@@bretts2320 The transfer mechanism is the value. Literally being able to send large sums of value for pennies on the dollar without begging your bank for permission.
Still knocking it out of the park Hugh! Gotta hope any impending crash is not so big that the politicians are corralled into taking emergency measures.
Not a bot. dont delete!! Maybe I'm a bit Autistic, ADHD, and a Stoner... but, hear me out ....the average person is underpaid, underfunded, financially illiterate/undereducated, debt burdened, priced out due to inflation/cost of living, and has a reduced standard of living. The writing is on the wall for a slowdown simply due to the knee jerk reaction and supply chain corrections that always occur after a supply shock... VIX, unemployment, and defaults are climbing. The yield curve is Uninverting, copper has been on the decline, and the consumer worldwide is pulling back or deal hunting only... and gold is on a rally, these all seem like strong recession indicators to me?!?!?! Also, this is on top of the current asset bubble that is pure speculation, and fueled by rampant decades of money printing flowing into the purchase of assets seeking yield. The bubble will pop ... the will of or the people itself will break... a correction is coming purely based on economic, market, monetary fundamentals and socioeconomic breakdown.
I know. He seems clueless. And the interviewer made a reference that Hugh’s hedge fund didn’t work out. Hugh corrected that guy every chance he got from that point on.
Lot’s of people watching this video should look again. Hugh isn’t high. He has no frigging care. He cashed out and is having the time of his life in St Barts #TLT
The monetary system has evolved since 1690, not by natural forces; but rather by the designs of bankers, who profit by their manipulations. Therefore, what you are experiencing today is not what it was in 1940, or in 1900 or in 1860 etc. It is important to keep this in mind, that the currency system is still in a state of flux, and ever further manipulated to advantage the banker and politician, and disadvantage further (steal from ) the ignorant common people (99.9%, ) but we the people dont understand this, or the extent to which monetary practices have evolved to steal from us, because in our minds we work for money, our parents worked for money and so did our grandparents, so isn't it all pretty much the same with a little bit of inflation ? Hell no ! There have been massive machinations and manipulations designed to harvest your work and energy to the advantage and privilege of a few. And because monetary principles are abstracts that cannot be seen with our eyes, they require mental effort to get our heads around. They are in fact, a completely separate topic to practical daily living, yet they effect our daily life totally. The first principle to understand is that you have been robbed of real money by successive bankers, because the whole idea of 'Money ' is to hold something of real value as your own property, and to receive something of real value for your labour and productivity. But you get nothing, you get zero of value. You get paper, or plastic or electrons for your work and efforts, and these, having no fixed intrinsic value weight or measure, can therefore be manipulated and devalued before you even believe you have it, and faster than you can accumulate it. Devaluation through inflation is the insidious tax your vote or will has NO power to address; the banker alone retains that privilege, and uses it to rob you every second of every year, night and day. You have been hood winked by slight of hand and mind into accepting a constantly devaluing IOU for nothing, all at the point of a gun, because 'legal currency ' means, you shall accept this degrading note alone for your labour, or the armed sheriffs will pay you a visit, and commit further theft and violence upon you, as the state retains to itself the Exclusive franchise to exercise violence. When the State does violence, that's OK. Your forefathers were paid in real money, Gold and Silver, but the bankers were limited in what they could loan out by metalic money, so they sought to do away with it, and they invented the promissory note, the 'bank note' which promised to be redeemable for a Silver or Gold coin. They did this to remove the natural restriction on what they could loan out, because new debt at interest is their primary tool of harvest. Then, gradually, they removed the metal altogether, telling you it was for your own good, because now you could have a booming economy and more commerce, and no limitation on how many hours both you and your partner could work . (The 'full employment' mandate simply means you all shall work all of the time until you die, but in the 1700s 6 months work would keep you alive all year if you owned your land. ) Once they had the Exclusive note printing power, they went to town, printing any amount their bought servants in government wanted, creating the national debt, whereby an unborn child is born in servitude and serfdom to an now $100,000 to $ 150,000 debt to who ? That would be the share holders of the Federal Reserve if you live in the United States, or the Central Bank in your country, and also the large private banks, for once government abrogated the currency creation power to both the Central and large private banks, they must then go cap in hand to the banks to build new public infrastructure. So now every county, state and nation has indebted their ' citizens' in totally unpayable debts to the currency creators. Meanwhile after Bretton Woods the Federal Reserve sent its agents around the world to ensure that all Central banks were created in its own image, doing exactly what it does, so no one shows them up, even though quite a few Central banks are not privately owned like the Federal Reserve is, yet they still create ALL new Currency as Debt which indebts you, your children and grandchildren forever. That is a small taste on the first faulty monetary principle and that's before we talk about the unpayable interest on the new worthless currency that they create for zero cost. There are 4 faulty monetary principles in practice that ensure 99.9% will live in servitude to the .1% Unless you educate yourself and then teach your children and grandchildren, you will remain enslaved, 70% of your work goes to the bankers and bureaucrats.
