Economy Will ‘Die’, Collapse Into ‘Depression’ Unless The Fed Does This | Lawrence Lepard

The amount of federal debt in the U.S. is going to create a "doomsday machine" that will erode the value of fiat money away and potentially spiral the economy into a depression, according to Lawrence Lepard, Managing Partner of Equity Management Associates.
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*This video was recorded on November 30, 2023
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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
1:16 - Sound money
3:28 - 2023 economic recap
7:46 - Fed monetary policy
10:45 - Bank failures
13:20 - Stock market rally last month
14:45 - Rate cut in 2024?
18:00 - ‘Doomsday machine’
22:56 - Economic depression
28:08 - Recessions and inflation
32:26 - Federal debt
36:30 - Best asset of 2024
37:51 - Bitcoin
52:16 - Gold
55:12 - Gold miners
1:02:10 - Lawrence Lepard’s career
#economy #stocks #bitcoin

[@TheDavidLinReport]

Bitcoin, stocks, bonds, or gold: which will be the top performing asset of 2024? Comment below and don't forget to subscribe! FOLLOW LAWRENCE LEPARD: Equity Management Associates: ema2.com/ Twitter (@LawrenceLepard): twitter.com/LawrenceLepard

[@BlueWaterSTAX]

Gold, without a doubt. Another record year for gold sales in 2023. 2024 will be better. As 2023 was better than 2022 by weight 👍

[@frankabler]

I can't believe Lawrence said "balls deep". You gotta call him on that one David! My 8 year-old daughter was listening and she asked me what that meant. Very embarrassing!

[@patharris5004]

@@frankableryour saying your 8yo daughter was listening to hour long market analysis and she singled out the phrase balls deep? Then asked you what that is🙄 This is David’s channel not franks channel.

[@patharris5004]

AU

[@timgibson3754]

I agree@@frankabler

[@Susanhartman.]

America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

[@ConorBrews]

Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. this year will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment?I can't afford my hard-earned 180k savings to turn to dust

[@ThomasChai05]

In the world of finance, recessions are prime opportunities for wealth creation. When my portfolio suffered a significant loss in April of last year, I realized the need to enlist the expertise of a financial consultant. With her guidance, I have not only recovered from my losses but also generated a profit of 450k. The knowledge and skills I have acquired through this experience have been invaluable in my journey towards financial success.

[@mariaguerrero08]

@@ThomasChai05Please can you leave the info of your invstment analyst here? I need such luck

[@ThomasChai05]

My advisor is "Camille Alicia Garcia" who is easily searchable and has extensive knowledge of the financial markets.

[@Grace.milburn]

Thanks for the info, i found her website and sent a message hopefully she replies soon.

[@geraldt331]

We can't ignore the potential impact on portfolios. Bonds are often considered a safe haven, and if they crumble, investors like me might scramble. I’ve been investing for 11 yrs and my $1m portfolio has never been this depleted, how i do hedge this?

[@Jadechurch-ql3do]

In fact, markets have incorrectly priced in such a pivot six times over the last two years, according to Deutsche Bank, which sounded cautious about this seventh time. Still showing us why pointers from market experts are essential

[@yeslahykcim]

A lot of folks downplay the role of advisors until being burnt by their own emotions. I needed a good boost to stay afloat, hence I engaged the services of a true market strategist to help rejuvenate my $700k portfolio and boost performance and returns by 40% in a little over four years.

[@codeblue11]

@@yeslahykcim impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now

[@yeslahykcim]

I'm being guided by Leila Simoes Pinto’’ who is widely recognized for her competence and expertise in the financial market. She has a thorough understanding of portfolio diversification and is regarded as an authority in this field.

[@brianwhitehawker1756]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@chrism6555]

Getting CPI numbers from our government is like asking the Mafia for the crime statistics!

[@matturner8]

I think we are too obsessed about the economy crashing. In the right sense, the economy never crashes. It just undergoes cycles, and almost always recovers. So I really don't care what the predictions are. I just want to grow my portfolio. I read that people are pulling in massive profits despite the downturn. Any tips on how they do it?

