Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of $350k...that's like 7times more than I average on my own.
The decision on when to pick an Adviser is a very personal one. I take guidance from Rebecca Lynne Buie to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
I’m 52 and I live with my parents, they have pensions I don’t. I worked much harder than they did yet I have nothing to show after losing my career in 2008 and only finding piecemeal jobs at low pay with no benefits ever since. I have had to declare bankruptcy and lost all my assets. All my parents did was teach children in primary school where I had to work 80 hours a week in advertising for television that ended up costing me physical and mental health problems. Zero life / work balance. Something ain’t right. My son has been trying to make a life for himself and it’s even harder for him now than it was for me.
I'm 10 years older. I look back disappointed to see my becoming an adult started when the neoliberal economic project took hold. "A new morning in America" was the campaign slogan. Since then every support system that citizens had was undercut. Pensions went away as organized labor lost power and ability to save disappeared. I'm repeating some of the facts from the film but I lived in that world where my mother went to work to keep all the balls in the air. Not realizing how precarious my life was I was trying to stay happy earning too little. Now my world has crashed with a serious back injury and the need to chase disability from a system that might collapse before any benefit I paid into can be recoup. Your a genX'er I'm right about the cusp between boomer and genX. Data shows we have the worst outlook for retirement of any generation of past modern economic period. It won't be pretty if this looming problem starts to roll out when the working days begin to end. I'm staring it in the face. I've told a young niece of mine now entering adulthood - it will be really difficult for her even to buy a home.
@ I feel your pain. I’m just a sitting duck waiting for my folks to pass on. At which point I won’t be able to afford to stay in the house. I did own my own home for 15-17 years but I lost it all in my divorce… I had a bad injury that lead me to the Oxys and that contributed to my downward spiral.🌀 in order to get off the opiates I was put on benzos. That was even harder to detox from. Now I’m in the methadone and my teeth are literally disintegrating. Life is so harsh now. It used to be so simple, so glorious. I didn’t see it coming.
I’m 39, living with my mom after loosing my job on 2020 plandemic, freelancing from home. No kids, no debt, can’t even afford pants 😂 (ok that’s a joke) but currently doing web design and branding. If you want to join forces I’m here for you 🎉 is the least we could do, help others.
@@SOLIDSNAKE.not true. No one is capable of changing that. Even Trump is even in bed with them now too. Too much power, too much money, too much deep state.
@@nicklll4477how is that a good start? Bankrupt a generation of people who have put a lifetime of money into system designed to allow for some semblance of a safety net for retirement?
@ without those programs people will work until they die, if corporate America would even keep people on payroll at such an old age. Also, the way our debt based society is won’t allow for it. Corporate capitalism today will skyrocket prices knowing how much ss use to take and will suck up the wealth to the top making sure people couldn’t afford to put away for retirement. It’s how the Great Depression happened
Imagine what I've lived through. Born in '58, I now survive only by living with my daughter and her family. My first job paid $1.25/ hr yet I bought my first car for cash, used yes but it lasted until almost out of college. What future does my grandson have?
Same here born 1958. It’s really something to have actually lived and witnessed all the changes and to be able to tell your experiences and maybe teach the younger people a thing or two.
For me the better question is why did your daughter decide to have your grandson. I mean, how much harder does life has to get before ppl stop? Either revolt or don't have 'em, but don't bring more slaves to the plantation.
@@katiekane5247 you were born in the most fortunate of circumstances winning the best lottery in the universe and you have this living archival knowledge and experience and yet getting younger people to appreciate it is almost like giving them something like potable water why they have a deadly case of diarrhea. And so many will look at you with such prejudicial discussed as if you were a wanted criminal. This is called social engineering and it divides us from our children and our grandparents. No wonder everybody moves away from one another only to leave themselves more dependent on the system a paycheck and themselves alone. Know that you are not alone and it pays to study the differences of the four living generations today. There is an excellent recent release using archival material to talk about generation X in contrast to the generation before and after it and it is worth every minute. This would be ideal for someone in your circumstance and someone younger than you and your parents to watch it together. Afterwards have a nice talk. Use the methods of Dr Marshall Rosenberg and nonviolent communication for which you can find endless amounts of highly valuable lectures and group sessions. The guy might seem a little corny but he is able to resolve conflicts that are seemingly irreconcilable be they the crips and the bloods Palestinians and Israelis husbands and wives bosses and employees. when you find your passion even in Hell on Earth you may feel something like heaven and the spiritual armor around you. For lack of better words the biblical metaphors can come in very handy understanding the ineffable Human condition and Nature Providence and Fortune . The purpose of the media is to control and to confuse and to scare into obedience that was entrained upon using the Prussian education model that basically gets soldiers to fight when they know they're going to be eradicated pointlessly, no matter what the facts are. This model exemplifies the purpose of foundations by the robber baron like Rockefeller and Carnegie, Koch, Gates, Langone, Zuckerberg, et al. 100 years of this history is abundantly available from all perspectives. Draw a circle around their points, and notice which points are avoided by each interest groups. I do not recommend putting people into group a b or c because generation X for example cannot be so quantified nor sorted. And really who can be?
If I was Trump, I know what I'd do to eliminate the debt, and to be able to offer a basic income to each and every adult American that would involve zero taxation. First of all, I'd hype bitcoin to drive it to insane levels, and then use our confiscated BTC reserves to use a fiat coin to pay a debt made from fiat currency. Funny how that very thing is playing out this very moment. I'd also use my executive authority to confiscate ALL the assets of these corrupt corporations that have committed crimes against humanity. These assets now belong to the people. Forevermore, when the peopleuse the products from these companies, they would all receive dividend checks from the profits. We have now created a self-sustaining economical system that benefits the masses while minimalizing taxation. Now let's see what's REALLY gonna happen...
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.
We have been in a depression since 2008, the yield curve has already uninverted, global recession indicators are flashing alarm for well over a year, and absolutely nobody could pull us out of the hell coming regardless of party.
i've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
’Amy Lea Kohlert a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
While I recognize that it would have been much much better to have never gotten off the gold standard I have to point out the obvious propaganda towards the end of the video offering up owning gold as a saving grace when this system collapses. I don’t believe that will be the case. When this global fiat system collapses Gold as money will not be relevant for many years. The death and destruction that would follow such a financial catastrophe would leave no room for anything but the essentials for barter
Yeah its a bit ridiculous to think when this whole thing comes crashing down it will only be the "money system", no man, it will be our whole socioeconomical system and im genuinely terrified 😂
Have never been outside East Africa but I fully identify with the facts expressed in this documentary. In the 70s teachers, nurses and clerical officers were able to provide for their families of 8. Today two salaries are not enough for a family of 5.
This is a repost of an old documentary (gold $1600/ounce at the time). Its a good doc and what is funny is, ar one point, one of the guests asks, "what are we going to do? Print until we are printing $2 trillion to bail out the economy?" This aged so well because his borderline sarcastic question has been answered. YES. They literally printed $2 trillion in one sweep in what was called, "the anti-inflation act." You cant make this sh=t up. Also, I recommend reading the book mentioned here, "The Creature from Jekyll Island." Very informative.
G. Edward Griffin is a crank. He has promoted fake cures for cancer, is an AIDS/HIV denialist, marketed an illegal income tax fraud scheme (for which he was prosecuted by the IRS) and thinks we’re being poisoned by chemtrails. Oh, and he thinks he’s found Noah’s Ark in Turkey. There isn’t a conspiracy theory out there that he doesn’t like.
It doesn't require an education to understand how this scheme works... -it takes two minutes, to know what money should be created, and perhaps 20min to understand how Financial Manipulation works.
I expected to leave after watching this documentary all depressed about the future. It actually kind of had a positive spin to it. Great documentary! Ty
Prices are going up and wages are staying stagnant. We're stuck in the 90s in average pay . So people try and get 2 jobs. There's only 24 hours in a cycle so it's capped on hourly pay. Money is made in profits from sales. If said person can figure this out you've got to overtake the rate of inflation. So a regular job won't cut it anymore. Even 2 regular Jobs. Unlike back when gas was 30 cents a gallon.
