Will The Trump Tariffs Lead To An Economic BOOM Or BUST?
World’s Largest Asset Class Is On The Brink Of COLLAPSE
October 2007 vs. October 2024 (Similarities Are SHOCKING)
Peter Schiff Is WRONG About The Dollar (Here’s Why)
The US Debt Crisis Is Far Worse Than You Think
OMG!! The Fed Just Made A HUGE Mistake
SECRET METHOD Banks Use To Control The World
Understanding Inflation and Its Impact on Investments: Tips and Strategies for Savvy Investors
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It will be interesting to see how economy reacts post election. Something wicked comes this way!
trump wins: bull run
harris wins: major correction
my guess
@@manfrombritain6816 I guess the opposite. If trump wins all the REAL data will start coming out.
Not only are the democrats planning martial law, they just gave the order that the military can shoot Americans!
They’re not going to allow Trump back in office!
@@manfrombritain6816 In the long run no difference
Drill baby drill.
Matthew 23:27 “Woe unto you, scribes and Pharisees, hypocrites! for ye are like unto whited sepulchres, which indeed appear beautiful outward, but are within full of dead men’s bones, and of all uncleanness.”
Kazars
@@matthewthurntranslation: buy the long bond.
The verse is referring to neo-Nazis in the geno-state.
@@mateobaysa2055 It is our politicians and our religious denominational empires of men with their 5013c affiliations with the politicians …liars, all of them. Looking all spiffed up, telling you what you want to hear, purposed to deceive you, for they say one thing, then do another, hypocrites, all of them! You fell in love with yourself, believing the lies they told you that you wanted to hear, to your destruction. Check out John 8:44
Nobody taught the morons in this country it is not the gross debt but the debt to GDP that matters 🤣😂the entire society in this country is so math & common sense challenged that they can’t tell even the greatest & most egregious BS from simple truth 🤣😂
Bravo 🤣😂
You’re assuming there’ll be huge demand for deposits offering below-inflation returns. I think that premise is incorrect.
Exactly what I was thinking
Well, everyone and their grandma has been predicting an economic collapse, but either the economy is far too complex than anyone understands, or everyone is stupid.
Or when every sucker that is trying to be fiscally responsible finally gives up and piles into the market and finally it all blows up
With all debts mathematically impossible to repay, does that not make the currency worthless , or is endless amounts of debt an asset.
As the debt increases, other countries realize it can not be paid back, which leads to no one wanting the debt, and no one wanting the US dollar. When this happens, it’s GAME OVER, the currency becomes worthless. This is how it has happened in ALL the countries that were in a debt death spiral like the US.
Correct. But George is failing to see this.
ALL countries can see this, of course. They have their own worthless currency, so that’s why they buy UST. The BRICS nations also realize this, but they will never agree on a common currency. Why ? Because all communists do not trust each other to act honestly. They will cheat. And they know the others will cheat as well.
@@LG-tw5vmThe currency would stop being money in global trade making no sense to keep reserves in dollar denominated assets/debt. The currency will always have value in the country of issue, even if it needs many more of the currency to buy basic goods.
It does out the curve over 10 or 30 years.
Personally I dont understand anyone lending money for 30 years at 4,8%
Gammon the problem is: what if the debt becomes impossible to pay? Then inflation matters…
So cool. I watch you from Brazil . Thanks
George Gammon was talking about deflation being a problem in 2020, when inflation was only still “transient”
George tries to be too smart and he wants to look cool to the dollarbug crowd.
The problem is NOT tax rates. The problem is welfare. Period. Each person on welfare represents a person not working, therefore not paying taxes. That is somewhere between 52 and 59% of all adults in the nation depending on how you count it. Adding to that, most workers don’t actually pay income taxes. 89% of all income taxes are paid by just 20% of all income earners. This means that only 20% of US adults actually pay any taxes at all.
No system can sustain that. I’m not sorry to say this–the welfare state must be ended. People must be made to get jobs, and every wage earner must be payers. Interestingly, more paying in and less receivers means more revenue available for government operations.
