"America Is About To Crash Into A Brick Wall"- Wealth, Rising War, AI & Elon Musk

"America Is About To Crash Into A Brick Wall"- Wealth, Rising War, AI & Elon Musk | David Friedberg

Рет қаралды 466,322

Күн бұрын

Thank you to today’s sponsors:
Netsuite: Get the flexible financing program bit.ly/ImpactNetsuite
Ground News: Go to bit.ly/GroundImpact and you can get 40% off unlimited access this month
Aura: Two free weeks here: bit.ly/3KJd7mC.
In this episode of Impact Theory, I’m joined by David Friedberg, a self-described “extreme optimist” who believes that capitalism - specifically entrepreneurship - is the fastest way to improve human productivity and potential, unlocking a more abundant and sustainable future for all.
Today we’re getting into the economic challenges the U.S. face, specifically the risks associated with high debt relative to GDP, and how excessive taxation to service this debt can stifle investment and have lasting detrimental effects on economic growth.
We explore the transformative potential of gene editing, including promises for agricultural advancement and just be the answer to sustainable nutrition for a rapidly growing global population.
We also examine the balance between technological progress and regulatory oversight, the societal divide over adopting new innovations, and how AI could redefine creativity and productivity.
If you're serious about innovation and understanding the future of our economy, you won’t want to miss this episode.
CHAPTER MARKERS:
[0:00] The Unsustainability of the U.S. economy
[54:32] Impacts of innovation & deflation
[1:12:17] Is the cost worth the trade off?
[1:50:18] Rejecting or embracing technology
[2:21:43] Conflicts, politics & fact-based debates
POWERFUL QUOTES FROM DAVE:
"So the government is a customer of many businesses or employing many people that end up working directly for the government or under government programs."
"Things are going to inflate because there's more dollars to spend on stuff and the cost of things will naturally go up."
"We face another critical problem right now, which is a very serious negative view on technology. And I do think that the majority of people don't necessarily think about, if you say the word technology, there's a more negative association with that word than positive."
"So everything about what appealed to people starting in the seventies, as represented out of Disneyland and Tomorrowland was all about technology goes awry, and we have to return everything to a natural, organic state."
"We worry more about loss than we care about gain."
"At any given moment, there is the potential for war, okay, at any given moment, there is someone out there talking smack about the United States, there is someone out somewhere out there instigating, launching stuff at a base. There's always some instigation."
"War historically has driven a lot of shifts in economic productivity. It has driven a lot of growth in aspects of the economy that need to be stimulated."
"In El Salvador, they put all the cartel members in prison and made bitcoin a national currency."
"There's a lot of these kind of social policies that get wrapped up, many of which we could dissect. Is the cost worth the trade off? And some would argue, yes."
Follow David Friedberg:
Website: www.tpb.co/
Twitter: x.com/friedberg
Podcast: www.allinpodcast.co/
Follow Me, Tom Bilyeu:
Website: impacttheoryuniversity.com/
X: / tombilyeu
Instagram: / tombilyeu
If you want to dive deeper into my content, search through every episode, find specific topics I've covered, and ask me questions. Go to my Dexa page: dexa.ai/tombilyeu
Themes: Mindset, Finance, World Affairs, Health & Productivity, Future & Tech, Simulation Theory & Physics, Dating & Relationships

Пікірлер: 2 000

@TomBilyeu 23 күн бұрын

WARNING: I will NEVER ask for your contact info in the comments section, that is someone impersonating me!

@johnq1926 23 күн бұрын

Would give it to you instantly if you ever did!! 🥰🤩 l Love your stuff! Keep it up brother!!

@HKashaf 23 күн бұрын

@@johnq1926thats exactly why he said that

@elmerallen620 23 күн бұрын

Bill Clinton didn't show anything about balancing the budget. It was Ross Perot. People are not open for a third party party.

@lppoqql 22 күн бұрын

Generally speaking David Friedberg is a well balanced person.

@alanmrsic893 22 күн бұрын

In Gold we Trust!

@AugustusKarl75 2 күн бұрын

“HOW I GOT WEALTHY” steps below...

@AugustusKarl75 2 күн бұрын

The first step to attaining wealth is figuring out your goaIs and plans - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financial growth over the years and enjoy the benefits of managing your finance.

@AugustusKarl75 2 күн бұрын

I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire nxt yr.

@AugustusKarl75 2 күн бұрын

ELIZABETH GREEN HUNTS

@AugustusKarl75 2 күн бұрын

Get to her with her name..

@AndrewMarcos1 2 күн бұрын

Good I got here. Big Thanks

@themilkman7367 23 күн бұрын

Your vote means nothing in when lobbyism is legal. This guy keeps talking about voting, and thinks there is a democracy, when the cold hard truth is there is no democracy.

@thesequelvintage 23 күн бұрын

The illusion of choice is the greatest weapon for the rich.

@luizmonad777 22 күн бұрын

there is democracy, it is working exactly like all democracies always worked. a system is what it does. what you're seeing isn't a failure of democracy, but its purpose, its working precise as it should.

@willl7780 22 күн бұрын

1000% correct...all we can do is buy gold and silver and waite

@themilkman7367 22 күн бұрын

@@luizmonad777 Let me be clear. There is NO democracy. Your vote doesN'T matter. Why? Because Mr. or Mrs. Lobbyist comes along with a big sack of cash or cash equivalents and tells those "elected" people to do what they want. Simple as. You can "vote" for who you want, but your "vote" will never supersede monetary compensation.

@millennialfalcon7291 22 күн бұрын

There's no future without transparency and responsibility ... all I see is corporate greed/corruption multiplying every God given yr! And it goes globally ... scary af

@stacyliddell5038 22 күн бұрын

As Milton Freidman said: "When you spend somebody else's money, you don't care how much you spend, because it's not yours."

@dmo7815 19 күн бұрын

The Department of Education is administered by the United States secretary of education. It has 4,400 employees - the smallest staff of the Cabinet agencies[5] - and an annual budget of $68 billion.[6] The President's 2023 Budget request is for $88.3 billion .

@jakeforrest 19 күн бұрын

Milton Friedman talked about the four different ways of spending money. 1) you spend somebody else’s money on somebody else - you don’t economize and you don’t seek highest value. 2) you spent somebody else’s money on yourself - you don’t economize, but you do seek highest value. 3) you spend your own money on somebody else - you economize, but you don’t seek highest value. 4) you spend your own money on yourself - you economize, and you seek highest value

@jakeforrest 19 күн бұрын

kzfaq.info/get/bejne/jtmCnpyDuc6rpGQ.htmlsi=9VBabMV8IbBg0U7i

@stacyliddell5038 19 күн бұрын

@@dmo7815 yep, they just continue to print, tax and spend. The entire budget is now $7 trillion. Crazy.

