Top Three Videos – January 12, 2024

The global economy is facing a looming crisis due to massive debt, potential currency collapse, and increasing inequality, leading to potential civil unrest and drastic responses from the population.

Global Debt and Monetary Policy

• Massive global debt may make it difficult to fix the economy, even with easing and quantitative easing measures.
• The lesson learned from cutting interest rates is that they cannot go back up again, and massive currency pumping and running deficits lead to double digit inflation.
• Negative interest rates and a big jump in the money supply may lead to a crackup boom scenario, where people dump the currency and buy real stuff, causing inflation and a collapse of confidence in the economy.
• Japan’s government would be flat out bankrupt if interest rates go up, leading to an immediate currency death spiral.
• The potential for a broader Middle East war and conflict with China over Taiwan is a looming threat that could escalate emotionally and intellectually.
• The potential confiscation of brokerage accounts and savings could lead to widespread civil unrest and a declaration of war on those with resources.
• The possibility of civil unrest and resistance in the event of a major financial collapse and government overreach is a real concern.
• The best gold and silver miners could be five Baggers, while the lottery ticket type companies in that space could be 10 Baggers, completely changing your financial life.

   

Financial Crisis and Unemployment

• People are struggling to afford their lives despite historically low unemployment, indicating a looming crisis.
• The official jobs numbers appear to be distrustful, and the economy is heading for very rocky times in the not too distant future.
• Civil unrest is a normal part of a gigantic financial crisis, and we may see more drastic responses from the populous as people feel like the system is not working for them.
• Populism is what happens when people are impoverished and debt impoverishes you, that’s just what it does.

   

Economic Inequality and Aristocracy

• The modern economy is creating a divide where the rich get richer while the majority struggle to afford basic necessities, leading to a modern version of aristocracy harvesting the peasants.
• Most major policies are designed not as a bug but with as a feature to enrich the already rich and impoverish everybody else.