[@carolpaige2]

I think it's the professionals and those who use their services that are really pulling in the big money right now. There are really advisors that can help you achieve very consistent growth. I have a friend who pulled in more than $194k profit within three months. So you just have to make some research and get one who fits your fin-goal.

[@MarkGrimm8]

The market will always recover. The goal is to find quality stocks with long term potential. It's hard for the average Joe to do this, because it involves following a lot of industry news, following up with earnings, etc. It's easier to invest through an advisor who knows how stuff works, and make rocket returns.

[@KevinClarke9]

Investing in quality stocks with long-term potential is a good strategy, but it can be challenging for the average person to do this on their own. Keeping up with industry news and earnings can be time-consuming and difficult. That's why it's easier to work with an advisor who can help you make informed decisions and potentially achieve high returns.

[@Johnlarry12]

Well if isn’t that the hard truth…this investment-adviser that guides you must really on to something…who is he?

[@KevinClarke9]

It’s a She actually, Natalie Lynn Fisk I initially came across her on a CNBC news report then on smartadvisors and I decided to hit her up. Best decision I made to stay afloat 2020.

[@cornbin74]

Lawrence is dynamite. Very smart, has solid reasoning, and doesn't claim to know the future with certainty. He seems to operate in a world of probabilities, which is a good way to look at the world. Great guest!

[@therearenoshortcuts9868]

it's interesting, most people are psychologically unfit to handle a world of probabilities the idea that you can do everything right and be unlucky or do stuff wrong and get lucky ... is very unnerving to most people

[@SonicBonn]

He's great!

[@douglasthompson9482]

I must agree with the guest…..how far can this deception go. I too am very concerned.

[@MH-xk5kv]

forever if the average human being has the brains of a sheep.

[@JonM-ts7os]

For long long time

[@hunbiased]

One of your best interviews so far, and that’s a high bar. LL is a fantastic guest with clear insights. 👏

[@BlueWaterSTAX]

Larry is so cool. I love his humor. Thanks for having him on the David Lin Report. Awesome channel David.

[@miguelmaia8149]

Lawrence is great! Dave you’re the man. Not only for conducting this interview while taking a shite, but also for your savvy questions and the amazing content you bring. Thank you!

[@damianmousley2098]

😂

[@jaredcrenshaw7665]

Saying the economy can be saved at all is like saying a person with stage 4, end term cancer that's consumed the entire body, is full of painkillers, and taking labored breaths with machines can be turned around.

[@Mark-pb8kj]

So you're saying there's a chance it can be saved...? 😅

[@jaredcrenshaw7665]

@@Mark-pb8kj I was thinking of the scene from Dumb and Dumber when I wrote this 🤣🤣🤣

[@benschaffer7112]

Fantastic interview David, one of your best! Love Larry, such a straight shooter, who sees it like it is, and can articulate it clearly and concisely. 👍

[@Ambassador_Gkar]

And, he kept his colourful expletives, to a minimum 😊 Not that I mind using * words, to make a point.

[@jimmydean4509]

That might have been one of your best guests yet David. You guys flowed so nicely, your questions were on point and he clearly is a gracious man with a brilliant mind. Good job again man 👍

[@Vanessa56787]

Every day, we are confronted with new difficulties. It is currently accepted as the standard. We mistaken it for a crisis at first, but now we realize it as a new normal to which we must adapt. What steps can we take to improve income during the quantitative adjustment, given that 2023 will be a year of severe economic hardship for the whole country? I can't let my $800k in savings vanish after all my hard work.

[@Hudson367]

My belief is that the US dollar's value affects investments in a variety of ways, but having a trained portfolio adviser who can research and experience a completely broad market has never made figuring out how to grow your money easier.

