Currency destruction & How to Protect your Savings - Interview w/ Jeff Booth

[@VictorSchappert]

So impressed with Jeff's communication skills. Making such powerful points so calmly and succinctly. I want to be like you Jeff!

[@Justsayingthat]

Love Jeff Booth’s explanation. Makes so much sense.

[@tomaszg1050]

Jeff hits it out of the ballpark each and every time he goes on youtube

[@josephlim8941]

Jeff Booth has provided the best Macro Economics I’ve ever heard.

[@josephlim8941]

Steve Saretsky as Stalin says, Taxes and Inflation are grinding the people. History of post WW1 Germany has some parallel. The treaty of Versailles hindered the country from recovering. And after 1929, US ceased their funding which made it impossible. So the government printed the Mark to oblivion, denied the people right to cash their gold and Hyperinflation set it which created an uprising lead by the socialist Hitler. The rich was Western Allies and the poor was Germany.

[@TokyoRealEstateMan.website]

agree

[@Christoph877]

He's been reading Ray Dalio's content 😉

[@MsLZ25]

@@josephlim8941 I am truly impressed by your comment! This is how fascism was born. Not many in this country know history. Right now, what is happening in Canada, makes me think about those times in Germany.

[@josephlim8941]

Universum Translation & Consulting Thanks. I just hope that we don’t head down the same road. Though history always repeats itself. In the meantime, I’m clinging onto my silver and gold in anticipation of a much higher inflation than what Powell is projecting. Be careful what you wish for Mr. Chairman.

[@jlich1015]

I'm a born and raised Habs fan from QC but Sakic was always my favourite player. He should have been a Hab. I always appreciated the high level of class he brought to the sport and his presence on Team Canada was second to none. Maybe he'll coach the Habs one day!

[@aloiskissela7797]

Fir sure....

[@Jawwseus]

Jeff is fantastic here. Describing a complex problem and systematically deconstructing the chain of events that got us where we are Most ppl are completely weeded out of the economy and they don't understand why Deflation would be GOOD for millenials and other industrious people. we just never allow the natural order to take place

[@MsLZ25]

I am not an economist neither into conspiracy theory but I am just wondering why the government allows 8nflation to happen? Maybe because the wealthiest on this planet do not want deflation? Don't forget that the Feds is a private entity. And a lot of countries are in debt to the US. The whole pandemic was orchestrated by a group of ppl who wanted and planned this. Look how many governments do the same things. What do you think?

[@ExtraordinaryLiving]

@@MsLZ25 Yup, agree 100% !

[@user-vm7qk7zy4j]

This is excellent. Thanks for bringing this on board and sharing with us..

[@themoon2457]

The right choice of investment has always been a big problem for me, because, I know that picking up the wrong investment will leave a big scar in the future.

[@user-mg7lv1lp1j]

And that's why I choose to day trade! 💪💪I worked today and placed trades during breakfast..

[@themoon2457]

I have heard a lot about cryptocurrency trading. Is it really profitable as people say it is?

[@user-mg7lv1lp1j]

This is 100% true... Self made millionaires like Warren Buffet and Bill Gates, never made it depending on paycheck neither were they salary earners.. I think investment should be everyone's priority now and currently 97% of it is done online. I realized this long time ago even before the pandemic...

[@hardc0recrypt022]

Put money in hard metals like gold,silver and altcoins...

[@alexfalconer4487]

The first part of the interview with Jeff Booth makes so much sense I was worried I was missing something. I am a CPA and over the years I have seen first hand, the efficiencies and job losses (less job losses, then hiring less and doing more) with technology. This change is permating through out society. Thanks for having Jeff on your show. I have reached out and bought Jeff's book and once I read it, I will post more. I have had numerous discussions with cohorts of mine to predict the future and the upcoming asset deflation. We have determined and I will follow, the oil and gas industry, the mining industry, the technology industry and to a smaller extent, the digital currencies popping up, like bitcoin.

[@ioannislazaridis4887]

Jeff explains the mechanics of economics better than economists do. Many thanks for the production of this video- interview.

[@ExtraordinaryLiving]

Time stamps for self ... Ref 18:42 ~ 21:07 - The most important part of the vid for understanding economics and our monetary problem. Ref 21:07 ~ 22:05 - Capitalism & free market vs. socialism.

[@vladimpala3847]

29:00 Addy is not really driving the cost of investing to zero; it is just a real estate syndicate for the masses to participate in the property mania by investing a small stake in real estate. The closing cost of a property may be $1.1M for a property value of $11.9M. The minimum subscription is a dollar. Addy's common shares may amount to only 8% stake in the property, with the rest made up by accredited investors (29%) and debt (63%).

