Debt Crisis Will Collapse U.S. Economy
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3 місяці томуSubscribe to John Rubino's Substack: rubino.substack.com
Unstoppable debt crisis will crash the U.S. economy sooner than later.
#useconomy #housingmarket #usrecession
Todd Sachs is a Maryland Real Estate Broker and not a Lender, CPA, Attorney, or Financial Advisor.
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@jokerswild5876 3 місяці тому
I’m from the UK and we are in exactly in the same position food prices are extortionate items are getting smaller in size and costing more. Mortgages are at around 7-8% for people with properties payments are up by around 30-40% in the last couple of years. This seems to be a global planned operation to wreck the economy and bring in the new financial system imo. Love to you all from across the pond 😘
@rogerburn5132 3 місяці тому
Just to say UK government debt is 2 6 Trilion pounds Government deficit 110 Bilion pounds per year and the There is No escape 😂
@ScottDieken 3 місяці тому
you guys don't do the 30 year fixed mortgages over there? i heard heating costs are too much also.
@Noworries-PU7ye 3 місяці тому
Who carries the stock markets making record highs😅 I have no debt😅 if food goes up just go on benefit that's what I did in my country it helps out a lot I am not a fascist Republican the economy is booming everything is good as long as you know how to do it like I did I'm not hurting I'm not starving I'm have everything I want to eat no worries for me or others like myself😅😅😅😅😅😅😅
@Noworries-PU7ye 3 місяці тому
@@rogerburn5132they can print money forever you must be a fascist conservative no good😢😮
@rogerburn5132 3 місяці тому
@@ScottDieken you are corekt
@AlexMorgan-ti6nv 9 днів тому
I was unaware of the severity of the debt crisis and its far reaching impact. With extensive money printing, we're now facing extreme inflation, making daily life increasingly challenging. It looks like we're in for a tough journey ahead
@MichaelJaw-hv9uu 9 днів тому
Some of us recognize inflation as a wealth transfer tool. The fed's actions weakened markets, but focusing on controllable factors is key. I've secured $613k in returns despite economic challenges
@Joe900-px3nt 9 днів тому
you lucked out. a lot of us are already in hot water because we rely on the markets to always go up
@MichaelJaw-hv9uu 9 днів тому
I credit my research that led me to Emily Ava Milligan, a top fund manager, rather than luck. 300K to this amount was no coincidence
@PeterParkar-nk6dw 9 днів тому
Like yours, I pulled in $110K last month despite the market hurdles, all thanks to my fund manager. It's great to have a community here discussing important matters
@MarjorieRyanJoy 9 днів тому
tangible progress is always inspiring
@billhopen 3 місяці тому
been following John since 2007....My grandpa, an illiterate Italian immigrant, amassed $48,000 in his bank account (ps gold was $20 per oz) from 4 fruit stores he owned and ran in Manhattan in the roaring 20's He wasn't gambling in the stock market, just working & saving up in bank........the bank failed, he lost all his banked cash, he lost 3 stores, moved his wife and 7 kids to small apartment above the 4th store, they lived in poverty, cooking the vegies that went bad at the store,..boiled in soups and sauces...eventually the 4th store went down...poor Grampa died in poverty in 1950's...over 20years, he never got back, after being a rich, successful man in 1929. His message, passed down to me: "If only I saved in Gold, in steadda dat bank" Now, I got 7 kids, and the 100th anniversary of 1929 is upon us.....where are your savings?, your reserves?, your retirement? Its been a hell of a bull mkt..."a bigga bigga bubble" BANG!....nothing left but gold and silver.
@bluegoose94 3 місяці тому
That's a terrible but good story.
@aaronwilkinson8963 3 місяці тому
Are we looking at a dark age
@virginiaalt1245 3 місяці тому
During the Depression time, the Federal Government forced Americans to sell the gold they had to the government at greatly reduced prices, making it illegal for citizens to own gold. The Federal Government will most likely do it again since they have probably stolen or given away to foreign governments or for wars what gold used to be stored.
@obbiebeal3060 3 місяці тому
10,000 TIMES thank you ! .... 1960 I was told by my Sunday School Teacher .... " during the Great Depression my daddy smoke-house was always full and we had 2 milk cows ". Being of Africa decendent they had no money in the bank to loose so they had no knowledge of a Depression because nothing changed economicly for us..They were bound mostly as tenants farmering & living off the land.
@onebridge7231 3 місяці тому
Grandpa didn’t have FDIC insurance, Social Security, etc. which came about because of the pain he suffered. Yes, people can be bankrupted by poor choices, but none of us will feel the entire pain of your Grandpa’s generation because there are too many poverty backstops in today’s society. Even our homeless live better than the poor I saw in my trip to Nairobi last week.
@virginiaalt1245 3 місяці тому
Why has this happened? When income taxes were first set up, they were only on the very rich elites & corporations. But they financed politicians who would remove their taxes by exemptions mainly so that the tax burden fell on to the working classes & poor. So government started charging real estate taxes on peoples homes for revenue (then when Americans fell on hard times or retired & could no longer pay the constantly increasing real estate taxes, they were forced to sell or the government stole their properties for unpaid real estate taxes). This form of taxation needs to be stopped completely. The people need to demand it because they don't really own their homes when the government can seize it away from them because they can no longer afford the higher and higher taxes.
@hnn8759 3 місяці тому
Usury
@jefferysurratt5650 3 місяці тому
In 1960 corporations paid 60% of the income tax collected. Today corporations pay 28% of the income tax collected. Record corporate profits, lower standard of living for the average worker. I stopped playing the debt game, with the current cost of living, debt is out of the question. Paid off $60,000 in Car and interest free credit card debt in the last 44 months. Debt free and able to bank 45% of my monthly income of $3,716 = $1,672. Remember 1 thing from the video - DEBT is your enemy!!! Pay it off as soon as possible.
@jamesbuchanan6040 3 місяці тому
You believe someone else should pay your share of the costs to protect and care for you? How about a flat tax where everyone pays? I’ve spent a lifetime building a company that employs (supports) 45 people yet my net taxes exceeds 50% while you promote an individual should pay none? It’s that Marxist ideology that will put us all on the streets.
@toddprater14 2 місяці тому
@@jefferysurratt5650amen brother…the way the world is today or in the last 5 years…al” you want is utilities , food , insurance and rent /mortgage and hopefully down the road no mortgage….there’s no room for car payments anymore cause cost of food for one…people with massive credit card debt are gonna be hurting…and they wonder why expensive vehicles are not selling, yes interest rates is one small reason , but. The cost to survive for 30 days has drastically gone up….credit cards and any loans are evil…people better start trying to live like the 50’s and actually save for a item instead of financing it…..I’m done giving bank’s interest as well…screw them…charging 12k to borrow 50k for a truck? But 5he won’t raise rates on our accounts to 7-8%???
