If you have questions for Professor Hanke's next appearance in the New Year, reach him in the email below or write to me at david@thedavidlinreport.com FOLLOW STEVE HANKE: Twitter (@steve_hanke): twitter.com/steve_hanke Email: hanke@jhu.edu Capital, Interest, And Waiting: www.amazon.ca/Capital-Interest-Waiting-Controversies-Additions-ebook/dp/B0D9741TWH
David, you should have Mike Maloney on regarding Hedara Hbar. I agree with him regarding BiTCoin - it’s just a speculation. IT Has Zero Utility compared to other Crypto. Blockchain is Dead! ☠️
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in our country.
Inflation can have a significant impact on individuals and their cost of living. As a result, it can cause negative market sentiment. It is important for individuals and businesses to find ways to navigate and potentially mitigate the effects of inflation on their finances. The current economic climate, including underperformance of financial markets due to fear of inflation, has led to a decrease in the value of my portfolio. I would appreciate any recommendations on how to potentially increase returns during this market downturn.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up $450k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Zareen Grace Church for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Are you serious? 3:00 Once again ProPutinHanke illustrates he's a feeble minded guy who; doesn't even understand the QTM/Monetarism he claims to believe or what Friedman, the QTM guru, has said about it and the relation between money supply and inflation or just money in general and that he certainly doesn't know what's going on in politics or geopolitics. It would be impossible to stop the deficit spending cold turkey,..(until things like the inflationary "inflation reduction act" aka the :green new ponzischeme" are reversed,.. but the first goal would be to at least cut deficit spending to less than the real growth on GDP. Something even Hanke has stated in several videos over the last few months,. although he doesn't know why except that maybe he got it from my conclusions of the very same thing mentioned in comments long before he and now Bessent in his 3-3-3 plan ever mentioned it. This is where Musk, Vivek and DOGE fit in in Trump's plans. Which include,.. And Trump has been very public about these,.. I don't know what rock Hanke has been hiding under. 1. Expanding fossil fuel production to reduce energy costs 2, Canceling the policies of theBribem admin that waste tax payer dollars on non productive activities. The "inflation reduction act",... 3. Bringing Musk in to cut waste, fraudand unjustifiable increases in spending,... and bring accountability into all departments,.. but especially the DOD. 4. End the wars, 5. close the border,.. 6. get rid of this unproductiveDEIWokenonsense,.. 7. pass pro-private sector growth policies (or remove those that restrict it),.. so that the private sector capital investment portion of GDP replaces the current government spending portion of it. The government produces nothing. It certainly isn't in the business of inventing technology to make workers more productive. Quite the opposite. and on and on,.. These all reduce government spending,.. inflationary money printing,.. Yes,... government deficit spending does add to the money supply,... money supply is more than Hanke's belief that it only involves M2. Michael Howell and Friedman long ago have said this. And puts us on the path to have government deficit spending as a percent of real GDP between zero and the real growth in GDP. 0 < dDeficitSpending% < drealGDP% Which will allow us to grow our way to a smaller debt to GDP ratio.
Great interview! Nice to see how Lin is getting nervous during the interview and fears loss of subscribers, while Hanke is roasting Bitcoin. Hanke is the man!
Also, think, do subscribers really care enough about 1 interview, to stop watching such a great channel? There’s many interviews with contradictions to BTC on this channel.
I think David didn't want to debate Steve about BTC, but thinks there's more value to this digital metal, or perhaps how Michael Saylor may put it, that it's the value of stored electricity. The fundamentals of electric cost and industry and how it ties to Bitcoin is a very harsh mistress to those who leverage up at the wrong time on BTC equipment.
Professor of economics does not sell equities or is a money manager so he is telling the way it is !! No sugar coating as he is not a politician or sell anything.. I believe him and david he is great interviewer
3:00 Once again ProPutinHanke illustrates he's a feeble minded guy who; doesn't even understand the QTM/Monetarism he claims to believe or what Friedman, the QTM guru, has said about it and the relation between money supply and inflation or just money in general and that he certainly doesn't know what's going on in politics or geopolitics. It would be impossible to stop the deficit spending cold turkey,..(until things like the inflationary "inflation reduction act" aka the :green new ponzischeme" are reversed,.. but the first goal would be to at least cut deficit spending to less than the real growth on GDP. Something even Hanke has stated in several videos over the last few months,. although he doesn't know why except that maybe he got it from my conclusions of the very same thing mentioned in comments long before he and now Bessent in his 3-3-3 plan ever mentioned it. This is where Musk, Vivek and DOGE fit in in Trump's plans. Which include,.. And Trump has been very public about these,.. I don't know what rock Hanke has been hiding under. 1. Expanding fossil fuel production to reduce energy costs 2, Canceling the policies of theBribem admin that waste tax payer dollars on non productive activities. The "inflation reduction act",... 3. Bringing Musk in to cut waste, fraudand unjustifiable increases in spending,... and bring accountability into all departments,.. but especially the DOD. 4. End the wars, 5. close the border,.. 6. get rid of this unproductiveDEIWokenonsense,.. 7. pass pro-private sector growth policies (or remove those that restrict it),.. so that the private sector capital investment portion of GDP replaces the current government spending portion of it. The government produces nothing. It certainly isn't in the business of inventing technology to make workers more productive. Quite the opposite. and on and on,.. These all reduce government spending,.. inflationary money printing,.. Yes,... government deficit spending does add to the money supply,... money supply is more than Hanke's belief that it only involves M2. Michael Howell and Friedman long ago have said this. And puts us on the path to have government deficit spending as a percent of real GDP between zero and the real growth in GDP. 0 < dDeficitSpending% < drealGDP% Which will allow us to grow our way to a smaller debt to GDP ratio.