[@Scarlett34568]

Utilizing a portfolio advisor when investing is, in my opinion, fantastic. I was really suffering financial nightmares before speaking with a certified portfolio advisor, right before the pandemic crash in March 2020. In conclusion, I have so far increased my initial $460k investment to over two million dollars with the help of my advisor.

[@Hazel5063]

Where may one locate a wise FA? Even while I like the idea of using their services, it's unfortunate that recent stock market catastrophes have started to happen more frequently.

[@Scarlett34568]

CATHERINE MORRISON EVANS. is the brokerage adviser. She has been quite helpful, and as a result of her advice, I now have a better understanding of how to make money. You can reach her by looking for her online and heading to her page. She is an expert in her field.

[@Hazel5063]

I did look her up; she is full up, and her credentials and resume are excellent. Regardless, I scheduled a consultation with her.

[@Maggiemay1942]

David's hair is truly a wondrously evolving phenomena:)

[@GORILLA_PIMP]

It's got that just woke up/ someone slapped him hard look

[@DrunkenXiGinPing]

I totally agree with the guest ! He is a smart guy and makes a lot of sense !

[@bryanc1177]

Unemployment is the only thing bad actors in govt cant control. People will spend every last dollar they have on credit until they lose their job.

[@marshallstrong462]

You have some the coolest guests and you ask some of the best questions. Thanks dude

[@stunn3r312]

Did anyone catch what Larry said at the end "He is balls deep into this trade." I almost spit my drink out...Ha

[@vanevans645]

I can't believe he said it either.

[@jamies3272]

Lol, I 😍 it!

[@justfedup]

Lawrence is a gem!!!! Balls deep, how genuine can you get, no bs out of this guy

[@investing1223]

I've been listening to people saying that the economy is going to collapse and the stock markets going to have this massive crash for the past 10 years and I've missed out on literally becoming a millionaire. There is always a stock market crash in the future but talking from experience, sitting around waiting for it to happen is a TERRIBLE idea.

[@may-maytanymaytany_s3417]

I’m with you on that. 👍

[@neonovalis]

True... and after a crash...a year later most will be recovered

[@investing1223]

@@neonovalis and the lowest that crash will go could be significantly higher than the price was when you decided to not buy and wait for the crash instead

[@neonovalis]

@@investing1223 Exactly, to bet on a crash is almost insanity. A crash might happen ... and your portfolio might be deep in the red for some months, just do not overleverage (to not get margin calls and all will be fine). But to hodl some Gold is always a good advice IMHO.

[@demri123]

True. Accumulate paper assets and then hedge with 10% metals or btc. Then u win either way

[@timothygould3542]

Some of the best arguments for Gold and Bitcoin. Not very many people explain the ins and outs of Bitcoin...the scarcity, havening, network effects and so on. Lawrence did a great job explaining it in a way that is sensible.

[@alliedmastercomputer5407]

Yet he will be horribly wrong about Bitcoin

[@carolyn9547]

Thank you David and Lawrence. Great interview filled with nuggets.

[@Asmodai2011]

Dont worry Powel is not even thinking about, even thinking about cutting rates, as he said about raising rates.

[@ramontiscar9194]

Always great to listen to Lawrence

[@notgunnadoit7461]

Here in Metro Detroit when auto sales slow then comes housing. And once housing slows carpenters, roofers, plumbers etc get laid off then they don't buy new trucks then more auto workers get laid off. It's a vicious cycle here in Southeastern Michigan. Then the auto suppliers get laid off and don't buy houses then more skilled trades get laid off. It happens pretty quickly. I've see residential developments sit for decades with zero movement.

[@chrisfurlong6288]

This is just what I needed to see

[@thealchemiz1134]

This was an excellent interview with invaluable information. Definitely deserves more likes. What do you say Fam 👍🏼 😊

[@AllWriteSoft]

You made the right choice going out on your own David! Another great interview. Mr. Lepard is very insightful and your interviewing techniques bring out the best content.

[@tomboygypsy]

Of course they'll lower rates. It's an election year. It's all a show.

