News Alert! Inflation hasn't just started to affect us. People have been suffering greatly from inflation for almost a century, but notably after 1971. During the industrial revolution, prices of products and services were auctioned down to the point that consumers could literally buy them for as little as a penny thanks to a free market and sound money. All of the problems we have today are a result of government meddling.
It has never been easier to understand how to build your money than it is right now, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
I think it's great to use a portfolio advisor when investing. Before I met with a certified portfolio advisor during the pandemic crash in March 2020, I had recently started having terrible dreams. Finally, with the help of my advisor, I was able to increase my initial investment of $400k to over $2.8 million dollars.
Where may one locate a wise FA? Even while I like the idea of using their services, it's unfortunate that recent stock market catastrophes have started to happen more frequently.
''Stacy Lynn Staples’' a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in our country.
Inflation can have a significant impact on individuals and their cost of living. As a result, it can cause negative market sentiment. It is important for individuals and businesses to find ways to navigate and potentially mitigate the effects of inflation on their finances. The current economic climate, including underperformance of financial markets due to fear of inflation, has led to a decrease in the value of my portfolio. I would appreciate any recommendations on how to potentially increase returns during this market downturn.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up $450k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Melissa Elise Robinson for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
The biggest reason for the disparity between working class and elites is b/c in my opinion, the working class were "unable"--keyword--to participate in the shareholding stake of these companies stocks that exploded in growth. And thus the working class never saw the gains these elites did b/c they were never offered ownership in company stock. All of the privately & publicly held companies I've worked for never-ever offered employees to buy into their company stock. It was always reserved for the C-Level folks. 😪
I disagree. The problem is that people waste their lives watching TV instead of studying the economy as we are doing here on this channel. The Price is Right makes people poor. David Lin leads to wealth. The poor and middle class are largely lazy. My father was a working man who got rich. He bought Apple stock. There were many opportunities. Moreover, I have noticed that a lot of people have an affinity for being poor. It's part of their identity. The like it in a way.
Dude the democrats have no interest to help labor what are you talking about? We have two right wing parties that only care about their corporate donors
Great guest - he has really nailed it - the wealth transfer from poor to rich is the main cause of revolution and system collapse. Maybe the winners hope it's different this time cos surveillance and robot warriors will come along and protect them.
I have always had a hard time to envision how a civil war could break out as the polarization is not even state by state, but block by block ,neighbor by neighbor and brother by brother. The only way they could engage would be if masses of each's supporters were on the streets and clashed.
For 20 years I listened to a show called "Rockaholics Anonymous" hosted by Uncle Mort. After he died I found out that He had a law degree from Lewis and Clarke but he worked as a bus driver in Portland, Oregon.
Fantastic interview, great guest. I really appreciate the space Mr. Lin gives his guest to speak freely without too much interuptions. This interview really leaves a lot to think about.
That’s because you’ve clearly never seen a real war. If you want to actually see a real war have a look at the atrocities and destruction that Israel has brought upon the people of Gaza. The doctors who have come to help and have travelled across northern Gaza say it’s like Hiroshima after the atomic blast - nothing living and only rubble remains of the buildings and infrastructure. Minimum 45,000 dead, many women and children and well beyond 100,000 injured and maimed with limbs blown off. The trickle of people across your southern border is not an invasion, it’s just people coming for a better life in America, like tens of millions of other Americans and their forebears.
15:50 - The widening wealth gap / wealth inequality is important for one simple reason: human beings are prone to jealousy and envy and resentment brews as a result when people increasingly feel inferior and that they're getting a raw deal while others prosper substantially more. It's not enough to be slightly better off, as a class, than your class was decades earlier when you're comparing yourself to others who are massively better off in the present. The only thing that matters to people ie how good they feel about where they are right now.
Super guest, who is drawing on a vast amount of accumulated data to support his theses. However, the past does not equal the future as society evolves. Many of his scenario extremes are unlikely to come to pass.
