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Top Ten Videos – February 5, 2024

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This is a MUST-Read...

Peter St. Onge: Living Beyond Our Means: The Doomspending Epidemic! (Jan.30 2024)

Wall Street Silver...

Summary

 

Many Americans are living beyond their means, with high rates of financial anxiety and doom spending, leading to a lack of savings and impacting the economy and society as a whole.

 

  • “Almost 1 in four Americans have literally zero savings at all.”
  • Nearly half of Americans say they don’t have enough money to afford the basics like food, clothing, and rent.
  • The younger generation is giving up on building something for the future, with high rates of doom spending and financial anxiety.
  • The prime age for starting a family has shifted to the prime age for indulging in luxury vacations.
  • Living beyond our means has led to a doomspending epidemic, impacting the economy and society as a whole.

Matthew Piepenburg: Gold Is Priced in U.S. Dollars For Now, But Those Days Are Numbered (Feb. 3, 2024)

Kitco News...

Summary

 
 

The US dollar’s dominance in global trade is being challenged by countries like China and Russia, leading to a gradual erosion of its purchasing power compared to gold.

 
  • The US dollar, along with all major currencies, has lost 95 to 98% of its purchasing power compared to gold since 1971.
  • The days of pricing gold below its real value in the US or London exchanges while it’s higher in the Chinese or Russian exchanges are numbered.
  • The dollar’s hegemony is being challenged by countries like China and Russia, leading to a gradual erosion of its dominance in global trade.
  • The dollar gets so neuter compared to Gold because of all the inflation and debasement of the currency.
  • If America is printing out $20 trillion in US treasuries and there’s no buyers for it outside of the US or outside of the FED, the world will have to print money, ultimately debasing the dollar.

Lacy Hunt: Prepare For Recession, The Fed's Optimism Is Wrong (Feb. 1, 2024)

Thoughtful Money...

Summary

 
 

The US economy is facing a potential recession due to high inflation, consumer debt, declining income, and other serious economic issues.

 

Concerns about the US economy and federal policies

 
  • Lacy Hunt believes that most major economies of the world are in recession, despite some positive indicators in the US.
  • The federal budget deficit has absorbed all private and foreign saving, leading to a situation where the standard of living will continue to decelerate as we go forward in time.
  • The potential for hundreds of thousands of job losses per month could be a real GameChanger in the current economic downturn.
  • Excessive monetary excess leads to excessive risk-taking and weaker credit standings for corporations, potentially leading to a wave of corporate debt maturing this year.
  • The evidence shows that monetary and fiscal policy is making the extreme economic conditions greater, not moderating the business cycle as intended.
  • Lacy Hunt’s concern for the eroding prosperity of the majority of the American populace is a rare and important perspective in economics.
     

Impact of high inflation on recession

 
  • “High inflations lead to recessions and that process could play out for a long period of time.”
  • The tremendous increase in debt last year poses a significant challenge and could lead to a prolonged period of high inflation and potential recession.
  • The Fed’s optimism is wrong, as there is too much money chasing too few goods, leading to a potential recession.
  • Lacy Hunt warns of a potential recession due to too many goods and too little money, leading to falling inflation.
  • Negative national savings rate has preceded a recession every time since 1929, indicating a potential contraction in the economy.
     

Consumer spending and debt

 
  • The consumer has been spending well beyond their means, subsidizing GDP by bringing down savings rates to historic lows and financing their lifestyles with increasingly expensive revolving debt.
  • Inflation robs almost everyone, but it robs the modest and moderate income households the most, leaving the vast majority of people terribly harmed.
  • “We have lost more than 60% of the rate of growth in per capita income in the last 20 years.”

Doug Casey: Envy and Elon's $55B Court Loss (Jan.31, 2024)

Doug Casey's Take...

Summary

 

Envy is a destructive vice that is prevalent in society, but there are reasons for optimism in advancements in technology and society.

 

  • Envy is different from jealousy, it’s the legalization of Vice.
  • Envy is really an ugly ugly Vice, it’s all over American society.
  • It’s cause for optimism to see a totally devastated country like Russia advance so far in 20 years, despite a terrible system.
  • Elon Musk’s ambition to colonize Mars and his willingness to take risks in space exploration is admirable.
  • The implantation of Neuralink surgically in bodies’ brains opens up lots of possibilities for disabled and paralyzed individuals, as well as the potential for quantum computing to make computers several orders of magnitude more powerful and smaller. 

Charles Nenner: 2024 Market Cycles & Economic Insights (Jan. 31, 2024)

Financial Survival Network...

Summary

 

The stock market is predicted to reach a longer term top with continued record highs, while potential threats from Iran, Russia, China, and North Korea should be taken seriously, and it’s important to work with market cycles and invest in inflation protection.

 

  • The impact of cycles on markets and economies is often underlooked, yet they continue to have a significant influence.
  • The market cycle turning down will make everyone suddenly realize how bad the situation is, even though the facts were already known.
  • If you think things don’t move at random, then you should try the Cycles.
  • Charles Nenner doesn’t think the news is relevant to market predictions, focusing only on price movements.
  • The market cycle interpretation can override the impact of news on stock prices.
  • Loss of confidence in the US is not good for the dollar in the longer term.
  • Inflationary expectations are building on top of the inflation we had before, so people are still feeling it in their pocketbooks.
  • The housing crash is predicted to happen in 2024 due to a cycle of 18 and a half years, causing institutional investors to start selling their properties.

