Your vote means nothing in when lobbyism is legal. This guy keeps talking about voting, and thinks there is a democracy, when the cold hard truth is there is no democracy.
there is democracy, it is working exactly like all democracies always worked. a system is what it does. what you're seeing isn't a failure of democracy, but its purpose, its working precise as it should.
@@luizmonad777 Let me be clear. There is NO democracy. Your vote doesN'T matter. Why? Because Mr. or Mrs. Lobbyist comes along with a big sack of cash or cash equivalents and tells those "elected" people to do what they want. Simple as. You can "vote" for who you want, but your "vote" will never supersede monetary compensation.
There's no future without transparency and responsibility ... all I see is corporate greed/corruption multiplying every God given yr! And it goes globally ... scary af
Nope because he always falls back into “what do you think and tell me how I’m wrong because I’m probably wrong”. I’ve yet to see one of these videos where the guest has a clue.
Friedberg is my favorite of the All-in group. He speaks when he has something valuable to contribute and does not bother with useless trivia. Please never leave the Podcast, it would be nothing without you
The problem with Monsanto is not about altering seeds, it's the ownership of the seed source which is the problem. They have the potential of owning the food sources
The Department of Education is administered by the United States secretary of education. It has 4,400 employees - the smallest staff of the Cabinet agencies[5] - and an annual budget of $68 billion.[6] The President's 2023 Budget request is for $88.3 billion .
Milton Friedman talked about the four different ways of spending money. 1) you spend somebody else’s money on somebody else - you don’t economize and you don’t seek highest value. 2) you spent somebody else’s money on yourself - you don’t economize, but you do seek highest value. 3) you spend your own money on somebody else - you economize, but you don’t seek highest value. 4) you spend your own money on yourself - you economize, and you seek highest value
Highway robbery. Does anyone see problem with printing $? (Rhetorical) Nothing is free. In the end, we pay for it all. We are not being helped, it's an illusion. We're paying for the printing of $. No wonder we are where t are in prices!
What's realy sick is rich people and china making crap loads of money on treasury bills...driving up our debt and making a ton of money while we get skrewd
@t3r083 I'm sure he wears many hats. Just needs an obsessive perfectionist on his team looking at these things. Surprised nobody has caught that yet. Perhaps his people have gotten comfortable. The fear has faded away.
Improved productivity is great, but not if it’s priced to gouge people. If corporations expect 20 % and 30% margins on a yearly income cycle, all the productivity in the world is not going to solve the problem. The problem is greed. Corporate greed, wanting to make 20 to 30% or more per year as an average gain is criminal when wages are stagnant or effectively at a net negative growth in relation to inflation.
@volakis1966 it's more than just that. Unions, regulations, osha, etc all play a part as well. Then you have the actual workers themselves. It's hard enough to find good workers who aren't aging out. Then you factor in the mindset that they must have higher wages just because. It's weird how everyone wants to blame the "mega corporations" as if that's the focal point of everything. The majority of these places are actually franchised and not making billions of dollars. For instance you're local Walmart or burger King is likely owned and operated by local people. However, everyone sees the name and assumes its one giant entity.
Wrong. It isnt the profit margins, when ice cream went from $0.30 (1960s) to $5.00 (now). That isnt profit margin to blame dingus. MSNBC is rotting your brain
I grow vegetables for myself to make "stuff.". Ordinary people producing stuff at home, and not being heavily extracted by gov and by BlackRock, is sustainable. All these suburban lawns should be haying for horses and other livestock, and ultimately, the horse manure, adds to soil fertility. You see invasive vegetation everywhere that has to be landscaped. All that unwanted vegetation can be fed to goats, or cut straight to garden mulch. Growing vegetables is a soul remedy to the high fructose corn syrup dystopia.
I agree. I hate lawns. I'll know it's bad in the US when HOAs let people dig up their front yard to plant food and let them have chickens in the back yard. Ask North Koreans how well people survive on grass. Answer? They don't. Grass and hay are animal feed, only.
Imagine the massive potential cottage industry from turning lawns or whatever parable land or even vertical garden boxes into food gardens! The cascade of awesomeness to our environment and ourselves is mind blowing
We haven't even given them $200 billion yet... so, no... we don't have hundreds of billions for them yet. Not that that matters anyways, an extra 200 billion on 30 trillion is literally fractions of a single percent of debt increase... AKA, basically unnoticeable. If you actually cared about the US debt, you'd name something that actually matters and drastically affects US debt like social security or Medicare/Medicaid or half a dozen other federal programs that actually affect the US's federal debt count. But, of course, you don't care about things that actually matter, because you're trying to make a narrative that we're spending "insane" or "ridiculous" amounts outside of the country on things that don't affect Americans, and that that's why we're in such a tough financial spot.
@@JohnDorian-j7x200 billion JUST to ukraine.. look what we give NATO yearly, WHO, and aid to the dozens of other countries. I'd guess all our foreign aid and NATO bills equals over 500B yearly.
The problem is the Government is not "giving" the American working class anything. We were forced to pay into the programs and then the Government spent it all knowing people were going to eventually have to be paid back.
His assessment that politics is run by advertising free stuff to the voters seems inaccurate to me. It's more like a political candidate appeals to the interests of powerful donors to fund their campaign, and once the powerful donors have picked their candidates, the regular voters are left to choose between a handful of corrupt options.
This needs to be a debate because many of the points made have simple and factual answers as to the psychology of nations based on socioeconomic status.
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
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.
The success of Amazon is a little more complicated than that, especially if you know anything about their policies in regards to affiliated seller sites, exclusivity deals with manufactures, noncompete, clauses, etc., etc..
It was mainly the lockdowns that did that. The "money printing" certainly contributed to greater income inequality indirectly by driving asset markets higher. Some people like Raoul Pal argue that the ongoing currency debasement is mainly done in order to offset the demographic issues that plague not only the US but all industrialised countries.
Here is what AI had to say about SS 50 years ago: “The 1974 amendments to the Social Security Act addressed these concerns by increasing payroll taxes and benefit adjustments. These changes helped ensure the program's solvency for several decades.”
This interview is totally relevant. My problem is my generation was taught to help others but its gotten out of hand. We can only help so much. Both parties are dividing our country
This speaker has a very comprehensive understanding of economics, inflation, money, and government principles and policies. A deep understanding of issues that impact the global economy.
What happens if you vote somebody in and the person ends up being a liar and does exactly the opposite of what they campaigned on? That's what happens all the time. So, voting is not the answer because people change all the time. They're coerced they're bribed, they're blackmailed. There's all kinds of reasons.
You have to look at Congress and the Senate to see voting is a BS scam many of them are older guys who have been in their seats for decades and guarantee a win all the time,
They should have to actually submit proposal ma to the public, we approve them & then if they don’t follow through they go to jail. You should go to jail if you promise the public one thing and do another. Oh wait, that would imply accountability.
You have three choices and two have them have already run the government so you know what they will do which has put the US where it is today! So the only choice is RFK Jr which is going to give the country back to the people.
The government raided the Social Security Insurance fund. The government won't negotiate lower drug prices with drug companies, because drug companies buy our politicians with campaign contributions. The guest failed to mention this.
Please explain in detail how govt raids social security funds. When you fail to do so please reconsider whatever source told you that and learn how to make better decisions in your life. it's truly embarrassing for humanity.
@@JE-bd3wu George W. Bush White House Archives- How much has the government taken from the Social Security fund? The Government Has Borrowed $1.7 Trillion From The Social Security Trust Fund. The government has borrowed the total value of the Trust Fund to pay for other government spending.
