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It will play out by the Fed monetising the debt with inflation staying elevated indefinitely.
Imagine 50,60,70 years ago. People probably said no way are they going to inflate the debt away (existing at that time). What did they do?
Same game, different day.
@nodaklojack What few people seem to understand is that it’s not the debt that’s damaging to the economy provided the Fed buys up that debt (hence no servicing costs). It’s the public sector crowding out the private sector with the expenditures/money printing, that is doing the damage in real time. Hence why GDP has been so lethargic for so long.
Refer to dollar milkshake theory. I see your point, but in the long run I see the dollar value actually going up. If we print, other countries copy. If we tighten, other countries try to copy and crumble
@Dressy7 I’m familiar with how it works but that has nothing to do with what I wrote.
That will tank the market and potentially destroy it for good.
Inflation is the only way.
Wrong. “There is nothing to prevent the Federal Government from creating as much money as it wants and giving it to someone, the problem is are the Goods and Services available which those funds would be used to purchase. The Cash is there which is nice, but it has to be in balance with the resources to purchase.” ~Alan Greenspan Under Oath refuting Paul Ryan’s attempts to Justify privatizing Social Security.
Wrong , the Bank of International settlement in Basel Switzerland says there is about 80 trillion dollars of hidden US debt tied up in the derivatives market, in addition to the 34 trillion George mentioned.
Is basel iii ever going to pump precious metals as “tier one assets “? Haven heard Anythinv in long time
They kinda told us what the end game is, they need 100$Trillion. The question is how much have they actually stolen compared to what they are claiming based on the debt clock. Considering how hard they are pounding the war drums, we should assume they are getting close.
And then they’ll need 200T …and then 400…it won’t stop until the bank runs…
It lasts until the people lose faith in the thin air called fiat
They are going to mint trillion dollar platinum coin for cbdc.
My three favorite channels: George Gammon, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
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George, I’m old enough to remember someone (a Senator as I recall, though not his name) saying “A $Billion here, a $Billion there . . . pretty soon you are talking about REAL money!”
Now those are rounding errors.
Keynes was not actually even an economist. He was a gadfly who somehow became influential, while having no basic understanding of actual economies. As a fellow trained circa 1980 in a degree in Economics, and being “indoctrinated” into Keynesian models, even as an undergrad I understood that it was bullshit. I’ve been largely of the Austrian School since that time (with a few nuances that one gains as one gets older.)
We live in stupid economic times, and literally I believe that the folks in “control” are trying to grift every last cent out of the system before it collapses.
one trillion here, one trillion there… and soon well talk real money
Senator Everett Dirkson from Illinois@@cosmaracorosu
one quadrillion here, one quadrillion there… and soon we’ll be talking real money
Totally agree with u on that statement
Those in charge know what they are doing…. and the cost it will have to the people they “serve” they want to milk it dry and then try to escape behind walls and borders from the wrath of their victims
Many things can go wrong with a debt crisis. When the wealth affects turns up people could go crazy. The whole thing could get ugly real fast.
Wrong. The U.S. government creates its own Currency and can never run out. There is no such thing as a “National Debt” in a Sovereign Currency Government with an attendant $25 Trillion Econony which is very diversified. The important thing here is that the Federal Reserve does not dip its hand into a pot of “tax dollars” to pay military contractors, nor is it required to check some mythical account where tax dollars live before it wires the money. In fact, that account doesn’t exist. As former Federal Reserve Chairman Ben Bernanke once noted, when the government pays for things, it is “not taxpayer money. We simply use the computer to mark up the size of the account.” Alan Greenspan, Bernanke’s libertarian predecessor at the Fed further clarified, “There’s nothing to prevent the federal government from creating as much money as it wants and paying it to someone.” The implication is that if Congress can pass a bill that requires some form of spending, the Federal Reserve can and will spend that money without limit, as is the case with the military. This directly contradicts ideas about government money espoused by leading politicians.
… yes!!! Especially among the middle class members…
As a financially responsible drunken sailor, I cannot express how tiresome the comparison to government spending has become.
Nailed it
Sorry. I’ll refrain from that comparison. But can’t promise the same for Army payday millionaires
Eagle flies lower every month
I feel your pain sailor. And I don’t even drink nor sail. Both activities that now require a lot of disposable fund…
Unlike the government, as a drunken sailor, I always paid my bar tab.
Error we did not surplus in the 90’s
1) we had lowering of cost of serving the debt, Ie lower interest rates by trading T Bills to shorter terms
45 yrs is 1979 bud
That why babies cry when there born 😅as soon as they realize they were born in America owing 100k 😂
Reminds me of that famous Ben Bernanke paper – ‘Deflation – Making Sure It Doesn’t Happen Here’
Nice, I’m going to read that now.
The Government spending is a huge problem 😮
The US dollar has reached the end of its life cycle just as every other fiat currency in history. Gold and silver are the best store of value – don’t buy it to get rich buy it to preserve your wealth. I love Greg he tells it like it is.
It’ s just starting. We still have 100 years before tributary states run out and we can’t pump immigration anymore.
Love your work George!!
I think Mr. Ray Dalio nailed it. It’s “Lifecycle Of Empire”! Thanks Ray.
While video could have summed it up in these words.
Thank you for doing your videos!
Thanks George and rebel crew
On-point analysis as ever, George. Thank you.
Which investments, with a $89K portfolio, are the best to make in order to increase overall portfolio performance in the new year, given the lessening signs of inflation and the Federal Reserve’s decision to halt rate hikes?
Look for stocks that have increased their dividends steadily over an extended period of time, particularly during recessions, and have not lowered their payouts. Alternatively, you can get advice on which stocks to purchase by speaking with a licensed market strategist.
It’s true that some investors employ hedging techniques or devote a portion of their portfolio to defensive stocks that perform well in down markets. These kinds of ideas can come from collaborating with market experts, as I did in 2019 during the rona outbreak. My financial advisor has recommended assets that allow me to increase my multi-million dollar portfolio by 45 percent.
how can one get more info about your adviser, I’d be the judge myself
I’m being guided by Aileen Gertrude Tippy who is widely recognized for her competence and expertise in the financial market. She has a thorough understanding of portfolio diversification and is regarded as an authority in this field.
Thank you for this tip. It was easy to find on web your coach Aileen Gertrude Tippy, Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
The Us Government really needs to start making better decisions for the sake of it’s citizens, cos’ they’ve really made life more difficult for its residents. This hyperinflation has left the less haves bearing the brunt of the burden. I’m concerned that this may ruin my entire $920k retirement portfolio. Where else can we invest our money?
The government has let us down; just buy gold.
This is why I work with an investment advlsor. I currently have $590k in a well-diversified portfollo that has experienced exponential growth and is well-matched for every season of the market. We are now working on a more figures ballpark goal this year.
@georgeh Please how can I participate in this? In dire need as it stands
She’s known as ‘Heather Lee Larioni’. One of the finest portfolio managers in the field. She’s widely recognized; you should take a look at her work.
Just reached out to her since I need all the assistance I can get. I just scheduled a caII. Thanks a lot