Brink Of ‘Perilous Financial Collapse’, Economy Is A ‘Mirage’ | Jim Thorne

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Jim Thorne, Chief Market Strategist of Wellington-Altus Private Wealth, explains why the global economy is headed towards a "perilous financial collapse" and what's next for markets, investors, and consumers.
*This video was recorded on April 11, 2024
FOLLOW JIM THORNE:
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*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.
0:00 - Intro
1:02 - "Perilous Financial Collapse"
7:25 - Oil and inflation
10:36 - Debt and deficit
13:07 - Trigger for financial collapse
18:00 - "Economic mirage"
20:55 - Cost-push theory of inflation
25:15 - Canadians are economically "hopeless"
33:00 - Market outlook
36:30 - Interest rate outlook
38:50 - Gold and Bitcoin
41:00 - Residential real estate
#stocks #bitcoin #economy

[@TheDavidLinReport]

You’re being watched RIGHT NOW and the only way to stop it is by using a VPN. Avoid hacks and protect your privacy before it’s too late! NordVPN offers 65% Off on a 2-year plan +4 extra months! Try it for 30 days or GET YOUR CASH BACK! nordvpn.com/davidlin Are the positive economic indicators just a "mirage"? Are we headed for a crisis? What do we do with our investments? Comment your thoughts below and don't forget to "like" and subscribe! FOLLOW JIM THORNE: Wellington-Altus Private Counsel: wellington-altus.ca/private-counsel/ Twitter (@DrJStrategy): twitter.com/DrJStrategy

[@HoneyBadger80886]

Surfshark

[@benhaze1010]

Oh common. If you are legit we should not need a VPN to watch your videos on youtube. Really? I thought you were credible but now not so much.

[@ServiscoP]

David do you know which country NordVPN is from? 😉

[@brian6x]

Damn those North Korean hackers.

[@davidjackson2832]

Hi to whoever is watching me. 😅

[@RickWatson-xu6gw]

With the threat of a looming financial crisis potentially causing havoc in the stock market and leading to downturns, it's essential to brace for potential market volatility. The key concern is how to safeguard my $600K stock portfolio against decline.

[@Debbie.Burton]

Diversification and a thorough understanding of the market dynamics are crucial, especially during periods of uncertainty. Keeping an eye on both the positive and cautionary signals can help investors

[@benitabussell5053]

I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders

[@Theresaa12]

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

[@benitabussell5053]

*Sharon Lynne Hart* 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.

[@VitaliiSych]

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.

[@Andrian-ch3on]

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.

[@BarbaraRichstone]

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.

[@RickMckee-nq4ni]

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

[@BarbaraRichstone]

Kristin Amy Rose 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.

[@RickMckee-nq4ni]

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.

[@trip7779]

finally, a host that does not interrupt his guest and allow him to finish his thoughts. Well done David!

[@user-lr5po4pl6s]

Yes, I don't like when they do that. That's one of David's strong points!

[@paulamorrison9176]

Except the constant advertising interruptions make it awful to watch unfortunately

[@user-hm5zb1qn6g]

@@paulamorrison9176 uBlockOrigin...I don't see any ads

[@heathmckenzie6875]

“If you ignore housing, energy, food, and transportation, inflation is basically under control”. Wow, thanks tips.

[@erinsweet8147]

For real. The 3 things that constitute 80% of our budget are up 25%. That’s a problem!!

[@koboskolors]

I know I’m growing in my financial education when conversations such as this become not only understandable, but truly terrifying.

[@yellowstoic7678]

Why is the yield curve inverted? It's because interest rates were low for so long that people gave up taking a risk and starting a business for taking on the risk of owning a highly leveraged home. Low interest rates are a direct cause of mortgage inflation. 346k mortgage@8%=600k@3%. Home prices get to go up because money is cheaper to borrow leading to a fake wealth effect causing people to spend money they don't have because the asset isn't actually worth what people are paying for it. Satoshi Nakamoto was for getting rid of the central bank, not asking it to lower interest rates to keep the ponzi going.

[@kevinthomson9513]

Jim starts to get lively after 18:00 min - good content that is not disputable.

[@whysoserious110]

Because he blames liberals for the current economic state in the U.S.??🤔 that's a subjective position which by definition is disputable

[@gandolfgrey5385]

And it hasn't been disputable for 24 months now.

