US Banking Crisis: The TRUTH Behind The Disaster & How It Will GET WORSE... | Robert Breedlove
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- Опубликовано: 17 апр 2023
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On Today's Episode:
The banking crisis we’re experiencing has us at a tipping point we can’t ignore. Hopefully it's causing you to be more thoughtful about money, what it really is, how it works, and how you can better leverage it.
The banking system is set up in a way that encourages hyperinflation and incentivizes more debt and investment strategies as a hedge against inflation. The current $8 trillion dollar bailout package happening over the last three years is 10 times over the 2008 bailouts! This is for sure cause for alarm.
Robert Breedlove has been the bitcoin philosopher and thought leader for hundreds of millions of people. He’s a freedom maximalist, and bitcoin philosopher that offers food for thought that can melt your brain. His breakdown of inflation being a version of legal theft will grab your attention when you hear about inflation from the context of systemic theft.
How many more trillions of dollars will the Fed continue to print and how many more banks will have to collapse before we have your full attention on the economic disaster happening?
QUOTES:
“Inflation is legal counterfeiting, counterfeiting is criminal inflation. So central banking is a coordinated currency counterfeiting cartel that runs the world.”
“Only in the fraud of fractional reserve banking is the specter of a bank run even possible whatsoever. I think that's very important to note.”
“This entire system of fractional reserve banking is not made to persist. It cannot persist over time because you fundamentally have a mismatch of assets and liabilities.”
“The central bank has not only the precedent but also the incentive to continue printing the money until the currency hyperinflation into worthlessness.”
Follow Robert Breedlove:
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Twitter: / breedlove22
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Podcast: whatismoneypodcast.com/
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WARNING: I will never ask for your contact info in the comments section, that is someone impersonating me!
I agree with almost all of this video. But I don't believe this banking crisis is really a crisis. I think people simply moved their money from smaller banks to larger banks. So the money is still in the system, only it's moved from one location to another. If it were truly a crisis, the FED would stop raising rates now (or maybe lower them a bit). Instead, they are probably going to raise rates one or two more times. I don't agree with that decision, but that's for another thread. I will say this. They are trying to engineer a recession before the 2024 election to get republicans into office.
what your not the one managing my 100k account'???? but you promised!@ lol
@@henrythegreatamerican8136 Actually this is terrifying. Moving $$$ from smaller (decentralized) to larger banks (centralized), will pave the way to the coming CBDC, that the 'ruling class' wants. Which will pave the way for further tyranny.
Carl Marx wrote the 10 planks of communism, a central bank is the key to making all other 9 planks able to exist. Centralization is a monopoly which will always lead to evil.
the world's economy should not be limited by the amount of fiat we print or physical gold existing on earth...but rather on the actual productivity each person is able to produce.
Robert is absolutely 100% right about central banks counterfieting. Franctional reserve banking only works with debt based currency and not if it is backed by gold. 12:20 what I want to add is that this money printing by fed is a ponzi scheme and fed needs new idiot buyers of their IOUs. The reason it will collapse the system soon is because of what's happening in the world right now. Look at India, China, Russia, Brazil and many countries making bilateral/trilateral deals to ditch the dollar and use their own currencies for trading. This will mean that the other countries in the world will not need to buy IOUs from the US treasury. Less dollar demand = you hyperinflate the dollar in the US.
When will the dollar collapse? About time when BRICS introduces other currency backed by commodities and gold. I can tell you that other countries are scared about US and the financial system and they are making sure they make a alternate currency to shield themselves from the US dollar collapse. It will be like a nuke goes off in the financial market and everyone wants to make a bunker to hide from the fallout.
It's quite simple why rates are climbing with rising imports and falling exports, the FED is obviously to be blamed for banking crisis. Something will eventually break if they keep the quantitative tightening and higher interest rates. Is this really a good time to have some savings in stocks?
first austerity, then brexit, now widespread bank failures. always do your own research & speak to a license advisor before thinking about putting your money into these crazy markets .
Exactly, most youtubers said the market would be fine few months back, but it's been a major downturn. Luckily, since the rona-outbreak in 2020, I've avoided the drawback of trial and error by simply following professional guidance. I'm semi-retd and work only 7.5 hours weekly, with nearly $1m ROI after subsequent investments to date.
This sounds interesting. My portfolio is in the red. Can you recommend your analyst, please?
Natalie Noel burns is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Since Biden took office, there seem to have been more unfavorable results in America. These results include effects on the markets, such as price declines and sharp increases in inflation, as well as bank failures. I wonder if the sudden increase in interest rates will help value investors or if it would be wiser to stay away from the stock and financial markets for the time being.
