No workers do to bad schooling and the CHEMTRAILS DON'T HELP WITH 5-G fellows let alone GMO FOODS AND FLUORIDE IN THE DRINKING WATER !!! AND DON'T FORGET THE JAB !!!
Market declines, soaring inflation, a significant increase in interest rates by the Fed, and rising Treasury yields all point to additional losses for portfolios this quarter. How can I profit from the present market turbulence? I'm still debating whether to sell my $125,000 ETF/Growth Stock portfolio.
Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a CFP or other professional for advice.
@Zahair O'Brian my 401k growth has been stagnant since the 2019. I wouldn't mind consulting the advisor who guides you, I really want to grow my retirement fund since I could retire in 3 years.
@Zahair O'Brian Thanks, I just googled her and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $400k portfolio is down by approximately 20 %, any recommendations to scale up my ROI before retirement will be highly appreciated.
It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
The uncertainties accompanying this present market is more reasons I have my daily investment decisions guided by a portfolio-coach seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive analysis, it's quite impossible not to outperform. Netted over $550k in return on investment, since using a coach for about 2years.
The fin-Markets have underperformed the U.S. economy as fear of inflation hammers the prices of stocks and bonds. My $400,000 portfolio is down by approximately 25%, any recommendations to scale up my returns before will be highly appreciated.
@@zeldaaurora After I came across trading platform of Mrs Susan Lorraine Curry my financial life has totally changed. You can look her up on the web and connect with her.
@@haleyjohnson5756 Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Is there anything like proof recession stock? I am 48 years and would like help in managing my retirement portfolio which is currently $750k...down from a high of $1.17M.
It's a delicate season now, so you can do little or nothing on your own. Hence I will suggest you get yourself a professional that can help you revamp your portfolio and provide you with entry and exit points on the securities you focus on.
Very true! I was able to go from $150,000 to $650,000 this red season because my CFP came up with defensive strategies to protect my portfolio and take advantage of this rollercoaster market.
Yes, I agree and right now the markets are going crazy. This is the best time to observe them, get to know them better and strike when the opportunity arises. I learned that from my advisor, "LISA ELLEN SHAW", she has seen dozens of market cycles over the past decades, and she has some idea of how they move, why they move and what comes next.
@@CynthiaByrd648 Thank you for this tip. it was easy to find your advisor, I copied her whole name and pasted it into my browser her website appeared immediately. Did my due diligence on her before engaging her services. She seems proficient considering her résumé.
experts agree that index funds are very good investments for long-term investors. They are low-cost options for obtaining a well-diversified portfolio that passively tracks an index. Be sure to compare different index funds or ETFs to be sure you are tracking the best index for your goals and at the lowest cost.
Love the breakdown. I've gradually built my finance and made my first $100k through investing which i've used to start my jewellery business, and with what I’ve learned over a decade investing, given enough time, solid investments have the potential to double tHe initial principal amount, but many investors are instead Attracted to the lure of high yields in short periods of time despite the possibility of unattractive losses before even getting out. So the onus is on newbies to beware. Having multiple income streams helped me stay afloat in business when the pandemic broke out
@@UshnicYuvnikof Get yourself a stock advisor and set goals you can live with and sTick to them. Don't be too concerned about how much they charge; it's usually the industry standard. I had a couple of false starts, but ultimately ended up with a local ANITA JO LYNCH, Advisor who gave me investment advice that was sound and with steady growth; underline steady. Be the turtle, not the rabbit. my point is that these big outfits have information that you will not have as a private investor. Don't be discouraged by down turns and what the media is saying. If the media is talking about it, then it has already happened. Be on a team and you will be fine. good luck my friend and hope this helps.
How can one find a resourceful FA, I buy the idea of employing their services, its a shame market crashes as of late have become a sort of habit for stocks
@@Karagoldberg7 i can'T drop her information here but You can jusT put her name on google and you will be directed to her website and drop her your message.
There's an opportunity if so. Heating oil, wood & butane gas? As there's no borders in Europe an enterprising guy can load up a van and drive anywhere. The black market is doing very nicely. In the UK former Eastern European nation bring 'stuff' through the entry points with all manner of goods. Puppies, cigarettes, alcohol etc. All border guards are interested in is people smuggling!
Good interview. Agree with everything except when Rickards said that the Fed should stop raising Rates & that deflation should be a concern already. We are so faaar away from deflation - may be mid or end 2023. With so much cheap money printed all over the Western economies for the last 12 yrs, it will take a long time to cool the demand down. The so-called BULLWHIP effect has been called too soon. If Fed solves for Liquidity (by doing a Pivot), then that will only delay the pain. There's no running away from the monster of cheap credit that we've created. It's going to be real bad.
I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED... CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade.. I will advice you not to stop trading on your own it's very risky. Seek advice of a professional trader
I am stunned as to how it is possible for one person's head to hold the sheer amount, depth and accuracy of knowledge as Jim Rickards does!! I love listening to what he has to share...
I wonder if the main reason for FED raising rates is something else. Something neither Powel or Rickards are talking about. I am thinking in confidence in the dollar. If starts to fail then the dollar might be doomed. This is the only explaination I think explains why it is so urgent now for the FED to play this hard game of raising rates. But of course they cannot raise rates that much more so the a trying to play poker and hoping that nobody will call.