Enjoyed this and will watch more of your content. Meant as constructive criticism: I found the chimes with the supplemental info a little annoying and I don't think you need the Bear images and sounds.
Same reason it never became anything other just another asset to maintain purchasing power. It’s not the fastest horse. Look at gold denominated in bitcoin price, it’s only became cheaper to buy because bitcoin is a greater store of value vs currency debasement
@@Al_Eth I agree about crypto, my point was that he said that gold is in a bubble and it doesn’t seem like that would matter if we are at the end of a currency regime. All “hard” assets should be rerated higher.
@@timothycarne3151 yeah that’s true. FIAT is a ponzi so asset prices will only continue to rise optically with debasement. Golds been pretty poor when you compare it to the m2 growth but assets will continue to be rerated higher
10:55 Future ain't coming for you in linear spreadsheets :) - HH Q: How does a retail investor buy options to buy long dated US Treasuries or options to buy TLT?
LOL. I remember Hugh from back in his jumper-wearing days. He is de-ageing disgracefully, just like me. Very cool guy now, would like to meet him one day and talk macro...if i could get a word in LOL.
@@Madgistr8 all ponzis perform until they don’t. That’s why they are so effective. And in a world of printed money, the charade can go on longer than ever before, but remember. The controlling stake is owned by someone we know not who? they can crash the market anytime. Bitcoin whales and Saylor using Ponzi leverage economics. That will only work so long as they keep printing, But even then there comes a point where even printing won’t stop the destruction of the real economy and Bitcoin along with it.
I see and understand the beauty and concept of bitcoin and how many problems it could resolve, BUT the simple fact remains that we are animals (humans), we don't live in a metaverse, and Average Joe will never agree to dig holes all day in exchange for it. He wants cash, food, precious metals, PHYSICAL things. I hope it's not the only asset you own.
Because one has a network effect far greater than the other and is hard capped and decentralised. PEPE and the rest are shitcoins someone can make in their mom's basement
well... ... not the highest rates - but the highest capital costs / parasites` income one has to pay with every good and service you need to buy... Welcome to capitalism. Enjoy!
The global usery cycle is about to change and provide dividends for reserve bank shareholders. Producing the crash then buying the bottoming real assets. Yet again!
I enjoyed hearing Hugh’s comments. However, between the two commentators constantly talking over and interrupting him and all of those ridiculous sound effects, it was a very annoying conversation indeed.
I really enjoy the conversation but all the little tunes and animations are quite distracting. Why the shit can’t we just sit and listen to a lively discussion on a deep network of topics?
@@Ryan-re3jf you would be wrong back in 87 I got a $600,000 mortgage at 13%,, they took everything I had to make that payment every month was able to refinance five years later for 8% and that’s what I paid for the rest of the loan. I don’t see the difference.
@@pauldemeester9298 compare that in mortgage interest, it’s like buying a $2m house today. The interest on your 13% mortgage would have been $1.4m. Now at 7% on a $2m house it’s $2.2m in interest…
I hold BTC because it can not be inflated and is easy to travel with but I prefer gold as a hedge against inflation and government stupidity in a worst case scenario because It also can not be inflated and I can hold it (or hide it) and it will always have some value no matter the market not to mention it is the longest standing form of money in the history of money.
