To win the game you gotta play with the same rules they do. A home could be exempt of tax if it's owned by a charity or church. If you have a faculty that meets, prays, and worships in earnest it could be considered a church and tax exempt. Or if you offer free educational content on TH-cam, you could qualify as an educational nonprofit as well. Anything the nonprofits own isn't subject to tax. Income, property, or gains.. Food for thought.
@@dustinmiller2775 I forget if that was an WEF, or IMF article but I definitely believe it's part of their 2030 plan. But just like I told Michael, play by their rules. Own nothing, but control everything. I own nothing but am in control of several businesses and trusts that do!
Every American balances their checkbook and tries to make wise financial decisions. Sometimes there is not enough money for emergency situations so borrowing becomes necessary. Our government throws money away on stupid stuff like a kid in a candy store! We give money to foreign countries that hate us and laugh at us for our donations. No crisis is too big to throw US taxpayer money at. They need to tighten their belts just like the rest of us do!! My primary concern is how to grow my reserve which has been sitting duck since forever with zero to no gains, sure I know the risks of short term gains are much greater but if well managed one'd make a killing, am I wrong?
People believe their currency has the worth it does because they have no other option. Even in a hyper-inflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
Kindly share the details for reaching your advisor. With inflation negatively affecting my funds, I'm in search of a more lucrative investment strategy to optimize their performance.
Colleen Janie Towe covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
No. Read the mortgage paperwork. In a hyperinflation economy, the banks will call the mortgage due before they get too far into the hole. The borrower will need to pay the mortgage loan off with cash or by taking out a new loan at the current rate which will not be available. Thus, the banks will take the asset that the mortgage or loan is on. They are not going to bankrupt the banks for the little guy to win. The borrower is not in charge. The banks are getting close to doing this now. If the interest rate keeps going up, they will have to stop the bleeding.
This guy's head is not screwed on right. Dam the rule dude the house will not let you win. If you play their game, you will take a hit every time. If what I read in the book The Great Taking is true, the little guy is about to get sucker punched so hard his great grandkids are going to feel it.
My paperwork was fixed with no clause. My home is paid off but I looked at old paperwork. Taxes are what will take everything from everyone. Anything you pay taxes on will belong to the government.
Understand this and never forget: ANY ASSET with a deed, a title, or an account number is subject to observation, regulation, taxation, and even confiscation. Gold and silver IN YOUR POSSESSION is the only widely transferable wealth that isn’t subject to counter party risk. And before you say crypto blah blah blah, you are subject to whether there is even an internet, firstly, and then, if you believe you aren’t subject to regulation you are fooling yourself. If you don’t hold your wealth in your hands, YOU DON’T OWN IT!!
This is where CDBC will step in.CBDC will be introduced when the hyperinflation moment closes in. Next ,bankers, governements, businesses and private will receive either each a different CBDC, or the spending and conversion rules will be different for each sector. Rigged game 2.0 , and game over for private people and businesses. EU cbdc law foundation has been finalised. they are now in phase 2 of the cdbc rollout.
And they'll bring your current debt into the new system. More than anything debt is control mechanism for which you will not be set free from by hyper inflation. Money is fake so there is no actual risk involved to lender. More money can and will be printed from thin air in any amount desired.
Correct. And with 99% of the public uneducated and distracted by bread and circuses, the global central banking cartels will get this done without a whole lot of pushback.
as someone who came from country that was effected with hyperinflation , to keep long story short, we had civil war and country was divided in multiple different countries. there is no hyperinflation without civil unrest or war
@freedomtalkmedia7310 doesn't happen overnight.. ot takes time. The difference is that once that snowball starts rolling, it is almost impossible to stop. And it only gets Biggers and Bigger over time
It can go both ways. Hyper inflation can happen before a civil war and be part of the pressure that kicks one off. During a civil war the money is worthless as a central bank controlling a fiat currency won't e recognized.
Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.
I agree. I have pulled in more than $435k since 2020 through my advisor. It pays off more in the long run to just pick quality stocks and ride with those stocks.
Fiduciary counselors have access to exclusive information and data sources that aren't available to the broader public. By heeding the guidance of my fiduciary counselor *Camille Alicia Garcia* ,I managed to generate earnings exceeding $820,000 during the third and fourth quarters of 2022. I have high expectations for continued success.
The most common coins used in Ancient Rome was the denarius and it was made of silver and not gold. And it was the denarius that they kept decreasing the amount of precious metal in.
Silver was always the “people’s” money, a denarius was commonly viewed for many generations as a fair payment for a full days wage. Silver is the government fiat bankers kryptonite, it’s the bank killer… hence why the establishment goes to such great lengths to keep silver out of the minds and hands of the masses and controlled by the established financial and industrial class.
So coins with grooves on the edges was brought around because back then every one that touched the coins made out of rare metal would file just a little off every coin till the weight got really off then no one would accept the coin any more
This is in law regardless of capitalist motives. You agree to pay a fixed sum. Just because the sum no longer has the buying power it once had does not entitle the lender any extra compensation. It is the way the Americans cookie crumbles.
Yeah there is some Canadian dude with a channel saying that the US public would be subject to a new currency rated for the value of the debted asset(s). I was like dude you like in Canada why are you flexing for the banks and fed in the US? Nolan Matthias channel. Very weird.
This is why you should only borrow money on appreciating assets that produce income. Rental property or a business. Never borrow on depreciating assets, unless they produce an income such as a piece of machinery (bulldozer) or a tractor trailer that has a utility that people will pay for.
After the Hyperinflation in the Weimar Republic the mortgage loans were partly reevaluated by law so don't expect to come out debt free after such an event.
Precisely, even though the largest borrower is the goverment they're in control of the money so they essentially don't have to pay it back but they can still make you pay back your share and even if they don't your actual lender i.e bank will.
Do more research. Everybody knows the publicly available statistic fact: The best and safest asset to move your money is Bitcoin and Ethereum. They will continue digging up more gold and lead… but there will never be more than 21 Million Bitcoins EVER available. BTC is deflationary and its value will only continue to increase as it’s been for the last decade. That’s why the biggest asset manager in the entire World, BlackRock is all in on Bitcoin.
The problem with borrowing money to buy a rental property is the assumption that you’ll always collect the rent to pay the mortgage. The issue I’ve had is that 50% of my renters either don’t pay rent on time or don’t pay rent for months. Then you have the overhead of hiring an attorney and court costs to get the dead beats out. You can go months with no rental income. You still have to pay the mortgage, the insurance, the taxes and the up keep. There’s a big gamble there. Best to buy rentals in full cash sale. Have cash reserves to pay the taxes and insurance.
