Former Advisor to President Reagan and Professor of Economics, Steve Hanke Talks on the U.S. Economy
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- Опубликовано: 19 апр 2024
- U.S. Economy is crumbling! Steve Hanke, Professor of Applied Economics at Johns Hopkins and Former Economic Advisor to President Ronald Reagan talks about the state of the U.S. economy and monetary system.
#useconomy #usrecession #housingmarketnews
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“It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.” Thomas Sowell
RUclips sucks
NONSENSE - it is the corrupt PRIVATE sector that never pays the price of being wrong - they make the public sector pay for that, with the help of corrupt politicians.
@@dionpeek4339 Sowell sucks as well.
Ye let's put bin men and McDonald's workers in government instead 😂
@@rua999rua999So your solution to the issue is to move from one extreme to the next? So the answer is taking a big problem and making it bigger?
Our Congress is a 🤡 show. We definitely need term limits.
No, you need to get rid of the congress circus.
Our congress is mostly BOUGHT by the rich
Totally true. We don't need Congress with today's technology. Why keep these parasitic clowns?
term limits are 100% corporate overlord approved,tell the lazy voters to pay attention to all the theft right in front of their faces
Bought and paid fot
44:25 cmon guys. These people will not change course. They are insane and must be thrown out of office.
If not insane and incompetent, then they're evil and dangerous. Gotta go either way.
Absolutely!
Lmao the corporations turn to their paid representatives to get their bailout our government is the private sector that's the problem. We need government to do their job break the monopolies bring back consumer and worker rights. Open lines of credit for manufacturing and stop giving it to cannibalized corporations funneling it to their board. Make stock buy backs illegal.
Who do you replace it with? Democrats and republicans are part of the same system.
The Debt has accumulated over several Administrations.
Simply changing Personalities appears to have little effect?
The Policy is dictated by Wall Street Investors.
The evidence indicates both Parties indulge
in corruption.
YES, yes and yes!!! I told my family that the over printing of money will come back to haunt us all! No one really listened to me. I felt it was very unfair that a lot of people were paid to stay home while I was working hard and then working hard while I was pregnant in 2022. I still see people not wanting to work anymore. What a disaster!
Come back? It is already back now because of the massive PPP. That $1400 dollars was nothing compared to the 100’s of billions wasted that all went to the 1% as they lined their pockets cheating. Now you have the BRICS and others realizing that if they send even a minimal amount of dollars back to the US by not using the petrodollar, this will immediately put the US inflation over the top and cause a civil war against the government. Note that the government is trying really hard to divide the US citizens among themselves so they don’t realize who the real enemy is…. look up.
Seeing is believing 🤓 🖕
You're not alone .
Many of us are frustrated .
Can't even get family members to listen to discussion .
People are too blind , blinded by many distractions , which was intended for them to NOT STUDY THE SITUATION , And ONGOING ECONOMIC PATTERN .
Japan was doing a lot of economic magical tricks ,
Since 90's. ,
And it take them 30 yrs to really feel the heat .
But didn't we do that in 2008-2010 with bailing out the corporations and banks? While common everyday workers lost their homes, the banks and the corporations got bailed out. The government should've bailed out the workers who could then pay their mortgages and so the banks would get their money and everyone would be happy. The government learned from 2008 but they overdid it.
Yes. I was working as well being paid crap while millions were being paid bank for doing nothing.
I didnt get paid to stay at home. My small business was ruined. Today I make half of my income prior to Covid.
small businesses were the target
Yep.
No one can stop our destiny. The dollar will lose World Reserve Status. There's no go backwards.
It's inevitable... Everyone's going to act shocked when it happens. The consequences will be huge. The gravy train will derail.
Ok..what replaced it? What happens to all the debt other countries owe in US dollars?? You really think that the US will sit idly by??
