Inflation already have a significant impact on individuals and their cost of living. As a result, it can cause negative market sentiment. It is important for individuals and businesses to find ways to navigate and potentially mitigate the effects of inflation on their finances. The current economic climate, including underperformance of financial markets due to fear of inflation, has led to a decrease in the value of my portfolio. I would appreciate any recommendations on how to potentially increase returns during this market downturn.

The stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over $90k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.

Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up $450k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.

@@LucasBenjamin-hv7sk Could you kindly elaborate on the advisor's background and qualifications?

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

Things are strange right now. The US dollar is becoming less valuable because of inflation, and other powerful nations waking up to trade in their own currencies. Good thing is, a lot of people still turn to the Dollar because of the safety is somehow assures. I'm worried about my retirement savings of about $420,000 losing value because of these factors and more. Where else can we keep our money?

It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance

Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns

I find this intriguing. Could you please provide me with the means to get in touch with your Adviser? I am concerned about my dwindling portfolio.

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

That is not dead which may eternal lie and with strange eons even death may die.

Long may He slumber…

Cthulhu fhtagn! Join the First United Church of Cthulhu before it's too late!!!

Ia! Ia!

A thousand thumbs up for the HPL reference.

Loool

Peter's like Chickenman: He's everywhere, he's everywhere.

He’s really in Never land. The US economy is not doing well…

In absolute terms sure. Relative to the rest of the world...

@@HankSemoreButz I like the irony of him telling this fable whilst wearing rose-coloured glasses.

It's ridiculous when I hear people say such a small amount has allowed people to remain jobless for all this time.

The PPP (payroll protection program) were to keep many people from getting laid off. The loans became grants if over 80% was spent on payroll. Lots of people were getting paid despite not working because of those programs. There was a massive increase in unemployment insurance. People making $10/hr were getting $16/hr equivalent in UI payments. We had a taste of UBI. Massive increase in demand from gov spending but reduced supply from supply disruptions and many people not working (COVID restrictions and vaccine policies). That’s textbook inflation. Literally the first three chapters of any intro to Econ textbook teaches this.

@@Medicine91 MULTIPLE studies show that more than half something around 60% of all inflation came from corporate price gouging and had little to nothing to do with the stimulus. another way to see this as just an excuse is every year we create the same amount of money and funnel it into wall street, defense spending, subsidies and others. yet we don't have massive price spike when a trillion is funneled into boeing or wall street. the moment that money went somewhere other than their pockets suddenly we had to have the excuse of inflation so they could scoop all that money back up and out of your hands.

With approximately $2T of "stimulus" going to people who are not me, and about 333M people living in the USA, that equates to almost exactly $6000 per person. I know that inflation has driven the cost of things up higher than that in the last 4 years. If your expenses have gone up $400 per month, then that $6K of stimulus would have been burned through in 15 months. But we've had crazy inflation for several years now. This is a little trick I call math. The numbers just don't jibe. And it wouldn't be a PZ video this close to election time without him taking a swipe at Trump. He's basically blaming Bidenflation on Trump's last days in office when Trump caused ????? to happen and he should be ashamed of himself. Of course it has nothing to do with Biden's drunken sailor approach to handing out money to all his donors. Compare this to Trump turning the horrible Obama economy around almost instantly upon taking office and indeed after he got elected, just knowing the adults would be in charge again caused businesses to re-shore for the first time in decades. But since that technically started while Obama was still in office in the months before Trump swore in, Obama took the credit for that. And nearly all the Libs insist that the good economy of the Trump years was based solely on Obama doing ????? in his last days in office. Of course they can never tell us precisely what ????? was, and none of them were promising to do ????? once Trump was gone. And why didn't Obama simply do ????? in his first year in office? Why did he wait for his last months in office to do ????? and make Trump look good? And why doesn't Biden do ????? today to fix the economy? Makes you wonder. Because the truth is, Obama and Biden went well out of their way to destroy everything they touched. They couldn't do anything right. Trump used sound business practices and stalwart leadership to fix the things Obama broke. Specifically (there's that word again) Trump pushed for immediate tax cuts, de-regulation, ending the war on energy, renegotiating foreign trade deals in our favor, and hosting peace talks to make long time enemies cool their heels and not start new wars. Russia was particularly boxed in by Trump's leadership, coupled with lowered oil prices, which cut off Russia's oil revenue. Bush - Russia invades Georgia. Obama - Russia invades Crimea. Trump - Russia sits in the corner like a good little boy and doesn't invade anyone. Biden - Russia attacks the rest of Ukraine. The difference here in leadership is night and day. Trump did specific things to make the US economy run like a Swiss clock. The other three broke things and didn't have a specific pro-American plan. Obama blamed everything bad he did on Bush, even 8 years in. Then he took credit for the things Trump fixed after he left. Biden (and PZ in this video) are still blaming Trump for Bidenflation, while simultaneously insisting there's not even a problem so stop worrying. Also while we're on the subject of the blame game, remember when Biden pulled out of Afghanistan without a SOFA agreement and the place collapsed instantly into chaos? He blamed Trump because Trump made a lousy plan for withdrawal. If Trump's plan was lousy, then why did you go through with it? You should have had your military experts review the plan, de-lousify it, and then go forward with your brilliant Biden plan for withdrawal instead. Even taking Biden at his word, he's admitting he's a lousy leader. This is the best case scenario, with me being VERY generous to Biden. He's a lousy leader. A wise leader would have torn up Trump's plan if it was bad. Back to reality, both Obama and Biden were horrible for the country. Bush Jr. wasn't much better. Donald Trump was easily the best President we've had in the last 100 years. We needed a "Reagan on steroids" and that's exactly what he is. We don't have anyone else with his business experience, leadership, and proven track record of success. Trump is the only sane choice.

