Brink Of ‘Perilous Financial Collapse’, Economy Is A ‘Mirage’

Brink Of ‘Perilous Financial Collapse’, Economy Is A ‘Mirage’ | Jim Thorne

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Jim Thorne, Chief Market Strategist of Wellington-Altus Private Wealth, explains why the global economy is headed towards a "perilous financial collapse" and what's next for markets, investors, and consumers.
*This video was recorded on April 11, 2024
FOLLOW JIM THORNE:
Wellington-Altus Private Counsel: wellington-altus.ca/private-c...
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*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.
0:00 - Intro
1:02 - "Perilous Financial Collapse"
7:25 - Oil and inflation
10:36 - Debt and deficit
13:07 - Trigger for financial collapse
18:00 - "Economic mirage"
20:55 - Cost-push theory of inflation
25:15 - Canadians are economically "hopeless"
33:00 - Market outlook
36:30 - Interest rate outlook
38:50 - Gold and Bitcoin
41:00 - Residential real estate
#stocks #bitcoin #economy

Пікірлер: 952

@TheDavidLinReport Ай бұрын

You’re being watched RIGHT NOW and the only way to stop it is by using a VPN. Avoid hacks and protect your privacy before it’s too late! NordVPN offers 65% Off on a 2-year plan +4 extra months! Try it for 30 days or GET YOUR CASH BACK! nordvpn.com/davidlin Are the positive economic indicators just a "mirage"? Are we headed for a crisis? What do we do with our investments? Comment your thoughts below and don't forget to "like" and subscribe! FOLLOW JIM THORNE: Wellington-Altus Private Counsel: wellington-altus.ca/private-counsel/ Twitter (@DrJStrategy): twitter.com/DrJStrategy

@HoneyBadger80886 Ай бұрын

Surfshark

@benhaze1010 Ай бұрын

Oh common. If you are legit we should not need a VPN to watch your videos on youtube. Really? I thought you were credible but now not so much.

@ServiscoP Ай бұрын

David do you know which country NordVPN is from? 😉

@brian6x Ай бұрын

Damn those North Korean hackers.

@davidjackson2832 Ай бұрын

Hi to whoever is watching me. 😅

@VitaliiSych 18 күн бұрын

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

@Andrian-ch3on 18 күн бұрын

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.

@BarbaraRichstone 18 күн бұрын

With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.

@RickMckee-nq4ni 18 күн бұрын

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

@BarbaraRichstone 18 күн бұрын

Kristin Amy Rose is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

@RickMckee-nq4ni 18 күн бұрын

I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

@trip7779 Ай бұрын

finally, a host that does not interrupt his guest and allow him to finish his thoughts. Well done David!

@user-lr5po4pl6s Ай бұрын

Yes, I don't like when they do that. That's one of David's strong points!

@paulamorrison9176 Ай бұрын

Except the constant advertising interruptions make it awful to watch unfortunately

@user-hm5zb1qn6g Ай бұрын

@@paulamorrison9176 uBlockOrigin...I don't see any ads

@heathmckenzie6875 Ай бұрын

“If you ignore housing, energy, food, and transportation, inflation is basically under control”. Wow, thanks tips.

@erinsweet8147 Ай бұрын

For real. The 3 things that constitute 80% of our budget are up 25%. That’s a problem!!

@markwriter2698 14 күн бұрын

My calculations are an average of 33% inflation per year starting after covid. Like you have noted, some indicators are not included in the graph.

@koboskolors Ай бұрын

I know I’m growing in my financial education when conversations such as this become not only understandable, but truly terrifying.

@yellowstoic7678 Ай бұрын

Why is the yield curve inverted? It's because interest rates were low for so long that people gave up taking a risk and starting a business for taking on the risk of owning a highly leveraged home. Low interest rates are a direct cause of mortgage inflation. 346k mortgage@8%=600k@3%. Home prices get to go up because money is cheaper to borrow leading to a fake wealth effect causing people to spend money they don't have because the asset isn't actually worth what people are paying for it. Satoshi Nakamoto was for getting rid of the central bank, not asking it to lower interest rates to keep the ponzi going.

@kevinthomson9513 Ай бұрын

Jim starts to get lively after 18:00 min - good content that is not disputable.

@whysoserious110 Ай бұрын

Because he blames liberals for the current economic state in the U.S.??🤔 that's a subjective position which by definition is disputable

@gandolfgrey5385 Ай бұрын

And it hasn't been disputable for 24 months now.

