Very true, how do you control millions of people who have the freedom and liberty to find the truth? Easy, make them think they know the truth, and they wont look for it.
I worked in the Corporate Banking REO industry for 22yrs. Saw the writing on the wall, when REO took a vacation “moratorium”. I cashed out and left the US , will watch it implode from afar
Maintenance of a home a really big expensive. Even if you own a home, free and clear, you pay property tax for life, maintenance and repairs, and insurance. Where does that money Come from if a home only investment. Social security is not enough
Like I say. You own nothing. You are just renting it from the government. You work and pay taxes on the money you make. You buy a car, you pay taxes on that. To get it legal you pay taxes on that. Then you pay taxes on it every year after that. Goes for homes, businesses as well. USA is the only country that triple and quadruple taxes citizens. And you own nothing of value. Shame.
Does the country have the ability to tax? Did Eisenhower raise taxes to top rate of 90% to pay back WWII debt, we did paid it off! BE is flying because of American Green. Think about it!
Our present government/many citizens thinks taxing the wealthy especially the billionaires will take care of the debt. But the government is the problem with continued overspending and printing money. Taxing the 700 billionaires will not fix the problem. The government needs to stop blaming and finger pointing and fix it.
They will not do anything! The Government is doing the opposite from what it needs to do to fix this! YOU CANNOT FIX A PROBLEM WITH THE SAME MIND THAT CREATED IT!!!
@Starship007, Well said and also they need to stop getting our country into useless wars which it drains our tax dollars and loss of life and we need to go back and being energy independent which we are not at the moment.
Pete always has a great way to explain the real overall situation, which usually defies what all the news is saying. He also is saying what most people are feeling but don't know exactly the dynamics behind it . I especially liked the comments about politicians doing what is right, or what gets them reelected!
Hawaii is a good example what is ahead. Multigenerational homes, downsizing vs supersizing, less credit as too expensive, expensive energy costs as aging infrastructure, etc. Tsunami of excess after WW2 which is slowing down. More manufacturing is important USA for homeland security. We all need to step back and take a breath to see what painfully must be done. We can not keep pushing away long term consequences. AI is new tech to make America ahead of the competition but sell to other nations?
But, what do we do with the displaced workers? All this while all of our major cities are being converted into the third world, and simultaneously ignoring the exponential expansion of the homeless population throughout America! We are witnessing an intractable crisis that has been brewing in front of us for forty years! All while our supposed leadership is simply practicing the art of ignorant avoidance and plausible denial!
Him, AH, and many others. The Protocols of Zion is one of the most interesting reads out there. If it's truth, they just demonize and ban it. Ignorance is bliss for most people.
Or vote on the media, vote on the chairman of the federal reserves and I'm sure there's plenty of important people that are selected and don't have to win an election.
Yes, yes and yes. Also, the people who purchased for the payment did not factor in the maintenance costs of home ownership. Roofing anyone? Unreal. Windows anyone? How about that hot water tank? etc. Its out of control.
So sweet of you! Thank you! Fortunately, we have savings and can diy some of it to help bring down the costs but my heart goes out to home owners. Prices on everything are crazy!
This is why we had extreme punishments for treason (death)!! We see the politicians stealing government money, yet they get away with NO PUNISHMENT!!! This will lead to more and more Government corruption and theft. Until we get serious about holding politicians accountable, our country is doomed! I thought Trump was the answer, but his spending was crazy and he grew the Government to boot! To shrink the Government you have to fire Government employees!!!
Because they couldn’t print all the money needed. Short term , people excepted the money for labor and goods as the economy was at the moment. Later finding out that the extra money printed causes it to be worth less as more is printed. So they need to charge more. Peter is correct. Our government is the problem by over spending. Short and simple. If you yourself could print money, all of it you want, but someone else’s labor must pay it back, someone you don’t even know, how much would you continue to print. It’s plain and simple ……selfishness greed and lack of compassion. That’s our government.
I really like the concept of Bitcoin,I just don’t think the world recognizes it as a currency quite yet.Until it can be used in universal trade transactions it’s more for barter and speculation than currency transactions.
@@Cjohn31 yeah and the great thing about real estate, especially rental property is that it’s extremely stable and it never fluctuates. There’s no such thing as a down market to a real estate agent or a developer.
Inflation is just corporate greed. Look at corporate profits, and how high they are compared to any other point in history. Corporate greed equals inflation.
In the US the government doesn’t control the corporations. That’s why they can screw up prices, as they want. In Europe for example, the governments control corporations, the healthcare system, education system and infrastructure. That’s why in European countries the people get much more back from the taxes they pay and there is no out of control corporate greed.