@@protorhinocerator142Instead of saying all that, could you not have just said "I am profoundly mentally challenged" and saved us the IQ damage?

Me too - my father owned a truck repair shop and we also are farmers. Essential.

Are you sure u did not receive the 900 and 1400 dollar checks?? very unlikely, unless you earned like over 100k income or so. and the fact that you did work and ypur company didnt shut down might also be tha ls to the stimulus others received. Think it through

It's funny how "essential", mostly minimum wage workers, could be exposed to this allegedly super dangerous virus. I was delivering pizza at the time, and we were busier than ever during that period. People with better paid, mostly office jobs, could stay at home getting paid for nothing.

Peter can be objective when he wants to. Other times, he tries to overlook the factual when it conflicts with his ideology

​@@gcgrabodancould you explain? I find it ironic that someone with your grammar is telling anyone to think anything through

😂

lmao, the scene with the guy in civil war is crazy.

@@addygreen8919 I couldn’t be bothered to watch the movie, that scene was just meme’d

What Movie? I thought that was a Doco of current USA?

Underrated comment

Being and not being is two different things. Your grifter in chief drove interest to zero and left no tools for the feds.

@@georgeditzel3504 Is this a translation? I can't figure out what you are trying to say. Please explain.

Peter lost my ear when he said Biden by a landslide. That's just a delusional statement. Biden might win but landslide? Just stupid.

Well, yeah. Loosening fiscal policy is how you avoid or get out of recessions. It's the right thing to do.

@@hjones4922 We've run deficits for 24 years, racking up trillions of dollars in debt. Have we been in a recession or on the verge of a recession for the last two decades? You're describing a short term solution to a problem. But our reckless fiscal policies, which have been enacted under both Republicans and Democrats, have become longterm conditions. That is to say nothing of our ridiculous monetary policies. We've printed and pumped $20 trillion dollars of money into the economy through quantitative easing. We did that for a decade and a half. Even assuming QE is effective in the short term, it didn't need to continue for four presidencies. So, no, what we've done isn't the right thing to do. But our chickens are finally coming home to roost.

Sure....the Fed is feeding it with newly printed money.

The lack of commercials in his vids let me know that he's being compensated by some other source. I suspect that he's a paid cheerleader/promoter for the U.S. government. His messages are always inordinately positive and cheerful and never lay blame at the feet of Uncle Sam.

@@melissachartres3219 It's a case of telling Americans happy stories

Corporate profits are at all time highs

Eating out that often is a great way to stay poor.

@@tuele4302 the price of sushi is too damn high!

Peter is basically an access journalist -- he has to say what the administration and its strategists want him to say, or they'll cut him off from his information feeds.

Dollar amounts are easy up 20% due to inflation with zero increase in actual output.

Biden gotta keep buying those blue votes... now illegal immigrants will get to vote (blue). What a racket...

You must earn a shit salary if one $1,200 payment was more than you'd make in 2 years.

​@@tsubadaikhan6332you must not have a job.

That shows how bad the pay is where you work

@@tsubadaikhan6332Unemployment Insurance was paying people $1100/week

I wonder if Peter gets paid for product placement. He always has cool glasses. Of course, in 5 years we'll look back and laugh at them.

"Here's the problem with the Federation's economic model..."

@@nicholassmith7984This Romulan Embargo has got to go.

@@dendostar5436 😆

Replicators really mess with the economic models!

@@jeanlamb5026 Now the Ferengi are raising interest rates in response, and that could have loooong reaching effects…

More than half of us have been that way for 50 years.....

I second this. I’m paying off my credit card fine, but can’t afford a house. I have a MA degree in OH. Can’t afford a house. Need to allocate money better.

@@colingraham1585 The economy needs to allocate money better, and if that's to benefit citizens and society as a whole, it has to be seriously helped by a decent government. accountable to the people.

That sounds like a you problem

@@colingraham1585I’m a union pipefitter in a strong union state, have zero debt and a 20% down payment on a $230k house and still can’t afford a house..

Well, yeah. That is exactly the point of the government doing this. Peter is not wrong. They can decouple their people from the recession, and continue as if nothing happened -- until everything breaks. I live in Brazil, We have been doing a version of this for 30+ years. The economy endured as a zombie, and now for over a decade the economy is locked. It can't grow, even tho it had the demography and natural resources. If it's pushed further[it is being pushed hard], the country will turn into a failed state. We have a handful of years to leave normally -- after that We'll be refugees. So, If you are the small guy in the US, which I'm not and don't plan on becoming, plan to leave. There's plenty of time still, possibly. So, plan it properly. Expand your business into Australia or take it to an organized African or Latin country(there are a few). If you make the demand you attend similar for both countries, and Peter and I are right, slowly but surely the non-US revenue will creep up to near parity levels over the next 15 years, and you'll have more opportunities to create there. You can become a state leech of course, but I'm assuming you won't.

