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@@islandaerial3414the only reason they aren’t radioactive is because of a function of time. If those bombs would have been made 10 years later then those cities would indeed be inhabitable.
I'm so old that I remember Ronald Reagan sounding a clarion alarm back circa 1980, when the national debt was measured in a few hundred $billion. Now, we call that a "rounding error'"
The US economy is already in recession. Any rate cut will not ignite inflation. The banks will tighten even more, all consumer and corporate credit lending. This is the beginning of a deflationary period for your assets. Stocks markets will decline, and stock values disappear in a blink of the eye. Businesses will begin layoffs in earnest which will soon be reflected in the unemployment rate and unemployment claims, to further solidify the recession. In fact, when the FED cut rates in Sept, it will signify that the Titanic is going under, and it will suck everything down. Retail and housing sales will truly decline as consumer hold off their purchases. The inverted yield curve will then turn positive, but remember, certain assets like stocks and Crypto’s acts as a hedge. Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Sandy Barclays, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
If the market has taught me anything, it's that it always recovers, but I can't seem to focus on the long run, when major factors like my retirement and my reserve are wreaking havoc on inflation. I require a solid data trajectory and solution as soon as possible.
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Sandy insights. It's akin to finding a diamond in a coal mine.
What you are missing is that the foreign entities that match dollar assets with dollar liabilities don't care about how much purchasing power the dollar is losing, but their customers do. Customers will withdraw their depreciating dollar depots and selling dollars to buy their local currency, another foreign currency, or gold. So the foreign demand for dollars collapses, causing the exchange rate of the dollar to crash. You need to go back to the drawing white board.
"You need to go back to the drawing white board." Thanks for the suggestion Peter, I think I will. Next weeks video will be on why the dollar hasn't crashed, and why it won't crash unless the monetary system changes.
The dollar is crashing, just not at a rapid rate. Look at gold and silver. It's the canary. When bananas go bananas from 17 cents a few yrs back to 60 cents. ITS A CRASH.
I am sorry to hear that. I moved away from El Paso, TX over seventeen years ago. I lived there off and on for over ten years. I am glad I moved to middle America.
The politicians and government heads should be coming at work by pushbikes, not luxury cars, based on their performance. When US is printing a shitload of money out of thin air, all other countries who use the US dollar as reserve currency are losing money. It sucks for them and I understand the reason why they are looking for a change.
I heard the debt is so outrageous that earthquakes have started to be felt around the burial site for some of our Founding Fathers. Even the dead can't believe it. 😄
Talented, smart, wealthy, and achievement-oriented guys like George Gammon LEAVE the USA! And millions of other folks will do as well in due course. That's the biggest growing problem.
Tell you what if Commie Kammie gets the White House I see a mass exodus of US citizens in the middle class heading South. This is what you get when Justice system has been compromised by Leftist Commies!
Doesn’t matter when they are unemployed when they get free housing, they get thousands of tax payer dollars to spend, they get healthcare for free, etc…
All i can say is Praise God iv never lived in Debt. Own no man anything and never be a cosigner for no1. Live in your means. I dont even own a credit card. Im 46 and pay everything with cash.
That’s a little small minded. If you have self control, credit cards are a safer way to travel w/o lumps of cash, get free miles, cash back and a refund if you were cheated on some purchase. ;)
I am near the same age and always pay cash too. I pinch pennies at every turn. My grandpa always said 'better to go to bed hungry today and then to wake up in debt tomorrow'.
Bank & inflation risk: issue is that if the the inflation rate is higher than the yeild on loans they are also losing money. They still have to pay workers, costs for offices & infrastructure (ie electronic systems). Only Option for the banks is to increase loan rates so they stay above inflation, but that becsome very hard to do with long term loans, as inflation is likely to continue to increase & probably difficult to forecast. Without Fed backing or providing inflation insurance they will all go bust. On the flip side, Depositors are going to withdraw all of their deposits to avoid losses. Some will move capital overseas, others will by land\PM or other tangle assets. No deposits no more loans.
Not to nitpick, but one of the videos you reference when talking about drug use in Tucson was actually Philadelphia. I happened to notice the Septa rail sign. Likely because videos of rampant drug use in Philly are plentiful!!
George, love your content, have you considered doing more content on your lifestyle (Colombia, McLarens etc); and/or on your internationalisation? Would be super interesting!
Neither candidate is a fiscal conservative. They're both spend spend spend candidates. Trump wants to cut taxes and Harris wants more entitlement spending. Trump also wants huge tariffs which will increase inflation as well, so he's probably the worse choice but neither is even thinking of doing anything about this. Can either of them fix it? Only by giving up and hiring actual economists. I doubt Trump would do that, he doesn't like to hire anyone smarter than he is, but would Harris? I don't think anyone knows at this point.
Bond market is always wrong at inflection points. Notice how many times George says “Now assume I’m right…” Just like the bond market, George will be wrong at the inflection point. Debt crisis will materialize way sooner / easier than he thinks. He is right about economic distortions and cost of living crisis for nearly all Americans, and government being the problem. Just too much of a milkshake simp.
How do these zombie people on the streets afford the drugs they are on? I can't imagine some nice drug dealer is just giving this stuff away free of charge. How is that granular economy actually functioning? I get people steal and things like that but eventually it should break down and solve itself but it seems to be getting worse. Can anyone explain it?
Buy Gold and Silver while dollar is still strong. just look at how gold is doing in all other major currencies.. it moved a lot higher in last 10 years in comparison with how much it moved in USD.
As long as there is demand, there is no need for panic plus there are trillions of dollars worth of debts countries around the world owe to each other. These debts must be settled in USD
He doesn't spend any time talking about ways of getting off this merry-go-round. There is a way to do it. However, it requires a lot of self-reliance and utter rejection of receiving payments in fiat currencies. Which is complicated by laws that require us to settle debt with those fiat currencies and pay taxes with them.
!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks will be appreciated.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Kristine Lynn Weber, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $100k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic..
Without a doubt! Kristine Lynn Weber is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience..
3:30 So US debt is now 400% of what it was roughly 14/15 years ago. That means that by 2038, if nothing changes, it would be 144 Trillion dollars. But, we know things will change...
So.... tell me what you really think, You're scary but I've expected and predicted a lot of this though I didn't have the words like you do. Okay, nor the full concepts only images of it. The bandage was already ripped off but I can handle it knowing some of the things I can do to protect my measly assets/resources. Thanks.
"There is no debt crisis". This is because of this little thing called "relative value" Just make sure your quality of life (and health) is TRADITIONAL quality of life Old money values New money values don't equal quality of life (in terms of relative value)
George! Stop using the T word! Hello, it's 1000 Billion. Get your units of measure in order! Speak using jargon that the human brain can Comprehend. Convert everything into Billions. Thank You
