Dear Jawad, I am a small investment advisor based in India - and I am going to share this with my clients as there new years gift from me - so thank you for sharing this with all of us. Tx n Rgds, Amit.

Great content, as always! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?

Napier is more entertaining than interesting

@ minute 23, where are they going to get the money? They'll push for more unions then require them (pension requirement) to invest in "safe" assets.

This is a profound episode! Thanks a lot for sharing!

Excellent presentation , highly informative and thought provoking more from this guy please . Watching from Australia 💯

Napier is always interesting and thought provoking. That doesn't mean that he is always right.

Thank you so much for the generous sharing of your wisdom, Mr Russell Napier! I am having a paradigm shift on my view of the world affairs after watch a few of your videos: For example, the unlikelihood of the scary Hyperinflation; gov directed bank credit allocation etc. Not too many people out there understand what money truly is in our time and how money, credit and exchange etc works as the traditional text books are so wrong as compared with experiences in real world. You are a rare treasure. I can not thank you enough!!!

Excellent what a smart honest guy.

So buy Bitcoin?

What a mind!... but more particularly, what a great heart for sharing so much and being able to piece it all together so brilliantly. Thank you.

these sheets and charts that Prof. Napier refers to and that his listeners are holding in their hands....are they obtainable somewhere on the LoM?

anybody subscribes to his newsletter ? Would I find the list of the markets with CAPE < 10 there where there'll be no communism,war, nor currency is entering new regime ? :)

I have watched about a dozen hours of Russel and loved some things he said, liked the rest but never disagreed on anything until this video. He mentioned that the US constitution is strong.. Sorry, I unfortunately found out in my last businesses how out of control the US has gotten. The constitution as well as rule of law is gone in the US. 2nd amendment is not respected in most blue cities, 4th ammendment secures us fron un warranted searches including on our documents and private communications, gone since the patriot act. and state and local governments do whatever they want including straight stealing what they want and going after all the local businesses. I discovered that poor areas in the US arent poor because the people dont want to work, but because of well entrenched criminal organizations which run the police and local governments with an iron fist.. We have watched the crazy commence, uniparty is shaking things up and I sold all my US assets and moved back to Japan. I know changes are coming everywhere including Japan but the US is unworkable in my eyes. regulatory capture has taken all logic our of all the Us major markets and blackrock's 10 year strategy is all about "public private partnerships" aka wee going full on late socialism and I agree, im just not rich enough to benefit from that and the crushing SMBs is horrible for business.

There is a reason Russell is rarely on youtube, his that damn good!

The RBA had only $24.3 billion in capital and reserves to absorb this loss. It now finds itself in a negative equity position to the tune of $12.4 billion. If the RBA was a commercial bank it would be broke. But of course it is not.- comment dated 6th November, 2022.

OMG!!! I already listen to this 3 times!! So much to digest in this video. The explanation on "7. monetary policy based on both the quantity of money and interest rates" is just Amazing!!

Enter Bitcoin

I totally agree with one point. In a police state with no free elections, there are no safe investments.

our pensions are only paid by truly productive workers. ````the growth in non-productive jobs add nothing to the real economy

Muy bueno! Incluso con una referencia al bono a 100 años que metio Toto Caputo con Macri en Argentina... jeje Gracias Señor! Ahora con Milei, esperamos pagar todas nuestras cuentas.

Unfortunately Napier injected his political bias by implying Trump might try to do away with the rule of law while ignoring what has been going on under Biden.

The old system is not being replaced. The existing system has evolved, evolved again and evolved again. The beginning was a time of societal control over the commons, a control based on tribal association characterized by an absence of hierarchy and an absence of private property in the commons. With settlement in one place and the growth of permanent towns came the need for law relating to property. The appearance of hierarchy results in the hierarchical claims to property that had once been the commons. Property law favored those who by heredity and by coercion gained control of the commons. They became the landed aristocracy. When deeds to land were established under laws of possession, they by the charging of rents orchestrated a redistribution of wealth from producers to this non-producing rentier elite. To agrarian landlordism was added commercial landlordism, then industrial landlordism and finally financial landlordism. These forms of landlordism has combined to result in the accelerating concentration of income, wealth and hierarchical power that dominates the world's societies today.