@pharlapnz4630 Ай бұрын

Thanks

@carbonfibercrypto2919 Ай бұрын

@@whysoserious110they’re far leftists not liberals

@buggsmcgee9270 Ай бұрын

@@carbonfibercrypto2919 Marxists...

@brandonbaker5884 Ай бұрын

We are in a debt doom loop in the west. Everyone knows it and now its a game of finger pointing before the music ends.

@mg6775 Ай бұрын

Thats why theyll blame china a go to war

@joshfrench6426 Ай бұрын

Yeah it's not rocket science

@bobgriffith1810 Ай бұрын

It’s not just the west,, take a look at ccp debt to gdp,, this is a global problem

@Carlos-im3hn Ай бұрын

With the 10YT2YT inverted yield curve the music already stopped in 2022.

@markwriter2698 14 күн бұрын

Correct. The Chinese have pointed it out. However, China has problems as well and possibly worse.

@leslieread556 Ай бұрын

THIS is a great interview. I am *no* economist. I have zero, real understanding of the economy. BUT what I am...and have always been...is a *very* savvy shopper. My take on the ground? It looks terrible. You can actually sense the tightening of people's wallets. They...we...all feel it. This message of Jim Thorne is spot-on...Thank you David Lin.

@ginzo666 Ай бұрын

LOL. So, vibes > data in your world. Hence you being enough of a rube to take this jabroni seriously.

@RD-kz4wr Ай бұрын

It is, but lowing interest will not help. It will lower the standard of living more.

@user-hm5zb1qn6g Ай бұрын

This is easily the best financial channel on YT. I'm binge-watching episodes now. I like how David asks pertinent questions, then lets his guests run with it, even when the guest is peddling patent nonsense such as cutting interest rates as a way to fight inflation.

@HazeOfWhearyWater Ай бұрын

_"Why is there so much spending?"_ If they hit the brakes the implosion occurs now.

@markwriter2698 14 күн бұрын

Good point. That’s the way I understand it too, but a correct or reset is inevitable and we might as well get it over with.

@helokitty991 Ай бұрын

For a complex system, you need to remove the interest group to save it from collapsing. Once a country is controlled by financial oligarchy, there is no return.

@frankbryan3478 Ай бұрын

You get what you vote for!

@Fearzero Ай бұрын

@@frankbryan3478Nope, you don't vote for central bankers. The partisanship can't save us now. It's over either by hyperinflation or deflation. Just a matter of time.

@Number6_ Ай бұрын

There is no return the Americans have been controlled by oligarchy for decades!

@gwills9337 Ай бұрын

@@frankbryan3478if you think policy or politics reflects voting sentiment you’re lost

@jcgoogle1808 Ай бұрын

@@Fearzero Central Bankers aren't the problemMoron,... It's the insanecriminal fiscal abuse of the government(s). The Fed doesn't put a gunto their heads and force them to deficit spend nearly 10% of GDP when we're not even in a recession or a worldwar.

@billybudapest3129 Ай бұрын

David, thanks for not interrupting your guest. Well done.

@NatiaMaisuradze-ey5iq Ай бұрын

Seeing patterns recur in financial markets over time is quite fascinating. Artur Grandi's book offers a systematic approach to keeping investments stable and explores opportunities, including cryptocurrencies.

@lrm21 Ай бұрын

This is by far the best explanation of the current global market and the actual risks, and finally provide an explanation that makes senses as to why markets are behaving the way they are.

@jverderber Ай бұрын

There will be ZERO fiscal discipline

@kipincharge2833 Ай бұрын

😅the criminals in charge are laundering our money into their pockets;of course the criminals won't stop😅

@kipincharge2833 Ай бұрын

😅because we live in a police state that censors the slaves🖕

@wellnesspathforme6236 Ай бұрын

You don’t understand debt-based money. Step 1: Money == debt Step 2: Blow debt/money bubble Step 3: Siphon money to Money Power Fascist Empire Step 4: Flip the script once the debt-money noose is tight Step 5: Bankrupt with inextinguishable debt and asset strip Step 6: Money Power Monopolists claim ownership to 95%+ of Earth via contract and through their Mega-Corporate system.

@billcarney829 Ай бұрын

There IS, AND HAS BEEN, zero fiscal discipline.

@wellnesspathforme6236 Ай бұрын

@@billcarney829 You misunderstand the game - blow the debt-money bubble… wrap inextinguishable debt around the next of the people, AND ONLY THEN, after it is too late… flip the script. That day is coming.

@joelcrotzer7466 Ай бұрын

Immigration is worthless without assimilation but I'm sure you know that you sound very intelligent.