Or global warming / sea level rise, for that matter.

1 in 20 americans are millionaires. Millions doesn’t shield you from inflation, need billions for that.

Those people can pick up more property cheap on foreclosure auctions

Do I detect a dash of envy?

Trump wishes out loud for a stock market crash and everyone out of work, the way it was when he was in power.

That's right. Production of actual goods is not increasing.

IDK why so many people think bigger number always equates to a bigger and better economy. It's like they have no understanding of what the economy actually is.

Money paid to “ illegals” and money paid to Ukraine are tabbed in to gdp. Just sayin that could be skewing the data a little 😂

GDP is shrinking in true terms.

Smooth move, Ex Lax

not exactly the government. He's saying that it's very bad that the government is spending more than the private sector for the first time in American history outside of a recession and that it looks like Biden is planning to continue doing that (although he is also throwing in Trump as going to do it if he gets in too)

More like the CIA

Yep

Hahhaha exactly. He is no doubt a paid mouthpiece.

During secular inflationary periods, the inversion is less of an indicator of an economic slow down than secular deflationary cycles.

Fair point, but I’m not sure how applicable here. Again, historical patterns say otherwise, at least with respect to recession/hard landing.

@@golddoc3985 That said, there were inversions in '74 and '82 followed by recessions much to do with oil price shocks.

Exactly, it's because he is bidens puppet.

Treasury is distorting the normal shape of the yield curve by financing with short term T-Bills rather than a more normal mix of short, intermediate & long-term instruments

If the economy doesn’t grow enough, and as people start to pull out of the USD… System won’t break, but there will be inflation and people will be poorer. US Gov doesn’t seem interested in aiming for rising standards of living.

Baby Boomers gotta be coddled by big bro and then whine about big bro, so🤷‍♂️

This whole perspective of Peter’s misses it completely. He’s clearly in a bubble.

@@marcariotto1709not sure if it’s boomers.

Everything is fine...just most people can't afford groceries. 😂😂😂😂

Yea definitely a smartass that has huge left leaning bais that he tries to cover up with small criticism of left that he spins into a positive anyway. I Like some of his insights just have to know he's exaggerating and super bais

Most people on KZfaq are unhappy, that’s why they are here, think about it. As it is for the general public who are to busy living their best life’s to comment on yt doom n gloom, you will only be exposed to doom n gloom theory and comments which support you’re own therefore y’all double down on it.

@@fuzzyspackage Nah, consumers will pay the price. All debt will be paid via tariffs and inflation. That's how the system is going to work and some people are feeling it. Most people don't understand what's going on but they know their wallet is taking a beating. But the bottom line is consumer will pay the price. There are two ways to handle it. One, be an asset holder. Two, don't consume. It's simple.

@@fuzzyspackage I don't need KZfaq for doom and gloom, man. I simply refer to prices of groceries, gas, homes, childcare, etc. Peter is upperclass, Its incredibly easy to not see austere financial impacts when you can blow $800 on dinner out without wincing. I see it where I live. I am middle-class and the town over is filled with retired upper class boomers with Biden signs in their yards. Not a single Biden sign where I live.

@@henli-rw5dw Inflation is down a lot, and tariffs will be implemented strategically to avoid inflation if we keep the Orange Guy out of the White House.

Jab or Job?

@@Mr_Wh1democrats attempted to push vaccine passports in 2021 that would be required to access government services and jobs. Thankfully there was enough pushback that it didn't happen, but it has been conveniently memory holed by a lot of democrats

@@Mr_Wh1you had to take the jab or you lost your job…

My partner's parents had COVID around this time, and we were freaking out because the hospitals in our area were filled to capacity. No vaccine was even available to the general public at that time, it was only being given to emergency workers and high-risk segments of the population. I don't know what orifice Zeihan pulled that one out of, but it's a laughably incorrect statement.

Yeah. Not even close. Couldn't travel anywhere even in early 2022. Nothing was OVER in early 2021

He is also extremely bais. Let's be honest most of the stimulus during trump presidency was necessary. Remember his last year as president was 2020. It's really all the money during biden president biden that was unwarranted and reckless.

@@MountainMan-ADKThe Biden stimulus was completely unopposed by Republicans in Congress and Trump himself bragged at the time he would have made it even bigger. Trump fans need to get over this delusion that Donald Trump is going to do anything differently than Biden on the inflation question.

Zeihan is a CIA agent, he only pushes propaganda!

@@MountainMan-ADK What do you expect from a CIA agent?

The price of eggs here where I live aren’t high. The price has definitely dropped back down in the last year. High grocery prices at this point is the grocery stores “gouging” customers.

They have to pick their metrics carefully, to make the economy look "strong".

Define "record high inflation". How old are you?

@@joebehrdenver I was around in the 70s and lived through that mess. How old are you?

40 year highs in inflation. It’s Bidenomics for you

We literally have the lowest inflation in the developed world since 2021....3%. Go cry to the people in Turkey or the UK. Being a wimp and/or a MAGA cult member does not alter the context.

