I blame the Fed for global economic crisis, they can print credit as long as someone will borrow it into existence, but production cannot be printed. Right or wrong?
@maria_casey well done! love to stick it on my own but at some point, everyone needs a sort of professional guidance, mind disclosing info of your advisor here please? i'm in dire need of portfolio assistance
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.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival
I agree. I have pulled in more than $435k since 2020 through my advisor. It pays off more in the long run to just pick quality stocks and ride with those stocks.
I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with Stacie Lynn Winson for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.
I know f*ck all about investing, but I love listening to guys like David and James who so obviously know what they're talking about. Somehow the logic and reasoning is magnetic.
@@Stocks-vu1zzI have another, longer comment that I posted explaining all of this, but he's wrong when he says military spending can't be touched/reduced and raising corporate taxes is also a no-go
👍Hi David, nice to see you wearing a poppy. It shows you are not only concerned about money -- but have a heart for poorer ordinary people from other walks of life.👍
Inflation worldwide is high, very high, and hypeinflation. The US is high vs other countries where hyperinflation is killing their currencies: Argentina, Turkey, Lebanon, etc. I don't know if bitcoin is the answer, just not enough data to support this theory. The USD is still "king" during times of inflation.
Regarding Bitcoin - What about once Quantum Computing comes on the scene? Would love to hear his input on how that will effect the "hackability" of BTC.
I disagree with James and his (three) 3 things the government can do. 1. Austerity = equals a deflationary collapse (never happen) 2. Money Printing 💰 = hyper inflation. (probable) 3. Currency reset to CBDCs to eliminate and restructure debts and hope confidence is maintained. (most probable)
recession and stock declines usually materialise 6 months to a year after the central bank 'pause'. So do we get a melt-up for 6 months followed by a massive sell-off when the recession kicks in?
he speaks a lot of sense until he said bitcoin will be a better hedge than gold. That's a very bold statement for a financial instrument that is so young against gold which is battle proven for thousands of years. Bitcoins biggest vulnerability is the off and on ramp into fiat which it cannot avoid. not to mention the potential government crack down on cryptos. the farmers and supermarkets in Venezuela dont take bitcoin for food but they are accepting gold and silver.
Agreed. What lots of people also glance over is that bitcoin has perfomed as a techstock (overlay the nasdaq with bitcoin) and hasn't the same movement characteristics as gold.
Too late to crack down on bitcoin. China banned it, not only did it survive but it got stronger. The US will get a spot ETF soon and it will start going into everyones 401k. Its not going anywhere. And you need to check out El Salvador. It's legal tender there and people accept it. As a millenial I can tell you I have zero interest in gold. I understand, trust, and want bitcoin more.
I was gonna say the exact same thing. I lost all respect the minute he mentioned bitcoin. How can anyone take this Ponzi scheme seriously? It baffles me that anyone would invest in an asset that started at one penny and is now worth $40,000. I wholeheartedly hope the government bans bitcoin like they did in China.
11:50 Guest (not prone to hyperbole) says of the treasury, "what that tells you is they are playing chicken with the economy and the fed" I hope he elaborates on how much the fed and treasury are united or work in conflict. Host lets it pass and asks about a recession prediction.
Moody's changes Outlook on US rating to negative citing massive fiscal deficit & political polarization which exacerbates fiscal risks. BUT Affirms Aaa rating.
I always humor myself when I hear people like James say that Bitcoin is the hardest asset and you can remember the seed phrase in your head… the average American can’t even tell you what they had for lunch yesterday 🤣😂 let alone remember a seed phrase! Slowly things turn for this space; slowly but surely.
If you have 1 million dollars worth of Bitcoin, will you give it to someone else for safekeeping? With gold you have no option but to keep in locks at home or in the bank where it can be stolen or confiscated or forgotten (people find gold in backyard still today) With Bitcoin you have opportunities to self custody irrespective of the amount you are safekeeping. Given the right incentive anything and everything is possible.
I too should have made it to the NHL, too bad I didnt start playing till I was 28 years OLD. Too old for a pro hockey player to start. Guess ill follow James' lead and get into finance and macro 😂 Thanks David
Thank you so much. I have been watching lots of analysts, but was a bit fuzzy on the bonds aspect. We feel a bit out of it in the UK. Are we able to invest in this fund? Great show always, David!
Instead of a fake coin, let’s make a case for land/real estate. The logic is the same. There’s only so much real estate in the world….so why not include an actual asset, instead of an algorithm for hedging? And real inflation is 15%.