[@pharlapnz4630]

Thanks

[@carbonfibercrypto2919]

@@whysoserious110they’re far leftists not liberals

[@buggsmcgee9270]

@@carbonfibercrypto2919 Marxists...

[@NatiaMaisuradze-ey5iq]

Seeing patterns recur in financial markets over time is quite fascinating. Artur Grandi's book offers a systematic approach to keeping investments stable and explores opportunities, including cryptocurrencies.

[@brandonbaker5884]

We are in a debt doom loop in the west. Everyone knows it and now its a game of finger pointing before the music ends.

[@mg6775]

Thats why theyll blame china a go to war

[@joshfrench6426]

Yeah it's not rocket science

[@bobgriffith1810]

It’s not just the west,, take a look at ccp debt to gdp,, this is a global problem

[@Carlos-im3hn]

With the 10YT2YT inverted yield curve the music already stopped in 2022.

[@HazeOfWhearyWater]

_"Why is there so much spending?"_ If they hit the brakes the implosion occurs now.

[@lrm21]

This is by far the best explanation of the current global market and the actual risks, and finally provide an explanation that makes senses as to why markets are behaving the way they are.

[@leslieread556]

THIS is a great interview. I am *no* economist. I have zero, real understanding of the economy. BUT what I am...and have always been...is a *very* savvy shopper. My take on the ground? It looks terrible. You can actually sense the tightening of people's wallets. They...we...all feel it. This message of Jim Thorne is spot-on...Thank you David Lin.

[@ginzo666]

LOL. So, vibes > data in your world. Hence you being enough of a rube to take this jabroni seriously.

[@RD-kz4wr]

It is, but lowing interest will not help. It will lower the standard of living more.

[@billybudapest3129]

David, thanks for not interrupting your guest. Well done.

[@helokitty991]

For a complex system, you need to remove the interest group to save it from collapsing. Once a country is controlled by financial oligarchy, there is no return.

[@frankbryan3478]

You get what you vote for!

[@Fearzero]

​@@frankbryan3478Nope, you don't vote for central bankers. The partisanship can't save us now. It's over either by hyperinflation or deflation. Just a matter of time.

[@Number6_]

There is no return the Americans have been controlled by oligarchy for decades!

[@gwills9337]

@@frankbryan3478if you think policy or politics reflects voting sentiment you’re lost

[@jcgoogle1808]

@@Fearzero Central Bankers aren't the problemMoron,... It's the insanecriminal fiscal abuse of the government(s). The Fed doesn't put a gunto their heads and force them to deficit spend nearly 10% of GDP when we're not even in a recession or a worldwar.

[@FreedomTalkMedia]

Every time the government spends a dollar, value is crushed out of existence. The growth of government is of course the source of the fall in the standard of living.

[@jverderber]

There will be ZERO fiscal discipline

[@kipincharge2833]

😅the criminals in charge are laundering our money into their pockets;of course the criminals won't stop😅

[@kipincharge2833]

😅because we live in a police state that censors the slaves🖕

[@wellnesspathforme6236]

You don’t understand debt-based money. Step 1: Money == debt Step 2: Blow debt/money bubble Step 3: Siphon money to Money Power Fascist Empire Step 4: Flip the script once the debt-money noose is tight Step 5: Bankrupt with inextinguishable debt and asset strip Step 6: Money Power Monopolists claim ownership to 95%+ of Earth via contract and through their Mega-Corporate system.

[@billcarney829]

There IS, AND HAS BEEN, zero fiscal discipline.

[@wellnesspathforme6236]

@@billcarney829 You misunderstand the game - blow the debt-money bubble… wrap inextinguishable debt around the next of the people, AND ONLY THEN, after it is too late… flip the script. That day is coming.

[@user-gd3ul4zq1d]

Housing prices double, rents going up, property tax and insurance through the roof. Value of money going down. Where is the deflation?

[@gwills9337]

Yea no kidding

[@AS-gf5jn]

The only thing deflating is the value of printed money!

[@SlobberySlob]

If the price of a haircut goes from 20 to 30 in a year that's GREAT!. But if it drops back to 28 the print button HAS TO BE ENGAGED!

[@joec8942]

He said deflation was occurring over the last several months in Canada. Your anecdotal argument is invalid anyways.

[@evant3e]

Every where...car prices, technology, fresh food...all falling over the past year. Open your eyes, inflation is low.

