"What's Coming Is WORSE Than A Recession" - Jim Rickards' Last WARNING
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- Опубліковано 22 тра 2024
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Chapters:
00:00 - Very Dangerous Environment
02:04 - Inflation Backstory
08:23 - The Pivot & Stagflation
10:13 - Long-term Depression
13:10 - How Quantitative Easing Works
15:20 - National Debt Disaster
19:37 - How It Ends
24:10 - Ways To Prepare
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► Special thanks to:
Jim Rickards
/ @jamesrickardsproject
Paradigm Press
/ @paradigmpress
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A recession is currently the "most likely consequence for the economy," and I cannot fathom becoming a victim of circumstances, with inflation at a four-decade high. In two years, I plan to retire, and my target retirement fund is $967,000. How can I assure this? What steps can I take?
In 2008, my money was all but destroyed. I removed my money and used my wife's wealth manager to make investments. Over the years, I haven't been able to match her earnings, but I still make more. Hehe
This is great. I started investing with a wealth manager in 2020, too. I hated myself for a long time because I didn't know I could do that. Funny how I have quit my day job, because my profits cover for every living expense.
This caught my interest. I worry that I have a couple more months before retirement, and I want to switch to using a financial advisor, but I don’t really know how to find one.
I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Monica Shawn Marti " I've worked with her for 9 years and highly recommend her. Check if she meets your criteria.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
Regular people know that prices for food, cars, gas, insurance, rent and homes are out of control.
Sooimln
Exactly
It's been crazy, how everyday items have gone up in price.
Everybody is in on the steal, even the house flippers.
@@craftymulligarinteresting you mention this because RE investors and developers are out of control yet we want one a family of RE grifters in charge instead? I can’t see any of these people we elect being able to stop the grift especially during collapse. It’s as if they create these collapse events on purpose to grift some more.
Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.
Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k I want to transfer into an s&p but its hard to bite the bullet and do it.
You need a Financial Advisor my good friend, so you don't get ripped off in the market. They provide personalized advice to individuals based on their risk appetite, placing them among the best of the best. There are bad ones, but some with good track records can be very good.
I know I've wanted to start investing for a few months, but just haven't had the courage to start because the market has been down for most of this year. Please how can I reckon with such skills and what are his services like?
Kathleen Cheryl Constantz is the certified fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for this Pointer. It was easy to find Kathleen Cheryl Constantz on the web. She seems very proficient and well-read. I booked a call session with her. `
I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.
Numerous opportunities exist to achieve substantial profits at present, but executing high-volume and nearly flawless trades requires the expertise of real-time professionals with an ISDA Agreement. This agreement allows investors to participate in sophisticated trades, exclusive to seasoned individuals, and unavailable to amateurs. Attempting to be a high-stakes trader without an ISDA is akin to trying to win the Indy 500 riding a llama.
I'm sure the idea of an invstment-Adviser might sound controversial to a few, but a new study by Motley-fool found out that demand for Financial-Advisers sky-rocketed by over 42% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've accrued north of 580k within 16-months from an initially stagnant Portf0lio worth 85k.
Can you recommend a Professional experts, I am in need of one.
Actually its a Lady. Yes my go to person is a 'Michele Katherine Singh'. So easy and compassionate Lady. You should take a look at her work.
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.
Rickards says it like no other. My husband's portfolio for the past 30 years has always been self managed and I own 3 shares of Berkshire Hathaway Class A stock (BRK:A) which I bought in at about $17,000 during the mid 90s, I’m currently liquidating some of these positions to incoporate new Gen. Stocks, but am I better off re-investing into Gold as it seems stocks are a little too unstable right now.
Invest in real estate, ETfs and high-yield savings account.
Just buy Gold and protect your assets, the stock market is a rollercoaster.
The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit...
...if he's not too savvy with the current trends, buy and hold on strong companies with good earnings, or consult with advisrs on etfs and actively-managed funds. I am up by 918 percent in 2yrs under supervision.
we fired ours 30yrs ago. now I am beginning to see the benefits, how do I get one? Considering your point I won’t want to get into a bubble. Can you recommend any?