@XZH-le4cx 19 күн бұрын

Our Government is a reflection of the people (we the people) yet in denial of a perpetuating problem of endless debt, 🤔…

@jfaulk5717 20 күн бұрын

Inflation is vicious regressive taxation on the poor and middle class.

@aspensulphate 14 күн бұрын

I think of it more as _theft._

@bradj229 23 күн бұрын

Federal Reserve prints money = no problem. Citizen prints money = counterfeit felony. Got it 👍🏻

@whiteorchid60 23 күн бұрын

Highway robbery. Does anyone see problem with printing $? (Rhetorical) Nothing is free. In the end, we pay for it all. We are not being helped, it's an illusion. We're paying for the printing of $. No wonder we are where t are in prices!

@BB_Icee 22 күн бұрын

I learned that when I was 11... do more research

@bradj229 22 күн бұрын

@@BB_Icee You're a savant man. Amazing!

@vickikenton5439 22 күн бұрын

Print food, not money. Hatch quail, take their fertile eggs in 6 weeks and incubate them for more quail who will lay more eggs in 6 weeks!

@willl7780 22 күн бұрын

What's realy sick is rich people and china making crap loads of money on treasury bills...driving up our debt and making a ton of money while we get skrewd

@dannybrown5205 23 күн бұрын

Tom you need floating floor mics. When you clamp them to the table, everything someone's hand hits the table our speakers pick it up

@t3r083 22 күн бұрын

Seriously can’t believe at this point his audio quality is so mediocre

@dannybrown5205 22 күн бұрын

@t3r083 I'm sure he wears many hats. Just needs an obsessive perfectionist on his team looking at these things. Surprised nobody has caught that yet. Perhaps his people have gotten comfortable. The fear has faded away.

@alicassidy8913 22 күн бұрын

Drove me crazy in my headphones

@lowlines3239 22 күн бұрын

agreed. time to get pro, the thuds gotta go.

@IJustHitTheFan 22 күн бұрын

clamping to table is fine, if they're suspended in a "flloating box", which they are not

@mitziehammons315 19 күн бұрын

The problem is the Government is not "giving" the American working class anything. We were forced to pay into the programs and then the Government spent it all knowing people were going to eventually have to be paid back.

@kenjo3045 19 күн бұрын

Friedberg is my favorite of the All-in group. He speaks when he has something valuable to contribute and does not bother with useless trivia. Please never leave the Podcast, it would be nothing without you

@seanpierre1338 16 күн бұрын

My favorite is jason! Always has intelligent and important things to say, and has really good predictions

@jonb32oz 23 күн бұрын

$30 Trillion in debt… but weve got hundreds of billions for Ukraine and Illegal immigrant benefits.

@skippy6086 22 күн бұрын

Federal "leaders": Supply more weapons for other nations and start more wars? Yes. Help struggling citizens? No way!

@user-xp5id1kh4r 22 күн бұрын

We haven't even given them $200 billion yet... so, no... we don't have hundreds of billions for them yet. Not that that matters anyways, an extra 200 billion on 30 trillion is literally fractions of a single percent of debt increase... AKA, basically unnoticeable. If you actually cared about the US debt, you'd name something that actually matters and drastically affects US debt like social security or Medicare/Medicaid or half a dozen other federal programs that actually affect the US's federal debt count. But, of course, you don't care about things that actually matter, because you're trying to make a narrative that we're spending "insane" or "ridiculous" amounts outside of the country on things that don't affect Americans, and that that's why we're in such a tough financial spot.

@noseyparker6969 22 күн бұрын

@@user-xp5id1kh4r Plus it's closer to 35trillion.

@bhindigosh1 22 күн бұрын

Don't forget money to israhell

@kyle6781 22 күн бұрын

@@user-xp5id1kh4r200 billion JUST to ukraine.. look what we give NATO yearly, WHO, and aid to the dozens of other countries. I'd guess all our foreign aid and NATO bills equals over 500B yearly.

@Rob1066- 22 күн бұрын

I grow vegetables for myself to make "stuff.". Ordinary people producing stuff at home, and not being heavily extracted by gov and by BlackRock, is sustainable. All these suburban lawns should be haying for horses and other livestock, and ultimately, the horse manure, adds to soil fertility. You see invasive vegetation everywhere that has to be landscaped. All that unwanted vegetation can be fed to goats, or cut straight to garden mulch. Growing vegetables is a soul remedy to the high fructose corn syrup dystopia.

@E_Clampus_Vitus 16 күн бұрын

Seriously folks, food shortages are heading our way. Grow your own food 🍲

@domokun845 15 күн бұрын

High fructose corn syrup giving me gout is real.

@faithsrvtrip8768 14 күн бұрын

I agree. I hate lawns. I'll know it's bad in the US when HOAs let people dig up their front yard to plant food and let them have chickens in the back yard. Ask North Koreans how well people survive on grass. Answer? They don't. Grass and hay are animal feed, only.

@griffinsdad9820 12 күн бұрын

Imagine the massive potential cottage industry from turning lawns or whatever parable land or even vertical garden boxes into food gardens! The cascade of awesomeness to our environment and ourselves is mind blowing

@E_Clampus_Vitus 12 күн бұрын

@@griffinsdad9820 Self watering containers are legit too. Great for water conservation.

@kenjo3045 19 күн бұрын

The problem with Monsanto is not about altering seeds, it's the ownership of the seed source which is the problem. They have the potential of owning the food sources

@countrysister700 18 күн бұрын

Heirloom seeds. Vacuum sealed and or freeze dried

@erinl1730 17 күн бұрын

there's a problem with altering the seeds also to withstand pesticides. And yes patenting life, is not a good policy.

@dr.MadisonSoley 22 күн бұрын

borlest forbidden money books (thank me later)

@DeplorableKulak-vp8ej 23 күн бұрын

THIS IS WHY I WERE FOUNDING FATHERS DID NOT WANT COMMUNISM OR A CENTRALIZED BANKING SYSTEM. ALL POLITICIANS ARE CROOKS 😡☝️😊

@willl7780 22 күн бұрын

Without fiat currency we would not need a central bank...central banks are the real empire killers

@vt6020 22 күн бұрын

Communism didn’t exist at the time of the Founding Fathers.

@tzardelasuerte 22 күн бұрын

Lol communism in the time of the founding fathers? Read a book.

@alicassidy8913 22 күн бұрын

Woodrow Wilson

@vt6020 22 күн бұрын

Communism didn’t exist at the time of the Founding Fathers, and the Federal Reserve is centralized banking.

@user-rc2xs5ti2w 23 күн бұрын

How about food not being able to produce infertile seeds for GMO plants? Farmers produce plants and are left with no seeds. Farmers then have to buy the seeds and become dependent on these people. They become disempowered and not free to produce their own seeds. I think it’s incredible that they didn’t touch this issue that is totally connected with the FREEDOM to control your own seeds.