@@joebehrdenverIf we’re even comparing today’s inflation to the late-70s/early-80s, then you know things are bad. Would you be happy if he said “record-high inflation for anyone under the age of 40”?

Bidens gets results for people, trumps got results for the rich

OVer spenders of what! ITS MADE UP MONEY!!!!! ITS NOT REAL!!! ALSO THE PETRO DOLLAR IS DEAD!!! WE ARE F*&^!

True, but there was a very legitimate fear of very low growth or deflation which would have been substantially worse than the inflation we've experienced recently.

@@jerryrichardson2799 There was during 2020 but Peter describes what happened pretty well. Covid was clearly nearly over at the end of 2021 and trillions had already been pumped into the economy via the CARES Act. But Biden wanted to one up that and promised to buy votes with another trillion dollars of stimulus and so Trump did it preemptively in an effort to get reelected. Then Biden sent out another $1400 in stimulus checks even though liberal economists like Obama's economic advisor Larry Summers were warning against it. That probably all would've been fine but it was at a time when there were already supply constraints, and then Biden extended student loan forbearance, mortgage forbearance, rent forbearance, and most importantly enhanced unemployment which badly needed to end in order for the supply chain to repair itself. Then for good measure Biden passed an pork barrel spending act - 1.5 trillion fiscal year 2022 Omnibus Appropriations bill, a $1 Infrastructure bill, a $280B CHIPS Act, a $1T Build Back Better, I mean IRA act, and then started forgiving student loans for people who don't deserve it. Basically Trump and Biden are just two idiots that were having a pissing contest to attract low information voters.

thus RFK

Indeed we are.

It’s perfectly normal for countries that have too much centralized control which is the norm among other countries. It’s not normal for us.

Now your getting it.

Fucked is the new normal So is De-Dollarization And soon mass poverty

@@nunyabidness3075 for countries that don't innovate and grow for long periods of time and have lots of social unrest, yes normal for them

Covid deaths were and are still happening with more happening in red vs. blue counties thanks to lies, disinformation, and misinformation. It's just that people got fed up with even minor inconveniences such as masks. And it's not just deaths. Even some young, healthy people suffer from long Covid which drastically decreases your quality of life.

Apparently he remembers things differently than the rest of us.

We had lockdowns and masks into 2022 as well here in the UK. There was rolling news covering the number of 'cases', pumping the people full of fear. It went on and on and I feared it would never end. I never felt the slightest concern about catching it and indeed i did catch it and my immune system handled it without issues. It was a real lesson about how irrational people are and how easily they can be controlled. I feel sure it will happen again.

Fully agree, I don’t know what he was thinking when he said that. He doesn’t have a script or do specific research, though, so these videos shouldn’t be taken THAT seriously

@@whoshotashleybabbitt4924 There has been an attempt in the media to gaslight the people and claim the lockdown was entirely voluntary and businesses simply chose to close.

More like 250k.

@@forktheporkright

He’s parroting all the standard lines. His research team is just giving him what the economic consensus is and that consensus is often wrong

Yep

Or maybe it's his job to look at macroeconomic trends.

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.

Yes, but it's fine if you are part of the management class. No recession for them.

nobody cares about your private definition of recession.

@@martian9999 Your mom did last night when we were playing hide the salami.

There are more jobs than people filling those jobs… this is not a recession.

@@Stephenvguerraagree

Interesting it is that normally war and pandemics are the only events that is in any way leveling out the economic inequality. This time however, world over, the rich got richer.

And printing money... More money causes the dollar to lose it's value.

@@Psych1_- Yes, but they are not printing anything. The money the rich put in the Cayman Island is not there, there are no money in the banks. When was the last time you saw a rich person with actual physical money? so money today are just numbers in computers.

move to cheaper towns in the northeast or anywhere.

Right now, housing costs went down slightly from their peak and remained flat, even as wages went up. However, certain places, notably Florida with its climate change, are real problems.

Didn't the medical doctor profession inherit a schedule from a cocaine addict? That would cause at least half of the suffering of baby doctors. The other part is investors gobbling up homes making it an asset for them rather than for families.

yea its like modern age feudalism, cant really change your job because all opportunities seem to be shitty like the others, pay is ass, cost of living is insane. everything is built cheaper and cheaper. and were just here for the ride with no power to change anything. i make just above 100k a year, and even still, cant find a decent place to live even. no hope of buying a home even in maybe 10 years. only way would be dual income, and conveniently, nowadays people are nuts. so yea its pretty much serfdom. pick a boss that is a good person and hope they take care of you i suppose.

I too am slightly concerned about that, the banks still haven't been reigned in

Banks are overleveraged, roughly 15 to 1. In 2007 it was closer to 30 to 1. Peter's point is the recession is unlikely to come from private capital. And unlikely to occur while the US is on the printing sugar high.

Runaway Spending = De-Dollarization

@manofsan oh yes, the world will swap to rubles, lol

This has been happening since ww2​@@manofsan

What do you expect as a biais from this corporate, establishment guy?

Could you explain why personal spending is not inflationary?

@@wesholmes9012 I think the meant overall impact compared to the other two factors. The thing that people tend to forget is that inflation is always happening; we only notice it when it accelerates.

