My Brutally Honest Thoughts On The Great Melt Up

[@77magicbus]

This is why I like your channel Paul. You do both individual stocks, and the whole market valuation, debt crisis potential, et al.

[@EverythingMoney]

We like you too!

[@pancake1493]

This is why tit are the listed one on Jeffery's little kid island pleasure

[@matthewh7767]

Bro this guy sucks unsubscribe he’s a clown with a tiny wee wee

[@Steve_Takes]

House of cards....., question what does a collapse look like?

[@kyleolson9636]

I'm just glad Paul at least mentioned taxes, even if just barely. The answer to this problem is 90% fixing revenue and 10% fixing spending. The last time our budget was balanced (2000), the federal government's revenue was 19.2% of GDP. That is roughly 25% higher than today. And since our nation's population is older now, increasing healthcare and social security costs, taxes need to be even higher than they were in 2000. And before anyone says that is too much taxation, the US would need to increase taxes by almost 35% to even reach the average OECD country. Our taxes at that rate wouldn't even be high, just average for developed nations. I'm also glad Paul brought up that everyone's taxes need to go up. Taxes for the top 0.1% may need to go up 50-100%, but taxes for the bottom 80% still may need to go up a few thousand per year on average. Raising taxes like this immediately would probably destroy our economy in ways it might not recover from for a half century, but we need to start on a path to get there over perhaps a couple of decades. It took a couple of decades to get where we are after Bush Jr. set us down this path. But we all know that ain't happening, so regressive taxes through inflation are the new normal. Households in the top 20% of income will be a little poorer but mostly okay, the top 5% will thrive, and the top 0.1% will make out like bandits. Everyone else will suffer hard.

[@alinjaleru3083]

Brian is one of the true KZbinrs that expose the economic reality as it is to the simple people .....

[@i486DX66]

Him and Peter Schiff

[@JamesBond-cr8gu]

​@@i486DX66 ooooo almost had it lol

[@HH-le1vi]

​@@i486DX66Schiff has been saying the same thing for decades. He's trying to be the broken clock that's right twice a day.

[@matthewh7767]

He’s a clown

[@EverythingMoney]

Thats great that you also like that Channel .AP

[@Alm-DevOps]

I love clear value channel. He is good.

[@EverythingMoney]

Much appreciated .AP

[@scoot333]

certainly one of the best.

[@userofsharingan]

@@scoot333since the start of this channel and even long before it everything money has consistently and predictably far underperformed passive index investing. And everyone who listens have also underperformed.

[@atetraxx]

Nah he's a total fraud

[@thereare4lights17]

@@atetraxx Give one example?

[@joethomas-official]

13:37 From watching Brian's video a few days ago on this, I don't think he was saying a recession would be a bad thing for the country; rather that it would be a bad thing for the government. And, therefore, since the U.S. government has to choose between Option 1: a recession (deflation) and Option 2: a melt-up (inflation), they will not choose recession. Due to the U.S. government's high debt and crippling interest payments, they can't afford a recession (Option 1), because that would mean less tax income to pay for the still high debt. They will instead force a melt-up/inflation (Option 2), which will increase their tax income, making their debt payments relatively lower. Along with encouraging inflation, they will cut interest rates to close to 0% again, then refinance their debts at lower rates. All this, so that they can keep spending. But, it's just buying time...pushing the pain for the American people down the road. Ultimately, it will backfire, and Option 1 will be the only option, but instead of a recession, it will be a deep depression. Prepare!

[@joethomas-official]

Oh, and please collab with Brian on this. Look forward to hearing more about your solution!

[@Dan-lu8qu]

20:36 Brian is the best, you can learn a lot from his videos if you pay attention like you did.

[@jsedge2473]

The US is highly volatile and the govt knows it. A recession means potentially an overthrowing of the govt or a complete fracture. It’ll happen eventually but they’ll do anything to push it back.

[@FLAC2023]

Agree with you. They will raise taxes as well. During the MAGA years of the 50-60s taxes were much higher for the wealthy and they still had it good. In fact quality of life was much better not only for the rich but for the working class as well.

[@FLAC2023]

If the rich try to leave, they will be taxed to death...

[@StephanieCosty-r3c]

I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement, I'm 55.

[@MyersRadfordKeith]

the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

[@Jadechurch-ql3do]

True. Having the right financial planner is invaluable. My portfolio is well-matched for every season of the market and recently hit 90% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, though this could take till Q3 2024.