@enotdetcelfer 23 күн бұрын

Farmers need to stop making a deal with the devil for higher yields then. GMO is a freak that outcompetes what would normally be a supporting ecosystem. Buy some portion normal seeds and start rebuilding organic stock before it's too late. Population is going to decline naturally soon right? We don't need to push GMO into unsustainable land then. We need to start thinkin transition and sustainability across the board.

@crandonborth 23 күн бұрын

As a farmer… not true. First of all corn does not produce its own seeds as corn is not an actual species of native plants. If humans stop planting corn, it would become extinct in about three years. As for soybeans we we buy seed as it’s tested and treated to repel bugs from eating the seeds in the ground and you’re not even supposed to grow your as you need to introduce new genetics into your stand every year.

@AlexofCharmCity 22 күн бұрын

You might want to read about what this man is doing with his company today. Your question is his whole life each day with his current job.

@vvvvxxxx9999 22 күн бұрын

There isn't equal opportunity. Not even close. The poor have increased regulations costs and hidden taxes. The 'successful' are not providing living wages. That is the issue. The earnings really aren't all theirs. Corporate ' persons' without any social obligations. Meanwhile they regulate the crop out of me with hidden taxes.

@vvvvxxxx9999 22 күн бұрын

It's ok. Their children will live here. One way or another the wages will be paid. That is a promise!

@marshallbean3459 22 күн бұрын

His assessment that politics is run by advertising free stuff to the voters seems inaccurate to me. It's more like a political candidate appeals to the interests of powerful donors to fund their campaign, and once the powerful donors have picked their candidates, the regular voters are left to choose between a handful of corrupt options.

@legacychase3702 20 күн бұрын

I enjoyed this talk much more than the past 2. Great job. It felt like less persuasion and more education. Solid ✊️

@joshhoodrat451 23 күн бұрын

A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years. These nations have progressed through this sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to apathy; From apathy to dependence; From dependence back into bondage. - Alexander Fraser Tytler 1747-1813

@mpvmenon 23 күн бұрын

Great comment!

@joshhoodrat451 23 күн бұрын

@@mpvmenon “A society that puts equality - in the sense of equality of outcome - ahead of freedom will end up with neither equality nor freedom. The use of force to achieve equality will destroy freedom, and the force, introduced for good purposes, will end up in the hands of people who use it to promote their own interests.” -Milton Friedman

@Jack_Parsons666 22 күн бұрын

...and then Argentinians elected Milei. I'm not as big of a fan boy as these rich guys are, but I'm willing to wait and see how he does.

@chiragmehta8212 19 күн бұрын

So true. Wish we could break this cycle. Too bad america will fall like this.

@maverickbull1909 17 күн бұрын

We’re at apathy and dependence. Next up: bondage

@jab342 22 күн бұрын

What happens if you vote somebody in and the person ends up being a liar and does exactly the opposite of what they campaigned on? That's what happens all the time. So, voting is not the answer because people change all the time. They're coerced they're bribed, they're blackmailed. There's all kinds of reasons.

@kellyname5733 22 күн бұрын

Your describing our political system today and for the last 50 years

@alicassidy8913 22 күн бұрын

They tell us one thing and do another

@MrManny075 22 күн бұрын

You have to look at Congress and the Senate to see voting is a BS scam many of them are older guys who have been in their seats for decades and guarantee a win all the time,

@intentionalinfluence3542 22 күн бұрын

They should have to actually submit proposal ma to the public, we approve them & then if they don’t follow through they go to jail. You should go to jail if you promise the public one thing and do another. Oh wait, that would imply accountability.

@Questioneverything982 21 күн бұрын

You have three choices and two have them have already run the government so you know what they will do which has put the US where it is today! So the only choice is RFK Jr which is going to give the country back to the people.

@VitalityExpress 22 күн бұрын

Great conversation. Thanks for letting us listen in. Here’s to life-long learning from the very best for free.

@Icarianbrother 22 күн бұрын

The government raided the Social Security Insurance fund. The government won't negotiate lower drug prices with drug companies, because drug companies buy our politicians with campaign contributions. The guest failed to mention this.

@JE-bd3wu 22 күн бұрын

Please explain in detail how govt raids social security funds. When you fail to do so please reconsider whatever source told you that and learn how to make better decisions in your life. it's truly embarrassing for humanity.

@Icarianbrother 21 күн бұрын

@@JE-bd3wu George W. Bush White House Archives- How much has the government taken from the Social Security fund? The Government Has Borrowed $1.7 Trillion From The Social Security Trust Fund. The government has borrowed the total value of the Trust Fund to pay for other government spending.

@RhettAnderson 21 күн бұрын

Social Security didn't start with a loaded trust fund. The fund (there are two funds, one for disability and one for retirement) goes up when there is a surplus in payments in vs payments out, and down when there is a deficit. The money being paid into the system goes to the people getting paid by the system. I think people misunderstand the trust funds. They are just a buffer. There isn't a pile of cash in the funds. There are government obligations. So, really, it's not separate from the money printing problem. It's part of it. "Raiding" isn't what most people think it is in this case.

@stoicvoyager6545 18 күн бұрын

@@JE-bd3wu Social Security ran surpluses for many years, the money was supposed to be put aside for population increases in the future (now). But instead of putting it aside they rolled it into the general funds so they could give tax cuts to the rich. The truth is that social security and medicare pay for themselves and aren't the problem. It's actually you that's ignorant here and an embarrassment to humanity.

@carlkligerman1981 17 күн бұрын

He also failed to mention that corporate welfare is a far bigger drain on the public purse than all social programs COMBINED!

@dentman67 23 күн бұрын

There's one thing you can always count on. These extremely rich guys always blame the middle class and poor for the countries financial issues.

@TrueLife.. 23 күн бұрын

Yeah these people are full of shit

@pdcdesign9632 23 күн бұрын

THEY ALWAYS USE THE "PULL YOURSELF BY THE BOOTSTAPS" NONSENSE. MANY PEOPLE DONT EVEN OWN BOOTS.

@jarvanwildrift8056 23 күн бұрын

Correct biggest companies tax about 10% and they also invest to avoid tax on profit.

@LegalAutomation 22 күн бұрын

@@jarvanwildrift8056Corporations don't pay taxes. Humans pay taxes. Corporate taxes should be abolished.

@kellyname5733 22 күн бұрын

@@LegalAutomation corporations dont pay taxes. C'mon get up to speed.

@Greycat1973 23 күн бұрын

Dear Nerd Bro, Nobody CARES about how much money you have. WE WANT HOUSES. We want to own a home that we can pass on to OUR KIDS. The Middle Class is DONE in America.