[@tomaga5856]

Yes but the question is if they use debt financing or only subscribers money? I would invest if they don't use any debt financing, but if they use our money as a down payment and they participate in free Equity via debt financing and we still take the risk on this financing then it's not skewed evenly anymore. I would really like to know if they use or don't use that financing. It would be the pivotal factor for me. On the other hand, let's say they did use that financing and it was 50% loan-to-value, and then investment of $1,000 would you do $2,000 of shares, then I would say that's a fair Arrangement and according to their statement of only trying to make money on the membership fees like Costco Still Remains valid and they are a trustworthy company. Where I have a problem is if they use debt financing but they don't issue us the shares of that part of the deal and keep it for themselves. Then the deal remains ambiguous and I'm not getting all the information up front with pure Clarity and transparency as they claim. I would love to know. Great idea by the way. Thank you very much for your comment.

[@Skypuffxl]

I am so in love with this channel. I am 40 years old and just started investing in stocks, bonds, and ETFs. I even started my IRA, and 401k with the help of my licensed trade analyst, I’ve been able to compound over $16k in profits from my trades.. It’s exciting, and I’m learning wish 25 year old me knew this stuff. Always look forward to your next content.

[@alexpavarde8698]

It is to leverage both the ability of decision making, and spotting the right investments. It’s your shot. You got this.

[@Skypuffxl]

For the benefit of those looking to expand their portfolios, what better than to do it with a seasoned financial analyst? Look up Hestrelegan..info to get acquainted with his services.

[@LovelyRubyruby]

He recommend investing no more than 60% of my portfolio in growth stocks. The rest should be in a diversified mix of low cost index mutual funds that has earned me more overtime.

[@liuzhejiang107]

Compounding interest dictates that even small sums of money can be turned into fortunes over time. The case for me since I got working with Hestrel, since providing me with the right investment choices.

[@tonyfaulknor8273]

4:10 they're not trying to stop technology, Jeff, they're trying to make us into technology, robots don't complain.

[@ExtraordinaryLiving]

Good point. Smart of you to pick this up and distinguish it. See, "they" (the elites) are trying to make us (the little people, the workers) into technology so that "they" would have more spare time to enjoy their lives.

[@andreferrer9350]

Jeff booth has a great view. Yet I would say that in the coming socialism, real estate rights will not be respected.

[@jkraft2652]

Yes, I'm selling a rental because of tenant payment risks...

[@cramsa]

@@jkraft2652 That’s what my parents are doing.

[@matthewd2639]

I agree, but with socialism, I’d say they will not respect any of your rights. We are already seeing it here in the US And in Canada with free speech codes (ironic, I know) and widespread disrespect for religious liberty, gun rights, spying on email, telephone calls and through visual recognition and the freedom to associate. Jeff Booth’s view is right on the money.

[@kendracollier4810]

Can you elaborate? What rights will be taken away with owning real estate?

[@andreferrer9350]

@@kendracollier4810 Just taking for example my country Brazil, that is halfway there already: paragovernmental institutions control the process called "agrarian reform", that consists in expropriating people's lands and handing it over to other people, based more on political agenda than anything. And of course, it would be wrong no matter the reason. Second, and I would say even more serious, is simply that, if someone invade someone's land (especially rural), many times there is no government protection against it, and many"NGOs" sweep in and those lands stay invaded forever. All these things were implemented during the 13 years worker party's rule in Brazil. It is a serious problem here and it may become in other countries as poverty rises. Now, all this can happen in rental property, if the conditions of rising unemployment and poverty rises, in any country. Hunger generates tyranny

[@roberthodgson3574]

More relevant now than ever. Read his book, start thinking about your future, don't wait too long!

[@Rob-fx2dw]

Jeff is right with his understanding of government intervening into the market and making its money a larger and larger component of prices. The reason prices exist in the first place is to compare relative costs and efficiencies and determine what people need and are willing to pay for. It's become a circular reference where government fools itself into believing it can use prices when it is only measuring it's previous guess so it all ends up in a distorted mess. .

[@jimmyhvy2277]

So , i am hearing , Hyper inflation , followed by , massive Deflation 80 to 90 % . So , if we don't invest , we are stuffed , and , if we do invest , we are stuffed . Sounds correct to me !

[@davidlloyd-jones8519]

well yes and no - mathematically at least, if everything including your money drops the same - well you can still afford what you could have done before. Its the same as it would be saving for a house thats rising by say 10% but your savings are earning the same 10% - just reverse it. Problem is likely that things wont be smooth or dropping at same time/rate

[@drewmueller4609]

Wow such a great explanation of what's going on. I love when someone is able to break it down without dumbing it down and still have it make sense. Also Addy is such a great idea. Much success to you guys

[@Christoph877]

Steve, may I make a guest/interview suggestion? Lyn Alden. She's got all that's going on down pat as well. She's exceptionally well versed, and can truly get into the meat n bones of all that's going on.

[@rg3412]

The host should have the best sound, but that’s the not case here. Lot of background noise

[@alexlaw13]

What is the value proposition here compared to a REIT other than being able to drive through a commercial building I invested $1.00 in?

