Most Dangerous Time Since WW2: Can Disaster In 2025 Be Prevented? | Steve Hanke
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- Опубликовано: 4 фев 2025
- Steve Hanke, Professor of Applied Economics at Johns Hopkins University, discusses the biggest economic themes and coming changes of 2025.
*This video was recorded on December 27, 2024
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Email: hanke@jhu.edu
Capital, Interest, And Waiting: www.amazon.ca/...
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*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.
0:00 - Intro
1:30 - Economic outlook for 2025
9:00 - Bitcoin Strategic Reserve
17:30 - Changing crypto regulations
21:30 - Preventing a slowdown?
28:00 - Fed and inflation
33:45 - Tariffs and inflation
39:00 - Bond market
41:00 - Overpriced, overvalued, overhyped
#economy #investing #bitcoin
If you have questions for Professor Hanke's next appearance in the New Year, reach him in the email below or write to me at david@thedavidlinreport.com
FOLLOW STEVE HANKE:
Twitter (@steve_hanke): twitter.com/steve_hanke
Email: hanke@jhu.edu
Capital, Interest, And Waiting: www.amazon.ca/Capital-Interest-Waiting-Controversies-Additions-ebook/dp/B0D9741TWH
@David When someone trashes bitcoin, can you please follow up and make sure they feel the same way about gold?
And if not, ask why not.
David, you should have Mike Maloney on regarding Hedara Hbar. I agree with him regarding BiTCoin - it’s just a speculation. IT Has Zero Utility compared to other Crypto. Blockchain is Dead! ☠️
@@davecalico3273what does this mean for "other crypto" if blockchain is dead?
Where will "other crypto's" exist?
Can you ask him, Why long bonds are going up ?
Bitcoin like the greens...
Mr. Hanke, the life of every party.
Hanke is over 80 years old and is incredible at what he does. Truly impressive.
Completely agree he is old but he is a sincking ship😂
Take a drink every time he says "money supply"
And for every book behind him
and a piece of cake every time he says " Baked in the cake"
Long and variable lags
Isn't it reasonable for a monetarist to use the term "money supply" frequently? I wouldn't fault Steve for that.
Money supply for the ultra rich. Small people instead get the depeciation. This is criminal.
Hanke is brilliant! He's the best guest David hosts. Time will prove him right again (but "with a long and variable lag").
Using "with a long and variable lag" as a qualification regarding market cycles is pretty much meaningless...
23:47 What’s even better is he used to say money supply explains all. Now he’s saying oh wait business confidence will make the lag longer 😂. How long before he admits fiscal dominance is real
Except he blames the lobbyist (K Street) situation on Biden. The GOP Billionaires of the 1970s forward coupled with Lewis Powell, The Powell memorandum and the SCOTUS rulings converting "we the People" to "We the Corporation" created this mess. Bow to your GOP Puppet Masters people.
brilliant
Damn, David seems exhausted after every hanky video now.
Professor of economics does not sell equities or is a money manager so he is telling the way it is !! No sugar coating as he is not a politician or sell anything.. I believe him and david he is great interviewer
3:00 Once again ProPutinHanke illustrates he's a feeble minded guy who;
doesn't even understand the QTM/Monetarism he claims to believe or
what Friedman, the QTM guru, has said about it and the relation between money supply and inflation or
just money in general
and
that he certainly doesn't know what's going on in politics or geopolitics.
It would be impossible to stop the deficit spending cold turkey,..(until things like the inflationary "inflation reduction act" aka the :green new ponzischeme" are reversed,.. but the first goal would be to at least cut deficit spending to less than the real growth on GDP.
Something even Hanke has stated in several videos over the last few months,. although he doesn't know why except that maybe he got it from my conclusions of the very same thing mentioned in comments long before he and now Bessent in his 3-3-3 plan ever mentioned it.
This is where Musk, Vivek and DOGE fit in in Trump's plans.
Which include,..
And Trump has been very public about these,.. I don't know what rock Hanke has been hiding under.
1. Expanding fossil fuel production to reduce energy costs
2, Canceling the policies of theBribem admin that waste tax payer dollars on non productive activities. The "inflation reduction act",...