@@cat143143the entire world will collapse before the dollar ..they can't easily dump the dollar ..they all owe enormous debt in it ..they didn't loan us their money..they bought our debt
@@b1burck Nothing US can do when dollar is abandoned for other currency, such as Yuan. US should not have blatantly used the dollar as a weapon thinking countries have no other choice.
@@rhondab9792 the dollar has been weaponized for decades ..I guess you haven't been aware of our foreign policies in until Ukraine?? What do you think Gaddafi was all about ..how bout Saddam?? Korean and Vietnam wars?? Desert Shield??
Counterfeiting is immoral. Very clear. Ron Paul has been warning about this for decades. Thanks for the interview!
@Michael
Exactly. If we as citizens are forbidden from counterfeiting the currency, for obvious reasons, how can the government be allowed to counterfeit the currency.
@all -
“Give me control over a nations money, and I care not who makes its laws”
- -
Thomas Rothschild
So much for counter arguments to counterfeiting
YES HE HAS,AND EVERYBODY LAUGHED AT HIM.and now its,but,but,but,BUT WHAT !
Rand Paul is a joke.He is a problem.
Love to see ron paul interviewed.
Retail business are closed and homeless are all over. On top, crimes rate are getter. We are already in depression.
And millions of undocumented (many criminals) flooding into our country. Destroying cities. This is pure insanity. Billions in handouts. Endless wars.This is a decent into a nightmare!
Agreed
Yep but until the corporate networks declare that the people are in the dark. All on purpose.
In couple of years US won’t have budget to fund the police. Think what will happen. I believe US need to support small family owned business and shops. Big Corporates are only giving us inflation and creating unhealthy lifestyle.
Government could use some of that vacant retail space for emergency homeless shelters.
Former Fed Chair Ben Bernanke reportedly refused to hire anyone who did not have a Ph.D. in economics, which partly explains why the Fed gets so much wrong. These people are experts in the theory they were taught in graduate school (e.g., Keynesian, Chicago, Austrian, Marxist), but none of these conflicting economic theories explains how economies actually work in the real world. I would hate to fly in an airplane designed by an engineer who was educated like an economist.
FA Hayek was corrrect. The Road to Serfdom is a great book.
Milton Friedman was great at teaching it.
ruclips.net/video/15idnfuyqXs/видео.htmlsi=v9wV1Ph2gncsZo6f
ruclips.net/video/UNYBIcrBQWY/видео.htmlsi=b32fPORyPX3LCxvA
Hayek studied under ludwig von mises
Thomas Sowell studied under some of them and speaks about the Dodd/Frank Wall Street reform act and how it would lead to the next problem that we are dealing with right now
ruclips.net/video/cdBn7MUM3Yo/видео.htmlsi=ucWfFg6GR38i62tk
This is BY FAR the stupidest thing people say. The Fed (and those PhDs) have access to AI technology and data you and I do not. What they know and what they do are deliberate. The fact that you don't understand doesn't matter. You don't matter.
@@jvz28az I enjoyed reading “The Road to Serfdom.” Many people who cite that book as supporting their anti-government agenda clearly haven’t read the book carefully.
Decades ago, I heard Milton Friedman opine that price tells us everything we need to know about a product. At that time, I thought about the price sticker of a new car on a dealer’s lot and realized that price doesn’t tell us whether the car is a lemon. Economics professors can be very entertaining in the classroom and on TV, but we shouldn’t assume that everything they say is correct.
Amen
@@lawyer1165 The free market is the best way to price discovery.
Hundreds of economists and not one who thinks the supply of money affects prices? Must be by design.
I believe it’s because it’s easier to look the other way and just print money.
The G-7 appears to notice the departure of their former Colonies.
The movement to the shelter of the BRICS Wall appears to indicate,
the New Development Bank seems to have won them over?
Without the Resources that arrived at US Commodity Brokers Docks,
the inflation began to grow.
Without the support that Colonies provide,
all great Colonial Empires appear to fade out.
@@jonathanandrew2909 Fiat Currency is supposed to be backed by Treasury selling their Notes.