People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver, stocks and digital currencies are also good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you..
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
Amy Lea. Kohlert is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Thank you for sharing, I must say, Rebecca Lynne Buie appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call.
I reached $138k today. Thank you for all the knowledge and insights you've shared with me over the past few months. I began this journey in October 2024. Financial education is essential for over 70% of the population, as only a few are truly literate in this area. Thanks so much Mrs Helen Curtin.
Steve is 100% correct about btc.....last week the fanatics were excited about $108,000 btc and right now it is $93,000. No one in their right mind would buy a currency that dropped 13.8% in a week and be happy about it. For example if you sold your house last week for a million dollars and next week they paid you $870,000 for it, you'd be pissed off.
If I sold my house for $1m I’m getting $1m. You signed the contract. If not move on. If my homes value dropped that much guess I’m not selling at that time, I’ll hold.
What he's saying is why not put the money into something that will generate direct income immediately. Build new tech to make trade more efficient, give it to us citizens who will spend, etc
There is no need for a “crypto-debate” here imho as you will struggle to find middle ground with a crypto pro. Two dogs barking on each side of a fence is not a good fight
@@ei7565Bitcoin/crypto engineers ARE building new tech. That new tech is orders of magnitude more efficient than our current system of centralized governnance. It's like a joke how much more efficient it is.
Hanke is constantly slapping David around, and somehow David’s hair is able to withstand the blows throughout the interview. He just chuckles about the “Hanke spanking” and moves along in the interview . Awesome job gentleman once again
3:00 Once again ProPutinHanke illustrates he's a feeble minded guy who; doesn't even understand the QTM/Monetarism he claims to believe or what Friedman, the QTM guru, has said about it and the relation between money supply and inflation or just money in general and that he certainly doesn't know what's going on in politics or geopolitics. It would be impossible to stop the deficit spending cold turkey,..(until things like the inflationary "inflation reduction act" aka the :green new ponzischeme" are reversed,.. but the first goal would be to at least cut deficit spending to less than the real growth on GDP. Something even Hanke has stated in several videos over the last few months,. although he doesn't know why except that maybe he got it from my conclusions of the very same thing mentioned in comments long before he and now Bessent in his 3-3-3 plan ever mentioned it. This is where Musk, Vivek and DOGE fit in in Trump's plans. Which include,.. And Trump has been very public about these,.. I don't know what rock Hanke has been hiding under. 1. Expanding fossil fuel production to reduce energy costs 2, Canceling the policies of theBribem admin that waste tax payer dollars on non productive activities. The "inflation reduction act",... 3. Bringing Musk in to cut waste, fraudand unjustifiable increases in spending,... and bring accountability into all departments,.. but especially the DOD. 4. End the wars, 5. close the border,.. 6. get rid of this unproductiveDEIWokenonsense,.. 7. pass pro-private sector growth policies (or remove those that restrict it),.. so that the private sector capital investment portion of GDP replaces the current government spending portion of it. The government produces nothing. It certainly isn't in the business of inventing technology to make workers more productive. Quite the opposite. and on and on,.. These all reduce government spending,.. inflationary money printing,.. Yes,... government deficit spending does add to the money supply,... money supply is more than Hanke's belief that it only involves M2. Michael Howell and Friedman long ago have said this. And puts us on the path to have government deficit spending as a percent of real GDP between zero and the real growth in GDP. 0 < dDeficitSpending% < drealGDP% Which will allow us to grow our way to a smaller debt to GDP ratio.
I'm sure he does, given his reasoning not to invest in btc. He wants investment into something that would generate immediate yield. Something like infrastructure or business grants...
The government adopting Bitcoin would also be environmentally disastrous. We should not be promoting a asset that contributes more carbon pollution through excessive energy consumption.
Hanke had some of the best perspectives on bitcoin that I’ve ever heard; and I sure noticed how uncomfortable Lin was in hearing that; is evident that Lin is in favor of bitcoin
Funny, I thought he had some of the absolute worst takes on bitcoin that I've ever heard. I think David was just cringing at how outdated his takes were, and how uninformed he is on bitcoin. It was hard to watch.
If someone could orange pill Hank’s, we might have the keys as to how to speak to the rest of the boomers who are quick to write Bitcoin off as speculative. I think Hanke has been in tradfi for so long that he is unable to imagine something other than what he knows. Other than that, I really enjoy listening to him and his perspectives!😅
@@LeaHerrington He is a wealthy PhD academic working at a top university. His entire life's work and success is built on the very system of lies that bitcoin is here to challenge.
@@newbraveworld9733 this dude is like Eatapeach on ZH. They are the height of stupidity regarding BTC. If they knew how wrong they were, and that we all know how wrong they are, they would be so embarrassed by running verbal diarrhea about something they have absolutely zero understanding of they would literally never say the word Bitcoin again.
Bitcoin is a speculative asset. To use it as the reserve asset is contrary to the fundamental principles for reserve. It is not only stupid but dangerously disastrous.
Except most of us crypto investors aren't 'bros.' We believe in it and justifiably trust it more than the manipulated fiat currencies of the world which are constantly losing value.
hes prefering a government owned and controlled currency over something with superior characteristic incapable of being inflated... as a supposedly anti gov guy... yea we are defiintely the religious fanatics. wanna try an argument, btw
@melissagreye8445 With that response, it's obvious that you don't know anything about Bitcoin. And I've never tripled my money with Monopoly money before! 😄
@@bamsenification It's complicated. How USDT / US Dollar Tether ended up being backed with US Treasuries, and I mean billions of dollars in US Treasuries, not small amounts, is too complex for me to understand. Crypto is a purely speculative asset so, I guess, this was a way to create their stable coin. Crypto that you personally hold is a non-recourse asset, which means if you lose the code or your wallet key or your wallet gets hacked you have no recourse, to get a refund for a wrongful charge. Anyhow, that wasn't my point. The USD is a fiat currency backed by the full faith and power of the US military and the DOJ. That's it. Tying US Treasuries to USDT is good for Tether, as a so-called stable coin, but bad for the USD, in my best guestimation. I view this as a pump-n-dump scheme. Those never end well.
