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Funny how multiple Billionaires are coming after Social Security? Not a word about Billions for wars. Geez starting to think Covid was developed to wipe out seniors .

AI will save us with insane productivity increases. Or, civilisation will collapse.

How about cut welfare entitlements, there’s more fraud and bloat there. Stop picking on seniors.

Great point, the younger generation is focused on climate change which is many years ahead, and doesn't seem to see the coming disaster in entitlements which is sooner and more quantifiable.

27:00. "I wait for fat pitches, then I play really big". Brilliant.

The billionaire is mad that people in need get money that isnt even enough to get by. What a disgusting pig this man is.

Shorting the dollar would have been the best play 🤣🤣🤣

🙏

What a wonderful discussion! I just loved Stan's analysis and reasoning behind it. 55 financially retired and run my aluminum manufacturing company for the enjoyment. But, I see a hard landing with an elongated grinding recession as bad as 2008.

😱🇺🇲✌️🙏🙏🙏🙏🙏🙏🙏🙏🤞

Why is there unlimited welfare? Incentives for not working and having children out of wedlock?

Look at Warren buffet. He amassed 100 billion in wealth with zero taxation. How is that for a loophole?

Investment is your only way up to financial freedom. financial growth happens with a steady engagement in financial stability through solid investment. those who leave it to market dynamics to determine when to trade or not are either new to the Market or are probably just naïve. The market has seen far worse times than this, enlightened traders are taking advantage of the dip and pumping even more towards trading sessions <I stopped panicking about my BTC the very moment I started working with Mr K last year, his confidence and skills is on a maximum level..

So hes saying its a PONZI in that it REQUIRES new cash influx to pay for the SENIORS ..we know they cant ignore a big PILE OF CA$H..😅 & have raided every stash they can find & some that dont exist yet .

1) SD keeps talking percent of taxes percent of taxes. When taxes are themselves a fraction of government EXPENDITURES. So all his numbers need to be discounted by that fraction. 2)All this scary debt is nothing more than a few bits in the accounting column between the Fed and the government. Double the national debt means shift the bits in that account by one bit left. Who cares? Both are in the pocket each of the other; neither is ever going to call the debt in as if it were a loan: EVER. And the only metrics of distress in the system are a) hyperventilating old folks like SD (well, and me too) who think a number in the Fed accounting computer makes some difference to the world --which it doesn’t, and b) if the burn rate of the printed money gets out of hand so that inflation creeps up. That happened just now in Covid but it doesn’t ever have to happen if the spenders are getting real value for money rather than just bubbling the assets up. So go Fed Go, and spend it on infrastructure and poor people who will put it into the economy, but not so fast it spikes inflation. That’s it; that’s what’s been going on, lo, these many decades, that’s not doomsday. The whole point is that money is a fiction, a social convention that serves primarily the government (as a currency for tax revenue and government purchasing); it doesn’t have some magical independent reality which hyperventilating “responsible investors” believe is there. If the money-printing drip rate is less than the price-raising leverage of sellers, then it can go forever. Of course I could be wrong but this is the only explanation that makes sense to me.

The stupidest thing that Congress does is to adjust social security payments to compensate for inflation and of course this just causes more inflation

Mr 5050

His track record is otherworldly between 1981 - 2011, an annualized return of 30% ! But recently, some of his moves weren't so great. Coupang, had you purchased with him (same date and entry price), you'd sit on a big loss. Amazon to be the first company that may reach 5 trillion US$ market cap, did not (yet) work out too. Maybe he has lost some of his original swagger ?

TAX THE RICH AND THE CORPORATIONS

What about the percentage of seniors dying?

A good start should be to fire the federal reserve and make your way over to the bankers, and those who fail should be nationalized and sold off. Whatever is remaining distributed back to the depositors, but the stock holders should get nothing. We have socialism for elites and capitalism for the middle class.

Druckenmiller for president, please get America turned in the correct direction.

SS and Medicare can't be touched because there are 70 million people on SS and they vote. Cutting pensions is political suicide for a senator or congressmen. These people want to stay in Congress, regardless of how bad the arithmetic is.

The fiancing of the entitlement or any other any social program should be done by a sovereign wealth fund in which a society is participating directly from its tax payer money. The Norwegians do have such kind of fund. This is an intelligent way to fund the mentioned problem. But those kind of solutions never find a true platform to be discussed politically. Why though? Cutting one dollar of a senior in order to give a portion to a junior lacks any kind of innovation.

