🚨US DECLINE: Massive Bank Crashes, Economic Downturn Accelerates

🚨US DECLINE: Massive Bank Crashes, Economic Downturn Accelerates | Prof. Richard Wolff (Part 1)

Рет қаралды 322,650

22 күн бұрын

This is Part I of the interview with Professor Richard D. Wolff. Watch Part II here: • 🚨 US HEGEMONY ENDS: Ec...
Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University, New York City.
Earlier he taught economics at Yale University (1967-1969) and at the City College of the City University of New York (1969-1973). In 1994, he was a Visiting Professor of Economics at the University of Paris (France), I (Sorbonne). Wolff was also regular lecturer at the Brecht Forum in New York City.
Prof. Wolff is the co-founder of Democracy at Work and host of their nationally syndicated show Economic Update.
In the interview, we discuss a rapid decline in the U.S. economy and reasons for a looming banking crisis. Professor Wolff points to the Fed's plan to prepare for an economic crisis while misrepresenting the data to the public. Professor Wolff concludes that even though it is clear that the United States will face a severe banking crisis and bank consolidations, the "plan" is to let it collapse in hopes of a government bailout.
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▪️www.democracyatwork.info/
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Disclamer:
The information provided on this channel should not be construed or relied on as professional advice for any specific fact or circumstance. This channel and its content are designed for entertainment and information purposes only. The content available is created to provide a general overview of a topic and is not a substitute for professional services. Always seek the advice of a finance or a legal professional that would take into account your specific circumstances. Opinions expressed are solely my own. Only publicly available information has been used.

Пікірлер: 918

@lenapetrova 20 күн бұрын

Thanks for watching! This is Part 1 of the interview with Professor Wolff. Watch Part 2 here: kzfaq.info/get/bejne/gNSBgK56ya69oYk.htmlsi=Gnv8Q3WqKj6U3Yp1. Stay up to date on Prof. Wolff's work - www.youtube.com/@democracyatwrk. Follow on X(Twitter): twitter.com/Lena_PetrovaOnX, Rumble:rumble.com/c/LenaPetrova and Substack: lenapetrova.substack.com/ stay updated.

@bobfisher-zd2lt 20 күн бұрын

Ok Lena, Dr Wolf. Great information on national and world economic. We hear you loud and clear. How about some feasible options of what Americans can plan to help survive whether here or elsewhere???

@verypleasantguy 19 күн бұрын

Massive Bank Crashes and Economic Downturn are all part of *_their_* design (you know who *_they_* are) When bank crashes, *_their banks_* will always be the first to pick up the treasures, and they will leave all the trashes behind, for the government When economy goes down, again, it's *_their corporations_* will be the first to benefit You know who *_they_* are, and *_their plans_* are making all of us poorer

@user-db8pl9kd1z 20 күн бұрын

Of all the shows and videos that I watch on television or on the computer, yours is one of the few where I see the host allowing the guest speak without interrupting or contradicting them. This is so professional. At the end of your videos, I feel that I have engaged in the conversation and have learned a lot. Really well done Lena. Thank you so much!

@mikesmith-nj1ij 20 күн бұрын

It's not as rare as it used to be. You listen to MSM channels that's typically the case... But people who actually want to hear what their guests have to say, their channels are growing. It's really pointless to listen to people getting cut off and hosts pushing an agenda... Let your guests talk and ask interesting questions... It's pretty simple

@afisemenaborevlaka48 20 күн бұрын

You didn't learn anything. It's never ending wars and governmental outrageous laws that create all these problems. The rest is mumble jumble.

@charmaine8512 20 күн бұрын

Got to know the foundation years or genetic make up for such people

@richardgraham7055 20 күн бұрын

An interviewer without pertinent observations has nothing to contribute but whiffle ball questions agreed with the guest beforehand.

@user-xb8vb6sd9j 19 күн бұрын

I suggest Dialogue Works to you. That is exactly what Nima does on his channel, calm discussion. Many similar guests but more geopolitics.

@feriateam8074 20 күн бұрын

Banks should not be Bailed Out by Tax Payers... a Failed Bank should be Closed and then allow other Banks to fill the Void.

@M-L450 20 күн бұрын

and the money you put in the bank goes where?

@BrainWaves399 20 күн бұрын

@@M-L450 From insurance..pardon my naivety.

@nachmanshalom6975 20 күн бұрын

@@BrainWaves399Sorry. FDIC IS 750Billion in the hole.

