Good chat. I appreciated your perspectives on politics, finances and “conspiracies” even though they aren’t really conspiracies. Jesse is the Ecuadorean Joe Rogan 💪🏽 hope to see more of these
The frustration the gentlemen from NJ vents....I've been there, for sure. But, he takes Jesse's point, you get the good and the bad. Rural Maine was attractive to so many in the North East USA for its life style, its simple country ways, so attractive they came and ruined it. Jesse knows what a "NY minute" is. Mainers suggest that be stretched out to 15 minutes. That busy minute needs to be a couple of hours down here. Better roads on piles of volcanic ash are very expensive to build and maintain. They do well here on the money available. Ecuador is a window in time and space for those leaving the maze seeking a peaceful life. Imagine a place where quality, fresh food is cheap and processed industrial caca sludge is expensive. Thats the reality on my gas range right now. Leeks, garlic, papas, peppers all sauteed in butter. The sacred valley framed in the kitchen window, Mandango standing above all. Thank you Ecuador.
Gold does not work as an inflation hedge. It works as a currency hedge. The dollar is up in recent years. One should not expect gold to have good returns as a result. This is pretty basic stuff...
If we look at the data objectively, there are time periods where gold has not acted as a good hedge against inflation or currency devaluation. That said, gold has displayed the potential to serve as both an inflation hedge and a currency hedge throughout the years (although its effectiveness has clearly varied). At the end of the day, gold’s performance is not always positively correlated with inflation rates or currency devaluation.
The academic research on the topic suggests it might take a century or more for gold to properly hedge inflation. Since it's a commodity it has to eventually. But it can take a while. The papers that look at providing a currency hedge have found a much lower time horizon; the volatility of the currency just needs to be sufficiently higher than the volatility of gold. If you look at the more extreme cases (such as Argentina or Turkey) you'll see this in the data. Although it's arguably irrelevant; by the time currency volatility greatly outstrips gold volatility nearly anything not directly backed by that currency serves as a hedge. Or stated another way, as a commodity gold needs to track inflation in the very long run. Garden variety inflation seldom hits the volatility required for gold to serve as a hedge in the short to medium term. Currency crises, however, will often hit the volatility requirements.
Sure, of course! Historically gold has acted like a long-term safety net against rising prices over a longer time horizon. As you stated, it's the quick movements in currency valuations where gold has historically exhibited attributes as a “protector”. And of course there are other options for that as well, including certain types of real estate not connected to the debt markets of west and certain cryptocurrencies. What do you do for a living? Really appreciate you sharing your perspective and insight. 🙏
Hey guys bitcoin in Crypto how does Ecuador look at Crypto or foreigners text on Crypto or anybody in Ecuador? Are they text on Crypto? Let me know because Europe is getting crazy with Crypto they just passed the law stating we can’t even have Crypto on the ledger, it needs to be basically on an exchange, so let me know how Ecuador is with Crypto and what are there Thoughts on it as a country 24:13 24:18
Interesting how you mentioned old President and not the old guy looking to become a dictator. Open your eyes brother. Your thoughts on Ecuador are sound.
There are parts of the country that are dealing with gangs/cartels. Our region of southern Ecuador hasn’t been materially impacted as of yet. Wild times in the world right now! ❤️ 🙏
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@@AbundantLivingEcuadorIt is personally sad for me as I was planning g to retire to Ecuador. I have had a lot of experience in Peru working and living.
Why is a pro coup Jan 6 guy talking about the US is a banana republic? A anti immigration guy talking about immigration in another country. Quit frightening
@@AbundantLivingEcuador scared 4 Ecuador. Now i live in LATAM. I travelled & lived in more dangerous areas than where ur at... anti-democracy + blantant lies + severe hypocrisy coupled w obvious propaganda covering lies. US crime rate is returning to pre pandemic levels... aka very low. Red cities tend to have higher mortality than blue. Red states mooch off blue. If he can t do basic statistics then why would anyone trust him w their $. He supports a vowed dictator. Civilly convicted of r@p3 ... inserrectionalist. Like i said... frightening immoral and dumb. Its a positive that guy can tie his shoes
Ecuador isn’t for everyone that’s for sure! We can agree to disagree. Not that we agree with every word, he said either. The false dichotomy of two party politics in the west has really done a number on people who identify with “a side”. Where in Latin America do you live? Why did you leave the US?
@@AbundantLivingEcuador i have a few friends in Ecuador. Right now, in Guatemala. If u go to red zones in the city its worse than Ecuador. US growing inequality, lack of affordable housing, and the subsequent political violence isn t to my liking... not interested in going after fellow Americans and villifying them to make billionaires pay 0 taxes. Plus i like to explore. So i learned the language... i m in the process of setting myself up to be a permanent digital nomad.
@@500skubes No Presidential election will be held in November is a right wing conspiracy theory. So is the U.S. economy is going to collapse any day now. If the U.S economy collapsed the world economy would collapse and Ecuador would be one of the worst effected countries since it uses the dollar.
