Which parts? Housing is at all time highs and there is no sign of that falling since the demand clearly outstrips supply. It's a policy mess but one that the government seems quite happy about since immigration fuelled demand is a main driver, but it's a driver for education and related growth.
1 country has almost no debt. Russia. Government net debt 0. Banks, companies and individuals very low debt. Over supply of food, energy and all raw materials. Excellent defence against missiles, aircraft etc (S 800). Shitloads of nuclear weapons. Lots of gold and producing and buying gold all the time. Imports only 10% of GDP and exports of 30%. Political stability with a leader who's supported by 80% since 20 years. Stock market under valued. Small corporate bond market.
Egon is absolutely correct. You need to have enough wealth to overcome the social nets that will evaporate . Hand somebody a paper napkin and say buy me a sandwich. They would think your nuts . That's what Fiat currency is. Worthless !
you can tell this is dated yeah. we now have inflation and wiggle room for the banks to lower rates in the future. All it took was a pandemic with everybody locked down, goods consumed but not replaced and ports closed with supply chains disrupted. Same sort of results after a war. he mentions Germany, Denmark Switzerland at neg rates. Deflation. Now it's ubejistan, Nuia, Fiji etc having deflation. wow, it's almost as it was planned.
Pre-dating the covid pandemic by one full month, this is the most accurate, honest, and sobering explanation I have ever heard concerning current global events. A "must watch" for every American.
If only an elite has stocks of gold, in a totally disintegrating environment do you really think that is going to buy them quality of life and security?
Its going to be worse. Famine coming. Massive crop failures due to change of environment. Throw an economic collapse onto this and we have horrors beyond imagination. At least there is still a little time to prepare.
Man you guys are desperate to see yourself as martyrs or fighting the system or whatever... there is zero reason a financial talk would be removed from RU-vid... keep fighting the power man! The system is out to get you!!!
usa central bankers are looking at to get paid for their lending when they call due the asset 4 trillion in debt..….. you think they are expecting to get paid by usa gold holdings?
Since Covid and Climate Issues, how can ANY immigrants earn their way in a new (to them) society? This is not the era that is growing, and can, therefore, accommodate new laborers, etc. There are few employment opportunities.
The system seems to have returned to a Consols basis of Goverment debt, which could be consolidated by fiat: declaring the debt to be in perpetuity paying a coupon rate of, say, some rate representative of current ‘market’ rates. As long as some poor countries (I mean unfortunate) need dollars, they must pay in some sort of specie. Such consols will trade, until the dollar becomes dispensable.
Question: How can property markets (and others) go down while banks keep printing money? Doesn't the inflation push the prices even further up? I want to buy my first house (in The Netherlands), don't know what to do :)
In absolute numbers the price will increase in a hyperinflation, but will go down relative to gold. If you have a property market that is overvalued there will be a huge correction on top of this.
No wonder the leaders of Israel are trying to hurry up Netanyahu to make the Messiah come quicker. But we say Come Lord Jesus Christ from whence you rose 🌹. Oh WALLSTREET WHAT HAVE YOU DONE ????
inflation assurance réel : global economic bubble in history....
4 года назад
Who's here after the DJIA just crashed 2000 pts? Egon, you legend.....he called this event years ago.......mocked, ridiculed, laughed at.....well guess who is laughing now bitches!
immigrants dont pay for themselves? they not only pay for themselves but they pay for you to be able to to eat cheap produce. everytime you have fresh or frozen fish thank an immigrant. look on top of a roof being repaired see whos running up and down that roof with shingles on his back, and ill be you have an immigfant domestic worker in your home or garden
Listen to what he said - it's a problem when immigrants don't pay for themselves. He didn't say that immigrants generally fall into that category (and it's clear he thinks there exists good immigration in which the immigrants do pay for themselves)
Dow down 5000 year to date,gas is $6 gallon,food prices up 33% and home prices are a bubble as a 1 million dollar home today cost 25.000 in 1970 for the same house ,and with a 30 year mortgage it costs 2 million to pay off in normal times,if you think it's normal. 😎