Social Security didn't start with a loaded trust fund. The fund (there are two funds, one for disability and one for retirement) goes up when there is a surplus in payments in vs payments out, and down when there is a deficit. The money being paid into the system goes to the people getting paid by the system. I think people misunderstand the trust funds. They are just a buffer. There isn't a pile of cash in the funds. There are government obligations. So, really, it's not separate from the money printing problem. It's part of it. "Raiding" isn't what most people think it is in this case.
@@JE-bd3wu Social Security ran surpluses for many years, the money was supposed to be put aside for population increases in the future (now). But instead of putting it aside they rolled it into the general funds so they could give tax cuts to the rich. The truth is that social security and medicare pay for themselves and aren't the problem. It's actually you that's ignorant here and an embarrassment to humanity.
I used to hate Tom's interview style, but he's improved so much that I know am really getting a lot out of the interview and enjoying it. Tom is asking some great questions and the ideas are really fascinating.
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years. These nations have progressed through this sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to apathy; From apathy to dependence; From dependence back into bondage. - Alexander Fraser Tytler 1747-1813
@@mpvmenon “A society that puts equality - in the sense of equality of outcome - ahead of freedom will end up with neither equality nor freedom. The use of force to achieve equality will destroy freedom, and the force, introduced for good purposes, will end up in the hands of people who use it to promote their own interests.” -Milton Friedman
A great guest, so bright and informative He has a grasp of everything from science, to the nature of humanity Why can’t we have people like him at the head of our political systems making the tough decisions
Speaking of GMOs like they don't come with strings attached is very misleading. Just look at Monsanto and how aggressively they pursue royalties from their breed of rice. If you plant and grow their roce seed, your field essentially belongs to them. That's not to say nothing of the unknown health concerns stemming from GMO foods.
After their contracts ends, they can always stop using Monsanto's seeds and go back to old varieties... but, there's a reason why the average farm doesn't.
Dear Nerd Bro, Nobody CARES about how much money you have. WE WANT HOUSES. We want to own a home that we can pass on to OUR KIDS. The Middle Class is DONE in America.
You can have one Go buy land and go build your house People are so out of touch. You think what’s going on since 1950s was the “American dream” lol you were sold a lie by bankers wake up You are a completely dependent, low economic productivity. The bankers don’t care to sell you anything anymore You need to go buy LAND to pass down not a “house” you didn’t even build that’s shit to begin with
This truly is about 95% of what matters today. Very complex in terms of what is driving costs and unaffordability, but the main problem is simple. Until costs plunge by 50%+, the American dream is legitimately dead. I don’t see how more politicians don’t see this aside from being completely out of touch.
A lot of us wouldn't be worried about our income going up If everything didn't keep continuously getting more expensive! If I made what I make now, but everything was the same price it was 15 years ago, trust me, I'd be satisfied.
I’m curious as to why in the first 5 mins Tom mentions Trump and Biden and how neither is giving a plan to stop the spending yet he did not mention Bobby Kennedy who has mentioned in his campaign all the issues he’s going to fix including the spending.
Except Trump massively increased the deficit and Biden massively cut it. Under Obama, we had steady economic growth, low inflation, and the deficit reduced every year. If he had a 3rd term, we would be paying down the debt.
@@garythecyclingnerd6219 the last two presidents had increased the deficit by more than all previous presidents combined and its pretty much half and half. Federal spending has not slowed down but the growth of the real economy has and the farther the two separate the more apparent the issues will be.
@garythecyclingnerd6219 this is a fantasy. I am not a fan of Trump, but no where does the data indicate we would be 'paying back' the debt if Obama's policies had only been extended 4 more years. He would have had covid to deal with, and would have turned on the money printer, jacked inflation and increased the rate of dollar debasement. Trump is incompetent, but neither Biden or Obama were fiscally responsible.
@@garythecyclingnerd6219I've heard some insane lies in my day but this comment is probably top 5 now. You're either benefiting financially from these lies or you're just so ignorant of reality you must Biden is doing a "great job"
That "program", social security, is a Contract between me and my government. I kept my part thru 50 years of military service and gainful employment. Uncle Sam must keep his word.
The US is keeping its word for you 50+ year olds... its trying to STOP it for future generations before they get vested into the program though... and for some reason, they won't.
@Banmuyuan And the Bankers are able to print money out of thin air. Is it any wonder the oligarchs rule us? It's insane that people allow a small cabal to control the monetary system and enslave the rest of us in debts that we can never pay.
RFK Jr. is sick and he's only tempting you. He's only gaining momentum because he's the 3rd person, an alternative, but he is the last person you should be behind. Think smart and realistically: Biden, for now.
I'm so glad Tom interviewed Friedberg. He is my favorite on the All In. This brought me in and gave me a chance to watch Tom - love the show. I'm definitely subscribing and I want to hear a lot more interviews from Tom. Maybe try Michael Saylor next? In terms of David, I love how David thinks. He's a free thinker and really what our country needs. If David Friedberg said the same thing on 10 other podcasts, I'd watch every second of those other podcasts like I did this one. I wish he'd be more vocal and debate harder in every All In Podcast because when David is involved, those are the best ones. I'd really love for David to touch millions of others by doing more 1-1 interviews as well. He is an incredible and powerful voice. He is extremely rational and well studied with history as well as very in tune with innovation. I just can't get enough David Friedberg. Maybe he should write a book as well.
RFJ Jr. is a cook. Plenty of other politicians that have "presented" "Proposals" on how to "get the debt problem under control"... the problem is: once they get into office, they never actually do anything they "proposed". The entire modern US political historical record has been rife with such "candidates". They all fail, just like RFK Jr. would if he was elected.
The preponderance of Gov't spending that created this mess is unconstitutional. The idea a constitutional amendment would solve anything is ludicrous. The constitution is only as good as the people who make up the society it serves. If the people are capricious, reckless and ill informed no constitution will protect them from gov't or much more; themselves. An example: The seizing of bank accounts during the Canadian trucker protest was later ruled unconstitutional by the Canadian supreme court. Didn't stop it happening and no punishment was meted out for the violation.
@02:07:55 Its not that GMOs are bad necessarily, its that some of the biggest disasters that happen to us have come from human intervention by a centralizing authority and on an industrial scale. The real GMO skeptics are skeptical of the claims that GMOs are "safe", because such a claim will only play out in time. We won't know the negative effects, if any, of those GMOs potentially for decades, so people should be skeptical of the "safe" claim. It's like how Fauci couldn't have known if the jab was safe or not, yet he loudly and proudly proclaimed that it was. Well it wasn't, and all the alternative treatments which were decried as conspiracy theories and doctors were silenced over them ended up being correct. I'll never give up my horse medicine. Be skeptical of things that have only been around in the short term. The negative effects sometimes take decades to play out. Just look at how bad vegetable oils and high fructose corn syrup has been for us.
100%. The scary thing about this guy condescending to those in FL etc he claims who are just defending the meat industry … I’m a vegan and stand with DeSantis on this! … we won’t find out what lab grown meat and food does to us till 20 years later.
