Preparing for the Impending Great Depression: Strategies for Thriving During The Great Reset. Wondering about the right timing for stock investments? Curious about the timeline for a complete economic recovery? Puzzled about how some individuals are generating over $450k in profits within months in the current market scenario? These questions have left me perplexed.
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge
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.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
It feels the Govt are going to lose control this time. we are going to dirt level. On the brighter side I have to seek ways to stay on top of things, I wish to diversify my assets by investing in ETFs/index funds/mutual funds and stocks of corporations with stable cash flows. I received 350k from the selling of my El-Paso property. What should I do?
Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder
Right, a lot of folks downplay the role of advisors until being burnt by their emotions, no offense. During the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my portfolio has grown by 25% every quarter since Q3 2020.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "AMBER KAY WRIGHT" I've worked with her for 9 years and highly recommend her. Check if she meets your criteria.
Thank you for keeping us informed on so many levels. I feel like the more I learn about the low-income people of our country, the more my anger grows. Thanks Arleth. Imagine investing $1000 and receiving $5,450 in 3 days.🇺🇸
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
Market highs can sometimes be followed by corrections, but predicting the timing and extent of it is challenging. I've heard some analysts talk about a 'massive' correction. It makes me wonder if it's time to adjust my $2M portfolios or maybe even consider some defensive investments.
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
Lauren Marie Ehlers is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Don't fret, the debt ceiling always goes up. I wonder if 2008 crisis survivors had it easier. this could lead to economic downturns. We need to be prepared for potential market volatility. how can I secure my 250k portfolio against declining?
De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I’d also suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I. We've made over 80% capital growth minus dividends.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
*Jennifer Leigh Hickman* has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
We’ve been in a depression since 2008 it’s just been masked by low / zero interest rates QE and massive government spending Take that away and the private sector has been flat (which is shrinking when matched to increasing populations etc)
@@Etaoinshrdlu69 all paper wealth based on false (inflated valuations) pumped by huge debts, public and private When it blows millions are going to be in penury
I have been saying the same thing, since that time. And I was one of the only ones who predicted the 2008 financial crisis, and how and why it would happen. You are absolutely right though. Without the "QE", we would have already been in a "de-leveraging" which would have taken place in year 2008. The deleveraging never was allowed to happen, and instead "they' tried to inflate out of the crisis. This actually only made the problem much worse.
@@Etaoinshrdlu69 "wealthier" is an illusion. The only people who got wealthier is the ultra-rich and top '10 percentile'. Everyone else, even though the incomes and assets seem to be more, adjusted for real inflation, people are actually much poorer., For example, in year 1995, my wages would have been considered very low. However, I was able to rent an apartment, and have a car, and still live very comfortably. I cannot do that today, even though I make 3 times the minimum wage. The "wealthier" effect is an illusion which they are very good at selling to the average Joe!
I'm at 2 minutes and 15 sec, but I will keep listening to see if you have an explanation. You have challenged my belief system already by saying that the FED didn't do enough to fix the problems. In my opinion the FED helped cause the problem. I'll let you know if I bail.
Not enough government/FED intervention makes an economic downturn worse?? Bro, you are wrong on so many levels. Government intervention causes more economic turmoil and human suffering than anything else. Don't take economic advice from Canadian mortgage brokers.
A very interesting talk but I think that you're wrong on a number of items. For those paying attention they neither have faith in the government nor faith in the banks. You haven't mentioned that what we're seeing is the end of a major cycle that started with the creation of the FED in 1913 that created the debt-based system we're stuck with now. We're also seeing the convergence of a number of major cycles that didn't happen in the last great depression. I agree that this coming depression won't be as bad as the last one. It'll be worse. Purchasing power of the FED note is virtually zero. The FED note isn't worth the paper it's printed on. The FED is stuck between a rock and a very hard place. They've painted themselves into a corner and have no choice but to let this whole corrupt system implode and then try to build a new one from the ashes of the old. They want to try and force a digital currency on us when this current system collapses. Whether it's a CBDC or some other form of government digital currency. The government is lying about inflation and it's much higher than what they say it is. They can't raise interest rates and they can't lower them. They're stuck. And the government keeps sending billions overseas on lost causes. We have at least 3 wars going on right now. Haven't heard much about Yemen on MSM. Last I heard there was still a war ongoing there in addition to the ones in Ukraine and the middle east. The US has over 800 military bases spread out all over the world. And the cost to maintain it's present military is astronomical. All this costs money and it's unsustainable in the long run. Every empire collapses just as the Roman empire collapsed and what we're witnessing right in front of our eyes is the collapse of the American empire and the collapse of the American dollar. The dollar is done right now and when more countries join BRICS and stop using the American dollar as the reserve currency of the world that will only help to hasten the collapse of the American dream. And to add fuel to the fire if you look at the US debt clock you'll see that the M2 money supply YOY is negative almost 60 billion. The best thing people can do to prepare for a dismal future is to take as much money out of their bank accounts as possible and only leave enough in there to cover a month's worth of bills plus 10%. If possible pay down your high interest debt as quickly as possible. And most importantly beans, bullets and bandaids. Stack to the ceiling.
Yep, exactly why the movie "The American Dream", the one I watched back in the early to mid 2010s explained it very well back then. Since December 1913, this currency is on a ticking timebomb to dictatorship with the constitution and bill of rights completely destroyed in favor of a dictatorship that's just as bad as Russia, North Korea, Venezuela, and Singapore combined.....It's truly sad to see a country like this fall to shambles, and only the citizens are going to have to fight against the communist government, or be outnumbered by millions of soldiers who believe the US is still there, even if it collapsed and such.
Deflation is when consumer and asset prices decrease over time, and purchasing power increases. Essentially, you can buy more goods or services tomorrow with the same amount of money you have today. This is the ***inverse relationship*** to inflation, which is the gradual increase in prices across the economy. ... please Google the definitions yourself before replying.
@AUL "This is the mirror image of inflation..." The mirror image of a chart going up is still a chart going up. A mirror image is not the opposite. For example, the opposite of night is day, but the mirror image of night is not day. Similarly, the opposite of prosperity is poverty, but the mirror image of prosperity is not poverty. If you aren’t convinced, ask a rich person if he sees a poor person in the mirror.
