Of course loss of purchasingpower will ultimately result in a loss of confidence in governance, prosperity, wealthpreservation and social trust. In just 4 years I've seen an already overheated housingmarket turn into a frenzy of speculation, sheer greed and because of corrupt governmental mass-immigration policies....an absolute mega-crisis. I've never experienced these levels of dysfunction and corruption in 50 years. It's incompetence, greed, corruption, virtue-signalling gone wrong, stupidity and a rulingclass that absolutely despises the workingclass ALL combined. Let me remind each of you, inflation is a DELIBERATE policy. Mass-immigration of cheap labour is a DELIBERATE policy. Or for votes. Or to serve as a new batch of debtslaves. Pick your poison. Moneyprinting and devaluation of a currency are DELIBERATE policies. Bullsh*t wars, hundreds of thousands of people dead, propaganda and gaslighting, outright lies are DELIBERATE policies. Last but not least, let's not forget the role of the media here. Instead of guarding the truth and holding politicians, corporations, bankers and elites accountable for their corruption, they're bought and paid for by the very same that are wreaking havoc on society. They truly are the enemy of the people, the truth and this is why mainstream media is dying. People instinctively know that all the propaganda, gaslighting, divisive BS, rage- and clickbait and hysterical agenda-pushing is to be turned off, avoided and ridiculed. This is why it's so important that people like Brent and Jon have a voice. Cheers guys.
We need to move towards a more de-centralized governance model. Power corrupts and who has more power than big governments. Governments don't care about the people; it's all about keeping game of charades going to benefit themselves.
We The People have not held our representatives accountable, it's not all governments fault. Not to put words in anyone mouth of finger tips. Just pointing out our part in this mess. I for one did not pursue the things like a financial education and sovereignty education that would best suite me and those in my sphere soon enough in life. I didn't start learning and implementing these things till just 4.5 years ago at the age of 38. Thankfully, my kids have seen and taken note of my transformation and are following suit. Great comment.
Fantastic video and especially that everyone isn't on the same level! 5-6yrs ago I was drinking the gold bug coolaid and then stared listening to more informed podcasters and started to really understand the money and financial system. Once I understood the real situation, I made lots of money adjusting how I invested. (mostly in tech and some crypto). I also think gold is a legacy money that millennial and younger generations won't bother with. (especially miners and exploration that I affectionately call boomer shit coins.) lol
I have not missed one video since the channel started. The gift that is channel gave me was to think it thorough instead of making assumptions from news or sheep narrative. Thank you Brent and Jon. Well done video today gentlemen!!
yes, my point being why go through this process if you will continue overspending and devaluing the dollar either way. It’s a mess, we wouldn’t be in this spot if our government could run a budget. On a personal note I've worked closely with my advisor to grow my portfolio from $200k to $4.8 million through stock trading because as a businesswoman, I prefer to invest my money rather than let it sit idle and lose value over time due to inflation.
Despite the ups and downs in the stock market, you've managed to turn your investments into good profits. Could you share the name of your advisor? I have $300k saved up and ready to invest. Letting money sit idle isn’t my style as well, I’d rather put it to work and keep it growing.
I listen each week and am very fond of your format. Just a couple guys being honest about their views. The milkshake theory is absolutely relevant to the topics so keep it coming! Be blessed, gentlemen!
I have no wealth to speak of.... At least not as you are using that word. But I like to look at the trees sub specie aeternitas, because that is the ultimate and True forest.✝️💙♾️🥰
My professor developed a theory and even wrote a book on world class swimming based around the 1984 Olympic team on the "Mundanity of Excellence". In particular he noted that people become an excellent when they don't mind or even enjoy repetitively doing things that other people find boring. So Brent your Love of free throws, or of the minutiae of nuance of the dollar milkshake theory and its ramifications... That's (a big part ) of what makes you excellent. Like 8 hours in a pool staring at a straight line... With a smile and a curiosity that just keeps going 😁😊
Brent said it! The government doesn’t care about the people!. They care about their system that enrich themselves and their friends. It’s amazing to me that confidence in their system has held up as long as it has. If the 2020 election,which was stolen,hasn’t opened the eyes of the public then I guess the public will continue along the path to serfdom. Those of us who have somewhat of a grasp on what they are doing at least will see it coming and possibly be able to adapt quicker. God help us all
I'm not suggesting that we are the voice of reason, but we do try to add context to the noise. With that being said, you can see why so few "get it" just by the number of video views we get versus some Kardashian level garbage. The masses don't want to be informed; they want to be entertained.