@@wesholmes9012 i am commenting on how peter said that that stimulus money was held on to and not spent. No blue collar workers just held that in their bank accounts. That went to pay debt, buy groceries, and deal with the new headaches associated with the 'rona.

You are wrong. Stimulus to corp has been happening since 2008. No inflation. Once people got the money directly, there was inflation.

If you are a U.S. tax payer, as of this morning you owe $266,952.00. And please bear in mind, we the taxpayers will be the ones responsible for the National Debt. Thanks.

@@jeffreywj7773 not really how it works.

​@@jeffreywj7773but who's going to call on collections to get this debt paid?

Let me explain why debt since 1971 doesn't matter. The United States government only spends the United States dollar, correct? So Who makes the money the US government is spending and is in debt with? It's the United States Mint and certified banks that makes all that money and it is the United States government that provides the assurance that the US dollar has value. That means that the United States government is effectively only in debt to itself. Further, the United States dollar is not backed by any standard, gold or otherwise. The gold standard ended in 1971. This makes the United States dollar a Fiat currency. Which roughly explained easily means that it is literally no better than the paper money you find in a Monopoly board game. Since the US dollar is just a Fiat currency, then you can print as much of it as you want so long as the amount that is in circulation is equivalent to the amount that is needed. Any less you have deflation, anymore you have inflation. But if you want to create more money to buy more without causing inflation, you have to have a reason to do so. That's where the national debt comes in, and that's why it's so extraordinarily high, and none of the financial experts in government seem to really be worried about it. The debt allows the United States government to spend unheard of amounts of money without affecting the economy. Or to put it another way, it's how the US government can spend virtually unlimited amounts of money without any consequence. If you've read this far you know that I mentioned fiat currency versus the gold standard. Let me explain this a little more. Before 1971, United States dollars, or paper money, was a representative note. It represented a certain amount of gold that was in United States possession. The United States had a gold standard since its founding. This is why the Great Depression was such an incredibly daunting and miserable experience for the United states. When the Great Depression happened, suddenly there wasn't enough money in circulation among the poor and working class which made up 99% of the US population. The United States government could not just print more money to put into circulation during the Great Depression because if they had, there would have been more paper money then there was gold representing it. In other words, if they had printed more money, without increasing the amount of gold in their stores, then all the gold would have been represented by more paper money then before, which would have meant that each individual Bill represented less gold, and was therefore less valuable. This is what happened to Germany in the great depression. When suddenly a German Mark that could have bought a loaf of bread was suddenly effectively worthless because the German government at the time responded by printing more money. Suddenly you would have needed millions of marks to buy a loaf of bread. Recall in the United States that the US dollar is a gold standard, which means physical gold represents the money the US prints. So to fix this problem, what the new President, Franklin Delano Roosevelt, did in response to the Great Depression was he signed a bill into law mandating that all US citizens had to sell their gold at market price to the United States government. When the Roundup was completed, FDR change the price of gold from near $10 an ounce to $25.00 an ounce. You can do this when you own it all. The result of this was suddenly everyone's US dollar was worth more. The United States government still possesses all that gold to this day. However the gold standard ended in 1971, which turned the US dollar into a Fiat currency. So what the government did by doing this, was it created a second currency. One was just gold and nothing else, while the other was just paper money. The US government along with certified Banks creates the US dollar, but it is only the US government that provides the trust in that Fiat currency. That is why the United States debt of 35 trillion dollars does not matter. That number could swell to 500 trillion dollars and it would not affect a thing. Again it's just fiat currency. The real money is stored in underground vaults. One of these vaults is at the United States Federal Reserve Bank in New York city. Stand in front of that bank and imagine 80 ft under that building sits 25% of the world's gold.

The more uncontrollably they spend, the more everyone will abandon the dollar

People can afford housing in Colorado, just not in places like Denver, which have terrible zoning and HOA laws that prohibit building more high-density housing. And no one wants to live in the parts of Colorado that's overrun by hillbillies and meth addicts, and where a near-majority of the population believe vaccines make you magnetic.

For an alternate take, myself and my friends are all through the front range in Arvada, Boulder, Denver, Castle Rock, Aurora, Golden and Evergreen...we are all doing somewhere between okay and great.

@@austinduke8876 Counter argument, I live in Fort Collins Colorado, damn near everyone I know is royally pissed off by the cost of housing and food, aside from the people insisting "housing prices are fine" as we walk past another group of homeless people, or "the economy is fine" as we walk past another business that closed, or "crime is down" as we- etc Right now I'm trying to find a new job apartment and car, and all I can say to the "everything is fine" people is, open your eyes, what are you people smoking.

@@Nioclas64 I didn't say "everything's fine". I simply claimed that there are people (a lot of people) that are doing okay or better and that shouldn't be something that bothers you. You are shopping for an apartment AND car right now, two things that have experienced massive price inflation over the last 3 or so years so of course you feel like shit. Tens of millions of americans arent doing those things and for us it's a much different experience. And that's my point, as much as your personal experience sucks right now (and you are not alone) there are a crapton of your fellow citizens that have a much better go of things right now. I completely believe your life is hard right now.

That's a problem of supply. We keep subsidizing demand thinking vouchers and stimulus will solve the problem. Just build more supply so the price comes down. Oh, except some boomers will rally together because they put all their money in property, an asset that _must_ come down in price eventually, obviously

K shaped recovery. Bidenomics at work

Speak for yourself.

