This is bad news for the tax bill, former Federal Reserve governor warns

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  • Опубликовано: 9 янв 2025

Комментарии • 184

  • @workaholic5318
    @workaholic5318 7 часов назад +25

    The United States must divorce from the Fed. Borrowing national currency at interest is beyond foolish. Taking away a percentage of the taxpayers money and giving it to banks is not in the public interest, nor has it ever been. It is giving away that percentage of the people's wealth before it is ever squandered by politicians.

    • @Jake-mv7yo
      @Jake-mv7yo 35 минут назад

      This is Nixon's fault for taking us off the gold standard and Reagan's fault again for his tax cuts and spending policies

    • @goldringhunter2431
      @goldringhunter2431 25 минут назад

      Keep eating the corn and your soybeans, that our leader's little dirt secret. Only if I could tell. Do some research on what they are feeding you.

  • @citizenjustice-el9pe
    @citizenjustice-el9pe 9 часов назад +37

    We are in a mess. It’s going to take time to clean it up. Trump faces a huge task. But Harris would have finished our country off.

    • @noelbartley1084
      @noelbartley1084 6 часов назад +2

      What mess exactly?

    • @bertpainter8385
      @bertpainter8385 5 часов назад +2

      @@noelbartley1084 Can't speak for him, but I would say the debt or 36 Trillion where the interest payments can't even be met and the difference of what's not paid gets added on to the debt plus the over spending that the government does. If Musk and Vivek can do what they say or should I say convince congress to do as they say then that would help greatly on top of the Tariffs. I agree with citizenjustice. It's going to take time.

    • @WalterGarvin
      @WalterGarvin 5 часов назад

      Trump added 8trillion to the debt increase four years

    • @SunniHorizons1
      @SunniHorizons1 5 часов назад +2

      You’re still obsessed with Harris 😂😂

    • @robertjohnson-mt8pz
      @robertjohnson-mt8pz 4 часа назад +1

      @@SunniHorizons1 You're still displaying your TDS.

  • @KennethJarvis-j9m
    @KennethJarvis-j9m 7 часов назад +17

    We don't live in Europe.

  • @michaelmilette140
    @michaelmilette140 9 часов назад +9

    Why do elections matter? Why would companies do anything political that didnt get them free money. Follow the corrution money! I truely hope all these companies and states are audited and investigated.

  • @leousa25
    @leousa25 11 часов назад +30

    Tax reform and tax cuts must be done ASAP

    • @Meowman582
      @Meowman582 11 часов назад +6

      Gotta increase that deficit!

    • @Garywhitetrumphobgobbler
      @Garywhitetrumphobgobbler 10 часов назад

      Then fix the deficit by robbing the poor again.

    • @RedEyeC
      @RedEyeC 10 часов назад +4

      @@Meowman582 - stop the pork!

    • @josemorrasge8100
      @josemorrasge8100 10 часов назад +2

      ​@@Meowman582 It doesn't add to the deficit

    • @Meowman582
      @Meowman582 10 часов назад +3

      @@josemorrasge8100 I mean it did last time he was president and passed tax cuts so maybe use ya 🧠

  • @BruceHuerta-mn6km
    @BruceHuerta-mn6km 10 часов назад +4

    5:57 it can't be counter inflationary because everything has a shelf life of about 7 years for tech and updated systems happen every year until the shelf life hits. 300 million on overstock tech

  • @billsparks5255
    @billsparks5255 2 часа назад +2

    All nonsense. Consumers pay tariffs.

    • @transparentglazier
      @transparentglazier Час назад

      Until those companies come back home to the US. Higher standards and quality! If a auto manufacturer can warranty their products for 10 years but an appliance company from China can only offer a 1 year warranty on a refrigerator, something is amiss

  • @Ancejfj
    @Ancejfj 10 часов назад +5

    The debt clock app said 117 million Americans out of a job so make 200 million jobs. That will make are gdp 15 percent or more and there will be run for all the money you have printed.

    • @Richard-ox3vw
      @Richard-ox3vw 3 часа назад

      “Make 200 Million jobs”?

    • @leofortey7561
      @leofortey7561 2 часа назад

      @@Richard-ox3vw "Snaps Fingers" You have a job. You have a job. You have a job... LoL. Some people think the gov't actually makes jobs.