Yup. I know a wealthy guy who bought a bunch of rental property for some residual income. After a few years of dealing with the headache, he sold it all and just bought bitcoin.
Rental properties have become a worse and worse deal as time has gone on. Look what the rent moratorium for C19. The govt can just come in and say “you now have to pay to house people”
@@jth_printed_designs yea, I went two years without rent because of that ‘moritorium’. The government bastards cost me thousands and I could do nothing about it. The one couple broke back in the house I was finally able to get them evicted from. Mind you they had two new cars, thousands in shoes. Who collects $14000 in shoes? These people did. When they broke back in they stole the carpet, busted windows and lights and stole whatever they could away with. They even crawled onto the roof and tore up shingles. Who does that? The neighbors watched and did nothing. They did this the day after they were evicted. All within a few hours. I pressed charges and they split town. There’s a warrant out for their arrest but I doubt anything comes of it. The cops don’t care, the legal system doesn’t care. It’s all a monstrosity that should be gutted and redone. Im so pissed with all these people.
Since the debt crisis could unleash carnage on the stock market leading to economic downturns. We need to be prepared for potential market volatility. how can I secure my $600K stock portfolio against declining?
Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a coach or other professional for advice.
I talk a lot about how important it is to have an advisor.This kept me afloat and increased my $450,000 portfolio by 48% in just 4 months.They have strategies that are tailored to your long-term goals and your desired financial situation.
My advisor is Vivian Carol Gioia, 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 just looked her up on the internet and found her webpage with her credentials. I wrote her outlining my financial objectives and planned a call with her.
I think the problem we’re facing is the stock market is rising much faster than wages. If wages start to balance with inflation as the stock markets come down unemployment is the next step. Let’s face it. The dollar is not designed as a means of currency exchange but rather as a wealth transfer system to increase the gap between the rich and the poor.
The problem is not rising. The problem is by design. Cattle made of people has to believe in stock and bring money to sign off the bubble of currency. The reasoning for signing off is invisible hands of market. People who are not cattle understand that every social process is managed: monitored and controlled. Economical processes are a subset of social processes. So naturally the theater of stock market is managed as well. That is how Russia with real (!) 2 % of world economy copes with 51 countries formally representing more than fake (!) 50 % of world economy. You cannot defeat real thing with a fake.
Fiat currency was designed to let the government gain infinite value from the people while leaving the people destitute. That's why a central bank is 90% of communism. Once that is established the rest just happens.
While I agree with most of what you said, I definitely disagree with the idea that pay has increased to meet inflation. From what I see daily, pay is way behind inflation and has been for decades. The percentage of a single income needed to survive or even be considered “working poor” , has been surpassed to the point that the idea of owning a home in your 20s is a pipe dream. My father bought his home at 27 years old and we lived well enough to have food, savings, and take vacations. My mother stayed home to raise the kids. He didn’t have a job that was particularly well paid. I don’t even know if this is possible in todays economy without multiple incomes.
I spent years as a financial advisor. People's poor spending habits are far more of a problem than their wages. Incomparable really. I would consistently meet people making good money with 0 saved. Worse, they owe on cars and credit cards, student loans for unused degrees... There was a sweet spot where people earning in the middle were better with money than d.i.n.k.s. with high income. Stack lead and silver. Learn homeopathic remedies, learn to grow and harvest off the land.
@@superwhitt21 there’s definitely a lot of that as well. that being said, I don’t think a financial advisor would be having too many conversations with working poor. By that I mean making the bills only and no money for really anything but surviving. Just making the bills. Also, my perspective may be different than others, because I live in an area where it’s pretty expensive to live.
As Voltaire once quipped, "All Fiat currency eventually reaches its intrinsic value, which is Zero". Does the phrase "Not worth a Continental" ring a bell?
...or your tenants trash the place, or there's a pandemic so you're not allowed to kick tenants out for not paying. Stuff happens, so you need to keep an emergency fund.
I get the compensation for risk of not getting paid back and loss of spending power, but only if the lender is actually using the money have they on hand. That is not what actually happens with banks though.
It's like we created a system where a good majority of the population has a job of "investing." Nothing actually gets produced by these people. We just see them as stewards of a their industry. All they do is offer incentive for OTHERS to produce... Which can be completed in many ways other than adding a mouth to feed that doesn't actually produce anything.
The banks will figure a way to save 5hemselves by convincibg the government to convert debt into the new currency that always pops up during hyper inflation. So it's best to pay that debt as much as possible if your government is rumored to make a new cash system.
Thats very smart. People think that bankers and corrupt political type didn't think of what might happen if we hyper inflated or moved to a new currency. Of course they did and they have snakes and pointy sticks waiting in the hole for those that are foolish enough to believe they didnt to fall into.
Variable rates are normal for morgages in many countries in Europe. While in the USA fixed ones are refinanced periodically. Someone could do a video on how these things are geographically.
Yeah 5 year max to lock in a loan in Australia which we do. Hard to pay off a loan at Venezuela interest rates when hyperinflation eventually comes which it will, but the bank can call in your loan anytime they want…
You obviously don’t know how the mortgage market works. Banks don’t hold the debt. They sell off the note/mortgage and the primary buyer is Fannie/Freddie.
His last point is the key one. The reason why the federal government is not worried about the debt, Is that they have the power of the printing press. When the debt becomes unpayable, they just continued to print money until it all becomes worthless. This is why I think that bitcoin and all the others will become illegal soon. The government does not want you to be able to transfer money out.
The inflation that will destroy the currency has already been created. It is when markets fail and everyone tries to liquidate their collateral that hyperinflation occurs and it is game over.
aint that excellent timing like 1929 for billionaires with cash around to scoop up huge chunks of wealth with -90% discount of normal price.... maybe high volatility is easier to happen in already higher inflation times. To create inflation, governments very often did "QE" with excuse to stimulate economy... .well most of that money went straight to wallstreet and biggest corporation wealth, suggesting this kind of scheme is likeliest to happen again. Companies with any buffer and solid cashflow products will survive over this period. Those zombies with no buffers and lived like beggars with extreme growth/bonus mindset, will collapse overnight.
Except socialist states like CA grants tenants years of rent free living while the homeowner still owes the mortgage and property taxes. Also precious metals are heavily suppressed in the future paper mkt. SBF should preside over precious metals trading.
Not if you have a fixed mortgage with no call provision. Which is the only type of mortgage I would contract. I would also require a no prepayment penalty clause. People think their banker is their friend….