Top Guest!! 👍 Nobody explains these things as well and as concise as Jim. He is really good at choosing easy-to-digest words to explain a complex topic. His books reflect this as well. Brevity FTW
Can anybody explain how people can drop out of the workforce because they got a couple of stimulus checks that at best gave them a total annual income of $2000?
Good point. He forgot to add that on top of the three stimulus checks, the many people who were laid off received enhanced unemployment benefits. This amounted to an additional $600 tacked on to each of the two checks you got each month. I also believe this lasted for longer than the standard length of time that benefits usually last. I have a friend who actually turned down a $25 hr job because he was making more unemployed. This combined is what knocked many out of the work force. How they remain so still baffles me
One thing many people are doing is making their money "under the table" with numerous side hustles and getting paid in cash. Also, there are so many people driving for Uber, Instacart, etc, it's ridiculous!
I came to know your channel recently. Adam, you are one of the best hosts I have seen. Excellent pick of hosts and outstanding set of questions. Polite, knowledgeable and respectful to all guests even when you disagree with their viewpoints. Your Adam's Notes are very much appreciated, saving me time from going back and trying to write down those important points that your guests made. Thank you so much for your effort, especially when you are doing all these for FREE!!! God bless you and your team.
The hardest thing about Weathion interviews with awesome guests is having to wait for part two. Adam, You always end part one at just the exact moment the viewer is on the edge of their seat and leaning in.
When I was in my 20's I could always get a job, be able to pay my bills, have a car, and still save money. That was in the 70's and things have really changed. The same jobs did not keep up with inflation and it has never gotten better. Right now I see a big housing crash in the future.
Nothing i own has no real value....? I own a few bins of stored food.... Thats pretty valuable to me... When food cant get to stores, theyll even go up in value for me. Your point is stupid and kinda nihilistic. Information is valuable too, i own some of that in my brain as well.
I'm all for peace on Earth but it's silly to say nothing else has value. Shelter, for instance the house me and my family live in, has real value. When enough people lack affordable shelter there will be that much less peace on Earth. Jesus saves.
Wow I love your interviews and Jim’s knowledge is phenomenal! A extremely intelligent well rounded person. Thanks guys. Here in New Zealand many do not like to think of the hard times ahead as they have simply become accustomed to easy and inexpensive credit over the last decade. A good mate is a private banker with one of our Australian owned banks and they are extremely concerned about the huge increase of debt associated with residential paper equity gains being used to support business and now our massive housing hyper bubble has exploded and most mortgages are fixed for 1,2 or 3 years on historical low rates ie 2% and when they roll over will be triple or 4 times as much we are then going to see blood in the streets. Roughly house prices are now 20% down which still only takes us to the still pre plandemic hyper bubble prices.
Hiya Macka. Another Kiwi here, and the level of investment in housing here leaves me in despair. Many people are still scared of anything but residential housing since 1987.
What a great conversation and vocabulary Jim has. Very fluid speaker with actual facts that are outside the norm affecting today's environment. I have taken all the information in and will note it for the future. Thank you
This guy is on the money for everything he is saying…but his description of supply chain and picking versus cross docking is absolutely on point. Kmart here in Australia back in 2010 embarked on the Walmart model of reducing picking (inventory store at a DC) to cross docking. Just in time, with HUGE expansion of shipping from China. That all went to hell in COVID lockdowns…Kmart shelves were going bare. Exactly how Jim has described is the facts …why and how he knows this is impressive on another level.
Read all Jim's books and like to listen to his opinions. However, Jim is confused about where inflation comes from and will never admit that inflation is a currency issue. He'll blame it on supply chain issues and blah blah blah. I take his word with a grain a salt!
I know. He has been predicting disaster for decades…..and he is correct; disaster is coming slowly but surely. The slow slog towards devastation is what makes him seem fringe.
Oceans away, agreed. With so much money printed since the start of the pandemic - money supply has gone up by >30% in the US alone - how could it not push inflation up? Grain of salt is definitely in order here
I disagree with Wealthion's Deflation Theory ! It sounds like a pipe dream right now. And by the way the Fed will pivot long before inflation comes down anywhere near 2%. This economy is completely indebted, it cannot handle these large rate hikes for too long. And when this happens the Federal Reserve will start printing money again while inflation still being above 2% , and therefore inflation will get entrenched and may very well turn into hyper-inflation.
Jim Rickards still lives in the 1990's which is why he is expecting an imminent crash in China (it ain't gonna happen). Will somebody tell him about the largest city on earth and one of the least known. It is called Chongqing. It's resident population is 39 million and it generates six times more wealth than Greece does every year.
Thank you so much Mr Richards you definitely have your finger on the pulse of the lifeblood economy of the planet. With much love and appreciation of your effort
You missed a.key component regarding the decline in the labor force participation rate. When a person has been forced out of work due to layoffs, and has been out of work for some time, a credibility issue develops as far as the individuals' competency in their skills. As if time erased all their skills and experience developed over a number of years. So, employers are reluctant to hire individuals that have been out of work for any significant amount of time due to a perceived loss of competency.
And they offer a person who has been out of employment much less. I remember just before 2008 there were some people in powerful positions, judges and police seargeants, who sold all their secondary homes and my colleague asked them "why did you do that?", they replied "Ah well, we can buy these back for half of the price in a couple of months". We all only understood afterwards what they meant because they were all in the know. Looks like the same is currently being tried by mass layoffs. It is ethically and morally sickening.
