Will Your Assets Be Confiscated? Is The U.S. Going Bankrupt? Economist Steve Hanke Answers

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David Lin

David Lin

Күн бұрын

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Steve Hanke, Professor of Applied Economics at Johns Hopkins University, discusses the Fed's next course of action, the impact of rising debt on investors, and the result of lowering fertility rates.
*This video was recorded on April 3, 2024
FOLLOW STEVE HANKE:
Twitter (@steve_hanke): / steve_hanke
Email: hanke@jhu.edu
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For business inquiries, reach me at david@thedavidlinreport.com
*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.
0:00 - Intro
2:00 - Fed monetary policy
4:55 - Inflation outlook
9:30 - Will the Fed still pivot?
12:45 - Money velocity
23:30 - Bond yield outlook
26:20 - Interest payments
28:20 - Confiscation of assets
30:54 - Rising government debt
32:19 - Declining fertility rate
38:20 - Risks to civilization
41:22 - BRICS
45:00 -TikTok ban
50:00 - Dollarization vs. currency board
#investing #economy #economics

Пікірлер: 717
@TheDavidLinReport
@TheDavidLinReport Ай бұрын
Get more out of your credit cards with Kudos → save.onelink.me/4iKP/davidlin ​Use code "DAVIDLIN" and earn $20.00 after your first eligible purchase! Submit to us your questions for Prof. Hanke's next appearance! My email: david@thedavidlinreport.com Prof. Hanke's email: hanke@jhu.edu As always, "like" this video and subscribe!
@issenvan1050
@issenvan1050 Ай бұрын
When will his goldsentimentindex’s i-Phone app become available?
@d.fenestrator9529
@d.fenestrator9529 Ай бұрын
Ask Hanke how many years it will take before he gets behind BTC.
@saedal-tamimi6053
@saedal-tamimi6053 Ай бұрын
stop scaring people ....get real
@issenvan1050
@issenvan1050 Ай бұрын
So, is the lowering V deflationary?
@issenvan1050
@issenvan1050 Ай бұрын
Once the long yields go down, gold (& silver) will go up too, then, right?
@alexp3752
@alexp3752 Ай бұрын
Will Your Assets Be Confiscated? As a former cop, and a veteran of two urban riots, please allow me to share my thoughts. If those in "supposed" power attempt to seize assets that required a lifetime of hard work, blood, sweat, toil, time, tears and sacrifice to earn and save to benefit themselves and their families, then all semblance of a social contract with that government will be shattered with no turning back! If everything is taken, then what does a person have to lose? Believe me! I have witnessed the reality of uncontrolled urban riots decades ago, and the nightmare of that truly frightens me to the core! CBDCs must be stopped at all costs as well, as I genuinely fear that could mean the end not only of personal freedom, but the Republic, and quite possibly the end of modern civilization itself. What would be the incentive to dedicate yourself, work hard and sacrifice only to allow bureaucrats to control every aspect of your God-given life?
@chubbychubs4636
@chubbychubs4636 Ай бұрын
What are CBCDs?
@carlywright5127
@carlywright5127 Ай бұрын
listen to likes of judge Napalitano on internet and Greg Mannarino about finances issues. I have, certainly explained a lot more to me. The what, whenfores and how.
@virgilkane7369
@virgilkane7369 Ай бұрын
Thank you for your perspective sir ! And thank you for your service . I believe you are 110% correct .
@virgilkane7369
@virgilkane7369 Ай бұрын
@@chubbychubs4636 " CBDCs " are central bank digital currencies . CBCDs are nothing . The commenter said " CBDCs " not ' CBCDs .
@chubbychubs4636
@chubbychubs4636 Ай бұрын
@@virgilkane7369 Thanks for the information
@zr0dte
@zr0dte Ай бұрын
“The most dangerous creation of any society is a man who has nothing to lose"
@issenvan1050
@issenvan1050 Ай бұрын
Or nothing to do… Btw., humans do not create. 😎
@rockycourtney3110
@rockycourtney3110 Ай бұрын
Possibly the man that worked his whole life for what he has only to have the government try and take it.
@aaronb8698
@aaronb8698 Ай бұрын
If a man with nothing lands on the moon, mars, or a desarted iland. The first thing he should do is form a goverment and central bank so they can print there way to take care of him! Lol governments create nothing they only take away from those who do to give to those who wont. man with nothing is just a man working hard to injoy life before a big goverment takes it away.
@hanselito2416
@hanselito2416 Ай бұрын
Humans absolutely do create. How do you think all this stuff got here that wasn't made by god?​@@issenvan1050
@judymckee5992
@judymckee5992 Ай бұрын
@@issenvan1050 , Many are joining that rank.
@M3LTUP
@M3LTUP Ай бұрын
Go read the book , The Grapes of Wrath. Everyone was losing their farms due to rising interest rates , demand collapsed , jobs were lost and prop. taxes increased. That is how asset seizure occurs.
@marteanderson7963
@marteanderson7963 Ай бұрын
of course the dust bowl had nothing to do with it.