Prices have actually been going up for 3 decades now. People have been complaining over COL for that long, and thereby their wages did not go up otherwise they not complain constantly up to this point. If wages are not as fast as rest of inflation, then it is pointless.
@@InvestwithWesley problem is the assets are they has been going up so fast like RE. Stock market has been proven to be rigged. Just look at what hap with GameStop. I never trust the “markets”.
@@MbisonBalrogI think you're mixing timelines. Assets move up long term, and move up higher with inflation. When the FED fights the inflation, prices go down in the short term. GME is not rigged, it was a terrible company to invest in with almost zero profit but turned into a very popular stock due to a bunch of people on Reddit. No proper investment advisor would have ever recommended you buy into GME. I know I never recommended it to any of my clients. For further proof of what I'm saying just look at the SP 500 since COVID. All that inflation pushed us up so high and sure we're in a bit of a downturn right now but look how high we still are even compared to the downturn. The games are not rigged, only people aren't taught how to play
@@InvestwithWesley FED did not fight inflation for long time. Assets continue rise even after GFC with maybe a short downturn. If you can’t afford basics forget about investing/speculating plus it was asset inflation that preceding all else these past decades. Only way for this generation to buy in was to buy in instead of learning math in middle school cuz that when they needed to start.
The banks will "simply" re-assign the new rates to all the borrowers, instead of your 2%, it will be 200% - because there are small fonts in the bottom of the page which allow banks to do so. The system will always fuck an individual.
That's not how it works. Your mortgage is a binding contract and sure the big wigs don't play by the same rules but never in history has a fixed mortgage been "simply reassigned"
@@InvestwithWesley never in history, US bankindlg industry seen triple-quadruple hyperinflation numbers...in your video you are assuming that in extraordinary circumstances banking will apply regular measures. Will never happen.
I have two credit cards that we rarely use. Both have locked interest rates through my credit union. I would never open an account with a floating interest rate. You're correct,, very bad!
Unfortunately, there's one serious flaw in this thinking. Most mortgages have a fine print, in which the lender can call the loan on a mortgage, demanding payment in full before the borrower has enough to pay it off. They can do this, even if the borrower is up on all his/her payments. It's a safeguard for the lenders in such a situation. Even in the great depression, which was not a hyperinflation situation, countless people lost their homes.
Great video two thumbs up👍👍. My question is when the banks steal the depositors money and the FDIC pays off the derivative market. Is there some sort of scam where the bank credit card market which is probably $1 trillion can come after the real estate homeowner for the balance. even though technically, it’s a unsecured debt. After all the Dodd Frank law were the bankers can steal their depositors money, including retirement, and investment. Is there any hidden snare for the three big investment houses example black rock, State Street, I’m drawing a blank on the third one, but I know it.
That is called a 'bail in' where the banks steal your deposits for their nefarious casino like purposes. Either keep it under then matrice or in a bank that is Too Big To Fail. In Australia, First $ 200k is underwritten by gov.
@@benstr8156depends on the kind of bankruptcy. It's very difficult to get chapter 7 these days.most courts will force you into chapter 13.chapter 13 doesn't reduce your amounts owed so much as freezes interest and forces a repayment plan on debt.
From the immediate start, this video gives a false datum. A bank lending you money, when it is done under the fractional reserve system, is NOT deoriving themselves of the use of that money. The money is CREATED at the moment of borrowing, as long as the bank has a certain fraction of the amount in reserves. Thus there is ZERO risk to the bank. In fact, the signed loan agreement becomes a tradable asset.
To add to the complexity population has always grown and so inflation was natural. But what happens when you have population growth falling and in more countries becoming negative. Migration will then be necessary to sustain the system, in an inflationary mode. Also how does the new currency affect global trade, when other countries might not have the same policy as the US's and if their currency is based on a basket of commodities. Does the debt with other countries suddenly erase or can the other country request payment in commodities. In an isolated system it is easy to play with the currency but in globalized world not quite so easy. I've never liked the play on currency so have always exchanged money for assets, like land and precious metals, held in trust or anonymously.
Real wages in the US have only increased 0.7% from 1973 to 2022, according to the latest data available. Maybe wages would increase quicker in a hypothetical hyperinflationary event, but as of the last 50 years they have remained flat.
What you are ignoring here is that the employer may not be able to continue to pay higher and higher wages based upon the product they produce. Inflation overall sucks the finances out of any system and those who can avoid ANY debt at all are still losers in inflation as their cash assets lose value and the inflation goes where? Into the pockets of whoever is holding the final exchange holder, whether it is the government or the fiat currency creator. Inflation creates winners and losers. The winners are those who can gain assets with their value losing currency and the losers are those who must sell their assets to survive.
Yes, in Poland over 30 years ago, government cuts four zeros so 1000 zl be came 1 zł Many people saying 1 BTC will worth a million USD, but maybe enough to buy a car? Thanks
If things go bad, the solution is to have an actual community surrounding you; ie. Armed citizens who will defend you when you decide you all aren't going to play their game.
We have greedflation. Someone on TV said inflation so the CEOs used it as an excuse to raise profits. It's what I would do as a CEO. A CEO has ONE obligation, to creat value for the shareholders. If overcharging customers , cutting quality and underpaying employees creates value , you di it. If promoting propaganda that blames someone else for this allows more profit you do so. And these is a lot of money to be made using inflation as an excuse.
What gets me is that I'm not sure there's a viable non-first currency. Gold isn't practical as currency because it's too hard to authenticate (see gold testing videos) for casual transactions. Banking would create the same inflation pressures as fiat too Bitcoin, etc is too volatile. I can't collect rent in a currency that can go +/- 15% in days/weeks.
I agree and have been considering this as well. I believe BTC is the final solution but we're not there yet. Maybe something like the Swiss Franc or other foreign currency that's backed by gold oil or another commodity
Impossible to do any more but when you are able to get loans, with 0% interest you are better off still.. in my case I purchased both my cars in 19 seeing where things were going both cars are at 0%.
Why would the ONLY way out of credit card debt during a hyperinflationary event be to default? Wouldn't the value of the debt be inversely proportional to the amount of money in the system? And, if so, wouldn't that mean that a hyperinflationary scenario would put the debt at the limit of the function, effectively rendering the debt null and void?
There is one problem with option 1 which you mentioned.. What is the lender going to do with the worthless currency the borrower is paying them? somebody will.lose and those losses will have to born by multiple people so it will affect the whole chain not just that one lender. The central banks won't sit idle as the currency is falling. They will raise interest rates to prevent the fall of the currency and therefore increasing the interest payment as well in correlation to the amount of inflation.