@charlielee3945 23 күн бұрын

You can have one Go buy land and go build your house People are so out of touch. You think what’s going on since 1950s was the “American dream” lol you were sold a lie by bankers wake up You are a completely dependent, low economic productivity. The bankers don’t care to sell you anything anymore You need to go buy LAND to pass down not a “house” you didn’t even build that’s shit to begin with

@pdcdesign9632 23 күн бұрын

Not just any house, affordable and in a decent location. Don't fall for that trap.

@DailyPragmatism 23 күн бұрын

This truly is about 95% of what matters today. Very complex in terms of what is driving costs and unaffordability, but the main problem is simple. Until costs plunge by 50%+, the American dream is legitimately dead. I don’t see how more politicians don’t see this aside from being completely out of touch.

@buy.to.let.britain 23 күн бұрын

i dont work to own nothing. only a slave does that.

@buy.to.let.britain 23 күн бұрын

they want your kids to rent off them. why would they change that ?

@MathStatsMe 16 күн бұрын

Indeed, it is the variety of opinions and approaches that makes All-In so valuable to me. So glad you're there, Friedberg! Great interview.

@tobytilsed5333 22 күн бұрын

Printing money during COVID was a catastrophe that transferred wealth in terms of real assets from the poor to the rich

@mwilliamson4198 21 күн бұрын

It was mainly the lockdowns that did that. The "money printing" certainly contributed to greater income inequality indirectly by driving asset markets higher. Some people like Raoul Pal argue that the ongoing currency debasement is mainly done in order to offset the demographic issues that plague not only the US but all industrialised countries.

@tobytilsed5333 21 күн бұрын

@@mwilliamson4198 what would those demographic issues be precisely?

@AS-cv8dc 20 күн бұрын

Covid. What a joke.

@tobytilsed5333 19 күн бұрын

@@mwilliamson4198 I'm waiting

@E_Clampus_Vitus 16 күн бұрын

Largest transfer of wealth in human history ✡️

@davidlloyd1526 23 күн бұрын

Same argument that has been rehashed for the last 50 years in the US.

@johnbuckner2828 23 күн бұрын

Here is what AI had to say about SS 50 years ago: “The 1974 amendments to the Social Security Act addressed these concerns by increasing payroll taxes and benefit adjustments. These changes helped ensure the program's solvency for several decades.”

@matthewsmith2362 23 күн бұрын

Well get SS in 30 years but it’ll be 2600 a month and the cost of a studio will be 6000 a month.

@johnbuckner2828 23 күн бұрын

@@matthewsmith2362 I was thinking the same thing, and I’m glad I have my house paid down. Probably the only thing that will save me.

@kellyname5733 22 күн бұрын

@@johnbuckner2828 Your paid of house or anything else will be taken by our Govt. 'You will own nothing and be happy'.

@johnbuckner2828 22 күн бұрын

@@kellyname5733 rentals, subscriptions, cbdc, ubi, 5 monopolistic global corporations, but restrictions on my soda size & travel distance.

@Cmdr_DarkNite 23 күн бұрын

He say he is a single issue viter but then don't mention RFK Jr, the only man speaking about the National Debt. Why do people ignore Independents and 3rd party? Its frustrating. "Its a wasted voted".. No it is not if everyone votes Independent or 3rd party. That would start with people like him promoting 3rd party..

@Mastermindyoung14 23 күн бұрын

$hare Holder$

@garythecyclingnerd6219 23 күн бұрын

Because if you actually care about national debt, just vote Dem. Republicans blew up the debt. Clinton had a surplus which Bush blew on the GWOT, the Great Recession, and tax cuts. Then Obama spent his entire presidency reducing the deficit every year in office and was on track to be paying it down. The Trump blew it up again and Biden has spent his presidency reducing the deficit again, and using quantitative easing to reduce the money supply. Anyone who cares about the national debt and votes Republican is unserious

@TOMReefer 23 күн бұрын

I get frustrated too

@HateIncorporated 23 күн бұрын

Definition of an independent- You can choose between a or b. Independent: "we want to choose c."

@lennomenno 23 күн бұрын

Because we’ve been hearing how the national debt is going to implode American civilization for eons now and nothing, besides inflation,ever happens.

@Mike95lude 12 күн бұрын

This is one of the best discussions I’ve ever listened to. Thank you! 👏 👍

@alexcampo305 11 күн бұрын

Yes, well said. We hang on to every word you say @fridberg. Your word is the most cherished on the all in.

@user-yq4yp7hz3z 22 күн бұрын

This is awesome, I always want to hear more of Dave’s points on All In. He is definitely the highest signal person on that pod.

@EricJGonzalez 22 күн бұрын

Speaking of GMOs like they don't come with strings attached is very misleading. Just look at Monsanto and how aggressively they pursue royalties from their breed of rice. If you plant and grow their roce seed, your field essentially belongs to them. That's not to say nothing of the unknown health concerns stemming from GMO foods.

@populisttrope9385 22 күн бұрын

He was an executive at Monsanto

@user-xp5id1kh4r 22 күн бұрын

After their contracts ends, they can always stop using Monsanto's seeds and go back to old varieties... but, there's a reason why the average farm doesn't.

@YoungBlackTrep 22 күн бұрын

@@populisttrope9385sold his company for 1B to Monsanto

@BusyAir 22 күн бұрын

I've read that stray seeds that blow into neighboring farmland then become Monsanto's, too.

@altdoom5205 21 күн бұрын

@@user-xp5id1kh4r Once you plant GMO, the land can no longer support natural.

@davidrowewtl6811 22 күн бұрын

Such a good guest. Keep bringing me wise men and women like David, to listen to and I will be sooo happy. Thanks!

@dscopes 16 күн бұрын

Great interview. I really appreciate you both for sharing your thoughts and time on this subject.

@vanneistat 22 күн бұрын

Please fix the mic so guests can freely thump the table without us hearing it. Lots of boom booms in this very important and valuable podcast.

@ghost9-9ghost 22 күн бұрын

Why is a few extra noises a problem? You can't focus with any level of external sound other than the voice?

@stephensaucedo6295 22 күн бұрын

@@ghost9-9ghostthey cannot obviously if they felt so compelled to spend the time to post a comment about it.

@ghost9-9ghost 22 күн бұрын

@@stephensaucedo6295 yeah...and that's sad....how screwed up does someone's brain need to be that they can't handle the slightest audio imperfection?

@alicassidy8913 22 күн бұрын

He did it constantly throughout the podcast.. I had to take my headphones off

@cleanerclimate278 22 күн бұрын

Only in reading this comment did I start noticing it - 😂

@Banmuyuan 22 күн бұрын

Federal reserve is not federal, it's private bankers. The US government borrows from the federal reserve and pay interests to those bankers.

