Economic Update: Yanis Varoufakis on the Changing World Economy 

for majority, the solution to their problem can be found in specialized knowledge, so can as well seek guidance from a well experienced advisor

Agreed, despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k, and I've so far made a fortune. I'm now buying real estates, gold and silver as advised by my FA.

@@PapiChulo-t1s truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

Sure you can! Jennifer Leigh Hickman is the NY-based advisor I work with. 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.

I find the lack of civility one of the most worrisome things. The simple consideration for those around us - seen and unseen. I absolutely take my hat off to those who work in any form of service role.. and whenever I can I let those who have looked after me or my family, know that I at least see another human being no different than me.. I keep saying it: We are all in this together.

People still smoke, even in non-smoking rooms. It's disgusting.

wow I thought everyone always tipped. my parents would tip $1 and we would add some change, after we thought about how messy it was. I also know several people who clean and tidy everything because they would somehow be embarrassed knowing they maid would see anything less.

​@@alandoane9168 wtf, you can just smoke outside, and you get charged extra! They only thing that makes sense to me about these stories is drugs. They're the only people I know who would do that.

me too....When I leave my hotel room I want that room to look like human left not animal

Bascically, that's the same thing. The left is pro-working class, the right is pro-ruling class. See how that works?

There are literally no good people on the right and no people on the right, by definition, are for the 99%. Believing any are is pure brainrot.

The correct way to interpret left and right has always been by economic class interest. Culture war and “values” politics is a divisive and confusing camiflage created by the rich-right-ruling class to create the illusion there’s other, “social” interests that define a nations politics, rather than the correct way to look upon it … all cultural ideology flows from the economic relations of the capitalist rich and laboring have-nots.

tax laws always progressed to reducing taxes for the rich.

All the major problems in the world are caused by (a)the corrupt, wealthy-class knaves & their corrupt RW-politics, and by (b)the indecent, ignorant, working-class dupes who support the corrupt, wealthy-class knaves & their corrupt RW-politics.

You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.

That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've builta six-figure diversified stock portfolio. Now, I aim to diversify even more this year.

Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 10Ok to test the waters now that large cap stocks are at a discount

I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Martha Ann Hammerton, has been an amazing experience.

Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.

Just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying it's ripe enough, but Is this a good time to buy stocks? How long until a full recovery How are other people in the same market raking in over $450k gains within months, I'm really just confused at this point.

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience

Heard someone mention a couple making around $120,000 during the recent Bitcoin pump. How're they doing it?

I read on CNBC about someone who is netting $20k a month himself from just his tradings in the market, which is from capital he had amassed long ago. That is incredible. How do people do that?

As an Investing enthusiast, l 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 or do I wait for another opportunity?.

Varoufakis often emphasizes the increasing complexity of the global economy, and how the intersection of politics and finance is more influential than ever. He is particularly insightful on issues like the instability caused by global debt, income inequality, and the impact of technology on jobs

Yeah, If you're someone concerned about long-term economic trends, his analysis might validate concerns about inflation, economic bubbles, and geopolitical risks. His take on how central banks and governments interact can be very informative for understanding global market movements.

On the flip side, Varoufakis's perspective can sometimes be seen as quite radical, especially when he critiques capitalism and promotes ideas like the democratization of finance. for investors who believe in traditional economic models, his ideas may come across as too pessimistic or overly theoretical

some of his critiques may lead people to question the entire economic system, which can foster uncertainty and a lack of confidence in traditional investments. He also tends to focus heavily on risks, which can make his outlook seem overly negative or even alarmist to some

That’s interesting! How does this kind of economic analysis impact investment decisions? Could an advisor help in navigating these kinds of concerns?

I also thought of Hudson. Please have him back to discuss the way our problems were treated differently in ancient history. That would be fascinating to see the contrast of systems.

Also all learn from each other and beware of sly characters who try to slip wedges among you.

Ehhh I don’t like Ben Norton. He often praises Libya and Gaddafi because they are anti America.

You think that's something. Wait till you see how bad it gets.

It sure does feel like that. European ruling class is consistently picking worst possible choices they could

@@TacticalMayo I dread to see how bad It gets. Last time it was pretty bad and nukes were flying at the end. Now we got to the point where they may fly at the beginning. With that + drones + climate + military ai + ...

@@juliahenriques210 this is going to be worse than all of that. This is going to be something like never seen before and never to be seen again.

​​@@juliahenriques210 the internet of bodies, where they can dial up anything in your body, the w. ar is on us.

what ? he didnt say anything real. its no different than saying someone dislikes you because of skin color, react react react ! no no . hes not giving you answers ,hes playing people for fools.

