Depression? No no, we've already completely collapsed as a nation, economy and society. The working middle class is all that is keeping the skeleton animated. If they ever get tired of keeping the dead thing moving then it all turns to dust.
So what are really the best strategies to make our portfolio recession proof. my wife is already panicking, so many questions! will the rate cut next month lead to inflation? I'm very worried about my $1million stock portfolio losing value. It lost 20 % today alone
Knowledgeable Investors know where and how to put money during a crisis in order to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage these market conditions.
True, my portfolio took a massive hit in 2022, and I almost sold everything to switch to cash savings. However, I was advised to consult a financial advisor. Following the guidance of this CFA, my portfolio started increasing by 10% monthly. She had anticipated the crash and rebalanced my portfolio accordingly.
bravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
The decision on when to pick an Adviser is a very personal one. I take guidance from Vivian Jean Wilhelm to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call
We have been in a recession for 3 years. We are headed for a depression. Back in the 1930s. People had skills like cooking, canning, hunting, carpentry, leather working, sewing, and gardening. What do you think is going to happen to people in 2024. Most people have no idea how to do most of these things.
The govt: "Well, this year you can buy a pound of ground beef for X and thats the same a pound of ribeye last year, and hey, theyre both beef, so inflation is ZERO!!!"
Well!?! And HE IS: A Coward-chickening out of deploying in to combat with his soldiers! A SPECIFIC Edict for any(ALL) Noncommissioned Officers (E-5 thru E-9), & A Fraud/Liar! Now we’ll have 2-Cowards & Liars in the WHITE HOUSE in the Top 2 Positions in/of the Free World?!? WITF?!?
What you don't like the guy that approved 90 day post birth abortion, pay homeless people, gives drugs to drug addicts, pays illegals, let cities burn, and want higher taxes on everything? You mustn't live in rhe twin cities or st cloud. Former Minnesotan, here. Until the illegals are shipped out the state is lost, just leave if you can.
Someone in a store recently said the government wants us all broke and unemployed. This struck me with a shock. It made me think of the homeless crisis too. The government wanting everyone to be dependent on the government. Then they can definitely control the vote by what benefits they give the people.
What scares me is that they genuinely believe they're doing what's best for the people. They see themselves as the good guys. They don't see themselves as keeping people poor to win votes. They see people being poor as a failure of government to help them - so they constantly sell solutions for votes. When those solutions fail, they blame capitalism, corporations, and classism.
Ya, most of us are aware of that. Its why the government will never fix issues like homelessness and drug use. Its a tax siphon, vote grift, and a dependent class. They wont willingly give that up.
Construction of the Empire State Building was completed in 1 year and 45 days, or 410 days. Original construction of the bridge took about 2 years. Recent bridge at Charleston, SC took about 4 yrs. 10yrs is way too long for sure.
We can ONLY hope & pray for such an economic & financial implosion!!! Want a great Global Reset? Be certain to own precious metals & commodities! What is one of the main things Floridians “Stock Pile”? Answer: Water (drinking, cooking & washing) & Fuel(generators/power)!!!
People in high places are so far removed from the common man, that they aren't even cognizant that we are actually experiencing a depression RIGHT NOW. Every man must also refuse to fight a war for those in high places start for their own greed. They have nothing to lose and we will lose our lives. What we allow will continue.
Several years ago professors from an ivy league college left the city to interact with rural folk. They lasted a week, then ran home claiming they couldn't understand the hill billies. Given most of the actual highest iq people live in rural areas, this is rather amusing.
Nick and company, Thank you all for putting this video together. I really thought that I was a very well informed citizen and voter and business person. I’ve thought I’ve been paying attention to everything and delving into things. Boy, was I wrong? I learned more from this video than I’ve learned in the last 15 or 20 years of paying attention and studying. And I really think all of you for everything you put into this. Each one of you made points that were really important. And you really scared the day lights out of me. As a result, I have forwarded this video to everyone I know on both sides of the aisle. I hope that it both informs and wakes them up! Although I have some doubts that it will. Lately I’ve been noticing that a lot of people, even some Christians act like they’re in a satanic induced dream state where they are oblivious of everything around them. As if we can live in a fog and hold hands and sing Kumbaya on Sunday morning and that’ll fix everything. While I 100% agree that God can and will fix everything in his own timing. BUT after 65 years on this planet, I have noticed that even God and the Holy Ghost, can’t or won’t drive a parked car! God uses willing vessels to achieve His purposes in or lives. Unlike in Jonah’s case, if we are not in the right gear, He will move on to find a vehicle that is in gear. That scenario usually ends up with the person that was skipped being like the fellow with two talents. I may be old, sick and impoverished, but I am still trying to stay in gear and ready to move. This video was a major wake up call for me and hopefully for everyone I sent it to. God bless you, your family and your excellent staff. This country needs more of you. Even as a broken down old lady, I would follow you into battle any day. Just don’t hand me an M-16, I prefer an Uzi anytime! 😂 LOL I once took a government sponsored résumé, writing class. The instructor said to make a list of all of our skills. Since I can only type 17 words a minute, no matter how much I try, I put down that I can get a tight grouping with an Uzi. The teacher looked over my shoulder, saw my list, and almost had a heart attack. He was literally shaking. He told me, in no uncertain terms, that that was not a job skill!!! I looked up at him and gave him my sweetest old lady smile, and said, “Well now, that depends upon the job!” He had to go sit down. I assumed that I had failed his class, but I wasn’t really worried about it. Since I wasn’t actually interested in getting a job, I have spent most of my life being an entrepreneur and true form, I just went and created my own job. Those were the good old days. With the current price of ammunition I am out of practice now. Speaking of the current price of gear and ammo. How does a twenty year old kid, working in a nursing home, have enough money to buy all the gear, that Mr. Crooks had both with him and at home??? I wonder if anyone in the FBI has asked that question?