@CD-vb9fi 2 місяці тому
@@jefferysurratt5650 Corporations/Business do not pay taxes. Only the "end" consumer pays them. As a business owner... if I sell you a $2 hotdog and the state starts charging 60% sales tax on that... I am raising that hotdog to $3.20 to compensate for that... and if the state backs off their 60% sales tax you can bet I will not be lowering the price now that I know customers will pay for that $3.20 hot dog. But if you go and ask for Gubermint to raise taxes again... you can bet I will jack up the prices again. Always be careful of the things you wish for... because just like Dragon said in Dragonheart... "When you squeeze the nobility, it is the peasant who feels the pinch."
@jamesmcfarland3887 3 місяці тому
Im a dealer and sell low cost rv and travel trailer ect, let me tell you almost all sells go to people who are gonna live in them and cant afford a home
@user-nt1zv8ic5m 3 місяці тому
we manufacture air and surface purifiers for the RV industry. You might be interested in our technology
@snakeplisken2123 3 місяці тому
This was my first thought. When waves of homeless flooded my city goers of recreational vehicles showed up and they weren’t on vacation.
@torsten6777 3 місяці тому
Those poor people only buy the crappiest oldest rundown RVs. All the $100k+ RV go to vacationeers.
@pdxeddie1111 3 місяці тому
@@mikewu9483 just fixing the rv isn't cheap either though there's no getting away from paying, that's life.
@kaldregoofficial1625 3 місяці тому
I need one if you can help me
@nadruik9890 3 місяці тому
I love how he pointed out that progress should be deflationary. When you think about it our last few decades have regressed us centuries till the average American is little more than an indentured servant or serf with all the wealth flowing to the top as we barely cover cost of living
@gioiapharo7433 3 місяці тому
The rich forget History …… Great Imbalance Between the Haves and Have Nots ……Eventually Takes Down Those That Have ……..
@debrasmith9241 3 місяці тому
Did the guest really say he told his son NOT to payoff his credit cards? POS!!! I should listen to a guy who think's it's ok to let his son default on loans rather than help him out. RIP America! Everybody is a taker!
@darylyost7273 3 місяці тому
All voter approved! 😮😅😊
@Noworries-PU7ye 3 місяці тому
@@gioiapharo7433that's total BS I don't believe it it's not true I have no debt😅
@Noworries-PU7ye 3 місяці тому
@@darylyost7273that's right because everything is good everything is fine you're just a doom and gloom😮 or maybe you just don't have a very good job so you blame everybody else because your world is falling apart your world is caving in on you don't blame your mishap on others blame yourself for not saving making the right financial decisions😮
@xelefonte 2 місяці тому
If the dollar collapses, those holding US treasury bonds will experience something never yet experienced in American history. And that is their treasury bonds being worthless. You could have a billion dollars worth of treasury bonds that evaporate overnight into nothingness. That could signal some kind of civil war / collapse of the US government. Now we know what happened in Venezuela with their bolivar that collapsed overnight and turned millionaires into the poor. That’s a 2nd world country so it’s not far fetched for it to happen to the US. This is why so many people believe in alternative assets like gold and crypto. But it would be a strange world if you don’t have a currency to measure these alternative assets. But they’d still be worth something and would eventually be measured by new fiat currencies. I do not believe the US government can just accumulate endless debt. The time will run out and countries like China will no longer want to carry this debt. And US just can’t keep printing money to no avail. It could bankrupt the country. If credit agencies completely lose faith in the US currency, that will be the beginning of the end of the US dollar.
@AHumbleAmerican 3 місяці тому
Every time I think about what might happen this year, it gives me grave feeling in the pit of my stomach.
@PatriOtsareinContrOl 3 місяці тому
Hello...... How prepared are you concerning the global currency reset and I hope that you have received your QFS currency?
@arlenegarza4353 2 місяці тому
What's QFC
@Birdpoo777 2 місяці тому
@@PatriOtsareinContrOl scammer
@MadTrader777 3 місяці тому
In 2021 used cars over $25000 were selling faster than cars under $15000. I haven't seen that in 17 years being a used car dealership owner. I think it is a great indicator that we are at the end of a long bull market and it goes to show how peoples' phycology works. Back in 2011 nobody would dare to open a small business even though it was the best time to get started. Fast forward to 2021 everybody became a business owner and an investor even though it is the best time to sell it all and stand on the sidelines for oppurtunities. For some reason the public got it backwards. This one is gonna be worse than 2008.
@beachsunand80smusic 3 місяці тому
Good observation. Makes a lot of sense.
@nicholas8690 3 місяці тому
As somebody who just started a business, this comment terrifies me
@CasiaMoFat 3 місяці тому
@@nicholas8690 may God bless your business
@alldadsunited 3 місяці тому
I cant afford to work for an employer again. Theres many and plenty of opportunities for folks who try. An employer is like going to public school, barely adequate
@karlpetzing525 2 місяці тому
The public makes the wrong choices because they believe the voice of the screen.
@lauriegrissom672 3 місяці тому
I would never tell anyone to not pay their debt. They will come after you and garnish your wages. I would encourage people to live well below their means and save, save, save.
@weaverdreams 3 місяці тому
No, you don’t have to pay your debt back if it’s credit card debt. And you don’t have to file for bankruptcy to stop paying it. You can negotiate later to wipe it out if you want to correct your credit. But it is a lie that your wages will be garnished. That’s only if you owe the IRS money.
@margeroehrbach9524 3 місяці тому
@@weaverdreams the cc companies can sue and get a judgment. it is only with a judgment that they can garnish wages or lien property. you know about that way in advance though. options - negotiate with them (quite cheap, but you might have to pay taxes on the amount forgiven), or wait till the right moment to file a bankruptcy and wipe it out.
@lauriegrissom672 3 місяці тому
Well, a friend of mine did that and they (discover) did go after her wages. She also did not repay her student loans. I would just be very careful with not paying back debt. Companies will come after you and get what little they can to recover some of the debt. They may not get it all however, they will get what they can from you. @@weaverdreams
@stevenshorten6184 3 місяці тому
People who were "saving" got destroyed over the last 4 years. Their savings couldn't outpace inflation.
@ScottDieken 3 місяці тому
I have experience with not paying debt. Nothing happens they write it off
@MultiRocknroll123 3 місяці тому
There is a road that leads to the far east suburbs of Phoenix. This area has been the "affordable" part of the valley (even though its not because of water rights issues). Drove down it yesterday and saw entire nb developments over half vacant l, as well as a good amount of those luxery items like rvs and big trucks for sale by owner on the side of the rode. People are getting desperate
@Cheryl-pr4we 2 місяці тому
Road.