@RichardEnglander Ай бұрын

Immigration in UK is a net negative, it is only good when selective, every immigrant below average drags you down

@davidbridge5652 Ай бұрын

@RichardEnglander the crazy left would have you believe they put more in the system than they take out which is just stupid. Once labour gets in it will get so much worse.

@user-gd3ul4zq1d Ай бұрын

Housing prices double, rents going up, property tax and insurance through the roof. Value of money going down. Where is the deflation?

@gwills9337 Ай бұрын

Yea no kidding

@AS-gf5jn Ай бұрын

The only thing deflating is the value of printed money!

@SlobberySlob Ай бұрын

If the price of a haircut goes from 20 to 30 in a year that's GREAT!. But if it drops back to 28 the print button HAS TO BE ENGAGED!

@joec8942 Ай бұрын

He said deflation was occurring over the last several months in Canada. Your anecdotal argument is invalid anyways.

@evant3e Ай бұрын

Every where...car prices, technology, fresh food...all falling over the past year. Open your eyes, inflation is low.

@darylbrice Ай бұрын

Jim Thorne is one my favourite guests on your show. Fantastic insights and analysis.

@1SmallDaddy Ай бұрын

Mr. Thorne is a breath of fresh air. Our economy is terrible.

@HTub-bo2yl Ай бұрын

You in a soup line?

@EatMyOats Ай бұрын

He is clueless about Media being quiet! During COVID, FED Reverse REPO purchased ALL Mainstream Media DEBT, took over Corporate Boards. FED is ONLY Media.

@jcgoogle1808 Ай бұрын

Shitcoin will never become an asset class or a store of value. The difference between now and commodities back when he said they weren't considered and asset class is,... they had intrinsic value. Shitcoin has no intrinsic value. Other than that, the guy seems to have nailed everything else. David on the other hand I worry about 2 things,.. 1. He seems to always ask questions from the perspective of a defensive MMT cultmember. 2. The battle of the hair. Maybe it's a new girlfriend or a one nighter or something saying,.. "hey your hair looks good when you wake up after a drunken night at the bar and a tumble in the hay,.. You should take that on the road with you."

@jcgoogle1808 Ай бұрын

@@HTub-bo2yl What stinking demcoratcesspool river of denial are you living by that gives you some kind of rosy illusion? Have you seen the number of drug addicts, homeless people and illegal aliens overwhelming demcorat cities in the US???

@luckyPiston Ай бұрын

What this guy never once mentions is that if u drop interest rates in the middle of a housing crisis u are just gonna re-blow that real estate buble and fuck a 1/3 of your economy !!!!!

@diane.moore- Ай бұрын

The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

@91ScottieP Ай бұрын

People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.

@mariaguerrero08 Ай бұрын

Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.

@ThomasChai05 Ай бұрын

@@mariaguerrero08I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!

@mariaguerrero08 Ай бұрын

"Gertrude Margaret Quinto" is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment

@Susanhartman. Ай бұрын

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

@scrapking77 Ай бұрын

Huge slowdown in personal spending, indeed! Retail is dead.

@njuham Ай бұрын

Immigration as it is currently is not good for Canadian/UK/US economy, not even in the long term.

@baffinsansterre Ай бұрын

Immigration is the primary cause of inflation in real estate. That & cheap money in 2020-2022.

@Thorsted67 Ай бұрын

Immigration is quantitive easing with people. Flood the economic zone (former country) with demand.

@TomTom-du5qv Ай бұрын

It's good for our current fiat system, everything cannot inflate otherwise you get wage-price spiral and the entire charade ends rapidly. So the hope is that we can import cheap labor and suppress wages from immigrants who are used to lower living standards. This allows the "money printer" apparatus to keep chugging along, but quality and standard of life goes down for 99% while the 1st get richer.

@francisravenscroft-dw6gi Ай бұрын

Imigration works in the middle east :) at 60yrs old- you dont get an extension on your residency- sooo simple :)

@jc7046 Ай бұрын

the current immigration is of criminals and people looking to hard america. THEY are not workers like in previous migrational waves. We are going to have to spend money of deportation, crime will rise ect. NOT GOOD in any way!

@user-eb3pi4tv9k Ай бұрын

Inflation coming from a lot more than shelter, I’m seeing crazy price rises still everywhere, my car insurance more than doubled over 2 years for starters.

@RichardEnglander Ай бұрын

Same has happened UK. They say car parts are expensive, labour has increased, and then electric cars are adding further to costs.