The FED is not allowed to issue Currency that Treasury is unable to support.
So Regional Banks who need funds appear to become the victims of Bank Runs.
Without Cash the USA crumbles.
Although I do not live in the US Professor Steve Hanke is always good to listen to. Very knowledgeable and has a good sence of humor. The interviewer also has lot of experience and asks good questions the result is a very good interview👍👍👍
Mr Hanke is one of my all time favorite economists. I trust his opinions.
yes for years love Hanke spot on
That's Professor Hanke. Howdy Ho!
High mortgage rates already have a significant impact on various sectors of the economy, including housing and consumer spending. It's something we need to keep a close eye on when managing our portfolios.
Good point.. the market has been crazy lately, a few surprises here and there.. with all the global happenings taking place I think it’s safe to say that a severe global recession is looming..
Oh yeah! You can definitely say that, it does worry me a bit, but not as much as it would worry the average guy, my investment portfolio has survived a couple of recessions unscathed
Been privileged to be guided under the stewardship of an extremely gifted investment manager by the name Eric Paul Elmer
Oh sure??
Sure.. Eric Paul Elmer has a really unique gift of being able to looking far ahead down the road to spot future investment portholes and possible major mishaps, so he helps me make the safest investments and also helps me hedge all my investments against possible future downturns
Working 100 hours per week struggling to get by. It's over.
That may be an education problem or the lack of it rather. Just guessing.
@@lcsillik If you really think an education solves the inflation problem I can spare you some brain cells.
Don't give up dude. Keep going, figure out a moment to take your experience to either another place with better pay, or build upon your experience now to grow later. Stay strong, keep believing.
God bless you bro sorry its so tough,God bless
@@lcsillikfound the government employee
You are not even discussing the widespread racketeering in the country - namely in real estate - and don’t think for one minute that local governments are not involved.
Its called money printing.......all bannana republics do it
Found out the meat packers are using a racketeering scheme in the beef business. They are deliberately running cattleman out of business. Too much to go into other than they are boycotting one cattle rancher after the other and raising prices by claiming there is a shortage.
Todd I’m disappointed you did not allow him to elaborate on the student loan scam or the fifth largest bank. You told him you did not want to go down this road.
While you may not have a greed with that statement, it would’ve been nice to have his pov
What time stamp was this? I skimmed through couldn’t find jt
@@pqtpat773439 mins
Todd starts talking about it at 24:15
Hanke’s answer starts at about 37:15
39:20 Hanke calls it a scam
It's concerning,
The future of our country and who our leaders are and how they understand economics.
Watching into this video I heard the words "they didn't predict inflation"
I'm not an economist
In fact I'm an artist I'm a teacher I do tech support. I'm just a regular person but when the government started throwing money at everyone and said here have free money that's more than you'll make it a real job I was concerned
My first question was who's going to pay for it?
My concern for this is that the leaders the powers that be didn't predict that there would be detrimental consequences to such actions. And they are economists..... Hmmmm
Thank you for such an informative video.
Reduce the wealth at the top, not the middle and below.
Fantastic show today. Very informative.
Having taught economics and statistics in college in the 80’s I agree money supply is critical to understanding the economy. Tax rates.. interest rates.. deposit requirements etc all have effects on money supply to exponential degrees.
The asset bubble has been huge and like all bubbles will burst. The national debt interest will consume 50% of the federal budget shortly.. absolutely insane and criminal political mismanagement in my view.
During the pandemic it should’ve been business as usual and no one should’ve stayed home
Watch out regarding mid-west farmland. It's valuable so long as it can grow crops. Growing crops requires water and the Ogallala aquifer is that source. It's the accumulation from the last two glacial periods. It was first tapped about 120 years ago. Over the last 50 years wells have had to be sunk increasingly deeper and now many geologists think it's nearing the end. Nothing lasts forever. (From the late Mark Reisner's book "Cadillac Desert"..)