Lmmfao, wait till bitcoin gets the futures market beat down like silver does. Digital fairy dust. At least you can hold gold and silver. It doesn't produce cashflow. Give me a REIT any day over bitscam. People pay rent and mortgages. I'll take pot stock LPs like TLRY too. It produces products for resale
@@tubesoupio when people ask me why I buy gold I say for the same reason every central bank is gobbling it up at record rates. I doubt these countries just really like jewelry. lol
"If you want to see the future you gotta get high"
- hugh hendry
Jesus can only save us from the money changers.
Bitcoin is like Jesus overturning the corrupt money changers tables to restore fair weights and measures.
El Salvador means The Saviour.
Ha except that it has zero value beyond a transfer mechanism
@@bretts2320 The transfer mechanism is the value. Literally being able to send large sums of value for pennies on the dollar without begging your bank for permission.
He warned us, but we let them rule our lives.
@@bretts2320do your 100 hours of research then come back again try again
Cool editing.
Also "Get high to see patterns" - yes
Great stuff, thanks again!
Still knocking it out of the park Hugh! Gotta hope any impending crash is not so big that the politicians are corralled into taking emergency measures.
Not a bot. dont delete!! Maybe I'm a bit Autistic, ADHD, and a Stoner... but, hear me out ....the average person is underpaid, underfunded, financially illiterate/undereducated, debt burdened, priced out due to inflation/cost of living, and has a reduced standard of living. The writing is on the wall for a slowdown simply due to the knee jerk reaction and supply chain corrections that always occur after a supply shock... VIX, unemployment, and defaults are climbing. The yield curve is Uninverting, copper has been on the decline, and the consumer worldwide is pulling back or deal hunting only... and gold is on a rally, these all seem like strong recession indicators to me?!?!?! Also, this is on top of the current asset bubble that is pure speculation, and fueled by rampant decades of money printing flowing into the purchase of assets seeking yield. The bubble will pop ... the will of or the people itself will break... a correction is coming purely based on economic, market, monetary fundamentals and socioeconomic breakdown.
Well said sir!
Did you miss 2022 friend? 23/24 has been the mean reversion trade.
Agree.
I say buy land and save in a savings account.
Stay away from liability, that's it.
Excellent editing and excellent interviewing to keep hendry on track
I'm ready for what ever comes.
Very nice interview sir Henry .. thet Yahoo guy, feel sorry for them .. they really dont understand whats going on and what will happen to them ..
Lol at suit actually answering HH's rhetorical about valuing gold. 😂
Only a Glaswegian can come with the phrase "The highest rates since Jesus"
Hugh was quoting Helmut Schmidt who said it in the late 1970's.
@@daedalusjones38041971-81 rates rose from 2% to 20%. It's very similar to today.
@@daedalusjones3804 ahh, thanks for Eduschation.
Hugh: The DOW took 25 years to regain the high. Interviewer: "along with stocks too". At this point Hugh must be wondering who these guys are.
I know. He seems clueless. And the interviewer made a reference that Hugh’s hedge fund didn’t work out. Hugh corrected that guy every chance he got from that point on.
As soon as you lit that sig on the video and you said you was Smart af. I had to for sure like the video at the very lease 😂
This made sense to me.
👍🏻 ponzi channel guy sent me 🤠
my favorite person to listen to on RUclips AND you look dynamite btw.🔥🔥🔥
"I'm the smartest, 'dumbest' looking person" - HH This is why I respect Hugh. Also great edit 💯
Lot’s of people watching this video should look again. Hugh isn’t high. He has no frigging care. He cashed out and is having the time of his life in St Barts #TLT
The monetary system has evolved since 1690, not by natural forces; but rather by the designs of bankers, who profit by their manipulations.
Therefore, what you are experiencing today is not what it was in 1940, or in 1900 or in 1860 etc.
