My grandfather died in 1999 and was born in 1900. He stated this: “If a man’s handshake cannot be trusted, his signature is worthless”

The government has really called things more difficult for its citizens, and we can't sit back and bear all the consequences of the bad governance. It's obvious we are neck dip on inflation,it is always the poor who take the hit.

In 1975, when debt to GDP was 30%, the federal government wouldn’t give small loans struggling rail carriers that were burdened by labor featherbedding and govt regulation. So the carriers went bankrupt, competition lost, jobs lost, and we have trucks on freeways and a rail monopoly. Today debt to GDP is 120% and the government is dropping helicopter money and spending recklessly. The government mismanaged our economy, big time.

Comrade Joe !!! Wake up America. listen to the PROFESSOR

Why do we pay taxes if they can print unlimited currency? Why does US GOV borrow from the FED if we can keep printing? All the answers are welcome

Steve might be one of the hardest working people around. This man is literally coming out with a new interview for multiple channels everyday + his day job.. crazy Love your work Steve

Janet Yellen to China " overcapacity" " USA Government debt 34 Trilion dollars is overcapacity. 860 bilion dollars military budget is US overcapacity 😂

we went wrong with the start of the Fed Reserve and the income tax

Two questions I'd like to ask economists. The first one is why is it economist never call for an increase in taxes on corporations or the business class? The second one is if you only count GNP as a means of measuring a good economy, that does not take into consideration who received the benefits. Idf the benefits only goes to the investment class, you have factored into the equation did it raise the quality of life for all citizens?

Get it right - student debt was not in most part caused by irresponsible students - it was caused by irresponsible legislators. In the 1990’s I served as a university president at a public university. It is and was state funded - and historically tuition was collected and returned to the State government. Minimum sentencing laws greatly increased the need for more prisons, and legislators were loath to raise taxes. Shortly the legislature changed stripes and told the university to KEEP tuition AND the university trustees could now set tuition. What a trap. Less state money to run the place, greatly increasing costs, and only students to take the cost burden. Tuition at my university increased by double or triple rates, and soon students began leaving or defaulting. The solution? The FEDs showed, eager bankers in tow, with easy to qualify “free loans” with no need to repay until post graduation. A TOTAL screwing of students aided and abetted by irresponsible state legislatures, friend seeking FEDS and GREEDY bankers. We need to tell truth about the origins of this mess.😅

FAULT: YOUR CRAZY POLITICIANS AND CORPORATIONS

My favorite podcast of all time, learn so much about the economy, real estate and world affairs. Thank You keep up the good work.

because the sanctions that America has imposed on many countries have made many countries think about moving away from the US dollar and looking for other alternatives

This man is your best guest that I’ve seen- So much knowledge and wisdom.

Excellent discussion with Professor Steve. The professor discussed economics and politricks, and made truthful comments ! He is so smart and entertaining. I hope he can be brought into our next economy as we transition from the fiat financed. I think we are in a 3rd phase now: 1. 1971-2008, 2. 2008-2023, 3. 2024-onward Tangibles, commodities, and commodity banking will be a significant part of this 3rd phase...not fiat finance. Every day until the (huge debt) economic crash is a gift.

Who is at Fault. The US military industryal complex and the "" Federal Reserve Bank " Private Bank doesn't belong to the US government 😊

What a great interview! Thank you, Mr. Hanke.

I actually get what you’re All talking about. It only took 45 years. I was a sleep. Thank you

Awesome pod, thanks for this information, much appreciated. Love Steve’s viewpoints on these economic topics and politics!

I'd like to get a moderator response on the idea of what 30% to 36% interest does to society. Do you think creditors should be allowed to charge this much interest? I think that there should be a cap on what any creditor can charge in interest. Otherwise, yes, our society based on consumer spending will cease to be. People cannot survive much longer with 36% interest.

Reagon borrowed the SS money, never put it back. Reagon took 1 trillion Vietnam debt leaving 3.87 trillion. Reagon started all that we live through. This guy is part of the problem

Wash, rinse,repeat. Story of mankind.