So you have a billionaire leading the gop and has other billionaires who run with him and they are the party of the working class? Brother those people got duped.
working classes who choose communists as their leaders are the ones who are being duped...just look at Venezuela, Cuba, China, Soviet Union, and basically any communist regime. Kackles is a closet communist.
Very nice, David, you put your effort into discovering gems (authors, new points of view etc.) while other channels, similar to yours, stay with what they perceive as being safe, keeping rotating the same guests over and over. Please keep in mind, while many of these new guests have quite the knowledge and insights, they lack practice of expressing themselves so be patient with them. They need to practice being interviewed - no matter how strange that might sound.
I have heard about and listened to Prof. P. Turchin before; this chat is one of your few more interesting, useful, and worth watching (*) interviews. The others are pure conjecture, guesses, and pure speculation, etc and they are very forgettable, so I don't watch them. It would help if you read his books. * It has at least some scientific basis(backed by data) in what he said.
I think the professor overlooks what in my opinion is the root problem; in the US and all other representative democracies, the voters elect politicians with monopoly power, as a class, over policies and legislation. The people can do nothing to stop policies or legislation, or to force politicians to formulate new policies or laws. All the people can do is wait till the next election and vote for another party but the control of policies and laws continues in the hands of politicians. Furthermore, the non-elected bureaucrats formulate all sort of rules and regulations. Because the politicians have all the executive and legislative power, the lobbies soon discover that by "donating" (in fact is more like an investment bordering on blackmail) they can control who becomes a candidate and, therefore, who gets elected. The end result is that gradually, the politicians have no choice but to deceive the people by telling voters they will do this and that for the people if elected but in fact they work for the lobbies. Slowly but steadily the people realize the politicians do not really work for the voters but for themselves and the lobbies. As things worsen people also realize the politicians and the lobbies try to distract the people from their powerlessness with demagoguery about Left and Write while the lobbies in fact control the parties. At some point, a person of the establishment realizes the disconnect will create a crisis that could destroy the country for the current and coming generations. Trump is no ordinary voter but he saw that the trend could destroy the country and his own wealth. There is a country borderinf the professor's own who has solved this problem of powerless voters, Switzerland. May I suggest you, David, study the Swiss system a little and use your program to educate Americans, Canadians in the West about the only real democracy we have, Swiss democracy; superior political stability, superior incomes, aversion to revolution, just continuous governance and actualization by the people directly. Surpridingly, the countries around Switzerland dismiss Switzerland as an odd case. If they study it they would understand the Swiss system works like no other, in spite of having four founding cultures, four languages and two major religions.
“It will be a war of neighborhood against neighborhood, city against city, county against county, state against state, and they will go forth destroying and being destroyed, and manufacturing will, in a great measure, cease, for a time, among the American nation.” - Orson Pratt
@@PatrickRockwell24I don't have too many problems these days. That response is pure deflection and straight out of their rhetoric tricks. It's tiresome. Next you'll call me low IQ of jealous and failing that mentally ill/crazy. It's so predictable at this point
@@PatrickRockwell24 I mean they already deleted the comment, totally powerless people you can't criticize at all like Malcom X once pointed out. If you read his autobiography you wouldn't know that because they took that part out. It's tiresome and people are waking up to these demons
love his book. its a real must read. end times, elites counter elites and the path of political disintegration is amazing.....i got it on audio and i may re listen many times. cant believe you got him on to talk good job.
My takeaways: • Rise of Counter-Elites - Elon Musk and Tucker Carlson, to name a couple, are challenging the traditional elites and shifting the Republican Party to focus more on the working class. • Less Likely to See Civil Unrest: Fewer young people/ better overall wealth = the chances of widespread violence or revolt are lower than in past revolutions. • Reforms Can Prevent Chaos: If elites address societal problems/share wealth, like FDR did with the New Deal, it may help avoid major upheaval and keep things stable.
When you talk about World War, don't give it a number. Because WW3 is most likely already past us. What you need to do is talk about what the World War is for... World War 4 Brexit.