To "buy the dip" It will be profitable in the long run. However, investors should be wary of the bull run. It is advisable to connect with a skilled adviser to fulfill your growth objectives and prevent mistakes. High interest rates typically result in lower stock prices.
I truly enjoy having a portfolio coach to help me make market judgments on a daily basis. They possess a special combination of abilities that enable them to take both long and short positions, benefiting from the possibility of significant gains while also safeguarding against downward turns. I have had a portfolio coach for more than two years and throughout that time I've actually earned over $645k. It's a great experience!
@@hunter-bourke21 How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Camille Alicia Garcia, maintains an online presence that can be easily found through a simple search of her name on the internet.
@@hunter-bourke21 Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
I'm afraid of making fatal money mistake and going broke again. I'm in my 30s and I'm here for some advise
Earn more than you spend. Saves you a lot of worries
I am 61 single no kids, I had an advisor that had me living on only Soc Sec and Pension whole she had my IRA Grow to $2 Million and I thought WHY wud I want to eat gruel like scrooge w $2 million in the bank! I want to Travel a0nd enjoy Retirement I worked hard for this money!
@@debrab7844 What is the name of this advlsor that grew your IRA to $2million? I could really use her services.
@@AndrianWiener She's Kathleen Carole Yanelli. You could just go ahead and look her up
@@debrab7844 Great. Found her webpage
A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
These are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The bigger the red candles, the bigger the green ones.
Investing in stocks can be a wise decision, especially if you have a dependable trading system that can lead to successful outcomes. Personally, I've been working with a financial advisor for about a year now. Starting with less than $200K and I'm now just $19,000 away from making half a million in profit.
@@kenanporubsky2122 I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same. Is there any chance you could recommend who you work with?
@@hermanramos7092 my advisor is ‘’Catherine Morrison Evans ’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@@kenanporubsky2122 I just Googled her name and her website came up right away. It looks interesting so far. I sent her an email and i hope she responds soon. Thanks
Boston Fed President Susan Collins said the central bank may hike interest rates further and will likely need to keep rates elevated for a "substantial" period of time. I’m thinking of investing $400k into my stock portfolio but unsure about the market.
I think to best thing to do when unsure about how to invest a huge sum in the market is to seek the help of an advisor.
Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, , and in just a few months, I was able to earn over $950K in net profit from high dividend yielding stocks. you should try it if you're unsure about the market.
Pls who is this coach that guides you? I’m in dire need of one
My advisor is *Sharon Louise Count* she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing
The relationship between external factors such as inflation data and the Federal Reserve's decisions and their impact on the cryptocurrency market, particularly Bitcoin, is truly intriguing. As the financial landscape undergoes rapid transformation, it becomes crucial to recognize the increasing significance of alternative assets like Bitcoin and embrace adaptive, innovative approaches. In the midst of these market shifts, it is commendable that individuals like Donna Mikalonis are thriving by utilizing effective trading strategies. Her success in amassing 32 BTC within just three weeks highlights her profound market knowledge, expertise, and well-deserved reputation as a visionary in the world of cryptocurrency trading.
@DONNAMIKALONIS
she's active on TELEGRAMS with the name above
She is the best signal provider in the market. Knowledgeable, level headed (no loss like some other traders who recently jumped on the bandwagon).
With the way the market is moving, we'll mostly hold for longer than 2030 to realize profit gain, I think a video on "How to profit from the present market" will be more effective, I mean I've heard of people making upto 250K within few months and I'd like to know how.
You're not doing anything wrong, you just don't have the required skillset to profit off a down market, folks that are making profit in this market are pros and experts with in-depth knowledge and skillset.
very true, I started investing before the pandemic and that same year I pulled a profit of about $600k with no prior investing experience, basically all I was doing was seeking guidance from a financial-advisorr, you can be passively involved with the aid of a professional.
wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
You can do your research and be on the lookout for one with intelligent strategies who'll help your portfolio maintain an unwavering and a progressive growth. Viviana Marisa Coelho is my FA. She has the Flexibility & Expertise to Meet Your Needs. Verify her yourself
Thanks, her website popped up on the first page immediately I searched her, I read through her resume and seems pretty interesting, so I booked a call to discuss with her.
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks, crypt0 or ETFs or do I wait for another opportunity?
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge
Very true. Despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately $950k that same year. In reality, all I was doing was getting professional advice.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
There are a lot of independent advisors you might look into. But i work with Viviana Marisa Coelho and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé
Now these are the things our kids need to learn in school.
They would never allow this 😂
Totally agree, but they won’t because school is how they control and enslave us.
Correct. 💯
@Osho World Adults need to learn this ! Kids need to be taught mental toughness, critical thinking, and work ethic
No, silly. If we learn truth about the system we would be too hard control via ignorance and dependance on handouts. School is a place for indoctrination, not education.
