This clip was taken from the Equity Mates Investing Podcast episode 'Expert: Yanis Varoufakis - “You should be screaming from the rooftops, stop doing this!”'.
Hi all, this clip was taking from the Equity Mates Investing Podcast episode "Expert: Yanis Varoufakis - "You should be screaming from the rooftops, stop doing this!" You can find it here On Spotify: open.spotify.com/episode/4i1ZrrtEiY7kIIPTsIduf2?si=c6e2032a591e4fdd Or Apple: podcasts.apple.com/au/podcast/expert-yanis-varoufakis-you-should-be-screaming-from/id1212097275?i=1000566554055
And industrial military complex greed aims for financial efficiency. It means giving less and charge more. It means that the ratio of firepower per dollar or quality and reliability per dollar, becomes really low. You can see Houthis launching $2000 drones, intercepted by$2 million missiles. You see a cheap dumb bomb strapped to a cheap winged drone to make FAB-500 and compare with an expensive JDAM. Cold war arms race made USSR to not be able to afford arms race. Financial efficiency creates an affordability gap.
The logic from President Biden and Jessica Yellen US economy is built on solid foundations as solid as your sleepy's mattress. So proud of bite me President Biden!
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
Personally, I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet.
I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
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 resume.
The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
Keeping money in the bank is like paying banks and the Govemment. Here's how it works: The bank gives out your money as loan, and charge interest obviously higher than inflation rate, and then give you, the depositor, interest lower than inflation rate. That means net loss for you. That is why I prefer to invest, and on average, my advisor makes returns that always beats inflation!
To be honest, I've been wary of banks for a while, but I wasn't sure how to speak with an advisor first. Please let me know who your adviser is if it's okay; I need some recommendations.
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.
Asia will rise as the new superpower nations. We just hope Japan, South Korea and Philippine smart enough with their decision making. All countries should only focus on the benefits of their own country and focus on peace and trade instead of the old ways
Japan and Korea don't love America. They are waiting to stab the US when the time comes. As the US is becoming so weak financially, there is a light at the end of the tunnel. The Philippines armed forces will forever be corrupt, and that will keep the country subservient forever. They love to be part of America.
Japan, Philippines, Taiwan and South Korea still have colonial mindsets. They are satellite states of you know who, with foreign military bases occupying their territories. They will never be rid of this cancer for the rest of their existence.
@@thetreekeeper143 Some Asians in those vassal states are happy to be subservient to the Americans. Actually, they want to be Americans without objecting to being looked down on by them. They are not proud of being what they are. They have poor upbringings with no national pride and low self-esteem. Maybe that's why a guy like Yoon, the American Pie lover, can get elected.
@@thetreekeeper143 yeah sadly it will never happen until the people have enough and there is political revolution . Asia + Russia combined will topple Europe + US economy
US always makes sure to print much much more money per year than it has a trade deficit with the world. that way the trade deficit is paid for with inflation passed off onto the countries who hold the US dollars. So for instance if trade deficit is 500billion a year with world. USA bankers will print more than 500billion plus in new money and give it to the US banks/corporations to spend on buying assets abroad. So effectively the trade imbalance is maintained and 3rd world is unable to develop their economy unless they let west own their businesses.
Oil petrodollar hegemony is being circumvented by other forms of infrastructure, and as the US has maintained the same infrastructure as other countries have advanced outside of the oil based infrastructure, the value of the dollar will slowly reduce. The US needs to get on board with the technology or it will fall behind.
@fitsodafun It's a great point because the system is based on-> a discount for your slavery and tracking. Corps already do this as you should know. We will give u coupons. Specials and discounts if u use our tracking app/email/phone number that we capture your EIN on your phone, capture all your connections and people etc. We will give you a discount if you allow us to put the GPS in your car and track you. Costco/Sams/BJs- pay for a membership and show us your card on the way in, but more important, show us your card so we can scan it and track your purchases real time so we can sell that info
Remember the Triffin dilemma? Any country that uses its domestic currency for global exchange produces a trade deficit which ultimately is not sustainable.
Yanis is right. But the difference between 60 years ago and 20 years ago is the dependency of the Military IC to justify qualitative aggressions. This has increased Substantially. This is where US Capitalism itself has become subjugated by the US via it's Defense iniatives. It has been weaponised to 'make up' for US Military getting their rocks off... Qualitatively. This is what has led to de-Value of the US dollar. It's an in-house issue.
My question is why Asking your so call enemy for money this is the lowest thing I've ever seen happen in my life .i don't believe that the United States would stoop this low
We need better dollars. Fuck dead presidents. I personally like the color, faded green, fades white. But a better look. Nothing corny. No red white n blue either.
@AmericanNope what argument? He has no argument, all he got its his own crazy half truth gossip delirium, like I said he's the a pepito escobar: lots of noise zero nuts
not crypto. direct money transfer between nations bypassing usa dollar using cryptoledger technology. nations will not need to use the dollar. therefore usa will not be able to get the world to pay for their deficit spending. therefore usa will have to abandon printing money or face rampant domestic inflation. therefore usa will lose economic hegemony. as without their black credit card, they have to mine and build things themselves instead of buying it from everyone else. which means everyone else is free to develop their economy independently of usa. which means 3rd world gets to develop. which means they become free of usa stranglehold over their economy.
It's not about pro China... It's about where the World is heading. Do you ever wonder how RUSSIA keeps trading, importing and exporting, without any access to swift? 😂 Look at how many AFRICAN Countries are selling the minerals without involving Western Banks.
On top of all the pluses of the digital system, which is safe, mobile and not to be controlled by the US government, it is also free of charge, not like the current SWIFT system one has to pay the US banker for each and every transaction.