  • @chucksinger1916
    @chucksinger1916 2 часа назад +7

    Abolish the Federal Reserve! Go back to the gold standard!

    • @SladeWilson-n8s
      @SladeWilson-n8s 2 часа назад +1

      They stole it already. FtKnox=EMPTY

    • @joeihrig9537
      @joeihrig9537 Час назад

      Yeah exactly how do you do that? Come on Dr genius explain to me how you go from a currency back to the gold standard???

    • @joeihrig9537
      @joeihrig9537 Час назад

      While the rest you want to go back to living in 1950s we want to move forward as the majority

    • @daleyfamily2179
      @daleyfamily2179 Час назад +1

      And where would the gold be lol. This old tired statement is just dumb. Take a econ class please. There isnt enough gold for us to buy to back on money. Just buy gold and move on if you are so concerned.

  • @pauldietzmann5610
    @pauldietzmann5610 9 часов назад +5

    Interest rate should be 5% KNOW LOWER

  • @AZGATOR2002
    @AZGATOR2002 37 минут назад

    He needs to on more! Great interview, good insights.

  • @alfredgaitan1201
    @alfredgaitan1201 10 часов назад +5

    So are interest rates actually going to come down? Im building a house and and had a 3% now im looking at almost 7%. I have $ and great credit. Its just what it is

    • @Stantheman4444
      @Stantheman4444 4 часа назад +1

      They aren’t coming down anytime soon.

    • @transparentglazier
      @transparentglazier 2 часа назад

      I heard another financial analyst comment that the lower interest rat won' affect home mortgage rates, they will stay the same or even rise, just as this young man stated about bond futures

  • @buffalobob6438
    @buffalobob6438 11 часов назад +12

    Is that Dr Spock' s little brother??... Striking Vulcan genetics similarities 😂

    • @RedEyeC
      @RedEyeC 10 часов назад +2

      Dr. Spock? He was a human book writer and pediatrician.

    • @mdmoz1777
      @mdmoz1777 8 часов назад

      Vulcans wear toupees?

    • @Houndini
      @Houndini 7 часов назад

      At start he was smiling so big look like he was on Toothpaste commercial. Morgan Stanley must give him free dental insurance & time off to go. Workers get that they will not give you time off to go.

  • @williamwigley2820
    @williamwigley2820 9 часов назад +5

    The only way out of inflation without deflation is to stop spending and then grow above it. We need to grow our economy at an average of 4.25% for 10 years while spending less than we generate by 1% this year and cap spending at that level it will pay off the debt and leave a suplus by 2040 .

    • @bobarnolf7379
      @bobarnolf7379 8 часов назад

      Good luck with that trump's going to spend, spend, spend...

    • @karabinb4514
      @karabinb4514 4 часа назад

      The fed reserve needs to be shut down immediately they are only part of the reason we are in this mess by printing money they don’t have 😡 let the market do what it’s going to do w/o the fed..only then will they quit stealing money out of pockets

    • @Richard-ox3vw
      @Richard-ox3vw 3 часа назад

      @@bobarnolf7379 it can be done by cutting wasteful government spending!

    • @leofortey7561
      @leofortey7561 2 часа назад

      @@bobarnolf7379 They all do. They love spending when it is not their money.

    • @transparentglazier
      @transparentglazier 2 часа назад

      @@bobarnolf7379 Why do you think that? Yes, he did the first time in office, but we had a robust economy...until fauci

  • @mrk4972
    @mrk4972 4 часа назад +1

    The I.S should stop Paying Tariffs. It makes no sense at 36 $Trillion Debt.

  • @Jim-p9x
    @Jim-p9x 5 часов назад +3

    BlackRock was heading DEI and woke culture. Now they flip! Lol

    • @transparentglazier
      @transparentglazier 2 часа назад

      It's bad for business to continue that program when the new administration is going to reverse it

  • @tedosmond413
    @tedosmond413 6 часов назад +1

    3:30 "trump admin inheriting a fiscal mess"...the last new admin to not inherit a mess was trump in 2016 and before that W in 2000.

    • @_outofphase5480
      @_outofphase5480 5 часов назад

      Clinton gave us NAFTA. NAFTA killed the production portion of our GDP. Obama benefitted from ZIRP policy for his entire presidency, and somehow STILL managed to torpedo national GDP. Since you’re trying to party-line finger point.