This is a very great and insightful discussion of some of the main realities of why we are dealing with such outrageous spikes in inflation currently! 👏 👏 Hopefully people will really listen and learn from this!
Todd, your guests keep blowing my mind. Excellent deep dive.
Ramsey is wrong. RE crashed big time in the last 1980's and early 1990's. I purchased my house in Simi Valley, Ca for $189,000 and it crashed to approx. $115,000.
Student loans are extremely predatory
Never use to be, so what happened?
@@ace9840 mine are through Nelnet which is federal. You cannot pay principal only online & they never answer the phone to accept principal only.
My payment is $217 and interest is $150 a month lol
NONSENSE, most took the money,some bought cars,most bought weed,cocaine other drugs,spring break every spring, we're you think there getting the money from,very little of it actually spent on education, most had a good time on the tax payers, I worked three jobs,and went in the army,they had repayment program,as most people my age 65,this is how we repaid it,MY MAN,YOU BORROWED IT,PAY THE DAM MONEY BACK,DO YOU THINK SOMEONE MAKING HALF WHAT YOU DO,IS GOING TO PAY IT FOR YOU ?,NOT ONLY DID I WORK THREE JOBS FOR 45YRS,I SLEPT ON A OLD COACH AT MY JOB FOR FIFTEEN YRS,THATS HOW YOU GET AHEAD,SUCK IT UP BUDDY
@@ace9840for profit institutions
@@ace9840 companies found it cheaper to hire foreigners that had their education paid for by their native government. So in turn, by the US not prioritizing education, it made the US worker doubly unemployable (some are less educated because of the unaffordable personal cost and others demand a higher wage because of the added personal cost). Other countries invest in education no questions asked. USA looks at education as a political issue. That's what happened.
I’m not sure gold will save you if there is an economic collapse. Lots of food and clean water and some fuel would be a better “ hedge”. Oh and the “ means” to defend it and a “ place” to defend it in.
You need gold and all of the above!
@@vivb.7161Be sure to bury it somewhere “safe.” Because if you look like you’ve got something valuable, you’ll have a target on your back. Good luck shopping.
The Bible says they will throw their gold and silver in the streets Ezekiel 7:19
When the US default on the national debt, gold goes down.
By the time Gold is a necessity, i think gun powder and lead will be worth far more.
As a case study, it has been interesting for us being recent residents of Colombia since 2018. When we first arrived 1st. mortgage rates were at a minimum of 10% p.a. Now they're a tad higher, but the point is that there has been no extreme fluctuation in property values as a result. Unlike economies like the US or New Zealand where we originally come from, where booms and busts in real estate are common - with largely destructive results. Here property values are simply affected by supply and demand, such as demand from economic refugees immigrating from the US and Canada at present.
Artificial manipulation of interest rates and in particular, the money supply through counterfeit printing, have caused so much economic destruction. Even NZ hasn't been immune.
The sooner economies take a leaf out of the BRICS countries' progress, and revert back to a Gold Standard, the better - otherwise the acceleration of the decline of the USD as the World Reserve Currency will continue apace - and deservedly so.
The end result of these lunatic monetary policies will inevitably lead to financial catastrophe.
my landlord raised my rent on my manufactured home from $600 per month to $1,600 in a matter of months because i signed a month to month lease…I paid them a $4,200 check(because i was behind do to having a major surgery and out of work for 5 months but long term disability don’t kick in until 6 months & 1 day)and they filed a eviction the next day because i told them i wasn’t paying the new rate hike…they agreed to cancel the eviction if i move out in 3 days…so I moved out!!!…I was there 6 years and we never had issues up until that point…they place need a lot of work & their vacancy rate is now 99.9% on that place!😁😁😁…they should’ve worked with me and let me fix it up like i started!!…and i still paid the rent,paid for materials out my own pocket!
What assholes.
I am a landlord. Your landlord should maintain your property adequately. You should never pay for improvements to the property with your own money. Anything that you put in that's a permanent fixture becomes the property of the landlord. Only buy things that you can take with you that are not permanently attached to the property.