@davidlundy5007 3 місяці тому
Our government’s responsibility is to protect the citizens, that’s it. It seems that our government is only trying to protect itself by doing ridiculous stuff without any accountability . They just lie about it knowing the bulk of the citizens are oblivious to what’s going on or they just don’t care. Selfish living by everyone is the problem. Thanks for an informed video.
@pqtpat7734 3 місяці тому
Pragmatic. My siblings & parents think I’m insane but they literally all rent, have 0 assets, debt, etc. it’s sad how gullible most are
@vickydemta8546 3 місяці тому
90% people are same...i can't convince my mother that this is happening...
@joeyork9891 3 місяці тому
Same. Connect the dots. Stop listening to the noise of fake experts. Automation robotics machines artificial intelligence drones have replaced more workers then migrates. Yet we're still paying government workers fat salaries medical pensions training
@curiousgirl.4134 3 місяці тому
Then they have nothing to lose, right? They are also adept at operating in stress so anything that happens, those are the people who won’t break mentally
@pqtpat7734 3 місяці тому
@@curiousgirl.4134 I guess so if ignorance is being “inept to stress”
@kotenoklelu3471 3 місяці тому
Debt holders in hyperinflation may win. I heard stories about people paying out their mortgages with one month salary. The problem is you should be lucky to have salary in this environment
@vawt1953 3 місяці тому
1. Federal reserve has not remitted any monitoring the treasury for the last 13 months 2. Bank lending program now at 161 billion 3. GDI telling U.S. recession 4. Longest inverted yield curve in history 5. Money supply going down 6. Real unemployment is at 6.4% look at revised numbers for 2023 and not count some people
@manormyth 3 місяці тому
It’s a rolling recession. Each industry is going through it at different times. The unemployed will roll off the books before the next industry falls. Ur unemployment numbers make sense
@vawt1953 3 місяці тому
@@manormyth New York fed empire index is at the lowest ever recorded or counting 2020 CV let that sink in -43.7
@bcampbell1826 3 місяці тому
7. Americans have accumulated a record-breaking $1 trillion in credit card debt.
@manormyth 3 місяці тому
@@vawt1953 is that the manufacturing report?
@vawt1953 3 місяці тому
@@manormyth yes
@jayneweaver8695 3 місяці тому
Great interview. I found John Rubino on wealthion and every time he is interviewed, he has great advice and information. THANK YOU for having him on. You should have him on regularly, we need the sanity out here.
@Youknowwhatscoming 3 місяці тому
I cannot thank you enough for bringing John on the show. Oh my god the wealth of knowledge he has was beyond I have heard from anyone lately. So much of what he said makes so much sense. Govt is continually kicking the can down the road but they will reach the end very soon. It’s not going to end well
@metricdeep8856 3 місяці тому
You can only dump your expensive toys if there are buyers. When buyers are scared.....no one gets anywhere. Even if you repo all the goods...how do you warehouse them when there are no buyers? Warehousing costs money. The loss slope is really steep.
@bmw803 3 місяці тому
Exactly. Should have been disciplined and not buying a bunch of expensive toys that you couldn't afford. As Peter Schiff would say, It's better to taste and swallow the bitter medicine and be distgusted for short term and be healed for long term.
@user-ud6ui7zt3r 2 місяці тому
If I am correct, the warehousing involves... • rent; • fire insurance; and • here in NYS, *inventory taxes* Here in NYS, the state looks upon inventory as a form of capital gain or income. For some time now, I have been guessing that the banks are going to (while keeping it very secret) stop doing repo for delinquent car loans. Why? For the very reason you said... it costs more to warehouse the repo-ed items. Now that I think about it, I don't think they warehouse the cars. Rather, they send them to HUGE parking lots, where the cars sit outdoors.
@gregalot200 2 місяці тому
There are always buyers, I'm a buyer, I only buy when the price is too good to be true.
@Getaboardtv 2 місяці тому
They'll probably warehouse the vehicles for a short while and then send them to the auction
@bmw803 2 місяці тому
@Getaboardtv If the main reason people don't buy them is lack of proper charging, then why would someone buy them at Auction? Unless they discount them significantly.
@christinestephenson1742 3 місяці тому
I can only thank God that at this stage of our lives, our land is paid for, house was paid for as we built it ourselves, and car and truck and RV are all paid for. Our retirement money is ALL in gold and silver. We owe no one anything except property taxes which i hate as they are totally unconstitutional! I feel afraid for our kids though who have house and car payments but have been blessed to keep their jobs. We are baby boomers, now in our retirement home just under 1000sq ft. on 17 acres.
@yorsan2240 3 місяці тому
Not utilities bill,or insurance on car or home ? How about food ?
@mooselee902 3 місяці тому
@@yorsan2240 Grow it.. they have land
@kwmedia1 2 місяці тому
That is how you do it.. =)
@kwmedia1 2 місяці тому
@yorsan2240 on 17 acres? Utilities aren't bad in the country. Food can be grown or bought locally, and taxes and insurance is waaaaay lower in the country.. I have several autos and trucks out in the country, and when I asked the car insurance people why it was so cheap and he said, well we know older people don't drive after dark and there aren't that many wrecks and auto collisions or theft out there... =)
@cwinter-powers669 2 місяці тому
Can't eat gold and silver...purchase now what others will need...chicken feed, dog food, scratch grains, salt(redmonds brand), seeds, fertilizer...things you can barter with...I have these types of things...when the dollar tanks and cbc Dee's are in place, silver and gold will be tracted...purchases tracked...no one will be able to use you gold and silver.
@JohnDaniels 3 місяці тому
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless." - Thomas Jefferson
@Yelkwood9 3 місяці тому
im not having children so that's partially solved already
@samanthacallaway2276 3 місяці тому
@@Yelkwood9Don’t worry, you and me are the homeless child.
@1984Cece 2 місяці тому
@@Yelkwood9 Just because you don't have children doesn't mean the problem is solved.
@deathmetalcakefarts2751 2 місяці тому
@@Yelkwood9 same here I’ve studied philosophy academically my entire life and you couldn’t pay me to bring a soul to this planetary sphere LOL
@user-99.99 3 місяці тому
I always love John’s take. He’s right. It’s just a matter of when.
@jJ-pq4tk 3 місяці тому
These guys talk sense, Car repos are way up. The Toyota dealer near me. 12 months ago there was maybe 10- 15 new vehicle's on the lot now it's full. The prices are so high they're not selling
@bmw803 3 місяці тому
Many Americans are also shooting themselves in the foot. Buy shit they don't need with money they don't have. Politicians are taking advantage of the average Joe's poor discipline.