At present, the most prudent consideration for everyone should be diversifying their income sources, ones not reliant on government support, particularly given the ongoing global economic challenges. This remains an opportune moment to explore investments in assets like gold, digital currencies such as Bitcoin, Ethereum, and XRP, thanks to Flora Elkin for her guidance in these fields her proficiency is outstanding
It's unexpected to come across her name here. She understands every beginner’s intention and fix you to a trading course that matches your capacity, she knows her stuff! Her advice has been invaluable to my trading journey. Definitely worth giving a shot!
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Flora's insights. It's akin to finding a diamond in a coal mine.
I look at the dollar milkshake theory as a gift. Continue to earn dollars and buys PM’s in dollar terms. Silver just hit an all time high in Yen. We are very fortunate within the US.
I first heard of Brent and the DM theory from Peter Schiff of all people😄. Apparently, Brent had lost a bet with Peter some years back on the FED's next move. I remember thinking "that guy Brent must be really clueless, of course the dollar colapse is imminent and gold is gonna go to the moon tomorrow (for those who don't know, this has been Peter's thing since forever). Well... time went by and the dollar didn't tank and gold didn't go the moon and I thought "humm... maybe I should listen to what that other guy was saying a little more🤔 maybe he's not that clueless afterall😁
They bet each other a gold coin a few consecutive years based on which did better that year, gold or the dollar. I believe Brent was up 2-1 since the last time the bet was officially placed.
The family just left on a road trip. Time to binge listen to the Milkshakes Pod. The kids will have to wear their headphones unless they want to listen along 😂
Yes when you print tons of money and they use it for things that have absolutely no benefits for the citizens the money represents. They lose confidence in the currency 😢
48:39 Its easy to make an argument that they want to cut but that they're very aware that 10-30year yields might not drop significantly, increasing the current inversion even further and breaking the banking/financial system for good. Timing...
I kinda have this thought going through my head that, "you can be wrong for a really long time, but still not be wrong" but eventually you have to ask, how long being wrong before you are wrong. We all invest to make money, or at least preserve what we have, so if what we've invested in based on our world views and theories, and we're falling behind, how long do we keep that up before we would or should give up. Peter Schiff is a great example of this. He was wrong for a really long time and many people missed out on huge market moves in the meantime. Sure precious metals are moving now, but for his investors to make up for the decade long missed out opportunities, we'd have to practically double from where we are now to make up for it.
Empathy (the ability to see through another eyes) for ones enemy is a lost art. "Know thyself AND know the enemy and you will never be in peril"-The Art of War
@@JonKutsmeda They can tax the tax base 100% and it wouldn't make a tiny dent, except to expel most of the taxable capital out of the country. They have to devalue, all countries do. Its Bitcoin Milkshake Theory. Yelling about something that depreciated 99% value against Bitcoin and can only devalue more is a silly premise.
I sense that Jared Bernstein behaved the way he did on purpose. Compare it to how he normally speaks. If he actually wanted to raise awareness on the seriousness of the situation, maybe acting like he temporarily lost his mind to get attention might save him from committing treason or service error. After all, he would be acting in the spirit of his president who looses his mind all the time. It’s either that or the incompetence is genuine. The latter option seems too simple based on the position Bernstein has acquired over time.
The reason why I gravitated to this channel is Brett says things nobody else is saying. For me I tend to gravitate or at least notice and do more homework when some say things totally different from everyone else. Greg Mannarino is another guy I listen to because of this. I start to question things if everyone is on one side by saying what am I missing here!
Brent helps us being grounded and levelheaded, but I don’t agree with the proposition that anything is possible, at least not to a comparable degree. Not taking a stance, by saying anything’s possible, gets us nowhere. Probabilities matter for a meaningful preparation. The question is, how do we prepare and for what? :)
I appreciate all the work you guys do. Thank you. I hope people understand that markets are just a game and you are giving the instructions how to play the game. Just as Brent says, if everyone believes something has value, then it has value. But in real life, these commodities have no value. We place value on basically a useless yellow shiny rock. In contrast a bag of rice or dozen of eggs has little value compared to the yellow rock? That's insanity. Markets are a game of madness, prepare to go insane.
Confidence is 100% on why things work the way they do. Everything is based on confidence. Zimbawe is a good example of why simply resetting currency is not enough. Nothing is being done to reestablish confidence.
