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How to help Scamala win the election, 1. Cut by 50bp 2. Put an earpiece in during debate 3. Give her a fake number jobs report 4. Push stocks to record highs
This global recession/collapse might end up being a part of us for a very long time. With inflation currently at about 3%, my primary concern is how to maximize my savings/retirement fund of about $680k which has been sitting duck since forever with zero to no gains.
I'd advice you read up some good books on finances and investing, or just you get yourself a financiaI-advsor that can provide you with entry and exit points on the shares/ETF you focus on.
@@purplebliss6875 A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but i'm financially secure.
@@Bobhenry-c7z Her name is. Sharon Crump Cline. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Danielle Dimartina Booth says the same thing. Private sector jobs actually declined. Only reason for the quoted numbers being so positive was due to government jobs.
Your markets and US markets are run by Cartels. In Japan by Keiretsu. It a game of giants. It is a scheme you can decide to take part in or get smashed like a bug.
We have the same bullshit about grocery supermarkets in Australia, their profit margins are low, they aren't price gouging, they have to pay more for the stuff that they buy.
It's a way for the party responsible to deny responsibility and they get away with it because people are so dumb and delusional that they just eat it up.
"Restaurants and bars led job creation for the month, with the hospitality industry adding 69,000 positions in September after averaging just 14,000 over the previous 12 months. Health care, a consistent leader in job growth, contributed 45,000, while government grew by 31,000. Other gainers included social assistance (27,000) and construction (25,000)."
@@billscott6819 You forgot to mention it will all get revised lower AFTER the election. "As the recent near-record downward revision in employment demonstrated, when some 818K jobs were magically eliminated, economic reports from the Biden admin has become unreliable to the point where even Fed chair Powell was questioning the credibility of BLS data..." - ZeroHedge
Because its bullshit, tariffs are a tax on the consumer, the explanation Trump gives is just a stunt, goes for Biden too he never repelled any of the tariffs
David, I wish you and your guests would discuss electricity costs. Electric cost is not a component of the CPI, along with home insurance and property taxes. The price of electricity has increased approximately 50% over the last 3 years. Property insurance is up 100%. I know in Texas, our electricity cost used to be based on natural gas prices, but now that wind and solar make up a much larger percent of the electric grid output, costs have increased dramatically. Transmission delivery is also up, approx 40% over the last 3 years. I had a 3 year lock on my electric bill, at $.089/kilowatt hour. The best rate I could renewing was $.139/kilowatt hour. My electric bill is twice my gasoline bill per month. Ditto for water and trash pickup.
Adrian fails to realize that tariffs do increase domestic production. When Trump slapped tariffs on Chinese and Korean washers and dryers, production of washers and dryers increased in the US and costs went down. Korean companies like LG even built factories in the US.
Most of these jobs are part-time jobs that went to people who need second and third jobs, the number of people holding down multiple jobs hit a new all time record high in September.
Everyone I know with at least a masters degree and 10+ years of experience in a business / tech field is getting hosed on pay increases, bonus and / or can't find a job that pays more. But sure, things are great.
He tried but still underestimated how well gold preformed in light of the fake employment numbers…both the 10yr and the dollar went parabolic which is typically kryptonite for gold. It held up extremely well!!
How many jobs went to foreign born and how many to U.S. born. You will be shocked. This country is in a depression and it's being covered up. In the last 3 and a half years the dollar has lost 25% of its purchasing power. Which means inflation is double digit. There has been a 800,000 downward revision already.
Hi David - I thought enjoy your guest interviews and the way you frame your questions- the questions - answers are simply put easy to understand - and I can determine actions to take if necessary as for future and current investments - thank you very much.
The fact is nothing about the basic paradigm of the US economy will change no matter who is elected. The nation will continue to chug along with occasional burps and advances as long as it spend $1 - 2 Trillion more than it collects in revenue and successfully borrow the money. There is ZERO indication people are unwilling to lend to the country. NEITHER candidate intends to change that paradigm. All their positions on every other topic are largely irrelevant, and they know it. And so the winners and losers in the financial world will continue to be the same groups as before - if you own assets you will keep pace or do better than the dollar devaluation effect and if you are too poor to own assets you will lose no matter who wins.
@@patrickpontee7985 I guess if you consider the fact that conservative and liberal economists project Trump to add $1-3 trillion dollars more to the deficit than Harris and thus push the middle and lower classes even further away from the wealthy asset owners then there is a difference.
@patrickpontee7985 not to the financial world. Wall Street won't wait until it gets an administration it wants, it's going to do what it's going to regardless.