[@Tonyham198]

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

[@Jadechurch-ql3do]

Credits goes to "Mary Elizabeth Fugelsang" one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

[@L.M-n1d]

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

[@LunaMirage]

I want to eliminate stock buy backs, I want antitrust to be enforced, I want congress and the president to not be allowed to own stock. Also need some sort of plan that enables people who don't have homes to have like 30-60 days to be able to buy a home before a corporate entity has the option to buy it..... >.>

[@Redditor6079]

Agreed. Corporations and representatives of Corporations should not be allowed to purchase their own shares after they go public. That should be the price of going public.

[@mayor-o1w]

I appreciate that you suggested Sarah Jennine Davis in one of your videos. She was contacted, and working with her on investments has been fantastic.

[@anilhettiarachci8467]

Wow, congratulations on your impressive :nvestment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making :nvestment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of :nvesting? Thanks for sharing your story!

[@สมรักษ์อินทร์ตา-ม7ฑ]

Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my portfolio and plan my retirement

[@mayor-o1w]

@@สมรักษ์อินทร์ตา-ม7ฑ Sarah Jennine Davis is highly recommended You most likely should get her basic info when you search her on your browser.

[@FreyaFreya3]

​@@mayor-o1wHow do I access her ? I really need this

[@mayor-o1w]

+156

[@stotle1109]

The US didn’t get out of the Great Depression because of any government policy, it was due to WW2.

[@vladimirofsvalbard9477]

Yep! Demand due to American manufacturing and ingenuity. Too bad we don't have either these days lol

[@makingmoneywithmj7752]

Right...because WW2 didn't involve any policy 😂

[@thesuccessfulmind7180]

​@@vladimirofsvalbard9477we will be back to onshore manufacturing when DJT wins next month. Sanity spending will return

[@vladimirofsvalbard9477]

@@makingmoneywithmj7752 ?

[@vladimirofsvalbard9477]

@@thesuccessfulmind7180 I highly doubt it; regardless who wins. It didn't happen the first time and I don't think it will happen again. Too much debt and too much gate-keeping that maintains high prices. The US can't compete whatsoever. You'd have to put up tariffs of like 125% before companies even think about coming back. AND, consumers in other countries would also have to be willing to pay those prices. Americans are simply too expensive to hire on a global level. Until prices deflate; nothing will happen.

[@spoonkiller_actual]

....we came out of the great depression stronger because the competition's industrial base was literally destroyed during WW2 and the US was the only game in town for quite some time after the war ended.

[@hannagarcia2614]

I hit $113k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.

[@elizabethella2249]

I would really love to know how much work you did put in to get to this stage.

[@hannagarcia2614]

It’s essential for you to have a mentor to keep you accountable. Myself, I'm guided by Daniel Adams Bailey. for years and highly recommend him I focus on him. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

[@lisamiller8566]

Wow! wow! please is there any way to reach he services?

[@hannagarcia2614]

Yes, I have his face book name⬇️

[@hannagarcia2614]

Daniel Adams Bailey

[@wonders7566]

Brian actually doing a great job so far. I really like and follow him. He does a great research before speaking out.

[@EverythingMoney]

Thanks for sharing .AP

[@Jciprian]

@@EverythingMoneyyou suck

[@Jciprian]

@@EverythingMoneyyou suck

[@Blox_Dad]

I don’t think many people are even aware of this issue! I’m so glad people like you are bringing more attention to it!

[@EverythingMoney]

Great stuff - GC

[@rcarloz]

You got that right. Politicians are the problem, both DEM/REP. The sad part is that people are fighting each other over parties and candidates when in reality these parties and candidates are not going to fix anything. We need reform not candidates or parties!!!!!

[@diemes5463]

🎯

[@misterkid]

Reform comes from the candidates and parties, though, so you're contradicting yourself. Revolution is the thing that doesn't require politics.

[@micker9830]

Fighting each other over a something that probably won't affect their lives at all. How is Trump or Harris going to change most peoples lives?? Nothing is going to change, maybe a little bit less tax if we are lucky. People act like it's this huge deal.

[@AlinaNitche]

Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?

[@Ragtosina]

I'd avoid the index funds, mutual funds, or specific stocks for the time being. The 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows sign of recovery.

[@jonathanxxxx876]

congrats! very encouraging for newbies like myself, mind sharing advisor info please? in dire need of proper asset allocation.

[@micker9830]

@@Ragtosina Signs of recovery for the market?? It's been going up like a rocket. Maybe you meant wait for it to go down??