Thanks as always for sharing your insights on the Dollar and markets in general. Pretty nice timing by the BOJ to start intervention at 160 just before the U.S. released weak ISM, Consumer Confidence and softening jobs data while the Fed also took a dovish step in announcing a slower pace of QT. 140 over the next year doesn't seem unreasonable. If the yen goes to Y200 vs. the dollar and assuming the Chinese yuan and Korean won weaken along with it, how does U.S. manufacturing compete with Asian producers? If the BOJ were to write-off all the JGBs they hold, is this inflationary and cause for further yen weakness or is it already reflected in the yen's value? The money is already spent so no additional demand is created by writing off the bonds. Appreciate your insights.
I'm not sure why so many want to see the demise of the dollar while so many of us earn and save dollars - for retirement many of us.... it may not be perfect, but I'm hoping it holds together for some time
No country can stay on a gold standard very long because it severely limits politicians from unchecked spending (like Ukraine)! Central banks wouldn’t let that happen either. They’d send the US military on them.
In the collection of Hunter S Thomson letters from his lifetime, it would suggest the political elite knew franking would eventually work, and those fields would be worth a lot of money. He was trying to publish a story about it but no one would publish it.
@JonKutsmeda I believe it was from the book "Fear and Loathing in America: The Brutal Odyssey of an Outlaw Journalist 1968-1976". It was a few years ago when i read it but, He went to an oil conference and got wind of some large land deal for land when there was oil locked up in rocks, no one knew how to extract it at that point but everyone know one day it would be worth a ton of money. He was talking about how there were all these politicians and other powerful people in on the deal. The letters are more about trying to get the story published than what the story is. The book is very interesting all-around.
Reminds me of the time Ali G interviewed Ralph Nader. Ralph was one of the only people who picked up on his act and famously quipped about how we haven't yet figured out how to capture cow farts.
I really enjoy listening to you, Brent. It's been a productive counterbalance to some other commentators out there over the past few years. With that being said, can you and John spend less time talking about the broad manner in which you've been accurate? The first ten minutes of this video is a good example. Focus more time on what you see in financial markets, and the economy. I'm interested in your thoughts and opinions on jobs numbers, real estate factors, bank reserves, Federal Reserve topics, etc.
great podcast, Brent and Jon could you get Luke Gromen and/or Lyn Alden on - not so much a debate but the nuances and timing differences on the milkshake theory...? by the way, your comment about msnbc had me LOL..does anyone actually watch these legacy channels (except while waiting in the boarding lane at an airport or flipping through channels in a hotel room )?
Always fascinating listening. Thank you, Gentlemen. My question, slightly off topic, if China, a vital part of the physical global economy, constantly feels restrained by dollar needs, could you see the Renminbi freely float on international markets ? Wouldn't that strengthen their standing and directly challenge dollar and US power ?
I never understood how a weak Japanese yen hurt China's exports by making them more expensive. Thank you. I thought it was some how related to Chinese real estate going bankrupt. ❤❤❤❤
This Bible verse came to mind when Brent said he doesn’t like maxis Ecclesiastes 11:2-4 NLT But divide your investments among many places, for you do not know what risks might lie ahead.
I'm more and more convinced that Brent built his milkshake idea on the Confidence Model created by Martin Armstrong. Almost like listening, Martin ten years ago predicting high dollar, high gold , high stocks, etc. Of course, there is nothing wrong with it, but I seriously would like to know if Brent ever attempts Martin's conference???
I hope to ask if you can help us understand what will happen after June 9 2024 when the 50-years PetroDollar Agreement expires between Saudi Arabia and the US? Is the mighty powerful USD currency a concern when Saudi Arabia decides not to renew the PetroDollar agreement? Can US still print money as usual from their 50-years of printing money? Thank you.
One area about the DMT that (imo) needs a little more explanation is the bit about how the US military backs the dollar. If the military was called into action, how does that support the dollar? Military action is expensive, and would likely feed into more inflation. Higher inflation could spark a dollar flight in the capital markets, and thereby cause the dollar to fall.
Japan imports most of its energy but the Japanese don’t live an energy intensive lifestyle. They live in a shoebox, ride the train and eat soy. If the Japanese lived an American lifestyle the weak yen would be too painful.
A metaphorical way to explain the need to address the consequences of US dollar dominance, is that when it comes to global economics, it’s the 300 lb gorilla in the room.
