Tom, I've told you once before, and since I am not on your production staff currently, I'll pester you again. If you really want to get some serious "insightful insight" on WWII authentic untaught history, Silicone Valley, and everything Tech reach out to Stanford and Cal Berkley professor and author of 4 Steps to the Epiphany and co founder of The Lean Start Up, Steve Blank. Not just educational, but pretty entertaining. A very unique interview. Most of his interviews have been conducted by tech specific guys, but I am pretty confident the two of you can deliver 3+ hours of relevance for your channel and get yourself an interview for a few generations to embrace. He's on LinkedIn, but I'm sure your people can get a hold of him easier than I haven't been able to. Please Make This Happen. I think the two of you will have a great time edutaining the rest of us. Thanks
Ok I have no hate for the U.S.... but when this guy said the U.S defeated Germany before they joined the war I LOL. Tactically most Germans were killed by Russians....... I just want to be fair here.
Dear sir, I am a Bangladeshi student. Please help us. "Our media is more corrupted than yours, government is more corrupted we want Justice please save bangladeshi student. 🇧🇩🙏
well at least the rich achieved something in life before that person dies. his kids will probably inherit the fortunes and pass on to the next generation. cycle of life.
Thanks for continuing updates I'd rather trade the crypto market as it's more profitable. I make a good amount of money per week even though I barely trade myself.
You are so consistent with your videos! I very much appreciate your genuine content. It’s a testament to the character you represent. Aldona Sabaniene at being a great teacher and human being! I know that I have learned so much from you in the last few months. You helped me ask & answer a very important question..."What are your crypto convictions?" This question alone really has provided a healthy foundation to build off of. I've been in crypto for almost 4 years...and I have found so much value in your content. Thank You...
Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary.
This is exactly what Big time investors are talking about, not just you. key thing here is to always trades with a good strategy even if the price goes up or down.
Honestly You may never know the value of that €1 you have until you go bankrupt, the bad experience I had last year really made me feel that our school curricula should contain more financial knowledge and education. It is never enough to have a good job, a huge salary and all the luxuries at your disposal. But saving money and investing it wisely is never a bad idea,... I learned how to invest, no matter how little, but life really believed it show me the hard way. Thank you for the nice video its always interesting to watch your content
You're absolutely right, you've remind me of what someone once said "The mind is the man, the poor is in it and the rich is it too". This sentence is the secret of most successful investors. I once attended similar and ever since then been waxing strong financially, and i most tell you the truth..investment is the key that can secure your family future.
That's true, there is never any culture of wealth gathering or wealth creation to keep multiplying your finance that lacks an investment value Instead of saving money in the bank . This means, if you want to be successful you must be an investor.
I agree with you had a senior colleague at work who was doing well but never had an investment. Unfortunately he lost his job and went from living a comfortable life to hardship. There would had been something to fall back on if he had an investment
Everyone needs income as their tool, emergency fund as their security, investments as their hope, and budget as their control. Get those in place and you'll feel at peace with your financial picture.
that's why I always urge everyone to start investing somewhere now no matter how small, this is literally the time for that, forget material things, don't get tempted,i became more better the moment i realized this.
*Your explanations are clear and straight forward It's always a honor to have you here as a mentor, I appreciate you for the time being spent to educate us financially. Regardless of how bad it gets the economy, I still makeover $28K every single week. I truly value Laura, and her helpful guides.*
I know Laura, she has really set the standard for others to follow, we love her here in the UK as she has been really helpful and changed lots of lives.
@@carlacardoso702 I don’t understand your question…power itself is a tool which can itself be weaponized, think of abuse of power, military conquest etc, corruption is one way to weaponize power. Or are you referring to power tools? Yes they could be weaponized too…power sander to the back, for instance. I mean this quite literally; any tool can be weaponized. Be creative and you can imagine a way that it could, it will not always be weaponized, but any tool could be. This is not limited to conventional tools…any thing made by people to achieve a task to assist people could also be used to undermine or harm people. A water distribution system could be weaponized by using it to distribute toxins, think of Flint Michigan, and imagine if one did that on purpose. Literally anything that was made for a purpose can be used to a deviant purpose and achieve negative outcomes for people.
