Stark Warning: Economic Meltdown Could Rival the Great Depression | Speak Up with Anthony Scaramucci

In this episode of Speak Up with Anthony Scaramucci, reformed hedge-fund manager James Lavish, joins Anthony to discuss the latest on crypto, investing and the economy. Lavish delivers a stark warning about an economic crisis that could surpass the Great Depression in severity.
James and Anthony dive into the implications of recent federal rate cuts, the looming threats of inflation, the state of the global economy and will touch on their market predictions within the crypto market. Learn exclusive wealth protection strategies and hear Lavish’s predictions that could safeguard your financial future.
TIMESTAMPS:
00:00 - Introduction
01:30 - The State of Global Economy
05:45 - Federal Reserve and Rate Cuts
12:15 - Inflation and Its Impact
19:00 - Crypto Market Predictions
25:40 - Wealth Protection Strategies
33:20 - Audience Q&A
40:00 - Key Takeaways and Closing Thoughts
#bitcoin #crypto #investing #inflation #thefed #interestrates #gold #rate #wealth
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At Wealthion, we show you how to protect and build your wealth by learning from the world’s top experts on finance and money. Each week we add new videos that provide you with access to the foremost specialists in investing, economics, the stock market, real estate and personal finance.
We offer exceptional interviews and explainer videos that dive deep into the trends driving today's markets, the economy, and your own net worth. We give you strategies for financial security, practical answers to questions like “how to grow my investments?”, and effective solutions for wealth building tailored to 'regular' investors just like you.
There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?
Let us help you prepare your portfolio just in case the future brings one or more of the following: inflation, deflation, a bull market, a bear market, a market correction, a stock market crash, a real estate bubble, a real estate crash, an economic boom, a recession, a depression, or another global financial crisis.
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IMPORTANT NOTE: The information, opinions, and insights expressed by our guests do not necessarily reflect the views of Wealthion. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.
While we value and appreciate the insights shared by our esteemed guests, they are to be viewed as personal opinions and not as official investment advice or recommendations from Wealthion. These opinions should not replace your own due diligence or the advice of a professional financial advisor.
We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.
The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust.

[@Wealthion]

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[@thunderbird3694]

"virtual gold" as opposed to "real gold"... at least tulips were "real"

[@Kunamatada]

Correct. Yet there is nothing real behind fiat currencies. Do you like the USD?

[@Drizzly_Bear]

@@Kunamatada Fiat bad. Therefore bitcoin is solution. That’s YOUR argument, and the argument that this shill put forth. Bravo.

[@jezbear1972]

Thank you for getting James on. Been following him for couple of years. Absolute TOP GUY. Always simplifies complex finance issues in a way plebs like me can understand. Highly recommend following him where you can find him. Mondays with Scott Melker is a great start. That Macro Mondays show is a MUST MUST watch

[@Wealthion]

We will invite him back again. Thanks for watching.

[@Drizzly_Bear]

Shill. Both of you.

[@thunderbird3694]

"real estate" is a "depreciating asset"... that is why mansions sell for $1 because it costs $millions just to maintain

[@alfixen]

What about the transaction cost since the halving? How can this be money when I have to pay more than 5% for a transaction?

[@davidmairs6233]

Not could it will and far beyond the great depression, people will starve and die.

[@erandeser5830]

How do hedge funds make money ? By creating instability. So listen to get set up.

[@thehungergames8918]

Buy physical silver 🥈 and gold 🥇 folks 😃

[@Drizzly_Bear]

But he told us the reasons that fiat is bad. That’s why bitcoin is the solution- because fiat is bad. Gosh. I just don’t understand why you can’t see the logic that all these shills have painstakingly laid out for you. Again: Fiat=bad so bitcoin=solution. If that doesn’t convince you then I guess you just don’t understand “the elegance”, the white paper, hash rate, satoshi, block chain, halving, defi, borderless, NFT and stuff. Really, guys. I’m sure this isn’t the first time you’ve heard this sound argument on “the soundest money ever created”. Sure, those keywords might be in a different order, but they’re the same Emperor’s New. Clothes keywords that we’ve been trying to gaslight you with for years. Yeah, we don’t know what they mean either, but if you don’t pretend to understand all this nonsense then you’re just a boomer who’s too stuck to understand the technology of this utopic digital beanie baby panacea. So have fun being poor.