  • @wastelandman198
    @wastelandman198 9 часов назад +3

    I have an idea how about getting rid of the reserve and create an untaxed currency problem solved 🧠

  • @MichaelBrown-ny3et
    @MichaelBrown-ny3et 4 часа назад

    Now we know and always knew the rate cuts were political. Yellen probably told powell to do it.

  • @OneWildTurkey
    @OneWildTurkey 7 часов назад +1

    Sounds like rationalizing a separation of interest rate patterns from the Fed. Will this lead to more cowboys in the marketplace?

  • @david-c7i7t
    @david-c7i7t 4 часа назад +1

    There is actually a lot of common ground between the 2 parties If you re listen to the campaign speeches made by both sides, which I have done many times. Both parties want to improve the standard of living of ordinary Americans over half of which are in poverty or living pay check to pay check, improve and bringdown healthcare costs (nearly 100,000 are dying each year through being unable to afford life-saving prescription drugs) and reduce our ludicrous national debt, which is like a family running up credit card bills they cannot afford to repay.
    This may involve the very wealthy paying more taxes, which may not be popular in the short term, but changes in tax rules have been ludicrously biased in their favour in the past. Very rich people pay less than 5% tax on their huge incomes. This needs to be sensibly adjusted in the new tax bill so that the GOP can keep its election tax deduction promises to hard-working ordinary Americans without the need to raise the debt ceiling, which nobody wants,
    There is also a considerable consensus on immigration control, but there are some very difficult issues to address. . Despite the illegality of undocumented immigrants, it has been the policy of various administrations for probably over a hundred years to turn a blind eye because their cheap labour made a significant contribution to the wealth of the country, Most economists in America and worldwide agree that a total deportation policy in a short period would put the US in a severe economic depression for many years which would be political suicide. President Trump's claim that it would give more employment opportunities to US citizens is very flawed, as people more knowledgable than myself have pointed out.

  • @lisizecha9759
    @lisizecha9759 3 часа назад

    To summarize: tariffs make everything more expensive, but since it's not recurring, we don't call it inflation.
    Furthermore, as part of an economic package, the price increase will not matter

  • @greggseipp
    @greggseipp Час назад

    A ten percent tax will be immaterial. You guys ready for a ten percent tax?

  • @Backup-l8t
    @Backup-l8t 7 минут назад

    Tariffs = higher prices = inflation - simples.

  • @ItsMefromSnuffys
    @ItsMefromSnuffys Час назад

    Stop giving money to other countries, especially with no benefit

  • @testodude
    @testodude Час назад

    hard to believe BlackRock is moving away from woke.

  • @BG-mr5xv
    @BG-mr5xv 2 часа назад

    Cut spending.

  • @paparooster9569
    @paparooster9569 5 часов назад

    Emissions just shifted to other countries, in return no jobs, cost go up. Limited resources for defense.

  • @jamesgraves32
    @jamesgraves32 4 часа назад

    Powell has to go, it’s impossible to be an investor under these wild conditions. The gov is always in the way of our prosperity.

  • @TOm-g9x8f
    @TOm-g9x8f 4 часа назад

    Too many "Former" types not understanding why!

  • @Kin-28-8
    @Kin-28-8 6 часов назад +5

    Given reduced inflation signals and as the Federal Reserve has halted rate hikes, what are the best additions for a $120K portfolio to enhance the overall performance of my portfolio this year

    • @DhanaPayar
      @DhanaPayar 6 часов назад +2

      Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire

    • @Grace.h-t8o
      @Grace.h-t8o 6 часов назад +1

      True, some folks employ hedging strategies or devote a portion of their portfolio to defensive assets that perform well during market downturns and such pointers are provided by engaging the services of market experts just like i did in 2019, amid rona-outbreak, and as of today, i can boost of a 45% enhancement on my $1m portfolio after acquiring assets recommended by my advisor.

    • @Lewistonwilliams-f5i
      @Lewistonwilliams-f5i 6 часов назад

      I need a guide so i can salvage my port-folio and come up with better strategies. How can one reach this advisor?

    • @Grace.h-t8o
      @Grace.h-t8o 6 часов назад +1

      I have stayed away from all of the issues that the erratic market presents. Today, reading, research, patience, and seeking guidance when necessary are the greatest ways to break into the market. I merely copy ''Stacy Lynn Staples'', a CFA, whose actions I witnessed on Bloomberg Business News because I am unable to handle my portfolio owing to the nature of my profession. Ever since, everything has been easy. I recommend researching her credentials further.