@@gingerlicious3500 I don't need to, I have the data to backup my statement, disprove me or move along

Venezuela thinking

@marcustulliuscicero.5856 So do I. Median wages for the bottom quartile of Americans have risen at a faster pace over the last four years than they have in the last 40, and are far outpacing inflation.

Fact

We are certainly not in a recession. You are confusing a recession with competition.

Commercial real estate is in a depression. Mostly due to hangover from lower interest rates and structural office building value declines from lack of demand.

@chiefcarterphillipines I can hear trains from my house in the distance. There is much less train traffic now than even two or three weeks ago. What time period did the trucking orders reduce?

You're right, the trucking industry is brutal right now. But it doesn't necessarily mean we are in a recession. Believe me I feel your pain, even though I only have one truck. But this is a correction, not a recession.

​​@@JohnSmith-ti2kptrucking's been pretty hard for almost 2 years now. But what's usually goes un mentioned, is the previous three were out of this world. Best three I ever had. I put enough aside that I parked my truck for this summer, just to wait out the brutal conditions. I ain't worried

Sounds like A÷ crackhead economics.

@@big1boston who’s economics are “crackhead” my take? Peter’s? The administrations?

Yeah, I don't see inflation going away any time soon.

We haven't had stagflation since the Jimmy Carter years. High inflation coupled with broad wage stagnation. My bills are going up but my paycheck isn't. We didn't have this under Trump. Now with Biden it's the "new normal" and it "can't be avoided". And as soon as Trump gets in office and fixes it, they will all say it got fixed by something Biden did at the last moment, but never be able to tell us exactly what Biden did, nor why he didn't perform this magic miracle in his first year in office. This is the level of copium we've come to expect.

His take is macro, and you can disagree. I'm agnostic, but he brings up good points. Commenters seem to think he's biased. I don't see it. He's just using a particular valid approach. Economics is called the dismal science for good reason. But hot takes on economics based on anecdotes and shouldn't be the only approach. Individual stories have limited use. But in the micro, predictable inflation is desired, whereas deflation is not, which is indicative of a heavy recession, at least in recent years. The Fed's goal is 2 percent. It's at just about 3.3 percent right now, so the rate has actually gone down year-on-year. It's prices that are high, an effect of past high inflation... and gouging as far as I'm concerned. In the long term, we're all dead.

Thank you!!!

What is the source of your empirical lens?

It means the rich get richer and the poor get poorer. Neoliberalism 101. Wealth creation by inflation. Theyve disconnected average wages purchasing power from investments capital assets. They stopped the average person from ever owning anything. Cant buy house cant buy car cant buy land cant buy food. Moving back to feudalism.

The problem is you're getting all your info from KZfaq. It's really not that bad there's just a subset of KZfaq that loves doom and gloom and they make tons of videos about how 'bad' things are everyday because certain people love to click on it. It's the 'echo chamber' effect of KZfaq at work.

​@edfhobbies556 literally everyone you talk to, polling numbers. Statistics relative to debt increases, reduced spending etc. If you make under six figures you're suffering more now than before. Baked in.

He’s great at this, stats have almost an incalculable way of perception. Reality is prices are through the roof and cultural decline in this post truth era is creating anxiety and despair.

I'm not.

The global average is not a real figure. US also includes insurance in healthcare expenditure which other countries do not.

​@@Art-is-craft The comparison is based on expenditure not funding. Other developed nations - such as Australia where I live - may well publicly fund their healthcare system to a larger extent - but the total cost of delivery is what matters here. And on that basis given that US health outcomes are not at all outstanding, you have to ask if you are getting good value for all that immense amount of expenditure.

@@Art-is-craft OP overall assessment correct even given favor to your position; we spend too much on health care in US and don't get the bang for the buck.

@@philipwilkie3239 Total cost of delivery so you are excluding private healthcare in Australia?

@@Art-is-craft In Australia the public system dominates - private provision is largely for elective alternatives. I would imagine any sane comparison would include total cost of delivery across the entire sector - regardless of whether the funding source was labelled private or public. I'm sure we could quibble the details on a case by case basis, but it's plain as day US expenditure is 50 - 100% greater than most comparable nations.

Denmark?

What is your thoughts of the bird flu that caused it?

@apextroll my thoughts are that the bird flu didn't cause my milk, bread, and butter to go up $0.50 in the same amount of time. The bird flu isn't what is causing me to spend half my income on housing. The bird flu isn't what has caused the layoffs of 3 people and the cutting of hours for everyone else where I work. These are things I blame on a weak economy.

@@d.unterreiner161 I thought we were talking about eggs going up 4 dollars a carton?

@@d.unterreiner161 The layoffs are less "the economy" and more "your workplace". The economy IS growing rapidly -- and that is exactly why price growth has been nuts. There's simply too much money chasing around too few goods/services.

If y’all are whining about your grocery bill you really should stay off geopolitical news groups. Seriously. It’s like ants complaining about car traffic.

Americans are bad with money. Most of us, quite frankly, are fine.

The Employment stats for the US are way better than for us in Canada.

he has no credibility

He wears his politics on his sleeve. What do you expect?