So global economy is fast sinking into an economic recession..or worse. It’s already started and there is nothing that can turn it around…prices are going to come down
@@dmkuchins6646because people that think like this don't understand economics and think the solution is to spread around other people's money. It means raising taxes that are already too high. When the problems started with handing out money to begin with, which is then laundered to the top via "charity". Funny how they always want the government to "help people " when they themselves never actually personally do anything for people. You can't write economic policy on feelings. The only thing it results in is more government involvement which is controlled by corporate interests.
Correct. And we've been paying support fiduciaries to 32 countries for decades..Including Isreal. I known for decades. I've viewed the sheets. It's astronomical. Billions every year.. We're in no way $35 trillion. It's over $265 trillion up..Their fronting the debt clock. Default or zeroing the debt. Freeze the personal assets from actions. Retirements etc. Yhe agreement has to be global.. Look at BRICS as of now? Sure. Their back stopping with Gold..on paramount. Damn shame the street level folks are screwed.
Not really. Self-sufficiency in a remote area is a somewhat sound plan, yes - though it's very capital intensive. With the amount it costs you to set all that up - including off-grid electricity and water - you could also just amass a pile of savings in diversified assets sufficient to weather anything short of a total collapse. The firearms and ammunition are rather pointless. If the government is still around, it's not going to take kindly to you shooting intruders on your land, even if you have good reason to believe they are hostile. And if the government is not around, your little hobby-paramilitary isn't going to be enough no matter how big a pile of ammo you have. No, if you're planning for that scenario, you don't want to be on your own - you need to set up a whole self-sufficient community who can support each other.
Only need three things for survival: 1. Will to live 2. Knowledge 3. Kit Of the three, let Knowledge lead.❤ it's freely given, shared with enthusiasm and never stolen.
You'll have to deal with property taxes. Etc. If you own it out right.. still doesn't matter in some states codes. Basically stealing your land owned .deed in hand. You'll rent that land etc. It's theft.
All this information is old. The reason they are hell bent on making it so available now is that they can hear the music coming to a stop. On other words, they are making preparations to pull the plug and introduce the next monetary system. All the carnage and chaos that you are imagining right now is what they are certain will take place.
nuff said… they know the pendulum swings and eventually a future generation will have to be groomed into a new system… and now they have all our data this time around which means they know exactly where to meet the consumers at
This is a brilliant educational video. I love it and learned a lot. I need your permission to make small clips of this video and share it with the world 🌍 just to ensure and contribute to fundamental financial awareness. Please reply and look forward to it. Thanks
What if you don't know how to trade any of these? I mean, I see your point. Some people have the money and are willing to invest. But the problem is where to.
Hey dude, this is 2025. People who aren't even traders make money from the crypto and forex markets and moreover there are already financial analysts and trading experts(PhDs) who have shelled out theories and ideas for years on how bit coin technically grows
If you think you're too lazy to trade or learn how to trade, just know I have some friends who invest in a platform where and experts devotes their time and help them trade and they get paid profit every week
The Constitutional framers were the smartest people to walk this earth. No two party system. Just a Constitutional Republic and sound money. Give us our country back.
Not really. They did a decent job, but the US constitution is full of strange compromises for reasons that made perfect sense at the time. The electoral college system perhaps chief among them - the bizarre system for electing a president was required because without it, the less-populous states would have no reason to join. They would point out, quite correctly, that if all voters were equal than they would have less power than other states with more voters in. In order to make it work it was nessicary to set up a system such that states could be more equal, at the cost of making voters less equal. The original constitution also lacked any coherent definition for citizenship, which lead to utter chaos after the civil war and had to be fixed with birthright citizenship, which continues to anger many people with strong anti-immigration views. Like all governments, the whole thing is an utter mess which somehow manages to work most of the time.
@@SirAlford money only matters because of property. You think your landlord, employer are going to offer you better deals if you stop using Fiat money? Why?
In order for currency to behave like money, it has to circulate. If you allow hoarding while at the same time deficit spending, you are creating a recipe for disaster.
While the debt is a problem, it's good to note, gold has little intrinsic value as well, the metal is useful for some things but most of its value is extrinsic. In a global collapse I'll probably keep my loaf of bread and you can keep your gold coins
You simply don't understand what GOLD is! Gold is REAL money and not cash! It has ALWAYS been so for over 5,000 years. And right now, it hasn't changed. The same ounces of gold have remained the same from the time of the Romans and up to date. Gold has NEVER gone down in value despite all the SUPPRESSION of it but the government. If you discover gold that was used during the time of Rome it would have MORE value. Now compare that with any currency that was created say 200 years ago. Their value have declined! Right now (and unknown to MOST Americans) ALL central banks are buying gold and DUMPING the dollar? Why? Because they know that gold is money and not currencies. Central banks are INSIDERS and know how money works. And that is why the wealthy PROTECT and PRESERVE themselves buying gold. So that way, their wealth does not vanish through currencies, which ALWAYS go back to zero eventually due to inflation which is what we are seeing right now. Look around you, and you will see coin dealers are ready to buy gold and would gladly give you cash for your gold. Why? Because gold has value. Cash has no value. Unfortunately, we grew up in America when the government has BRAINWASHED and DUPED us into believing that cash is money. And if you follow global economic trends, you will see why BRICS, which is growing faster, are going to back their monetary system with gold and commodities. Not to mention China, Russia, India, and the rest of the world are acquiring gold unlike never before. Why? It's because the whole world is going back to gold since we now realize that currencies are not reliable and stable. Not to mention, some states in the US are now trying to switch from the dollar to gold in order to protect themselves! Do more research on gold, and you will know the HIDDEN SECRETS of the wealthy, which unfortunately, the IGNORANT masses don't know anything about. And it's because we have been lied to and not educated about what is really money. The government themselves know that it is gold that is money and not currencies. But they prefer currencies so they can be reckless with it. Look at what has happened since President Nixon took us away gold. They have DESTROYED the dollar by their out of control money printing. Now, we are in debt of $36 trillion and a nation of debtors. When the dollar was tied to gold, it put the government in check, and they were unable to destroy the dollar. Now, they just continue to devalue the dollar, which, as a result, is killing the citizens through inflation
Observation. The currency exchanges consist of speculators putting in buy and sell orders - "I'll offer this many yen for one dollar!" and "I'll take that offer!" This happens very quickly, as it's all computerised. The exchange records all of these trades as they happen and calculates the mean price at which those trade are agreed, and publish that as the exchange rate. In practice the traders are all watching that figure as it changes, and so the trades tend to cluster very tightly around it: The exchange rate controls the market at the same time as the market controls it. This keeps the rate from moving too suddenly, unless there is a serious event in world affairs like an abrupt change in government policy or a war breaking out.
There is a fixable solution.. But it's gonna hurt a couple million people pretty bad. Fortunately for us, those people it will hurt the most are the ones who stole all of it throughout the years of their service to the finance institutes in the name of YOY maximization of profits and bonuses and are sitting on trillions in personal stolen retirement as a collective group. Them trillions can fix our debt.
So basically Schiff is just saying..oh i invested tons into gold and silver...and so did everyone I consulted..now please get scared and buy some gold so that the value goes up and I can sell it off at a profit. I mean I understand the arguments and infact I side with them, but one also has to be smart and look at everything as a balance sheet. Why is someone who TRADES in gold and silver trying to say all this stuff?
It's like an epidemic. Gold bugs and gold advertising in many influential alt media podcasts usually pro libertarian and pro DJ Trump, ... another "POTUS spinning US To Death"....
Just like eggs, milk, meat, steel, grain, wheat, beans and many many other commodities WILL keep going UP in price and in the grocery Just as the same gold, silver, platinum, uranium, etc etc will go up - NOT because they somehow became better and more valuable - but because the monetary system has to CREATE more and more money - INFINITUM So PLEASE, DO NOT BUY Gold !! I have to get more for cheaper and accumulate
Personally, I like Capitalism. But we all knew that it couldn't last forever and that, as Karl Marx said, "capitalism contains the seeds of its own destruction". It's destroying itself now but it has been a good ride for a long time. The aftermath of this collapsing system won't be pretty but a new system will arise from the ashes after the starvation, rebellions and wars end. We live in interesting times.