Sorry to hear that. Sounds like crooks!
This is a must watch, thank you for sharing
Great guests. Happily, surprised to find a Realty expert following other hard assets like PMs.
Great guest Steve Hanke. Very informed, A++ guest. Thank you .
Very Good Video Guys !!! Always remember that Empires RISE & Empires FALL !!! and the USA is really no exception at this point.
Thanks Steve Hanke and Todd. 👍 Great conversation as always
I like this guest am enjoying this interview
He is very well informed and knows economic history that a lot of these so called experts do not cover or are not aware of
Please bring on more guests like him
Thanks for this upload
Nice to hear an intelligent conversation.
but how would the student go to school if they dont have a loan?
@@PaulEbai If there were no student loans backed by govt, the price would drop 75%.
Great video. I learned a lot.
Imagine if we had a congress and president that was Ron Paul like minded???? What an amazing life/society we could have
Impossível! Os presidentes não mandam nada. Eles obedecem a um pequeno grupo de ultra milionários.
Todos eles são vendidos.
No one man can change the trajectory that America is on. I do like Ron Paul but there’s a reason why he chose not to run.
I wasn't aware that there is a 48 to 1 ratio of Democrats to Republicans working at the Fed.
Great interview with a very clever man
What did you expect?
@@marioarguello6989
Maybe 70/30 ?
Pertinent issues were well tackled on a down-to-earth level. Thanks alot.
Hanke is so Right As always Since I started following him 3 years ago
If you have paid for an education, you should be smart enough to know how to pay it off.
Steve Hanke understands as good or better than anyone I know. Thanks so much for having him on as a guest.
Thanks for this great interview with Professor Hanke!!!
Property taxes, homeowner insurance, and HOA are going to become big problems if/when the economy slows down.
The incompetence and corruption that runs through this administration is ridiculous. I feel for the disabled not getting the help they deserved. People who are not in the market right now are missing lots of opportunities, imagine investing $2000 and receiving $7,300 in 4days.
Diversifying income sources beyond our regular business activities often yields positive outcomes, especially considering the current economic challenges.
I think to combat the negative effect of inflation, it's a good idea to diversify your portfolio across different asset classes, such as stocks, bonds, cryptos and real estate, since this can help protect your portfolio against inflation.
I've heard testimonies of people accruing huge return during recessions.
I would really love to know how much work you did put in to get to this stage. What’s the strategy?
65% of Americans report they have no disposable income for a few years.
How are they supposed to enjoy the fruits of Investing?
Consumer debt is over $#17 trillion.
I work with Dora Hobbs.
Got her info on ABC News in December 2022 and started following her lead and it’s favoring me. Lost my job in April 2022 and right now I'm back on top again as I always win with her strategy.
Excellent Thanks Todd and Steve#
Great interview!
Thank you. I appreciate this discussion.
Sachs realty has become my favorite econ channel. You guys rock
Todd is on 🔥🔥🔥🔥🎉💪🙏
No lies were told 😊
💯
Excellent interview, learned a lot of economic history and trends.
Professor Hanke keeps talking about how government executives often times aren’t punished for making bad decisions. True enough. But he ignores what happens in the private sector. How many times are top executives paid a bonus even when the public company he or she runs loses money for the year? How many times will senior management be paid a retention bonus after their public company goes into Chapter 11 bankruptcy? How many times will a fired head coach obtain another job as head coach? And as Paul Krugman has written several times, economists are never punished for being wrong.
Wonderful interview, great guest!
I love the fact that you guys are sincere about the real economic facts.
VERY SMART GUY AND loads of wisdom
Thanks Todd. Steve Hanke the bomb. So are you!
With great power comes great responsibility. Alas not in the USA.