[@shelle.angelo]

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.

[@ohioveteran]

People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.

[@emmaarmando]

Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.

[@spacecadet6]

@@emmaarmandoI've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!

[@emmaarmando]

"Gertrude Margaret Quinto" is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment

[@Lisaruthdecker.]

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

[@darylbrice]

Jim Thorne is one my favourite guests on your show. Fantastic insights and analysis.

[@user-zs1fr7im6l]

Credit Card Debt - $1.129 Trillion

[@scrapking77]

Huge slowdown in personal spending, indeed! Retail is dead.

[@pravashpujari2174]

Coming to stock and option I will always be grateful and thankful to Mr Ronal’ for giving me the knowledge and helping me recover my loss from the market 💯

[@pravashpujari2174]

he’s mostly on Telegrams, using the user.

[@pravashpujari2174]

@R o n a l f x 2.

[@pravashpujari2174]

he’s mostly on Telegrams, using the user’.

[@pravashpujari2174]

Telegram$

[@mcmartinsal5128]

Ronal’ strategy has normalized winning trades for me and it's a huge milestone for me looking back to how it all started.

[@pjdelucala]

The answer is to encourage production. Replace all income taxes with a progressive consumption tax. At least replace the payroll tax with a national sales tax. The way to eliminate inflation is to first top printing new money. That is a requirement. Second is to encourage production. Do not punish work and production. Also loans can be indexed to a basket of goods. If the basket of goods and services goes down in value, then the loan should go down. If they go up, then the loan principle should go up. Peter de Luca: Professor and economist

[@BubbaShaffer]

The way to fix this is to have sound money. Money supply that cannot be grown by politicians

[@pjdelucala]

@@BubbaShaffer Absolutely. The money supply must not be a variable. It hurts non voting poor people terribly.

[@marihutten]

Ethereum was invented by a student in Waterloo. Yeah, it's southern Ontario, but not a Torontonian who did it. I'm starting to think they're never bringing that interest down because they actually want to damage people seriously and then buy/own all their housing and transform Canada into a servitude rental economy. You already have a very compliant, non-combative, complacent, mostly immigrant population who come from places that are so messed up even messed up Canada is a better choice, and then they won't even mind, complain or ask for a change.

[@user-eb3pi4tv9k]

Inflation coming from a lot more than shelter, I’m seeing crazy price rises still everywhere, my car insurance more than doubled over 2 years for starters.

[@RichardEnglander]

Same has happened UK. They say car parts are expensive, labour has increased, and then electric cars are adding further to costs.

[@universitie]

Economic lessons in universities should be delivered this way, easily understood and enjoyable. Thank you Mr. Thorne

[@frankherman5195]

Universities only know woke while the real working man goes broke. Too many professors are useless.

[@Justathought-yz3up]

And the story goes on, and on, and on, and on, and on.....

[@charlespeterson778]

Right, right

[@timmySmith-jl8jx]

And then one day it stops. You’re blind if you can’t see the signs of the time right now.

[@joelcrotzer7466]

Immigration is worthless without assimilation but I'm sure you know that you sound very intelligent.

[@RichardEnglander]

Immigration in UK is a net negative, it is only good when selective, every immigrant below average drags you down

[@davidbridge5652]

​@RichardEnglander the crazy left would have you believe they put more in the system than they take out which is just stupid. Once labour gets in it will get so much worse.

[@user-hm5zb1qn6g]

This is easily the best financial channel on YT. I'm binge-watching episodes now. I like how David asks pertinent questions, then lets his guests run with it, even when the guest is peddling patent nonsense such as cutting interest rates as a way to fight inflation.

[@1SmallDaddy]

Mr. Thorne is a breath of fresh air. Our economy is terrible.

[@HTub-bo2yl]

You in a soup line?

[@EatMyOats]

He is clueless about Media being quiet! During COVID, FED Reverse REPO purchased ALL Mainstream Media DEBT, took over Corporate Boards. FED is ONLY Media.

[@jcgoogle1808]

Shitcoin will never become an asset class or a store of value. The difference between now and commodities back when he said they weren't considered and asset class is,... they had intrinsic value. Shitcoin has no intrinsic value. Other than that, the guy seems to have nailed everything else. David on the other hand I worry about 2 things,.. 1. He seems to always ask questions from the perspective of a defensive MMT cultmember. 2. The battle of the hair. Maybe it's a new girlfriend or a one nighter or something saying,.. "hey your hair looks good when you wake up after a drunken night at the bar and a tumble in the hay,.. You should take that on the road with you."