@@TheShepherdsChapelChannel OK, is there something realistic and uplifting that you think he should have said? Or anything. To me he sounds realistically pessimistic. Today.

@@TheShepherdsChapelChannel A throwaway account with no profile pic or even a single public playlist. Why should anyone trust anything you say? Not saying I'm particularly trust-worthy, but at least I'm not hiding behind anonymity. For all we know, you could be a bot or someone is simply paying you to be obstinate. How do we know that you're real?

@DLeo14 So you’re a real cat that wears glasses?

Not about immigration, which is why he’s going nowhere.

Yanis also have a PhD (Doctoral Degree in Economics)

Yanks will get nowhere as long as he continues to support massive immigration.

Financial consultants can help by recommending investments that outpace inflation, such as real estate or certain stocks. A client of mine followed this strategy and saw their savings grow by 15_% in just two years, effectively countering inflation.

That makes sense. Unlike us, you seem to have the market figured out. Who is your fiduciary?

I usually go with registered representative; Zachery M Demers, He provides a more grounded approach, looking at factors like market demand, regulatory changes, and adoption trends. This approach enable to make informed decisions rather than solely relying on emotional market dynamics

he often interacts on Telegrams

@Zachfinance

*altar

you have no idea man, he is all talk. Have you ever heard of a successful debt negotiation that starts off by the debtor acknowledging the debt by continuing to pay it? Well that is what the great Yannis did as a finance minister, first he accumulated all the cash reserves of the Greek state, to continuing paying off a IMMORAL and FAKE debt, while he was pretending to negotiate about it. The result of this "negotiation" was the third and worst package of measures for the Greeks, by privetising everything public in Greece which of course was passed for close to nothing to the local and foreign OLIGARCHS he is so flamboyant about.. At the same time HIM and HIS GOVERNMENT enforced what was then called "capital controls" on our banks, what actually was a looong banking holiday to prevent access to the greek people to their money, while in the same time hundreds of billions were leaving the same banking system somehow mysteriously, by the local "big players" and going abroad . This was actually a psy-op against the greek people voting NO to the oncoming referendum about new austerity and privatisation measures accompanied with more loans... And of course when the Greek people didnt succumb and said NO with OVER 62%, the whole banker puppet political system of Greece proceeded to a political coup, by crapping on our Constitution and FORCING the opposite of what they vote to the people. The guy is a total fake and a system puppet, the more sb screams out his political identity like yianis does (marxist, progressive, leftis, blah, blah), its actually because he is trying to convince himself, simple basic psychology....

@@77vavavoom He quit the Sirza Gov in protest when it ignored its own referendum.

@@Surbatron yes, he is a very good performer that's true. So we are supposed to forget all the setup he was part of, just because of a resignation. No man, one day he will be tried for TREASON. Actually and to be fair, ALL political parties that have been governing since the first memorandum in 2010, must sit on a trial for treason , according to the Greek Constitution, AND Greek Criminal Law, and whole ld be sentenced accordingly. That's what none of these puppets ever dared to bring the matter of legitimacy of memorandums and the greek debt to criminal courts in Greece , and have been vigorously blocking such attempts by other non parliamentary parties and individuals. Thats why all of them have agreed to bypass the greek judiciary system when it comes to the legitimacy of the debt, and have unlawfully signed all debt claims to be processed by British Law which of course is always in favor of the creditor, as no sovereign state rules apply there. Hundreds of such lawsuits have been put on hold by the corrupt judiciary system who's heads are appointment by the corrupt governments. I know this all sounds "wow" to anyone that hasn't really understood or is misinformed of what happened in Greece, but most Greeks know buy now, if not with such details. And the time will come that these people will pay for giving out their country to the internationalist bankers, and genociding their people through impoverishment...

Don't forget professor Jeffrey Sachs...

Too bad he doesn't know what the classes are.

@@jgalt308 Could you elaborate a bit on your comment? I will express my point of view in the hope that you will therefore clarify the comment. I have long believed that the existence of class concepts is something that prevents solving problems. I do not know, at the same time, whether these concepts were introduced by mistake or maliciously.