As if Karl Marx is in anyway a relevant critic of economy and society in general. His semitic economics got countless millions killed and hundred of millions tortured.
When did you like it? When you went through school so you could be a good cog in the system? If you worked minimum wage, while you saw massive amounts of waste, destruction and apparent poverty, when all money is debt and we paid it back with our lives for no real value, what did you like about it, the results for sustainable better living as we age or a system dependent on new debt being entered into with no one able to? It's nice to say a new system will arise but this one system going into overdive will drive the earth to 30c as an average, billions flooded out and everything we know destroyed, we might not survive as a species because of it, 90ish percent of species won't, what exactly are you comparing it against to say you like Capitalism?
The fake money scheme was ostensibly good for a handful of people, but horrible for the vast majority including future generations because of all the wars and vast environmental destruction caused by the pertual growth insanity. I don't think theres a good financial system for large markets because no matter which one is used, it will be controlled by psychopaths while the meek inherit the shaft. That's unfortunately how humanity works.
It would have been fine if we kept the ideals of the 50s and 60s regarding we make it our self we sell it to our selfs and we trade what's left over. Allowing corporations to just tuck tail and run to a different country and then sell us the same product while trying to tell ourselves its American made. It did not hurt that manufacturing was basically dead in Europe after ww2
As long as humanity chooses a purely egoistic economic path, the elites will completely dominate. Its perhaps similar to the prisoners dilemma in game theory. Enlightened self interest or self interest which perceives our basic interconnectivity or interdependence is essential
This is exactly why the founding father of the US put in the constitution that "nothing but gold and silver shall be money." They knew the dangers of fiat currencies
If you are able to purchase gold with the dollar, how is this not an exchange. Foriegn governments can set up pawnshop and mine the gold through currency exchange all day long. Can't eat gold. Pocket full will weigh you down. Most counters are not equipped to barter in gold.
At least gold holds value Easier to make a stop at my bullion dealer and trade some gold for cash before shopping than watching my purchasing power melt away
@carsonfischer2116 Your bullion dealer must work for free? If you have to "stop at", this implies your time has no value? What ever blows your skirt up?
@ takes 5 minutes to make a trade I live in a small town so it’s not out of my way or anything Such a small amount of my time is definitely worth the returns I’ve seen since getting involved with metals, I’ve been able to keep up with and beat inflation over the last 4 years. You can get the same returns with smart stock investments but you spend at least the same (likely more) time managing those. Anyways, not trying to convince you on metals just sharing my experience
The greater problem is that the Fed factors in a 2% inflation rate (due to monetary growth) regardless of economic circumstances. It should attempt to keep money growth around zero. That would keep prices at stable levels.
16:00 No, because the currency The US dollar gets devalued by printing and paying back, so the products of the us would be cheaper for a term or the US has to sell some stocks of their companies or some equity of their citizens or some land. So no ponzi system without equity. It is only a system of equity you can buy with the dollars that are printed.
17:30 The problem is not the high price of oil. It is the low price of work It is the productivity of the work of the worker that goes down, because the the worker gets less money for the work, because the rich pay them less, because they have chosen to pay an chinese worker. It is not a problem of printing currencies. It is a problem of printing cheaper workers.
I agree with sending someone to mars, but it’s not the politicians doing this. We must understand that in a capitalist economic system, politicians are the servants of capital - not us. The problem is NOT the politicians. The problem is who the politicians SERVE, which is the capital class. An arbitrary group of people who get to own and control the resources and information we all depend on, for their own personal short term gain. They corrypt our politicians.
so the only thing we can do is buy gold is what this thing is saying. physical gold. correct? that would mean that we have to store it and protect it via force correct??
I hear these gold bugs allot and I entirely agree with them but I am always left wondering when it is worth it to buy gold rather than build a business or buying property. If your position is established and you have piles of excess capital sitting around it is a no brainer but if your a middle class dude still trying to break out of the rat race at what point to you accept being stuck where you are until things collapse and just start hoarding gold/silver?
It’s a matter of timing. Businesses and property are both great options but where the economy stands right now neither are viable (unless you have a great business idea or tons of capital)
While gold bugs have a point, focusing SOLELY on hoarding gold/silver might mean missing out on BIGGER opportunities. Building a business or investing in property can offer GREATER wealth creation and potential for a more SECURE future. Don't put ALL your eggs in one basket! And the potential for greater returns and more diverse opportunities when compared to solely hoarding precious metals. Ps i love gold 🥇
So a what's ya saying should I just run out and buy some gold. It's unfortunate trust has been decimated I mean obliterated . So are you giving good advice or trying to sell gold?
He said, "If you can't hold the GOLD, you don't OWN the GOLD." ( he said there's a certain amount of GOLD, & not these groups of people can own, the same ounces.)
Doesn't someone also just decide the price of gold pretty much out of thin air? If the value of gold rises and falls like every other currency doesn't that make it fiat but in a different form? I feel like this is just a huge chicken and the egg problem. I get that it's a physical asset but it is one with value assigned to it
They do, but that's why you always get wars and pandemics when debt becomes so unsustainable. When you can't balance the money supply and finite resources, you directly reduce human energy to offset the debt, which is then written off. Countries never pay their debts off, they just inflate it away, write it off by exporting debt to regional conflicts or you get world wars and major pandemics. These are the ways they reduce human energy. Bleak but real. They'll never tell you this. Does it make sense why we get crisis after crisis, with no end in sight?
So the 3 trillion we owe China, along with other governments, will be defaulted on ? Say bye bye to our wonderful reserve currency called the FRN and usher in hyper inflation at light speed.
If you cancel all the debt, then you collect all the tangible things attached to that cancelled debt, otherwise you are leaving traces of that debt. It all has to be cancelled, destroyed, repo'ed, burnt. You ready for that? Be the example. Go first. We will watch.
Basing everything on gold seems very arbitrary, that system failed as well and was the cause for many wars and genocides. In a crisis, the things with the highest value are your own mind, some basic or exceptional skills and having some children to look for you when you are becoming too old for fighting and working. Of course, having something to trade is worth a lot too, but this most likely will make you also a target for violence as well. Thinking again about it, the most valuable asset would be a trustworthy and social society, as then it is more unlikely you will be the target of violance and the young workforce carries everyone. Making society based or driven by fiat money seems to be a recipe for a Mad Max scenation in a real crisis.
I was laid off for 9 months due to the 2008 fiscal swindle, and I've never recovered. I need this bust to happen, so I have a fighting shot at a family and retirement. 401k drained. Savings drained. Credit destroyed. No money to go on a date, even. And all the while my friends like to throw their pretty growing Bitcoin balances in my face, yet I view that as a transitory mechanism. Mankind shouldn't be forced into a digital monetary life. Blockchain is incredible, but the bitcoin product is unbelievably fiat as well. I bought some silver bullion.. I'm hoping that will see me through. Otherwise, what's the point. This video was very nicely done by the way. Even the non-financial savvys can digest it.
He did it in the best Interest for Interest, money for nothing checks for free, but if you know the risk what the problem. Are you saying you can’t have a legitimate ponzi scheme?
Nixon had no choice but to stop the backing of the dollar with gold... Remember: Bretton Woods pegged the dollar @$35 per oz of gold.. and European speculators were cashing in on paying a mere $35 to get an oz of gold... Gold reserves in America almost disappeared ...
@jeffreyatlee878, MY GENIOUS WORKS IN OTHERS FIELD. SO I ADMIT MY IGNORANCE IN FINANCE. THE THINGS YOU SAY ARE REPEATED BY EVERYONE. BUT I STILL DO NOT COMPREHEND WHY ABUNDANCE IS HARMFUL. YOU KNOW, ONLY BECAUSE ONE THING IS REPEATED BY EVERYONE DOES NOT NECESARILY MEANS THAT IT IS ALSO CORRECT.
@jeffreyatlee8785 FINANCE IS AN INSANE HUMAN CONSTRUCT THAT MY CONSCIOUSNESS HAS DIFFICULTY TO INTEGRATE. AND THAT HAPPENS ONLY WHEN THERE ARE ILLOGICAL PATTERNS. SO, YOU SEE, WE SHOULD BE MORE CAREFUL WHAT WE CHOOSE TO CONSIDER TRUE, CORRECT OR JUST!