"some of the biggest disasters that happen to us have come from human intervention from central authority on industrial scale" 👈🏽 💯 This was so obvious during the covid, like why force mRNA vaccines on people when millions pros & non pros are skeptical 🫤
Every breakthrough technology is a double edged sword by nature. They’re paradigm shifts that inevitably destroy precursor industries and replace them with new ones. If you recall he laid out his worldview on these kinds of technologies an hour before the GMO discussion and essentially said top down gov regulation cripples their growth and that these technological leaps are worth the risks as humans have historically fine tuned them over time. We don’t use lead pipes anymore, we don’t use asbestos in insulation, we rotate crops now instead of destroy the topsoil, we pasteurize milk, we have expiration dates on food, we have workers rights, etc etc. as technology becomes more groundbreaking it undoubtedly comes with higher risks but there’s no reason to believe we can’t combat them and we certainly shouldn’t willfully retard the trajectory of humanity out of fear of the unknown. Even our most prehistoric ancient hominid ancestors left the canopies of the trees and become bipedal. It’s not only philosophically unsophisticated to accept a certain threshold of technology as being the idea human condition it’s literally inhuman to do so. Our entire biological and civilizational trajectory is defined by rapid and extreme adaptation and innovation. Any reasonable and thinking person approaches new concepts with skepticism but GMOs have been on the market for 50 years and as he pointed out have contributed to a surplus in food resources globally and has aided entire swaths of the population. He used the gmo “golden rice” example to illustrate this fact. The same is true with vaccines and RFK has recently shifted societies understanding on them to a great extent but even he concedes that the risks, though present are minuscule relative to their net positive. He’s the biggest public advocate for pharmaceutical transparency in the country and even he doesn’t delegitimize the vital role they play in modern society. In fact every time I’ve ever heard him talk about vaccines he always makes a point to tell the interviewee/audience that him and his kids are all vaccinated.
In fact if i recall correctly RFK has never sued a pharmaceutical company to cease production or distribution of vaccines he’s only ever sued against willful deceit/coverup and refusal to acknowledge adverse symptoms and compensate victims.
Food ‘protein’ grown from sugar in a fermenter tank…vs animals raised on vegetation grown in soil and sunshine - kinda like fake eggs or corn/soy feed for chickens vs farm fresh pasture-raised organic eggs. Completely different nutrition profile.
The recession is here, where do investors look at for wealth gains now? mortgage rates still on the rise with higher imports and lower exports, yet the Fed is to lessen cost. Something will eventually break if they keep raising interests and quantitative tightening.
if you want to hold on to cash, put it in a safe deposit box, if you want assets, buy things people need in a shtf society, food, ammo, wood, water filters, tools, have a skill at building and fixing
In the future, a space cowboy will lasso a heavy metal asteroid and bring it into Earth's orbit for mining, causing gold and platinum prices to plummet.
To achieve this and cause a crash it needs to be done quickly. To achieve this quickly requires funding. To take on funding requires debt, which when transformed to revenue will balance everything out. That's my thoughts
Comparing one fiat currency against another, and saying one has gone up in value against the other, is like being on a sinking ship in the ocean and looking across at another ship that is sinking faster, and thinking you are being lifted up. In this scenario something with intrinsic value, like gold, can be compared to dry land, which is not sinking.
It’s really not hard to grasp. Folks who would NEVER allow themselves and their family to fall into debt have zero problem with the government going into tremendous debt. The US government is a rental car.
@@videoluvr4204RFK Jr has been spouting a lot of what these people talked about and he happens to be a presidential candidate this year. The phrase they said is his campaign slogan because he’s running 3rd party (might change tho since he said something about the DNC).
Why do I never hear from economists about the huge waste of tax payer money that goes to supporting other countries like Israel and Ukraine? The amounts are enormous, spent on warmongering, supporting regimes, and its led by the lobbists in Washington who in turn, are getting ungodly wealthy on the back on average Joe.
Because most of that money doesn't go to those countries, it goes straight to US companies with military contracts who make the weapons that we then send to those countries. The corrupt politicians are getting their share of those profits so they will always vote to "send money" to those countries.
Because it's such a small %.. waste? Absolutely.. and I hate it as well, our foreign aid to dozens of countries is bullshit and we pay most of NATO, the WHO and so on.. but we've gave ukraine 200 billion in 3 years, of 34T debt that 200B is only 0.7% of our debt. So it's nothing.. BUT 200B shouldn't be going to help americans
The fact we give these countries so much money actually artificially props up the value of our fiat currency. Once we give someone a free billion dollars, they spend that money and the people that they purchase from also spend that money. It’s a joke way to maintain value though.
If you want to maintain super power status then you got to give freebies. If we don’t, some other power will. Create a vacuum, some other power will fill it in, and quickly.
Our taxes are going to Ukraine to fund American industries, however, that money goes into the pocket of oligarchs. Very little goes into production and jobs for the little people and some fat cat is on track to be the next billionaire. That is the problem. US taxpayers fund the RISK while fat cats REAP the PROFITS. That model is WRONG.
Voters will never vote for less. DC will never limit or stop its spending. The solution is to pass and ratify a statutory constitutional limitation on spending through the Article V convention mechanism in the Constitution. 19 of the 34 required states have already done this and if you will help educate folks about this option it could be a viable solution. Thanks
The solution is to force the legislature to pass a bill that bans ALL sitting members of congress from seeking re-election should they exceed the budget.
@@garythecyclingnerd6219 Not necessarily. If the US cripples (similar to the soviet union) there will be an insane amount of almost free investments. A handful of people would actually benefit massively. When most people lose wealth some get a huge part of that lost wealth. I see i it quite similar to the energy preservetion
@@garythecyclingnerd6219 Not when their funders who have placed them are aiming to collapse the US economy to cause chaos to make it easy for complete capture.
@@japorto100 I can’t overstate how patently evil and stupid you have to be to believe that blowing up the the world’s biggest economy and reserve currency will be beneficial to you.
seems so cyclical. wars themself cause mass deficits due to gov spending, debt etc.. however wars also stimulate economies and post war reconstruction efforts stimulate exports... and the cycle goes on.. and on.. and on... draw a timeline of US wars and budget status it's interesting. something like this: 1939 1944 1949 1954 1959 1964 1969 1974 1979 1984 |---------|---------|---------|---------|---------|---------|---------|---------|---------|---------|------------|------------| |--WWII--| |-----Korea-----| |---Vietnam---| |---Gulf War---| |---Deficit---| |---Surplus---| |-----Deficit-----|---Surplus---| |---Deficit---| |---Surplus---|
It's more likely that they print at least some of the money as a consequence ultimately of demographics (as Raoul Pal and others have argued for a while now) - to compensate for lower workforce participation, which has been trending lower for 50 years. And the money printing now is part of the debt refi cycle that Michael Howell has been talking about for ages. Of course not denying some of the money printing is also in aid of the military-industrial complex and their kleptocracy
@@mwilliamson4198 money printing is inflationary, not deflationary. It does not compensate for low economic participation, it makes those issues worse.
You believe that corporations were less greedy in 2019. Then in 2021 corporations became extra greedy. Then in 2023 through 2024 corporations became less greedy again on a month-over-month basis? Any scientific backing for these wild claims? How are you measuring "greed" and how many additional units of greed do corporations have compared to pre-pandemic levels of greed?
@@LegalAutomation It has nothing to do with greed, businesses need to make a profit otherwise what's the point, when the fed creates a lot of money that action devalues the dollar so businesses have no choice but to raise their prices to make a profit
Producer shoulda jumped in after 2 minutes... don't clamp the mics to the desk, put down a foam pad thingy, something...ANYTHING. yeah, unfortunately SUPER distracting...
