I agree with everything except gold and precious metals. They have no real utility and it not readily liquid. If you asked me to trade gold for say my guns I would say nope. The future of currency is utility.

US created the monster called China. The US corporates went to manufacture their products and technology in a one billion people country. It ended making them riche and gave them the technology. Now they become the richest country and the most dangerous country too. Did the American politicians and businessman learned? No. They are doing it all over again with India. Creating a second monster. Why? Because Businessman care about profit only and for them cheap labor is what they care about. Politicians cares about what businesses wants because they finance their campaigns. If it was prohibited for any party or politician to be financed "bribed" by anyone other than government, you would see American governments enforcing prevention laws for businessmen to invest and export technology to big populated countries so it won't become a threat to their own country "USA". If you want to save America, try to bring back the manufacturers to US soil. And if it was impossible due to need of cheap labor, then don't put all your eggs in one basket but spread them all over the world and pick small countries. We have so many small African and Latin countries to choose from. Please learn from your mistakes. Americans created the monster called China. Don't create a second monster who will come to backstab you one day after 20 years from now if America was still standing by then.

The use case of any digital currency, including Bitcoin, is to support trade external to government (or any other) control. The purpose of digital currency, the standard by which it ultimately is judged as successful or not, is how well it supports trade in an anarchic society. I bought a book about digital currency back in the mid '90s, which explained and illustrated the use case. The point of digital currency is supporting trade for anarchists. Digital currency is intended for lawless--if not dishonest--people. Bitcoin turns out to be a poor form of currency, as it requires too much settlement time and fees for trades, even with Lightning transactions. Of course, it also requires a network connection at some point, which isn't always available everywhere, and has its own security risks. By the time that people realized that Bitcoin can't do its primary job as a currency of exchange, enough people had dumped enough money into it that it began a side hustle of playing a lottery chip. Most people buy Bitcoin in hopes of getting other people's money, rather than intending to trade it for goods and services.

In San Francisco- egregious is correct now for way too long. I lived in New York City in my 20s and early 30s- and it was off the back of exactly what he talks about- two mayors very much cleaned up the city- see "broken window" theory. Where even a broken window can give an idea of creating lawlessness. Add that into corporate real estate issues after COVID with shocking levels of inflation that will somewhat be an issue for a while...increasing poverty with no good plan for what to do still in action in places like SF (Seattle has at least put together tiny homes)...

To turn the tables the number one thing you can do is close your 401ks take the short term hit and invest it directly for yourselves ie realestate.

I have followed Ray the past decade, and he's always been right. With SPX below 5000 what assets/sectors will drive the next bull trend. I cashed out before the last dip, now I have less than 200k to average down with. Any ideas? Should I get into short positions in this quarter or is it headed lower?

no, you forgot, 10% of mortgages are actually in default, except it doesn't show up because they gave them 3 years of covid extensions to pay. Some people haven't paid a mortgage payment in years but it doesn't show up that they are in default

If WWIII happens all the cities will be gone, and finally the Republicans will be 90% of the people

Gold is gonna keep rising.. that’s the true indicator

where will 8 Billion ppl go ? mexico or canada ?

Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich

I have two cards and pay them off. They are great for budgeting if used properly.

Good, no more taxes

Great music video please lower the speakers voice

I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.

If used car prices are up 54% then they need to go down back to normal - that’s not a problem, that’s good.

Ya but despite the “16 fold increase” the inflation hasn’t come down. So clearly there is no shock to the system.

But why are you predicting a bubble? Maybe there isn’t any, or maybe ot can go higher for some time before it bursts.

the CP lie...lol

THE FINANCIAL SYSTEM IS A SCAM, A PONZI SCHEME TO FOOL THE MASSES AND ENSLAVE THEM FOR THE REST OF THEIR LIVES

"Money is gold, everything else is credit." (JP MORGAN 1912)

Minus the increasing wealth gap, it's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.

Great video.

You are already ina recession May 5 2024. It is becoming a full blown depression worse than the 1930’s and we know that ended in WW2. What is inevitable is WW3 and of course they are going to blame it on Putin. That is why they are constantly antagonizing him to retaliate then blame him for “ invading” Ukraine. Another front is Israel so they can blames Israel and Jews in general.