Waiting for future consumption?! No disrespect, but inflation knocks that right out of the air. It’s currently all about accumulating assets as fast as possible.

Thank you for the interview👍🏻

As a Bulgarian, I can attest that Steve is a true magician! In 1997, we would have collapsed financially without the board. Pay attention to what he says!

it is interesting to see how Mr.Sachs is drifting from realty to economics

A wise economist said : “ Don’t do as bankers SAY - do as bankers DO ! “ They are the true insiders ; if the Central Bankers GLOBALLY are stockpiling physical gold , AND governments ( like India ) are also stockpiling PHYSICAL SILVER ! Silver is now 50% its all time high of $50.00 and that was in 2011 ! Adjusted for inflation - it’s FAR below 50% . Today would be a great time to consider obtaining physical gold/silver . Peace ☮️

Always good listening, things I wish i could have done right.

Brilliant, Steve is awesome

Your studio is so professional!

I believe that the strategic decision to invest in Chip manufacturing technology that the world needs to move forward is far superior to taxpayers subsidies of professional sports. Cincinnati taxpayers passed a resolution to increase taxes for $260 million to build two stadiums. After the resolution passed, the city leadership and club owners then spent $1 billion to build a separate baseball stadium and football stadium for teams. Thus subsidizing the millionaire owners, and then coming back to the taxpayers for more. have built the stadiums and then blackmail taxpayers into building them a new stadium when they threaten to move the team to a different city for increased owner profit it would’ve been a far superior plan to offer Toyota or Honda or Nissan $1 billion to subsidize a plant build cars to hire thousands of full time assembly workers keeping manufacturing in Ohio

Todd at this rate, after the crash, you are going to have a segment on CNBC! Really great quality video.

Happy Saturday! Coffee with Todd!

Good talk thanks guys.

Excellent

OmG is this the guy who gave us Reaganomics? 😳

Wonderful!

Great interview.Haft to ask who is considered the most influential as well as second most economist. I googled years ago economist who predicted the GFC then searched for interviews

The inventory just went bonkers in Florida!!!😁😁😁😁

You elect your representatives, and your representatives work for the lobbyists. What do you expect?

Great show, and I certainly enjoyed it. Your interview was great as you both let each other get your point across, something that doesn't happen in MSM which seems to want to steer the conversation where their puppet masters want it to go.

There is no light at the end of the American economic tunnel…

I love Warren Buffet's take on taxes. He said that Berkshire Hathaway paid $5 billion in taxes last year, and if 800 companies did the same, no individual taxpayer would have to pay a dime in taxes, and we would no longer have a deficit. There was a time when his company was taxed at 53%. Corporations now pay less than half that. Can we talk about that? Taxing the poor working class and gig workers to death while large corporations pay virtually nothing by comparison. The new corporate paradigm is to make all their workers 1099s. No wonder everyone is in debt. It's shameful that we are in this position.

We admire you Professor. Thank you for this interview.

Thanks for sharing your pets . Love nugget and his interaction with other pets. Animals are so fun to watch

Great information

Amazing interview. I could listen to professor Hanke all day😊😊

Love this guy

Senators Dole and Lott are often overlooked regarding the reining in of federal spending at the end of the 20th century.

Real estate podcast????? Much more than that!! This is what the web is for.

Great interview great guest 👍😊

What went wrong with the US economy? According to Trump, it's "Chainah, Chainah and Chainah!"😂😂😂😂

This is a great & informative session. Thanks for bringing Prof. Hanke for a talk. learnt so much in this conversation. Very useful knowledge to navigate the tricky money world of these days! Cheers

Reagan started the deficit spending

Brilliant interview Brilliant Program Definetly Like 👍👍

A real adult in the room at this maddening time. Yes,trust is everything.

So He was the guy, who made "TRICKLE-DOWN" phrase??

The rate at which government expenditure is rising is faster than people's earnings. Taxes can only be raised that far before be feel a state of slavery, especially if taxes become more than 50% of people's earnings.

