Hey everyone, Thanks for the 20,000 subs! I can't believe it. You all are the nicest people on the internet and make doing this show such a thrill. I hope you all enjoy this conversation with Felix Zulauf as much as I did. I've wanted to interview him for ages! I'll definitely invite him back on the show in 2024. Let me know what you think in the comments section. Also, who do you want me to book as a guest in 2024? Let me know! 💙-Julia
Indian households and temples own more gold than all the global central banks of the world combined in spite of the colossal loot carried out by the Western world during colonial period. Therefore, you won't see the Indian Central Bank seeing the need to accumulate much gold even though it is among the top ten in terms of gold reserves.
I have developed an appreciation for Julia’s interview style. She asks soft questions that encourage her guests to expound on their answers. Subscribed 😊
We need to stop the never ending wars We need industrialization to broaden our tax base. We need to get corporations out of government. They are too willing to sale their own country and people out by going to another country for cheaper wages. They left behind thousands of buildings that paid wages which also bolstered the states via employment tax. And the politicians went along with it.
Liked the interview, would love if you bring jeff snider back ask him about silent depression and how it will be fixed in the context of the world order changing, thanks.
When the 2-10 year yield curve reverses the countdown to recession begins.Based on the length and depth of the current inversion it’s going to be a bad recession.I would say late 2024/early 2025.There’s time to invest , but keep your eye on the indicator mentioned.
Thank you for the content I am particularly interested in the residential housing market. If you could ask questions around that topic for future. Videos, that would be great
This is my fourth, different Zulauf interview because each one has something additional to his overall themes.. He is prescient and well-grounded with an unmatched view.
I’m a new subscriber who has been watching many of Mr Zulauf’s interviews online. Love your style and especially enjoyed at the end when you asked him if there was anything that he would like to discuss it wasn’t in the interview loved it! I mean new fan.
I don't see china and russia producing a powerful gold backed currency over the next "10" years, if anything they are a couple of pissant countries that are going to be swept into the dustbin of history. china had a very nice run that lasted 35 years or so but they are on the downhill side now and have been since about 2015. What we witnessed in china was a flash in the pan which was driven in large part by demographic circumstance. Small retirement age group, small children group, and large working age group, coupled with a loosening of the communist/ totalitarian central planning system. Since xi became president in 2011 according to their own numbers the economy started to slow down and in 2015 their population started to shrink and recently the average age of the chinese surpassed that of the US and their ultra low birth rate (around 1) coupled with their rapidly aging work force has them on a path of decline. In 10 years they will be more worried about where their food is going to come from than a gold backed currency
Simply YCC or Yield Curve Control like Japan. Inflation is capped but productivity and growth are almost anemic. FED targets 10 year, prints base current while setting TBills to zero ZIRP or even negative interest NIRP = Government debt service cash flow is contained or managed by Domestic Tax Receipts. Also the FED can increase Bank Reserves against Deposits from current 10% to say 30%. Banks are then forced to purchase UST (higher demand) which increases principal and also lowers yields.
@@garystrand8010 He appears to distinguish “currency controls” from what you are describing here. That’s why I am re-asking: what does he mean by “currency controls?” Besides, isn’t the current reserve requirement at zero (hence, banks don’t have to have “money”), not 10?
My sincerest apologies about the 10% reserve rate, yes now 0, because I take great pride in stating real facts. Thanks for the education. The Tool to increase the Federal Reserve Rate and set a yield PEG like WWII increasing UST demand and lowering yields is very real. Definitely a form of currency control. What Zulaf had specifically in mind about "currency controls", I too am not sure? Not much help.
Stocks aren't the real economy, and when you look at the S & P 500, only the Magnificent 7 is making any real gains. The other 493 companies are still back in 2022 territory. And even the Mag 7 have hurdles to climb next year, as the US consumer has exhausted their savings, and nearly half are living paycheck to paycheck. Plus consumer credit defaults and Bankruptcies are up, and commercial RE will have to pass a few more kidney stones as the banks' lending criteria tighten even more, and private equity finally gets the message that the smelly stuff takes its own sweet time to hit the fan.
Really? Perhaps you need to refresh your memory. Check out his interview for the Wealthion channel dated 8th December 2022. Then check your assumption he got 75% of his calls wrong. P.S. You can download the transcript, so you can check his assumptions word by word.
Hey everyone, Thanks for the 20,000 subs! I can't believe it. You all are the nicest people on the internet and make doing this show such a thrill.
I hope you all enjoy this conversation with Felix Zulauf as much as I did. I've wanted to interview him for ages! I'll definitely invite him back on the show in 2024. Let me know what you think in the comments section. Also, who do you want me to book as a guest in 2024? Let me know! 💙-Julia
This is time of the year Felix imparts his macro wisdom once a year.
