Since nobody is reading history anymore or reading anything other than the news for that matter, if that, what are they going to remember? I just spent the past couple of months studying the origins of Zionism and the history of the Middle East before and during WWI. I think every child should be taught geography first, then advanced reading techniques, then history and then civics. We'd have a better society instead of a bunch of sheep.
Actually, the government is toothless. We've given the top 1% the ability to control our lives by limiting government to the point it doesn't respond to the needs of the voters.
Okay, time to stop visting Tom's youtube page for real this time. Sorry, but if every comment gets censored something is wrong. Why was this comment censored in a response: "Actually, the government is toothless. We've given the top 1% the ability to control our lives by limiting government to the point it doesn't respond to the needs of the voters."
@@davidmoorman731 Actually, the government is toothless. We've given the top 1% the ability to control our lives by limiting government to the point it doesn't respond to the needs of the voters.
LOL at all the comment censoring when trying to tell the original poster he is wrong. Good job youtube. Can't have a normal conversation without your bias.
I read about a certain Schommer, U.S Army. the likes of Josh Scandal. He got a Bronze Star Medal for distinguished service. He claims his experience helps him now in dealing with the grind of daily volatility in tough markets - and those big gulp moments.
@@Higuannn Investing Is more than reading quarterly reports. Learnt this from reading Peter Lynch's book. I believe there are people who do this for a living, and I just delegate the task to these professionals. That's how I make money from the market to be honest.
Investing Is more than reading quarterly reports. Learnt this from reading Peter Lynch's book. I believe there are people who do this for a living, and I just delegate the task to these professionals. That's how I make money from the market to be honest.
@@Angelavaldess I work with the popular Marissa Lynn Babula. Who happens to be a is a hot topic among financial elitist in The US. Especially for her works during Covid. All the information you need to set up an appointment is on her web page
Diversify your wealth outside of dollar denominated assets and you'll be fine. It'll be some rough going for a bit but the world will not end. Be bold with your head up.
The media would never call out the Democrats for their malfeasance. That same media ran cover for Joe Biden saying this was the sharpest and most cogent Joe Biden ever. Kamala knew… They all knew and yet they gaslit the American Public.
@@spikelou Yes, my wealth advise told me Bolivian Bolivars were a really good buy because they're so cheap. At that price we should buy all of S. America!! Oh wait, US banks already have.
He is in some delusion. he actually thinks it was all the old people who borrowed so much during the years of nearly nil interest. He also thinks AI can do what people do. He should lie down in that bar and keep drinking. . AI is anti-human Raoul you live in a dark room without birds and trees.
@donkeybus, his solution is no different than that of the Captain of the Titanic: the ship is unsinkable until it sank! Anything priced in a inflating fiat will go up until it is completly worthless. 😅😅 this Roul guy is not looking at the life cycle of Fiat, he is on a sinking ship rearranging deck chairs 😮
Raoul Pal: All tip and no iceberg. C'mon Tom, move him along. ... we're 36 minutes in and he's said bugger-all. Peter can see he's not worth engaging directly.
I thought Peter was going to debate Ru Paul...lol...thankfully less drag in Raoul...but seriously no need to go to the F-bombs when having economic discussions UNLESS you are emotionally married to your beliefs that are being DESTROYED by facts based on the REAL WORLD...crypto isn't real until you "cash" out.
hey bro as an indian i ask you do you really encourage people to come to US what your country is going through as i just want ground reality. As an indian we have same economic challenges going from years. this is why we indians are shifting to foreign countries.
@@sanskarsharma1138 well… there is opportunity yes and we do have some great things … BUT I’m actually taking my family out of the US! With the world wanting to leave the US dollar, I don’t see how America can sustain itself 25-50 years from now. And also our education system is perverting children so if you are a traditionalist you might want to consider other countries…. Watch NomadCapitalist for a better idea :) US isn’t the only country with plenty of good things to raise a family and a stable life with good food! Best of luck to you and your family! I hope you are blessed :)
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
To resolve our national debt issue is to first downsize the DOD CIA FBI. I will just address the problem regarding ine agency, that is the DOD. We have wasted trillions $$ in direct military expenditures, let alone the immeasurable indirect costs associated with the men and women, and their, upon their returning home. The DOD expenses are not capable of being audited. Can you imagine if this happened to a publicly traded company! It appears there is no one in our government, including those who are in the DOD, has a true clue of what the true financial conditions of the Pentagon are IMHO: the only one thing these people know is "how much do we need to expand our military budgets in order to manufacture chaos and/or war around the world". These people who run our governments, all administrations without exception, are less capable of handling our taxpayers' hard earned money than a middle schooler with a credit card in hand.
This! Preach more cause too many Americans support US military forces all over the world, this is the reason why this country is being drained of its money.
I do fear that most Americans will lose so much. They will not be willing to stomach it, and they will fight with each other because they don't know what is happening.
Reminds me of the scene in Batman, where society goes crazy. I see financial collapse and food 'shortages' carefully engineered over years, will create mass panic that not even the military will be able to deal with, and we'll get a friendly offer from the Chinese to 'help' calm the insurrection and 'restore order', ala 1939 Germany, and lo and behold, the Chinese are already here, have already purchased farmland inside America, right around our military bases, courtesy of spy balloons intel, and they can spring into action to calm America's unrest!! yeay!! And they'll never leave, they'll take California which has been mostly burned, all the Republican areas that might protest, L.A. and San Fran are full of purple-haired Zombies anyway, so no protest there, and China will sail right in and walk all over us. America over.
The crashes of 1987, 2001, 2008, 2020, etc. have all been "solved," over years of papering over the underlying issues (rather than fixing them and holding people accountable that caused the problems), bailing out bad actors, printing trillions of dollars (which does not increase values, but devalues the currency), and lowering interest rates to near zero. Those are "1-trick" ponies that worked when the national debt was $1 trillion (1980s), $4 trillion (2001), $9 trillion (2008), or $20 trillion (2020).... Also notice a trend, major market collapses are happening more rapidly. From once every few generations (1929, then 1987...) to now once every decade on average. And that goes for major industries too that we have bailed out: Airlines, banks, insurance, auto makers, etc. All very fragile. As our debt balloons north of $35 TRILLION, about 10x greater than in the year 2000, and very soon to be $50 TRILLION, we cannot print more money and we cannot lower interest rates to get out of it. This accelerating pace of debt growth is mathematically and economically unsustainable. I'm unware of any model that shows how it can be repaid, and default is an inevitability. I believe the dollar has lost something like 99% of its value in a century. There's soon not enough money in the nation to tax our way out... Debasing it more will not help Americans or the economy or the debt. Instead it will accelerate everyone dumping the dollar and the US fiat collapse. Default and reset are imminent. NO WAY TO IGNORE IT.
Yes. I remember the gov saying in 2008 economy bandage they said it will come full circle in ten years or so and there's no possibility of a fix this time around.
I’m not interested in what is going to happen because - I’m on the losing end of the economy. My hubby works 7 days a week. I run two businesses and we just get by. In the past that was considered well off- now it’s a living wage. At least where I live. Rent is about 2500 to 3k in my state. Houses are about 600k. Explain how anyone can afford these numbers at 150k per year. Plus all the bills I pay every month. I have tried to cut our things like insurance, get rid of certain things- but some bills are mandatory. Insurance, light, gas, car, and phone for work. It’s like you are getting screwed all the time. Tell me I’m wrong. Where is the extra money to invest?
150k a year. I said the same thing making a net 400k being single. It's lifestyle creep. If housing is too expensive live alternatively, etc. Time to get a used travel trailer and save save save.
Do you remember the term “company store”, where workers would get paid in company coupons to spend at the company store for goods. Our dollar is now the “company store” coupon where all our money goes back to the corporate government. We pay a monthly fee for everything, for cell phone, rent, water, and everything to just live. Like slave labor, and they get to live off our backs. History repeats, it just comes in different forms.
You should minimize your expenses. Live very modest until you investments make more than you. $150k is great and I understand completely where you are coming from but keep educating yourself on investing, reduce your expenses, and monitor your income. For most people patience and discipline is hard. I was crazy broke as a bus boy and lived cheap for over a decade and now have 7 figures invested in an array of assets. I of course got a better job but my income never was more important than my investments. At this point anything I make goes directly to investing. Stay focused on the goal and stay in the marathon.
As a beginner in investing, I'm really unsure about what to do next. Should we pull out of the market, or are there smart moves we can make even in this downturn? Any advice would be greatly appreciated!
Get the app that tracks Nancy Pelosi's market investments and short sales. Alledgedly, it moves your investment to mirror hers. Don't know what it's called.
U.S. has the Federal Reserve System which is a quasi governmental private consortium that indebts the federal government. A real central bank doesn't do this. Foreign central banks are real central banks. The Fed is a different story.
Not just the middle class, it’s just that the middle class is just beginning to be affected is all. The lower class and the working class were always being screwed. However now the elite simply cannot steal enough to please themselves any longer, without stealing from the middle class as well. What a freaking joke. Especially since the middle class have been screwing the lower and working classes forever, thinking that they are so far above the working class. Have to say I don’t feel even slightly sorry for the wealthy f’s who’ve been lording it over the rest of us for the last 50+ years. All those suburban soccer moms and dads deserve what they are about to get, and some. The only shame is that it will hurt those of us who have actually worked for what we have. Unfortunately to even things out we all have to suffer for the greed of the elite and middle class.
That is the fear that is running you. Join a small farm community and the shared fear will become jointly manageable. Can they take your farm, food, creative talent?
It will continue to contract for most likely the next 30 years or so. As emerging markets grow and as Americas share of global GDP declines, the US will slide into a 3rd world country. Some say we're there already. There's no going back to the glory days of post WW2. Unless something horrific happens.