Hahahaha Drill Yourself into bankruptcy. Oil prices are already in the low $70s drilling more oil will only increase supply and lower prices to the $60s and the oil companies then filing for bankruptcy.
@@RickyPretzsch-j4e The market will prevail just like before the Democrats imposed restrictions to pretend to save the world from so called climate change.
i can feel it in the air tonight!!!!!!!!!!!!!!!!!!!! ive been waiting for this moment, for ALLLLLLLL MYYY LIIIIFFEEE, OH LORD.- Phil collins in the air tonight
There is a company in Wyoming that is in the middle of building and staffing a rare earth processing facility right now. I think this project has significant legs as Wyoming is very pro mining. REEMF has been severely discounted but its time may be now.
I never pay attention to the jobs report. As long as the economy is reasonably healthy there's going to be job creation (and losses) . It's never a referendum of how whomever is in the WH is doing unless this weren't a free economy. A free economy works no matter who's in the WH... regulation can be sometimes better for consumers and sometimes worse because of increased cost..I mean there's a lot of ground we could cover on this topic but this isn't an index that's telling of politicians in this country in the way people think. There's other indexes we'd look at overall to decide how good of a job someone is doing politically.
Why consider more than what it deserves based on the skewed data? I would discard it. There is always out-of-line data intermittently. Unless it forms a pattern, I wouldn't give it too much weight.
Kamala's lack of a real plan stinks, but Trump's nonsense rhetoric and non-stop lies also stink. He just spouts off about anything he thinks his little mob wants to hear. We're stuck with this for the foreseeable future.
The jobs repoert will be corrected down again by a few 100,000 when the time is right. They play with the numbers as it fits them. Professionals should know better than that. I guess it right that a totally ridiculious number will be published which has nothing to do with reality.
A lot of the hiring is in government jobs. So the numbers are misleading. Much like the S&P stock index. If you take out the biggest 7 tech stocks you'll see a different picture. It's all smoke and mirrors like the government CPI numbers. We still have 9-12% inflation depending where you live. Just look at rent increases, but worse yet car insurance and health insurance rates this year.
Look at the chart of unemployment the trend is up this report just put the chart back in alignment with the trend. This was done for obvious reasons and I think someone should go to jail.
he claims inflation due to chips act money which is yet to be shelled out mostly. But Trumps 2T$ stimulus taxcuts created the core inflation we see today. These biased opinionators miss that
62% revision for July is almost a standard deviation. Bet you the Z score is ass. They just type in what they need to manipulate the markets. I watch Price action. Price go up we good. Price go down we screwed.
In order to avoid recession us job market needs to make around 1.5 M jobs in the next three months. In 2000 before the crisis the exact same number came up in 2008-11 couple months before the recession again it was aroundequal to 300K so to sum up this job report is not enough to avoid recession.
Honestly, now dig deep if you have to, do you think that these job numbers truly represent the current unemployment levels? Did you know that a part time job counts the same as a full time position. 10 hours a week at the local Dollar General counts the same as a Fortune 500 Executive position? Think of the people working a second job. That counts as if it was another person having a job. Well it's not, and it shouldn't count in unemployment statistics. You are being lied to your face. Oh, It will come out, as truth always does, but way too late to do anything good...Stop believing their incideous lies. Call them out when they do it...
Remove your personal information from the web at joindeleteme.com/DAVIDLIN , use code DAVIDLIN for 20% off
Will the Fed pause rate cuts at the next meeting?
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Job revision date is right after presidential election, LMAO.
Makes things look a little staged? 🤔
👍 agreed
💯🎯
A little......@@jeremymarkle7459
The dock worker strike resumes 5days before the new Pres. is sworn in, nicely timed gift for who ever wins...
Cooking the books again! Wake up people!
you mean somebody is lying? Hmm, who is the BIGGEST liar?
Wake me when you find a truthful politician. Yawn..... never mind.
@@michaelmarshall5438 Where is your liar tolerance level? That is the question.
prepare for revisions downward
👍
If the jobs report was poor, I'm sure you wouldn't have questioned it. Republicans have a narrative no matter what the report shows
Absolutely. More lies.
You mean the economy is doing well as long as they keep printing money we can’t pay back. That sounds like a good economy to me.
How to help Scamala win the election,
1. Cut by 50bp
2. Put an earpiece in during debate
3. Give her a fake number jobs report
4. Push stocks to record highs
It makes you wonder how many of those monthly jobs reports are fake.🤣🤣
Kamala created 600 million jobs!
They are at record highs already
Must be your first election year. A few more and you'll realize this is SOP.