[@alexlaw13]

@Go Live I will give them the benefit of the debt and assume that their business plan of monetizing memberships is their main source of revenue. What I dont understand is how this differentiates from investing in a REIT which is more liquid and benefits from leverage which I don't see them indicating on their site. I suppose do to p/e multiples on REITs, there is more risk but r/r much better if Addy is relying on cap rates only

[@michelesimko7541]

You hold cash for emergencies ie. Car break. Roof leaking. Tell us where to put emergency fund. Please answer

[@theredpillar4149]

So hard to sift through all the noise to find the actual signal these days. This interview was all signal, thx guys

[@patricksuwala4090]

You know...the first 20 minutes or so was spot on information. Then they try and sell you on their products the rest of the video and on bitcoin lol. The fact that they didnt mention buying physical silver/gold shows how bad their blinders are on in this situation. Silver and gold have thousands of years of a track record of saving wealth. Bitcoin hasn't even been through one crisis yet.

[@DormantIdeasNIQ]

Hype in sales cannot align with common-sense, or the sale would fail. But since the criminals hold control over all commodities, and if in the end-game they are not removed from that control, even gold and silver can be made to be pitfalls. Just another orchestrated cycle to shift into their coffers the crowds(gentile)'s money(resources). Yet the greater chance is to shift to (not so)precious metals(anymore). But if you think of it, it is only for people who have saved money, not just running money. So, that applies to a small portion of the population... The solution is not to join in their crime and use speculation to remain on top, but to dismantle the CRIMINAL SYSTEM. ...and... shifting to anything is practically useless since one has to shift back to the currency to be able to purchase anything!!! Have you ever tried to pay your groceries in gold!?

[@thayan1029]

Very good informative easy to understand real stuff. I really appreciate your desire to educate the public in a simple way. You are appreciated. Thanks.

[@nickd9274]

How is this project different than a REIT?

[@MrJaywed]

How is buying an inflated asset like real estate, which is based on the debt problem mentioned throughout the video, a solution to hyperinflation? Aren't you perpetuating the problem?

[@jcdelpiero]

Would you rather be left with wheelbarrows full of worthless currency or a roof over your head?

[@SAZ-3500D]

I think the idea is that instead of having all of your currency in precious metals and crypto currencies they are trying to let normal people diversify into other assets that are inflated like real estate. If you buy into his thesis, then you think that governments won’t allow these bubbles to pop by sacrificing their currencies

[@jcdelpiero]

@@SAZ-3500D and is that not exactly what they have been doing?

[@peterdukes7771]

Thanks Steve, excellent stuff 👍🙂🇦🇺

[@Christoph877]

This is excellent. Thanks for bringing this aboard and sharing with us Steve 😎👍

[@MozelleP2V]

Very smart interview. This is my first time to see any of you. I am very impressed!

[@tomaga5856]

Does Addy also use that financing on top for their deals? Or is it a pure cash purchase? The reason I ask is because most real estate purchases are funded with mostly that, and that brings the question if the crowd funds the down payment?

[@SuperSweetflowers]

More then half of European countries already have socialism. But, they don't stand on pedestals and yell about it for everybody to hear. People are working and they have great benefits from their jobs. And you don't have to be a doctor or a lawyer to lead a normal life. The regular factory worker have 35 hours full time week. They have 4 weeks of vacation time, from the first year of work, they get paid when they get sick, they pay smaller taxes and yet their health insurance is 80 euros a year! and the health care care is free (it in their taxes, which are lower than ours, I've already pointed that out ), and that includes surgeries, meds, dental and even some plastic surgeries. They have small governments and the government workers do not need "special treatment" and tons of security payed by people's taxes, like in our case. Their senators and governors are flying economy class, so not to spend people's money. They have free education (locked in taxes). I can continue for a long period of time. And yet, all you can say - "look at Venezuela, look at Russia..." Your examples are - the most corrupted governments, nothing more. The corruption in those countries is equal to ours and there is nothing socialistic about those countries, besides the "name of the structure", which is totally false, considering that the actual government in those countries lives beyond and above most richest people in the world. You giving Russia as example and yet the people from the government of Russia are taking the top lines in Forbes - it is no socialism, it is corrupted system than nobody come up with the name for it, besides feudalism/banditism . And the rest of the population - live in total poverty. Same thing is with, so called "socialistic countries", that everybody like to use as example. One day - it will all change. People have enough patience, but they want to leave normal life, and it is possible and exist in other countries. No matter how long you are going to refuse, and clang on to your billions, speculating on the stock market, or selling stuff at great profit and paying workers, almost nothing, the real socialism is the - future. Not corrupted one, like the ones you used as an example, but real one. Nobody is against wealth, but, normal people are against some individuals, who didn't work a day at real job in his (or her) life , and has billions, when others are working 60-80 hours just to be able to feed their families and still struggling to pay all the bills, and I am not talking about something "fancy" - just regular bills for outrageous prices of utilities, water, small house (if they lucky), small apartment rent and so on. It is simply not fair. We are the "richest County in the World" - agree. But, who is rich? Why, if someone got sick - it's "his problem"? Why health insurance is not affordable? Don't we pay enough in taxes to pay insurance companies, who produced nothing, but its owners wealth? Who and why do we pay our taxes? I've had no help from the government, not even once in my lifetime. So, why do I have to pay? For what? So they can live large and spend our money? Buy 300 million dollars yacht, very first year after the "presidency", (Ms.Obama)? From the 8 years of his presidency, even if you combine all of his paychecks - you would not be able to come up with that kind of money, needless to say, how much do you need just to maintain the yacht, and of course, it was not the "last money scrambled" to buy a toy. Anyway, just like I have said before - nobody is against the wealth. But people are against corruption, and untouchable crooks, who is ruling our country . Mr. Bide was poor like a rat when he got in the "system". Did anybody wonder what is his net worth? He is not aloud to have private business. And everybody knows how much he should make, more or less. So where's his money from??? Clinton's are the same, Bushes - too. All of them. Trump - knows how to play the game , as a businessman. At list, this man was real capitalist, and he did not steal money from taxpayers. BLM - does nothing but crushes small businesses and support Dems. They don't bother much about right or wrong, and killing anybody who is in their way. So, this country is doomed. No matter who is going to win the election. Until people realize that they don't want to be slaves anymore, despite "color differences", and will get rid of corruption on every level - there is no normal future. And, by the way, enough of that pLandemic hysteria too.