@user-pb1tb1ux3c
@user-pb1tb1ux3c Ай бұрын
@@marteanderson7963 no it doesn’t, that was a lesson from history that farmers have learned, they must take care of the land or they will not survive, now it is the government and the big ngo’s that cause the financial ruin of landowners, then they can legally buy up that land and restrict the natural production of our food, they are playing the long game, where we will be eating bugs and lab grown food, and growing our own food will be and actually is starting to be outlawed, look at the Amish farmer being persecuted for not having broken the law
@mercutiomurphy2743
@mercutiomurphy2743 Ай бұрын
Admit it, whether it was on purpose or not. We are being led off a cliff
@bobbylee2853
@bobbylee2853 Ай бұрын
Hyperinflation will wipe out all like a dust storm did back then.
@deannemckee5081
@deannemckee5081 Ай бұрын
I’m glad you brought this book up. I have read it three times. The first two times it was a story about our history. The third time, it was a futuristic novel! History repeats itself.
@RossiPopa
@RossiPopa Ай бұрын
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
@NicoleBarker-he2vp
@NicoleBarker-he2vp Ай бұрын
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.
@RusuSilva
@RusuSilva Ай бұрын
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
@FusunTumsavas-cq7tp
@FusunTumsavas-cq7tp Ай бұрын
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
@RusuSilva
@RusuSilva Ай бұрын
Monica Shawn Marti is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
@FusunTumsavas-cq7tp
@FusunTumsavas-cq7tp Ай бұрын
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
@KoDeMondo
@KoDeMondo Ай бұрын
You don't need an Oxford degree to understand that if you mindlessly give away money for ten years, encouraging people to go into debt, and then suddenly do the exact opposite, the country will go into disarray.
@user-qj6vg8gp3l
@user-qj6vg8gp3l Ай бұрын
Well that is the plan, after all.
@issenvan1050
@issenvan1050 Ай бұрын
Powell & his posse don’t seem to think so. 😎
@bubachkobubachkov5519
@bubachkobubachkov5519 Ай бұрын
this in on purpose. The illuminates wants to destroy the whole world
@thomasjensen6243
@thomasjensen6243 Ай бұрын
And then David Lin does a commercial endorsing a credit card to put everybody further in debt.
@rondent6875
@rondent6875 Ай бұрын
Communist control over a population is impossible if they are affluent and not necessarily educated but intelligent with the ability to improvise and innovate. @@user-qj6vg8gp3l
@masteryoda9044
@masteryoda9044 Ай бұрын
If i had a dollar for every time prof Hanke said "money supply" i would not need to watch these videos 😅
@Scorch428
@Scorch428 Ай бұрын
Youd prolly need $2 per with all this inflation...
@nancygreen8186
@nancygreen8186 Ай бұрын
We still have massive inflation. Gasoline now is at $4 in my state. Highest ever. Food prices are going through the roof. My homeowner's insurance doubled. My car insurance doubled. My electric bill went up 30% +. I just got rid of my internet service because it went from 40 to 87.00.
@Superliegebeest0
@Superliegebeest0 Ай бұрын
And how are u posting here with your internet?
@cynthiashores57
@cynthiashores57 Ай бұрын
​@@Superliegebeest0 I have no TV, no TV service, no internet (only at this time), and I use my phone for comments like this. A cell phone does just about anything and everything.
@AB-fq4mr
@AB-fq4mr Ай бұрын
This professor has the same sense of humor when I was a teenager. It’s kind of endearing to watch a genuine soul so unaware of how the world around him has become calculated and corrupt.
@L98fiero
@L98fiero Ай бұрын
Prof Michael Hudson said what he learned by going to university for an economics degree was that the professors didn't understand economics, what they were good at, was teaching the 'accepted theories' that were mostly wrong. He started out as a financial analyst for a major bank, I think it was Citibank.
@William1866
@William1866 Ай бұрын
In what way? He talks of the politicians foolish policies like their ban on TikTok.
@William1866
@William1866 Ай бұрын
@@L98fiero Michael Hudson , a Trotskyite, changed jobs as many times as he changed his underwear.
@L98fiero
@L98fiero Ай бұрын
@@William1866 He's actually not a Trotskyite, and I seriously doubt you understand what that would mean anyway, but he's still far better than this clown. The only thing this guy has going for him is that he's telling you what you want to hear.
@L98fiero
@L98fiero Ай бұрын
@@William1866 Do you even know what being a Trotskyite would mean? I guess you think mass democratization and having a united front against far-right parties would be a problem. In any event, check Hudson's history, he averaged about a decade in each position and each change was at least as good as the one he left, by comparison, Hanke's career is, well, he never really did _work,_ he was an advisor while he wrote books and supported the disastrous Reagan move to 'supply side economics', most of his positions were a couple of years at best. Between him an Laffer, they helped set up the conditions for the hollowing out of Western economic systems and the obscene income disparity we 'enjoy' today.
@davidberger9806
@davidberger9806 Ай бұрын
Also please ask the professor if he's aware of Shadow stats because his figures for inflation don't coincide with what's actually happening
@ConradoGuerrero1
@ConradoGuerrero1 Ай бұрын
Thanks for the update.