3. Bringing Musk in to cut waste, fraudand unjustifiable increases in spending,... and bring accountability into all departments,.. but especially the DOD.
4. End the wars,
5. close the border,..
6. get rid of this unproductiveDEIWokenonsense,..
7. pass pro-private sector growth policies (or remove those that restrict it),.. so that the private sector capital investment portion of GDP replaces the current government spending portion of it.
The government produces nothing. It certainly isn't in the business of inventing technology to make workers more productive. Quite the opposite.
and on and on,..
These all reduce government spending,.. inflationary money printing,..
Yes,... government deficit spending does add to the money supply,... money supply is more than Hanke's belief that it only involves M2.
Michael Howell and Friedman long ago have said this.
And puts us on the path to have government deficit spending as a percent of real GDP between zero and the real growth in GDP.
0 < dDeficitSpending% < drealGDP%
Which will allow us to grow our way to a smaller debt to GDP ratio.
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in our country.
Inflation can have a significant impact on individuals and their cost of living. As a result, it can cause negative market sentiment. It is important for individuals and businesses to find ways to navigate and potentially mitigate the effects of inflation on their finances. The current economic climate, including underperformance of financial markets due to fear of inflation, has led to a decrease in the value of my portfolio. I would appreciate any recommendations on how to potentially increase returns during this market downturn.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up $450k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
Could you kindly elaborate on the advisor's background and qualifications?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Zareen Grace Church for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
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.
Great interview! Nice to see how Lin is getting nervous during the interview and fears loss of subscribers, while Hanke is roasting Bitcoin. Hanke is the man!
Not really. Hanke's likes far outweigh dislikes. David is just a BTC bull so
I think David was just cringing at how outdated his takes were, and how uninformed he is on bitcoin. It was hard to watch.
I don’t think you’re intelligent enough to understand David dosent care too much about subscribers, he just disagrees with Hanke.
Also, think, do subscribers really care enough about 1 interview, to stop watching such a great channel? There’s many interviews with contradictions to BTC on this channel.
@@mindmobilizingmusic2130 Fortunately, you're the smart guy putting everything into perspective. Or DOSENT that apply to you?
Hanke has a great perspective on all these issues in a way that few have. It’s like the opposite of listening to a politician.
XEN crypto 💎 10,000x potential
Are you serious?
3:00 Once again ProPutinHanke illustrates he's a feeble minded guy who;
doesn't even understand the QTM/Monetarism he claims to believe or
what Friedman, the QTM guru, has said about it and the relation between money supply and inflation or
just money in general
and
that he certainly doesn't know what's going on in politics or geopolitics.
It would be impossible to stop the deficit spending cold turkey,..(until things like the inflationary "inflation reduction act" aka the :green new ponzischeme" are reversed,.. but the first goal would be to at least cut deficit spending to less than the real growth on GDP.
Something even Hanke has stated in several videos over the last few months,. although he doesn't know why except that maybe he got it from my conclusions of the very same thing mentioned in comments long before he and now Bessent in his 3-3-3 plan ever mentioned it.
This is where Musk, Vivek and DOGE fit in in Trump's plans.
Which include,..
And Trump has been very public about these,.. I don't know what rock Hanke has been hiding under.
1. Expanding fossil fuel production to reduce energy costs
2, Canceling the policies of theBribem admin that waste tax payer dollars on non productive activities. The "inflation reduction act",...
3. Bringing Musk in to cut waste, fraudand unjustifiable increases in spending,... and bring accountability into all departments,.. but especially the DOD.
4. End the wars,
5. close the border,..
6. get rid of this unproductiveDEIWokenonsense,..
7. pass pro-private sector growth policies (or remove those that restrict it),.. so that the private sector capital investment portion of GDP replaces the current government spending portion of it.
The government produces nothing. It certainly isn't in the business of inventing technology to make workers more productive. Quite the opposite.
and on and on,..
These all reduce government spending,.. inflationary money printing,..
Yes,... government deficit spending does add to the money supply,... money supply is more than Hanke's belief that it only involves M2.
Michael Howell and Friedman long ago have said this.
And puts us on the path to have government deficit spending as a percent of real GDP between zero and the real growth in GDP.
0 < dDeficitSpending% < drealGDP%
Which will allow us to grow our way to a smaller debt to GDP ratio.