People from Minnesota have told me that during his congressional reelection campaign (2008) he also claimed National Guard service in Haiti and Kosovo during the 1990s
Government spending is an education problem. The youth isn’t taught how to be informed voters, or even how to critically think, so when Liz blames corporations, trust but verify does not occur. It’s just blindly trust
We’ve been in a recession since 2008. I can’t recall any meaningful economic recovery going on 2 decades now. Any small event ruins most people’s finances for life.
I see you've surpassed the million subscribers mark. 🎉Very good. Very good for The United States Of America that people are listening to Green Berets. To real American Men such as your crew. Real American Women as your Wife, and listening to so called "hard" to discuss subjects. Love your work Lady & Gentlemen. Tip of the hat to you Sirs, & Ma'am. Very very good.
The labor market and production conversation just reminds me more and more of F.A Hayek saying "We need to plan for competition, not against it." The amount of laws a regulations business have against them hurts that competition and makes the labor and job market as a whole just more and more expensive.
I can't help but think of the Covid shutdown, which doesn't get enough blame from either side. The left overlooks the shutdown because they got what they wanted. The right overlooks the shutdown because it happened under Trump and they want to solely blame Biden. A massive "L" for the right. Monopolies are evil, something we constantly hear from the left. But the shutdown created the biggest monopolies I have ever seen in my life - which says a lot. Walmart and Target sold food, so they remained open. Gamestop sold video games, so they were shut down. But Walmart and Target also sold video games so they obtained a huge advantage in the video game market. The left kept spewing nonsense, "The shut downs didn't cause inflation, because corporations made record profits! It's from corporate greed!" 1. Profits were sky high due to inflation being under-calculated. When calculating real inflation, the profits weren't as record breaking as the left claims. Corporations also flaunted record profits to save face with shareholders. 2. Even when we adjust for inflation, record profits were still had... BECAUSE THEY CORNERED THE MARKET! 3. Inflation occurred due to lower supply and higher demand of services limited by the shut downs. Competition was largely anhialated. Since the limited supply was controlled by so few, of course there were record profits. Yet it's "corporate greed" that is blamed.... I just hate how "natural" monopolies are evil and hurt the economy. But government made monopolies have magic real-world plot armor... I remember when government shut downs were just talk, before Covid really hit the US. I said two things would happen. 1. Massive corporations allowed to remain open would see record profits due to competitors being strangled by regulations. 2. We would see massive inflation. Everyone on the left dismissed these predictions. Now, they pretend the cause is greed. Sorry, but the people who predicted incorrectly don't get a god damn say.
Fort worth texas eviction rates have increased by 25% Thats texas, where jobs exist still. Our stock market is completely manipulated by wallstreet firm algorithms computers trading 100,000 shares per millisecond. Phantom stock shares are created to illegally control a stock price as well and all that will need to be paid back at some point. 1 company has had estimated 1000% shares increase created artificially. So 9/10 shares being traded shouldnt be on the market. The stock market must crash, banks cannot be bailed out( all of them are insolvent), real estate must crash. Monopolies gotta be broken up, almost everything is monopolized now. Then bring back a free market.
Even though a recession might seem imminent considering the downs and lows in the market recntly, it's important to note that recession comes with expansion if you are well prepared and equipped. I've seen folks on verified posts that turned millionaires amid economic downtrend, and even pull it off easily in a favorable economy, it all boils down to proper asset allocation.
yes there are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist
A lot of folks downplay expertise assistance until being burnt by their own emotions, no offense. I remember 4 years ago, amid covid-outbreak, I needed a good boost on my finance, hence researched for licensed advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m notwithstanding inflation.
I've stuck with ‘’Katherine Nance Dietz” for 4 years now, and her performance has been consistently impressive. She’s quite known in her field, you can confirm her on the internet.
Austerity isn’t popular???? I am 63. I have lived in less than $50k my ENTIRE life. I have been on vacation twice…. I have little to no savings…. I have lived austerity my whole life. Sucking up butter-cups…. If that is what we need to do to fix our country, then we need to do it.
EXACTLY! Most of us "working deplorables" have been in "forced austerity" with less than $50k and are still surviving! Welfare recipients make more in total benefits than the working stiff and still complain; I feel sorry for them IF someday a president with plenty of guts and a pair of "something round" would stop those said benefits! I wish there were a candidate running on that instead of promising more handouts! I would vote for him/her in an instant! I can Dream, can I? At least that is still free!
Nick you seem to understand economics far better than most economist, or at least the government economist talking heads. We need about 50 or so more congressmen that have the understanding you do. Thanks for putting out some unvarnished truth about these things. Common sense has left the building in most all things government.
FANTASTIC show ladies and gentlemen! Very well "argued" with great examples and explanations!! Learned a lot and enjoyed a few laughs which is always needed in these challenging times. Looking forward to the next podcast...thank you all 💕 Janice
Listening in from South Africa and found this discussion of stock markets, the war in the ME, and the upcoming USA elections hugely interesting. Have subscribed for all podcasts.
Lol! I love the podcast. Other than the topics of discussion, I always listen to the plug for good ranchers. This one was an ok transition into the ad, but the part that made me belly laugh was the part about there absolutely is a God because of bacon. I wholeheartedly agree. 😂
One note on FDR's administration. Unemployement hovered around 17-20% until the late 30's. The SCOTUS at the time started ruling New Deal polices unconstitutional, and the unemployment rate started to steadily decrease.