@ConradoGuerrero1
@ConradoGuerrero1 Ай бұрын
Te/e gram
@ConradoGuerrero1
@ConradoGuerrero1 Ай бұрын
@Rolandostrategy THAT IS HIS USER NAME
@ConradoGuerrero1
@ConradoGuerrero1 Ай бұрын
please make sure you write the USER NAME complete and He's verified
@binnycerwini
@binnycerwini Ай бұрын
Trading without professional guide...Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders
@mikehrynyk434
@mikehrynyk434 Ай бұрын
Remember what happened to the island of Cyprus when that country went bankrupt. Took money from their citizens accounts.
@darksouls.856
@darksouls.856 Ай бұрын
long live professor
@issenvan1050
@issenvan1050 Ай бұрын
Amin.
@carsonfischer2116
@carsonfischer2116 Ай бұрын
He won’t last to see the end of inflation
@wernermesserer4464
@wernermesserer4464 Ай бұрын
talk about fertility and wealth inequality. If both potential parents need to work to make ends meet this is a disincentive to burden oneself with chidren. The share of labour of the economy has declinde since the 1970ies. A common story in industrialized countries is: My father had a simple job , provided with his income for a family of 4 , build a house and got rid of the mortgage before his retirement.
@issenvan1050
@issenvan1050 Ай бұрын
Roubini speaks.
@StevenCudnoch-oo9gp
@StevenCudnoch-oo9gp Ай бұрын
That's because they realized that future model is not sustainable, so they needed to hit the pedal to the metal with the brakes.
@Tufas
@Tufas Ай бұрын
You are talking about all of us having to work longer because the life expectancy keeps rising but the opposite is the case, life expectancy in the US has been going sideways or dropping for 10 years now.
@judymckee5992
@judymckee5992 Ай бұрын
People are working till they dropped dead in US
@geneadaway2671
@geneadaway2671 15 күн бұрын
That’s the plan: Nobody makes it to retirement.
@user-qj6vg8gp3l
@user-qj6vg8gp3l Ай бұрын
David seems rather impatient today. I know sometimes it seems like Hanke's brain is processing at the speed of a dial up modem, but he is pretty smart over all and correct about most things. Worth listening to and being patient for.
@Fearzero
@Fearzero Ай бұрын
He is abjectly wrong regarding bitcoin.
@wapphigh5250
@wapphigh5250 Ай бұрын
@@Fearzero Actually he's not I don't think. I reckon one would be a fool to dismiss lightly, such a learned mind with so many decades of experience on the effects of fiat currencies. Just my opinion.
@dad242
@dad242 Ай бұрын
Measured answers take thought and time
@bluphoenix6412
@bluphoenix6412 Ай бұрын
​@@Fearzero- Found the Crypto Bro. 😂
@neopabo
@neopabo Ай бұрын
​@@Fearzero Intelligence doesn't correlate with future quotient (understanding new technologies' role in the future). If he was very into technology he would be investing into startups and 3x'ing his money every year
@damianmousley2098
@damianmousley2098 Ай бұрын
Great value. David. You and professor Hanke are adding real value to the community .
@YemiImey-dl9or
@YemiImey-dl9or Ай бұрын
Thank you Ronal’ for your TA 💯. I’m excited how my trading is going so far. I’m on $1m challenge right now. Already earning $35k weekly
@YemiImey-dl9or
@YemiImey-dl9or Ай бұрын
he’s mostly on Telegrams, using the user.
@YemiImey-dl9or
@YemiImey-dl9or Ай бұрын
@R o n a l f x 2.
@louisthomas9422
@louisthomas9422 Ай бұрын
May Allah bless Ronal’ for his help. I'm glad my doubts have been cleared, and i received my profit from last week's investment. Keep up the great work
@LIU-zx2up
@LIU-zx2up Ай бұрын
I'm glad I had profitable trades that resulted in steady profits, less worry from money, and a fulfilling lifestyle. Go on! The Sir Ronal’
@charleymogus5080
@charleymogus5080 Ай бұрын
Ronal’ has the technical analysis I admires the most. He's risk management tactics truly delivers good results. He's program of expertise has a wide presence across the internet at large
@briannewman6216
@briannewman6216 Ай бұрын
The sanctions imposed upon Japan by the US prior to the Japanese attacking Pearl Harbor worked just as the US government wanted them to work. So the statement that sanctions never work is invalid since sanctions can be effective in provoking a response which can include war.
@aaronb8698
@aaronb8698 Ай бұрын
Sanctions are like antibiotics they should only be used in emergencies and they lose potency over time.
@dpirkl4560
@dpirkl4560 Ай бұрын
Sanctions are just tools for political gain if used correctly.
@FrontUW
@FrontUW Ай бұрын
I have heard something to the effect that the bankers told Roosevelt that he needed to find a way into the war. Key event followed. Today, I believe the plan is to get a huge war going and drive investors into the safety of the US Dollar.
