The developed world is on the brink of a financial, economic, social and political crisis

Donald Amstad from Aberdeen Standard Investments delivers a sobering assessment on the state of developed market economies.
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Developed economies are at a crisis point, the powers of unconventional monetary policy are exhausted, and markets are just beginning to wake up to this. That’s the sobering assessment on the current state of the global economy delivered by Donald Amstad from Aberdeen Standard Investments
His view is that when developed markets finally crack, there will be serious implications for every asset class and economy. However, those economies where monetary policy remains relatively ‘normal’ will be those best placed to respond. In his view, the emerging markets have more levers to pull when compared to developed markets, where the money printing taps have been turned on and interest rate settings are near zero.
The irony is that during the Asian crisis it was the IMF and central bankers from developed markets that convinced the emerging market governments not to print money and ‘take their medicine.’ Amstad says that this was a cathartic process for these economies, and they are now looking on in bewilderment as the West has resorts to money printing of an unprecedented scale.
“In the emerging world, economic and monetary policy is broadly orthodox. It is the West that is running unorthodox economic and monetary policy and it is the West, ironically, that is now on the cliff edge.”
Implications for investors
Amstad says that unconventional monetary policy has been pushed to the limit and that negative yielding bonds are playing havoc with pension funds and with the profitability of banks and other financial institutions. He highlights that while the United States is awash with debt, it is the $125 trillion of unfunded government liabilities that is most concerning.
Furthermore, he says that investors are faced with a scenario where the key defensive or ‘risk-free’ asset in their portfolios appears to be in a bubble. Historically, it has been riskier asset classes that have been the source of financial malaise. For example, it was credit markets in 2007, tech stocks in 2000 and equities in 1987. However, during these periods' bonds have acted as a buffer for balanced portfolios, Amstad questions if this will be the case today.
“What we have never had to cope with before is if there is a bubble in the risk-free asset class. What happens when that goes pop. What is the new risk free?”
Social implications
Central banks have been playing a game of ‘whack-a-mole', using monetary policy tools to quash any flare up in volatility. Under this regime it has been the wealthiest 0.1 per cent of the world population that has benefited from asset price inflation. Amstad argues that we are already seeing financial and economic troubles becoming political and social flare ups.
He expects that these social tensions will only continue to escalate if developed world policy makers are unwilling to take their medicine.
“If they do come out with another bout of QE then banks are going to go bust, pension funds are going to go bust, insurance companies are going to go bust. And if it pushes the stock market back up again, then the 99.9% are probably not going to tolerate more handouts. That leads to social and political instability.”
Watch the full video below for a sobering assessment on the state of developed market economies and the implications for investors.
"I am very worried about the West. I think it is verging on catastrophe and what is interesting of course is the markets are just beginning to wake up to this."
For all the latest insights from Australia's leading Fund Manager's sign up to Livewire for free at www.livewirema...

[@minivanjack]

This is one of the best products of media I have ever seen. Someone who knows something and knows how to explain it without any hype or glitzy trappings. This interview is a treasure.

[@fullclipaudio]

Minus all the silliness about women and blacks being "under attack". Pure leftist propaganda.

[@dynastus]

@@fullclipaudio Yeah 100%..it took a 'left turn' there! Kind of hit the guy's credibility for me a bit - he;'s really just a guy with a british accent and a suit after all(and manages 1T in funds with a little help). If anything, white males and the white heritage is under attack(especially from revisionists). I mean, here in NZ our origin story is literally being rewritten in real-time with Captain Cooks first arrival being altered. And in Australia, there's literally a diversity statistic listed companies are urged to measure and track. That aside, if any of you reading haven't already been triggered for whatever reason, check out Seth Klarmans Book..if you can get your hands on it (arrr, me hearties) and give it a read. Man rivals Warren Buffet in ROI but doesn't leverage any fame to achieve the returns(unlike WB). there will be a lot of money to be made in the days to come, thats for sure.

[@gregsmith3001]

Brilliant. Telling it how it is in a way that was very easy to understand. Thank you.

[@parkerbohnn]

The guy's off his rocker I've wrote books on economics. The fact is you always want to put your money into the world's reserve currency until it isn't. Trump is the problem and the imbeciles that voted for him as well as the Russian interference in the 2016 election.