Wealth inequality is a condition of being serious about finance. Most of American's are not serious about finance, they are serious about their entertainment and that is why they lack resources. Those that take their finance (and their lives in general) seriously are motivated to become successful no matter their conditions. They take the steps to learn what it takes to become financially successful, they don't blame others and cry about not having things as they go out and find a way to get it.
Lol! Good lies. The likelihood that an individual born in the poor and working class will rise or his children will rise to be within the top 10% wealth class, is the lowest it's ever been in U.S. history. This is the product of the economic system we've established over the last 80 years. You can keep living in fantasy land fetishizing the wealthy or you can wake up and help build a more equitable and sustainable country.
Hint (Q) The secret of the WORM 🐛 Butterfly 🦋 Between the two lies, a transformation A cocoon The secret of the Chinese princesses 👸 Soft smooth, luxurious SILK ❤
Let's take Tesla for example. One thing that Tesla did when it was short on cash was pay it's employees with stock. And you better believe that those employees made out very well out of that deal. And pulling back and looking at it ideologically, the workers "owned" the means of production. They owned shares in the company that they worked at. And in America in 2024, 53 percent of Americans have some sort of investment in the stock market. So you could say that, in that sense, America is very socialistic.
Women's entry into the workforce in the seventies cause real wages to drop we had Surplus labor and from that point a growing administrative state which does not improve productivity... of course I support women in the workforce but we should not have a huge administrative state we should also not have two or three retirees for every working person people need to work longer
Worker productivity has been dramatically increased since the 1970s. What has changed is the worker's share of that increased productivity. Real wages for the lower income brackets have been stagnant for the past 80 years. Meanwhile, wages and income compensation for managerial and executive positions have increased exponentially. You can trace this decline to the continued attacks on labor unions and worker's rights over the last 120 years.
@@Eric-m2f3d we are now at a point in Canada where we have one in four people working for government ...so the other 3 workers have to support both that person as well as everyone retired or living on some sort of public benefit. In the 90's there were 5 people working to each person retired and now it's under 2.5 ...18 million working to 7.6 million retired... If I had just my one job and not 2 or if I were not a strong investor than I would also be in trouble. In the coming year I hope to see 10'000's of paper pushers (including 5 of the 7 layers of bureaucracy in each government ministry) retired, an end to government bonuses, and an introduction to basic financial planning in our secondary schools.
@autonestegg4195 I'm not sure how Canada works compared to the US, but this idea of a free market is a fallacy. I would suggest you read John Kenneth Galbraith, my favorite economist, also a Canadian.
The decoupling of US wwages & productivity dates to the early 70s (Nixon shock) not the late 70s The famous AEI version of the graph sets 1979 as the index level (ie the curves are drawn so that they MUST cross there)
not sure if I agree with David's guest. there is the phenomenon of individuals who excel and bring huge benefits to the remaining, what, 90% of the population. there will always be disparity but there is enough productivity across the spectrum that a lot, and I mean a lot, of people benefit economically/socially/and culturally in a free market. Think of all the wealth and benefits for hundreds of thousands of people that Elon has generated. It's not a matter of comparing Elon's wealth with the school maintenance person.
The real problem with his argument is when people say that capitalism is the worst form of economic organization in the history of the human race.....with the exception of all the others. We can just take a look at countries that have an anti-capitalist ideology....what they also have is a bloated government elite professional managerial class. So at least in the capitalist society you can hang out a shingle and start your own business.
It is not just the money differential --- is the power differential.... it allows the game board to be tilted more and more to the very few.... and from the very few the counter-elites emerge for them to try and sculpt a new world vision that often sees democracy as a hinderance.... I mean what does the measly school maintenance person know anyway and why should their vote be equal to mine.
Peter, You’ve outlined how elite overproduction and the wealth pump drive societal instability, but how do cultural or ideological shifts-such as changes in collective values, trust, or technological ethics-interact with these structural forces? Could such shifts mitigate or exacerbate the trajectory of societal collapse, and how might they influence the potential for 'redemption' beyond structural reforms?