@flakieflake9616
@flakieflake9616 Ай бұрын
Steve Hanke might think inflation will be within the 2% target by the end of the year, but I don't! Now we have Neel Kashkari saying no rate cuts before year end, oil moving towards $100 a barrel by Summer and potentially $150 by year end natural gas flying up and Biden failing to refil the SPR as he said he was going to. Inflationary pressures in the US are far greater than deflationary so my money is on inflation rising quite sharply and not being anywhere close to 2% by year end.
@sylviagatterburg5318
@sylviagatterburg5318 Ай бұрын
I live in Europe, our natural gas bill rose 400% in 2 years, nobody talks about that
@adrianbardan782
@adrianbardan782 Ай бұрын
the professor really busted your nuggits today David 🤣hahaha
@steviestone3968
@steviestone3968 Ай бұрын
If you see Hanke you in for a spanke.
@Fearzero
@Fearzero Ай бұрын
Always does. Part of the shtick.
@Zacksullivan984
@Zacksullivan984 Ай бұрын
*I'm favoured 80k PROFIT every 2 weeks! I now have a good house and paid off my loans. I am truly thankful beyond words, Linda*
@AliNadim761
@AliNadim761 Ай бұрын
This sounds good sir. How did you do it?
@Anonymous_Entities
@Anonymous_Entities Ай бұрын
How'd you manage to make so much? What are you into Ma’am? Stocks or Real Estate?
@Zacksullivan984
@Zacksullivan984 Ай бұрын
This is all thanks to Ms ‘ she is my investment coach
@MalisaOvaltin
@MalisaOvaltin Ай бұрын
It's truly inspiring to hear how Ms. Linda's mentorship and her dedication have led to such remarkable financial success.
@Charles_Boyle
@Charles_Boyle Ай бұрын
I recently started trading in the winter, invested 50k with h e r and my portfolio is currently worth slightly over 170k. That's alot more than I make annually from my job.
@luke-mc9dt
@luke-mc9dt Ай бұрын
Do like Mr Henke, good guest, David Lin is cementing his position for future finance, market path he wants to travel.
@jennielam8522
@jennielam8522 Ай бұрын
Great interview with professor Henke, thank you David!❤
@davidlanger1982
@davidlanger1982 Ай бұрын
Jobs are disappearing, Stelantis, Tyson, Quaker Oats. Pride trucking had 20k rigs going BK. 371 of the 99 cent stores are going out of business. This is just the last few weeks.
@markurakawa9898
@markurakawa9898 Ай бұрын
99 cents stores dependent on product closing a irregular supply vs walmart and kroger not a chance, quaker oats might as well forget it no one eats. pride trucking cant compete, tyson hires illegals, stelantis cost control less workers more automation cost cutting and deletion of companies that cannot compete under current the current enviroment
@Pound_Shift
@Pound_Shift Ай бұрын
Yellow trucking also went under
@kirdref9431
@kirdref9431 Ай бұрын
Summary: Fed saying it is "data dependent" is just an excuse to print money as long as the ensuing inflation is confined to housing inflation and stock inflation, rather than consumer+wage inflation. This is what happened in 2008-2018. As long as China would sell us goods and Saudi Arabia would sell us oil, accepting the US dollar as payment, although USD was continuously being devalued due to money-printing, the Fed was happy, the rich got richer (increasing house+stock prices, tax breaks paid for by printing money (rather than having the spending paid by taxing the rich)), and the poor got poorer (their labor and savings lost value every year, but the poor got by via inexpensive China consumer goods. In 2018-2020, Fed was starting to unprint money because people were starting to wake up to the reality of the inflation damage being done. Then the March 2020 Covid19 panic-printing of 5T USD happened because Fed wanted to protect the wealth of the wealthy. And absolutely horrific inflation occurred in housing, stocks AND consumables (food, energy, ....). And here we are. The country is a giant disaster and we are starting wars all over the place to cover up the problem and make other countries pay the price of our sins. Similar to 1918-1929, and one major cause of World War 2.
@pcstearns21
@pcstearns21 Ай бұрын
Pushing back what age you can retire is so short sighted. Just because people are living longer doesn't mean they are able to keep working longer. People after 60 usually put out lower productivity so keeping them working because we can't guarantee they are housed and fed is a failure of the system.
@thomashume6497
@thomashume6497 Ай бұрын
Always great to have Prof Hanke on!
@Al-nd9ep
@Al-nd9ep Ай бұрын
Very Good Interview David! Steve Henke is spot on ! He is the definition of common sense ….. people need to listen to him very closely ….. he says it all ….. people should listen to what is being described and hear the truth instead of hearing what they want to hear.
@Scorch428
@Scorch428 Ай бұрын
People need to wake up and realize the money they have is relative to the money supply, and they are losing 3-6% of its value every year. Opt out and buy bitcoin....or get in the stock market.
@Al-nd9ep
@Al-nd9ep Ай бұрын
@@Scorch428 The powers that be want you in crypto…. That is the next step to the Fed coin. I’ll stick with Gold and Silver. Bitcoin is just another form of fiat currency.
@Scorch428
@Scorch428 Ай бұрын
@@Al-nd9ep Crypto and Bitcoin are very different. Anyone whos studied them knows that...