“Tighten our belts?” Are you joking? On my social security check today, I can literally only afford utilities and my property taxes. I live on 5 entrées per week from Meals On Wheels and otherwise don’t have any food. The result is I’ve lost 100 pounds this year from malnutrition and my clothes are literally falling off of me to the point that tightening my belt doesn’t hold them on. I’m having to use bungee cords to keep my clothes on to go to the doctors office so he can give me medicine that I can’t afford to buy even with Medicare. So don’t talk to me about tightening my belt, I can’t afford a belt anymore. Yet I see that the Ukrainian government can afford multi million dollar mansions and yachts. Our current administration should be prosecuted for this!!!
Property tax!!! Omg. It is set up so even if we worked to pay off the mortgage we will still lose our home due to inflated property value to justify raping us through property tax!!! But hey, we can reverse mortgage and just give it to a bank... absolutely disgusted with the greed of politicians and wasteful government agencies.
We aren't taught how the economy really works. Kids are taught by our government that you can spend your way to prosperity. Kids for the last 40 years saw Mom and dads nice house, a paid off car and a paid off boat. What they do not remember was when they were little mom and they had pitching pennies and feeding them spaghetti 6 nights a week to make In's meat and get all of the bills paid off Early. Then come along with teens and those kids see mom and they have all the fun stuff and didn't know no work that was behind it. Then they went to college and learned about car loans, and credit cards and buying on installments. And now 2 generations have found themselves up to their ears in debt.
I went to public school. One of my teachers played videos of Stossel. I can't remember what he discussed. I just remember agreeing with him, and my classmates thinking he sounded like a moron for asking obvious questions. They didn't understand that he asked rhetorical questions and they didn't really grasp the points he made.
She chose Walz because she felt that there was a lesser chance of losing Minnesota since Trump chose Vance than Pennsylvania. The rust belt states were more closely aligned with Vance, and he has a much stronger following in those states than in Minnesota. Minnesota was always a toss-away state in the eyes of the Trump camp, as it rarely went red. Trump would love to win it, and he was making gains there recently. Pennsylvania was never going to be possible for Harris after Vance joined the ticket. This all may be a moot point, as she will lose it all in any case. She will gain a small bump in the polls during and directly after the DNC, but too much time will pass until November 5, and time is Harris' enemy when it comes to public perception. She has no real positive record to fall back on and can only rely upon attack ads and misleading voters to sway their opinions. Blacks and Hispanics have been abandoning Harris (Biden) for months now. Trump's team will start hammering Harris on her false claims of being Black (she has never been Black, but East Indian by culture!) and a moderate. She's the most Leftist politician to run for president in modern history. Only moderates from either side can win. She won't be able to withstand the onslaught. The truth is her enemy. She is nowhere as strong a candidate as even Hilary Clinton was, so her being a women won't help her. It really didn't matter who she chose. She's cooked. Trump will win this with over 320 electoral votes.
So with all that being said, which I believe to be true, the only play left will be too mimic what happened in the 2020 election. A tragedy will have to occur which will create a smokescreen to divert The peoples attention from the real issues that they will no doubt capitalize on and take advantage of
If we abolished the IRS, abolished income tax, death tax, corporate tax, etc. and just tariffed at like 10 or 15%. There would be a net INCREASE in household wealth by 30-40% and overnight there would be no recession. The tariffs can and would be able to fund the military and state department alone - without help. Everything else the government does is functionally useless and unconstitutional.
The key is to abolish the income/direct taxation powers of the fed government. Moving from fiat to something else will come with time. Immediate policy should focus on removal of the ability to tax, abolish most regulation, and focus on legal consequences for destruction of property and people. Those laws already exist. Regulations are to prevent competition not protection.
When my stimulus check came in, I looked at it and thought "This is not going to be worth the inflation". I was 100% correct, I would much rather have never received that stupid thing and had low inflation than what we have now.
Realistically, the inflation was coming with or without that check. The way government was throwing money around it was unavoidable. $600 per week to those who government forbade from work. More in fraudulent ppp loans. All the money going to COVID vaccine research while allowing the pharma companies to keep the profits. Bank bailouts. That money was being spent whether you and I got a small fraction of it or not.
1:21:07 not just steel, gravel for concrete, oil for plastics. Ideally a nation is self sufficient for employment, civil engineering, community engineering, and leisure items.
Yes, the yield inversion is pointing to a depression. And a bunch of other stuff is as well. Probably when they will try amd pull the great reset the wef has been drooling over.
I know so much more than I did, but boy, do I have a headache. I guess I didn't know how much I didn't know. =) Thank you for all your time to help so many understand more! I appreciate you all.
The currency you hold only loses value because people are printing money. Old coins and notes are worth more than their face value because of how much was used up, worn out and destroyed.
The currency we hold has 0 value. It only has the illusion of value because its based on trust. Its backed by treasury bonds that are literally backed by nothing but trust. It will come down and soon and what will occur is a global famine with currency collapses everywhere. People really do not understand what is coming. Personally I hope I die before it happens.
It’s always just a matter of time until the next recession with how our economy is managed. We had recessions in 2020 and 2022 and yes the next could easily be this year or next.
Nick, pick up the Laffer book Taxes Have Consequences. He has a very insightful view of the 1929 Stock Crash real cause (tariff) and the effects of taxation ramp in 1932+ income and property). Great you included the W Wilson+Wife allowing Fed Res launch.
Demand alone (30:32) does not change cost of production unless SOMEONE says hey, I can raise the price and people will still by this. So there is still an arbitrary factor of the seller saying to himself I have more buyers and almost instituting a type of bidding system of who will continue to buy this as I increase my profit margin?
