WARNING: Global Recession and Economic Collapse (with Brent Johnson, Dollar Milkshake Theory)
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- Опубликовано: 1 мар 2024
- A global recession has started, economic crash ahead as the U.S. debt crisis worsens. Brent Johnson says "never experienced a more uncertain time".
Follow Brent @MilkshakesPod
#housingmarket #globalrecession #useconomy
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One of the smartest young bloke on the block currently 🌏🧨
Once you see the FED pivots, wait 6 to 18 months for the economy to hit bottom and then deploy all your cash before it gets inflated away.
"""Not only one of the best voices on utube, but Mr Sachs is one of few I listen to concerning real-estate and our economic condition. His integrity is impeccable...and his questions are always on point!"""
Thank you 🙏
@@SachsRealtyTimestamps?
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From my observation and historical market pattern, there might be a bit of turbulence in the market coming up, but here's the deal: Trying to guess what's going to happen next is less important than spreading your bets when trading and thinking long term. It's not about guessing the market's next move; it's about playing it smart and steady...managed to grow a nest egg of around 100k to a decent 732k in the space of a few months... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
She's often interacts on Telegrams, using the user-name.
@Lindawilburn
I appreciate the professionalism and dedication of the team behind Linda’s trade signal service.
Linda gave me the autonomy I need to learn at my own pace and ask questions when I need to she so accommodating.
When it comes to investing, we want our money to grow with the highest rates of return, and the lowest risk possible. While there are no shortcuts to getting rich, but there are smart ways to go about it.
I got a call from my landlord with a $500 increase on my rent as of May 1st, I live in Miami, lived in the same house for 5 years now. I am not in a position to buy at the moment, I work hard and it seems the harder I work the less money I see, I have two kids so I cannot work anymore hours or I'll never see them. I've given up on buying a home to be honest, especially here where Im close to my family. Not being negative just realistic. Ive visited PR a few times, beautiful place, beautiful people. BTW I love your podcasts, you are very in tune with 'us', regular people. Keep up the great work, god bless!
Sorry to hear about your situation. I lived in Miami Lakes but eventually had to leave due to the rise in rent. One of the hardest decisions of my life because I loved the area, but just couldn't keep up anymore. Just know, you're not alone. Stay strong.
And that’s why I believe rent control will become a reality. It didn’t have to go up that much and I’m surprised they are still increasing rent by that amount.
Sometimes landlords wait and wait not wanting to raise the rent then they see what kind of hole they are in with expenses vs rent and have to make a big one. We used to be a landlord of 6 units and tried to do small increases every year to avoid that. I had a lady move out over $30 a month increase on a $900 rent.
@@erinsweet8147 I completely understand him, he did mention that this is a business to him, this is how he supports his lifestyle, I've had 4, $100 increases in the last few years. Again, this is his house so I cannot be angry with him, it is his house.
Thank you so much! Good luck to you!@@philp3234
The regular people like me are buying less and paying more on bills and everyday things...drain on everyone and that's where the regular people are at.
Congratulations on reaching 100K subscribers! Well deserved for such insightful content. Keep up the great work!
Thank you 🙏 🙏🙏 I appreciate all of you.
@@SachsRealty no offense, but you left out entirely: "...by 2030 you WILL own nothing..." in your analysis... nothing planned is for "turning things around" ...and ALL those you say are "not the brightest making these decisions" ARE PUPPETS.
speak a little MORE truth.
It is nonsensical content designed to convince uneducated people of BS.
I feel sorry for the generation that gets caught up when this system no longer works and printing money no longer fixes anything.
They need to not print no more
No more printing for the government.. just like a new president made it illegal for a central bank to print any money for the government and said it was stealing from future generations and the poor and Middle class
It’s failing now. A sign of this is when the average person can no longer afford the average lifestyle.
@jamesa.smithesq.7794 Don't worry, our generation will come for you
You will own nothing, and you will be happy. -WEF
Brent Johnson was a great guest. He spoke well!
We’ve been in a silent recession since 2019… when we came out of the pandemic we entered a slowly increasing depression. That’s what I think.
US debt is now increasing at the rate of $1 trillion every 100 days. Combine this with the impending collapse of banks due to falling commercial real estate values, a financial collapse is inevitable. The only question is when it will happen.
Bret’s theory happend we are at the end!!!