@paulcoenen7918
@paulcoenen7918 Ай бұрын
David's got the hair back under control. 🤗
@daveforgot127
@daveforgot127 Ай бұрын
It's the stupid style of his hair. He probably is in love with his barber.
@petermilne1203
@petermilne1203 Ай бұрын
But now his stubble seems to be growing more instead! 😅
@rodpetrie1088
@rodpetrie1088 Ай бұрын
I understand the Professor places great weight on the money supply contraction / expansion which is supported with an enviable track record on inflation predictions. Surely the record level of debt which continues to be accrued in the US is also a very important consideration. As a regular listener, I'm almost thinking that if the Money Supply is in balance correctly the Professor is suggesting the economy will be Ok. Surely there is a limit to the amount of debt the US can bear regardless of M2. I would respectfully suggest that once the ability to service debt has been breached beyond available revenue from taxes or other forms of revenue, the economy is but a short distance from collapse regardless of M2.
@amenlion88
@amenlion88 Ай бұрын
Great reset aka great taking. Great taking is also a documentary that people need to watch.
@billmc5457
@billmc5457 Ай бұрын
Japan is a good example of how far and how long this can go on. So do you want to be eventually right or make money. If you want the former, listen to Hanke.
@bapa8426
@bapa8426 Ай бұрын
the hankman, the linonator, the hankorama, the linmeister woo
@kasRose311
@kasRose311 Ай бұрын
Powell watching the economy like a person being strangled putting up a fight. “Its stronger than we thought..”
@dumenzo
@dumenzo Ай бұрын
laughed so hard, well put
@rjdebruyn
@rjdebruyn Ай бұрын
Huawei executive wasn’t in jail. She was under house arrest in Vancouver living in her very comfortable looking home. Canada has a mutual agreement with the US regarding persons under investigation. Canada paid a severe political price and monetary price to the two Michaels held hostage by China in response. The Michaels actually were in jail too.
@OaseDaniel
@OaseDaniel Ай бұрын
You guys are great! Love the two week idea
@oscar5whiskey969
@oscar5whiskey969 Ай бұрын
Great interview. Keep it up! Thank you
@danielmoore908
@danielmoore908 Ай бұрын
Mr Henke keeps me thinking and laughing through the whole video!
@jameskelly9243
@jameskelly9243 Ай бұрын
Rules are to be followed by the masses not the government
@paulburbank9496
@paulburbank9496 Ай бұрын
Thanks very much for explaining the relative stability of velocity. The Prof has said something instructive in each video in this series.
@cocochanel6495
@cocochanel6495 Ай бұрын
Hanke is great. I also saw the glazing. Great and informative episode. He is one of your best guests.
@0hn0100
@0hn0100 Ай бұрын
Great stuff fellas! Keep it coming. It's cool having a producer question in the Q&A, I wouldn't mind seeing that on the reg. Side note: D-Leezy's hair game switch up's are baller af.
@backslapped2851
@backslapped2851 Ай бұрын
Good interview, with 1 exception. Older people don't pay for the debt being accrued today, younger people do. If you're 80 and retired, you've got another 10 years above ground at best. If you're 40 and still working, you will quite literally be paying for this debt until the day you die in 40+ years. Deficit spending is a tax against the young.
@bruceposch1449
@bruceposch1449 Ай бұрын
65 Y.O. here .... This past two weeks I spent $7500 tax on a new vehicle, $9,000 on property taxes, and $25,000 income taxes. I also gave them $120 in tolls this week, $120 in gas taxes, $30 in motel taxes for one night....(thank goodness I brown bagged my lunch and had tap water to drink. ) Then there is the inflation tax the government has stolen from any fiat I had, when they ran deficits and doubled the money supply during 2020/21. Lad, they are going to tax you until you get buried, and then tax you on that too.
@philfortner1805
@philfortner1805 Ай бұрын
Hanke seems like a good guy but his use of government CPI makes all calculations worth a good cartoon. The 1980 calc before the CPI was corrupted to enable theft via inflation is the only accurate figure. Even the 1980 CPI underreports cpi to some degree. Scarce desirable assets put 100 year CPI at 7.5%.
@minnesotasalamander5913
@minnesotasalamander5913 Ай бұрын
Really good interview. Thank you Professor Hanke.
@bigqueue
@bigqueue Ай бұрын
Thank you for this interview david. I actually like to listen to Dr hankey. He actually breaks things down in a way that I understand believe it or not.
@jadeluu518
@jadeluu518 Ай бұрын
Awesome show ..Professor Steve Hanke is outstanding and a genius ...I am impressed with his logic and reasoning & excellent arguments :))) ❤❤❤😊😊😊❤❤❤❤
@wapphigh5250
@wapphigh5250 Ай бұрын
This is outstanding content. The Prof is fantastic! I've never studied economics but time and again I go to Prof Hanke here on utube, to fill that void and understand what's really going on in the economy. Occasionally we get real gems on what to do in "the markets" (This episode the 10yr bond). So my questions? 1/ Is there an online course I can do? ( John Hopkins Applied school of economics would be awesome!) to broaden my knowledge of the quantity theory of money? and 2/ What primary source book on the quantity theory of money, should I read? (as a lay person to economics). Thanks
@lotfyken2759
@lotfyken2759 Ай бұрын
This is the professor who alone destroyed a bunch of bit ponz scam pumpers/holders, I like him !
