Hard Landing Scenarios - Severe Recession Is Coming, Blame the Banking System

แชร์
ฝัง
  • เผยแพร่เมื่อ 2 พ.ย. 2024

ความคิดเห็น • 430

  • @kitco
    @kitco  2 หลายเดือนก่อน +6

    Liked this excerpt? Watch the full interview here: th-cam.com/video/22-X8HOdHj8/w-d-xo.html

    • @battleofarmageddon1366
      @battleofarmageddon1366 2 หลายเดือนก่อน

      This will make the 'Great Depression' look like a walk in the park. Trillions of $$$ of debt!!! Somebody is going to want their payments. You will own nothing and be happy was not an idle threat. It was an arrogant warning.

  • @Riggsnic_co
    @Riggsnic_co หลายเดือนก่อน +476

    Coming out of facing alot, I knew two things about the stock market: It caused the Great Depression, and the fastest way to make a million on the markets was to start with two million. And then the Great Recession happened only a few years later. So yeah, I wish someone had better explained it to me earlier in life. Having a good entry and exit strategy will make you succeed in the stock market.

    • @Jamessmith-12
      @Jamessmith-12 หลายเดือนก่อน +1

      There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.

    • @JacquelinePerrira
      @JacquelinePerrira หลายเดือนก่อน +1

      It has never been easier to understand how to build your money than it is right now, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investtments, in my opinion, are complex.

    • @kevinmarten
      @kevinmarten หลายเดือนก่อน +1

      Working with a Financial Advisor to help guide you on your wealth-building journey if you're just starting out is a wonderful way to get started and thats how i was able to accrued good gains . They helps to manage investment overall risk profile , prevent permanent loss of capital consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal

    • @Jamessmith-12
      @Jamessmith-12 หลายเดือนก่อน +1

      @@kevinmarten Mind if I ask you to recommend this particular coach you using their service?

    • @kevinmarten
      @kevinmarten หลายเดือนก่อน +1

      'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

  • @LizaPhilips
    @LizaPhilips หลายเดือนก่อน +465

    Diversification is the secret to optimal performance during a recession. This is why I have my interests set on market sectors based on performance and projected growth, such as the EV sector, renewable energy, Tech, and Health. Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE

    • @frankbarnes22
      @frankbarnes22 หลายเดือนก่อน +4

      I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.

    • @carolpaige2
      @carolpaige2 หลายเดือนก่อน +3

      A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

    • @Johnlarry12
      @Johnlarry12 หลายเดือนก่อน +3

      This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

    • @carolpaige2
      @carolpaige2 หลายเดือนก่อน +3

      Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

    • @Johnlarry12
      @Johnlarry12 หลายเดือนก่อน +2

      Thank you for this amazing tip. I just looked up Carol, wrote her explaining my financial market goals and scheduled a call

  • @Lowery999
    @Lowery999 หลายเดือนก่อน +791

    every market sectors are in an uncertain position, Im looking forward to the US election before making any steps. might opt out of stocks entirely if it crashes. I keep asking when it would be stable given the global situation right now.

    • @Msmelissa-u1w
      @Msmelissa-u1w หลายเดือนก่อน +3

      Be extremely attentive as we are entering an unusual market economy. That doesn't mean that you can't unravel opportunities in every sectors, you can but you should be considering rewarding options first. It would be a vast awareness to align under a top performer for easy earning picks. I did the same and it works.

    • @Lowery999
      @Lowery999 หลายเดือนก่อน

      very well, I got in on multiple sectors myself, I think about adding more to my individual account or is holding off more better for me?

    • @Msmelissa-u1w
      @Msmelissa-u1w หลายเดือนก่อน +2

      right now I’m being focused on renewable energy, semiconductors, Ai chips which will be hugely integral on every sectors in the coming years. an absolute power move right now.

    • @Msmelissa-u1w
      @Msmelissa-u1w หลายเดือนก่อน +1

      add Gold and silver as well.

    • @Lowery999
      @Lowery999 หลายเดือนก่อน +1

      I genuinely think we are going all chips soon, these are shrewd sectors seems like a lot of your interest is riding on this, I could really use your viewpoint, get me involved.

  • @Muller-o4d
    @Muller-o4d หลายเดือนก่อน +566

    Most economist are sounding off on just how bad the recession would be. I really need to set myself up for retirement... Thinking of the best strategy to accomplish my goals.

    • @Aron-r3m
      @Aron-r3m หลายเดือนก่อน +1

      If you're not familiar with market investing tactics, you should get advice from a financial counselor.

    • @Garrett-lo6pu
      @Garrett-lo6pu หลายเดือนก่อน

      That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.

    • @Mosley-vu7ff
      @Mosley-vu7ff หลายเดือนก่อน

      Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I’m in dire need for one.

