Tired of the "recession is coming!" threat. Recessive periods come along with equivalent market opportunities if you are well informed and equipped, I've seen folks amass wealth in the midst of economic turmoil and even pull it off easily in favorable conditions. Invariably, the collapse is getting somebody somewhere rich
There are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
A lot of folks downplay the role of advisors until being burned by their own emotions. Early last year after my lengthy divorce I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenback. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...
They do say gold will crash in a liquidity crunch However, many of those holding precious metals are preparing for such an event. So they are unlikely to be forced sellers. The paper market would tank and hopefully collapse.
Hearing from an experienced investor who has survived adversity and prevailed is always motivating. It may be frightening when your portfolio goes from green to red, but if you have invested in strong firms, you should maintain growing them and stick to your goal.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
The disastrous decision to repeal the Glass-Steagall Act in the late 1990s led to the spectacular failure of huge banks during the financial crisis of 2007-2008. To prevent a future catastrophe, Dodd-Frank and this Act both need to be revived right away. What happened with SVB is just the start of what will happen if nothing is done to address the current problem.
I think SVB was attempting to restructure their bond holdings. Yes, they would lose money if they sold their low-yield bonds. However, they were attempting to make up for it by repurchasing bonds on the open market at the higher interest rate.
The SVB scenario warns that the effects of the Fed's rate hikes are still being felt, despite the economy's so far successful resilience. Investors need to be cautious about the upcoming inevitable in situations like these. I'll suggest hiring a financial advisor because you don't have to act on every forecast. For a time, I've been using this as my backup strategy.
Would you please let me know how I might use their service to get in touch with this particular advisor? You seem to know everything, unlike the rest of us.
Vivian Jean Wilhelm a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Agree. Absolutely disgusting. I hear blah blah blah blah. The government paid off the rich, ignored those who were injured, and the bankers and politicians and pos should go straight to prision. Another case of the elite paying off the elite and leaving them in their positions to continue their criminal actions. Warren Buffet knows tbis and yet states a "good job" that tbe government didnt wait for facts and the information to come in to pour money into these criminals accounts for a near coapse of tbis country. SHAME ON YOU WARREN BUFFET.
Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.
I think SVB was attempting to restructure their bond holdings. Yes, they would lose money if they sold their low-yield bonds. However, they were attempting to make up for it by repurchasing bonds on the open market at the higher interest rate.
The SVB scenario warns that the effects of the Fed's rate hikes are still being felt, despite the economy's so far successful resilience. Investors need to be cautious about the upcoming inevitable in situations like these. I'll suggest hiring a financial advisor because you don't have to act on every forecast. For a time, I've been using this as my backup strategy.
Would you please let me know how I might use their service to get in touch with this particular advisor? You seem to know everything, unlike the rest of us.
Rachel Sarah Parrish a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Monica Shawn Marti is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
It's simple actually. Common people, lenders, and the government all missed that the housing market was way overvalued. People like Buffet and other smart investors understood this. in 2008 and 2009 a market correction happened, and a huge amount of wealth was transferred from the unwise to the wise.
James Carter what. Some of the biggest banks collapsed. The auto industry almost completely folded. Very few people “like Buffet” knew what was going on... the ironic part is there are people out there predicting the next financial crisis correctly and no one is listening to them because the majority of data says otherwise.
Didn't Charlie Munger and Warren Buffett invent the strategy of buying/investing when the market is low and also buying/investing when the market is high? As Warren Buffet said, he has seen this happen many times in his life. Not an investor. My wife and i never earned more than a middle class salary. We plan to get retired at 58 with a stock portfolio worth $4M. We have never sold so much as one share of stock.
It really isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into financial advisors for a strategy that suits your timing.
i've been doing this same thing myself. Can't get into trouble with the IRS when I have no income and all my money is in stocks. I don't like doing the work though. Lol. So I just invest through an advisor who does the stock picking. My money grows, and I'm tax-free.
bravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Undoubtedly, there aren't many authorities in the area. Although I've tried a few over the years, I've been committed to Sharon Ann Meny for the past five years or so, and her performance has always been outstanding.