@markwriter2698 14 күн бұрын

Mine too plus food. The official numbers are not correct. At least some indicators are up 100% from the last three years. Much higher than reported but 109% may not be across all indicators. Still not 8% though.

@deiisracismandsexism Ай бұрын

Central banks across the world are panic buying gold right now.

@Fearzero Ай бұрын

It won't save them

@HANZELVANDERLAAY Ай бұрын

@@Fearzerowhat's so crazy will they accept paper gold..or real gold.. expensive to store real gold I imagine

@rondent6875 Ай бұрын

Today they went into the dollar. That's why gold and silver price went off the rails.

@justfedup Ай бұрын

@@Fearzerothe one with the gold makes the rules

@deiisracismandsexism Ай бұрын

@@rondent6875 Today was people who bought gold 30 years ago for $300 taking profits. Gold will reach $2,500 by the end of next week.

@user-zs1fr7im6l Ай бұрын

Credit Card Debt - $1.129 Trillion

@marihutten Ай бұрын

Ethereum was invented by a student in Waterloo. Yeah, it's southern Ontario, but not a Torontonian who did it. I'm starting to think they're never bringing that interest down because they actually want to damage people seriously and then buy/own all their housing and transform Canada into a servitude rental economy. You already have a very compliant, non-combative, complacent, mostly immigrant population who come from places that are so messed up even messed up Canada is a better choice, and then they won't even mind, complain or ask for a change.

@pjdelucala Ай бұрын

The answer is to encourage production. Replace all income taxes with a progressive consumption tax. At least replace the payroll tax with a national sales tax. The way to eliminate inflation is to first top printing new money. That is a requirement. Second is to encourage production. Do not punish work and production. Also loans can be indexed to a basket of goods. If the basket of goods and services goes down in value, then the loan should go down. If they go up, then the loan principle should go up. Peter de Luca: Professor and economist

@BubbaShaffer Ай бұрын

The way to fix this is to have sound money. Money supply that cannot be grown by politicians

@pjdelucala Ай бұрын

@@BubbaShaffer Absolutely. The money supply must not be a variable. It hurts non voting poor people terribly.

@FreedomTalkMedia Ай бұрын

Every time the government spends a dollar, value is crushed out of existence. The growth of government is of course the source of the fall in the standard of living.

@HoneyBadger80886 Ай бұрын

Government Fault- 99%. It's their job to #Legislate in favor of the #Citizens. Not the Speculators, Developers and Bankers.

@baffinsansterre Ай бұрын

Government first job is get reelected.

@kylepatrickmccrary2781 Ай бұрын

@@baffinsansterre That's not their job. That's their prerogative.

@HappyCamper870 Ай бұрын

Politicians fault? Good luck winning an election on a fiscal policy platform 😂

@Bigern2998 Ай бұрын

You still think the government serves the people? Did the Easter Bunny bring you a basket too? 😉

@joeblowe7545 Ай бұрын

WE ARE THE GOVERNMENT. We as the electorate get what WE VOTE FOR!!!!

@londie3517 Ай бұрын

I wish speakers would stop saying “ right “ after a statement. It doesn’t subconsciously compel the listener to agree- it is not right.

@Kenshawmusic Ай бұрын

Aaaaaaamennn👍🏻

@WW01 Ай бұрын

I feel the same way.

@ConcerningTheTimes Ай бұрын

Agreed but sometimes it is simply a habit.

@Justathought-yz3up Ай бұрын

And the story goes on, and on, and on, and on, and on.....

@charlespeterson778 Ай бұрын

Right, right

@timmySmith-jl8jx Ай бұрын

And then one day it stops. You’re blind if you can’t see the signs of the time right now.

@universitie Ай бұрын

Economic lessons in universities should be delivered this way, easily understood and enjoyable. Thank you Mr. Thorne

@frankherman5195 Ай бұрын

Universities only know woke while the real working man goes broke. Too many professors are useless.

@smithbrady6173 Ай бұрын

That was an exellent interview. You questions were great and you're guest I thought was spot on .Thanks

@denito477 Ай бұрын

Great guest and interview. Thank you David!

@Wild-Wally Ай бұрын

This guy certainly wouldn`t want to put any blame on our out-of-control bloated, gigantic, war budget (and get real, -don`t call it the defense budget).

@HoneyBadger80886 Ай бұрын

Please be honest. Fiscal Responsibility sailed. Compound Interest On the Interest of the DEBT is what is driving the mathmatical rise. Printing can't fix this. It's an Algorithm. #EndTheFED

@Fearzero Ай бұрын

Exactly. These partisan goofballs need to learn math.