    • @Garrett-lo6pu
      @Garrett-lo6pu หลายเดือนก่อน +1

      I don't know if I am permitted to go into details here, but mine is Jenienne Miniter Fagan and you could also look her up though I'm not so sure she's taking on new people atm.

    • @Evelina-v3u
      @Evelina-v3u หลายเดือนก่อน

      Thank you for this amazing tip. I just looked up Jenienne, wrote her explaining my financial market goals and scheduled a call

  • @mutantryeff
    @mutantryeff 2 หลายเดือนก่อน +131

    Without deflation, nothing is solved. Without government cutting their spending and reducing the debt, nothing is solved.

    • @boogyjuggy
      @boogyjuggy 2 หลายเดือนก่อน

      BINGO. Typical governments = decades creating the problems and poof, decades pretending to fix the problems , lollll.... $. Sick...They are ALL getting paid to destroy our country. They do not care. Until this is all repealed, the problems will only get worse. We never asked for any of this in Canada. The public never had a say in any of this. All forced by governments = liberal and conservatives .Repeal - Mass immigration, green carbon scam, high taxes, massive government growth = debt = control....equalization (money laundering into Kebec), bilingualism (french) only outside kebec while Kebec bans our language - history - culture... - bills 22, 178, 101...96..., multiculturalism only outside Kebec, , = the charter.... all forced upon the country over the last 50, 60 years by lying, crooked and corrupt politicians, liberal and conservatives, mostly metis (they are not french) from Kebec = more debt, higher taxes, bigger governments = more government control, more censorship...less freedom. Its all connected to the charter and quebec, the metis - french taking control of the country. Just follow the money. They are revising our history all over the country as they rename all things English, Scottish.....look around....sickening. We need to put a stop to ALL immigration, NOW. Government IS the problem. This is not ending. Rise up truth seekers, private sector, small business, farmers, truckers, entrepreneur’s, freedom fighters.... very large numbers. Plan, organize, train, MMA......prepare like-minded people...fight back in self-defense when necessary...protect each other from the real enemy here = tyrannical, totalitarian governments = police = military....Banks, MSM...Big pharma....now controlling most countries globally. They lie daily. $, Rise up...revolution calling! Lets end this government stupidity, greed.
      Go read The monstrous trick - by Kenneth McDonald . He covers it all.
      “First Quebec, and Ottawa and then the entire country...” ‘French power - PET

    • @magnumpi28
      @magnumpi28 2 หลายเดือนก่อน +3

      Ive head that for 30 years as the market makes new highs

    • @brandonholman1556
      @brandonholman1556 2 หลายเดือนก่อน +32

      It's not the market making new highs, it's the value of the dollar reaching new lows.

    • @mutantryeff
      @mutantryeff 2 หลายเดือนก่อน +17

      @@magnumpi28 You really don't understand economics. Markets go up as the dollar is devalued.

    • @nickwojtow6787
      @nickwojtow6787 2 หลายเดือนก่อน

      @@magnumpi28
      lol people were absolutely wiped out in 2008 and made whole again by a fake ZIRP economy. You’re right the Fed and .gov can kick the can and prop everything up like they have been doing but look at the WORLD!!! Russia and China and BRICS are sick and tired of the US and the world is going multipolar. Good luck!! American arrogance and denial will be our downfall.

  • @frankbadalato513
    @frankbadalato513 2 หลายเดือนก่อน +64

    One Of The Reasons That We Don't Already Have A Negative GDP Is Because Of The Wars That We Are Funding, Both With Weapons & Funds.

    • @artemishumaan6984
      @artemishumaan6984 2 หลายเดือนก่อน

      And other government jobs that do not add real sustaining GDP. It is called massive fiscal policy BS Keynesian economics manipulating markets and distorting the power of price discovery to weed out the losers.

    • @JohnWalsh2019
      @JohnWalsh2019 2 หลายเดือนก่อน +3

      Facts!

    • @alfinal5787
      @alfinal5787 2 หลายเดือนก่อน +2

      GDP funded by government spending

    • @johnsmithee6660
      @johnsmithee6660 2 หลายเดือนก่อน

      @@alfinal5787 70% of GDP is spending, and guess where most of that spending is coming from

    • @robvandrish2032
      @robvandrish2032 2 หลายเดือนก่อน

      All wars are banking wars. Why? They fund both sides.

  • @johncheresna
    @johncheresna 2 หลายเดือนก่อน +52

    I agree, but like everything the longer it takes to happen, the worse it will be.
    Like adding cards to a house of cards.

    • @magnumpi28
      @magnumpi28 2 หลายเดือนก่อน

      You could have said that 30 years ago and teh market just made a record high

    • @sturost3769
      @sturost3769 2 หลายเดือนก่อน +5

      MagnumPI-you obviously don’t get it.