People with good ideas never get elected.
Completely disagree. These economists are responible for the broken system and now complain its broken. He is like more of the wrong medicine.
TRUST IN #HANKE COIN 🙏 POSITIONED TO MAKE BREAKOUT GAINS IN 2025 #HANKECOIN TO THE MOON🚀
Prof. Hanke is the voice of common logic that is not so common these crazy interesting times we live in.
People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver, stocks and digital currencies are also good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you..
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
this is all new to me, where do I find a fiduciary, can you recommend any?
Amy Lea. Kohlert 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 for sharing, I must say, Rebecca Lynne Buie appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call.
His call on inflation was bang on.
David you are great and thanks for letting guests talk!
Se sont des anciens générations, respect, la dignité. HUMAINS
If you say so.
Overpriced, overvalued, and overhyped. Absolutely.
IF EVERYONE thinks that, then theyve already sold, right?
So whos left to sell?
So what ?
Even $1 is over priced 🫢
Oooh... You proved you can say words.
So convincing.
@@Scorch428 what do you mean everyone
Lol the interviewer doesn't like what the professor is saying 😂
How can you tell
A broken cl9ck
I think David didn't want to debate Steve about BTC, but thinks there's more value to this digital metal, or perhaps how Michael Saylor may put it, that it's the value of stored electricity. The fundamentals of electric cost and industry and how it ties to Bitcoin is a very harsh mistress to those who leverage up at the wrong time on BTC equipment.
XEN crypto 💎 10,000x potential
Im sure he doesn’t mind, he has Hanke on this show like 3x a month
Excellent Analysis by Steve Hanke!
“The education system is designed to keep people poor, rather than teach them how to become financially independent” Robert Kiyosaki
Prof hanke is the best . Very clear, educational, ballsy, contrary, entertaining and funny as hell.
Mr Hanks’s the best 👍
Not really. BTC went from free to over $100k and he won't take the time to understand it. SAD!
@@d.fenestrator9529 He understands. He has probably been around longer than you and is probably more highly educated than you.
Hanke is constantly slapping David around, and somehow David’s hair is able to withstand the blows throughout the interview.
He just chuckles about the “Hanke spanking” and moves along in the interview .
Awesome job gentleman once again
😂😂😂😂
GREAT interview David ,Professor Steve Hanke is a true role model!!!
Professor Hanke shares fascinating data and opinions.
Comtrarian, simple, and honest.
Well done Gentlemen
Hanke is definitely gaining credibility with me.
Nobody is talking about all the short-term debt that's coming due in 2025 it's massive
9 trillion I think? What possibly could go wrong with that..
Yep…cuz Steve is a believer in money supply theory
Banks?
Of course they are not! Just pretend everything is great as they turn the money printer on and add to our debt. Nothing to see here. Things could not be any better.
We need this FUD and bearishness for a good bullrun in 2025. Thank you.
Would love to see a Benjamin Cowen and proffesor Hanke debate
Ben is just too humble. And not vicious enough.
No way..these 2 stutterbots will take 6 years to make a point.
No one else talks about money supply knows something others dont talk about very good guest
Last year prof Henke was saying recession was baked in, now just a slow down in 2025
Yep once he goes bullish you know it’s time to sell
Yep…damn, guess money supply theory ain’t as good as he thinks it is
The system is failing as a result of both government and federal policy. In the next days, the banking crisis would have to be epic and gigantic for the FED to decide not to raise interest rates. This won't happen; an increase and a crash are coming. There will be more negative portfolios this 2nd half of 2024 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder
Having an investment advisor is the best way to go about the stock market right now. I used to depend on RUclips videos but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
pls how can I reach this expert, I need someone to help me manage my portfolio
Jessica Dawn Walters is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Steve is 100% correct about btc.....last week the fanatics were excited about $108,000 btc and right now it is $93,000.
No one in their right mind would buy a currency that dropped 13.8% in a week and be happy about it.
For example if you sold your house last week for a million dollars and next week they paid you $870,000 for it, you'd be pissed off.
It’s not a currency. Long term monetary debasement hedge. Volatility is a feature.