@davidlough3189 20 күн бұрын

If the bank has your money, you will bail in.

@toddroper7944 20 күн бұрын

@@M-L450 the depositors should lose their money. Keeping your money in a faulty institution is not a problem for society as a whole.

@guycossettecossette7444 20 күн бұрын

After 4 bailouts since 1980 , well informed people are sick and tired of those banksters

@macpat6458 20 күн бұрын

Banksters? More specifically. "James Mayer de Rothschild, head of the Rothschild banking family of France (Banque Rothschild), became the official "Papal" banker. His Naples-based brother, Carl Mayer von Rothschild, geographically closer to Rome, went to meet with Pope Gregory XVI in January 1832." "The text on the photos named Benjamin Guggenheim, Isa Strauss (actual name Isidor Straus), and David Astor as three wealthy men who died on the Titanic. So far, so good - the men were all real and wealthy. Below each name it says “opposed new Federal Reserve Bank.” The Titanic’s sinking happened in 1912, and the opening of the Federal Reserve happened in 1913." "It would not be until 1913 that the Rothschilds would be able to set up their third central bank in America, the Federal Reserve" "Give me control of a nation's money and I care not who makes the laws.” [Mayer Amschel Bauer] (1744 -1812), Godfather of the Rothschild Banking Cartel of Europe

@macpat6458 20 күн бұрын

It's a full blown ycaripsnoc perpetraited by the tsinoiz.

@macpat6458 20 күн бұрын

Banksters? More specifically. "James Mayer de Rothschild,

@macpat6458 20 күн бұрын

head of the Rothschild banking family of France (Banque Rothschild), became the official "Papal" banker. His Naples-based brother, Carl Mayer von Rothschild, geographically closer to Rome, went to meet with Pope Gregory XVI in January 1832."

@macpat6458 20 күн бұрын

"The text on the photos named Benjamin Guggenheim, Isa Strauss (actual name Isidor Straus), and David Astor as three wealthy men who died on the Titanic. So far, so good - the men were all real and wealthy. Below each name it says “opposed new Federal Reserve Bank.” The Titanic’s sinking happened in 1912, and the opening of the Federal Reserve happened in 1913."

@MrDayinthepark 20 күн бұрын

It's fascinating, when Richard Wolff explains, there are no ambiguities, there are no obfuscations, it's all crystal clear. No wonder he's nowhere to be found on the mainstream media.

@VikingVigy 20 күн бұрын

Dear Professor Wolff, I never heard a more clear, cohesive and summarizing explanation of the current economic and political situation in the world, and that in plain language !! Excellent. Greetings from Germany.

@ActiveTravelWestUSA 19 күн бұрын

Of course, Germans are the most intelligent and creative peoples on earth. With a name like Wollf he is top of the top! I miss D, moved to USA to get away from the EU madness.

@JessicaKeith-uj1jq 20 күн бұрын

The distress for banks was a farce; what we have experienced in the past 2 years is a result of a system that has worked incredibly well. The Fed just had to tighten credit to cool the economy.

@OliverLiam-px3vx 20 күн бұрын

What about the Fed lending program for banks that was said to ease financial tensions after the domino effect from Signature and Silicon Valley bank?

@JessicaKeith-uj1jq 20 күн бұрын

Yeah, that sufficed, but what really helped the economy was rising immigration that helped even out the mismatch between open jobs and people looking for work.

@MelissaHobbs-qm8wi 20 күн бұрын

I agree. Rising productivity is manna for central banks, allowing faster growth without inflation because each hour of work yields more goods and services at the same cost.

@ScottLarrry 20 күн бұрын

I’m indifferent. All I really do care about is what assets and securities will drive the Santa Rally? It is upon us, folks. I have a $100k portfolio, and I have a friend who has grown theirs to over 30% with the recent rallies. He is up 4% this month alone!

@JessicaKeith-uj1jq 20 күн бұрын

I might sell to the tune, but not without the approval of my broker as usual since 2022. With eyes and ears on Wall Street, I have raked in 140% on a managed portfolio currently worth $315k run under a hedge fund by Desiree Ruth Hoffman.

@dfar2303 20 күн бұрын

Over here in the UK whenever the interest rates or inflation are mentioned on the BBC website, there is a scurry of comments claiming the UK is being run badly and we should look at the USA as an example because the USA is doing so well. 🤣

@yaoliang1580 20 күн бұрын

It's normal for a puppet to glorify its master especially one that's no longer able to stand on its own feet n has to rely on sharing the spoils of its master's world hegemony

@Bolanboogie10 20 күн бұрын

Correct. That's all we ever hear in the U.K.