    • @Thompson-e7h
      @Thompson-e7h 6 часов назад

      thank you so much for this tip! Finding your coach was a breeze and I was really impressed with all the research I did on her credentials before scheduling a call. It's clear from her résumé that she's extremely knowledgeable and skilled, and I'm so excited to have the chance to talk to her!

  • @Wetlandlady87
    @Wetlandlady87 17 минут назад

    Climate is a market externality. A real conservative would seek to eliminate negative market externalities. Look at rising insurance. You can’t escape negative market externalities. They have to be captured to maintain market stability

  • @brendaquinones7232
    @brendaquinones7232 Час назад +1

    Mr. Ludlow blessing from Nyc.

  • @joeihrig9537
    @joeihrig9537 Час назад

    The tax bill that you care about..... Because you have a bunch of money in the bank too. Where does that leave the rest of us working Americans jack hole

  • @FosterTravis1071
    @FosterTravis1071 5 часов назад +2

    No tax cuts....

    • @dieterhauer8619
      @dieterhauer8619 3 часа назад

      Why not? People are already over taxed. The very obvious & glaring problem is govt overspending. History clearly illustrates that.

  • @jimmycrackcorn99
    @jimmycrackcorn99 22 минуты назад

    If you don't tune into Fox every once in a while you forget how heavily slanted this stuff is.

  • @tedosmond413
    @tedosmond413 6 часов назад

    1:45 conservatism is a resistance to whims"...wtf? is this a quote from the 1970's? certainly not contemporary maga.

  • @robertlogsdon8101
    @robertlogsdon8101 2 часа назад

    500 million more to Ukraine and your talking to us about debt

  • @RobinDaHood99
    @RobinDaHood99 10 часов назад +8

    That dude needs a new barber 💈 for real

    • @BurkJ69
      @BurkJ69 9 часов назад

      😂😂 leave his bad haircut alone

    • @tempusfugit6637
      @tempusfugit6637 8 часов назад

      For real?

  • @Crookedriverhooligan
    @Crookedriverhooligan 4 часа назад

    I’m not paying your taxes try to come and get me

  • @tomdixon1213
    @tomdixon1213 3 часа назад

    Trump is the modern day’s version of Andrew Jackson. Andrew Jackson was known as the lion in his time.

  • @tedosmond413
    @tedosmond413 6 часов назад

    jay powell...appointed by gop

  • @KennethJarvis-j9m
    @KennethJarvis-j9m 7 часов назад

    Free riding provides a compelling explanation of collective action problems. The insight is that individual actors who can consume a public good without providing for it will do so-they will take a “free ride” off of others’ contributions. When one actor makes a particularly large contribution to the public good, potential free riders choose to rationally abstain from contributing, knowing that the good will be provided. Obama, Trump, and others who accuse NATO allies of free riding argue that the allies choose to spend less on defense than they otherwise would because of the massive US military budget and the US commitment to defend Europe against attack. In this view, US taxpayers are gullible suckers, providing security to Europeans who, in turn, spend lavishly on social welfare and infrastructure instead of ensuring their own defense.
    Scholars and experts have long noted problems in applying free-riding theory to alliances such as NATO, however. First, the total amount that all NATO members spend on defense is hardly a public good. Given that each NATO member can decide to contribute to or withhold its military from NATO operations (see the “as it deems necessary” clause of Article 5), the best one can say is that NATO member defense spending contributes to the potential for a better allied defense. Second, some NATO members spend far more on their defense as a percentage of their GDP than others, and the straightforward free-riding critique cannot explain that variance even when taking into account variance in the ally’s size. Finally, collective action logic only applies if all actors agree on the nature of both the problem and the solution. If a NATO member does not see Russia as a threat to its territorial integrity, for example, it is not free riding off of US defense spending by spending 1 percent of its GDP on defense; it is providing a spending level appropriate to its perceived threat environment.
    Why 2022 should have been the free-riding perfect storm
    The world of 2022 seemed to provide the perfect environment for European free riding according to the logic the critics have outlined. In 2021 the United States spent $766 billion on defense, which was over twice what the rest of NATO members spent on their defense combined. Moreover, US President Joe Biden, who took office in January 2021, consistently and clearly pledged to come to the defense of NATO allies if they were attacked. After Russia’s full-scale invasion of Ukraine on February 24, 2022, the Biden administration reiterated the US commitment to defend NATO allies. The United States also sent twenty thousand additional troops to the Alliance’s eastern flank to assure the Europeans and deter the Russians, bringing the US total on the continent to one hundred thousand. If there was ever a moment for Europeans to take a free ride off of US largesse, this was it.