Outstanding analogy of whatever the feds do raise or lower rates precious metals only and will go up and the dollar has nowhere to go and that’s down ! Was very profound simple state with facts and research to back that up ! Good work P.S !
I know the joke is that Peter predicted 10 out of the last two depressions/recessions. But, his fundamentals are absolutely sound. Looking at how the US Debt is structured, it can only collapse. Ron Paul was right all along and the public ridiculed him for pointing this out decades ago
Many rich people have tight cash flow as own too many houses that are difficult to sell. Lots of homes for sale in California as people moving to tax friendly states but difficult selling home previous state. West coast, New York, and Hawaii moving. High crime, homelessness, cost of living, insurance from climate change, etc., make people move.
Toll Bothers and others offering lower mortgage rates taking a hit. Same with car financing. Car lots with LOT ROT. All these $75,000-$100,000 trucks/suv’s no one can afford or 8 financing
On the other hand, they may not understand at all what you try so hard to tell them. Look what quality of Congressmen and women! No science knowledge, no common sense,either!
You can't eat gold. Buy food in cans and dry. Buy water filter system. Buy a solar generator. Stock up on hygiene products and cleaning products. You can barter with your neighbors who have gardens and fruit trees.
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
It's better in my personal opinion, property rights are the key to expanding the rest of our rights, self sufficiency, food sustainability, etc, you have power when you got land believe it or not
The BRICS nations have already started using their mBridge CBDC to trade without US dollars. I don't think they will abandon mBridge for Bitcoin or any other currency that they can't control.
Producing what? We have a trade deficit. That means our country buys more than it sells. We do not produce anything substantial in the US anymore. Production has been pushed out to other countries. Big problem for US.
The money we might see, are the Petro dollars, that were given back from the Brics nations, after this last influx of dollars its going to be insane, spend wisely.
I just recently went to Mexico, and the dollar wasn't worth anything, and usually I can buy more there than I can hear. and it was just as if I was in the States.
Good news for all those who are not leveraged and having zero debt. Small own house but 100% on cash. Limited cost of living on essentials. This minority is in much peace of mind. This is the right model for a peaceful life. At the end of the day, even if we live in a castle or own a jet or a small debt free house and simply lifestyle, both will go in the same size and type of grave. Those who have less in this world will have to answer fewer questions on day judgment as compared to all those who have more and more their needs and their neighbours were hungry.
So they've been crushing the prices for gold and silver. What will happen when all this starts to collapse? How can they continue to suppress the prices, and what are the chances of redeeming stacked metals when the dollar is worth nothing?
Good point and one the metal bugs can't really answer. When you need beans, cornbread and pay for gas, how do you convert your metals to tangible assets
@@forestritchie6430 Well, I guess we need to think further don the line, because if the dollar totally fails, nobody will want them for gas, and how will businesses convert their cash to electrical power, transport, and cooling for groceries? It's such a complete disruption, I find it difficult to conceive all the aspects of it.
The problem is the US system. The US should have changed and updated their system decades ago. There are so many civilized countries on this planet that are doing so much better and the people have a much higher quality of life. But the USA doesn’t want to evolve unfortunately.
They do know they just have there eyes on a plan not widely accepted by the rest of americans..if they told you upfront you wouldnt approve...so they wont tell you they want this current system to fail so they can ditch it with acceptance to embrace socialist systems... stop being naive!!
Ultimately all this will come to ahead as you stated but when? The world is complex. What if both wars stopped tomorrow as previous wars end in a draw after WW2. We could be hit by a meteorite tomorrow and the world will come together. Of course a WW3 would readjust everything but most countries realize we are a global economy. It’s all about electric years and short term gains, sadly. But as investors we must continue long term strategies
For some reason so many people trying to stress society People eat - marry - work - born - die etc Why economy should collapse? Ups and downs always been in everything, even in relationships! For some reason way to many people talking about gold and cash
@@innajohnson5166their combined economies surpassed G7 economies, coming years they be the fastest growing also. So the power alrdy shifted to the east from the west. List of countries willing to join will be very long, knowing foreign policy of US
Find this whole discussion very interesting. However, you've already published it a few times in different envelopes, plus it was on the TB show already. Please develop new content explaining how we get from where we're at to what this whole scenario. No one is able to predict timing, Some characteristics do provide leading indicators. That is all happening today although it's not super clear what those indicators are. Develop some podcasts around that. I'd love to listen!
Thats just crazy people keep spending money amd they say theres no money off course is alot money moving around stop been so negative you probably say this cause you own a home and have a lot money to spend
I don’t think Europe will end up like the US. The system in Europe is different. Governments control corporations, healthcare system, ect. So there is less corporate greed going on in Europe.
