US government needs to end at least half of its programs and return those responsibilities to the people. It also needs to forget the idea of holding on to the dollar being more important than gold. The dollar is not more important than gold.
I agree with most everything that was discussed here. However, the discussion takes place from the point of view of an american and a lot of supposition is going on. I would urge you to see the dollar from a foreigner's point of view. I'm Brazilian. The US has a 10% deficit at 5% interest (and falling) and a stock of 120% of GDP, Brazil has the same 10% deficit at 11% interest (and climbing) with a 80% debt to GDP and 4,0% inflation. So, relative to the Real, the Dollar still looks mighty safer. What about Russia ? Well, the deficit there is 16,5% of GDP (if you believe that number) and basic interest rates are 19% and inflation is 8,6%. To the average Joe in Russia, the dollar (or crypto, whatever) must look very tempting to own. What about India's Debt to GDP at 82%, 3,6% inflation and 8,6% basic interest rates? Is it any better than the Brazilian situation ? In my view, no it isn't. How about South Africa ? Debt at 75% of GDP, 4,5% inflation, 8% interest rates, 33,5% enemployment and 13% of the population is HIV positive. And China ? 62% debt to GDP, a $9 trillion hidden debt, and 4,5% interest. So I would argue the situation in the US is FAR from ideal and all efforts should be made to reduce the debt. But it still does not compare to the BRICs countries situations. Another perspective is that of what governments in these countries do with regards to keeping foreign currency reserves in US dollar denominated debt. To some that must be an existential decision, not a purely financial one.
I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience.
Two outstanding guests. You earned my sub. Great discussion!
Brilliant Ted Butler could hear an English man keep up the good work, Jay
Detective of Money Politics is following this very informative content cheers from VK3GFS and 73s from Frank from Melbourne Australia
Bankruptcies data and ACTUAL hiring data show recession started beginning of last year. Now both worse than 2010.
Great discussion 👍 ❤
US government needs to end at least half of its programs and return those responsibilities to the people. It also needs to forget the idea of holding on to the dollar being more important than gold. The dollar is not more important than gold.
I agree with most everything that was discussed here. However, the discussion takes place from the point of view of an american and a lot of supposition is going on. I would urge you to see the dollar from a foreigner's point of view. I'm Brazilian. The US has a 10% deficit at 5% interest (and falling) and a stock of 120% of GDP, Brazil has the same 10% deficit at 11% interest (and climbing) with a 80% debt to GDP and 4,0% inflation. So, relative to the Real, the Dollar still looks mighty safer. What about Russia ? Well, the deficit there is 16,5% of GDP (if you believe that number) and basic interest rates are 19% and inflation is 8,6%. To the average Joe in Russia, the dollar (or crypto, whatever) must look very tempting to own. What about India's Debt to GDP at 82%, 3,6% inflation and 8,6% basic interest rates? Is it any better than the Brazilian situation ? In my view, no it isn't. How about South Africa ? Debt at 75% of GDP, 4,5% inflation, 8% interest rates, 33,5% enemployment and 13% of the population is HIV positive. And China ? 62% debt to GDP, a $9 trillion hidden debt, and 4,5% interest. So I would argue the situation in the US is FAR from ideal and all efforts should be made to reduce the debt. But it still does not compare to the BRICs countries situations. Another perspective is that of what governments in these countries do with regards to keeping foreign currency reserves in US dollar denominated debt. To some that must be an existential decision, not a purely financial one.
Naomi Prins been saying g this since 2016
Exactly I've been hearing this forever now
Rate cuts are bearish. Rate cuts at market highs and inverted yealds leed to a market crash within 4 weeks.
Gold investors are and will win, just saying.
Microphone is horrible.
I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience.
nice! once you hit a big milestone, the next comes easier.. How can i reach her, if you don't mind me asking?
look up her name on the web for her website.
I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this..
I doubt these people make any money.
Dooooom!!
Exactly I've been hearing this forever t