"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless." - Thomas Jefferson
Dear Wealthion, If you're reading the comments, then you have seen many viewers complaining about the "guest" cutting off the host. This is clearly not true and instead is shoddy editing on Wealthion's part. Perhaps you can edit the video description and respond to the viewers' comments apologizing for the poor edit so the guest is not blamed. Secondly, this is yet another example of having a GREAT guest who has a wealth of knowledge, who I have listened to on many channels, and turn it into a sub-standard video. The host added nothing to the conversation, and hats off to Joseph for still managing to provide valuable content.
Unfortunate if this was an editing issue, I had to give up watching because I couldn't concentrate on what was being said. Maybe re-edit and upload again?
They are so transparent yet do the exact opposite of what they say. They say they are doing QT, but they aren't. Financial conditions have been so loose since Oct 2022 and don't even get me started with the March bank bailout. That was QE out the butt all the way through July. Is it really being transparent if they are lying?
Good Question - What would you do if you were the Fed Chairman? - Mr. Wang - Powell is doing a good job but I'd be more vocal about letting Congress know that they need to cut spending because their excessive govt spending is making the Fed's job more difficult.
Joseph has been spot on in his market calls. Adam interviewed him in Sept 2022, he said be bullish stocks, basically right at the bottom. Wish i listened to him there. That said, I'm skeptical about this goldilocks call he's making..... inflation continues to go down, while stocks melt up, AND the Fed cuts by March?!
"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented." -Sir Josiah Stamp, former Bank president
Funny how everybody thinks FED is independent. It is a Political body loyal to whichever party in power. Oh and there to provide cover for Politicians as an independent scapegoat. 😂😂😂
One other point…where is the inflation??? After QE…still no one wants to accept asset price inflation, i mean if you really want to call a home an asset for investment? Financial investment…if you plan on moooching off your kids? It’s an investment for a quality of life, not finance. QE was so good, we did not see inflation of prices (consumer) until covid…so it was working fine? No one can afford a frigging huose !! The asset inflation is still not enough for people to say QE was bad? Stop with the consumer prices inflation being the only concern of living…home price inflation suffered from the quantity of money inflation. And it’s not the central banks that did it directly…they did it indirectly by allowing the “pillars of society” to print up all these loans for govt wanted home purchasing, investment house in purchases (reduce their own public housing commitments). House price inflation leads to further credit for lounges, new beds, TV’s and the other items to make one feel validated…then throw in a new car too…are these all assets?? So cannot be of concern. Then when all is said and done, will it flow through to consumer prices…it ain’t covid, it’s printing up money leading to entitlement…and at the same time the exhaustion of an oppressed country of resources. J powell needs to squeeze out Greenspan and bernanke, and Yellen…plus counter the forces of crony globalisation and the exhaustion of goodwill from the little guys that been kicked for too long. Which all the economist cry victory over, ie this is the biggest lift out of poverty (for the Chinese) that human kind has ever seen. Load of crap!!
Joseph, when you have 1 million in treasuries and the fed pays you for them, let’s not forget about the counter parties…ie the treasury who owed someone money, who now does not…because the Fed does not need money…because it can create its own. And what if the owner of the treasuries had borrowed money for those treasuries…the loan is paid off? Therefore now money sitting dormant and available, which (to a financial wizard) needs to be allocated…at the same time the treasury now has more money in its wallet that….guess what…needs to be allocated. So, loss of investment by ways of interest bearing instrument….and yet double the money by people who are vested in allocating money elsewhere. Even the simplest of explained things are complicated with nuance which are overlooked…and then we all keep wondering why things are going so wrong? When explanations say ‘ take this for granted’…right there is a problem.
Two weeks ago, this fed guy said I expected the rate to be going higher, and 10 years would go higher. Now that the risk will be on and the rate is cutting down. Next, cpi # will tell you something else. Fedguy has no clue! Selling courses by marketing his name as a fed boy.
Short rates are controlled by the Fed and respond to Fed actions. Long end is about supply and demand, and a bit of Fed action. They are different but related. Yes I believe the 10 year will go higher - and yes I believe the Fed will cut short rates next March.