Our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
How can i get started when it comes to investing and passive income?
My CFA LInda Aretha Reeves a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.
is it really worth investing in stocks in 2024, I’ve been on the sidelines watching the market for awhile and it seems to be pretty stagnant to me not that it matters because I’m in it for the long run, but how can one generate actual profit in this current market?
It may be a good idea to speak with a financial advisor who can help you develop a portfolio based on your individual goals and risk tolerance.
Partnering with a financial advisor has transformed my approach to investing. Their expertise and personalized guidance have not only helped me navigate complex financial markets but also optimized my portfolio to achieve my long-term goals efficiently.
Your advisor seems competent. Could you share how I can reach out to them? I've recently sold some property and am interested in investing in stocks, and I'm seeking guidance.
Jennifer Leigh Hickman is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
Concerns about a potential recession and the Fed's talk of interest rate hikes have left me uneasy. I'm unsure about my $700K portfolio strategy, considering the uncertainty of a recession and the possibility that interest rates may not rise significantly
I completely understand your concerns. But In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.
I agree. This is why having the right plan is invaluable, my $210k portfolio is well-matched for every season of the market and recently hit 40% rise from early last year. I and my CFP are working on a more figures ballpark goal this 2024
that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
’vivian jean wilhelm’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Middle class got wiped out when we funded 2 illegal wars for over 2 decades with no end game, cut taxes for the ones that least needed it indefinitely and incentivized the outsourcing of as many jobs as possible. Just didn't know it yet.
If you’re referring to the Trump tax cuts, they were heavily weighted to the lower and middle classes and resulted in historic wage growth among groups who most needed it. Nothing chases our industry to foreign countries more than higher taxation and over-regulation. The problem that has yet to be properly addressed is government spending. That’s what’s fueling the inflation that’s killing our economy. I agree with your criticism of funding forever wars. Not since WWII have we seen success on the battle front. Korea, Viet Nam, Iraq, Afghanistan, Iraq again, and even the Cold War with Russia (in which I proudly served), have cost more in blood and treasure than any objective opinion can say have yielded long lasting benefits.
I agree, except the rate cut part. Any tax cut will benifit all classes. The Gov having this money is the worst case. Nothing significant will make it into the economy in our country compared to an individual.
@@kevinsears7382 I never made more than 70K a year in my working life. This benifits people that pull in 400k a year more than broke folk, and it ends in 2025 for people, but not corporations still setting up shop in China, India, Mexico, Germany and even Italy which is hilarious etc.
Nothing has hit the middle working class like the Biden years with the Obama years coming in second worst…
@@mattrohr1266 Yeah anyone arguing for ANY amount of money to be taken from the productive citizens and handed over to the scumbags in government cannot be taken seriously.
Klaus Schwab and the global politicians want to see us poor.....
"you'll own nothing and be happy "
Reenact the French revolution, and you'll be happy.
And eating bugs 😢
To control, manipulate, distract, use, and abuse us.
Not poor, dead and gone.
My biggest household expense is TAX, followed by INSURANCE. The phoney-baloney CPI indexes are a lesser part of the inflation picture. There is no force that can lower taxes since all governmental bodies are insatiable; and insurance costs are driven by greed and lack of oversight.
Huge corporations writing the legislation the GOP signs into law pay no tax so we are forced to subsidize them. USA is slave nation for corporations and wall street.
I now pay $500-$600 a month in property taxes. That comes down to around 10% of an average persons take home. Insane.
For business owners, liability insurance is through the roof. No one is considering that item when talking about service and product costs.
@@ambhatti1538 bankers and their enslavement insurance is literally the biggest cause for the nation collapsing. Total last ditch fleecing as capitalism collapses.
I know. Costo keeps raising auto insurance
My retirement plan is be the guy who knows how to grow food.
Amen my brother..FJB
Great plan. The landowners who grow food will be the new wealthy.
LOL. Good luck with that.
"The Federal Reserve System is not Federal; it has no reserves, and is not even a system at all. But rather an international criminal syndicate."- Eustace Mullins.
It is a Cartel.