[@125nomore]

Put it all on bit coin. It's inevitable that it will sky rocket with limited bitcoins and endless money printing

[@gregmichaelson2399]

Brian knows there is a serious problem. He is one of the few honest financial KZbinr not pushing gold gold gold - because they are sponsored by gold firms and that's were they have invested their money - gold has gone up and "see we got it right." You should have trusted us. No they were pushing gold because that's were they had invested - self interest.

[@Lexlugr]

I've been trying to understand their angle on this, it feels like a pump and dump scheme. The only real currency will be actual goods and services, because it's inherently what we'll left with when things truly go to shit.

[@GeorgeSchneider8889]

CEO to worker compensation ratio 🇺🇸: 1965 : 20.4 1975 : 26.6 1985 : 50.5 1995 : 118.8 2005 : 318.4 2015 : 318.8 2021 : 389

[@GeorgeSchneider8889]

S&P 500 Stock Buybacks Year In billions Yearly change 2010 $319 16% 2011 $467 46% 2012 $413 -12% 2013 $496 20% 2014 $565 14% 2015 $592 5% 2016 $553 -7% 2017 $540 -2% 2018 $840 55% 2019 $749 -11% 2020 $538 -28% 2021 $919 71% 2022 $950 3% 2023 $815 -14% 2024e $924 13% 2025e $1,075 16%

[@EverythingMoney]

Much appreciated .AP

[@diemes5463]

This doesn't really tell us anything other than that companies grow over time.

[@GeorgeSchneider8889]

@ 😂😭🤣🤡 Unbelievable 🤦‍♂️🤷‍♂️

[@ponzo1967]

​@@diemes5463 🤡

[@HavanaPirici]

We don’t need a recession, we need make homeless people working again, get ride of drugs, stop supporting 2 wars, reduce government by half and have smart politicians working for all people not just for one party or just them selves. That is my opinion. I love Brian’s channel, very smart guy. He tells at it is!

[@cynthiadeg9206]

Yes and vote Republican, not for someone endorsed by Cheney so we can have WW 3

[@Mariana-du3vv]

It’s more than 2 wars, a lot of homeless people already work, the drug problem is created by the money class when they are the suppliers ( this country was started with opium money, so were major banks like HSBC) we don’t have limited term limits, so just having smart people is not going to solve things. Corporations write legislation so that the selected paid for individuals that represent the money class steal our money, doesn’t matter what the political party. The whole system is corrupt and out of control. The solutions that are set in front of us most of the time are Hegelian in origin. The money class creates a problem and then sell you the solution. We can’t keep playing the same rigged game and expect to win. People are afraid to say we need something completely different and it starts with not doing the same old same old and trusting the same old people that have created the power structures we are in and have been in power for millennia. If your government or your money aren’t working FOR YOU, why trust either? The money class will still have money and the people in power will still have their power, all this is for all us poor folks to get robbed some more during another created crisis.

[@Shaloha808]

Well said.

[@bradford2249]

We have to control the border and stop the drugs to accomplish that

[@EverythingMoney]

Couldn't agree more .AP

[@Nvigil89]

What a great video. Very rarely do I watch a video on KZbin from start to finish. Thanks Paul Great start to my morning. Learning!

[@EverythingMoney]

Appreciate that - GC

[@BobboNaught-YT]

Saying that Argentina is doing better now is so wild to me. It’s not about governments being bigger or smaller. It’s about governments being corrupt or not. A small government can still be corrupt and steal the nation’s money.

[@kyle7574]

They are doing what’s needs to be done for the long term

[@Tie509]

100% Look how small some governments are in Africa. Many have rich resources, but an impoverished population.

[@ColbyBarradas]

One of the greatest everything money videos ever.

[@EverythingMoney]

Thank you - GC

[@nopenope6012]

I love both everything money and ClearValue tax. great channels!

[@EverythingMoney]

Thanks for the support. AP

[@TheRealSlobo]

i've never seen Brian make wrong prediction..HE is always spot on

[@teacherrussell5206]

I've seen Brian several times. I find him to be a bit grouchy, and for all the right reasons. I enjoy his videos very much. Reminds me of an old friend of mine😄 I'm really glad you appreciate him.

[@alvarny77]

It is hard to be happy watching a train wreck waiting to happen.

[@EverythingMoney]

Thats great to hear .AP

[@McRuffin]

The crazy part to me is how little we’re spending on education relative to other categories. Yet the cost of college is up 400% since the 80’s. AND incomes are going down adjusted for inflation. Make it make sense! What a load of 💩

[@NYG5]

Colleges spend all their time preaching about oppression this and racism that yet quietly hand over the tuition bill 2047294726% times the inflation rate since the 80s. Nobody talks about how colleges don't have a gun pointed at them when they charge this much, very telling.