If I sold my house for $1m I’m getting $1m. You signed the contract. If not move on. If my homes value dropped that much guess I’m not selling at that time, I’ll hold.
Here’s a scenario. What if I loaded up average cost of $40k over the last 4 years. I’d be pretty happy. 🍊💊
check out btc track record before spitting on it
It’s not a currency
Yes! A debate with Tom Lee would be best.
Tom has a stellar track record and you never have him on the show!
He's so right about crypto bros being akin to religious fanatics
Except most of us crypto investors aren't 'bros.' We believe in it and justifiably trust it more than the manipulated fiat currencies of the world which are constantly losing value.
hes prefering a government owned and controlled currency over something with superior characteristic incapable of being inflated... as a supposedly anti gov guy...
yea we are defiintely the religious fanatics.
wanna try an argument, btw
@@hahamasala Its basically putting value on monopoly money. Steve Hanke is right.
@melissagreye8445 With that response, it's obvious that you don't know anything about Bitcoin. And I've never tripled my money with Monopoly money before! 😄
@hahamasala Of course fiat is a rip off. But are you sure that bitcoin is the answer? Who controls the bitcoin protocol anyway? Did you know that they can, and have, changed the bitcoin protocol. There is more than one bitcoin block chain in existence. It was forked. Anyway, here is a great little video about how much power the bitcoin protocol consumes. It is massively unsustainable. I invested quite a bit into bitcoin awhile back but once I learned more about it, I dumped it all. No regrets.
ruclips.net/video/gdwLW85VFEo/видео.html
This guest is a reason people say things like “science advances one funeral at a time”
I'd be very interested to read why you think that way. Thanks!
money is nothing more than a collective agreement.
Bingo!
Mr Hanke is a master of finance
His take on bitcoin shows his complete lack of education on it. Pathetic really.
Uhm,.. yeah,.. no.
3:00 Once again ProPutinHanke illustrates he's a feeble minded guy who;
doesn't even understand the QTM/Monetarism he claims to believe or
what Friedman, the QTM guru, has said about it and the relation between money supply and inflation or
just money in general
and
that he certainly doesn't know what's going on in politics or geopolitics.
It would be impossible to stop the deficit spending cold turkey,..(until things like the inflationary "inflation reduction act" aka the :green new ponzischeme" are reversed,.. but the first goal would be to at least cut deficit spending to less than the real growth on GDP.
Something even Hanke has stated in several videos over the last few months,. although he doesn't know why except that maybe he got it from my conclusions of the very same thing mentioned in comments long before he and now Bessent in his 3-3-3 plan ever mentioned it.
This is where Musk, Vivek and DOGE fit in in Trump's plans.
Which include,..
And Trump has been very public about these,.. I don't know what rock Hanke has been hiding under.
1. Expanding fossil fuel production to reduce energy costs
2, Canceling the policies of theBribem admin that waste tax payer dollars on non productive activities. The "inflation reduction act",...
3. Bringing Musk in to cut waste, fraudand unjustifiable increases in spending,... and bring accountability into all departments,.. but especially the DOD.
4. End the wars,
5. close the border,..
6. get rid of this unproductiveDEIWokenonsense,..
7. pass pro-private sector growth policies (or remove those that restrict it),.. so that the private sector capital investment portion of GDP replaces the current government spending portion of it.
The government produces nothing. It certainly isn't in the business of inventing technology to make workers more productive. Quite the opposite.
and on and on,..
These all reduce government spending,.. inflationary money printing,..
Yes,... government deficit spending does add to the money supply,... money supply is more than Hanke's belief that it only involves M2.
Michael Howell and Friedman long ago have said this.
And puts us on the path to have government deficit spending as a percent of real GDP between zero and the real growth in GDP.
0 < dDeficitSpending% < drealGDP%
Which will allow us to grow our way to a smaller debt to GDP ratio.
I would want to see David Lin interviewing David Lin
Yes
HUH?
Complete and utter nonsense.
Cranky Hanke and his sidekick......best economic tag team on the Internet
Bitcoin is a speculative asset. To use it as the reserve asset is contrary to the fundamental principles for reserve. It is not only stupid but dangerously disastrous.
You know what's stupid? You!
