Really wish channels like this would stop calling it “state capitalism”. It’s a clear move towards socialism at the best; communism at the worst. Call it for what it is.
State capitalism uses state power and a regulated, controlled economy to benefit share holders along with or at the expense of other interests. Socialism puts ownership in the hands of the state and expropriates share holders. Both systems are suboptimal, and as the state gets more involved in capitalism, the outcomes of state capitalism and socialism are similar.
Went to buy a half oz gold bar yesterday at local bank in Singapore. An Indian Banker next counter to me scooped up a massive 4 kilos of gold. It was 40 x100g bars. Omg
At present, the most prudent consideration for everyone should be diversifying their income sources, ones not reliant on government support, particularly given the ongoing global economic challenges. This remains an opportune moment to explore investments in assets like gold, silver, digital currencies such as Bitcoin, Ethereum, and XRP, thanks to Flora Elkin for her guidance in these fields her proficiency is outstanding
It is really refreshing to see a comment about Flora Elkin.I have worked with her also for months now, reached out after reading more about her on the internet. she simplifies matters, whether it's a market surge or drop; her approach consistently keeps you ahead of the trend, She's a guru i'll say
Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary
Nice to see this here, Flora Elkin's understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. her siignals are top notch
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Flora's insights. It's akin to finding a diamond in a coal mine.
If you're going to leave Canada, as I did, go all the way and relocate to somewhere with a lower cost of living outside of North America. Just my opinion.
Canadians just bought the new house at the end of our street that sat on the market for over 200 days. $335K USD, no pool and under 2,000 square feet. Yes, it's in Florida.
@@livinthedream7714and 3 of my relatives died after getting the shots. What’s your point? Should I say it’s not effective? It was effective AND the measures put forth by federal government were disgusting.
Milei couldn't dollarize because there simply weren't enough dollar reserves in the country, Hanke should know that. Milei doesn't want to actively dollarize anymore, that's true, but the introduced freedom to pay thing in whatever currency you like - peso, bitcoin, dollar. Hence, since the confidence in the peso is low, people will prefer other means of pay and the peso will start to loose importance and perhaps dissapear totally. Thats much better than Argentina giving up it monetary sourverignity.
1st heard about Mr. Hanke on Max Keister before he married Stacy. Didn't always agree with his positions. But, respected his points of view. I think he genuinely believes his ideas. Not lier masked behind a journalist view.
@@drmodestoesq Even German tv usually a mouthpiece of the government says excess mortality rate (from all causes) in Sweden was the lowest in the EU. Obviously statistics are open to interpretation. They had more Covid deaths. The question follows: What is a covid death? If somebody with a remaining life expectancy of 3 months dies during a Covid infection, what ist the main cause? Weak heart? As Steve said , you have to put the Covid risk in perspective, We have around 3000 deaths because of traffic in Germany and estimated 10 000 to 20000 deaths due to hospital infections. Should we close the hospitals and ban cars? By the way every test has false positives, say 5%. If you test all deaths like they did in Italy you get "Covid deaths" from the false positives.
Canadians have already left Canada and the numbers keep growing ! Now is the time to invest in Canada while prices are low and will lift off when soy boy is gone October 2025
Maybe…. As a person living in Canada, I have dual citizenship. I love America but am concerned about the country direction. Canada is just plain pathetic. Very difficult decision.
Right now is a good time to invest in Canadian natural gas producers IMO. Good dividends, if they had to adjust their dividend to match the record low gas prices then they already have, LNG export terminal about to come on stream, nat gas prices set to recover, over the next year, and Justin gone in October 2025.
I think people are far too confident that the Liberals will no longer be in power come the next election, or that the next government will be any better.
@@CommodityCulture people are sick of liberals and if re elected ( not likely) there will be riots in the street much worse than the idiots protesting today , more so if the conservatives don’t live up to their policies they’ve been preaching
Misconception of Canadian Capital Gains Tax There's a common misconception that the government now takes 66 cents of every dollar made in capital gains. This is incorrect. Under the old system, 50% of the capital gain was taxable. For example, if you bought a property for $400,000 and sold it for $700,000, you made a $300,000 gain. Half of this, $150,000, was considered profit for taking the risk, and the other half was taxable income. If you had $100,000 room for RRSP contributions, you would be taxed on $50,000, resulting in approximately $15,000 in taxes on a $300,000 gain. Under the new system, two-thirds of the gain is taxable. This means $200,000 of the $300,000 gain is taxable. With the same $100,000 RRSP contribution, you now have a $100,000 taxable income, leading to approximately $35,000 to $40,000 in taxes on a $300,000 gain.
