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Top Ten Videos – July 8, 2024

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Jonathan Newman: Tackling More of Robert Reich’s ‘Economic Myths’ (July 5, 2024)

Human Action Podcast...

Summary

 

The current economic and political systems in the United States perpetuate inequality and privilege, leading to unearned wealth and opportunities for some while disadvantaging others.

 

  • Some use their political influence to get changes in laws, regulations, and taxes that benefit themselves and their corporations while harming those who don’t have this kind of influence.
  • The most important predictor of someone’s future income and wealth in the United States is the income and wealth of their parents, with 60% of all wealth being inherited.
  • The fallacy of comparing the income of a pitcher in the major leagues to that of a school teacher, highlighting the misunderstanding of how markets work and employee compensation occurs.
  • Money printing and central banking cause distortions and unearned income, leading to undeserved wealth.
  • The concept that hard times create strong entrepreneurs, and the subsequent generational decline in family businesses, raises questions about the impact of privilege and upbringing on success.
  • Jordan Peterson’s belief that high IQ and high conscientiousness lead to higher pay is controversial and thought-provoking.
  • The fairness of workers getting paid according to their contribution doesn’t work if what they’re contributing to is socially destructive and not voluntary.
  • Corporate political donations are not free speech, they are bribery, leading to the largest system of legalized bribery in American history.

Lance Roberts & Adam Taggart: "Massive Deviation" Between The Markets & The Economy (July 6, 2024)

Thoughtful Money...

Summary

 

The speaker emphasizes the massive deviation between the markets and the economy, warns of potential market crashes and negative average returns, and encourages caution and informed decision-making in investment.

 

  • The massive deviation between the markets and the economy is not sustainable, and a bigger correction may be on the horizon.
  • The question to answer is what’s going to change the dynamic to where passive investing isn’t going to work over the next decade.
  • The reversal in monetary policy by the FED has had a dramatic impact on the markets, leading to valid points for debate.
  • “Passive investing has surpassed active management. You have so much money piling into passive ETFs. It just keeps fueling the markets.”
  • We need to be prepared to react to a sentiment shift, as it can happen faster than most people imagine, impacting the big players on Wall Street and trillions of dollars in the markets.
  • The bigger the deviation from the 200-day moving average, the stronger the gravitational pull for prices to come back towards that moving average.
  • “We have this massive deviation in the markets from what’s actually happening in the economy, and that’s important because the earnings that we’re all trading off of comes from economic activity.”
  • The economic composite index is at levels historically aligned with Fed rate cuts, which are coincident with a recession, indicating a potential upcoming market correction.
  • “I’m pretty sure that we’re going to start to see interest rates start to Trail off back towards that 4.2% level which is about where it should be relative to economic growth right now.”

Rafi Farber: Imminent: Panic In The Bank System (July 6, 2024)

Liberty and Finance...

Summary

 

The banking system is facing a potential crisis, and individuals should consider purchasing precious metals as an alternative to traditional currency.

 

  • The cycle of quantitative easing and tightening leading to banking crises is a concerning pattern.
  • The wider spread between the Federal Reserves balance sheet and Bank Reserves is a sign of a finite system that cannot keep doing the same thing.
  • The regulators are allowing banks to take out more debt by buying junk bonds without the requisite capital requirements, potentially leading to a financial crisis.
  • Whenever you have a monetary system based on growing debt, if you stop growing that debt, you will crash – a pattern seen in historical financial crises.
  • Home prices are going up even if there are no transactions, because people are holding onto their mortgages and renting out their houses instead of selling them.
  • The Yen’s weakness is connected to the entire fiat currency system, with the dollar being the last currency to fall.
  • Japan’s potential dumping of treasuries could have a catastrophic impact on the global financial system.
  • The convergence of political, monetary, and war-related instability is approaching, creating a sense of impending crisis.

JP Sears: What Democrat Overlords Were Like After the Debate (July 6, 2024)

AwakenwithJP...

Summary

 

Democratic leaders are considering replacing Biden with Gavin Newsom as a presidential candidate, focusing on factors like looks, diversity, and potential campaign slogans, but there are concerns about Newsom’s ability to beat Trump in the polls.

 

Catherine Austin Fitts: Who Is Behind the Fireworks this July 4th? (July 5, 2024)

The Solari Report...

Summary

 

The controversy surrounding Julian Assange’s publications and the demand to destroy unpublished materials raises questions about freedom of the press and censorship.

 

  • Julian Assange made a deal with the doj to gain his freedom by pleading guilty to certain charges.
  • The controversy surrounding Julian Assange’s publications and the demand to destroy unpublished materials raises questions about freedom of the press and censorship.
  • The Department of Justice used taxpayers’ money to punish the person who helped cost Clinton the election.
  • Julian Assange and Wikileaks did not publish all the emails they have, leading to speculation about the contents and potential impact on democratic donors. 

Bob Moriarty: Economic and Political Free Fall (July 4, 2024)

SilverBullion TV...

Summary

 

The US is facing political and economic turmoil, with potential conflicts and wars escalating, and the need to save and accumulate real assets in the current economic and geopolitical environment.