Too late for most
Is Bret a Fed? I think yes
April.
As long as the Pentagon stays in control with wars wiping out human life completely agree (US) dollar remains strong and long. Blunt force is needed to force all to trade the USD
😳
Libya is a prime example
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless." - Thomas Jefferson
Can we just talk about how this country is literally decimating the millennial and generations after in areas of security and financial prosperity!? Older generations have literally stolen our futures from us and no one seems to care or talk about how we are drowning. We are literally the forgotten generation.
I really liked and appreciated Brent’s candid responses and perspectives on things. It was really real and honest especially about the Putin thing.
The only way to get around this is to create assets! Because the sum of the parts can be less than the whole and that is where you get ahead. Think doing up an old collector car, or building a house on land. This also helps get around some taxes.
Moved to SE Asia, where retirement living is simple, enjoyable, and affordable. My entertainment is watching the world chaos with a cocktail on the beach. ⛱️ But I still love my country. 🇺🇸
Thanks for the in-depth discussion. Liked and subscribed for long time! 👍✅️
Cheers amigo 🍹
34 trillion that we can never pay back !!!
Never 👎
it's not $34 T. It's 125% of GDP
Keep printing money to give to other countries and keep paying to house illegals, pay their food and health care, absolutely brilliant
@@mikewu9483which is what ,Biden just tied the hands by taking thousands of minerals land off the market ,so there will be less of a profit for USA gdp.
@@mikewu9483GDP is annual. The debt is the current total. If you want to compare like to like it would be interest payments as a % of GDP.
Since a currency issuer doesn't have to source what it creates (it IS the source) interest payments are as easy to make as creating dollars for any other purpose.
The US has never missed a debt payment. It's always paid. As a consequence US debt is desired all over the world. All the blather about the US never paying can be ignored. It's true the US won't tax the debt total back, but it's obvious that it's a feature and not a bug.
And Mr. Sachs, you're one of the few show hosts around that asks the real questions about the ills of our financial system and its practitioners, including the regulators, the Fed and the politicians. Thank you.
Thanks for your comment 🙏
The problem with gold is, it's hard to buy, its costly to buy, and it's costly to store and you have to trust the storage spaces to actually hold your gold! And physically holding gold is risky AND hard to deal with
I’ve said the same thing.
I buy it physically at my local dealer. They're all over, just takes a quick Google search
My Dad thought he hid his gold in a “ safe” place. It was hidden in a secret compartment in the wall not far from the water heater. A workman found it. Last month I transferred funds into a CD that I can make withdraws for up to 12 months without penalty.
why so? all you have to do is buy it locally, without showing an id or letting the seller see your vehicle plate number, it can be scattered/hidden/buried. Wearing a gun, being very fast with it and being a black belt are necessities anyway. I'd NEVER leave my gold in anyone's hands but mine. That's craziness and totally against all reason to buy it in the first place.
just cause some people are stupid doesn't mean everyone else is. The last place your gold should be is in your home or back yard. It should be scatter-buried in many places.@@NuNugirl
The FED printed almost 9 Trillion, what could go wrong 🙄
😂an extra 20 T of QE which is coming
@@leinad5243 😭
Nobody knows what will happen until it's over.
Hindsight is always crystal clear. 💪
Speak for yourself
An outstanding and knowledgeable guest. He’s the best balance of where we are, how we got here and where we might be heading than all of the one sided saber rattlers out there.
Unemployment has to rise soon and then its over for everything
Only thing we have going now are good jobs. Stay tuned.
The company that owns Outback Steakhouse is closing 41 restaurants in their wider brands. More layoffs and this time in the “strong” hospitality sector.
You cannot have all these layoffs and not have a negative effect on the economy.
The dollar staying up is just amazing with $1 now is worth $0.60
Like he said, relative to other currencies.
Brent Johnson does a great job of explaining this.
I enjoyed this interview immensly. Having followed Brent's work for some time, agreed with what he had to say with one caveat. With things being as they are, as I own farmland overseas, wouldn't buy gold as the gold / silver ratio is so off kilter, would buy silver; that's probably a no - brainer. Thanks for this excellent and informative video. God bless you both, and I wish you great sucess in navigating through these challenging times.
Gabriel of Norway.
NATO needs to pay us, the United States of America. 30 countries. You want your protection pay up.
Interviews like this is why I watch. Great job sir.