To one of Raoul’s last points about Americans being unique about “preparing” for the future: Historically America has concentrated a tremendous amount of unique personality traits with people immigrating en masse from all over with a preference for independence, self reliance, a preference for freedom and a need to not be told what to do because they were resistant to gov’t repression in their home countries. That takes a special personality trait of courage and sacrifice to follow through, moving to a land without much security for the absolute need of freedom. While it may look like those people don’t exist in America anymore, just wait. Those people are just waiting until they are really needed. We’re all just letting the children try to figure it out before the parents come home.
Doomsday prepping is not an American thing. America isn't the only country that fear the future right now, I'm in the UK and everyone knows this is unsustainable. That guy was just bitcoin shilling the whole time.
🙌 From an outsider perspective, I'm sitting here in india, let me tell you frankly, Americans lives in this dreamy world more than reality and have unrealistic sense of life, until your government was printing dollars left, right and centre the average American had this kind of a behaviour that they are some kind of superpower and lives in this dreamy land forever, but in reality U.S is going to sink in very big bad way, and I'm saying this from far away, your media is nothing but a literal propaganda tool of your government, and made many generations of Americans believe what they listen or read till now, And let me differentiate between rome and the U.S collapse, during rome the world has many other civilizations like Indian (still we practice our culture similarly), Egyptian, Chinese, persian and many other cultures so even of the Rome collapsed it was a big event for the europe but not for the rest of the world, Whereas when it comes to U.S, it is nothing but a continuation of the British empire where the headquarters have shifted from London to Washington, and U.S made this Unipolar dictatorship world with its currency and so many regime changes and military attacks that, when U.S collapses, I think whole world will be effected, and it will really hit bad that it will be written in the history. Im not saying bad things but that is what your government did And the first ones to leave U.S would be your "so called politicians and elites", probably to another country and the rest would struggle. So there is no option left i believe, U.S went way too much into everything with everyone that there is no turning back, and comparing with on going events it won't happen slowly for the decades, I'm thinking maximum by the 2026 to 2032 it will happen. Thinks are happening way faster than you think. So from inside U.S the thoughts must be optimistic but it's not.
Exactly right. About 5 people will own all the AI. So who cares about GDP? The only answer will be tax the 5 people with AI and live on government handouts. Life is going to absolutely suck.
Raul - every time you stop negatively characterizing Peter with your questions, and allow him to answer without your incessant interruptions, you start “rat chewing” your pen again when you are schooled over your ego nonsense - quit being so defensive - quit attacking Peter, and say something that will stand on its merit which you have incapable of doing!
u need to look at peter and realize that he’s been saying the exact same thing for well over a decade at this point. all the fanboys over here married to their gold like it’s the only thing that exists. gold hasn’t done really anywhere near what it’s supposed to do. peter has been giving s t advice for the last 14 years. same message year after year. “the crisis hasn’t come yet, nope not yet.. they kicked the can down the road” peter is married to his idea that the world is still trapped pre digital. this time is different in the sense that what we are living in has actually never happened before in the history of humanity. humans could not connect around the world w ideas in real time. people from all over the planet could watch this right now, and have a real time dialogue w each other. take that and apply it to the idea of new assets that do the same. that has never happened before. if i was in the interview i would have disregarded peter as well because he has the same message year after year and only new excuses as to why what he claims is not happening. he’s coasting on everyone d k riding him for the 2008 that plenty of people saw and they are not permabear gold obsessed. im sure we go back to gold in some form for backing but it will most likely be a massive basket of things not just returning to the non digital world only. the world has changed and peter refuses to see it.
@@wolf-yw9wk Are you insane! Gold from $250 to $2500! Where you been slow-trad? Quit huffing the airplane glue you dope! Gold is headed to $3000/oz next! Eat your own words Dufus! Bwahaha!
Not jobs and not stuff. Yes, we all want meaning! And that includes family, career, a life (home, hobbies, peace). And, I’m telling you the current system DOES NOT provide a path to this. Our current systems are a series of scams at their cores, and this is a cancer on society that degrades us as humans except the very tippy-top on the economic level. Until this core-rot changes, true fulfillment broadly across society is a mirage ……
Sounds like a person who's never been a volunteer firefighter. Or donates any of their time on a weekly basis. If working give u purpose and defines u that's sad 😂
Budget hard, buy assets like precious medals or crypto. Save and wait for whatever crash is coming and buy it up. Not fun and definitely not easy but that’s how to do it
1) need to create organization and economy separate from US dollar, 2) need to prepare to defend against sleeper cells and ground invasion likely from BRICs et al countries.
Knowledgeable Investors know where and how to put money during a crisis in order to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage these market conditions
True. A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k Show less
My CFA ’Giselle Babilonia Cantada’ , 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.
Very interesting conversation. Peter states that “people don’t want to work, they want things”. I think that this is the biggest danger about AI. People need to work. We need purpose. We need interaction with other people. AI threatens our current structures.
Our purpose on earth is to work. Work to feed and house ourselves. There is people who think that they will be happy doing nothing. It's bullshit. Woman are the only things that can just sit. Men are not built that way.
If things go well, it will be better than we can imagine right now. Everyone becomes an entrepreneur in this world. Just think of the endless possibilities offered by going into space. Nevertheless, we still have to go through the shoals of the dollar collapse first. But we can also profit from this.
Agreed, without purpose we will fall. I certainly hope everything is fantastic with AI, but I'm realistic with my expectations for humanity. A huge change to the way we live and just the loss of purpose will have massive negative impacts that outweigh anything positive from AI that I can think of and I'm not a hater of AI, I'm just being realistic. Also the way it can be abused is very concerning, we already live in a bifurcated society with everybody getting news sources and other information from all different outlets ans social media. That's already divisive enough as it is, I'm not saying it's good or bad but there is no unity like before. Everyone has their own worldview rather than accepting reality for the most part. AI only exacerbates that problem, I'm very concerned with this massive societal change but I do know it's inevitable.
Rauul Paul is in some delusion. He actually thinks it was all the old people who borrowed so much during the years of nearly nil interest. He also thinks AI can do what people do. He should lie down in that bar and keep drinking. . AI is anti-human Raoul you live in a dark room without birds and trees.
Three years ago, nobody could have foreseen the current state of the U.S. dollar. The U.S. continues to repeat the same mistakes that have led to the dollar's current situation. As a result, there's no guarantee that the dollar's future will be as bright as it's hoped to be.
Having a mentor is my personal recommendation. It seems like a good bet if you have limited market knowledge, but I'm not sure where you'll find an experienced one.
The problem with Raoul’s thesis is, when it’s all robots. Who buys anything? Sure there’s a transition phase. But eventually people replaced by AI = everyone unemployed 😢….
And somehow we are supposed to reduce emmisdikns when all the robots use electricity, so all the people use up resources while there are millions of robots on top of that using power and somehow that uses less energy.
And all of those unemployed people will not be sitting around collecting UBI, painting on the beach. They will not pay millions/billions to sit on their bums painting. They will need a massive depop.
@@markaja2 not a bad idea to park some money in gold and silver. I also have a slug of BTC. I'm spending my surplus money on those things and building up a supply of food/water/backup power etc. Our government is incompetent. IF the SHTF in a natural or manmade disaster, I want to be able to pull myself and family thru to the other side.
@@Garden-offgriddo t go too heavy into something that can be taxed. A home or productive real estate maybe. But be careful. Don’t get attached to any single asset as a life raft. Property can become worthless in trade value in many scenarios. Sadly so can gold in short term, but it has a way of coming back time after time.
The problem is our elected leaders are way too comfortable spending orher peoples money. They dont start out that way, it takes a few years, but eventually they cant help themselves. We need term limits now!
Biggest deficit spender ever was trump. So far biden has done a pretty good job balancing the books. The figures on deficit spending are publicly available if you just want to look at how much money different administrations spend without raising the capital from somewhere (i.e. how much debt they add).
Peter has made a fool of him many times in the past. The guy is oblivious to his ignorance. Never trust a guy with more sh-- on his wrist than a woman.
Schiff Rocks… Tom, start paying attention and quit being a fool! You are known by the company you keep… get rid of the goofy hats and black shirts - then there’s hope for you once you load up on Gold… sheesh! Why do you think the central banks are loading up??? Quit listening to Raoul Pal - THINK!!!!
When I heard the rich guy say that, I completely understood how these elites are completely out of touch with humanity. Everyone needs a sense of purpose. Work fulfills that human need.
As Raoul Paul has Indian parentage, he should be asked to go to India and change the mentality of gold there and get Indians to instead adorn their bodies with USB sticks with bitcoin data within them ! What success rate will you get Raoul ?
It is not what you own, it is what knowledge you have that is in demand. Can you teach farming, construction skills, AI maintenance, robotics, the creative process? Can you teach a lifestyle beyond fear?
Game theory will take shape. Those who will choose to adopt this thing called btc idk but I'm certain government will give them no choice. Time will fix it.
@@nighthawk5301 Saylor is a visionary MIT genius & is orders of magnitude smarter than you (& me) - he put his money where his BTC mouth is & then some! Saylor has previous too. He predicted the analogue to digital revolution 15 years ago & he's given you the info for the next tech revolution. Your move, Sport!
I'm glad I'm not the only one calling bullshit on his AI/robotics nonsense. I see his point but I don't think it's gonna save the economy. Production may go up but when you have people's jobs taken they will need to get paid through the government. Which means more government spending, he really thinks AI and robots are going to make so much money it won't matter but there is no way to actually know if that's true or when that would be. It's certainly not something I'd count on happening to fix the economy, especially in 5 years like he said. I feel so many issues will arise when/if AI gets to that point and the economy will be the least of our concerns.
@@JG-lo1vbhe didnt say they are going to save the economy, he said they are going to double the gdp, and then he has no idea what the economy will look like. I think he agrees with everything you just wrote.