That would work except the government increases liquidity faster than the FED removes it. And that liquidity(debt bonds) carries an interest coupon eating a greater amount of said liquidity as rates go up. That circle jerk will be exposed in the currency markets and acted upon @ some point.
@@Newlinjim liquidity does not come from the governments but the federal reserve. As long As people are buying government bonds the federal reserve will keep printing but only when the credit rating really goes under and bond buyers start demanding higher rates or altogether refuse to lend then its Armageddon.
The banks have already protected themselves. The last to be get any money left after a failure is the little guy who put his dollars in the bank. Same with stocks.
In hyperinflation wages go up drastically??? This guy is too young our ignorant on history. Couldn’t listen past that line. We’ll see how he did in a few years.
Sorry, you're under the belief that wages will keep pace with inflation, don't think so. The only thing that will sky rocket is the cost of goods. I'm with Dave Ramsey, stay out of debt and if you have money in a portfolio and debt your are borrowing money to invest, if the market collapses the bank won't forgive your debt.
If you use margin / debt to take naked risk you don't deserve to have your debt forgiven. But just an FYI, the same Mutual Funds Ramsey preaches that get 12, 14, 18+ returns. Almost all of them use margin to increase returns.
i wish your fantasy senerio would come true ...my holdings in gold will go thru the roof..But your leadng out alot of negative reprocussions of hyper inflation.. Young man...its not Fun living in that world..!!!
@@InvestwithWesley People need the truth....if they perceive it as gloom and doom there is no helping them anyway. For those who receive it, it may save a life
No, not no matter the price because prices will come down so you will lose equity if you buy to high. But converting any variable debt to fixed interest is a great step as well as buying assets of any kind, properties, businesses and franchises, or even stocks
You did not make enough research. Government will recalculate your debt to new currency but pays its obligations as for old one, banks will perform scams revaluation of savings as well. It all happened in Poland in 90's.
I recommend 2is1 - it's a youtube channel for new gold & silver investors - he doesn't push anything, just gives solid no nonsense advice for small timers. and no, I'm not connecdted to him or get a commission or anything
Basically you have paper/bullion. If you do paper make sure it’s allocated. If you do bullion make sure it’s secure. Be aware the IRS defines precious metals as ‘collectibles’ under the tax code so familiarize yourself with the code.
Does every single video have to start with the basics????? Let me start at the beginning of time before I get to the answer to the question posed in the title
When your property taxes are $485,000 per year, a paid for house won’t matter. They WANT YOU HOMELESS.
To win the game you gotta play with the same rules they do.
A home could be exempt of tax if it's owned by a charity or church. If you have a faculty that meets, prays, and worships in earnest it could be considered a church and tax exempt. Or if you offer free educational content on TH-cam, you could qualify as an educational nonprofit as well. Anything the nonprofits own isn't subject to tax. Income, property, or gains..
Food for thought.
@@InvestwithWesley i.e, You will own nothing and be happy. 🤨
@@dustinmiller2775 I forget if that was an WEF, or IMF article but I definitely believe it's part of their 2030 plan.
But just like I told Michael, play by their rules. Own nothing, but control everything. I own nothing but am in control of several businesses and trusts that do!
In Australia the home is tax Capital gains tax free - a main reason why our home prices are near the most expensive in the world.
facts!
Every American balances their checkbook and tries to make wise financial decisions. Sometimes there is not enough money for emergency situations so borrowing becomes necessary. Our government throws money away on stupid stuff like a kid in a candy store! We give money to foreign countries that hate us and laugh at us for our donations. No crisis is too big to throw US taxpayer money at. They need to tighten their belts just like the rest of us do!! My primary concern is how to grow my reserve which has been sitting duck since forever with zero to no gains, sure I know the risks of short term gains are much greater but if well managed one'd make a killing, am I wrong?
People believe their currency has the worth it does because they have no other option. Even in a hyper-inflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
Kindly share the details for reaching your advisor. With inflation negatively affecting my funds, I'm in search of a more lucrative investment strategy to optimize their performance.
Colleen Janie Towe covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
No. Read the mortgage paperwork. In a hyperinflation economy, the banks will call the mortgage due before they get too far into the hole. The borrower will need to pay the mortgage loan off with cash or by taking out a new loan at the current rate which will not be available. Thus, the banks will take the asset that the mortgage or loan is on. They are not going to bankrupt the banks for the little guy to win. The borrower is not in charge. The banks are getting close to doing this now. If the interest rate keeps going up, they will have to stop the bleeding.
Thank you for sharing that knowledge, I thought there was a catch.
I didn’t see any call features in any mortgage paperwork I have ever signed
This guy's head is not screwed on right. Dam the rule dude the house will not let you win. If you play their game, you will take a hit every time. If what I read in the book The Great Taking is true, the little guy is about to get sucker punched so hard his great grandkids are going to feel it.
The 100-year anniversary of 1929 is all most here. Will history repeat itself again? When a person forgets history, he will be dom .
My paperwork was fixed with no clause. My home is paid off but I looked at old paperwork. Taxes are what will take everything from everyone. Anything you pay taxes on will belong to the government.
Understand this and never forget: ANY ASSET with a deed, a title, or an account number is subject to observation, regulation, taxation, and even confiscation. Gold and silver IN YOUR POSSESSION is the only widely transferable wealth that isn’t subject to counter party risk. And before you say crypto blah blah blah, you are subject to whether there is even an internet, firstly, and then, if you believe you aren’t subject to regulation you are fooling yourself. If you don’t hold your wealth in your hands, YOU DON’T OWN IT!!
The whole point of blockchain is that there is a digital trail. These people are fooling themselves in thinking it is beyond government control.
This is where CDBC will step in.CBDC will be introduced when the hyperinflation moment closes in. Next ,bankers, governements, businesses and private will receive either each a different CBDC, or the spending and conversion rules will be different for each sector. Rigged game 2.0 , and game over for private people and businesses. EU cbdc law foundation has been finalised. they are now in phase 2 of the cdbc rollout.
And they'll bring your current debt into the new system. More than anything debt is control mechanism for which you will not be set free from by hyper inflation. Money is fake so there is no actual risk involved to lender. More money can and will be printed from thin air in any amount desired.
Correct. And with 99% of the public uneducated and distracted by bread and circuses, the global central banking cartels will get this done without a whole lot of pushback.
In Venezuela politicians and their friends got an exchange rate of 1 to 10 while civilians had 1 to 10000
Do you own qnt?