The "help wanted" signs are illusory. Most of the jobs, the pay is too low, as Rickards pointed out. And because many companies in large metro areas have set the entry level between $18-20+ hr, consumers (would be employees) are going to the better and more accommodating employers that treat them better or pay more. So many companies treat people like crap. I know most wealthion viewers may not relate, but there are too many terrible workplaces that treat new employees like crap.
Shortages do not cause inflation. We had shortages with in 208 & 2019. When the Fed released $6.4 trillion dollars and in 2020 - 2021. That is what caused inflation to sky rocket, not the supply chains, not the war in Europe. It was the FED and Congress.
Shortages can while the shortages continue until the underlying shortage resolves. Market manipulation combined with psychological manipulation also results in inflationary pressure. Psychological manipulation is fascinating to watch, and it’s increasing exponentially as fears and elations oscillate faster and faster. Ask yourself this question: What exactly has changed in the past year fiscally to warrant the “selling” vs 12-18 mths ago the “buying”? The Final straw on the camels back resulting in the camels collapse? Perhaps. But I tend to lean towards more nefarious reasons taking advantage of “opportunities” as they naturally occur ....or created. The later concerns me the most.
Not in Raleigh NC. College football games are sold out, hotels for 350.00 a night are full every weekend in the entire metro area. Parents buying tickets for kids at 200.00 a pop. Travel sport parents are dropping 700.00 a weekend. Restaurants are packed...no slowdown here
Love listening to JR .. he can talk .. he talks a lot , talks fast and talks so much sense .. captivating listening to him .. great interview Adam .. give Jim half a question. Set him up , let him go and you can sit back for 5 minutes and grab a cup of tea 😂.. looking forward to part 2 .. well played
Rickards, whom I've followed for years, comes off as the "professor" to Powell's "student" ... too bad Rickards isn't FED chairman. Great conversation ... "on a roll" after the talk with S. Pomboy yesterday. 👍👍
Im interested to know what Rickards thinks about the global consequences of Russia and China enacting globally inflationary actions and if this could result in hyperinflation and how far along is the BRICS commodity based currency? I've read several Rickards books but he never explained in "currency wars" how the Russian and Chinese teams he played on won the Pentagon financial simulated wargame.
Good to hear Jim's macro perspectives, but when it comes to climate change, he has his head in the sand. It will not happen overnight and there are endless learning curves - you don't throw the baby out with the bathwater.
Why is RUclips making it harder for me to comment to a reply? Suddenly I have to sign in in order to get to the videos every time. The link between my email and the video is broken making it impossible for me to carry on a conversation or reply to someone else’s replay..
Friend of mine, masters degree, with 10+ years experience in HR management and organizational psychology, laid off out of spite, is being lowballed contracts by -15% in Europe, even though they're being advertised higher. Contracts she's turning down because they want it written in the contract that you can't quit without 90 days notice. The fact of the matter is people want to work, for what they are worth, the economy itself is no longer working. That's a problem the market will have to figure out for itself, since governments barely exist anymore and can't provide the function of representing people. Higher quality of life > higher standards of living.
So people working fulltime living in their cars because they can't afford housing and eating the same time is fair? That will lead to either fascism or revolt. High inflation and mass layoffs at the same time will speed up that progress.
Efficiency would've been building US factories in Mexico. This would exchange 19,000 nautical miles for a few hundred or a thousand land miles. This would bolster Mexico economy. Of course, this would require a massive revamping of US border policy and MX drug policy. The cartels would need to be put on notice by the MX policia federales and US military to stabilize supply routes. If the Mexican economy doubled, nationals and other Southerners wouldn't feel the need to emigrate and make the huge and dangerous sacrificess.
It will put a end to what is left of freedom of movement and choice of what you want to spend your money on, you will pay taxes on every dollar earned and have trouble getting a babysitter .
Government refused to stop borrowing and real estate prices kept going up generating more mortgage debt but productivity and wages didn't improve in any meaningful way. The ability to support existing and new debt really isn't there.
I only have one question for any of these people pontificating on the economy or supply chains. Did you support lockdowns, masks, vaccine mandates? If the answer is "Yes" to any or all 3, then they should belt up because they are the problem and have no solutions. What would be great is if something could be done to transfer wealth from those people back to those who opposed and stood against it. After all those who opposed it if their advice had been followed we would have those supply chains in tact. This was deliberate sabotage for very sinister motives.
Get out of debt. Grow food indoor and out. Stock up on canned goods and dry goods. Get water purification filtering bucket system. Reduce as many expenses as you can. When you save save alt currency either precious metals or Bitcoin. Make sure your healthy. Don't take the jabbys. Connect with like-minded in Your area or the community your in. No one will survive this alone. Paper assets will go to zero
On seeing the guest, guess my first question...yep. Answered inside one minute - Rickards has yet another new book to flog. Taggart should not stoop so low to this brigand, though I do empathise - he's such a smooth operator.
I’m really interested in this “work force involvement” metric he is quoting. Is it because so many people are retiring? Unemployments is very low - so I am curious about this
In one of his books, Rickards lied about the September 11, 2001 stacks. I think he knew the truth but wrote what he did to promote his own bank account. I have never trusted him, since.