@@RustyShakleford1 IT'S CHEAPER BECAUSE THE PRODUCER DECIDED TO SELL IT THAT WAY, NOT BECAUSE IT WOULD BE TRULY CHEAPER. IN REALITY BOTH HAS SAME PRICE, BUT THE PRODUCER HAS DIFFERENT SELLING POLICY FOR THE TWO PRODUCTS....RIGHT?
My real question about our governments money issue, why don’t countries who hate us stop giving us money to operate so our currency doesn’t mean anything and cripple Americas economy and government all at the same time? I believe China and Russia hold enough of our debt to not buy our new bonds and cash out their current ones.
26:04 👈 this is one of the main thesis here lol is this seriously how broken and F’d things are at this point, that we can’t even help fix anything with a serious re-structuring of better money management ? the snowball just has too much inertia ?
Basically taxes pay interest to central banks, Tbill holder's and WMDs.. Dead servitude and mental manipulation by deception using pr and Prussian ed model... Ford and Rockefeller Bloom large as do their foundations, and those of the Pentagon...
@michaelzell5905 There is a series of lectures based on a book about how the richest make the rest of the poorest and the planet life suffer to death. Buy, Borrow, Die: How the Rich Avoid Taxes The planet Earth its species can never afford billionaires or trillionaires nor heirs. They are the reason that movies about vampires werewolves and zombies are so popular and intriguing. That's why narratives about Plato's Cave and the Wachowski "Brothers", The Matrix, remains a useful extended metaphor, like a splinter in ) Y (OUR mind so to speak. The mind of the state and the state of mind in a wilderness of mirrors, smoke and endless waves or tsunamis of illogical literary and rhetorical fecal matter and the like, IMHO, et al, and so experts and officials must concur more often, AMONGST these dazed, in the land of the CONfused and CONS' Piracy. They only think they are in control. What people think of as the middle class hold all the cards, along with those economically and politically even more ignored, disrespected and betrayed by public private partnerships and so called labor management partnerships, from gentrification to globalization, politics remain local, and if we are strong locally THEY, SOUL CRUSHERS AND SANGUINE SEPARATORS, are weaker federally and globally. I CAN'T FEED THEMSELVES PROTECT THEMSELVES OR THINK FOR THEMSELVES. THEY'RE LIKE THE TIN MAN AND THE STRAWMAN WRAPPED UP IN A VERY SMALL PATHETIC PACKAGE. THE REST IS MARKETING THEY DO WHEN THEY'RE DECEPTIVE CEOS CAN'T CONFRONT YOU MORE PERSONALLY, +- IMHO, et al. The exceptions appear irrelevant, but offer hope that not only old DOGS can learn new tricks, and your little dog too. Think of the public as munchkins. Ask yourself while The Lyricist to The Wizard of Oz was blacklisted as a communist subversive, along with many others who pointed out the faults of Central banking media, company towns, war lords , landlords and robber barons. They walk amongst US are they remain in privacy and protection like 3,000 plus or minus billionaires globally, who somehow doubled their wealth and added 10% to their ranks after the economy was shut down for 2 years and 2020 20/20 is hindsight and perfect vision. It is also the year and decade of the double double crossers. X X X X U C & I V League of pho knees, TOO
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of $350k...that's like 7times more than I average on my own.
This aligns perfectly with my desire to organize my finances prior to retirement. Could you provide me with access to your advisor?
The decision on when to pick an Adviser is a very personal one. I take guidance from Rebecca Lynne Buie to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
She seems very well-educated and knowledgeable. I did an online search for her name and found her website-thanks for sharing!
I’m 52 and I live with my parents, they have pensions I don’t. I worked much harder than they did yet I have nothing to show after losing my career in 2008 and only finding piecemeal jobs at low pay with no benefits ever since. I have had to declare bankruptcy and lost all my assets. All my parents did was teach children in primary school where I had to work 80 hours a week in advertising for television that ended up costing me physical and mental health problems. Zero life / work balance. Something ain’t right. My son has been trying to make a life for himself and it’s even harder for him now than it was for me.
I'm 10 years older. I look back disappointed to see my becoming an adult started when the neoliberal economic project took hold. "A new morning in America" was the campaign slogan. Since then every support system that citizens had was undercut. Pensions went away as organized labor lost power and ability to save disappeared. I'm repeating some of the facts from the film but I lived in that world where my mother went to work to keep all the balls in the air. Not realizing how precarious my life was I was trying to stay happy earning too little. Now my world has crashed with a serious back injury and the need to chase disability from a system that might collapse before any benefit I paid into can be recoup.
Your a genX'er I'm right about the cusp between boomer and genX. Data shows we have the worst outlook for retirement of any generation of past modern economic period.
It won't be pretty if this looming problem starts to roll out when the working days begin to end. I'm staring it in the face. I've told a young niece of mine now entering adulthood - it will be really difficult for her even to buy a home.
@ I feel your pain. I’m just a sitting duck waiting for my folks to pass on. At which point I won’t be able to afford to stay in the house. I did own my own home for 15-17 years but I lost it all in my divorce… I had a bad injury that lead me to the Oxys and that contributed to my downward spiral.🌀 in order to get off the opiates I was put on benzos. That was even harder to detox from. Now I’m in the methadone and my teeth are literally disintegrating. Life is so harsh now. It used to be so simple, so glorious. I didn’t see it coming.
I feel for you my friend
I’m 39, living with my mom after loosing my job on 2020 plandemic, freelancing from home. No kids, no debt, can’t even afford pants 😂 (ok that’s a joke) but currently doing web design and branding. If you want to join forces I’m here for you 🎉 is the least we could do, help others.
@leonardoaubert are you in the USA?
A good start is getting rid of both political parties.
But no one wants to admit it
@@SOLIDSNAKE.not true. No one is capable of changing that. Even Trump is even in bed with them now too. Too much power, too much money, too much deep state.
A good start is to also cut entitlements and welfare benefits aka SS, Medicare and Medicaid. Call it spade for spade
@@nicklll4477how is that a good start? Bankrupt a generation of people who have put a lifetime of money into system designed to allow for some semblance of a safety net for retirement?
@ without those programs people will work until they die, if corporate America would even keep people on payroll at such an old age. Also, the way our debt based society is won’t allow for it. Corporate capitalism today will skyrocket prices knowing how much ss use to take and will suck up the wealth to the top making sure people couldn’t afford to put away for retirement. It’s how the Great Depression happened
Imagine what I've lived through. Born in '58, I now survive only by living with my daughter and her family. My first job paid $1.25/ hr yet I bought my first car for cash, used yes but it lasted until almost out of college. What future does my grandson have?
Same here born 1958. It’s really something to have actually lived and witnessed all the changes and to be able to tell your experiences and maybe teach the younger people a thing or two.
For me the better question is why did your daughter decide to have your grandson. I mean, how much harder does life has to get before ppl stop? Either revolt or don't have 'em, but don't bring more slaves to the plantation.
Any system based on usury will collapse in the end.
@@katiekane5247 you were born in the most fortunate of circumstances winning the best lottery in the universe and you have this living archival knowledge and experience and yet getting younger people to appreciate it is almost like giving them something like potable water why they have a deadly case of diarrhea. And so many will look at you with such prejudicial discussed as if you were a wanted criminal. This is called social engineering and it divides us from our children and our grandparents. No wonder everybody moves away from one another only to leave themselves more dependent on the system a paycheck and themselves alone.
Know that you are not alone and it pays to study the differences of the four living generations today.
There is an excellent recent release using archival material to talk about generation X in contrast to the generation before and after it and it is worth every minute. This would be ideal for someone in your circumstance and someone younger than you and your parents to watch it together. Afterwards have a nice talk. Use the methods of Dr Marshall Rosenberg and nonviolent communication for which you can find endless amounts of highly valuable lectures and group sessions. The guy might seem a little corny but he is able to resolve conflicts that are seemingly irreconcilable be they the crips and the bloods Palestinians and Israelis husbands and wives bosses and employees.
when you find your passion even in Hell on Earth you may feel something like heaven and the spiritual armor around you. For lack of better words the biblical metaphors can come in very handy understanding the ineffable Human condition and Nature Providence and Fortune .