> there are countries where they tell me, well you're a Calvinist, we can never do this, we have to promise people whatever you know and then if we under deliver, well then we have excuses and it's somebody else's fault. You wouldn't be able to do that in the Netherlands What an absolute clown. A stain on the Library of Mistakes.

If you disconnect from China you will buy steel from India and you dont have the energy and work force to make your own steel.

That’s what happens when you have a historian look at economics. Math is lacking so rigor is lacking. But assertions are abundant.

Countries that impose sanctions on other political systems, often end up as economies which suffer the brunt of retaliatory sanctions. Can the US mkt afford to remain solvent in the face of such a rational response by China ? As for investments in stock mkts of other countries .. let's consider the opposite side. Why would a country allow an entity of another country to invest in their stock mkts unless they are absolutely sure that the investment isn't actually .. DEBT ? Thirdly, 2008 was a time when people did lose everything. Before that, in 1999. After that, in 2013-14. In different regions of the world, not all at once, but pretty horrific anyway. So, the belief that it's the rule of law coming between someone and their bankruptcy is really quite flawed.

You had me at "Library of Mistakes". Those who live outside the box, with a wink and nod ❤

What's the point if the sound is so bad.

My portfolio for the past 30 years has always been self managed and I own 3 shares of RPC WEALTH IAF Berkshire Hathaway Class A stock (BRK:A) which I bought in at about $17,000 during the mid 90s, I’m currently liquidating some of these positions to incorporate new Gen. Stocks, but am I better off re-investing into Gold as it seems stocks are a little too unstable right now.

Fascinating.

b

I was not able to come away with any actionable knowledge. Anyone else???

Regarding #9, read the "Great Taking" by Tom Webb.

entering the great bubble in loans

I wish I had smart friends who were interested in this…..

It seemed an interesting talk, until he tells that the state gets its money from peoples savings. That is dumb and wrong!!! Even war bonds were never meant to finance war costs!!! Please dont talk about things that you seemingly dont understand.

37:30 In what instance Turkey has defaulted in its debt?

Thank you all for producing this.

Point #6 I believe the “free society” you speak of is specifically the structure change most deny due to bias

Excellent thanks

Nice to see an expert who isn't an airbag phony like Paul Krugman or Janet Yellen.

I know someone is legit when they talk about supply. Supply is demand, as I like to say, as in a farmer's supply of wheat will dictate, after its sale, his demand for meat and livestock, say.

Is ignoring the depreciation of durable consumer goods and not talking about planned obsolescence part of the "Olde Rules?" What is NDP, Net Domestic Product? GDP is Grossly Distorted Propaganda

There is no Nobel Prize in Economics. Alfred Nobel did not create any such thing. The Nobel Memorial Prize in Economics was created by some Swedish bank in the 1960s. Of course using Nobel's name was just a coincidence.

Section 5 big Corporation. It's a natural progression for capitalism to end this way as described in Marx's theory of capitalism. It takes socialist (not neo liberalism) to revert this back to sustainable levels.

Well, Greece is one example where the people are forced to give moneys to the government to create surplus, just to pay foreigner debt back. Foreigner being mainly German and French banks... This is the shortest and msot accurate explanations I've heard!

How do we solve the problem of too much debt: 1. austerity 2. high real growth 3. default 4. hyperinflation 5. financial repression

If all information is in the price explain ... 1994 - 1/8th of an Oz of Weed was $35 (+/-$5) in North Jersey 2024 - $25 - $50, the range is quality & marketing. Note: the quality is higher now (2022 - 24) as a starting point than any point before 2001 or after 2008. How has quality improved? Availability is unchanged and legality has not impacted price.

At the start i feared that this would turn into a goldbug but at the half way point it had interesting ideas and I'm optimistic that it won't turn into that.