[@familyglover2997]

I would imagine the rich spend a fair bit on education. Unfortunately the price of entry into the professional classes is very high. Having low wage workers can be a benefit to the wealthy.

[@stephenhaas376]

The debt is not sustainable, we will have to default on it eventually My dad said half a century ago with Nixon took us off the gold standard that they would crash the dollar between 2020 and 2025 I would say closer to 2030

[@ponzo1967]

They won't default because we will pay it down by the hidden tax called inflation.

[@josezavala5799]

Everything money and clear value tax have changed my life on investing and continue to educate me thank you 🙏

[@EverythingMoney]

Thank you for your support .AP

[@ColbyBarradas]

Brain from ClearTax is awesome. A collection would be awesome

[@AVMAV1]

You mean collab?

[@EverythingMoney]

Maybe !! AP

[@NYG5]

The great depression didnt make us stronger, it was every industrialized competitor nation being utterly devastated or completely destroyed in WW2 that left us that massive advantage. Tons of GIs with savings, relatively low casualties, entire economy jumpstarted with a global market and no competition. It aint coming back that easy.

[@gabri41200]

You're completely right. America won't survive a new 1929

[@danielb7253]

he is keeping the information simple as possible for his subscribers. hence him not being precise on the inflation chart.

[@nech060404]

The government isn't a household, they can definitely overspend, and print more money to cover it. The downside is it will cause inflation.

[@nathanhumphries5250]

I really like Brian with Clearvalue Tax.

[@anthonymorrison5035]

The big problem with that theory of comparing our current situation to the Great depression is our debts today are out of control..

[@daxmarsman5189]

Analysis made in Europe after 2008 and predicted in 1971 when the dollar was completely decoupled from gold.** NOT TRUE ABOUT NL In the Netherlands, we don't pay taxes on the wealth itself but on the returns from our wealth, at a rate of 32%. For example, €500,000 yields 7%, which is €35,000. After the 32% tax, you retain €23,800, meaning you paid €11,200 in wealth yield tax. The number of people who left the Netherlands to avoid this tax is marginal! Europeans understand that when the return on capital (e.g., 7%) becomes greater than the annual wage adjustment (e.g., 4%), inequality grows. The more it grows, the more it leads to conflict. Historically, it has always resulted in war or significant revolts.

[@shirolee]

A collaboration with Brian would be so awesome!

[@loudimes5502]

If you think things are “getting better” in Argentina, you must not be looking at what’s happened with their economy recently

[@augustus331]

I live in the Netherlands and I don't think what Paul says is true. I am pretty up to date with taxes here, does he have the link to the story?

[@ElverGalarga88]

Clear value tax is the only channel I trust

[@EverythingMoney]

ha no offense taken! - PG

[@CarlitoswayDR]

NOW I like you more, making this video reacting to Brian’s put you in my list of objective KZbinr. I’ve watched Brian since the pandemic and every video is a Gem. The way out is yes inflation, growth, more companies in US paying taxes and yes tax increases

[@DistractedDaisy]

Recession or melt up doesn’t matter unless you stop all the corporate welfare, buy backs, monopolies, government stock purchases and lobbyists from huge corporations getting pay for play access from all the branches of government from scotus, potus,senate and houses!

[@keeganryan7481]

100% agree with Brian's analysis. I also 100% agree with you: as much as it hurts to say, we need to go through a recession. Shittiest thing though would be the fact that poorer people would get hit the hardest, even though they never really benefited from our stupid inflationary policies in the first place.

[@LeviRobinson270]

Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..

[@Gzvshzf]

Assets that can make one successful in life

[@Gzvshzf]

I. Forex 2.Stocks 3.Shares

[@Gzvshzf]

forex is profitable and lucrative investment online

[@LottaKoskinen240]

You are right

[@LottaKoskinen240]

But I don't know why people remain poor due to ignorance

[@cars_and_toys]

Ever since I started watching your channel I started making money and I have rental property and next year we are buying second property. Think positive and always believe in yourself! ✌️

[@nadruik9890]

I’ve been upset this whole election that no candidate has been pinned a single time on their deficit spending and plans to continue it. Taxes are definitely going to go up and be added, I’ve said I expect my Roth to be taxed some how by the time I retire. One very simple tax they could add that has potential to either create massive revenue or drive business expansion is a simple increase to 40% tax on corporate buy backs. Would generate $400B this year or the companies would save the money and instead invest into building the business creating jobs. Will never happen they’d rather create an unrealized gain tax that wealthy can use their write offs on and the middle class eventually gets crushed by since they will have no write offs left.