Friedberg ihas a very logical thought process. I enjoy his thought process. He has a tendency to give you his thoughts in terms of A leads to B, B leads to C which fits the way I think and absorb information. Very enjoyable. His research too is quite amazing and worth hearing about.
RFK is the way! F the duopoly. At the very least help the man on the ballot. We need to blaze a path and precedent for third party candidates. Then come November it’s your business. But right now this is America’s need. Chances are you won’t love next red and blue candidate. We need to expand the field.
WARNING: I will NEVER ask for your contact info in the comments section, that is someone impersonating me!
Would give it to you instantly if you ever did!! 🥰🤩 l
Love your stuff! Keep it up brother!!
@@johnq1926thats exactly why he said that
Bill Clinton didn't show anything about balancing the budget. It was Ross Perot. People are not open for a third party party.
Generally speaking David Friedberg is a well balanced person.
In Gold we Trust!
Your vote means nothing in when lobbyism is legal. This guy keeps talking about voting, and thinks there is a democracy, when the cold hard truth is there is no democracy.
The illusion of choice is the greatest weapon for the rich.
there is democracy, it is working exactly like all democracies always worked. a system is what it does.
what you're seeing isn't a failure of democracy, but its purpose, its working precise as it should.
1000% correct...all we can do is buy gold and silver and waite
@@luizmonad777 Let me be clear. There is NO democracy. Your vote doesN'T matter. Why? Because Mr. or Mrs. Lobbyist comes along with a big sack of cash or cash equivalents and tells those "elected" people to do what they want. Simple as. You can "vote" for who you want, but your "vote" will never supersede monetary compensation.
There's no future without transparency and responsibility ... all I see is corporate greed/corruption multiplying every God given yr! And it goes globally ... scary af
David's ability to simplify complex concepts and connecting the dots together is next level.
Nope because he always falls back into “what do you think and tell me how I’m wrong because I’m probably wrong”. I’ve yet to see one of these videos where the guest has a clue.
Inflation is vicious regressive taxation on the poor and middle class.
I think of it more as _theft._
Neither of these two guys gives two fucks about the poor or middle class
Inflation is far worse, they take once and you pay forever.
Friedberg is my favorite of the All-in group. He speaks when he has something valuable to contribute and does not bother with useless trivia. Please never leave the Podcast, it would be nothing without you
My favorite is jason! Always has intelligent and important things to say, and has really good predictions
@@seanpierre1338 will u sacrifice yourself for them?
@@tuckerbugeater my comment was being sarcastic jason is the dumbest person that i listen to
100000%
@@tuckerbugeater im joking lol i hate jcal with a passion it keeps me up at night
The problem with Monsanto is not about altering seeds, it's the ownership of the seed source which is the problem. They have the potential of owning the food sources
Heirloom seeds. Vacuum sealed and or freeze dried
there's a problem with altering the seeds also to withstand pesticides. And yes patenting life, is not a good policy.
As Milton Freidman said: "When you spend somebody else's money, you don't care how much you spend, because it's not yours."
The Department of Education is administered by the United States secretary of education. It has 4,400 employees - the smallest staff of the Cabinet agencies[5] - and an annual budget of $68 billion.[6] The President's 2023 Budget request is for $88.3 billion .
Milton Friedman talked about the four different ways of spending money.
1) you spend somebody else’s money on somebody else - you don’t economize and you don’t seek highest value.
2) you spent somebody else’s money on yourself - you don’t economize, but you do seek highest value.
3) you spend your own money on somebody else - you economize, but you don’t seek highest value.
4) you spend your own money on yourself - you economize, and you seek highest value
ua-cam.com/video/XsRk9RThGt0/v-deo.htmlsi=9VBabMV8IbBg0U7i
@@dmo7815 yep, they just continue to print, tax and spend. The entire budget is now $7 trillion. Crazy.
Our Government is a reflection of the people (we the people) yet in denial of a perpetuating problem of endless debt, 🤔…
Federal Reserve prints money = no problem. Citizen prints money = counterfeit felony. Got it 👍🏻
Highway robbery. Does anyone see problem with printing $? (Rhetorical) Nothing is free. In the end, we pay for it all. We are not being helped, it's an illusion.
We're paying for the printing of $. No wonder we are where t are in prices!
I learned that when I was 11... do more research
@@BB_Icee You're a savant man. Amazing!
Print food, not money. Hatch quail, take their fertile eggs in 6 weeks and incubate them for more quail who will lay more eggs in 6 weeks!
What's realy sick is rich people and china making crap loads of money on treasury bills...driving up our debt and making a ton of money while we get skrewd
Tom you need floating floor mics. When you clamp them to the table, everything someone's hand hits the table our speakers pick it up
Seriously can’t believe at this point his audio quality is so mediocre
@t3r083 I'm sure he wears many hats. Just needs an obsessive perfectionist on his team looking at these things. Surprised nobody has caught that yet. Perhaps his people have gotten comfortable. The fear has faded away.
Drove me crazy in my headphones
agreed. time to get pro, the thuds gotta go.
clamping to table is fine, if they're suspended in a "flloating box", which they are not
This guy is a great mind. Thank you for bringing him on. David is so intelligent, versatile and a language genius.
Improved productivity is great, but not if it’s priced to gouge people. If corporations expect 20 % and 30% margins on a yearly income cycle, all the productivity in the world is not going to solve the problem. The problem is greed. Corporate greed, wanting to make 20 to 30% or more per year as an average gain is criminal when wages are stagnant or effectively at a net negative growth in relation to inflation.
@volakis1966 it's more than just that. Unions, regulations, osha, etc all play a part as well. Then you have the actual workers themselves. It's hard enough to find good workers who aren't aging out. Then you factor in the mindset that they must have higher wages just because.
It's weird how everyone wants to blame the "mega corporations" as if that's the focal point of everything. The majority of these places are actually franchised and not making billions of dollars. For instance you're local Walmart or burger King is likely owned and operated by local people. However, everyone sees the name and assumes its one giant entity.
Wrong. It isnt the profit margins, when ice cream went from $0.30 (1960s) to $5.00 (now). That isnt profit margin to blame dingus. MSNBC is rotting your brain
I grow vegetables for myself to make "stuff.". Ordinary people producing stuff at home, and not being heavily extracted by gov and by BlackRock, is sustainable. All these suburban lawns should be haying for horses and other livestock, and ultimately, the horse manure, adds to soil fertility.
You see invasive vegetation everywhere that has to be landscaped. All that unwanted vegetation can be fed to goats, or cut straight to garden mulch.
Growing vegetables is a soul remedy to the high fructose corn syrup dystopia.
Seriously folks, food shortages are heading our way. Grow your own food 🍲
High fructose corn syrup giving me gout is real.
I agree. I hate lawns. I'll know it's bad in the US when HOAs let people dig up their front yard to plant food and let them have chickens in the back yard.
Ask North Koreans how well people survive on grass. Answer? They don't. Grass and hay are animal feed, only.
Imagine the massive potential cottage industry from turning lawns or whatever parable land or even vertical garden boxes into food gardens! The cascade of awesomeness to our environment and ourselves is mind blowing
@@griffinsdad9820 Self watering containers are legit too. Great for water conservation.
$30 Trillion in debt… but weve got hundreds of billions for Ukraine and Illegal immigrant benefits.