Don't forget the number of people who took advantage of the eviction moratorium and didn't pay their rent for two years. They're living off the money. Also the enhanced unemployment checks. Some have opened up internet businesses and a lot of people 50+ retired early during the pandemic.
The shift in workforce is hugely affected by the lack of belief in the picture of the American dream being attainable now. Our 40 and under group doesn't see it anymore. It was the motivator.
I’ve been trying not to buy Chinese goods, for years. Hard to find. But, for instance, when I go to IKEA, I look and if it’s made in China, I put it back. If it’s made in France, Italy, Portugal or maybe even Vietnam, I buy it. I know, Vietnam is basically helping China but not as bad as directly.
Rickard’s answer to the first question went on soooo long that I forgot the host existed until he reappeared like 10 mins later. For a while, I thought I was in a Catholic mass again!
WATCH PART 2 of this interview here: ruclips.net/video/NxmTCfJi59c/видео.html
No workers do to bad schooling and the CHEMTRAILS DON'T HELP WITH 5-G fellows let alone GMO FOODS AND FLUORIDE IN THE DRINKING WATER !!! AND DON'T FORGET THE JAB !!!
WHAT ??? INFLATION IS HERE DO TO PRINTING DOLLARS BACKED BY NOTHING FELLOWS WHO ARE YOU KIDDING???
Market declines, soaring inflation, a significant increase in interest rates by the Fed, and rising Treasury yields all point to additional losses for portfolios this quarter. How can I profit from the present market turbulence? I'm still debating whether to sell my $125,000 ETF/Growth Stock portfolio.
Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a CFP or other professional for advice.
@Zahair O'Brian my 401k growth has been stagnant since the 2019. I wouldn't mind consulting the advisor who guides you, I really want to grow my retirement fund since I could retire in 3 years.
@Zahair O'Brian Thanks, I just googled her and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
Sell it and put it in penny stocks.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $400k portfolio is down by approximately 20 %, any recommendations to scale up my ROI before retirement will be highly appreciated.
It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
The uncertainties accompanying this present market is more reasons I have my daily investment decisions guided by a portfolio-coach seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive analysis, it's quite impossible not to outperform. Netted over $550k in return on investment, since using a coach for about 2years.
The fin-Markets have underperformed the U.S. economy as fear of inflation hammers the prices of stocks and bonds. My $400,000 portfolio is down by approximately 25%, any recommendations to scale up my returns before will be highly appreciated.
I suggest that you look for a mentor or knowledgeable advisor, particularly in light of the current economic climate.
@@haleyjohnson5756 I've been thinking about going that route. I would really appreciate if you show me how to go about it.
@@zeldaaurora After I came across trading platform of Mrs Susan Lorraine Curry my financial life has totally changed. You can look her up on the web and connect with her.
@@haleyjohnson5756 Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Is there anything like proof recession stock? I am 48 years and would like help in managing my retirement portfolio which is currently $750k...down from a high of $1.17M.
It's a delicate season now, so you can do little or nothing on your own. Hence I will suggest you get yourself a professional that can help you revamp your portfolio and provide you with entry and exit points on the securities you focus on.
Very true! I was able to go from $150,000 to $650,000 this red season because my CFP came up with defensive strategies to protect my portfolio and take advantage of this rollercoaster market.
@@CynthiaByrd648 I've been looking for advisors recently because the market news hasn't been very positive. who’s the person that is guiding you
Yes, I agree and right now the markets are going crazy. This is the best time to observe them, get to know them better and strike when the opportunity arises. I learned that from my advisor, "LISA ELLEN SHAW", she has seen dozens of market cycles over the past decades, and she has some idea of how they move, why they move and what comes next.
@@CynthiaByrd648 Thank you for this tip. it was easy to find your advisor, I copied her whole name and pasted it into my browser her website appeared immediately. Did my due diligence on her before engaging her services. She seems proficient considering her résumé.
experts agree that index funds are very good investments for long-term investors. They are low-cost options for obtaining a well-diversified portfolio that passively tracks an index. Be sure to compare different index funds or ETFs to be sure you are tracking the best index for your goals and at the lowest cost.
Love the breakdown. I've gradually built my finance and made my first $100k through investing which i've used to start my jewellery business, and with what I’ve learned over a decade investing, given enough time, solid investments have the potential to double tHe initial principal amount, but many investors are instead Attracted to the lure of high yields in short periods of time despite the possibility of unattractive losses before even getting out. So the onus is on newbies to beware. Having multiple income streams helped me stay afloat in business when the pandemic broke out
What ways would you recommend to someone who has no experience whatsoever and looking to make some income through investing?
@@UshnicYuvnikof Get yourself a stock advisor and set goals you can live with and sTick to them. Don't be too concerned about how much they charge; it's usually the industry standard. I had a couple of false starts, but ultimately ended up with a local ANITA JO LYNCH, Advisor who gave me investment advice that was sound and with steady growth; underline steady. Be the turtle, not the rabbit. my point is that these big outfits have information that you will not have as a private investor. Don't be discouraged by down turns and what the media is saying. If the media is talking about it, then it has already happened. Be on a team and you will be fine. good luck my friend and hope this helps.
