Unprecedented Crisis: Domino Effect Of Defaults On Horizon | Nomi Prins 

Why are we still voting for politicians who do not want to stop government's borrowing?

David is the best interviewer by far.

I like how she explains the economic situation so comprehensively, very simply & down to earth.

Could you imagine if the US utilized the 200 billion for our domestic infrastructure rather than war efforts?

Based on David's hair, the market's outlook is light and breezy

Fellow audience members: you know you'll learn a lot when Dr. Prins is on!

There IS NO growth in the economy /GDP…. Our GDP is govt overspending. Thanx voter

The US government is chalking up a deficit of US$1T every 100 days, how long can this go on till it breaks?

Thank you 🙏🏼 I much appreciated how clear and straight forward she explained her views.

THE AMERICAN PEONs HAVE NO IDEA WHAT USA HAS IN-STORE FOR THEM.period

Bring it on. I want to see it at least once in my life time.

Thanks, Dave. Awesome, guess awesome interview. I love your hair, bro.

This is the same news I was listening to in 1972.

Great content

You don't find too many female analysts that are bearish. I like this, it's great to see

Great Hair David!😅

Love every time Nomi is interviewed

Interest rates are not high enough...period. Low interest rates got us where we are today

david . it’s tough out there , even for folks who are positioned a lil better . weather it’s 2 meals a day instead of 3 or no health insurance. we are all having to make sacrifices, next it’s sell my truck and get a motorcycle to cut down on car insurance , and a weekend job just to keep it above water . then it’s time to look at my apple iphone costs , maybe go flip phone

_Please give me more free money_ is the cry of a slave, not a free man.

The U.S. government “deficit spending” is increasing exponentially with every passing year, which means further currency debasement beyond comprehension or a system default - neither will be good for the working class!

The only inflation is monetary inflation. "Resource inflation" is not a thing. If people are paying more for resources than they will have less money to buy other things given a fixed money supply so other prices will fall.

She has phenomenal and impressive educational and work experience. Sort of like Daniele De Martino Boothe. I wonder how her latest book will do. I don’t know of any great calls she’s made but it’s been a long time since I’ve heard about her. Interesting to find her popping up on your channel. I think you should get her take when you can. She’s liable to have some important insight. Her asset allocations were right on.

NOMI PRINS ❤❤

Good guest, good interview

Keep the content coming!

We really need New playbooks for this new financial era.

Another great interview on the David Lin Report!

That's like a Zimbabwean economic model! Who needs USD when you are mainly lending to and borrowing from your good self ?

Great to see Celine Dion on the show.

appreciate dr prins relaxed way of explaining things.

Wow, intense info dump. Thx folks

People confuse natural supply demand changes in an item's price level with Monetary Inflation. On the surface it appears the same but it is not.

On point! 💪🏼

Well done David, great interview.

Brilliant interview!

David is such a natural.

The sequence is the west holds maneuvers on the border. The Eurasian state only then responds by announcing drills. Time line is important.

3:13: It all started "catching up to us" in 2021 when real world price increases started to accelerate to a much greater level than what we see reported in CPI. The consumer is weakening, bankruptcies have been up since 2022, Real GDP is softer than what's reported (GDP deflator is understated) and companies are reporting in-line earnings with weaker guidance. The economy is slowing, prices are up, we are in the soup.

Still plenty of liquidity Feds Reverse Repo = 486 billion, Treasury balance sheet = 851 billion, Total MM funds = 6.4 trillion. Also buy back window is open until June 14. Inflation coming down and BLM looks ok. S&P to 6500 by summer based on liquidity. Just watch the liquidity draw downs and the inverted 10 year to 3 month yield. Plus treasury can now buy back it's own distressed debt on the cheap as long as rates are at 5.3. Stay risk on until 6500 then the S&P drops like a stone 50% so you still have almost 40% upside. Also watch MM2. You have money on the table still...

Love Nomi

The guest is right.Consumers are buying with debt.But they will max out.Consumption will fall.

Great guest!