YOUD STILL BE A POOR REGARDLESS
as someone who came from country that was effected with hyperinflation , to keep long story short, we had civil war and country was divided in multiple different countries.
there is no hyperinflation without civil unrest or war
100%
I'm sorry you had to go through that, and are stuck repeating your past with our economic storm rn. Stay positive, stay safe!
There is one happening now or just happened in Argentina and it didn't result in that
@freedomtalkmedia7310 doesn't happen overnight.. ot takes time. The difference is that once that snowball starts rolling, it is almost impossible to stop. And it only gets Biggers and Bigger over time
It can go both ways. Hyper inflation can happen before a civil war and be part of the pressure that kicks one off. During a civil war the money is worthless as a central bank controlling a fiat currency won't e recognized.
So gold , silver bars , 2 years of food , cash , and ammo and medicine. What else should I get ???????
Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.
I agree. I have pulled in more than $435k since 2020 through my advisor. It pays off more in the long run to just pick quality stocks and ride with those stocks.
@@maryHenokNft Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems.
Fiduciary counselors have access to exclusive information and data sources that aren't available to the broader public. By heeding the guidance of my fiduciary counselor *Camille Alicia Garcia* ,I managed to generate earnings exceeding $820,000 during the third and fourth quarters of 2022. I have high expectations for continued success.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
The most common coins used in Ancient Rome was the denarius and it was made of silver and not gold. And it was the denarius that they kept decreasing the amount of precious metal in.
Silver was always the “people’s” money, a denarius was commonly viewed for many generations as a fair payment for a full days wage. Silver is the government fiat bankers kryptonite, it’s the bank killer… hence why the establishment goes to such great lengths to keep silver out of the minds and hands of the masses and controlled by the established financial and industrial class.
So coins with grooves on the edges was brought around because back then every one that touched the coins made out of rare metal would file just a little off every coin till the weight got really off then no one would accept the coin any more
@@CaptCrunch106apparently silver is the cheapest commodity on the planet. IMHO that is because the USD price is manipulated in futures markets.
@@DavidAKZ is common knowledge the comex manipulates silver and gold price thanks to jp Morgan. Two of their comex traders just got prison sentences.
This is in law regardless of capitalist motives. You agree to pay a fixed sum. Just because the sum no longer has the buying power it once had does not entitle the lender any extra compensation. It is the way the Americans cookie crumbles.
Yeah there is some Canadian dude with a channel saying that the US public would be subject to a new currency rated for the value of the debted asset(s). I was like dude you like in Canada why are you flexing for the banks and fed in the US? Nolan Matthias channel. Very weird.
This is why you should only borrow money on appreciating assets that produce income. Rental property or a business. Never borrow on depreciating assets, unless they produce an income such as a piece of machinery (bulldozer) or a tractor trailer that has a utility that people will pay for.
Exactly! Spend money to make more money
Rental properties bring lots of government regulations, deadbeat tenants and can be illiquid. Avoid!
After the Hyperinflation in the Weimar Republic the mortgage loans were partly reevaluated by law so don't expect to come out debt free after such an event.
Precisely, even though the largest borrower is the goverment they're in control of the money so they essentially don't have to pay it back but they can still make you pay back your share and even if they don't your actual lender i.e bank will.
@@TheGladiator189central banks as private institutions are in control of money supply.
Exactly, no escaping their debt obligation.
You owe you pay.
Banker Mafia wants their cut!
Silver, gold, lead and land are the 4 best assets to invest in to survive hyper inflation.
Won't be able to keep your land when property tax goes up by 100000 percent.
@@charlebrownga that's what the lead is for.
@@plop55🎉
@@charlebrowngaThat's where lead comes into play, imho.
Do more research. Everybody knows the publicly available statistic fact: The best and safest asset to move your money is Bitcoin and Ethereum. They will continue digging up more gold and lead… but there will never be more than 21 Million Bitcoins EVER available. BTC is deflationary and its value will only continue to increase as it’s been for the last decade. That’s why the biggest asset manager in the entire World, BlackRock is all in on Bitcoin.
The problem with borrowing money to buy a rental property is the assumption that you’ll always collect the rent to pay the mortgage. The issue I’ve had is that 50% of my renters either don’t pay rent on time or don’t pay rent for months. Then you have the overhead of hiring an attorney and court costs to get the dead beats out. You can go months with no rental income. You still have to pay the mortgage, the insurance, the taxes and the up keep. There’s a big gamble there. Best to buy rentals in full cash sale. Have cash reserves to pay the taxes and insurance.
Yup. I know a wealthy guy who bought a bunch of rental property for some residual income. After a few years of dealing with the headache, he sold it all and just bought bitcoin.
Rental properties have become a worse and worse deal as time has gone on. Look what the rent moratorium for C19. The govt can just come in and say “you now have to pay to house people”
@@jth_printed_designs yea, I went two years without rent because of that ‘moritorium’. The government bastards cost me thousands and I could do nothing about it. The one couple broke back in the house I was finally able to get them evicted from. Mind you they had two new cars, thousands in shoes. Who collects $14000 in shoes? These people did. When they broke back in they stole the carpet, busted windows and lights and stole whatever they could away with. They even crawled onto the roof and tore up shingles. Who does that? The neighbors watched and did nothing. They did this the day after they were evicted. All within a few hours. I pressed charges and they split town. There’s a warrant out for their arrest but I doubt anything comes of it. The cops don’t care, the legal system doesn’t care. It’s all a monstrosity that should be gutted and redone. Im so pissed with all these people.
@@jth_printed_designsthat should have woke all the leveraged real estate ‘investors’ up.
Since the debt crisis could unleash carnage on the stock market leading to economic downturns. We need to be prepared for potential market volatility. how can I secure my $600K stock portfolio against declining?
Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a coach or other professional for advice.
I talk a lot about how important it is to have an advisor.This kept me afloat and increased my $450,000 portfolio by 48% in just 4 months.They have strategies that are tailored to your long-term goals and your desired financial situation.
@@PhilipDunk Please can you leave the info of your investment advisor here? I’m in dire need for one.
My advisor is Vivian Carol Gioia, 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 just looked her up on the internet and found her webpage with her credentials. I wrote her outlining my financial objectives and planned a call with her.
I think the problem we’re facing is the stock market is rising much faster than wages. If wages start to balance with inflation as the stock markets come down unemployment is the next step. Let’s face it. The dollar is not designed as a means of currency exchange but rather as a wealth transfer system to increase the gap between the rich and the poor.