[@Lyle-xc9pg]

Half of this is leftist bullshit, what the fuck are you talking about

[@user_mac0153]

@@Lyle-xc9pg The other half of this...

[@JamesMiller-br7fe]

@@Lyle-xc9pg Seriously, anyone who thinks China is solvent, well, I've got a piece of the Brooklyn Bridge I can sell him.

[@viviangreer4793]

@@parkerbohnn you've "wrote" books? i doubt it.

[@antpoo]

I would love to hear his opinion on current events.

[@ikmore7709]

100 percent still valid!

[@_S._S._]

You're hearing it. I feel like this man has a crystal ball.

[@kylenulises9120]

sorry to be so off topic but does anybody know a trick to get back into an Instagram account..? I stupidly lost my login password. I appreciate any help you can give me.

[@theciakilledjfk5973]

@@_S._S._ I actually just got a message from him. He says that the worst is likely still to come and noted that gold hasn't moved yet. Really nice guy.

[@coryg121]

I’d say this guy is SPOT ON with everything!! Well said. We are in for some serious economic turmoil.

[@georgestobbart4894]

coryg121 and the RISE of Bitcoin 🙏

[@rawirihemi27]

Agreed, very eloquent, logical and factual. I always get scared with guys like this. They just know a system so well and know how to articulate a shit storm. Always a pleasure to see see these guys do their thing.

[@iceman2921]

Definitely are in some turmoil... lol

[@BrianHeimbuecher]

Maybe everything regarding Asia and the financial crises. His claiming to know certain groups are 'victims' here in the States brought his credibility down a few notches. I mean, except for the facts, he got it right...

[@andysgarden296]

Spot on!!! Now would it b nice to see this dude on cnn, Fox, abc, cbs, nbc, msnbc, pbs N E WS!!! Ain’t. Happening. He is tooooooo truthful. 💀💀💀💀💀

[@Reactionary_Harkonnen]

Have you seen Tucker?

[@Reactionary_Harkonnen]

@N based

[@girlinthesouth850]

That's why I only really listen to alternate media

[@johnaugsburger6192]

ABC, CBS, and NBC should air this unedited without commercials. We need a dose of reality. Big time.

[@dwightwhite7838]

And why would those who own the media allow for the truth to be aired. Your confidence is misplaced so far as it relates to the media & those running this System. ALL of this is by design; don`t be deceived.

[@MrHarveyrex23]

NBC, ABC, CNN, FOX, MSNBC etc all supports this filthy flawed unstable destructive economic system.

[@dannhymir9678]

I think if they did that, it would easily cause a mass panic, with a recession (depression?) becoming a self-fulfilling prophecy. There will be a catalyst that will get everyone's attention anyway. Let the media lie still, while we have a few more months of the status quo (there's no easy fix at this point).

[@TimezUp23]

Wrong. Dude actually said American citizens who arent white straight men are under attack. No American citizen is under attack. The guy didnt even talk about the US and its western allies controlling the oil markets through Petro dollars. The guy completely left out the wild card... ie the US military which backs the Petro dollar. But he would be perfect for the mainstream networks. Basically only for bashing trump. Obviously no one that is an American citizen is under attack by Trump. At least I haven't seen trump issuing orders to attack citizens. I have seen some radical leftist and right wingers attacking people. But that has always been going on. Overall the US debt does need to be addressed. We should stop government programs and slash government spending. Raise interest rates and let equity drop in value. It seems clear we are in a bubble like trump said during his campaign. It is also clear that US corporations got scares out of the US by unions. So US corporations like cheap labor in China and also like charging Americans full price. Nike would be a perfect example and so would apple. We should see the savings they see , but no. iPhone 1000$ and Nike shoes 150$. So the government and unions really screwed manufacturing in the US long ago. Trump is only trying to get things back to the US, but he is probably too late

[@benkenobi292]

Hope you’re not holding your breath.

[@blathermore]

I decided to hear you out, Mr. Amstad, when I saw your simple glass of water at the table!! I'm so tired of bloggers preaching thrift and justice, selling slave made tees and drinking from Nestle water bottles. You gave a clear, educational talk. Thanks so much and give your Mum a call...she sounds like a sweet lady.

