@@pompliano7855 quick question: how does it make sense that the firm that manages my IRA has no plans to invest my recent pension rollover (I'm taking IRA distributions), but, at the same time pushed back when I wanted to greatly reduce my stock exposure late March of this year? You know, before my balance dropped another 10% 😡
I have been preaching this since 2013. The Fed, at the time, had the opportunity to reverse this course when Chairman Bernanke announced that the tapering of the Fed's expansive monetary policies would be postponed. Ever since then the Fed, as well as Congress and the Administrations, have overstimulated the economy, creating epic bubbles. It has not left me disappointed, or even angry, but instead enraged. Stanley Druckenmiller is right.
You have no idea how bad it was then and now. "08" (the housing crisis, Right?) Wrong! The global financial crisis and, in particular, Pension Fund Crisis. We (I MEAN Wall Street/ FED) leveraged the entire planet 5:1 in 08. OTC Derivatives Baby. You cant offshore 60K manufacturing facilities and 6 million jobs to the largest communist country and largest country by far and do it in the dark of night and not have repercussions.. And consider the sheer effort of Wall street corporate american and our politicians to accomplish these task in the 8 years of the Clinton Admin alone. You know the number of levers that had to be pulled at the highest level to transfer that amount of wealth. In 1990 the US economy was 6 trillion and China's was 360 Billion. They are now poised to overtake us and we are running 14 trillion dollar deficit.. the only thing we export is the Dollar
I didn't quite get his comment on his position on equities. He mentioned he is long equities but should be exiting long equity positions by end of the year ?
Druckenmiller should be the one conducting the interviews for the testimonies given by Powell to the Senate. It's easy for Powell to fill those ignorant senators with misinformation and get away with it. Put him against Druckenmiller and let's see what happens.
He went short the dollar, I’m interested now that the dollar is at 20+ year highs, although he did say he can change his mind would love to know his perspective a year later
My Dad was a hard money lender. He often said “There are those who move quickly to make things happen and the majority who expound in frustration “What happened??” Decades ago during extreme inflation the word on the street was “Buy Gold!” so I bought $5000 Long on margin and that following morning I watched my stops hit again and again till all my money was gone. I turned to my partner and asked..,”What happened??🤨🧐😩
Maybe they really don't care if us currency status of the US is lost ?? Maybe they don't mind at all if another form of currency takes that spot in the financial world ??
Possibly. The US has been shipping dollars a broad as treasuries for decades (since mid 70s through oil market) and the payments for last decade has been coming back to us into their equity market (no longer buy treasuries, they buy apple and such). So if they give up that flow of money, two things happen - the dollar falls in value and the equity markets fall. Would the US public allow that? Would the fed allow that? Would the politicians allow that?
Why? Socialism / Communism that's why. The State or State sponsored enterprises will end up owning these means of production and distribution. They will also end up owning more land and real estate of all kinds when the bonds and debt default.
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Great guest. Great interview.
Love how the interviewer allowed mr druckenmiller to fully answer his questions... Good job
Stanley needs to be running the Fed
So powerful. So insightful. Thanks a million for this.
Thank you Stan! I always appreciate hearing from people who have managed the legendary Quantum Fund.
Is a great opportunity to hear from you also
@@pompliano7855 quick question:
how does it make sense that the firm that manages my IRA has no plans to invest my recent pension rollover (I'm taking IRA distributions), but, at the same time pushed back when I wanted to greatly reduce my stock exposure late March of this year? You know, before my balance dropped another 10% 😡
I have been preaching this since 2013. The Fed, at the time, had the opportunity to reverse this course when Chairman Bernanke announced that the tapering of the Fed's expansive monetary policies would be postponed. Ever since then the Fed, as well as Congress and the Administrations, have overstimulated the economy, creating epic bubbles. It has not left me disappointed, or even angry, but instead enraged. Stanley Druckenmiller is right.
You have no idea how bad it was then and now. "08" (the housing crisis, Right?) Wrong! The global financial crisis and, in particular, Pension Fund Crisis. We (I MEAN Wall Street/ FED) leveraged the entire planet 5:1 in 08. OTC Derivatives Baby. You cant offshore 60K manufacturing facilities and 6 million jobs to the largest communist country and largest country by far and do it in the dark of night and not have repercussions.. And consider the sheer effort of Wall street corporate american and our politicians to accomplish these task in the 8 years of the Clinton Admin alone. You know the number of levers that had to be pulled at the highest level to transfer that amount of wealth. In 1990 the US economy was 6 trillion and China's was 360 Billion. They are now poised to overtake us and we are running 14 trillion dollar deficit.. the only thing we export is the Dollar
Druckenmiller is the GOAT! Along with: Warren Buffett, Michael Burry, Jeremy Grantham and Jack Bogle.
Its remarkable how his predecessor Jim Rogers and he, think alike about the world, life and the markets. Amazing person.
The last surviving ideal that we can lookup to. Being following his work close to 10 years now. I feel really lucky to follow him for that long.
I didn't quite get his comment on his position on equities. He mentioned he is long equities but should be exiting long equity positions by end of the year ?
@@aiseh7788 correct, that is what he said in this interview.
@@aiseh7788 Did he say where he was going to? I think he doesnt like bonds and the dollar.(Sorry, i did not see the date)
This dude is a genius. Hands down.
Spring 2020 was the most pleasant time of my investing career. Let's do it again
That's so great
Great conversation, wise and meaningful views! 🧠
Thank you kindly ✍️
Druckenmiller should be the one conducting the interviews for the testimonies given by Powell to the Senate. It's easy for Powell to fill those ignorant senators with misinformation and get away with it. Put him against Druckenmiller and let's see what happens.
He went short the dollar, I’m interested now that the dollar is at 20+ year highs, although he did say he can change his mind would love to know his perspective a year later
How is this not at a billion views
Its stan!!!@
Cause most people are too scared to face the truth
Thanks for posting! Just subscribed!
My Dad was a hard money lender. He often said “There are those who move quickly to make things happen and the majority who expound in frustration “What happened??”
Decades ago during extreme inflation the word on the street was “Buy Gold!” so I bought $5000 Long on margin and that following morning I watched my stops hit again and again till all my money was gone. I turned to my partner and asked..,”What happened??🤨🧐😩
Cool stuff, Thanx 😊
The interviewer is truly anoying. Let the legend talk
Maybe they really don't care if us currency status of the US is lost ?? Maybe they don't mind at all if another form of currency takes that spot in the financial world ??
Possibly. The US has been shipping dollars a broad as treasuries for decades (since mid 70s through oil market) and the payments for last decade has been coming back to us into their equity market (no longer buy treasuries, they buy apple and such).
So if they give up that flow of money, two things happen - the dollar falls in value and the equity markets fall.
Would the US public allow that? Would the fed allow that? Would the politicians allow that?
50:25. The corruption of the markets by our politicians.
They laughing all the way to the bank. All these Fed members r invested in all kinds of financial assets, making huge money.
@@gabrielmartinez2455 and they sold in November of 2021 😡
The only reason it isn't happening quicker is there are soo many dollars circling the drain they cant keep it unclogged
38:45 Says it all
So, is 20 MM or 100 MM 1% of his net worth ? Must be nice !
👌😁✌
Stanley get a new mic bro
We are all screwed
Why? Socialism / Communism that's why. The State or State sponsored enterprises will end up owning these means of production and distribution. They will also end up owning more land and real estate of all kinds when the bonds and debt default.
Is anyone else annoyed at this guy’s window pane fashion eyeglass look? 43:54