He called bitcoin a hard asset to own. The definition of hard asset:"Hard assets are physical or tangible assets that hold value and are normally held for the long term. In addition to tangibility, they are also visible and are considered an investable asset because of their intrinsic value." What intrinsic value does bitcoin have? On top of that who can hold this asset. I don't really care him being from the bitcoin cult, but you should correct him on that David. Thank you.
"Who can hold this asset"... Uh, I do? My friends all do? My boomer dad does? WTF are you talking about? And of course bitcoin has no intrinsic value, it's money. Money has no intrinsic value....never has, never will. You want something with intrinsic value, go buy a gallon of gasoline lol.
bitcoin is the hardest asset, and bitcoin is tangible tangible is different than physical which is why the definition you provided calls out both an intrinsic value for bitcoin can be calculated based on production / mining costs
When everything is measured from bitcoin system, there will no longer be a need to chase money in a deflationary environment caused from the technology layer
Thanks for such great information. I’m a little confused. Would you be so kind to explain why the treasury selling $112 billion dollars is part of the Quantitative Tightening program. Thanks in advance
🙏🏼 for a good interview sharing thoughts and ideas. So almost 24 months later, we are back to the train of thought of that whitepaper that the solution of the gov(s) will be to accept the mega high inflation, thru QE, hoping that the debts will just melt away as a percentage of GDP.
How is bitcoin hard money? There are 26,000 crypto currencies, each and every one of them claiming to be better than bitcoin. There are only 4 precious metals in the periodic table.
Bitcoin is in a dysfunctional relationship with crypto. Other crypto currencies are not like Bitcoin. Bitcoin does not have a central governing body, Bitcoin did not have an initial coin offering to early investors, bitcoin does not have the vulnerabilities of proof of stake.
Please try to understand. I like your passionate work, but here you're really missing it UNDERSTAND THAT THERE ISN'T A LIQUIDITY CRISIS! The reason QT is not working is because there's still too much liquidity floating around. The Fed alone, not counting other central banks, created $4.8 trillion within two years of giga-money-printing, as Musk would say; it has now removed $1.1 trillion of it via QT. So the Fed has a BIG GIGA dilemma. There's just too much liquidity that still needs to be shored up. OK???
Once somebody pushes Bitcoin, these lose all credibility for me. It’s like tulips back in the day. No history and no value after a world war, most likely nuclear.
I liked the interview. That’s ok he’s talking his book. That’s expected. I’ll feel like bitcoin can be trusted when central banks buy it. As far as I know they only buy gold.
I still don't understand what gives Bitcoin or other cryptocurrencies their value. That is, how do you put a valuation on a cryptocurrency ? Although many say that gold is not a good investment, at least it's a tangible physical asset that will be around long after we are gone.
It sounds like these long btc people are in unison but it seems like they lost a ton of money and need it to go up so that they can get out. Caveat emptor
S&P 500 bottoms at the end of the recession! So, if recession starts in Q1 , continues in Q2 and Q3, probably the low in S&P 500 will occur in September 2024. At that time interest rates are down , around 3%. So. I can not wait for Fed to cut rates, ( stocks go down when they cut).
@@bannistervoidglad I'm not the only one. It almost feels like I'm watching a movie because because I can see what's happening but no one around me does.
Im sure those who bought Bitcoin at $69000 are excited to here this info . don't be fooled people bitcoin is not the answer. But great for those who can trade it successfully.
If the fed sets a too high tax for BTC, within 24 hours all Bitcoin will flow out of US... that will not happen and they are aware of this. Its exactly the strength of this asset class- its not like a building that if you tax it its staying in the ground.
I blame the Fed for global economic crisis, they can print credit as long as someone will borrow it into existence, but production cannot be printed. Right or wrong?
right! never can tell what the future holds, definitely a time to consider financial planning and not time for blames
@maria_casey well done! love to stick it on my own but at some point, everyone needs a sort of professional guidance, mind disclosing info of your advisor here please? i'm in dire need of portfolio assistance
@maria_casey truly appreciate it, inputted her full name online and at once found her consulting page, she is valid
YES! We've got too much liquidity and not enough production. And now we're in a conundrum!
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.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival
I agree. I have pulled in more than $435k since 2020 through my advisor. It pays off more in the long run to just pick quality stocks and ride with those stocks.
please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with Stacie Lynn Winson for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.
she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
I like how this guy explains things in laymen's terms that we can understand. Not enough financial experts do that.
