Rafi’s explanations are outstanding. Interviews like this is what I send to people who I’m trying to help wake up for the simplicity of the explanations of the money, money substitutes, debt, etc.
Regarding the convo about the 90s and monetary deflation vs today: The idea that we cannot see any productivity increases today like we did in the 90s is a little too doomer for me. I realize everyone's taste has been spoiled by "AI" being shoved at us in the form of these goofy chatbots but what people don't think about is actual potential use cases. People laughed at the internet the same way when it was new in the 90s. Seen the articles with my own eyes "the internet is a fad, it's not here to stay" etc etc. People will say the same about AI but when those AI drones start producing things to the point where we have "deflation" in the input costs of goods and services it's going to change the world so fast none of us can even picture it right now, much like people in the late 80's and early 90's couldn't have imagined today's social media world where we have the internet at 5G speeds in the palm of our hands 24/7. Also with all due respect in real terms with my own eyes the idea that "people are getting poorer everywhere" is a joke. Rafi must not get out much. Care to meet me in any "hood" in Midwest USA on a Friday night and we can listen to the Hellcats ripping up and down the main strips. We can see the 80k fans filling up football stadiums this fall without issue paying $500 per ticket in Michigan, Ohio, and Indiana for their major programs. People have iphone 15s and supercharged cars in the hood but we are "poorer everywhere" lol. You've got to be full of it. Housing is broken and there's plenty of issues which are most all a direct consequence of an entire generation of ZIRP but to pretend real markets don't exist, much like Rafi said "in pockets". I'm sure if you live in the Bay Area California right now things seem much worse than out here because of all those fake ZIRP jobs and fake wealth that only exists because of the government printer. I'm sure we agree on that.
AI is a scam perpetrated by the likes of Hollywood and movies such as "Ex Machina" and "Her". Go back to 1985 with "Blade Runner" and you have flying cars and "Replicants" which are indistinguishable from humans. The problem is that movie was set in 2019 and as far as I remember there weren't many flying cars or replicants from off planet colonies back in 2019? Even the term AI is a lie because there is no intelligence, only faster programming and search engine capability. With regard to "people getting poorer" versus your personal observations, has the possibility occurred to you that the people you observe could be in debt for these luxuries? "The total personal debt in the U.S. is at an all-time high of $14.96 trillion. The average American debt (per U.S. adult) is $58,604 and 77% of American households have at least some type of debt.2 May 2023" Almost six months on and I'd expect the numbers have increased if anything. I don't live in the US but from what I see there seems to be a huge homeless problem in America right now.
Productivity? Where? There's plenty of productivity in Asia, but that doesn't benefit our GDP, it only provides cheaper goods to consume. The west's productivity is all fake. Our manufacturing numbers and exports have been in decline for years, thanks to outsourcing and choking out domestic oil production. Also, jobs do not equal productivity. As to your observations about hellcats and football stadiums, that's not wealth nor is it a sign of stability. That's simply consumerism aka debt accumulation. Not to mention addiction to 'bread and circus.' "Hey, let's pretend like we don't have $80k worth of debt that we can't pay. Let's pretend like everything is just fine and head out to watch the sportsball game. Maybe we can stop by the dealership on the way home and grab a sweet hellcat for 8% interest." Nothing but pure cope. A society addicted to consuming, blind to what is happening around them. A gullible and stupid populace that has been thoroughly fleeced by bankers and politicians. Just in case you're curious how wonderful everything is, small to medium sized businesses are filing for bankruptcy at rates not seen since the 80s. Defaults are surging. Credit card debt is at an all time high. Average households saving are at nearly zero. 64% of all working people are living paycheck to paycheck and the majority of households can't afford a $600 emergency. Auto repossessions and foreclosures are rising and banks are laying off thousands of workers. So your anecdotes simply don't hold water as you're refusing to look deeper than just what you see on the surface. The system is literally collapsing and you think we're doing just fine. You're the definition of a normie. You're obviously no economist, so I don't expect you to understand what is really going on, but you could at least try to pay attention when smart people like Rafi are talking. Maybe you'll learn something.