Everything goes up eventully must come down. The moon distance 400000km away. Humans made it 800km up. Gravitation forces are very powerfull. Car Putin might cut the internet cable in ocean and that is going to be excuse for the end of fiat currency I think.
Yep paper pirates ☠.
100%. You may as well call it a criminal cabal. They forced the FED upon us in 1913 to create a debt based that they knew full well would fail at some point. And here we are on the brink of a precipice in 2024.
@@Misiracaltudamecekas-qw8xo Don't blame everything on Putin. He has no interest in cutting the internet cables just like he didn't destroy Nordstream. If anyone's going to cut the undersea cables it'll either be the US, by way of the CIA, or Israel or Britain. Fiat currency IS the end and right now the FED reserve note is worthless compared to the 1913 note. I would rather think that what you mean is that there will be some kind of false flag or crisis severe enough so that it will give them an excuse to bring in their CBDC. And at that point people will have become so desperate that they will willingly flock to the new CBDC and adopt it as a way to save themselves from their own shortsightedness and mistakes. But before that happens the government, with the help of the FED, will find a way to make all other digital currencies illegal. Especially bitcoin and will find a way to shut them all down. One ring to rule them all. The ring around your neck. One digital currency to rule and control us all. To plunge us all into servitude and slavery. To bring back the feudal system full force. Lords and serfs. No more private ownership. You'll rent or lease everything. The comprehensive rise of 15 minute cities. How long will people allow themselves to be held as prisoners? The Stockholm syndrome only goes so far. We still value freedom above all else and at some point there WILL be a revolution against our oppressors.
Coming out of facing alot, I knew two things about the stock market: It caused the Great Depression, and the fastest way to make a million on the markets was to start with two million. And then the Great Recession happened only a few years later. So yeah, I wish someone had better explained it to me earlier in life. Having a good entry and exit strategy will make you succeed in the stock market.
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
Exactly, most of the investors pays more attention to the profit aspect forgetting that the market involves ups and down. securing your financial position requires lots of patience and proper education on the market so as to know the right profitable stock to buy and invest in. I made over $260k in profits, from just the Q4 of 2021. Investing in the stock market is most profitable when you understand how the market actually works.
I really acknowledge your comment, i have been trading stocks for a while now but i have not been able to make much. how do you achieve this feat?
Kristin Amber Landis is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
Laila artine kassardjian' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Most people are retiring this year and has nothing to show for. But I assure you it's never late to get your financial life together again.. All thanks to Charlotte Grace Miller for I and my family
I'm new at this, please how can I reach her?
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
“Not buying anything for 18 months” is the worst advice before a global economic collapse. Everyone should be stockpiling food and researching prepping, self-sufficiency, survivalism & preparedness.
Absolutely 💯 %
Stock pile food water and pew pew pellets
I think it means ‘don’t buy unnecessary material things ‘, read between the lines .
No amount of prepping will save us from The Great Tribulation, spoken of in The Holy Bible! We need to believe in Jesus and get right with God
@@Blister1771they don’t have read between the lines they need to have some common sense and engage in some critical thinking.
Bingo!!!
I like Rickards, he's brutally honest about the Fed's incompetence.
Incompetence??? Or Intentional? So these people are supposed to be super smart, and yet, you accept a century of continuous incompetence, where the value of the dollar has been erased by 99% ???
Or is it deliberate incompetence
They've been doing this for decades. Is it really incompetence?
You went through a half hour to explain why people are struggling, and then told them to diversify in imvestments they already can't afford. That's the ultimate irony.
I graduated into stagflation. Memories. The wealth disparity is greater than the Great Depression.
We have been in a recesion since 21. Just because the powers that be change the definitions of words like what is a recession doesnt mean we are not suffering from one.
You have to hide the truth somehow.
2020
So an inflationary recession - explain that one to me? (And no, that is stagflation)
Gas went up almost 20% in a little over a month.
True $5.00 gallon Rrrrr
My rent doubled last year, 2200 now, food also doubled in price.
FL 😡
LOL- global oil prices.