Confidence in a currency can be rhetorically low while operationally high, meaning you know your money will be accepted tomorrow like it is today and plan accordingly. I do that and have never been mistaken. I'm bothered by recent inflation and waiting for it to subside isn't fun. I'm not much interested in what the world gives up on. People tend to adopt theories to cope with anxiety. Don't expect this loss of confidence to have practical consequences.
Jared Bernstein, the chair of the council of economic advisors for the Biden administration, is a sociologist, so it's not that surprising that he isn't familiar with basic economic theory. The amazing thing is that he is doing interviews. The old joke was: It's better to be quiet and be thought a fool than to open your mouth and remove all doubt. In any event, Brent must be right if the dollar can hold up to this kind of abuse...
A dollar pullback will put Bitcoin & Gold over the moon. The milkshake theory really flows up to Bitcoin & Gold. Might as well call it Bitcoin Milkshake theory.
The reason why MMT won't work for long in real life is because it's a mechanism that does not take into consideration human nature (motivation, productivity, sense of entitlement, vote-buying, etc.).
2000 years ago, in Asia, a script was written about governance. In regard to economy, it said : In order to understand economy, one has to understand humans.
Of course loss of purchasingpower will ultimately result in a loss of confidence in governance, prosperity, wealthpreservation and social trust.
In just 4 years I've seen an already overheated housingmarket turn into a frenzy of speculation, sheer greed and because of corrupt governmental mass-immigration policies....an absolute mega-crisis.
I've never experienced these levels of dysfunction and corruption in 50 years.
It's incompetence, greed, corruption, virtue-signalling gone wrong, stupidity and a rulingclass that absolutely despises the workingclass ALL combined.
Let me remind each of you, inflation is a DELIBERATE policy.
Mass-immigration of cheap labour is a DELIBERATE policy. Or for votes. Or to serve as a new batch of debtslaves. Pick your poison.
Moneyprinting and devaluation of a currency are DELIBERATE policies.
Bullsh*t wars, hundreds of thousands of people dead, propaganda and gaslighting, outright lies are DELIBERATE policies.
Last but not least, let's not forget the role of the media here. Instead of guarding the truth and holding politicians, corporations, bankers and elites accountable for their corruption, they're bought and paid for by the very same that are wreaking havoc on society. They truly are the enemy of the people, the truth and this is why mainstream media is dying.
People instinctively know that all the propaganda, gaslighting, divisive BS, rage- and clickbait and hysterical agenda-pushing is to be turned off, avoided and ridiculed.
This is why it's so important that people like Brent and Jon have a voice.
Cheers guys.
❤️ 🔥
We need to move towards a more de-centralized governance model. Power corrupts and who has more power than big governments. Governments don't care about the people; it's all about keeping game of charades going to benefit themselves.
Humans are animals always do everything in their own interest as they see it.
The world is a harsh place, grow up.
We The People have not held our representatives accountable, it's not all governments fault. Not to put words in anyone mouth of finger tips. Just pointing out our part in this mess.
I for one did not pursue the things like a financial education and sovereignty education that would best suite me and those in my sphere soon enough in life. I didn't start learning and implementing these things till just 4.5 years ago at the age of 38. Thankfully, my kids have seen and taken note of my transformation and are following suit.
Great comment.
Well said! Too bad most dont even see this even today!
Fantastic video and especially that everyone isn't on the same level! 5-6yrs ago I was drinking the gold bug coolaid and then stared listening to more informed podcasters and started to really understand the money and financial system. Once I understood the real situation, I made lots of money adjusting how I invested. (mostly in tech and some crypto). I also think gold is a legacy money that millennial and younger generations won't bother with. (especially miners and exploration that I affectionately call boomer shit coins.) lol
I have not missed one video since the channel started. The gift that is channel gave me was to think it thorough instead of making assumptions from news or sheep narrative. Thank you Brent and Jon. Well done video today gentlemen!!
Thank Mr. Stocks. We appreciate your commitment and loyalty since the beginning. 🤝
Thank you Mr. C&S for coming along for the ride all this time.
🎉🎉🎉
STILL one of THE most underrated channels on UA-cam!!!
Thank you!! 🙏
Totally agree. I just think they need to offer a lactose free version for people who are intolerant
They raise interest rates, but then continue their obscene overspending and money printing. Such a mess
The biggest psyop of them all, left and right, is that they ever intend to stop spending.