Well-done. Sharon Ann Meny appears to be highly knowledgeable and very qualified, came across her consulting page just after inputting her full name on the web. In fact, Ive seen commentaries about advisors, but not one looks this phenomenal.
Man, watching this makes me so glad I socked away $332k as an emergency fund. Now, I’m itching to jump into the market, but after hearing Warren break down the 2008 mess, I’m thinking… where’s my ‘headstart’ supposed to come from?
I wonder if people that experienced the 2008 crash had it easier because. my portfolio has lost over $27000 and I don't see my retirement turning out well when I can't even grow my stagnant reserve
There are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
A lot of folks downplay the role of advisors until being burned by their own emotions. Early last year after my lengthy divorce I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
*Sharon Lynne Hart* is the licensed advisor I use. Just search the name. You’d find her webpage and necessary details to work with to set up an appointment.
Since Biden took office, there seem to have been more unfavorable results in America. I am really worried about the current bank crisis/interest rates, these are all the signs of yet another 2008 market crash 2.0 , so my question is do I still save in the United States dollar or is this a good time to buy gold?
It’s always a wise option to keep some gold. Well with the current market situation and everything at stake with the present economy, I’d say you’re better off staying away from stocks fr awhile or better still reach out to an adviser for guidance.
True, a lot of people overlook the role ofasset managers until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $550k so far.
It's good you make your own research. and make sure whoever you work with is licensed n verifiable with a repute, this Sonya looks the part but i'd do my due diligence. I set up a call, thanks.
The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $750k is down to $592k any recommendation;s to scale up my return;s during this crash will be highly appreciated.
Although stocks are currently rather volatile, you should be okay if you perform the proper calculations. There have been stories of people making over $250,000 in a matter of weeks or months, according to Bloomberg and other finance media, so if you know where to look, I believe there are many wealth transfers during this recession.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
Wealth transfer often occurs during market crashes, so the more stocks drop, the more I buy. Meanwhile, I'm focused on making better investments and earning more as recession fears rise. Apparently, there are strategies to triple gains in this market, as I read about someone who made a profit of $350,000 within six months. It would be really helpful if you could create a video covering these strategies.
Diversifying your investments is the safest way to handle it. One way to lessen the effects of a market crisis is to distribute investments over a variety of asset classes, such as international equities, bonds, and real estate. It's critical to look for expert advice.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Rebecca Noblett Roberts is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII. Thanks for sharing
I used to believe that the stock market was primarily a game for the wealthy, influenced by the lessons of my grandparents who suffered significant losses in the past and emphasized this notion. However, I've been around long enough to experience firsthand how lucrative it can be. Especially in times like these, with inflation at 6.1%, one might consider the circumstances desperate. Nevertheless, I firmly believe that no market condition is insurmountable for a skilled financial advisor, especially those who have weathered the storm since the 2008 crisis and even earlier.
I'm aware that having a financial advisor can significantly enhance the performance of your overall portfolio. However, are they truly as effective as you assert?
True, A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far
in times like these, it's crucial to be cautious and not rush into the market , Who is this your FA , my portfolio needs urgent attention , been a lot of loss.
Carol Vivian Constable is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be a true authority in her profession with over two decades of experience. I looked her up on the internet and skimmed through her site, very professional. already sent her an inquiry hoping for a response soon.
Interesting how over 2% inflation has been a concern when central banks and the Fed begin to hike interest rates. I consider the rising interest rate to be a very serious issue since it will undoubtedly cause more investors to withdraw their money from the stock market. But then I'm still aware of certain investors that continue to earn over $365,000. Wish I could accomplish that.
It seems like there's potential, but caution is warranted. hence I will advice you get yourself a financial advisor that can provide you with entry and exit points
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
Simply by pasting her full name into my browser, her website immediately displayed. You've spared me from doing a lot of tedious research, so thank you.
First SVB, then signature bank and now first republic bank, these are all the signs of yet another 2008 market crash 2.0 , so my question is do I still save in the United States dollar or is this a good time to buy gold?
It’s always a good option to keep some gold. Well with the current market situation and everything at stake with the present economy, I’d say you’re better off staying away from stocks fr awhile or better still reach out to an adviser for guidance.