The US overall is doing great, that does not mean everybody is doing great, I get the feeling that Peter doesn't like Trump .....or Biden, not sure if he likes Saunders either!?!

he literally doesn't say that, there's a full 3 minutes or more dedicated to pitfalls and antithesis

Tropical Underdevelopment

Thank you for the comment. Mountainous rainforests are difficult to develop.

@@charlescoon577 people who live in tropical climates are much more "lazy" because their lives are much easier.

They just keep printing money so it looks like there's 'growth'.

Economic growth is there it’s just “un-even”. Price gouging is killing the consumer in ways the government can’t fix

Well going to Russia or China will not be an improvement!?!

@@gking407 "Price gouging is killing the consumer" ... this is the part that should be focused on by educating the customer with facts. There's no reason prices to be this damn high ... 25% increase in price of food year over year is crazy

Zeihan is a leftist...what did you expect?

He has skills people are willing to pay top dollar for, let the man enjoy his life.

Don’t be bitter. Do better.

Cry about it 😢😢😢

@@anotheryoutubechannel4809 It's all you really can do, isn't it?

Tucker? That guy is irrelevant now

@@Allaiya. Doesn't stop Pete from crying about him. 😄 🤣 😂 😆 😄

@@secretname4190 well I’m not a leftist. Just independent. I haven’t heard of him in a long while since he’s been off Fox, other than the interview with Putin. Tucker is far right though since he often simps for Russia/Putin over his own country.

@@secretname4190 The ‘talking point’ of not liking a host bc he constantly sympathizes with an authoritarian regime? Interesting. I’d say that’s pretty standard American more than leftist. We tend to dislike dictators & kings. Even Putin made fun of Tucker to his face & he couldn’t do anything or actual ask him tough questions. I suppose to Far Right folks who are sadly brainwashed to view anyone who disagrees with anything Tucker or Trump says as an enemy. Sounds so similar to the far left & the days of communist Russia. Gotta love horseshoe theory in action.

​@@Allaiya. My country right or wrong used to be considered right wing jingoism.

NVIDIA now...

Yeah I think that's right, it helps soak up all the excess money. If people were to spend that money instead of 'investing' it, imagine the inflation.

​@@Mcfunfaceinvidia is up because they are supplying chips for AI. Others will figure it out. Check out the All In Podcast, they explained it better than I just did.

@@Withnail1969 The FED openly said they wanted unemployment to increase to help cool down inflation. OFC the money went to the stock market, it's not a coincidence the elite class sold near top. They printed the money with you as the collateral, then invested it in the market to increase the value of their assets, then sold. And people wonder why they're poor while the top gets richer.

Wait until the bird flu

@@radiowave12 they've been talking about the impending bird flu pandemic since I was a child, yet nobody predicted the pandemic that throws the clod of mud in the eye of modern civilization to come from bat soup in Wuhan. Whatever happens, just happens.

Yeah, what was he saying that COVID was over in January 2021???!

@@AndrewDasilvaPLT Nobody got vaccinations till March 2021, not even the old people.

Maybe because Covid was used for some sort of mass manipulation and it had served its purpose?

Exactly... I was baffled by that comment. There's only one side expanding the government and it's clearly not Trump.

That same comment had me immediately go to the comments smh

The business impact of covid was effectively over. The only reason for the stimulus was bc of lockdowns. You'll recall blue states opted to lock down longer post-stimulus bc of that. So he's 100% correct.

It's called being dishonest or being ideologically blinded. This guy also chuckles giggles at the bs verdict in the latest political bs trial in New York.

Inflation is radically higher than any number a politician will ever talk about. Peter has started to cope for Biden. It’s sad. I liked watching his content when he stayed out of American politics. The CPI is a manufactured metric. One quarter of the CPI is calculated based on the following question posed monthly to homeowners, “If someone were to rent your home today, how much do you think it would rent for monthly, unfurnished and without utilities? That has nothing to do with what I, or anyone actually pays for rent. It’s pretty easy to actually track rent increases, but the government relies on a random question put to homeowners? Let alone the fact that billions of dollars have been spent buying up housing by Black Rock and the rest of Wall Street.

Exactly

The unwinding of zero interest rates, supply chain issues, China decoupling, babyboomer retirement, etc. Lots of crazy stuff happening that isn't normal. Commercial real estate sales are down 60%.

There's no real growth it seems to me. Just money printing and stagnation.

I heard a similar story where I am. My coworkers husband got hired on at a car dealership a few months ago, and now the dealership has gone under, and he is out of work. Also, not too far away, the John Deere plant is cutting production and keeps laying off more and more people.

Ouch.

@@d.unterreiner161 If you live in a rural area, where many such factories are, things might well be rough, especially at John Deere; farmers are increasingly furious with their militancy against right to repair, leading them to buy older equipment, and a lot of people are not buying suburban lawn mowers because if they want one, they already have one; right now, moving to the suburbs is not popular.

You're doing better than most. I hope that things change the better for you and the many millions of responsible American like you who do the right thing but are getting screwed by our political and banking elites.

Having "no debt" and "great credit" doesn't mean you don't have most of your income already allocated. For example, leasing two cars and paying daycare expenses for 3 children doesn't show as debt or negatively impact credit, but ties up a lot of income.