They stopped printing money when they started hiking interest rates. That's the literal meaning of quantitative tightening.
yes, my point being why go through this process if you will continue overspending and devaluing the dollar either way. It’s a mess, we wouldn’t be in this spot if our government could run a budget. On a personal note I've worked closely with my advisor to grow my portfolio from $200k to $4.8 million through stock trading because as a businesswoman, I prefer to invest my money rather than let it sit idle and lose value over time due to inflation.
Despite the ups and downs in the stock market, you've managed to turn your investments into good profits. Could you share the name of your advisor? I have $300k saved up and ready to invest. Letting money sit idle isn’t my style as well, I’d rather put it to work and keep it growing.
She is well known as - Chasity George Charles. please do your own research.
I listen each week and am very fond of your format. Just a couple guys being honest about their views. The milkshake theory is absolutely relevant to the topics so keep it coming! Be blessed, gentlemen!
Love how these guys make you think, that is, understand the options
Thanks Rodney, glad you are getting value from our discussions. We appreciate you joining us every week.
Best podcast hands-down
Best fan base, hands-down. ♥
I think many watching this channel are missing the forest through the trees. This channel is about wealth; growing wealth and preserving that wealth.
I have no wealth to speak of.... At least not as you are using that word. But I like to look at the trees sub specie aeternitas, because that is the ultimate and True forest.✝️💙♾️🥰
Great episode gents!
My professor developed a theory and even wrote a book on world class swimming based around the 1984 Olympic team on the "Mundanity of Excellence".
In particular he noted that people become an excellent when they don't mind or even enjoy repetitively doing things that other people find boring. So Brent your Love of free throws, or of the minutiae of nuance of the dollar milkshake theory and its ramifications... That's (a big part ) of what makes you excellent. Like 8 hours in a pool staring at a straight line... With a smile and a curiosity that just keeps going 😁😊
Love this 👏
Particularly good podcast this week
Really enjoyable program, something for everyone, thank you.
Thanks for the comment, great to hear you appreciate the balance we try to provide. We look forward to seeing you next week as well. Cheers!
Brent said it! The government doesn’t care about the people!. They care about their system that enrich themselves and their friends. It’s amazing to me that confidence in their system has held up as long as it has. If the 2020 election,which was stolen,hasn’t opened the eyes of the public then I guess the public will continue along the path to serfdom. Those of us who have somewhat of a grasp on what they are doing at least will see it coming and possibly be able to adapt quicker. God help us all
I'm not suggesting that we are the voice of reason, but we do try to add context to the noise. With that being said, you can see why so few "get it" just by the number of video views we get versus some Kardashian level garbage. The masses don't want to be informed; they want to be entertained.
Bloomberg and MSNBC isn't calling Brent, and i don't watch them anymore.
Good thing the DMTN has him booked solid.
At present, the most prudent consideration for everyone should be diversifying their income sources, ones not reliant on government support, particularly given the ongoing global economic challenges. This remains an opportune moment to explore investments in assets like gold, digital currencies such as Bitcoin, Ethereum, and XRP, thanks to Flora Elkin for her guidance in these fields her proficiency is outstanding
I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this
It's unexpected to come across her name here. She understands every beginner’s intention and fix you to a trading course that matches your capacity, she knows her stuff! Her advice has been invaluable to my trading journey. Definitely worth giving a shot!
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Flora's insights. It's akin to finding a diamond in a coal mine.
I look at the dollar milkshake theory as a gift. Continue to earn dollars and buys PM’s in dollar terms. Silver just hit an all time high in Yen. We are very fortunate within the US.
I first heard of Brent and the DM theory from Peter Schiff of all people😄. Apparently, Brent had lost a bet with Peter some years back on the FED's next move. I remember thinking "that guy Brent must be really clueless, of course the dollar colapse is imminent and gold is gonna go to the moon tomorrow (for those who don't know, this has been Peter's thing since forever). Well... time went by and the dollar didn't tank and gold didn't go the moon and I thought "humm... maybe I should listen to what that other guy was saying a little more🤔 maybe he's not that clueless afterall😁
They bet each other a gold coin a few consecutive years based on which did better that year, gold or the dollar.
I believe Brent was up 2-1 since the last time the bet was officially placed.
The family just left on a road trip. Time to binge listen to the Milkshakes Pod. The kids will have to wear their headphones unless they want to listen along 😂
Enjoy, and have fun at Walley World.
Yes when you print tons of money and they use it for things that have absolutely no benefits for the citizens the money represents. They lose confidence in the currency 😢
The scariest thing you can hear is hi we are from the government and we are here to help you!