  • @joniyilmaz
    @joniyilmaz 2 หลายเดือนก่อน +77

    Agree. Very likely we r headed for a decade long bear market in all western assets. It will be a period of geopolitical n currency changes. Within US this is the chance to do the long-needed economic n social n government reforms. If we succeed, US will be on a long-term sustainable growth path in a decade. But we must take the pain 1st n do the adjustments. From investing pov, sell all US, european equities n bonds. Go long Gold and Crypto. Go long emerging market trade........ I have managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Sandy Barclay’s, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

    • @joniyilmaz
      @joniyilmaz 2 หลายเดือนก่อน

      Sandy Barclays program is widely available online..

    • @extranoshabitos6132
      @extranoshabitos6132 2 หลายเดือนก่อน

      If the market has taught me anything, it's that it always recovers, but I can't seem to focus on the long run, when major factors like my retirement and my reserve are wreaking havoc on inflation. I require a solid data trajectory and solution as soon as possible.

    • @lihlacerda
      @lihlacerda 2 หลายเดือนก่อน

      Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Sandy insights. It's akin to finding a diamond in a coal mine.

    • @Birdman5902
      @Birdman5902 2 หลายเดือนก่อน

      Sandy gave me the autonomy I need to learn at my own pace and ask questions when I need to she’s so accommodating.

    • @batiaz
      @batiaz 2 หลายเดือนก่อน

      I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.

  • @kiranthakordenhoja
    @kiranthakordenhoja 2 หลายเดือนก่อน +385

    how about primetime token ? I THINK ITS THE NEXT big thing since we missed pepe

  • @xavier_lucas
    @xavier_lucas 2 หลายเดือนก่อน +191

    If the unemployment rate is able to remain steady while the Fed cut rates and inflation falls back to target, a soft landing might be on the table

    • @FranciszekPawal
      @FranciszekPawal 2 หลายเดือนก่อน +6

      Don’t expect a soft landing. We know inflation still far from its 2% destination - the FOMC didn’t reduce rates yet, we can never fortell their moves these days

    • @simone_maya
      @simone_maya 2 หลายเดือนก่อน +1

      Fixed income Tbills and bonds may work for you while you try to figure out the next entry point for stocks

    • @AnkurYo
      @AnkurYo 2 หลายเดือนก่อน +4

      It is always good to have a balanced fin-plan. I work with a professional planner and fixed-income strategist in NY. I alway feels the need to hedge against the non-negligible risk that something breaks.

    • @Jennapeters144
      @Jennapeters144 2 หลายเดือนก่อน

      And how has that worked out for you so far?

    • @AnkurYo
      @AnkurYo 2 หลายเดือนก่อน +2

      Great actually. I am one of many private clients under Jennifer, with private investing I made over 500 grand, 200 is ready to redeploy back into the equity and money markets in the ratio as rebalanced by my Jennifer my planner. You are welcome.

  • @joannlarson6386
    @joannlarson6386 2 หลายเดือนก่อน +51

    We have been in a rscession. We are heading for very hard times now.

    • @adognamedmoose
      @adognamedmoose 2 หลายเดือนก่อน +10

      Recession? Pfft.
      Try depression. Much worse than '29 because where in those days, people helped one another, these days, they'll kill you for a pair of shoes.
      We's about to find out why great grandmere saved her bacon grease and aluminum foil.
      Buckle up for the fkuc up. The ride will be wild.

    • @defendingthefaith.7889
      @defendingthefaith.7889 2 หลายเดือนก่อน +1

      Definitely have been in a recession. But it’s not going to get worse.

    • @Jed-pk6zg
      @Jed-pk6zg 2 หลายเดือนก่อน +4

      @@defendingthefaith.7889 We have barely started the downhill trend.

    • @defendingthefaith.7889
      @defendingthefaith.7889 2 หลายเดือนก่อน +1

      @@Jed-pk6zg Lol. Ok!

    • @adognamedmoose
      @adognamedmoose 2 หลายเดือนก่อน +1

      @@defendingthefaith.7889 how's the head your sand, bud?

  • @SyedOmer-ps8cg
    @SyedOmer-ps8cg 2 หลายเดือนก่อน +378

    Bro, i bought NVDA52K in August after your video. I'm up 579%.

    • @rheuss1
      @rheuss1 หลายเดือนก่อน

      You should sell now while you can. AI is a false market and will crash.

  • @SamMiller-x4f
    @SamMiller-x4f 2 หลายเดือนก่อน +45

    Over the last fifty years the U.S.A. has exported 95% of its manufacturing base, grew it's debt by about 90 x !, druged down 75% of its population and couldn't have done worst with it's international relationships. I Predict Pain, Lots Of Pain (Mr. T).