[@diemes5463]

Both will run up the deficit, people put too much faith in these politicians

[@frankmarano9148]

Love your channel! Just to remind everyone, the main purposes of the federal government is to protect our citizens. So National Defense is vital. Also, the Department of Defense is only 13.3% of the Federal budget, All the money spent overseas on places like Ukraine are not part of the DOD budget.

[@spejr879]

I agree with everything, except: you want a recession. Easy to say, when you have all the necessary resources to survive a recession. But guess what, most people don’t.

[@jorgesalazar818]

Just like Thanos. Millions die so that billions can live. Just worry about you being ready.

[@Ningboren]

A significant amount of military funding is being utilized for veterans and their families. A significant number of individuals are receiving disability benefits from the military. Just this morning, my colleague bragged about his monthly $2800 payment for disability, which is tax-free. However, he does not appear to have any disability at all. This has been abused widely.

[@alvarny77]

At the same time a lot of veterans aren't getting the help they need. And compared to the amount spent on war, it's unlikely to be that significant.

[@jacobrivera4097]

So snap programs, section 8 and so many people who cheats the system to get government benefits. This isnt only veterans.

[@turbobros_online1561]

Subscription earned! Looking forward to learning more about how to maximize my savings growth.

[@JonesMichael-ps4ck]

Recessions don't equal losses for everyone; some investors profit. I aim to be one of them! I've saved $150k to invest, but I'm new to the game. Time to learn and adapt with the right mindset.

[@richolman6800]

the market has gone berserk! whether you're a newbie or a veteran trader, everyone needs a sort of Investment coach at some point to thrive forward.

[@ChristianJacquet-my3rl]

Well agreed, that's the more reason I prefer my day to day market decisions being guided by a investment-coach, seeing that their entire skillset is built around going long and short term, at the same time laying off risk as a hedge against inevitable downturns, coupled with the exclusive information & analysis they get, it's near impossible to not out-perform.

[@johnketh-n9v]

Who's your investment coach? I'm curious about coaching that involves hands-on guidance from a licensed advisor in your personal trading account, rather than just sending funds elsewhere.

[@ChristianJacquet-my3rl]

I work with Gen Howard Chester and is NY-based. My trading account is set up to mirror his. The process is transparent and automated, so I don't need to be actively involved during trades. Just search the name & check if he meets your requirements, You’d find necessary details to work with to set up an appointment.

[@ChristianJacquet-my3rl]

I work with Glen Howard Chester and is NY-based. My trading account is set up to mirror his. The process is transparent and automated, so I don't need to be actively involved during trades. Just search the name & check if he meets your requirements, You’d find necessary details to work with to set up an appointment.

[@allfinance-m3]

This is exactly why I keep coming back to your channel, Paul! You don’t just focus on individual stocks but dive deep into the big picture-covering market valuations, debt crisis risks, and all the factors shaping the economy. It’s the perfect mix of detailed analysis and broader financial insights. Keep it up!

[@slemsman2002]

It's fine saying we came out of the Great Depression stronger, but it ignores why we came out of the Great Depression? In a decade, Hoover and then Roosevelt nearly quadrupled Government spending as a % of GDP. They invested in infrastructure such as roads and large public works but also in paying out more benefits to war veterans and poverty relief including social security to farmers and migrant workers. They also put limitations on Wall Street and Banking and raised taxes. Then WW2 placed America at the centre of the world economy for the next 80 years. It's fairer to say that the Great Depression was simply the start of where we are today in America and who in America now is making the argument that we need more public spending, more taxation, more regulation, and perhaps even more immigration either pre or post "Great Melt Up/New Great Depression"?

[@TheBooban]

"who in America now is making the argument that we need more public spending, more taxation, more regulation, and perhaps even more immigration either pre or post "Great Melt Up/New Great Depression"?" - Who do you mean and what's your point about it?

[@EverythingMoney]

Tx for the note - GC

[@johnp7739]

Overall taxation was less. There were myriad loopholes and deductions not available now and no one paid those super high rates you hear about. We're now taxed in MANY more ways, too: state, city, gas, alcohol, tobacco, firearms and myriad others. You just regurgitated the take from some lamestream economist or magazine article, but it's bunk.

[@thetapheonix]

How does more immigration help when most of the immigrants are on the dole?