[@jcgoogle1808]

@@HTub-bo2yl What stinking demcoratcesspool river of denial are you living by that gives you some kind of rosy illusion? Have you seen the number of drug addicts, homeless people and illegal aliens overwhelming demcorat cities in the US???

[@luckyPiston]

What this guy never once mentions is that if u drop interest rates in the middle of a housing crisis u are just gonna re-blow that real estate buble and fuck a 1/3 of your economy !!!!!

[@londie3517]

I wish speakers would stop saying “ right “ after a statement. It doesn’t subconsciously compel the listener to agree- it is not right.

[@Kenshawmusic]

Aaaaaaamennn👍🏻

[@WW01]

I feel the same way.

[@ConcerningTheTimes]

Agreed but sometimes it is simply a habit.

[@denito477]

Great guest and interview. Thank you David!

[@smithbrady6173]

That was an exellent interview. You questions were great and you're guest I thought was spot on .Thanks

[@tommygrubbs2053]

Basically it true that as long as the US produces consumers, the amount of government debt doesn’t matter. Unfortunately we may be close to a time where we stop producing consumers.

[@drudini5812]

Can you explain your logic ? How do non productive people help with government debt ? The fact all we do is consume is how we got here in the first place.. and I don't see this big change of productivity increase u seem to in the future ?

[@gordo3582]

When half the budget goes to pay interest on debt, it's game over. Expect monetization and very high inflation.

[@HANZELVANDERLAAY]

​@@gordo3582yes sir..well put

[@bobgriffith1810]

⁠it’s only over if M2 takes off which only happens if no takers on the debt ,, M2 has been trending down for 18 months ,, watch money supply it’s correlation is absolute .

[@justfedup]

All I know if you ran a private company in debt like the government does, you wouldn’t make it 3 years. That says everything!

[@HoneyBadger80886]

Government Fault- 99%. It's their job to #Legislate in favor of the #Citizens. Not the Speculators, Developers and Bankers.

[@baffinsansterre]

Government first job is get reelected.

[@kylepatrickmccrary2781]

@@baffinsansterre That's not their job. That's their prerogative.

[@HappyCamper870]

Politicians fault? Good luck winning an election on a fiscal policy platform 😂

[@Bigern2998]

You still think the government serves the people? Did the Easter Bunny bring you a basket too? 😉

[@joeblowe7545]

WE ARE THE GOVERNMENT. We as the electorate get what WE VOTE FOR!!!!

[@HoneyBadger80886]

Please be honest. Fiscal Responsibility sailed. Compound Interest On the Interest of the DEBT is what is driving the mathmatical rise. Printing can't fix this. It's an Algorithm. #EndTheFED

[@Fearzero]

Exactly. These partisan goofballs need to learn math.

[@timmySmith-jl8jx]

1,000,000% Fiat money is on the verge of total collapse with $1 trillion being printed every 100 days and nobody wants to keep their worth in these paper currencies. It’s why gold and crypto are seeing an unprecedented surge right now.

[@WhiteheteroseaxualchristianAme]

Central banks across the world are panic buying gold right now.

[@Fearzero]

It won't save them

[@HANZELVANDERLAAY]

​@@Fearzerowhat's so crazy will they accept paper gold..or real gold.. expensive to store real gold I imagine

[@rondent6875]

Today they went into the dollar. That's why gold and silver price went off the rails.

[@justfedup]

@@Fearzerothe one with the gold makes the rules

[@WhiteheteroseaxualchristianAme]

@@rondent6875 Today was people who bought gold 30 years ago for $300 taking profits. Gold will reach $2,500 by the end of next week.

[@Wild-Wally]

This guy certainly wouldn`t want to put any blame on our out-of-control bloated, gigantic, war budget (and get real, -don`t call it the defense budget).

[@markblankenship6233]

I was listening to his opinion and the assumptions he is having to make to reach his conclusions. He assumes: 1) the government and central banks will become responsible; 2) he ignores the threat of the huge global geopolitical risk. In other words, he assumes “all things being equal.” 3) The holding of interest rates won’t break any that’ll bad. // I appreciate his optimism. He is a cheerleader trying to sell risk.