This if for the time when todays money system is not working, either do to loosing confidence or bankholidays. As the chance is small, but not zero, we need a bit of silver. People in Turkey and argentina can tell you it is working and we are heading this way. I actually asked farmers on the market whether they accept silver and I got yes answers too.
Where is the explanation that governments are printing money to fund the expansion of more government? That is what is happening. Yes, some people get power from the expansion of government, but the government is expanding ant the printing is what is funding the expansion of government. The problem everywhere is too much government and it is important to understand why we are all suffering from too much government.
RAFI understand quite alot about the whole Gold and Silver function. He doesn't understand Islam the culture, the way people interact, and the way of Life for every Muslim. Muslims ☪️ aren't materialistic, they understand that the life here is short term, and soon there be a better life than now. I've studied Islam and Muslim people which is Complete contradictory to Western believes, understanding how now is forever and GREED is a must. Thumbs 👍🏾 to like and hear another perspective of the issue to complete failure of Western systems.
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
Rafi is the best. Thanks for the interview !
Thanks for beeing here!
Rafi’s explanations are outstanding. Interviews like this is what I send to people who I’m trying to help wake up for the simplicity of the explanations of the money, money substitutes, debt, etc.
Thank you!
Rafi🙏🏻❤️
Thanks for watching! Please subscribe for more content and support!
Thanks, great vid!
Gold is money, everything else is credit, a concept lost on the majority of the world for 50 years.
Yes, and it could come back in modern form.
Rafi is great, however you must add Clive Thompson's theory on the cbdc to Rafi's analysis for a full understanding if our future.
He will come, I do not fully agree with him.
@@financialfitness2106 excellent, thank you.
A better gold substitute would be a decentralised ledger system
Yes, if gold comes back, probably this will be used. Just asking: did you read The golden revolution book from John Butler?
Regarding the convo about the 90s and monetary deflation vs today: The idea that we cannot see any productivity increases today like we did in the 90s is a little too doomer for me. I realize everyone's taste has been spoiled by "AI" being shoved at us in the form of these goofy chatbots but what people don't think about is actual potential use cases. People laughed at the internet the same way when it was new in the 90s. Seen the articles with my own eyes "the internet is a fad, it's not here to stay" etc etc. People will say the same about AI but when those AI drones start producing things to the point where we have "deflation" in the input costs of goods and services it's going to change the world so fast none of us can even picture it right now, much like people in the late 80's and early 90's couldn't have imagined today's social media world where we have the internet at 5G speeds in the palm of our hands 24/7.
Also with all due respect in real terms with my own eyes the idea that "people are getting poorer everywhere" is a joke. Rafi must not get out much. Care to meet me in any "hood" in Midwest USA on a Friday night and we can listen to the Hellcats ripping up and down the main strips. We can see the 80k fans filling up football stadiums this fall without issue paying $500 per ticket in Michigan, Ohio, and Indiana for their major programs. People have iphone 15s and supercharged cars in the hood but we are "poorer everywhere" lol. You've got to be full of it. Housing is broken and there's plenty of issues which are most all a direct consequence of an entire generation of ZIRP but to pretend real markets don't exist, much like Rafi said "in pockets". I'm sure if you live in the Bay Area California right now things seem much worse than out here because of all those fake ZIRP jobs and fake wealth that only exists because of the government printer. I'm sure we agree on that.
AI is a scam perpetrated by the likes of Hollywood and movies such as "Ex Machina" and "Her".
Go back to 1985 with "Blade Runner" and you have flying cars and "Replicants" which are indistinguishable from humans. The problem is that movie was set in 2019 and as far as I remember there weren't many flying cars or replicants from off planet colonies back in 2019?