Gas tends to rise in spring and fall due to the additives used to preserve the fuel’s temperature.
bidenflation
Something's definitely got to budge, house pricing way too high, rent prices are ridiculous, pay is terrible, stock prices are high, petrol prices, cost of living, things cant just keep going up like this.
But you need to look to the Pauls and Massies who actually profess to REDUCE spending which causes price inflation. Instead, fool voters look to Congress to DO something when they need to STOP doing what they do. I hope you're not similarly clueless.
How about NEGATIVE 20% inflation rate from cutting Congress's perverse spending of others' money?
Money printed is not money.. its currency.... money is gold!
"That's Gold, Jerry. Gold!"
Fiat currency and the petro dollar, will not be able to compete with asset backed currency. Other countries will refuse to accept fiat currency as payment.
When government is in deep shit.. they will grab your gold as well.. easiest asset to get hold of!
Gold & Silver
And silver and copper.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Claudia Jenkins.
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week...
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
You trade with Claudia Jenkins too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
The first time we had tried, we invested $1400 and after a week we received $5,230. That really helped us a lot to pay our bills.
"Janet Yellen, she's kind of an affirmative action dunce" gotta love Rickards! 😂
Yellen does what she's told to do.
Yellen was a dunce when she was the Fed Chairperson…
He was being too kind as far as I am concerned.
Yoda she is
😂😂
I have a bad feeling that the U.S. is about to revisit 1929. I also think that the only people who'll be able to coast through it will be billionaires.
And would that be because of the dimmo's? Of course it is!
Maybe we will. This time it will be different though. Lots of crazy people out there that don’t care about the country or it’s culture or have any morals and they will eat me, you, and the rich…
Honestly the entertainers and athletes are already the 'middle class' if you did the math. Anyone below 8 figures a year is mathematically the lesser group of people. Not saying I need that much at all but it just shows how greed has broken capitalism big time. It's disgusting the wealth that we praise!!! What's enough for you and your loved ones? Let's be generous and say 20 million. Jeff Bezos, Musk the beloved Taylor Swift and the elites have so many more times than to count it would take care of countries for centuries!!!!! I'm not saying people shouldn't do their part or that brilliant minds don't deserve a great life but that's a disgusting amount of wealth and we're all paying the price for it.
@@claykeough7898 Preach. But it will all balance eventually. The elites will get to enjoy that complete exclusivity for awhile. Until the lower classes realize how much they outnumber them and get fed up. This stuff is cyclical.
Millionairs will be ok too.
The problem we have is government officials changing the standards of how we measure our economy to keep the public in their favor. If the FED is getting incorrect data by these flawed standards, they cant possibly get it right. Standards should be set to prior standards of 1970, and made illegal to change this standard. This political changing of standards are what has brought the nation to this point and it never should have happened in the first place.
Exactly I don’t care what people say we are currently in a recession
What do you think of "the highest 12 month inflation rate was 9%" ?
BTW, Jim omitted insurance. That one has recently exceeded 40% for some of us.
Many of the problems facing the US can be attributed to the overwhelming influence of the big corporations and elites who care nothing about a fair society. Or the environment for that matter. Their overwhelming preoccupation is and always has been ever increasing profits.
We venerate pathological hoarding and then wonder why the rest of us starve
Unfettered capitalism just leads to corporate greed.
"Public corporations owe their primary allegiance to stockholders, not employees. Therefore, companies should seek to lower costs and maximize profits by moving operations wherever is cheapest."--Jack Welch (CEO of GE from 1981-2001). If you were a big corp in the 80's, these became words to live by. This is what is known as "saying the quite part out loud."
@@k_zildjian4460 And this is where it all started to fall apart. China exploited their sense of greed.
As warned by Adam Smith in the Wealth of Nations
It is time to cut CEO wages. Not raising the prices of products. CEO wages have been the demise of the country.
I agree, and I am all for capitalism. There should be a ratio of pay from the CEO to the person who makes the coffee, such that the more the top dog in a company gets, the more the coffee maker gets. the same type of ratio in every company, including the hot dog truck. That is what I propose instead of the government taxing them. Why should the government get what was made on the backs of the people in the company?