@@timothylee2772All of them. 😊
Fake reports
Revised downward just after election day.
Lena Petrova reported that along with these numbers over 615,000 layoffs occurred simultaneously.
Is this Vladimir Putin??? Lena Petrova Give Me A Break You Must Be A Russian Troll.
They won't mention that
I wouldn't kick her out of bed for eating toast.
I am glad someone mentioned Lena. Her reporting I think is factual, true and honest.
This global recession/collapse might end up being a part of us for a very long time. With inflation currently at about 3%, my primary concern is how to maximize my savings/retirement fund of about $680k which has been sitting duck since forever with zero to no gains.
I'd advice you read up some good books on finances and investing, or just you get yourself a financiaI-advsor that can provide you with entry and exit points on the shares/ETF you focus on.
@@purplebliss6875 A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but i'm financially secure.
@@DeannaPeters-lz8we
How can I reach this adviser of yours?
@@Bobhenry-c7z Her name is. Sharon Crump Cline. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@@DeannaPeters-lz8we I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
Explosion of Govt jobs is what I am reading. 745k seasonally adjusted gain in govt workers for September. Ridiculous if true.
Trump can furlough Congress & Senate for 4 years til things get turned around.
Danielle Dimartina Booth says the same thing. Private sector jobs actually declined. Only reason for the quoted numbers being so positive was due to government jobs.
Your markets and US markets are run by Cartels. In Japan by Keiretsu. It a game of giants. It is a scheme you can decide to take part in or get smashed like a bug.
There is no recovery! This is frankly ridiculous at this point!
The 90%'s wealth has indeed been recovered.... by the top 1%.
Noticed he was laughing when David was introducing kamala s lack of a plan.😂
The longer they delay cutting rates, the worse the Canadian economy gets. Gonna be a very hard winter in Canada.
We have the same bullshit about grocery supermarkets in Australia, their profit margins are low, they aren't price gouging, they have to pay more for the stuff that they buy.
It's a way for the party responsible to deny responsibility and they get away with it because people are so dumb and delusional that they just eat it up.
@@AkaRyrye83 Exactly, it's called shooting the messenger. The supermarkets are the messengers of high inflation.
Adrian's one of my favorite guests 🙌🏾
Don't believe the jobs numbers. Wait for the revisions like last month
Are you going to act like they didn’t just revise the jobs numbers downward 818k just a few weeks ago? Come on man…..
I also wonder how many of those jobs are gov't jobs and not real jobs.
"Restaurants and bars led job creation for the month, with the hospitality industry adding 69,000 positions in September after averaging just 14,000 over the previous 12 months.
Health care, a consistent leader in job growth, contributed 45,000, while government grew by 31,000. Other gainers included social assistance (27,000) and construction (25,000)."
@@billscott6819 You forgot to mention it will all get revised lower AFTER the election. "As the recent near-record downward revision in employment demonstrated, when some 818K jobs were magically eliminated, economic reports from the Biden admin has become unreliable to the point where even Fed chair Powell was questioning the credibility of BLS data..." - ZeroHedge
40%
Long bonds were DOWN, yields were UP!
They will revise it down 150k lower as always at midnight on a Saturday
And media will barely cover it. Suddenly we'll be on the verge of ww3 for a few days.
It's never upwards...
A vote for Kamala is a vote for the WEF agenda.
Tariffs are a negotiation tool, not a policy. That's how Trump uses them. Why do people keep failing to recognize this?
Because its bullshit, tariffs are a tax on the consumer, the explanation Trump gives is just a stunt, goes for Biden too he never repelled any of the tariffs
"Migrants" are driving Ubers. Wow. "pEoPle ArE HirINg!"
David, I wish you and your guests would discuss electricity costs. Electric cost is not a component of the CPI, along with home insurance and property taxes. The price of electricity has increased approximately 50% over the last 3 years. Property insurance is up 100%. I know in Texas, our electricity cost used to be based on natural gas prices, but now that wind and solar make up a much larger percent of the electric grid output, costs have increased dramatically. Transmission delivery is also up, approx 40% over the last 3 years. I had a 3 year lock on my electric bill, at $.089/kilowatt hour. The best rate I could renewing was $.139/kilowatt hour. My electric bill is twice my gasoline bill per month. Ditto for water and trash pickup.
Does he still claim that $28 GOLD is cheap, & oil & uranium are never worth buying?
Lies
Adrian is hilarious. I love how mad he got at Skamala’s plan 😂
ah, Peter Schiff's general
first time I get to hear his views. I think I know exactly what to expect from the video haha
Finally some common sense applied to proposed economic policies.