[@patricksuwala4090]

Wrong. In these "socialist paradise" you speak of, taxes are upwards of 70%. No thanks.

[@allistairtrent]

There is a significant problem with the inflation argument as it pertains to residential rentals in that the rents are ultimately underwritten by the creditworthiness of the tenants. Prior to the pandemic many lower income families were already paying well over 50% of their income in rent and many more required various forms of government assistance to get by. Real wage inflation is hard to come by with record unemployment and without it rents will be under pressure.

[@dek2000utube]

Is this Canadian or US dollars? Open to US investors?

[@thanks4that261]

What is a promo code for Addy?

[@stephenkrause6059]

Excellent! I recently heard an interview with Jeff Booth, Lyn Alden and Luke Gromen and it was a real eye opener.

[@RyanThomasWoods]

Where can I find this interview you mentioned?

[@ReeceCaruso]

Great suggestions! This is such an important topic to be discussing. I really enjoyed the video!

[@ravenxin4832]

We The People Freedom For Eternity Plan: Step 1:Organize community and protest Step 2:Secure financial sovereignty get gold, silver, Bitcoin hold for emergency. Step 3:Repeat 1 and 2 until all freedom is restored Stay strong, stay free!

[@RyanThomasWoods]

Almost wasn’t going to watch because it was a long video but so happy I took the time today to watch it. Jeff was so interesting to hear. Also Addy sounds really cool! Signed up but shame I couldn’t invest in that Starbucks property but looking forward to Ontarians being able to invest in other properties!

[@addyinvest]

Welcome to addy! We are excited to have you onboard.

[@JTland-sea-air]

Great speaker and content. Be great if we could HEAR him. TURN UP HIS VOLUME PLEASE??? Thank you.

[@tidbit5]

Not sure how to feel about Addy. I like the concept, but curious if it could cause a wave of similar programs that ultimately push prices up. I realise alone it wont make a dent, but if there were many different crowdfunding type schemes like this, surely that would just inflate prices further since there would be infinite buying power. I really wish it was solely targeting commercial real estate and multi-family because morally, competing in the single family market doesn't seem like a good idea at all.

[@killerrf]

Chris Lin... morally corrupt infiltration of the people... is how we got here in the first place. No one will own anything in the coming future regardless of how much they own/on credit today.

[@ggrthemostgodless8713]

1:17 Jeff has a great reductionist way of analysis; but I wonder if when he says that there are TWO main forces deriving things now, is he correct, why two?? Noticed he put a lot of OTHER THINGS together into those two things that perhaps should not be crammed into those two, though I see why he would do it, if he need it to be just TWO main, strong, things driving events right now.... I wish he would untie a few of those other important things and make them their own prongs so that perhaps instead of just two things to examine he can say that there are six main things deriving events and talk about them. Do you agree??

[@WARDEN26]

I think Jeff makes some great points, but I can’t see how technological innovation would move at the same rate he describes under a deflationary model. What incentive would innovators have to create? Maybe I’m missing something?

[@bigmaky8253]

J. Powell said, of the FED, "Our most powerful tool is forward guidance" i.e. "Our most powerful tool is getting you to believe we are printing money". (see St. Louis FED link at bottom on QE). Prices increase where there is government subsidy or lending occurring (education, health care, housing). I know people from Venezuela who experienced government money printing and we are not doing it, yet. (see below). Inflation isn't coming until the FED goes from "lending powers" to "spending power". QE is NOT money printing (see St. Louis FED link below). We are about to have a massive deflationary event. The FED, through QE, creates reserves on behalf of the banks in exchange for debt. Member banks use their own liquidity to buy debt. That debt is then "sold" to the FED but instead of giving the "money" to the banks, they place it in reserves on behalf of the bank. Those reserves are NOT legal tender. They cannot be spent! Even when corporate bonds wind up on the FED's balance sheet, they still have to be serviced! It's not like the FED forgives the debt. So this idea that corporations or the government is getting money created out of thin air is ridiculous. Reserves are created out of thin air. Money is lent into existence. Even those credit facilities are loans using special purpose vehicles designed to bypass primary dealers. The FED does not have the power to spend directly into the economy. Powell mentioned this the other day. The FED can only create reserves to be lent against. If there is no lending, in excess of repayment, there is no money being created. Money is destroyed when loans are repaid and even faster when default occurs. In a debt based economy, debt must expand beyond repayment for "growth" to occur. When we borrow, money is created in the economy, when the government borrows, they do so from existing dollars, thereby shrinking the amount of liquidity in the system. That is deflationary. QE is deflationary (see the link below from the St. Louis Fed). Bank lending standards are at ’08 levels despite what you may hear in the news. //fred.stlouisfed.org/series/DRTSCILM