I know f*ck all about investing, but I love listening to guys like David and James who so obviously know what they're talking about. Somehow the logic and reasoning is magnetic.
Never trust anyone in a Patagonia fleece vest. Ultimate finance bro drip.
James is a really good guest. Lots of great experience and knowledge.
Spending is under control..that gave me a laugh😂
Thanks for having James on the show David. He is such an incredible mind and a gentle giant in the world of finance and crypto
David Lin, for the save and win! I’ll ride the lavish debt spiral to the end! May just go where no one’s been!
Great guest today
This guy is wise!
Okay I see you updated camera quality I love it
James is completely correct. Great interview David.
Umm, NO. If something can be created out of thin air (crypto), then it is *NOT* a hard asset.
No, he's not completely correct
@@idonotlikethismusicwhere do you think he's wrong? What he's saying is what I hear others saying too. What do think will happen? Where is he wrong?
@@Stocks-vu1zzI have another, longer comment that I posted explaining all of this, but he's wrong when he says military spending can't be touched/reduced and raising corporate taxes is also a no-go
👍Hi David, nice to see you wearing a poppy. It shows you are not only concerned about money -- but have a heart for poorer ordinary people from other walks of life.👍
Inflation worldwide is high, very high, and hypeinflation. The US is high vs other countries where hyperinflation is killing their currencies: Argentina, Turkey, Lebanon, etc. I don't know if bitcoin is the answer, just not enough data to support this theory. The USD is still "king" during times of inflation.
Regarding Bitcoin - What about once Quantum Computing comes on the scene? Would love to hear his input on how that will effect the "hackability" of BTC.
Amazing interview, amazing guest! Cheers David!
I disagree with James and his (three) 3 things the government can do.
1. Austerity = equals a deflationary collapse (never happen)
2. Money Printing 💰 = hyper inflation. (probable)
3. Currency reset to CBDCs to eliminate and restructure debts and hope confidence is maintained. (most probable)
recession and stock declines usually materialise 6 months to a year after the central bank 'pause'. So do we get a melt-up for 6 months followed by a massive sell-off when the recession kicks in?
Really outstanding interview. Thanks David!
To those arrogant experts: Do not argue with the market. No one is smarter than the market, period!
So close and yet so far from financial collapse... It will finally come when we do not expect it anymore.
It's probably collapsing right now. We just don't it.
The financial collapse has been here. Substitute “financial” for “stock market”. Then you are correct.
Claprock will rug price like any stock with retail holding the bag happens every time
How's the Bitcoin experiment going in El Salvador ?
For a second there, I thought you were interviewing Boris Becker! 8)
he speaks a lot of sense until he said bitcoin will be a better hedge than gold. That's a very bold statement for a financial instrument that is so young against gold which is battle proven for thousands of years. Bitcoins biggest vulnerability is the off and on ramp into fiat which it cannot avoid. not to mention the potential government crack down on cryptos. the farmers and supermarkets in Venezuela dont take bitcoin for food but they are accepting gold and silver.
Agreed. What lots of people also glance over is that bitcoin has perfomed as a techstock (overlay the nasdaq with bitcoin) and hasn't the same movement characteristics as gold.
Too late to crack down on bitcoin. China banned it, not only did it survive but it got stronger. The US will get a spot ETF soon and it will start going into everyones 401k. Its not going anywhere. And you need to check out El Salvador. It's legal tender there and people accept it. As a millenial I can tell you I have zero interest in gold. I understand, trust, and want bitcoin more.
I was gonna say the exact same thing. I lost all respect the minute he mentioned bitcoin. How can anyone take this Ponzi scheme seriously? It baffles me that anyone would invest in an asset that started at one penny and is now worth $40,000. I wholeheartedly hope the government bans bitcoin like they did in China.
The fiat on and off ramps will limit Bitcoin buying, but gold will somehow be available to the masses?
he also didn't speak sense when he matter-of-factly said defense spending can't be cut and raise taxes would automatically be bad for the economy
The US spends most of its budget on warmongering. Let's focus on that when we talk about the deficit
Excellent interview, excellent analysis of the markets, going to have to look this guy up
11:50 Guest (not prone to hyperbole) says of the treasury, "what that tells you is they are playing chicken with the economy and the fed" I hope he elaborates on how much the fed and treasury are united or work in conflict. Host lets it pass and asks about a recession prediction.
Thank you guys 😄✊
Great guest David. Really informative
"Be fearful when others are greedy and be greedy only when others are fearful."