 

Geopolitical and Economic Instability

 
  • We live in interesting times, that is an understatement for sure.
  • Climate change is a tool used by the oligarchs to enforce the world economic forum and turn the rest of us into slaves.
  • The fifth largest bank in Japan is selling 63 billion dollars in government bonds, signaling a big economic free fall.
  • NATO and the US stand to gain absolutely nothing from the Ukraine war, while being directly responsible for the deaths of close to a million Ukrainian soldiers.
  • The United States attacked Nordstream 1 and Nordstream 2, blowing up three out of the four pipelines to prevent Germany from relying on cheap natural resources from Russia.
  • “We’ve got a war in Gaza which is absolutely genocide and Criminal. In every meaning of the word.”
  • The world is becoming more divided, and the rise of China as a global economic power is affecting the US dollar and gold.
  • An insurance policy against financial chaos are we headed for financial chaos.
     

Shift from Paper Assets to Real Assets

 
  • “There’s a shift between paper assets and real assets and there’s a move I I don’t view gold or silver as an investment and I own a lot of gold and I own a lot of silver.”
  • Buying real assets is a form of saving, not paper assets, as trillions of dollars in paper assets are at risk of evaporating.
 

Jim Rickards: If They Pull This Plug Right Now, There Will be a Reckoning Upon Us (July 5, 2024)

Jim Rickards...

Summary

 

The globalist versus nationalist divide is shaping the world’s opportunities and challenges, with potential consequences for the global financial system and the status of the US dollar as a reserve currency.

 

  • The globalist versus nationalist divide is a much better way to understand what’s going on in the world.
  • Ray Dalio warns of a potential clash between extremists on the right and left in America if Biden drops out of the presidential race after the debate.
  • Nationalist versus globalist is the right way to think about where the opportunities lie and the nationalists are winning.
  • “I’ve been suggesting people read a book by Annie Jacobson called nuclear war brand new bestseller easy to find read that book you won’t sleep but you’ll learn a lot about just how uh how destructive and how dangerous nuclear war is.”
  • China is creating its own version of the IMF and soon will have its own currency with a gold reference, potentially challenging the current global financial system.
  • The unsustainable trajectory of annual deficits and projected baseline deficits could lead to the downfall of the dollar as a reserve currency.
  • The process by which the BRICS currency will gradually displace the US dollar as a trading currency is already underway, and there may come a time when the dollar loses its status as a reserve currency.
  • Setting a lower price for gold would be highly deflationary and could lead to a new Great Depression, as seen in the mistake made by Churchill in 1925.

Rick Rule and Ross Beaty: Warrants vs Options and is the Market Overfunded? (July 4, 2024)

VRIC...

Summary

 

Investors can make significant gains in the speculative mining industry by backing the right companies, but there is an overabundance of money and stock issuance in the industry, leading to market liquidity meeting illiquidity causing brutal cycles.

 

  • The difference between an option and a warrant is who gets it, and issuers regard warrants as dilution.
  • “Options are inefficient as well. So I say out with them all.”
  • Rick Rule describes the Junior market as overfunded, regardless of how scarce the entrepreneurs and investors may feel capital is.
  • The resource industry is like a casino, with the potential for 10 or 20 baggers, attracting speculative investors.
  • The flood of liquidity often meets illiquidity, causing brutal cycles with no liquidity in many names, and too many promoters and names.
  • If you work hard in junior mining, you can impact the odds and align yourself with a deposit that has the potential to be a tier one deposit.
  • “The sector is overfunded, it’s nobody’s fault but the investors who are overfunding entrepreneurs who don’t deserve capital.”

Doug Casey: Civil War Is Coming, says Dalio. Plus: What Young Men should do, Elon Musk, Liberland, Sark, & more (June 28, 2024)

Doug Casey's Take...

Summary

 

There is a significant risk of civil war in the US, and individuals need to consider their options and responses to the potential societal upheaval.

 

  • According to Dalio, there is a greater than 50% chance of a civil war in the US, regardless of the outcome of the elections in November.
  • “Civil War Is Coming, says Dalio.” – This prediction of a civil war is unsettling but worth considering.
  • “There’s now a greater than 50% chance that after the elections there will be a Civil War in one form or another.”
  • Liberty is seen as a danger in the pursuit of safe spaces, challenging the concept of progress and leading to inequality.
  • The values associated with Western Civilization, such as free speech and private property, are severely damaged and under attack.
  • The possibility of the human race breaking into subspecies that may not be capable of meeting with each other in the future is a thought-provoking concept.
  • The vision for Sark and Liberland is intriguing and I wish them success in their endeavors.
  • The US is like a T-Rex running around the world thinking it can destroy anything and do anything that it wants, with military bases and wars everywhere.

Yvonne Blaszczyk: China, Russia, and the Golden Currency Debate (July 5, 2023)

Financial Survival Network...

Summary

 

The shift in global power dynamics and opposition to current financial systems will significantly impact the rising price of gold.

 

  • The shift from west to east and opposition to the current financial systems will have a significant impact on the rising price of gold.
  • “The ability to Mint your country’s currency is probably the largest power that most governments have over their populace.”
  • There will be trading alliances economic military alliances and all those things will create the pressure on currencies and also huge opportunity for gold.
  • People are not only sitting on the Titanic, but also investing in it after being told it’s sinking.
  • Experts live in silos and don’t want to breach the status quo, hindering progress and innovation. 

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