I agree!
if bitcoin is a speculative asset so is a shiny rock called gold and we store that
Gold is a speculative asset.
Gold has a purpose. It's use to make computer components for people mining bitcoin.
Pleaaaase bring on more Crypto debates! I love seeing the fanatics struggling to sell gibberish.
What he's saying is why not put the money into something that will generate direct income immediately. Build new tech to make trade more efficient, give it to us citizens who will spend, etc
So you missed the train, got it
There is no need for a “crypto-debate” here imho as you will struggle to find middle ground with a crypto pro. Two dogs barking on each side of a fence is not a good fight
I'm retired on Gibberish.
@@ei7565Bitcoin/crypto engineers ARE building new tech.
That new tech is orders of magnitude more efficient than our current system of centralized governnance.
It's like a joke how much more efficient it is.
Hanke is a legend - says it like it is.
In his own mind
Boy have you got that right. He got me to talk a lot about a couple of aspects of this chat in a couple of trading communities.
This is my take on one of the jobs he used to have:
He used to advise and set up other countries to swap out to using USD after they blew up their own currency. It's not totally unlike the gold standard America used to have, when another country uses USD instead of a former currency because they get a set amount of it, and the government is forced to have a balanced budget. In those conditions, countries do very well.
XEN crypto 💎 10,000x potential
How appropriate that Professor Hanke is pointing out some hanky panky situations in the economy.
Yes Annoying.
This guy needs to end his affiliation with the Mises Institute. He's embarrassing.
But, just park your money and give it time (for the middlemen) to profit 😅
Mr. Hanky...please
He thinks we shouldnt invest in bitcoin because it doesnt add to the economy, but neither does gold.
But, oh, hes fine with gold because HE owns it.
3:00
How appropriate once again ProPutinHanke illustrates he's a feeble minded guy who;
doesn't even understand the QTM/Monetarism he claims to believe or
what Friedman, the QTM guru, has said about it and the relation between money supply and inflation or
just money in general
and
that he certainly doesn't know what's going on in politics or geopolitics.
It would be impossible to stop the deficit spending cold turkey,..(until things like the inflationary "inflation reduction act" aka the :green new ponzischeme" are reversed,.. but the first goal would be to at least cut deficit spending to less than the real growth on GDP.
Something even Hanke has stated in several videos over the last few months,. although he doesn't know why except that maybe he got it from my conclusions of the very same thing mentioned in comments long before he and now Bessent in his 3-3-3 plan ever mentioned it.
This is where Musk, Vivek and DOGE fit in in Trump's plans.
Which include,..
And Trump has been very public about these,.. I don't know what rock Hanke has been hiding under.
1. Expanding fossil fuel production to reduce energy costs
2, Canceling the policies of theBribem admin that waste tax payer dollars on non productive activities. The "inflation reduction act",...
3. Bringing Musk in to cut waste, fraudand unjustifiable increases in spending,... and bring accountability into all departments,.. but especially the DOD.
4. End the wars,
5. close the border,..
6. get rid of this unproductiveDEIWokenonsense,..
7. pass pro-private sector growth policies (or remove those that restrict it),.. so that the private sector capital investment portion of GDP replaces the current government spending portion of it.
The government produces nothing. It certainly isn't in the business of inventing technology to make workers more productive. Quite the opposite.
and on and on,..
These all reduce government spending,.. inflationary money printing,..
Yes,... government deficit spending does add to the money supply,... money supply is more than Hanke's belief that it only involves M2.
Michael Howell and Friedman long ago have said this.
And puts us on the path to have government deficit spending as a percent of real GDP between zero and the real growth in GDP.
0 < dDeficitSpending% < drealGDP%
Which will allow us to grow our way to a smaller debt to GDP ratio.
Hanke absolutely NAILED IT.
My favorite guest 👍
The ego on this old fool is magnificent to watch
And Peter Schiff, Yra Harris, Andy Sheckman, Rick Rule and Jim Rickards and Rogers. There are so many smart people here.
3:00 Once again ProPutinHanke illustrates he's a feeble minded guy who;
doesn't even understand the QTM/Monetarism he claims to believe or
what Friedman, the QTM guru, has said about it and the relation between money supply and inflation or
just money in general
and
that he certainly doesn't know what's going on in politics or geopolitics.