[@dickvansteijn4115]

That is not water......it,s Vodka

[@PlayfulJoyful]

The companies that gambled and lost need to go out of business and rich people need to lose their wealth when their businesses and investments crash. The tax payer should not pay.

[@hbarudi]

This comment is what capitalism is about.

[@michelguevara151]

@@hbarudi not capitalism per say, it's greed and financial disconnect. our president is an 'ex' rothschild banker, he thinks anyone who doesn't have a few million is a non person, not realizing that the vast majority of people don't have millions. this is what the Gillet Jaune Movement is all about. never elect a banker.

[@unclewazza777]

Dawn. No Dawn. The poor were taught to be wage slaves. They were not taught how to use the tax system to there benefit.

[@PlayfulJoyful]

wazza davies Law 31: Control The Options: Get Others To Play With The Cards You Deal The best deceptions are the ones that seem to give the other person a choice: your victims feel they are in control, but are actually your puppets. Give people options that come out in your favour whichever one they choose. Force them to make choices between the lesser of two evils, both of which serve your purpose. Put them on the horns of a dilemma: they are gored whenever they turn.

[@rujotheone]

Exactly. People that criticise capitalism don't understand that this QE is not true capitalism. Let those rich idiots who made bad investments lose their money

[@powray]

I was expecting him to say “but for 19.99 with this book you could save your loved ones” But he wasn’t selling anything and now I’m worried

[@jemeriah2467]

Well put,similar feelings myself

[@powray]

Bainsworth I hope his not trying to sell China as the good guys of the world here since every British are treasonous by nature

[@davidrapalyea7727]

I learned nothing and may even know something he does not. First, almost half of all households own stock shares either directly or indirectly through mutual funds. And second: The Debt That Will Never Be Collected The government issues bonds to itself and has never once demanded repayment. It's PRINTED money! But all that printed money has not caused inflation because the goods and services bought were roughly equal to what was printed. This has been going on for generations and inflation has been modest since the 1980s. (see below) If the government had not spent that money and cut spending like Greece did? We might not have 25% unemployment like Greece but you tell me what would happen if we stopped printing money. Greece does not have adequate demographics to ever recover. Inflation 60 years. www.google.com/search?q=thirty+year+inflation+chart+us&client=ms-opera-mobile&channel=new&espv=1&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjNwNyeoP7jAhVEiOAKHTeMCpEQ_AUIESgB&biw=1100&bih=696#imgrc=qsxHcnxTNoWmaM:

[@Aloewells]

@@davidrapalyea7727 The world especially China and INDIA will kick for bonds. Moreover dollar will be zero. Americunts lifestyle will be changed forever to 5th world.

[@davidrapalyea7727]

@@Aloewells Re: US self sufficiency - we are slowly going home but have legacy treaties. China could be rid of us but would require them to get along with the neighbors. HA! USA now has more hydrocarbons than god. Both energy (natural gas) and industrial feed stocks (natural gas) are both plentiful and cheap. Natural gas is a byproduct of oil fracking and will continue to be flared until pipes are installed. Peter Ziehan on hydrocarbons and demographics (1 hr) kzbin.info/www/bejne/eHnVamxvh6yDh9k

[@consciouscrypto3090]

"Zimbabwe school of Economics." !!! That sums it up.

[@markedwards9247]

This guy is bang on point. People see it every day, but seem unable to comprehend it. Here is the low down on just how tragic this is going to get, NOT a blip, but a full on collapse. The Dow Joes Industrial Average took just under 100 years to rise from 2000 points to 8000 points. At that time (2008) there was a massive economic downturn because the stock market was superinflated at 8000 points. That took 100 years. Today, just over 10 years later the Dow is not at 8000 any more. Even if the USA had experienced massive industrial growth in the last 10 years, 10,000 points would be hugely optimistic. Nope, try again. The Dow is running at around 27,000 points. That means economically, that the largest manufacturing companies in the USA are overvalued by at least 70%. So what does this mean to everyday people ? Your property is also overvalued by at least 70%, your 401K is overvalued by at least 70%, your savings and assetts are overvalued by at least 70%. And that is when the personal and national debt hits hyperinflation by necessity. The Weimar Republic is lliterally just around the corner. Over the last 10 years, safe haven after safe haven have been stuffed full of QE debt. There are no safe havens any more. Land, property, shares, savings, bonds, precious metals, bitcoin, all stuffed full of borrowed money. The entire western world is in turmoil because the foreclosure man is on his way !

