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Top Three Videos – December 5, 2023

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This is a MUST-Read...

Bob Moriarty: The World's Financial System is an Accident Waiting to Happen

Palisades Gold Radio...

Summary

 

The world’s financial system is at risk and individuals should consider investing in hard assets like gold as a hedge against potential chaos and instability.

 

Global Financial System Vulnerabilities

 
  • “We live in a fantasy world. Now reality has been destroyed. This is the time that you really need to pay attention.”
  • The conflict between the debt-based system of the West and the resource-based system of BRICS and the global South is a major concern.
  • “It wouldn’t take much for it to go nuclear that scares out of me I I know just enough about war that nobody wins.”
  • The banking system has one foot on a banana field and the other foot in the grave.
  • The world is at a very dangerous time in history, especially in the financial system.
  • The world’s financial system is an accident waiting to happen, and cutting off the oil supply could pull the plug on it.
  • The world’s financial system is an accident waiting to happen.
  • The Chinese banking system is a disaster waiting to happen with trillions of dollars in loans at risk and the shadow banking system admitting to having no money.
  • Most derivatives are interest rate based, and when interest rates change, someone is losing a lot of money.
  • Gold is an insurance policy against Financial chaos, and having reserves in gold or silver will be rewarded handsomely.
  • Lowering interest rates to near zero is like pulling the pin on a hand grenade, the financial system is heading towards an inevitable explosion.

How to Escape Mediocrity and Mental Illness - The Road Less Traveled

Academy of Ideas...

Summary

 

Enduring legitimate suffering and exerting joyful self-willed effort is the way to escape mediocrity and mental illness.

 

 
  • Despite the capacity for self-transformation, most people choose to stay stuck in mediocrity, risking mental illness.
  • Our tendency to avoid problems and the emotional suffering inherent in them is the primary basis of all human mental illness.
  • Enduring the legitimate suffering of accepting and solving our problems is the only way out of neurotic suffering and mental illness.
  • Friedrich Nietzsche used suffering as a catalyst to eradicate harmful habits, finding back-doors to escape from permanent habits.
  • The suffering of Christ and the joy of Buddha letting go are one, showing the paradox of greatness.
  • Laziness is not just about the number of hours spent working, but also about the fear that holds us back from our spiritual evolution.
  • True happiness comes from voluntary effort in the service of personal growth and meaningful goals, not from maximizing time in passive leisure activities.
  • Enduring legitimate suffering and exerting joyful self-willed effort is the way to escape mediocrity and mental illness.

Michael Pento: "Look Out Below!" - Stocks So Overvalued Phase 2 Of Bear Market To Hit Soon

Thoughtful Money...

Summary

 

Michael Pento predicts a crash landing for the stock market in 2024, followed by stagflation, due to unprecedented high valuations and unsustainable debt levels, leading to potential economic collapse and insolvency of the US financial system.

 

Market Analysis and Predictions

 
  • “The Russell 2000 is down 27% since November of 2021, and the 6040 portfolio which includes bonds.”
  • “You’re either an asset gatherer and a salesperson or you are a market strategist and let your results speak for themselves to gather assets for you.”
  • Michael Pento believes that 2024 is going to be the year where the wheels come off for the stock market.
  • Michael Pento uses facts from the Department of Labor to support his analysis of the overvalued stock market.
  • Michael Pento predicts a crash landing next year, followed by stagflation, due to unprecedented high valuations and unsustainable debt levels.
  • “I think that we see an asset price crash that surprises most of us which could even in my opinion could even roll into deflation.”
  • The market should be at 1,800 or below to produce 8% returns, indicating a potential 70% decline from the top.
     

Economic Indicators and Debt Levels

 
  • Global debt is now $300 trillion, which is 350% of global GDP.
  • The outcome of a Fiat monetary regime is a massive debt overhang that forces a decision between letting unproductive debts default or inflating away the currency’s purchasing power.
  • The gravitational forces of debt demand that a depression occurs because there’s two parts of the puzzle when you take interest rates down below 1% for 11 of the past 14 years from 2008 to 2022.
  • The market is heading towards both inflation and deflation at different times, leading to stagflation like we have never before imagined in this country.
  • 100% of tax revenues are going to go to pay the debt by 2040, and with an economic contraction or stock market crash, along with a housing market crash, the whole wealth effect historically is going to come on.
 

Financial System and Asset Valuations

 
  • The entire US Financial system is insolvent right now if you take their assets and mark them to Market.
  • Interest rates going well into the double digits on top of massive bubbles in real estate and the stock market are untenable.
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