@iandalrymple7255 20 күн бұрын

Whaaat - that’s the craziest thing I have ever heard

@haroldandersen665 20 күн бұрын

It's over for the west.

@SofaKingShit 20 күн бұрын

The grass is always greener over the septic tank.

@titusphilip1310441 20 күн бұрын

i can't understand what is happening to american economy until professor wolff explained it very clearly. best professor in the world.

@shanejones578 20 күн бұрын

Collapse, civil war, revolution. Believe me now or believe it later.

@paulalopes70 20 күн бұрын

The econonomy is already brock

@JT-bg7kz 20 күн бұрын

The last time you had Prof. Wolff on was, in my opinion, your best and most insightful interview to date. Glad you brought him back to talk about this banking issue that is barely getting attention.

@yaoliang1580 20 күн бұрын

It's not getting the attention it deserves bcos the majority of Americans hate listening to real news as they are afraid of having their illusions that their beloved nation is a beacon of light for the world badly shattered

@AustinStarr191 20 күн бұрын

How someone can be as beautiful, brilliant and gracias as you are Lena gives me hope for the future of the planet. And Professor Wolff is a treasure in every way. I’ve learned so much from the two of you. Thank you!

@lynngregory393 20 күн бұрын

She is one classy lady. I ❤️ her!

@spookgriffith2892 20 күн бұрын

@@lynngregory393 I absolutely concur!

@sleo3720 20 күн бұрын

Beauty and the Best 😊 👍

@didgeridood 20 күн бұрын

@@sleo3720Nice play on words! No beast here!

@AustinStarr191 20 күн бұрын

@@sleo3720good one! She blows my mind. And I ❤Professor Wolff!

@danielhutchinson6604 20 күн бұрын

The Professor is accurate about his assessment of where the actual problems in America appear to be located. I have been paying attention to his comments for Years. He began Teaching as I studied Economics . The apparent end of the line appears to be approaching, and we need to test the Brakes, before we go over the Economic Cliff.....

@stevenroth5424 20 күн бұрын

We have already run off the cliff. That's wishful thinking....

@pmscalisi 20 күн бұрын

Too late. Will have to assess damage soon

@DoloresAvitia 20 күн бұрын

I know it's wishful thinking, but if President Biden/ VP Harris is listening, could you please bring specialist like Richard Wolf on board before the ship sinks.

@peggyuser-oq6xz7fg9o 19 күн бұрын

@@DoloresAvitia You must be kidding.....

@Snappypantsdance 19 күн бұрын

@@DoloresAvitiathey are purposefully sinking the ship. Why would they want to do that?

@thesmallnotesduo 20 күн бұрын

Wake up - these banks are not failing; they are doing EXACTLY what was planned for them. Failure is not an option, it's the goal.

@SofaKingShit 20 күн бұрын

The bonuses that the CEOs and executives get rewarded with, even immediately after a collapse and then getting bailed out with public money, while normal folks lose everything would seem to indicate there is indeed some truth to your comment.

@class1188 20 күн бұрын

🎉🎉🎉🎉🎉 ABSOLUTELY CORRECT!!

@peggyuser-oq6xz7fg9o 19 күн бұрын

It's corrupt people in high places who have perverted the economy and then point their crooked fingers at an innocent scapegoat, Capitalism. Now we are being served a stealthy commentary singing the praises of unnamed Socialism which begins with people in high places teaching children a bunch of bunk!

@user-yw1lo3xb2z 20 күн бұрын

We need more clever people like prof. Wolff and Lena. Thank you for the interview!

@pmscalisi 20 күн бұрын

The clowns in Washington DC should all lose their jobs. They lie, lie, lie.

@counterpartyrisk8089 20 күн бұрын

Buckle up it's going to get crazy

@theo7326 20 күн бұрын

A lot of people hate the professor for speaking the truth while I can listen to him all day long

@user-ew5eh2co5p 20 күн бұрын

First time I heard a host did not interrupt her guest.

@gregkahele154 20 күн бұрын

I can't wait for Part 2 of the interview with Prof. Wolff. I wish I had a Professor like him when I studied at Notre Dame.