I don't even think they try to pretend anymore about helping. 😆
48:39 Its easy to make an argument that they want to cut but that they're very aware that 10-30year yields might not drop significantly, increasing the current inversion even further and breaking the banking/financial system for good. Timing...
Thank you 🙏🏻 from Philadelphia!!
In Howie We Trust.
Thank you Gentlemen. Thinking.
That economic advisor might be deliberately keeping the word ‘bank’ out of the answer
Very smart . Thanks much.
Great content this week. I also really enjoyed Brent's latest interview on Macro Voices.
The dollar is propped up by the BOJ massive yen printing on order of the us.
So, you've been long the dollar then, right? Right?
@@MilkshakesPod Absolutely 1/3 of my portfolio :)
Answer the question, are you long the dollar ? Only fools make a statement without explaining why.
@@MilkshakesPod Yup. One third of my portfolio
@@MilkshakesPod yen is just more crap, than dollar, so ofc dollar is better than yen. But dollar is also a crap.
I kinda have this thought going through my head that, "you can be wrong for a really long time, but still not be wrong" but eventually you have to ask, how long being wrong before you are wrong. We all invest to make money, or at least preserve what we have, so if what we've invested in based on our world views and theories, and we're falling behind, how long do we keep that up before we would or should give up. Peter Schiff is a great example of this. He was wrong for a really long time and many people missed out on huge market moves in the meantime. Sure precious metals are moving now, but for his investors to make up for the decade long missed out opportunities, we'd have to practically double from where we are now to make up for it.
Thank you Brent and Jon from Indonesia
Good one gentleman
The best sum up, fly by boys on Earth 🤣
Another great hour spent gardening and tuning in. Never dissapointed, keep em coming!!!
@17min Barter.
absolutely agree.
Brent is a sharp cookie.
@27.30 mark. again. mastermind.
Empathy (the ability to see through another eyes) for ones enemy is a lost art. "Know thyself AND know the enemy and you will never be in peril"-The Art of War
I read or listen to the philosophies of Sun Tzu, and the writing of others similar including Machiavelli, Greene, etc.
I completed my weekly You Tube assugnment.
Of course Powell wants to cut, otherwise they can't keep up servicing the debt.
if they cut no one else will want to hold their debt. no win situation
Unless they just take more of what is yours. #tax
@@JonKutsmeda They can tax the tax base 100% and it wouldn't make a tiny dent, except to expel most of the taxable capital out of the country.
They have to devalue, all countries do. Its Bitcoin Milkshake Theory. Yelling about something that depreciated 99% value against Bitcoin and can only devalue more is a silly premise.
It's not arrogance if you really know more than them😁
I sense that Jared Bernstein behaved the way he did on purpose. Compare it to how he normally speaks. If he actually wanted to raise awareness on the seriousness of the situation, maybe acting like he temporarily lost his mind to get attention might save him from committing treason or service error. After all, he would be acting in the spirit of his president who looses his mind all the time. It’s either that or the incompetence is genuine. The latter option seems too simple based on the position Bernstein has acquired over time.
Governments not doing right by their citizens will make them lose confidence faster than anything else.
I'm being facetious, and also serious, but when has any government done right by their citizens?
The reason why I gravitated to this channel is Brett says things nobody else is saying. For me I tend to gravitate or at least notice and do more homework when some say things totally different from everyone else. Greg Mannarino is another guy I listen to because of this. I start to question things if everyone is on one side by saying what am I missing here!
Thanks for tuning in. It's important to get a variety of opposing views. 👍
Brent helps us being grounded and levelheaded, but I don’t agree with the proposition that anything is possible, at least not to a comparable degree. Not taking a stance, by saying anything’s possible, gets us nowhere. Probabilities matter for a meaningful preparation. The question is, how do we prepare and for what? :)
Unfortunately a good milkshake is 8 dollars now!!!!
I'm Keith, the stylin', profilin', limousine riding, jet flying, kiss-stealing, wheelin' n' dealin', milkshake drinking, son of a gun!
I appreciate all the work you guys do. Thank you.
I hope people understand that markets are just a game and you are giving the instructions how to play the game. Just as Brent says, if everyone believes something has value, then it has value. But in real life, these commodities have no value. We place value on basically a useless yellow shiny rock. In contrast a bag of rice or dozen of eggs has little value compared to the yellow rock? That's insanity. Markets are a game of madness, prepare to go insane.
