cannot control (like the Japanese Yen that was mentioned).
Dont underestimate the extent the Fed will just print (debase the USD) to throw it at stocks. It is already at the point of such bifurcation from the "real" economy that it makes zero sense to even work now.. the wages go up 1-2% at best a year while Fed is debasing currency 20% a year (the real inflation rate) The stock and real estate markets have just kept pace with the debasement.. you havent "made wealth or more purchasing power" from stocks or real estate- you may have bigger number sin portfolio, but it actually spends far less even as it goes higher. And jobs.. ugh- you literally get poorer each you work, losing about 18-20% purchasing power a year working. Those in stocks/real estate are just barely keeping pace with living costs. Use the college fund to invest- jobs are over. Its a financialized and sexualized culture as we enter the end of this evil empire.
China has a CBDC for years now. They digitized the Yuan
It's Jimmy Connor, thanks for the comment but is this for certain?
I live in China and follow news regarding cbdc, retail e-CNY was introduced in 2019-2020, government promoted usage of e-CNY via red envelopes, gift cards, etc. In 2023 one province introduced a law, when all government employees would get their salaries in e-CNY only, though reports had shown that most of users transferred e-CNY to RMB e-wallets straight after receiving them as a salary. 数字人民币 is an equivalent in Chinese
I liked your guest's comment about bitcoin near the end of the show. I.e. that they are here to stay. I think BTC holds a lot of promise as an insurance policy against currency debasement. The trajectory of never ending printing and inflation, coupled with unsustainable debt levels means we have to seek other paths to preserve our wealth. Great show.
It's Jimmy Connor, thanks for the positive comment Chris and for taking the time to view our content!
Bitcoin is a delusion. Central governments will always control money (when have they not?). The end game is a global, centralized digital system. Bitcoin will go back to near zero and there is no possibility it will be money in developed nations. For the same reason it's not a store of anything. Want a digital fiat money hedge? Buy gold...the basis of sound money for 5000 years. Amazing to me how these little kids in 2024 think anything has changed
He who controls the money supply controls the world
So true!
No, it's not.
Well, it's too late. Nothing can be done to stop what's coming
It's Jimmy Connor, thanks for the comment Alivia and for taking the time to view our content!
Understand Defi now before its to late... in crypto it is the complete opposite of CBDC.
But they have PLENTY OF MONEY for Ukraine....
The richest men in the world (Central Banks) are buying Gold. They want you buying BTC...
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! If you are not a Subscriber, please Subscribe!
No to CBDC
he says we had a couple of banks close last year and then convolutes silicon valley Bank which was last year with first republic a few weeks ago..maybe he meant in the last year..so I will give him a pass on the BS~ ometer..LOL
This wont work. Cash is king.
We already had a gold standard. It was papered over because it lacks portability. Try to buy something across the globe with gold. It would take weeks and would need safeguarding along the way. Thats called devolution. Bitcoin is the answer
It's Jimmy Connor, thanks for the comment Dale! I think gold and bitcoin are both trying to solve he same issue and debasement of our currency.
Gold is the biggest pain in the ass different types ,grades,years, I could go on shipping, taxes , I would stay far away. You're better off with ammo.
@@keepitreal829 Glad other folks like yourself did some homework.
I went all in in 2007 sold my real estate worst thing I could have done. Returns were awful. Thank God I started selling off my positions and got back in the game.
That's what's great about failure. Its the best teacher in life. This is off topic but I invested everything into my dream restaurant at the end of 2019. Then COVID hit and I was operating in state that shut me down for months and months. So I decided to walk away. I learned a lot from that experience. Now I try to be very thorough and informed when making big decisions.
Wondering if Maui could use 60 billions but US congress had to make a tough decision 🤔
It's Jimmy Connor, thanks for the comment William and great point!
Once its digital currency, all is vulnerable, the poor tracked to the bank for a couch payment. Big Corps hope for bail, or fail to their own inability to use forethought, selling short leave it to Nancy,,, I worked in the best years and in the end stay healthy, a country with unaffordable health care is destroyed from the start, Too many in the money bin.