Great video! BTC’s institutional backing and ETH’s upgrades enhance their value. DOGE, despite volatility, has momentum. I think there’s a chance in new cryptos. I’ve put $5,000 into XAI34L. Anticipating great results! 🚀
Excellent questions on your part > I knew of you from that otherwise program with Daniela < and saw when you had only 30000😢 subscribers> now look at you your guests are becoming more relevant to who we are > what lies on the horizons> anyway I rambling almost wanderer> going to Vietnam and Cambodia a 71 yr female who will start her utube channel somehow ( I did get the microphones and a selfie/ tripod thing-a-my-rig
When in an economics podcast the guest says some one is rich because they don't pay workers enought I loose all interest for what the guest has to say.
Right. I really doubt that Elon's workers are underpaid. Especially those at Space-X. And even then, his 'workers' pay rate has little to do with the amount of wealth he created. I was surprised that David did not go back to that statement.
Appreciate the recommendation! Bought XAI34L, expecting 10x returns. Major exchanges confirming listings. Your insights have always been on point. Looking forward to seeing where this investment goes, thanks for the valuable advice!
News Alert! Inflation hasn't just started to affect us. People have been suffering greatly from inflation for almost a century, but notably after 1971. During the industrial revolution, prices of products and services were auctioned down to the point that consumers could literally buy them for as little as a penny thanks to a free market and sound money. All of the problems we have today are a result of government meddling.
It has never been easier to understand how to build your money than it is right now, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
I think it's great to use a portfolio advisor when investing. Before I met with a certified portfolio advisor during the pandemic crash in March 2020, I had recently started having terrible dreams. Finally, with the help of my advisor, I was able to increase my initial investment of $400k to over $2.8 million dollars.
Where may one locate a wise FA? Even while I like the idea of using their services, it's unfortunate that recent stock market catastrophes have started to happen more frequently.
''Stacy Lynn Staples’' a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in our country.
Inflation can have a significant impact on individuals and their cost of living. As a result, it can cause negative market sentiment. It is important for individuals and businesses to find ways to navigate and potentially mitigate the effects of inflation on their finances. The current economic climate, including underperformance of financial markets due to fear of inflation, has led to a decrease in the value of my portfolio. I would appreciate any recommendations on how to potentially increase returns during this market downturn.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up $450k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
Could you kindly elaborate on the advisor's background and qualifications?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Melissa Elise Robinson for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
My father used to say, "If everyone jumps on the wagon, then who's going to pull it?".....
The unborn children
Gravity. 😂 thankfully its all downhill from here
This is one of my favorite channels. Fascinating interviews.
Best Professor I have ever had the pleasure to listen to. David you were great as usual!
A "professor" who has built WHAT?
What is he an "expert" in?
Has he ever contributed a damn thing to the economy?
Thank you
The biggest reason for the disparity between working class and elites is b/c in my opinion, the working class were "unable"--keyword--to participate in the shareholding stake of these companies stocks that exploded in growth. And thus the working class never saw the gains these elites did b/c they were never offered ownership in company stock. All of the privately & publicly held companies I've worked for never-ever offered employees to buy into their company stock. It was always reserved for the C-Level folks. 😪
I disagree. The problem is that people waste their lives watching TV instead of studying the economy as we are doing here on this channel. The Price is Right makes people poor. David Lin leads to wealth. The poor and middle class are largely lazy. My father was a working man who got rich. He bought Apple stock. There were many opportunities. Moreover, I have noticed that a lot of people have an affinity for being poor. It's part of their identity. The like it in a way.
Dude the democrats have no interest to help labor what are you talking about? We have two right wing parties that only care about their corporate donors
Great guest - he has really nailed it - the wealth transfer from poor to rich is the main cause of revolution and system collapse.
Maybe the winners hope it's different this time cos surveillance and robot warriors will come along and protect them.