It would be impossible to stop the deficit spending cold turkey,..(until things like the inflationary "inflation reduction act" aka the :green new ponzischeme" are reversed,.. but the first goal would be to at least cut deficit spending to less than the real growth on GDP.
Something even Hanke has stated in several videos over the last few months,. although he doesn't know why except that maybe he got it from my conclusions of the very same thing mentioned in comments long before he and now Bessent in his 3-3-3 plan ever mentioned it.
This is where Musk, Vivek and DOGE fit in in Trump's plans.
Which include,..
And Trump has been very public about these,.. I don't know what rock Hanke has been hiding under.
1. Expanding fossil fuel production to reduce energy costs
2, Canceling the policies of theBribem admin that waste tax payer dollars on non productive activities. The "inflation reduction act",...
3. Bringing Musk in to cut waste, fraudand unjustifiable increases in spending,... and bring accountability into all departments,.. but especially the DOD.
4. End the wars,
5. close the border,..
6. get rid of this unproductiveDEIWokenonsense,..
7. pass pro-private sector growth policies (or remove those that restrict it),.. so that the private sector capital investment portion of GDP replaces the current government spending portion of it.
The government produces nothing. It certainly isn't in the business of inventing technology to make workers more productive. Quite the opposite.
and on and on,..
These all reduce government spending,.. inflationary money printing,..
Yes,... government deficit spending does add to the money supply,... money supply is more than Hanke's belief that it only involves M2.
Michael Howell and Friedman long ago have said this.
And puts us on the path to have government deficit spending as a percent of real GDP between zero and the real growth in GDP.
0 < dDeficitSpending% < drealGDP%
Which will allow us to grow our way to a smaller debt to GDP ratio.
Hanke had some of the best perspectives on bitcoin that I’ve ever heard; and I sure noticed how uncomfortable Lin was in hearing that; is evident that Lin is in favor of bitcoin
Funny, I thought he had some of the absolute worst takes on bitcoin that I've ever heard. I think David was just cringing at how outdated his takes were, and how uninformed he is on bitcoin. It was hard to watch.
If someone could orange pill Hank’s, we might have the keys as to how to speak to the rest of the boomers who are quick to write Bitcoin off as speculative. I think Hanke has been in tradfi for so long that he is unable to imagine something other than what he knows. Other than that, I really enjoy listening to him and his perspectives!😅
favored of the superior currency against the currency issued and owned by governments? how could he!?
@@LeaHerrington He is a wealthy PhD academic working at a top university. His entire life's work and success is built on the very system of lies that bitcoin is here to challenge.
@@newbraveworld9733 this dude is like Eatapeach on ZH. They are the height of stupidity regarding BTC. If they knew how wrong they were, and that we all know how wrong they are, they would be so embarrassed by running verbal diarrhea about something they have absolutely zero understanding of they would literally never say the word Bitcoin again.
Great video! Profited 30%! XAI67F$ and ADA look solid. SOL also tempting. Should I stick or diversify?
Interesting view point and discussion with Hanke - and I like the way you handle the topic, I enjoy watching and listening, good work David!
Professor Hanke, you are the best! Thank you for the information you share with us the listeners. You have made me a believer that the money supply does affect our economy!
The way 41:07 David said "OK professor“
Sums it up well
Despite the money supply supply contraction, M2 money supply is still 2+ trillion dollars above long term trend line. The 40% percent increase in money supply in 2020 was unprecedented. I think Prof. Hanke is missing the point that liquidity is still very high despite the recent contraction due to the enormous growth in M2 in 2020.
Very true your comment. If this hanke so smart how to overlook this. On every video on he talks endless on the growth and overlooks the trend line for m2 and still very high from all money creation during and after covid.
I think you have a valid point.
Good observation, I agree. Crazy the implications of the expansion of money in 2020. People fail to realize the long last effects of it.
super show!!! thank you for bringing the Prof back we love him :)
Money supply has contracted since summer 2022??? Just looking at all the money created out of thin air by utilizing huge debt in JPY for investing in USD makes me strongly questioning Steve Hanke‘s thesis. I am afraid that his ‚national economy’ approaches are no longer valid. ‘Money Supply’ is way more complex and global today.