Problem with the world is there is a subset class of people who spends every waking hour plotting to extract anything of value by any and all means, if reincarnation is real I wonder what they were in a past life for they are the walking dead, and an entire life goes by totally amiss.
I stop watching after someone said American’s beat the nazi Germans. Open a history book and see if it weren’t for the Russians and just Americans most of Europe would be speaking German. Russian lost 27 million people during WWII. Let that sink in.
The Germans were defeated because ALLIES CAME TOGETHER WITH THE RUSSIANS . Germany attacked Russia first so they had to join us. Germans froze to death in Russia. Just like Ukraine is the front lines to democracy. It it fails Russia moves into other independent countries til it reaches America. NATO cannot allow dictators greed!
Argues about the right side, doesn’t consider the proliferation of nuclear weapons, the Cold War, Vietnam, Korea, Cambodia, Mao, Cuba, Venezuela, and so much more suffering. The key to history is understanding there is and was never a right side. There was and are people who want control and to have power over others. The harm they’re willing to put onto society to reach their vision is immeasurable over time. Are there good people in governments, yes. Are they in control of the Death Star, no. Good people don’t want power. The narrative this man has, is just that, a narrative. One where there’s a good guy out there with a world vision.
Good people don’t want power…Problem is those obsessed with power know that you get nowhere without the good people on your side and that the power hungry study good people more than they know themselves (Good people as a rule don’t reflect or demonstrate high levels of curiosity) and use their goodness to manipulate and dominate them.
Agreed. The moment he said "of course it's acceptable to lie to the people as a government" I realised he was crossing a line that takes him out of the "enlightened" bucket I thought I could place him in.
Tom, this gent is an economic novice. You should get Jeff Snider of Eurodollar University on your show. He is brilliant and can illuminate yourself and your audience to the plumbing of world finance more clearly than anyone you’ve interviewed to date.
Not even halfway through, but am on the edge of my seat listening to this dude say powerful people were justified in lying to Americans because they felt they were right… Exactly what the FBI is telling themselves with their treatment of Donald Trump. Good on Tom so far slowly letting him talk himself into this.
@@angelosenteio physically capturing land is significantly different than getting a population to your currency. Your use of the word fundamentally is beyond questionable.
It is interesting that the old testament called for a jubilee every 50 years. Debts were zeroed out and land ownership was restored and people started over again.
I know the concept from the Bible, and find it's quite interesting. But: Is there any historical evidence - outside the bible? Cant imagine that the ruling-class (whenever) would just accept that. Imagine that today. Right to be a Multi-Billionaire is more protected than free-speech, and other rights imho.
When I was a kid a large frostie cost 25 cents. Now that large frostie, from the same shop, costs $3.75. One of the features of money is supposed to be a "storehouse of value". If I had bought gold back then it would still have the same purchasing power. But the dollar doesn't.
How much did a computer with the processing power of an iPhone cost when you were a kid? ($100 million) And, did you and everyone you know have one in your pocket? (No.)
Remember billionaires decide how many potatoes chips to put in you chip bag while making their money over quantity they sell each person. That’s why you have trillionaires and middle class extinction. Do they want to be taxed? No that’s why they get felons in Congress & president
If we could print the amount of money to back our goods and services, then Gov would just print enough so everyone has luxury houses, luxury goods and no one would be in poverty, that just doesn't work... not sure how that argument holds.
Christianity was destroyed by greed. You have conservatives say they are Christians while having their mistress get an abortion while they push bills to keep other women from getting an abortion. You have wealthy billionaires that are gays but vote for conservatives republicans with hatred for gays but tax free on their wealth either benefits. So if you have a felon who cares shit just show him the money you live your hypocrite life but the poor have to follow his rules. No sleeping if your homeless or else you go to jail bill.