Boy have you got that right. He got me to talk a lot about a couple of aspects of this chat in a couple of trading communities. This is my take on one of the jobs he used to have: He used to advise and set up other countries to swap out to using USD after they blew up their own currency. It's not totally unlike the gold standard America used to have, when another country uses USD instead of a former currency because they get a set amount of it, and the government is forced to have a balanced budget. In those conditions, countries do very well.
Uhm,.. yeah,.. no. 3:00 Once again ProPutinHanke illustrates he's a feeble minded guy who; doesn't even understand the QTM/Monetarism he claims to believe or what Friedman, the QTM guru, has said about it and the relation between money supply and inflation or just money in general and that he certainly doesn't know what's going on in politics or geopolitics. It would be impossible to stop the deficit spending cold turkey,..(until things like the inflationary "inflation reduction act" aka the :green new ponzischeme" are reversed,.. but the first goal would be to at least cut deficit spending to less than the real growth on GDP. Something even Hanke has stated in several videos over the last few months,. although he doesn't know why except that maybe he got it from my conclusions of the very same thing mentioned in comments long before he and now Bessent in his 3-3-3 plan ever mentioned it. This is where Musk, Vivek and DOGE fit in in Trump's plans. Which include,.. And Trump has been very public about these,.. I don't know what rock Hanke has been hiding under. 1. Expanding fossil fuel production to reduce energy costs 2, Canceling the policies of theBribem admin that waste tax payer dollars on non productive activities. The "inflation reduction act",... 3. Bringing Musk in to cut waste, fraudand unjustifiable increases in spending,... and bring accountability into all departments,.. but especially the DOD. 4. End the wars, 5. close the border,.. 6. get rid of this unproductiveDEIWokenonsense,.. 7. pass pro-private sector growth policies (or remove those that restrict it),.. so that the private sector capital investment portion of GDP replaces the current government spending portion of it. The government produces nothing. It certainly isn't in the business of inventing technology to make workers more productive. Quite the opposite. and on and on,.. These all reduce government spending,.. inflationary money printing,.. Yes,... government deficit spending does add to the money supply,... money supply is more than Hanke's belief that it only involves M2. Michael Howell and Friedman long ago have said this. And puts us on the path to have government deficit spending as a percent of real GDP between zero and the real growth in GDP. 0 < dDeficitSpending% < drealGDP% Which will allow us to grow our way to a smaller debt to GDP ratio.
Message for Professor Hanke. Maybe he understands but love to be ignorant! “For most people this concept has not QUITE SUNK in…. Everyone can access it because it is not a PRODUCT and not a COMPANY As soon as you DOWNLOAD one APPLICATION you can JOIN a global ECONOMY that global Economy is open to anyone of any RACE, RELIGION, CREED, ETHNICITY, AGE anywhere in the world.” As paraphrased by Andreas Antop
I agree w/ Prof Hanke on stupid idea of "Strategic Reserve" of Bitcoin. I never watched the film Idiocracy, and I think I can now instead watch current leaders. Sad.
I think Professor Hanke is right, the slow contraction of the money supply will slow down the U.S. and thus the global economy. If the war in Europe ends and the U.S. slows down the amount of spending in the Military Industry Complex this will cause a negative multiplier leading to a recession in the U.S. economy. Professor Hanke is also 110% right about bitcoin and a bitcoin strategic reserve. It would be the most asinine thing a country could do. Moving these savings into bitcoin Will slow down the level of capital accumulation thus productivity and the economy as a whole. Professor Hanke did a good job. I don't always agree with everything Professor Hanke puts forward, but he is always about 80% or more right on everything he says.
Prof. Hanke is so right about everything. He’s a National Treasure. I have first-hand experience with original Trump tariffs and ensuing exemptions and what he says is spot-on.
David are doing an excellent job with your TH-cam channel always asking very good questions to all the experts you interview educating and informing us very Well. Interviews with professor Steve Hanke are the very Nice desert you gave to us on this channel. Continue your good work in 2025
Being in the Gisela Mary server and starting trading is literally changing my life. I’m starting with a small £2000 amount but I got it up to £19,500 in one week! Not a big money but that's a big growth for me. 🎉🎉
Hello, how did you achieve such biweekly ? I’m a newbie and I've lost a lot of money investing on my own. Please can you advise on how to go about this?
I would love to read The Donald's entry in Hanke's Encylcopedia of Economic Stupidity. Happy New Year Pwofessors (Lin & Hanke)! Looking forward to many interesting interviews involving the pair of you in 2025.
👍 Thanks David, I was hoping that you could bring in Prof. Hanke, end of the year for 2025 outlook. I guess you read my (and many others) mind😊. Wish we have more time with him (at least one and half hours) as he has so much to share and provide context to.
Do read Hankey's education and experience on Wikipedia before popping off about his knowledge and education. He explained the problem with BTC clearly and concisely. Listen again if YOU don't understand. He's written 20 books on currencies and economics on his way to being named one of the 25 most influential people in the world (probably before you were born?). And fyi, he's never misspelled the word 'too'.