David doesnt like Hanke's view on Bitcoin, But Hanke is 100% right
excellent interview.
Enjoyed this podcast. Smart guest and very informative. Thanks David and more power to you. Have a Happy and Prosperous New Year to everyone !!!
Thank you David
Thanks!
Prof. Hanke is so right about everything. He’s a National Treasure. I have first-hand experience with original Trump tariffs and ensuing exemptions and what he says is spot-on.
Thank you, Professor and David, and Happy New Year :)
The government adopting Bitcoin would also be environmentally disastrous. We should not be promoting a asset that contributes more carbon pollution through excessive energy consumption.
CO2 is not poisonous, without it 99.9% of all life on earth will disappear.
That and it's a widget😅
16:17 No, I would not be interested in hearing ANOTHER BITCOIN debate.
It is FUNDAMENTALLY of ZERO VALUE as has been clearly stated an endless number of times. It is a speculative asset, and by that I mean it seeks more and more interest to sustain its tradable price.
No government or regulated company should be involved in active market manipulation of price - which is ultimately what you’re constantly proposing.
I will summarize your argument: limited supply of nothing I bought for less yesterday and want you to buy for more today and tomorrow. That’s it… THAT’S IT. End of debate.
But then you’ll have a debate anyway because it’ll gain views aka attention and that’s what this asset feeds on.
How do I say I have no idea what's going on or what's going to happen..with out saying I have no idea what's going to happen...
Hanke wields the scythe and dominates all this current events malarkey on this fine day- bravo
Thank you David for having Prof. Stephen Hanke on a frequent basis..
“Outlaw Bitcoin..!!!”
Haha
Please
Try it…it wouldn’t make a difference to the Btc network.
Yes, good love to hear a debate between Steve Hanke and an economist with a different view point
You know you're talking to an economist when they talk about the velocity of money. 😂
I think Professor Hanke is right, the slow contraction of the money supply will slow down the U.S. and thus the global economy. If the war in Europe ends and the U.S. slows down the amount of spending in the Military Industry Complex this will cause a negative multiplier leading to a recession in the U.S. economy.
Professor Hanke is also 110% right about bitcoin and a bitcoin strategic reserve. It would be the most asinine thing a country could do. Moving these savings into bitcoin Will slow down the level of capital accumulation thus productivity and the economy as a whole.
Professor Hanke did a good job. I don't always agree with everything Professor Hanke puts forward, but he is always about 80% or more right on everything he says.
Professor's constant hammering has finally driven the nail deep into my understanding.. all I look for now is money supply changes
Me too
Steve is my 2nd fav after Peter Schiff!
Yet another great interview!
Prof Hanke is one of the few who has the right mindset to look at the economy.
There are too many of his peers who seem to float in pure academic theories which are far out in an unrealistic sphere.
The guest nailed the reason trump likes bitcoin,
It is to line his pockets, nothing new there. Trump has always been for sale.
Explain
@@darrenmorange he personally owns millions in crypto.
This country is in serious trouble if we throw our gold away to purchase Bitcoin.
MAKE SURE YOU HAVE CASH TO BUY MORE GOLD IF THE PRICE IS GOING DOWN
@@petruflorintofoleanu5865 Please don't shout.
You think this country has gold???? The FED sure does, to keep it away from us!!
yea suc ha big problem to exchange one asset for a stronger asset
We’d be like a big Canada
Look at the comments full of dumb arse crypto bots trying to scam your listeners
i know right, eat your fiat like agood little boy!
David are doing an excellent job with your RUclips channel always asking very good questions to all the experts you interview educating and informing us very Well. Interviews with professor Steve Hanke are the very Nice desert you gave to us on this channel. Continue your good work in 2025
10% profits already thanks to your call. Thinking about XAI28K, MATIC, and ETH. Should I go deeper?
Professor Hanke has a stellar record of economic forcast and my respect.😻
Imagine XAI28K at $1 now and $15 next year. That’s why I’m all in-no brainer!
I love listening to Professor Hanke. Thank you David for always bringing him on.
The reality is that Tether is a back door way to sell US treasuries and I don't see that ending well.