It started in 1982. That is when the dept started doubling every 8 years; two presidential terms. The justification differs but the solution is always the same; create more money. The system cannot make difficult decisions.
We ran a budget surplus during Clinton’s administration. But it’s like Raol Paul said, it all started in 2008 when they levered the debt load against the value of the US economy. However, in all fairness every country on the planet does this now as well and most countries are in a far worst position than the USA. It will only be if the dollar loses reserve status that everything will collapse.
It started when we overspent during the Vietnam war and the war on poverty and the world started turning in their dollars for gold. Then Nixon closed the gold window and the road to debt hell started
@@tedkrygoske535 you’re right, we ran a surplus and were paying it down but it was not paid off. I was thinking of the defecit, my mistake. I do really think though that everything changed with MMT and 2008 because that was when it was really pushed forward and private losses were publicly subsidized
"Sillä pahat hävitetään, mutta jotka Herraa odottavat, ne perivät maan. Hetkinen vielä, niin jumalatonta ei enää ole; kun hänen sijaansa katsot, on hän jo poissa. Mutta nöyrät perivät maan ja iloitsevat suuresta rauhasta." - Psalmit 37:9,10,11 - Raamattu 1933/1938
Peter, "you said it right when government HONESTLY REPAID THEIR OWN DEBT" thats not happening. They want to come after WORKING STIFF CITIZENS and raise our taxes. I think our state has a wheel tire tax to put your tires on road. All taxes, food has increased, no one can afford to live in America. Were not in Monaco, France 100% tax free.
But, inflated pricing is because of Corporate greed! Big companies are reporting record profit. Don’t you think they should bring their pricing to consumers lower?
That's the part you not understanding. The money is completely devalued. There making more dollars. Everything is 40 percent more expensive. Of course there getting more dollars. Still don't mean it's worth shit.
Tom, you are actively working on being the best version of yourself. I think that's the best way to serve. And you serve society beautifully...Thank you.
Raoul Pal says , "..too many old people"!! I don't quite know what he meant, but I don't appreciate the insinuation. We old people didn't invent the world we were born into. We played the cards we were dealt by fighting ww2, Korea, Vietnam, and dying doing it, coming home and raising our families, and all the things involved in living life. Now we have a different paradigm passed on to the current generations and all have to deal with it. Blaming the older generation of laymen and women is wrong. The political class made the laws we all have to follow and live by, so I feel there's plenty of blame to go around.
Don't take it personally. It's macro analysis. Half of all government spending is on people over 65. The rest goes to the military and debt servicing. The youth are being destroyed.
He speaks of the entitlements that create the burden young people must pay for but will never benefit from. He isn’t taking away from all the good that came from the older generation but is only highlighting the federal obligation that were voted in during that generation and the number of people receiving those entitlements
Not quite. The boomer generation is solely responsible for the social end economic disaster we're in. They spent all the money of the great generation and took out debt on every generation after them.
@@michaelgoodrich5309 NO ONE is elected - been selected since 1880s - this is all happening by design. OLD people did not cause this - those who make the rules and control the game did. Reading some history reveals all the facts needed to see the truth.
@@clintdarquea3719 That's an angry, offensive, naive and over simplistic view of a complex set of circumstances and concepts we all struggle to make sense of in hindsight. To resist the blame game is difficult for you to sort through without picking the low hanging fruit so long as someone else gets the full force of your position, well I reject it and there's that.
@@captiveamerica1776if thats the case it goes all the way back to the start of humanity correct? The elite masons what ever u wanna call them had this all planned mate i noticed all this at an early age but was made out to be off my head all history is bs school systems bs u name it only way to stop it is stop us mear mortals having ago at each other and all unite as1 and go at them now iv said that il end up like other ppl that speak out against them il probs end up dead or made some what none existent
@@carlwide6594 Or just not as rich, but protected. My investment in bars of Dial soap has paid off already considering how much they've gone up in price and I don't owe taxes on any "gains" when i take a shower. It's not that I'm out of the stock market completely, but I keep it balanced with real things. There is no counter party risk with my gold, silver, or soap. 35 Trillion in debt with an additional trillion every 100 days. Let's see where this goes.
Nice interview. Tuned in to listen to Raoul. He's making some good points on being able to identify and consistently challenge one's own biases. Where I disagree with him is the notion that doomsday prepping is somehow an American thing. It most assuredly is not. Doomsday prepping (which comes in many different forms) is most common in nations where the population largely agrees its government/central bank regularly resorts to devaluing the nation's monetary unit. Doomsday prepping is therefore mostly a function of the historical stability/strength of a nation's monetary unit. I assume if you were to go to places like Venezuela, Zimbabwe, Argentina, and Turkey, you'll find significantly more doomsday prepping than in the U.S., and for good reason. It seems to me hyperinflation is related to a lack of independent central bank decision-making combined with an ambitious (corrupt?) government. To the extent a central bank is truly independent from government, a hyperinflation outcome seems unrealistic to me. The questions: is the Federal Reserve truly independent? If they are, does this have the potential to change over time? At the margin, is the independence of Federal Reserve decision-making currently increasing, decreasing, or consistent? Good day.
Anyone who continues to “force behaviours “…….. is going to have a bleak future if a future even at all. It absolutely will happen and there’s nothing that can be done to stop it.
It's not a problem if you know what to do. Buy assets that gain value in proportion to the inflation. Markets are HEAVILY manipulated. When you can print money and the law allows the government to do it, the manipulation is rampant. Gold and silver are the primary targets if this manipulation because they are the classical signals of true value of the currency.
What you're talking about happened to Japan. The debt of Japan is 2 and half times more than their GDP. They've been at almost zero interest rates for decades and they can't get out of it. You can only fix your broken car so many times until it becomes unfixable and in the end its almost worthless and sold for scrap.
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last month 2024 Family value is important. It sustains individuals in difficult times.
Woah for real? I'm so excited. Sonia Campbell strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started...
Sonia Campbell was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Sonia campbell.
Sonia Campbell concept is key in beating all odds to excel in this form of online commodity. Her management team is quite impressive so far! With SUK made a profit of over 28,863 dollar
If you dont hold it you dont own it.I agree with peter. Bitcoin has multiple party risk and can be monitozed and confiscated. Gold is a tier 1 asset with no second party risk and can not be monitized or confiscated if held properly.
Wrong gold is just like crypto you don't actually own it you own paper gold and if you wanted your money you would have to sell it just like you sell crypto so know you can be manipulated and there can be a catastrophic loss in gold as if their files were compromised or any 😊 firm you had it at was hacked your files could be completely deleted and you don't own anything....
Executive Order 6102, May 1, 1933, required all Americans to sell their gold to the US Treasury at a set rate. In 2024, all assets are tracked, including those you hold.
If all your BTC is in a cold storage drive the only way it can be confiscated is the same way they have confiscated gold in the past and the same way they size land in compulsory purchases. The government demands it in law and if you don't hand it over they send men with rifles in to take it by force.
I had a conversation with a coworker, he was talking about an estimate of his monthly social security benefits once he hit 67. But I told him it's unlikely SS will be solvent enough to pay that. After decades of politicians raiding the Trust Fund. But when a debt curve breaks the model. You get the Delta, rate of change perhaps moving as fast as the expansion of the base number. There will no tax hike or interest rate hike that will keep up with that inflationary curve. No debt costs spiral will stop spending and printing in the Fed and the Treasury Department. To stop is let the air out of the balloon completely. The end of the system, which will go back to the origin or zero point on the graph.
One needs to look beyond the symptoms of dysfunction because fixating on this prevent thinking critically about root cause. It’s important that people look at this space holistically. It’s important to understand that none of this is by chance or accident.
@@MikeVeracity Nixon didn't stop the gold standard, FDR did. Nixon stopped foreign governments from draining our gold reserves. The idea was that if the American citizen can't exchange the dollar for equivalent gold, why do we provide that service to foreigners?
How is bitcoin better than any other currency in this world. It is based on nothing. Maybe the US dollar is a problem because of the debt but at least it is based on the value of the US economy. That is much more than bitcoin.
Yes, it was a direct response to the 2008 crisis, satoshi literally says that. Not sure your age but it was a massive thing, huge protests of "the 1" and occupy wall street. And nonone was had accountbale and the system was "fixed" with band aids and duct tape. So satoshi et al created bitcoin. And it was maybe the greatest invention of the century.
It will continue until producers stop accepting dollars. Until then it will go on and on and on. We don't need AI to increase GDP. We just need to remove government interference all of which just impedes prosperity.
My job is repairing CT and MRi machines. Chillers HVAC) are included included in our contracts. The job is insanely technically diverse. Silver soldering, computer bios, firmware, programming, hacking, mechanical, electronics, diagnostics. A.I. has been involved with this job from 1980s. A.I. forces you to do more diversity of skills to keep your job, to give value.
@@cultleader3572 if I had a penny every time someone said "Been hearing this for x amount of years" I'd be a millionaire. eventually it'll be true, so STFU
It started in 1971,it was impossible for the USA to default on there agreement to hold exactly 1.1% of it’s economy in gold (8800 ton) because they and they alone had authority to set the price of gold to be exactly 1.1% in which the other 40 plus’s countries based there currencies i.e Canada held 1100 tons of gold to keep are dollar at par where as England held twice that amount mainly because there a importer and exporters of money financing.
@@Learner5555 Nixon and his hand picked fed chair temporarily suspended the USA dollar being backed by gold is a lie perpetrated by the private banks ,where you see the dollar go from worth 1/37 a ounce of gold in 1971 to 9 years later to 1/500 a ounce of gold all because of a lie .
@@Learner5555 Richard Nixon temporarily suspended the dollar from being backed by gold 1971 then he a congress de-criminalize owning gold by the banks legal again 1973 ,1975 made the dollar permanently not backed by gold.like pigs a trough the dollar went from 1/37 a ounce gold to 1/500 a ounce of gold 1980.