The problem is not rising. The problem is by design. Cattle made of people has to believe in stock and bring money to sign off the bubble of currency. The reasoning for signing off is invisible hands of market. People who are not cattle understand that every social process is managed: monitored and controlled. Economical processes are a subset of social processes. So naturally the theater of stock market is managed as well. That is how Russia with real (!) 2 % of world economy copes with 51 countries formally representing more than fake (!) 50 % of world economy. You cannot defeat real thing with a fake.
I call that the Tetris effect.
@@TheRVSNJeffrey Epstein \ Maxwell cabal is a glimpse behind the theater curtain .
Fiat currency was designed to let the government gain infinite value from the people while leaving the people destitute. That's why a central bank is 90% of communism. Once that is established the rest just happens.
While I agree with most of what you said, I definitely disagree with the idea that pay has increased to meet inflation.
From what I see daily, pay is way behind inflation and has been for decades.
The percentage of a single income needed to survive or even be considered “working poor” , has been surpassed to the point that the idea of owning a home in your 20s is a pipe dream. My father bought his home at 27 years old and we lived well enough to have food, savings, and take vacations. My mother stayed home to raise the kids. He didn’t have a job that was particularly well paid.
I don’t even know if this is possible in todays economy without multiple incomes.
I spent years as a financial advisor. People's poor spending habits are far more of a problem than their wages. Incomparable really. I would consistently meet people making good money with 0 saved. Worse, they owe on cars and credit cards, student loans for unused degrees... There was a sweet spot where people earning in the middle were better with money than d.i.n.k.s. with high income. Stack lead and silver. Learn homeopathic remedies, learn to grow and harvest off the land.
@@superwhitt21 there’s definitely a lot of that as well. that being said, I don’t think a financial advisor would be having too many conversations with working poor. By that I mean making the bills only and no money for really anything but surviving. Just making the bills. Also, my perspective may be different than others, because I live in an area where it’s pretty expensive to live.
As Voltaire once quipped, "All Fiat currency eventually reaches its intrinsic value, which is Zero". Does the phrase "Not worth a Continental" ring a bell?
Yep I find it strange because it's essentially a law of nature that all un backed currency will fail
The Weimar Republic is becoming increasingly relevant in multiple different ways
You fail to mention the risk of owning rental property is making the payments if the property is vacant.
If you cant bear that liability you cant afford a rental property
...or your tenants trash the place, or there's a pandemic so you're not allowed to kick tenants out for not paying. Stuff happens, so you need to keep an emergency fund.
I get the compensation for risk of not getting paid back and loss of spending power, but only if the lender is actually using the money have they on hand. That is not what actually happens with banks though.
It's like we created a system where a good majority of the population has a job of "investing." Nothing actually gets produced by these people. We just see them as stewards of a their industry. All they do is offer incentive for OTHERS to produce... Which can be completed in many ways other than adding a mouth to feed that doesn't actually produce anything.
Finally a GREAT explanation of what would happen !!!!!!!! Nice work!
Glad you enjoyed it! Love the feedback!
The banks will figure a way to save 5hemselves by convincibg the government to convert debt into the new currency that always pops up during hyper inflation.
So it's best to pay that debt as much as possible if your government is rumored to make a new cash system.
Thats very smart. People think that bankers and corrupt political type didn't think of what might happen if we hyper inflated or moved to a new currency. Of course they did and they have snakes and pointy sticks waiting in the hole for those that are foolish enough to believe they didnt to fall into.
Thank You For Explaining This Topic So Simple and Clear Will Be Paying All Credit Cards Off Soon Thanks Again.
Glad I could help!
Variable rates are normal for morgages in many countries in Europe. While in the USA fixed ones are refinanced periodically.
Someone could do a video on how these things are geographically.
Yeah 5 year max to lock in a loan in Australia which we do. Hard to pay off a loan at Venezuela interest rates when hyperinflation eventually comes which it will, but the bank can call in your loan anytime they want…
Banks will change the rules you won’t get away with paying off a house with inflated money once it reaches a certain point
You obviously don’t know how the mortgage market works. Banks don’t hold the debt. They sell off the note/mortgage and the primary buyer is Fannie/Freddie.
They can inflate away the gov debt and change the IR on your fixed rate at the same time
I love a man with a good head on his shoulders! Thanks for this video brother. I wish you the very best.
One can have a fixed rate mortgage; however, property tax and home insurance will rise.
His last point is the key one. The reason why the federal government is not worried about the debt, Is that they have the power of the printing press. When the debt becomes unpayable, they just continued to print money until it all becomes worthless. This is why I think that bitcoin and all the others will become illegal soon. The government does not want you to be able to transfer money out.
Careful. The USD price of BTC can be manipulated in futures markets. Google CME BTC Quotes.
The inflation that will destroy the currency has already been created. It is when markets fail and everyone tries to liquidate their collateral that hyperinflation occurs and it is game over.
aint that excellent timing like 1929 for billionaires with cash around to scoop up huge chunks of wealth with -90% discount of normal price.... maybe high volatility is easier to happen in already higher inflation times. To create inflation, governments very often did "QE" with excuse to stimulate economy... .well most of that money went straight to wallstreet and biggest corporation wealth, suggesting this kind of scheme is likeliest to happen again. Companies with any buffer and solid cashflow products will survive over this period. Those zombies with no buffers and lived like beggars with extreme growth/bonus mindset, will collapse overnight.
@@effexon yep, cashflow is everything.
@@effexonlet's not forget (naked) short selling.
Except socialist states like CA grants tenants years of rent free living while the homeowner still owes the mortgage and property taxes. Also precious metals are heavily suppressed in the future paper mkt. SBF should preside over precious metals trading.
However, mortgage companies are allowed to revalue your debt or simply call it due.
I don't think that's true. You have a mortgage contract. Those terms cannot change.
@@benstr8156 most of them can change the terms its in the small print.
Yeap . Predatory lenders lend you the money , then unexpectedly call in the loan at pennies in the $ , then sell to their friends for enormous profit.
Not if you have a fixed mortgage with no call provision. Which is the only type of mortgage I would contract. I would also require a no prepayment penalty clause. People think their banker is their friend….
I do t think Dave Ramsay denies good debt exists, just that the vast majority of people aren’t responsible enough to not use debt for bad reasons.
Prices have actually been going up for 3 decades now. People have been complaining over COL for that long, and thereby their wages did not go up otherwise they not complain constantly up to this point. If wages are not as fast as rest of inflation, then it is pointless.
Agree, they hardly go up as fast as inflation does. But that's the importance of buying assets, those assets will go up with inflation
@@InvestwithWesley problem is the assets are they has been going up so fast like RE. Stock market has been proven to be rigged. Just look at what hap with GameStop. I never trust the “markets”.