But even that is not enough. The voters in the USA must stop voting for endless pork, entitlement, set asides, corporate and ag subsidies, and foreign aid. That means some real wailing and gnashing of teeth must occur. Only when the billionaire class starts crying will you know that real progress is being made.
It won’t happen, of course. People will always vote for “free stuff”.
Lets start with cutting social security and Medicare to zero biggest bloat of the system then cut food stamps to zero not my fckn problem if you didn’t save for retirement or can’t feed yourself
people have to go on government assistance because landlords charge too much for apartments. Landlords try to use the public as slaves. Go out & work all month then give all the money to me on rent day
Go read short bio of Alexander Titler. 1800’s philosopher hit it on the head.
There is a flaw here because there is not an infinite depositors to pocket spread. Like Christine Lagarde told us ” if there is a exit, this exit will be used”
But does that matter if the banks can leverage any deposit out the wazoo and no longer have to hold reserves (as of 2020)?
@@chinobino1474
They can only leverage deposits in making loans. And then they’re limited by capital requirements.
Thank you ,George and Crew…..
And they call it “the inflation reduction act” ! Oh the irony
US consumption is subsidized by excess government spending to such an extent that real cuts would devastate the economy which would devastate tax receipts causing the deficit to soar. Maybe that’s the doom loop.
Yep, this is the scenario that I think might play out. And… add the unsolvable problem of the interest cost on u.s. debt; it’s already larger than the defense budget. Inflating away debt cost may have reached the end game.
I don’t think that holds up to scrutiny. Your collecting a fraction of what you are spending through taxes . Yes you won’t get the taxes but save money
But wait, there’s more! Once you trigger the next recession, and unemployment hits 6, 7, 8, 9….% you would also have to refuse to provide extended unemployment benefits. Because that always blows out the deficit. Those benefits are now fully expected by everyone, especially the media. It would be extremely ugly. Name the politicians who will voluntarily do this? That crickets chirping sound is why most assume the option chosen will be more deficits and QE / YCC until the pain from that (inflation) becomes politically unbearable. Except. The nuclear option is the Fed defying the next POTUS and Congress into painful austerity by refusing to do “sufficient” QE. If we get Trump and GOP Congress, does that change the odds of a suddenly independent Fed’s nuclear option? Watch the election results for a potential Orange Scapegoat Reset sometime in the next four years.
I’d like to hear more about HOW government spending creates distortions, bubbles, and malinvestment. That has never been exactly clear to me although I’ve known intuitively for years that you are correct for saying that.
Government spending doesn’t produce as much as they spend, because it is not their own money, and they don’t spend it wisely. It is far better to have a smaller government, and let the people choose how to spend the money on thing that improves the standard of living, and pushes the producers to innovate and produce good products.
The editor has a lot of nuance with his work, Bravo. Really great work!
Reagan called it *_”trickle down economics,”_* except I think it was the *_prosperity_* that was supposed to “trickle down,” nobody said anything about the *_DEBT_* trickling down 🙂 – we never did see the *_”prosperity”_* in any way. I bet *_somebody did._*
“Trickle Down”?!?! The old folks used to say, “Don’t piss down my back and tell me it’s raining”.
I’m pretty young and just started my portfolio with around $80K. Dividends drew me in right away! Slowly trying to create significant passive income and manage my Stock Portfolio. how do I invest to deal with markets ups & downs.
It’s wise to seek expert assistance when beginning your financial portfolio. market is volatile, so professional guidance is so important.
Having an investment advisor is the best approach to the stock market right now. I was going solo without much success until my wife introduced me to an advisor.
Hey friend, How can I work with your Fiduciary?
Caroline Suzan Olson is the licensed CFP I use, and I’m just putting this out here because you asked. You can just search the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
*Making money is an action. Keeping money is a behavior, but “Growing money is wisdom” I just saw this quote🔥*
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn’t working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
Joseph demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I’m surprised that you just mentioned and recommend Mr Joseph Lubin. I met him at a conference in 2018 and we have been working together ever since.
Sounds interesting. I was planning to invest some few £ in some coins, stack them up and leave them for a few years, but seeing this changed my mindset. Thank you very much
Absolutely great vision! It resonates so much with what I feel about this ongoing situation!