It is important to keep this in mind, that the currency system is still in a state of flux, and ever further manipulated to advantage the banker and politician, and disadvantage further (steal from ) the ignorant common people (99.9%, ) but we the people dont understand this, or the extent to which monetary practices have evolved to steal from us, because in our minds we work for money, our parents worked for money and so did our grandparents, so isn't it all pretty much the same with a little bit of inflation ?
Hell no ! There have been massive machinations and manipulations designed to harvest your work and energy to the advantage and privilege of a few.
And because monetary principles are abstracts that cannot be seen with our eyes, they require mental effort to get our heads around. They are in fact, a completely separate topic to practical daily living, yet they effect our daily life totally.
The first principle to understand is that you have been robbed of real money by successive bankers, because the whole idea of 'Money ' is to hold something of real value as your own property, and to receive something of real value for your labour and productivity.
But you get nothing, you get zero of value. You get paper, or plastic or electrons for your work and efforts, and these, having no fixed intrinsic value weight or measure, can therefore be manipulated and devalued before you even believe you have it, and faster than you can accumulate it. Devaluation through inflation is the insidious tax your vote or will has NO power to address; the banker alone retains that privilege, and uses it to rob you every second of every year, night and day.
You have been hood winked by slight of hand and mind into accepting a constantly devaluing IOU for nothing, all at the point of a gun, because 'legal currency ' means, you shall accept this degrading note alone for your labour, or the armed sheriffs will pay you a visit, and commit further theft and violence upon you, as the state retains to itself the Exclusive franchise to exercise violence. When the State does violence, that's OK.
Your forefathers were paid in real money, Gold and Silver, but the bankers were limited in what they could loan out by metalic money, so they sought to do away with it, and they invented the promissory note, the 'bank note' which promised to be redeemable for a Silver or Gold coin.
They did this to remove the natural restriction on what they could loan out, because new debt at interest is their primary tool of harvest. Then, gradually, they removed the metal altogether, telling you it was for your own good, because now you could have a booming economy and more commerce, and no limitation on how many hours both you and your partner could work .
(The 'full employment' mandate simply means you all shall work all of the time until you die, but in the 1700s 6 months work would keep you alive all year if you owned your land. )
Once they had the Exclusive note printing power, they went to town, printing any amount their bought servants in government wanted, creating the national debt, whereby an unborn child is born in servitude and serfdom to an now $100,000 to $ 150,000 debt to who ?
That would be the share holders of the Federal Reserve if you live in the United States, or the Central Bank in your country, and also the large private banks, for once government abrogated the currency creation power to both the Central and large private banks, they must then go cap in hand to the banks to build new public infrastructure. So now every county, state and nation has indebted their ' citizens' in totally unpayable debts to the currency creators.
Meanwhile after Bretton Woods the Federal Reserve sent its agents around the world to ensure that all Central banks were created in its own image, doing exactly what it does, so no one shows them up, even though quite a few Central banks are not privately owned like the Federal Reserve is, yet they still create ALL new Currency as Debt which indebts you, your children and grandchildren forever.
That is a small taste on the first faulty monetary principle and that's before we talk about the unpayable interest on the new worthless currency that they create for zero cost.
There are 4 faulty monetary principles in practice that ensure 99.9% will live in servitude to the .1%
Unless you educate yourself and then teach your children and grandchildren, you will remain enslaved, 70% of your work goes to the bankers and bureaucrats.
If feel like I'm watching Sesame Street with the pop up explainers.
Awesome assessment on gold...
This guy was high as sh@t 😂
Nooooo?
great interview bro
Federal reserve means well? 😂 keep doing those hits my man.
Enjoyed this and will watch more of your content. Meant as constructive criticism: I found the chimes with the supplemental info a little annoying and I don't think you need the Bear images and sounds.
these interviews are pretty good
Hugh you are a legend
Nice work bruh
" buy things when theyre going up , sell when going down."
Genius insight...