@Fearzero
@Fearzero Ай бұрын
If you're that lazy to be that ignorant about bitcoin then you deserve to stay poor.
@Fearzero
@Fearzero Ай бұрын
PS bitcoin is up 3.4 million x since 2009. Gold? 20x LOL!
@issenvan1050
@issenvan1050 Ай бұрын
@@FearzeroWill it go up another 1000% from here within the next year?
@lotfyken2759
@lotfyken2759 Ай бұрын
@@Fearzero this is the pump to attract the patsys, and close the dump on them
@bruceposch1449
@bruceposch1449 Ай бұрын
@@Fearzero You are excited about btc fluctuations as a speculator. But to solidify your profit you have to sell it. You can buy it again when btc prices drop. This is a great speculation, but it is not fulfilling the definition of money. Real money is stable.
@birsha3986
@birsha3986 Ай бұрын
David, i watch his video every 15 days, and he keeps talking the same points, recession is baked in the cake
@RebelPlebe
@RebelPlebe Ай бұрын
This was a fantastic conversation! You guys are rockstars!
@assassin7754
@assassin7754 Ай бұрын
Great interview
@WayneAlazraki-hq8et
@WayneAlazraki-hq8et Ай бұрын
Wow, love this guy. Down to earth.
@robertstryker9953
@robertstryker9953 Ай бұрын
Singapore ask retires to move out of their big apartment and get a small apartment close to their children and pay a stipend of half the cost of the apartment but must be a close to their children 1/4 mile max. No other social security is automatically given 7:25
@Rusty57.3
@Rusty57.3 Ай бұрын
And if they don’t have children…?
@granti9546
@granti9546 Ай бұрын
It's ending like every other Ponzi scheme.😊
@godsservant2835
@godsservant2835 Ай бұрын
Always, a must watch.
@MrCraigsavagesr
@MrCraigsavagesr Ай бұрын
Inflation is coming down huh.. Nice call. Inflation went up from 3.2 to 3.5 percent. Boy, you really nailed that one...
@anuarpatjane5393
@anuarpatjane5393 Ай бұрын
great interview!
@stargazer5073
@stargazer5073 Ай бұрын
DEPRESSION?????
@littlebitmckee8234
@littlebitmckee8234 Ай бұрын
I would have loved private social security. The government steals some of my social security ( windfall) because I worked a job with a pension during my last 20 years. So unfair! This needs to change.
@littlebitmckee8234
@littlebitmckee8234 Ай бұрын
And, money that I put in and don’t use should go to my heirs, not back to government. It was my work/money/time that went into this…..my heirs should benefit. If there would have been an opt out option- I would have done that on a heartbeat and put that money into a Roth.
@chingron
@chingron Ай бұрын
Private insurance doesn’t solve the big problem: money printing. The only solution for that is bitcoin.
@RussCR5187
@RussCR5187 Ай бұрын
It's impossible for the US to go "bankrupt". It has a printing press and can service any debt denominated in dollars. Of course, that's not to say that the printing press can't trigger a destructive bout of inflation.
@anthonysheppard4903
@anthonysheppard4903 Ай бұрын
I don't agree with Professor Hanke's analysis, because he's using published governmental data. He's assuming that current inflation is 3%. That doesn't reflect reality. Shadow stats has inflation at 10% to 12% inflation and the Federal Reserve has stated that the 2% targeted inflation may have to revised to 3%.
@user-im6fy4qp6m
@user-im6fy4qp6m Ай бұрын
yes thats always his mistake and like a quintessential boomer he assumes the jews arent lying. many such cases.
@Hueyck
@Hueyck Ай бұрын
That’s why I bought everything I would ever need 5 years ago. Now my personal inflation is 0.
@goodstufflife
@goodstufflife Ай бұрын
One opinion is that gold will not be confiscated as it was in 1933 because there simply are not enough people holding it for the government to go through the trouble of confiscating it. The rough calculation is that under 2% of the worlds gold is privately held in the US. Back when it was confiscated nearly every citizen held gold
@dmo7815
@dmo7815 Ай бұрын
The rise in PM is because gold is going to the east and central bank have been stockpiling for years. Why . Confidence in the Petrodollar is waning! They most know something and have a plan. Joe is spending $1 Trillion every 100 days. What happens when our government can’t even pay the interest of the debt. More tax’s , inflation, CBDC, more control.
@rpbajb
@rpbajb Ай бұрын
I agree. 401k's are much more easily confiscated, just press a button.
@fishhead7511
@fishhead7511 Ай бұрын
Great discussion!