Warren's buffet is waiting for the crash like he did 2008 crash.
Is that why he's sitting on cash? 🤔
@Randal "Warren's buffet" is delicious!
There will never be more than a 30% correction in stocks and real estate. The fed will make sure of it. The real crash is in the currency
@@justadildeauit’s so he can buy up the lame mules that are left out on the field bleeding after the dollar cost hurricane.🌀
Really enjoying the variety of types of guests.
Republicans party of 1%, Democrats party of 10%... Great insight. Bernie is right
I have always had a hard time to envision how a civil war could break out as the polarization is not even state by state, but block by block ,neighbor by neighbor and brother by brother. The only way they could engage would be if masses of each's supporters were on the streets and clashed.
What an amazing guest , brilliant. Never heard of him.before but clearly I should have.
You got Peter Turchin on your podcast? Nice job, David. You’re really moving the needle on the relevancy meter.
Thank you
For 20 years I listened to a show called "Rockaholics Anonymous" hosted by Uncle Mort. After he died I found out that He had a law degree from Lewis and Clarke but he worked as a bus driver in Portland, Oregon.
Great guest and content David.
Great guest! Thank you.
Fantastic interview, great guest. I really appreciate the space Mr. Lin gives his guest to speak freely without too much interuptions. This interview really leaves a lot to think about.
an unsecure southern border sounds like a foreign invasion to me.
Then where would we get cheap labor? Those people come because others here will give them jobs and pay them little versus paying an American.
BS
That’s because you’ve clearly never seen a real war. If you want to actually see a real war have a look at the atrocities and destruction that Israel has brought upon the people of Gaza.
The doctors who have come to help and have travelled across northern Gaza say it’s like Hiroshima after the atomic blast -
nothing living and only rubble remains of the buildings and infrastructure. Minimum 45,000 dead, many women and children and well beyond 100,000 injured and maimed with limbs blown off.
The trickle of people across your southern border is not an invasion, it’s just people coming for a better life in America, like tens of millions of other Americans and their forebears.
Macro Violence, could it also be starting a foreign (major/nuclear) war? That seems to be unfolding in Ukraine.
Holy Sacroiliac....the Crypto Spam Bots in the comments. They're the new Nigerian Princes.
What will happened when robots are no longer distinguishable from workers ? Humanity could just be a couple rich people.
15:50 - The widening wealth gap / wealth inequality is important for one simple reason: human beings are prone to jealousy and envy and resentment brews as a result when people increasingly feel inferior and that they're getting a raw deal while others prosper substantially more. It's not enough to be slightly better off, as a class, than your class was decades earlier when you're comparing yourself to others who are massively better off in the present. The only thing that matters to people ie how good they feel about where they are right now.
Super guest, who is drawing on a vast amount of accumulated data to support his theses. However, the past does not equal the future as society evolves. Many of his scenario extremes are unlikely to come to pass.
,"The Fourth Turning is Now" by Neil Howe is a good read.
I bought it! But I haven't gotten through the 5 books I am currently reading or the other 50 or 60 that I bought and still want to read. 😂
Break everything, then rebuild.
that is indeed the commie plan
So you have a billionaire leading the gop and has other billionaires who run with him and they are the party of the working class? Brother those people got duped.
Looking at democrats who had 90 billionaires support while peddling socialist policies isn't any better lol
As long as working class believes he’s their guy… he’s trying his best to speak like most of them 😉
working classes who choose communists as their leaders are the ones who are being duped...just look at Venezuela, Cuba, China, Soviet Union, and basically any communist regime. Kackles is a closet communist.
Outstanding
Very nice, David, you put your effort into discovering gems (authors, new points of view etc.) while other channels, similar to yours, stay with what they perceive as being safe, keeping rotating the same guests over and over. Please keep in mind, while many of these new guests have quite the knowledge and insights, they lack practice of expressing themselves so be patient with them. They need to practice being interviewed - no matter how strange that might sound.