I think it's brilliant to use a brokerage advisor for investing. Prior to speaking with an advisor in the heat of the 2008 financial crisis, I was actually experiencing terrifying nightmares. In summary, with the assistance of my advisor, I have grown my initial $120k investment to over $550k.
Vivian Carol Gioia is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
Gaining more financial independence is probably the result of knowing how to handle personal finances and invest. People are better equipped to save, spend, and invest their money when they have a solid understanding of money and investment. In this market impacted by the recession, a trader made over $350,000.
Although stocks are currently rather volatile, you should be okay if you perform the proper calculations. There have been stories of people making over $250,000 in a matter of weeks or months, according to Bloomberg and other finance media, so if you know where to look, I believe there are many wealth transfers during this recession.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
Simply by pasting her full name into my browser, her website immediately displayed. You've spared me from doing a lot of tedious research, so thank you.
Its not rocket science, you dont need a bachelors, masters or phd to understand, analyze and make a strategic prediction of the next crisis, it is coming within next 2 years!
The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
Credits goes to "Carol Vivian Constable” one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
As to 2:31, You only brought up the first part of the sentence. It wasn't any NEW lesson for him by 2008-2009, but things that he already believed and knew previously. Duh!
He's the greatest investor of all time. Of course he didn't learn anything new from that crisis. The reporters are just too ignorant to know or understand who they are talking to.
@@dmtbass Warren always talks about investing in great companies with great value. He had absolutely nothing to learn from 2008, because he was never involved in speculative run-ups or getting away from fundamentals. His strategy works in bull markets and bear markets. Great person to talk to about long-term investing, IMO not the best person to talk to about the causes or impacts of a financial crisis.
We're living in the midst of such open corruption to date. Brokers blocking the ordinary man from making money in order for these hedge funds to profit. Sickening
I wonder if people that experienced the 2008 crash had it easier because this market conditions are driving me to insanity, my portfolio has lost over $27000 this nov. alone my profits are tanking and I'm don't see my retirement turning out well when I can't even grow my stagnant reserve
Even in this whirlwind, there are chances to be had, thus an increase in volatility is not always a bad thing. You have an opportunity to rebalance thanks to volatility. In order to help you diversify your portfolio, you must hire a financial counselor or broker.
I'll suggest you create a diversification strategy because building a good financial-portfolio has been more complex since covid. Recently my colleague advised me to hire an advisor, surprisingly I have accrued over $120K under the guidance of my coach during this crash. She figured out Defensive strategies to protect my portfolio and make profit from this roller coaster market.
@@duane_29 I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up
@@EllenAbrex I began with a pundit by name "CHRISTINE JANE MCLCEAN’’ Her approach is transparent allowing total ownership and control over my position and fees are very reasonable in comparison with my ROI.
@@duane_29 I searched her up online and checked out her credentials since I was so intrigued. Top-notch! I emailed her to inquire about accepting new clients.
Vivek Tammana no he is suggesting buffet is greedy is insinuating if he knew when the crash would he he would be able to cash in before the market fell.
I agree with Michael Burry. In 2005, the New York Times had an article about how millions of subprime mortgages were currently charging a “teaser” interest rate. Virtually all of those mortgages were going to raise their rates much higher as the teaser rate period expired. I told my friend he should sell his house ASAP because in two years (2007), millions of people will be panic-selling their homes. I knew my friend couldn’t afford a higher mortgage payment, so, he would be one of those people (and he was). It doesn’t take a genius to know that if something suddenly becomes a LOT more expensive, fewer people can afford it. Also, banks had ZERO incentive to warn customers about how not only the customer’s mortgage rate will go up, so will tens of millions of other mortgage rates will also - and at the same time. As for the customers being at fault for buying a mortgage they couldn’t afford, that is bunk. The customers could and did afford their mortgages - until their interest rate went way up. The United States has a reliably good economy because customers can USUALLY buy products and services without having to become experts in those products and services. This allows customers to focus on the work THEY do for a living. We want car mechanics to be knowledgeable about cars - not the adjustable mortgage rates of millions of home owners. The loan officers should be knowledgeable about that stuff AND protect their bank’s investments - without depending on a taxpayer-funded bailout they KNOW they will need in two or three years.