@agreetodisagree4751 Because in theory the Government is the people but that had been highjack. People believe it is Capitalism that made things happen when it was really the foundation of this Country and the people that made it work. Capitalism is there to take a cut. Capitalism didn't make it happen. They theorized over 100 years ago that pure Capitalism would fail. We are watching it happen. So would Socialism and So would Communism in pure form.
Corporations have. True dirge to the American way of independent. Mom and pops built this country one town at a time.
Bills keep getting higher every month and food too along with taxes of property
Live your life ,forget about insurances mortgages cars houses ,thats not really the game ,thats just a form of control over you . If you think your time on this earth is about money and possessions, then theyve got you , you come in with nothing you go out with nothing ,so just try to enjoy YOUR TIME while your here .
Been hearing about the collapse for 16 years. I don't believe it will be a collapse like 2008. Most likely it will be a silent recession where the top 12% will contnue to get wealthier while the bottom 88% become poorer through stagflation lasting into the next decade.
Jobs will pay less while lower paying jobs increase with less benefits. Pensions will continue to disappear while savings decreases.
The financial markets and housing will continue to go up.
Own assets such as real estate, land, equities, and cash while decreasing stupid spending.
The next 10 years will be tough for 88% of Americans.
I’m pretty sure you nailed it.
The way around that is unions. Look at the unions they are getting paid that's why companies hate them.
Thanks. It is my reluctant observation too.
I agree, except I think it will be higher than 88% and a lot worse than we even think
Sadly most of the youth didn’t have the luxury of being born before this horrendous economy
Many of us cannot afford even a starter home to live in on 2 jobs or a career salary.
The only folks I know that have moved out in their 20s have very wealthy family members that help by paying for their cars and houses
EVERYTHING is going up: gas, food, rent, utilities, car insurance, taxes. I am a middle class retiree on a fixed income and don’t know how long I can survive with this inflationary economy.
Well buckle up, because stooges continue to vote Democrat. Asking the people who create the problem to fix it. And watching them supposedly "doing" so by spending MORE of your money.
Rotsa ruck. Seniors apparently approve of price inflation based on all those Blue votes.
Please, no mind numbing music.
No food for 18 months is gonna put a big hurt on me.
Bet you still have tp from 2020... Lol.
TP !? You had tp? I ran a garden hose through the window 😅
😂 He's meaning housing and vehicles. I think food is ok. Just dont be putting it on credit cards. Get rid of debts it's going to get worse 😢
@@actionA06oh my😮
@@actionA06beday
I have a very exact budget in our household, in the last 4 years that budget has had to be adjusted by almost 30%.
No equations, no fluff, just paying for the same goods and living the same life costs me 30% more and this is with changing buying habits as well, so that is even lower than actual “reality”
Same here. I have to work two overtime shift (thankfully I can) just to make the 30% more to live how I lived 3 years ago. Taxes and insurance are the most expensive things I pay for. Soon I’ll have to do 4 extra shifts a month
I feel you bro. I have NO IDEA how people are surviving right now.
American inflation will never give up until the FED stops printing money from thin air. Ukraine and Israel are good examples. High interest rates will never tackle inflation if money printing do not stop.
My friend is shoe repair services. People are suffering. Mostly, foreigners buy expensive shoes. Regular citizens know more than most politicians. So sad everything is going down. But nothing has been done.
In Canada atm. Ordering takeout recently - almost every menu item was close to $20 each. I've never bothered much about prices but my wife and I were VERY surprised. And the prices also jump significantly between dish sizes. Small Dumpling Soup $20 Medium +$6 Large +$9
We decided it's become too expensive now...just literally throwing away money. Better to cook it yourself anyway.
If you look at past interest rates the rates actually need to come up more. We need the fed to stop printing money and devaluing it, we need housing prices to come down and corporate conglomerates to stop inflating house prices. Then we need the government to cut all spending across the board.
5:44 Incorrect, most people spend most of their money on their house, because of the ridiculous real estate prices.
And real estate isn't included with any variant of CPI, so CPI type figures are unreliable datasets.