Economists and business leaders are voicing concerns at the start of 2023 that the year could be a difficult one. JPMorgan Chase & Co. Chief Executive Jamie Dimon said that the Federal Reserve may need to raise interest rates to 6% to fight inflation, higher than the peak level between 5% and 5.5% in 2023 that most Fed officials penciled in after their December meeting. Although I read an article of people that grossed profits up to $500k during this crash, what are the best stocks to buy/short now or put on a watchlist.
Emotionally-charged decisions to sell off large quantities of stocks or other investments now lock in your losses, removing any chance for future growth.
A 2022 Northwestern Mutual study found that 75% of U.S. adults admit their financial planning needs improvement. However, only 29% of Americans work with a financial advisor.
Very correct; the bear market has contributed significantly to the growth of my investment. I was able to quickly increase my portfolio from $180K to $572K. Essentially, I was just doing as my financial advisor instructed. You're good to go as long as you get competent assistance.
@@AlexanderTurke Would it be okay if I asked you to recommend this specific advisor or company that you used their services? Seems you've figured it all out.
@@RebeccaLee-ks4cq I won't pretend to know everything, though. Her name is HEATHER ANN CHRISTENSEN but I won't say anything more. Most likely, you can find her basic information online; you are welcome to do further study.
I have been a fan of Breedlove for years and spent much time considering his question: "If they can print money then why are we paying taxes?" -- and I have come up with an answer: To keep us poor. They are already rich. They can print money. It's about control.
These two are national treasures… Robert Breedlove needs to be protected at all costs because of the truths he speaks.
I am a senior and so grateful to be alive to listen to brilliant minds such as this. Free speech and the democracy of the internet are amazingly awesome. I thank all such brilliant and communicative people such as these.
So proud of you as a senior to be learning things like this. You are decades a head of me. Keep it up ;)
I love this guest finally someone tells it how it is. These institutions are not looking out for or doing what’s best for everyone. It’s the opposite.
lmao, bitcoin is owned by about 3 russians lolololol
@@PazLeBon hello FBI
@@kombatcamera ACAB m8
@@PazLeBon riiiiiight *puts on sunglasses to shield from glow*
Yep, the garbage has risen to the top, again. But, since I believe in the Creator that Is Supreme Unconditional Infinite Love, I believe we are on an eventual course toward the world governed by Goodness. I still believe that I may experience suffering beyond what I currently endure. And I may not inhabit physically, in my lifetime, a world Benevolently governed overall.
Robert is one of my all time top 5 interviewed guest on multiple platforms! His understanding of money is hands down freaking over the top. He has come a long way.
Robert is such a good communicator. No vocal hesitation whatsoever. Clear thoughts. Calm voice.
I'm a simple man.
When Robert Breedlove is on the show, I CLICK PLAY IMMEDIATELY! 👍
Same!!!! This dude does not sugar coat things like everyone else.
I want him to have my babies.
R.B.'s point "If they can just print money, why do we pay taxes?" This a question I have pondered often.
Because printing money hurts the rich more than the poor.
@@bigwombat7286 not if you give the Money you print to the rich forts. which is also happening
Because we have to pay for public workers and services, you can't expect them to work for free
@@bigwombat7286 What? It is actually the exact opposite. Printing money hurts the poor more than the rich.
because taxes create the demand for the printed money. no demand = pointless printing
The best explanation about money and power. I am 84 years old and I live in Kuala Lumpur
America as we know it is finished. All indications point to 2023 being a year of severe economic pain across the country. Put that money to work right away to make it grow. I knew I had to make an investment. I never imagined that a few thousand dollars per month would add up. However, it is. I've made around $600,000 since 2020.
Congrats. The true financial unlock comes when you understand and know the technique required to manage your investment's overall risk profile and avoid permanent capital loss. It is critical to have a strategy in place to capitalize on profits when they occur..
I've been saying this for a long time now: instead of worrying about what's coming, we should prepare for when it comes. The market always recovers, and we've seen this time and time again. Just take the 2008 financial crisis, for example. The market eventually bounced back, and although it took some time, it did recover. Instead of being paralyzed by fear during tough times, we should focus on making smart investment decisions and positioning ourselves for long-term success. By doing so, we can weather any storm that comes our way and come out stronger on the other side.
Spot on! I couldn't agree more. Instead of DWELLING on the negatives, we should be focusing on strategies to maneuver our current situation. Despite the challenges, many individuals and companies are finding ways to thrive and make millions in this down market. Unfortunately, this information doesn't always make it to the news.
Therefore, it's essential to seek out and learn from those who are succeeding in these times. By doing so, we can gain valuable insights and develop strategies that will help us come out on top. It's all about shifting our mindset and finding opportunities in the midst of adversity.