@mwilliamson4198 21 күн бұрын

Yup. The most recent one is the myth that the Fed is independent of the Treasury. Which is another myth that is quickly dying

@E_Clampus_Vitus 16 күн бұрын

It’s not federal and there are NO reserves! 😂

@Cire-my6ur 19 күн бұрын

Watches this all the way thru, it was so much more interesting than I thought it would be. 👏 Thank you

@OOOOrelax 20 күн бұрын

Absolutely fantastic!!! I could be listening him for hours and hours.

@dt8921 23 күн бұрын

I’m curious as to why in the first 5 mins Tom mentions Trump and Biden and how neither is giving a plan to stop the spending yet he did not mention Bobby Kennedy who has mentioned in his campaign all the issues he’s going to fix including the spending.

@garythecyclingnerd6219 23 күн бұрын

Except Trump massively increased the deficit and Biden massively cut it. Under Obama, we had steady economic growth, low inflation, and the deficit reduced every year. If he had a 3rd term, we would be paying down the debt.

@Mastermindyoung14 23 күн бұрын

@@garythecyclingnerd6219 Biden is on track to break Trump's atrocious inflation record. Biden is cooked. Fighting over those 2 is absolutely INSANE

@jullian2598 23 күн бұрын

@@garythecyclingnerd6219 the last two presidents had increased the deficit by more than all previous presidents combined and its pretty much half and half. Federal spending has not slowed down but the growth of the real economy has and the farther the two separate the more apparent the issues will be.

@FibbonachiCrusader 23 күн бұрын

@garythecyclingnerd6219 this is a fantasy. I am not a fan of Trump, but no where does the data indicate we would be 'paying back' the debt if Obama's policies had only been extended 4 more years. He would have had covid to deal with, and would have turned on the money printer, jacked inflation and increased the rate of dollar debasement. Trump is incompetent, but neither Biden or Obama were fiscally responsible.

@zyzzer 23 күн бұрын

@@garythecyclingnerd6219I've heard some insane lies in my day but this comment is probably top 5 now. You're either benefiting financially from these lies or you're just so ignorant of reality you must Biden is doing a "great job"

@scottpulver 19 күн бұрын

Note, Tom is a GREAT listener. People in leadership positions that are affective are great listeners.

@ihpbarber7798 20 күн бұрын

Best and easy to understand explanation about how inflation works. Well Done!

@volakis1966 21 күн бұрын

The success of Amazon is a little more complicated than that, especially if you know anything about their policies in regards to affiliated seller sites, exclusivity deals with manufactures, noncompete, clauses, etc., etc..

@KatharsisderWelt 22 күн бұрын

I would argue that benefits given to people in this country are very neglible in comparsion to spending on non-sensical wars.

@brainchildguru 20 күн бұрын

You’re actually completely wrong. We spend TRILLIONS a year on entitlements. We spend under $1T on defense.

@CleanPowerAuto 23 күн бұрын

For productivity to increase we have to actually produce stuff here in the US. Tangible stuff, not just GPT chat bots.

@ClarkBuckner 17 күн бұрын

Cool interview. Might I suggest though to please use a shock mount for the guest microphone to reduce that boom tap sound on the desk?

@thebeautyofcorephysics7546 18 күн бұрын

This guy is a great mind. Thank you for bringing him on. David is so intelligent, versatile and a language genius.

@kcf7710 23 күн бұрын

Great explanations, thanks for this

@volakis1966 21 күн бұрын

Improved productivity is great, but not if it’s priced to gouge people. If corporations expect 20 % and 30% margins on a yearly income cycle, all the productivity in the world is not going to solve the problem. The problem is greed. Corporate greed, wanting to make 20 to 30% or more per year as an average gain is criminal when wages are stagnant or effectively at a net negative growth in relation to inflation.

@juneinsightfully 17 күн бұрын

Hollyy how I missed this 😮 2 hrs of David Friedberg is crazzyyy 🎉🎉 love this

@figtime 22 күн бұрын

Love David Friedberg. His mind is so unique and is easily the best on the All In Pod.

@Sasha-mdib 21 күн бұрын

And yet, he has big blind spots, especially about the influence of the super wealthy on the government.

@JT-ld5kh 23 күн бұрын

A lot of us wouldn't be worried about our income going up If everything didn't keep continuously getting more expensive! If I made what I make now, but everything was the same price it was 15 years ago, trust me, I'd be satisfied.

@whiteorchid60 23 күн бұрын

Amen JT

@kellyname5733 22 күн бұрын

Your J O B stands for 'Just Over Broke'.

@newchallengers9420 22 күн бұрын

You can't see how that's mathematically impossible??? Lol wtf

@user-xp5id1kh4r 22 күн бұрын

Tell me you know nothing about economics without telling me you know nothing about economics, lmao

@ronclarke154 20 күн бұрын

A great guest, so bright and informative He has a grasp of everything from science, to the nature of humanity Why can’t we have people like him at the head of our political systems making the tough decisions

@viralwebsem 22 күн бұрын

Nice Tom! David F is the man. Glad you had him on.

@Nicholas-Doyle 15 күн бұрын

Hey @tombilyeu, you notice the rumble every time David touchss the table? You can get rid of that and have cleaner audio by decoupling the mics from the table. Put them on their own c stands with boom arms to get them in front of you. That way any time a guess like to use their hands, you don’t get that distracting rumble in the audio.

@mileygray7794 23 күн бұрын

Don't talk to me about cutting benefits till we solve the problems of gross increases to illegal immigrants 2.5 million dollar public toilets and covering 70% of the EU defense budget. Let's tackle the out of hand problems first and foremost

@LegalAutomation 22 күн бұрын

Lol. I'm not saying illegal immigration isn't a problem... But pretending the costs of illegal immigration are even CLOSE to the costs of servicing Social Security and Medicare entitlement spending is completely naive. You are basically saying "we can't address the elephant in the room that causes 99% of the problems until we trap the mouse that causes 1% of the problems".

@beansdestroyer 22 күн бұрын

Hundreds of billions to illegals over the last few years

@mileygray7794 22 күн бұрын

@@LegalAutomation it makes shortages to food housing jobs reduces are negotiating power. Also it is not that hi true but it is very out of hand so much so that there taking money away from vets to pay for their health care also they leed to inflation. Now don't mistake me I'm very pro legal immigration but we have measures in place for a reason. Also like seriously not kidding the government spends 2.5 Million on a single public potty . The fuck . Talk about corruption much that's a lot of food stamps and health care for one potty O.o just one

22 күн бұрын

A nation that invests as little as we do in Education cannot be a leader in anything. Let’s keep eating shit so that our healthcare expenses bankrupt the country. And of course, let’s keep outspending every other country by a factor of 10 in military. If the United States didn’t control the International Banking System and the Dollar wasn’t the international currency of choice, we wouldn’t be able to pay the interest in enormous debt. We have been a debtor nation for a very long time. There is no quick and painless fix to our fiscal irresponsibility. How many voters and the politicians they elect are ready to swallow that bitter pill…

22 күн бұрын

@JayGlascoe 22 күн бұрын

In the future, a space cowboy will lasso a heavy metal asteroid and bring it into Earth's orbit for mining, causing gold and platinum prices to plummet.