Warren buffet?
Others are definitely being greedy
Moody's changes Outlook on US rating to negative citing massive fiscal deficit & political polarization which exacerbates fiscal risks. BUT Affirms Aaa rating.
Bitcoin is "The Emperor's New Clothes" of the 21'st century.
The amount of spam comments on here is unbelievable.
I know it's so depressing. It's like this on all financial threads. Truly exhausting.
What an amazing guest.
James you are fantastic!! Regards from Switzerland
How many wars will we have to wage to have a total global dollarization?
fantastic ❤❤ pod the man who talks sense
Great interview David. Thank you
Finally, someone talking sense! What is the FED doing? Playing chicken with the market! Exactly!
Cutting rates? Imagine what will happen to the real estate market. It'll go parabolic, imo.
Well, no, if they cut rates, it's the currency that will go worthless, pushing the cost of everything to go parabolic.
Real estate is unaffordable now. Cutting rates? 😂😂
Good interview. The FED kicked the can again which has built up more pressure in the boiler for BOOM day.
I always humor myself when I hear people like James say that Bitcoin is the hardest asset and you can remember the seed phrase in your head… the average American can’t even tell you what they had for lunch yesterday 🤣😂 let alone remember a seed phrase! Slowly things turn for this space; slowly but surely.
If you have geriatric memory loss issues, you can buy the ETF that will be approved.
If you have 1 million dollars worth of Bitcoin, will you give it to someone else for safekeeping?
With gold you have no option but to keep in locks at home or in the bank where it can be stolen or confiscated or forgotten (people find gold in backyard still today)
With Bitcoin you have opportunities to self custody irrespective of the amount you are safekeeping.
Given the right incentive anything and everything is possible.
100% agree with James
If they reduce rates to quickly, inflation will skyrocket.
There is no avoiding inflation at this point. The alternative is default
Excellent!!!
Even Mr old warren is afraid dollar down.
So if make dollar down and warren exclaim, it is the issue.
Other no matter😂
I too should have made it to the NHL, too bad I didnt start playing till I was 28 years OLD. Too old for a pro hockey player to start. Guess ill follow James' lead and get into finance and macro 😂
Thanks David
James is excellent
Thank you so much. I have been watching lots of analysts, but was a bit fuzzy on the bonds aspect. We feel a bit out of it in the UK. Are we able to invest in this fund? Great show always, David!
so the world is on fire , thanks david ! 😂🎉
Instead of a fake coin, let’s make a case for land/real estate. The logic is the same. There’s only so much real estate in the world….so why not include an actual asset, instead of an algorithm for hedging? And real inflation is 15%.
A financial expert and a great tennis player!
Thank you!
37:20 Can BTC transactions work out in space?
Space does not exist
Certainly much more instructive and realistic than "50000$ Gold's John Butler"
Excellent guest
He called bitcoin a hard asset to own. The definition of hard asset:"Hard assets are physical or tangible assets that hold value and are normally held for the long term. In addition to tangibility, they are also visible and are considered an investable asset because of their intrinsic value." What intrinsic value does bitcoin have? On top of that who can hold this asset. I don't really care him being from the bitcoin cult, but you should correct him on that David. Thank you.
"Who can hold this asset"... Uh, I do? My friends all do? My boomer dad does? WTF are you talking about? And of course bitcoin has no intrinsic value, it's money. Money has no intrinsic value....never has, never will. You want something with intrinsic value, go buy a gallon of gasoline lol.
bitcoin is the hardest asset, and bitcoin is tangible
tangible is different than physical which is why the definition you provided calls out both
an intrinsic value for bitcoin can be calculated based on production / mining costs
@@intertubedude are you delusional? Are you suffering from mental illness? Just go read what you wrote, and tell me if your comment make any sense
When everything is measured from bitcoin system, there will no longer be a need to chase money in a deflationary environment caused from the technology layer
Keep Printing money , admit nothing , all is good 🙂😂😂😂😂🙂🙂🤔🤔🤔
This guy looks like Brett Hull. Great interview.
He sounded very credible until he started talking about Bitcoin.
Thanks for such great information.
I’m a little confused. Would you be so kind to explain why the treasury selling $112 billion dollars is part of the Quantitative Tightening program.
Thanks in advance
Great conversation...thank you.
🙏🏼 for a good interview sharing thoughts and ideas. So almost 24 months later, we are back to the train of thought of that whitepaper that the solution of the gov(s) will be to accept the mega high inflation, thru QE, hoping that the debts will just melt away as a percentage of GDP.