Well, it's no secret that the top players and pros in the investment world have access to exclusive information and data trajectory that isn't disclosed to the public. This knowledge gives them an edge that most of us don't have. While knowing the right strategies to apply in this time is essential, having the right information to successfully pull it off is just as important.
Without the right data, even the best strategies may not yield the desired results. That's why it's important to stay informed and continuously seek out new information that can help us make informed investment decisions. By doing so, we can level the playing field and increase our chances of success in these challenging times.
I strongly believe that having an investment coach to guide my day-to-day investment decisions is the best course of action for me. Investment coaches are experts in going long and short at the same time, employing risk for its asymmetrical upside, and laying off risk as a hedge against the inevitable downward turns. In addition to their exclusive information and analysis, it's nearly impossible not to outperform the market with their help. I've been using an investment coach for over two years now, and the results have been exceptional. I've netted over 1.5 million dollars, and I attribute much of my success to my investment coach's guidance.
27:57 "If they can just print money, why do we pay taxes?"... Brilliant point
to take money out of the system so that they can print more money?
@@alan5863 I posit that Federal income taxes is nothing more than paying the vig on the 'borrowed' money that the govt. is obligated to pay the bank that counterfeited it in the first place.
no, not brilliant. if the government (congress) injects $ into the system in excess of what they collect in taxes && can sell in bonds, then the fed covers the rest of it via counterfeiting. taxes reduce inflation in our current system.
I think it's because they only print when things get really bad and demand is high enough.
Take 2020 for example: majority weren't working, and stock market going down. People who didn't have an emergency fund needed relief. the demand was high enough, that the government gave.
I asked the question myself. The answer is that taxes are there to keep us poor and obedient.
This guy has an ability to illustrate, communicate and define terms that have been traditionally very complicated to grasp and connect the dots.
I loved the dialog between these two! Thinking out loud really helps me learn! Thanks for always talking it out and helping me align my understanding!!
Thank you so much Tom, I really like the content of this wonderful conversation 🙏❤️.
🤯 Thank you once again Tom, and your amazing guest Rob, for bringing this info to the people.
This guest is very interesting - he has it figured out and really understands what freedom is
Thank you for hosting Robert Breedlove who with your insightful questions is exactly what we need to hear. Mind-blowing!
last week yellen had a close door meeting with jamie & then on saturday jamie had a meeting with the ceo's of the 8 big banks, at his apartment they are planing to short the precious metal market between themselves to suppress the metals so again they can steal billions from the miners and the investors through racketeering, he needs yellen to keep the heat off them while they are doing what they do best rig & manipulate the medals, mark my words they will keep the price suppressed so that the people fleeing these other banks will not run to gold & silver, and run to the other 8 big banks, just saying, why else would they have these back room meetings. its to bad the doj is so corrupt, as there is a whole lot of criminal activity going on here.
Thank you Tom. This is super valuable and what you do for us fellow humans is amazing. 🙏
I can't believe I watched two of your videos back to back... For years I thought I was a rockstar and a registered nurse... I really must be getting old cuz I'm enjoying these... Amazing work, brilliant brilliant content... Very thought-provoking And timely... Thanks !!!
The transformation and evolution of Robert Breedlove. One of the great teachers and explainers on RUclips. Great interview!
Wow, wow, and wow! Fantastic conversation, guys!!
This might be the best conversation I've heard in 30 years!!!
I feel like I just watched a bitcoin commercial
the great thing about Tom is that he admits when he doesn't know something and is willing to change his mind when he learns something
Always enlightening listening to Breedlove talk
The "Little Dragon Policy" was a family planning policy implemented in China in the early 1970s, aimed at controlling population growth. It was also known as the "Later, Longer, Fewer" policy.
Under this policy, couples were encouraged to have children later in life, at longer intervals, and to have fewer children overall. The policy was introduced in response to concerns about overpopulation, resource scarcity, and the strain on China's economy and social services.
The policy was not strictly enforced until 1979, when the Chinese government introduced the "one-child policy" which limited most families to having only one child. The one-child policy was a more stringent measure, which was also aimed at controlling population growth and was enforced through a range of measures including fines and penalties.
The "Little Dragon Policy" was seen as a more moderate approach to family planning, and it remained in place alongside the one-child policy until 2015, when the Chinese government announced that it would be replaced by a new "two-child policy" which allowed most couples to have two children.
Overall, the "Little Dragon Policy" played an important role in shaping China's population policies and its demographic trends, and it is often seen as a precursor to the more controversial and strict measures that followed. Chatgpt😅
I am able to read this reply, proof that Google Ai isn't evil 😅
Your dedication to your craft is evident in this video. I can tell you put a lot of time and effort into creating something truly special.
I love watching these to have a conversion. Improves my day, education thats actually insanely useful.