[@njuham]

Immigration as it is currently is not good for Canadian/UK/US economy, not even in the long term.

[@baffinsansterre]

Immigration is the primary cause of inflation in real estate. That & cheap money in 2020-2022.

[@Thorsted67]

Immigration is quantitive easing with people. Flood the economic zone (former country) with demand.

[@TomTom-du5qv]

It's good for our current fiat system, everything cannot inflate otherwise you get wage-price spiral and the entire charade ends rapidly. So the hope is that we can import cheap labor and suppress wages from immigrants who are used to lower living standards. This allows the "money printer" apparatus to keep chugging along, but quality and standard of life goes down for 99% while the 1st get richer.

[@francisravenscroft-dw6gi]

Imigration works in the middle east :) at 60yrs old- you dont get an extension on your residency- sooo simple :)

[@jc7046]

the current immigration is of criminals and people looking to hard america. THEY are not workers like in previous migrational waves. We are going to have to spend money of deportation, crime will rise ect. NOT GOOD in any way!

[@robertjosan]

Excellent content, thank you David🙏

[@user-qj6vg8gp3l]

I don't know how anyone can think the economy is good.

[@marcoartini7480]

Great as always David! Thank you!

[@Aries61]

Thanks David and Jim! Great discussion!

[@lucanidae100]

I do not agree that rates should be cut. We did that before and look at the mess we are in. The US and Canada cannot control the weather. Both countries have ignored mass transit. Yes you can have your inflated food delivered to you but people cannot stay home. Our supply has been cut for almost everything and that drives up prices.

[@robertwhite1810]

Why do so many people have to end every sentence with "right"? Listen to yourselves people!

[@Carlos-im3hn]

yes, it "fills the air" with noise...just like "um". Listen to yourself speak and don't make noise...it is hard if lazy...easy to make noise. Don't open your mouth unless to actually say something adding value.

[@robertwhite1810]

@@Carlos-im3hn It's worse because it comes across that the speaker needs validation for every point he brings up. Experts don't ask "right"? They are either authorities or just talking heads

[@phoerest]

Love your work David...thanks so much

[@julieg.5718]

An excellent guest, great banter between you two on a number of key economic topics! Thanks

[@ChrisGenXer]

Fantastic interview!

[@user-zs1fr7im6l]

The total household debt of $17.3 trillion entering 2024 is a new high for the U.S.

[@mth469]

The rating agencies essentially stamp AAA on all govt bonds because the last time the S&P tried to downgrade US govt bonds, the CEO of S&P was fired the next week. That was in 2012 and since then, no rating agency dare downgrade the US. So don't expect rating agencies to be reporting the quality of bonds. Just like pre-2008, mortgage backed securities were stamped AAA by these same agencies which turned out to be sub-prime mortgage junk.

[@markhaines6034]

I agree of his assessment of what is wrong with the trajectory and the symptoms. The economy in most develop countries are only able to grow by increase debt both government and household and population growth, this problem started in the 1980s. We have a similar problem in Australia, our government knows this and we've kicked the bucket down the road so long now that the moment we try to fix this there will be a collapse - So the government kicks the bucket further down the road by a massive increase in migration that makes it appear as if the economy is still growing, which creates a hosing shortage, renting crisis living standards continue to slide for the majority of the society. We are stuffed no matter what we do now.

[@oferfriedman5821]

Thank you 🙏

[@Number6_]

The last bond(debt) sale, failed and the big banks had to buy the bonds or debt as is there arangement with the fed. No foreign power or private investor wants to make these loans at any price.

[@gwills9337]

Yes we’re very close

[@Number6_]

@@gwills9337 this is the attitude that got you into this mess. We're still 10 ft from the ground we can pull up.

[@giniaa2707]

You are such a skilled interviewer who can handle people with strong opinions who get very animated with the certainty of their own views. Interesting interview as usual!

[@michaelwilson7163]

David needs more subscribers he is smart and good interviewer and works hard to get good guests. Thanks David. God Bless.

[@bvyner5727]

Thoroughly enjoyed this! A lot to think about as a Canadian

[@ZapperJohn]

That was very informative...Thank you... I figured out some new stuff.

[@_Thoughtful_Aquarius_]

Another excellent interview on the David Lin Report!