CPI is intended to be unreliable. The entire purpose of the CPI is to hide the actual rates of inflation from the useful idiots who would surely revolt if they understood the actual rate of inflation and the causes of it.
We the people should not have to pay no more taxes on anything
Printing money non-stop is what causes inflation.
BRICS nations are done with the US dollar as well.
Better invest in silver and gold.
Better buy things, your dollar about to be worth the much. Weimar republic: guy was wheeling a wheelbarrow to his destination, filled with cash currency. He was robbed, they dumped the paper currency and took the wheelbarrow because the paper was worth nothing.
In the time of inflation and hyperinflation the best way to protect yourself is to buy gold. When the price hits its peak sell it and buy a land or farm.
For those who cannot afford to purchase gold, invest in silver.
@@marasegal1849 Yes, you can climb a "ladder" by going back and forth. I don't remember the formula, but when the ratio in price starts to close, you switch to the other.
"Money is gold, everything else is credit." (JP MORGAN 1912)
Since then the economy prospered. Imagine if people were afraid and did not invest.
It will take a few years but what is ahead will destroy the middle class.
What will destroy the middle class is not collecting taxes
Thank you, Mr. Riccards!
NINE SIGNS WE HEADED FOR 1929 GREAT DEPRESSION REPEAT. Silent Recession / Inflation / High unemployment rate/ Govt Debt out of control / Hyper Inflation / Rate Dollar weakening / Gold price increase / High Stock Market Evaluations (lies) INFLATED Property Market (not selling & interest rate too high) Banks in trouble (brakes on credit now)/ WW3
Idk why you put ww3 on the list.... If you didn't know wars buffer the economy because they create large demand for manufacturing jobs to create military equipment... If you knew your history you would know what event fixed the great depression
It is blatant.
Why does Biden say, "Everything is going great!"
@@MH-il1lk To keep Democratic power to keep his destruction of America to CONTROL PEOPLE BY FOOD,MONEY, NO FREEDOM, SILENT SPEECH. VOTE TRUMP2024 🇺🇸🇺🇸 t9 STOP THIS.
ONE SIGN WE ARE HEADED FOR A 1929 GREAT DEPRESSION REPEAT. Democrat Voters.
This seems like the worst period.
Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Celia dullpher
I agree just reached my goal of $500k monthly trade earnings. Setting realistic goals is an essential part of trading.
Please educate me, i'm willing to make consultations to improve my situation,
celia dullpher expertise is truly commendable.
She has this skill of making complex crypto concepts easy to understand.
I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well diversified portfolio, that has experienced exponential growth. It is not about having money to invest in stocks,but also you need to be knowledgeable, persistent, and have strong hands to back it up.
Removing cost of living from the model to make paint a better picture is criminal. I make 190k a year in San Diego and I can't afford to buy a house after gas, food, and utilities. We're barely even able to to save money at all. Housing prices are crushing the middle class
I read Jim's book in 2019, took his advice and sold my house before everything was meant to crash...
Bad move- property price has doubled since then...
Thanks Jim,Cheers from Australia
If your housing prices in 2019 were rising and hitting all time highs, you still made a good decision, regardless of what you missed out on. Don't FOMO. I bought a house in 2009 and sold it in 2017. I still made bank, and don't care what I missed out on.
You work for a 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires thanks to Charlotte Grace Miller
After I raised up to 125k trading with her I bought a new House and a car here in the states also paid for my son's surgery
Glory to God shalom.
The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
she's mostly on Instagrams, using the user name
FXMILLER18 💯.. that's it
Very well done video. A lot of good information. I do have CDs earning 5.5%. Very safe investment in troubled Economic times. We are also being hit on vehicle insurance and homeowners insurance.
Higher Vehicle insurance is from EVs. They are totalled from small accidents. Unfixable. High risk if fixed. Just total it and put the dangerous elements in the landfill. Great plan. They are throw away like the dodge neon, the Nissan versa, and a 65" tv with a dead spot in the screen.
@@davidhopper7295wrong. Higher insurance is due to the 40% increase in vehicle theft seen since covid.
Excellent video that covered a vast swath of economic indicators with an easy to follow flow of cause and effect, to how then do we respond. I enjoyed watching and learning and I’ll be a new subscriber today.