Funnily…the politicians would need to tax their people in order to get money to spend, because the only service they provide is for the people, and paid by the people (of the current living/day)….now, with central banks, govt does not need to raise a good case to acquire money through taxes, and instead they can borrow it into existence from help of the central banks….whcih leaves then beholden to no one. If they dont need our money fresh from our hands, but borrowed from other people (we dont seem to care too much about our kids it seems…ie the future), then they are beholden to no one….the question of public interest is…do they care about the people, or do they care about themselves more in this situtation…that is rhetoric, of course that is not even a real question as we know they are all desperate to be seen as great, changing the course of humanity and saving us all with their intellectual decision making. It’s like HR in a company…once it establishes itself it is self serving and growing….like a cancer. But how do cells come to be this way, and want to grow differently compared to what has occurred for the bodies previous 20-30-40 years?…because it is attempting to repair and protect itself from something it deems as a danger…sounds familiar to a lot of current events in the politician and socio spheres dont it?
@@jcmexicohomestead search adam taggart thoughtful money to find his new channel. He did not own Wealthion and wanted the freedom of independence. Thoughtful Money is what Weathion was.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless." - Thomas Jefferson
It's an editing issue. No one is cutting anyone off.
Dear Wealthion, If you're reading the comments, then you have seen many viewers complaining about the "guest" cutting off the host. This is clearly not true and instead is shoddy editing on Wealthion's part. Perhaps you can edit the video description and respond to the viewers' comments apologizing for the poor edit so the guest is not blamed. Secondly, this is yet another example of having a GREAT guest who has a wealth of knowledge, who I have listened to on many channels, and turn it into a sub-standard video. The host added nothing to the conversation, and hats off to Joseph for still managing to provide valuable content.
Joseph Wang = Always Excellent
great guest, Joseph I have listen to many times but some thing felt off or awkward AF in this interview
Unfortunate if this was an editing issue, I had to give up watching because I couldn't concentrate on what was being said. Maybe re-edit and upload again?
Great interview, Joseph Wang is good at explaining his positions.
Also a good explanation of QE as changing the duration of government securities.
Thanks for watching.
This channel isn't the same without Adam! Pretty disappointing content following his departure as host.
It's 99% the same.. it's all about the guest 🙏
@@SavanaT just tougher to watch without Adam moderating and keeping the flow. Was much easier to listen to back then. 😢
@@blackpill33 ...and then there is that voice
100% disagree
They are so transparent yet do the exact opposite of what they say. They say they are doing QT, but they aren't. Financial conditions have been so loose since Oct 2022 and don't even get me started with the March bank bailout. That was QE out the butt all the way through July. Is it really being transparent if they are lying?
Good Question - What would you do if you were the Fed Chairman? - Mr. Wang - Powell is doing a good job but I'd be more vocal about letting Congress know that they need to cut spending because their excessive govt spending is making the Fed's job more difficult.
Gov spending is making the Fed Reserve’s job IMPOSSIBLE..
Joseph has been spot on in his market calls. Adam interviewed him in Sept 2022, he said be bullish stocks, basically right at the bottom. Wish i listened to him there. That said, I'm skeptical about this goldilocks call he's making..... inflation continues to go down, while stocks melt up, AND the Fed cuts by March?!
The Fed is transparent? LOL Come on man, when was the last audit?
"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented."
-Sir Josiah Stamp, former Bank president
views are really falling of a cliff eh?
QE didn't create inflation?! What about stock market inflation? What about somme common sense?🙂
> it wasn't inflationary
doesn't include housing fully in inflation
Joseph as long as you stick to this IMHO you're a joke
Great interview. Sorry the guest kept cutting you off.
They said it was an editing issue
Where is Adam ? Anyone know where I can find him?
The problem is not the fed being wrong, the problem is they act as if they are always right, never wondering why they were wrong in the first place.
Lol this dude likes to interrupt before the host is finished asking the question.
Yeah, unfortunate. It distracts from the content of the conversation
It's ridiculous, the guest needs to let the host finish asking a question.
They said it was an editing issue
@@JohnDaniels LoL, I don't know about that! He just starts talking over the host many times.
The host brings so little and he brings so VERY much, that what he is doing is appropriate.
Honestly hard to listen to
Thanks
Funny how everybody thinks FED is independent. It is a Political body loyal to whichever party in power. Oh and there to provide cover for Politicians as an independent scapegoat. 😂😂😂
Hi - can we have Lance Robert back for the weekly reviews on Saturdays
That was the best part of wealthion and it would be a shame to lose
Lance and Adam have a rapport that would be difficult. Let Eric develop his own program.
difficult to replicate …
@@garyschneider6644where did Adam go
100%
One other point…where is the inflation??? After QE…still no one wants to accept asset price inflation, i mean if you really want to call a home an asset for investment? Financial investment…if you plan on moooching off your kids?
It’s an investment for a quality of life, not finance.