@patriceesela5000 20 күн бұрын

Another great lecture by the professor, thanks for having him on again, Ms Petrova

@marycooper8385 20 күн бұрын

The Bangsters

@LeeWilliams-ou4hi 20 күн бұрын

Love this real news reporting - Thank you.

@stefanschouteden5196 20 күн бұрын

Richard is a star. I like his briefings and the energy he puts into them. Thank you for inviting him again!

@soldiernomore3843 20 күн бұрын

Yes a fallen one.

@ricardopescador4971 20 күн бұрын

How do you know when you listen to two geniuses on a channel? When whatever they're explaining can be understood by a common person like me.

@donnagiamo1158 20 күн бұрын

So much appreciation for the insightful, honest journalism Lena brings to us with stellar guests!❤

@harrysoothsayer5086 20 күн бұрын

In 1887 Alexander Tyler, a Scottish history professor at the University of Edinburgh, had this to say about the fall of the Athenian Republic some 2,000 years prior: "A democracy is always temporary in nature; it simply cannot exist as a permanent form of government". A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse over loose fiscal policy, (which is always followed by a dictatorship). "The average age of the world's greatest civilizations from the beginning of history has been about 300 years. During those 300 years, these nations always progressed through the following sequence:” From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to complacency; From complacency to apathy; From apathy to dependence on the state; - Here we are folks! From dependence back into bondage;

@ronwinkles2601 20 күн бұрын

So true! History doesn't fail! Those who fail to know history are always doomed to repeat it. Example; Afghanistan beat the Greek Empire, the British Empire, The Russian Empire and the American Empire. Now, I think China will take a different approach because they value history.

@peggyuser-oq6xz7fg9o 19 күн бұрын

It's interesting, isn't it, that small groups of powerful people are referred to as the Such and Such Empire when the failure falls squarely on their shoulders. The peoples they "Ruled" were offered pacifiers to quiet them as the Culprits proceeded to do more and more dangerous things till they become clever by half and fall into their own self made snares. This whole video and the sentiments expressed in the majority of comments has me scratching my head. Something is wrong.

@jakobbergen7574 20 күн бұрын

I love how simply he explains complex matters.

@myname7227 20 күн бұрын

He really does a good job explaining economic issues, we need to clone him for today young people learning, he is just that GREAT

@barrycrump6189 20 күн бұрын

The present dire economic situation that is facing America and the global West was beautifully explained by the wonderful Prof. Wolff. His students are priviledged to be tutored by such an erudite man who is able to explain complex issues in a readily understandable way. This is the mark of a true genius in my book. I can't wait for part 2 of this compelling and insightful discussion. Thank you, both.

@tuhingatoha1134 20 күн бұрын

Yayyy... Professor Wolff is back. I could listen to him all day long. Brilliant! Thanks Lena. I can't understand why "they" don't just bite the bullet, let everything fold once and for all and start again. Just get on with it now....it is going to happen anyway. Can't wait for Part II...

@NancyG555 20 күн бұрын

We have the over the horizon bank problem and the debt level of the U.S. yet, billions continue to funnel to Ukraine. There is no one at the wheel or there is someone at the wheel and is following the map of collapse.

@revrup 20 күн бұрын

Dr. Wolff ties economics to the experience of the common man & woman. I have a stake in understanding capitalism, the Fed, and inflation, because I see how it is affecting my life! Thanks for a great guest!

@sdrc92126 20 күн бұрын

Inflation is, or at least was originally, defined as an increase in the supply of money. When you have a debt based system, growth is mandatory like all ponzi schemes. The alternative is collapse.

@charlescarmichael2444 20 күн бұрын

Bank consolidation will obviously increase concentration in the banking industry. It has crossed my mind that the big banks WANT to see the mid sized banks fail, and that this is the reason there doesn't seem to be a plan to mitigate the commercial real estate collapse.

@antonioguerra6441 20 күн бұрын

It’s something they underestimated thinking power is perpetual! They can’t even imagine anything aside of the dollar as if history hasn’t shown us multiple reserve currency changes!

@jamesrashbrook9485 20 күн бұрын

You can stop it,but back on your lavish lifestyle you can't afford,stop funding stupid things and stop printing money and live within your means...simple

@kroikye 20 күн бұрын

Only Gold ( and Silver ) are Real Money, the Rest is Debt.

@chriswong9158 20 күн бұрын

Is like asking the US American to stop voting fools into government. note, this was what USA founding father fear most, when they sign up the New Nation, Democracy to the people. Remember Greece, Rome, India today.