Con artist-“ get rich quick “ con 3 posts below- all those many likes, etc.

Nobody wants to run for president in this economy.theyre going to dump it on a dummy

Funny thing. Stan is holding gold, Latin America currencies and some others he didn't mention. I forgot one of them.

Endless wars have created this dept. We went off the gold standard because of the Vietnam War. Ever since 2001 we have been funding the IMC and look at the dept growth. Covid lock downs were another mistake.

old boy stanley who has a house in Cali but doesnt live there dropped a tear for the little guy, coz his billionaire heart bleeds for the common folk, but his argument makes no sense. there are so many obvious reasons US has a balance of payment problem, like a military budget which is humongous by any standards. Or why US spends more than anybody in the world on healthcare and gets the worst result in the developed world? how come USA has more prisoners per capita than any other country in the world? maybe, just maybe the probem is the corrupt oligarchic class of folks like him, who just by placing bets on the markets could generate billions for themselves, never paying taxes, never producing anything of value, just sucking the wealth out of the economy into offshores, bleeding dry the common purse and then coming down on the working class to squeeze them some more, coz times have changed and other countries have overtaken them and now the pie is getting smaller but fat cats want their share, so you, little citizen have to eat less. thats all hes saying pretty much.

Excellent insightful well done Keynote address. HONEST. Thank you

Right. There is no difference in the two political parties, so why have them at all. It's all corrupt. 😮

He is simply cherry picking and outright dishonest to the public. Military spending makeup 50% of annual spending and he didn’t mentioned a word on cutting spending. Americans pay into SS and that’s pretty the only thing left for the working class to look forward to.

Better get out before 2023

Superb video. But, let me share this here knowing it can uplift someone that comes across it. Effective financial management made me rich and it is all you need if you want to build a strong financial future tomorrow. I started with 1000USD, 3 years ago I invested in a diversified stock market and fast forward to now I am worth 500000USD and am currently finishing my 8 unit apartments. I'm only 35 years old. Diversified stock investments have always proven to be very profitable, especially with the help of experts.

We can just bankrupt on the debt kick out the fed banks and issue our own currency

(A nation) is poor precisely because it has been ruled by a narrow elite that has organized society for their own benefit at the expense of the vast mass of people. Political power has been narrowly concentrated, and has been used to create great wealth for those who possess it.

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless." - Thomas Jefferson

My only question is. If they had not raided the social security funds back under Reagan. Replaced it with IOU's It would be solvent!! I worked for GE. 30 years and get a pension. It's not called an entitlement . Mean while our assholes in congress can retire after one term with a life time of entitlements . System is totally corrupt!

Good but the impacts of abrupt climate chage are not forty years off. We are seeing powerful and inconvenient impact now and we will see continuing strong impacts over the next five years.

PVC brought me here

Please listen carefully to the 31:00 minute mark. The fattest pitch of his life happened after Nasdaq sold off in 2001 and then rallied back. It rallied back, Fed was raising rates, oil was up and the S&P was lagging. He leveraged up on bonds. Very similar to today (with the exception of oil being up).

If only guys like Stan ran for president and people like us voted for him and others like him at all levels of government.

If this guy is talking, I'm listening! Love his humility. What about the Luffer curve by reducing taxes to gain more tax revenue while encouraging growth. It's not always raising taxes in fact that is the law of diminishing returns.

What about the criminality of corporate welfare?? Trillions printed and just given to big corporations & zombie banks.

seems to me the easiest fix (although it opens a pandoras box) is to roll 7 trillion from the fed's balance sheet to social security and medicare. after that you got to get a political backbone to create some laws to ensure (lololol) restraint in the future.

A good investor but you can tell he’s part of the globalist elite when he spews the global warming hoax. CO2 is plant food and has been proven to green the planet especially in dry regions. And all the climate scare models have failed and the CO2 feedback loop is virtually nonexistent. What he wants and talked about is to use the climate hoax as a means to make money on the scams that surround it.

Another rich puppet repeating the climate prayer to gaia

Cut entitlements and taxes by 50%

Ya , sounds good screw the little guy who payed in it his whole life …. Lets talk about cartel or political class that robbed us. !!!

South Korea will have a much worse version of this problem I think, considering demographics.