  • @FilipSwoboda
    @FilipSwoboda 4 часа назад

    Kevin Warsh...bad hairpiece...please stop...

  • @allancorbin5608
    @allancorbin5608 6 часов назад

    Powell was appointed by Trump

    • @angelfish2529
      @angelfish2529 2 часа назад

      Powell is a long-time swamper, he was there before Trump and he will be there after Trump leaves.

  • @redrustler1
    @redrustler1 36 минут назад

    Conservatives opposed to whims? Are you kidding? Trumpy Bear operates on nothing but whims.

  • @73ajd1
    @73ajd1 33 минуты назад

    What does DEI have to do with climate change? You forgot to throw an abortion comment in there for good measure. Narrative driven garbage.

  • @El_Bergevini
    @El_Bergevini 2 часа назад

    You dont se Shyla it is inflationary because should go study economics. Viewers , finance is not economics, this commentator is misguided.

  • @darkdan3379
    @darkdan3379 10 часов назад +8

    Tax the rich until they are broke...

    • @markk.bingham7214
      @markk.bingham7214 10 часов назад +7

      How about get a job and support yourself, and live with in your means.

    • @Grek
      @Grek 10 часов назад +2

      Yah, tax the rich more, don't change what the money is spent on, surely it's all spent on precisely what needs to be spent on.

    • @305dadecounty305
      @305dadecounty305 10 часов назад +2

      ​@markk.bingham7214 I get those types of people need to get a job, but these people that are too big to fail is what's messing up america.

    • @EnderViBrittania
      @EnderViBrittania 9 часов назад +1

      @@305dadecounty305 Found the communist

    • @_outofphase5480
      @_outofphase5480 5 часов назад

      And then what?

  • @YaoAnne-j7g
    @YaoAnne-j7g 11 часов назад +2

    !I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good stock recommendation on great performing stocks or Crypto will be appreciated

    • @BensonTati
      @BensonTati 11 часов назад +1

      As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

    • @HaholBarton
      @HaholBarton 11 часов назад +1

      I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.

    • @BensonTati
      @BensonTati 11 часов назад +1

      I don't really blame people who panic. Lack of
      information can be a big hurdle. I've been
      making more than $200k passively by just
      investing through an advisor, and I don't have
      to do much work. Inflation or no inflation, my
      finances remain secure. So I really don't blame
      people who panic.

    • @HaholBarton
      @HaholBarton 11 часов назад +1

      Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience..

    • @YaoAnne-j7g
      @YaoAnne-j7g 11 часов назад +1

      how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally.. What's your take on this approach?? and How can i reach her, if you don't mind me asking??

  • @steves3234
    @steves3234 5 часов назад

    The Federal Reserve beeds to be abolished

    • @nicklll4477
      @nicklll4477 4 часа назад

      Then you better pay back the fed those dollar bills you're holding through taxes w interest. What's it gonna be sunshine?

  • @MilankaMilosevic-l4u
    @MilankaMilosevic-l4u 9 часов назад +2

    "election matters" 🤔
    "Size Matters" - Godzilla ( 1997 ) . Godgjurra . 🇺🇲 🇯🇵

  • @iangoddi
    @iangoddi 10 часов назад +3

    We can increase revenue with tax cuts. HELLO???!!!????!!!

    • @sloth9669
      @sloth9669 8 часов назад +3

      When the velocity of money increases it gets taxed more times but at a lower rate. 5% tax on two transactions is more than 8% on one transaction.

    • @Richard-q1y
      @Richard-q1y 5 часов назад +1

      Yes it works.

    • @_outofphase5480
      @_outofphase5480 5 часов назад

      I suggest you do a little homework on the history of tax cuts and subsequent effects on total tax revenue. It works.

  • @paultrevino3755
    @paultrevino3755 39 минут назад

    Plz don't get made but how can get fox offy phone