We haven't even given them $200 billion yet... so, no... we don't have hundreds of billions for them yet. Not that that matters anyways, an extra 200 billion on 30 trillion is literally fractions of a single percent of debt increase... AKA, basically unnoticeable. If you actually cared about the US debt, you'd name something that actually matters and drastically affects US debt like social security or Medicare/Medicaid or half a dozen other federal programs that actually affect the US's federal debt count. But, of course, you don't care about things that actually matter, because you're trying to make a narrative that we're spending "insane" or "ridiculous" amounts outside of the country on things that don't affect Americans, and that that's why we're in such a tough financial spot.
@@JohnDorian-j7x Plus it's closer to 35trillion.
Don't forget money to israhell
@@JohnDorian-j7x200 billion JUST to ukraine.. look what we give NATO yearly, WHO, and aid to the dozens of other countries. I'd guess all our foreign aid and NATO bills equals over 500B yearly.
Dont forget US was instrumental to nudging both sides into the conflict and then prolonging it….
This is awesome, I always want to hear more of Dave’s points on All In. He is definitely the highest signal person on that pod.
So good to get Friedberg alone!!
So, so good. Honestly, the only one among the four I look forward to listening to.
The problem is the Government is not "giving" the American working class anything. We were forced to pay into the programs and then the Government spent it all knowing people were going to eventually have to be paid back.
oh and democrats
Not really. Its always been a ponzi. You are paying for today's dependents.
@@biffhenderson5625guess you like more tax cuts for the rich huh 😂
1:15:10 at what cost? How many small business owners were put out of business for this to happen?
The USA government gamble it away and no you pay
His assessment that politics is run by advertising free stuff to the voters seems inaccurate to me.
It's more like a political candidate appeals to the interests of powerful donors to fund their campaign, and once the powerful donors have picked their candidates, the regular voters are left to choose between a handful of corrupt options.
It's weird because he is implying there is some other magical option we could take. Doesn't matter who you vote in the same issues persist.
We could stop being so afraid to vote Independent and continuously going in circles with the same parties. Just an idea 🤷♀️@@chrislastname1994
Bingo
This is one of the BEST episodes on this podcast ever!
Agreed. Super underrated.
This needs to be a debate because many of the points made have simple and factual answers as to the psychology of nations based on socioeconomic status.
I enjoyed this talk much more than the past 2. Great job. It felt like less persuasion and more education. Solid ✊️
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
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.
There's one thing you can always count on. These extremely rich guys always blame the middle class and poor for the countries financial issues.
Yeah these people are full of shit
THEY ALWAYS USE THE "PULL YOURSELF BY THE BOOTSTAPS" NONSENSE.
MANY PEOPLE DONT EVEN OWN BOOTS.
Correct biggest companies tax about 10% and they also invest to avoid tax on profit.
@@jarvanwildrift8056Corporations don't pay taxes. Humans pay taxes. Corporate taxes should be abolished.
@@LegalAutomation corporations dont pay taxes. C'mon get up to speed.
The success of Amazon is a little more complicated than that, especially if you know anything about their policies in regards to affiliated seller sites, exclusivity deals with manufactures, noncompete, clauses, etc., etc..
Note, Tom is a GREAT listener. People in leadership positions that are affective are great listeners.
Please have David on more. He’s the best of the Besties. Brilliant thinker. Informative and inspiring.
Really really liked this guest and this episode. Thank you 🙌🏻
If you want to see more of him watch the all in podcast you’ll love it they also recently had Elon musk on🔥
THIS IS WHY I WERE FOUNDING FATHERS DID NOT WANT COMMUNISM OR A CENTRALIZED BANKING SYSTEM. ALL POLITICIANS ARE CROOKS 😡☝️😊
Without fiat currency we would not need a central bank...central banks are the real empire killers
Communism didn’t exist at the time of the Founding Fathers.
Lol communism in the time of the founding fathers? Read a book.
Woodrow Wilson
Communism didn’t exist at the time of the Founding Fathers, and the Federal Reserve is centralized banking.
Printing money during COVID was a catastrophe that transferred wealth in terms of real assets from the poor to the rich
It was mainly the lockdowns that did that. The "money printing" certainly contributed to greater income inequality indirectly by driving asset markets higher. Some people like Raoul Pal argue that the ongoing currency debasement is mainly done in order to offset the demographic issues that plague not only the US but all industrialised countries.
@@mwilliamson4198 what would those demographic issues be precisely?
@@mwilliamson4198 I'm waiting
Largest transfer of wealth in human history ✡️
@@E_Clampus_Vitus Scapegoat much?
Same argument that has been rehashed for the last 50 years in the US.
Here is what AI had to say about SS 50 years ago:
“The 1974 amendments to the Social Security Act addressed these concerns by increasing payroll taxes and benefit adjustments. These changes helped ensure the program's solvency for several decades.”
Well get SS in 30 years but it’ll be 2600 a month and the cost of a studio will be 6000 a month.
@@matthewsmith2362 I was thinking the same thing, and I’m glad I have my house paid down. Probably the only thing that will save me.
@@johnbuckner2828 Your paid of house or anything else will be taken by our Govt. 'You will own nothing and be happy'.
@@kellyname5733 rentals, subscriptions, cbdc, ubi, 5 monopolistic global corporations, but restrictions on my soda size & travel distance.
This interview is totally relevant. My problem is my generation was taught to help others but its gotten out of hand. We can only help so much. Both parties are dividing our country
This speaker has a very comprehensive understanding of economics, inflation, money, and government principles and policies. A deep understanding of issues that impact the global economy.
I would argue that benefits given to people in this country are very neglible in comparsion to spending on non-sensical wars.
You’re actually completely wrong. We spend TRILLIONS a year on entitlements. We spend under $1T on defense.
Why dont you do a 10 second google search before you "argue". You are completely wrong.
Because of the need for war in pursuit of empire Americans can’t have nice things.
What happens if you vote somebody in and the person ends up being a liar and does exactly the opposite of what they campaigned on? That's what happens all the time. So, voting is not the answer because people change all the time. They're coerced they're bribed, they're blackmailed. There's all kinds of reasons.
Your describing our political system today and for the last 50 years
They tell us one thing and do another
You have to look at Congress and the Senate to see voting is a BS scam many of them are older guys who have been in their seats for decades and guarantee a win all the time,
They should have to actually submit proposal ma to the public, we approve them & then if they don’t follow through they go to jail. You should go to jail if you promise the public one thing and do another. Oh wait, that would imply accountability.
You have three choices and two have them have already run the government so you know what they will do which has put the US where it is today! So the only choice is RFK Jr which is going to give the country back to the people.
The government raided the Social Security Insurance fund. The government won't negotiate lower drug prices with drug companies, because drug companies buy our politicians with campaign contributions. The guest failed to mention this.
Please explain in detail how govt raids social security funds. When you fail to do so please reconsider whatever source told you that and learn how to make better decisions in your life. it's truly embarrassing for humanity.
@@JE-bd3wu George W. Bush White House Archives- How much has the government taken from the Social Security fund? The Government Has Borrowed $1.7 Trillion From The Social Security Trust Fund. The government has borrowed the total value of the Trust Fund to pay for other government spending.
Social Security didn't start with a loaded trust fund. The fund (there are two funds, one for disability and one for retirement) goes up when there is a surplus in payments in vs payments out, and down when there is a deficit. The money being paid into the system goes to the people getting paid by the system.
I think people misunderstand the trust funds. They are just a buffer.
There isn't a pile of cash in the funds. There are government obligations. So, really, it's not separate from the money printing problem. It's part of it.
"Raiding" isn't what most people think it is in this case.