The purpose of the media is to control and to confuse and to scare into obedience that was entrained upon using the Prussian education model that basically gets soldiers to fight when they know they're going to be eradicated pointlessly, no matter what the facts are.
This model exemplifies the purpose of foundations by the robber baron like Rockefeller and Carnegie, Koch, Gates, Langone, Zuckerberg, et al.
100 years of this history is abundantly available from all perspectives. Draw a circle around their points, and notice which points are avoided by each interest groups.
I do not recommend putting people into group a b or c because generation X for example cannot be so quantified nor sorted. And really who can be?
Fiat was designed this way. SAVE IN ₿itcoin is the only way. Look up fiat currencies versus ₿itcoin charts. You will overstand. 🫡
We've all been duped by the kazarian mafia...for centuries.
Tiny hats seething
Payback is the only thing we want
If I was Trump, I know what I'd do to eliminate the debt, and to be able to offer a basic income to each and every adult American that would involve zero taxation.
First of all, I'd hype bitcoin to drive it to insane levels, and then use our confiscated BTC reserves to use a fiat coin to pay a debt made from fiat currency. Funny how that very thing is playing out this very moment.
I'd also use my executive authority to confiscate ALL the assets of these corrupt corporations that have committed crimes against humanity. These assets now belong to the people. Forevermore, when the peopleuse the products from these companies, they would all receive dividend checks from the profits. We have now created a self-sustaining economical system that benefits the masses while minimalizing taxation.
Now let's see what's REALLY gonna happen...
@@smr4712@ smr4712 Would you happen to have a plan?
100% agree 👍🏻
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.
We have been in a depression since 2008, the yield curve has already uninverted, global recession indicators are flashing alarm for well over a year, and absolutely nobody could pull us out of the hell coming regardless of party.
i've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
’Amy Lea Kohlert a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I looked for the name online and found her page.I will get in touch with her,Thanks for the help I emailed and made inquiries. Thanks for the help
While I recognize that it would have been much much better to have never gotten off the gold standard I have to point out the obvious propaganda towards the end of the video offering up owning gold as a saving grace when this system collapses.
I don’t believe that will be the case. When this global fiat system collapses Gold as money will not be relevant for many years. The death and destruction that would follow such a financial catastrophe would leave no room for anything but the essentials for barter
food exactly and clothes
the truth is the gold/silver you buy now never be the same amount from the past
they maybe have same weight but not the gold/silver composition on them
Yeah its a bit ridiculous to think when this whole thing comes crashing down it will only be the "money system", no man, it will be our whole socioeconomical system and im genuinely terrified 😂
@@zwischendurundmoll3968you mean e-money, online payment and fintech?
Have never been outside East Africa but I fully identify with the facts expressed in this documentary. In the 70s teachers, nurses and clerical officers were able to provide for their families of 8. Today two salaries are not enough for a family of 5.
Thank you for spreading the truth. More people need to hear this. More people need to realise this
This is a repost of an old documentary (gold $1600/ounce at the time). Its a good doc and what is funny is, ar one point, one of the guests asks, "what are we going to do? Print until we are printing $2 trillion to bail out the economy?" This aged so well because his borderline sarcastic question has been answered. YES. They literally printed $2 trillion in one sweep in what was called, "the anti-inflation act." You cant make this sh=t up.
Also, I recommend reading the book mentioned here, "The Creature from Jekyll Island." Very informative.
I read that book. Totally opened my eyes.
You oddly failed to mention it was a dimocrat (spelled correctly) that did that and it was criminal Joe ...
G. Edward Griffin is a crank. He has promoted fake cures for cancer, is an AIDS/HIV denialist, marketed an illegal income tax fraud scheme (for which he was prosecuted by the IRS) and thinks we’re being poisoned by chemtrails. Oh, and he thinks he’s found Noah’s Ark in Turkey. There isn’t a conspiracy theory out there that he doesn’t like.
Ah yes the tribe "who shall not be named but wears many faces".
Imagine what would happen if the educational system DID explain how all this works.
🤫 we need more investors
It doesn't require an education to understand how this scheme works...
-it takes two minutes, to know what money should be created, and perhaps 20min to understand how Financial Manipulation works.
The education system is not for education, it’s for indoctrination and preparing children to become slaves
wont happen. that same educational system is backed by the chosenitee.
Try 1913, Jekylls island.
I still can’t believe that important of a meeting happened in my home state of all places during that time period.
@@4dhumaninstrumentality789over an ancient sacrificial alter BTW
What, it was just a bunch of bros hunting duck
@@Nate-ns3dj😉
@@Nate-ns3dj 😜😜
That was a mock hunting. The real hunting started around 1914. Their main weapon was the central bank.
I expected to leave after watching this documentary all depressed about the future. It actually kind of had a positive spin to it. Great documentary! Ty
Im not buying gold unless I can physically hold it
this program has been brought to you by GOLD
You mean BTC digital Gold
GOLD is a tangible product... Something you could really trust.
Prices are going up and wages are staying stagnant. We're stuck in the 90s in average pay . So people try and get 2 jobs. There's only 24 hours in a cycle so it's capped on hourly pay. Money is made in profits from sales. If said person can figure this out you've got to overtake the rate of inflation. So a regular job won't cut it anymore. Even 2 regular Jobs. Unlike back when gas was 30 cents a gallon.
time to get tribal. whole families living and working together. it's what my children and i are working on now. to "rent" our first house. i'm 49
Running faster only to stay stagnant on one spot.
Actually 70's & beyond.
So global economy is fast sinking into an economic recession..or worse. It’s already started and there is nothing that can turn it around…prices are going to come down
I work 3 jobs
Okay take away military finance and other debts due to funding separate entities. America could look after their citizens. But they don't give a damn
Worse: Conservatives actually believe that it is wrong / immoral to help people!!!!
@@dmkuchins6646because people that think like this don't understand economics and think the solution is to spread around other people's money. It means raising taxes that are already too high. When the problems started with handing out money to begin with, which is then laundered to the top via "charity". Funny how they always want the government to "help people " when they themselves never actually personally do anything for people. You can't write economic policy on feelings. The only thing it results in is more government involvement which is controlled by corporate interests.
Correct. And we've been paying support fiduciaries to 32 countries for decades..Including Isreal. I known for decades. I've viewed the sheets. It's astronomical. Billions every year.. We're in no way $35 trillion. It's over $265 trillion up..Their fronting the debt clock.
Default or zeroing the debt. Freeze the personal assets from actions. Retirements etc. Yhe agreement has to be global.. Look at BRICS as of now? Sure. Their back stopping with Gold..on paramount. Damn shame the street level folks are screwed.
I am purchasing land, livestock, greenhouses, firearms., ammunition, and precious metals.
Will all this spare me. No idea.
Not really. Self-sufficiency in a remote area is a somewhat sound plan, yes - though it's very capital intensive. With the amount it costs you to set all that up - including off-grid electricity and water - you could also just amass a pile of savings in diversified assets sufficient to weather anything short of a total collapse.
The firearms and ammunition are rather pointless. If the government is still around, it's not going to take kindly to you shooting intruders on your land, even if you have good reason to believe they are hostile. And if the government is not around, your little hobby-paramilitary isn't going to be enough no matter how big a pile of ammo you have. No, if you're planning for that scenario, you don't want to be on your own - you need to set up a whole self-sufficient community who can support each other.
Only need three things for survival:
1. Will to live
2. Knowledge
3. Kit
Of the three, let Knowledge lead.❤ it's freely given, shared with enthusiasm and never stolen.
You'll have to deal with property taxes. Etc. If you own it out right.. still doesn't matter in some states codes. Basically stealing your land owned .deed in hand. You'll rent that land etc. It's theft.
All this information is old. The reason they are hell bent on making it so available now is that they can hear the music coming to a stop.
On other words, they are making preparations to pull the plug and introduce the next monetary system.
All the carnage and chaos that you are imagining right now is what they are certain will take place.