Smart guy B.J.,
So many inter-related Global issues, so tmelines impossible to calll:
- Soverign/ Corporate & Personal Debt
- Geopolitics
- Inflation/ Deflation/ Stagflation
- Over Regulation
- Resession in Germany, UK, Japan, China...list will get longer...
- Central Banks
- Real Estate bubbles incl China
- EuroDollar System
Some Gold/ Silver/ Bitcoin/ Agriland to hedge
I’m a new dad, I moved closer to Santa Clara a few years ago and I’m thinking of purchasing a single family home there, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? Looks like Nvidia and AMD are still strong buys.
it’s a personal decision, but according to Forbes, housing activities will remain stagnant for the most part of the year, so maybe hold off a little.
Certain Ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio,
but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I making a whooping $738k in Q4 last year.
this is all new to me, where do I find a fiduciary, can you recommend any?
monicamary strigle is my f.a. I wont say much but pretty simple lady with great looks. shows empathy in her relations with you and you must not be an accredited investor.
Your first person to uplift the dollar,good for you, I feel better now.
Really like Brent Johnson... legit guy...thanks Sachs
"The rest of the world uses dollars".. for how much longer???
Well, as was stated. Until they decide that whatever assets they hold will literally contract to basically 0$. SO, as soon as basically everyone has 0$ net worth in a reset?
Congratulations on your 100k subscription great work enjoy listening and learning
I am outside the US and other countries think the US is a clown show today. The IQ is continuing to drop and it really shows.
You're reffering to Biden voters.
If you are referring to yourself and those who gave you a thumbs up, 💯 agree. 🤡
P.S. STAY OUT
I am inside the clown show,been planinng for this for 12 year
Yet, I wonder why the world is so desperately relying on the US aid unless they are greedy themselves and not smart enough to figure out that all the money they received from the US in the past were from American taxpayers.
Congratulations on 100K. Well deserved 👍
Thank you so much. We’re super blessed to have an amazing following like you 🙏🙏🙏 So grateful 🥹
"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented."
-Sir Josiah Stamp, former Bank president
“Am not an America exceptionalist”, then proceeded to apologise for American politicians and state how exceptional America is
2026-2030 will be scary times as markets pump into them. 100 year crash in coming. Jobs holding everything together for now
I am convinced that since the markets are sentiment driven October 2029 will be pivotal.
@@thevanman4498 yup not sure if things can make it till then. Day to day living for avg person is getting worse and worse. 2026 might be all too. Will see.
Brent is the brightest guy I have seen and watched in over 15 years of following this stuff.
period.
whats going to happen? God knows.
14:41 The inevitable will happen. You need to expand on the people that influence your opinion.
Harry Dent, Jim Rickard, Mike Moloney, Douglas McGregor, just to name a few.
I guess debt only affects citizens versus governments. Being insolvent is no longer an issue.
100k subscribers now!!! Congrats, Todd & Melissa!! This channel had 7k subs when I became a subscriber.
Nicole thank you for supporting us 🙏. We could have never made it without the best audience, people just like you 🥹
Majority of Central banks have been running to Gold for the past few years 🤷🏻♂️
With all debts mathematically impossible to repay does that not make the currency worthless or is debt an asset
If we stop trying to fight inflation (the government inflates their way out of the debt crisis they are in) then we get hyperinfaltion. Hyperinflation causes asset prices to go up. This includes the stock market. The real question is can the US Government keep spending like this without ramifications. I am to so sure. So while it can continue to go up, that just means when we do crash... it is going to be epic.
Though I don't like much of what goes on in U.S. political/economic sphere here domestically and internationally, I do agree with much of what Brent is saying here and I'm impressed with his his knowledge and objectivity. These are becoming rare attributes these days.
Look, this guy must live in some Ivory Tower. Look around at the middle class suffering here. People making 6 figures are living paycheck to paycheck. The amount of inflation that people have experienced in the last 2 years is staggering. Our dollar is in some serious trouble, and while it might never go away totally, it is losing substantial buying power. I mean they still use Zimbabwe Dollars. Look at the Capital Controls that are being forced on Americans, from limiting the amount of money they can withdraw, to stores that dont want to accept pocket change. Its not worth their time to count change. Sure, the dollar will be with us for some time, and it is probably better than any other fiat currency, but if we keep experiencing double digit inflation by these programs, then expect it to be worth substantially less. If the dollar were so damn great, then our standard of living should be going up. Yes, expect the market to keep going up, because it happens in almost every single country before their currency finally implodes. Even Zimbabwes stock market went up 600%. its not the market going up, but people getting rid of their dollars. Expect that to happen here, as other countries get rid of their dollars to buy hard assets, and expect commodity prices, Bitcoin, and Tulips to do the same.