Hard times are coming no matter what. We can control the pain by doing the correction ourselves, or natural consequences will kick in, that we can't control, and the pain will unbearable.
I couldn’t agree more with what you guys said about businesses I own a small construction company in Pennsylvania and it costs nearly 1/2 of my income to keep the business operating. Constant audits constantly increasing tax’s and fees. $700 a month for workers comp. Need payroll insurance unemployment insurance liability insurance. Paperwork that needs to be files by accountants and year after year they want more money at the end whenever they already make 6 automatic withdrawals from my bank per month. I have 2 employees
When google. change your country on your vpn. When I googled for example, Trump assassination attempt it popped up immediately, when I put in USA as my position on my vpn all what your'e saying about manipulation is fully true. Had to wright full sentence.
This was an amazing conversation. Thank you guys for what you do! Down here in Texas, native Americans are by far the minority. As Texans, We have been telling our friends for years that pretty soon. Texas would just be illegal immigrants. The rest Of the US is feeling that sympathy now as well.
15:04 Just as a heads up, the money the government gives to the fed is for distribution. Treasury has an account on the fed balance sheet. When the fed buys treasuries they just simple increase the balance in the treasury side and use that to count treasury purchases. No money changes hands.
Start early with diversified investments in Bitcoin, stocks, bonds, and real estate. Maximize contributions to tax-advantaged accounts like 401(k)s and IRAs. Regularly review and adjust your strategy to ensure security..
I feel sympathy for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Sir Brian! Imagine I invested $50,000 and received $190,500 after 14 days
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
The American Republic has hard limitations to prevent direct democracy, and they are VERY intentional and significant. So it's important to call it a republic and NOT a democracy. The ancient Greeks PROVED democracy sucks thousands of years ago, and the Romans heeded this to form their own republic (So did Carthage, probably). The word "democracy" should be a cringe word like liberal or woke. It's a necessary evil because you can't have a republic without it. Does anyone know which video he's referring to when they talked about this?
Enjoy your show. You should check the new law in Minnesota regarding standing your ground protecting yourself that you should run and let the criminal terrorize you.
I think the question about " is there still gold in ft knox" - is more about - whether we could go BACK to currency being tethered to gold. Is there ENOUGH gold/ silver/other "precious metals" etc- to go back to a gold standard - and what difficulties/disruptions would/could that cause.
Recession? We're already in a Depression. They just won't tell you that.
Depression is correct. The numbers are the indicator. I sure hope more people realize that the "recession" came and went.
Thank you!
For over a year now
I came here to say the same thing. Underrated comment.
Depression? No no, we've already completely collapsed as a nation, economy and society. The working middle class is all that is keeping the skeleton animated.
If they ever get tired of keeping the dead thing moving then it all turns to dust.
So what are really the best strategies to make our portfolio recession proof. my wife is already panicking, so many questions! will the rate cut next month lead to inflation? I'm very worried about my $1million stock portfolio losing value. It lost 20 % today alone
Knowledgeable Investors know where and how to put money during a crisis in order to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage these market conditions.
True, my portfolio took a massive hit in 2022, and I almost sold everything to switch to cash savings. However, I was advised to consult a financial advisor. Following the guidance of this CFA, my portfolio started increasing by 10% monthly. She had anticipated the crash and rebalanced my portfolio accordingly.
bravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
The decision on when to pick an Adviser is a very personal one. I take guidance from Vivian Jean Wilhelm to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call
A new administration needs you guys as advisors to get rid of many of the bureaucratic agencies. We need less government!!
We have been in a recession for 3 years.
We are headed for a depression.
Back in the 1930s. People had skills like cooking, canning, hunting, carpentry, leather working, sewing, and gardening.
What do you think is going to happen to people in 2024. Most people have no idea how to do most of these things.
But I can upload a TikTok dance!
Those who have taken it upon themselves to acquire those skills will survive.
The govt: "Well, this year you can buy a pound of ground beef for X and thats the same a pound of ribeye last year, and hey, theyre both beef, so inflation is ZERO!!!"
You using that common core math?
Speaking of beef, is that real beef, stitched beef, or cloned beef? Don't check the label since the seller doesn't even have to tell you...
Harvard is what they have in common. Using our monetary system as a weapon, is the root of most of this.
As a conservative Minnesotan, Tim Walz is the worst
Well!?! And HE IS:
A Coward-chickening out of deploying in to combat with his soldiers! A SPECIFIC Edict for any(ALL) Noncommissioned Officers (E-5 thru E-9), &
A Fraud/Liar!
Now we’ll have 2-Cowards & Liars in the WHITE HOUSE in the Top 2 Positions in/of the Free World?!?
WITF?!?
This comment has a translate to English on it, but changes none of the words. 😂 I think youtube is calling you a hillbilly
What you don't like the guy that approved 90 day post birth abortion, pay homeless people, gives drugs to drug addicts, pays illegals, let cities burn, and want higher taxes on everything? You mustn't live in rhe twin cities or st cloud.
Former Minnesotan, here. Until the illegals are shipped out the state is lost, just leave if you can.
@@zackarybunn9854thats racist
Someone in a store recently said the government wants us all broke and unemployed.
This struck me with a shock.
It made me think of the homeless crisis too. The government wanting everyone to be dependent on the government. Then they can definitely control the vote by what benefits they give the people.
What scares me is that they genuinely believe they're doing what's best for the people. They see themselves as the good guys.
They don't see themselves as keeping people poor to win votes. They see people being poor as a failure of government to help them - so they constantly sell solutions for votes. When those solutions fail, they blame capitalism, corporations, and classism.
What rock have you been living under
I'm on medicaid and EBT benefits and I'm voting for Trump....so obviously it's not working on everyone.