What next, btc ?
nuff said… they know the pendulum swings and eventually a future generation will have to be groomed into a new system… and now they have all our data this time around which means they know exactly where to meet the consumers at
@@91659 Yep.Another Ponzi scheme.Fitting
@@91659 No Ponzi scheme there.
@@91659btc is just the shadows, when satoshi hunted by fbi they have a pact on electronic transaction and currencies
To be born here is a calamity. Body equals burden.
Great summary! Thank you!
This explains why they are attempting to move to digital currencies CBDC's, they can keep the ponzi scheme going...
This is a brilliant educational video. I love it and learned a lot.
I need your permission to make small clips of this video and share it with the world 🌍 just to ensure and contribute to fundamental financial awareness.
Please reply and look forward to it.
Thanks
Go ahead!
I don't know who needs to hear this, you've got to stop saving money. Invest some part of it, if you really want financial freedom.
Invest in bitcoin, gold, silver, buy stock, forex market, commodities. Just invest and save yourself.
Good talk, I tell my friends everyday. It's good to save money but gotta have that investing spirit if you really want financial freedom
What if you don't know how to trade any of these?
I mean, I see your point. Some people have the money and are willing to invest. But the problem is where to.
Hey dude, this is 2025. People who aren't even traders make money from the crypto and forex markets and moreover there are already financial analysts and trading experts(PhDs) who have shelled out theories and ideas for years on how bit coin technically grows
If you think you're too lazy to trade or learn how to trade, just know I have some friends who invest in a platform where and experts devotes their time and help them trade and they get paid profit every week
The Constitutional framers were the smartest people to walk this earth. No two party system. Just a Constitutional Republic and sound money. Give us our country back.
No one is going to give it to us, we’re going to have to take it.
Not really. They did a decent job, but the US constitution is full of strange compromises for reasons that made perfect sense at the time. The electoral college system perhaps chief among them - the bizarre system for electing a president was required because without it, the less-populous states would have no reason to join. They would point out, quite correctly, that if all voters were equal than they would have less power than other states with more voters in. In order to make it work it was nessicary to set up a system such that states could be more equal, at the cost of making voters less equal. The original constitution also lacked any coherent definition for citizenship, which lead to utter chaos after the civil war and had to be fixed with birthright citizenship, which continues to anger many people with strong anti-immigration views. Like all governments, the whole thing is an utter mess which somehow manages to work most of the time.
The Russians won’t have to worry about USD denominated assets… ironic that they are being saved from the dollar by the USA.
Was there a great wealth transfer during the Great Depression?
The wealth transfer was the cause of the great depression.
Yes banks picked up property's at penny's on the dollar
Fiat is a debt instrument and is a Greater Fool Theory until folks realize that only physical gold/silver meets the definition of money.
gold failed. bitcoin is the answer now.
Gold and silver are not currency, they are stores of value, know the difference
@@SirAlford money only matters because of property. You think your landlord, employer are going to offer you better deals if you stop using Fiat money? Why?
Also fiat is a french term for pseudo-money not latin as the video purports
@@someonenotnoone Spend in fiat and save in physical silver/gold!
In order for currency to behave like money, it has to circulate. If you allow hoarding while at the same time deficit spending, you are creating a recipe for disaster.
03:36 - Bretton Woods (1944)
05:35 - Nixon shock (1971)
07:53 - Fiat currency
09:50 - Ponzi scheme
11:20 - IOU bonds
16:10 - Inflation and purchasing power
21:30 - Occupy Wall Street (2008)
24:01 - Great Recession
27:00 - Money printing and bail out
33:08 - Return to gold
37:25 - Manipulation of gold prices
39:58 - Bullion banks and fraudulent accounting
While the debt is a problem, it's good to note, gold has little intrinsic value as well, the metal is useful for some things but most of its value is extrinsic. In a global collapse I'll probably keep my loaf of bread and you can keep your gold coins
You simply don't understand what GOLD is!
Gold is REAL money and not cash! It has ALWAYS been so for over 5,000 years. And right now, it hasn't changed.
The same ounces of gold have remained the same from the time of the Romans and up to date. Gold has NEVER gone down in value despite all the SUPPRESSION of it but the government. If you discover gold that was used during the time of Rome it would have MORE value. Now compare that with any currency that was created say 200 years ago. Their value have declined!
Right now (and unknown to MOST Americans) ALL central banks are buying gold and DUMPING the dollar? Why? Because they know that gold is money and not currencies. Central banks are INSIDERS and know how money works.
And that is why the wealthy PROTECT and PRESERVE themselves buying gold. So that way, their wealth does not vanish through currencies, which ALWAYS go back to zero eventually due to inflation which is what we are seeing right now.
Look around you, and you will see coin dealers are ready to buy gold and would gladly give you cash for your gold. Why? Because gold has value. Cash has no value.
Unfortunately, we grew up in America when the government has BRAINWASHED and DUPED us into believing that cash is money.
And if you follow global economic trends, you will see why BRICS, which is growing faster, are going to back their monetary system with gold and commodities. Not to mention China, Russia, India, and the rest of the world are acquiring gold unlike never before. Why? It's because the whole world is going back to gold since we now realize that currencies are not reliable and stable. Not to mention, some states in the US are now trying to switch from the dollar to gold in order to protect themselves!
Do more research on gold, and you will know the HIDDEN SECRETS of the wealthy, which unfortunately, the IGNORANT masses don't know anything about. And it's because we have been lied to and not educated about what is really money.
The government themselves know that it is gold that is money and not currencies. But they prefer currencies so they can be reckless with it. Look at what has happened since President Nixon took us away gold. They have DESTROYED the dollar by their out of control money printing. Now, we are in debt of $36 trillion and a nation of debtors. When the dollar was tied to gold, it put the government in check, and they were unable to destroy the dollar. Now, they just continue to devalue the dollar, which, as a result, is killing the citizens through inflation
Thank you. Subscribed. 😊
How are the currency exchange rates calculated?
Observation. The currency exchanges consist of speculators putting in buy and sell orders - "I'll offer this many yen for one dollar!" and "I'll take that offer!" This happens very quickly, as it's all computerised. The exchange records all of these trades as they happen and calculates the mean price at which those trade are agreed, and publish that as the exchange rate. In practice the traders are all watching that figure as it changes, and so the trades tend to cluster very tightly around it: The exchange rate controls the market at the same time as the market controls it. This keeps the rate from moving too suddenly, unless there is a serious event in world affairs like an abrupt change in government policy or a war breaking out.
Everyone needs to see this!
There is a fixable solution.. But it's gonna hurt a couple million people pretty bad. Fortunately for us, those people it will hurt the most are the ones who stole all of it throughout the years of their service to the finance institutes in the name of YOY maximization of profits and bonuses and are sitting on trillions in personal stolen retirement as a collective group.
Them trillions can fix our debt.
That’s a great looking fireplace 👍
So basically Schiff is just saying..oh i invested tons into gold and silver...and so did everyone I consulted..now please get scared and buy some gold so that the value goes up and I can sell it off at a profit.
I mean I understand the arguments and infact I side with them, but one also has to be smart and look at everything as a balance sheet. Why is someone who TRADES in gold and silver trying to say all this stuff?
It's like an epidemic.
Gold bugs and gold advertising in many influential alt media podcasts usually pro libertarian and pro DJ Trump, ... another "POTUS spinning US To Death"....
Just like eggs, milk, meat, steel, grain, wheat, beans and many many other commodities WILL keep going UP in price and in the grocery
Just as the same gold, silver, platinum, uranium, etc etc will go up - NOT because they somehow became better and more valuable - but because the monetary system has to CREATE more and more money - INFINITUM
So PLEASE, DO NOT BUY Gold !! I have to get more for cheaper and accumulate
@@doppelganger9254I don't have a need or use for gold so I am fine with you keeping it
Aint nobody get rich off buying gold and silver ill tell you that 😅
@@thegreat9481 yes because fiat (empty promises) is so much more valuable 😂
Personally, I like Capitalism. But we all knew that it couldn't last forever and that, as Karl Marx said, "capitalism contains the seeds of its own destruction". It's destroying itself now but it has been a good ride for a long time. The aftermath of this collapsing system won't be pretty but a new system will arise from the ashes after the starvation, rebellions and wars end. We live in interesting times.