Stock market would crash. Where do you think this money going into the markets is coming from. Its all fueled by Govt printing more and more money. That money ends up in the stock market eventually. It why Stocks are considered an inflation hedge. Its a self fulfilling prophecy.
Things appear strange right now. The value of the US dollar is declining due to inflation, but it is increasing in comparison to other currencies and commodities such as gold and real estate. As someone with retirement funds I'm concerned about the impact of inflation on my savings,I hit $31k today, I am truly grateful for all the knowledge and nuggets you have given me over the past few months started with $11k in few weeks.
Flnancial planning is about more than just reaching a specific flnancial milestone. It's about figuring out how to generate income, manage expenses, and maintain your desired standard of living throughout your retirement years
I don't think that the robots or AI are coming to save us. My experience with automation has been that It's very unreliable. I worked in a wind tower factory that used PLC controlled hydraulic trunnions to position and move the steel rings that the wind towers were constructed from as well as partially automated submerged arc welders to run the cap welds on the inner and outer diameter of the rings. Even after the decades that we've spent trying to automate our workforce we still had to fit the rings and run our root welds by hand and on top of that our machinery was so unreliable that at least a third of our time was spent trying to make our machinery work correctly. Now I'm in college working towards my Industry 4.0 certification and honestly, technology hasn't come very far since I was a little kid and they were saying that robots were going to take over the world. We have very clearly hit a point of diminishing returns at this point and I'm sure that the supply chain issues that are going to continue to get worse are going to make automation much more expensive. Not that it matters because, clearly our money isn't worth anything anyway.
AI won’t lay the bricks, set up the scaffold, do the nice timber joinery, install the stone benchtops or even turn one stone if you want to build a home. This won’t change
The Oprimus Prime Robot of Elon Musk will be able to do it all. AI being the brain.the robot will be able to work 24/7/365 l( except for maintainance). It will do the work, pay for itself, prophit for the owner of the robot and pay a living wage to the displaced worker.
Unfortunately it probablly will do all those things with much less cost than a human. They will be near the last tasks to be automated. But it definitly can happen
And it is getting worse. Expect now you can see a significant prices difference every 5 year. Do you remember what things cost in 2019, how about 2014, how about 2009, how about 2004?
@@sociolocomtsac If the dollar devalues your "income" number increases, but the value decreases because things are more expensive. People today make about half the amount of money people in the 80s used to make when adjusted for inflation.
I don't disagree with Peter when it comes to the extremes the government will go to against the common people, but he sounds ridiculous when it comes to Bitcoin. I would LOVE for Tom to get Michael Saylor on here to debate Peter face to face on the subject. I think Michael would wipe the floor with Peter. I have nothing against Peter personally, but he sounds deranged when it comes to Bitcoin, as it's a MUCH better Store of Value than gold.
raoul is from goldman sachs, all he cares is about himself, people are stealing openly, home less are everywhere, all politician cares is to protect their job and power and all their policies are to protect their cronies, and normal people can do is wait and see
@@Joe-ti7qd Well-spoken? No, he brutalizes the language continually, as if he is lost for words to express what he needs in a civilized manner. Instead, he needs to use an "f" word in every sentence. Very often, he is also wrong because he tends to exaggerate a lot.
Tom - you need to beg Peter to come on your show each week to explain the basic 101 why to buy Gold and dump your cryptocrap scams! Thank you… and you are welcome!
I believe it was once said very profoundly;
"Those who cannot remember the past are condemned to repeat it" ...
Germany 1930??
Since nobody is reading history anymore or reading anything other than the news for that matter, if that, what are they going to remember? I just spent the past couple of months studying the origins of Zionism and the history of the Middle East before and during WWI. I think every child should be taught geography first, then advanced reading techniques, then history and then civics. We'd have a better society instead of a bunch of sheep.
@@mikegoritz1010 And never forget that
@@andrew_owens7680 Yes, what you say is the basis of society, certainly. And a democratic system, which the US does not have.
CONDEMNED
It's so overwhelming!!! We had given our gov way toooo much power and too much liberty to control our lives
Actually, the government is toothless. We've given the top 1% the ability to control our lives by limiting government to the point it doesn't respond to the needs of the voters.
Okay, time to stop visting Tom's youtube page for real this time. Sorry, but if every comment gets censored something is wrong. Why was this comment censored in a response:
"Actually, the government is toothless. We've given the top 1% the ability to control our lives by limiting government to the point it doesn't respond to the needs of the voters."
So take it back. If we can give we can take back.
@@davidmoorman731 Actually, the government is toothless. We've given the top 1% the ability to control our lives by limiting government to the point it doesn't respond to the needs of the voters.
LOL at all the comment censoring when trying to tell the original poster he is wrong. Good job youtube. Can't have a normal conversation without your bias.
I read about a certain Schommer, U.S Army. the likes of Josh Scandal. He got a Bronze Star Medal for distinguished service. He claims his experience helps him now in dealing with the grind of daily volatility in tough markets - and those big gulp moments.
Besides That is a very interesting concept for a vet but it comes with great risk.
@@Higuannn Investing Is more than reading quarterly reports. Learnt this from reading Peter Lynch's book. I believe there are people who do this for a living, and I just delegate the task to these professionals. That's how I make money from the market to be honest.
Investing Is more than reading quarterly reports. Learnt this from reading Peter Lynch's book. I believe there are people who do this for a living, and I just delegate the task to these professionals. That's how I make money from the market to be honest.
@@biankabrodeur01 I've been getting suggestions to use one, but where and how to find one has been challenging, Can i reach out to the one you use?
@@Angelavaldess I work with the popular Marissa Lynn Babula. Who happens to be a is a hot topic among financial elitist in The US. Especially for her works during Covid. All the information you need to set up an appointment is on her web page
🚨SILENT DEPRESSION🚨
Also silent recession, because talking about it is prohibited/censored, because it contradicts feds booming economy narrative.
Diversify your wealth outside of dollar denominated assets and you'll be fine. It'll be some rough going for a bit but the world will not end. Be bold with your head up.
The media would never call out the Democrats for their malfeasance. That same media ran cover for Joe Biden saying this was the sharpest and most cogent Joe Biden ever. Kamala knew… They all knew and yet they gaslit the American Public.
@@spikelou I concur! Well said!
@@spikelou Yes, my wealth advise told me Bolivian Bolivars were a really good buy because they're so cheap. At that price we should buy all of S. America!! Oh wait, US banks already have.
The British guy is like “ well I’ll personally be fine no matter what”. Hey man myself and everyone I care about will be fucked
He was doing a thought experiment on fear. He was trying to get the conversation with Schiff to a deeper level.
And hes trying to tell people how to not be fucked. For free on youtube. Hes not mother theresa but come on bro information is power
He is in some delusion. he actually thinks it was all the old people who borrowed so much during the years of nearly nil interest. He also thinks AI can do what people do. He should lie down in that bar and keep drinking. . AI is anti-human Raoul you live in a dark room without birds and trees.
@donkeybus, his solution is no different than that of the Captain of the Titanic: the ship is unsinkable until it sank!
Anything priced in a inflating fiat will go up until it is completly worthless. 😅😅 this Roul guy is not looking at the life cycle of Fiat, he is on a sinking ship rearranging deck chairs 😮
@@Sola_Scriptura_1.618 He's telling you to get into assets that increase at a FASTER rate than inflation.
Raoul Pal: All tip and no iceberg.
C'mon Tom, move him along.
...
we're 36 minutes in and he's said bugger-all.
Peter can see he's not worth engaging directly.
Nailed it! You'd have thousands of "likes" for that comment if the herd wasn't so clueless!
hes a drama queen
I thought Peter was going to debate Ru Paul...lol...thankfully less drag in Raoul...but seriously no need to go to the F-bombs when having economic discussions UNLESS you are emotionally married to your beliefs that are being DESTROYED by facts based on the REAL WORLD...crypto isn't real until you "cash" out.
Inflation, high rent, high gas, perversion, the world wanting to abandon the dollar, no good jobs, etc….
Yeah these things are “my bias”
hey bro as an indian i ask you do you really encourage people to come to US what your country is going through as i just want ground reality. As an indian we have same economic challenges going from years. this is why we indians are shifting to foreign countries.
@@sanskarsharma1138 well… there is opportunity yes and we do have some great things … BUT I’m actually taking my family out of the US!
With the world wanting to leave the US dollar, I don’t see how America can sustain itself 25-50 years from now. And also our education system is perverting children so if you are a traditionalist you might want to consider other countries….
Watch NomadCapitalist for a better idea :) US isn’t the only country with plenty of good things to raise a family and a stable life with good food!
Best of luck to you and your family! I hope you are blessed :)
@@sanskarsharma1138the ship has already hit the iceberg in the states.
@@sanskarsharma1138just because it’s still afloat doesn’t mean it isn’t actively going under.
@@sanskarsharma1138 what does "shifting to foreign countries" mean?
Investment? Or living?
I appreciate Peter's wisdom and class.
That was a very nice (classy) way of saying how great he handled the know it all. Well done. I agree.
He's been dead wrong for decades
@@AaronJCourtney Sheeple everywhere agree with you and they are wrong.
@@AaronJCourtneydid you miss him calling the 2008 crisis when noone else did
the other guy sounded like he was just shilling his pyramid scheme lol
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.
Her name is. SUNITA CHACHY JOSEPH . Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
8:45 so thats why they made covid
😊😊😊😊😊😊😊😊😊😊😊😊😊😊
I thought so too
Bingo.
Covid19 was not man made. Yes I have engineered man made viruses. If it was man made there are many people who would easily be able to tell.