@timmySmith-jl8jx Ай бұрын

1,000,000% Fiat money is on the verge of total collapse with $1 trillion being printed every 100 days and nobody wants to keep their worth in these paper currencies. It’s why gold and crypto are seeing an unprecedented surge right now.

@robertjosan Ай бұрын

Excellent content, thank you David🙏

@Vagabor123 Ай бұрын

Wheres the deflation hes talking about? All i see is deflation in my purchasing power.

@user-hm5zb1qn6g Ай бұрын

Either he was selling snake oil or he didn't explain his point properly because there's no deflation in Canada or the United States.

@markblankenship6233 Ай бұрын

I was listening to his opinion and the assumptions he is having to make to reach his conclusions. He assumes: 1) the government and central banks will become responsible; 2) he ignores the threat of the huge global geopolitical risk. In other words, he assumes “all things being equal.” 3) The holding of interest rates won’t break any that’ll bad. // I appreciate his optimism. He is a cheerleader trying to sell risk.

@Aries61 Ай бұрын

Thanks David and Jim! Great discussion!

@user-qj6vg8gp3l Ай бұрын

I don't know how anyone can think the economy is good.

@_Thoughtful_Aquarius_ Ай бұрын

Another excellent interview on the David Lin Report!

@marcoartini7480 Ай бұрын

Great as always David! Thank you!

@Pangora2 Ай бұрын

If there is deflation in stuff I don't buy, but everything I need to survive still goes up, I'm still calling it price inflation

@ChrisGenXer Ай бұрын

Fantastic interview!

@user-zs1fr7im6l Ай бұрын

The total household debt of $17.3 trillion entering 2024 is a new high for the U.S.

@lucanidae100 Ай бұрын

I do not agree that rates should be cut. We did that before and look at the mess we are in. The US and Canada cannot control the weather. Both countries have ignored mass transit. Yes you can have your inflated food delivered to you but people cannot stay home. Our supply has been cut for almost everything and that drives up prices.

@Number6_ Ай бұрын

The last bond(debt) sale, failed and the big banks had to buy the bonds or debt as is there arangement with the fed. No foreign power or private investor wants to make these loans at any price.

@gwills9337 Ай бұрын

Yes we’re very close

@Number6_ Ай бұрын

@@gwills9337 this is the attitude that got you into this mess. We're still 10 ft from the ground we can pull up.

@robertwhite1810 Ай бұрын

Why do so many people have to end every sentence with "right"? Listen to yourselves people!

@Carlos-im3hn Ай бұрын

yes, it "fills the air" with noise...just like "um". Listen to yourself speak and don't make noise...it is hard if lazy...easy to make noise. Don't open your mouth unless to actually say something adding value.

@robertwhite1810 Ай бұрын

@@Carlos-im3hn It's worse because it comes across that the speaker needs validation for every point he brings up. Experts don't ask "right"? They are either authorities or just talking heads

@fsaldan1 13 күн бұрын

It is a way to bully the listener to agree with what he said. He is pretending what he said is obvious so you cannot disagree. Even when it is nonsense like there is no inflation.

@phoerest Ай бұрын

Love your work David...thanks so much

@julieg.5718 Ай бұрын

An excellent guest, great banter between you two on a number of key economic topics! Thanks

@ZapperJohn Ай бұрын

That was very informative...Thank you... I figured out some new stuff.

@oferfriedman5821 Ай бұрын

Thank you 🙏

@giniaa2707 Ай бұрын

You are such a skilled interviewer who can handle people with strong opinions who get very animated with the certainty of their own views. Interesting interview as usual!

@Carlos-im3hn Ай бұрын

Physical Gold and Silver have intrinsic value vs. fiat or crypto. So I would disagree completely with any BTC investment or MMT theory long-term. I like these stocks: CEF (60%gold/40%silver), PSLV, OUNZ, SGOL, GDX, GDXJ. They have low (< 0.8%) fees/expense ratios and the miners GDX and GDXJ pay nice dividends annually, and the Gold and Silver miner dividends should go up in 2024 as Gold and Silver rise to new highs.

@bvyner5727 Ай бұрын

Thoroughly enjoyed this! A lot to think about as a Canadian

@Andrew-dp5kf Ай бұрын

I do not think that lowering interest rates right now will be the panacea you think it is buddy.

@user-hm5zb1qn6g Ай бұрын

The guest is on crack, frankly.