🤯🤯🤯 amazing interview...so much to consider🤯🤯🤯
This boys wicked smart. Great interview Tom
Tom Bilyeu and Robert Breedlove, your honesty and brevity could not have been better. I cried. I had lost all hope in humanity until this RUclips broadcast. You proved to me that there are still good people in this world. Thank you from the bottom of my heart and wallet!
Check out Robert's conversations with Jeff Booth. That is some really great stuff
In my years of research on financial things I totally appreciate the defining of terms or words used. The bad guys use too many vague or muddy words to further confuse the people who are trying to understand and make decisions on what they learn.
absolutely brilliant discussion
The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
Well I recommend you make a diversification plan because it's been harder to build a good stocks portfolio since COVID. My colleague suggested I hire a brokerage Adviser, and I've actually made over $457k with their help during last market upheavel. They used defensive strategies to protect my portfolio and make profits despite the ups and downs.
@@SherlyDavis-ek4qz I find this intriguing. Could you please provide me with the means to get in touch with your Adviser? I am concerned about my dwindling portfolio.
@@SherlyDavis-ek4qz Could you guide me on how to get in touch with your advisor? My funds are being eroded by inflation, and I'm seeking a more lucrative investment strategy to effectively utilize them.
@@SherlyDavis-ek4qz Please tell me how can I connect to your advisor. My funds are being murdered by inflation, therefore I'm looking for a more profitable investing strategy to put them to work.
Robert Breedlove is the single best guest you've ever had... seriously.
Pain does drive revelation... But it's the heart of a man that brings a true change !
I would know... been a registered nurse for 12 years.
Look; You guys are clearly smart but your persistent references to "fractional reserve" banking and 10% bank reserve requirements belies a deep ignorance of our banking system. US banks have no reserve requirements and are not constrained by the presence (or lack of) reserves. Commercial banks create money endogenously as debt. They are no longer required to hold reserves to do so. Please do some reading, and get it straight.
Robert knows this already, he is framing this issue based on past practices and being generous to the other side. It only enhances his thoughts on this issue having no reserve requirement.
Excellent conversation! 👍
This is probably one of the best interviews I have seen in a long time, kudos to both of you. Instant fan of both.
At 65, I am encouraged. The message the guest is sharing is the future. In my view, ahead of his time. My hopes time moves quicker in than in my lifetime. Stay safe and great channel.
Great guest eye opening insights excellent economic ideas thanks
Good choice of guest, Tom. One highly compelling discussion.
This is one of your MOST IMPORTANT interviews, and one of the best I've seen w Breedlove as well. Thanks for all you both share 🙏
Excellent video Tom! And Robert bringin’ it!! Truth bombs and bright futures 😎
The SVB situation is a reminder that Fed hikes are having an effect, even if the economy has held up so far,” It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor
I have learned to not trust corporations. I was badly hit by the '08 financial crisis. Since 2019, I've just been focused on investing through a financial advisor, and it has been paying off, and I'm never going back to banks full time.
My trustworthy advisor, Margaret Johnson Arndt works for a fee only. She actually offers free consultations and always has the interests of her clients at heart. She and I have been colleagues ever since I turned 40. She is a busy woman, but if you can catch her attention, she might be able to help.
One of my favorite podcasts. Can you please do some more about Bitcoin. There are so many excellent guest choices talking about this. It feels like the world is changing (again) right in front of my eyes.
The fact that average investors feel compelled to chase risky Crypto currencies speaks volumes about how broken & corrupt the investment environment has been. Unfortunately, there's no improvement in sight.
There's nothing risky about Bitcoin. It's Bitcoin, not crypto. Learn the difference. It will benefit you to know.
Legal counterfeiting is exactly what I've been thinking.
Fraud is legal and honest banking cannot be legally done. Honest banks have been stopped and shut down every time they have been tried so far.
Robert Breedlove, what you’re saying makes SO MUCH FUCKIN SENSE to me! I’ve just recently learned of you (through podcasts like this; thanks Tom Bilyeu!), and now I’m learning so much from you! Incidentally, I also find our values similarly aligned, so I feel like I’m getting some solid guidance here on how to optimize my financial situation in the current economic climate. Thank you SO MUCH for sharing and being such a refreshing voice of reason and sanity amidst the seemingly increasing chaos and confusion out there these days. 🙏
Great interview. Full of fundamentals well worth learning and understanding. 👍
The shift in mindset Ray Dalio were referring to early when he was talking about the negative real rates, is the same shift Americans will experience with the pain they will feel is being inflicted by the rulers (most likely in the form of hyper-lossing purchasing power and capital controls), one that happen violently fast. As a response of that pain, certainly some will comply (without really solving their problem), but some don't and will fight, attracting others to their causes. Thats why I believe is not only the history of Mao that needs to be review, but that of the American revolution in itself as a better precedent of a changing order.