How can one find a resourceful FA, I buy the idea of employing their services, its a shame market crashes as of late have become a sort of habit for stocks
@@Karagoldberg7 i can'T drop her information here but You can jusT put her name on google and you will be directed to her website and drop her your message.
Jim is monitoring the jet stream-there’s a level of analysis you don’t see everywhere.
There's an opportunity if so. Heating oil, wood & butane gas? As there's no borders in Europe an enterprising guy can load up a van and drive anywhere. The black market is doing very nicely. In the UK former Eastern European nation bring 'stuff' through the entry points with all manner of goods. Puppies, cigarettes, alcohol etc. All border guards are interested in is people smuggling!
🤣
And he used to drive a forklift.
He’s a true integrated analyst
Good interview. Agree with everything except when Rickards said that the Fed should stop raising Rates & that deflation should be a concern already. We are so faaar away from deflation - may be mid or end 2023. With so much cheap money printed all over the Western economies for the last 12 yrs, it will take a long time to cool the demand down. The so-called BULLWHIP effect has been called too soon. If Fed solves for Liquidity (by doing a Pivot), then that will only delay the pain. There's no running away from the monster of cheap credit that we've created. It's going to be real bad.
Great comments guys
I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED... CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?
Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade.. I will advice you not to stop trading on your own it's very risky. Seek advice of a professional trader
I lost £1200 carelessly trading on a
platform then I was referred to Mrs Sofia muller she recovered the loss and made an extra profit of £4600
@Maa Maa You don't need to be shock because I'm also a huge beneficiary of expert Mrs
Sofia
I'm so happy for taking the bold step in working and investing $2000 with Expert Mrs Sofia muller after a week I received $19,680 to my bank
Great to have Mr. Jim Ricards, awaiting the part 2 eagerly.
I am stunned as to how it is possible for one person's head to hold the sheer amount, depth and accuracy of knowledge as Jim Rickards does!! I love listening to what he has to share...
Look how big it is!
I am stunned that you appear to be a bot or troll.
I wonder if the main reason for FED raising rates is something else. Something neither Powel or Rickards are talking about. I am thinking in confidence in the dollar. If starts to fail then the dollar might be doomed. This is the only explaination I think explains why it is so urgent now for the FED to play this hard game of raising rates. But of course they cannot raise rates that much more so the a trying to play poker and hoping that nobody will call.
and thank you to @Wealthion for giving him the floor and allowing him to flesh out his narrative
Reading Jim's 📚 is a learning experience and I Thank you Mr Rickards
Jim is the best at explaining in fairly simple terms exactly what is happening and the results of those actions. Thanks so much Adam.
BRILLIANT !! He offers far more in first 11 minutes than anyone else does in an entire day. thanks so much! Can't wait for Part 2
At about minute 27, the best explanation of supply chain "breakdown"/reconfiguration I have heard. Thank you, Mr. Rickards
*✉️📊📩ꜱᴇɴᴅ ᴍᴇ ᴀ ᴅɪʀᴇᴄᴛ ᴍᴇꜱꜱᴀɢᴇꜱ ʀɪɢʜᴛ ᴀᴡᴀʏ.
27:00
Jim Richards is one of The Best it's Really Pleasure to hear What Jim has to say. Never got Tired of listening to Jim. 👍👍👍👍👍
Top Guest!! 👍 Nobody explains these things as well and as concise as Jim. He is really good at choosing easy-to-digest words to explain a complex topic. His books reflect this as well. Brevity FTW
Can anybody explain how people can drop out of the workforce because they got a couple of stimulus checks that at best gave them a total annual income of $2000?
Good point. He forgot to add that on top of the three stimulus checks, the many people who were laid off received enhanced unemployment benefits. This amounted to an additional $600 tacked on to each of the two checks you got each month. I also believe this lasted for longer than the standard length of time that benefits usually last. I have a friend who actually turned down a $25 hr job because he was making more unemployed. This combined is what knocked many out of the work force. How they remain so still baffles me
Unemployment was extended. Rent moratoriums. Didn't have to pay utilities.
Gig jobs
One thing many people are doing is making their money "under the table" with numerous side hustles and getting paid in cash. Also, there are so many people driving for Uber, Instacart, etc, it's ridiculous!
Unemployment checks. They piled it on
I came to know your channel recently. Adam, you are one of the best hosts I have seen. Excellent pick of hosts and outstanding set of questions. Polite, knowledgeable and respectful to all guests even when you disagree with their viewpoints.
Your Adam's Notes are very much appreciated, saving me time from going back and trying to write down those important points that your guests made.
Thank you so much for your effort, especially when you are doing all these for FREE!!! God bless you and your team.
The hardest thing about Weathion interviews with awesome guests is having to wait for part two. Adam, You always end part one at just the exact moment the viewer is on the edge of their seat and leaning in.
When I was in my 20's I could always get a job, be able to pay my bills, have a car, and still save money. That was in the 70's and things have really changed. The same jobs did not keep up with inflation and it has never gotten better.
Right now I see a big housing crash in the future.
Wow... oh my gosh... if there was someone in the entire world I could listen for ever and never been bored it would be you.... thank you Jim
Always a “Wealthion” knowledge… thank you for a great channel with great guests and of course the Best of hosts. A+ to Jim Ricards.