As if Karl Marx is in anyway a relevant critic of economy and society in general. His semitic economics got countless millions killed and hundred of millions tortured.
When did you like it?
When you went through school so you could be a good cog in the system?
If you worked minimum wage, while you saw massive amounts of waste, destruction and apparent poverty, when all money is debt and we paid it back with our lives for no real value, what did you like about it, the results for sustainable better living as we age or a system dependent on new debt being entered into with no one able to?
It's nice to say a new system will arise but this one system going into overdive will drive the earth to 30c as an average, billions flooded out and everything we know destroyed, we might not survive as a species because of it, 90ish percent of species won't, what exactly are you comparing it against to say you like Capitalism?
Well said @@antonyjh1234
The fake money scheme was ostensibly good for a handful of people, but horrible for the vast majority including future generations because of all the wars and vast environmental destruction caused by the pertual growth insanity. I don't think theres a good financial system for large markets because no matter which one is used, it will be controlled by psychopaths while the meek inherit the shaft. That's unfortunately how humanity works.
It would have been fine if we kept the ideals of the 50s and 60s regarding we make it our self we sell it to our selfs and we trade what's left over. Allowing corporations to just tuck tail and run to a different country and then sell us the same product while trying to tell ourselves its American made. It did not hurt that manufacturing was basically dead in Europe after ww2
wow great video. but at the end you said buy money. and get out of currency. are you taking about gold and silver. how do i buy money
As long as humanity chooses a purely egoistic economic path, the elites will completely dominate. Its perhaps similar to the prisoners dilemma in game theory. Enlightened self interest or self interest which perceives our basic interconnectivity or interdependence is essential
This is exactly why the founding father of the US put in the constitution that "nothing but gold and silver shall be money." They knew the dangers of fiat currencies
Where???
@dmkuchins6646 article 1 section 8. Clause 5
Completely agree 👍🏽 great video
Ayo bro.. Long time no sea. Sup
Whatever happened to "temporarily "
If you are able to purchase gold with the dollar, how is this not an exchange.
Foriegn governments can set up pawnshop and mine the gold through currency exchange all day long.
Can't eat gold.
Pocket full will weigh you down.
Most counters are not equipped to barter in gold.
At least gold holds value
Easier to make a stop at my bullion dealer and trade some gold for cash before shopping than watching my purchasing power melt away
@carsonfischer2116
Your bullion dealer must work for free?
If you have to "stop at", this implies your time has no value?
What ever blows your skirt up?
@ takes 5 minutes to make a trade
I live in a small town so it’s not out of my way or anything
Such a small amount of my time is definitely worth the returns I’ve seen since getting involved with metals, I’ve been able to keep up with and beat inflation over the last 4 years. You can get the same returns with smart stock investments but you spend at least the same (likely more) time managing those.
Anyways, not trying to convince you on metals just sharing my experience
@carsonfischer2116
80% of the population have little to sit invested in metals.
Be sure to spend it all.
Don't cheat yourself and leave it behind.
Faith
In
America's
Treasury
The return to sound money - Goldback Inc
The greater problem is that the Fed factors in a 2% inflation rate (due to monetary growth) regardless of economic circumstances. It should attempt to keep money growth around zero. That would keep prices at stable levels.
16:00 No, because the currency The US dollar gets devalued by printing and paying back, so the products of the us would be cheaper for a term or the US has to sell some stocks of their companies or some equity of their citizens or some land. So no ponzi system without equity. It is only a system of equity you can buy with the dollars that are printed.
17:30 The problem is not the high price of oil. It is the low price of work It is the productivity of the work of the worker that goes down, because the the worker gets less money for the work, because the rich pay them less, because they have chosen to pay an chinese worker.
It is not a problem of printing currencies.
It is a problem of printing cheaper workers.
Peter Schiff doesn't understand simple economics. Oleo does.
Time to go to Mars....let's send all the politicians
And central banksters
I agree with sending someone to mars, but it’s not the politicians doing this. We must understand that in a capitalist economic system, politicians are the servants of capital - not us. The problem is NOT the politicians. The problem is who the politicians SERVE, which is the capital class. An arbitrary group of people who get to own and control the resources and information we all depend on, for their own personal short term gain. They corrypt our politicians.
send elon to mars and make sure to poke a small hole in the fuel tank on his way out.
so the only thing we can do is buy gold is what this thing is saying. physical gold. correct?
that would mean that we have to store it and protect it via force
correct??
I wonder why people who are CEO of companies that trade in gold are promoting buying gold. Gee…. 🤔
Good vid
Unsolved Mysteries in a Body, with an
OCEAN OF WISDOM
❤
DEPLORABLE AND INTENDED HARM
28:00 BRICS some nations could not take it anymore
Brics don't have the 5 richest company in the world just wait til we ping the dollar to our A.I and data Power
Repackaged video.
Never put your money in banks or hold as money
Have yall seen the purchasing power chart since that ridiculous decision?
I hear these gold bugs allot and I entirely agree with them but I am always left wondering when it is worth it to buy gold rather than build a business or buying property. If your position is established and you have piles of excess capital sitting around it is a no brainer but if your a middle class dude still trying to break out of the rat race at what point to you accept being stuck where you are until things collapse and just start hoarding gold/silver?
The answer is obviously buy land. With gold on it.
It’s a matter of timing. Businesses and property are both great options but where the economy stands right now neither are viable (unless you have a great business idea or tons of capital)
While gold bugs have a point, focusing SOLELY on hoarding gold/silver might mean missing out on BIGGER opportunities. Building a business or investing in property can offer GREATER wealth creation and potential for a more SECURE future. Don't put ALL your eggs in one basket!
And the potential for greater returns and more diverse opportunities when compared to solely hoarding precious metals.
Ps i love gold 🥇
The QUESTION IS : WHO IS THE ACTOR TO CALL THAT CONFERENCE FROM THE BIGINING ?
So a what's ya saying should I just run out and buy some gold. It's unfortunate trust has been decimated I mean obliterated . So are you giving good advice or trying to sell gold?
Make it make sense... you said that multiple people could own the same ounce of gold. So how do you buy gold confidant that it belongs to you alone?
He said, "If you can't hold the GOLD, you don't OWN the GOLD." ( he said there's a certain amount of GOLD, & not these groups of people can own, the same ounces.)
Doesn't someone also just decide the price of gold pretty much out of thin air? If the value of gold rises and falls like every other currency doesn't that make it fiat but in a different form? I feel like this is just a huge chicken and the egg problem. I get that it's a physical asset but it is one with value assigned to it
You can’t print Gold.
@@Handle_Edityou can't, but that dosent answer the very interesting question that was asked
There are multiple times.of paper gold and silver traded every day by the top exchanges then there is mined gold
They deliberately keep the price down
It's always fit the definition...
That seems likely, @NewsforthePoor.
If the currency is worthless, why not just cancel all the debt and start over?
You cancel the debt better erase the money created from it..who going to give that up with 1% holding the most.
They do, but that's why you always get wars and pandemics when debt becomes so unsustainable. When you can't balance the money supply and finite resources, you directly reduce human energy to offset the debt, which is then written off. Countries never pay their debts off, they just inflate it away, write it off by exporting debt to regional conflicts or you get world wars and major pandemics. These are the ways they reduce human energy.
Bleak but real. They'll never tell you this. Does it make sense why we get crisis after crisis, with no end in sight?
So the 3 trillion we owe China, along with other governments, will be defaulted on ? Say bye bye to our wonderful reserve currency called the FRN and usher in hyper inflation at light speed.
If you cancel all the debt, then you collect all the tangible things attached to that cancelled debt, otherwise you are leaving traces of that debt. It all has to be cancelled, destroyed, repo'ed, burnt. You ready for that? Be the example. Go first. We will watch.
I accept your terms.
If currency is fiat, then debt is fiat
Basing everything on gold seems very arbitrary, that system failed as well and was the cause for many wars and genocides.