@michaelwilson7163 Ай бұрын

David needs more subscribers he is smart and good interviewer and works hard to get good guests. Thanks David. God Bless.

@pravashpujari2174 Ай бұрын

Coming to stock and option I will always be grateful and thankful to Mr Ronal’ for giving me the knowledge and helping me recover my loss from the market 💯

@pravashpujari2174 Ай бұрын

he’s mostly on Telegrams, using the user.

@pravashpujari2174 Ай бұрын

@R o n a l f x 2.

@pravashpujari2174 Ай бұрын

he’s mostly on Telegrams, using the user’.

@pravashpujari2174 Ай бұрын

Telegram$

@mcmartinsal5128 Ай бұрын

Ronal’ strategy has normalized winning trades for me and it's a huge milestone for me looking back to how it all started.

@tommygrubbs2053 Ай бұрын

Basically it true that as long as the US produces consumers, the amount of government debt doesn’t matter. Unfortunately we may be close to a time where we stop producing consumers.

@drudini5812 Ай бұрын

Can you explain your logic ? How do non productive people help with government debt ? The fact all we do is consume is how we got here in the first place.. and I don't see this big change of productivity increase u seem to in the future ?

@gordo3582 Ай бұрын

When half the budget goes to pay interest on debt, it's game over. Expect monetization and very high inflation.

@HANZELVANDERLAAY Ай бұрын

@@gordo3582yes sir..well put

@bobgriffith1810 Ай бұрын

⁠it’s only over if M2 takes off which only happens if no takers on the debt ,, M2 has been trending down for 18 months ,, watch money supply it’s correlation is absolute .

@justfedup Ай бұрын

All I know if you ran a private company in debt like the government does, you wouldn’t make it 3 years. That says everything!

@thomasschultz1614 Ай бұрын

Good show Jim is great!

@ampiciline Ай бұрын

OMG, OMG the BEST part of this show starts at : 18:10 when David brings THE ideology of his previous guest MR " Jeff Christian's interview under the title " WHY THE FEDS NEXT MOVE MAY SHOCK MARKETS , then Mr Jim Throne got really really upset and went after Jeff Christian ideology ...that was fantastic performance .

@gregero Ай бұрын

This was excellent talk. Really enjoy listening to this.

@Eric-le8on Ай бұрын

I wish housing prices would deflate lol 6:00

@conorjbrown Ай бұрын

How does lowering interest rates by 1.5% not send house prices to the moon?

@quangdexter Ай бұрын

He’s an economist. Theyre clueless in general.

@ActiveREInvest Ай бұрын

Great questions and answers

@isaacyadgar9410 Ай бұрын

Wow, Jim is nailing it, I agree with him

@bootcamptrader Ай бұрын

The rhetorical use of the word “right” has become worse than teens using “like”. This guy must have said it 100 times in this interview. Please stop.

@fsaldan1 13 күн бұрын

It is abusive. I don't have to agree with him.

@ampiciline Ай бұрын

I would LOVE to see the fight between professor Henke ( Money supply doctor ) and Dr Jim Throne (inverted yield curve doctor )

@Carlos-im3hn Ай бұрын

It will be much better after the first US Treasury auction failure in 2024 with infinite tail.

@mth469 Ай бұрын

@@Carlos-im3hn US govt buys its own treasury bonds behind the scenes through shell companies. So there will never be a failed auction.

@jerryantonies5334 Ай бұрын

Spot on . Great points thanks for being honest.

@vivekdabholkar5965 Ай бұрын

Excellent interview and discussion

@GreatWhiteCat Ай бұрын

I'm an American, maybe I can help with the question of "I don't know what is in Biden's head." Nothing. There's nothing going on in there. Dreams about pudding, and random flashes of Matlock.

@pasqualeperri5661 Ай бұрын

Luke Gromen :austerity now will increase the deficit

@charlespeterson778 Ай бұрын

Right, right, right, right, right, right

@fsaldan1 13 күн бұрын

It is actually right?, not right. A way of bullying the listener.

@TheNoticer83 Ай бұрын

We are already in a recession. Inflation is already *way* higher than the retail spending increase, meaning that the only reason retail spending is positive is because of inflation. If inflation is 4% and you get a 1% raise at work it means you are falling behind. If retail sales were up 0.7% in march but inflation was 4% it means retail sales were down if you subtract the portion created by inflation. Americans aren't (historically) used to high inflation, so it's harder for people to make sense of economics in this environment. People's feelings are actually more accurate than any government report. You feel like we're in a recession? Because we are

@julietrapp1764 Ай бұрын

Really great conversation. Good advice

@goneviral8814 Ай бұрын

But any money spending or lowering of rates would easily cause inflation. In the USA there is stagflation going on.