Are you saying there is some other way out of this mess?
How is bitcoin hard money? There are 26,000 crypto currencies, each and every one of them claiming to be better than bitcoin. There are only 4 precious metals in the periodic table.
Bitcoin is in a dysfunctional relationship with crypto. Other crypto currencies are not like Bitcoin. Bitcoin does not have a central governing body, Bitcoin did not have an initial coin offering to early investors, bitcoin does not have the vulnerabilities of proof of stake.
Great interview, thank you for sharing.
Thank you David, this is good.
30% of BTC has become lost as owners forgot their keys
But the definition of Recession is also changing per NBER :)
Thank you
Incredible video. Big thanks
What happens when Fed Res does not want btc competitor ? USA already has a GOLD BACKED CRYPTO called COEPTIS since 2015
A other great video david 🔥
Dollar was King , but this is changing fast
Please try to understand. I like your passionate work, but here you're really missing it UNDERSTAND THAT THERE ISN'T A LIQUIDITY CRISIS! The reason QT is not working is because there's still too much liquidity floating around. The Fed alone, not counting other central banks, created $4.8 trillion within two years of giga-money-printing, as Musk would say; it has now removed $1.1 trillion of it via QT. So the Fed has a BIG GIGA dilemma. There's just too much liquidity that still needs to be shored up. OK???
Super stream, thanks David
So much knowledge
Once somebody pushes Bitcoin, these lose all credibility for me. It’s like tulips back in the day. No history and no value after a world war, most likely nuclear.
Ebays EBY400X combined the blockchain idea and mainstream digital markets which is something no one else did
What exactly is under control? The train is getting louder. We are in big trouble.
I liked the interview. That’s ok he’s talking his book. That’s expected. I’ll feel like bitcoin can be trusted when central banks buy it. As far as I know they only buy gold.
I still don't understand what gives Bitcoin or other cryptocurrencies their value.
That is, how do you put a valuation on a cryptocurrency ? Although many say that gold is not
a good investment, at least it's a tangible physical asset that will be around long after we are gone.
This guy is wild saying bitcoin is better than gold! 😂 🤡
All bitcoin is, is a limited number of computations, yet the number of crypto assets that can be created is limitless.
What is Boris Becker doing in crypto?
are they really gonna approve a spot ETF when Tether USDT is minting close to $10 billion in a month and USDC is depleting
Bad news like inflation use to make tangible shine but digital crypto changed everything
That makes no sense. I suggest you learn the rules of English grammar.
It sounds like these long btc people are in unison but it seems like they lost a ton of money and need it to go up so that they can get out. Caveat emptor
Bitcoiners are long term holders. We aren't interested in "getting out". Getting out to what? Bitcoin is the "out".
S&P 500 bottoms at the end of the recession!
So, if recession starts in Q1 , continues in Q2 and Q3, probably the low in S&P 500 will occur in September 2024. At that time interest rates are down , around 3%.
So. I can not wait for Fed to cut rates, ( stocks go down when they cut).
Amateur alert! The stock market bottoms BEFORE the recession. And by the way, the recession isn't coming anytime soon.
@@method341why do you think no recession on the horizon? Yield curve is inverted.
@@Stocks-vu1zz indicators are 100% until they aren't. Nothing is 100% in the stock market.
I really believe we are swinging, Blackrock, the upcoming halving and most of all Ebays EBY400X indicate strongly the momentum shift
suddenly I'm wide awake thinking we're on the brink of a major financial paradigm shift.
We are. I don't sleep at all.
@@bannistervoidglad I'm not the only one. It almost feels like I'm watching a movie because because I can see what's happening but no one around me does.
People know. But they aren't on RUclips that's for sure. @@Stocks-vu1zz
You lost me at Klepto-Currency
I still think he looks like Steve the pirate from Dodgeball
Im sure those who bought Bitcoin at $69000 are excited to here this info . don't be fooled people bitcoin is not the answer. But great for those who can trade it successfully.
Honestly, I was scrolling through the feed, half-asleep, and then BAM! Ebay's EBY400X announcement hits, and
Time for a new system so we all can prosper worldwide !!!!!!!!!!!!!
If the fed sets a too high tax for BTC, within 24 hours all Bitcoin will flow out of US... that will not happen and they are aware of this. Its exactly the strength of this asset class- its not like a building that if you tax it its staying in the ground.
Which country lied a little bit about inflation and got out of debt by inflating nominale gdp?