Wow, you are in the major league now. Dr Hanke is “heavy duty” lol. Good for you. 39:40 “there is not much upside ..” there are $7T sitting on the sideline waiting to be deployed. Fundamentals or not, if even part of that money goes in, mkt will go PARABOLICALLY UP … before it crashes with high interest on massive debt, and the fragility Covid had caused the economy. Pls comment.
Bull… the only businesses left in Canada are those that had to be local, like construction, medical and other services. So… this tax increase will punish those and it could be beneficial to population en large… except it all will be wasted/transferred to government affiliated cronies. That’s all it is. Another money grab
What would blow his thesis about the dollar be in the clear shirt and the dirty laundry is all the brics would have to do and come out with the currency that would be backed by gold. And that would be the end
America has the cheapest energy costs in the world. Try living in Canada or any other country… I really wish that they would stop crying about the cost of gas. I want to move to Palm Springs but for now I will stick it out. Much better weather by far….
Really wish channels like this would stop calling it “state capitalism”. It’s a clear move towards socialism at the best; communism at the worst. Call it for what it is.
Well, if they gonna call it like it’s supposed to be, they gonna shut them down. This is your answer.
State capitalism is called fascism.
I don't disagree with your sentiment but I allow my guests to define things however they'd like.
@@CommodityCultureFreedom of choice; freedom of speech.
State capitalism uses state power and a regulated, controlled economy to benefit share holders along with or at the expense of other interests. Socialism puts ownership in the hands of the state and expropriates share holders. Both systems are suboptimal, and as the state gets more involved in capitalism, the outcomes of state capitalism and socialism are similar.
Went to buy a half oz gold bar yesterday at local bank in Singapore. An Indian Banker next counter to me scooped up a massive 4 kilos of gold. It was 40 x100g bars. Omg
At present, the most prudent consideration for everyone should be diversifying their income sources, ones not reliant on government support, particularly given the ongoing global economic challenges. This remains an opportune moment to explore investments in assets like gold, silver, digital currencies such as Bitcoin, Ethereum, and XRP, thanks to Flora Elkin for her guidance in these fields her proficiency is outstanding
I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this.
It is really refreshing to see a comment about Flora Elkin.I have worked with her also for months now, reached out after reading more about her on the internet. she simplifies matters, whether it's a market surge or drop; her approach consistently keeps you ahead of the trend, She's a guru i'll say
Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary
Nice to see this here, Flora Elkin's understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. her siignals are top notch
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Flora's insights. It's akin to finding a diamond in a coal mine.
This is the professor who alone destroyed a bunch of bit ponz scam pumpers/holders, I like him !
So if you move from Canada to Florida to escape taxes you wind up getting insuranced to death in Florida.
And property taxed to the bones
And then there's the hurricanes.
If you're going to leave Canada, as I did, go all the way and relocate to somewhere with a lower cost of living outside of North America. Just my opinion.
@@CommodityCulturewhere did you go???? I have established a home in the Caribbean…. Montserrat. Low population… low crime.
@@CommodityCulture I'm in Curacao right now. It won't be my home, but life is better here.
Canadians just bought the new house at the end of our street that sat on the market for over 200 days. $335K USD, no pool and under 2,000 square feet. Yes, it's in Florida.
I sincerely question his study of covid lockdowns and the benefits
AGREED
I don't think it takes a detailed study to determine how utterly ridiculous lockdowns were.
@@CommodityCulture I find it totally ridiculous that two of my unvacinnated friends felt the same, and died
@livinthedream7714 I'm skeptical that covid was as lethal as the mass psychosis of the profit thirsty, pharna funded corporate media portrayed
@@livinthedream7714and 3 of my relatives died after getting the shots.
What’s your point?
Should I say it’s not effective?
It was effective AND the measures put forth by federal government were disgusting.
Should we draw a distinction between a reserve currency & a unit of account?
Milei couldn't dollarize because there simply weren't enough dollar reserves in the country, Hanke should know that. Milei doesn't want to actively dollarize anymore, that's true, but the introduced freedom to pay thing in whatever currency you like - peso, bitcoin, dollar. Hence, since the confidence in the peso is low, people will prefer other means of pay and the peso will start to loose importance and perhaps dissapear totally. Thats much better than Argentina giving up it monetary sourverignity.
How would sanctions, tariffs, quotas differ from each other?
1st heard about Mr. Hanke on Max Keister before he married Stacy.
Didn't always agree with his positions.
But, respected his points of view.
I think he genuinely believes his ideas.
Not lier masked behind a journalist view.
For sure, whether you agree or disagree with him, you have to respect the work he's done and his conviction.
How many of those 14 currencies were fiat?