If you have questions for Professor Hanke's next appearance in the New Year, reach him in the email below or write to me at david@thedavidlinreport.com
FOLLOW STEVE HANKE:
Twitter (@steve_hanke): twitter.com/steve_hanke
Email: hanke@jhu.edu
Capital, Interest, And Waiting: www.amazon.ca/Capital-Interest-Waiting-Controversies-Additions-ebook/dp/B0D9741TWH
@David When someone trashes bitcoin, can you please follow up and make sure they feel the same way about gold?
And if not, ask why not.
David, you should have Mike Maloney on regarding Hedara Hbar. I agree with him regarding BiTCoin - it’s just a speculation. IT Has Zero Utility compared to other Crypto. Blockchain is Dead! ☠️
@@davecalico3273what does this mean for "other crypto" if blockchain is dead?
Where will "other crypto's" exist?
Can you ask him, Why long bonds are going up ?
Bitcoin like the greens...
Take a drink every time he says "money supply"
And for every book behind him
and a piece of cake every time he says " Baked in the cake"
Long and variable lags
Isn't it reasonable for a monetarist to use the term "money supply" frequently? I wouldn't fault Steve for that.
Money supply for the ultra rich. Small people instead get the depeciation. This is criminal.
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in our country.
Inflation can have a significant impact on individuals and their cost of living. As a result, it can cause negative market sentiment. It is important for individuals and businesses to find ways to navigate and potentially mitigate the effects of inflation on their finances. The current economic climate, including underperformance of financial markets due to fear of inflation, has led to a decrease in the value of my portfolio. I would appreciate any recommendations on how to potentially increase returns during this market downturn.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up $450k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
Could you kindly elaborate on the advisor's background and qualifications?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Zareen Grace Church for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
David you are great and thanks for letting guests talk!
Se sont des anciens générations, respect, la dignité. HUMAINS
Mr. Hanke, the life of every party.
Damn, David seems exhausted after every hanky video now.
Prof. Hanke is the voice of common logic that is not so common these crazy interesting times we live in.
Hanke has a great perspective on all these issues in a way that few have. It’s like the opposite of listening to a politician.
XEN crypto 💎 10,000x potential
Are you serious?
3:00 Once again ProPutinHanke illustrates he's a feeble minded guy who;
doesn't even understand the QTM/Monetarism he claims to believe or
what Friedman, the QTM guru, has said about it and the relation between money supply and inflation or
just money in general
and
that he certainly doesn't know what's going on in politics or geopolitics.
It would be impossible to stop the deficit spending cold turkey,..(until things like the inflationary "inflation reduction act" aka the :green new ponzischeme" are reversed,.. but the first goal would be to at least cut deficit spending to less than the real growth on GDP.
Something even Hanke has stated in several videos over the last few months,. although he doesn't know why except that maybe he got it from my conclusions of the very same thing mentioned in comments long before he and now Bessent in his 3-3-3 plan ever mentioned it.
This is where Musk, Vivek and DOGE fit in in Trump's plans.
Which include,..
And Trump has been very public about these,.. I don't know what rock Hanke has been hiding under.
1. Expanding fossil fuel production to reduce energy costs
2, Canceling the policies of theBribem admin that waste tax payer dollars on non productive activities. The "inflation reduction act",...
3. Bringing Musk in to cut waste, fraudand unjustifiable increases in spending,... and bring accountability into all departments,.. but especially the DOD.
4. End the wars,
5. close the border,..
6. get rid of this unproductiveDEIWokenonsense,..
7. pass pro-private sector growth policies (or remove those that restrict it),.. so that the private sector capital investment portion of GDP replaces the current government spending portion of it.
The government produces nothing. It certainly isn't in the business of inventing technology to make workers more productive. Quite the opposite.
and on and on,..
These all reduce government spending,.. inflationary money printing,..
Yes,... government deficit spending does add to the money supply,... money supply is more than Hanke's belief that it only involves M2.
Michael Howell and Friedman long ago have said this.
And puts us on the path to have government deficit spending as a percent of real GDP between zero and the real growth in GDP.
0 < dDeficitSpending% < drealGDP%
Which will allow us to grow our way to a smaller debt to GDP ratio.
People with good ideas never get elected.
Completely disagree. These economists are responible for the broken system and now complain its broken. He is like more of the wrong medicine.
TRUST IN #HANKE COIN 🙏 POSITIONED TO MAKE BREAKOUT GAINS IN 2025 #HANKECOIN TO THE MOON🚀
Hanke is brilliant! He's the best guest David hosts. Time will prove him right again (but "with a long and variable lag").
Using "with a long and variable lag" as a qualification regarding market cycles is pretty much meaningless...
The guest nailed the reason trump likes bitcoin,
It is to line his pockets, nothing new there. Trump has always been for sale.
His call on inflation was bang on.
Great interview! Nice to see how Lin is getting nervous during the interview and fears loss of subscribers, while Hanke is roasting Bitcoin. Hanke is the man!
Not really. Hanke's likes far outweigh dislikes. David is just a BTC bull so
I think David was just cringing at how outdated his takes were, and how uninformed he is on bitcoin. It was hard to watch.
I don’t think you’re intelligent enough to understand David dosent care too much about subscribers, he just disagrees with Hanke.
Also, think, do subscribers really care enough about 1 interview, to stop watching such a great channel? There’s many interviews with contradictions to BTC on this channel.
@@mindmobilizingmusic2130 Fortunately, you're the smart guy putting everything into perspective. Or DOSENT that apply to you?
Hanke is over 80 years old and is incredible at what he does. Truly impressive.
Completely agree he is old but he is a sincking ship😂
Lol the interviewer doesn't like what the professor is saying 😂
How can you tell
A broken cl9ck
I think David didn't want to debate Steve about BTC, but thinks there's more value to this digital metal, or perhaps how Michael Saylor may put it, that it's the value of stored electricity. The fundamentals of electric cost and industry and how it ties to Bitcoin is a very harsh mistress to those who leverage up at the wrong time on BTC equipment.