*✉️📊📩ꜱᴇɴᴅ ᴍᴇ ᴀ ᴅɪʀᴇᴄᴛ ᴍᴇꜱꜱᴀɢᴇꜱ ʀɪɢʜᴛ ᴀᴡᴀʏ✍️.
in the end it all counts for nothing..Everything you own has no real value..Time is your most valuable asset..Don't waste it..Peace on Earth 🙏🌏
Nothing i own has no real value....? I own a few bins of stored food.... Thats pretty valuable to me... When food cant get to stores, theyll even go up in value for me. Your point is stupid and kinda nihilistic. Information is valuable too, i own some of that in my brain as well.
land does have real value, when you can grow food and collect firewood for fireplace.
I'm all for peace on Earth but it's silly to say nothing else has value. Shelter, for instance the house me and my family live in, has real value. When enough people lack affordable shelter there will be that much less peace on Earth. Jesus saves.
Why are you wasting it watching this then.
I think James Bond was speaking in general terms.. ie most people actually don’t own much.
Best interview I've seen here for a long time. The discussion of the supply chain was fascinating -- and entirely logical.
Got to love Jim. You ask one question and off he goes like the Duracell Bunny!
Wow I love your interviews and Jim’s knowledge is phenomenal! A extremely intelligent well rounded person. Thanks guys. Here in New Zealand many do not like to think of the hard times ahead as they have simply become accustomed to easy and inexpensive credit over the last decade. A good mate is a private banker with one of our Australian owned banks and they are extremely concerned about the huge increase of debt associated with residential paper equity gains being used to support business and now our massive housing hyper bubble has exploded and most mortgages are fixed for 1,2 or 3 years on historical low rates ie 2% and when they roll over will be triple or 4 times as much we are then going to see blood in the streets. Roughly house prices are now 20% down which still only takes us to the still pre plandemic hyper bubble prices.
Hiya Macka. Another Kiwi here, and the level of investment in housing here leaves me in despair. Many people are still scared of anything but residential housing since 1987.
Really good watch your videos, i learn a lot
Super interesting interview. I would love to see Jim on more often. Thanks gents.
JR is on of my favorite guests that you feature. He provided such great insights. Thanks for the great interview.
What a great conversation and vocabulary Jim has. Very fluid speaker with actual facts that are outside the norm affecting today's environment. I have taken all the information in and will note it for the future. Thank you
Thanks Adam and Jim. Always enjoy listening to Jim's very meaty and insightful appraisal of the macro picture; the best macro man out there!
*✉️📊📩ꜱᴇɴᴅ ᴍᴇ ᴀ ᴅɪʀᴇᴄᴛ ᴍᴇꜱꜱᴀɢᴇꜱ ʀɪɢʜᴛ ᴀᴡᴀʏ
Jim is ONE THE BEST GUESTS you have on !
Thank you so much Adam and Jim!
This guy is on the money for everything he is saying…but his description of supply chain and picking versus cross docking is absolutely on point.
Kmart here in Australia back in 2010 embarked on the Walmart model of reducing picking (inventory store at a DC) to cross docking. Just in time, with HUGE expansion of shipping from China. That all went to hell in COVID lockdowns…Kmart shelves were going bare.
Exactly how Jim has described is the facts …why and how he knows this is impressive on another level.
I like Jim. Highly intelligent analtical abilities and he is a great communicator.
Excellent interview with a most knowledgeable and enlightening individual, thanks!
Read all Jim's books and like to listen to his opinions. However, Jim is confused about where inflation comes from and will never admit that inflation is a currency issue. He'll blame it on supply chain issues and blah blah blah. I take his word with a grain a salt!
Yep he’s a fed lover. Supports the fed at all costs hes bought and paid for by big media
C I A shill
I know. He has been predicting disaster for decades…..and he is correct; disaster is coming slowly but surely. The slow slog towards devastation is what makes him seem fringe.
Oceans away, agreed. With so much money printed since the start of the pandemic - money supply has gone up by >30% in the US alone - how could it not push inflation up? Grain of salt is definitely in order here
"We have to destroy the village to save it"
Note from history, we didn't save Vietnam, it saved itself, from us...
Remember that this guy was touting deflation this year about a year ago? Yeah, Pepperige Farm remembers
If only our leaders had 10% of Jim's brain power. Thanks, very helpful, love the history.
If only we voted for leaders with brains, not just money and mouths.
I cannot wait for Part 2! Thank you Mr. Rickards! Thank you Adam!
I disagree with Wealthion's Deflation Theory ! It sounds like a pipe dream right now. And by the way the Fed will pivot long before inflation comes down anywhere near 2%. This economy is completely indebted, it cannot handle these large rate hikes for too long. And when this happens the Federal Reserve will start printing money again while inflation still being above 2% , and therefore inflation will get entrenched and may very well turn into hyper-inflation.
@@rednose1966 🤞
This man explains things so well!!! Thank you!! I’m going to be getting the book, for sure!!!
Jim Rickards still lives in the 1990's which is why he is expecting an imminent crash in China (it ain't gonna happen).
Will somebody tell him about the largest city on earth and one of the least known.
It is called Chongqing.
It's resident population is 39 million and it generates six times more wealth than Greece does every year.
Thank you so much Mr Richards you definitely have your finger on the pulse of the lifeblood economy of the planet. With much love and appreciation of your effort
It has been a member since it has to do with this post
Thank you so much What a brilliant man Jim Rickards is. Such a fantastic interview !!!