@@MbisonBalrogI think you're mixing timelines. Assets move up long term, and move up higher with inflation.
When the FED fights the inflation, prices go down in the short term.
GME is not rigged, it was a terrible company to invest in with almost zero profit but turned into a very popular stock due to a bunch of people on Reddit. No proper investment advisor would have ever recommended you buy into GME. I know I never recommended it to any of my clients.
For further proof of what I'm saying just look at the SP 500 since COVID. All that inflation pushed us up so high and sure we're in a bit of a downturn right now but look how high we still are even compared to the downturn.
The games are not rigged, only people aren't taught how to play
@@InvestwithWesley FED did not fight inflation for long time. Assets continue rise even after GFC with maybe a short downturn. If you can’t afford basics forget about investing/speculating plus it was asset inflation that preceding all else these past decades. Only way for this generation to buy in was to buy in instead of learning math in middle school cuz that when they needed to start.
@@InvestwithWesley and little guys should have become rich off the Gamstop fiasco but the rich put stop to it. That is definition of rigged.
The banks will "simply" re-assign the new rates to all the borrowers, instead of your 2%, it will be 200% - because there are small fonts in the bottom of the page which allow banks to do so. The system will always fuck an individual.
Or call out the loan with immediate effect, and if you do not have money they will size property.
@@michaewelina7983 Exactly!
That's not how it works. Your mortgage is a binding contract and sure the big wigs don't play by the same rules but never in history has a fixed mortgage been "simply reassigned"
@@InvestwithWesley never in history, US bankindlg industry seen triple-quadruple hyperinflation numbers...in your video you are assuming that in extraordinary circumstances banking will apply regular measures. Will never happen.
@@InvestwithWesley "A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain." - Robert Frost
I have two credit cards that we rarely use. Both have locked interest rates through my credit union. I would never open an account with a floating interest rate. You're correct,, very bad!
Unfortunately, there's one serious flaw in this thinking. Most mortgages have a fine print, in which the lender can call the loan on a mortgage, demanding payment in full before the borrower has enough to pay it off. They can do this, even if the borrower is up on all his/her payments. It's a safeguard for the lenders in such a situation. Even in the great depression, which was not a hyperinflation situation, countless people lost their homes.
Great video two thumbs up👍👍. My question is when the banks steal the depositors money and the FDIC pays off the derivative market. Is there some sort of scam where the bank credit card market which is probably $1 trillion can come after the real estate homeowner for the balance. even though technically, it’s a unsecured debt.
After all the Dodd Frank law were the bankers can steal their depositors money, including retirement, and investment. Is there any hidden snare for the three big investment houses example black rock, State Street, I’m drawing a blank on the third one, but I know it.
That is called a 'bail in' where the banks steal your deposits for their nefarious casino like purposes. Either keep it under then matrice or in a bank that is Too Big To Fail. In Australia, First $ 200k is underwritten by gov.
Also when you don’t pay your credit cards and default, you will most likely have to pay when the creditor sues you and the court garnishes your wages.
Blood from a stone…..blood from a stone
At some point the way out is to file for bankruptcy. This wipes out credit card debt.
@@benstr8156depends on the kind of bankruptcy. It's very difficult to get chapter 7 these days.most courts will force you into chapter 13.chapter 13 doesn't reduce your amounts owed so much as freezes interest and forces a repayment plan on debt.
@@benstr8156 And all your assets when the Sheriff comes
From the immediate start, this video gives a false datum. A bank lending you money, when it is done under the fractional reserve system, is NOT deoriving themselves of the use of that money. The money is CREATED at the moment of borrowing, as long as the bank has a certain fraction of the amount in reserves. Thus there is ZERO risk to the bank. In fact, the signed loan agreement becomes a tradable asset.
To add to the complexity population has always grown and so inflation was natural. But what happens when you have population growth falling and in more countries becoming negative. Migration will then be necessary to sustain the system, in an inflationary mode.
Also how does the new currency affect global trade, when other countries might not have the same policy as the US's and if their currency is based on a basket of commodities. Does the debt with other countries suddenly erase or can the other country request payment in commodities.
In an isolated system it is easy to play with the currency but in globalized world not quite so easy.
I've never liked the play on currency so have always exchanged money for assets, like land and precious metals, held in trust or anonymously.
Yes, demographics play a role in keeping the Ponzi scheme going. Look at Japan with falling population. Now in it's third lost decade.
Real wages in the US have only increased 0.7% from 1973 to 2022, according to the latest data available. Maybe wages would increase quicker in a hypothetical hyperinflationary event, but as of the last 50 years they have remained flat.
Wages have been absorbed by rising health care costs. Total compensation has been going up.
Appreciate the education 👍🏼🙏🏼
Most people go with fixed rate loans, not variable.
We just got a 20% raise over 3 years. It’s starting.
You can't get a fixed rate mortgage for a reasonable length of time in England.
Great video! Thank you and God bless you!
What you are ignoring here is that the employer may not be able to continue to pay higher and higher wages based upon the product they produce. Inflation overall sucks the finances out of any system and those who can avoid ANY debt at all are still losers in inflation as their cash assets lose value and the inflation goes where? Into the pockets of whoever is holding the final exchange holder, whether it is the government or the fiat currency creator. Inflation creates winners and losers. The winners are those who can gain assets with their value losing currency and the losers are those who must sell their assets to survive.
"good debt" is absolutely NOT a wealth transfer from the lender to the borrower. The lender just creates money out of thin air!
So I shouldnt be in cash? U should max out all available good debt? are treasuries good debt? am thinking not.
If you can afford your payments when everything around you gets more expensive. Not having debt is the safest way out ..
30% credit card rates should be illegal.
Usury should be illegal
Yes, in Poland over 30 years ago, government cuts four zeros so 1000 zl be came 1 zł
Many people saying 1 BTC will worth a million USD, but maybe enough to buy a car?
Thanks
CME control the price of BTC in futures markets. They can crash it any time in USD terms.
If things go bad, the solution is to have an actual community surrounding you; ie. Armed citizens who will defend you when you decide you all aren't going to play their game.
My solution would be to exit the country.
Fixed rate loans, Baby! Inflation just melt them, if income and/or value from the capital go up.
What you say about compensation via interest is untrue because a bank will lend you thousand to ten people, basically lending what they do not own.
We have greedflation. Someone on TV said inflation so the CEOs used it as an excuse to raise profits.
It's what I would do as a CEO.
A CEO has ONE obligation, to creat value for the shareholders.