@DaysOfFunder 22 күн бұрын

To achieve this and cause a crash it needs to be done quickly. To achieve this quickly requires funding. To take on funding requires debt, which when transformed to revenue will balance everything out. That's my thoughts

@kev2582 22 күн бұрын

Incredible guest. Thanks for hosting him.

@keahilumho8914 3 күн бұрын

New sub great show. I’m an all in sub and gained a lot of understanding and admiration for Freiburg to the point it shames me what I had thought of him. Keep is up humans!!!

@mattsmith259 23 күн бұрын

I have NOTHING!.... therefore, i dont give a FUCK!😂🎉😂🎉

@butterfly2604 23 күн бұрын

I'm a poor Fuck too😂..But I have my brain left to keep the hope and keep trying change to it up..😂

@mattsmith259 23 күн бұрын

@@butterfly2604 lol 😆

@julieterrell1973 23 күн бұрын

Im broke, but I had HOPE... I guess I spent that at the grocery.

@3CS_ 23 күн бұрын

Ironic isn't it. Uncle Sam wants you to go to war for nothing? Pure stupidity

@crandonborth 22 күн бұрын

You definitely aren’t the only one… 😂

@xokelis0015 22 күн бұрын

@02:07:55 Its not that GMOs are bad necessarily, its that some of the biggest disasters that happen to us have come from human intervention by a centralizing authority and on an industrial scale. The real GMO skeptics are skeptical of the claims that GMOs are "safe", because such a claim will only play out in time. We won't know the negative effects, if any, of those GMOs potentially for decades, so people should be skeptical of the "safe" claim. It's like how Fauci couldn't have known if the jab was safe or not, yet he loudly and proudly proclaimed that it was. Well it wasn't, and all the alternative treatments which were decried as conspiracy theories and doctors were silenced over them ended up being correct. I'll never give up my horse medicine. Be skeptical of things that have only been around in the short term. The negative effects sometimes take decades to play out. Just look at how bad vegetable oils and high fructose corn syrup has been for us.

@robynopenshaw5268 20 күн бұрын

100%. The scary thing about this guy condescending to those in FL etc he claims who are just defending the meat industry … I’m a vegan and stand with DeSantis on this! … we won’t find out what lab grown meat and food does to us till 20 years later.

@nathanmezenghe589 17 күн бұрын

"some of the biggest disasters that happen to us have come from human intervention from central authority on industrial scale" 👈🏽 💯 This was so obvious during the covid, like why force mRNA vaccines on people when millions pros & non pros are skeptical 🫤

@andrewm5612 16 күн бұрын

Every breakthrough technology is a double edged sword by nature. They’re paradigm shifts that inevitably destroy precursor industries and replace them with new ones. If you recall he laid out his worldview on these kinds of technologies an hour before the GMO discussion and essentially said top down gov regulation cripples their growth and that these technological leaps are worth the risks as humans have historically fine tuned them over time. We don’t use lead pipes anymore, we don’t use asbestos in insulation, we rotate crops now instead of destroy the topsoil, we pasteurize milk, we have expiration dates on food, we have workers rights, etc etc. as technology becomes more groundbreaking it undoubtedly comes with higher risks but there’s no reason to believe we can’t combat them and we certainly shouldn’t willfully retard the trajectory of humanity out of fear of the unknown. Even our most prehistoric ancient hominid ancestors left the canopies of the trees and become bipedal. It’s not only philosophically unsophisticated to accept a certain threshold of technology as being the idea human condition it’s literally inhuman to do so. Our entire biological and civilizational trajectory is defined by rapid and extreme adaptation and innovation. Any reasonable and thinking person approaches new concepts with skepticism but GMOs have been on the market for 50 years and as he pointed out have contributed to a surplus in food resources globally and has aided entire swaths of the population. He used the gmo “golden rice” example to illustrate this fact. The same is true with vaccines and RFK has recently shifted societies understanding on them to a great extent but even he concedes that the risks, though present are minuscule relative to their net positive. He’s the biggest public advocate for pharmaceutical transparency in the country and even he doesn’t delegitimize the vital role they play in modern society. In fact every time I’ve ever heard him talk about vaccines he always makes a point to tell the interviewee/audience that him and his kids are all vaccinated.

@andrewm5612 16 күн бұрын

In fact if i recall correctly RFK has never sued a pharmaceutical company to cease production or distribution of vaccines he’s only ever sued against willful deceit/coverup and refusal to acknowledge adverse symptoms and compensate victims.

@jhubbard7256 16 күн бұрын

Food ‘protein’ grown from sugar in a fermenter tank…vs animals raised on vegetation grown in soil and sunshine - kinda like fake eggs or corn/soy feed for chickens vs farm fresh pasture-raised organic eggs. Completely different nutrition profile.

@The.BlackJackal 4 күн бұрын

I learned a lot from this conversation! Thank you!

@VincentFulco 19 күн бұрын

Huge fan of David's. Thanks for this gentlemen!

@MsSwiftie 23 күн бұрын

Why do I never hear from economists about the huge waste of tax payer money that goes to supporting other countries like Israel and Ukraine? The amounts are enormous, spent on warmongering, supporting regimes, and its led by the lobbists in Washington who in turn, are getting ungodly wealthy on the back on average Joe.

@captiveamerica1776 23 күн бұрын

Because most of that money doesn't go to those countries, it goes straight to US companies with military contracts who make the weapons that we then send to those countries. The corrupt politicians are getting their share of those profits so they will always vote to "send money" to those countries.

@kyle6781 22 күн бұрын

Because it's such a small %.. waste? Absolutely.. and I hate it as well, our foreign aid to dozens of countries is bullshit and we pay most of NATO, the WHO and so on.. but we've gave ukraine 200 billion in 3 years, of 34T debt that 200B is only 0.7% of our debt. So it's nothing.. BUT 200B shouldn't be going to help americans

@E_Clampus_Vitus 16 күн бұрын

The fact we give these countries so much money actually artificially props up the value of our fiat currency. Once we give someone a free billion dollars, they spend that money and the people that they purchase from also spend that money. It’s a joke way to maintain value though.

@waelaltaqi 15 күн бұрын

If you want to maintain super power status then you got to give freebies. If we don’t, some other power will. Create a vacuum, some other power will fill it in, and quickly.

@RMM919 17 күн бұрын

This was an excellent discussion which filled in a lot of gaps on a vision I've been having.