[@SiNKiLLeR_]

100%

[@bpb5541]

And then we have hyperinflation or stagflation. Both of those make the purchasing power of the dollar go down.

[@justinarnold4406]

If they do then we will have hyper inflation and a great depression considering interest rates have gone up by 5 and prices haven't decreased. If they pull the rug prices will go through the roof.

[@Gold_Silver.]

@@justinarnold4406even if it doesnt happen right away it will still happen within the next 5-20 years imo. Im only 28 so by the time im dead the dollar will most likely be dead too, need to leave my bloodline well positioned 👌🏼

[@Michael-qy1jz]

Steal from savers to give to asset bubble riders, speculators & debtors. That's what they do when they forced rates down

[@maxangeles6279]

Good guest speaker. good content. thanks!

[@rsurendan007]

This host in simple language, easy to understand. He explains both pro & con on certain scenarios, which shows he may be wrong. He admits he does not know for sure, the future, so the listeners can come to their own conclusions. Awesome podcast. Will listen again. Awesome work, David & glad for your new channel. You're a gem in podcasting. You listen, joke & let the host speak their mind without interruption (avoid ego to be right).

[@beninay]

Dear David, you have a very impressive interviewing skills. That requires high intellect and great attitude. We are lucky to have access to your interviews.

[@NWCRYPTOADVISOR]

Great guest. Great interview 👍

[@chrisfurlong6288]

Amazing content

[@HinaSunniva]

Very good podcast, best ever that gave me clarity over bitcoin vs gold. Wish I had followed him earlier. I made big mistake following Peter Schiff and buying miners. I am stuck in with big loss.

[@terrillmel]

What would your guest say about a large recession though? The 2008 crash led to unemployment of 10%? Are they going to let anything like that happen? Or will they be able to prevent it?

[@user-ch9pz1uq9v]

The answer is no. Not only will they not be able to prevent it but it’s what they want.

[@ddhhayes]

Great interview David.

[@carlsitler9071]

Silver has been money, not gold. Roman coins were silver. The "dollar" comes from the Spanish "Tollar" which was a silver coin. Up to 1964, American money was silver, not gold. Gold was used much much less.

[@cjay3543]

Great interview! Lawrence is sharp!

[@ddprepper5227]

Excellent report 👍👍👍👍👍👍👍👍👍

[@thestalionmassimo]

I love your videos david

[@jod5834]

love to listen Lawrence!

[@COSTA2024-j2d]

Great Interview! Thank you.

[@gizmobently]

Great job David. Really enjoyed you hooking up with Gareth a few days ago.

[@azuraelion]

"Balls deep in this trade." was the best quote. Interesting guest with an opinion, moderated by experience.

[@danb5595]

Glad I stayed till the ending on this one.lol

[@vanevans645]

I cannot believe he said that.

[@shawnkristoferu8303]

I listen to just a few people on the KZbin on investments financial advise & Lawrence is one of them.

[@wimvanaerde6249]

And Peter Schiff

[@shawnkristoferu8303]

@@wimvanaerde6249 : I am not so convinced about Peter. He constantly promotes himself (negative for me) & is also in a conflict as he owns a company (Schiff Gold) that trades precious metals. I prefer Dr. Marc Faber, Jim Rogers, Simon Hunt, Alistair McCloud.

[@dillonsawyer9377]

Every question David asks is a good question😮

[@EgaBeava]

Love Lepard ❤

[@lianlight8447]

awesome interview... lawrence going B DEEP at the end!!! 🤣🤣🤣

[@trevordowney6425]

Bitcoin is infinitely divisible thus, supply is not an issue. Am I missing something? Maybe I don't understand the "fixed amount" argument.

[@user-kk9vg9eg6i]

Excellent work

[@RealJoshBinder]

If housing rates frop from 7% to 3% wont prices spike?

[@wojtekgoral7099]

It might be a stupid question but what happens if the government says no more bitcoin too much competition.We are going to run our own crypto currency.

[@PangeaTalk]

Great guest!