@@Neirbo91 True enough but they have been able save up 30K. So, that means they are responsible with money. However, I know what you are getting at about income. I have perfect credit and make 6 figures income but I still had to jump through hoops to get my modest 480K home financed. I had purchased/financed 2 homes in my life before that and the process was much easier back then.

@jl696 Yeah, I'm not criticizing this person, but just pointing out that, while this description makes it seem unjust, there's so much indefinite language that this might be perfectly reasonable. What's not a major city? What's an affordable area? Also, 90K a year for a couple isn't that much, especially when supporting three children.

Sounds about right. I have a stem degree and I know a lot of engineers I know still live with their parents because engineers make not much over min wage here at this point. The economy is dead on arrival. If you can live at home with your parents you can save (possibly) but that is about it. You can't spend that saving and actually live a life. You'll still deplete it eventually. I tried...... myself earlier this year. (Don't drink. Don't smoke. Pretty boring lonely life can't afford to do anything.) Now I am in therapy (Thank god I live in a blue state with a good health care system) And the fiscal situation myself and a lot of young people are in has come up in therapy. Really young kids in their teens and 20s just checking out, I don't blame them. The system HAS to change. I do not see our politicians or leaders doing it.

It will become historically chinese lands and get surrounded in dashes on maps.

That's not a vast amount really.

Vast amounts of oil are under my butt. So what? Doesn’t matter until it’s produced. Good luck with that.

Don't worry I drink enough for the two of us.🍺🍻🥂🍾🍷🥃🫗🍸🍹

What time zone are you in?

@@jimcy1319 cheers Life is a comedy for those who think

@@Leftatalbuquerque Niagara Falls, Canada. Yeah I get up early...

​@@Leftatalbuquerque crackhead globalist timezone .

You are RIGHT! HELL IM ON SOCIAL SECURITY AND MY DAMN INCOME WAS TOO HIGH TO RECEIVE ANY STIMULUS MONEY!!!! THE STIMULUS MONEY THREW THE AUTOMOBILE INDUSTRY INTO A MEGA INFLATION MESS THAT MADE IT IMPOSSIBLE FOR SINGLE MOMS AND POOR PEOPLE UNABLE TO BUY A CAR. AND WHEN YOUR ABLE CHECK ON THIS!!! Illegal. Aliens are not buying insurance for their automobile. Poor people are not buying insurance for their automobile. Middle-class people are buying the cheapest insurance they can find regardless, regardless, regardless of coverage. If the cheapest insurance they can buy world skate by the state regulations People will buy it. This means when you are in an accident with one of these people they do not have the insurance or the means to fix your Lexus , your Cadillac, your ram 2500 diesel, or your Dinali, 2500 or your Dinali 1500. You were at the mercy of your own insurance, and you were going to pay dearly for it! Peter is a damn fool when it comes to money if he does not understand all of these issues, and it is clear, he does not understand them!

Sad life really.

Is he single? I thought he was with someone.

@@Eloign why sad?

@@markkuuss being almost 62 with no family and talking about politics all the time? Dude that’s sad. Traveling alone all the time? If you ever done either of those things it’s depressing.

@@Eloignstop being a hater

Technically we aren't -- by the current ways of arguing it we need a lot more unemployment for TPTB to say "okay yeah recession." (nobody in government ever wants to admit to recession)

When Trump was in office, I still saw people on street corners selling newspapers. Today I only see beggars on the street corners looking for a handout. Most of them claim to be homeless. Most of them probably are.

You mean the trillion dollars that have been pumped into infrastructure are not reaching your area? Too bad. Also, Black and Decker makes its toasters in the US, and GE makes most of its Appliances and Appliance components here.

Real Estate also has record low vacancies, and while delinquencies are high, it is still significantly lower than it was around the 2008 recession. I don't know where you got the small business rent figure, but I question the method used to calculate that number because it really feels way out, unless maybe it is including suburban landscaping companies, which might well be struggling.

carbon footprint is a scam sold to us so the people dont want polluting industry's which would make us a alot of money and power globally. they do this so industrial items are produced in other places so they have to deal with mass pollution. look at china and india they are global mass manufacturers, nothing we cant do, its something we WONT do anymore. we benefit by still getting our goods and they suffer by dealing with pollution and upkeep of industry.

LOL, totally. He’s such an undercover pimp for Let’s Go Brandon.

Go to bed, the adults are talking.

Yes, it's great when Elon pees away $40 billion wrecking Twitter, right?

​@@jeanlamb5026 Why should we worry about what he does with his money, when it's the gvt spending our money on BS ?

@@Antiteshmis Except Elon wants huge tax breaks for himself, and that really does hurt us. If he's crap like that with his money, who knows what he'll do with ours?

smh. He's solidly in the camp of that clique who's sucked up all the wealth at the expense of everyone else.

This is humor, right?

I think he’s talking about some of the wackier trump policies he been bring out

He’s knowledgeable, but biased. Too bad he doesn’t keep his political beliefs to himself.

@@timitator2517true

I think he meant government spending as the primary driver of the economy. He's predicting it will continue regardless of who's in the white house.

@@timitator2517if he kept his opinions to himself how would know who to hate?