I followed Jim Rickards. I subscribed to his newsletters. Any other newsletter that I paid for after that paid me much better than anything that Jim Rickards suggested.
His predictions have failed...currency wars...
Now all "assets" basically have the same daily, even hourly candles (price action) It is all just the devaluation of the currency. The homes have gotten older, more rundown yet they are now 3x more than in 2019... only because Fed is debasing the currency- same with stocks- they are more overvalue dnow than at any time other than 1929.. only because the currency they are valued in is losing value quickly
If this country stops purchasing goods and services that will cause huge problems. Lord Stop the silliness and keep America safe for our Children and The Elderly as well.
The elderly put us here.
History shows us that the longer the yield curve stays inverted: the worse the recession. We are above the average inversion term. All indicators are showing a loom terrible recession ahead.
Rickards sums up the current econometric system pretty much on point in my view ✅
im not an economist but i am a skeptic. i say it takes 25 years to get back to what we had 5 years ago. it will take 5 years to get much worse, then it will be 10 years of being that bad then they will try to fix it which will take another 10 years. then by 2055 they might add a "0" to the end of the dollar
Im 45, and it won't be fixed in my lifetime. Joe screwed up my retirement 🤬
I know this, when the economy goes its going to go fast.....because yes it's been a slow train wreck. Slow, slow, slow, then fast. I had a dream that America was a casino steamboat that no one was investing in. It was taking on water, but no one noticed. It sunk in less than one second. The water front hotel across the street, with the gold lobby, was China. The lady at the desk was telling the Americans that they have to pay her, but no one had money. She said, "You have to pay, we have more debt that you do."
I read the book Road to Financial Ruin so familiar with your diversification advice. Thx. ( Guess the key is making sure you DO actually diversify and not de-Worsify, a term, I believe, coined by Buffett.)
We are on the cusp of The Great Tribulation, you think its bad now? People have no idea whats coming!! The Holy Bible reveals all truth.. time is short. I recommend Jimmy evans tipping point, Jeremiah Babe, Amir Tsarfati Behold Israel, Watchman River, Watchwoman65 All can be found here on youtube.
This is very good information. Thanks for sharing
Great video. Good advice. Save everything.
I'm glad I bought gold and silver years ago....
I wish I did. When I was working at 17, it would have been more affordable .
I agree, i think we've been in a depression since like 08/09. The only thing os no one admits it and the government bailed out enough people to do some economic sleight of hand to distract us all
I agree
Fantastic video! Best one I’ve watched in a month!
great video!
Would be much better w/out the annoying background music
I like background music. It's like danger is coming. With lo❤
I like it
I love it
They could slow down the images, hurts my brain to change them so fast! lol
It makes all this sound much more dire. Maybe 🤔 it should be some upbeat bluegrass? Then the outlook would seem much brighter.
Always believed in owning land and gold and lives stock with water.
I heard this same message decades ago,
@@acornsucks2111 you heard right. I agree with my older family members too. That's why I bought 55 acres of land and apartment building building and a house and no debt . I learned from my family members to live in a budget especially from my Grandparents. It's took years of planning and work to get where I'm today . Thanks God for everything.
@@acornsucks2111well if you bought gold a decade ago you just made bank. Lol
You are the go to guy Jim, thank you for steering me in the right direction for over 20 years.
We spend $30k/ year on insurance. Home, auto and health. And have average home, vehicles and health insurance that never covers 💩
Music - very distracting
I can't believe Powell had the nerve to say he doesn't think the super loose financial conditions have anything to do with continuing inflation.
Theyre all puppets for the super rich.
Great video.
What are the strategic reserves at? Think prices wont go up again when they fill it again?
Food, water, firearms, brass, copper, lead, silver, gold, dogs and a place to live away from the vast majority of foolish people.
Most dont listen to sound advice.
Have them al plus farmland, timberland, and solar panels.
@@johnbethea4505 or, where I live, a Sailboat. Living Offshore Ocean, sheltered Wilderness or Marina environment.
@@user-vw8nh4dw2o sounds good 👍
you're talking lots of money to do that......lots.