ADAM. YOU SHOULD. HAVE PART 3. and 4 and 5 WHITH JIM RICKARDS. HE IS THE BEST. 👍👍👍👍👍👍
You missed a.key component regarding the decline in the labor force participation rate. When a person has been forced out of work due to layoffs, and has been out of work for some time, a credibility issue develops as far as the individuals' competency in their skills. As if time erased all their skills and experience developed over a number of years. So, employers are reluctant to hire individuals that have been out of work for any significant amount of time due to a perceived loss of competency.
And they offer a person who has been out of employment much less. I remember just before 2008 there were some people in powerful positions, judges and police seargeants, who sold all their secondary homes and my colleague asked them "why did you do that?", they replied "Ah well, we can buy these back for half of the price in a couple of months". We all only understood afterwards what they meant because they were all in the know. Looks like the same is currently being tried by mass layoffs. It is ethically and morally sickening.
How are those people sitting on their couch paying their bills?
They're not. Their spouse is, or their parents are, or their adult children are. Everyone knows a mooch in a household that takes more than they give.
They thought they were going to be good for years with their FTX accounts 🤣
The "help wanted" signs are illusory. Most of the jobs, the pay is too low, as Rickards pointed out. And because many companies in large metro areas have set the entry level between $18-20+ hr, consumers (would be employees) are going to the better and more accommodating employers that treat them better or pay more. So many companies treat people like crap. I know most wealthion viewers may not relate, but there are too many terrible workplaces that treat new employees like crap.
Shortages do not cause inflation. We had shortages with in 208 & 2019. When the Fed released $6.4 trillion dollars and in 2020 - 2021. That is what caused inflation to sky rocket, not the supply chains, not the war in Europe. It was the FED and Congress.
Shortages can while the shortages continue until the underlying shortage resolves.
Market manipulation combined with psychological manipulation also results in inflationary pressure.
Psychological manipulation is fascinating to watch, and it’s increasing exponentially as fears and elations oscillate faster and faster.
Ask yourself this question: What exactly has changed in the past year fiscally to warrant the “selling” vs 12-18 mths ago the “buying”?
The Final straw on the camels back resulting in the camels collapse? Perhaps.
But I tend to lean towards more nefarious reasons taking advantage of “opportunities” as they naturally occur ....or created.
The later concerns me the most.
Not in Raleigh NC. College football games are sold out, hotels for 350.00 a night are full every weekend in the entire metro area. Parents buying tickets for kids at 200.00 a pop. Travel sport parents are dropping 700.00 a weekend. Restaurants are packed...no slowdown here
Buy Silver & Platinum.
Jimmy's looking sharp. One of my favorite authors; thank you for having him on. . .
Awesome! Looking forward to this one.
Love listening to JR .. he can talk .. he talks a lot , talks fast and talks so much sense .. captivating listening to him .. great interview Adam .. give Jim half a question. Set him up , let him go and you can sit back for 5 minutes and grab a cup of tea 😂.. looking forward to part 2 .. well played
Rickards, whom I've followed for years, comes off as the "professor" to Powell's "student" ... too bad Rickards isn't FED chairman. Great conversation ... "on a roll" after the talk with S. Pomboy yesterday. 👍👍
Im interested to know what Rickards thinks about the global consequences of Russia and China enacting globally inflationary actions and if this could result in hyperinflation and how far along is the BRICS commodity based currency? I've read several Rickards books but he never explained in "currency wars" how the Russian and Chinese teams he played on won the Pentagon financial simulated wargame.
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@@xxkittymeowxx8093 woof
Good to hear Jim's macro perspectives, but when it comes to climate change, he has his head in the sand. It will not happen overnight and there are endless learning curves - you don't throw the baby out with the bathwater.
Jim knows! Thank you Jim for educating us.
Why is RUclips making it harder for me to comment to a reply? Suddenly I have to sign in in order to get to the videos every time. The link between my email and the video is broken making it impossible for me to carry on a conversation or reply to someone else’s replay..
Blimey Jim knows his onions. What a fantastic interview.
Haven’t heard “blimey” for a while....
Cheers!
What a great interview! I’m looking forward to tomorrow’s video.
Friend of mine, masters degree, with 10+ years experience in HR management and organizational psychology, laid off out of spite, is being lowballed contracts by -15% in Europe, even though they're being advertised higher. Contracts she's turning down because they want it written in the contract that you can't quit without 90 days notice. The fact of the matter is people want to work, for what they are worth, the economy itself is no longer working. That's a problem the market will have to figure out for itself, since governments barely exist anymore and can't provide the function of representing people. Higher quality of life > higher standards of living.
Problem is a lot of people think they are worth more then they actually are
So people working fulltime living in their cars because they can't afford housing and eating the same time is fair? That will lead to either fascism or revolt. High inflation and mass layoffs at the same time will speed up that progress.
Efficiency would've been building US factories in Mexico.
This would exchange 19,000 nautical miles for a few hundred or a thousand land miles.
This would bolster Mexico economy.
Of course, this would require a massive revamping of US border policy and MX drug policy. The cartels would need to be put on notice by the MX policia federales and US military to stabilize supply routes.
If the Mexican economy doubled, nationals and other Southerners wouldn't feel the need to emigrate and make the huge and dangerous sacrificess.