[@gregero]

This was excellent talk. Really enjoy listening to this.

[@thomasschultz1614]

Good show Jim is great!

[@infinityfabric]

Thank you for making my day better

[@isaacyadgar9410]

Wow, Jim is nailing it, I agree with him

[@wilfhigginson465]

The Fed will never allow a failed bond auction… they will Zimbabwe the dollar long before they don’t put a floor under treasuries

[@ampiciline]

I would LOVE to see the fight between professor Henke ( Money supply doctor ) and Dr Jim Throne (inverted yield curve doctor )

[@Carlos-im3hn]

It will be much better after the first US Treasury auction failure in 2024 with infinite tail.

[@mth469]

@@Carlos-im3hn US govt buys its own treasury bonds behind the scenes through shell companies. So there will never be a failed auction.

[@jerryantonies5334]

Spot on . Great points thanks for being honest.

[@Pangora2]

If there is deflation in stuff I don't buy, but everything I need to survive still goes up, I'm still calling it price inflation

[@conorjbrown]

How does lowering interest rates by 1.5% not send house prices to the moon?

[@quangdexter]

He’s an economist. Theyre clueless in general.

[@goneviral8814]

But any money spending or lowering of rates would easily cause inflation. In the USA there is stagflation going on.

[@bpb5541]

I agree with you. Should they cut rates we get hyperinfation. They printed WAY too much money. We know the FED is always late, both raising and cutting. This mistake usually did not cause too much of an issue... usually just a recession. This time with the debts being so high them being to late will cause a depression but that is what we need. We need a massive decline in prices. So in a nutshell we are stuck.

[@julietrapp1764]

Really great conversation. Good advice

[@TheNoticer83]

We are already in a recession. Inflation is already *way* higher than the retail spending increase, meaning that the only reason retail spending is positive is because of inflation. If inflation is 4% and you get a 1% raise at work it means you are falling behind. If retail sales were up 0.7% in march but inflation was 4% it means retail sales were down if you subtract the portion created by inflation. Americans aren't (historically) used to high inflation, so it's harder for people to make sense of economics in this environment. People's feelings are actually more accurate than any government report. You feel like we're in a recession? Because we are

[@Vagabor123]

Wheres the deflation hes talking about? All i see is deflation in my purchasing power.

[@user-hm5zb1qn6g]

Either he was selling snake oil or he didn't explain his point properly because there's no deflation in Canada or the United States.

[@Eric-le8on]

I wish housing prices would deflate lol 6:00

[@ActiveREInvest]

Great questions and answers

[@vivekdabholkar5965]

Excellent interview and discussion

[@bootcamptrader]

The rhetorical use of the word “right” has become worse than teens using “like”. This guy must have said it 100 times in this interview. Please stop.

[@charlespeterson778]

Right, right, right, right, right, right

[@klmn2000]

Good interview.

[@ampiciline]

OMG, OMG the BEST part of this show starts at : 18:10 when David brings THE ideology of his previous guest MR " Jeff Christian's interview under the title " WHY THE FEDS NEXT MOVE MAY SHOCK MARKETS , then Mr Jim Throne got really really upset and went after Jeff Christian ideology ...that was fantastic performance .

[@Andrew-dp5kf]

I do not think that lowering interest rates right now will be the panacea you think it is buddy.

[@user-hm5zb1qn6g]

The guest is on crack, frankly.

[@OldMiner-wj6rr]

This is BS !!! You must raise interest rates to stop this crazy spending! We cannot support the more spending! You are trying to prolong thing so you can squeeze a little more profit before it crashes, but it’s already crashing!

[@DaveHawthorne-lk9mz]

raising rates would collapse it. rates need to lower to juice it up-for the short run-then address structural issues.

[@dangaines405]

Jim Thorne is very down to earth and articulate! One should listen up…

[@Dog_gone_it]

3rd time ive watched this. Good information 👍

[@gregsavchuk3239]

Jim Doom? This Modern Economy is driven by the 'Debt Engine'. Control the debt, control everything.?.? Credit to: Luca Barbareschi. Discredit to: Christine Lagarde Do your own homework & kind regards 2 all...

[@GreatWhiteCat]

I'm an American, maybe I can help with the question of "I don't know what is in Biden's head." Nothing. There's nothing going on in there. Dreams about pudding, and random flashes of Matlock.