QE was so good, we did not see inflation of prices (consumer) until covid…so it was working fine?
No one can afford a frigging huose !! The asset inflation is still not enough for people to say QE was bad?
Stop with the consumer prices inflation being the only concern of living…home price inflation suffered from the quantity of money inflation. And it’s not the central banks that did it directly…they did it indirectly by allowing the “pillars of society” to print up all these loans for govt wanted home purchasing, investment house in purchases (reduce their own public housing commitments).
House price inflation leads to further credit for lounges, new beds, TV’s and the other items to make one feel validated…then throw in a new car too…are these all assets?? So cannot be of concern.
Then when all is said and done, will it flow through to consumer prices…it ain’t covid, it’s printing up money leading to entitlement…and at the same time the exhaustion of an oppressed country of resources.
J powell needs to squeeze out Greenspan and bernanke, and Yellen…plus counter the forces of crony globalisation and the exhaustion of goodwill from the little guys that been kicked for too long. Which all the economist cry victory over, ie this is the biggest lift out of poverty (for the Chinese) that human kind has ever seen. Load of crap!!
People need to learn to talk about the BIS anytime they talk about the Fed.
Clear as mud.
the URL looks the same as the great energy transition. interesting
FIAT or Financial Instrument Administering Theft
Ouch the editing 😆. But I forgive you wealthion.
Joseph, when you have 1 million in treasuries and the fed pays you for them, let’s not forget about the counter parties…ie the treasury who owed someone money, who now does not…because the Fed does not need money…because it can create its own.
And what if the owner of the treasuries had borrowed money for those treasuries…the loan is paid off? Therefore now money sitting dormant and available, which (to a financial wizard) needs to be allocated…at the same time the treasury now has more money in its wallet that….guess what…needs to be allocated. So, loss of investment by ways of interest bearing instrument….and yet double the money by people who are vested in allocating money elsewhere.
Even the simplest of explained things are complicated with nuance which are overlooked…and then we all keep wondering why things are going so wrong? When explanations say ‘ take this for granted’…right there is a problem.
So smart he interrupts the host
Too bad that Adam is not doing these anymore
Two weeks ago, this fed guy said I expected the rate to be going higher, and 10 years would go higher. Now that the risk will be on and the rate is cutting down. Next, cpi # will tell you something else. Fedguy has no clue! Selling courses by marketing his name as a fed boy.
Short rates are controlled by the Fed and respond to Fed actions. Long end is about supply and demand, and a bit of Fed action. They are different but related. Yes I believe the 10 year will go higher - and yes I believe the Fed will cut short rates next March.
Adam left to create his own channel? I thought wealthion was his own channel. Whose channel is wealthion?
Need to upgrade that microphone.
Funnily…the politicians would need to tax their people in order to get money to spend, because the only service they provide is for the people, and paid by the people (of the current living/day)….now, with central banks, govt does not need to raise a good case to acquire money through taxes, and instead they can borrow it into existence from help of the central banks….whcih leaves then beholden to no one. If they dont need our money fresh from our hands, but borrowed from other people (we dont seem to care too much about our kids it seems…ie the future), then they are beholden to no one….the question of public interest is…do they care about the people, or do they care about themselves more in this situtation…that is rhetoric, of course that is not even a real question as we know they are all desperate to be seen as great, changing the course of humanity and saving us all with their intellectual decision making.
It’s like HR in a company…once it establishes itself it is self serving and growing….like a cancer. But how do cells come to be this way, and want to grow differently compared to what has occurred for the bodies previous 20-30-40 years?…because it is attempting to repair and protect itself from something it deems as a danger…sounds familiar to a lot of current events in the politician and socio spheres dont it?
You are no A.T. :(
16th, 17 November 2023
Fed is not transparent
Cheerleading ... for the Fed??!! What the ... yikes!
Another dreadful interview without Adam. Wealthion is sinking fast. 🙁
Where is Adam? Did I miss something?
I thought the host was asking great questions
@@jcmexicohomestead search adam taggart thoughtful money to find his new channel. He did not own Wealthion and wanted the freedom of independence. Thoughtful Money is what Weathion was.
@@jcmexicohomestead Adam Taggart | Thoughtful Money
Where’s the good host? Time to unsubscribe!!!
The host was asking great questions
@@JohnDaniels I think everyone watched this channel for Adam. On UA-cam most of us only follow people we like and trust.
@@theoptimist9605 What happened to Adam?
@@theoptimist9605this is a great point.... UA-cam and mainstream media are very different things
Another horrible guest and poorly conducted interview.