New shorting rules will make a difference…I hope!
Confidence is 100% on why things work the way they do. Everything is based on confidence. Zimbawe is a good example of why simply resetting currency is not enough. Nothing is being done to reestablish confidence.
Being arrogant and right is good arrogance. Being arrogant and wrong is bad arrogance.
Imagine if the zero hedge debate was like this, they'd agree, that's why instead of 50 they said 30.. LOL.
Thanks 👍🏻🎉
Thank you 🙏 👍
Thanks Sean, for joining us every week.
Thanks as always for sharing your insights on the Dollar and markets in general. Pretty nice timing by the BOJ to start intervention at 160 just before the U.S. released weak ISM, Consumer Confidence and softening jobs data while the Fed also took a dovish step in announcing a slower pace of QT. 140 over the next year doesn't seem unreasonable. If the yen goes to Y200 vs. the dollar and assuming the Chinese yuan and Korean won weaken along with it, how does U.S. manufacturing compete with Asian producers? If the BOJ were to write-off all the JGBs they hold, is this inflationary and cause for further yen weakness or is it already reflected in the yen's value? The money is already spent so no additional demand is created by writing off the bonds. Appreciate your insights.
It takes Brent forever to edit these shows. 😂
Great talk guys. Thank you. 🙏
This guy. 😆😠
Alright so when we getting a real milkshake for a dollar? (@least 12oz)
I'm not sure why so many want to see the demise of the dollar while so many of us earn and save dollars - for retirement many of us....
it may not be perfect, but I'm hoping it holds together for some time
Attempting to control the rate of change seems to be the only real thing that can be done.
Do you have a likely scenario in mind on how things might play out when the dollar is the only one left standing?
New Dark Age or many cycles of Violence among the increasingly stupid and ruthless war victors over the shrunken pie.
No country can stay on a gold standard very long because it severely limits politicians from unchecked spending (like Ukraine)! Central banks wouldn’t let that happen either. They’d send the US military on them.
In the collection of Hunter S Thomson letters from his lifetime, it would suggest the political elite knew franking would eventually work, and those fields would be worth a lot of money. He was trying to publish a story about it but no one would publish it.
Wow! Interesting. Do you have more details or links to share on this?
@JonKutsmeda I believe it was from the book "Fear and Loathing in America: The Brutal Odyssey of an Outlaw Journalist 1968-1976". It was a few years ago when i read it but, He went to an oil conference and got wind of some large land deal for land when there was oil locked up in rocks, no one knew how to extract it at that point but everyone know one day it would be worth a ton of money. He was talking about how there were all these politicians and other powerful people in on the deal. The letters are more about trying to get the story published than what the story is. The book is very interesting all-around.
I just can't believe in unicorns, because you can't hold unicorn farts
Reminds me of the time Ali G interviewed Ralph Nader.
Ralph was one of the only people who picked up on his act and famously quipped about how we haven't yet figured out how to capture cow farts.
I really enjoy listening to you, Brent. It's been a productive counterbalance to some other commentators out there over the past few years.
With that being said, can you and John spend less time talking about the broad manner in which you've been accurate? The first ten minutes of this video is a good example.
Focus more time on what you see in financial markets, and the economy. I'm interested in your thoughts and opinions on jobs numbers, real estate factors, bank reserves, Federal Reserve topics, etc.
Gold may not be the way to go this time. It was though for thousands of years. 🤔
The US dollar of podcasts!
I remember the Yen 800/1.
great podcast, Brent and Jon could you get Luke Gromen and/or Lyn Alden on - not so much a debate but the nuances and timing differences on the milkshake theory...? by the way, your comment about msnbc had me LOL..does anyone actually watch these legacy channels (except while waiting in the boarding lane at an airport or flipping through channels in a hotel room )?
And the value of internet/ bitcoin with no electricity?
Hahaaaaaa charade you are!
Come for the chat, stay for the outro. 👏
Always fascinating listening. Thank you, Gentlemen. My question, slightly off topic, if China, a vital part of the physical global economy, constantly feels restrained by dollar needs, could you see the Renminbi freely float on international markets ? Wouldn't that strengthen their standing and directly challenge dollar and US power ?
I never understood how a weak Japanese yen hurt China's exports by making them more expensive. Thank you. I thought it was some how related to Chinese real estate going bankrupt. ❤❤❤❤
There is a research piece in the works currently on the latter. 👍
The US $ is based on tritium and plutonium, metals more valuable than silver and gold.