​@@milanperisic2885 I guess the understanding is dependent on how far back in history you go and to what extent you can see the development of dominant hierarchies and the evolution of the structures that support them or compete with them. If we lay Ravi Batra's development cycles on top of this...1.) agriculture 2.) military 3.) mystics, and 4. ) acquisition combined with Graeber's and Hudson's explanations about the instability of the earliest credit-based systems of centralized populations, whose survival was entirely dependent on harvests good or bad, and the debt forgiveness that was required for those engaged in food production, or the risk of losing control by those who were at the top of the hierarchy, as these centralized populations were essentially isolated, then one can see the effects of "the ruling class" wanting to eliminate this "instability" by acquiring the needed resources by other means. ( hence the rise of "empires" beginning with the Assyrians circa 900 BCE to 600 BCE. ) Batra pinpoints the end of the first cycle...in Western European culture with the fall of Rome...although this is still "agriculturally" dependent...and the "wealth acquisition" by individuals is still directly tied to the competition for the "control" of the "government"...so while there are various "support structures" on which the controlling factions are dependent...and they have been expanded, this is still essentially a two-class system...the ruling class and those ruled by it. (One could easily substitute Management for "ruling" and Working, as well as any subordinate support hierarchies in the ruled class. ) The advent of "industrial capitalism" alters this structure by allowing the acquisition of wealth utterly independent of government...although still subject to the FORCE that can be brought to bear against it and the fact that the "financial class" ( rentier ) managed to achieve separation from "government" ( central banks ) that were enticed and now forced to act in collusion with it. (Although still retaining the element of FORCE, and since both are essentially non-productive yet mutually dependent, the continued expansion of both must trigger an eventual collapse at some point. ) This is still a ruling and ruled class system, although the stratification of the "ruled" or "working class" is now based on "income,"...which serves as a convenient distraction to mask the reality, as the "decline" acts as a leveler, as more and more people find themselves "distressed" as it catches up with them. This distraction has led to innumerable factions with specific grievances as being responsible for their fate inadvertently serving the interests of the "status quo" while minimizing the costs of maintaining it so its continuation, regardless of intent, is NOT the solution. The conversation that needs to be had is about determining what is, in fact, productive and what is not, and it is not one that most are ready for. When the idea of "entitlement" is considered, although no one can identify its source or who will be its provider, it seems improbable that this will happen any time soon. .

@@milanperisic2885 opps, it appears that the detailed response will not be allowed to appear as a single post...so I shall attempt the "twitter trickle method"...my apologies.

@@milanperisic2885 I guess the understanding is dependent on how far back in history you go and to what extent you can see the development of dominant hierarchies and the evolution of the structures that support them or compete with them.

So many heroes, so little intelligence!

tell that to the greek people that he fucked up on the process. Take out the fancy persona he is dragging around, and find out what he actually did or hasnt done while in office, berore, and after that, and your world may shutter.

@@77vavavoom ok AIPAC

@@hanihani8612 huh? Wtf r u talking about?

I disagree about the advance in S.America. All of the Chavistas have been deposed. Lula has been completely turned to Yankee. Milei in Argentina is solidly pro-US/Ukraine/Israel. The only outlier is El Salvador who is having some success in stabilizing itself apart from the US Lets see how BRICS moves on with Cuba, Venezuela and Nicaragua.

China has 800 million people out of work and if you think Cuba is doing good then you are only working with .05 brain cells

There ain't never going to be a longer version...the "profits" from Wolff's massive book sales are insufficient to "finance" such luxury.

@@jgalt308 We can always hope that it happens. Who knows.

oh yes..I.can't miss this one!

Wow, that free victim B.S. really sells, don't it?

More & more decent working-class people are starting to comprehend the truth. All the problems in the world are cause by (a)the indecent, corrupt, wealthy-class knaves & their indecent, corrupt, RW-politics, and by (b)the indecent, ignorant, working-class dupes who support the corrupt wealthy-class & their corrupt RW-politics.

I am a registered Libertarian. that said, I agree that the dude makes some great points and well worth the listen.

Then u don’t get what they r bec they r the most stable and better overall for a nation and its labor force.

Why are you not aligned with them? I'm not attacking you. Just curious about your thought train and values?

Aw, isn't that nice! I find Rodney King and Kermit the Frog equally compelling, and one doesn't have to waste any more time on them.

@@murraykilpatrick3029 No quick answer to your question. Values change over time but even in youth I was never an idealist, and I view society as an abstraction of lower value than the individual. At 73 years of age I lived through the main period of communist government and it was always stagnant and corrupt. Socialism always ends up with incompetent people running the show and a de facto class system where the Party is the new and unaccountable Upper Class. I now live in socialist South Africa and nothing is any different. The country has not been developed in any way since they took over, they simply run the existing infrastructure into the ground. The electricity grid is subject to demand reduction since they will not expand the infrastructuepre, and water supply will be the next to collapse. The ministers involved are totally unqualified and the civil service has been replaced with similarly unqualified stooges from the same party. So I suppose my answer is that I have seen socialism always fail and it sacrifices the individual to someone else# idea of what is good for society. I appreciate quality minds. Wolf is a mine of information and is systematic in putting it together, our Greek friend is really sharp if not always totally honest with some of the facts. He has an agenda to push more strenuously than Wolf, who is more subtle. I hope that gives you some idea wher I am coming from. In some ways I suppose I could be described as libertarian. Cheers.