Awesome content!!! Regardless of the markets ups and down its still a win win working with my broker Trisha Jean Webb, people buy stocks with no regard for Macro concerns like inflation and interest rates. That's a rookie mistake, I started my portfolio with precisely 84k grand in stocks and currently over 1.3 million in my portfolio , never had major loses all of that covered by her insurance policies .I still believe that the secret to financial stability is having the right strategy to enable you earn more money.
A number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet.
@@DesmondWoghiren Trisha Jean Webb is actually the one that guides me and she’s a highly-sought out adviser, . so I’m not certain she’s accepting new intakes, but you can give it a shot. It wouldn’t be proper to just leave her number laying around, but she has a webpage you can look at if you google her name.
I did read about Trisha Jean Webb on the web., quite a great resume she has
@@peejaydandoy2889 damn that feels 110% like an ad
The pinnacle of educating we, the under-educated, minimal moneyed public. Phenomenal guys!
Ton love the way you ask tough questions and are not afraid like most podcasters
Sadly, banks continue to stumble, mortgage rates is on the rise with higher imports and lower exports, yet the FED is to lessen cost. So, where do we grow and safeguard our money now? something will eventually break if they keep raising interests and quantitative tightening.
ideally, you should consider financial planning to get the best results with your money, notwithstanding economy situation
Well agreed, I'm quite lucky exposed to finance at early age, started job at 19, purchased first home at 28, got married shortly afterwards to raise kids early. Going forward, got laid-off at 40 amid covid '19 outbreak, immediately consulted with an advisor in order to stay afloat and after subsequent investments, I'm barely 25% short of $1m ballpark goal as of today.
@@AbdoolLogodesign that's incredible! would you mind if I vet your advisor pleas? started investing in stocks november 2022, but not confident to make the correct investments as of now, seeking professional help to achieve my financial goals
Finding financial advisors like Julie Anne Hoover who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@@AbdoolLogodesign curiously copied and pasted her full name on my browser, no sweat spotting her site. Ive seen commentary about advisers but not one that looks this phenomenal, very much appreciate it
There were a lot of books mentioned. I wrote a couple of the titles down. Did anyone get a full list that they would like to share? :)
I’ve been screening the video for the books they mention but can’t be bothered to replay the whole video again! Can you please tell me?
This is sooo good. Way to play devils advocate, Tom. You were able to perfectly extract Robert’s absolute brilliance. 10/10
Robert gets it! this convo is pure gold!
Breedlove's metaphors for central banking are appropriate. Let's not sugar coat what is happening and has happened. 👏🔥
You are both Brliant ❤❤❤Thank you very much for informing all of us
Fractional reserve banking does not operate the way that is described in this video… Banks do not lend out deposits, the banks as financial intermediaries, or banks as multipliers are incorrect banking models. The commercial banks operate through the credit creation model, whereby they create credit or debt in the form of lending (they create the deposits) or create the credit to buy their own assets. Legally banks are not allowed to lend out their bank deposits - yes, they legally own that money and it operates as an I.O.U to the depositor. But by lending they simply create the credit from nothing and type it in as a deposit.
The system is a split circuit, two tier system, whereby the fractional reserve lending is done by the central bank in the form of ‘reserves’ to the commercial banks. The commercial banks are the entities that create and lend credit, otherwise known as DEBT. I’ve hear you refer to the fractional reserve system as lending out deposits with minimal reserve requirements- that is not how the system operates, and they purposefully mislead and obfuscate this fact.
The system operates on digital bankmoney, which is a tokenized, fiat banknote system. The money prerogatives of the state have been put in private hands and then sanctioned and backed by government power. The two tiers are 1) the bankmoney notes and 2) the central bank reserves -
It still operates as described by way of a privatized money cartels who create money from nothing, lend it out and then charge interest. Actual physical federal reserve notes or ‘dollars’ and coins as created by the treasury are a minuscule amount of actual circulating currency- the rest operates as bankmoney, digital, tokenized, fiat currency that they type into a digital ledger. Before the digital revolution it operated as checks and evolved out of convenience- the legitimacy and constitutionality of bankmoney has even been challenged and is still up for debate. It goes without saying it is a broken monetary system…
Please look into the work of professor Richard Werner the leading academic on central banking or Joseph Huber who wrote “Sovereign Money” another great resource is “Debt by Design” by Joseph Maree.
They all describe the system how it realistically operates, not how is taught in the textbooks and in economics and finance courses, which is purposefully misleading- it’s amazing that even some of the apparent experts on these topics do not understand these basic facts.