JP Sears: Go Back to Sleep Or We'll Put You To Sleep! (Feb.3 2024)

Awaken with JP...

Summary

 

The algorithm controls what people see and think, and there are various issues in America that need to be addressed, including immigration, censorship, and mental health.

 
The story of immigrants entering the country illegally and receiving free housing and food highlights the controversial issue of border security and immigration policies.

Alasdair Macleod: Central Banks Taking All the Gold (Jan.31, 2024)

Liberty and Finance...

Summary

 

Central banks are accumulating gold to get out of paper currency, which is losing its purchasing power, and this trend could lead to a sharp increase in the price of gold by the end of the year.

 
  • The planned end of the bank term funding program could lead to another round of concerns about the global banking system.
  • Alasdair Macleod highlights the potential dangers of geopolitical tensions leading to extreme actions like bombing the Hormos Straits.
  • Central banks taking all the gold is a fascinating trend to watch in 2024.
  • The paper Market may become more volatile in the very short term due to the actions of central banks and bullion bank trading desks.
  • The central banks are accumulating gold to get out of paper currency, which is losing its purchasing power.
  • “You could see gold price by the end of this year moving very very sharply upwards.”

Radio Rothbard: A Texas-American War? (Feb.1, 2024)

Radio Rothbard...

Summary

 

There is a growing resistance at the state level, particularly in Texas, against federal authority and policies, leading to potential conflicts and discussions of soft secession.

 

  • The governor of Texas feels that the migration across the border is uncontrolled and not screened for crime or associations with cartels, causing concern for residents.
  • The federal government’s inaction at the border has led to Texas implementing its own policies, defying the Biden Administration’s orders.
  • The migration wave includes people from all over South America, making it a large and impactful movement.
  • The federal government’s control over immigration is a controversial issue in the US, with states facing resistance when trying to limit migration.
  • 🤔
    The idea that the federal government should control migration was an invention of the 1880s and afterward, not a constitutional mandate.
  • Some politicians are acknowledging the validity of concerns from the “magga” movement, despite not aligning with their views.
  • The scars of anger and frustration inflicted are not going to go away simply if Trump wins in 2024.

 

Grant Williams: Gold Falling, Uranium Running, and The End of the Everything Bubble (Jan. 24, 2024)

Resource Talks...

Summary

 

It is a good time to invest in commodities like gold and uranium due to the current financial challenges and potential central bank gold buying, as well as the potential impact of global conflict on investor portfolios.

 

Geopolitical Implications and Financial Markets

 
  • Central banks are buying gold in response to geopolitical tensions, indicating the importance of owning the asset itself and well-managed uranium companies.
  • The current political upheaval is creating an incredible moment that hasn’t been seen since the late 70s.
  • The next fourth turning was predicted to begin around 2008 and likely begin with a financial crisis, which aligns with the events of the 2008 financial crisis.
  • The current crisis presents new options and potential outcomes that will dramatically affect investment portfolios.
  • The next seven years are likely to be of a magnitude greater than what we’ve experienced, not worse.
  • “I think there’s a good chance that inflation comes back.”
  • The everything bubble is not just about all-time high prices, but about assets trading at artificially inflated values, confusing price with value.
  • The everything bubble has burst and the focus is returning to value rather than price, causing corrections in overvalued assets like AMC.
  • The important thing about gold is not its price, but its ability to maintain your purchasing power during times of crisis.
  • The US freezing and potentially confiscating Russian Central Bank assets has significant implications for the global reserve currency system and the vulnerability of dollar reserves.
  • The fact that central banks are buying gold is a sign of increasing weakness in the system and a sign of vulnerability of the US, and it’s not going to stop anytime soon.
     

Societal Rebuilding and Investment Opportunities

 
  • The cleansing period of societal rebuilding after people get sick of corruption and poor politicians is an incredibly good time to be around.
  • The loss of faith in institutions and the stock market is necessary for people to seek a better way of doing things.

Commercial Real Estate Collapse Just Beginning according to my Model! (Feb. 2, 2024)

Michael Douville...

Summary

 

The commercial real estate market is on the verge of a collapse, with prices dropping, high vacancy rates, and significant devaluation of properties, prompting investors to consider moving their investments to states like Florida, Texas, or Arizona.

 

  • The real estate market collapse is just beginning, according to my model!
  • The commercial real estate collapse is just beginning, with peak one and peak two indicating a significant downturn in the market.
  • The average median price in Phoenix is $430,000 and continues to go down, indicating a potential commercial real estate collapse.
  • The collapse of commercial real estate is just beginning due to people working from home and the implosion of central cities.
  • Buildings are sold on income, but with the work from home phenomenon, making income from commercial real estate is becoming increasingly difficult.
  • The collapse of WeWork and the loss of $50 billion in value raises questions about the future of commercial real estate in the wake of the work from home phenomenon.
  • The commercial real estate collapse is causing prestigious locations to sell for a 75% haircut, signaling the beginning of a major economic shift.
  • $700 billion in commercial debts set to default probably this year because we have trillions of dollars in these office complexes.
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