[@MrCEO-1]

Nice thesis

[@ExtraordinaryLiving]

"In the bills below, once the FED is authorized to create money and spend, there will be free smart phones, WiFi, $2,000/mo UBI, no rent, no mortgage payments, no commercial loan payments and no credit reporting among other things." Great! But also ... *no individual LIBERTY!!!* Hell is dawning .........................................

[@jeffrey9141]

Steve - The inflation crowd is going to loose their shirts. Canada entered this crisis with record debt levels at the consumer level and a giant asset bubble on housing. Asset bubbles are hugely deflationary when they pop. The inflation everyone is looking for happened during the last two decades, home prices in TO and Van went up 7% CAGR y/y. Central banks effect base money, most money is created through the banking system. Job losses, increased propensity to save, and the bursting of a generational housing bubble will far out weight central bank action short of full on MMT 2k a month for everyone forever no strings.

[@nicktamburri6251]

You are missing one point I would say at least 90% of the people that lost their jobs were in no position to buy real estate anyway

[@jeffrey9141]

@@nicktamburri6251 even if only the lower class lost their jobs the downward pressure on rents alone would topple the massive property bubble. Fact is the white collar layoffs are still to come, the pain will be felt throughout

[@roseoverdose6451]

"irresponsible not to hold bitcoin in your portfolio" - wow! I would argue the opposite... how is it irresponsible not to hold a speculative digital currency? ...that seems like an insane statement.

[@b-rare]

Good video thanks for doing this interview. Interesting and gets me thinking differently. p.s. love the joe sakic jersey on the wall. I was a fan of that team back in those days as well. they were fun to watch.

[@abuwarith1]

Every transaction has two sides so who benefits from the debt and how do they create inflation, I'm new at this macroeconomic stuff. It's all so interesting.

[@TheReitnorf1]

Thinking of buying additional farmland. Operate a small organic farm at present( 1000 acres) Am I crazy to borrow 600k? Where do you see agricuture going in a depression?

[@chillier8363]

Really great macro explanations from Jeff.

[@chillier8363]

He's the first I've heard bring up the deflation caused by tech development, as obvious as it is it's not considered enough

[@Android-Zen]

So what's better? Buy assets or payoff student loan debt?

[@jackgoldman1]

Why isn't education and health care cheaper and more efficient? Prices only rise. Why?

[@glennmiller9768]

jackgoldman1-because stupid people are still lying to themselves and deluded into believing they're getting value and worth by paying for high education and health costs. New educational paradigms need to achieve critical mass via a new systems approach and new teaching using the newest cyber technology concepts. Ditto for our laughable medical witch doctor professions who refuse to admit they use outdated and provably unscientific treatment protocols. As Robert Kiyosaki states we're now in the cyber age and beyond the information age, and only fools (education and health) are still attempting to maintain Industrial Age concepts--long since passe as in terms of dinosaur thinking. The American and Canadian post secondary education and medical systems are modeled on Marxist-Communistic ideology--top-down administrative dictates to the modern day proletariat being told what they need which in no way corresponds to the true needs of the plebe and serf classes. After all both of these system applications are really true products of the bourgeoisie Industrial Age and are meant to supply workers for the Industrialists to exploit. Contrast this to a pure free market economy where if a business (education, medical) doesn't provide proper and excellent services to their customers then it makes itself a victim to its own demise through economic Darwinism. The real problem is that all governments continually interfere in our free markets' natural systems of checks and balances so that the education and medical products---which are heavily regulated by government--- or to put it more correctly---are heavily interfered with by government---which always results in a guaranteed inferior product. And because both products further have significant lobbyist interests attached to them there is further distortion away from the production of a superior product for less cost.

[@hooverdog1957]

Because education and health care are heavily state controlled and socialist. For college you get a student loan very easily that is guaranteed by the state so colleges increase tuitions. Also public schools collect money from everyone, even if you don't have children through forced taxation and that drives costs up. The state has no incentive to be cost efficient. Ever notice that voluntary health items you pay out of pocket like lasix eye surgery, cataract surgery and plastic or cosmetic surgeries are cheaper in comparison to those paid for with socialistic means. Government involvement in anything drives prices up. Anything free market drives prices down. Now notice there is a difference also in free market capitalism and what we really have today in most cases with giant corporations is crony capitalism. Google the term to find out the difference.