Which you can’t have in a debt based economy. We are not backed by gold anymore. It’s a Ponzi scheme and the only thing keeping it going is people haven’t realized their paper is backed by nothing
No inflation is not prices rising. Inflation is the increase of money supply and credit. And due to that increase prices rise. The natural movement of capitalism is deflation. Things become cheaper because we become more efficient at producing things. Your iPhone 15 in 1980 would cost millions of dollars to produce with that technology now it’s a fraction of that and accessible to most Americans. Deflation in the natural order of things. Govts intervene and print currency causing an increase in prices.
the reason why 2008 in USA didnt become a depression, is that Canada bailed the US out! True fact. I know personally one of the bankers on the team who was working on that.
Why did people borrow to invest? Why did the average Joe sink all his wealth into risk? Look at the interest rate chart for the 1920's. I'm bailing on your video because I think you are missing too much. If I am wrong or misinformed, I apologize.
Its actually well known that one of the biggest causes of the great depression was burrowing to invest into the stock market. Lets say you could burrow for 5% - 8% but you could get a 20% return. Why wouldnt you do it? Of course its because of risk! Well what if you didnt know about Risk? What if you didnt know the stock market could crash 90%? Your telling me you wouldnt take out as much money as you could to invest in bitcoin or nvdia? Stocks only go up RIGHT? Or are only bears watching this channel? My point is what happens when you are so in debt or leveraged when all of a sudden the market rotates and you just lost 5 yrs wages in 1 hr? maybe that day you lost your house? Maybe by the end of the year you lost everything you had invested because now the bank is calling in the debt (Margin calls but back then it was where they actually called you and told you they wanted their debt paid back!) But you had already sold everything you had, plus the stocks, but it just kept getting worse! things worked differently back then! You owed on the margin of the stocks till paid in full. Meaning as long as the stock was dropping you were still paying on it. A little different on a margin call where you get sold off and then can pay it back. This is why you hear the stories of people jumping from roof tops!
For the most part everyone around here is looking poor already. I'm seeing more and more cars around with expired inspections, and neglected repairs. And a lot of them fairly late model. I've also seen a couple of huge construction projects here just stall. And I'm talking 10s of millions of sq ft industrial projects just stop dead after years of site work
I will save some of you some time. He basically believes if the FED stepped in with QE it could have prevented the great depression. Completely missing the fact that government intervention made the depression into the great depression. He forgot to mention that there was a quick depression in the early 20's when the government didn't intervene and the free market worked things out by itself.
As soon as you talked about the FED being asleep at the wheel you lost me. You seriously believe they make mistakes, they themselves don't profit from? There is nothing federal about the Federal reserve bank.
Clearing your mortgage is one thing, but what happens if inflation keeps rising? Your property taxes keep rising with the value of your home. Lots of folks lost their homes to tax sales in the Great Depression
There's actually 2 kinds of inflation. Good inflation is when wages increase and products stay the same price because of improved productivity. Bad inflation is when prices increase but wages stay the same due to lower productivity. We have bad inflation.
The good inflation is actually deflation through dropping prices through productivity. Inflation happens whem when productivity reverses or doesnt grow creating a lack 8 assets and resources leading to money printing to fil the gap causing money to becomes worth less. There isnt good inflation.
Yeah this is just misinformed lol. That's like saying there's 2 kinds of war one where everyone is fighting and one where everyone gets along. Everyone getting along isn't war lol
"inflation" has nothing to do with high prices. It has everything to do with too much money in the system! High prices w/o corresponding wages/economic growth is just the result. Too much money in the system is the cause!
Nolan, What is the word over your left shoulder???? Kind of different to have such over your left shoulder, and it can't be read very easily.... is it a Word you like? is it the name of your channel? Are you advertising a supporter? Or just why is it there and what is the significance of such a whatever it is???? My last question is, do you find listening to an individual with written words, or that can't be read, over his left shoulder, an astute, and knowledgable source of information, to manage one saving and believe in the commentary??? You gave away your credibility even if you are a Yale-educated authority. You're explaining whatever you are trying to explain, with the presence of an unreadable whatever, over your left shoulder. The commentary in the length of your explanation whatever point you are making...... Your entire commentary is simple. The system is riddled with theft and DEBT..... Depression is next...... Isn't that easy..... Now why not introduce the word or words over your left shoulder, you talk so much about a confusing dissertation of never-ending explaining whatever......
it says thrive and give, I didnt read the rest of your post because it was too long and idc, but I hope that provides the answer to your question on the legibility of the sign.
Thr problem seems to be that all the fiscal and monetary stimulus since the 2008 crash has only masked another "great depression." It's not clear that we've made the economic situation more secure over the long term by incurring so much debt to avoid the harsh consequences in the present. Unless we can somehow lower our debt then the outlook doesn't look pretty.
ONE - well - Inverted yield curve, Buffet indicator, Schiller index, deflation in real prices, many Americans maxed out on credit cards, credit cards- and auto loan defaults increasing/accelerating, so not ONE, but many factors?
@16:00, it just seems like that to us. However, when depositors really request funds from FDIC due to banks' failure, the results can be not like what people knew/what people were told. Not good. And, more worse, what if Feedddd's evil inside. @-@ Also, since @20:30, Great Comments!! People not regularly calculate how much they make, how much they spend, then, compare the income & outcome, and go from there.
There is not enough $ in the fdic to cover. What will happen is banks will fail and the only way you’ll get your $ back is if you use the fed banking system and use the cbdc
No the Great Depression was caused by debt or if u want to give it another name over leverage or if you want to call it something else mania. Sound familiar? It’s all good until it’s not.
If you want to know how to survive a depression, turn your supplied energy off to your entire neighbor hoods lifestyle for 6 weeks. You probably won't make it past 2 weeks. New Orleans was a perfect example in recent times. Local not national.
We need massive deflation which will increase purchasing power and encourage savings. Fear mongering about deflation being some boogyman isn’t reality when inflation is the problem of our day, not deflation.