In a crisis, the things with the highest value are your own mind, some basic or exceptional skills and having some children to look for you when you are becoming too old for fighting and working. Of course, having something to trade is worth a lot too, but this most likely will make you also a target for violence as well.
Thinking again about it, the most valuable asset would be a trustworthy and social society, as then it is more unlikely you will be the target of violance and the young workforce carries everyone. Making society based or driven by fiat money seems to be a recipe for a Mad Max scenation in a real crisis.
Try 1694 Bank of England.
It’ll all work out.
Where does Milei come into this?
I like to think of the global economy as multi level marketing.
The founding fathers would of had went to war again but here we r, enslaved by the ppl we left in europe. 😢
As a protective measure, how does one buy gold if the bookkeeping is fraudulent?
Thx now to GESARA, QFS and BRICS+
IT'S ABOUT TIME!
Why are you stealing someone else's work and posting it
Everyone is scamming lol
Haha
Many RUclips channels have the right to download this movie. The only important thing is to show it.
Y R U GAY
So losers like you can cry
I was laid off for 9 months due to the 2008 fiscal swindle, and I've never recovered. I need this bust to happen, so I have a fighting shot at a family and retirement.
401k drained. Savings drained. Credit destroyed. No money to go on a date, even.
And all the while my friends like to throw their pretty growing Bitcoin balances in my face, yet I view that as a transitory mechanism. Mankind shouldn't be forced into a digital monetary life. Blockchain is incredible, but the bitcoin product is unbelievably fiat as well.
I bought some silver bullion.. I'm hoping that will see me through. Otherwise, what's the point.
This video was very nicely done by the way. Even the non-financial savvys can digest it.
He did it in the best Interest for Interest, money for nothing checks for free, but if you know the risk what the problem. Are you saying you can’t have a legitimate ponzi scheme?
I have a currency note from Zimbabwe. Its like one trillion dollars or something like that
Is this what they mean when they say “sold down the river”
Scary but true.
"temporarily"
Nixon had no choice but to stop the backing of the dollar with gold...
Remember: Bretton Woods pegged the dollar @$35 per oz of gold.. and European speculators were cashing in on paying a mere $35 to get an oz of gold... Gold reserves in America almost disappeared ...
great doc!! who's the narrator? Peter Kreeft?
I told my peers, the way theyll fix inflation and national deficit is by moving the decimal place forward 3 spaces
Wait, do people still think the economy is fair and honest?
The science promotes the overwhelming need to consume.
40 acres and a mule anyone? 😂❤
Yes!
@bicyclist2 watch for those carpet baggers. Lol
This is only a problem to the people who own the gold
…. exactly!
I DO NOT GET ONE THING:
WHY NEW MONEY DEVALUE OLD MONEY?
My understanding is that new money adds to the total money supply thereby devaluing the unit currency by its abundance
@jeffreyatlee878, MY GENIOUS WORKS IN OTHERS FIELD. SO I ADMIT MY IGNORANCE IN FINANCE.
THE THINGS YOU SAY ARE REPEATED BY EVERYONE.
BUT I STILL DO NOT COMPREHEND WHY ABUNDANCE IS HARMFUL.
YOU KNOW, ONLY BECAUSE ONE THING IS REPEATED BY EVERYONE DOES NOT NECESARILY MEANS THAT IT IS ALSO CORRECT.
@jeffreyatlee8785 FINANCE IS AN INSANE HUMAN CONSTRUCT THAT MY CONSCIOUSNESS HAS DIFFICULTY TO INTEGRATE.
AND THAT HAPPENS ONLY WHEN THERE ARE ILLOGICAL PATTERNS.
SO, YOU SEE, WE SHOULD BE MORE CAREFUL
WHAT WE CHOOSE TO CONSIDER
TRUE, CORRECT OR JUST!
The same reason it's cheaper to buy a 50lb bag of flour per unit compared to a 1lb bag
@@RustyShakleford1 IT'S CHEAPER BECAUSE THE PRODUCER DECIDED TO SELL IT THAT WAY, NOT BECAUSE IT WOULD BE TRULY CHEAPER. IN REALITY BOTH HAS SAME PRICE, BUT THE PRODUCER HAS DIFFERENT SELLING POLICY FOR THE TWO PRODUCTS....RIGHT?
This is the most terrifying thing I have seen in the last 10 years 😂
This is a about 12 years old but a lot of this still stands but we are very much trying to decouple from Chinese goods
OK. What will happen to global economy if all currencies are removed?
We all go back to singing kumbaya in nature and live on communes. Watched over an managed by philosopher kings
My real question about our governments money issue, why don’t countries who hate us stop giving us money to operate so our currency doesn’t mean anything and cripple Americas economy and government all at the same time? I believe China and Russia hold enough of our debt to not buy our new bonds and cash out their current ones.
I think they're all in it together and stand to lose something if that was to be done.
@ maybe but those two are a huge driving force behind brics and getting away from the dollar. By 2030 they’ll be away from it completely?
Well your problem is that you were manipulated into thinking they HATE EACH OTHER, WHEN IN REALITY THEY ARE ONE BIG FAMILY PLAYING MONOPOLY
I thought that slavery and serfdom was abolished and freedom democracy and rule of law prevails my concern is where?
You thought wrong
Democracy is the final form of government before slavery and serfdom . --Plato
what do you do after you cancel everyone
The system has become a cancer.
26:04 👈 this is one of the main thesis here
lol is this seriously how broken and F’d things are at this point, that we can’t even help fix anything with a serious re-structuring of better money management ?
the snowball just has too much inertia ?
Basically taxes pay interest to central banks, Tbill holder's and WMDs..
Dead servitude and mental manipulation by deception using pr and Prussian ed model... Ford and Rockefeller Bloom large as do their foundations, and those of the Pentagon...
The point is the ever expanding debt is a feature, not a bug. If you pay it off the system collapses.
@michaelzell5905
There is a series of lectures based on a book about how the richest make the rest of the poorest and the planet life suffer to death.
Buy, Borrow, Die: How the Rich Avoid Taxes
The planet Earth its species can never afford billionaires or trillionaires nor heirs.
They are the reason that movies about vampires werewolves and zombies are so popular and intriguing.
That's why narratives about Plato's Cave and the Wachowski "Brothers", The Matrix, remains a useful extended metaphor, like a splinter in
) Y (OUR mind
so to speak.
The mind of the state and the state of mind in a wilderness of mirrors, smoke and endless waves or tsunamis of illogical literary and rhetorical fecal matter and the like,
IMHO, et al, and so experts and officials must concur more often, AMONGST these dazed, in the land of the CONfused and CONS' Piracy.
They only think they are in control.
What people think of as the middle class hold all the cards, along with those economically and politically even more ignored, disrespected and betrayed by public private partnerships and so called labor management partnerships, from gentrification to globalization, politics remain local, and if we are strong locally THEY, SOUL CRUSHERS AND SANGUINE SEPARATORS, are weaker federally and globally. I CAN'T FEED THEMSELVES PROTECT THEMSELVES OR THINK FOR THEMSELVES.
THEY'RE LIKE THE TIN MAN AND THE STRAWMAN WRAPPED UP IN A VERY SMALL PATHETIC PACKAGE.
THE REST IS MARKETING THEY DO WHEN THEY'RE DECEPTIVE CEOS CAN'T CONFRONT YOU MORE PERSONALLY, +- IMHO, et al.
The exceptions appear irrelevant, but offer hope that not only old DOGS can learn new tricks, and your little dog too.
Think of the public as munchkins.
Ask yourself while The Lyricist to The Wizard of Oz was blacklisted as a communist subversive, along with many others who pointed out the faults of Central banking media, company towns, war lords , landlords and robber barons.
They walk amongst US are they remain in privacy and protection like 3,000 plus or minus billionaires globally, who somehow doubled their wealth and added 10% to their ranks after the economy was shut down for 2 years and 2020
20/20 is hindsight and perfect vision.
It is also the year and decade of the double double crossers.
X X X X
U C & I V
League of pho knees,
TOO
Silver is the currency. Allways was.
Where is the safe heaven to put our savings?
Savings? What's that 🤔
Catherine Austin Fitts at Solari has the best insight IMO