Wow that's huge, how do you make that much monthly?

I'm 37 and have been looking for ways to be successful, please how??

Thanks to my co-worker (Joe) who suggested Ms Sallie Herzog Behnke.

She's a licensed broker in the states 🇺🇸

After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸 🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.

Smart 🐐 goats .

​@@brianlowe3529 I'm not sure if you know the acronym: it's a reference to G.O.A.T. (Greatest Of All Time). Smart goats is funny though! Hehe

As a beginner, it's essential for you to have a mentor to keep you accountable. I suggest Miss Donna Patricia Hester is extremely good on that. She is really good on what she does, Now I can pay so many bills because of her help.

This is correct, Donna's strategy has normalized winning trades for me also, and it's a huge milestone for me looking back to how it all started..

Yes, I agree with you. Her platform is wonderful, and her strategies are exceptional

The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional

Please educate me. I've come across this name before. Now I am interested. How can I reach her?

why'd they reach for their number one spot? Now everyone has to deal with what comes with that.

the 1 minute 59 sec video ''George Carlin - The Real Owners of This Country'' by DocumentaryArchive

Chan nel dialogue works features a Wolff/Hudson hourlong session every couple of weeks. Awesome stuff!

@@user-ps2nn5pj4g I know, I listen to each and every one of them haha!

Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions.

Having an investment advisor is currently the best way to approach the stock market. I was going alone, but it wasn't working. I've been working with an advisor for a while now, and last year, I achieved over 85% capital growth minus dividends

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

Finding financial advisors like Melissa Terri Swayne 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.

I just checked her out on google and I have sent her an email. I hope she gets back to me soon.

There’s always a problem of N=1. Most capitalists will refuse to adopt a new paradigm just because 1 (or only a few) example of success. Especially if they’re making bank on the old paradigm!

She's often interacts on Telegrams, using the user-name.

@Lindawilburn

In a field as rapidly evolving as cryptocurrency, staying updated is crucial. Linda’s continual research and adaptation to the latest market changes have been instrumental in helping me make informed decisions.

Nice, I was just hodling before I found Wilburn. In my opinion she is the very best out there.

The same high-yield potential exists in both bullish and bearish situations; what matters is how information and technique are used. Not neglecting professional advice.

I feel sympathy for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Sir Brian! Imagine I invested $50,000 and received $190,500 after 14 days

Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.

Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.

Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things

Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

Lol, indeed 🤣

Michael Hudson would be a good addition as well.

Paul Krugman? He is just a joke now! Paul had thrown basic economic sense into the garbage dump when arguing for the Democrats, not matter how senseless economic decisions that the Democrats had made! Paul Krugman is now an American politician and not an economist.

I don't know about J. R. Saul, but Krugman is out of place in this company. I've heard him described as a "human face of neoclassical economics". Still neoclassical. Wolff doesn't agree with him at all.

@@Hexanitrobenzene John Ralston is a Socratic philosopher and two-time head of PEN International and says Western Economics is insane. He is the UnKrugman and Marx is an anathema to Saul's anti-European paradigm . Saul studied European Economic history at Oxford as graduate studies. He is a worthy challenger to Varoufakis and Wolff and Krugman could only moderate because of his limited American understandings. I have great respect for Krugman and greater respecter respect for Varoufakis but John Ralston Saul is still a prophet.

Abomination

I respect Varoufakis, but he is misrepresenting the German Social Democrat Party. The German Socialist system always placed a premium on monetary rules. Price adjustment was achieved through collective bargaining. When they were talking about competitive wages, that meant nominal wages v.v China from which German industry was increasingly facing intense competition. But it wanted higher real wages for its employees. A strong DM was important for this system which had to import essential non-substitutable goods. For this reason strict monetary policy rules were followed. But German workers did well through the collective bargaining system. The Germans did not want another credit bubble in Europe that was created through monetary policy that targetted aggregate liquidity through an interest rate. It wanted the German system to apply to Europe in general. So even calling it austerity is misleading. It is not an Anglo-Saxon system which does not have the firm-union based collective bargaining system where monetary policy is used instead.

For capitalism and democracy......actually, for elite.

Looking for super yacht mooring