Have often thought that
To resolve our national debt issue is to first downsize the DOD CIA FBI. I will just address the problem regarding ine agency, that is the DOD. We have wasted trillions $$ in direct military expenditures, let alone the immeasurable indirect costs associated with the men and women, and their, upon their returning home. The DOD expenses are not capable of being audited. Can you imagine if this happened to a publicly traded company! It appears there is no one in our government, including those who are in the DOD, has a true clue of what the true financial conditions of the Pentagon are IMHO: the only one thing these people know is "how much do we need to expand our military budgets in order to manufacture chaos and/or war around the world". These people who run our governments, all administrations without exception, are less capable of handling our taxpayers' hard earned money than a middle schooler with a credit card in hand.
Yes! We need rfk jr.
i agree 100%
Get rid of Obama care and we are well on our way
Get rid of NASA also which costs $40 billion dollars a year and all people have been getting are old CGI clips.
This! Preach more cause too many Americans support US military forces all over the world, this is the reason why this country is being drained of its money.
I do fear that most Americans will lose so much. They will not be willing to stomach it, and they will fight with each other because they don't know what is happening.
Reminds me of the scene in Batman, where society goes crazy. I see financial collapse and food 'shortages' carefully engineered over years, will create mass panic that not even the military will be able to deal with, and we'll get a friendly offer from the Chinese to 'help' calm the insurrection and 'restore order', ala 1939 Germany, and lo and behold, the Chinese are already here, have already purchased farmland inside America, right around our military bases, courtesy of spy balloons intel, and they can spring into action to calm America's unrest!! yeay!! And they'll never leave, they'll take California which has been mostly burned, all the Republican areas that might protest, L.A. and San Fran are full of purple-haired Zombies anyway, so no protest there, and China will sail right in and walk all over us. America over.
The crashes of 1987, 2001, 2008, 2020, etc. have all been "solved," over years of papering over the underlying issues (rather than fixing them and holding people accountable that caused the problems), bailing out bad actors, printing trillions of dollars (which does not increase values, but devalues the currency), and lowering interest rates to near zero. Those are "1-trick" ponies that worked when the national debt was $1 trillion (1980s), $4 trillion (2001), $9 trillion (2008), or $20 trillion (2020).... Also notice a trend, major market collapses are happening more rapidly. From once every few generations (1929, then 1987...) to now once every decade on average. And that goes for major industries too that we have bailed out: Airlines, banks, insurance, auto makers, etc. All very fragile. As our debt balloons north of $35 TRILLION, about 10x greater than in the year 2000, and very soon to be $50 TRILLION, we cannot print more money and we cannot lower interest rates to get out of it. This accelerating pace of debt growth is mathematically and economically unsustainable. I'm unware of any model that shows how it can be repaid, and default is an inevitability.
I believe the dollar has lost something like 99% of its value in a century. There's soon not enough money in the nation to tax our way out... Debasing it more will not help Americans or the economy or the debt. Instead it will accelerate everyone dumping the dollar and the US fiat collapse. Default and reset are imminent. NO WAY TO IGNORE IT.
Yes. I remember the gov saying in 2008 economy bandage they said it will come full circle in ten years or so and there's no possibility of a fix this time around.
Kicking the can down the road...this is why we are where we are.
Then a major war( Iran, Venezuela ) in order to gain ‘new’ territory/ markets; also probably a world war.
What happens when you allow a certain tribe of people to own your banks
Like someone said, it's not Maga, or liberals. It's TOO MANY OLD PEOPLE. The boomers borrowed way to much
I’m not interested in what is going to happen because - I’m on the losing end of the economy. My hubby works 7 days a week. I run two businesses and we just get by. In the past that was considered well off- now it’s a living wage. At least where I live. Rent is about 2500 to 3k in my state. Houses are about 600k. Explain how anyone can afford these numbers at 150k per year. Plus all the bills I pay every month. I have tried to cut our things like insurance, get rid of certain things- but some bills are mandatory. Insurance, light, gas, car, and phone for work. It’s like you are getting screwed all the time. Tell me I’m wrong. Where is the extra money to invest?
150k a year. I said the same thing making a net 400k being single. It's lifestyle creep. If housing is too expensive live alternatively, etc. Time to get a used travel trailer and save save save.
Do you remember the term “company store”, where workers would get paid in company coupons to spend at the company store for goods. Our dollar is now the “company store” coupon where all our money goes back to the corporate government. We pay a monthly fee for everything, for cell phone, rent, water, and everything to just live. Like slave labor, and they get to live off our backs. History repeats, it just comes in different forms.
You should minimize your expenses. Live very modest until you investments make more than you. $150k is great and I understand completely where you are coming from but keep educating yourself on investing, reduce your expenses, and monitor your income. For most people patience and discipline is hard. I was crazy broke as a bus boy and lived cheap for over a decade and now have 7 figures invested in an array of assets. I of course got a better job but my income never was more important than my investments. At this point anything I make goes directly to investing. Stay focused on the goal and stay in the marathon.
Just know you’re not alone friend.
My wife and I make 100k together, we are making it.. It is all about being frugal. We don't need most things that they are selling to us
As a beginner in investing, I'm really unsure about what to do next. Should we pull out of the market, or are there smart moves we can make even in this downturn? Any advice would be greatly appreciated!
I’m not sure if I fully buy into the whole dollar collapse theory, but it’s definitely got me thinking.
I was lost with my finances until I started following Kristin Amy Rose’s guide. She offers clear, actionable advice that’s perfect for beginners.
I’m just starting my investing journey and this video got me thinking about risks I hadn’t considered. Hw can I reach the advisro?
Just look her up
Get the app that tracks Nancy Pelosi's market investments and short sales.
Alledgedly, it moves your investment to mirror hers.
Don't know what it's called.
Family value is important. It sustains individuals in difficult times.
Nobody buys #Gold to get rich, we buy it to STAY rich.
I actually believe the "buy gold" thing is ridiculous and just part of the plan. Wait till it gets banned again and confiscated. lmao
Store of value
Gold has never made me rich. It goes up and down like everything else.
Precisely. Peter and his clients are already rich, he does not care about poor people trying to become rich, hence his BTC bias.
Yes, yes
I do agree with Peter that if the currency collapses, the government will become totalitarian
it works even better in reverse
we’re transferring the wealth to a relatively few with large government contracts and the banks
….and the owners of the mega tech compsnies
U.S. has the Federal Reserve System which is a quasi governmental private consortium that indebts the federal government. A real central bank doesn't do this. Foreign central banks are real central banks. The Fed is a different story.
@@JM-gu3tx the fed : money printer go BRRRRRRRRRRRRRRRRRRRRRRRRR LOL
The direction of the dollar devaluation doesn’t seem to be changing so have to prepare for it every day. There’s a target on the middle class’s back
Not just the middle class, it’s just that the middle class is just beginning to be affected is all. The lower class and the working class were always being screwed. However now the elite simply cannot steal enough to please themselves any longer, without stealing from the middle class as well. What a freaking joke. Especially since the middle class have been screwing the lower and working classes forever, thinking that they are so far above the working class. Have to say I don’t feel even slightly sorry for the wealthy f’s who’ve been lording it over the rest of us for the last 50+ years. All those suburban soccer moms and dads deserve what they are about to get, and some. The only shame is that it will hurt those of us who have actually worked for what we have. Unfortunately to even things out we all have to suffer for the greed of the elite and middle class.
Yeah especially with Brics plus on the horizon
What middle class?
That is the fear that is running you. Join a small farm community and the shared fear will become jointly manageable. Can they take your farm, food, creative talent?
It will continue to contract for most likely the next 30 years or so. As emerging markets grow and as Americas share of global GDP declines, the US will slide into a 3rd world country. Some say we're there already. There's no going back to the glory days of post WW2. Unless something horrific happens.
To one of Raoul’s last points about Americans being unique about “preparing” for the future: Historically America has concentrated a tremendous amount of unique personality traits with people immigrating en masse from all over with a preference for independence, self reliance, a preference for freedom and a need to not be told what to do because they were resistant to gov’t repression in their home countries. That takes a special personality trait of courage and sacrifice to follow through, moving to a land without much security for the absolute need of freedom. While it may look like those people don’t exist in America anymore, just wait. Those people are just waiting until they are really needed. We’re all just letting the children try to figure it out before the parents come home.
Doomsday prepping is not an American thing. America isn't the only country that fear the future right now, I'm in the UK and everyone knows this is unsustainable. That guy was just bitcoin shilling the whole time.
Unfortunately greed is what caused this
Greed or incompetence??
@@ManiacalManiac both
Yup Central Bank Greed is what caused this
Money and profits are the priority in this system. Money is considered more important than our physical and mental health.
Its a systematic issue. Every system works exactly as designed.
I'm not worried because all my money is tied up in Beanie Babies...
Ha ha 😂
Wen Lambo?
LMAO
Smart
I was being silly.. The situation is serious. Prices are not going up so much as the value of the dollar is going down.
🙌 From an outsider perspective, I'm sitting here in india, let me tell you frankly, Americans lives in this dreamy world more than reality and have unrealistic sense of life, until your government was printing dollars left, right and centre the average American had this kind of a behaviour that they are some kind of superpower and lives in this dreamy land forever, but in reality U.S is going to sink in very big bad way, and I'm saying this from far away, your media is nothing but a literal propaganda tool of your government, and made many generations of Americans believe what they listen or read till now,
And let me differentiate between rome and the U.S collapse, during rome the world has many other civilizations like Indian (still we practice our culture similarly), Egyptian, Chinese, persian and many other cultures so even of the Rome collapsed it was a big event for the europe but not for the rest of the world,
Whereas when it comes to U.S, it is nothing but a continuation of the British empire where the headquarters have shifted from London to Washington, and U.S made this Unipolar dictatorship world with its currency and so many regime changes and military attacks that, when U.S collapses, I think whole world will be effected, and it will really hit bad that it will be written in the history. Im not saying bad things but that is what your government did And the first ones to leave U.S would be your "so called politicians and elites", probably to another country and the rest would struggle. So there is no option left i believe, U.S went way too much into everything with everyone that there is no turning back, and comparing with on going events it won't happen slowly for the decades, I'm thinking maximum by the 2026 to 2032 it will happen. Thinks are happening way faster than you think. So from inside U.S the thoughts must be optimistic but it's not.