@user-bs1em3wk2i 3 місяці тому
Good leave them cars at the dealership until they come down on the price
@breckfreeride 3 місяці тому
Toyota isn't even the worst offender. Stellantis raised prices about 50% in the last 5 years! Let em rot
@Alex-pe9bd 3 місяці тому
How are the auto makers not in mass layoffs over the last 3 years. Hardly nothing on the new car lots every where. Big climate crisis frauds have quickly squeezed new gas engine auto production as the attorney mob forces the population to EV that are overpriced, highly depreciate in value, the grid not capable of handling this new demand by EVs. All this public private investment will end up like Solendra.
@Alex-pe9bd 3 місяці тому
The climate has been in rapid warming since about 10,000 years ago when 2/3 of North America was covered in thousands of feet of ice. The ground in the great lakes region is still rising/rebounding back from the sheer weight of that ice sheet. The sun and it's various solar cycles is the culprit to the advance and retreat of polar ice caps over Earth's history. The climate mob pushes this agenda because they are making money of their lies
@momof4121 3 місяці тому
I enjoyed this guest he talks straight forward no big intellectual words that you need to google he just got straight to it and boy was he insightful Thank you 🎉
@RosemaryGabrielle 3 місяці тому
The incompetence and corruption that runs through this administration are getting more ridiculous. I feel for people with disabilities not getting the help they deserve. Thank you Mylah Evander, imagine investing $1.5k and receiving $5k in 4 days.
@RosemaryGabrielle 3 місяці тому
That woman totally changed my life for good. I have come across individuals but none is as honest as Mylah. So surprised you know her too.
@RosemaryGabrielle 3 місяці тому
*SHE'S MOSTLY ON TELEGRAMS APPS WITH THE BELOW NAME*
@RosemaryGabrielle 3 місяці тому
*EXPERT MYLAH*
@RosemaryGabrielle 3 місяці тому
Wow.. amazing to see others who also benefit from Mylah!!!
@ssolano7535 3 місяці тому
It's not just this administration. The US has been in decline for decades and it's accelerating. This is not due to one administration. It's due to maintaining the status quo neoliberal economics that both parties uphold.
@LizaJohnson-yz2wo 3 місяці тому
The incompetence and corruption that runs through this administration are getting more ridiculous. I feel for people with disabilities not getting the help they deserved. Anyone who is not investing now is missing a tremendous opportunity. I appreciate Maureen! Imagine investing $1000 and receiving $4,350
@MichaelGrant1312 3 місяці тому
Crypto is bringing a different revolution in the economy. People who are optimistic investors Earn consistent..
@Stevensonlouie 3 місяці тому
I would really love to know how much work you did put in to get to this stage.
@LizaJohnson-yz2wo 3 місяці тому
Maureen Toledo method is the best. Got her info on ABC News in December 2022 and started following her lead and it's favoring me. Lost my job in April 2022 and right now I'm back on top again as I always win with her strategy.
@MartinSanchez22115 3 місяці тому
PLEASE HOW DO I GET ON THIS???? How to reach her I'm interested🙏🏻
@LizaJohnson-yz2wo 3 місяці тому
SHE MOSTLY INTERACTS ON TELEGRAM!
@DeborahKettle-bs6du 3 місяці тому
I think people are going to default on car loans, credit card debt, mortgage's in such enormous numbers, starting in February as the Christmas spending comes due. Bankruptcy will overwhelm the courts. The repo man will be the only job that can't keep up!
@IS-jy3dx 3 місяці тому
sounds about right
@ronaldcambridge3126 3 місяці тому
Where did you buy your crystal ball? Maybe you should request a refund.
@Brad68303 3 місяці тому
Exactly correct!
@WeekendsOutsideFL 3 місяці тому
@@ronaldcambridge3126I believe he is right. It’s just the cycle. People bury head in sand and ignore the cycle
@Danger-fv2gz 3 місяці тому
Can I have some of that hopium you are huffing?
@jonathantaylor6926 3 місяці тому
There will 100% be a debt crisis… the problem is when. Don’t underestimate how long this system can churn.
@stevenshorten6184 3 місяці тому
It can churn for years.
@TheSuperdodgy 3 місяці тому
LOL What? Low unemployment, inflation coming down, company debt at an all time low, stock market recording a strong year. Stop listening to these "The Sky is Falling" click baiters. 2024 will be another solid year to invest.
@Kieran.Net_ 3 місяці тому
The race to the bottom never ends
@treasurethetime2463 3 місяці тому
They have so many tricks to keep the ball bouncing. It is futile to try and guess.
@echabbewal 3 місяці тому
Exactly. Next decade. Will keep going with debt moves to 60 T. Most of debt is domestic. Any fancy thoughts from BRICS will get crush in fro politics game. AI and robots will by that time take care of cheap services to keep standards high
@scarfo441 3 місяці тому
Did you see the opening of the video?!.. awesome..he states that he's not that good .that most of his predictions are wrong..wow..that takes BALLS to admit and now I will follow this man over the bridge..I love people who are grounded in reality..this man is grounded and doesn't get drunk off his own predictions..I recommend that you follow this person.
@Zt3v3 3 місяці тому
I work in the used motorcycle market and this past year I've been watching prices come back down to reality. It takes time though, there are a lot of people that don't "have" to sell, but as the people who do "have" to sell start to increase the supply, then prices start falling even for the folks that just decided to make a little space in the garage.
@samanthacallaway2276 3 місяці тому
As a hopeful prospective home buyer, I’m waiting to see what happens while I finish my degree. I got one year left and a $70k job lined up in timber. Houses are still to expensive right now in our area, but I’m curious as to what it’s going to look like in a year.
@kwmedia1 2 місяці тому
True that on motos.. seeing manufacturers offer deals on new bikes too to stay competitive.. I feel like motor are more responsive to customers.. older bikes gained a lot of value as car market went ridiculous on prices... I also think it will be better for bikers to invest in a moto due to gas and maintenance costs... bikes get u to work cheap... bought me one a few months ago jic.. and to go by beer on the back roads!!!
@TLC717 3 місяці тому
32:19 That's my life. 70-80 hrs per week. I feel like all I do is work and sleep. I can't keep up with anything outside of work.
@kevinsouza7744 3 місяці тому
Better off living in a car at that point.
@Educationsupport 3 місяці тому
@kevinsouza7744 I think about it😂. I don't think my family would like it though..
@nunya2954 3 місяці тому
@@Educationsupport Cut off all tv, get cheap cell phone plans, keep lights off. wash dishes by hand, dry clothes on a line. So what you will have to iron some, but dryers are HUGE energy consumers and keep electric bills way too high. A million ways to cut money spending, but people would rather work and complain
@soundmind192 3 місяці тому
@@nunya2954They just said they worked 70-80 hrs. a week. More manual labor at home is time consuming which they have little.