@@JE-bd3wu Social Security ran surpluses for many years, the money was supposed to be put aside for population increases in the future (now). But instead of putting it aside they rolled it into the general funds so they could give tax cuts to the rich. The truth is that social security and medicare pay for themselves and aren't the problem. It's actually you that's ignorant here and an embarrassment to humanity.
He also failed to mention that corporate welfare is a far bigger drain on the public purse than all social programs COMBINED!
I used to hate Tom's interview style, but he's improved so much that I know am really getting a lot out of the interview and enjoying it. Tom is asking some great questions and the ideas are really fascinating.
One of the amazing things I love about idaho is we have laws against deficits. We HAVE TO balance our budget every year.
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years. These nations have progressed through this sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to apathy; From apathy to dependence; From dependence back into bondage.
- Alexander Fraser Tytler
1747-1813
Great comment!
@@mpvmenon “A society that puts equality - in the sense of equality of outcome - ahead of freedom will end up with neither equality nor freedom. The use of force to achieve equality will destroy freedom, and the force, introduced for good purposes, will end up in the hands of people who use it to promote their own interests.”
-Milton Friedman
...and then Argentinians elected Milei. I'm not as big of a fan boy as these rich guys are, but I'm willing to wait and see how he does.
So true. Wish we could break this cycle. Too bad america will fall like this.
We’re at apathy and dependence. Next up: bondage
borlest forbidden money books (thank me later)
A great guest, so bright and informative
He has a grasp of everything from science, to the nature of humanity
Why can’t we have people like him at the head of our political systems making the tough decisions
Yes, well said. We hang on to every word you say @fridberg. Your word is the most cherished on the all in.
I highly value David Sacks.
Speaking of GMOs like they don't come with strings attached is very misleading. Just look at Monsanto and how aggressively they pursue royalties from their breed of rice. If you plant and grow their roce seed, your field essentially belongs to them. That's not to say nothing of the unknown health concerns stemming from GMO foods.
He was an executive at Monsanto
After their contracts ends, they can always stop using Monsanto's seeds and go back to old varieties... but, there's a reason why the average farm doesn't.
@@populisttrope9385sold his company for 1B to Monsanto
I've read that stray seeds that blow into neighboring farmland then become Monsanto's, too.
@@JohnDorian-j7x Once you plant GMO, the land can no longer support natural.
Dear Nerd Bro,
Nobody CARES about how much money you have.
WE WANT HOUSES.
We want to own a home that we can pass on to OUR KIDS.
The Middle Class is DONE in America.
You can have one
Go buy land and go build your house
People are so out of touch. You think what’s going on since 1950s was the “American dream” lol you were sold a lie by bankers wake up
You are a completely dependent, low economic productivity. The bankers don’t care to sell you anything anymore
You need to go buy LAND to pass down not a “house” you didn’t even build that’s shit to begin with
Not just any house, affordable and in a decent location.
Don't fall for that trap.
This truly is about 95% of what matters today. Very complex in terms of what is driving costs and unaffordability, but the main problem is simple. Until costs plunge by 50%+, the American dream is legitimately dead. I don’t see how more politicians don’t see this aside from being completely out of touch.
i dont work to own nothing. only a slave does that.
they want your kids to rent off them. why would they change that ?
A lot of us wouldn't be worried about our income going up If everything didn't keep continuously getting more expensive! If I made what I make now, but everything was the same price it was 15 years ago, trust me, I'd be satisfied.
Amen JT
Your J O B stands for 'Just Over Broke'.
You can't see how that's mathematically impossible??? Lol wtf
Tell me you know nothing about economics without telling me you know nothing about economics, lmao
This is the duo I was waiting for. You both should do more pods together. Well done boys 🤙🏼
Indeed, it is the variety of opinions and approaches that makes All-In so valuable to me. So glad you're there, Friedberg!
Great interview.
For productivity to increase we have to actually produce stuff here in the US. Tangible stuff, not just GPT chat bots.
GPT boosts productivity. And its just the beginning of AI technology.
Friedburg 2024!! I love that he hated the political side of All In and now he is here. I'm all for it!
I have NOTHING!.... therefore, i dont give a FUCK!😂🎉😂🎉
I'm a poor Fuck too😂..But I have my brain left to keep the hope and keep trying change to it up..😂
@@butterfly2604 lol 😆
Im broke, but I had HOPE... I guess I spent that at the grocery.
Ironic isn't it. Uncle Sam wants you to go to war for nothing? Pure stupidity
You definitely aren’t the only one… 😂
David is such a likable person. Value added to this world.
Huge fan of David's. Thanks for this gentlemen!
I’m curious as to why in the first 5 mins Tom mentions Trump and Biden and how neither is giving a plan to stop the spending yet he did not mention Bobby Kennedy who has mentioned in his campaign all the issues he’s going to fix including the spending.
Except Trump massively increased the deficit and Biden massively cut it. Under Obama, we had steady economic growth, low inflation, and the deficit reduced every year. If he had a 3rd term, we would be paying down the debt.
@@garythecyclingnerd6219 Biden is on track to break Trump's atrocious inflation record. Biden is cooked. Fighting over those 2 is absolutely INSANE
@@garythecyclingnerd6219 the last two presidents had increased the deficit by more than all previous presidents combined and its pretty much half and half. Federal spending has not slowed down but the growth of the real economy has and the farther the two separate the more apparent the issues will be.
@garythecyclingnerd6219 this is a fantasy. I am not a fan of Trump, but no where does the data indicate we would be 'paying back' the debt if Obama's policies had only been extended 4 more years. He would have had covid to deal with, and would have turned on the money printer, jacked inflation and increased the rate of dollar debasement.
Trump is incompetent, but neither Biden or Obama were fiscally responsible.
@@garythecyclingnerd6219I've heard some insane lies in my day but this comment is probably top 5 now. You're either benefiting financially from these lies or you're just so ignorant of reality you must Biden is doing a "great job"
I love this channel. I listen on my headphones. One request. Can you please stop tapping the desk, your microphone booms. Thanks
That "program", social security, is a Contract between me and my government. I kept my part thru 50 years of military service and gainful employment. Uncle Sam must keep his word.
Correct, problem in the US cant be that kind of spending. Look at Sweden much lower debt but better social care for the people.
Good luck on Uncle Sam keeping their word!!
The US is keeping its word for you 50+ year olds... its trying to STOP it for future generations before they get vested into the program though... and for some reason, they won't.
I appreciate David sharing his views and his honesty.
Best and easy to understand explanation about how inflation works. Well Done!
Our Government is a reflection of the people (we the people) yet in denial of a perpetuating problem of endless debt, 🤔…
Federal reserve is not federal, it's private bankers. The US government borrows from the federal reserve and pay interests to those bankers.
Yup. The most recent one is the myth that the Fed is independent of the Treasury. Which is another myth that is quickly dying
It’s not federal and there are NO reserves! 😂
@Banmuyuan And the Bankers are able to print money out of thin air. Is it any wonder the oligarchs rule us? It's insane that people allow a small cabal to control the monetary system and enslave the rest of us in debts that we can never pay.
The interest is paid to the FED, not to the people running the FED.
@@nosteinnogate7305 to the people who own the FED.
RFK Jr. is talking about all of these issues!!!!
He supports genocide in Palestine in full. Also, he is supported by billionaires for his campaign, so he is already compromised.
i don't know the laws of US political systems but isnt he hout of this election cycle? democrats chose biden republicans trump no?
RFK Jr. is sick and he's only tempting you. He's only gaining momentum because he's the 3rd person, an alternative, but he is the last person you should be behind. Think smart and realistically: Biden, for now.