Robotics may be the answer but the top 1% will own them.
Exactly right. About 5 people will own all the AI. So who cares about GDP? The only answer will be tax the 5 people with AI and live on government handouts. Life is going to absolutely suck.
😂😂😂 stupid outlook and that not how decentralization works@@Paul-zu2hf
@@Paul-zu2hf And those 5 people will control the gov anyway
Raul - every time you stop negatively characterizing Peter with your questions, and allow him to answer without your incessant interruptions, you start “rat chewing” your pen again when you are schooled over your ego nonsense - quit being so defensive - quit attacking Peter, and say something that will stand on its merit which you have incapable of doing!
oh come on. he listened loads
Peter schiff fan boy spotted!!
hes insecure and afraid that he made the wrong investment
u need to look at peter and realize that he’s been saying the exact same thing for well over a decade at this point. all the fanboys over here married to their gold like it’s the only thing that exists. gold hasn’t done really anywhere near what it’s supposed to do. peter has been giving s t advice for the last 14 years. same message year after year. “the crisis hasn’t come yet, nope not yet.. they kicked the can down the road” peter is married to his idea that the world is still trapped pre digital. this time is different in the sense that what we are living in has actually never happened before in the history of humanity. humans could not connect around the world w ideas in real time. people from all over the planet could watch this right now, and have a real time dialogue w each other. take that and apply it to the idea of new assets that do the same. that has never happened before. if i was in the interview i would have disregarded peter as well because he has the same message year after year and only new excuses as to why what he claims is not happening. he’s coasting on everyone d k riding him for the 2008 that plenty of people saw and they are not permabear gold obsessed. im sure we go back to gold in some form for backing but it will most likely be a massive basket of things not just returning to the non digital world only. the world has changed and peter refuses to see it.
@@wolf-yw9wk Are you insane! Gold from $250 to $2500! Where you been slow-trad? Quit huffing the airplane glue you dope! Gold is headed to $3000/oz next! Eat your own words Dufus! Bwahaha!
'We don't want jobs, we want stuff' Partially wrong. We want to feel like our lives have purpose and meaning.
Jobs have nothing to do with it.
We have plenty of jobs.. Debt has zero to do with jobs
It's so rare that anyone gets that feeling from their job, why even mention it. It's gotta be less than 1 in 100.
Not jobs and not stuff. Yes, we all want meaning! And that includes family, career, a life (home, hobbies, peace). And, I’m telling you the current system DOES NOT provide a path to this. Our current systems are a series of scams at their cores, and this is a cancer on society that degrades us as humans except the very tippy-top on the economic level.
Until this core-rot changes, true fulfillment broadly across society is a mirage ……
Sounds like a person who's never been a volunteer firefighter. Or donates any of their time on a weekly basis. If working give u purpose and defines u that's sad 😂
Nah, we realize it alright. There just isn’t a damn thing a normal person can do about it.
Decentralised and hard assets are ways out but gambling will lose us everything
Budget hard, buy assets like precious medals or crypto. Save and wait for whatever crash is coming and buy it up. Not fun and definitely not easy but that’s how to do it
1) need to create organization and economy separate from US dollar, 2) need to prepare to defend against sleeper cells and ground invasion likely from BRICs et al countries.
Can't eat gold when the system does collapse @@jsantuccimmy
@@jsantuccimmyThe avg American is just trying to get by… no money left to be able to save and ahead.
This November elections might really take a hit on the stock market, how can I invest my 250K cash saving to capitalize on the market crisis?
Knowledgeable Investors know where and how to put money during a crisis in order to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage these market conditions
True. A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k
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impressive gains! how can I get your advlsor please, if you dont mind me asking? I could really use a help as of now
My CFA ’Giselle Babilonia Cantada’ , 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 the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Very interesting conversation. Peter states that “people don’t want to work, they want things”. I think that this is the biggest danger about AI. People need to work. We need purpose. We need interaction with other people. AI threatens our current structures.
Our purpose on earth is to work. Work to feed and house ourselves. There is people who think that they will be happy doing nothing. It's bullshit. Woman are the only things that can just sit. Men are not built that way.
If things go well, it will be better than we can imagine right now. Everyone becomes an entrepreneur in this world. Just think of the endless possibilities offered by going into space. Nevertheless, we still have to go through the shoals of the dollar collapse first. But we can also profit from this.
Agreed, without purpose we will fall. I certainly hope everything is fantastic with AI, but I'm realistic with my expectations for humanity. A huge change to the way we live and just the loss of purpose will have massive negative impacts that outweigh anything positive from AI that I can think of and I'm not a hater of AI, I'm just being realistic. Also the way it can be abused is very concerning, we already live in a bifurcated society with everybody getting news sources and other information from all different outlets ans social media. That's already divisive enough as it is, I'm not saying it's good or bad but there is no unity like before. Everyone has their own worldview rather than accepting reality for the most part. AI only exacerbates that problem, I'm very concerned with this massive societal change but I do know it's inevitable.
Raoul Pal doesn't seem to care if people starve because they can't buy food. As long as he is rich, there is no problem.
Pretty obvious that he’s a psychopath.
Rauul Paul is in some delusion. He actually thinks it was all the old people who borrowed so much during the years of nearly nil interest. He also thinks AI can do what people do. He should lie down in that bar and keep drinking. . AI is anti-human Raoul you live in a dark room without birds and trees.
Because most people are useless eaters don’t you realize?
He's a genuinely awful human. We knew that before this interview though.
Perhaps his silicon based AI (robots) will find him, a carbon based unit, to be an existential threat, as most Progressives believe.
Three years ago, nobody could have foreseen the current state of the U.S. dollar. The U.S. continues to repeat the same mistakes that have led to the dollar's current situation. As a result, there's no guarantee that the dollar's future will be as bright as it's hoped to be.
Having a mentor is my personal recommendation. It seems like a good bet if you have limited market knowledge, but I'm not sure where you'll find an experienced one.
The problem with Raoul’s thesis is, when it’s all robots. Who buys anything? Sure there’s a transition phase. But eventually people replaced by AI = everyone unemployed 😢….
And government send you a check so you can spend a little bit
You will own nothing and be happy.
Charles Schwab
And somehow we are supposed to reduce emmisdikns when all the robots use electricity, so all the people use up resources while there are millions of robots on top of that using power and somehow that uses less energy.
And all of those unemployed people will not be sitting around collecting UBI, painting on the beach. They will not pay millions/billions to sit on their bums painting. They will need a massive depop.
Raoul is seeing it from a rich person's perspective
Start buying physical gold while there is still fools out there still willing to accept the dollars.
I take what the gold salesman says with a grain of salt when it comes to me buying gold.
@@markaja2 not a bad idea to park some money in gold and silver. I also have a slug of BTC. I'm spending my surplus money on those things and building up a supply of food/water/backup power etc. Our government is incompetent. IF the SHTF in a natural or manmade disaster, I want to be able to pull myself and family thru to the other side.
@@cherubimcherubim9515 and a dirty man's safe!!!!
@@Garden-offgrid wait for the crash ... As they devalue the dollar, pound or euro it takes more of that worthless currency to buy the same thing
@@Garden-offgriddo t go too heavy into something that can be taxed. A home or productive real estate maybe. But be careful. Don’t get attached to any single asset as a life raft.
Property can become worthless in trade value in many scenarios. Sadly so can gold in short term, but it has a way of coming back time after time.
Tom's questions are brilliant -- succinct, relevant, perfectly timed...
The problem is our elected leaders are way too comfortable spending orher peoples money. They dont start out that way, it takes a few years, but eventually they cant help themselves.
We need term limits now!
There is zero chance we get term limits without first a revolution
Biggest deficit spender ever was trump. So far biden has done a pretty good job balancing the books.
The figures on deficit spending are publicly available if you just want to look at how much money different administrations spend without raising the capital from somewhere (i.e. how much debt they add).
I think most Congressmen are compromised.
INSERTED LEADERS
Term limits do nothing. Bureaucrats are not elected.
It's almost frustrating having to listen to Peter explain Econ 101 to this "drunk" English guy sitting in a bar.
That's his conservatory.
Peter has made a fool of him many times in the past. The guy is oblivious to his ignorance. Never trust a guy with more sh-- on his wrist than a woman.
Schiff Rocks… Tom, start paying attention and quit being a fool! You are known by the company you keep… get rid of the goofy hats and black shirts - then there’s hope for you once you load up on Gold… sheesh! Why do you think the central banks are loading up??? Quit listening to Raoul Pal - THINK!!!!
"get rid of the goofy hats" = AMEN TO THAT!
We all agree with Schiff.
I work because I like to work. I don't care about materialism. This world is hell for people like me. So much gets in my way.
When I heard the rich guy say that, I completely understood how these elites are completely out of touch with humanity. Everyone needs a sense of purpose. Work fulfills that human need.
Love my job!
Very good comments by Peter Schiff. It's never 'different this time'.
Schiff is right, Raoul is a clown.
You sir are correct! I just said exactly the same thing elsewhere in these comments.
Yeah what is he talking about half the time? It is pure ego talking
The way Raoul talks to Peter is so disrespectful, he should listen a little bit.
💯
Trying to do therapy with Peter.
He's wrong about everything and he knows it.
Peter is so full of shiff, its no stevie wonder really.. 22:02
Yep, Raoul just regurgitates govt propaganda
I liked Raoul Pal,s challenging Peter Schiff but agree with Peter.