@@thetooginator153 I agree with everything expect the last part. The people who took the home loans from the banks were just as guilty. They wanted all the benefits of the mortgage without any of the risks. When the risks materialized, they cried "ohh what about me?" No one made you take the loan. The banks definitely should NOT have been bailed out nor should the people have been.
@@jamespeterson8482 ABSOLUTELY! You’re the first person to know that you CAN’T afford something! If you need creative financing, that would be the first red flag 🚩!
2008 was due to two things: lessening of financial government oversight; and the subprime crisis. People who should never had bought homes were magically okayed. This was not unique and this battle goes on. We will always have instances where the govt. was too laissez-faire, or far too restrictive. As for subprime, virtually every category of products, from beds to cars, has always gone after the subprime buyer; in fact, most of their profits have often come from there, due to credit rates and payments.
It has nothing to do with “deserving”, it should be “are you qualified”? The fact is liberal Democrats, as a result of their vote-buying legislation called the CRA, made it acceptable for banks to approve those for mortgages who were not “qualified”. Banks merely took advantage of what the liberal Democrats had wrought.
You can clearly see that this man knows exactly what is going on but it´s not in his best interest to real talk about it, he can point any fingers because ... you know.
Leon Andres Rojas Martinez it is simple, money and politics are similar in a lot of ways. You learn by time that (especially in business) you do and say the things that bring value to you. Anything else is simply either a waste of time or a foolish risk.
He can't name names because most of them didn't go to jail. One of the worst, Angelo Mozillo, never went to jail and keeps a low profile in his California resort community.
You can walk a fine line of not breaking any laws, but people are scoundrels for doing what they did, giving bank loans to people to whom they knew from the get go who wouldn't have been able to pay back their mortgage loans. House lost, money lost, bad people got their money, kept THEIR house and got off scott free. But of course, they didn't break any laws, ....
Natasha Love If I borrow $1000 from my friend, and I don’t plan to pay him back. It seems like I’m the real scumbag. Sure my friend might be an idiot too. But he lost $1000. That’s pretty much what happened. Many banks nearly went bankrupt. It was the governments decision to only bailout the banks and not the American people. Larry Summers told Obama he should ask for a $1.2 trillion stimulus but obama asked for half of that because the sticker shock would have hurt his chances of getting re-elected. Obama’s self interest was why the American people didn’t get bailed out
"If you Wait Till You Know Everything, It Will be Too Late" Good advice for us people who think IQ will somehow make us better investors. We need more Discipline, not more Knowledge.
The "leaders" that he talked about at 3:07 are the ones responsible for the crisis. They made millions out of that crisis, and no one went to jail. This is crazy.
The government is just a sophisticated overcomplicated straw that the rich and powerful use to drink your milkshake. They were all bought and sold and paid long ago, courts included.
he didn't explain anything because Moody's caused the Financial Crisis. in 2008, BH owned 48,000,000 shares of Moody's. Hear him say, "there really weren't any originators" -- its laughable. Moody's opened the floodgates of the entire bond market !!!! Hundred of billions gushed into subprime bonds ONLY BECAUSE OF THE RATINGS AGENCIES ….. MOODY'S, FITCH, AND S&P.
Watch Big Short. It's a movie based around 2008 financial crysis and a few people who foreseen it coming and made a lot of money in the process. Really good movie that also explains the reasons for the financial crisis in relatively simple terms, so most people could understand without having much knowledge in finance.
A man in his position just don't have that luxury to talk this thing honestly! He knows who's the culprits where and he knows what's coming around the corner! We all feel it! Debt supercycle!
Siddharth Ananth so why aren’t you following Charlie Monger. You clicked on this video for a reason. He talks people listen even the naysayer like you.
@@ConsensusX Yep. Lehman Brothers and AIG in 2008 secretly went to Buffet for a loan and he refused, he asked for a substantial piece and guarantees, way before both got insolvent and rescued by the US Gov. Anyway, good signal to offload positions.