@DANJEDI 21 күн бұрын

Good show 👍 Informative!!Insightful!!

@antonywilder2104 18 күн бұрын

I love this channel. I listen on my headphones. One request. Can you please stop tapping the desk, your microphone booms. Thanks

@TOMReefer 23 күн бұрын

This guy is right! Right in line with RFKJR! Why isn’t he mentioning RFK!

@dipf7705 23 күн бұрын

He cant win. The best possibility is vp

@YoungBlackTrep 22 күн бұрын

Because he is a vaccine shill.

@mauirex 18 күн бұрын

Best explanation I’ve heard. Thanks Mr. Friedberg.

@eshen412 21 күн бұрын

If there's a way to reduce the effect on the mic when slamming the table that'd be great. Love DF; thanks for the interview, Tom!

@HoneyBadger80886 23 күн бұрын

That "program", social security, is a Contract between me and my government. I kept my part thru 50 years of military service and gainful employment. Uncle Sam must keep his word.

@jarvanwildrift8056 23 күн бұрын

Correct, problem in the US cant be that kind of spending. Look at Sweden much lower debt but better social care for the people.

@karensosa4767 22 күн бұрын

Good luck on Uncle Sam keeping their word!!

@user-xp5id1kh4r 22 күн бұрын

The US is keeping its word for you 50+ year olds... its trying to STOP it for future generations before they get vested into the program though... and for some reason, they won't.

@shaedailey5543 23 күн бұрын

RFK Jr. is talking about all of these issues!!!!

@HKashaf 23 күн бұрын

He supports genocide in Palestine in full. Also, he is supported by billionaires for his campaign, so he is already compromised.

@krellin 23 күн бұрын

i don't know the laws of US political systems but isnt he hout of this election cycle? democrats chose biden republicans trump no?

@mynewbeachgig4388 23 күн бұрын

RFK Jr. is sick and he's only tempting you. He's only gaining momentum because he's the 3rd person, an alternative, but he is the last person you should be behind. Think smart and realistically: Biden, for now.

@witchywomen6650 22 күн бұрын

Sadly, that is why he won't win.

@mynewbeachgig4388 22 күн бұрын

@@witchywomen6650 He is capturing an audience.

@dr.orlandoperez6763 11 күн бұрын

What a great conversation! Great insights and exchanges

@mg921000 21 күн бұрын

Amazing dude! Thanks for such an amazing guest!

@standupguy12 23 күн бұрын

The only candidate I've seen present a proposal on how to get the debt problem under control is RFK Jr.

@user-xp5id1kh4r 22 күн бұрын

RFJ Jr. is a cook. Plenty of other politicians that have "presented" "Proposals" on how to "get the debt problem under control"... the problem is: once they get into office, they never actually do anything they "proposed". The entire modern US political historical record has been rife with such "candidates". They all fail, just like RFK Jr. would if he was elected.

@YoungBlackTrep 22 күн бұрын

and Dave doesn't support him because Dave is a vaccine shill

@jasonfleeman8367 22 күн бұрын

Voters will never vote for less. DC will never limit or stop its spending. The solution is to pass and ratify a statutory constitutional limitation on spending through the Article V convention mechanism in the Constitution. 19 of the 34 required states have already done this and if you will help educate folks about this option it could be a viable solution. Thanks

@E_Clampus_Vitus 16 күн бұрын

The solution is to force the legislature to pass a bill that bans ALL sitting members of congress from seeking re-election should they exceed the budget.

@monkeysezbegood 16 күн бұрын

Remove corperations from govt . Rfk Jr.

@E_Clampus_Vitus 16 күн бұрын

@@monkeysezbegood Better off removing government from corporations

@AlishaAdams-j5n 20 күн бұрын

Everything will be fine and you will shine like a rising star, achieving great success and wealth

@scottpulver 19 күн бұрын

Friedberg ihas a very logical thought process. I enjoy his thought process. He has a tendency to give you his thoughts in terms of A leads to B, B leads to C which fits the way I think and absorb information. Very enjoyable. His research too is quite amazing and worth hearing about.

@alanmrsic893 22 күн бұрын

In Gold we Trust!

@noseyparker6969 23 күн бұрын

STOP BANGING THE DESK!!

@JWKDESIGN 23 күн бұрын

Producer shoulda jumped in after 2 minutes... don't clamp the mics to the desk, put down a foam pad thingy, something...ANYTHING. yeah, unfortunately SUPER distracting...

@MSinc1 22 күн бұрын

Drove me NUTZ 😂

@pin65371 22 күн бұрын

He moves his hands a lot.. lol..

@hikintrailsndrinkinales 19 күн бұрын

Listening to this pod cast: 🫨🫨🫨

@andrewvela6312 19 күн бұрын

Comparing one fiat currency against another, and saying one has gone up in value against the other, is like being on a sinking ship in the ocean and looking across at another ship that is sinking faster, and thinking you are being lifted up. In this scenario something with intrinsic value, like gold, can be compared to dry land, which is not sinking.

@Electric_Snap 21 күн бұрын

David is such a likable person. Value added to this world.

@abandy6465 17 күн бұрын

I'm so glad Tom interviewed Friedberg. He is my favorite on the All In. This brought me in and gave me a chance to watch Tom - love the show. I'm definitely subscribing and I want to hear a lot more interviews from Tom. Maybe try Michael Saylor next? In terms of David, I love how David thinks. He's a free thinker and really what our country needs. If David Friedberg said the same thing on 10 other podcasts, I'd watch every second of those other podcasts like I did this one. I wish he'd be more vocal and debate harder in every All In Podcast because when David is involved, those are the best ones. I'd really love for David to touch millions of others by doing more 1-1 interviews as well. He is an incredible and powerful voice. He is extremely rational and well studied with history as well as very in tune with innovation. I just can't get enough David Friedberg. Maybe he should write a book as well.

@rickertcoles 21 күн бұрын

The recession is here, where do investors look at for wealth gains now? mortgage rates still on the rise with higher imports and lower exports, yet the Fed is to lessen cost. Something will eventually break if they keep raising interests and quantitative tightening.

@laportafrank 21 күн бұрын

if you want to hold on to cash, put it in a safe deposit box, if you want assets, buy things people need in a shtf society, food, ammo, wood, water filters, tools, have a skill at building and fixing

@E_Clampus_Vitus 16 күн бұрын

Invest in tortillas !

@LeonGaban 17 күн бұрын

This is one of the BEST episodes on this podcast ever!

@melissaradaker1128 22 күн бұрын

Never leave the besties! You're the most real, passionate member of the All In Podcast!

@donovanshawvids 23 күн бұрын

Love this guy. Have seen him on the All In Podcast. He has a great mind and important voice.

@pdcdesign9632 23 күн бұрын

iMPORTANT VOICE WITH A LISP?

