Excellent video! We can't hear this enough. We are headed toward hyperinflation because we've passed the point of no return. We have to keep printing money. The only thing backing the U.S dollar is our military. There's no favorable outcome to this. The collapse will be at our doorstep and we pump the economy with more money and no concern about hyperinflation and/or we're going to see WWIII.
The government, by law, only allows you to possess a small amount of gold. That is how they have kept us from already dumping the worthless dollar. Also, when we do crash, the politicians who caused it will announce they have a fix for it. They will expect us to trust them, and unfortunately most people will believe them, because they are desperate. The digital dollar is coming, and you aren't going to like it.
@@Buildapreneur Your "thesis" ignores one important point, the vast majority of money is created by the private banking system via the creation of debt, not central banks. Printers can go brrrr at CBs but if there is a credit crunch in the private economy it will more than ofset the effects of this brrrrring. This is why we have seen long periods of low mainstreet inflation but high asset inflation. Dont get me wrong the economy is totally and utterly screwed in the medium to long term, but the real cancer is private debt not public debt. Indeed there is always pressure on public debt because if the rate of creation of private debt falls, then the rate of creation of public debt must increase to match the fall or there will be a recession as a decrease in the money supply is a given. Public surpluses mean private debts and vis versa.
Yeah, I've seen a lot of businesses go down, people giving up online, it's definitely impacting everyone.
Thanks for the video. Looking forward to more videos on this topic.
Are you personally planning on holding off from buying houses or wait a year or 2? Or what is your overall plan for this storm?
I am buying just enough houses to lower my tax bill, and then holding as much cash as possible…
Really hoping for a follow-up video 🤞 I think this is one of the best videos I've seen in a while. I want to know more 🤔
I’m loving your videos!
Thank you!!
Thanks for the info, great stuff Spencer!
You bet!
Excellent video! We can't hear this enough. We are headed toward hyperinflation because we've passed the point of no return. We have to keep printing money. The only thing backing the U.S dollar is our military. There's no favorable outcome to this. The collapse will be at our doorstep and we pump the economy with more money and no concern about hyperinflation and/or we're going to see WWIII.
I think foresight allows us to plan instead of panicking.
Thanks
No problem
What do you mean by 'build a network'?
Make friends and connections that could
Help you find work or mentor you through financially if things get crazy. Go to local investment clubs etc.
Buy gold and silver. If the USD crashes you will lose it all and at the very least it will continue to quickly lose it's value.
I tend to agree. Though I do think that has been somewhat priced in to gold and silver as prices have been spiking
The government, by law, only allows you to possess a small amount of gold. That is how they have kept us from already dumping the worthless dollar. Also, when we do crash, the politicians who caused it will announce they have a fix for it. They will expect us to trust them, and unfortunately most people will believe them, because they are desperate. The digital dollar is coming, and you aren't going to like it.
Life as we know it will not exist by 2040.
People have been saying this for decades. Probably will be correct one day.
People yes. Director of the fed and ceo of chase? No
@@Buildapreneur Your "thesis" ignores one important point, the vast majority of money is created by the private banking system via the creation of debt, not central banks. Printers can go brrrr at CBs but if there is a credit crunch in the private economy it will more than ofset the effects of this brrrrring. This is why we have seen long periods of low mainstreet inflation but high asset inflation. Dont get me wrong the economy is totally and utterly screwed in the medium to long term, but the real cancer is private debt not public debt. Indeed there is always pressure on public debt because if the rate of creation of private debt falls, then the rate of creation of public debt must increase to match the fall or there will be a recession as a decrease in the money supply is a given. Public surpluses mean private debts and vis versa.
🔝
…
I'm guessing you don't know the etymology of "schmuck".
🤷♂️
most people don’t, it fit perfectly though 😂
😂 Now I know thanks for the lesson. Seemed to fit the bill here though.