Biden’s Top Economic Advisor on Money, Debt and MMT: “I Don’t Get It.” 

Elderly people are more susceptible to money scams!

The current monetary system is a giant scam, income tax is just harassment of the citizenry, the “debt” is unconstitutional, unlawful and illegal. The whole fractional reserve banking system is a Ponzi scheme. The faster this system crashes the better, because then the powers that be won’t be in the position of running the next system. What do I want to see next? I recommend a sound monetary system please and thank you.

Jarrod Bernstein is a doosh.

When a bank buys bonds its printing money. When the public buys bonds its not as that money is existing.

It's not the advisor that is dumb, it's the Federal Reserve System. I fear that most people missed the whole point. Yes, that guy did get the lender and borrower reversed - for that he is dumb but it's that system that is dumb.

I'm guessing the only reason he is handling money affairs is because he is a jew.

That's where he learned to paint himself into a corner.

That so-called advisor (he's really a blocker) knows the truth, he is just afraid to discuss how his friends at the (non)federal reserve steal the money by lending it to the government at interest, which mathematically can never be paid back, so more and more must be borrowed. 😮😮😮😮😮

We should have exams for holding office. Democracy is failing us and we are electing morons who are good at social stuff. We need competent people in power not phony people.

@@yashpatel261 You actually believe we are electing these people? They are selected by the evil little clique of overlords who run things behind the scenes. All by design.

truth is that gold serves as an inflation hedge in the long run, but not profitable in the short run. only thing you can predict is a strong effort of wealth transfer from the people to the powerful. luckily some folks find solution in financial advisors

I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.

Impressive can you share more info?

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Colleen Rose Mccaffery” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

Yeah, the service sector has been the largest US employer for decades.

Guy doesn't even know what he is talking about w....t.....f..... Biden and his supporters are brain dead idiots at this point ....no reason to be on the guys side other than stubbornness or ignorance

😂😂😂 it's okay it's all love and stupid

Maybe some people should move to Cuba and stop forcing this garbage on us.

Most frightening time in the history of the United States.

Americans now are completely economically ignorant, and we are ruined.

"The educational system won't be fixed. They want people just smart enough to do menial jobs, and stupid enough not to know how they are being screwed over." to paraphrase George Carlin

They stopped printing money when they started hiking interest rates. That's the literal meaning of quantitative tightening.

yes, my point being why go through this process if you will continue overspending and devaluing the dollar either way. It’s a mess, we wouldn’t be in this spot if our government could run a budget. On a personal note I've worked closely with my advisor to grow my portfolio from $200k to $4.8 million through stock trading because as a businessman, I prefer to invest my money rather than let it sit idle and lose value over time due to inflation.

Despite the ups and downs in the stock market, you've managed to turn your investments into good profits. Could you share the name of your advisor? I have $300k saved up and ready to invest. Letting money sit idle isn’t my style as well, I’d rather put it to work and keep it growing.

She is well known as - Chasity George Charles. please do your own research.

I am on the look out for experts and after doing my research online will say she meets my requirements, Thank you for sharing with us. I already sent her a mail hoping she can make out time in her busy schedule to assist me.

Printing money can undermine confidence in the currency. You mentioned returns. how do you know if its a result of research or luck? Luck in investing is often downplayed, but it's crucial. I've experienced this firsthand

when its consistent, its not considered luck. research was the challenge till it led to Emily Ava Milligan, a top fund manager, her strategy made 290k into this and counting.

I pasted her name into my browser, her website popped right up. Your example is rare, and tangible. I wish I had it to reference earlier. thanks for sharing

Most of the WORLD is also now economically ignorant.

He's not America's leadership. He's an advisor to America's figurehead leadership. The actual leadership definitely knows how the monetary system works

Correct.

The most insidious tax!

A tax on the poor

I'll take wise and humble over "smart" any day of the week.

Yeah, they’re not alone in that insane misconception. I had a conversation with a radiation oncologist about all of the economic bullshit going on and he was convinced everything was fine because the stock market was soaring. I was floored. This guy is literally in the top 5% of his field nationally, and he holds an MBA as well. It’s amazing how disconnected these people are from even fundamental reality.

Absolutely correct. But the key is that we never should have left the CLASSICAL gold standard, pre-Fed. Imagine this: before the Federal Reserve took over the money supply, companies could actually issue 100 year bonds! People felt confident enough in monetary stability that they'd lend a private company on a 100 year term. NUTS.

Agreed 💯

@@DadSavesAmericaAnd you’re completely ignoring that recessions happened all the god damn time until the Fed was created. Getting rid of the Fed and returning to the gold standard is a horrible horrible idea.

@@DadSavesAmericaIs there enough gold to go around? How about monetize different assets and create a basket of them?

A Jewish characteristic

Thank you.

It is so enraging that people so dumb are astroturfed to such positions

​@@Pathippie Guess who is on the Board of Governors of the Federal reserve sys. The ones who are in charge....they also own the Banks!!