[@thehungergames8918]

People are selling hard 🧙🏼‍♂️

[@Robyn-Hood]

Fantastic show 🎉🎉🎉🎉🎉🎉

[@mattison1906]

Great work Mucc! Great guest too.

[@seanm.9391]

You're assuming they haven't been working on the BRICS currency for years already. They're just waiting for the right timing.

[@Drizzly_Bear]

Wealthion is done. As soon as Adam was gone, the value and the integrity was gone.

[@filipweber9698]

Agreed. They'd manage to turn every, even most interesting topic into a shittalk about Bitcoin.

[@richardlamos1436]

Bitcoin will collapse should the whales decide to pull out in unison

[@rayk4192]

Anthony, you are bitcoin star!!!

[@NotAvailable_na]

One of the problems with moving money into Bitcoin or buying Bitcoin and selling Bitcoin is the cost of doing it. The cost is still very hefty to get Bitcoin and to sell Bitcoin. On top of that you're pounded with severe taxes by the US government for even owning Bitcoin.

[@bigmoose143]

They should name this channel “Doomsion”

[@wyguide1983]

Do better, Wealthion.

[@rosearning9974]

BOTTOM LINE: ITS OVER

[@NotAvailable_na]

Don't assume it's safe to put your money in gold or Bitcoin. What was done before can be done again by the United States. What was done before was it was made illegal to hold and even to buy gold, and all gold that people had was confiscated by the US government. This can again apply to gold or digital gold.

[@OM-nq9dd]

Bitcoin as digital gold? No, Bitcoin can be replaced by other cryptocurrencies, gold cannot be replaced by silver or copper.

[@NotAvailable_na]

I do not support creating a SECOND ISRAEL in Europe called UKRAINE. I disagree with the support and funding of this. We shouldn't be putting our people's lives at stake for this and we shouldn't be using our money for this. Let them fight their own battle. And we shouldn't be enforcing the creation of a second Israel in Europe. I know there are many people are totally clueless and or blind to that this is even occurring.

[@Bigredbulldog401]

It’s funny how all these guys continue to say how screwed we are and the markets gonna crash after seeing the fed come through and save the day all since the beginning of time 🤔

[@JackAtkins-xz5wi]

Nuclear energy will eventually come from a box that fits under your bed

[@caseyrindal1815]

You didn't answer his question. Bitcoin can still be a ponzi. Need to do better. Your listeners are smarter than that. We're used to being lied to about money. My opinion is you failed with your answer.

[@Kunamatada]

Why are fiat currencies not a Ponzi? Nothing behind them. What gives them value?

[@Wealthion]

Thank you for your feedback

[@Drizzly_Bear]

This is the comment I was looking for. His “argument” was that because our current system is bad, bitcoin is the solution. Ridiculous. “But my son at Cornell, therefore I smart.” Wrong.

[@italiang8470]

Total marketing video.

[@MrSean03839]

Always. Anytime you have gloom and doom videos always look for the sales pitch about halfway through, ie-what are they trying to sell you. Works for all things political too, which always equates to a politician selling themselves.

[@jgardness7407]

People don't know what Fiat means.. everyone's always talking about fiat currency but nobody gives a good definition of what that actually is.

[@Wealthion]

Fiat money is a type of currency that is not backed by a precious metal, such as gold or silver. It is typically designated by the issuing government to be legal tender, and is authorized by government regulation. Since the end of the Bretton Woods system in 1971, the major currencies in the world are fiat money.