[@samvue9219]

Everything you said i for one 💯 agreed with you and clear value 👌 let kick government behind......I'm so pissed 😤 😑

[@Howesitgoing]

Patrick bet David also has A great breakdown on this but coins it as a “reverse market crash” where stock prices remain overinflated

[@EverythingMoney]

Good stuff - GC

[@parkerbohnn]

I'm nealry 100 percent in deep out of the money puts just waiting to get very wealthy.

[@nathan15678]

wtf, is this guys point? “This NOT incorrect”???? 🤔🤦🏽‍♂️🤷🏽‍♂️ u mean, he’s right????? U can just say, ya, he’s right. And u don’t watch any channels…. But u make a video about video on a channel. 😂😂😂 and u don’t say ANYTHING. Ur just talking, in non specifics

[@khiesuseno2909]

instead of coming up with his own content this EM guy just nit picking other YTbrr on little details that doesn’t change the conclusion. this is so egoistically lame. instead of just nit picking other YTbers make content on own ideas.

[@SantaBarbaraAlberto]

Great video. Brian os one of the good people in YT and I agree with him on the melt up. Something has to give and that something is us.

[@NC-lu6qx]

Be honest. Spending is half of the problem. The other half is allowing the ULTRA WEALTHY to mind phuck you into believing that TRICKle down economics works and we should continue to give them the majority of the tax breaks. Research supports that our greatest prosperity period for the middle class was when the highest tax rate was taxed at a higher amount. The rich DOESN'T trickle down and spend. They hoard and invest.

[@GregRodgers-eq4yg]

Trickle Down does work, but you have to SAVE and invest too. And you don't have to be on Wall Street.

[@diemes5463]

The wealthy have always paid the majority of tax, there is no escaping the IRS' freak-off.

[@Adam-ro9sk]

Spending is 100% of the problem.

[@NC-lu6qx]

@@GregRodgers-eq4yg You just literally proved my point. For trickle down economics to work, the rich would have to spend the money that they saved in taxes to flow back into the money system. You and I know that they don't do that. They invest it in other assets that keep their pockets fat.

[@blipblap614]

@@NC-lu6qx Do you think the function of government is to rob from the rich, and give to the poor? Because in Robin Hood, the rich bad guy is the tax collector, and the poor are taxpayers.

[@BozzleyOfficial]

Great video. I understand your assumption that we need to reach Rockbottom before we make a change is based off of the observation that, that usually happens with us as human beings, but surely you know it doesn’t have to. So it comes off as weird when you say that’s what you want. I know what you mean, you mean you want that because people won’t change unless that happens. It might help to be more accurate and clear saying what you really want is for us to make the tough decisions before it gets so tough that way more people suffer so unnecessarily now because we were blind. It’s like telling a manic depressive person that you want them to be manically depressed so after, they can only feel better. But if that person was given the tools and the education to make the right decisions before they become manically depressed, then that would be even better because when you play with fire and rock bottom, sometimes you just end up dead and burned downed to the ground. And obviously, we don’t want that for America.

[@johncarr4107]

I know that most people don't want to hear this, but the wealthy don't pay their fair share (including me) & one party wants to encourage this e.g., eliminate the IRS . If you look at the history of US debt, the debt coincides directly with tax policy. Tax policy is the answer as we, the us citizens, will not allow cuts to services that we have relied on and have been promised. I have read as many books on economics as I could get my hands on over the past ten years from a vast slice of "experts" from all political sides to include economists, hedge fund managers, gold & silver hucksters, etc. and they all mention the economic disparity between those that have and those that don't and how that has grown over the past 25+ years. Tax policy is the answer to both

[@EverythingMoney]

that's 100000% incorrect - PG

[@andymartinez8633]

Do you recommend any specific books to understand the economy as a whole and the majority of components in it that tie into the fluctuation of GDP, the stock market, etc

[@roobear5357]

fortunately, the government accepts donations, so you can pay any back taxes you feel you should’ve been assessed.

[@thetapheonix]

I’ve never heard of an economy being taxed into prosperity.

[@ltdjag7577]

It’s clear that “income” taxes, think W-2 income, isn’t working. Wealth tax is needed

[@chrissilkwood5439]

Thanks, I subscribe to Brian, he's a no BS guy and clearly knows what he's talking about.

[@jesuswasasocialist4349]

This was the same guy that said the US would run out of diesel fuel 2 years ago. How well did that age ?

[@Deltron6060]

Can't be right all the time, he brings solid news daily.