Well it really sucks then that there's already over 7,000 banks that are filled and bankrupt and will be taking out over the next couple months and we will be going into a Great Depression yet again
The relationship between bank and depositor is a creditor debtor relationship. There is no money on deposit. That is a deception of misunderstanding to think like that. A bank statement shows what the banks owes to the depositor, really a lender. The banks takes title to the funds deposited by way of general deposit and owes it to the depositor/lender. See Schedule of the CDIC Act for meaning of deposit. Thanx
Biggest thing that led us into a depression in 1929: Easy margin of stocks. An investor could control 100 shares of a stock only paying for 10 of it's shares - but was still responsible for the entire 100 shares. Investors went under VERY quickly.
The , Catastrophic Depression that is INCHING along now will be unparalleled by anything the Economy has seen. The USA HAS MADE HORRID DECISIONS THAT WILL CAUSE GREAT NEED THAT WILL WORSEN WITH TIME . TRY TO PREPARE AS BEST YOU CAN. GET RID OF DEBT. TRY TO STOCKPILE FOOD AND GOODS THAT WILL HELP YOU SURVIVE. PRAY FOR GOOD . 🙏
Did not find value in this so I won’t subscribe. If anyone else was looking for useful advice: Don’t work harder for the company, you’ll just get taxed higher ( if they even bother to pay you more). Look for side hustles, especially things that are necessities. Firewood. Car and home repairs. Food. Make beer or wine. Keep some money out of banks. Diversify- silver, gold, shelf-stable food, tools to make a living, alternative power sources. Dump subscriptions.
Your commentary sounds like the monolog during the beginning of SaturdayNighth Live???? Are you serious????? 25 minutes of confusing commentary that is all over the place, almost like you are not taking time to breath??????
FDIC insurance pays Up to 250k out over 99 years depending on how much they choose to fund the banks losses. It is only funded to about 3%. Are you living to 150?
Bro, your explanations are so far off that I don’t even know where to begin, but this might be a good starting point: You said the Fed’s goal of 2% inflation is to prevent deflationary periods from dollars becoming worth less. That one statement tells me everything I need to know about your understanding. First, the Fed doesn’t really control 💩 the Fed is supposed to make it look like they control 💩 private banks and lending control inflation. Thus, counterparty risk (people not being able to pay back loans) is what causes a bust (recession/depression). Banks stop lending. Growth stops. Also, how do you deduce that deflation causes dollars to be worth less? That’s literally the opposite of deflation. Deflation = purchasing power increasing relative to the cost of goods and services. Truly, you should just delete this entire video.
@@Generalumbongo "Something"? Maybe you meant "someone". And even then, that doesn't justify gruesome and heinous crimes, so let's not try to brush off responsibility.
Excellent podcast on the reasons for the Great Depression of 1929 !! Another important reason that should have been mentioned was that the Hoover government faced with this economic catastrophic event still maintained an "austerity" stance and kept on adhering to a" balanced budget" approach and as tax revenues fell their expenditure also fell leading to more deflationary forces lowering wages and increasing unemployment. 😮
Why is the crash always being postponed? Ok I just got laid of from construction in Toronto CA. I'm very surprised right now, is there a loss of demands all of s sudden? I'm thinking so, I'm starting to see a lot of factors for lease, maybe this means the recession is starting right now, why would a construction worker be laid off? 🤔 I think that means no one has anymore money to buy homes, people are spent & saving all gone.
According to the Benner Cycle 2023 was the bottom and 2026 will be the top. I think a big driver for this is the switch from a carbon to an electric based economy like the switch from horse feed to oil did in the roaring twenties. The biggest disruption I see coming is the elimination of the labor part of the economy by robotics and AI. I think will occur in the mid 2030s. Due to the addition of this "free" labor I see the value of everything crashing in a Great Depression like manner by the end of that decade.
Yes, just print more money is the answer. that's why us debt is now about 35 trillion, and us won't even be able to keep up the interest payments alone let alone other costs ! The fed just displaces the problem, not solving the problem. keep kicking that can....
Great video. Another odd ball thing that happens before the collapse of an empire are "celebrity chefs." I have seen crazy things in my life, but this one makes sense to me along with a bunch of other stats the go along with a world power in decline.
With all the homeless camps around the country in our faces we refuse to acknowledge the pink elephant. Back in the day they were called hobo camps. Always waiting for the formal announcements.
In other words, the USA is too big to fail. I've heard that before. 😂 And what a better way to have a global currency when all of the nations intertwined financiallly with the US go down too. Having said that I'm praying we survive this debt mess.
The economy back then was much different than it is today. Our economy was mostly closed and not so globally dependent as it is today. Not to mention the government wasn't in SOOOO much debt. You're missing so much information to consider
Nice -- thanks! Broker loans were only 7% of GDP in 1928 (from 2% in 1923), so it's unlikely that it precipitated the Great Depression. During the 1920s, annual housing and commercial real estate (CRE) almost tripled. This was principally financed by debt. Reckless real estate lending (esp. CRE loans) likely precipitated the Great Depression. Cf. Richard Vague (2019). A Brief History of Doom. Philadelphia: University of Pennsylvania Press.
We are soooo ready for it now as we are tired of the waiting game. If you don't have protection, food, water and a bug-out plan by now it means that you are a very hopeful person. You aren't a thinker or discerner....but you are hopeful!
Another thoughtful, coherent, insightful video. Thank you Nolan! (May I invite you to share the identity of your math teacher friend? I will helping my 10-year-old with math for years to come, and I'm always interested in new approaches to teaching)
The market is moving to 100% digital. Crypto is going into a bullish banana zone. Those who take profits when this happens will be fine in the depression
Global Trade is not a good thing except for the Bankers, it always leads to instability in local markets, offshoring labor, and destroyed skill sets and dependence and wealth bring accumulated by those that do not create it.
1 in 4 out of work BUT the majority of the work force were men, Women stayed at home, so only 1 income homes were crushed by the loss of jobs. MY grand parents were school teachers and were able to get their money out of the bank before it collapsed.
The derivative markets or Eurodollar market might be a serious blackswan event mainly because no one controls these huge markets where it is unsure if money printing of the central bank solves the issue.
I designed a check register that operates in reverse. In stead of telling me what has happened to my cash flow. It tells me what's going to happen. I can predict my cash position to the penny as far into the future as I wish. Years. It allows me to operate like a credit card in that I can draw on future income with it. Only no exorbitant interest. I literally can not run out of money. This is wealth. Thomas Jefferson wrote. 'The price of freedom is self discipline.'