[@houndhog4886]

Well stated above ^^

[@jeremybw2180]

'The same government that created the problem...' Sounds very similar to “We cannot solve our problems with the same thinking we used when we created them.” Albert Einstein.

[@12345sankar]

Thank you so much,Really informative. I think Japan is an exception, they did not inflate the assets price in their country since 1990.

[@danniemoore97]

they tried it didn't work though they printed money and still had deflation.

[@richardr1891]

If this allows you to Invest and Diversify ... how does it deal with liquidity and transfer of shares ?

[@G_Ellis606]

It doesn't. You never see your money again...

[@mgregorian]

you protect your money by buying assets mainly real estate and stocks.

[@YeayeayeaDam]

exactly, missed the chance on 2008, not going to let 2020 slip away again, already up 70% lol

[@sharinglungs3226]

I’m not so sure about real estate. Seems like it got ahead of itself in Canada and the inflation is probably baked in with real value going down. I see real estate going sideways for a decade. Stocks might be the only thing left to increase wealth.

[@cryptowestcoast]

Hi would argue gold, silver, and bitcoin and other digital assets as well. Just heard the 25 minute mark now.

[@YeayeayeaDam]

the whole reason of holding real estate is because it's the cheapest and safest leverage for a normal person, ppl just can't warp their mind around this lol

[@donm2067]

Apple is BlackBerry and Tesla is WorldCom, we will see.

[@goonerB]

Why are the banks and government handing out loans without credit checks to businesses. How is that going to affect the receiver of the loan ??

[@jackjogger1051]

They get free money then just declare bankruptcy which they probably would have in the first place.

[@davidcoard1978]

The counter arguement is that population decline evident in China & elsewhere raises the bargaining power of labour which is inflationary. How does weigh these cross currents of deflation & inflation.

[@willm1174]

Buy gold! Guys check out Peter Schiff, he has some very interesting points on all of this and predicted the 2008 financial crash. Great video!

[@MsLZ25]

Gold and silver.... great idea but what if the government decides to confiscate gold like in 30-s or 70-s?

[@mariagee1233]

@@MsLZ25 buy some led too

[@CV-nn7jj]

@@MsLZ25 Well Government is stealing your cash through inflation tax... Even if you hide cash under your mattress, the Fed can just make your cash worthless. Gold and silver has less counterparty risk and they can not print Gold and silver.

[@ronbaltus1092]

Would a perpetual 5% bond be a solution?

[@Whatsthis1do]

Thanks for the video Steve! Agree with what was said, no surprises (Because of your channel). Addyinvest seems interesting enough and a good platform but why choose this over many other REITS available with excellent management? To Jeff's point don't we want to diversify away from the Canadian market? For those who don't have Canadian real estate in their portfolio it may be a good option.

[@simonmohs9502]

Thanks for the upload!

[@ADobbin1]

Where can you go when you see hyperinflation coming on a global scale???? Every country on earth is in on this.

[@SaltLife1717]

Jeff; happy new year! Mic check or speak higher next time man. Consider screaming 😆. I find myself lower and raising your volume back and forth bro!

[@jamiemcinnes5456]

Great interview. Thank you.

[@nickb8002]

Not to mention demographics. The aging of our population is also deflationairy. Price deflation is not bad thing, asset price deflation is the real issue for banks and central banks. They dont calculate inflation correctly and ignore the inflation they so create. Its very strange. Thanks for the interview.

[@NavjotSinghpatiala]

True, the Advantage of Technology is not being transfered to people to enjoy our llife and work less. let the machine do work for us. but we are increasing the price of Basic (Bread/House/Durgs) so people end up working more

[@tomaszser470]

not transfered?! What a LIE ! I saw TV antena eaven in poor Beduin vilage in Atlas Mountain on every flat-roof house! Only rich people posess smartphonas , electronic watch? Stop lying ! No phone, no calculator, no TV, no watch is working for you ?! I do not belive!!

[@pocketrocket946]

It'd be nice if you guys could turn your notifications off while filming

[@tomyshaw977]

My statement is, if deflation is the fighting force, wouldn't that make people richer/more money chasing fewer assets. In sens, people can buy more things with their money. At a certain point, people have more disposable income, what will people do with that extra money, they will want to invest, the simple fact of investing, pushes assets higher. It is almost like if deflation converts into inflation in assets. Disposable income also give the ability for business/consumers to borrow more, since their DCR increases making them more solvable. If deflation is happening, why wouldn't you hold cash? The money can buy more in the future.

[@chillier8363]

The background noise is unfortunate

[@JetLife413]

@@saretsky No need. Just tell Mike to mute his mic!

[@peterbedford2610]

Of authoratarian rule is in the cards, I don't see how bitcoin will be that different from any asset that someone may own. The system can track any and all transactions and the outcomes of transactions can be closely scrutinized.

[@elekal-bazi2463]

The best things to keep your assets in a good shape are precious metals ,, gold and silver Don't trust any electronic currency

[@TheFunSheet]

Silver is definitely one to own

[@ExtraordinaryLiving]

Agree! Actually *electronic or digital currency is or could be a path to totalitarian control.* I would never want digital currency to replace our current form of currency at all!