    • @joannlarson6386
      @joannlarson6386 2 หลายเดือนก่อน +11

      Now they are getting ready to turn on their people.

    • @artemishumaan6984
      @artemishumaan6984 2 หลายเดือนก่อน

      And, the pain will come with the young men of the society reeking havoc in the streets on citizens first, then they will work their way in disrupting the wealthier neighborhoods, then they will come after the politicians. This is why over the ages of man, tyrants sent these young men to war away from society where they can either cull them or control them to control the masses.

    • @dethray1000
      @dethray1000 2 หลายเดือนก่อน +2

      yup

    • @greg384
      @greg384 2 หลายเดือนก่อน

      Where are your charts/data to prove this? Site your sources

    • @SamMiller-x4f
      @SamMiller-x4f 2 หลายเดือนก่อน +1

      @@greg384 : On the exported jobs I witnessed it first hand. I grew up in a manufacturing town (Trenton, New Jersey). It went from having manufacturing plants, machine shops and steel mills everywhere you looked. Now it's all gone, and I mean all of it. On the government debt it's an easy Google search. About 50 years ago the U.S. Federal Government Debt was at about 400 billion. On the drug problems in the U.S.A. it's everywhere!

  • @ALANGREENSPAN420
    @ALANGREENSPAN420 2 หลายเดือนก่อน +40

    🚨SILENT DEPRESSION🚨

    • @artemishumaan6984
      @artemishumaan6984 2 หลายเดือนก่อน

      They have digital welfare cards so that is how they hide the bread lines. They are doing everything in their power to hide the recession and in doing so are not addressing the risk of going into a depression. The world economy cannot save the domestic US problem as they too are in recession already and consumers are tapped out. Next the US government will steal larger amounts of money directly from the people because the socialists now control the government with the blessing of the richest men in the US. The socialist don’t focus enough of where the money needs to come from and continues to drain the economy for so called social good only to make things worse because they eventually run out of money.

  • @ALANGREENSPAN420
    @ALANGREENSPAN420 2 หลายเดือนก่อน +46

    🚨BOILED FROG ECONOMY🚨

  • @Cynthia-mm1cv
    @Cynthia-mm1cv 2 หลายเดือนก่อน +434

    The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly

    • @tinsleyLuna
      @tinsleyLuna 2 หลายเดือนก่อน

      Chose quality stocks and follow them up. If you're not one for such complexities, hire a wealth manager to grow your money. I use the latter

    • @TommyChong677
      @TommyChong677 2 หลายเดือนก่อน

      Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 85% rise from early last year to date. I and my advsor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.

    • @RolandWingo
      @RolandWingo 2 หลายเดือนก่อน

      I could really use the expertise of this advsors.

    • @TommyChong677
      @TommyChong677 2 หลายเดือนก่อน

      I have a female advisor named Lucia Alicia Cruz. I recommend researching her. To be very honest, I'm glad I decided to let someone handle expanding my finances even though I almost didn't think I should.

    • @RolandWingo
      @RolandWingo 2 หลายเดือนก่อน

      .Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

  • @bladnasternaster8607
    @bladnasternaster8607 2 หลายเดือนก่อน +8

    It's not a recession. It's a reset. The old financial system is for all intent's and purposes is dead. It has been on life support since 2008 while they have been working on the infrastructure for the new Cabal system.

  • @ShubhamMourya-b6l
    @ShubhamMourya-b6l 2 หลายเดือนก่อน +335

    NVDA52K is on steroids.. GREEN GREEN GEEEN

  • @joemacinnis1972
    @joemacinnis1972 2 หลายเดือนก่อน +17

    Our money is based on nothing! We are trillions and trillions in debt because we came off the gold standard

    • @Rustea314
      @Rustea314 2 หลายเดือนก่อน +1

      Our money is based on the the 16th Amendment to the United States Constitution. After the FED was created it refused to loan money to the government until they passed the 16th Amendment.

  • @mikkimikki5376
    @mikkimikki5376 2 หลายเดือนก่อน +14

    George, Gregory Mannarino is organizing a march for next July 4th. This requires your star-power also. 💖

  • @TzBurton
    @TzBurton 2 หลายเดือนก่อน +2

    Glad you had George Gammons on Michelle. I love listening to George

  • @Helen_white1
    @Helen_white1 หลายเดือนก่อน +2

    Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.

    • @Thompson-e7h
      @Thompson-e7h หลายเดือนก่อน +1

      My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.

    • @Lewistonwilliams-f5i
      @Lewistonwilliams-f5i หลายเดือนก่อน +1

      A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K

    • @Kin-28-8
      @Kin-28-8 หลายเดือนก่อน +2

      This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

    • @Lewistonwilliams-f5i
      @Lewistonwilliams-f5i หลายเดือนก่อน +2

      Absolutely, Jessica Lee Horst is the FA I use. Just google the name. You’d find necessary details to work with and set up an appointment. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

    • @DhanaPayar
      @DhanaPayar หลายเดือนก่อน +1

      Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

  • @nickwojtow6787
    @nickwojtow6787 2 หลายเดือนก่อน +14

    No you’re right George it’s not going to be as bad as 2008 it’s going to be WORSE!! Not hard to see!!!