Even the term AI is a lie because there is no intelligence, only faster programming and search engine capability.
With regard to "people getting poorer" versus your personal observations, has the possibility occurred to you that the people you observe could be in debt for these luxuries?
"The total personal debt in the U.S. is at an all-time high of $14.96 trillion. The average American debt (per U.S. adult) is $58,604 and 77% of American households have at least some type of debt.2 May 2023"
Almost six months on and I'd expect the numbers have increased if anything.
I don't live in the US but from what I see there seems to be a huge homeless problem in America right now.
Productivity? Where? There's plenty of productivity in Asia, but that doesn't benefit our GDP, it only provides cheaper goods to consume. The west's productivity is all fake. Our manufacturing numbers and exports have been in decline for years, thanks to outsourcing and choking out domestic oil production. Also, jobs do not equal productivity.
As to your observations about hellcats and football stadiums, that's not wealth nor is it a sign of stability. That's simply consumerism aka debt accumulation. Not to mention addiction to 'bread and circus.' "Hey, let's pretend like we don't have $80k worth of debt that we can't pay. Let's pretend like everything is just fine and head out to watch the sportsball game. Maybe we can stop by the dealership on the way home and grab a sweet hellcat for 8% interest." Nothing but pure cope. A society addicted to consuming, blind to what is happening around them. A gullible and stupid populace that has been thoroughly fleeced by bankers and politicians.
Just in case you're curious how wonderful everything is, small to medium sized businesses are filing for bankruptcy at rates not seen since the 80s. Defaults are surging. Credit card debt is at an all time high. Average households saving are at nearly zero. 64% of all working people are living paycheck to paycheck and the majority of households can't afford a $600 emergency. Auto repossessions and foreclosures are rising and banks are laying off thousands of workers. So your anecdotes simply don't hold water as you're refusing to look deeper than just what you see on the surface. The system is literally collapsing and you think we're doing just fine. You're the definition of a normie.
You're obviously no economist, so I don't expect you to understand what is really going on, but you could at least try to pay attention when smart people like Rafi are talking. Maybe you'll learn something.
Thanks for your opinion!
My question is what is the price of a dozen eggs in silver?
I guess it wouldn't be fixed price in Mad Max scenario... but negotiable one time deals between sellers and buyers, depending circumstances.
Right now it is close to a silver dime. Maybe 2 dimes depending on where you live. Pre 1965
This if for the time when todays money system is not working, either do to loosing confidence or bankholidays. As the chance is small, but not zero, we need a bit of silver. People in Turkey and argentina can tell you it is working and we are heading this way. I actually asked farmers on the market whether they accept silver and I got yes answers too.
Put it more clearly, some might say you are just a gutless antisemite....
Where is the explanation that governments are printing money to fund the expansion of more government? That is what is happening. Yes, some people get power from the expansion of government, but the government is expanding ant the printing is what is funding the expansion of government. The problem everywhere is too much government and it is important to understand why we are all suffering from too much government.
RAFI understand quite alot about the whole Gold and Silver function. He doesn't understand Islam the culture, the way people interact, and the way of Life for every Muslim. Muslims ☪️ aren't materialistic, they understand that the life here is short term, and soon there be a better life than now. I've studied Islam and Muslim people which is Complete contradictory to Western believes, understanding how now is forever and GREED is a must. Thumbs 👍🏾 to like and hear another perspective of the issue to complete failure of Western systems.
Burj Khalifa left the chat.
Rafi knows nothing.
Then make a video and educate us.
Oh ok, thanks for your amazing insight
I disagree and look forward to you expanding on that.
And yet you spent your time to listen to Him. isn't that amazing?
It is támogatlak, feliratkoztam. I support u here too, I am already subscribed.....
Köszönöm! :)
The problem with lying is that it makes everything else you say unbelievable and untrustworthy. Rafi has no issue lying about Isreal / Palestine.
We cannot know the real truth I guess.