XEN crypto 💎 10,000x potential
Im sure he doesn’t mind, he has Hanke on this show like 3x a month
Excellent Analysis by Steve Hanke!
Professor of economics does not sell equities or is a money manager so he is telling the way it is !! No sugar coating as he is not a politician or sell anything.. I believe him and david he is great interviewer
3:00 Once again ProPutinHanke illustrates he's a feeble minded guy who;
doesn't even understand the QTM/Monetarism he claims to believe or
what Friedman, the QTM guru, has said about it and the relation between money supply and inflation or
just money in general
and
that he certainly doesn't know what's going on in politics or geopolitics.
It would be impossible to stop the deficit spending cold turkey,..(until things like the inflationary "inflation reduction act" aka the :green new ponzischeme" are reversed,.. but the first goal would be to at least cut deficit spending to less than the real growth on GDP.
Something even Hanke has stated in several videos over the last few months,. although he doesn't know why except that maybe he got it from my conclusions of the very same thing mentioned in comments long before he and now Bessent in his 3-3-3 plan ever mentioned it.
This is where Musk, Vivek and DOGE fit in in Trump's plans.
Which include,..
And Trump has been very public about these,.. I don't know what rock Hanke has been hiding under.
1. Expanding fossil fuel production to reduce energy costs
2, Canceling the policies of theBribem admin that waste tax payer dollars on non productive activities. The "inflation reduction act",...
3. Bringing Musk in to cut waste, fraudand unjustifiable increases in spending,... and bring accountability into all departments,.. but especially the DOD.
4. End the wars,
5. close the border,..
6. get rid of this unproductiveDEIWokenonsense,..
7. pass pro-private sector growth policies (or remove those that restrict it),.. so that the private sector capital investment portion of GDP replaces the current government spending portion of it.
The government produces nothing. It certainly isn't in the business of inventing technology to make workers more productive. Quite the opposite.
and on and on,..
These all reduce government spending,.. inflationary money printing,..
Yes,... government deficit spending does add to the money supply,... money supply is more than Hanke's belief that it only involves M2.
Michael Howell and Friedman long ago have said this.
And puts us on the path to have government deficit spending as a percent of real GDP between zero and the real growth in GDP.
0 < dDeficitSpending% < drealGDP%
Which will allow us to grow our way to a smaller debt to GDP ratio.
Nobody is talking about all the short-term debt that's coming due in 2025 it's massive
9 trillion I think? What possibly could go wrong with that..
Yep…cuz Steve is a believer in money supply theory
Banks?
People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver, stocks and digital currencies are also good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you..
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
this is all new to me, where do I find a fiduciary, can you recommend any?
Amy Lea. Kohlert is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Thank you for sharing, I must say, Rebecca Lynne Buie appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call.
Overpriced, overvalued, and overhyped. Absolutely.
IF EVERYONE thinks that, then theyve already sold, right?
So whos left to sell?
So what ?
Even $1 is over priced 🫢
Oooh... You proved you can say words.
So convincing.
@@Scorch428 what do you mean everyone
Last year prof Henke was saying recession was baked in, now just a slow down in 2025
Yep once he goes bullish you know it’s time to sell
Yep…damn, guess money supply theory ain’t as good as he thinks it is
I reached $138k today. Thank you for all the knowledge and insights you've shared with me over the past few months. I began this journey in October 2024. Financial education is essential for over 70% of the population, as only a few are truly literate in this area.
Thanks so much Mrs Helen Curtin.
I'm surprised that you just mentioned and recommended Helen Curtin, I met her at a conference in 2018 and we have been working together ever since.
The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.
You trade with Helen Curtin too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much.
This country is in serious trouble if we throw our gold away to purchase Bitcoin.
MAKE SURE YOU HAVE CASH TO BUY MORE GOLD IF THE PRICE IS GOING DOWN
@@petruflorintofoleanu5865 Please don't shout.
You think this country has gold???? The FED sure does, to keep it away from us!!
yea suc ha big problem to exchange one asset for a stronger asset
We’d be like a big Canada
Hanke is definitely gaining credibility with me.
Steve is 100% correct about btc.....last week the fanatics were excited about $108,000 btc and right now it is $93,000.
No one in their right mind would buy a currency that dropped 13.8% in a week and be happy about it.
For example if you sold your house last week for a million dollars and next week they paid you $870,000 for it, you'd be pissed off.
It’s not a currency. Long term monetary debasement hedge. Volatility is a feature.
If I sold my house for $1m I’m getting $1m. You signed the contract. If not move on. If my homes value dropped that much guess I’m not selling at that time, I’ll hold.
Here’s a scenario. What if I loaded up average cost of $40k over the last 4 years. I’d be pretty happy. 🍊💊
check out btc track record before spitting on it
It’s not a currency
Thanks!
We need this FUD and bearishness for a good bullrun in 2025. Thank you.
Pleaaaase bring on more Crypto debates! I love seeing the fanatics struggling to sell gibberish.
What he's saying is why not put the money into something that will generate direct income immediately. Build new tech to make trade more efficient, give it to us citizens who will spend, etc
So you missed the train, got it
There is no need for a “crypto-debate” here imho as you will struggle to find middle ground with a crypto pro. Two dogs barking on each side of a fence is not a good fight
I'm retired on Gibberish.
@@ei7565Bitcoin/crypto engineers ARE building new tech.
That new tech is orders of magnitude more efficient than our current system of centralized governnance.
It's like a joke how much more efficient it is.