If they knew about the concentration camps in 1939 why were all the gees shocked when they actually liberated these concentration camps and didn't know what they were?
Germans kept it a secret with their propaganda media. Jews were lied to as they climbed the trains. Lies killed millions so having a known pathological liar is no small white lie! It’s dangerous
He seems to have a lot of historical knowledge, but he cannot draw obvious parallels to today’s context (or maybe wants to keep it PC for more Hollywood gigs)
@@ashfield1425sorry to disagree dictatorships is never rising up & having your head in the sand the rest of your life. Just ask Russians under Putin. They eat potatoes every day!
Graham, I heard you speak on this video and was amazed by your insights, and decided to read The Wealth of Shadows as a result. I absolutely loved the book - incredibly entertaining, and a great way to understand not only the past, but current and future trends in currency and international finance. I'm now starting on your other books too! Thank you.
Listening to Graham makes me appreciate Marx and his economic works, and what those who came after him built on that. Communism is coming closer and closer by the day, and looks like the US is going to show us what the USSR was unable to. My condolences to us, living on the brink of times of great quick change.
At around the 1:40-1:45 mark, the discussion rightly points out that any creation of currency should be matched by the creation of something of value. However, it misses a more critical point: currency manipulation steals from people's ability to choose how they apply their energies. For example, printing enough money to manufacture blankets for every person in America assumes that everyone values those blankets equally. This overlooks the fact that many people might have no desire for the blanket. Thus, on a societal level, it has been decided-through manipulation-that people's efforts will be directed toward producing something they didn't want, devaluing their productivity in the marketplace. Do blankets have value based on their utility? Yes. But that utility is not inherent to the blanket; it is inherent to the user. The core issue is that printing money is immoral because it steals from people's productivity. This theft does not occur if individuals decide for themselves how to allocate their efforts and resources.
“Of course it’s the right thing to lie to the American people to achieve your preferred economic and military ends.” -- tell me you don’t support democracy or representative government without telling me you don’t support representative government.
Thanks on explaining values - I sorta had the same idea but had no idea how to put words to it - nice to hear the words its like a puzzle being put together - HAA! nice interview learned a few things
Tom, I worked in digital communication protocol in the 1980s. The ability to stream RU-vid to your phone was developed then. AI started then, too. It just wasn't called AI. It has taken this long for AI to go from newborn to clumsy toddler. The difference is that the development is not necessarily linear.
Max Weber, a German sociologist, first defined the government monopoly on violence in his 1918 lecture Politics as a Vocation. Weber defined the state as a political institution that "successfully claims the monopoly of the legitimate use of physical force within a given territory".
The ones who strip off your rights without you knowing it! Two dog hoarder’s got arrested for having dogs in their homes. Local conservatives Maga make a rule how many dogs a household can have. No laws for how many guns you can have but they decide how many furry dog pets you can have in your own tax paying house. If you have more than the number they give you then you face jail. Just like women & doctors who seek abortions for medical reasons they face jail in Maga states. That’s stripping your pet rights by stupid laws. Before you know it Maga will tell you how many kids you can have like china.
1:43:04 In the case of Covid the theory is you were paying to save human hours worth of lives, hence the theoretical sad reality is that life hours are now the expense to compensate for the printing.
2:01:06 Thing of note here is that U.S. has made it such that an absurd level of countries share that debt because they transact in US Dollars. Germany was blighted because countries didn’t want to use their currency. The difference is substantial when faith dies vs when faith still exists. The proper comparison would be to see what % of the world used German dollars back then and extrapolate forward in USD. We have a theoretical substantial runway to continue to play with debt before we hit Germany levels of insolvency.
~76 countries are willing to operate with USD, so the theoretical runway of you extrapolate forward would be at the least ~76 Trillion of debt before it becomes a substantial issue.