I got ready for the recession by selling my stock etf & buying a bond etf. The fed is lowering the fed funds rate which will lower other interest rates, so institutions are buying bonds now to lock into these higher yields
crazy didn't change your title, didn't change your script, just straight up stole someone elses video and acted like it was your own..heck used even the exact same still photo lol.
Life is a gamble. You take calculated risks all the time, same as the stock market. With more time and experience in the market you just make better calculated risks, but if you expect bigger than average returns you have to yolo like in the casino
@@eliotness107 Again, why I don't like strategy very much because I suck at those....Life to me is a movie that just ends up with either bad endings or good endings....But it continues as if it's a movie from birth to death, including the world itself....Personally, having things revolve around the money itself is quite stupid if you ask me. You would rather have the item than give the other person a worthless currency or gold to even get it. And even then Banks are god awful at keeping your precious money in when someone can take half of your wealth away from you and thus riot and revolt against the government...God no wonder Andrew Jackson killed the bankers in the 1830s.
Weirdly enough, i remember telling you your assessment on the economy was incorrect. Your reply was me not knowing Canadian economics. Your description of the federal reserve imposes interest rate hikes or cuts is completely wrong. How the Great Depression was caused is completely wrong. Your assessment of why we didnt get a depression in 2008 i incorrect. There is a world currency the world already agrees too other then the US Dollar and its called gold. This is why every nation in the world is buying up loads of it right now. You want government intervention on this economic problem when it was them that caused this economic problem. They called it the roaring 20’s for a reason, that’s because low interest rates, credit, massive government printing, and a complete mismanagement of the federal reserve. Its just like what we saw during 2015-2019.
Lot of factors not considered. You can have a house free and clear and the government could raise property taxes. In 1929 US was still on gold standard and federal debt was 16% of GDP, today the US dollar is a fiat currency that the fed can print at will and the US debt is over 120% of GDP. We did not have nuclear weapons in 1929. In 1929 we did not have computers making hundreds of thousands of trades per second. The government at all levels now has over 20 million employees - couldn't find the stats for 1929, but today government is at least an order of magnitude larger. While there was leverage in 1929, it is unlikely that there was anything close to the amount of derivatives in today's market. Despite all that, there is a lot of resemblance IN HUMAN BEHAVIOR between today and 1929. People (or should say "traders") are buying stocks LIKE CRAZY. It is like a piranha feeding frenzy. When it flips the fed may TRY to stop the crash, but they won't be able to.
This Is What "Always" Happens Before A Real Estate Crash
ua-cam.com/video/KVcapshEGC8/v-deo.html
Preparing for the Impending Great Depression: Strategies for Thriving During The Great Reset. Wondering about the right timing for stock investments? Curious about the timeline for a complete economic recovery? Puzzled about how some individuals are generating over $450k in profits within months in the current market scenario? These questions have left me perplexed.
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge
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.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
It feels the Govt are going to lose control this time. we are going to dirt level. On the brighter side I have to seek ways to stay on top of things, I wish to diversify my assets by investing in ETFs/index funds/mutual funds and stocks of corporations with stable cash flows. I received 350k from the selling of my El-Paso property. What should I do?
Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder
Right, a lot of folks downplay the role of advisors until being burnt by their emotions, no offense. During the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my portfolio has grown by 25% every quarter since Q3 2020.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
im just adding everytime it dips for a few days straight. Been doing this since last summer.
I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "AMBER KAY WRIGHT" I've worked with her for 9 years and highly recommend her. Check if she meets your criteria.
Thank you for keeping us informed on so many levels. I feel like the more I learn about the low-income people of our country, the more my anger grows. Thanks Arleth. Imagine investing $1000 and receiving $5,450 in 3 days.🇺🇸
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
Getting Arleth Coronado to help me really helped me clear all my debts. I started with what I have left and it's been the best decision I ever made.
PLEASE HOW CAN I GET ACROSS TO THIS WOMAN FOR HELP?????????
How do I reach her???
SHE'S MOSTLY ON TELEGAMS WITH THE BELOW NAME!!!
Market highs can sometimes be followed by corrections, but predicting the timing and extent of it is challenging. I've heard some analysts talk about a 'massive' correction. It makes me wonder if it's time to adjust my $2M portfolios or maybe even consider some defensive investments.
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
Lauren Marie Ehlers is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her..
From the cities I have seen on UA-cam, the US has been in a depression since 2019.
a banking crisis started Sept 2019🤫
censorship in police state usa
Trump spoke about shit hole countries but their is shit holes popping up like pimples all over blue states
ive been heavily depressed since 2019
And yet s&p is at 5300...
Don't fret, the debt ceiling always goes up. I wonder if 2008 crisis survivors had it easier. this could lead to economic downturns. We need to be prepared for potential market volatility. how can I secure my 250k portfolio against declining?
Everyone needs a Margin of Safety in their portfolios and just remember, It's time in the market versus timing the market.
De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I’d also suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I. We've made over 80% capital growth minus dividends.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
*Jennifer Leigh Hickman* has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
We’ve been in a depression since 2008 it’s just been masked by low / zero interest rates QE and massive government spending
Take that away and the private sector has been flat (which is shrinking when matched to increasing populations etc)
Things are far more advanced than 2008 and people are wealthier.
@@Etaoinshrdlu69 all paper wealth based on false (inflated valuations) pumped by huge debts, public and private
When it blows millions are going to be in penury
I have been saying the same thing, since that time. And I was one of the only ones who predicted the 2008 financial crisis, and how and why it would happen. You are absolutely right though. Without the "QE", we would have already been in a "de-leveraging" which would have taken place in year 2008. The deleveraging never was allowed to happen, and instead "they' tried to inflate out of the crisis. This actually only made the problem much worse.
@@Etaoinshrdlu69 "wealthier" is an illusion. The only people who got wealthier is the ultra-rich and top '10 percentile'. Everyone else, even though the incomes and assets seem to be more, adjusted for real inflation, people are actually much poorer., For example, in year 1995, my wages would have been considered very low. However, I was able to rent an apartment, and have a car, and still live very comfortably. I cannot do that today, even though I make 3 times the minimum wage. The "wealthier" effect is an illusion which they are very good at selling to the average Joe!
It ain't a depression until you feel it...until EVERYONE feels it.