  • @freddiesamples
    @freddiesamples หลายเดือนก่อน +1

    My 3rd cycle, remember the early 80's? So Cal RE pumped from 76 to 80 and rates went to the moon. We were in RE at the time. Sold our house on a lease option, bought a travel trailer and left So Cal with the kids and traveled the country for about 4 months. Best trip ever with the family.
    Enjoy life while you can.

  • @rokyericksonroks
    @rokyericksonroks 2 หลายเดือนก่อน +13

    Hard landings beget signal.
    Soft landings beget noise.
    Haven’t we endured enough noise already? Raise rates until something breaks. That something will be clearly defined and properly discovered pricing will render a clearly defined remedy. No more of Jerome Powell guessing the price of orange juice.

  • @cherubimcherubim9515
    @cherubimcherubim9515 2 หลายเดือนก่อน +9

    Usa is already in a recession, heading toward a depression. Even with extra taxes such as tariffs, inflation etc is not enough without massive spending cuts.

  • @realtalkw_darius1
    @realtalkw_darius1 2 หลายเดือนก่อน +5

    Here's a question I've been asking: How’s the stock market still going up with so many businesses going bankrupt? Which means many people have lost jobs. ‘They’ are printing mo money and manipulating the numbers… I believe.

  • @KW-gs2gp
    @KW-gs2gp 2 หลายเดือนก่อน +12

    I expect a double dip recession, like 1979-1982. Not as inflationary, but inflation will spike when QE is restarted and the Fed will shove interest rate back up.

  • @realsmt
    @realsmt 2 หลายเดือนก่อน +10

    This guy is hilarious 😂
    Very entertaining and Michelle...well she is wonderful. 😁

  • @jadejasahdevsinh2104
    @jadejasahdevsinh2104 2 หลายเดือนก่อน +353

    Might be the last week you can get NVDA52K before it takes off 1,000%.

    • @jeffcressotti
      @jeffcressotti 2 หลายเดือนก่อน

      Ehhhhhh 🤔

    • @daverave5743
      @daverave5743 หลายเดือนก่อน

      go ahead ignore warnings.

  • @Mad.Maxx.77
    @Mad.Maxx.77 2 หลายเดือนก่อน +7

    Gotta respect a guy wearing a Ric Flair t-shirt!!

  • @majorpayne8373
    @majorpayne8373 2 หลายเดือนก่อน +15

    As usual, Michelle gives us the best view of the bust up ahead.

  • @squarewheel142
    @squarewheel142 2 หลายเดือนก่อน +12

    Interest rate cut's don't do anything.

  • @mariajordan8100
    @mariajordan8100 หลายเดือนก่อน +2

    Speaking of garden people should really start looking into gardening.

  • @jackjohnson9449
    @jackjohnson9449 2 หลายเดือนก่อน +12

    George, the FED changed the calculation for GDP to keep it positive.

  • @dalewhite4759
    @dalewhite4759 2 หลายเดือนก่อน +5

    This man has a brain ! Wish we had more

  • @Jed-pk6zg
    @Jed-pk6zg 2 หลายเดือนก่อน +3

    During the pandemic the whole world shutdown and still borrowed & spent. Like he said "someone has to pay the piper" and we have not done that yet.

  • @fortstocktonjeff0124Barber
    @fortstocktonjeff0124Barber 2 หลายเดือนก่อน +4

    Michelle Terrific interview Thanks

  • @Zk8et
    @Zk8et 2 หลายเดือนก่อน +8

    “HELLOOWW FELLOW REBEL CAPITALISTS HOPE YOURE WELLL HAHAHAHEHEHEE!!!”
    He didn’t say it so I had to 💀🤣

  • @wvhaugen
    @wvhaugen หลายเดือนก่อน +1

    As George said, it wasn't the pandemic that engendered our current financial problems; it was the governments' response to the pandemic. I said this was going to happen back in March 2020. I also said at the same time that Covid was endemic by March 15, 2020. I was right on that one too.

  • @LuLong-kk8gm
    @LuLong-kk8gm 2 หลายเดือนก่อน +8

    The MSM echo chamber may drown the hard landing . Lol

  • @jeremydean6210
    @jeremydean6210 หลายเดือนก่อน

    Great interview, George is spot on 🙌👏👊

  • @karibu333
    @karibu333 2 หลายเดือนก่อน

    Great job George, thank you!