This seems like the worst period. Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!

Our congress has no idea how we Americans are feeling, we individuals are fed up with this treasonous administration. I feel pity for our country. A lot of people are suffering to survive! I appreciate Lindsey Jaedyn! Imagine investing $2000 and receiving $10,500 in 5 days

BRICS + 20 countries will finish the US Dollar by Not using the US Dollar in trading between themselves 😂

Can anyone name the owners of the Federal reserve? Who gets the 3% interest we are paying?

A persons handshake means little anymore because of the break down in families. Back in the day, your handshake was your bond because no way you wanted to embarrass or give your family name a bad name. People have little pride anymore but that is what comes with having broken families. Fathers matter.

Forgiving student loans never made sense to me, but this discussion made me realize that the banks benefit as much or more than the people who are getting their loans cancelled. Could this be yet another creative method to bail out banks using taxpayer money? The failing banking system is the elephant in the room, with the worthless fiat dollar front and center.

Now if we could get the government not to spend more than they take in,but we all know that will never happen don’t we.

Great guest! Very easy to understand. Love this episode.

Nice set, Todd. Your'e interviewing skills have greatly improved.

yes, I agree that there are government subsidies for chips. however, this is a strategic spending decision so that we both have electronics for defense, as well as to keep our modern technology world working of all things we are spending money. This is an investment in the future. it is also strategic because it will keep us out of a third war overTaiwan if the US can be independent of Taiwan lock on required highest technology chips.

Gun vs Butter issues Nation chose gun to be powerful at the expense of economy Common Sense at fault

Are we better of printing US$ (its OK if US$ value decreases -- make imports more expensive). Its OK to spend on infrastructure, encourage industrial investment, education, entitlements....etc. Something to consider?

Nationalise the financial services industry and balance the USA budget,

They don’t discuss the huge bank subsidiesthat kept them afloat during the mortgage loan debacle.

The US national debt is more than $34 trillion, with 22% of it held by foreign entities. The US also has $40 trillion in unfunded Medicare liabilities and $26 trillion in unfunded Social Security liabilities. The US dollar is the dominant reserve currency, backed by its perceived strength, allowing the US to print unlimited dollars as long as the world maintains trust in it. The US dollar is the backbone of US power, and any actions that undermine confidence in the currency threaten to destabilize its position of dominance. Each unilateral sanction imposed by the US risk damaging the stability and credibility of the US dollar, leading to dire consequences for the nation's power and influence. The US is the only country actively undermining the strength of the US dollar. The freezing of Russia's $300 billion currency reserve by Western governments may lead countries to reconsider investing their funds in US Treasury bonds and finding ways to reduce their use of the US dollar. A significant portion of US dollars is held outside the US, estimated at 60-70% of all US dollars in circulation, due to its status as the dominant reserve currency and wide use in international trade and finance. The one trillion dollar trade deficit of the US is a consequence of being the reserve currency, as a strong dollar makes it difficult for US businesses to export goods and services while simultaneously making it easier for other countries to sell to the US. Countries are expending resources and labor making goods and shipping them to the US in exchange for green pieces of paper. The US is sending back mostly empty containers. The US budget deficit is $1.7 trillion in 2023 which must be paid for by selling more Treasury bonds. The interest on this debt is greater than the military budget. To pay the interest on its debt, the government sells more Treasury bonds, leading to a cycle of increasing debt. The US printing of dollars has been exporting inflation in other countries for decades, but will eventually increase US inflation. Raising interest rates to fight inflation decreases consumer and business spending, increases the trade deficit, and higher interest payments on government debt. Other countries will respond to the US raising of interest rate by raising their interest rate, risking global recession. The Plaza Accord addressed this issue in the past, but it will be challenging to implement such measures now. A well-run country collects taxes to fund essential services and infrastructure. In the US political system, wealthy corporations and individuals can lobby for tax breaks. The shortfall in funding for the US government has reached $34 trillion. Instead of collecting taxes from wealthy corporations and individuals, the government pays interest to them. Banks hold Treasury bonds for their safety, liquidity, regulatory compliance, and potential profitability. When interest rates on Treasury bonds rise sharply, the decrease in existing bond values reduces liquidity and makes it harder for banks to raise cash quickly. This causes depositors to lose confidence, triggering a bank run. In response to the current bank run, the government is issuing Treasury bonds to raise funds to compensate depositors for any lost funds. There are $19 trillion in deposits in US banks. The estimated unrealized loss on US banks' financial assets is $1.94 trillion, while the total size of their equity is $2.1 trillion. SVB had taken a $15 billion loss, while their capital is $16 billion. Around 2,315 of the 4,800 banks are currently sitting on assets worth less than their liabilities. It's a systemic issue. A similar issue is being played out with risker Mortgage-Backed Securities (MBS) valued at $12 trillion. The new Bank Term Funding Program (BTFP) helps prevent discounted bondholders from taking losses when they have to sell them urgently. The BTFP accepts discounted bonds at face value to be used as pledges for loans to inject more money into the economy. Risking more inflation. It's a Ponzi scheme. Ponzi scheme cannot taper. We reached the can and there is no more road.