The government keeps spending. Sadly most people complain about the defense budget, but don’t realize the interest payments are now more than the defense budget. We need financial education in this country
Many of us who have left America have been criticised for quitting on and not truly loving the country. This couldn’t be further from the truth, especially for those of us who are military veterans. We are just divorced from what the country has become, but the love is still there.
Gawd bless Murica 🤓 🖕
Best interview yet! Thanks so informative
Very informative
Absolutely Super. You two must speak regularly. Important
Great episode. Always love to listen to Steve. Many favorite parts, the idea of how it is all tied to the money supply is fasinating. Anyone with a bit of knowledge should have seen the inflation coming. I am curious about how inflation goes down, if congress keeps spending? Something has to break first.
The Fed doesn't care about the Quantity Theory of Money? I guess that's what happens when you have a Fed chairman who is not actually an economist.
When all the policy makers are lawyers, what court can we use to dethrone them?
Thanks for having Steve on. I always enjoy what he was to say.
People quickly forget about the PPP loans that were forgiven. Why are these different from student loan forgiveness?
Unfortunately because the ppps had the word “emergency” attached and there was a lot of fraud attached to pass giant omnibus bill packages in congress. With student loans the current POTUS thinks he can control the purse with executive orders and it is completely unconstitutional. Likely he found a way to include it in a more recent bill that also is so massive it will never be audited. We are being robbed and it’s a massive wealth transfer most people have no idea what’s going on (even our representatives approving it all).
The lobbyists representing students don't have the "robust" conversations that those representing so-called small businesses do.
He is right. My property tax is through the roof and my auto insurance crippled with no accidents or tickets credit cards interest is like a loan shark. Rent is unaffordable
Coffee with Todd, hell yeah.
Todd, you keep asking the same question if they're incompetent or doing it on purpose. I appreciate your tenacity with these guests that you ask, but you'll never get a straight answer.
Of course it is on purpose, his question must be rhetorical.
Steve is one of my favorite people. He always provides a concise and thoughtful message which is backed up with historical facts.
Great conversation, you’ve had great economists on your program, as far as Mr Hanke, I believe and agree with every point he made.
We have no money!
Gold and Silver is real money
“Confiscatory property tax” means no property rights
Exactly.. Needs to be abolished nationwide.
So much WISDOM.❤❤❤ Thanks ❤❤
When Prof. Hanke spoke of the countries losing its reserve currency status in the past it wasn't a big deal, it was all still gold and silver! A Spanish pieces of 8 is silver just like a pound sterling is!...now if you hold the "reserve currency" when it fails, well, you've got a bunch of worthless paper...😁
True. It was pegged to the paper, but the US notes are not. It is backed by the war machine and the C1As regime change to any country who dares to leave the dollar or petrodollar for that matter (e.g. see Middle East wars and the real reason).
Although I’ve made a few mistakes along the way listening tonight, really drove home how many things I’ve done right I don’t own a massive amount of rental property, but I own enough to support me. I have a nice amount of silver and a little bit of gold and I’ve got other money invested in other places that I think are going to be OK thanks I really really enjoyed this. Oh I I took micro macro and Eck of consumption more than 30 years ago in college and boy am I glad it’s guided me well.
Todd loves Baltimore like all of us down here in Florida love "back home." We say nice things and stay the hell out of there.
The only people who died were the ones who died from being on a ventilator
And because big pharma controls the government, they forced all doctors to ban hcq and ivermectin which could have saved lives with early use because both are antivirals and the entire medial community knew this for years. How is this suppression of a critical drug even possible? The lies are obvious. This is PROFIT OVER HUMAN LIFE. And, the law industrial complex is the one to focus on because they are the ones that enable all other complexes including pharma and military. You can see the lawfare going on right now as they have been using the entire government to destroy one man for 8 years. Why would you expend so much energy to destroy one man unless they are hiding the massive DC money laundering scheme hence why they need to tax us to death.
and put on r3mdesivir, which had the highest m0rtality rate of 4 drugs used during the 2014 ebola study at over 51%
They had people in car crashes dying from Covid
The drug problem in Baltimore is so bad, not even the bridge can get high…
Increase property tax, decrease the property value. Then black rock buy it cheap!