@j.jmcquade5278 Місяць тому
Was it like that before the Great Leftwing Reset of 2020?
@curiousgirl.4134 3 місяці тому
I love his comment about debt defaults going to “money heaven”. Also, he explained our economic system perfectly…it really is an illusion created and can disappear in minutes or reappear the same way. To me, having a paid off piece of real estate with a home on it with sellable assets is your best bet on weathering down turns in the economy mentally.
@dabda8510 3 місяці тому
And cash to pay the property tax.
@CarRepairScams 3 місяці тому
please provide a list of sellable assets - wanna kno🤔
@HoneyBadger80886 3 місяці тому
You are blessed.
@brodyllc 3 місяці тому
@@NYCHairgurureal estate, rare collectibles, monetary gold
@frankventimiglia4311 3 місяці тому
Can’t eat a house
@elorateq3672 3 місяці тому
I've been through two of these cycles. First one, in the 90's stuck in a tiny flat with 2 toddlers & negative equity - interest rate was 18% on the mortgage. We'd just bought to "get on the housing ladder" a few years before. Second was the 2007-8 crash. People having to sell up at a loss (again). So many City folks losing their jobs, or worse, and impacts rippling through to other companies, suddenly finding sales figures tanking. If I had to manage my finances differently over my life again, I'd overpay my mortgage, not spend on "stuff" that's "want" rather than "need" racking up credit card debt. I was lucky to have a good redundancy package to pay off some of that debt in 2008, but it was a hard way to learn a lesson. All it takes is losing your job, or falling ill. Whilst you can insure against it, often that only lasts a year. Better to prevent it in the first place.
@PatriOtsareinContrOl 3 місяці тому
Hello...... How prepared are you concerning the global currency reset and I hope that you have received your QFS currency?
@elorateq3672 3 місяці тому
@@PatriOtsareinContrOl Crypto is a gamble. One I'm not willing to take. Personally I'm more worried about energy costs, which have risen from less than 1/8th of my income to more than a quarter in under a year. So I'll invest in insulating my home before looking to move my (meagre) savings into anything that risky. And borrow/get second-hand a good book on growing my own food.
@PatriOtsareinContrOl 3 місяці тому
@@elorateq3672 there'd be a bank crash before the new constitution. Banking system will crash soon cash and all physical currency will be useless and outdated. Quantum financial system would be a breakthrough in the world of banking which will lead to the new era of banking, QFS will not be influenced by government policies, rather it will be entirely backed by tangible assets like iso coin which are XLM and XRP.
@PatriOtsareinContrOl 3 місяці тому
@@elorateq3672 Banks will go down soon and cash will be useless and outdated , you're recommended to convert your Fiat into the recommended quantum currencies (XLM/XRP) which will be the new financial system after the crush.
@tracymatthews9444 3 місяці тому
I just wanted to clarify your comment about student loan borrowers not paying down loans, when interest rates were at zero. The real travesty is that while interest rates were at zero for 10+ years, my $107K of student loans (Direct Loans…not private) averaged 7% APR, and the interest rate continued to increase annually.
@petermangano6206 3 місяці тому
The federal government owns your loan (something they created out of thin air). It's their biggest income production asset. It's not a travesty, it's a big scam and enslavement.
@Noworries-PU7ye 3 місяці тому
They're going to be cutting interest rates😅
@Noworries-PU7ye 3 місяці тому
@@petermangano6206I have no debt I never took out a loan in my life😅 I support President Joe Biden😅
@hollowgonzalo4329 3 місяці тому
@Noworries-PU7ye Two more weeks...
@jasonweishaupt1828 3 місяці тому
And most of them are undesirable woke liberal women with no man (husband) to bail them out. My wife is a debt free accountant from China.
@jvz28az 3 місяці тому
John Maynard Keynes “Keynesian economics” was wrong and Milton Friedman was right. If you want to look at where we are going, look back at The Weimar Republic, Germany. They went from an economic powerhouse to being forced to pay back their debts and printed money to do it. It led to hyperinflation and is the best example of this.
@mikeg2491 3 місяці тому
This is why I roll my eyes when people think it can’t happen here. Germany was not just an economic powerhouse but probably had the brightest minds in Europe at the time in their civil bureaucracy and look how they screwed it all up.
@JaceFalcon 2 місяці тому
Way too simplified logic. Just because it's the only recnet example you know about. Stay in your pay grade.
@jvz28az 2 місяці тому
@@JaceFalconI’m in my pay grade as well as my wheelhouse. I’ve studied and worked in multiple Fortune 500 companies in this field. Take your own advice here
@roycemcdougal9842 3 місяці тому
Why do we continue with Fiat currency when the US Constitution forbids this?? A Supreme Court Case in the Future ??
@Matthew_Loutner 2 місяці тому
Because there is not enough gold in the world to back a currency.
@greggrshepherd 2 місяці тому
@@Matthew_Loutner This is true with gold selling at the current pricing, which is why gold (and silver) prices are destined to skyrocket.
@up2lateca1 3 місяці тому
Thank you for this interview…
@JohnDaniels 3 місяці тому
"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented." -Sir Josiah Stamp, former Bank president
@rogerburn5132 3 місяці тому
The only reason this is happening is because 99 % of the population doesn't understand finance and if you try to explain they don't want to know. SO afcorse the Bankers and politicians together do as they like 😊
@JohnDaniels 3 місяці тому
@@rogerburn5132 100% Agree, maybe once things get bad enough they would try to figure out what is going on.
@bpb5541 3 місяці тому
The RV indicator is one of the least known of all the forward looking indicators. It works like this. When RV sales plummet, prices fall, and RV repos go up... this is an indication that the economy is not doing well regardless of what you hear. The RV indicator is also a very indicator of where the car market is going to go... and then Real Estate. See how that works?
@susanrocksvold534 3 місяці тому
Montagraph channel?🎉
@bpb5541 3 місяці тому
what is a Montagraph channel?
@susanrocksvold534 3 місяці тому
That's one of Montys sayings. "SEE HOW THAT WORKS" My be little Bombastic for you. He's on youtube though and that's the name of his channel
@Birdpoo777 2 місяці тому
it actually made me subconsciously think it through, whereas may be before I would not have. Nonessentials: RVs unless you’re homeless, then relative essential (car), then somewhat essential (house), then essential (food, necessary medical care and water)
@shannondavis5728 3 місяці тому
1960-1980’s manufactured homes aren’t worth $100- $250K!!!!!😳😳
@AlgonquinPrincess 3 місяці тому
That statement makes about as much sense as saying a site-built home, built in the '30's should be worth what they are today. Part of it is the devaluation of our dollar, or inflation. Really depends if the house includes land and what sort of improvements have been done. For all housing, it's location, location, location.