With respect, I find it difficult to agree that raising rates won't address inflation sooner or later. Sure, in global markets you take price and can have to import inflation over which you have no control. I suspect the relative short term impotence of interest rises in the US is due to the prevalence of fixed interest rate loans (housing but also elsewhere). So lag impacts reduce interest rate rise's short term ability to bring inflation to heal. But longer term, refinancing results in rises having an impact on demand, in turn inflation. Ultimately that demand reduction will also see less imported inflation as the quantum of imported goods (with elastic demand characteristics) decreases and those goods form a smaller proportion of the basket of goods from which inflation measurements are derived. Then again, I might have no clue. Great interview David either way. Cheers from Oz.

News flash. Rates are not high !

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Great

what is it with educated, seemingly smart, adults not being able to step back and realize that something is fundamentally broken with markets, and analyzing them from a technical perspective does not track, and has lost all predictive value? looking forward to that prudent rate cut in July. smh

She knows her topic

Davi boy

she is very articulate ! well deserved PHD degree .

Collapse by end June 2024 ?

Behind, she got "Bankers" two times. Up left and down right. Interesting.

Buy metal people

We in Asia Major, EurAsia (Slavic only) ASEAN & GlobalSouth just "VETO" metaphorically anythg from americans,5eye$,iapan, korea & europe this week including products, movie, artist, music and of course the DOOLAR...😠...only Privet, NiHao & Salam from Malaysia

Does she have two of the same books on the top left and bottom right, lol?

They will hike rates after election not lower

0:00: ⚠ Economic risks escalating due to high consumer and national debt, unprecedented Fed losses, and potential asset class distortions. 3:38: ⚠ Impact of Federal Reserve's decision to reduce debt holdings on investors and economy. 7:24: 💰 Financial systems facing challenges due to changing rules and uncontrollable supply chains. 10:31: 💰 Global financial system facing challenges due to new monetary policies and digitalization. 14:02: 💰 US debt remains high despite consistent USTreasury purchases. Dollar's economic power weakens, but geopolitical influence remains strong. 17:43: ⚠ Potential economic slowdown leading to multiple rate cuts amid rising inflation concerns. 21:39: ⚠ Global economic growth reliant on imports faces risks from geopolitical events impacting commodity supply chains. 25:22: ⚠ Heightened geopolitical tensions between Russia and the West due to provocative statements and military drills. 28:56: ⚖ Diversifying investments in precious metals, industrial metals, battery storage, and uranium for energy needs. Recapped using Tammy AI

😮

So rate cuts won’t fix things, nor holding rates or hiking rates. Either way, we’ll have to choose one and ride the lightening. Personally, I think rates aren’t currently high at all; more like historically normal. May as well just leave them be and let price discovery take its course.

YOUR NOT LISTENING DAVID. LOL😅 JUST KIDDING. AMAZING SHOW AS ALWAYS.

You can tell most of these comments don’t even watch the video before commenting. Gareth is generally bullish now… but he’s a trader so it’s all conditional

👌💯👍

This year is definitely going to be worse. Last year, I made terrible investing selections that cost me a large sum of money that I would not have lost if I hadn't been so concerned about my portfolio. I couldn't determine whether to start paying for a house or continue investing. I eventually sold my stocks, and the house turned out to be more of a fixer-upper than I had expected. I don't know how much longer I can do this.

Good example chocolate ie cocoa supply constraints affecting inflation and not under banker control

"What the fed has done with its rate policies..." NO, what congress has done with spending. They dug this hole now FIX IT!

In China, growth is an input. It is not an economic output.

Where is Gareth Soloway? Long time no see.

Deficits don't matter... to the borrower, but they definitely matter to the lender.

COME ON, US DIDN'T BREAK WHEN NORMAL INTEREST RATES ARE BETWEEN 7 AND 9%... US WILL REALIZE IT IS RESILIENT...

And just like a year ago when I listened to her…. It’s still crashing!😂 So why I’m I doing better when ever?

You need 6 earths to supply what is needed NOW ! So big fights start !

Embrace the shift

😅Suggest Israel to help with the Grand deficit in some ways!??😁😁

This is a channel with very deceptive descriptions. Good discussions. So what’s the point of lying?