Ya, most of us are aware of that. Its why the government will never fix issues like homelessness and drug use. Its a tax siphon, vote grift, and a dependent class. They wont willingly give that up.
Construction of the Empire State Building was completed in 1 year and 45 days, or 410 days. Original construction of the bridge took about 2 years. Recent bridge at Charleston, SC took about 4 yrs. 10yrs is way too long for sure.
We have been in a depression for years, what is coming will a worse Depression than 1929. Keep faithful & discerning.
And get some chickens!
Assuming you can afford to feed your chickens…
@@karlyw.b.4125free range and kitchen scraps!
We can ONLY hope & pray for such an economic & financial implosion!!!
Want a great Global Reset?
Be certain to own precious metals & commodities!
What is one of the main things Floridians “Stock Pile”?
Answer: Water (drinking, cooking & washing) & Fuel(generators/power)!!!
@@michaelmagee6403 Might want to stockpile AMMO with that everything else is defendable/obtainable
People in high places are so far removed from the common man, that they aren't even cognizant that we are actually experiencing a depression RIGHT NOW.
Every man must also refuse to fight a war for those in high places start for their own greed. They have nothing to lose and we will lose our lives.
What we allow will continue.
Several years ago professors from an ivy league college left the city to interact with rural folk. They lasted a week, then ran home claiming they couldn't understand the hill billies. Given most of the actual highest iq people live in rural areas, this is rather amusing.
Get rid of the Federal Bank
Oy vey
Nick, I gain enjoyment and insight from your content. We track on alot of topics, keep up the good work.
Nick and company, Thank you all for putting this video together. I really thought that I was a very well informed citizen and voter and business person. I’ve thought I’ve been paying attention to everything and delving into things. Boy, was I wrong? I learned more from this video than I’ve learned in the last 15 or 20 years of paying attention and studying. And I really think all of you for everything you put into this. Each one of you made points that were really important. And you really scared the day lights out of me. As a result, I have forwarded this video to everyone I know on both sides of the aisle.
I hope that it both informs and wakes them up! Although I have some doubts that it will. Lately I’ve been noticing that a lot of people, even some Christians act like they’re in a satanic induced dream state where they are oblivious of everything around them. As if we can live in a fog and hold hands and sing Kumbaya on Sunday morning and that’ll fix everything. While I 100% agree that God can and will fix everything in his own timing. BUT after 65 years on this planet, I have noticed that even God and the Holy Ghost, can’t or won’t drive a parked car! God uses willing vessels to achieve His purposes in or lives. Unlike in Jonah’s case, if we are not in the right gear, He will move on to find a vehicle that is in gear. That scenario usually ends up with the person that was skipped being like the fellow with two talents.
I may be old, sick and impoverished, but I am still trying to stay in gear and ready to move.
This video was a major wake up call for me and hopefully for everyone I sent it to.
God bless you, your family and your excellent staff. This country needs more of you. Even as a broken down old lady, I would follow you into battle any day. Just don’t hand me an M-16, I prefer an Uzi anytime! 😂 LOL
I once took a government sponsored résumé, writing class. The instructor said to make a list of all of our skills.
Since I can only type 17 words a minute, no matter how much I try, I put down that I can get a tight grouping with an Uzi. The teacher looked over my shoulder, saw my list, and almost had a heart attack. He was literally shaking. He told me, in no uncertain terms, that that was not a job skill!!! I looked up at him and gave him my sweetest old lady smile, and said, “Well now, that depends upon the job!” He had to go sit down. I assumed that I had failed his class, but I wasn’t really worried about it. Since I wasn’t actually interested in getting a job, I have spent most of my life being an entrepreneur and true form, I just went and created my own job.
Those were the good old days. With the current price of ammunition I am out of practice now.
Speaking of the current price of gear and ammo. How does a twenty year old kid, working in a nursing home, have enough money to buy all the gear, that Mr. Crooks had both with him and at home??? I wonder if anyone in the FBI has asked that question?
Walz wasn't drafted; there was no draft. He took the king's coin, used his seniority to get out of deployment, and claimed he went to war.
People from Minnesota have told me that during his congressional reelection campaign (2008) he also claimed National Guard service in Haiti and Kosovo during the 1990s
Government spending is an education problem. The youth isn’t taught how to be informed voters, or even how to critically think, so when Liz blames corporations, trust but verify does not occur. It’s just blindly trust
We’ve been in a recession since 2008. I can’t recall any meaningful economic recovery going on 2 decades now. Any small event ruins most people’s finances for life.
I see you've surpassed the million subscribers mark. 🎉Very good. Very good for The United States Of America that people are listening to Green Berets. To real American Men such as your crew. Real American Women as your Wife, and listening to so called "hard" to discuss subjects. Love your work Lady & Gentlemen. Tip of the hat to you Sirs, & Ma'am.
Very very good.
I love the fire you guys have! You guys feel as mad as us... And rightly so!
The labor market and production conversation just reminds me more and more of F.A Hayek saying "We need to plan for competition, not against it." The amount of laws a regulations business have against them hurts that competition and makes the labor and job market as a whole just more and more expensive.
I can't help but think of the Covid shutdown, which doesn't get enough blame from either side. The left overlooks the shutdown because they got what they wanted. The right overlooks the shutdown because it happened under Trump and they want to solely blame Biden. A massive "L" for the right.
Monopolies are evil, something we constantly hear from the left. But the shutdown created the biggest monopolies I have ever seen in my life - which says a lot.
Walmart and Target sold food, so they remained open. Gamestop sold video games, so they were shut down. But Walmart and Target also sold video games so they obtained a huge advantage in the video game market.