[@paulginsberg6942]

Lawrence is one of the very best. A man of integrity.

[@eclkt]

Thank you

[@kiambengang3533]

Good analysis

[@hansp.]

Blackrock BTC etf? What happened to no counterparty risk - outside the system?

[@Stocks-vu1zz]

Excellent guest.. excellent interview....really ejoyed this one!

[@stevehalverson790]

In an older interview with David, Larry recommend a fictional novel called The Mandibles. It is excellent. Follows an extended family in the near future after the US defaults on the debt and confiscated gold.

[@jbwentworthe6082]

And what prevents a BTCN II, BTCN III, - ? Does not its purpose require it to be "spent" on goods at some point ?

[@CryptoLando]

whats his bitcoin off ramp tho? feds going hard after exchanges. very risky imo

[@user-ViralVid]

Your opinions are food for thought

[@2nostromo]

4th Floor "So far so good" 3rd Floor "So far so good" 2nd...

[@marcocarlson1693]

Yes. The U.S. economy must have the printing press to not utterly keel over and you know what. This has been the case for decades. Sad, terrible, unfortunate, but true. It got this way because of people and elected officials of course. Well....

[@MiaKatherine-sj7ne]

The current system is showing signs of strain due to government and federal policies. In the coming days, the banking crisis would need to reach an unprecedented scale for the FED to avoid raising interest rates. However, that seems unlikely; an increase appears imminent, potentially leading to a market downturn. Anticipate more challenging times in the latter half of 2024, marked by market turbulence, escalating inflation, and potential bank failures. I'm curious: will the swift interest rate hike benefit a value-driven investor, or is it wiser to steer clear of stocks temporarily?

[@AndrewSandy712]

Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder.

[@DaveMccarthy896]

Thank you for your advice, it's challenging to find a reliable investment advisor here. Seeing the success you have achieved through investing I would love to have access to your investment advisor.

[@GersderaNioer]

I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Stacie up and send her a message. You've truly motivated me. God's blessings on you.

[@wildlifeencounters2527]

So what happens when the government where you live makes it illegal to convert sound money units into exchangeable currency?

[@douglaslindner3902]

Thanks David. I will always watch when you have Lawrence on!!!!

[@wimvanaerde6249]

Is he correct

[@mikesmevog7146]

I have Bitcoin, believe in it, etc. but my question I never hear discussed is what about these cold storage wallets, which seems to me to be pretty much a flash drive. Couldn't those stop working being an electronic device and all? Which would be terrible of course considering one may have alot of their worth relying on it...

[@marcbriggs4449]

If you have your 12 or 24 word recovery phrase (which essentially backs up your keys) you can restore access to your bitcoin even without the original wallet. Memorizing your phrase, and just to be totally sure, keeping an offline copy of it hidden safely away, is the ultimate safeguard for your bitcoin.

[@steved0123]

In 2006, I got a quote for three big oak trees to be cut down and removed. In January 2010, I got all three cut down plus three big pine trees, cut and removed with a 30 ton crane on the job. The 2006 quote was $5700. The price for all six trees in 2010, including the crane, $3400.

[@Radio280]

Banco Azteca in Mexico is collapsing right now. People are standing in lines to withdraw their money 💰

[@GORILLA_PIMP]

Wow really??? That sounds like it could ugly in a hurry Mexican citizens have a lotta guns lol

[@danielchavez70]

The way HR managers have to operate in this job market to recruit and hire fundamentally screw the job openings to the positive side. So even without the labor bureau of statistics further adding their own recipes to the numbers, they are already cooked.

[@Al-yu6bq]

Brilliant.

[@martyk6207]

What about the threat to Bitcoin that via the ETF's, 10 or so companies own a large majority of BTC and therefore control or can impact the price of BTC in either direction based on buy/sell...does anyone know what amount of BTC any of the ETF holders can hold of total amount? It seems that an ETF could own BTC, sell some of their holding to knock price by 10% and buy back quickly at lower price?