The problem with Keynesian economics is that peoples economic output is not 0... So the constraining factor in creating stuff isn't the unit of measurement in which that stuff is being valued in, its the labor itself (peoples time). This is why Keynesian economics is and always will be a flawed system. All you're doing by printing money is introducing more ways for people to abuse and manipulate the system.
Hey, Tom? I've been wondering for years now. About 4-5 years ago I bought a 1956 Ford f-100 from a fine gentleman with the same exact name as you "Tom Bilyeu" and great resemblance as you out in Washington State near Prosser Washington close to Hanford area. Always wondered if he is your father. TIA 🙏
The original Stars Wars was a modernized of the David & Goliath story, where the good guy wins. Was this true of later films in the series?
27 дней назад
Money is a representative of purchasing power and serves the one who issues it to economically exploit those who use it. Ask yourself who issues the money and whose servants are we?
2:20:00 so weird to hear him talk about what the war must have felt like. You know everyone in the west who’s not in then US had grandads or great grandads who were in those wars….. we know.
1:41:00 Sounds dangerously like like MMT. Sound money is not debt. Sound money is the most common material available in a society where the following criteria are true: acceptability, durability, divisibility, portability, homogeneity, relative scarcity, non-counterfeit ability. Over time, the most easily identifiable and tradable good that has these attributes will become money. Take cigarettes in prison, for example. Another example is to measure the amount of energy and time required to make the money: 1 bead takes 1 hour to make, and an animal pelt take 5 hours to make, then 5 beads equals 1 pelt.
Graham fails in his understanding of the first principles of money and monetary systems. Money is not a fiction, and the idea that money is “whatever we believe it is” disregards the mechanics that precede the adoption of money by a society. “Money is an idea” is a poorly thought out trope heavily leaned upon by people that have a naive understanding of the question “what is money?”. Leaves on a tree can never be money, regardless of how strongly a society believes that they are money, for obvious reasons. Leaves are not scarce, they are not durable, they are not consistent, etc. His opinions are warped by these misunderstandings, as were Keynes', making them useless for anything beyond story telling.
Just have to comment on the AI talk. It has use cases TODAY. I know he mentioned it, but for coding, this thing is a game changer! And the argument of nothing novel can be done with it that we couldn't do before, could be argued against any technology. It's not only about that, it's how fast can you do it now vs. before. It's like a calculator, it's not that humans couldn't do mathematical operations, is the speed at which you can perform them now. Such is the typewriter, such is everything, and such is AI.
Tom has been talking too much with people against the status quo who tend to have vested interests in alternatives. Issuing more currency has been around for a very long time, companies can also dilute your shares by issuing more, but obviously something has been working since people are generally living pretty well in some countries. Focus too much on any frame of view and you can make it out to be bad. It was interesting seeing some defense for status quo for a change.
31:43 it would be easier to elect somebody who’s character we trust if more mechanisms were built-in to prevent conflicts of interest in foreign & domestic policy… because most of us live with the gnawing suspicion that the powers behind the curtain will eventually change our reps & leaders into what we sent them in there to change, or they’ll conserve what we sent them in there to change, depending on to which donors they need to extend reciprocity… which usually is not us rabble.
I had to comment about the super AI.. If a great book is always better than the film version. If a great film is better when leaving more to imagination.. ..If appreciation for art is the knowing a special individual produced it. What will a super AI be able to do that humans can’t already achieve? I don’t get the crazy excitement for something that is just a fake version of what man already does - perhaps the speed at which it can imitate is special. Great discussion 👍
What do you think about the Vice President candidate Vance's wife given that she and her family is from India (India is a BRIC member)? I am convened with a VP of the United States would be influenced greatly by his wife.
19:40 "..What i think we can say is inarguably the wrong side" Better keep thinking. Everything on earth is objective except this. This is the one thing you have to view as good vs. evil even amongst people who otherwise refuse to acknowledge good or evil. WW2 is a subject everyone insists you view through tearful, emotional eyes. Don't you dare look at the numbers.