The left kept spewing nonsense, "The shut downs didn't cause inflation, because corporations made record profits! It's from corporate greed!"
1. Profits were sky high due to inflation being under-calculated. When calculating real inflation, the profits weren't as record breaking as the left claims. Corporations also flaunted record profits to save face with shareholders.
2. Even when we adjust for inflation, record profits were still had... BECAUSE THEY CORNERED THE MARKET!
3. Inflation occurred due to lower supply and higher demand of services limited by the shut downs. Competition was largely anhialated. Since the limited supply was controlled by so few, of course there were record profits.
Yet it's "corporate greed" that is blamed....
I just hate how "natural" monopolies are evil and hurt the economy. But government made monopolies have magic real-world plot armor...
I remember when government shut downs were just talk, before Covid really hit the US. I said two things would happen. 1. Massive corporations allowed to remain open would see record profits due to competitors being strangled by regulations. 2. We would see massive inflation.
Everyone on the left dismissed these predictions. Now, they pretend the cause is greed. Sorry, but the people who predicted incorrectly don't get a god damn say.
Fort worth texas eviction rates have increased by 25%
Thats texas, where jobs exist still.
Our stock market is completely manipulated by wallstreet firm algorithms computers trading 100,000 shares per millisecond. Phantom stock shares are created to illegally control a stock price as well and all that will need to be paid back at some point. 1 company has had estimated 1000% shares increase created artificially. So 9/10 shares being traded shouldnt be on the market.
The stock market must crash, banks cannot be bailed out( all of them are insolvent), real estate must crash.
Monopolies gotta be broken up, almost everything is monopolized now. Then bring back a free market.
Yep, Monopolies, specifically in Tech but other places as well, are one of our biggest problems.
@laststand6420 and energy too
Banks won't crash. Because they'll use our own money to pay off their debts.
@@laststand6420shipping and global trade as well. No more global trade. We can produce what we need here. Only raw resources from other nations.
Even though a recession might seem imminent considering the downs and lows in the market recntly, it's important to note that recession comes with expansion if you are well prepared and equipped. I've seen folks on verified posts that turned millionaires amid economic downtrend, and even pull it off easily in a favorable economy, it all boils down to proper asset allocation.
yes there are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist
A lot of folks downplay expertise assistance until being burnt by their own emotions, no offense. I remember 4 years ago, amid covid-outbreak, I needed a good boost on my finance, hence researched for licensed advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m notwithstanding inflation.
@@J.woltz48 bravo! I could really use some help.. who is this professional guiding you please, if you dont mind me asking?
I've stuck with ‘’Katherine Nance Dietz” for 4 years now, and her performance has been consistently impressive. She’s quite known in her field, you can confirm her on the internet.
very much appreciate this.. was able to look up Katherine by her full name and at once found her consulting page, she seems impeccable !>
Austerity isn’t popular???? I am 63. I have lived in less than $50k my ENTIRE life. I have been on vacation twice…. I have little to no savings…. I have lived austerity my whole life. Sucking up butter-cups…. If that is what we need to do to fix our country, then we need to do it.
EXACTLY! Most of us "working deplorables" have been in "forced austerity" with less than $50k and are still surviving! Welfare recipients make more in total benefits than the working stiff and still complain; I feel sorry for them IF someday a president with plenty of guts and a pair of "something round" would stop those said benefits! I wish there were a candidate running on that instead of promising more handouts! I would vote for him/her in an instant! I can Dream, can I? At least that is still free!
Is a Recession imminent?
Depends if they will CHANGE the definition of recession again or not
Nick you seem to understand economics far better than most economist, or at least the government economist talking heads. We need about 50 or so more congressmen that have the understanding you do. Thanks for putting out some unvarnished truth about these things. Common sense has left the building in most all things government.
FANTASTIC show ladies and gentlemen! Very well "argued" with great examples and explanations!! Learned a lot and enjoyed a few laughs which is always needed in these challenging times. Looking forward to the next podcast...thank you all 💕 Janice
Reddit cretins would have collective heart attacks from this one episode.
Listening in from South Africa and found this discussion of stock markets, the war in the ME, and the upcoming USA elections hugely interesting. Have subscribed for all podcasts.
Lol! I love the podcast. Other than the topics of discussion, I always listen to the plug for good ranchers. This one was an ok transition into the ad, but the part that made me belly laugh was the part about there absolutely is a God because of bacon. I wholeheartedly agree. 😂
I am part Austrian Hungarian and Germany is ruined with Open Borders absolutely ruined!
A lot of crimes too..
One note on FDR's administration. Unemployement hovered around 17-20% until the late 30's. The SCOTUS at the time started ruling New Deal polices unconstitutional, and the unemployment rate started to steadily decrease.
And then FDR threatened to stack the Supreme Court... so they stopped ruling against his pet legislation.
“Tighten our belts?” Are you joking? On my social security check today, I can literally only afford utilities and my property taxes. I live on 5 entrées per week from Meals On Wheels and otherwise don’t have any food. The result is I’ve lost 100 pounds this year from malnutrition and my clothes are literally falling off of me to the point that tightening my belt doesn’t hold them on. I’m having to use bungee cords to keep my clothes on to go to the doctors office so he can give me medicine that I can’t afford to buy even with Medicare. So don’t talk to me about tightening my belt, I can’t afford a belt anymore. Yet I see that the Ukrainian government can afford multi million dollar mansions and yachts. Our current administration should be prosecuted for this!!!
Property tax!!! Omg. It is set up so even if we worked to pay off the mortgage we will still lose our home due to inflated property value to justify raping us through property tax!!! But hey, we can reverse mortgage and just give it to a bank... absolutely disgusted with the greed of politicians and wasteful government agencies.