@rogerburn5132 3 місяці тому
Remember everything is worth as much as somebody is willing to pay whatever price for it😊
@pedros1 2 місяці тому
The value is not a home, the value is the area. You can buy a home in Cuba for $10K.
@living4christ 2 місяці тому
I bought a brand new beautiful mobile home in 1998 for $32,000. I bet today it would cost close to $100,000.
@ernestgonzalez7095 2 місяці тому
The speaker said it, again I hear this all the time. He said money isn't taught in school. The curriculum ultimately comes from the Government. The Government doesn't want money to be taught in school. Why? Because they want you to be poor, they don't want you to be rich, why do you think they are constantly saying spend spend spend. They want you to be in debt
@JamesTolerMusic 3 місяці тому
I enjoy your show and one thing as you say history repeats itself. I have been living in Hungary for the past four years and watching the inflation in Eastern Europe. As that country just celebrated its 1,000 th year of existence, it is hard for most Americans to wrap their head around that. Hungarians have seen the economy drop beyond what we have seen in America. And currently the Forint is trading at around 380 to $1….. it is not too crazy to see the USA falter maybe not to that level in our lifetime, but it is definitely on the mind of us watching. It would be nice to have some historical perspectives from once great nations, not to put fear in your listeners, but to educate them. I’m back in the USA now and purchased a home recently, but it took me 2 years and I found one at a discount as you know it is all relative to our needs. Thanks for the great info!! Bsst, James Toler
@setha360 3 місяці тому
Death spiral like Rome, the outer provinces of Rome did not know it fell till the tax collectors quite arriving.
@Arvolash 3 місяці тому
Terrifying
@inthevault9603 3 місяці тому
You know it’s all over when the government stops putting their damn grubby hands out for themselves. 😡🤡💩🚩
@robertcwalkeriii6267 3 місяці тому
Quietly: I'm getting tired of all this bad news ! I've done everything I know what to do. Truthfully, it may just be better to be absolutely dumb, & ignorantly irresponsible . YUK!
@robertcwalkeriii6267 3 місяці тому
Robert - Houston Texas
@deenibeeniable 3 місяці тому
What does "everything falls apart" MEAN. What does it look like, feel like. Bread lines? 50% unemployment? Dead bodies on the streets? People keep using phrases like this but they don't say what it "means".
@user-nu9zv9bq3n 3 місяці тому
No one elaborates. The only way to get a glimpse is to read the Mandibles by Lionel Shriver.
@yorsan2240 3 місяці тому
More likely possessions with debt could be repossessed if job losses get out of control
@samanthacallaway2276 3 місяці тому
Bread lines? Nah. You have to try and think about what modern day homelessness looks like. Living in cars, living with parents, showering at gyms, etc. it’s almost worse because you can’t outwardly see it.
@jamesbuchanan6040 3 місяці тому
He referenced 1930’s depression. So yes, bread/food/work lines. People dying on the streets (you realize we already have that across the country), no work or services beyond whatever skills you have to offer. Look at the rest of the world and accept we can be there in a heartbeat.
@gingerwillis1128 2 місяці тому
I'll ask my dog--she will know what to do.
@albertrodriguez4190 2 місяці тому
I feel sorry for our American kids. Work just got even more competitive. No breaks. Young adults are forced to move in or never move out. parents worse nightmare.
@Fightfortruth2024 3 місяці тому
I’ve been watching your channel for a little bit, and I am always impressed with the quality of your questions and the comprehensive knowledge of your guests. You’re doing the lords work waking people up, please keep up the good work
@kayak9078 3 місяці тому
Awesome guest! Along with Daniela this is another high quality person who always has my undivided attention.
@SachsRealty 3 місяці тому
Thank you 🙏
@davidmann2524 3 місяці тому
I used to like DMB until she said she idolized Henry Kissinger, might as well said he barely beat our Hitler and Stalin for her favorite person….gross. The elites in this country are so out of touch and why this empire is collapsing
@jayneweaver8695 3 місяці тому
John Rabino is the BEST! He always gives a great interview, Todd did a great job of asking and then letting him go. : O)
@AlgonquinPrincess 3 місяці тому
@@davidmann2524 yeah, I heard her mention him, too. Why? I mean, I'm older. He was famous for being a playboy, but the rest of it was always questionable. I don't believe he was a hero in his day. I guess I need her to expand upon her thoughts.
@ShinobiShaman 2 місяці тому
@SachsRealty They're going to hit us with a cyber attack, which will collapse the economy, & then, they'll roll out their digital ID, digital currency, social credit score, & UBI. That'll also begin the process of renting everything, from transnational corporations. Private property is going bye bye. Get ready, it's going to be a hell of a ride.
@nycarpenter 3 місяці тому
We are screwed. Debt is killing us and nobody cares....
@robertwalker5521 3 місяці тому
I care
@jonathandowning9733 3 місяці тому
The monitory system is all debt. The only way the system can survive is more and more debt in perpetuity. The debt will never be paid off because the system will collapse if the debt is paid off. Its the foundation of the flawed system. Bail-in or bail-ins is the next game.
@brucekliewer2623 3 місяці тому
The whole world is screwed. The 1929 world wide crash brought the Japanese and German expansions which cause WW2.
@william1863 3 місяці тому
I care ; CALL ON CHRIST JESUS AND JESUS OUR CHRIST WILL SAVE YOU. ❤️🩹😞✝️💖🥲
@robertwalker5521 3 місяці тому
@@jonathandowning9733 'monitory' and 'monetary' are very different from each other.
@william598 3 місяці тому
Thanks for the variety of guests and their information, including historical views. Currently repairs to older house, making it comfortable, safe, sustainable with fruit trees 🌳.
@ozzyseyal8339 3 місяці тому
Amazing information… Thanks a bunch!
@altondrew 3 місяці тому
Thanks for this video, Todd. You have a great down to earth style of interviewing. John Rubino's insights are always straightforward and clear. Great interview.
@timlanger6330 3 місяці тому
Best interview this channel has ever produced
@thomasmorrison3279 3 місяці тому
This is the best interview you have had on your UKposts site so far. Keep up the good work. Just look at Venezuela for devalued money.
@MsJNix 3 місяці тому
Not paying your credit card is stealing. If you spent that money, you pay it back. There are too many dishonest people in this world and it will only cause more problems for us in the future.
@TS-rd7oy 3 місяці тому
Agree. I would never want to live with that unethical behavior hanging over my head. I wouldn't feel right
@promx96 3 місяці тому
thats whats taxes are lol
@hotfightinghistory9224 3 місяці тому
Tell it to every corp that runs up its credit then declares bankruptcy.