  • @pauldiezel4584
    @pauldiezel4584 2 หลายเดือนก่อน +4

    George is a real insightful thinker. Michelle is spot on as usual. And hot af.

  • @katesmckay
    @katesmckay หลายเดือนก่อน

    Bang! Go George!

  • @PaulRayProductions
    @PaulRayProductions 2 หลายเดือนก่อน +2

    George is awesome, I want his t-shirt!

  • @alanmrsic893
    @alanmrsic893 2 หลายเดือนก่อน +1

    Let's go Rebel Capitalist :-)

  • @wellsHannahh
    @wellsHannahh 2 หลายเดือนก่อน +161

    Honestly, this situation makes me uneasy, especially with the potential depression, not just a recession. I'm not sure about my $130K investment strategy given the economic uncertainty.

    • @c.o.l.ek500
      @c.o.l.ek500 2 หลายเดือนก่อน +1

      If you're not familiar with market investing tactics, you should get advice from a financial counselor.

    • @Blitcliffe
      @Blitcliffe 2 หลายเดือนก่อน +2

      I agree! That's why I work with one. My $520K portfolio is well-prepared for all market conditions, having grown 85% since early last year. My advisor and I are planning for this year too. my opinion, financial advisors are among the most important professionals, just like doctors.

    • @jonathanxxxx876
      @jonathanxxxx876 2 หลายเดือนก่อน

      How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?

    • @Blitcliffe
      @Blitcliffe 2 หลายเดือนก่อน +2

      Lauren Marie Ehlers is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment

    • @jonathanxxxx876
      @jonathanxxxx876 2 หลายเดือนก่อน

      Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

  • @ToTheMoon2425
    @ToTheMoon2425 2 หลายเดือนก่อน +4

    I think the recession has passing already since 22. We just do not notice that by AI boom.

  • @vanshnaryani8340
    @vanshnaryani8340 2 หลายเดือนก่อน

    no primetime token on Base? as soon as the new coinbase wallet comes out it should blow? any opinions?

  • @Paul-ih2mm
    @Paul-ih2mm 2 หลายเดือนก่อน +3

    George is someone worth watching. Thank you

  • @stevekamitsis1327
    @stevekamitsis1327 2 หลายเดือนก่อน +1

    Steve in Florida says MM and guest how much higher can these markets go up, they are now so inflated and bloated that its just crazy.

  • @hughgodau
    @hughgodau 2 หลายเดือนก่อน +1

    its like watching a giant balloon. you know its going to pop but you keep blowing and suddenly......you are either shocked when it pops or you knew and were prepared

  • @PeterPo-rs7bl
    @PeterPo-rs7bl หลายเดือนก่อน

    Thanks

  • @SudeepaMandal-m2w
    @SudeepaMandal-m2w 2 หลายเดือนก่อน

    Let's goooo primetime token !!!! 🔥🚀🚀🚀

  • @AngelEyes-xm7el
    @AngelEyes-xm7el 2 หลายเดือนก่อน +4

    Barely can afford food. Laying here stomach is growling and hurting. Elderly social security checks are starving and homeless. Bread and cheese.

    • @peterjones7895
      @peterjones7895 8 วันที่ผ่านมา

      Buy a bag of potatoes. Eggs.

  • @kaaaah2003
    @kaaaah2003 2 หลายเดือนก่อน +7

    Is a recession or severe recession coming? I have been hearing about it for the last three years.

    • @InaEsin
      @InaEsin 2 หลายเดือนก่อน

      The powers that be are changing definitions (literally, in online dictionaries)...but we're in a silent depression. Nobody wants to say it out loud, I guess. That would be hate speech or offend someone cuz slavery or some shit.

    • @magnumpi28
      @magnumpi28 2 หลายเดือนก่อน +2

      No one knows.

    • @marekd9104
      @marekd9104 2 หลายเดือนก่อน +2

      We are in one already

    • @magnumpi28
      @magnumpi28 2 หลายเดือนก่อน

      @@marekd9104 No, stock market making record highs, soft landing!

  • @bobbobertson7568
    @bobbobertson7568 2 หลายเดือนก่อน +2

    Yeah when lockdowns just started March 2020 I was certain we were headed to a depression. Like how can you shut down huge swaths of economy and not get massive snags and unemployment? In past market tanks over 8% unemployment let alone 15% we had April 2020

  • @AnthonyGregory-u1q
    @AnthonyGregory-u1q 2 หลายเดือนก่อน +4

    Most people today have been having a lot of failures in forex and crypto because of poor orientation and bad experts.

    • @TylerEric-n2z
      @TylerEric-n2z 2 หลายเดือนก่อน

      Miss Rosie Nolan Owen is a very legitimate and competent tra-der, her method works like magic, I continue to win with her new strategies

  • @SahnwazSas
    @SahnwazSas 2 หลายเดือนก่อน

    Can i buy Primetime token now?