This comment only shows that you either didn't watch the interview or didn't understand anything Brent said.
Good show. There were a couple moments where the guest said something that really put the topics into perspective.
I feel like I’ve heard it all because Sachs and other channels just playing in the background while I work during the day, so I did appreciate hearing something new.
Same here... I listen while I'm working.
We've been hearing this for 10 years now.
So u won't be surprised when it happens
Buffett told investors that Berkshire is a
safe place to park their cash as long as
they don't expect the "eye-popping
performance" of its past because there
are no attractively priced acquisition
targets out there big enough to make a
meaningful difference in the Omaha,
Nebraska-based company's results. But
he said Berkshire will be ready to SwOop
in with its $167.6 billion whenever the
casino-like stock market seizes up.
That is 100 percent 'TRUE'!!! That was the 'Interesting news' a few days ago. P.S. I've never seen "So many different Asset Bubbles" in "So many sectors", in all my life!!!!! Wouldn't it be "Strange" if we were All back in September 1929, so to speak. And, next week October begins?????........
I keep coming back to the fact that gold and all other precious metals have never gone to zero.
The Fed is doing a trillion dollars every 3 months???How much tarp 10 trillion? This guy works for the Fed!!!
Great interview - love, Brent Johnson’s work!
Todd, your video production quality has skyrocketed in the last few months. Bravo!
Thank you. New studio 🙏
Excellent conversation with Brent. I do think it is important to mention that all states DO have their own constitutions. Which is why the Constitution of the US and Bill Of Rights are so important when they delegate powers & give us the tenth amendment
Brilliant! Brent has a way of explaining and articulating his thesis very objectively and convincingly.
Good interview! Thank you Sir for giving us the content. The interviewees comment where he stated and paraphrasing but the us constitution was to tell the government what they can do and not tell the citizens what they should do was a simplistic yet impact full statement.
Great interview! I specifically liked his comment about BRICS nations and how we should not take other countries' politicians seriously. He made interesting comments about the future of equity markets that I listened carefully as someone with an opposing view. Overall a very good episode. Thank you.
Great to hear Brent's level headed perspective. It was a great interview
It is a game of "musical chairs"! the government knows that their are not enough chairs for everyone. However, as long as the music is playing, know one needs the chairs.
I give Brent Johnson a lot of credit for thinking too optimistic about the United States economy. The U.S. economy is on the brink of total collapse due to the handling of sanctions on Russia, the Rise of BRICS, and the Global South. In addition, there are too many external factors beyond the Fed and the U.S. Government's control. These events will have catastrophic effects on Western markets, such as increased prices on domestic trade, BRICS countries imposing their own sanctions on Western countries, War, Political Unrest, Atmospheric and Planetary disturbances, and many other unpredictable events that will cause the United States and Western European economies to totally capsize and sink.
--------
I'm not encouraged by your optimistic outlook Mr. Johnson but kudos to you for having balls of steel to believe otherwise.
You are just repeating the exact same "the world is about to collapse" ideas of the past decades. Yes, the US is is terrible shape, but the rest of the world is even worse, and if the US collpases, everything else collapses with it. How can you not understand that this is the point Brent is making? He's not being too optimistic, he's being realistic.
Very very bright logical speaker. Thanks
Doller cost average in. No one can time the market. Never put all money in at once. DCA gives the best return over the long term. Set aside a doable budget every month and staying disciplined is key. Buy a stock for long term at least 5-10 years. This keeps any stress over short term losses to a minimum.
I won’t buy individual companies any more , I’ll buy the spy and sell puts on it. Get paid to wait , pays a good Div and represents the top 500 company’s
Brent dropping jewels left and right
Hagler ended up living out his days living in the mountains of NH, I had no idea till his death announcement. Best fight ever was Hagler against Sugar Ray.
Hearns also
Thanks
Very informative
Great interview, always enjoy what Brent has to say.