Cranky Hanke and his sidekick......best economic tag team on the Internet
GREAT interview David ,Professor Steve Hanke is a true role model!!!
Look at the comments full of dumb arse crypto bots trying to scam your listeners
i know right, eat your fiat like agood little boy!
money is nothing more than a collective agreement.
Yes! A debate with Tom Lee would be best.
Tom has a stellar track record and you never have him on the show!
Hanke is constantly slapping David around, and somehow David’s hair is able to withstand the blows throughout the interview.
He just chuckles about the “Hanke spanking” and moves along in the interview .
Awesome job gentleman once again
How do I say I have no idea what's going on or what's going to happen..with out saying I have no idea what's going to happen...
My favorite guest 👍
The ego on this old fool is magnificent to watch
And Peter Schiff, Yra Harris, Andy Sheckman, Rick Rule and Jim Rickards and Rogers. There are so many smart people here.
3:00 Once again ProPutinHanke illustrates he's a feeble minded guy who;
doesn't even understand the QTM/Monetarism he claims to believe or
what Friedman, the QTM guru, has said about it and the relation between money supply and inflation or
just money in general
and
that he certainly doesn't know what's going on in politics or geopolitics.
It would be impossible to stop the deficit spending cold turkey,..(until things like the inflationary "inflation reduction act" aka the :green new ponzischeme" are reversed,.. but the first goal would be to at least cut deficit spending to less than the real growth on GDP.
Something even Hanke has stated in several videos over the last few months,. although he doesn't know why except that maybe he got it from my conclusions of the very same thing mentioned in comments long before he and now Bessent in his 3-3-3 plan ever mentioned it.
This is where Musk, Vivek and DOGE fit in in Trump's plans.
Which include,..
And Trump has been very public about these,.. I don't know what rock Hanke has been hiding under.
1. Expanding fossil fuel production to reduce energy costs
2, Canceling the policies of theBribem admin that waste tax payer dollars on non productive activities. The "inflation reduction act",...
3. Bringing Musk in to cut waste, fraudand unjustifiable increases in spending,... and bring accountability into all departments,.. but especially the DOD.
4. End the wars,
5. close the border,..
6. get rid of this unproductiveDEIWokenonsense,..
7. pass pro-private sector growth policies (or remove those that restrict it),.. so that the private sector capital investment portion of GDP replaces the current government spending portion of it.
The government produces nothing. It certainly isn't in the business of inventing technology to make workers more productive. Quite the opposite.
and on and on,..
These all reduce government spending,.. inflationary money printing,..
Yes,... government deficit spending does add to the money supply,... money supply is more than Hanke's belief that it only involves M2.
Michael Howell and Friedman long ago have said this.
And puts us on the path to have government deficit spending as a percent of real GDP between zero and the real growth in GDP.
0 < dDeficitSpending% < drealGDP%
Which will allow us to grow our way to a smaller debt to GDP ratio.
By Hanke's logic, investing in gold is nonproductive too. Does he believe that?
I'm sure he does, given his reasoning not to invest in btc. He wants investment into something that would generate immediate yield. Something like infrastructure or business grants...
But his answer is specific to FED or gov funds. Not to individual investors. Gold is currency of central banks. BT is not.
@@pawegraczyk6050 How is gold currency of central banks? They do not base monetary decisions on their gold supply.
Htf is gold non-productive?! Omg you freakin moron 😂
@@ei7565how would bitcoin be currency of central banks? It wouldn’t be just like gold isn’t now.
The government adopting Bitcoin would also be environmentally disastrous. We should not be promoting a asset that contributes more carbon pollution through excessive energy consumption.
CO2 is not poisonous, without it 99.9% of all life on earth will disappear.
excellent interview.
The way 41:07 David said "OK professor“
Sums it up well
Hanke had some of the best perspectives on bitcoin that I’ve ever heard; and I sure noticed how uncomfortable Lin was in hearing that; is evident that Lin is in favor of bitcoin
Funny, I thought he had some of the absolute worst takes on bitcoin that I've ever heard. I think David was just cringing at how outdated his takes were, and how uninformed he is on bitcoin. It was hard to watch.
If someone could orange pill Hank’s, we might have the keys as to how to speak to the rest of the boomers who are quick to write Bitcoin off as speculative. I think Hanke has been in tradfi for so long that he is unable to imagine something other than what he knows. Other than that, I really enjoy listening to him and his perspectives!😅
favored of the superior currency against the currency issued and owned by governments? how could he!?
@@LeaHerrington He is a wealthy PhD academic working at a top university. His entire life's work and success is built on the very system of lies that bitcoin is here to challenge.
@@newbraveworld9733 this dude is like Eatapeach on ZH. They are the height of stupidity regarding BTC. If they knew how wrong they were, and that we all know how wrong they are, they would be so embarrassed by running verbal diarrhea about something they have absolutely zero understanding of they would literally never say the word Bitcoin again.
Enjoyed this podcast. Smart guest and very informative. Thanks David and more power to you. Have a Happy and Prosperous New Year to everyone !!!
Bitcoin is a speculative asset. To use it as the reserve asset is contrary to the fundamental principles for reserve. It is not only stupid but dangerously disastrous.
You know what's stupid? You!
I agree!
if bitcoin is a speculative asset so is a shiny rock called gold and we store that
Gold is a speculative asset.
Gold has a purpose. It's use to make computer components for people mining bitcoin.
Interesting view point and discussion with Hanke - and I like the way you handle the topic, I enjoy watching and listening, good work David!
Great video! Profited 30%! XAI67F$ and ADA look solid. SOL also tempting. Should I stick or diversify?
Hanke absolutely NAILED IT.