[@jimmyhvy2277]

Deflation is good for average people , but, inflation is good for big businesses . Governments back Big Business , not the people .

[@Charbo84]

Can you suggest a good twitter/youtube account to learn about bitcoin and get ideas?

[@cryptowestcoast]

Ivan on tech, Anthony pompliano, digital asset news

[@Charbo84]

@@cryptowestcoast thank you👍

[@cryptowestcoast]

@LilysToys I think Ivan is good to give a 'world perspective' of digital assets. Did you get your free UNI coins from uniswap? Ivan encouraged his viewers to just try Uniswap, which I have done, and as of right now, I have the value of (400 coins X $6.40 = $2560 US). I think his insights are good. But I will also look at the others that you suggested. Thanks

[@cryptowestcoast]

@LilysToys I was going to make the same suggestion when I listened to this video.

[@dee4560]

Crypto bud is my favorite

[@ruthcatherineolumma1159]

There is no time to waste start thinking about your future...

[@lienjmartin6943]

Yes ma'am I agree with you on that

[@juliecopland1163]

So what are your thoughts on this current economic issue

[@ruthcatherineolumma1159]

The next 1-2 years is gonna be exciting! For me

[@juliecopland1163]

@@ruthcatherineolumma1159 how is that gonna be

[@ruthcatherineolumma1159]

I have learnt a lot of things since last year and I'm looking forward to practice them.

[@629990]

You said you can't controll asset valuation but there is a way and I've heard some rumblings that is starting be thought about, to add capital gains taxes on primary residences. To make it palatable thay would pick a starting value like 500k where they would start to apply it and ramp it up with price. As long as it looks like its targeting the rich, people would accept it. The other issue is restate is behaving like a ponsie scheme people at the bottom paying for the people at the top but as prices out price inflation the bottom can't help but collapse at some point.

[@anthonym9130]

Their is a downfall with real estate as hedge as opposed to gold,silver,bitcoin. Their are costs with maintaining it. So if you buy an over valued condo as an investment how much rent would you need to collect just to break even considering mortgage payments,property tax and monthly maintenance costs? As well as the gentlemen mentioned taxes will have to go up to service public debt, some of which will be applied to property. People that rent usually are not the wealthiest which means they can only pay so much. As soon as costs exceeds the needed costs to maintain things will certainly become problematic. Money printing alone cannot maintain this ponzi scheme from going on for ever.

[@gregmccain3845]

Steve has sold 5-8 homes this month making between $ 50,000 - $ 70,000 in net commissions. He's doing amazingly well. RE is on FIRE for RE agents.

[@anthonym9130]

@@gregmccain3845 in toronto theres an inventory problem. So if your in the top 5% your ok. Many are not getting listings

[@TheZgator]

What the heck was the garbled noise in the background that made this very hard to understand? Otherwise great.

[@KennethYimHomes]

Sounds like it was that third guy

[@KC-ku5sp]

There’s still the issue of the economy. If we see rounds of lay offs, the psychology of buying real estate could shift despite low interest rates. You need to have a job... but I don’t put much past policy makers.

[@davechilton9050]

If you invest $ 1500 in Addy, how much is the return?

[@syrob222]

Why not just invest in a REIT? More liquid, low barrier to entry. Am I missing something?

[@addyinvest]

We addy you can invest in a specific property, for as little as $1.

[@davidlee3262]

Was watching the episode, stopped watching, signed up, and made my first investment! I spent 8 yrs living in nyc during the dot com bubble - any plans for investment there right now? I remember the prices crashing right after 9-11 only to rebound sharply thereafter. I know the rich are fleeing the city in droves right now, but I have faith in nyc and the tough spirit of its residents!

[@addyinvest]

Welcome to addy! We will keep bringing on new properties all over the place. addy members will be notified first. :)

[@LA_GYM_DUDE]

I'd like the names of the 73 people who gave this a thumbs down! hahaha

[@ytyt3922]

You might wish to look at some of Steven Van Metre’s videos. He is a deflationist like Jeff and has some of the most thought provoking and original analyses I’ve found.

[@henokghebrezghi5918]

How do we know this won't turn into a Quadriga ponzi scheme?

[@henokghebrezghi5918]

​@@saretsky Thanks and that does go some of the way. However, people, companies and the circumstances they find themselves does not stay constant over long periods of time. Will the company's leadership take more risks when times are great, coffers are full/frothy? Will they act unethically when things are going bad or when risks don't pay off? Will future new leadership act just as ethically as the current group of leaders? What happens if there is new leadership? What if there is a rush to the door, who will be allowed to get out of a bad investment first? Etc... It would be better to speak in terms of risk probabilities and how one might reduce risk or how they have setup their business to allow for personal accountability or some form of protection for the consumer/member/investor. It would also be great see some of these questions answered in a FAQ page on the company's website. Having said that, I think its a great idea and very needed. I might invest a small amount I can afford to lose.