As Raoul Paul has Indian parentage, he should be asked to go to India and change the mentality of gold there and get Indians to instead adorn their bodies with USB sticks with bitcoin data within them ! What success rate will you get Raoul ?
It is not what you own, it is what knowledge you have that is in demand. Can you teach farming, construction skills, AI maintenance, robotics, the creative process? Can you teach a lifestyle beyond fear?
People dont trust btc because it is not tangible. Get over it. True wealth is tangible.
Game theory will take shape. Those who will choose to adopt this thing called btc idk but I'm certain government will give them no choice. Time will fix it.
Y would they listen to him?? They don’t listen to their own. They’re like cats. They don’t listen and always do their own thing.
@@nighthawk5301 Saylor is a visionary MIT genius & is orders of magnitude smarter than you (& me) - he put his money where his BTC mouth is & then some!
Saylor has previous too. He predicted the analogue to digital revolution 15 years ago & he's given you the info for the next tech revolution. Your move, Sport!
With all these re-uploads, I have finally decided to unsubscribe
I never saw it.
We are really going to miss you.
I ain’t missing anything
Maybe he wants to take a vacation or he is making new videos 😉 geez give him a break 😏
We need a line item veto.
And we need to constantly scrub our budgetary expenditures to reduce all the bs expenditures.
Peter Schiff is just head & shoulders above others... period.
Yow, Dude - next time your toilet is clogged, get AI to fix it for you! And when your electricity goes off, get a robot to fix that!
Raoul talks crap for the most part!
Yeah someone has to fix the ai once it goes crazy 😂.
I'm glad I'm not the only one calling bullshit on his AI/robotics nonsense. I see his point but I don't think it's gonna save the economy. Production may go up but when you have people's jobs taken they will need to get paid through the government. Which means more government spending, he really thinks AI and robots are going to make so much money it won't matter but there is no way to actually know if that's true or when that would be. It's certainly not something I'd count on happening to fix the economy, especially in 5 years like he said. I feel so many issues will arise when/if AI gets to that point and the economy will be the least of our concerns.
In 2030 it likely will be that easy.... Thats 6 years from now. Lets see, I bet Raul is right
@@JG-lo1vbhe didnt say they are going to save the economy, he said they are going to double the gdp, and then he has no idea what the economy will look like. I think he agrees with everything you just wrote.
Thank you Tom for not interrupting this important discussion 👏
It started in 1982. That is when the dept started doubling every 8 years; two presidential terms. The justification differs but the solution is always the same; create more money. The system cannot make difficult decisions.
We ran a budget surplus during Clinton’s administration. But it’s like Raol Paul said, it all started in 2008 when they levered the debt load against the value of the US economy. However, in all fairness every country on the planet does this now as well and most countries are in a far worst position than the USA. It will only be if the dollar loses reserve status that everything will collapse.
@@RyanDLoLosorry , the debt was not paid off during the Clintons. It barely went down at all.
It started when we overspent during the Vietnam war and the war on poverty and the world started turning in their dollars for gold. Then Nixon closed the gold window and the road to debt hell started
@@tedkrygoske535 you’re right, we ran a surplus and were paying it down but it was not paid off. I was thinking of the defecit, my mistake. I do really think though that everything changed with MMT and 2008 because that was when it was really pushed forward and private losses were publicly subsidized
@@tedkrygoske535 very good point
"Sillä pahat hävitetään, mutta jotka Herraa odottavat, ne perivät maan. Hetkinen vielä, niin jumalatonta ei enää ole; kun hänen sijaansa katsot, on hän jo poissa. Mutta nöyrät perivät maan ja iloitsevat suuresta rauhasta." - Psalmit 37:9,10,11 - Raamattu 1933/1938
Kittos Jesus
it's interesting to see Schiff and Raoul Pal debate this together! Great
Peter, "you said it right when government HONESTLY REPAID THEIR OWN DEBT" thats not happening. They want to come after WORKING STIFF CITIZENS and raise our taxes. I think our state has a wheel tire tax to put your tires on road. All taxes, food has increased, no one can afford to live in America. Were not in Monaco, France 100% tax free.
Inflation is a tax, fraud
But, inflated pricing is because of Corporate greed! Big companies are reporting record profit. Don’t you think they should bring their pricing to consumers lower?
That's the part you not understanding. The money is completely devalued. There making more dollars. Everything is 40 percent more expensive. Of course there getting more dollars. Still don't mean it's worth shit.
Tom, you are actively working on being the best version of yourself. I think that's the best way to serve.
And you serve society beautifully...Thank you.
He nailed it. I remember 2008... America shut down. I remember there were not even commercials on TV.. only PSAs. For months... It was crazy!
The amount of debt doesnt matter, what matters is when the other countries lose trust in the dollar. Which has already began.
Exactly then we run out of business..scary times
Mainly I agree with Peter Schiff.
Why? Bitcoin is going to the moon!
Raoul Pal says , "..too many old people"!! I don't quite know what he meant, but I don't appreciate the insinuation. We old people didn't invent the world we were born into. We played the cards we were dealt by fighting ww2, Korea, Vietnam, and dying doing it, coming home and raising our families, and all the things involved in living life. Now we have a different paradigm passed on to the current generations and all have to deal with it. Blaming the older generation of laymen and women is wrong. The political class made the laws we all have to follow and live by, so I feel there's plenty of blame to go around.
Don't take it personally. It's macro analysis. Half of all government spending is on people over 65. The rest goes to the military and debt servicing. The youth are being destroyed.
He speaks of the entitlements that create the burden young people must pay for but will never benefit from. He isn’t taking away from all the good that came from the older generation but is only highlighting the federal obligation that were voted in during that generation and the number of people receiving those entitlements
Not quite. The boomer generation is solely responsible for the social end economic disaster we're in. They spent all the money of the great generation and took out debt on every generation after them.
@@michaelgoodrich5309 NO ONE is elected - been selected since 1880s - this is all happening by design. OLD people did not cause this - those who make the rules and control the game did. Reading some history reveals all the facts needed to see the truth.
@@clintdarquea3719 That's an angry, offensive, naive and over simplistic view of a complex set of circumstances and concepts we all struggle to make sense of in hindsight. To resist the blame game is difficult for you to sort through without picking the low hanging fruit so long as someone else gets the full force of your position, well I reject it and there's that.
Another episode of "it's the old people's fault".
Because it is.
@@captiveamerica1776if thats the case it goes all the way back to the start of humanity correct? The elite masons what ever u wanna call them had this all planned mate i noticed all this at an early age but was made out to be off my head all history is bs school systems bs u name it only way to stop it is stop us mear mortals having ago at each other and all unite as1 and go at them now iv said that il end up like other ppl that speak out against them il probs end up dead or made some what none existent
It is. First generation ever to hand over lower expectations to the next generation
AI needs energy that is not going to happen by 2030 in West
Who else could it be? Are you claiming that children ruined the economy?
Thank you Peter! You're honesty is appreciated
I'll listen to Schiff, not sure about that other guy.
I listen to Schiff for about 25 years now. However, he does not make you much money. His funds are not great performers.
Amen. I am pretty sure his EuroPacific fund is the only investment I list money on between 2017 and 2020.
@@carlwide6594 Or just not as rich, but protected. My investment in bars of Dial soap has paid off already considering how much they've gone up in price and I don't owe taxes on any "gains" when i take a shower. It's not that I'm out of the stock market completely, but I keep it balanced with real things. There is no counter party risk with my gold, silver, or soap. 35 Trillion in debt with an additional trillion every 100 days. Let's see where this goes.
Rerun?
It's a clip from a previous (longer) episode.
Nice interview. Tuned in to listen to Raoul. He's making some good points on being able to identify and consistently challenge one's own biases. Where I disagree with him is the notion that doomsday prepping is somehow an American thing. It most assuredly is not. Doomsday prepping (which comes in many different forms) is most common in nations where the population largely agrees its government/central bank regularly resorts to devaluing the nation's monetary unit. Doomsday prepping is therefore mostly a function of the historical stability/strength of a nation's monetary unit. I assume if you were to go to places like Venezuela, Zimbabwe, Argentina, and Turkey, you'll find significantly more doomsday prepping than in the U.S., and for good reason. It seems to me hyperinflation is related to a lack of independent central bank decision-making combined with an ambitious (corrupt?) government. To the extent a central bank is truly independent from government, a hyperinflation outcome seems unrealistic to me. The questions: is the Federal Reserve truly independent? If they are, does this have the potential to change over time? At the margin, is the independence of Federal Reserve decision-making currently increasing, decreasing, or consistent? Good day.
Anyone who continues to “force behaviours “…….. is going to have a bleak future if a future even at all. It absolutely will happen and there’s nothing that can be done to stop it.
It's not a problem if you know what to do. Buy assets that gain value in proportion to the inflation. Markets are HEAVILY manipulated. When you can print money and the law allows the government to do it, the manipulation is rampant. Gold and silver are the primary targets if this manipulation because they are the classical signals of true value of the currency.
They used to be, yup.
What's the best way to buy gold? Does Tom have a video on that?
Raoul Pal! To have robots and AI, you need plastic's (oil) and mined conductive metals and electricity, its not infinite!
Has oil ever ran out, name me one time ?
It's not infinite but we won't run out any time soon. Plus synthetic oil is already being made.
I realize it
What you're talking about happened to Japan. The debt of Japan is 2 and half times more than their GDP. They've been at almost zero interest rates for decades and they can't get out of it. You can only fix your broken car so many times until it becomes unfixable and in the end its almost worthless and sold for scrap.
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last month 2024
Family value is important. It sustains individuals in difficult times.
🤯Wow that's huge, how do you make that much monthly?
I'm 37 and have been looking for ways to be successful, please how??
Woah for real? I'm so excited. Sonia Campbell strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started...
Sonia Campbell was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Sonia campbell.