[@andreflavell2689]

Well said Mark . I bought a yacht.and will be out of the system.

[@rujotheone]

What of cash? Also if everything is overvalued where should one save

[@DanielDaniel-xt3jh]

@@rujotheone he's saying there's going to be an economic collapse and there's nothing that's really going to solve it. It's going to trigger a revolution and other issues overseas will get us into WW3. The US will become anarchist in the future. Trust me.

[@ICE69ROG]

yes we in the US are in huge trouble and most seem to choose to ignore how bad it really is .

[@VMIFerrari]

True. People choose to conveniently ignore reality because it makes them feel *_uncomfortable._* That's the key word. We want to be comfortable so people would rather focus their attention on other things, so they just kick the can down the road a bit further. Unfortunately, we'll eventually run out of road...

[@ICE69ROG]

@@VMIFerrari I think we are rapidly reaching that point . It seems to me that we will soon be beyond anyone's power to manipulate things , leaving us spiraling uncontrollably downward

[@pereraddison932]

... 8billion high order preditors (us-humans) with access to high technology, all preying upon one little ball (the Earth) is completely, absolutely, and totally unsustainable. And once the parasite infestation (us-again) overwhelms the host (Earth-again) our harsh reality will culminate to reach its peak, and a mass extinction level event will be seen to be inevitable... And then, when constant conflict, crisis, and delema connect with denial, shock, and trauma... people, it ain't gonna be pretty... GOD BLESS EVERYONE BLESS EVERYTHING ALWAYS AMEN

[@dakotayounger6988]

"normalcy bias"...it's an actual infliction. We are all programmed for it as humans, so we have to try and help our brothers and sisters (knowledge) who are so afflicted. :)

[@tjp5295]

ICE69ROG they can’t ignore it now

[@martynjames5963]

I have been following politics and economics closely since 2006. I was in Asia for 20 years starting early 1990s. I have learned a lot - I listened to this twice and shall listen again later - it is a great summary.

[@walden6272]

Asia is going down. America is still #1!

[@daniluchison]

Kaze That’s the whole point of the video. The #1 spot is about to move way down due to govmnt debt/liabilities.

[@walden6272]

@@daniluchison They always find a way to kick the can down the road. America will remain on top for another century. No one is catching up to us.

[@daniluchison]

Kaze So said a Roman at some point. An Englishman at another and the Wheel of Time crushes everything sooner or later.

[@janetjones4310]

@@daniluchison ..And stolen funds!

[@rsalehi6568]

Negative interest rates that degrade the uber rich isn't the problem. It's the breaking of the average Joe's back without adequate compensation that is tanking the Western economies, especially in the US.

[@kiwimontoya]

We need a Resource based economy, look The Venus Project, Jacque Fresco

[@rsalehi6568]

@@kiwimontoya I'm familiar with that idea and project. I hope a small country would institute it and show the rest of the world of its inherent superior structure.

[@dickh1253]

R Salehi You are 100% correct. Thanks for pointing it out. But there are also other contributors to our present economic dilemma: a US Government that spends too much (they will not ever balance our budget), a US population that is deliberately ignorant of what's going on, a US banking system that works only for its own profits and not its customers, a US political system that is so divided that little is getting done in Congress...and so on. We need some clear guidance from God almighty.

[@ihatem2970]

R Salehi Here in Ultra socialist Europe it’s not any different. People are broke and living on government welfare and paycheck to paycheck. The government is hunting out corporations thru insane taxation

[@dimension9195]

The West seems to be about to tear itself apart. Things are very polarised and it’s getting crazier day by day...

[@pereraddison932]

Axel Stabursvik ... KNOT ...

[@pereraddison932]

Axel Stabursvik ... you're a bot. The bread is gee em & the circus is a nightmare...

[@elivevile]

looks like China will win the trade war...

[@Yatukih_001]

If you find pensioners near you and start supporting them then things will be less crazy. If you start acting out against people who scam others things will be better.

[@pereraddison932]

muldoon55 ... 3/4 trillion = petty cash ... for incidentals... hiccups... etc... a float...