Great speech guys. Thank you for what you do for awakening people. 🙂
I love how Robert refers to The Creature From Jekyll Island; a book by Edward Griffin that informed my understanding of The Federal Reserve.
Great book. Everyone in america needs to read it
Breedlove is brilliant! Great work boys
I just like his last name. It's very inspirational and sexy.🤩😍😉 I wonder if he made it up himself. 🤔
what robert is saying is spot on. we are witnessing an eventuality that cant be avoided. weve kicked the can and now it dont budge.
Awesome discussion
Damn the guy from Outlander knows a lot about money.
If you stay invested and ignore the market's ups and downs, you'll make a lot of money in the long run. I grew to a 7 figure well-diversified portfolio having exposure to different prolific investments mainly savings account, stocks, bonds and high yield dividend funds. Forever grateful to my adviser Trisha Jean Webb . Passive income is mandatory for building long term wealth.
The FED has lost control. The market is now more volatile than I have ever witnessed before. no one knows the best financial move to be made at the situation.
Quite impressive, I have been on the wrong side for far too long and I'm willing to make consultations to improve my situation. Can she help me?
salary earners like us need to get more passive income, Especially if we want to retire early.
I just looked up your FA and found her web page. Trisha Jean Webb is very impressive , I just went through her resume.
@@craigrussell2045 I'm sure you did
Is it just me or is this whole conversation... Cerebral mind Candy??? I love it!!! Brilliant stuff!!!
Very very interesting and explanations were impeccable. Thankyou.
let give all natural resources to private owners so they can protect those lands ! amazing reasoning there
Yeah “if a tree’s not in use” was a head scratcher. With that logic the most capital can control the resources of production which some might even see as oligarchs owning the *free* market. In that world a private company might even have a monopoly on the creation of money… hey wait a minute!
Each time society goes through one of these dips in the wealth cycle, with interest rates climbing it depletes the savings of those on the bottom of the totem pole, only inconveniences the wealthy mildly, and the corrupt get stronger. Eventually those that are lower on the wealth scale have nothing left, rates and inflation come down, and the wealth gap widens. More and more poverty and homelessness are created and the cycle goes on with only the super-wealthy/greedy left. It makes me sad to see, there will eventually be a major collapse, and possibly in the near future.
great discussion
Fantastic interview!
What China does differently is they control the Corporations and don't let them become monopolistic!!! That's how they have grown their economy without destroying their infrastructure etc!
Chinese companies are part of the CCP. CCP is the monopoly
Yeah using Jack as an example is probably the worst. Most Americans would celebrate if we stopped being thrown in jail and instead they threw Bezos and Gates in there for some rehabilitation. In our reality those guys essentially rehabilitate politicians with bribery, blackmail, regular corruption or a combination. Come to think of it, imagine the kind of societal healing if Zuckerberg disappeared for a few months for some reprogramming 😂
0:35 - Fractional reserve banking merely means any given bank must look at their total outstanding loaned credit, find 10% of it, and have an amount equal to that, held as central bank reserves. I doubt he understands this because he describes frac reserve as a “scam”, where it’s merely a regulatory requirement to ensure the bank is liquid, since CB reserves are both bank capital, and a means to acquire other Tier 1 capital (like treasuries); note, they need to hold a minimum of 4.5% of Tier 1 capital (central bank reserves and treasuries count towards tier 1 capital holdings). Right now, the aggregate Tier 1 ratio of US banks is 13.5%, far above the regulatory minimum of 4.5%. In other words, he has no idea what he’s talking about
1:40 - If the Govt prints money, BY DEFINITION, it is not “counterfeit”.
3:10 - banks DO NOT lend out deposits. They create new money, EX NIHILO, and the credit application approval gives them the legal right to create the new money. It is a ponzi though, since the interest to pay it back is not created, only the principal. It means Govt fiscal spending MUST increase in perpetuity to meet the debt obligations of everyone, because that’s where the interest is coming from.
7:10 - he’s talking about alcohol because he can’t describe the actual mechanics of monetary policy
8:19 - he’s right about that; that’s a condition created by the nature of bank credit.
20:33 - Printing money actuates the LATENT DEMAND that is already present. People might have a want that does not get sated UNTIL they have the money. That is not, “the tail wagging the dog” 😆
25:08 - Gold is useless as money for the whole economy, because money MUST be flexible enough to expand and contract with the size of the economy, which obviously cannot do. If you have more workers, more resources, acquire more land, you need more money to represent that extra wealth, unless you want deep deflation, but those resources can’t be mobilised effectively because your gold stock cannot rise with the expanding economy, unless you find massive new gold deposits and pay a bunch of men to start swinging at seams with pick axes. It’s an archaic and achingly ineffectual system, and that’s why every single gold standard, 100% of them, have failed.