[@pasqualeperri5661]

Luke Gromen :austerity now will increase the deficit

[@Jjmead]

Great interview

[@phisharkk]

by FAR your best guest i've seen dare i say ever. Jim wow what a bright mind. in his 60s at least? sharp as a fucking tack. quicker than almost all your guests. nothing was over or under explained, man this dude KNOWS his shit. his reaction to BTC ala commodities in '03 was *chefs kiss*.

[@RWROW]

Fiscal discipline in U.S. = big cuts in Social Security and Medicare (in face of rising retirements of baby boomers who mostly haven't saved) and/or big cuts in military spending,

[@gordo3582]

Need across the board spending cuts, maybe 15% plus balanced budget legal requirements.

[@ronwinkles2601]

The cuts need to start immediately by freezing all COLA increases for every government employee and retiree and all benefit recipients with Social Security included as well as Veteran benefits. This will be a start.

[@timmySmith-jl8jx]

This is political suicide. It will never be a solution since the majority of the voter base is baby boomers and veterans.

[@prolific1518]

Yea that would bring in a depression quickly 👌🏿

[@pasqualeperri5661]

none of which will happen

[@jwill540]

"Immigration is good" ok, boomer.

[@thomashoffman9346]

Great info, i agree. Protect yourselfs people.

[@Carlos-im3hn]

Physical Gold and Silver have intrinsic value vs. fiat or crypto. So I would disagree completely with any BTC investment or MMT theory long-term. I like these stocks: CEF (60%gold/40%silver), PSLV, OUNZ, SGOL, GDX, GDXJ. They have low (< 0.8%) fees/expense ratios and the miners GDX and GDXJ pay nice dividends annually, and the Gold and Silver miner dividends should go up in 2024 as Gold and Silver rise to new highs.

[@YS-ys1us]

Eventually the earth will die, the Sun will die, the Galaxy will die, the universe will die. We all know😂

[@Resmith18SR]

Hopefully not within OUR lifetime. 😂😂😂

[@charlespeterson778]

Right

[@DistractedDaisy]

Yeah, civilization will die way before that happens!

[@stevenngn6081]

Great interview. People not only in Canada should wake up.

[@rickpearl1529]

He lost me when he called Bitcoin a safe haven.

[@rustybot4279]

Then u should research bitcoin.

[@bradw2k]

The trend is higher lows, maybe they'll hold. But overlaid on top is a combustible meme stock.

[@user-hm5zb1qn6g]

He lost me when he said immnigration is good (as a throwaway line). And then his main them was that the Fed (and BoC) should cut interest rates as a way to fight inflation. This guest wants to pour gasoline on an inferno.

[@HoneyBadger80886]

Lol..."cold storage in Switzerland ". Bitcoin fixes that. 12 word seed phrase . Cold wallet. Self custody. No need Bankers or "Trusted 3rd Parties" . Money Free from State and Corporations. Money free from Violence. Money that Stores Wealth...not steal it. #Bitcoin 😎. ❤

[@Vagabor123]

🙄

[@patrickcarroll3818]

Thanks!

[@kailashsaravanan8551]

The bot comments are out of control. How isn't there a solution to these yet

[@geneeverett7855]

What a clown 🤡. Inflation is surging. We need rate hikes

[@gavrilogligoric280]

Incredible there is still “experts” like these… for 15 years after 2008 they’ve been talking about Fishers debt spiral and still do even after inflation biting their asses… what an annoying clown

[@JanRiffler]

Double digits are coming!

[@charlespeterson778]

Right

[@curtissnow9546]

Yeah cause the government can certainly afford that, higher the rate, the more owed to service the existing debt. 2-3 trillion a year on just paying the minimum payment is not going to happen unless they completely gut government spending, but they will increase spending and raise taxes like always until they completely drain what little productivity is left in the economy

[@Vagabor123]

Ya im not sure what deflation he is seeing.

[@terry92104]

How can we be on the brink of perilous economy in Brandon's America? I was told the adults were back in charge.

[@HoneyBadger80886]

This didn't happen overnight. Nor over one administration. 4 decades in the making. Own it.

[@terry92104]

@paula80809 lol. Take a look at the graphs depicting borrowing. Notice anything in the most recent 4 years? Notice we are deficit spending $1 trillion dollars every 100 days. Facts are stubborn things.