I have heard about and listened to Prof. P. Turchin before; this chat is one of your few more interesting, useful, and worth watching (*) interviews. The others are pure conjecture, guesses, and pure speculation, etc and they are very forgettable, so I don't watch them. It would help if you read his books.
* It has at least some scientific basis(backed by data) in what he said.
I think the professor overlooks what in my opinion is the root problem; in the US and all other representative democracies, the voters elect politicians with monopoly power, as a class, over policies and legislation. The people can do nothing to stop policies or legislation, or to force politicians to formulate new policies or laws.
All the people can do is wait till the next election and vote for another party but the control of policies and laws continues in the hands of politicians.
Furthermore, the non-elected bureaucrats formulate all sort of rules and regulations.
Because the politicians have all the executive and legislative power, the lobbies soon discover that by "donating" (in fact is more like an investment bordering on blackmail) they can control who becomes a candidate and, therefore, who gets elected.
The end result is that gradually, the politicians have no choice but to deceive the people by telling voters they will do this and that for the people if elected but in fact they work for the lobbies. Slowly but steadily the people realize the politicians do not really work for the voters but for themselves and the lobbies. As things worsen people also realize the politicians and the lobbies try to distract the people from their powerlessness with demagoguery about Left and Write while the lobbies in fact control the parties.
At some point, a person of the establishment realizes the disconnect will create a crisis that could destroy the country for the current and coming generations. Trump is no ordinary voter but he saw that the trend could destroy the country and his own wealth.
There is a country borderinf the professor's own who has solved this problem of powerless voters, Switzerland.
May I suggest you, David, study the Swiss system a little and use your program to educate Americans, Canadians in the West about the only real democracy we have, Swiss democracy; superior political stability, superior incomes, aversion to revolution, just continuous governance and actualization by the people directly.
Surpridingly, the countries around Switzerland dismiss Switzerland as an odd case. If they study it they would understand the Swiss system works like no other, in spite of having four founding cultures, four languages and two major religions.
Maybe Switzerland has this special status because it has the central banks’ central bank - the BIS situated there in Basel.
Swiss democracy works like a clock 😉 a well designed and 1st world skilled-labour manufactured Swiss clock.
Outstanding guest.
I live in Vancouver too David. Where is the glut of physicians in our economy, per your guest's thesis?
beautiful economics. Thank you Sir
Great analysis and interview. Many thanks 🙏 fingers crossed trump gets in before the elites press the button !!!!!!
Hmmm…I simply can’t imagine why Buffet is $300 Billion in cash and growing….
“It will be a war of neighborhood against neighborhood, city against city, county against county, state against state, and they will go forth destroying and being destroyed, and manufacturing will, in a great measure, cease, for a time, among the American nation.” - Orson Pratt
The feminine is chaos and the masculine is order. The pendulum swung too far towards chaos. It's time bring back order.
This is what happens when you let Js dictate societal culture
@@davidmann2524 Blaming minority groups for your problems huh? That's usually one of the many signs a society is collapsing.
@@PatrickRockwell24I don't have too many problems these days. That response is pure deflection and straight out of their rhetoric tricks. It's tiresome. Next you'll call me low IQ of jealous and failing that mentally ill/crazy. It's so predictable at this point
Minority, i think not.@@PatrickRockwell24
@@PatrickRockwell24 I mean they already deleted the comment, totally powerless people you can't criticize at all like Malcom X once pointed out. If you read his autobiography you wouldn't know that because they took that part out. It's tiresome and people are waking up to these demons
love his book. its a real must read. end times, elites counter elites and the path of political disintegration is amazing.....i got it on audio and i may re listen many times. cant believe you got him on to talk good job.
Thank you very much! That was a great interview.
Such a great channel 👏
Great discussion. Very interesting. 👍🏻
I will say most college degrees are not worth it. My wife is going for early childhood development and I don't think it's going to he fruitful.