Well done Julia for this podcast 🤶❤
It would be helpful if these videos had interview date clearly visible, so it timestamps the interview.
Dec. 14 😊
Indian households and temples own more gold than all the global central banks of the world combined in spite of the colossal loot carried out by the Western world during colonial period. Therefore, you won't see the Indian Central Bank seeing the need to accumulate much gold even though it is among the top ten in terms of gold reserves.
I have developed an appreciation for Julia’s interview style. She asks soft questions that encourage her guests to expound on their answers. Subscribed 😊
What does it mean when Felix says, “i don't believe our system can live with 8% treasury yields.?
Raising taxes even further would be a disaster, they need to schrink that bloated operation.
We need to stop the never ending wars
We need industrialization to broaden our tax base.
We need to get corporations out of government. They are too willing to sale their own country and people out by going to another country for cheaper wages.
They left behind thousands of buildings that paid wages which also bolstered the states via employment tax.
And the politicians went along with it.
Liked the interview, would love if you bring jeff snider back ask him about silent depression and how it will be fixed in the context of the world order changing, thanks.
Robert Prechter sees a few decades long bear 🐻 market 😨
Great guest. His insights are very helpful. Well done.
Economic investigator Frank G Melbourne Australia is still watching this very informative content cheers Frank 😊
He is all around nowadays, giving interviews.
I think he does interviews once per year. It's my first time speaking to him; I've wanted to for ages!
Thats a great interview, thank you Julia
Also, in another recent video on Thoughtful Money, ge says Ukraine provoked Russia! How?
It’s very hard to time the market I’ve been in since the 60s I can do it… I missed the third leg up I didn’t realize it’s coming?😮
Great analysis by Felix. Without appetite for Sovereign debt, we might have rate cuts without higher bond prices
Is Almost impossible to flip a coin and choose heads often
Diversification and lower returns seem like a more predictable strategy ❤
Great job Julia! Love your interview style and your ability to let expert guests like Felix explain these complex concepts. Congrats!
Thank you so much! That means a great deal to me. I love listening to and learning from my guests. 😊
Congratulations Julia for getting Felix on your podcast, he is one of two people I respect the most, the other being Russell Napier. 😊❤
Had subscribed a few weeks back.. great content Julia..
Thank you so much!!💙💙💙
A fabulous interview. Thanks.
Sorry I have no clue who this guy is but he shows no humility in these calls. Unreal
While I am no expert compared to the guest, I think his synopsis in the first five minutes is perfectly spot on
Thank you very much...
Happy to catch your show while traveling. Felix is a great guest. Thanks and Merry Christmas to you.
Thank you so much! Merry Christmas!
Now ask him about climate change
Homie has a degree in yapping, jeez
Tom Lee has called for SPX 5200 by DEC 2024.
DO-NOT BE FOOLED BY THIS NONSENSE
SPX? Lol.
Yes good job getting this guest!!
Zulauf is on Kreml;in payroll.
🏅🥈🏆🎉🎊😃✊
Good stuff
When the 2-10 year yield curve reverses the countdown to recession begins.Based on the length and depth of the current inversion it’s going to be a bad recession.I would say late 2024/early 2025.There’s time to invest , but keep your eye on the indicator mentioned.
Does congress needs to approve QE or can the fed take that decision without? Basically can Republicans block QE in 2024
👍🏻💛
He was wrong in his forecast of 2023 ...seems his outlook for 2024 is the same playbook. Will he be right this time?
Tom Lee and Felix Zulauf? Wow…these are big names! Darius Dale from Macro42 is a must to interview. He nailed it for 2023 also… big time 🥂
Those naughty BRIC countries putting their commodity prices up in the face of rising demand, instead of giving them away.
Thank you for the content I am particularly interested in the residential housing market. If you could ask questions around that topic for future. Videos, that would be great
This is my fourth, different Zulauf interview because each one has something additional to his overall themes.. He is prescient and well-grounded with an unmatched view.
They should just allow for a recession because right not incentives are screwy.
Would even a Republican administration “allow” that re-liquidification?
Julia, thanks for having Felix on. He really is very open and honest as any person I have ever seen.
I’m a new subscriber who has been watching many of Mr Zulauf’s interviews online. Love your style and especially enjoyed at the end when you asked him if there was anything that he would like to discuss it wasn’t in the interview loved it! I mean new fan.
Good idea to invite Felix. I love his broad perspectives. Thank you
Also Felix is great!!!
Thanks for posting
Thank you for the talk with Mr. Zulauf😊
How does CCP encourage Chinese to own gold?