TRUTH

Great podcast terrific guess thank you for doing such an informative and wonderful job of reporting economics and facts

BG!!! bravoooo brat! ne znaeh che si bil s nas! qkooo!!!

Our untamable inflation is the result of ongoing relentless sanctions against everyone else but inevitably hurting ourselves

NIXON 😮

In 1980 we had 1 trillion debt Today.as you know is 33 trillion .so 2000 years of country 1 trillion debt .then 40 years 33 trillions. .what happened with the spending why we borrow so much money? How we spent 33 trillions in a short time?

All of this started under Reagan.

7:00 its a monopoly on counterfeiting

China's "overcapacity" will eventually reach to the point where people around the world would ask, do we still need US green paper? The more sanction the US put on China, the faster China moves to that direction ---- "overcapacity".

It is Convient that Hanke uses his example of subsidies for Chip Act but makes no mention of the massive subsidies given to Oil Companies. What a joke!

I wish todd could hold his bias back during these types of interviews because hes been getting some really smart people on his show and really shows the difference in intellect between himself and the people he interviews. He obviously knows real estate, but when he starts talking about politics and finance like he knows something, he keeps getting wrecked 😂. Leave your policital bias asside when youre talking with smart people.

You can't deal with the devel you have to do business with your friends not your enemies, so no bricks members 😢

One question. Who is behind and for what reason is every one of your videos consistently crying wolf. This guy may have a lifetime of credentials, but that does not make him correct. For one thing, he is a Reagan Supply Side, Trickle Downer, that should be enough to prove his incompetence.

What's laughable is that Mr. Hanke suggests an individual keep a positive cashflow. In other words, balance your budget. Why should I if the US government refuses to do so?

Where are the Harvard economics professors. Structure or renegotiate a repayment plan. American Nightmare

71..and Reagan .

There is a way to pay the debt that the reserved learned in 2009. Crash the stock market really well, then step in and buy 10 trillion (most of the market), then pump it up again, and sell it. Also you can buy banks as they go slightly insolvent, and wait until the real estate gets better. Most of the crash was caused by mark to market accounting, which bankrupted the banks. Another secret is 7 trillion is not really even debt.

We need to reform from debt to charity monetary system and enable the treasury to print our money than the private banks. For more details listen to Money masters made by Bill Still

Protect yourself, purchase physical gold.

Convention of States

Return to being an honest builder, Todd.

Nice guy and very knowledgeable guest.

Imagine if USA is friends to all countries, the market for USA products will be enormous. There will be work for all Americans who want to work!

Oh, boy! Another book.

Inflation IS a tax.

As far as the people living here saying that they are Americans Many never lifted any thing but a comment and still have no idea of what is CALLED AMERICA 👀👂👂✨

The Uniparty…..