My takeaways:
• Rise of Counter-Elites - Elon Musk and Tucker Carlson, to name a couple, are challenging the traditional elites and shifting the Republican Party to focus more on the working class.
• Less Likely to See Civil Unrest: Fewer young people/ better overall wealth = the chances of widespread violence or revolt are lower than in past revolutions.
• Reforms Can Prevent Chaos: If elites address societal problems/share wealth, like FDR did with the New Deal, it may help avoid major upheaval and keep things stable.
Elon Musk and Tucker Carlson are narcissists. They only care about themselves...Just like their good buddy at Mara Largo.
Lol yeah Elon and Trump aren't "elites"... the delusion is strong w you guys
EXCELLENT GUEST
Thanks, I enjoy your variety of topics and guests.
Great interview!
When you talk about World War, don't give it a number. Because WW3 is most likely already past us. What you need to do is talk about what the World War is for... World War 4 Brexit.
Coinbase, OKX and Binance will list XAI34L very soon. We do not have much time left
Ok
Wealth inequality is a condition of being serious about finance. Most of American's are not serious about finance, they are serious about their entertainment and that is why they lack resources. Those that take their finance (and their lives in general) seriously are motivated to become successful no matter their conditions. They take the steps to learn what it takes to become financially successful, they don't blame others and cry about not having things as they go out and find a way to get it.
Lol! Good lies. The likelihood that an individual born in the poor and working class will rise or his children will rise to be within the top 10% wealth class, is the lowest it's ever been in U.S. history. This is the product of the economic system we've established over the last 80 years. You can keep living in fantasy land fetishizing the wealthy or you can wake up and help build a more equitable and sustainable country.
Hint (Q)
The secret of the
WORM 🐛
Butterfly 🦋
Between the two lies, a transformation
A cocoon
The secret of the Chinese princesses 👸
Soft smooth, luxurious
SILK ❤
Let's take Tesla for example. One thing that Tesla did when it was short on cash was pay it's employees with stock. And you better believe that those employees made out very well out of that deal.
And pulling back and looking at it ideologically, the workers "owned" the means of production. They owned shares in the company that they worked at.
And in America in 2024, 53 percent of Americans have some sort of investment in the stock market. So you could say that, in that sense, America is very socialistic.
Women's entry into the workforce in the seventies cause real wages to drop we had Surplus labor and from that point a growing administrative state which does not improve productivity... of course I support women in the workforce but we should not have a huge administrative state we should also not have two or three retirees for every working person people need to work longer
Worker productivity has been dramatically increased since the 1970s. What has changed is the worker's share of that increased productivity. Real wages for the lower income brackets have been stagnant for the past 80 years. Meanwhile, wages and income compensation for managerial and executive positions have increased exponentially. You can trace this decline to the continued attacks on labor unions and worker's rights over the last 120 years.
@@Eric-m2f3d we are now at a point in Canada where we have one in four people working for government ...so the other 3 workers have to support both that person as well as everyone retired or living on some sort of public benefit. In the 90's there were 5 people working to each person retired and now it's under 2.5 ...18 million working to 7.6 million retired... If I had just my one job and not 2 or if I were not a strong investor than I would also be in trouble. In the coming year I hope to see 10'000's of paper pushers (including 5 of the 7 layers of bureaucracy in each government ministry) retired, an end to government bonuses, and an introduction to basic financial planning in our secondary schools.
@autonestegg4195 So maybe Canada should increase its immigration or encourage families to have more children or both.
@Eric-m2f3d yes while also having fewer administrative bureaucrats and a higher percentage of people working in the free market not for government
@autonestegg4195 I'm not sure how Canada works compared to the US, but this idea of a free market is a fallacy. I would suggest you read John Kenneth Galbraith, my favorite economist, also a Canadian.
LMFAO... Replace all boring and not fun labor with AI. Yeah, every job can't convert to AI. That'd be every damn job.
At least half of corporate jobs could be replaced by shell scripts, python, and AI.
This smells a bit like Russian propaganda.