[@VT-ix5oh]

Lol, Larry said "Balls deep in the trade" family show Lawrence

[@jsmdify]

I would watch Larry read the phone book. He is an example for all the old guys like us who refuse to open their narrow minds up to BTC and the beauty of that code!

[@Permanentransitory]

Both of these Gentlemen are fabulous

[@dannyho6786]

fabulous ? think thats over doing it a bit, but they are doing a solid job

[@InvestingWithAdamK]

I’d be curious why your guest thinks equities are too high. A lot of quality companies have lowered estimates since the see a slowdown and based on those lower expectations have low P/E ratios. I think the reason the market is rallying is because so many companies have been out of favor for a very long time.

[@jy7654]

Government does not like competition - This is the biggest threat to BTC. IF it gets to be a big enough problem, governmentS (plural) will shut it down and cut off on/off-ramps to its use. Jamie Dimon suggested that the government do just this.

[@LeaHerrington]

Agreed. Although the time for them to have shut it down has passed. The US Government is one of the biggest holder of Bitcoin. BlackRock is basically the US Government. Jaime Dimon had also said he would fire anyone at JP Morgan that was buying Bitcoin, but then, turned around and purchased a bunch. He speaks of corruption with the crypto world, but the irony is that Jamie Dimon turned a blind eye to Jeffrey Epstein’s accounts being managed by JP Morgan. The govt. will definitely want to control it as you mentioned.

[@user-rc7gz4ok4e]

Somethings going to break? Something is already broken. If the Fed starts cutting aggressively, who'll buy the Treasuries'? It'll give the Chinese an opportunity to dump their treasuries that are currently underwater with the recent rate hikes. That leaves the Fed back with QE. When the Fed pivots what does the next day look like? Next year the Treasury needs to cover $8 trillion in old and new debt. With all that debt hitting the market, how do you keep rates down? Print Money?

[@barrywagoner5191]

Dyslexic be like "Too Didn't Long Read"

[@ppjt6018]

If Larry is correct with interest rates (going down) and gold to $3000+...most mining stocks should make new highs...including the penny stocks....

[@whdndrn]

If they dont print money what else can they realistically do? If they push for austerity wont they be voted out of office? Is it realistic to think democracy and capitalism can steer the world away from disaster via choosing pain?

[@myPhDinAwesomeness]

War reparations

[@bigbubba4314]

I think you nailed the issue in western economies. Politicians have shifted from “what is best for the country and its population in the long term”, to” what gets me elected next time”. Look at the US. Any effort to cut spending is met with “you are taking food from children” or “ you are cutting police and firemen”. The population has become dumb enough, and media has become savvy enough to ensure that short term views are the priority for most people. Look at college debt relief, welfare, free healthcare, etc.

[@whdndrn]

@bigbubba4314 Democracy and capitalism is a system doomed to fail eventually because its founded on short term and selfish results. Great for short term success but will fail miserably eventualy.

[@bigbubba4314]

@@whdndrn perhaps. But compared to the alternatives, it is the best humanity has come up with. Utopia is not of this world. It has brought more people out of poverty, and created more inventions that improve the lives of ordinary people than any system yet devised. In fact, even the Soviets and Chinese communists turned to capitalism in order to solve their food production and poverty problems.

[@WeekendsOutsideFL]

Highly intelligent conversation. And I am squarely in agreement with Lawrence, albeit I still think the crypto world is a bit unstable and it’s entirely possible one or more of these digital assets could overtake Bitcoin.

[@martinb4093]

I like this guest

[@orirosengarten2572]

Peter Schiff has been predicting that for the last 20 years...

[@wimvanaerde6249]

Exactly been hearing this forever now 🤣😄😄😄

[@peterlee4682]

Change your mind on Snowline Gold? It is going to be a great gold mine(s).

[@kirkworthley3221]

I just can't see why Lawrence thinks BTC is the future. I understand he likes the "theory" of it, but it's not practically going to work. The energy problem alone will disqualify it. Not to mention the regulatory problems in growing economies of the next century like China and India.