Please get Catherine Austin Fitts on your show
She pointed out the trillions that were unaccounted and it probably went to the C1A slush fund for regime change purposed.
I was always curious about this: Discontinuance of M3
On March 23, 2006, the Board of Governors of the Federal Reserve System will cease publication of the M3 monetary aggregate. The Board will also cease publishing the following components: large-denomination time deposits, repurchase agreements (RPs), and Eurodollars. The Board will continue to publish institutional money market mutual funds as a memorandum item in this release.
Measures of large-denomination time deposits will continue to be published by the Board in the Flow of Funds Accounts (Z.1 release) on a quarterly basis and in the H.8 release on a weekly basis (for commercial banks).
M3 does not appear to convey any additional information about economic activity that is not already embodied in M2 and has not played a role in the monetary policy process for many years. Consequently, the Board judged that the costs of collecting the underlying data and publishing M3 outweigh the benefits.
Keep up the videos your content is quickly growing as the best!!!
A monitorist is a little less crazy kanesian. They both believe fiat can be used with out inflation taking over. Kanesians believe supply of money fixes all problems. Monitorist believes the management of money is the answer. Up or down. They both believe the federal reserve is an honest entity. Makes them both crazy.
While you are correct, everyone blames the fed. The truth is that it is the politicians who create inflation.
Amen. Free market capitalism and Central Banks are incompatible since the Central bank price fixes the most important price of them all- the price of money.
Monetarist. Keynesian.
Agreed, in the end,there brain washed like the rest
my taxes in Nebraska are 2.80 percent its insane, almost 10k a year now for a 320k home. prop taxes have tripled in a couple years and homeowners insurance has more then doubled from 1200 to 3000 a year. not even including utilities.
im also in the most blue part of nebraska, they think they are california.
It’s happening all over. I am in Ohio. All part of their plan sadly.
@@GenXamerica Exactly.
Todd please try and get Martin Armstrong on your show. He understands capital flows globally and how that will affect our stock, bond, currency and therefore real estate market.
Yes!!! Martin Armstrong is brilliant and straight up. I second this.
Yessssss!
Armstrong is a fraud…his “model” is a fraud
My favorite guest ! I
Great stream Todd. Thank you!
Hi Todd I watched couple of your alarming clips. I was alert since last 15 years. I took early out from a Well Paying job to establish myself and my family destroyed my dreams by putting hurdles on my path. Here I am at 78 No Money, little money left N living on it by turning it around to survive with meager SS income of 15K/year. Thanks Mr Bush Jr. What can be done? I am working on it. I would Love to talk to you N share my ideas how to survive in this worst economic meltdown.
Todd you are multi talented and do an excellent podcast.
Great show and insights😊
When he said Milton Friedman vs Kaynes I was convinced he knew what he was talking about.
The fed did not cause the inflation; the overspending by one political party and the move to do away with drilling domestically caused the inflation.
You left out he was and advisor to the president of Argentina in the 90’ lol😂,if this guy says we are in trouble we are in trouble
Love this guy!
Terrific explanations! Very much appreciated!
Is professor Henke aware of the book The Great Taking by David Rogers Webb?
Mortgage under Trump $560 pm same mortgage under Biden $4,000 pm
Blame Ukraine. Deficit spending Means inflation
Milton Friedman AND Thomas Sowell 😊
Professor has all the accomplishments he has over the years, but I like to highlight that if, and if the country today is in a dangerous situation of economical collapse soon, that basically means his works are all disarrayed and only struts and frets upon all those highest institutions that in the end signifying nothing.... Isn't it ashamed that he is in this shit hole country..
Professor should have a serious thought of migrating to a country that value his advices, theories, and policies... All the best to him. God bless
❤❤❤❤❤❤
Thanks! Another great video.