Sonia Campbell concept is key in beating all odds to excel in this form of online commodity. Her management team is quite impressive so far! With SUK made a profit of over 28,863 dollar
If you dont hold it you dont own it.I agree with peter. Bitcoin has multiple party risk and can be monitozed and confiscated. Gold is a tier 1 asset with no second party risk and can not be monitized or confiscated if held properly.
Wrong gold is just like crypto you don't actually own it you own paper gold and if you wanted your money you would have to sell it just like you sell crypto so know you can be manipulated and there can be a catastrophic loss in gold as if their files were compromised or any 😊 firm you had it at was hacked your files could be completely deleted and you don't own anything....
Executive Order 6102, May 1, 1933, required all Americans to sell their gold to the US Treasury at a set rate. In 2024, all assets are tracked, including those you hold.
Yea that’s the dumbest comment here. Gold has been confiscated many times.
If all your BTC is in a cold storage drive the only way it can be confiscated is the same way they have confiscated gold in the past and the same way they size land in compulsory purchases. The government demands it in law and if you don't hand it over they send men with rifles in to take it by force.
It's rare for such a thought provoking discussion . Thank you all.
I had a conversation with a coworker, he was talking about an estimate of his monthly social security benefits once he hit 67. But I told him it's unlikely SS will be solvent enough to pay that. After decades of politicians raiding the Trust Fund. But when a debt curve breaks the model. You get the Delta, rate of change perhaps moving as fast as the expansion of the base number. There will no tax hike or interest rate hike that will keep up with that inflationary curve. No debt costs spiral will stop spending and printing in the Fed and the Treasury Department. To stop is let the air out of the balloon completely. The end of the system, which will go back to the origin or zero point on the graph.
One needs to look beyond the symptoms of dysfunction because fixating on this prevent thinking critically about root cause. It’s important that people look at this space holistically. It’s important to understand that none of this is by chance or accident.
People focusing on the tiny cracks and ignore the bulldozer
Irwin Schiff...was on a Local radio talk show..1990s..I talked to him..Social Security Ponzi deal.
Is this why Bitcoin miraculously appeared at the same time the system broke?
Yes it was invented to not have to rely on banks. Now banks are buying it
The system has been breaking since Nixon stopped the gold backing.
@@MikeVeracity Nixon didn't stop the gold standard, FDR did. Nixon stopped foreign governments from draining our gold reserves. The idea was that if the American citizen can't exchange the dollar for equivalent gold, why do we provide that service to foreigners?
How is bitcoin better than any other currency in this world. It is based on nothing. Maybe the US dollar is a problem because of the debt but at least it is based on the value of the US economy. That is much more than bitcoin.
Yes, it was a direct response to the 2008 crisis, satoshi literally says that. Not sure your age but it was a massive thing, huge protests of "the 1" and occupy wall street. And nonone was had accountbale and the system was "fixed" with band aids and duct tape. So satoshi et al created bitcoin. And it was maybe the greatest invention of the century.
Great discussion.
Do you want to face the tsunami, or keep your back to it?
It will continue until producers stop accepting dollars. Until then it will go on and on and on. We don't need AI to increase GDP. We just need to remove government interference all of which just impedes prosperity.
You betray a profound lack of respect for the complexity of the situation
AI is a net negative on a long enough time line
It's a huge lie the banks and Wall Street are depending on to gaslight market investors. Because the market is a huge lie as well.
My job is repairing CT and MRi machines. Chillers HVAC) are included included in our contracts. The job is insanely technically diverse. Silver soldering, computer bios, firmware, programming, hacking, mechanical, electronics, diagnostics. A.I. has been involved with this job from 1980s. A.I. forces you to do more diversity of skills to keep your job, to give value.
🚨BANK RUN SEASON🚨
Been hearing this for a 10 years . I wait still haven't happen and won't
@@cultleader3572 if I had a penny every time someone said "Been hearing this for x amount of years" I'd be a millionaire. eventually it'll be true, so STFU
It started in 1971,it was impossible for the USA to default on there agreement to hold exactly 1.1% of it’s economy in gold (8800 ton) because they and they alone had authority to set the price of gold to be exactly 1.1% in which the other 40 plus’s countries based there currencies i.e Canada held 1100 tons of gold to keep are dollar at par where as England held twice that amount mainly because there a importer and exporters of money financing.
Can you expound more on this?
@@Learner5555 Nixon and his hand picked fed chair temporarily suspended the USA dollar being backed by gold is a lie perpetrated by the private banks ,where you see the dollar go from worth 1/37 a ounce of gold in 1971 to 9 years later to 1/500 a ounce of gold all because of a lie .
@@Learner5555 Richard Nixon temporarily suspended the dollar from being backed by gold 1971 then he a congress de-criminalize owning gold by the banks legal again 1973 ,1975 made the dollar permanently not backed by gold.like pigs a trough the dollar went from 1/37 a ounce gold to 1/500 a ounce of gold 1980.
31:33 made me sub, u a good person tom. I cant believe dude asked u that like that. "Ohh yull be alright"
Slow government spending to slow inflation!
Stock market would crash. Where do you think this money going into the markets is coming from. Its all fueled by Govt printing more and more money. That money ends up in the stock market eventually. It why Stocks are considered an inflation hedge. Its a self fulfilling prophecy.
Things appear strange right now. The value of the US dollar is declining due to inflation, but it is increasing in comparison to other currencies and commodities such as gold and real estate. As someone with retirement funds I'm concerned about the impact of inflation on my savings,I hit $31k today, I am truly grateful for all the knowledge and nuggets you have given me over the past few months started with $11k in few weeks.
Flnancial planning is about more than just reaching a specific flnancial milestone. It's about figuring out how to generate income, manage expenses, and maintain your desired standard of living throughout your retirement years
What assets did you invest in and how did you achieve so much within a such period of time?
Please can you leave the info of your Investment advsor here? I'm in dire need for one.
Clara Brandon
She's mostly on Tele....
What is he referring to @8:45 ? Old people borrowing money...?
Income tax doesn't go to the government it's a tribute to the owners of the private corporations the IRS and The Federal Reserve owners.
@@earlsciambrajr.841 all to support war overseas!! Or the right of abortion overseas....to support whatever overseas
Energy is NOT infinite ✨️
I don't think that the robots or AI are coming to save us. My experience with automation has been that It's very unreliable. I worked in a wind tower factory that used PLC controlled hydraulic trunnions to position and move the steel rings that the wind towers were constructed from as well as partially automated submerged arc welders to run the cap welds on the inner and outer diameter of the rings. Even after the decades that we've spent trying to automate our workforce we still had to fit the rings and run our root welds by hand and on top of that our machinery was so unreliable that at least a third of our time was spent trying to make our machinery work correctly. Now I'm in college working towards my Industry 4.0 certification and honestly, technology hasn't come very far since I was a little kid and they were saying that robots were going to take over the world. We have very clearly hit a point of diminishing returns at this point and I'm sure that the supply chain issues that are going to continue to get worse are going to make automation much more expensive. Not that it matters because, clearly our money isn't worth anything anyway.
You can’t use human programmed robots from the past to try to understand the changes coming from artificial intelligence. Apples and oranges.
AI won’t lay the bricks, set up the scaffold, do the nice timber joinery, install the stone benchtops or even turn one stone if you want to build a home. This won’t change
I don’t know about that
The Oprimus Prime Robot of Elon Musk will be able to do it all. AI being the brain.the robot will be able to work 24/7/365 l( except for maintainance). It will do the work, pay for itself, prophit for the owner of the robot and pay a living wage to the displaced worker.
That's not a bet that I'd make lol.
Unfortunately it probablly will do all those things with much less cost than a human. They will be near the last tasks to be automated. But it definitly can happen
It’s not
Gonna climb poles and work on power line either
Been hearing that for decades
And it is getting worse. Expect now you can see a significant prices difference every 5 year. Do you remember what things cost in 2019, how about 2014, how about 2009, how about 2004?
@@HKashaf Do you remember your income in 2004, 2019 and now? It's increased, or you're unskilled, which is the problem.
@@sociolocomtsac 40k in 2004 went further than 120k in 2024 but if that don’t make sense to you then it’s okay, don’t worry about it.
@@HKashaf Nope. $1 in 2004 is equivalent to $1.66 today.
@@sociolocomtsac If the dollar devalues your "income" number increases, but the value decreases because things are more expensive. People today make about half the amount of money people in the 80s used to make when adjusted for inflation.
I'm swedish and we do think of stuff like this aswell, we have preppers aswell, maybe not as many as in the US though.
I don't disagree with Peter when it comes to the extremes the government will go to against the common people, but he sounds ridiculous when it comes to Bitcoin. I would LOVE for Tom to get Michael Saylor on here to debate Peter face to face on the subject. I think Michael would wipe the floor with Peter. I have nothing against Peter personally, but he sounds deranged when it comes to Bitcoin, as it's a MUCH better Store of Value than gold.
raoul is from goldman sachs, all he cares is about himself, people are stealing openly, home less are everywhere, all politician cares is to protect their job and power and all their policies are to protect their cronies, and normal people can do is wait and see
Thank you. This conversation really helped me put things in context.
I could listen to Raoul Pal all day.
He is well spoken and intelligent for sure.
@@Joe-ti7qd Well-spoken? No, he brutalizes the language continually, as if he is lost for words to express what he needs in a civilized manner. Instead, he needs to use an "f" word in every sentence. Very often, he is also wrong because he tends to exaggerate a lot.
Schiff knows a fuckload more than Raoul.
He does come across as smug .. that southern english ‘charm’ may work on americans , but he is just another blagger every where else.
@@MrDCMiami Let's put it this way: he does look like a novice next to Peter Schiff.
Tom - you need to beg Peter to come on your show each week to explain the basic 101 why to buy Gold and dump your cryptocrap scams! Thank you… and you are welcome!
Fantastic conversation 👏