Chamath Palihapitiya Brilliantly Explains The Big Debt Catastrophe

Рет қаралды 27,323

Күн бұрын

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Chamath Palihapitiya is a Canadian-American billionaire venture capitalist, engineer, SPAC sponsor, and the founder & CEO of Social Capital. He was an early senior executive at Facebook, working at the company from 2007 to 2011, before its IPO.
Chapters:
00:00 - National Debt Disaster
03:40 - Crisis-Like Spending, U.S. Socialism
06:01 - What 80 Years Of Data Say
08:12 - The Fundamental Structural Problem
09:27 - Simple Explanation
10:18 - Housing Crisis, Healthcare Crisis
11:46 - The Good Things From Chamath's POV
13:27 - The Bigger Problem
15:59 - Do Billionaires Carry Money?
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Пікірлер: 83

@JessicaFloress-gc7pq 2 күн бұрын

*DONALD NATHAN SCOTT.*

@kortyEdna825 13 күн бұрын

We are already in the big crash, Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.

@Pamela.jess.245 13 күн 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.

@foden700 13 күн бұрын

You are right! I diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above 1.3m in net profit across high dividend yield stocks, ETF and bonds during this red season.

@PatrickFitzgerald-cx6io 13 күн бұрын

How can I reach out to this coach? because I'm seeking for a more effective investment approach How good is this person at portfolio diversification, particularly with regard to digital assets?

@foden700 13 күн бұрын

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Colleen Rose Mccaffery” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@PatrickFitzgerald-cx6io 13 күн бұрын

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.

@nicolasbenson009 13 күн бұрын

The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenback. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...

@jones9- 13 күн бұрын

They do say gold will crash in a liquidity crunch However, many of those holding precious metals are preparing for such an event. So they are unlikely to be forced sellers. The paper market would tank and hopefully collapse.

@SandraDave. 13 күн бұрын

Hearing from an experienced investor who has survived adversity and prevailed is always motivating. It may be frightening when your portfolio goes from green to red, but if you have invested in strong firms, you should maintain growing them and stick to your goal.

@KarenLavia 13 күн бұрын

I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.

@EddyAgnes-vy4kp 13 күн бұрын

Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch if you don't mind

@KarenLavia 13 күн бұрын

My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

@Moontunas 15 күн бұрын

We’re already being taxed wayyy too much!!! With hidden taxes we keep maybe 30% of our paychecks.

@HumblePeon2 15 күн бұрын

and thats before the inflation. we're basically slaves at this point

@mcslappynuts857 14 күн бұрын

Facts. I made 3500 on a check and only got 2300.

@appsbroadhurst5500 13 күн бұрын

If you pay 30% you're poor.

@Moontunas 13 күн бұрын

@@appsbroadhurst5500 huh?

@appsbroadhurst5500 13 күн бұрын

@@Moontunas the richer you get. The less tax you pay. It's unethical. But this is basically how it works.

@-Believeinyourself- 15 күн бұрын

Our ancestors dumped trade goods into the ocean because the British were trying to put less than a 1% tax on them. Think about that and then look at us. We allow ourselves to be ruled over and enslaved

@user-tk7gm6vr5f 15 күн бұрын

Weve been waiting for the collapse since 2012 😂 Come on im getting blue balls

@cl5619 8 күн бұрын

End ALL military spending.

@fouad1224 15 күн бұрын

not a mention of corruption?

@thecookingshorts 14 күн бұрын

LOL this guy runs companies to $0.10 cents a share

@user-ol7tl1vf5m 14 күн бұрын

The debt-based system has created an environment where the pursuit of profit often takes precedence over people’s well-being. This has led to an incredible buildup of debt, which can no longer be sustained. The consequences will likely be far-reaching, impacting individuals, businesses, and governments alike.

@christophergreen4367 9 күн бұрын

Greed is everywhere you turn. It's impossible to escape. No one is talking about economic sustainability.

@upner4169 15 күн бұрын

WHY TAXES? CANT THEY JUST PRINT MORE MONEY…OH NO, NOT FOR THAT,WE HAVE TO BE OBEDIENT AND PAY THEM.