@jackgoldman1 22 күн бұрын

Your real money is your time, but only money for me. My life is finite and ends. Labor ends. We are lucky to live in such a glorious time.

@CalgaryCowtown 18 күн бұрын

One of my favorite, thoughtful thinkers. Very based. Thanks.

@adamdonovan4071 23 күн бұрын

The question is does the money printing make the war inevitable, or is the desire for the war why they print the money? I think it’s the latter.

@ibzharris884 21 күн бұрын

seems so cyclical. wars themself cause mass deficits due to gov spending, debt etc.. however wars also stimulate economies and post war reconstruction efforts stimulate exports... and the cycle goes on.. and on.. and on... draw a timeline of US wars and budget status it's interesting. something like this: 1939 1944 1949 1954 1959 1964 1969 1974 1979 1984 |---------|---------|---------|---------|---------|---------|---------|---------|---------|---------|------------|------------| |--WWII--| |-----Korea-----| |---Vietnam---| |---Gulf War---| |---Deficit---| |---Surplus---| |-----Deficit-----|---Surplus---| |---Deficit---| |---Surplus---|

@mwilliamson4198 21 күн бұрын

It's more likely that they print at least some of the money as a consequence ultimately of demographics (as Raoul Pal and others have argued for a while now) - to compensate for lower workforce participation, which has been trending lower for 50 years. And the money printing now is part of the debt refi cycle that Michael Howell has been talking about for ages. Of course not denying some of the money printing is also in aid of the military-industrial complex and their kleptocracy

@adamdonovan4071 21 күн бұрын

@@mwilliamson4198 money printing is inflationary, not deflationary. It does not compensate for low economic participation, it makes those issues worse.

@GoddessKate-cc1dc 23 күн бұрын

Great transmission. as always. I appreciate the no-nonsense approach you take to the news and the markets. A lot has changed and that's about it but the truth is that I don't even care much about the bull or bear market anymore because Ashley Anderson covered me while I'm doing comfortably. 20k-30k every week and I'm still counting thanks to her❤️

@JohnTrudell-sy4sx 23 күн бұрын

YES!!! that's exactly her name (Mrs Ashley Anderson) So many people have recommended highly about her and I'm just starting with her from Brisbane Australia🇦🇺

@GoddessKate-cc1dc 23 күн бұрын

Ashley Anderson's crypto knowledge is like a secret recipe for success

@PhilipWilson-zv3qz 23 күн бұрын

Please educate me I've come across this before. How can I get to her, please?

@GoddessKate-cc1dc 23 күн бұрын

She's on tele grams

@GoddessKate-cc1dc 23 күн бұрын

Anderash

@kevinkalappurayil 21 күн бұрын

David Friedberg is my favorite from the All in Podcast

@davidrowewtl6811 22 күн бұрын

Techno optimism is what raised us up from the swamp and down from the trees. Friedberg makes a great case on this. I am less convinced on the ever continuing prediction of demise if we don't adopt fiscal austerity.

@IanMoone-bl7le 23 күн бұрын

The Saudis didn't renew our PETROL DOLLAR Contract that we've had for 75 Years

@johnbuckner2828 23 күн бұрын

😕

@righteousmammon9011 23 күн бұрын

This is fake news and it never existed in the first place

@bkthedefbeatz 23 күн бұрын

ofcourse because of Brics

@dr9299 23 күн бұрын

What contract? All of Social Media repeats this but Nobody seems to be able to produce a copy. It seems they ALWAYS accepted other currencies.

@ProgrammingWIthRiley 23 күн бұрын

You mean the handshake agreement, they broke immediately? The Saudi’s are not our allies.

@kennethmccabe3278 23 күн бұрын

peak oil all over again...

@katarinahinsey3931 16 күн бұрын

I used to hate Tom's interview style, but he's improved so much that I know am really getting a lot out of the interview and enjoying it. Tom is asking some great questions and the ideas are really fascinating.

@paulkempinski4602 15 күн бұрын

Good example about the price of a can of soda when we have 2-3 people with cash and the effect on price if more cans are available. But I think it requires further explanation about what are the effects of adding credit to purchasing power (private, government and corporate) as well as the effects on markets, prices and lending institutions when the debt is repaid or defaulted on.

@jakethomas1829 23 күн бұрын

...into a BRICS wall.

@garythecyclingnerd6219 23 күн бұрын

Which is failing lol. The Saudi’s didn’t even actually get off the dollar.

@l-dixon4231 23 күн бұрын

LOL Facts

@jakethomas1829 23 күн бұрын

Peso is a more likely our new replacement, you know, cause that solid southern border. @garythecyclingnerd6219

@Haxzyr 23 күн бұрын

@StateDept

@dipf7705 23 күн бұрын

@@garythecyclingnerd6219 how many more countries are on board since a couple years ago

@jullian2598 23 күн бұрын

Declare your Independence folks!

@videoluvr4204 23 күн бұрын

what does this mean?

@BigHotSauceBoss69 23 күн бұрын

I did. I own Bitcoin.

@jutru8782 22 күн бұрын

@@videoluvr4204RFKjr 2024🇺🇸🇺🇸🇺🇸

@alicassidy8913 22 күн бұрын

How??

@stubaka3175 22 күн бұрын

@@videoluvr4204RFK Jr has been spouting a lot of what these people talked about and he happens to be a presidential candidate this year. The phrase they said is his campaign slogan because he’s running 3rd party (might change tho since he said something about the DNC).

@hydraulicsareus2587 18 күн бұрын

Gene sequencing is also the reason vegetables you buy in the store won’t germinate new vegetables from seed. So in my opinion when someone wants to cut the food source off they will just do so.

@spdandpwr 17 күн бұрын

David is amazing and always look forward to his perspective

@mgwright56 23 күн бұрын

Wait a minute! Does this guy think there is a politician who ACTUALLY gives a shit about the debt? Funny stuff!

@garythecyclingnerd6219 23 күн бұрын

Obviously they do. It’s in the interest of politicians and plutocrats to preserve the financial solvency of the US.

@japorto100 23 күн бұрын

@@garythecyclingnerd6219 Not necessarily. If the US cripples (similar to the soviet union) there will be an insane amount of almost free investments. A handful of people would actually benefit massively. When most people lose wealth some get a huge part of that lost wealth. I see i it quite similar to the energy preservetion

@Mastermindyoung14 23 күн бұрын

Yes. RFK. You haven't been paying attention. Do better.

@mattmyers2624 23 күн бұрын

@@garythecyclingnerd6219 Not when their funders who have placed them are aiming to collapse the US economy to cause chaos to make it easy for complete capture.

@garythecyclingnerd6219 23 күн бұрын

@@japorto100 I can’t overstate how patently evil and stupid you have to be to believe that blowing up the the world’s biggest economy and reserve currency will be beneficial to you.