So if we are approaching the end of a century long monetary experiment, why wouldn’t gold be a good place to preserve value?
Same reason it never became anything other just another asset to maintain purchasing power. It’s not the fastest horse. Look at gold denominated in bitcoin price, it’s only became cheaper to buy because bitcoin is a greater store of value vs currency debasement
@@Al_Eth I agree about crypto, my point was that he said that gold is in a bubble and it doesn’t seem like that would matter if we are at the end of a currency regime. All “hard” assets should be rerated higher.
@@timothycarne3151 yeah that’s true. FIAT is a ponzi so asset prices will only continue to rise optically with debasement. Golds been pretty poor when you compare it to the m2 growth but assets will continue to be rerated higher
Based on charts gold has already made a huge run, a little more? Sure @@timothycarne3151
Even if in a bubble, markets can remain irrational longer than you can remain insolvent.
Time for some table flippin Jesus 💪
10:55 Future ain't coming for you in linear spreadsheets :) - HH
Q: How does a retail investor buy options to buy long dated US Treasuries or options to buy TLT?
It's Jeff Spicoli from Fast Times at Ridgemount HIgh.
LOL. I remember Hugh from back in his jumper-wearing days. He is de-ageing disgracefully, just like me. Very cool guy now, would like to meet him one day and talk macro...if i could get a word in LOL.
.....tick-tock......tick-tock......tick-tock.....s&p500?.....magnificant7?
Regards -
When I hear bitcoin spruiking, I leave,,, Byeeeee 👋
I'm not sure what spruiking means....but the fact that you won't listen is a bad sign.
@@TheTraderGuy the fact you won’t Google Spruiking is a very bad sign.
Why? It's a strong performing asset.
Seems odd to not allow yourself to listen to comments on it
@@Madgistr8 all ponzis perform until they don’t. That’s why they are so effective.
And in a world of printed money, the charade can go on longer than ever before, but remember. The controlling stake is owned by someone we know not who? they can crash the market anytime.
Bitcoin whales and Saylor using Ponzi leverage economics. That will only work so long as they keep printing, But even then there comes a point where even printing won’t stop the destruction of the real economy and Bitcoin along with it.
I replied with articulate comment, But it was never posted of course. Getting real tired of this.
Hugh, a company called Arizona Sonora Copper. You and the CEO would get on like a house on fire.
Awesome.
I’m loving this thumbnail Hugh - awesome
Hugh is gonna love it in a few years when rates are 50% because of state actors borrowing at any cost for data centres and fusion power plants for ai
I love this guy!
1934 gold revalued to $35, adjusted for inflation is $820 an ounce today
@@scottg1911 $35T in national debt and derivatives in the quadrillions, gold should be adjusted to $80k per ounce at a minimum.
Just say no to drugs 🐿
Bitcoin is the bridge to hope, it's the only asset I buy now, it's the most pristine asset we have ever seen...
nonsense
I see and understand the beauty and concept of bitcoin and how many problems it could resolve, BUT the simple fact remains that we are animals (humans), we don't live in a metaverse, and Average Joe will never agree to dig holes all day in exchange for it. He wants cash, food, precious metals, PHYSICAL things. I hope it's not the only asset you own.
Physical gold
@@tubesoupionailed it!
@tubesoupio Our children have no concept of cash. They will use their phones to purchase goods and services.
This guy is long time is shorting markets and is evident, let’s see how long he last! Markets will correct for sure one day but not now!! 😂😂😂
Rock🎉 star....safe heaven...zroz baby !!!
So...what would happen to 30 year treasuries if the Yen did go to 250?
If you want to buy bitcoin bcs the marketcap is way smaller then gold then why not buy Pepecoin or something like that bcs It's way smaller...
Because one has a network effect far greater than the other and is hard capped and decentralised. PEPE and the rest are shitcoins someone can make in their mom's basement
😮 was funny for the host that Hugh Henry's appearance would suggest he is no longer in the financial profession. It's almost funny.
Is he wearing a razor blade on a chain lol
well...