@jackwilke3268 15 күн бұрын

LETS GO. Thank you. Love more chamath

@user-ku2yk4qi3r 15 күн бұрын

Tax cuts lead to more revenue It’s the spending that’s an issue Government is too bloated

@truthsetter5155 12 күн бұрын

Well, i dont know if it's politicians or corporate greed, but we can't keep going in this direction and expect good things. It's a mathematical certainty.

@whdndrn 12 күн бұрын

Lower tax is great if the wealth gap can be eliminated. Does it make sense CEO makes 1000 times income of the average employee? If CEO is whoever gets paid 5 times the avg employee would that petson perform less than the overpaid CEO?

@micheal_mills 6 күн бұрын

America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

@donna_martins 6 күн бұрын

Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. this year will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment?I can't afford my hard-earned 180k savings to turn to dust

@robert-1miller 6 күн бұрын

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

@ilyaveysman. 6 күн бұрын

Mind if I ask you to recommend this particular advisor you using their service?

@robert-1miller 6 күн бұрын

Credits goes to " Vivian Jean Wilhelm " one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

@ilyaveysman. 6 күн бұрын

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.

@meekoosh 14 күн бұрын

Why even tax us if we just print it. What a big scam

@andrewquin5365 12 күн бұрын

Once you go past 90% debt to GDP the rate of economic growth slows down. The future is set for stagflation

@bpb5541 15 күн бұрын

401k accounts are part of the problem! If everyone is forced to invest… true price discovery is impossible. Which means we are in the bubble of all bubbles. If that cracks wide open folks are going to devastated! I think a lot of folks are at great risk and don’t even know it! But they will!

@appsbroadhurst5500 13 күн бұрын

No. Forcing investment doesn't cause this problem.. The biggest issue of value is against non USA citizens and not within the country

@user-lb4yx1ms5f 12 күн бұрын

Politicians are sleeping on the job.

@cecipalacios1007 11 күн бұрын

UNDERSTANDING HOW USA GOVERMENT ECONOMICS AND OTHERS WHO ISSUE THEIR OWN CURRENCY WORK IS KEY TO UNDERSTAND THAT THE SOLUTION IS MMT!!!

@brettogata4410 14 күн бұрын

Ok folks think real hard, is you look at all taxes to include social security, Obama care, medicare, gas, anything that is not a choice not including required tips. I’m at 50-60%

@speteydog2260 14 күн бұрын

Special interests = government dependency

@CapeSIX 15 күн бұрын

I don’t agree with you at 9:20 …. I’d rather have people collecting a paycheck off the gov should be required to “dig a whole and fill it” 40hrs week to earn an income. But I’m 100% fine with them being forced to sit in a room. But they also need to option to go to in person training, mock interviews, job fairs. If they choose to just show up and collect a paycheck 🤷‍♂️ it’s better than just mailing it to them.

@GreenTRC1 11 күн бұрын

It's too bad the US government didn't focus on making sure millennials were financially literate before leaving high school. The story would have been different today. The US would have been kicking ass economically.

@marvinkamei7007 15 күн бұрын

they kow exactly whats going on!! They are not stupid people in any government!!

@user-xd9xy5yl9l 14 күн бұрын

And the rich will make sure they get richer using privileged information, tools and leverages you don't have access to, and are invested in assets that go up like crazy while you are trying to make ends meet.

@alanalain4884 14 күн бұрын

Without more industry and production of tangible stuff, it's gone. What is US gone live of ? Tertiary service ? Artificial stock market ? It's an endebting dead end.

@DG123z 15 күн бұрын

Ai and robotics will increase productivity which will decrease inflation and goods and services will become much cheaper

@Isaacaijazebf2j 15 күн бұрын

Nice joke still inflation won’t decrease that much as productivity will reduce people will be jobless most of the people and AI in everything is still a far away thing will take atleast an entire decade for that to happen till then American debt will be at above 40 trillion US dollars also Americans are still too much dependent on fossil fuels for meeting energy needs compared to other countries around the world which are switching to Renewable Energy sources and America lacks alot behind when compared to those countries around the world!

@harismuzaffar1151 15 күн бұрын

lol

@divyasinghphougat8520 15 күн бұрын

That productivity is not to be shared. We're not in a capitalist dystopia.

@DG123z 15 күн бұрын

@@divyasinghphougat8520 it's already being shared

@MsCGarnica 15 күн бұрын

Yea right and no one then will have an effing job to go to!