Takes courage and persistence to wander out into the wilderness and build a new civilization but that is the summary of innovation.

@Bianca Rantzsch | Your Way of Life: I do agree, Markets are oceans not lakes. The prominence of basic or institutional financial managers cannot be overstated. Take myself, having faced my share of bad trades, Fortunately with the help of my Pm, I came to understand the essence of timing, capital, entry, exit, goal and how they each affect every asset. Currently hold a $415k portfolio averaging a 14% monthly roi in less than 7 quarters. so I do know the importance of basic knowledge and delegation.

@@mvanwie Yvonne Annette Lively the Inv. advisorr with Morgan Stanley? From a JustFin podcast Tate was on?

@@mvanwie Just looked her up. Records and wbpge are detailed but wouldn’t she be sorta pricy for 15% m-roi? Left a message though.

@@mvanwie I'm sorry to ask but do i get a call back after i missed her scheduled call twice? Her details tally. I wasn't exactly sure at first.

Adam is the same as Michael Pettis they keep arguing that because the USD is superior to commodities Russia and China will keep saving in dollars or the costs of using commodities are high. However, If you are saving in USD and even Eurodollars then that money will be seized you have no custody over it, that's the point. Inconvenience, costs will be trumped by national security implications. Most commodity producers are outside the G7 including OPEC they now know one false step and all their savings can be seized.

@@pt17171 very recently China and Russia, plus several other nations have sold their USD HOLDINGS. Why do you think that the USD has been significantly dropping? Of course this sell off had not begun at the original release of this video.

And Russia is armed to the teeth so no Iraq WMD style intervention will save the day this time.

I think having the originator of most of Zoltan's ideas - Luke Gromen - would be far more interesting. And would allow a proper discussion that treads new ground not just a rehashing of the papers.

Unfortunately I think Michael Hudson is just paid attention on certain circles only. The mass media, internet media I mean, like Facebook, is censoring even URLs from MH's site. A clear proof that they don't want people to know about Hudson's ideas and views of Russia or China's situation. That's because he is an US prestigious academic who can't be denied. Now, after Zoltan's article about the multipolar world, which dropped like a bomb that can't be ignored or censored anymore from American citizens. What is the new reality the US is about to face and how will it affect the US citizens? This is the real WWIII and it will be economic, not military, and this time the results will be out for everyone to see. The episodes with China and the USA during Trump's presidency will be nothing compared to this new world order multipolarity will bring, with very little the US will be able to do.

💯 However, he is not from the “right” school of political economy so he is ignored by the mainstream. In fact, his analysis is much sharper and better informed than Zoltan’s.

As has Luke Gromen, who Zoltan rebrands almost shamelessly.

He certainly has. This people should read his articles or his books.

indeed...

Please explain how any of those corrupt centralized forces have damaged the integrity of the Ethereum and Bitcoin blockchains.

Yeah, it's really set up for a salon type of engagement; audio is horrible since there were no individual mics.

Be grateful you got a video, you ingrates

The world has a natural currency- in a physical sense. It’s measured in Joules. Gold has value, but you can’t eat it, build a shelter with it, etc.

The answer is banking future productivity through automation and energy storage

And that Is Money

Crypto + energy + tech = power

Exactly. “Stuff” + “other Stuff” + “other Stuff” = Money is malleable.

I remember Tooze tweeting it March that Russia would collapse in a few weeks.

😄@@pt17171 He's British! enough said

Though the most his conclusions based on falls premises they sound eloquent for unsophisticated brains.

Luke is very knowledgeable. However, he predicted that by Sept 2022 the Fed was going to pivot, because of unsustainable interest payments by the US Treasury. Don't know why he predicted that, because he knows quite well there are +3 Tns in Reserves and +2 Tns in Overnight Reverse Repos with Fed. That's a huge wall of liquidity that will be buying Treasuries and IG credit each time the 10-year yield crosses 4%. By the way, that moment came in Oct 2022 and is almost back again (10 yr closed at 3.94 % last Friday).

@@jorgeponce5512 What happens to RRP?

BTC is a bunch of numbers on screen, not essentially different than the FED digits on screen. I buy Dash.

@@jorgeponce5512 What are those reserves? & how would the Treasury benefit from RRP?

@@issenvan1050 RESERVES: They have been created by a monetary policy instrument called Quantitative Easing (QE). Primary Dealers (PDs) buy Treasuries (bills-notes-bonds) at US Treasury auctions and then the Fed buy those instruments from PDs and deposit Reserves (aka Fed Funds, actual dollars created out of thin air via keystrokes) in the accounts of those PDs at the Fed. These Reserves peaked a 4.2 Trillions in Sept 2021 and are now roughly 3 Trillions. These Reserves are lent by banks in the repo markets to portfolio managers (e.g. to big behemoths like Blackrock, State Street, Vanguard, as well as hedge funds, pension funds, insurers, sovereign wealth funds from countries like Saudi Arabia, Singapore, Norway) who now can buy Treasuries at much higher rates than they have been in 16 years (e.g. right now the 6-month Treasury bill is yielding 4.93%, the 10-yr note is at 4.05%). So, by buying Treasuries, they can put sort of a ceiling on the rates the US Treasury will have to pay to all those institutional investors. RRP: The Overnight Reverse Repo is another instrument of monetary policy implemented by the Fed. In this case, the Fed "borrows" liquidity from 3 types of financial institutions: 1--Money Market Funds of 30 large investment managers of firms like Goldman Sachs, JP Morgan Chase, Northern Trust (and another 27) 2--Government-Sponsored Enterprises: This includes Fannie Mae, Freddie Mac and the 11 Federal Home Loan Banks of 11 cities in the US. 3--Large US, European, Japanese, and Canadian Banks. This is what happens: Those institutions lend money to the Fed at an Overnight Reverse Repo rate currently at 4.55% and the Fed gives then Treasury bills as collateral. For instance, the total overnight lending today at closing (1 pm) was 2,192 355 000 000 (roughly 2.19 Trillions). That is a lot of liquidity that all those financial institutions prefer to lend securely (against solid collateral like Treasury bills), instead of buying then at Treasury auctions. However, at some point, if rates keep rising, those 2.1 Trillions can be used to buy longer duration Treasury instruments (like bonds and notes at Treasury auctions) instead of short-term bills, as well as to buy corporate debt, both investment grade and perhaps some high yield (aka junk bonds) like BB-rated, thus helping to put a ceiling on the rates that corporations will have to pay investors for the corporate bonds they issue.

I think you might call it articulate

​@@ilovejimrogers waffling, droning.. Etc.

@@ilovejimrogers No! He's british

@@ilovejimrogers I call him annoying - seems to fit quite accurately. Ask a question - we don't care what he thinks.