Given up? Not yet....but the trend is moving away from trusting their debt...and the resulting loss of purchasing power.
Data says otherwise, but I get the narrative is more appealing.
This Bible verse came to mind when Brent said he doesn’t like maxis
Ecclesiastes 11:2-4 NLT
But divide your investments among many places,
for you do not know what risks might lie ahead.
I'm more and more convinced that Brent built his milkshake idea on the Confidence Model created by Martin Armstrong. Almost like listening, Martin ten years ago predicting high dollar, high gold , high stocks, etc. Of course, there is nothing wrong with it, but I seriously would like to know if Brent ever attempts Martin's conference???
Thanks for the great show! Can you please explain the drama between Brent and Luke Groman
It seems like the disagreement is about timing. THANKS😊
I hope to ask if you can help us understand what will happen after June 9 2024 when the 50-years PetroDollar Agreement expires between Saudi Arabia and the US? Is the mighty powerful USD currency a concern when Saudi Arabia decides not to renew the PetroDollar agreement? Can US still print money as usual from their 50-years of printing money? Thank you.
One area about the DMT that (imo) needs a little more explanation is the bit about how the US military backs the dollar. If the military was called into action, how does that support the dollar?
Military action is expensive, and would likely feed into more inflation. Higher inflation could spark a dollar flight in the capital markets, and thereby cause the dollar to fall.
HOPE BRENT SEES THE COMMENTS.
Japan imports most of its energy but the Japanese don’t live an energy intensive lifestyle. They live in a shoebox, ride the train and eat soy. If the Japanese lived an American lifestyle the weak yen would be too painful.
❤🎉❤🎉❤🎉❤🎉
Cheers Jimmy!
Thanks Jimmy, for the love here and on Twitter.
Based on history, we won't switch to gold or bitcoin, but both will be repriced favorably.
Brent would you tell us your feelings on the banking system thanks
A metaphorical way to explain the need to address the consequences of US dollar dominance, is that when it comes to global economics, it’s the 300 lb gorilla in the room.
You can smoke cigarettes and eat sardines and they last long
Oh that’s why it’s only worth a couple cents since the federal reserve was created in 1913…. “ confidence.” GMAB
Confidence in a currency can be rhetorically low while operationally high, meaning you know your money will be accepted tomorrow like it is today and plan accordingly. I do that and have never been mistaken. I'm bothered by recent inflation and waiting for it to subside isn't fun.
I'm not much interested in what the world gives up on. People tend to adopt theories to cope with anxiety. Don't expect this loss of confidence to have practical consequences.
BJ. Who is the “we”? You have a staff of researchers working on the matter?
Ive been waiting! WOOOOOHOOOOOOO!!!
The time is now! :)
Victory lap with DXY at 105 🤔
"right"? "right"? "right"? What is wrong with people who have to ask "right"? at the end of every sentence?
I know, right?
Jared Bernstein, the chair of the council of economic advisors for the Biden administration, is a sociologist, so it's not that surprising that he isn't familiar with basic economic theory. The amazing thing is that he is doing interviews. The old joke was: It's better to be quiet and be thought a fool than to open your mouth and remove all doubt. In any event, Brent must be right if the dollar can hold up to this kind of abuse...
A dollar pullback will put Bitcoin & Gold over the moon. The milkshake theory really flows up to Bitcoin & Gold. Might as well call it Bitcoin Milkshake theory.
Bitcoin will drink the Dollar's milkshake
The reason why MMT won't work for long in real life is because it's a mechanism that does not take into consideration human nature (motivation, productivity, sense of entitlement, vote-buying, etc.).
2000 years ago, in Asia, a script was written about governance. In regard to economy, it said : In order to understand economy, one has to understand humans.
In this episode of Unsolved Mysteries...
Channel should be a 100x bigger.
Feedback: Warning! This channel is dangerous ;) Once you start listening to them, it becomes such an addiction.
We are working on a 3-step program...
In the NCAA tournament of YT econ channels, this channel and Maneco64 are the championship game.
👍👍👍☕☕☕
Brent, you have two possible scenarios where DMT won’t happen and you “aren’t going to tell us.” We won’t let you forget this!
Revelation 17
never in a million fucking years will usd go back there. if it does. man thats a global shit show? im grasping
Cathy Wood is not “managing” that ETF, she’s mismanaging it… she just has alternating results like any degenerate gambler😂
😎
36:26