@mrm7309 3 місяці тому
What about charging 29% interest?
@Firehorse39 3 місяці тому
We’ve loved John for years! John and Melody best guests!
@PatriOtsareinContrOl 3 місяці тому
Hello...... How prepared are you concerning the global currency reset and I hope that you have received your QFS currency?
@S1lky805 3 місяці тому
This is the best interview I’ve seen on this channel since I’ve subscribed.
@shirleybarker5265 2 місяці тому
Amazing interview,it confirmed something I have seen coming !! Thank you ❤
@frankrobertolsvik6988 3 місяці тому
That was a great interview! Thanks. All the best from spain
@PatriOtsareinContrOl 3 місяці тому
Hello...... How prepared are you concerning the global currency reset and I hope that you have received your QFS currency?
@rogermenendez4052 3 місяці тому
But if they lower the cost of servicing the debt, that will encourage them to take on more debt!
@simonyoga7514 3 місяці тому
Thanks for sharing. Great Presentation
@sandramcbratney4668 3 місяці тому
Best real world explanation for Real People who may not be totally apprised on today's economic situations Everyone should be. Very informative and pleasantly hosted, as well!
@user-zt4et6kl4h 3 місяці тому
The flexible money statement made at 16:25 is totally how I have felt for years but did not have a way to articulated it. I call it FUC#ary.. You do an awesome job, thanks for having John on!!
@user-ru9nl5wr7i 3 місяці тому
Excellent video! I ❤listening to John. 👍🏽👍🏽👍🏽
@kashbonds5658 3 місяці тому
🤙🏽Great interview!
@beautifulsunrise6881 2 місяці тому
This was amazing. Thank you!
@bradw2k 3 місяці тому
Todd, I have been finding your interviews very valuable, thanks so much for sharing. I had not heard of John Rubin before, but this seemed like a totally level-headed overview of where we are in an unprecenteded global debt cycle that is about to flip into crisis.
@NHLinda4455 3 місяці тому
1. Rubino analysis is excellent. 2. Sachs is a superb interviewer with both industry/economic knowledge and great critical thinking Skills.
@annagreco7470 3 місяці тому
Hyperinflation will create desperate times by design, which will usher in the cbdc.
@rogerburn5132 3 місяці тому
Venezuela and Zimbabwe Hyperinflation Weimar Republic Hyperinflation in the 1920. CBDC is the same Fiat currency but digital Nothing more. and strictly controlled
@eljefe5858 3 місяці тому
@@rogerburn5132but it turns all deposits at fed assets no liabilties. So they can suck cash out of the system to control inflation.
@stefanonbekend8177 3 місяці тому
Will not happen
@rogerburn5132 3 місяці тому
@@stefanonbekend8177 Venezuela and Zimbabwe. Were thinking it will not happen to but it did
@stefanonbekend8177 3 місяці тому
@@rogerburn5132Some day there will be a default of the national debt.
@MrColoradorealtor Місяць тому
Awesome info guys , thank you 🙏
@Martha-op1fb 3 місяці тому
I had to buy a floor cutter for some laminate waterproof flooring to put in the house . They were out of the cheap ones had one left and I looked at it and I looked at the one that was almost twice as expensive and it looked so much better and it was also made in the USA. So I bought it and it works like a charm. Very heavy duty Cuts 45 degree angles goes right through that laminate flooring like it was butter and I'm glad I made the purchase. It will not only do my house but a couple of friends houses too. So we are going to share it. People have forgot how to share things but as long as nobody gets greedy and tries to keep something then all will work out well. I have found out that sometimes the most expensive part of the job doing it yourself is buying the tools. I also looked around for waterproof laminate flooring and Samsung an hour away at a place that sells mostly laminate flooring in a big Warehouse they had tons of it add over half the price off of what they would sell it to me in the Quad Cities in Davenport Iowa
@curiousgirl.4134 3 місяці тому
Nice analogy of the Fed! He has a great talent with his word play to help common people understand exactly how everything works. Good interview and I called the 2008 crash as well and got out of the mortgage biz in 2006 knowing where it was heading. I also agree with it being an election year, it happened with Trump. I was shocked to see rates go as low as they did and knew it was going to bite us in the butt in the future which it has. According to the WEF they have said cuts will occur these next 6mos but because of being accused that it is being used in an election cycle that it won’t continue.
@JasonAldeann-bt4xf 3 місяці тому
They arent cutting rates .. higher for longer
@asmaehichou9363 3 місяці тому
If banks give money to their favorite clients in time of easing .Those clients await restrictive times and buy all the real estate so the real estate goes up and the non favorite clients go to the bank and loan money at high cost .Money obtained cheaply . The favorite clients and the banks win , I loose :( Thanks for comprehensive explanation
@donnab3183 3 місяці тому
Such an excellent interview, clear & concise explanations. Thank you both.
@briancutsinger 3 місяці тому
Great Rubino!🌞
@josepp4evr 3 місяці тому
42:58 I believe is wise and helpful to dedicate a video or a series of videos talking about that prep that is needed to overcome situations like this bc I’m kinda if that stage already and of course a little bit more of information would provide me with a better understanding of what to di next. Thank you for all the effort you put into these videos!
@glenjones4009 3 місяці тому
Watch Mike Moloney money vs Currency, series of 10 videos, it's a good start.
@campbellfalls7430 3 місяці тому
Great work, great information ty.
@alabamashagreen2106 3 місяці тому
Absolutely Awesome!!!Great show Great Gueat!!!!
@joannewolfe5688 3 місяці тому
A really great interview.
@chrislastnam6822 3 місяці тому
Senior citizens should rent their big houses instead of selling them. Many people will live to 90 and inflation will destroy money they get from selling their houses
@kwmedia1 2 місяці тому
True. But get a management company or property manager.. or they risk getting bad tenants and losing money...
@chrislastnam6822 2 місяці тому
@@kwmedia1 That's a waste of money if you just own one house. In the neighborhood where my house is located 4000 sq ft houses rent for $15,000 unfurnished and $18,000 furnished . Many people rent out their houses and don't have problems with tenants. There are exceptions to every rule but in general if you rent upscale houses to affluent people they take care of the house and pay the rent. They also have maids to keep houses clean. Don't be a slumlord.
@pedros1 2 місяці тому
@@kwmedia1management company will eat all their profits 😅
@alexandralov1 3 місяці тому
Thanks, Todd. Love listening to John Rubino - knowledgable and well spoken.
@stephaniec.2520 3 місяці тому
John Rubino has a very clear, coherent way of speaking. Thank you for this fine interview. I am an older woman who is a housewife. My husband & I eat Eggland's Best eggs because of the extra omega 3 etc in them. I recently went to Kroger intending to buy them while there. Your average conventional dozen eggs was something like $1.60. I was stunned that Eggland's Best were priced at something like $6.80 a dozen so there you go....