6:00 "The Wealth Pump" 10:20 law degrees are dangerous 😂
What's why we need new federal banking
Excellent guess.
The decoupling of US wwages & productivity dates to the early 70s (Nixon shock) not the late 70s
The famous AEI version of the graph sets 1979 as the index level (ie the curves are drawn so that they MUST cross there)
What happens if this process continues? K, know the movie Ready Player One? THAT'S WHAT'LL HAPPEN!
You say "Wealth Pump" I say PARASITISM, po-tat-to, pa-ta-to!
winner takes all theory
1. 30 it's a plan, slomo plan, prediction not, pre diction
Just watched your video discussing XAI34L and I am very excited about this
scammer always lying on youtube
SCAM ALERT
Thanks for sharing XAI34L and DOGE. 💯
XAI34L is still extremely undervalued
not sure if I agree with David's guest. there is the phenomenon of individuals who excel and bring huge benefits to the remaining, what, 90% of the population. there will always be disparity but there is enough productivity across the spectrum that a lot, and I mean a lot, of people benefit economically/socially/and culturally in a free market. Think of all the wealth and benefits for hundreds of thousands of people that Elon has generated. It's not a matter of comparing Elon's wealth with the school maintenance person.
The real problem with his argument is when people say that capitalism is the worst form of economic organization in the history of the human race.....with the exception of all the others.
We can just take a look at countries that have an anti-capitalist ideology....what they also have is a bloated government elite professional managerial class. So at least in the capitalist society you can hang out a shingle and start your own business.
It is not just the money differential --- is the power differential.... it allows the game board to be tilted more and more to the very few.... and from the very few the counter-elites emerge for them to try and sculpt a new world vision that often sees democracy as a hinderance.... I mean what does the measly school maintenance person know anyway and why should their vote be equal to mine.
I can’t wait to short $MSTR 😊 when the time is right ofc
And many other things. You might be interested in perpetual futures on crypto. I will be shorting the hell out of the worst coins...eventually.
Thanks for the advice! Got XAI34L, feeling bullish! 🚀
Peter, You’ve outlined how elite overproduction and the wealth pump drive societal instability, but how do cultural or ideological shifts-such as changes in collective values, trust, or technological ethics-interact with these structural forces? Could such shifts mitigate or exacerbate the trajectory of societal collapse, and how might they influence the potential for 'redemption' beyond structural reforms?
Bought XAI34L after watching your video, super excited! 💰
My investment portfolios are Bitcoin, ETH and XAI34L
Great guest! David? Clueless.
Great video! BTC’s institutional backing and ETH’s upgrades enhance their value. DOGE, despite volatility, has momentum. I think there’s a chance in new cryptos. I’ve put $5,000 into XAI34L. Anticipating great results! 🚀
Excellent questions on your part > I knew of you from that otherwise program with Daniela < and saw when you had only 30000😢 subscribers> now look at you your guests are becoming more relevant to who we are > what lies on the horizons> anyway I rambling almost wanderer> going to Vietnam and Cambodia a 71 yr female who will start her utube channel somehow ( I did get the microphones and a selfie/ tripod thing-a-my-rig
When in an economics podcast the guest says some one is rich because they don't pay workers enought I loose all interest for what the guest has to say.
Right. I really doubt that Elon's workers are underpaid. Especially those at Space-X. And even then, his 'workers' pay rate has little to do with the amount of wealth he created. I was surprised that David did not go back to that statement.
37:20
Terrible interview.
Lol. The angry losers emerge. Good one.
LOL, the angry losers are 80% of the population now.
This is why we Bitcoin...... 😊
First
Naaah.
Appreciate the recommendation! Bought XAI34L, expecting 10x returns. Major exchanges confirming listings. Your insights have always been on point. Looking forward to seeing where this investment goes, thanks for the valuable advice!
Loving SOL and XAI34L! Following your advice has made me $30K in profits. Super excited for the future of these projects!
when nothing works why bother