@peggyuser-oq6xz7fg9o 19 күн бұрын

@@Jj-gi2uv It's very doable today.

@zekyday8064 20 күн бұрын

Economics in simple English. A badly needed discussion in America. Thanks.

@perezfranklin 20 күн бұрын

Wrong Professor Richard Wolff..... Inflation (i.e., the increase in the supply of fiat currency that eventually leads to an increases in prices and cost of living) is NOT caused by free-market capitalism: It is caused by Centralized Banks that increase the supply of fiat currency.

@samaval9920 20 күн бұрын

However, some central banks do not over print currency, as Peoples Bank of China. Also, businesses also cause inflation by price raises.

@perezfranklin 20 күн бұрын

Actually, the Central Bank of China (i.e., the Peoples Bank of China) also causes inflation. "The [Chinese Central] bank increases the supply of local currency in domestic markets, which increases the chance of high inflation." [1] Also, the main culprit of inflation are the Central Banks. "Central banks are inflation creators, not inflation fighters..... Central banks are the source of inflation." [2] Sources: [1] Investopedia Internet Article entitles "How Does China Manage Its Money Supply?" [2] Mercatus Internet Article entitled "Central Banks Are Inflation Creators, Not Inflation Fighters"

@perezfranklin 20 күн бұрын

Actually, the Central Bank of China (i.e., the Peoples Bank of China) also causes inflation. "The [Chinese Central] bank increases the supply of local currency in domestic markets, which increases the chance of high inflation." (Source: Investopedia Internet Article entitled "How Does China Manage Its Money Supply?") Also, the main culprit of inflation are the Central Banks. "Central banks are inflation creators, not inflation fighters..... Central banks are the source of inflation." (Source: Mercatus Internet Article entitled "Central Banks Are Inflation Creators, Not Inflation Fighters")

@aldas3831 20 күн бұрын

Exactly!

@whensonzhou4174 20 күн бұрын

If real economy grow as fast as the rate of increase of printing, then there shouldn't be inflation at all. You really think government want to print so much money to cause inflation? Many factors drive them into this apparent illogical behavior, and it has its root in unhealthy underlying economy. Government spending into unproductive sector (Such as spending money in less cost-effective military equipment), extreme rent seeking behavior in big business (like the real estate sector and price gouging during pandemic), and bailouts suck money upwards and hinder currency circulation. To keep economy going yet unwilling to tax big business, the government have to print money faster than real economy grow and there you have inflation. And all the above mentioned inflation inducing behavior are typical in any capitalistic economy.

@aschalewfekede4118 20 күн бұрын

Prof.Richard is also my favorite. Thanks for Lena.

@fullcircle4723 20 күн бұрын

Been waiting for you to interview this guest again. Love listening to him. Telling it like it is. Loved his take on tariffs indicating a demise in the US economy if these are imposed. Powell forgets many US companies depend on Chinese goods to produce goods yet tariffs would only kill those companies. Thanks for sharing.

@Longcloud 20 күн бұрын

Kevin on, Inside China Business, is an excellent channel to stay up to date🤔

@TakeTheRedPill_Now 20 күн бұрын

Informativ journalism. Thank you! ❤

@louise_rose 20 күн бұрын

Yes indeed! This channel is great! 💗

@josejose1988 19 күн бұрын

Absolutely. Miss Lena as always, is the BEST❤️

@daniellee8720 20 күн бұрын

Thanks Lena. I believe this coming economic collapse will create overwhelming poverty and thua increase the rate of crime. Stay safe.

@lenapetrova 20 күн бұрын

Thank you for supporting the channel!

@danielgant2214 20 күн бұрын

At this point, the US government is just printing Monopoly money, we are totally inundated with debt and inflation can only go one way, up. I don’t know where this ends, but none of the scenarios I’m aware of end well. The collapse should be readily apparent.

@briantolefree706 20 күн бұрын

This guy is doing a great job of explaining where we are

@cbk1232 20 күн бұрын

I think bringing back industry to the us will be hard and wages will go down but it’s in our best interest to be secure.manufacturing jobs are good jobs.producing something instead of being a service worker tending to your food.I’m a retired aircraft machinist

@icu64x 20 күн бұрын

wages gotta go way down. Standard of living to follow.