@Gamesso1slO0l 3 місяці тому
Great Discussion, well done guys
@ILoveAnchovies334 3 місяці тому
I appreciate his honesty about a wealth tax. It’s not that it won’t work, rather the system is too corrupt to implement it.
@BradKwfc 3 місяці тому
Just think if you're a business owner and the gov says your making too much money, we're taking it. Well guess what, prices just increased. You can't tax the rich they'll pass the increase to the consumer every time. Also, some of the rich today provide jobs to thousands of people, all who pay taxes so essentially they are not only providing jobs but those jobs are paying taxes and the product they produce also produces more taxes.
@soundmind192 3 місяці тому
Your seeing the trees but not the forest. Govt. corruption is the cause of the mess. Shall we wait for a solution from the ones who intentionally created the problem?
@Lbop223 3 місяці тому
How did Roosevelt do it then? It's not impossible....if we ever want our way out of this it's the only solution
@samanthacallaway2276 3 місяці тому
@@BradKwfcWe did it for decades until Reagan…
@gisellew5555 3 місяці тому
Great interview! Scary reality heading our way.
@thetkofficialshowfeaturing445 3 місяці тому
This is my first time watching your channel, and it was very informative. It was a great interview, and some interesting comments to add to the topic.
@moretoliving2236 3 місяці тому
13:50 Countries are not "choosing" to use dollar because its safe. Countries are forced to use dollar because this is what USA has forced them to do. Nobody voluntarily uses another country's currency to trade with anyone else unless there is exterior force being applied (convenience or force major). In regular speak, if Kazakhstan wants to trade with its neighbor China... they do so in dollars because 1 country on other side of planet 6000 miles away can influence geopolitics and tell the "cool kids club" to issue sanctions against that country. Those countries comply because of perpetual loop of 1 country on entire planet basically running the world itself in that way. Creation of Briggs basically removes any influence whatsoever from USA onto rest of the planet and its military might will dwindle into oblivion when country itself collapses. These things take decades and centuries and the rest of the world who is much older than USA by magnitude of thousands of years knows that when they play their cards right... empire will fall without having the need to make it fall. It will collapse from within just like the rest did over time and rest of the world is simply preparing now to what is going to happen in the future.
@ryanwhitley9789 3 місяці тому
USD is backed by murder for hire mercenaries.
@patasalada2726 3 місяці тому
Finally someone who got it and sheds some real light on this issue.
@user-nt1zv8ic5m 3 місяці тому
side point. The US Navy's main purpose was to enforce the use of the US Dollar
@donnahill758 Місяць тому
Thanks. Hard to know how to plan now. Staying out of debt is my goal. I had planned on buying another two family near Boston but I think I will wait a while longer.
@user-bj3qp4cu9k 2 місяці тому
Distress of nations with perplexity (no solutions)...men's hearts failing them for fear of the things coming upon the Earth, for the power of the heavens will be shaken...
@rykedo4 3 місяці тому
Rv, in tn. There's thousands of people living in campers and rvs waiting to find a home they can afford. Kind of a forced rv living. May end up being a blessing when the market crashes and the rv'ers can use their cash to buy up the homes.
@terrillmel 3 місяці тому
Unfortunately this is the opposite of what he's saying. He's saying anybody who's been saving dollars is going to be screwed. And anybody who owns, the asset owners of the country, are going to see their wealth go up exponentially.
@s99614 3 місяці тому
Because all those people living in RVs are sitting on piles of cash?
@truffleturkey7 3 місяці тому
It’s sorta like the chicken or the egg. Which bad way does the system break. No one knows for sure, other than it’s going to be bad.
@stevensosebee7452 3 місяці тому
I'm one of the people that sold my house at the height and bought an 5th wheel rv just waiting it out worst case I'll just buy land and build a house
@truffleturkey7 3 місяці тому
@@stevensosebee7452 you might have done the right thing or buying a house may become even more unaffordable for years, decades?, to come. Gamble either way. Good luck.
@johngundaker3312 3 місяці тому
I believe John Rubino! Thank you for bringing this content to our country and world! Lack of confidence by those who live outside of America is probably enough to tank the current currency.
@DrawnInk1 2 місяці тому
This is so so good, very well explained.
@petermilne1203 3 місяці тому
Excellent insight. I’d just be relieved to get on with it so we can get over it. No more kicking the can!
@marilynh5487 3 місяці тому
❤Thanks ❤
@stephenaichner1091 3 місяці тому
Great info. From the perspective of a mortgage broker, I find John's assessments to be insightful and accurate.
@justmyopinion9883 Місяць тому
Thank you for sharing this educational conversation. I have learned so much here.
@Ryan-sl2oe 3 місяці тому
Great podcast. Very informative. Thank you.
@paulcody8973 3 місяці тому
Thanks for your vid’s! So nice to see somebody in real estate that is t the typical perma-bull. Data matters… and its pretty messed up right now. When the yield curve un-inverts… look out…
@susanrocksvold534 3 місяці тому
Ha, seen George Gammon white board videos the last yr showing its inverted 2 times, but the talking heads have ignored it, or use word sald to change the definition 🎉
@paulcody8973 3 місяці тому
@@susanrocksvold534 but it’s different this time…!
@Glenintheden 3 місяці тому
Fiat currency is not necessarily so new. Right here in the US, President Lincoln famously issued the Lincoln Greenback; a debt-free fiat to help pay for the Civil War in the 1860's. While the Greenback did lead to significant inflation while in circulation, it was also successful at stimulating the economy by not only paying for the war, but also by acting as a QE for the people. Even earlier, the US issued the Continental; another fiat currency. While the Continental did fail, it only failed because the British, in an act of war, engaged in mass counterfeiting of the Continental, leading to its almost total devaluation. But such a counterfeiting could also occur with a gold backed currency; an enemy could just turn on their printing presses, printing out their enemy's currency with the words on it that it can be turned in for gold. Such gold-backed currency would then be just as worthless as mass counterfeited fiat paper currency.
@PatriOtsareinContrOl 3 місяці тому
Hello...... How prepared are you concerning the global currency reset and I hope that you have received your QFS currency?
@LadybugsDesign-tg2yj 3 місяці тому
Excellent analytical perspective and super knowledge on the economy!
@michaelporter261 3 місяці тому
Excellent questions, and giving John time to answer. Well done.
@frenchfred3 3 місяці тому
but let's not talk about the fact that the highest tax bracket went from 70% to 37% and that the top1% of the population used to take 8% of the total US income is now taking more than 25%. Amazing to me that some people still continue with the same rhetoric that the problem is the government when surge in inequalities have ALWAYS created problems.
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