That was a great interview!
Always enjoy Brett's outlook!
Thanks Sachs
Thank you, Todd and Brent, for these insights. You have broken down macro events into digestible nuggets of information.
Congratulations on reaching 100 K🎉
Thanks so much. Really appreciate the comment. We couldn’t do it without you 🙏🥹
@@SachsRealty I never miss a show. So much appreciate all you do.
It all depends on what the FED does
Great stuff!!!❤
But how do you liquidate gold? If you purchase 100k in physical, there is no guarantee in liquidating that without tax/extortion, etc. Someone square that circle for me.
You are ignorant AF!! good luck to you.
Gold is liquid. Everyone accepts gold as payment
This is the first time I hear Mr. Johnson. He is a very smart and open minded person. His views are very refreshing and true. Thank you for the interview.
He’s accepting the SYSTEM. HE SUCKS
It hasn't happened because the FED is cushioning the market...while the value of the dollar is being sacrificed.
What he said, was great logic.
Johnson is highly intelligent!!👍👍
Love Brent. Great guest Todd. Congrats on 100K subscribers. Get Simon the uneducated economist on, a normal guy with interesting perspective.
Great interview--thanks
Great conversation!
Love this guest, not bias, and clearly articulates our financial system. We have to be realistic as investors, accept it, and make wise investments in various areas.
Just because the value of a dollar has decreased by more than 95% over the past 100 years doesn’t necessarily mean it’s in trouble.
Ridiculous…
Great analogy of Hagler vs Hearns boxing fight regarding the US $, nice one!
I think Brent is all over the place with his opinions on the USA stock market and dollar. But overall, it's good to listen to his POV. Sachs, keep up the good work.
Great Interview. Thanks Brent.
Great pod, thanks
Mr. Sachs said he has not made money in the stock market. He must not have bought S and P 500 mutual funds. Those go up an average of 8-12% per year over an extended time period.
Excellent interview!
One thing you touched on was the world economic problems.
I just returned from living in Turkyie for a couple of years. Turkyie is running 70% to 100% inflation. The situation is devastating to the locals.
When the Russian and Ukrainian war broke out, causing forced migration. In turn driving up the price of real estate in rentals and investment.
Don't get distracted by the clown show Tucker put on. The ruble is collapsing.
The world economies outside the US are in sad shape. China's real estate is a disaster. Russia and Ukraine are closed for business. People point to Oil first but forget the amount of grain products that come out of the two countries. Grain issue's domino to Europe, feeding into the inflation issues.
In 2008, the US exported our banking problems to the world. This time, I fear we will be importing their problems. I haven't even mentioned the mess in the Middle East. Local economic stats might tell you what's happening in the the US for the next six months. However, this time, we may need to broaden our filters.
Many countries are in unsustainable economic situations.
Todd, great interview!
He is great speaker
I love Brent’s take here. No doomsday business just realistic
I think brent is an imporatnt voice, and I also think that so are rickards, schiff, gammon, maloney, alden, and other icons in the investment world. i think he does also. he hangs out with schiff, maloney and gammon in P.R. and i'd love to listen to their conversations. they might disagree on 20% of what's going on and what will happen, but the other stuff is not debated. And, just like hearing tucker and putin, we deserve to make up our own minds. great interview, thanks!
Excellent analysis!
How can anyone find the time to watch this whole thing?
I really like this watch
First rate interview - Thank you - Subscribed. 3/02/24
Brent Johnson threw cold water on the notion of a US Dollar collapse.
Every financial guru I listen to - and they all have different opinions on the economy - has been wrong for years. “The sky is falling” crowd is exhausting. I’ve been hearing that for 45 years now, or about since I was 10 years old. Funny how when I pretty much ignore them is when I start doing really well with savings and investments. The reality is that they are useful for planning to deal with multiple scenarios. IF the economy does “this”, THEN I will respond by doing a, b and c. IF the banking system does THAT, then I will respond by doing d,e and f. So really I am saving and investing, but always trying to keep my eyes on where things are heading 6-12 months down the road, maybe at the most 24 months. Again, because most of them have been wrong. And yes, TIMING does count in the equation and if they get timing right, then it just adds to their credibility. This guest was at least honest in saying he doesn’t know what’s going to happen, but he also gave a refreshingly optimistic view on the resiliency of the dollar in the world economy.