[@JoeBlow-nh7mp]

You're thinking in term of populace still following orders from collapsing governments. Do a bit of research to find out what the common folk are doing in Lebanon, Venezuelans, Turkey in order to survive high/hyperinflation. I can assure you most are not following the so called government laws and regulation. Gold and bitcoin are a bet against collapsing governments, plan and simple.

[@Notaslave1961]

Great Hair David!!

[@georgeafutujr.9369]

I believe that The Fed should hike Rates to 6% then "hold steady".

[@wimvanaerde6249]

Why

[@georgeafutujr.9369]

@wimvanaerde6249 As the final attempt to delay Hyperinflation.

[@rustyscrapper]

What hyperinflation? If they hold here and DONT print we will go into the greatest depression, 60% unemployment and stock market down 80%. 50% population mass die off. That isn't good enough? Hyperinflation only happens if they print. Print print print. So don't print. Interest rates are already excessively high.

[@dangersmymiddlename6341]

You are correct. The market has charged ahead anticipating rate cuts. The problem is if the Fed did that it would be because the economy is in trouble and if it’s in trouble how is that good for PE ratios? Don’t fight the Fed!

[@bruce5895]

Your guest is right on the money, Gold is considered a Tier One Asset and is stock piled by the central banks of the world, remember that all fiat currency goes to zero value over time including digital currency. Right now your currency is losing 8.8% of its value every year causing inflation to remain high along with interest rates and when cash is eliminated, silver will be the new cash to buy, trade and barter for what you want. So if your smart, you will have some of your wealth into hard assets like real estate, gold, silver or art with auction history, and if you keep it all in currency then ask yourself a question, do you think that when it comes time to collect your pension that it will be enough to support you when you retire, I will answer that question for you, that would be a NO as far as I am concerned. Example, the people in Venezuela don't use their currency because its worthless, they do use silver and gold, with 1oz. of silver you can feed a family of 5 for 3 months, 1oz of gold will buy you the whole house, that should tell you something. Gold and Silver are real money, all the rest is just credit on borrowed time.

[@patentexperts1675]

I like your theory and it makes sense, but how can you feed a "family of 5 for 3 months" with 1 ounce of silver that is only worth about $25.00 US Dollars?

[@bruce5895]

@@patentexperts1675 because when you convert US dollar value into Venezuela's currency you have a pile of money at your disposal. That was just one example of how silver is convertible to goods, another that I can give you is, in the barter world world if you have silver, or fractional gold, you can trade for what ever you want at the retail value of the metal is at the time of the transaction, and one last example, I went out to what you would call a open air market that sells food, fruits, bakery items, vegetables, meats etc and ask the question, would they take my 1oz. silver coins as payment for their products at the going retail price, they all said yes, I said, remember what you said to me when cash is banned because I may be calling on you in the future, which just goes to prove that silver and gold are real money, while all the rest is just credit on borrowed time. So protect your wealth, while the dollar value continues to go down and the metal prices continue to go up, if you bought gold in the year 2000, it went up 693% while the stock market did not go up half of that.

[@jbwentworthe6082]

So,what I am taking away is that - the FED HAS to adopt MMT to keep the Banking systems going ?

[@Naina_status]

Part of a very important coin been talked about in the BCL

[@lowlyman4christ998]

Peace homie Lawrence

[@tenplus1025]

What about the other factor of Bitcoin adoption…..government enforced restriction? Minor problem….but a problem nonetheless

[@gustavis85]

It’s a recession now. Now not next year. It’s been here for awhile guys. No reason to ask this question anymore.

[@lowlyman4christ998]

It will break Guaranteed Lowly man 4 Christ on KZbin and be blessed. Appreciate you homie David

[@CristinaVillegas-lo7jk]

If you make money from shares pull it out step by step and buy real estate and get rents

[@cheaplaughkennedy2318]

Debt Centillion, loss of purchasing power but stay long the Fed induced markets.