27:58 - we pay taxes because that creates the demand for the printed money. Pretty obvious.
30:43 - Mao killed millions of people, a fascist dictator, not Communism, per se. That’s like saying Capitalism caused WWI and WWII.
33:25 - Holodomor wasn’t caused by Communism, it was caused by a fascist dictator exporting cereal grains in the middle of a famine, making said famine exponentially worse.
33:34 - “Socialism Is an institutionalised policy of aggression against private property” - Wow, this is crazy stuff, and I don’t mean mind-blowing, I mean psych ward. The US Govt is socialist (it’s the principal actor in the public sector, not a private entity). Every single US federal and state govt agency (USDA, FDA, US Treasury, USCO, etc) and the US military IS SOCIALIST! You cannot have Capitalism without Govt, since it is Govt that creates the legal fictions (companies) at the behest of its citizens. Without that, you literally have anarchy (competing currencies, polities, everything).
34:26 - “when everyone owns everything, no one takes care of anything” - Err, the Govt does. That’s who takes care of the public highways, public parks, the commons, public schools, GPS satellites, fire departments, etc. You literally couldn’t have nationwide, joined-up infrastructure, without Govt. In the 19th century, fire brigades in the USA would start fires, so they would be called and paid to put them out. No fires = no money. It’s why we moved the profit motive out of critical infrastructure, because it’s a cancer in those areas.
38:00 - The govt sues you, bro. You don’t know that?
I’m not listening any more, this guy is a clown.
Pasted from my other comment, but here's an addition to the clownery that you missed out on.
Lot of highly questionable/flat out wrong statements delivered with absolute confidence.
- "Tax on everything you own if you have more than $2m and choose to leave the US" The exit tax for US is apparently on assets you haven't paid taxes on already.
- Describing the state as being non-productive is obviously a falsehood which he got called out on later, and deflects by a diatribe on state vs gov.
- Edges around the libertarian wet-dream of legislature being established by people negotiating between a mesh network rather than a centralised model, which is obviously impossible beyond a few dozen people (which he argues against earlier with public property issues)
- Relies on original sin as an argument...
- "Silver backed currency is the reason for colonialisation of India and China"
- "Bitcoin is an IQ test that requires you to understand history"...
- "Optimistic for the future of the world but the world is entirely corrupt and needs to be changed but the state goes away"...
- "Sovereign individual".....
- "Bitcoin reduces violence"...
- "Only proven use of blockchain is for money" -- Obviously the vast majority of coins are VC scams, but blockchain private or public have proven utility in places like provenance.
- Relies on rather Marxist ideas of value being derived only by work rather than capital (eg: PoW vs PoS). There are a number of "shitcoins" that leverage digital and physical realities (eg: filcoin)
- "Cracked the code [Diablo 2 dupes].. -- Dear lord. Arguably this vastly increased the economy not reduced it as indicated
- "BTC can't be forked.... BTC is the only one that can't be rolled back...because only BTC has PoW/thermodynamics..."
- "BTC creates new digital markets that weren't possible before".. -- Many games had these digital:fiat economies before ... Probably knows this as part of d2jsp...
- "China has excess energy"
I made it to 1:10. I had to roll my eyes several times, the most perplexing was his comments about minute 33:34, about socialism and apparently, he missed that our U.S govt system runs on socialism. I agree with you; crazy statements make no sense. I think some people may miss it based on his eloquence in speaking, thus delivering confidence and not facts. Crazy.
Great discussion!!
Great interview! Fascinating topic
The prompts you set in place become the only action you need to perform. The next step is actually a reaction. Place a glass of water by your bed. That was your action. The reaction was drinking it because it was so seamlessly easy to do.
There is nothing you can’t accomplish if you take things one easy step at a time. Patience and satisfaction await you.
Breedlove is a G.
powerful talk. smart people are so refreshing. stay gold.
This is real good interview, love it
Interesting discussion. Food for 2nd or 3rd order thought: the exit tax is not that controversial IF you believe in a capital gains tax (and borders for that matter). In principal, it is not a tax on your entire net worth, but rather, on the portion of your net worth that has not previously been taxed at the time of your exit (your unrealized capital gains since the last time you paid tax). Many justifications exist for the equity of providing for a tax on capital gains in the design of a tax system (for example, to reduce perpetual dynastic wealth). Warren Buffet frequently suggests that it is unfair that he pays "less tax than his secretary." Nobody really wants to pay for anything, but roads need to be built and markets need to be maintained.
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potentials
Best discussion I've ever heard on these topics. First class boys, first class.
Excellent work
Be your own central bank; just need to own gold coins; silver coins and real estate.
its part of a balanced portfolio, 5 percent in PM and good real estate is allways good too. However its better to have a balanced portfolio