[@jesuswasasocialist4349]

@@Deltron6060 there are a number of broken clocks out there trying to be the one who "called it first"

[@DragonTheButcher]

@@jesuswasasocialist4349he isn’t trying to be first Brian is calling it how it is. Dislike Brian and/or any of these KZbinrs all you want at least they aren’t gas lighting us into believing everything is fine and if things are bad it’s our fault like main stream news and the government

[@bobbobertson6249]

He's clueless Guessing

[@whereisthemessiah]

He said could not would and based on the data at the time. Things change.

[@julesscalisi7449]

We didn’t come out of the Great Depression better because we learned something about doing business. After the war we were the only industrialized nation that could run, and we could dictate to Japan and Germany that they were going to buy steel and goods from us.

[@EverythingMoney]

Theres always a business .AP

[@Mauricio-pp9ic]

Wait, so Trump is not the savior to all humans? I thought he was going to save us if we purchased one of his bibles.. I was so convinced he was our lord and savior than I went ahead and also bought his golden watch and his presidential pen to prove my loyalty.. Am I screwed you guys?

[@MC-bm3cy]

Yes…because you didn’t get the sneakers…😂

[@joachimart]

I live in Norway and the exact same thing you are said about the Netherlands is happening in Norway as well - wealth tax. Rich company owners leave in droves every year and take the companies with them. Our currency therefor is dropping like a rock in value and GDP growth is stagnant. And yet, those running the show seem not to understand - despite looking back in history I don't know any other country that has successfully had a high wealth tax and grown from it.

[@Quincy_Morris]

Vote Trump. He at least wants Elon Musk to audit government spending to find waste.

[@bobthegamer1880]

Nonsense

[@laturista1000]

Under Trump's administration the spending and military industrial complex grew in wasteful spending too! The deficit spending increased under Trump more so than the Bush W admin and Obama Admin. Politicians do not solve problems they just kick the DEBT can down the road for future generations to figure out. BUY GOLD, GUNS, AMMO and assets that give you passive income. We can only control our own destiny.

[@nicholasgovernale9146]

In principle I don’t agree with a government agency being created just to cut another government agency. But I do believe Elon is great and if they do give him the job I think he would be great

[@MysticUB]

This will be the end. Elon is terrible. He is posting misinformation and violating voting laws daily.

[@makingmoneywithmj7752]

What's stopping Musk from eliminating good programs that keep him in check?

[@bill6656]

Over the last 70 years the Debt is actually equal to the taxes not collected. We went into the great depression for the same reason Hover did not regulate the rich. It's a bribed government problem.

[@AK-hi4hm]

bro we're already in a recession

[@EverythingMoney]

Good stuff - GC

[@FieldGeneralCTC]

Obviously you don’t follow definitions and go by your feelings.

[@makingmoneywithmj7752]

Based on what metric?

[@AK-hi4hm]

@@makingmoneywithmj7752i'm in the taxi business in nyc, people are not traveling or going out to restaurants/ spending money to the same degree they used to.

[@timdeveaux5161]

That's why so many people are investing in Gold And silver

[@stantheman9112]

Elon will fix us... Vote ❤🇺🇸TRUMP🇺🇸❤️

[@bp8220]

Or he just doesn't want an unrealized gains tax on billionaires, and everything just keeps getting more expensive as more businesses become monopolies.

[@pjlee8046]

Love it!

[@EverythingMoney]

Tx for the note - GC

[@brutebiz82]

@@bp8220 Good luck with that illusion that the "unrealized gain tax" will be limited to billionaires. It will start with that premise to make it easier to pass, then it will devolve into infecting everyone holding any documented assets.

[@NASCARorbascarpeople]

@@bp8220Well if you look here… from 2022 the debt has been growing at a faster rate than it was previously. Idc what he did then, or what he’ll do now… it’ll be better than what’s happening currently. And you’re lying to yourself if you say differently. Stop letting problems you have with him as a person get in the way of policy. His and the republican party’s policy is SO much better currently.

[@chris-st6sm]

i like it when you find good videos and you share them with us and discuss them. It's so much better than pointing out the guys who are full of B.S and why they are wrong. like my music teacher used to tell me, dont practice playing poorly.

[@LuisRodriguez-ib9fu]

Big government is the problem. Thank you!

[@furncemanjim]

You always hear many people complaining about this, you never hear any solutions though.

[@gvue4396]

Brian is all facts, no BS

[@b2zap665]

Uncle Paul is an absolute G. Love the content as always.

[@HonestoldGuyMike]

Love the way you explain things Paul thank you

[@ghostring3624]

One of the things that we need to face is that the biggest source of unfunded liabilities are social security and Medicare. We have to face the harsh truth that we need to deal with this in order to mitigate the issues of debt. Problem is that the boomers won’t let us deal with this.