  • @markfrantzen9576
    @markfrantzen9576 2 หลายเดือนก่อน

    The Nasdaq is down 2.5% in the last few weeks, I wouldn't exactly call that 'dropping off a cliff'.

  • @dougbrun7789
    @dougbrun7789 หลายเดือนก่อน +1

    The rates were double digits in the 80s and the lockdown wasn't 2yrs this guys out there

  • @blipblap614
    @blipblap614 2 หลายเดือนก่อน

    8:48 A month ago, "NASDAQ dropped off a cliff" (12% off all-time high) would have been a mild exaggeration. But it _didn't_ continue; it mostly recovered in two weeks.

  • @chapagawa
    @chapagawa หลายเดือนก่อน +1

    It looks like a cat splatting at the base of the Chrysler Building.

  • @joesmith3719
    @joesmith3719 2 หลายเดือนก่อน +6

    How old is this video? the Biden debate was not the other day?

    • @thomasviola3552
      @thomasviola3552 2 หลายเดือนก่อน

      This has to be a July recording.

    • @marcushoward6560
      @marcushoward6560 2 หลายเดือนก่อน

      This may be an older video, which the quick cuts are usually snippets from recent videos, but "the other day" can also be used colloquially, to mean sometime recently, ranging from two days ago to two months ago.

  • @rolandbraun1197
    @rolandbraun1197 2 หลายเดือนก่อน +1

    The Trade war between the USA with China, Russia, Belarus and Iran shouldby itself lead to some sort of Stagflationary recession !! Add the low household savings, credit card debt, corporate debt, national debt and the increasing interest to be repaid on this debt, the decline in manufacturing and the increasing unemployment, the probability is now stronger for a coming massive recession or even a Depression !! 😮

  • @Gabber44906
    @Gabber44906 2 หลายเดือนก่อน

    So are we going to have massive inflation or deflation?

  • @brianponcelet3529
    @brianponcelet3529 2 หลายเดือนก่อน +4

    The previous five hundred predictions have been wrong. I take this with a grain of salt.

  • @_yeahbaby
    @_yeahbaby หลายเดือนก่อน +1

    yeah, search for his other predictions and see how they worked out!!!

  • @raghavendra1988
    @raghavendra1988 หลายเดือนก่อน

    I am hearing this from decades but nothing changed those who work hard and learn new skills prosper and others who search shortcuts perish

  • @NaoumHalamoutis-ep6oo
    @NaoumHalamoutis-ep6oo 2 หลายเดือนก่อน +1

    Michelle, when are you going to invite Merlin Rothfeld on your show?

  • @graham_hodson1
    @graham_hodson1 หลายเดือนก่อน

    The bank crisis isn't over yet, and experienced individuals know credit crisis don't end quickly. Some find it amusing that some think it's resolved, but in reality, we're headed for a major economic downturn due to this credit contraction.

  • @RatanSoren-z9r
    @RatanSoren-z9r 2 หลายเดือนก่อน

    $15K AUD on kaspa and $10K AUD on Primetime AI, how many holidays should I go on?

  • @runae7368
    @runae7368 หลายเดือนก่อน

    we have high prices and massive layoffs and people working multiple part time jobs to make ends meat.

  • @DavidFRhodes
    @DavidFRhodes 2 หลายเดือนก่อน +1

    recorded in July though?

  • @jamesgalbreath6331
    @jamesgalbreath6331 2 หลายเดือนก่อน

    The difference today is interest rate is 7%... Not zero ...like 08....also markets at all time highs ....and their balance sheet has been pared down....so they have tools ...rate cuts ...QE...stimulus ...and slow down the unemployment numbers

  • @albacus2400BC
    @albacus2400BC หลายเดือนก่อน +1

    That's worrying. So do you think it's best for us who are not institutional investors to focus on index funds or individual stocks? I want to redistribute my 60k portfolio and I preferably want the asset class with the best return on investment.

  • @spiritofgoldfish
    @spiritofgoldfish 2 หลายเดือนก่อน

    The classical economists beginning with Adam Smith identified the economic rents (unearned income) extracted by feudal lords as the problem preventing a free market that the government should solve. The neoliberal (Austrian, Libertarian, Monetarist) counter-enlightenment led by the super wealthy was to not acknowledge any such problem, as the marketing front for their banks (FIRE, finance, insurance and real estate) whose vocation is rent seeking and who directly employ the modern neo feudal government.

  • @c46236
    @c46236 2 หลายเดือนก่อน +1

    Even the Apocalypse agent is telling us now that we may have a 90 like recession 😅 Did he got blinded by the light? 😅

  • @bradleyqueen3879
    @bradleyqueen3879 2 หลายเดือนก่อน +6

    More doom and gloom. Nothing will happen when the money printer goes brrr.