Basically this crisis boils down to many people with low debt to earnings ratio FICO income verification stats want home, banks offer predatory loans and evolved quickly into subprime (worthless) loans that were bundled into Mortgage Backed Securities and the banks stupidly exploited it when the Price and interest rates go up. And along the way, something about the energy crisis and deregulated European market
This guy knows a whole lot more then what he says. I strongly believe it would be against his best interests if he said anything at all and He knows it. He’s more self serving then what he appears to be. Just like Wallstreet
He's no more self serving than the avg human. Self preservation & making decisions in one's best interest is an animals basic instinct, so idk why you would think humans are different when we're animals lol
Actually i wait till i know the thing i should know..in this wait in my feeling i m should put my either work or hardwork to achieve my place where i should be really
Everything he ever said usually correct. But the information he put out always means different things to the different group of audience. That's the danger of don't know what you don't know .
As I understand it, the sup-prime mortgage crisis was set up on purpose. To apply for a housing loan, your credit score was not a variable in the equation. It was not relevant. Those individuals who brokered these purchases received a commission. Incentive was there, to forward the process at every level, as high commissions were paid out. Greed was the inner voice overriding common morality and business ethics . . . if that even exists. Once the " housing bubble " imploded, all these foreclosures and accumulated debt, were rolled up into packages, where the value of each individual debt, was combined into a total debt. This total debt, which was essentially many account numbers, representing real people, combined into large debt " Assets" became currency to be traded. The final destination of this debt was to be sold off, as an asset, to non-U.S. international markets. The end result was the " World Economy " also taking a big hit. Each individual, that facilitated the movement of these debt bundles, gained a high commission. This combined debt, based on debt owed in the U.S. housing market, came to be known as " Toxic Assets. " The whole situation was set up to profit the individuals that made commissions, the companies theses individuals worked for, banks, governments, any human control mechanism in place currently, etc. It was a reset button, purposely put into play, to control all of you. Any positive or negative feed back is welcome. Feel free . . . to disagree. . . .by the way, I feel the student loan crisis currently in the U.S. is another example of a financial human control mechanism. So was the great depression and the 1913 Federal Reserve Act. . . .The world is a stage and we are all just actors playing a role. . . . apparently the role of many of us is serf. . .that needs to change.
Cash in a financial crisis is worth 10x more than it is today. If you have money invested and the stocks crash, don't pull it out if u can. It will recover and become positive in the future.
What caused the 2008 financial crisis? The government tried to social engineer home ownership and "lent" money to citizens who neither had the means nor the desire to pay the loans back. When you let people finance 125% of the price of a house they have no skin in the game.
Government =/= banks. I agree government was way too l’assez faire, but I firmly believe that the crisis began with not only the idea of subprime mortgages, but the fact that these subprime mortgages were packaged and disguised as very stable, low risk.
Johnny Ridenhour if you work 80 hours a week and live paycheck to paycheck, there is some major dysfunction in your spending habits and/or lifestyle choices. I want to emphasize major. That is the type of person who should watch dave Ramsey videos, not warren buffet
Johnny Ridenhour also 2% Work is a little extreme. Being ‘rich’ means having it all on the line. I guess we can make the exception of some trust fund baby, but something like 80% ‘millionaires’ are first generation/self made wealth
At the very least, I now grasp the concept of leverage. Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.
Most people simply enter the foreign exchange market without comprehending matters like this. The first stage in building money is determining your goals and risk tolerance, which you may do on your own or with the assistance of a financial counselor who works with a verified Finance agency. And also you can learn the facts about saving and investing and create a clear plan, you should be able to acquire financial security over time and enjov the benefits of income management.
That is why I work with John Desmond Heppolette, who introduced me to a better Financial community, a verified agency where I learned how money works and how to create it, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made.
_ You are correct! Working with a financial advisor who has worked in a solid financial firm for a long time, such as John will actually set you up for success in life. I'm delighted I was able to reach out to "John Desmond Heppolette" earlier this year because while others were grumbling about the downturn in the markets due to the state of the economy, I was busy learning from him and eventually made over seven figures in the first quarter alone, which is why it's always good to join the correct community.
Nice video, very engaging from the beginning to the end. Nevertheless putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for
I came to RU-vid to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k. Somehow this video has helped shed light on some things, but I'm confused, I'm a newbie and I'm open to ideas.