16:26 Hanky vs. Robert Breedlove 🖖
He's so right about crypto bros being akin to religious fanatics
Except most of us crypto investors aren't 'bros.' We believe in it and justifiably trust it more than the manipulated fiat currencies of the world which are constantly losing value.
hes prefering a government owned and controlled currency over something with superior characteristic incapable of being inflated... as a supposedly anti gov guy...
yea we are defiintely the religious fanatics.
wanna try an argument, btw
@@hahamasala Its basically putting value on monopoly money. Steve Hanke is right.
@melissagreye8445 With that response, it's obvious that you don't know anything about Bitcoin. And I've never tripled my money with Monopoly money before! 😄
Thank you David
M2 has been on the rise since the past 12-24 months. How come that Hanke still believes that CPI will come down?
The reality is that Tether is a back door way to sell US treasuries and I don't see that ending well.
Bitcoin will still keep going on my friend it will affect the price for a moment not the network.
and why dont you se that ending well
@@bamsenification It's complicated. How USDT / US Dollar Tether ended up being backed with US Treasuries, and I mean billions of dollars in US Treasuries, not small amounts, is too complex for me to understand. Crypto is a purely speculative asset so, I guess, this was a way to create their stable coin. Crypto that you personally hold is a non-recourse asset, which means if you lose the code or your wallet key or your wallet gets hacked you have no recourse, to get a refund for a wrongful charge.
Anyhow, that wasn't my point. The USD is a fiat currency backed by the full faith and power of the US military and the DOJ. That's it. Tying US Treasuries to USDT is good for Tether, as a so-called stable coin, but bad for the USD, in my best guestimation. I view this as a pump-n-dump scheme. Those never end well.
@@faithsrvtrip8768 billions in trasuries is small money
ok yes i have questions about such things too
Interesting viewpoint...Thanks David!!
OMG, your calls are insane! 10% gains last week. Thinking about XAI28K, SOL, and MATIC now. Thoughts?
Sol yes, Matic no, and that other one is a scam coin you are pushing to steal peoples money.
I love listening to Professor Hanke. Thank you David for always bringing him on.
Hanke is a legend - says it like it is.
In his own mind
Boy have you got that right. He got me to talk a lot about a couple of aspects of this chat in a couple of trading communities.
This is my take on one of the jobs he used to have:
He used to advise and set up other countries to swap out to using USD after they blew up their own currency. It's not totally unlike the gold standard America used to have, when another country uses USD instead of a former currency because they get a set amount of it, and the government is forced to have a balanced budget. In those conditions, countries do very well.
XEN crypto 💎 10,000x potential
You know you're talking to an economist when they talk about the velocity of money. 😂
Mr Hanke is a master of finance
His take on bitcoin shows his complete lack of education on it. Pathetic really.
Uhm,.. yeah,.. no.
3:00 Once again ProPutinHanke illustrates he's a feeble minded guy who;
doesn't even understand the QTM/Monetarism he claims to believe or
what Friedman, the QTM guru, has said about it and the relation between money supply and inflation or
just money in general
and
that he certainly doesn't know what's going on in politics or geopolitics.
It would be impossible to stop the deficit spending cold turkey,..(until things like the inflationary "inflation reduction act" aka the :green new ponzischeme" are reversed,.. but the first goal would be to at least cut deficit spending to less than the real growth on GDP.
Something even Hanke has stated in several videos over the last few months,. although he doesn't know why except that maybe he got it from my conclusions of the very same thing mentioned in comments long before he and now Bessent in his 3-3-3 plan ever mentioned it.
This is where Musk, Vivek and DOGE fit in in Trump's plans.
Which include,..
And Trump has been very public about these,.. I don't know what rock Hanke has been hiding under.
1. Expanding fossil fuel production to reduce energy costs
2, Canceling the policies of theBribem admin that waste tax payer dollars on non productive activities. The "inflation reduction act",...
3. Bringing Musk in to cut waste, fraudand unjustifiable increases in spending,... and bring accountability into all departments,.. but especially the DOD.
4. End the wars,
5. close the border,..
6. get rid of this unproductiveDEIWokenonsense,..
7. pass pro-private sector growth policies (or remove those that restrict it),.. so that the private sector capital investment portion of GDP replaces the current government spending portion of it.
The government produces nothing. It certainly isn't in the business of inventing technology to make workers more productive. Quite the opposite.
and on and on,..
These all reduce government spending,.. inflationary money printing,..
Yes,... government deficit spending does add to the money supply,... money supply is more than Hanke's belief that it only involves M2.
Michael Howell and Friedman long ago have said this.
And puts us on the path to have government deficit spending as a percent of real GDP between zero and the real growth in GDP.
0 < dDeficitSpending% < drealGDP%
Which will allow us to grow our way to a smaller debt to GDP ratio.
I like how Lin cannot control the truth coming out of Steve
Mr Hanks’s the best 👍
Not really. BTC went from free to over $100k and he won't take the time to understand it. SAD!
@@d.fenestrator9529 He understands. He has probably been around longer than you and is probably more highly educated than you.
Message for Professor Hanke. Maybe he understands but love to be ignorant!
“For most people this concept has not QUITE SUNK in….
Everyone can access it because it is not a PRODUCT and not a COMPANY
As soon as you DOWNLOAD one APPLICATION you can JOIN a global ECONOMY that global Economy is open to anyone of any RACE, RELIGION, CREED, ETHNICITY, AGE anywhere in the world.” As paraphrased by Andreas Antop
Always enjoy learning from the Prof!
I agree w/ Prof Hanke on stupid idea of "Strategic Reserve" of Bitcoin.
I never watched the film Idiocracy, and I think I can now instead watch current leaders.
Sad.