Bitcoin will still keep going on my friend it will affect the price for a moment not the network.
and why dont you se that ending well
@@bamsenification It's complicated. How USDT / US Dollar Tether ended up being backed with US Treasuries, and I mean billions of dollars in US Treasuries, not small amounts, is too complex for me to understand. Crypto is a purely speculative asset so, I guess, this was a way to create their stable coin. Crypto that you personally hold is a non-recourse asset, which means if you lose the code or your wallet key or your wallet gets hacked you have no recourse, to get a refund for a wrongful charge.
Anyhow, that wasn't my point. The USD is a fiat currency backed by the full faith and power of the US military and the DOJ. That's it. Tying US Treasuries to USDT is good for Tether, as a so-called stable coin, but bad for the USD, in my best guestimation. I view this as a pump-n-dump scheme. Those never end well.
@@faithsrvtrip8768 billions in trasuries is small money
ok yes i have questions about such things too
Mr steve, you're not the only one who feels the way you do. I do too feel the way you do. And I'm sure there's other people. I've been thinking everything is overpriced for a long time. I guess PE ratios and Book values and all the other metrics of stocks do not count anymore. At least for now. I think all of these metrics will start counting again, really soon. And I'm really glad to see you on this show. I like when people have you as a guest.
love seeing David gets frustrated :). Please bring Hanke and Jason Shapiro back!!!!
This is a great way to explain circumstances in many parts of world now for various reasons.😅
Lol shes entered Hankeys dictionary of economic stupidity. This guy is great.
Once again, fantastic content and good discussion. Thank you!
I reached $138k today. Thank you for all the knowledge and insights you've shared with me over the past few months. I began this journey in October 2024. Financial education is essential for over 70% of the population, as only a few are truly literate in this area.
Thanks so much Mrs Helen Curtin.
I'm surprised that you just mentioned and recommended Helen Curtin, I met her at a conference in 2018 and we have been working together ever since.
The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.
You trade with Helen Curtin too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much.
David trying to be respectful of Professor Hanke’s position on crypto was a something to watch! 😅Regardless, we all may as well just ride the crypto wave if the new administration is pro-crypto 🤷🏽♀️. Always love seeing the good professor’s interviews.
Always enjoy learning from the Prof!
Q for Prof Hanke regarding reserves in "waiting" not being invested : what does it matter if it's gold or Bitcoin ? If these reserves are a drag on the economy by the virtue of not being invested, what difference does it make if this is crypto or gold?
OMG, your calls are insane! 10% gains last week. Thinking about XAI28K, SOL, and MATIC now. Thoughts?
Sol yes, Matic no, and that other one is a scam coin you are pushing to steal peoples money.
Message for Professor Hanke. Maybe he understands but love to be ignorant!
“For most people this concept has not QUITE SUNK in….
Everyone can access it because it is not a PRODUCT and not a COMPANY
As soon as you DOWNLOAD one APPLICATION you can JOIN a global ECONOMY that global Economy is open to anyone of any RACE, RELIGION, CREED, ETHNICITY, AGE anywhere in the world.” As paraphrased by Andreas Antop
16:26 Hanky vs. Robert Breedlove 🖖
👍 Thanks David, I was hoping that you could bring in Prof. Hanke, end of the year for 2025 outlook. I guess you read my (and many others) mind😊. Wish we have more time with him (at least one and half hours) as he has so much to share and provide context to.
excited for learning from professor Hanke. Thanks David
The professor is always grumpy! But he is smart and has great insights!
He likes to drink scotch.
Happy New Year! Thank you for sharing your experience and knowledge.
Thanks great show
David - you cut Hanke off just as he was about to tell us about which commodities we should consider investing in!
🇺🇸FED PONZI🇺🇸>🚨CRYPTO PONZI🚨
Yeap
But we agree both are Ponzi schemes?
He is 100% right about crypto. There is zero productivity behind crypto. The original idea that it could be used as a means of exchange for goods and services would have been useful, but in that case it is extremely inefficient compared to fiat. Now as a speculative instrument, it is not stable at all relative to any currency and nobody is going to use it other than as a way to sell for fiat to the greater fools. But if that money hadn't been chasing the crypto pump it would have went into productive means in the real economy that is the production and exchange of goods and services, not of computer code.