Just remember unemployment is a false data
If you out of work 5 months 3 weeks your unemployed
If 6 months out of work your not unemployed
Adrian fails to realize that tariffs do increase domestic production. When Trump slapped tariffs on Chinese and Korean washers and dryers, production of washers and dryers increased in the US and costs went down. Korean companies like LG even built factories in the US.
Yea I don’t believe any of it.
"Allegedly" added 254K jobs...
Buffett bought GOLD b/c the yields were near-zero, David!
Most of these jobs are part-time jobs that went to people who need second and third jobs, the number of people holding down multiple jobs hit a new all time record high in September.
Everyone I know with at least a masters degree and 10+ years of experience in a business / tech field is getting hosed on pay increases, bonus and / or can't find a job that pays more. But sure, things are great.
He tried but still underestimated how well gold preformed in light of the fake employment numbers…both the 10yr and the dollar went parabolic which is typically kryptonite for gold. It held up extremely well!!
Adrian one day or another gold will go up (above its inflation adjusted ATH)
How many jobs went to foreign born and how many to U.S. born. You will be shocked. This country is in a depression and it's being covered up. In the last 3 and a half years the dollar has lost 25% of its purchasing power. Which means inflation is double digit. There has been a 800,000 downward revision already.
Hi David - I thought enjoy your guest interviews and the way you frame your questions- the questions - answers are simply put easy to understand - and I can determine actions to take if necessary as for future and current
investments - thank you very much.
I wonder when the numbers in that report are going to get revised down... again.
In about 6 months. When no one cares.
Day after the election.
Recovery? Am I missing any indicator other than that jobs report that shows anything like a recovery is on the horizon?
Australia has rare earths.
Thanks!
the recent job report will have a revision and show they lied again by ~100k jobs.
Anyone remember Janet Yellen three years ago saying inflation is transitory?How much
TRUST, confidence can we
have on their numbers.😅
It was all government jobs and will be revised down anyway
They hire government workers to double check the jobs numbers and revise them down, months later.
The production of earth minerals is rare, not the minerals 😂 oh how true
13:00 ok now I like this guy
The fact is nothing about the basic paradigm of the US economy will change no matter who is elected. The nation will continue to chug along with occasional burps and advances as long as it spend $1 - 2 Trillion more than it collects in revenue and successfully borrow the money. There is ZERO indication people are unwilling to lend to the country. NEITHER candidate intends to change that paradigm. All their positions on every other topic are largely irrelevant, and they know it. And so the winners and losers in the financial world will continue to be the same groups as before - if you own assets you will keep pace or do better than the dollar devaluation effect and if you are too poor to own assets you will lose no matter who wins.
Finally someone that gets it. The real wildcard is ai/robotics of wich robot production will grow at orders of magnitude every year.
Absolutely wrong!, there is tremendous difference!
@@patrickpontee7985 I guess if you consider the fact that conservative and liberal economists project Trump to add $1-3 trillion dollars more to the deficit than Harris and thus push the middle and lower classes even further away from the wealthy asset owners then there is a difference.
@patrickpontee7985 not to the financial world. Wall Street won't wait until it gets an administration it wants, it's going to do what it's going to regardless.
JP is staring at the balloon becoming paper thin and he’s sweating bullets.
In every video, view from David's office is dark gloomy rainy and depressing. I thing David lives in Batman's Gotham city.
I am Batman
Very good interview!
Drill baby drill.
Hahahaha Drill Yourself into bankruptcy. Oil prices are already in the low $70s drilling more oil will only increase supply and lower prices to the $60s and the oil companies then filing for bankruptcy.
@@RickyPretzsch-j4e The market will prevail just like before the Democrats imposed restrictions to pretend to save the world from so called climate change.
I like listening to this intelligent man.
step up your questions Lin!
I like Adrian because he is to then point and honest.
The correction next month when the hurricane is included should be significant
They are cooking the books. This is political.
i can feel it in the air tonight!!!!!!!!!!!!!!!!!!!! ive been waiting for this moment, for ALLLLLLLL MYYY LIIIIFFEEE, OH LORD.- Phil collins in the air tonight
Brilliant guest 😂
The US Department of Labor is as reliable as the Chinese Bureau od Statistics.🤣
The rich get richer because they have investments, the poor the opposite.
Thank you for reporting what Trump says and not on what biased second hand sources say. ( Quality and true journalism ) !
I keep hearing about they're cooking the books. Is this everyone's first election year?
This guy knows. 👏
There is a company in Wyoming that is in the middle of building and staffing a rare earth processing facility right now. I think this project has significant legs as Wyoming is very pro mining. REEMF has been severely discounted but its time may be now.