@@abdirahmanabdikani9876 i know, i think about that all the time. but no point in dwelling on the past. we should just learn from it. the bitter/sweet news is.. it'll happen again. except this time it will be student loan debt or something else. the housing market might be effected too, but thats not where its going to start this time. so all you can do is be ready, be vigilant, and have a good chunk of cash ready to deploy and buy the stocks and etf's on your watch list. good luck!
subscribe to my channel. I teach and give tips to traders beginning etc. Also follow my instagram: ghill_investments for live trades i do everyday. I hide nothing like the famous traders. You get the real me. Every single trade is shown on my instagram.
@@MrFleischbrocken yeah screwed hey. The market dipped, the smart people bought it and made life changing sums of money. This is why you people will never be successful in this business, you see a crash and think “oh no, this is the end”. Stop trying to predict world ending scenarios and just live in the moment
Blaming him for making lemonade with the lemons given is a bit too much. Value investors don't really care about bubbles etc because in the long term the value is always going up. All he had to do was wait it out. He averages 21% ROI per year. if he saw an opportunity to profit 50% on any investment you can't really call him anything other than a great investor. Should all people thought like he does, that crisis would have been avoided. He always basicaly said:" don't buy when the market is up, it's stupid. Buy when it's low." And it's also stupid to call him on it since he has been saying that for years. I respect some people having a different opinion on it but i believe he didn't do anything wrong, anything to cause the bubble. He just profited from it, like the great investor he is.
You're the only one around here who understands that Warren said all of these based on his point of view as an investor. Most people wouldn't get it or disagree, of course, because they're NOT investor.
Cinderella going to the party... have been reading and listening to this intetesting man for 20 years continuously. He is amazingly right on his long term views. Hello From Tunisia
subscribe to my channel. I teach and give tips to traders beginning etc. Also follow my instagram: ghill_investments for live trades i do everyday. I hide nothing like the famous traders. You get the real me. Every single trade is shown on my instagram.
There is a good deal to be learned by studying how depression triggers aligned in the past. So, to understand why the "Great Depression" occurred in the 1930s, one must look at what occurred during the years building up to the crash. A significant amount of the credit made available during the 1920s went into land speculation. A good primer on what occurred is found in the book "Only Yesterday" by historian Frederick Lewis Allen. Not only did investors become captured by the frenzy of the Florida land boom, this same frenzy occurred in many cities in response to population increases that triggered a significant increase in the demand for both commercial and residential land. An agricultural land boom also occurred during the First World War, during which time farmers borrowed heavily to expand their land holdings and production. A few years was required after the war ended for European farmers to recover, but by the mid-1920s global production exceeded demand, prices fell, farmers defaulted on loans when government guarantees were removed, and rural banks failed by the hundreds. As the land boom crashed, investors shifted heavily into the stock market, driving up prices well beyond what any fundamentals supported. Thus, by the end of 1929 the U.S. economy was stressed across almost all areas of production as well in the financial markets. To be sure, imprudent bank lending deepened the crash and lengthened its duration, but it was a crash in the making because of the failure to utilize tax policy to tame the credit-fueled, speculation-driven land markets. A few economists (e.g., Harry Gunnison Brown, Scott Nearing and John R. Commons) had argued the case made in the late 19th century by Henry George, who showed that cyclical booms and busts would be tamed only if the full or nearly-full public capture of the potential annual rental value of land and of rents from other sources (e.g., the broadcast spectrum) became public policy. Harry Gunnison Brown was joined over the succeeding decades by a small group of economics professors who continued to make Henry George's case. One could argue that recessions that began again following the end of the Second World War would have been even worse if local governments did not capture some land rent via the taxation of real estate. However, as land prices climbed property assessments rarely kept pace. This made speculation in land an even more profitable investment. Relying on out-of-date assessed valuations rather than current market values created a serious analytical problem for government statisticians. They simply did not understand that any increase in the price of land is inflationary and did not include such increases in their calculation of inflation. Another failure has been to accurately calculate the annual aggregate rent that is privately captured as unearned income (whether imputed or actual). Since the