Sadly, that is why he won't win.
@@witchywomen6650 He is capturing an audience.
Everything will be fine and you will shine like a rising star, achieving great success and wealth
Best explanation I’ve heard. Thanks Mr. Friedberg.
I'm so glad Tom interviewed Friedberg. He is my favorite on the All In. This brought me in and gave me a chance to watch Tom - love the show. I'm definitely subscribing and I want to hear a lot more interviews from Tom. Maybe try Michael Saylor next? In terms of David, I love how David thinks. He's a free thinker and really what our country needs. If David Friedberg said the same thing on 10 other podcasts, I'd watch every second of those other podcasts like I did this one. I wish he'd be more vocal and debate harder in every All In Podcast because when David is involved, those are the best ones. I'd really love for David to touch millions of others by doing more 1-1 interviews as well. He is an incredible and powerful voice. He is extremely rational and well studied with history as well as very in tune with innovation. I just can't get enough David Friedberg. Maybe he should write a book as well.
Hit 240k today. I'm really grateful for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in December 2022
I would really love to know how much work you did put in to get to this stage.
Which signal do you guys trade?
Thanks to Mr Harrick Jason.
I'm surprised that this name is being mentioned here, I stumbled upon one of his clients testimony on CNBC news last week.
Alright thanks, but how do I reach him?
The only candidate I've seen present a proposal on how to get the debt problem under control is RFK Jr.
RFJ Jr. is a cook. Plenty of other politicians that have "presented" "Proposals" on how to "get the debt problem under control"... the problem is: once they get into office, they never actually do anything they "proposed". The entire modern US political historical record has been rife with such "candidates". They all fail, just like RFK Jr. would if he was elected.
and Dave doesn't support him because Dave is a vaccine shill
One of my favorite, thoughtful thinkers. Very based. Thanks.
Hollyy how I missed this 😮 2 hrs of David Friedberg is crazzyyy 🎉🎉 love this
The preponderance of Gov't spending that created this mess is unconstitutional. The idea a constitutional amendment would solve anything is ludicrous.
The constitution is only as good as the people who make up the society it serves. If the people are capricious, reckless and ill informed no constitution will protect them from gov't or much more; themselves.
An example: The seizing of bank accounts during the Canadian trucker protest was later ruled unconstitutional by the Canadian supreme court. Didn't stop it happening and no punishment was meted out for the violation.
@02:07:55
Its not that GMOs are bad necessarily, its that some of the biggest disasters that happen to us have come from human intervention by a centralizing authority and on an industrial scale. The real GMO skeptics are skeptical of the claims that GMOs are "safe", because such a claim will only play out in time. We won't know the negative effects, if any, of those GMOs potentially for decades, so people should be skeptical of the "safe" claim.
It's like how Fauci couldn't have known if the jab was safe or not, yet he loudly and proudly proclaimed that it was. Well it wasn't, and all the alternative treatments which were decried as conspiracy theories and doctors were silenced over them ended up being correct. I'll never give up my horse medicine.
Be skeptical of things that have only been around in the short term. The negative effects sometimes take decades to play out. Just look at how bad vegetable oils and high fructose corn syrup has been for us.
100%. The scary thing about this guy condescending to those in FL etc he claims who are just defending the meat industry … I’m a vegan and stand with DeSantis on this! … we won’t find out what lab grown meat and food does to us till 20 years later.
"some of the biggest disasters that happen to us have come from human intervention from central authority on industrial scale" 👈🏽 💯
This was so obvious during the covid, like why force mRNA vaccines on people when millions pros & non pros are skeptical 🫤
Every breakthrough technology is a double edged sword by nature. They’re paradigm shifts that inevitably destroy precursor industries and replace them with new ones. If you recall he laid out his worldview on these kinds of technologies an hour before the GMO discussion and essentially said top down gov regulation cripples their growth and that these technological leaps are worth the risks as humans have historically fine tuned them over time. We don’t use lead pipes anymore, we don’t use asbestos in insulation, we rotate crops now instead of destroy the topsoil, we pasteurize milk, we have expiration dates on food, we have workers rights, etc etc. as technology becomes more groundbreaking it undoubtedly comes with higher risks but there’s no reason to believe we can’t combat them and we certainly shouldn’t willfully retard the trajectory of humanity out of fear of the unknown. Even our most prehistoric ancient hominid ancestors left the canopies of the trees and become bipedal. It’s not only philosophically unsophisticated to accept a certain threshold of technology as being the idea human condition it’s literally inhuman to do so. Our entire biological and civilizational trajectory is defined by rapid and extreme adaptation and innovation. Any reasonable and thinking person approaches new concepts with skepticism but GMOs have been on the market for 50 years and as he pointed out have contributed to a surplus in food resources globally and has aided entire swaths of the population. He used the gmo “golden rice” example to illustrate this fact. The same is true with vaccines and RFK has recently shifted societies understanding on them to a great extent but even he concedes that the risks, though present are minuscule relative to their net positive. He’s the biggest public advocate for pharmaceutical transparency in the country and even he doesn’t delegitimize the vital role they play in modern society. In fact every time I’ve ever heard him talk about vaccines he always makes a point to tell the interviewee/audience that him and his kids are all vaccinated.
In fact if i recall correctly RFK has never sued a pharmaceutical company to cease production or distribution of vaccines he’s only ever sued against willful deceit/coverup and refusal to acknowledge adverse symptoms and compensate victims.
Food ‘protein’ grown from sugar in a fermenter tank…vs animals raised on vegetation grown in soil and sunshine - kinda like fake eggs or corn/soy feed for chickens vs farm fresh pasture-raised organic eggs. Completely different nutrition profile.
This guy is right! Right in line with RFKJR! Why isn’t he mentioning RFK!
He cant win. The best possibility is vp
Because he is a vaccine shill.
I love David 🎉🎉🎉
David Friedberg is my favorite from the All in Podcast
The recession is here, where do investors look at for wealth gains now? mortgage rates still on the rise with higher imports and lower exports, yet the Fed is to lessen cost. Something will eventually break if they keep raising interests and quantitative tightening.
if you want to hold on to cash, put it in a safe deposit box, if you want assets, buy things people need in a shtf society, food, ammo, wood, water filters, tools, have a skill at building and fixing
Invest in tortillas !
In the future, a space cowboy will lasso a heavy metal asteroid and bring it into Earth's orbit for mining, causing gold and platinum prices to plummet.
To achieve this and cause a crash it needs to be done quickly. To achieve this quickly requires funding. To take on funding requires debt, which when transformed to revenue will balance everything out.
That's my thoughts
Your real money is your time, but only money for me. My life is finite and ends. Labor ends. We are lucky to live in such a glorious time.
My brain acts most like the two people on this show. Thank you for putting together a good show!
Comparing one fiat currency against another, and saying one has gone up in value against the other, is like being on a sinking ship in the ocean and looking across at another ship that is sinking faster, and thinking you are being lifted up. In this scenario something with intrinsic value, like gold, can be compared to dry land, which is not sinking.
More valuable than gold would be to buy the currency of the sinking ship that comes from the country where the oil that powers those ships comes from.
Anyone with a brain can understand this...the government should never be allowed to have fiat debt
Ponzi scheme
It’s really not hard to grasp. Folks who would NEVER allow themselves and their family to fall into debt have zero problem with the government going into tremendous debt. The US government is a rental car.
Most people have no idea where or how government gets or utilizes money. Its like a child getting money from Dad at the carnival.