But yes, the economy has been a propped up house of cards ESPECIALLY since 2008
I'm at 2 minutes and 15 sec, but I will keep listening to see if you have an explanation. You have challenged my belief system already by saying that the FED didn't do enough to fix the problems. In my opinion the FED helped cause the problem. I'll let you know if I bail.
I just stopped at 2:21
Meh, I'm just going to bail, this is rubbish.
@@ezza200should have stuck to the 8:00 mark...
The banks aren't lending unless it's at crazy rates. Even if they lower rates the value of the crap we're buying is overpriced, houses, cars etc.
@@breckfreeride you all need to stop buying unnecessary goods at these ridiculous prices … the greedy capitalists would have to bow to the consumers
They purposely Crash the economy. Money is a made up credit system. If I create the Dollar I can crash it .
HAHA no this is what it looks like before a World War Starts
Not enough government/FED intervention makes an economic downturn worse?? Bro, you are wrong on so many levels. Government intervention causes more economic turmoil and human suffering than anything else. Don't take economic advice from Canadian mortgage brokers.
It would be kind of hard to be super powerful without central control
A very interesting talk but I think that you're wrong on a number of items. For those paying attention they neither have faith in the government nor faith in the banks. You haven't mentioned that what we're seeing is the end of a major cycle that started with the creation of the FED in 1913 that created the debt-based system we're stuck with now. We're also seeing the convergence of a number of major cycles that didn't happen in the last great depression. I agree that this coming depression won't be as bad as the last one. It'll be worse. Purchasing power of the FED note is virtually zero. The FED note isn't worth the paper it's printed on. The FED is stuck between a rock and a very hard place. They've painted themselves into a corner and have no choice but to let this whole corrupt system implode and then try to build a new one from the ashes of the old. They want to try and force a digital currency on us when this current system collapses. Whether it's a CBDC or some other form of government digital currency. The government is lying about inflation and it's much higher than what they say it is. They can't raise interest rates and they can't lower them. They're stuck. And the government keeps sending billions overseas on lost causes. We have at least 3 wars going on right now. Haven't heard much about Yemen on MSM. Last I heard there was still a war ongoing there in addition to the ones in Ukraine and the middle east. The US has over 800 military bases spread out all over the world. And the cost to maintain it's present military is astronomical. All this costs money and it's unsustainable in the long run. Every empire collapses just as the Roman empire collapsed and what we're witnessing right in front of our eyes is the collapse of the American empire and the collapse of the American dollar. The dollar is done right now and when more countries join BRICS and stop using the American dollar as the reserve currency of the world that will only help to hasten the collapse of the American dream. And to add fuel to the fire if you look at the US debt clock you'll see that the M2 money supply YOY is negative almost 60 billion. The best thing people can do to prepare for a dismal future is to take as much money out of their bank accounts as possible and only leave enough in there to cover a month's worth of bills plus 10%. If possible pay down your high interest debt as quickly as possible. And most importantly beans, bullets and bandaids. Stack to the ceiling.
Yep, exactly why the movie "The American Dream", the one I watched back in the early to mid 2010s explained it very well back then. Since December 1913, this currency is on a ticking timebomb to dictatorship with the constitution and bill of rights completely destroyed in favor of a dictatorship that's just as bad as Russia, North Korea, Venezuela, and Singapore combined.....It's truly sad to see a country like this fall to shambles, and only the citizens are going to have to fight against the communist government, or be outnumbered by millions of soldiers who believe the US is still there, even if it collapsed and such.
Have faith in God, believe the gospel.
You think Brics actually has all that gold. Trillions in gold ????
Deflation is the decrease of currency units/money NOT decrease in prices.
I believe this is right, however it follows that when currency units decrease, the value of each unit increases, hence prices fall.
Deflation is when consumer and asset prices decrease over time, and purchasing power increases. Essentially, you can buy more goods or services tomorrow with the same amount of money you have today. This is the ***inverse relationship*** to inflation, which is the gradual increase in prices across the economy. ... please Google the definitions yourself before replying.
Kind of, but wages fall disproportionately when there is deflation and real interest rates increase, which is why you can effectively afford less.
@AUL "This is the mirror image of inflation..." The mirror image of a chart going up is still a chart going up. A mirror image is not the opposite. For example, the opposite of night is day, but the mirror image of night is not day. Similarly, the opposite of prosperity is poverty, but the mirror image of prosperity is not poverty. If you aren’t convinced, ask a rich person if he sees a poor person in the mirror.
Which you can’t have in a debt based economy. We are not backed by gold anymore. It’s a Ponzi scheme and the only thing keeping it going is people haven’t realized their paper is backed by nothing
Deflation, we need deflation!
No inflation is not prices rising. Inflation is the increase of money supply and credit. And due to that increase prices rise. The natural movement of capitalism is deflation. Things become cheaper because we become more efficient at producing things. Your iPhone 15 in 1980 would cost millions of dollars to produce with that technology now it’s a fraction of that and accessible to most Americans. Deflation in the natural order of things. Govts intervene and print currency causing an increase in prices.
the reason why 2008 in USA didnt become a depression, is that Canada bailed the US out!
True fact. I know personally one of the bankers on the team who was working on that.
Also China
Is this why I see so many Canadian based banks operating in the US now?
Why did people borrow to invest? Why did the average Joe sink all his wealth into risk? Look at the interest rate chart for the 1920's. I'm bailing on your video because I think you are missing too much. If I am wrong or misinformed, I apologize.
Its actually well known that one of the biggest causes of the great depression was burrowing to invest into the stock market. Lets say you could burrow for 5% - 8% but you could get a 20% return. Why wouldnt you do it? Of course its because of risk! Well what if you didnt know about Risk? What if you didnt know the stock market could crash 90%? Your telling me you wouldnt take out as much money as you could to invest in bitcoin or nvdia? Stocks only go up RIGHT? Or are only bears watching this channel? My point is what happens when you are so in debt or leveraged when all of a sudden the market rotates and you just lost 5 yrs wages in 1 hr? maybe that day you lost your house? Maybe by the end of the year you lost everything you had invested because now the bank is calling in the debt (Margin calls but back then it was where they actually called you and told you they wanted their debt paid back!) But you had already sold everything you had, plus the stocks, but it just kept getting worse! things worked differently back then! You owed on the margin of the stocks till paid in full. Meaning as long as the stock was dropping you were still paying on it. A little different on a margin call where you get sold off and then can pay it back. This is why you hear the stories of people jumping from roof tops!