@micksingh6711 20 күн бұрын

Lena you need now to interview Gregory Mannarino & Gerald Celente. Love Richard too. ❤️💪🏽🤞🏽🙏🏽

@icu64x 20 күн бұрын

Gerald, he does nothing but bitch and whine.

@DanFeldmanAgileProjectManager 20 күн бұрын

No please do not.

@ronwinkles2601 20 күн бұрын

Very true! I love it when a Slavic Beauty tangles with Italian Gentlemen. The result can be amazing.

@wardropper 20 күн бұрын

Bailing them out in 2008 was already a catastrophe in many people's minds. It really should be literally impossible for them to get away with it again, but there are no limits to the patience of the ignorant...

@chtan17 20 күн бұрын

Prof wolff is very objective and accurate in his analysis.

@basook6116 20 күн бұрын

Does US Govt. have enough money to bail out any big companies?? USA has national debt of 122.32% of GDP, and over 350% of total US debt. many countries don't buy US debt

@kindaplayerone4128 20 күн бұрын

I love his worker co-op for business model! Your channel tells it all.

@garycooper4910 19 күн бұрын

The popular tolerance for bank bail outs may be less now, but the government does not care what the public opinion is. They only serve corporate America.

@veritanuda 20 күн бұрын

Great interview as always, Lena. Can't wait for part 2. Thanks!

@paulmicks7097 20 күн бұрын

Bad news is better accepted with beautiful smile.

@reinhardmilz9192 19 күн бұрын

Lena, thank you for inviting Prof. Wolff again. He has such a great understanding of economy and a clear way to present the facts to the audience - it's fantastical!

@tomdrummy4984 20 күн бұрын

Professor Wolff is my favorite expert on economics as well 👍………….and Lena is my favorite person 😊🥰

@nametbd233 20 күн бұрын

Prof. Wolff makes a great point about why the 10% tariffs would be bad. I do feel that my country (USA) has de-industrialized horribly over 40 years and needs to re-industrialize, and protectionism would help that. But he looks at it from the perspective of the disruption to other countries' economies and plans.

@palebiss1646 20 күн бұрын

Another great video and discussion. I've been binge-watching your stuff lately and I really enjoy it. Could you first clarify your decision to switch from a corporate 401(k) to a Roth 401(k)? I had always thought that starting with conventional was better because, as far as I could tell, you don't really benefit tax-wise until you earn above $125,000. Unless you've covered it in a previous video already? Relationship?

@ArchieJohnson5h 20 күн бұрын

It would appear to outsiders that we have a happy and comfortable home with a trustworthy wife and a satisfied spouse of our own. In order to mitigate the danger of sequence of returns, I am investing three years' worth of monies in a brokerage account using the bucket approach. Additionally, I plan to use these films to enhance my educational efforts with my children and grandchildren.

@angelodgreat6561 20 күн бұрын

We don't need any more stuff since everyone who has ever had to clean up their parents' deceased homes and all the "stuff" that ends up in the trash knows where it will end up in the end!

@OscarOwenn 20 күн бұрын

I decided not to be my father's daughter in that one area after my dad admitted, after retirement, that he really was a hoarder. But my brother and I likewise had our parents save money for us, even if we wished they had kept it for themselves. I'm sorry to ask, but I truly admire your potential on your brokage's account. Anyhow, let me know how that went.

@collins.l454 20 күн бұрын

Unexpected medical costs or the requirement for long-term care were two factors that were disregarded.

@ArchieJohnson5h 20 күн бұрын

My parents both grew up during the Great Depression, therefore I was raised with their frugal ways. Even though I am a multimillionaire with no debt, I try to wash and reuse plastic bags and reuse aluminum foil. Look at her. It's easy to say that *Leah* *Foster* *Alderman* assists with early retirement, planning, and finances.

@alanx1522 20 күн бұрын

Thanks Lena for another great video. I listened to both of you intensely on the subject of the looming economic crisis as expounded by Professor Wolff. He is the favourite of mine and many would agree with his approach & analysing the situation. Well worth to listen to the end. Thanks 🙏🙏🙏🐝

@WE.ARE138 20 күн бұрын

This is a great episode to see! Two, most interestingly well spoken people having a eye opening conversation.

@messie3 19 күн бұрын

The US economy is a powerhouse with a diverse range of sectors. The stock market and the dollar have traditionally been safe havens due to their long-term growth and stability. However, potential downturns are part of the economic cycle, and laws are in place to manage defaults and asset seizures. Inflation can be a concern, but remember, certain assets like stocks and Crypto’s acts as a hedge. Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Paula Hunstell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape...