ABSOLUTELY 💯
We aren't taught how the economy really works. Kids are taught by our government that you can spend your way to prosperity.
Kids for the last 40 years saw Mom and dads nice house, a paid off car and a paid off boat. What they do not remember was when they were little mom and they had pitching pennies and feeding them spaghetti 6 nights a week to make In's meat and get all of the bills paid off Early. Then come along with teens and those kids see mom and they have all the fun stuff and didn't know no work that was behind it.
Then they went to college and learned about car loans, and credit cards and buying on installments. And now 2 generations have found themselves up to their ears in debt.
I went to public school. One of my teachers played videos of Stossel. I can't remember what he discussed. I just remember agreeing with him, and my classmates thinking he sounded like a moron for asking obvious questions. They didn't understand that he asked rhetorical questions and they didn't really grasp the points he made.
Nick, when you come to Knoxville for GOALS, there is a Brazilian steakhouse called Brazeiros. It’s a ten minute drive from the convention center.
STEAK!!!
She chose Walz because she felt that there was a lesser chance of losing Minnesota since Trump chose Vance than Pennsylvania. The rust belt states were more closely aligned with Vance, and he has a much stronger following in those states than in Minnesota. Minnesota was always a toss-away state in the eyes of the Trump camp, as it rarely went red. Trump would love to win it, and he was making gains there recently. Pennsylvania was never going to be possible for Harris after Vance joined the ticket. This all may be a moot point, as she will lose it all in any case. She will gain a small bump in the polls during and directly after the DNC, but too much time will pass until November 5, and time is Harris' enemy when it comes to public perception. She has no real positive record to fall back on and can only rely upon attack ads and misleading voters to sway their opinions. Blacks and Hispanics have been abandoning Harris (Biden) for months now. Trump's team will start hammering Harris on her false claims of being Black (she has never been Black, but East Indian by culture!) and a moderate. She's the most Leftist politician to run for president in modern history. Only moderates from either side can win. She won't be able to withstand the onslaught. The truth is her enemy. She is nowhere as strong a candidate as even Hilary Clinton was, so her being a women won't help her. It really didn't matter who she chose. She's cooked. Trump will win this with over 320 electoral votes.
And thats why they will start a war of some crisis to try to steal it
So with all that being said, which I believe to be true, the only play left will be too mimic what happened in the 2020 election. A tragedy will have to occur which will create a smokescreen to divert The peoples attention from the real issues that they will no doubt capitalize on and take advantage of
If we abolished the IRS, abolished income tax, death tax, corporate tax, etc. and just tariffed at like 10 or 15%. There would be a net INCREASE in household wealth by 30-40% and overnight there would be no recession.
The tariffs can and would be able to fund the military and state department alone - without help. Everything else the government does is functionally useless and unconstitutional.
The key is to abolish the income/direct taxation powers of the fed government. Moving from fiat to something else will come with time. Immediate policy should focus on removal of the ability to tax, abolish most regulation, and focus on legal consequences for destruction of property and people. Those laws already exist.
Regulations are to prevent competition not protection.
The hard core realism coming from this group wakes me up like jumping into a cold shower in the morning. Keep on keeping it real.
When my stimulus check came in, I looked at it and thought "This is not going to be worth the inflation". I was 100% correct, I would much rather have never received that stupid thing and had low inflation than what we have now.
Realistically, the inflation was coming with or without that check. The way government was throwing money around it was unavoidable.
$600 per week to those who government forbade from work. More in fraudulent ppp loans. All the money going to COVID vaccine research while allowing the pharma companies to keep the profits. Bank bailouts. That money was being spent whether you and I got a small fraction of it or not.
This government has been printing money for foreign countries like Ukraine
Americans: “I don’t think the economy can get much worse”
Bidenomics: “Nonsense!”
What part of "people are manipulating the foreign currency exchange for Japanese Yen" do you figure Biden had a hand in?
1:50:00 lmfao 🤣🤣 If that's what you want to be your Fort Sumpter, then bring it sweet cheeks
1:21:07 not just steel, gravel for concrete, oil for plastics.
Ideally a nation is self sufficient for employment, civil engineering, community engineering, and leisure items.
Shame I can't like more than once
1:54:37
"Rules for you,
But not for me"
The truth we see.
Hypocrisy.
Yes, the yield inversion is pointing to a depression. And a bunch of other stuff is as well. Probably when they will try amd pull the great reset the wef has been drooling over.
anyone who is part of google or yt has already sealed their fate.... I highly doubt those companies will survive what's coming...
Get your wheel barrow for bread 10.00 Venezuela!
We call him Herr Walz in the Land of Rocks & Cows.
I know so much more than I did, but boy, do I have a headache. I guess I didn't know how much I didn't know. =) Thank you for all your time to help so many understand more! I appreciate you all.
The scary thing is companies like Lockheed and the military contract companies stock went up while everything else went down... Let that sink in.
The currency you hold only loses value because people are printing money. Old coins and notes are worth more than their face value because of how much was used up, worn out and destroyed.
This is why buying gold and silver is one of the best investments.
The currency we hold has 0 value. It only has the illusion of value because its based on trust. Its backed by treasury bonds that are literally backed by nothing but trust. It will come down and soon and what will occur is a global famine with currency collapses everywhere. People really do not understand what is coming. Personally I hope I die before it happens.
Cash will always be King.
I will work for $7 per hr paid in pre 1965 silver coins ONLY
It’s always just a matter of time until the next recession with how our economy is managed. We had recessions in 2020 and 2022 and yes the next could easily be this year or next.