@@Mythoughts4youmargins and leveraging is out of control now... The house of cards reaches to the moon!
When you find out the Federal Reserve is not actually Federal nor does it have any Reserves, then you understand that they don't make mistakes.
You talk my language! I said the same thing
We're definitely there, a lot of those wealthy investors of our decade are about to end up having to actually participate in their local economies.
'33 depression...designed to force Germany to pay out her debts.. causing further
starvation and hate..
geo - politics...
🧐
For the most part everyone around here is looking poor already. I'm seeing more and more cars around with expired inspections, and neglected repairs. And a lot of them fairly late model. I've also seen a couple of huge construction projects here just stall. And I'm talking 10s of millions of sq ft industrial projects just stop dead after years of site work
I will save some of you some time. He basically believes if the FED stepped in with QE it could have prevented the great depression. Completely missing the fact that government intervention made the depression into the great depression. He forgot to mention that there was a quick depression in the early 20's when the government didn't intervene and the free market worked things out by itself.
Aaah the roaring 20’s asleep at the wheel
The FED only has enough money in the bank bailout fund to replace 1.7 % of the money in the banks
And most of that money is earmarked for bailing out themselves and their best buds. The average Joe and Jane will get nothing.
FDIC has less than $200B to cover TRILLIONS in insured assets, but we aren’t just covering insured assets, are we?
As soon as you talked about the FED being asleep at the wheel you lost me. You seriously believe they make mistakes, they themselves don't profit from?
There is nothing federal about the Federal reserve bank.
Clearing your mortgage is one thing, but what happens if inflation keeps rising? Your property taxes keep rising with the value of your home. Lots of folks lost their homes to tax sales in the Great Depression
This time around there’s a lot more people who have guns. Welcome to the thunder dome
😂
Sears catalog full auto Thompson no longer available though...
@@breckfreeride I really worry about you guys up there. It’s a crazy time. Take care mate.
@@Cooee1961 I got my stubbies...
@@breckfreeride awesome 👏
There's actually 2 kinds of inflation.
Good inflation is when wages increase and products stay the same price because of improved productivity.
Bad inflation is when prices increase but wages stay the same due to lower productivity.
We have bad inflation.
The good inflation is actually deflation through dropping prices through productivity.
Inflation happens whem when productivity reverses or doesnt grow creating a lack 8 assets and resources leading to money printing to fil the gap causing money to becomes worth less.
There isnt good inflation.
There is no such thing as good inflation lol why the hell would I want to pay more for something? Why would I want my savings to be worthless ?
Yeah this is just misinformed lol. That's like saying there's 2 kinds of war one where everyone is fighting and one where everyone gets along. Everyone getting along isn't war lol
"inflation" has nothing to do with high prices. It has everything to do with too much money in the system! High prices w/o corresponding wages/economic growth is just the result. Too much money in the system is the cause!
Nolan, What is the word over your left shoulder???? Kind of different to have such over your left shoulder, and it can't be read very easily.... is it a Word you like? is it the name of your channel? Are you advertising a supporter? Or just why is it there and what is the significance of such a whatever it is???? My last question is, do you find listening to an individual with written words, or that can't be read, over his left shoulder, an astute, and knowledgable source of information, to manage one saving and believe in the commentary??? You gave away your credibility even if you are a Yale-educated authority.
You're explaining whatever you are trying to explain, with the presence of an unreadable whatever, over your left shoulder. The commentary in the length of your explanation whatever point you are making...... Your entire commentary is simple. The system is riddled with theft and DEBT..... Depression is next......
Isn't that easy..... Now why not introduce the word or words over your left shoulder, you talk so much about a confusing dissertation of never-ending explaining whatever......
it says thrive and give, I didnt read the rest of your post because it was too long and idc, but I hope that provides the answer to your question on the legibility of the sign.
Thr problem seems to be that all the fiscal and monetary stimulus since the 2008 crash has only masked another "great depression." It's not clear that we've made the economic situation more secure over the long term by incurring so much debt to avoid the harsh consequences in the present. Unless we can somehow lower our debt then the outlook doesn't look pretty.
ONE - well - Inverted yield curve, Buffet indicator, Schiller index, deflation in real prices, many Americans maxed out on credit cards, credit cards- and auto loan defaults increasing/accelerating, so not ONE, but many factors?
@16:00, it just seems like that to us. However, when depositors really request funds from FDIC due to banks' failure, the results can be not like what people knew/what people were told. Not good. And, more worse, what if Feedddd's evil inside. @-@ Also, since @20:30, Great Comments!! People not regularly calculate how much they make, how much they spend, then, compare the income & outcome, and go from there.
There will be no soft landings...The question is how hard the landing.
😅this is done on purpose, just look at the wealth income gap 😮pure 100% theft
There were stocks that did well during the great depression ……. not everything crashed
Military industries complex are doing very well right now.
Even today, the FDIC has only around 1% of reserves.
FDIC insurance can take 30 years to pay you back...
There is not enough $ in the fdic to cover. What will happen is banks will fail and the only way you’ll get your $ back is if you use the fed banking system and use the cbdc
If ever. Payback only happens if the U.S. Congress passes a bill into law authorizing it. Congress can kick that can forever.
In Nigeria there is more than 45% unemployment rate
No the Great Depression was caused by debt or if u want to give it another name over leverage or if you want to call it something else mania. Sound familiar? It’s all good until it’s not.
If you want to know how to survive a depression, turn your supplied energy off to your entire neighbor hoods lifestyle for 6 weeks. You probably won't make it past 2 weeks. New Orleans was a perfect example in recent times. Local not national.
FDIC only can - IN REALITY - From articles from reputable sources is about 2% of ALL deposits, so that is a BIG not well known fact. YIKES.
During the pandemic, I invested in art and collectibles. My unrealized gains are doing well. I totally sign off on diversity of asset classes.
We need massive deflation which will increase purchasing power and encourage savings. Fear mongering about deflation being some boogyman isn’t reality when inflation is the problem of our day, not deflation.
Deflation does not stimulate economic expansion, so it can be destructive if left unchecked.