If overcharging customers , cutting quality and underpaying employees creates value , you di it.
If promoting propaganda that blames someone else for this allows more profit you do so.
And these is a lot of money to be made using inflation as an excuse.
This only works when your consumer is financially illiterate like U.S. citizens.
they are out of money that they created out of nothing with fractional lending.
Only when prices go up people don't buy and those people don't get paid more they get laid off.
Then what happens with your savings…. They have no more value neither???
Thank you for this wonderful easy to understand video
So if the banks won't want dollars for my house , I would own it outright??
What gets me is that I'm not sure there's a viable non-first currency. Gold isn't practical as currency because it's too hard to authenticate (see gold testing videos) for casual transactions. Banking would create the same inflation pressures as fiat too
Bitcoin, etc is too volatile. I can't collect rent in a currency that can go +/- 15% in days/weeks.
I agree and have been considering this as well. I believe BTC is the final solution but we're not there yet. Maybe something like the Swiss Franc or other foreign currency that's backed by gold oil or another commodity
Wesley why did you skip over what rising interest rates do to currency units in M2?
This, of course, relies on government not doing something shady like letting creditors reindex debt to compensate for inflation.
You mean like reindexing student loans to compensate for a valueless degree?
Impossible to do any more but when you are able to get loans, with 0% interest you are better off still.. in my case I purchased both my cars in 19 seeing where things were going both cars are at 0%.
Why would the ONLY way out of credit card debt during a hyperinflationary event be to default? Wouldn't the value of the debt be inversely proportional to the amount of money in the system? And, if so, wouldn't that mean that a hyperinflationary scenario would put the debt at the limit of the function, effectively rendering the debt null and void?
Lots of defaults, and the money you pay the debt back with gets worthless real fast, it is a disaster.
Just found this video, great stuff! Subscribed
You can't predict when hyperinflation will be so those that have fixed debts will be lucky
There is one problem with option 1 which you mentioned.. What is the lender going to do with the worthless currency the borrower is paying them? somebody will.lose and those losses will have to born by multiple people so it will affect the whole chain not just that one lender.
The central banks won't sit idle as the currency is falling. They will raise interest rates to prevent the fall of the currency and therefore increasing the interest payment as well in correlation to the amount of inflation.
That would work except the government increases liquidity faster than the FED removes it. And that liquidity(debt bonds) carries an interest coupon eating a greater amount of said liquidity as rates go up. That circle jerk will be exposed in the currency markets and acted upon @ some point.
@@Newlinjim liquidity does not come from the governments but the federal reserve. As long As people are buying government bonds the federal reserve will keep printing but only when the credit rating really goes under and bond buyers start demanding higher rates or altogether refuse to lend then its Armageddon.
The banks have already protected themselves. The last to be get any money left after a failure is the little guy who put his dollars in the bank. Same with stocks.
The government has no say in money creation/ printing. This is done by private banking/ Fed and other central banks.
Ah..nope
GRUNCH of giants.
Wait, before 9:00, why would politicians have any incentive to not destroy the government?
Great explanation. Thank you!
Glad it was helpful!
Wages may eventually catch up, but retirees are likely to find themselves suddenly impoverished.
In hyperinflation wages go up drastically??? This guy is too young our ignorant on history. Couldn’t listen past that line.
We’ll see how he did in a few years.
Sorry, you're under the belief that wages will keep pace with inflation, don't think so. The only thing that will sky rocket is the cost of goods. I'm with Dave Ramsey, stay out of debt and if you have money in a portfolio and debt your are borrowing money to invest, if the market collapses the bank won't forgive your debt.
If you use margin / debt to take naked risk you don't deserve to have your debt forgiven. But just an FYI, the same Mutual Funds Ramsey preaches that get 12, 14, 18+ returns. Almost all of them use margin to increase returns.
i wish your fantasy senerio would come true ...my holdings in gold will go thru the roof..But your leadng out alot of negative reprocussions of hyper inflation.. Young man...its not Fun living in that world..!!!
You're definitely right! I left a lot of that stuff out because I'm trying to not be too doom and gloom since everyone on YT does that already.
@@InvestwithWesley People need the truth....if they perceive it as gloom and doom there is no helping them anyway. For those who receive it, it may save a life
What makes you think gold will 'go through the roof' ?
Is that a paddle on your back wall? It’s not what I was expecting from finance video. 😂
OMG can you imagine! 😂 No, it's actually a Roman Gladius hanging up 😂
Which means if you have money in the bank buy a property no matter the price!!?? Am I right or wrong? Please answer
No, not no matter the price because prices will come down so you will lose equity if you buy to high. But converting any variable debt to fixed interest is a great step as well as buying assets of any kind, properties, businesses and franchises, or even stocks
@@InvestwithWesleythank you
A BMW 3 series E90 would be ideal.
You did not make enough research. Government will recalculate your debt to new currency but pays its obligations as for old one, banks will perform scams revaluation of savings as well. It all happened in Poland in 90's.
From all my research, never in history has this happened.
Do you have video's on wealth preservation through gold silver or other means? Just found your channel.
I recommend 2is1 - it's a youtube channel for new gold & silver investors - he doesn't push anything, just gives solid no nonsense advice for small timers. and no, I'm not connecdted to him or get a commission or anything
@@davidholubetz177 already subbed to him ;) great advice!
Basically you have paper/bullion. If you do paper make sure it’s allocated. If you do bullion make sure it’s secure. Be aware the IRS defines precious metals as ‘collectibles’ under the tax code so familiarize yourself with the code.
Super useful to know!
Does every single video have to start with the basics????? Let me start at the beginning of time before I get to the answer to the question posed in the title
the importance of lending in gold-denominated money 💵
Central banks hoarding it.
You might want to look at the trend in the last 27 yrs, only twice did they go up above inflation.
Great I'll be paying off my mortgage with a digital currency at some point. Who knows what ratio that will be at this point.
Thank you❤
So if inflation is 20% and interest is 10% the lender loses 10%, Hmm
We need to stop kidding ourselves
When does the housing market crash and the tenants lose a job?
When Central banks decide to stop juicing the property market.
Is this what’s coming to the American dollar? Are we going to a new currency?
And the bulk of it they take an invest without the person's knowing
2:27 credit card debt is good if you pay it off every month
I would like to add also if someone else is paying it off for you like a rental property mortgage
7:43, so is that not what they are trying to do with CBDC? It look and sound the same.
What about all the "gold" companies selling "real" gold for US dollars that we know is dying?
but only at a 30% facilitators fee
Very theoretical. I suspect the creator has plenty of debt.
A printing press in fact.