And budget has to include car insurance and homeowners insurance/renters insurance - all required.
Ok so i dont buy anything for 18months. The economy and society itself crashes around me... What exactly am i going to do with that saved "money"?
Straight forward and well said! Diversification is definitely the way to go! Thanks Richard!
You are forgetting insurance costs. Home, auto, health, life, long term short term disability
Thanks
The Feds can dice it a million ways, to Sunday. People still know, prices are way too high!
You said this back in 2021
Great music video please lower the speakers voice
Increased productivity thru technical innovation will be the way that productivity increases. AI, GPT Crispr will have a huge affect on our ability to pay down debt after we invest in the infrastructure.
Investors bought up homes 3% loans. They trippled rent. This is the Damm problem.
I think you were saying the same thing a few years ago along with others who were saying the same exact thing , I think most of us understand that we are heading off a cliff it’s just a matter of when we fall off that cliff .
We are on the cusp of The Great Tribulation, you think its bad now? People have no idea whats coming!! The Holy Bible reveals all truth.. time is short. I recommend Jimmy evans tipping point, Jeremiah Babe, Amir Tsarfati Behold Israel, Watchman River, Watchwoman65 All can be found here on youtube.
Cut the background noise please! I can't listen because of it
I can hear fine. It's kinda cool bc danger coming
I hear it just fine! It’s sounds great
Stop bitching bro. You’re better than that…
We don’t need it .
@@mkkrupp2462 Now you’re being selfish. Please don’t speak for me. It’s fine as is. Have the day you deserve…
I live in a major US city. Hyperinflation will straight up kill me.
This was an education in economy!
The cheapest thing at your local McDonalds is the employees' wages. It shows a great deal of ignorance to say that one or two hundred dollars a day in extra wage expense is going to greatly affect the cost of a meal at a restaurant doing tens or hundreds of thousands a day in sales.
100 or 200? R u joking? Theres at least 5 people working a shift. 6 to 2 then 2 to close. $5 more per hour per employee. 5x5 (employee) x 8 (first shift) = $200 first shift. $400 for the day. Now add a few employees. Some McDonald's will have 10+ people there.
That background music is not only totally unnecessary it is extremely annoying
Stop bitching bro. That’s weak minded.
Wot wong bro you have da ADD wanna go cry to mommy
Remember kids, being 'poor' is first a state of mind, a state of dependence on external forces, then it's the individual's monetary issue...
Diversification according to the Bible, "Invest in seven ventures, yes, in eight; you do not know what disaster may come upon the land." Ecclesiastes 11:2
1. Business ownership
2. Stock Equity Dividend ETFs
3. Bond Funds
4. Precious metals physical holding, or other hard assets (ammo, seeds, etc.)
5. Certificate of Deposits
6. Whole/Universal Life Insurance
7. Real Estate REITs and physical holdings
8. Cryptocurrency
You watch to enter in at cheap prices, not everything at once.
I subscribe to Jim Rickards' monthly financial newsletter "Strategic Intelligence", and he really explains complicated current economic issues very clearly. This youtube video is a good example.
Does he ever! This is great
Greedflation.
Some is but some isn't, People are in the business to make money.And when their expenses goes up how are they going to pay it with?Yes , the people who purchase their products , When a government interferes with a company by over regulating or over taxing , It rolls down to the little people like us , Just like when a fast food worker wants $20 an hour, then people. Has to make your decision whether to purchase a product from the fast food because it will be overpriced.Eventually, the worker will get laid off.Or technology will take their place ,,
Loaning money to the bank just makes you an unsecured creditor to the bank. Short term treasuries is a better bet and you avoid state taxes
Amen to that. Wish they taught this shit in high school.
@24:10 the sales pitch finally comes😆
You don’t need the hypnotic background music. People will still watch the video without it. In fact you might get more people watching the video all the way through.
I like the background
He talked way too fast and not clear
Maybe just turn the music way down and quit with the cinematic shit just tell us the info
i like it, it's chill in the morning while i drink my tea
Personally I love the background music. Makes me feel like I’m on the journey