administration of Ronald Reagan, the federal government has not monitored land prices. The figures utilized in the econometric models relied upon by the Congressional Budget Office and the Federal Reserve are around 5 percent of the actual potential rent in the economy (see Joseph Stiglitz or Mason Gaffney on this particular problem). I offer here a very rough estimate of the rent attached to just one part of the economy, the residential property market. At mid-2020, the median price of a single-family property was around $295,000. There are about 140 million existing housing units in the United States. If we assume a fairly conservative median land-to-total value ratio of 35%, this means that the aggregate residential land value in the U.S. is $103,250 per property, multiplied by 140 million = $14,455,000,000,000 ($14.455 trillion). Economic theory tells us that this aggregate land price occurs because of the capitalization of the net amount of rent that remains in private hands after taxation. If most or all of the rent were captured via taxation there would be nothing to be capitalized and land prices would fall to very close to zero. What the rent fund might be depends on the discount rate. If we assume that investors will invest in land if they can obtain an annual increase of 5%, the the rent fund would be calculated as follows: 5% of $14.455 trillion = $722.75 billion of rent JUST for the land under existing residential buildings. Add in the number of vacant residential lots around the U.S. and this figure will increase considerably. Tragically, the public capture of land rent never became public policy, allowing the land market cycle to operate from boom to bust. It is on schedule to crash again in 2026. I have prepared a relatively short video in support of this forecast for anyone who reads this and has an interest in more details: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-fmA6ZPs-wus.html
Banks learned nothing from 2008. This will come back around again, hopefully not on such a devastating scale, but the housing market is really wonky right now. Lots of selling and developing and not much buying. Will be interesting to see what’s coming.
@@eurekasevenwave2297 Looool thank you for replying to this and reminding me it exists. It’s an absolutely insane market still, obviously, but I cashed in on it big time. Out of pure luck bought right before covid and cashed out at the peak in the middle of this year and made almost $100k in equity in a year. So, it’s crazy but it made me money 🤷♂️
@@mohnjayer Hey man, gains are gains. I'm just gonna save up cash (whatever it's actually worth with the way the supply chain is going), and hope I can buy a foreclosure because I don't mind fixing up things on a home at a good price. It is an insane market, lots of talk about it never going down, which I can see why people believe...but I imagine they said the same thing back in '08, and while the fundamentals now may not be the same with subprime loans and a residential bubble, it's gonna have to give.
“Let me issue and control a nation’s money and I care not who writes the laws.” Mayer Amschel Rothschild (1744-1812), founder of the House of Rothschild.
"Who do you hold responsible? " is a trick question. The way Buffet acknowledges that this will happen again clearly reflects that it doesn't boil down to specic people or organisations.
It is not Warren Buffet you gotta look at here for an answer, it is Peter Schiff who succesfully and precisely diagnosed and predicted this catastrophe.
Private banks are currently making endless amounts of money through loans and central bank also is making tons of money to support this endless debt is needed which are coming from big loans everywhere our economy will end up crashing once again when this Bubble pops.
Buffet didnt see it coming so he can only explain it after the fact, the truth is Buffett personally lost about $23 billion ... Michael Burry on the other hand saw it coming and knew exactly how to prepare for it.
It started in 2006 within Florida, Las Vegas. The signs were there. Then it was subprime in 2007 that woke a few up. Yes, we all know about 2008 but the red light was already flashing well before that. A shame Buffett didn’t mention the printing presses in back of the room. #2019 #GirdYourLoinsEveryone
@@Deaabaldeabdeab that the people who are responsible sit on the same board of committees. he owns 5% of these companies who will be responsible for the next crash
Shame he didn't mentioned how Lehman Brothers and AIG in 2008 went to him for a loan and he refused, because he asked for a substantial piece and guarantees, way before both got insolvent and rescued by the US Gov.
Many people don't know that financial crisis is like spreading fire. FED was trying really hard at that time to save innocent people from the spread of crisis. Only few people know it such as Buffet.
If you stay invested and ignore the market's ups and downs, you'll make a lot of money in the long run; however, a severe market correction causes a lot of margin calls and sell-offs, driving the market even lower. People get greedy in this bull market and it's extremely irresistible.
IMO. Anybody with a half a brain in the investment world not blinded by greed could see this coming. Jim Cramer? Let’s buy a few million in high yield CMOs. Default, no problem they’re insured.