@messie3 19 күн бұрын

@paulahunstell

@messie3 19 күн бұрын

she's mostly on Telegrams, using the user name

@luistoledo7693 19 күн бұрын

I appreciate the professionalism and dedication of the team behind Paula trade signal service.

@GiuseppeGiugno-hp8yy 19 күн бұрын

Reason i invest in the crypto market; to make my money work for me, to prevent inflation from eroding my savings.

@sharathkamal 19 күн бұрын

Everyone needs more than a Basic Income to be Financially Secured in this present time that there's an Economic Decline.

@pinokunschner7180 20 күн бұрын

@Lena Your work is very impressive! Thank you !

@kidsoxoxox 20 күн бұрын

Brilliant channel, Guest and a Smart, well informed and Gracious Lady. Regards from Australia.

@shaari42 20 күн бұрын

Thanks for the detailed explanation of the economics situation now by prof Wolf. Lena is a great host leading us to key issues

@tedlahm5740 20 күн бұрын

Commercial property being DEVALUED will also result in LESS property taxes being collected for decades? The cities have already spent this anticipated money.

@tedlahm5740 20 күн бұрын

@@Jj-gi2uv The last time this happened 2009/2010. Big collapse in tax collection of center city buildings. The city(s) BORROWED billions to continue funding their responsibility. Difficult to believe, We actually consider DEBT to be an asset. Banks lend out money, and carry it on their books as a asset.

@mad2barxhst 20 күн бұрын

Politicians love to give the juicy outlook.

@brucearmstrong8064 20 күн бұрын

Thank you Lena for the many informative guests that you have hosted. A wealth of vital information that you will never get from the news channels that are available to us here in America.

@LisaSimplified 20 күн бұрын

Just got an education that I didn't know I needed. Thank you.

@aspoonfulofknowledge 20 күн бұрын

Love you very much Lena! Keep up the great work and great interviews!

@anuaribrahim3672 20 күн бұрын

great news! now you are experiencing what the oppressed world has been experiencing for so long.

@wolf-yw9wk 20 күн бұрын

almost everything wolff is talking about came from the govt response to covid. we put everyone on unemployment and all of those people left sectors they were in. they forced remote work and people got used to it. they bought MBS and drove up house prices as a result. they allowed for people to not pay rent so landlords jacked up rents on vacant properties to find money somewhere else. every time they did one thing another thing happened as a result. they became buyers through MBS of housing, so in effect when u or i were trying to buy a house, we were bidding against the fed not other families who couldn’t print trillions of dollars. why do u think so many funds were bidding up and laying cash for housing? because the money was flowing like water. everything was inept govt responses and banks going along for the ride from their sugar daddy. what else did the fed do.. they came out and said “we r letting inflation run hot, it’s transitory” and what happened as a result. people heard inflation and businesses ran to stock up on inventory, they depleted inventory and inflation shit up even faster as a result. they created inflation just by jawboning it into existence. we had deflationary pressure until then. i know i own businesses and all my vendors had everything on a fire sale until that speech which changed everything. they shut small business down. i mean there r so many factors being skimmed over i can barely take this interview seriously. i think most of the time wolff skims over and skips a lot of things that dont go w his economic and political ideology.

@pedrovision6987 20 күн бұрын

Phenomenal presentation...thank you from a grateful audience. VERY happy to be a subscriber!

@piku5637 20 күн бұрын

Worker and housing co-ops need to be normalized across North America and globally from the ground up.

@Kuasarakyat2 20 күн бұрын

The American regime has to go...

@cajuncrackerranch7990 20 күн бұрын

Thank you for this discussion.

@BillHawkins0318 20 күн бұрын

This all started the minute politicians and bankers; stopped wearing socks with dress shoes.

@VanPelt54u7fcyde57 20 күн бұрын

Thank you for the interview! Such a clever Prof. planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?

@roberttaylor662 20 күн бұрын

Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

@jamesfriedrich1150 20 күн бұрын

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

@dogmom-pt5we 20 күн бұрын

How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

@jamesfriedrich1150 20 күн бұрын

Melissa Marie Colby is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@dogmom-pt5we 20 күн бұрын

Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.{

@MR-MasterLuna2020 20 күн бұрын

Lena. Great interview. This guy is a keeper!! Will follow up with his channel and subscribe. 👍🏻

@robertsattler8201 20 күн бұрын

A good, logical explanation for the current situation - and the soon future('s hardships).