[@robearl1983]

"If your black, brown, gay ect you're under attack". Lol! I agree with everything he said until that nonsense.

[@robearl1983]

@Far beyond Driven tell that to unemployed steel workers and millions of other whites. Take your anger,resentment and racism and shove it!.

[@unreliablememory9687]

@@robearl1983 Says the angry resentful guy. Tell you what. When you stop whining and show a little empathy for anyone, absolutely anyone other than yourself, maybe you'll get a listen. But you've been all about looking after number one all this time, and now you're the one who's hurting. Now the world's supposed to drop everything and come riding to the rescue because white guys like you and me are finally in the same boat with every one else. Whatever happened to those bootstraps we were supposed to pull ourselves up by? And I'll bet you'll still pull the lever for the Rs in the voting booth, after they've cut their own taxes and stolen your kid's future. Seen the defect lately? That's not from welfare, that's from unfunded wars, subsidies to oil companies and agribusiness and tax cuts for the already rich. But hey, make sure that the minorities are kept in their place.

[@robearl1983]

@@unreliablememory9687 I'd be willing to bet any money you are one of those male feminist who piss sitting down. I don't buy into your race theories and judging people on racial lines. America has 250 trillion in unfunded liabilities. Donald Trump isn't your biggest concern.

[@miguelfonseca1104]

@Far beyond Driven nonsense.

[@barryamato101]

@Far beyond Driven Nonsense says the white guy.

[@Arthur-Silva]

This is all by design, with every financial/economic crisis, a handful of billionaires walks away with even more wealth.

[@Semi_Successful]

George Soros called the Western economic fall ages ago. Hes just staying alive to say I told you so.

[@jhwheuer]

A bit simplistic, don’t you think?

[@eagleartillery1361]

More wealth is not the purpose. Gaining power and control is.

[@Semi_Successful]

@@eagleartillery1361 money is power

[@chukesobialo5706]

What these doesn't say is that China has a ton of problems to

[@imustbegettinolder4434]

I am not a particularly well educated individual, but this stuff is fascinating and I find it makes sense. Thank you.

[@justanotherguy469]

This video really simplifies things. kzbin.info/www/bejne/pILFiYSkbLWqpZY

[@whtkngofc]

Yeah you need to read more buddy if you eat this bullshit up . He is lying for his own gain.

[@jodieatherton3997]

@@whtkngofc Could you expand? link to another video if easier for you, i'm concerned his right and a good counter-argument would be re-assuring.

[@Gopherbee]

I would argue the fact you are interested in this type of video shows you are more educated than you may think.

[@RoseSharon7777]

You're more intelligent than you think. Society doesnt determine intelligence. "Being educated" is a farce these days. Common sense is golden. Dont let these elitists make you think your uneducated if you didnt finish school. Schools and colleges are nothing but propaganda for the marxist communist training ground!

[@charlesfoster3050]

4:50 "We've already got massively expanded central bank balance sheets". Jay Powell: "Hold my beer"

[@theciakilledjfk5973]

J. Powell again: Now hold my other beer...

[@Dutchhero2]

The black/brown/yellow/woman/gay comment is absolutely ridiculous. Rest might make some sense.

[@nanovation]

Dutchhero2 I think it was just going off The main stream media narrative/propaganda that gets them clicks and ad revenue. Apparently he hasn’t taken the red pill yet and thus cant see through the propaganda.

[@TheDeezelsmoke]

I stopped listening after that, what an idiotic comment. We all know who’s really under attack in the west.

[@Evad-zl2xu]

He did start out by saying there would be a civil war over who gets their claim of money. The black/gay/woman thing is just what the media is saying that's happening currently, but at the same time it exposes the fact that most Americans are completely cut off from the facts. There would indeed be the possibility of a civil war. If Americans can't stand together during okay times can you imagine what It will be like once the dollar has little to no value? America would become like a real life purge movie. The world is burning around us and most are in denial. The media isn't just hyping it up. The dirt has always been there it's just been hidden. Why worry about it? As long as the American dream is still alive for most of us right? What happens when most of us can't live regular life? Could it be something similar to the rise of hitler? Do you really believe we'll all be holding hands and working against the elite? Humanity will do what it always does best and that's to shift the blame to someone else. It's too hard to look in the mirror and to ask ourselves how am I responsible for this crisis?