Great explanations, thanks for this
Declare your Independence folks!
what does this mean?
I did. I own Bitcoin.
@@videoluvr4204RFKjr 2024🇺🇸🇺🇸🇺🇸
How??
@@videoluvr4204RFK Jr has been spouting a lot of what these people talked about and he happens to be a presidential candidate this year. The phrase they said is his campaign slogan because he’s running 3rd party (might change tho since he said something about the DNC).
Phenomenal interview, thank you Tom!
Amazing dude! Thanks for such an amazing guest!
Why do I never hear from economists about the huge waste of tax payer money that goes to supporting other countries like Israel and Ukraine? The amounts are enormous, spent on warmongering, supporting regimes, and its led by the lobbists in Washington who in turn, are getting ungodly wealthy on the back on average Joe.
Because most of that money doesn't go to those countries, it goes straight to US companies with military contracts who make the weapons that we then send to those countries. The corrupt politicians are getting their share of those profits so they will always vote to "send money" to those countries.
Because it's such a small %.. waste? Absolutely.. and I hate it as well, our foreign aid to dozens of countries is bullshit and we pay most of NATO, the WHO and so on.. but we've gave ukraine 200 billion in 3 years, of 34T debt that 200B is only 0.7% of our debt. So it's nothing.. BUT 200B shouldn't be going to help americans
The fact we give these countries so much money actually artificially props up the value of our fiat currency.
Once we give someone a free billion dollars, they spend that money and the people that they purchase from also spend that money. It’s a joke way to maintain value though.
If you want to maintain super power status then you got to give freebies. If we don’t, some other power will. Create a vacuum, some other power will fill it in, and quickly.
Our taxes are going to Ukraine to fund American industries, however, that money goes into the pocket of oligarchs. Very little goes into production and jobs for the little people and some fat cat is on track to be the next billionaire. That is the problem. US taxpayers fund the RISK while fat cats REAP the PROFITS. That model is WRONG.
Voters will never vote for less. DC will never limit or stop its spending. The solution is to pass and ratify a statutory constitutional limitation on spending through the Article V convention mechanism in the Constitution. 19 of the 34 required states have already done this and if you will help educate folks about this option it could be a viable solution. Thanks
The solution is to force the legislature to pass a bill that bans ALL sitting members of congress from seeking re-election should they exceed the budget.
Remove corperations from govt . Rfk Jr.
@@monkeysezbegood Better off removing government from corporations
Absolutely fantastic David....I am understanding you very well explained....thank you soo much!
Watches this all the way thru, it was so much more interesting than I thought it would be. 👏 Thank you
The Saudis didn't renew our PETROL DOLLAR Contract that we've had for 75 Years
😕
This is fake news and it never existed in the first place
ofcourse because of Brics
What contract? All of Social Media repeats this but Nobody seems to be able to produce a copy. It seems they ALWAYS accepted other currencies.
You mean the handshake agreement, they broke immediately?
The Saudi’s are not our allies.
Wait a minute! Does this guy think there is a politician who ACTUALLY gives a shit about the debt? Funny stuff!
Obviously they do. It’s in the interest of politicians and plutocrats to preserve the financial solvency of the US.
@@garythecyclingnerd6219
Not necessarily. If the US cripples (similar to the soviet union) there will be an insane amount of almost free investments. A handful of people would actually benefit massively. When most people lose wealth some get a huge part of that lost wealth. I see i it quite similar to the energy preservetion
Yes. RFK. You haven't been paying attention. Do better.
@@garythecyclingnerd6219 Not when their funders who have placed them are aiming to collapse the US economy to cause chaos to make it easy for complete capture.
@@japorto100 I can’t overstate how patently evil and stupid you have to be to believe that blowing up the the world’s biggest economy and reserve currency will be beneficial to you.
The question is does the money printing make the war inevitable, or is the desire for the war why they print the money? I think it’s the latter.
seems so cyclical.
wars themself cause mass deficits due to gov spending, debt etc.. however wars also stimulate economies and post war reconstruction efforts stimulate exports... and the cycle goes on.. and on.. and on...
draw a timeline of US wars and budget status it's interesting.
something like this:
1939 1944 1949 1954 1959 1964 1969 1974 1979 1984
|---------|---------|---------|---------|---------|---------|---------|---------|---------|---------|------------|------------|
|--WWII--| |-----Korea-----| |---Vietnam---| |---Gulf War---|
|---Deficit---| |---Surplus---| |-----Deficit-----|---Surplus---| |---Deficit---| |---Surplus---|
It's more likely that they print at least some of the money as a consequence ultimately of demographics (as Raoul Pal and others have argued for a while now) - to compensate for lower workforce participation, which has been trending lower for 50 years. And the money printing now is part of the debt refi cycle that Michael Howell has been talking about for ages. Of course not denying some of the money printing is also in aid of the military-industrial complex and their kleptocracy
@@mwilliamson4198 money printing is inflationary, not deflationary. It does not compensate for low economic participation, it makes those issues worse.
I learned a lot from this conversation! Thank you!
Friedberg is the man. Thanks for your wisdom brotha
Kennedy 2024
21:49 yeah until these greedy corporations decided to produce more and still increase prices. Greed has to be stopped.
So stop buying what the corporations are selling! End of corporation, end of problem.
You believe that corporations were less greedy in 2019. Then in 2021 corporations became extra greedy. Then in 2023 through 2024 corporations became less greedy again on a month-over-month basis?
Any scientific backing for these wild claims? How are you measuring "greed" and how many additional units of greed do corporations have compared to pre-pandemic levels of greed?
Bible says that in the end times the desire for money/wealth (greed) will be infinite.
@@LegalAutomation It has nothing to do with greed, businesses need to make a profit otherwise what's the point, when the fed creates a lot of money that action devalues the dollar so businesses have no choice but to raise their prices to make a profit
Greed is a two way street, isn’t it. Who is funding these “greedy” people? Why don’t they stop funding them?
STOP BANGING THE DESK!!
Producer shoulda jumped in after 2 minutes... don't clamp the mics to the desk, put down a foam pad thingy, something...ANYTHING. yeah, unfortunately SUPER distracting...
Drove me NUTZ 😂
He moves his hands a lot.. lol..
Listening to this pod cast: 🫨🫨🫨
Friedberg ihas a very logical thought process. I enjoy his thought process. He has a tendency to give you his thoughts in terms of A leads to B, B leads to C which fits the way I think and absorb information. Very enjoyable. His research too is quite amazing and worth hearing about.
Love ALL IN!!
...into a BRICS wall.
Which is failing lol. The Saudi’s didn’t even actually get off the dollar.
LOL Facts
Peso is a more likely our new replacement, you know, cause that solid southern border.
@garythecyclingnerd6219
@StateDept
@@garythecyclingnerd6219 how many more countries are on board since a couple years ago
RFK is the way! F the duopoly. At the very least help the man on the ballot. We need to blaze a path and precedent for third party candidates. Then come November it’s your business. But right now this is America’s need. Chances are you won’t love next red and blue candidate. We need to expand the field.
RFK Jr. is a joke, lol
@@JohnDorian-j7x from a auto-generated username. ohhhkay lol
Why the host didn’t ask any important follow up questions….
He just let This guy ramble on.
hOW MANY TIMES DID THE GUEST CORRECT HIMSELF?
Just 2 clueless rich guys, having a conversation about what the poors need to do with their lives.
What a great conversation! Great insights and exchanges