[@rayferngren9557]

Of all the great info you share, this clip is the very best.

[@jan_sobieski444]

Thanks for such a good video. No selling gold, financial advice, or hope.

[@g.ajemian4968]

Paul, I’m sure a large segment of your audience is retirees are near retirees. You should throw in an opinion on how things like this affect retirees or near retirees because it is a different perspective than the person in the accumulation phase. Thanks.

[@EverythingMoney]

Great suggestion - GC

[@cvzphotography]

Lol. We came out of the great depression with huge government spending like the New Deal as well as two world wars where we were the only major nation that wasn't cleaning up rubble and rebuilding.

[@thereare4lights17]

What happened following the great depression, huge social investment, government expansion, and regulation, oversight ext. Restore regulations that worked, like enforcing anti-trust, no more stock manipulation buy backs, enhance better corporate governance with boards elected by employees. More democracy not less.

[@plantmanstudios]

I'm not worried at all. As long as I have food, water and shelter I'll survive. And if there is no way for me to survive, I won't. I still won't worry. No point in crying over spilled milk.

[@BeautifulSunshine-vl3fd]

He is one of my favorites in youtube ❤️

[@keithholcomb8808]

Simply fantastic.Thank you for doing it. Some things are true and everybody can not be right.

[@RangodoRafa]

Dude, Argentina has 50% of the population under poverty line because of current polutics

[@rayray893]

Do more videos like this Paul!

[@heinzyketchupy4175]

BRIAN is legit and he’s about facts

[@jamesgouveia9843]

Great point on inflation reducing the real amount of government debt. I don’t think that solves the problem but I could see it buying some more time. It ends the same way, all the government can do is speed it up or slow it down on our way to ruin.

[@EverythingMoney]

Reduced spending will fix it in the long term .AP

[@Creoles.nature]

Brian is AMAZING ❤

[@jimlogagianes7277]

I enjoyed your insight and common sense approach. Sadly all governments are running deficits. Could it be that financing a bloated bureaucracy is similar to investing in a Ponzi Scheme? Thanks.

[@EverythingMoney]

Thats how they all are .AP

[@MayaUndefined]

7:29 the difference between a personal household debt and a national debt is huge and very different. all of the US debt is owed in US Dollars and there's only one source for us dollars, the US government. so I would agree the excessive borrowing is a problem but it's for fundamentally different reasons

[@goldentaurusfinance9840]

Consumer discretionary is going to run after 75 or 100 basis point drop typically consumer discretionary goes up around 34ish percent

[@noahmichael3417]

Paul. Excellent video - we need more content like this. Been with you since "the spreadsheet." The government's mismanagement of monetary and fiscal policy has put our country on a runaway train and the track is running out - options to correct are decreasing and there's no political appetite for them. I thought the whole video was on point. Our awareness of this macroeconomic situation is vital, not for timing the market, but rather to understand where to search for true long term value opportunities. Do the collaboration with Brian - great idea and mutually beneficial for both channels.

[@BobbyKDesigns]

Great video! Always clear and well spoken.

[@EverythingMoney]

Appreciate that - GC

[@MelMcLeod-k8v]

The reason the US military is involved in other countries is to ensure our allies defend peace and freedom. If Russia and China overtake other countries, it puts the US at risk. So we will always be in other countries helping and defending freedom.

[@TheMrSlyxx]

This was a great presentation by the way, and I would recommend it to anyone I know.

[@CyanTeamProductions]

About the Great Depression, we got out of that because of a world war and insane government spending, this new crisis can’t do that as a solution. Basically we need intense austerity which might cause collapse, or we collapse with hyperinflation

[@NathanielRunels]

Question# what smart board are you using? Love the content ❤

[@SeanEustace-zk3mc]

Easy problem to solve. “Debt Jubilee”! You spent it we are not going to pay it! Bad credit means no future deficit spending. That means taxes go up. That mean small government policies.

[@adt422]

Thank you, Paul. Very helpful and informative. I agree that recession is needed. It's akin to a forest fire cleaning out the overgrown vegetation.

[@caseycherwin624]

Serious hypothetical question for Paul or anyone else smart in the comments.. Is it possible for the United States to just pick and choose what debts they owe? I know that we owe money to China, what if the US just tells them no? I guess what I'm getting at is it possible that the US could just war its way out of debt. Like if you owed money to the mob and decided I'll just wipe them out instead. My second question ties to the first one... If we owe all this money to different places, what happened to all the debt that was owed to the US via WW2, Allied nations and Germany/Japan to the US?