Good info. Can't wait for part 2
Will Central Bank Digital Currency for the US Dollar be introduced?
It's inevitable and will put an end to all shit alt coins except BTC
It will put a end to what is left of freedom of movement and choice of what you want to spend your money on, you will pay taxes on every dollar earned and have trouble getting a babysitter .
It’s coming.
Government refused to stop borrowing and real estate prices kept going up generating more mortgage debt but productivity and wages didn't improve in any meaningful way. The ability to support existing and new debt really isn't there.
I only have one question for any of these people pontificating on the economy or supply chains. Did you support lockdowns, masks, vaccine mandates?
If the answer is "Yes" to any or all 3, then they should belt up because they are the problem and have no solutions.
What would be great is if something could be done to transfer wealth from those people back to those who opposed and stood against it.
After all those who opposed it if their advice had been followed we would have those supply chains in tact.
This was deliberate sabotage for very sinister motives.
Wealth transfer
Love the analysis. You are my go to channel.
every economist predicts economic doom, but few are advising what the little guy needs to do to survive Armageddon
Get out of debt. Grow food indoor and out. Stock up on canned goods and dry goods. Get water purification filtering bucket system. Reduce as many expenses as you can. When you save save alt currency either precious metals or Bitcoin. Make sure your healthy. Don't take the jabbys. Connect with like-minded in Your area or the community your in. No one will survive this alone. Paper assets will go to zero
Listen to Bill Holder👍
Buy Bitcoin
He's being too-commercialized, but there aren't too many more credible than this good man.
On seeing the guest, guess my first question...yep. Answered inside one minute - Rickards has yet another new book to flog. Taggart should not stoop so low to this brigand, though I do empathise - he's such a smooth operator.
I can’t comprehend as fast as Rickards talks so I buy his books to mark up and make notes.
He runs many words together instead of being sure that each word is properly enunciated.
I check out and seek those are more steady & clear.
There is a high death rate that has been kept very quiet that is a small portion of this lack of labor participation.
1 million and half died during COVID and alot of survivors of serious cases are still in bad shape.
Boy do you get some serious heavyweights in this sphere. Gr8 channel exemplary guest's thank you 👍👌👏👏
I learn so much from all of your interviews. This one is no exception. Thanks.
Thank you… this interview was very informative!
Great interview thanks for letting him speak
I’m really interested in this “work force involvement” metric he is quoting. Is it because so many people are retiring? Unemployments is very low - so I am curious about this
In one of his books, Rickards lied about the September 11, 2001 stacks. I think he knew the truth but wrote what he did to promote his own bank account. I have never trusted him, since.
Thank the host for letting Jim talk.
So often the host asks a very long question and then when the guest is halfway through an answer he interrupts with another question.
Don't forget the number of people who took advantage of the eviction moratorium and didn't pay their rent for two years. They're living off the money. Also the enhanced unemployment checks. Some have opened up internet businesses and a lot of people 50+ retired early during the pandemic.
As always, a super interview!
This is really good. How about content on how to fight inflation on the supply side?
Companies need to tighten up and cut off the excess fat to keep costs in check.
This is the most rambling, yet beautiful interview on the internet. This is how you'd talk if you were half some Vicodin and Xannys. MY GUY
Can't wait for Part 2!!
Jim is brilliant.....
There are plenty of people who are working… for cash!
And I personally know several women who have given up work to care for elderly parents.
One of my favourite interviews so far, I enjoy it far more when Adam keeps his questions succinct and doesnt use a monologue to ask them LOL
I clicked on this faster than the speed of light when it showed up on my suggestions lol
*✉️📊📩ꜱᴇɴᴅ ᴍᴇ ᴀ ᴅɪʀᴇᴄᴛ ᴍᴇꜱꜱᴀɢᴇꜱ ʀɪɢʜᴛ ᴀᴡᴀʏ✍️,
Love Jim and Wealthion!
The shift in workforce is hugely affected by the lack of belief in the picture of the American dream being attainable now. Our 40 and under group doesn't see it anymore. It was the motivator.
This is one of the best shows for plain analysis. Kudos to Adam and his guests for avoiding click-bait tribalism and bias.
*✉️📊📩ꜱᴇɴᴅ ᴍᴇ ᴀ ᴅɪʀᴇᴄᴛ ᴍᴇꜱꜱᴀɢᴇꜱ ʀɪɢʜᴛ ᴀᴡᴀʏ✍️..
Two thumbs up, good content, from a no Nonsense host, video recommended.
James is one of my faves.
Still watching Frank G Melbourne Australia 🇦🇺 ❤️
18:55 "if I want to afford Doritos I guess I have to get off the couch" Hmm...
Very good interview. Any war predictions? And what about money velocity factor?
All due respect and with a nod to the very insightful information, but are we not yet ALREADY in recession?
I’ve been trying not to buy Chinese goods, for years. Hard to find. But, for instance, when I go to IKEA, I look and if it’s made in China, I put it back. If it’s made in France, Italy, Portugal or maybe even Vietnam, I buy it. I know, Vietnam is basically helping China but not as bad as directly.
You’re about 25 years too late. The USA died in the 90s
@@mikehawk4856 true
Rickard’s answer to the first question went on soooo long that I forgot the host existed until he reappeared like 10 mins later. For a while, I thought I was in a Catholic mass again!