@@viralsheddingzombie5324 Neither does printing money backed by nothing
Well it really sucks then that there's already over 7,000 banks that are filled and bankrupt and will be taking out over the next couple months and we will be going into a Great Depression yet again
The relationship between bank and depositor is a creditor debtor relationship. There is no money on deposit. That is a deception of misunderstanding to think like that. A bank statement shows what the banks owes to the depositor, really a lender. The banks takes title to the funds deposited by way of general deposit and owes it to the depositor/lender. See Schedule of the CDIC Act for meaning of deposit. Thanx
Yes, that’s absolutely true. Do you think that changes the outcome or the context of the video?
Biggest thing that led us into a depression in 1929: Easy margin of stocks. An investor could control 100 shares of a stock only paying for 10 of it's shares - but was still responsible for the entire 100 shares. Investors went under VERY quickly.
brought on by a Credit Collapse and failure to deliver , resulting in the overall 1929 stock market crash
The , Catastrophic Depression that is INCHING along now will be unparalleled by anything the Economy has seen. The USA HAS MADE HORRID DECISIONS THAT WILL CAUSE GREAT NEED THAT WILL WORSEN WITH TIME . TRY TO PREPARE AS BEST YOU CAN. GET RID OF DEBT. TRY TO STOCKPILE FOOD AND GOODS THAT WILL HELP YOU SURVIVE. PRAY FOR GOOD . 🙏
Did not find value in this so I won’t subscribe. If anyone else was looking for useful advice:
Don’t work harder for the company, you’ll just get taxed higher ( if they even bother to pay you more). Look for side hustles, especially things that are necessities. Firewood. Car and home repairs. Food. Make beer or wine.
Keep some money out of banks. Diversify- silver, gold, shelf-stable food, tools to make a living, alternative power sources. Dump subscriptions.
Your commentary sounds like the monolog during the beginning of SaturdayNighth Live???? Are you serious????? 25 minutes of confusing commentary that is all over the place, almost like you are not taking time to breath??????
FDIC insurance pays Up to 250k out over 99 years depending on how much they choose to fund the banks losses. It is only funded to about 3%. Are you living to 150?
>problematic
>unpack this
Cvcked language = opinion discarded
Bro, your explanations are so far off that I don’t even know where to begin, but this might be a good starting point:
You said the Fed’s goal of 2% inflation is to prevent deflationary periods from dollars becoming worth less.
That one statement tells me everything I need to know about your understanding. First, the Fed doesn’t really control 💩 the Fed is supposed to make it look like they control 💩 private banks and lending control inflation. Thus, counterparty risk (people not being able to pay back loans) is what causes a bust (recession/depression). Banks stop lending. Growth stops. Also, how do you deduce that deflation causes dollars to be worth less? That’s literally the opposite of deflation. Deflation = purchasing power increasing relative to the cost of goods and services.
Truly, you should just delete this entire video.
My paternal grandfather lost his beloved fox hunting estate to foreclosure in 1934. It's now owned by a nonprofit and they banned dogs 😡
Why are you mad? Without a doubt, it belonged to Native Americans in the first place.
@@josercarcamo Everything belonged to something else at some point if you want to look at it like that.
@@Generalumbongo "Something"? Maybe you meant "someone". And even then, that doesn't justify gruesome and heinous crimes, so let's not try to brush off responsibility.
@@josercarcamo The "native americans" committed plenty of their own crimes. Get 0ff my internet, cvccboi.
Excellent podcast on the reasons for the Great Depression of 1929 !! Another important reason that should have been mentioned was that the Hoover government faced with this economic catastrophic event still maintained an "austerity" stance and kept on adhering to a" balanced budget" approach and as tax revenues fell their expenditure also fell leading to more deflationary forces lowering wages and increasing unemployment. 😮
Why is the crash always being postponed? Ok I just got laid of from construction in Toronto CA. I'm very surprised right now, is there a loss of demands all of s sudden? I'm thinking so, I'm starting to see a lot of factors for lease, maybe this means the recession is starting right now, why would a construction worker be laid off? 🤔 I think that means no one has anymore money to buy homes, people are spent & saving all gone.
According to the Benner Cycle 2023 was the bottom and 2026 will be the top. I think a big driver for this is the switch from a carbon to an electric based economy like the switch from horse feed to oil did in the roaring twenties. The biggest disruption I see coming is the elimination of the labor part of the economy by robotics and AI. I think will occur in the mid 2030s. Due to the addition of this "free" labor I see the value of everything crashing in a Great Depression like manner by the end of that decade.
Yes, just print more money is the answer. that's why us debt is now about 35 trillion, and us won't even be able to keep up the interest payments alone let alone other costs ! The fed just displaces the problem, not solving the problem. keep kicking that can....
Great video. Another odd ball thing that happens before the collapse of an empire are "celebrity chefs." I have seen crazy things in my life, but this one makes sense to me along with a bunch of other stats the go along with a world power in decline.
With all the homeless camps around the country in our faces we refuse to acknowledge the pink elephant. Back in the day they were called hobo camps. Always waiting for the formal announcements.
In other words, the USA is too big to fail. I've heard that before. 😂 And what a better way to have a global currency when all of the nations intertwined financiallly with the US go down too. Having said that I'm praying we survive this debt mess.
The economy back then was much different than it is today. Our economy was mostly closed and not so globally dependent as it is today. Not to mention the government wasn't in SOOOO much debt. You're missing so much information to consider
Nice -- thanks! Broker loans were only 7% of GDP in 1928 (from 2% in 1923), so it's unlikely that it precipitated the Great Depression. During the 1920s, annual housing and commercial real estate (CRE) almost tripled. This was principally financed by debt. Reckless real estate lending (esp. CRE loans) likely precipitated the Great Depression. Cf. Richard Vague (2019). A Brief History of Doom. Philadelphia: University of Pennsylvania Press.
We are soooo ready for it now as we are tired of the waiting game. If you don't have protection, food, water and a bug-out plan by now it means that you are a very hopeful person. You aren't a thinker or discerner....but you are hopeful!
Sorry cannot cam are 1929 to 2029 just impossible- the next depression will be something you do not see coming
Another thoughtful, coherent, insightful video. Thank you Nolan!
(May I invite you to share the identity of your math teacher friend?