"These things go up and down." Gee, what an insight that ignores the data.
I never pay attention to the jobs report. As long as the economy is reasonably healthy there's going to be job creation (and losses) . It's never a referendum of how whomever is in the WH is doing unless this weren't a free economy. A free economy works no matter who's in the WH... regulation can be sometimes better for consumers and sometimes worse because of increased cost..I mean there's a lot of ground we could cover on this topic but this isn't an index that's telling of politicians in this country in the way people think. There's other indexes we'd look at overall to decide how good of a job someone is doing politically.
solid, as usual
Why consider more than what it deserves based on the skewed data? I would discard it. There is always out-of-line data intermittently. Unless it forms a pattern, I wouldn't give it too much weight.
EKTA/USDT don’t miss it, cheers!
Well is China pushing on a string while whales are dumping. Can't deny demand deflaction. Something deems fishy to me here in bizzaro land...
Kamala's lack of a real plan stinks, but Trump's nonsense rhetoric and non-stop lies also stink. He just spouts off about anything he thinks his little mob wants to hear. We're stuck with this for the foreseeable future.
Channels like this are doing a disservice to the public when they don't highlight the absolute manipulation of the market heading into the election.
great video
Adrian is too kind calling the Harris economic proposals ‘udder nonsense’!!! 😂
When will PBC start buying XAU again?
Given the US deficit, how sound is the strong jobs market and to what extent is it doped up in a hazardous way?
Ya right until the jobs report is revised
The jobs repoert will be corrected down again by a few 100,000 when the time is right. They play with the numbers as it fits them.
Professionals should know better than that. I guess it right that a totally ridiculious number will be published which has nothing to do with reality.
Seasonal hiring
A lot of the hiring is in government jobs. So the numbers are misleading. Much like the S&P stock index. If you take out the biggest 7 tech stocks you'll see a different picture. It's all smoke and mirrors like the government CPI numbers. We still have 9-12% inflation depending where you live. Just look at rent increases, but worse yet car insurance and health insurance rates this year.
How would oil prices affect miners?
If fuel costs go down then I dig
Mining is incredibly reliant on oil (diesel/fuel).
They are just quitting jobs & going to another job.
Should the miners catch a bid w/ the upcoming earnings season?
Hurricanes "create" a lot of "jobs"
Nobody is looking at productivity, which is the actual problem.
When you mine copper you have a lot of silver trailngs
Look at the chart of unemployment the trend is up this report just put the chart back in alignment with the trend. This was done for obvious reasons and I think someone should go to jail.
exactly. these reports are all lies and the jobs data is propaganda. not to mention the real jobs on there are all worthless govt jobs anyway
First presidential election cycle?
@@michaelmarshall5438 this level of propaganda is unprecedented. they never manipulated numbers like this before Trump
he claims inflation due to chips act money which is yet to be shelled out mostly. But Trumps 2T$ stimulus taxcuts created the core inflation we see today. These biased opinionators miss that
62% revision for July is almost a standard deviation. Bet you the Z score is ass. They just type in what they need to manipulate the markets. I watch Price action. Price go up we good. Price go down we screwed.
In order to avoid recession us job market needs to make around 1.5 M jobs in the next three months. In 2000 before the crisis the exact same number came up in 2008-11 couple months before the recession again it was aroundequal to 300K so to sum up this job report is not enough to avoid recession.
David, David, David. Wait for the revisions. We have 12 months of data revised downward after the fact.
Part-time jobs. Loss of full-time jobs. Mostly government jobs and low paying service jobs.
Only way these numbers make sense is if they projected dock workers quitting and be hired on new temporary contract either way these are funny numbers
The real value of gold is what you can make from it, but people aren't interested in that idea.
You are wrong. Most gold is not owned for industrial use/utility.
The only gold stock in S&P is NEM, right? Why does he say “gold stockS”, then?
Why doesn't he feel the ability to speak more freely about Kamala? He needs to grow a pair.
Honestly, now dig deep if you have to, do you think that these job numbers truly represent the current unemployment levels? Did you know that a part time job counts the same as a full time position. 10 hours a week at the local Dollar General counts the same as a Fortune 500 Executive position? Think of the people working a second job. That counts as if it was another person having a job. Well it's not, and it shouldn't count in unemployment statistics. You are being lied to your face. Oh, It will come out, as truth always does, but way too late to do anything good...Stop believing their incideous lies. Call them out when they do it...
Wake me when we're not being lied to. Yawn .....never mind.