@gilsonsangulukaniphiri5018 19 күн бұрын

This is very useful and educative information. Thanks alot, Lena and your guest, Prof Wolff.

@haroldandersen665 20 күн бұрын

An excellent summation of how the US empire is about to come apart right before our eyes.

@peggyuser-oq6xz7fg9o 19 күн бұрын

It is in free fall if not already biting the dust. However, Capitalism is NOT the culprit. The culprits ARE politicians who aren't Statesmen and a mismanaged (for personal gain if not for far worse reasons) fiat currency. FIATS always fail (over 3000 times in history) because it is a debt system which, if not backed by a credible amount of gold, collapses under its own weight.

@juanluistostadocanales3955 20 күн бұрын

The COMMON SENSE Professor

@julianss3289 20 күн бұрын

Ms. Petrova is an excellent interviewer and analyst! I do not miss her podcasts! Thank you!

@billbuyssilver76 20 күн бұрын

Yellen and Powell are as full of (fill in the blank) as a Christmas Turkey!!!

@user-zr6ks9bi3v 20 күн бұрын

Thank You Lena appreciate Thank You For Updating Great Job Thank You Lena

@jerryhutchison3938 20 күн бұрын

Im wondering why we dont find a way to turn some of these office spaces that sit empty turn them into apartments.

@tiz6549 20 күн бұрын

Ok, if you turn them into apartments which can probably be done. Then you run the risk of venture capitalist buying up those units. Then turn around and raise rents every year! It would be better in my opinion of turning them into condos and give ppl a chance of ownership! If the interest rates on mortgages were more favourable...

@aldas3831 20 күн бұрын

The new buildings cannot be changed to housing I have heard.

@marianhunt8899 19 күн бұрын

The government/state does not own them. They're privately owned. Privately owned properties, even empty ones, cannot be altered or sold without the consent of the owners.

@shd94 19 күн бұрын

Great show Richard Wolff and Lena are international treasures ❤️

@yevgenyzakharchuk4854 20 күн бұрын

Thank you for very interesting interview!

@andrew69novak 20 күн бұрын

People need to get gold and bitcoin and 'go their own way'... the rest of the world doesn't want their fiat scrip and neither should we.

@samaval9920 20 күн бұрын

You nsldovidualust solutions show a society’s weakness-- typicallyUS centrist & rightist (at least in public) ideas. People need to self organize, starting at local levels. Even barter complexes, local money, co old? Strength in unity.

@nachmanshalom6975 20 күн бұрын

OK. and what are you going to do with your gold?Chop it into small bits and exchange them for food, gas, electricity, rent ?Can you use bitcoin to buy these items as well?

@ndecouple 20 күн бұрын

@@nachmanshalom6975 systems are being set up to accept gold and silver away from the fiat. More and more small businesses are starting to accept it.

@labibulahad6254 20 күн бұрын

Lena your presentation really attractive and polite go-ahead

@tropicalbreeze-hh3sh 20 күн бұрын

Professor Wolff is amazing, so knowledgeable and straight forward. Well done Lena another great show and guest. Aloha!

@maniot 19 күн бұрын

Fantastic! Absolutely well presented in clear, concise terms. Love this channel!

@ignacymotyka8487 20 күн бұрын

Greetings from Poland.

@stevemizera3891 20 күн бұрын

Outstanding lessons in economics in a timely fashion. Thanks for this fantastic interview Lena. Your show is the best on the internet.

@user-em5ns9og8i 20 күн бұрын

Excellent Professor Wolffi understood this new geopolitics .

@darrell4982 20 күн бұрын

High value information presented with intelligence and clarity. Thank you.

@stewartalexander8770 19 күн бұрын

Prof. Wolff is also one of my favorites, thanks for inviting him back to join your show.

@waynethorpe1341 20 күн бұрын

Thanks. This man has been Telling the truth For so many years.

@walidshabazz5193 20 күн бұрын

Please remember the text below: One of the most comprehensive and informative reports by the brilliant economist, Dr. Wolf.

@benjordan668 20 күн бұрын

Energy independence is the key to revitalized economy...no other commodity can generate the income necessary to bind inflation, generate wealth and jobs across the broader economy..

@juanluistostadocanales3955 20 күн бұрын

That is right Professor