So is one asset class that you can buy and hold is pm's?
He is a guru, how could you dare doubt his view
Wonderful insights and wealth of knowledge shared by Felix 👍thank you
Glad you enjoyed it!
I don't see china and russia producing a powerful gold backed currency over the next "10" years, if anything they are a couple of pissant countries that are going to be swept into the dustbin of history. china had a very nice run that lasted 35 years or so but they are on the downhill side now and have been since about 2015. What we witnessed in china was a flash in the pan which was driven in large part by demographic circumstance. Small retirement age group, small children group, and large working age group, coupled with a loosening of the communist/ totalitarian central planning system. Since xi became president in 2011 according to their own numbers the economy started to slow down and in 2015 their population started to shrink and recently the average age of the chinese surpassed that of the US and their ultra low birth rate (around 1) coupled with their rapidly aging work force has them on a path of decline. In 10 years they will be more worried about where their food is going to come from than a gold backed currency
Humans are always looking for food, or money.
How about silver?
This is a quality channel in finance. Happy to follow Julia in her excellent interviews.
Oh wow. Thank you so much. 😊💙
Thank you Julia .
Felix is the man.
WHEN????????????????
How about Lego?
Great job. Thank you.
Test
Awesome interview! Well done. That Raoul Pal interview was fire, too.
Thank you so much, Paul! Also, love the Blue Ridge Mountains. ⛰
@@TheJuliaLaRocheShow Beautiful hikes go well with awesome shows like yours.
A great video interview. I always enjoy listening to Felix Zulauf's rationale.
Isn't he wonderful? I enjoyed listening to him too.
What didference between him and tom lee..
I believe in having a diversity of views on this channel. ☺️
Bear vs Bull
🔥🙏🏾
How come Russia owns 2x as much gold as US?..
I'm not sure that it does. When I look up gold reserves by country the US has 8133 tonnes vs Russia with 2333 tonnes
@@ThyeWinterGardens Is he referring to the Russian public, then?
UNofficial holdings, similar to commercial/state banks and military and public al combined.
Russia has spent the last 20yrs buying. USA has spent the last fifty years selling.
@@marcopolotimetraveller Still, US should have a lot more, according to the figures. & Russia produces gold.
What does he mean by currency controls?
Simply YCC or Yield Curve Control like Japan. Inflation is capped but productivity and growth are almost anemic.
FED targets 10 year, prints base current while setting TBills to zero ZIRP or even negative interest NIRP = Government debt service cash flow is contained or managed by Domestic Tax Receipts.
Also the FED can increase Bank Reserves against Deposits from current 10% to say 30%. Banks are then forced to purchase UST (higher demand) which increases principal and also lowers yields.
@@garystrand8010 He appears to distinguish “currency controls” from what you are describing here. That’s why I am re-asking: what does he mean by “currency controls?” Besides, isn’t the current reserve requirement at zero (hence, banks don’t have to have “money”), not 10?
My sincerest apologies about the 10% reserve rate, yes now 0, because I take great pride in stating real facts. Thanks for the education. The Tool to increase the Federal Reserve Rate and set a yield PEG like WWII increasing UST demand and lowering yields is very real. Definitely a form of currency control.
What Zulaf had specifically in mind about "currency controls", I too am not sure? Not much help.
@@garystrand8010 He seems to distinguish between YCC & capital controls. So, there is no money in banks?! 😎
@@garystrand8010 You should watch Steve Hanke. Everybody else is below him, tbh.
As usual, another fantastic interview.
Stocks soar 50% in 2023. Bad things coming LOL
Stocks aren't the real economy, and when you look at the S & P 500, only the Magnificent 7 is making any real gains. The other 493 companies are still back in 2022 territory. And even the Mag 7 have hurdles to climb next year, as the US consumer has exhausted their savings, and nearly half are living paycheck to paycheck. Plus consumer credit defaults and Bankruptcies are up, and commercial RE will have to pass a few more kidney stones as the banks' lending criteria tighten even more, and private equity finally gets the message that the smelly stuff takes its own sweet time to hit the fan.
He has been so consistently wrong about most calls. Just look at his 2023 calls. Over 75 percent were wrong.
Really? Perhaps you need to refresh your memory. Check out his interview for the Wealthion channel dated 8th December 2022. Then check your assumption he got 75% of his calls wrong. P.S. You can download the transcript, so you can check his assumptions word by word.
🤣@@BigHenFor
NOOOO NEVER GOLD IS A YELLOW PET ROXK THAT WILL COLLAPSE ITS JUST A YELLOW PET ROCK BITCOIN IS NEW GOLD
😂