Then stalin and those guys never figured out how to make people be productive without money and kep using money and telling its citizens the inflation will eventually bring the utopia. Then after awhile citizens starting questioning that and the soviets actually started to reverse course and try to stop inflation, but they never really delivered their promised of getting rid of money and eventually collapsed because even the political class there itself simply didnt believe it anymore

Too bad that with such a brilliant mind Lenin could NOT figure out how to improve his own people's wealth. Instead he condemn them to obscurity and represion.

They pretend like they *don't* know what's going on. It's the government's job to play dumb.

This guy is not as smart as a golden Retriever but is far more dangerous.

Thanks! Stick around!!

Because we are ruled by psychopaths.

Thanks! Now you can share this to start off a conversation! Be sure to subscribe for more to come, including a follow up where I take on some of the comments on this video!

I really appreciate that.

More to come!

@@DadSavesAmerica Maybe some content on Bitcoin. Your thoughts on how many people, like Robert Breedlove, Anthony Pompliano, Michael Saylor, etc continue to advocate for Bitcoin as a superior monetary asset.

Right back at ya!

Gee wiz. I sure hope more than 2 people understands this. Wishing for something to be untrue doesn't make it so.

Thanks for watching! Hope you stick around!!!

One world currency coming up

Magic time ✨🪄😀✨✨🪄 call the wizards 😂😂😂😂😂

Taxing is what gives value to the money. It forces you and me and everyone to use the money. When money is taxed by federal government, the money no longer exists in the economy. Money is printed to be used and taxes take the money that is no longer being used out of the system. The reduced amount of money in the system drives the demand for money up. Supply and Demand. When millionaires and billionaires don’t pay their fair share, which is 70% of them, they are stealing from the public resources that the rest of us should be getting. Our standard of living falls when taxes aren’t paid. Taxes aren’t an evil plot against you. They are the fundamental design of a capitalist system. You love capitalism don’t you?

​ @realchicagophill Thanks for weighing in... but this is false on multiple levels. Each sentence has mistakes, just about. 1. Yes, the need to pay taxes in the national currency DOES create a use for that currency, but it's one of many. And as we've seen, the value of currencies and inflation rates vary WIDELY between countries. High tax countries can and often have had higher inflation than low tax countries. That's because money's value is determined by the supply and demand for the money itself. Hyper-inflation societies have had high taxes. Also, foreign holders of dollars do not primarily do so because of paying taxes. They acquire them through trade and they hold them to use in trade and exchange. 2. "The reduced amount of money in the system drives the demand for money up. " - um... nope. Reducing the supply of a good does not change the demand for that good. They are two separate things all together. This is econ 101. Reducing supply (a shift in the "supply curve"), will increase the price. If OPEC cuts back oil production, it has no impact on the demand for oil, it raises the price, all else being equal. 3. "When millionaires and billionaires don’t pay their fair share, which is 70% of them, they are stealing from the public resources." Nope. First of all, America has the most progressive tax system in the OECD. We fund our government to a larger degree than any other nation on the backs of our highest income earners. Period. That's a fact. The reason is the rest of the OECD uses a VAT/sales tax which is very regressive taxation. Wealth is not a zero-sum game. Steve Job didn't steal anything from anyone to acquire his wealth. The taxes he paid FAR outstripped the cost and value of government services he received. You seem to be assuming that all income is first the property of the state, that we are slaves, and that whatever we are allowed to keep is a gift from the state. 4. "Our standard of living falls when taxes aren’t paid." um... maybe... for some people, some of the time. Not necessarily for most people, most of the time. How does the funding of the military industrial complex increase our standard of living? Corporate bailouts? Massive farm subsidies to often wealthy farmers? Whether or not our taxes raise or lower our living standards is entirely dependent on whether the funds are deployed in ways that improve people's lives MORE than if they were left in the hands of public to use as we all see fit. If you take my money and waste it, you've not only made me poorer, you've made society in the aggregate poorer. Opportunity costs are one of the core concepts of economics. This is the heart of the question of socialist calculation and why central planning fails. No central planner can marshall the decentralized knowledge, nor do they have the incentive, to spend resources wisely. Even if they're selfless angels, they don't know what is needed, when and where, and in what amount. They lack the continual 24/7 feedback mechanism of competition, profit and loss, etc. Does that mean there should be no government at all? Not necessarily. But I would certainly argue that we are LONG PAST the amount of government spending that passes the cost/benefit test for its competence.

@@DadSavesAmericaPerfect summation.

These people, walking around with nonsense in their heads about economics, get to vote. Even children understand there is no such thing as free lunch.

​@DadSavesAmerica wow, I feel like I'm reading Friedman all over again. Very well put. Subscribed!

The fractional reserve banking system does have an effect on monetary policy that is complex. But it's not limitless. Despite what some people claim, banks cannot simply "create money". The broader money supply measures ARE ultimately constrained by the supply of "base money" controlled by the Federal Reserve.