@bpb5541 Ай бұрын

I agree with you. Should they cut rates we get hyperinfation. They printed WAY too much money. We know the FED is always late, both raising and cutting. This mistake usually did not cause too much of an issue... usually just a recession. This time with the debts being so high them being to late will cause a depression but that is what we need. We need a massive decline in prices. So in a nutshell we are stuck.

@RWROW Ай бұрын

Fiscal discipline in U.S. = big cuts in Social Security and Medicare (in face of rising retirements of baby boomers who mostly haven't saved) and/or big cuts in military spending,

@gordo3582 Ай бұрын

Need across the board spending cuts, maybe 15% plus balanced budget legal requirements.

@ronwinkles2601 Ай бұрын

The cuts need to start immediately by freezing all COLA increases for every government employee and retiree and all benefit recipients with Social Security included as well as Veteran benefits. This will be a start.

@timmySmith-jl8jx Ай бұрын

This is political suicide. It will never be a solution since the majority of the voter base is baby boomers and veterans.

@prolific1518 Ай бұрын

Yea that would bring in a depression quickly 👌🏿

@pasqualeperri5661 Ай бұрын

none of which will happen

@wilfhigginson465 Ай бұрын

The Fed will never allow a failed bond auction… they will Zimbabwe the dollar long before they don’t put a floor under treasuries

@klmn2000 21 күн бұрын

Good interview.

@jwill540 Ай бұрын

"Immigration is good" ok, boomer.

@infinityfabric Ай бұрын

Thank you for making my day better

@markhaines6034 Ай бұрын

I agree of his assessment of what is wrong with the trajectory and the symptoms. The economy in most develop countries are only able to grow by increase debt both government and household and population growth, this problem started in the 1980s. We have a similar problem in Australia, our government knows this and we've kicked the bucket down the road so long now that the moment we try to fix this there will be a collapse - So the government kicks the bucket further down the road by a massive increase in migration that makes it appear as if the economy is still growing, which creates a hosing shortage, renting crisis living standards continue to slide for the majority of the society. We are stuffed no matter what we do now.

@markwriter2698 14 күн бұрын

Correct. The solution will be painful, but might as welll address the issue and get it over with.

@warrickrumley4271 Ай бұрын

That’s how western economics work, “create a mirage for an economy & back it with ENORMOUS debt”.

@gregsavchuk3239 Ай бұрын

Jim Doom? This Modern Economy is driven by the 'Debt Engine'. Control the debt, control everything.?.? Credit to: Luca Barbareschi. Discredit to: Christine Lagarde Do your own homework & kind regards 2 all...

@YS-ys1us Ай бұрын

Eventually the earth will die, the Sun will die, the Galaxy will die, the universe will die. We all know😂

@Resmith18SR Ай бұрын

Hopefully not within OUR lifetime. 😂😂😂

@charlespeterson778 Ай бұрын

Right

@DistractedDaisy Ай бұрын

Yeah, civilization will die way before that happens!

@patrickcarroll3818 20 күн бұрын

Thanks!

@Jjmead Ай бұрын

Great interview

@geneeverett7855 Ай бұрын

What a clown 🤡. Inflation is surging. We need rate hikes

@gavrilogligoric280 Ай бұрын

Incredible there is still “experts” like these… for 15 years after 2008 they’ve been talking about Fishers debt spiral and still do even after inflation biting their asses… what an annoying clown

@JanRiffler Ай бұрын

Double digits are coming!

@charlespeterson778 Ай бұрын

Right

@curtissnow9546 Ай бұрын

Yeah cause the government can certainly afford that, higher the rate, the more owed to service the existing debt. 2-3 trillion a year on just paying the minimum payment is not going to happen unless they completely gut government spending, but they will increase spending and raise taxes like always until they completely drain what little productivity is left in the economy

@Vagabor123 Ай бұрын

Ya im not sure what deflation he is seeing.

@OldMiner-wj6rr Ай бұрын

This is BS !!! You must raise interest rates to stop this crazy spending! We cannot support the more spending! You are trying to prolong thing so you can squeeze a little more profit before it crashes, but it’s already crashing!

@DaveHawthorne-lk9mz Ай бұрын

raising rates would collapse it. rates need to lower to juice it up-for the short run-then address structural issues.

@markwriter2698 14 күн бұрын

Correct. You can’t borrow your way out of debt. Unbelievable the universities are teaching this nonsense.