    • @chipshiner2371
      @chipshiner2371 2 หลายเดือนก่อน +7

      Except for your buying power disappearing.

    • @bradleyqueen3879
      @bradleyqueen3879 2 หลายเดือนก่อน

      @@chipshiner2371 thats nothing, been that way for decades.

    • @chipshiner2371
      @chipshiner2371 2 หลายเดือนก่อน +5

      @@bradleyqueen3879 the real problem will come when the money printer goes brr and equities fall and interest rates rise. That is when we are fucked. Look out for that.

  • @robertbroussard759
    @robertbroussard759 หลายเดือนก่อน

    There needs to be a readjustmemt of debt. This can’t continue as we are.

  • @dilipchoudhary1652
    @dilipchoudhary1652 2 หลายเดือนก่อน +1

    3 Simple Steps Tiger!!!

  • @tacobannana6628
    @tacobannana6628 หลายเดือนก่อน

    he lost me at "not as bad as 2008" brother this is gunna make 2008 look like a warm summers rain

  • @Sgtrp-cp9qp
    @Sgtrp-cp9qp 2 หลายเดือนก่อน +1

    End the Fed & the Crypto DREAM!

  • @ancc1969
    @ancc1969 หลายเดือนก่อน

    “Being too far ahead of your time is indistinguishable from being wrong.” - Howard Marks

  • @RioGadde
    @RioGadde หลายเดือนก่อน

    Waiting for recession to come quick pls!!!❤❤❤

  • @armandoreyes2750
    @armandoreyes2750 2 หลายเดือนก่อน +4

    Where has George been???

    • @Silverman96
      @Silverman96 2 หลายเดือนก่อน +1

      True he hasn’t been on TH-cam for a while.

    • @armandoreyes2750
      @armandoreyes2750 2 หลายเดือนก่อน

      @@Silverman96 he hasn't been on either one of his channels ever since his last video on KH. And to be honest, I think this one is an old video.

    • @Silverman96
      @Silverman96 2 หลายเดือนก่อน +1

      @@armandoreyes2750 once he said just look at the Biden vs Trump debate I had that same thought to.

  • @raismobilenotary
    @raismobilenotary 2 หลายเดือนก่อน

    If cash goes away and people are holding cash do they flush it down toilet

  • @tolaibrahim7929
    @tolaibrahim7929 หลายเดือนก่อน +1

    Somebody is Shorting 🤣

  • @kauaifishing1365
    @kauaifishing1365 หลายเดือนก่อน +1

    Already in hard recession in Hawaii

  • @michaelacton6246
    @michaelacton6246 2 หลายเดือนก่อน +1

    90s isn't happening the yield curve didn't steppen enough. severe recession is coming

  • @radohand3097
    @radohand3097 2 หลายเดือนก่อน

    Michelle, please bring David Hunter the contrarian again. Time moved since you interviewed him. Thanks!

    • @benturtle3876
      @benturtle3876 2 หลายเดือนก่อน +1

      hunter usually shows up when markets top, and he says markets will double from here.. then 30% correction happens..

    • @radohand3097
      @radohand3097 2 หลายเดือนก่อน

      Yes still some melt up, e.g. 7K S&P. Now he's saying afterwards 80% vertical drop then economic bust.

  • @patted44
    @patted44 หลายเดือนก่อน

    George, why would you not say that it should be much worse than the GFC the reason for the severity is the amount of debt we have nearly double the amount of debt that we did in 2008 and we had nearly double the debt in 2008 that we had in 2000!

  • @rajput__ff_
    @rajput__ff_ 2 หลายเดือนก่อน

    buying and holding NVDA52K IS the contrarian move...

  • @risencreep
    @risencreep 2 หลายเดือนก่อน +4

    get 'em George

  • @rof8200
    @rof8200 2 หลายเดือนก่อน

    Banks will just go to the emergency lending window and get absorbed by bigger banks. This is not like 2007

  • @Shwjwowbd
    @Shwjwowbd 2 หลายเดือนก่อน

    Let’s go Primetime token to the moon 🔥 🔥 🔥

  • @JESUS.saves.Repent.
    @JESUS.saves.Repent. หลายเดือนก่อน

    They already made us pay those stimulus checks back. It came out of our tax return.
    They should have just quarantined the elderly and immune suppressed. The rest of us should have still worked. I had covid. I'm a healthy 25 year old. It felt like the flu with some minor bone aches. I could have easily still went to work. Many like me could have. Or they could have just used their sick days. We all would have passed covid around but we would survive it and build immunity. The young and healthy should have kept working. We wouldn't be in this economic mess.

  • @thespecialkid1384
    @thespecialkid1384 2 หลายเดือนก่อน +1

    just bought some gold