... not the highest rates - but the highest capital costs / parasites` income one has to pay with every good and service you need to buy...
Welcome to capitalism. Enjoy!
The current interest rates were normal prior to 2009
But the debt load is not…
Why is the host so orange and stiff? I'm not chasing that carrot.
Weird combo of hosts.
Hugh was pretty nonchalant about gold 30% ago.
The global usery cycle is about to change and provide dividends for reserve bank shareholders. Producing the crash then buying the bottoming real assets. Yet again!
Great thumbnail.
If crypto triples so will cost of your rent, groceries and bills.
I thought you were going to say AISC
To continue the biblical references, the money-lenders in the temple will turn over their own tables...
The background is kinda unnecessary, sound effects are also… content was great.
Be playful… be curious… be mischievous… buy BITCOIN! 😊✊
Who cares about interest rates. Sickeningly high prices are what is killing the working class!
What you're talking about is the REAL interest rate.
Hugh is the Riddler, hard to decipher what he is really saying. I like his energy though.
Quoting Buddha gets extra points ❤
Bitcoin is amazing until the internet is down, Not a perfect form of money, duh...
Punting Bitcoin at a double top....
Bitcoin is half way through it"s bull cycle. There might be pullbacks to shake out weak hands though.
I enjoyed hearing Hugh’s comments. However, between the two commentators constantly talking over and interrupting him and all of those ridiculous sound effects, it was a very annoying conversation indeed.
How does he get to a figure of 16.5% for gold as a percentage of GDP currently ? explanation please. HH flatters to deceive.
Who will buy treasuries? Stablecoin issuers.
I really enjoy the conversation but all the little tunes and animations are quite distracting. Why the shit can’t we just sit and listen to a lively discussion on a deep network of topics?
Will not you're paranoid
Hahaha.same old crap
Highest interest rates ever, what are you talking about back in the 80s? It was 13 ,14 even 15%.
If you listen it’s because the impact they have is much greater given the debt burden. What’s worse, 5% interest on $1000 or 15% interest on $10….
@@Ryan-re3jf you would be wrong back in 87 I got a $600,000 mortgage at 13%,, they took everything I had to make that payment every month was able to refinance five years later for 8% and that’s what I paid for the rest of the loan. I don’t see the difference.
@@pauldemeester9298 compare that in mortgage interest, it’s like buying a $2m house today. The interest on your 13% mortgage would have been $1.4m. Now at 7% on a $2m house it’s $2.2m in interest…
Bitcoin cult
You'll join to, everyone pays the price of Bitcoin that they deserve. You'll just pay a higher price ✨
@@themakerofmagic I'll never buy it.
Nobody wants gold! Useless metal! Bitcoin is the universal asset!
With price set by Blackrock. The irony.
I hold BTC because it can not be inflated and is easy to travel with but I prefer gold as a hedge against inflation and government stupidity in a worst case scenario because It also can not be inflated and I can hold it (or hide it) and it will always have some value no matter the market not to mention it is the longest standing form of money in the history of money.
Lmmfao, wait till bitcoin gets the futures market beat down like silver does. Digital fairy dust. At least you can hold gold and silver. It doesn't produce cashflow. Give me a REIT any day over bitscam. People pay rent and mortgages. I'll take pot stock LPs like TLRY too. It produces products for resale
LOL ok kid, name ONE time in recorded history when gold wasn't absolutely cherished by all of mankind.......i'll wait.
@@tubesoupio when people ask me why I buy gold I say for the same reason every central bank is gobbling it up at record rates. I doubt these countries just really like jewelry. lol
Hugh, love it as always. Slightly uncomfortable to watch someone like you talk to people like that.
Hmmmm, like “that”? You mean honest and direct? I thought he was extremely skilled and fair when he corrected their language to “lower value”!
@@justincase3108 I think you misunderstood what I was saying.
I know you are trying tobe clever with the pop up and goofy graphics...but please, stop.
These two make Regis and Kathy Lee look like Miton Friedman & Anna Schwartz.
Lose the friggin glasses and waaaay too much Brylcream