That phrase she used is a communist/Marxist chant, not just a weird phrase. It just blends in with everything else she says
This was very informative thank you! And I really appreciate leaving party out it’s all about info.
Yo … bat crap crazy has left the station a long time ago … I really appreciate you!! Thanks 🙏
Could be worse… could be Canadian
How can you guys not say that we're already in at least a recession. It's so expensive for a majority of people in this country just to live
Lube your garden tools.
Nick, pick up the Laffer book Taxes Have Consequences. He has a very insightful view of the 1929 Stock Crash real cause (tariff) and the effects of taxation ramp in 1932+ income and property). Great you included the W Wilson+Wife allowing Fed Res launch.
We’ve been in a recession for almost a year now…
Venezuela is a very present example of big goverment spending money it does not have
It’s not a debate. America is a constitutional republic.
The economic episodes are my favorites.
Demand alone (30:32) does not change cost of production unless SOMEONE says hey, I can raise the price and people will still by this. So there is still an arbitrary factor of the seller saying to himself I have more buyers and almost instituting a type of bidding system of who will continue to buy this as I increase my profit margin?
Love seeing and hearing from your wife!
Excellent discussion 😊
I'd vote for nick for any office he would run for
Happen fours of the making.
We’ve been on recession for a while. What’s coming is worse than the depression
Whats your thoughts on the United Nations and their involvement in an attempt to regulate Americans ?
Would love to hear your take on Neil Howe’s “The Fourth Turning”.
Love that y’all cover so many different topics.
Thanks Nick
They did in fact artificially keep diamond prices high. They kept inventory from the market.
Lets Go!!! Love you man...please run for higher office
Hard times are coming no matter what. We can control the pain by doing the correction ourselves, or natural consequences will kick in, that we can't control, and the pain will unbearable.
I hate the anthropomorphic moniker of "the market". We all need to try harder to say what we really mean.
Thankyou. That was Very Informative!
I couldn’t agree more with what you guys said about businesses I own a small construction company in Pennsylvania and it costs nearly 1/2 of my income to keep the business operating. Constant audits constantly increasing tax’s and fees. $700 a month for workers comp. Need payroll insurance unemployment insurance liability insurance. Paperwork that needs to be files by accountants and year after year they want more money at the end whenever they already make 6 automatic withdrawals from my bank per month. I have 2 employees
When google. change your country on your vpn. When I googled for example, Trump assassination attempt it popped up immediately, when I put in USA as my position on my vpn all what your'e saying about manipulation is fully true. Had to wright full sentence.
Don't use Google
@@calvins1837 I've got Tor and Duck Duck to. So yes I agree google is fishy, pun intended.
For every action there is an equal and opposite reaction!!
The fed reserve shouldn't exist
We must bear the austerity if we want to get by. I really want a burger right now though...
Thanks for the knowledge.
This was an amazing conversation. Thank you guys for what you do!
Down here in Texas, native Americans are by far the minority. As Texans, We have been telling our friends for years that pretty soon. Texas would just be illegal immigrants. The rest
Of the US is feeling that sympathy now as well.
Is the c3nsorship coming down hard now that your channel reached 1 million subs? Someone commented this concept a while ago.
15:04 Just as a heads up, the money the government gives to the fed is for distribution. Treasury has an account on the fed balance sheet.
When the fed buys treasuries they just simple increase the balance in the treasury side and use that to count treasury purchases.
No money changes hands.
Start early with diversified investments in Bitcoin, stocks, bonds, and real estate. Maximize contributions to tax-advantaged accounts like 401(k)s and IRAs. Regularly review and adjust your strategy to ensure security..
I feel sympathy for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Sir Brian! Imagine I invested $50,000 and received $190,500 after 14 days
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.
The American Republic has hard limitations to prevent direct democracy, and they are VERY intentional and significant. So it's important to call it a republic and NOT a democracy. The ancient Greeks PROVED democracy sucks thousands of years ago, and the Romans heeded this to form their own republic (So did Carthage, probably). The word "democracy" should be a cringe word like liberal or woke. It's a necessary evil because you can't have a republic without it.
Does anyone know which video he's referring to when they talked about this?
Ukraine and war corporations of every inch of Ukraine and for soil and minerals! Sold us out!
this next DEPRESSION will make the last one look like a cakewalk!!
Immanent? We have been in a recession for 3 years
4:49 😂 its hilarious trying to sell a subscription while talking about economic collapse
Love your show!
1:01:33 its not the decoupling of currency from gold that destroys us, it was attaching it to gold at all that open the door to our financial demise
1:39:57 The other issue with Walz’s “service” is he *lies* about having combat experience in order to score rhetorical points on gun control.
Do you guys think you could chapter your videos? I'd like to go back to specific parts for some of these videos to use arguing points 😂
During covid we had more printed "money" than goods. Now we have more goods than money. One leads to the other
If I recall my 7th grade History teacher, who happened to bear a strong resemblance to actor, Sam Elliot, “war is good for economies”. 1:06:23
Going by acceptable and honest economic standards we have been in a recession for a long time already.
It's the same recession, just starting to bottom out.
Already in a depression...and now I'm just waiting for he candle to be lit.
Enjoy your show. You should check the new law in Minnesota regarding standing your ground protecting yourself that you should run and let the criminal terrorize you.
38 YEARS AGO I PAID 20,000.00 FOR MY CABIN WITH NOT AN ACRE, AT 15% INTEREST, TODAY IT'S ONLY VALUED AT 21,000.00!!!
I think the question about " is there still gold in ft knox" - is more about - whether we could go BACK to currency being tethered to gold. Is there ENOUGH gold/ silver/other "precious metals" etc- to go back to a gold standard - and what difficulties/disruptions would/could that cause.