Who can say the Feds are competent at anything. They just printed 280% of our money supply, in the last two years. Of course there is inflation and it must surely must get a lot worse to sop up that printing spree.

I think you were saying the same thing a few years ago along with others who were saying the same exact thing , I think most of us understand that we are heading off a cliff it’s just a matter of when we fall off that cliff .

Unless mega crash there are always some stocks running.

Inflation won't come down. jb and Congress spends money like drunken sailors. Sorry sailors. There won't be rate cuts before more rate increases.

Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.

Recession for last 4 years , you mean a depression is coming

The data I would like to see is how many Americans are moving out of the country. Seniors are rightly more conservative in their spending and want to ensure that their retirements are either up to their standards and of course not lived in destitution. Those dollars are pulled out of the economy when they leave. Remote work has also made it possible for some to move overseas and due to the fact that housing is often cheaper and can help to counter inflation which is everywhere. Then you have Trump. He and his lies have had a polarizing effect on the country along with his socialist corporate tax policies. The disparity between the haves and have nots is so stark in this country that it’s becoming a demagogue’s paradise with the likes of Trump, Desantis and several others in the GOP. After the Great Financial Crisis of 2008-09 the Republicans caught on to the the fact that if you just keep telling lies many of the ignorant and uneducated masses would begin to believe the lies, thus they could blame their opponents the democrats and so called radical leftists. They used societal inequalities to start a culture war and subjugated women to their bigoted policies. Scapegoating immigrants, people of color and different sexual persuasions further dividing people in this country to the point that congress is essentially ineffective and people are sick and tired of it all. All this because of the fact that the Fed took the position that certain banks and corporations were too big to fail and used taxpayers hard earned money to bail them out and in the process opened the door for private equity to exploit the people even further. God bless America because we need a lot of help.😢

Our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

Stop the annoying music

It’s not called a “Reverse Market Crash”. It is called a “Crackup Boom”.

Getting the people to fix the problem they made is retarded. They ate doing exactly what they want

Do you have enough rice on hand?

$32 TRILLION stashed away in Cayman Islands by Fat Cats.

Been hearing about the collapse for 16 years. I don't believe it will be a collapse like 2008. Most likely it will be a silent recession.where the top 12% will contnue to get wealthier while the bottom 88% become poorer through stagflation.laating into the next decade. Job will pay less while lower paying jobs increase with less benefits. Pensiins will continue to disappear while savings decreases. The financial markets and housing will continue to go up. Own assets such as real estate, land, equities ,and cash while decreasing stupid spending. The next 10 years will be tough for 88% of Americans.

Hello, dont worry, be happy. Keep praying for the intervention of God. Then the world will be in silence again. Deuteronomy 33(DRB) 33:29. Blessed art thou, Israel: who is like to thee, O people, that art saved by the Lord? the shield of thy help, and the sword of thy glory: thy enemies shall deny thee, and thou shalt tread upon their necks.

What’s the deal with the music I hat to stop watching

No offense but I've heard America won't be around every year for the last 20 years, so we'll see.

The problem we have is government officials changing the standards of how we measure our economy to keep the public in their favor. If the FED is getting incorrect data by these flawed standards, they cant possibly get it right. Standards should be set to prior standards of 1970, and made illegal to change this standard. This political changing of standards are what has brought the nation to this point and it never should have happened in the first place.

What’s the name of the background music??@freeinvesting

amen!😇👍

you don't have 20 years...The sun is going to micronova and the earth is going have a pole shift of 90 degrees all within the next few years...the cycle starts over every 12000 years This is when 99.99% of everything dies

Oh boy, have u got a shock coming...lol.

YOU GOTTA LOVE THE WAY ROBERT LAUGHS ABOUT PEOPLE GOING BROKE 🤣

Stagflation.

My three favorite channels: FREENVESTING, Stock Brotha, & How Money Works. Make my week complete. 🔥 🔥 🔥

14:52 It is not the end of the story. The banks carry on lending which drives technological and GDP growth, and the central bank balance sheet grows.