I will helping my 10-year-old with math for years to come, and I'm always interested in new approaches to teaching)
Thank you! Any other content you would like to see in the future?
The math content is from Brian Mclogan - Khan academy is also amazing!
@@NolanMatthias well, now that you ask... I'd like to understand why low LTV (
Hey - have you seen the Canadian real estate channel yet? Search my name and Canadian real estate and it will pop up. Let me know what you think.
If you are going to talk about investments, why don't you put on a dress shirt ? Are you trying to look blue collar with that flannel shirt ?
The market is moving to 100% digital. Crypto is going into a bullish banana zone. Those who take profits when this happens will be fine in the depression
Global Trade is not a good thing except for the Bankers, it always leads to instability in local markets, offshoring labor, and destroyed skill sets and dependence and wealth bring accumulated by those that do not create it.
1 in 4 out of work BUT the majority of the work force were men, Women stayed at home, so only 1 income homes were crushed by the loss of jobs. MY grand parents were school teachers and were able to get their money out of the bank before it collapsed.
I wanna bank loan to invest in rare whiskey.
Me too!
Don't forget the dustbowl which left many starving due to lack of food!
The derivative markets or Eurodollar market might be a serious blackswan event mainly because no one controls these huge markets where it is unsure if money printing of the central bank solves the issue.
Graphic (pink) @ 1:40 does not work for those watching on phones: too small.
Wow entitled one. He should cater to you because? You’re the prince of???
I designed a check register that operates in reverse. In stead of telling me what has happened to my cash flow. It tells me what's going to happen. I can predict my cash position to the penny as far into the future as I wish. Years. It allows me to operate like a credit card in that I can draw on future income with it. Only no exorbitant interest. I literally can not run out of money. This is wealth. Thomas Jefferson wrote. 'The price of freedom is self discipline.'
I got ready for the recession by selling my stock etf & buying a bond etf. The fed is lowering the fed funds rate which will lower other interest rates, so institutions are buying bonds now to lock into these higher yields
Deflation means your dollar is worth more.
Enlightening video! You would make an excellent economics teacher Nolan. 👍
Thank you 🙏 any economics topics you would like to see next?
@@NolanMatthias I would like to know why the U.S. abandoned the gold standard in 1971. Thanks!
@@rogersmith9705 cool! I think we can do something on that! Great suggestion.
17:20 calling the Euro not a reserve currency at all is a bit of a stretch. There are about 2T euros and 6.5T dollars held as reserve currency. 17:39
This was one of the most clear and concise financial videos I've seen on UA-cam.
😕
The FED wasn't asleep they did exactly what they were suppose to
America is not going to see a depressing America is going to be just fine.
Why should the tax payer bail out the banks and other big business?
Been looking for someone who would talk about this, so thank you!
crazy didn't change your title, didn't change your script, just straight up stole someone elses video and acted like it was your own..heck used even the exact same still photo lol.
What are you talking about?
Lol sounds like Ramsey was right!
You are starting too many sentences with the word AND.
Deflation is always a good sign. Not worthy of listening.
Stagflation now
Economy in the tank and inflation roaring!
Excellent job! Great advice.
Subscribed ✅
Awesome, thank you! Anything else you would like to see covered in the future?
Yes. What was it like in the raising rate time period from 1940 to 1980? What investments did well? How did people adjust? Thank you!
Years ago if you lost your job you were screwed. Now with the gig ecomomy people can always make money besides cooperate america
Definitely
The great depression happened because of the intervention of the fed... Prior crashes only lasted a few years at most.
Small Mustache Man completely fixed his country.
People seem to be doing fine whole coutry hasnt cone to a halt yet. Everybody is still spending money like no tommorrow
Agreed
The stock market is like gambling at a casino. The house will win long-term.
You can make a thousand scenarios and theories, but gambling is gambling.
Life is a gamble. You take calculated risks all the time, same as the stock market. With more time and experience in the market you just make better calculated risks, but if you expect bigger than average returns you have to yolo like in the casino
@@eliotness107 Again, why I don't like strategy very much because I suck at those....Life to me is a movie that just ends up with either bad endings or good endings....But it continues as if it's a movie from birth to death, including the world itself....Personally, having things revolve around the money itself is quite stupid if you ask me. You would rather have the item than give the other person a worthless currency or gold to even get it. And even then Banks are god awful at keeping your precious money in when someone can take half of your wealth away from you and thus riot and revolt against the government...God no wonder Andrew Jackson killed the bankers in the 1830s.
Great advice sir!
Thank you! Working on new content. Anything you would like to see?
Weirdly enough, i remember telling you your assessment on the economy was incorrect. Your reply was me not knowing Canadian economics. Your description of the federal reserve imposes interest rate hikes or cuts is completely wrong. How the Great Depression was caused is completely wrong. Your assessment of why we didnt get a depression in 2008 i incorrect. There is a world currency the world already agrees too other then the US Dollar and its called gold. This is why every nation in the world is buying up loads of it right now. You want government intervention on this economic problem when it was them that caused this economic problem. They called it the roaring 20’s for a reason, that’s because low interest rates, credit, massive government printing, and a complete mismanagement of the federal reserve. Its just like what we saw during 2015-2019.
That doesn’t sound like something I would say but I’ll go back and look
It that video on why you stop collecting gold
But stock market keeps going up.🤔
Rothbard’s book is essential.
Lot of factors not considered. You can have a house free and clear and the government could raise property taxes. In 1929 US was still on gold standard and federal debt was 16% of GDP, today the US dollar is a fiat currency that the fed can print at will and the US debt is over 120% of GDP. We did not have nuclear weapons in 1929. In 1929 we did not have computers making hundreds of thousands of trades per second. The government at all levels now has over 20 million employees - couldn't find the stats for 1929, but today government is at least an order of magnitude larger. While there was leverage in 1929, it is unlikely that there was anything close to the amount of derivatives in today's market. Despite all that, there is a lot of resemblance IN HUMAN BEHAVIOR between today and 1929. People (or should say "traders") are buying stocks LIKE CRAZY. It is like a piranha feeding frenzy. When it flips the fed may TRY to stop the crash, but they won't be able to.
Well done! keep on doin' what you're doin'!
Thank you! Any other content you would like to see covered?
You do realize the wealthy elite make huge amounts of money off these crashes?
Yup. You can too