Without a growing market, and loosening financial conditions, where's the growth? Fiscal spending from Biden administration comes in spurts and is fleeting.

Citadel is next

Excellent guest, spot on.

While the rest of the world get weakening currencies and deflation. Something the central bankers still don't think is possible.

so debt bad, Nuclear war bad, Yep i agree

She's pretty level headed

How about M2? Rates rates rates, supply chains…a bunch of bs.

Thank you, David for another awesome interview with Dr. Nomi Prins. I can listen to her all day long. God, intelligent women are so sexy!

Baby girl can talk!

Wish Prins be my mother so that I don’t need to learn all these understandable stuffs.

Kind of like the domino effect of doom videos on youtube?

To compete with centralized and renewable energy the process called cavitation would facilitate Hydrogen Dollar on Internet Computer Protocol over collateralized by 2,000% zero pollution fuel safely stored in any type of water, waste plastic or low quality oil.

Dollar value: What the Chinese/India/Russia and South america cannot track is the Power of the U.S. Dollar in the secondary or black market. Even during the Ukraine war young people were walking the destroyed streets and pointing out how the ruble was losing value against what? the U.S. Dollar minute by minute. If the ruble - as one- had more intrinsic value, they would not care, but they cared deeply. This is why if monetary policy changes in the U.S. it affects those countries more profoundly: U.S. inflation? its worse in those countries where the black or secondary market is supported by the U.S. dollar. Those countries cannot get away from the weakening of their currency that has happened by their own peoples choices as cash-in-hand over the past 60 years (post WWII). The only way it can be stopped or overhauled is through conflict or war and- U.S just dumped 95billion in Gaza? (flooding egypt/ and the 'Stans and most likely africa with U.S. dollars) and in the past 50billion to Ukraine? Russia will be hard pressed to overcome the devaluing power of the U.S. dollar with that injection. Its like finding canadian coins in your change in the U.S but imagine on a complete scale instead of a one-off. Argentina is trying on their own. and with the housing issues in China- where are they getting the money for their clamoring middle class? or will they choose a more communist approach? I would like to see it frankly and I am not being snarky, I just dont know what the communist approach would be.

They can always kick the can down the road and bail out whoever the want

up next.......another Minsky moment

mortgages to 11.8%

Bitcoin.... get some.... soon... 😊

Did you miss China’s new $140 bond initiative? This will push the dollar lower, making inflation worse. There will be no rate cuts this year Nomi.

Why so much Nomi lately?

David brilliant analysis and interesting interview straight to the point. Thank you Naomi. David this week BRICS+ are meeting 13-19 May 24. Any chance of analysis on what the current topics are and next meetings agenda ? Are any of the Sherpas giving any interviews ? Once again thank you both !

She could improve her presentation with a bit more eyebrow coloration. It would move her from a 7.8 to an 8.5. 😊

Inflation can be controlled. It is nonsense to say it cannot be controlled. Read some Milton Freidman.

Crash it #crashitgood

Money, that ubiquitous symbol of value, appears to promise equality and fairness. Yet, beneath its glossy facade lies a stark reality: it was never designed to level the playing field. Instead, it thrives on the illusion of equality while perpetuating disparity. Consider currencies, each with its own value fluctuating in the global market. Despite efforts to assign uniformity, disparities persist, rendering true parity elusive. In this grand monetary theater, everyone participates, from communist nations to terrorists, all bowing before the altar of wealth. We toil, we sweat, dedicating our lives to this deity called money. Yet, its blessings remain elusive, its favor arbitrary. Why? Because the game is rigged from the start. Money thrives on inequality, thriving in the chasms of disparity it creates. In this elaborate charade, individuals sacrifice their wellbeing, their sanity, for the fleeting promise of prosperity. Yet, the truth remains: money is a capricious god, bestowing its favors on a select few while leaving the masses yearning for more. So, as we navigate this labyrinth of economic inequality, let us not be fooled by the mirage of equality that money projects. Instead, let us strive for true equity, recognizing that the pursuit of wealth is but a hollow endeavor in a world where the deck is stacked against us from the start.

ignorance is, among other 'things', bliss.....