Sweden somehow survived without lockdowns. 👍👍 for looking into this
They had a much higher per capital mortality rate than Norway and Finland.
And North Dakota. They didn't shut down anything, ever. afaik
@@drmodestoesq Even German tv usually a mouthpiece of the government says excess mortality rate (from all causes) in Sweden was the lowest in the EU. Obviously statistics are open to interpretation. They had more Covid deaths. The question follows: What is a covid death? If somebody with a remaining life expectancy of 3 months dies during a Covid infection, what ist the main cause? Weak heart? As Steve said , you have to put the Covid risk in perspective, We have around 3000 deaths because of traffic in Germany and estimated 10 000 to 20000 deaths due to hospital infections. Should we close the hospitals and ban cars? By the way every test has false positives, say 5%. If you test all deaths like they did in Italy you get "Covid deaths" from the false positives.
@@drmodestoesq BS!
@@drmodestoesq statistics says that in 2020 an 2021 a less people died in the world then ever before in human history
What does he think about the infamous Eurodollar market?
How will earnings grow during a recession?
Was DXY’s highest print in 09/2022? Really?!
Canadians have already left Canada and the numbers keep growing ! Now is the time to invest in Canada while prices are low and will lift off when soy boy is gone October 2025
Maybe…. As a person living in Canada, I have dual citizenship. I love America but am concerned about the country direction. Canada is just plain pathetic. Very difficult decision.
Right now is a good time to invest in Canadian natural gas producers IMO. Good dividends, if they had to adjust their dividend to match the record low gas prices then they already have, LNG export terminal about to come on stream, nat gas prices set to recover, over the next year, and Justin gone in October 2025.
I think people are far too confident that the Liberals will no longer be in power come the next election, or that the next government will be any better.
@@CommodityCulture people are sick of liberals and if re elected ( not likely) there will be riots in the street much worse than the idiots protesting today , more so if the conservatives don’t live up to their policies they’ve been preaching
Is the Federal Reserve or Treasury buying gold? If not why not?
All by design...
The Professor always a great job. Thank you.
Thank you for watching!
Purchasing power drops dailey. Currency always goes to zero.
Misconception of Canadian Capital Gains Tax
There's a common misconception that the government now takes 66 cents of every dollar made in capital gains. This is incorrect.
Under the old system, 50% of the capital gain was taxable. For example, if you bought a property for $400,000 and sold it for $700,000, you made a $300,000 gain. Half of this, $150,000, was considered profit for taking the risk, and the other half was taxable income. If you had $100,000 room for RRSP contributions, you would be taxed on $50,000, resulting in approximately $15,000 in taxes on a $300,000 gain.
Under the new system, two-thirds of the gain is taxable. This means $200,000 of the $300,000 gain is taxable. With the same $100,000 RRSP contribution, you now have a $100,000 taxable income, leading to approximately $35,000 to $40,000 in taxes on a $300,000 gain.
Yes I'm aware of this but you're right, it is a misconception I see floating around on social media.
Wow, you are in the major league now. Dr Hanke is “heavy duty” lol. Good for you.
39:40 “there is not much upside ..” there are $7T sitting on the sideline waiting to be deployed. Fundamentals or not, if even part of that money goes in, mkt will go PARABOLICALLY UP … before it crashes with high interest on massive debt, and the fragility Covid had caused the economy. Pls comment.
Bull… the only businesses left in Canada are those that had to be local, like construction, medical and other services. So… this tax increase will punish those and it could be beneficial to population en large… except it all will be wasted/transferred to government affiliated cronies. That’s all it is. Another money grab
What would blow his thesis about the dollar be in the clear shirt and the dirty laundry is all the brics would have to do and come out with the currency that would be backed by gold. And that would be the end
And what's the likelihood of that? Zero, because all these broke nations joining brics, would never hand over the gold.
America has the cheapest energy costs in the world. Try living in Canada or any other country…
I really wish that they would stop crying about the cost of gas.
I want to move to Palm Springs but for now I will stick it out. Much better weather by far….
The cheapest electricity in Northr America is in Quebec. Nearly 100% hydro. It may have changed recently, that was 2021. But they're very competitive.
RFK is the only competent person for president ❤❤❤❤❤
All the way with RFK
TL;DR (watch/listen). Told you, life is too short to listen to one channel for an hour. Or less with your BS. I'm out.
Please don't come back, my channel is not for you.
@@CommodityCulture Unsubbed when I posted the comment. Thanks for your permission ya waste of time.
@@user-km3pk1pu7hDid the professor give you an F and you're still sore a out it?
@user-km3pk1pu7h bye felicia
This guy is wrong
What a profound comment, must be awesome to know everything.