@phisharkk Ай бұрын

by FAR your best guest i've seen dare i say ever. Jim wow what a bright mind. in his 60s at least? sharp as a fucking tack. quicker than almost all your guests. nothing was over or under explained, man this dude KNOWS his shit. his reaction to BTC ala commodities in '03 was *chefs kiss*.

@HoneyBadger80886 Ай бұрын

Lol..."cold storage in Switzerland ". Bitcoin fixes that. 12 word seed phrase . Cold wallet. Self custody. No need Bankers or "Trusted 3rd Parties" . Money Free from State and Corporations. Money free from Violence. Money that Stores Wealth...not steal it. #Bitcoin 😎. ❤

@Vagabor123 Ай бұрын

🙄

@markwriter2698 14 күн бұрын

Excuse me but crypto has been stolen by Bankman-freid . So crypto isn’t beyond abuse either.

@rickpearl1529 Ай бұрын

He lost me when he called Bitcoin a safe haven.

@rustybot4279 Ай бұрын

Then u should research bitcoin.

@bradw2k Ай бұрын

The trend is higher lows, maybe they'll hold. But overlaid on top is a combustible meme stock.

@user-hm5zb1qn6g Ай бұрын

He lost me when he said immnigration is good (as a throwaway line). And then his main them was that the Fed (and BoC) should cut interest rates as a way to fight inflation. This guest wants to pour gasoline on an inferno.

@bryanc1177 Ай бұрын

This is one of the smartest guys youve had on david. What a treat

@Carlos-im3hn Ай бұрын

smart a** who is an MMT fan. This is it. No Exit.

@mth469 Ай бұрын

The rating agencies essentially stamp AAA on all govt bonds because the last time the S&P tried to downgrade US govt bonds, the CEO of S&P was fired the next week. That was in 2012 and since then, no rating agency dare downgrade the US. So don't expect rating agencies to be reporting the quality of bonds. Just like pre-2008, mortgage backed securities were stamped AAA by these same agencies which turned out to be sub-prime mortgage junk.

@fsaldan1 13 күн бұрын

For this crime S&P was punished with a $1.5 billion fine.

@mth469 12 күн бұрын

@@fsaldan1 meanwhile the "regulators" who then left their govt job to join the private sector got good jobs from the same banking crooks they bailed out. Tim Geither who put a halt to prosecutions of bankers was making bank. Ben Bernanke was giving speeches for $300K a pop.. etc. Its a good racket if you can get in on it.

@terry92104 Ай бұрын

How can we be on the brink of perilous economy in Brandon's America? I was told the adults were back in charge.

@HoneyBadger80886 Ай бұрын

This didn't happen overnight. Nor over one administration. 4 decades in the making. Own it.

@terry92104 Ай бұрын

@paula80809 lol. Take a look at the graphs depicting borrowing. Notice anything in the most recent 4 years? Notice we are deficit spending $1 trillion dollars every 100 days. Facts are stubborn things.

@georgeyao436 Ай бұрын

Silver should be 1/10 of gold. If gold goes to 4000, silver goes to $400. Silver is poor mans hedge.

@rokyericksonroks Ай бұрын

Once it reaches a profitable level to do so, miners will start pulling it out of the ground. ‘Twas ever thus for silver.

@gwills9337 Ай бұрын

You’re assuming silver regains the same level of money-ness as those previous time. I’m also a silver bull but more realistic about adoption and ratio trades. I’ll be selling mine before 20:1, good luck

@user-lr5po4pl6s Ай бұрын

I didn't hear the jingle at the end! That's always the best part!

@dangaines405 Ай бұрын

Jim Thorne is very down to earth and articulate! One should listen up…

@bruce5895 Ай бұрын

The Federal Gov. both in Canada and the States are responsible for the downfall in the quality of living because they adopted the WEF agenda which in simple terms is geared to take way the peoples wealth, rights, freedoms and quality of life so only two classes of people remain, the very rich and the poor and everyone will be on the same income platform earning the same amount of money, meaning the good times will be gone as high density housing takes effect along with 15 min. cities, restricted travel, bans on meat products, going to a planted based system, restrictions on energy use, digital currency, negative interest rates, turning main roadways into bike and walking paths, elimination of all fossil fuels, pay health care, 24/7 hourly surveillance on your bank transactions, charges for having money in the bank, population control, maid service, bugs farms for your food and drink, limitations on dairy farming and milk quota's, universal income for the homeless to start, then maybe for the rest of the population, who knows whats next. Limits on farming etc.