@sabrinamartino9922
@sabrinamartino9922 Ай бұрын
This was quite well articulated. Hanke was able to elucidate complex principles in a comprehensive manner. Very educational
@jcgoogle1808
@jcgoogle1808 Ай бұрын
1. Yes,... the "commercial war" with china is all the US's fault, The US, who made china a world class manufacturing base, is being unfair against china. And the US is confiscating American assets,.. according to Hanke. But when an American company does business in china, it has to be owned 51% by a chinese/CCP company. That's not unfair,.. according to Hanke. And sanctions against russia for attacking Ukraine is also unfair against russia. America is just one bad country and should bow to if not be punished by china and russia who should be allowed to do whatever they want. Btw,.. that's sarcasm,... and I despise the senile ole joe admin for destroying the country,.. but America is not the unfair one here. 2. And as I explained in other videos,.. his tired ole Quantity Theory of money doesn't work to determine inflation,.. or not in developed economies anyway. And his taking the log of MV=PQ and differentiating to create an addition equation, didn't make anyone's "eyes roll back". The Hanke "golden rule" hasn't worked. And it's not due to the black magic of the "long and variable" lag. The only place where inflation is strongly proportional to money supply and NOT supply and demand in general,... is in these 3rd world sheetholes where they print money out the wazoo and Hanke gets his anecdotal data. This is fiscal dominance. They don't have a functioning bond market because interest rates would be astronomically high. Otherwise, in normal economies,... inflation is a function of supply and demand of commodities, labor, technology,,.. and on and on,. and to a major degree the supply and demand of money,.. which has 2 components,.. that effect it 1. monetary policy and 2. fiscal policy which act much like real and imaginary numbers in trigonometry or a phasor diagram in electricity and magnetism or 2 or 3 dimensional vectors in mechanics,.. where fiscal policy, deficits spending, helicoptering checks is projected on a vertical axis and monetary policy where the Fed adjusts interest rates or does QE is projected on the horizontal axis. The more projected on the vertical axis, the more it contributes directly to inflation. Because monetary policy is used to provide or restrict reserves to the banking system,.. which uses those reserves to generate money through loans that are attached to an asset and an obligation to be repaid. Not necessarily inflationary. Just see Japan. Fiscal policy, these days,... involves direct payments to consumers with no asset attached to it or an obligation to pay it back. Extremely inflationary. Japan doesn't do that. We're not quite at the 3rd world sheethole stage yet,.. but we're getting there, Hanke needs to retire.
@springnice8207
@springnice8207 Ай бұрын
🙏 David.
@mattanderson6672
@mattanderson6672 Ай бұрын
Thank you
@CJ-gv6bq
@CJ-gv6bq Ай бұрын
They have known since 2001 that there would be a population collapse due to aging and declining populations, see United Nations document about migration eong a solution to aging and declining populations. The is a political agenda of the UN Sustainable Development Goals around migration. Migration is supposed to help make our systems solvent. These migrants are the new labor pool. There a global conversation about raising the retirement age. This is why the boarder is open and the US Congress voted in the Office of the New Americans. Americans are being gaslighted.ven more concerning is that the US State Department under Kissenger put out the Kissenger Report, which discussed using agriculture and education to reduce fertility globally. This came out in the mid 1970s. About the same time "The Limitations of Growth" from the Club of Rome.
@michaeless8971
@michaeless8971 Ай бұрын
What a great interview.
@markminister2599
@markminister2599 Ай бұрын
Yes. Income taxes, personal taxes and destruction of the dollar through inflation..
@davidferrer5709
@davidferrer5709 Ай бұрын
One of the best interviewers.
@InspirationPartner
@InspirationPartner Ай бұрын
Why don't people who talk about Social Security ever talk about the number of people who are dieing (leaving the system) and when the numbers of dependents start to decline. The elder population should reach a tipping point where they for some period of time should have less stress on the system.
@isaackys
@isaackys Ай бұрын
The processor is a gem.
@teach21st1
@teach21st1 Ай бұрын
Thank you professor you are GREAT
@jonesmatthew7511
@jonesmatthew7511 Ай бұрын
I think we will pay the "inflation tax" it is more stealth... just have to cut 1031 out of the law and tax home sales. Think about it. If you have an asset, when you sell it you are taxed on the gain, so during high inflation the gain on the sale of the inflated asset is taxed more.
@GeorgeZupster
@GeorgeZupster Ай бұрын
Davids hair is always perfect when Steve Hanke comes to show....
@johnk1984
@johnk1984 Ай бұрын
Cost push inflation plus some demand pull from very high asset prices?
@aliensquare3601
@aliensquare3601 Ай бұрын
Today, you need to install 1 app from the shop, 3 more apps, just to get reasonable prices that you got 15 years ago before having any app or phone. If you travel to other area, you are just screwed by shops not knowing about these.
@littlebitmckee8234
@littlebitmckee8234 Ай бұрын
Great guest
@generemotebookkeeping6813
@generemotebookkeeping6813 Ай бұрын
Since the year 2000, the M2 money supply has increased by 500%
@billwalton4571
@billwalton4571 Ай бұрын
the stock market doesn't give a hoot
@dpirkl4560
@dpirkl4560 Ай бұрын
​@@billwalton4571it will.