Imagine XAI28K at $1 now and $15 next year. That’s why I’m all in-no brainer!
Professor Hanke has a stellar record of economic forcast and my respect.😻
Lol shes entered Hankeys dictionary of economic stupidity. This guy is great.
Professor Hanke shares fascinating data and opinions.
Comtrarian, simple, and honest.
Well done Gentlemen
It amazes me that people has ignorant as Senator Lummis are elected to positions in the government. A bitcoin reserve is ludicrous!
I think Professor Hanke is right, the slow contraction of the money supply will slow down the U.S. and thus the global economy. If the war in Europe ends and the U.S. slows down the amount of spending in the Military Industry Complex this will cause a negative multiplier leading to a recession in the U.S. economy.
Professor Hanke is also 110% right about bitcoin and a bitcoin strategic reserve. It would be the most asinine thing a country could do. Moving these savings into bitcoin Will slow down the level of capital accumulation thus productivity and the economy as a whole.
Professor Hanke did a good job. I don't always agree with everything Professor Hanke puts forward, but he is always about 80% or more right on everything he says.
The professor is always grumpy! But he is smart and has great insights!
He likes to drink scotch.
Excellent discussion. I found his brief mention into commodities most intriguing. That in itself would be a fascinating discussion. Thanks David
Prof. Hanke is so right about everything. He’s a National Treasure. I have first-hand experience with original Trump tariffs and ensuing exemptions and what he says is spot-on.
Happy New Year! Thank you for sharing your experience and knowledge.
Prof Hanke is super logical….me likey
Thank you, Professor Hanks. I appreciate your fact based, apolitical analysis.
Thank you David for having Prof. Stephen Hanke on a frequent basis..
“Outlaw Bitcoin..!!!”
Haha
Please
Try it…it wouldn’t make a difference to the Btc network.
This is a great way to explain circumstances in many parts of world now for various reasons.😅
david please interview "uneducated economist" if you can. thanks.
Oh God, no thanks
He is definitely uneducated 😂😂
Excellent discussion.
Thanks great show
David - you cut Hanke off just as he was about to tell us about which commodities we should consider investing in!
10% profits already thanks to your call. Thinking about XAI28K, MATIC, and ETH. Should I go deeper?
Trade in gold for bitcoin? Like, trade in gold for paper $? 1932?
You will eat bugs.
btc you cant print, gold you can. why dot you like it, again?
Insightful analysis!! Thank you Professor Hanke!
Did that woman say they can sell gold-backed certificates? Based on what gold valuation?
Yeah, that certificate’s statement through me off, too. First thing that came to me is there is no gold to back it.
@@Bruhne
Nonsense,, we have excess 8k tons,, stop listening to fake conspiracies,,
@@Bruhneand no physical gold makes them worthless pieces of paper like the United States Dollar is
JPM will sell you a gold-backed certificate.
@@30yearstockcycle Seriously? Sorry never heard of them before.
Always sound and wise reasoning by Prof. Hanke.
Oh quit dragging out the pain. We are going into a brand new humane economy for the people.
love seeing David gets frustrated :). Please bring Hanke and Jason Shapiro back!!!!
David are doing an excellent job with your TH-cam channel always asking very good questions to all the experts you interview educating and informing us very Well. Interviews with professor Steve Hanke are the very Nice desert you gave to us on this channel. Continue your good work in 2025
Professor's constant hammering has finally driven the nail deep into my understanding.. all I look for now is money supply changes
Me too
very good video and guest. 🎉
Being in the Gisela Mary server and starting trading is literally changing my life. I’m starting with a small £2000 amount but I got it up to £19,500 in one week! Not a big money but that's a big growth for me. 🎉🎉
Hello, how did you achieve such biweekly ? I’m a newbie and I've lost a lot of money investing on my own. Please can you advise on how to go about this?
I've followed many traders over the years, but none have been as consistently accurate as Ms Gisela... She's truly an inspiration to us all…
I think I’m blessed if not I wouldn’t have met someone who is as spectacular as expert Gisela.
Same here the very first time we tried. We invested $1000 and after a week, we
received $10500. That really helped me a lot to pay up our bills.
Decent traders with good solution to crypto failure like Gisela Mary should be celebrated before it's too late. I appreciate your good work ma'am
I would love to read The Donald's entry in Hanke's Encylcopedia of Economic Stupidity. Happy New Year Pwofessors (Lin & Hanke)! Looking forward to many interesting interviews involving the pair of you in 2025.
🐸🚨BOILED FROG ECONOMY🐸🚨
👍 Thanks David, I was hoping that you could bring in Prof. Hanke, end of the year for 2025 outlook. I guess you read my (and many others) mind😊. Wish we have more time with him (at least one and half hours) as he has so much to share and provide context to.
Money supply blah blah, there is plenty of money out there. In fact there is too much money, driving credit spreads to record lows.
Good health Professor ❤😊
Agree we will see more corruption thank you
I would want to see David Lin interviewing David Lin
Yes
HUH?
Complete and utter nonsense.
He praised Greenspan for his policies. As I remember it didn't end well for him. Other than that I found his ideas very compelling.
Today the DEX in Bybit is lagging!!
I just done video to show that
When you are exchanging it's giving you like 9x
Like a lot of his peers, he doesn’t understand BTC, it is just to foreign at his age
Do read Hankey's education and experience on Wikipedia before popping off about his knowledge and education. He explained the problem with BTC clearly and concisely. Listen again if YOU don't understand. He's written 20 books on currencies and economics on his way to being named one of the 25 most influential people in the world (probably before you were born?). And fyi, he's never misspelled the word 'too'.
@@markfitzgerald2238😂
You are the idiot in the room boyo 😂