[@v.p9412]

@Go Live I agree - they would promise anything to take your money. Any real advisor would not promise anything. No wonder these guys advertise on youtube to find fools

[@shawtvision]

we dont know, everybody trusted Quadriga until it ended based on the Reputation , being the largest exchange in canada.

[@v.p9412]

@@saretsky if you trust someone who guarantees a return from real estate you should trust my neighbor dog too. Hes guaranteeing 20%. Just send his dog the money. I wonder why would anyone trust you as real estate broker if you promote this

[@v.p9412]

@@saretsky the dog. Was being sarcastic

[@good2goskee]

GOLD and SILVER!!!!

[@abc522]

Their company has anything related to the problem discussed? I don’t think so!

[@nevilletaylor490]

If automation creates unemployment then the unemployed have to be supported then taxes have to be raised and those businesses and companies that are paying taxes have to lift their prices, automation is inflationary

[@user-qn1sx1bo7w]

Air you breath right now” why do I have the feeling we will be paying for air through personal carbon taxes.

[@monap6174]

This model will also pump up prices even further and not considering affordable housing as a right to all human beings in a country as big as Canada with the vast amount of land and resources.

[@tidbit5]

I hear you, but to be fair, there are plenty of places on that "vast amount of land" that are affordable. its the fact that too many people want to live in the same place that is the problem .

[@addyinvest]

Check out our current property. It is a commercial property in Calgary. Min. investment amount that the General Partner required was $500,000. With addy, we take that amount and enable everyone to get involved for as little as $1.00. Now everyone can get involved.

[@nevilletaylor490]

If you want a quality phone, a quality camera and lenses, and a powerful computer with plenty of RAM and internal storage, those prices are definately going through the roof,the only way the kids can afford a $2000 to $3000 phone is on a plan with 24 months of payments

[@MrEabell09]

The Sakic jersey 🤙

[@rp1891]

won't they just start taxing bitcoin as they will any other assets? (asking for a friend lol)

[@rp1891]

then why does he recommend it if it's subject to the same tax vulnerability as real estate?

[@ExtraordinaryLiving]

Yea, right?!? And with bitcoin, a digital entity, there is no way to hide it if you don't want it to be taxed. One can always hide gold under the mattress or a hole in the ground, haha!

[@DJGelbart]

Fantastic conversation. Thank you so much for posting this. Only one comment: it is worth making a distinction between what is going on now and what might happen in the future. I think the discussion of financial changes occuring right now was fantastic. I don't disagree with the discussion of what might happen in the future as a result, I just don't think it is a deterministic prediction. Who knows what might happen in the future? Not that it is not important to try and guess, just that we should not expect to be able to predict. Edit: I commented too soon. The end of the video is a promotion for a real estate business that contradicts the first part of the video and will somehow miraculously make money when they get 1 million subscribers "just like amazon and costco!" JFC... Well, at least the first part was good.

[@Klapsis]

I wonder if the government only has 2 options to get out of this hole. Raise interest rates (bad for debtors, good for savers), increase inflation (maybe hyper) (good for debtors, bad for savers). I see why some say gold is good for insurance, I wonder if these options affect gold (or digital gold - bitcoin) in any way. Either way I don't see the government getting out another way unless they want to stay like this forever... maybe deflation

[@TheFunSheet]

Peter, please try to grasp, covid happened simultaneously, as such the world has adapted new rules together, This approach will be the same in order for the old monetary system to change into a digital one through the means of a digital virus, hyperinflation and negative rates are here to stay, fuel to the fire, until the digital virus “breaches” the global financial system, only then the new system will be presented to us all through the banks.

[@lynnellew5662]

Too much sound in backround...detracts from what is being said. Very annoying.

[@MrAnthonysimons]

Bitcoin isn't a natural market either. The CME group trades paper derivates. There isn't one natural market remaining.

[@mmustap3]

This guy Jeff is on to something.

[@bassbonerr]

​ @Steve Saretsky Steve great content as usual but how can I donate so you can get a better web cam lol

[@ty895]

Jeff's thesis has already been proven wrong by many historical examples. QE can boost asset prices exacerbating wealth inequality, but it all depends on where QE funds are directed. US did lots of QE in the 1930s-1960s and wealth inequality plunged during those decades because QE was directed towards things like infrastructure and social spending. Whereas, US QE in recent decades has flowed into things like real estate and stock speculation. Japan has done way more QE than the US over recent decades yet Japanese real estate and stock prices are way lower than they were in 1990 and they have some of the lowest wealth inequality in the world. Norway has inflated money supply more than twice as fast than the US since 1969 yet they have the lowest income inequality in the world. Like with guns, QE is a tool which can lead to a wide variety of outcomes depending on how it's utilized and implemented.

[@bunrisl]

Japan does not pay its executives the obscene that the western world does.

[@ty895]

@@bunrisl Yes, that's one of many contributors to wealth inequality that has nothing to do with the monetary system. A shift from inflationary monetary policy to hard money will do little or nothing to decrease wealth inequality if you don't address things like tax and labour policies. The highest wealth inequality in US history occurred under the 1920s gold standard.