@alexk1843
@alexk1843 Ай бұрын
That’s about how much growth you would expect if it is compounding at a rate of 6% per year for 24 years.
@generemotebookkeeping6813
@generemotebookkeeping6813 Ай бұрын
@@alexk1843 how much deflation will we have after the bubble burst is the question? After the bubble burst in 1929, and then again in 2001 the stock market went down more than 83% both times. I suspect when it happens again, house prices will collapse more than 90%. Everything returns to the mean.
@bmwabbitnator
@bmwabbitnator Ай бұрын
Your a patient man David.
@DoublePdalJesusMetal
@DoublePdalJesusMetal Ай бұрын
I like steve
@pwatom22
@pwatom22 Ай бұрын
Working towards sustainable (static) population size is not discussed enough. Of course this requires financial planning and an adequate social security savings plan throughout adult life. Green Peace chose not to push this policy position because it was considered too controversial. Govts currently and historically have failed us regarding international relations. The old British Whitehall system at least provided a core of govt competency. WEF has been quite damaging.
@rifekimler3309
@rifekimler3309 Ай бұрын
We are living with the inevitable result of deindustrialization, finacializarion, rentierism, an astronomical debt to gdp ratio, and declining standards in education and culture with concomitant political dysfunction. That unfolding result is collapse.
@lizkeith1356
@lizkeith1356 Ай бұрын
EVERY STATE MUST REWRITE THE TERMS OF THEIR UCC AGREEMENT IN ORDER TO PROTECT THE PEOPLES' ASSETS FROM SEIZURE. ALSO, EVERY STATE NEEDS TO CREATE A STATE-SOVEREIGN BANK TO KEEP LOCAL MONEY, LOCAL, AND AWAY FROM THE EVIL SCHEMES OF THE CENTRAL BANKS. STOP THE UPFLOW/OUTFLOW OF STATE MONEY.
@SuperMarioUno
@SuperMarioUno Ай бұрын
Hi David, great haircut for the Kudos advert break😂
@BetterBeliefsLLC
@BetterBeliefsLLC Ай бұрын
Curious, do you share the revenue from KZfaq with the people you interview? If not, why not?
@davegubbins4428
@davegubbins4428 Ай бұрын
the FED doesn;t want to tell the people that the money supply changes (bulk cash boost for the rich) are a sig factor in inflation. (esp in asset prices...aka: people's homes)
@dillonsawyer9377
@dillonsawyer9377 Ай бұрын
Inflation isn't going down. Example Vichy night cream went from 75mm to 50mm & that is a 50% increase in cost. Plus there was a price increase on top of that. So 2 or 3% inflation is B.S.
@mechannel7046
@mechannel7046 Ай бұрын
10:55 Fed not looking at quantity theory of money 13:50 velocity of money
@issenvan1050
@issenvan1050 Ай бұрын
So, is the lowering V deflationary?
@matthewraven8859
@matthewraven8859 Ай бұрын
Why would any country adopt the dollar when the U.S. is sanction happy?
@trailguy
@trailguy Ай бұрын
the government is running a deficit of a trillion dollars per 100 days. how do they expect inflation to go down with all that spending?
@user-jt5md6yy9c
@user-jt5md6yy9c Ай бұрын
informative
@issenvan1050
@issenvan1050 Ай бұрын
When will his goldsentimentindex’s i-Phone app become available?
@aged.quod.agis.
@aged.quod.agis. Ай бұрын
Thank for educating us, I have a question about the Mexican Peso. Today April 2024, the peso is in the best value since 2015. Would you talk about it in the next David Lin show? I think the peso has benefit from all the dollar printed, nomad workers, nearshoring, but the actual government. Thanks for truly educating us and not indoctrinating us.
@davidberger9806
@davidberger9806 Ай бұрын
Please ask professor how is it that we keep hearing that money printing is out of control and at the same time the money supply is shrinking this sounds contradictory please clarify
@damianmousley2098
@damianmousley2098 Ай бұрын
I think it’s related to the programs in US. Like IRA initiative, debt forgiveness for student loans, welfare…. Etc so these initiatives pump $$$ into the economy, rather than the money thrown out of helicopters etc during covid…. Just my theory anyway
@brentirwin1386
@brentirwin1386 Ай бұрын
If money supply increased by 40 percent since 2020 your 4 percent drop might not be as significant as it was before because they only increased supply by 5 percent! So might you then need to see a much larger drop in money supply to see the same recession!
@christoschristou3641
@christoschristou3641 Ай бұрын
Hello David, I have a question please for when you next interview Professor Hanke, Thank you Sirs. Your thoughts please as History could be repeating but this time on Steroids?? We're in a Bond spiral where everyone is being held to Ransom, 1970' oil shock is for kinder gardeners. XAU LUCK and Respect from the Land of Oz. During the 1970's XAU rose by over 2,400% and XAU explorers/producers climbed by well over several 000's%, infact one climbed by over 48,500%. Could this be the so going forward?? Also meaning borrowing costs to rise and so to interest rates and its correlation to XAU? Reply
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