[@Dutchhero2]

@@Evad-zl2xu Oh very true. Just the one-sided narrative he portrays is typical PC bullshit.

[@daviddickey9832]

He's right but for the wrong reasons, maybe he just can't say what he's really thinking.

[@timbassett9766]

Thank you Sir , what a great segment of truth , you have confirmed my thoughts for many years now . You have explained this in a way that the normal person will understand, your delivery of speech is excellent . Thank you 👏🏻👏🏻

[@fredfrond6148]

I watched the scariest offering on Netflix and laughed. I listened to this and shat my pants.

[@martymcfly5423]

😂

[@alexp3752]

I sure hope your washing machine worked and you had plenty of bleach...

[@dannhymir9678]

@N So are you from Argentina or Cuba? Stop spamming, no one cares. Also most of what you keep spouting makes 0 sense.

[@dannhymir9678]

@N Antifa = white supremacists makes big 0 sense. You're twisting yourself into knots saying the sky is pink when its blue. Its pointless to talk sense with people like you because your arguments are irrational/illogical by nature, so ad hominems are the perfect reply.

[@gidgoldmann]

N Good for you. Go tell that to the still grieving Mothers of all the black men who have been shot between just 2014 and now. Go and tell that to other Hispanics and immigrants who are being separated from their children at the border and children being held in cages by ICE. I’m an African (Ghanaian) immigrant living and working in New York (in Finance on the Wall Street).and I daily see the reality and foreboding of his prognosis and forecasts.. You want to research why Deutsche Bank pulled out of the Global Equities market the way they did. You want to find out or do a google search of why global Central banks are considering or moving towards near 0% rates. You want to research the reason and mechanics behind China’s deliberate devaluation of the RMB. Everything he’s said about the global economy is true. and spot on. He is neither an alarmist nor propagandist but a realist. Kindly do some independent research. yourself. UBS has an article titled ‘the world is a step away from a global recession’. Other credible sources have made the same or similar or more grim and disconcerting forecasts. I’m happy for your great and stress free life with your husband. I have 5 sons (3 in an almost all-white private school) and there are things we just have to deal with as a minority family. Don’t ever try telling people they aren’t feeling what they are feeling. There are things I have witnessed with my own eyes and heard with my own ears that makes his statement about the plight of minorities in America pale in comparison. Go tell African-Americans or minorities that their realities are lies , a mirage or non-existent and see how that goes. If you have a great life, Halleluyah!!, but please do not ever poo-poo, discount or denigrate the reality of others. My $0.02.

[@Alex-fs8ji]

it totally made sense, until he started his indentity politics bs at 14minutes.

[@pepelemoko01]

We are are all sailing into uncharted waters, from an economic climate we have not seen before.

[@swaldron5451]

He's telling us in plain english what a lot of us have been concerned about privately.

[@stewartbone4236]

A good honest, informed opinion is a breath of fresh air.

[@campsitez2355]

no, that dudes fearmongering and giving false impressions.

[@joshuahowell1534]

ExactlyExactly

[@joshuahowell1534]

George Soros and TimGeorge Soros

[@ivanoleaanimator]

Thank you Live Wire this insightful interview. Thank you Donald Amstad.

[@CR-ty5nc]

Very sobering, logic and down to earth reasoning, describing a situation of lost ....... time, recovery funds, peoples hope and aspirations etc ...... and cracy financial economics based on running matters into the ground. No time to wake up ..... but rather fight back at the time of collapse!

[@barryamato101]

The biggest problem in the U.S.A. right now is emphasized by the number of views this video has.

[@JAAB9296]

You are 100% correct Barry. Most people are walking around blind and do not know it.

[@unclewazza777]

@@JAAB9296 Do not know it.??? Your not serious.?? Don't know what world you live in but in my world people have already taken sides. Liberal or democrat. Left or Right. The left hand path of the devil or the Right hand path of God. The BLUE PILL OR THE RED.

[@debbiemorrison2431]

The biggest problem right now is to get out of the urban areas when the explosion happens because then it will be too late! Civil unrest on a big scale. It is coming whether you want to believe or not. Look at the French Revolution in 1789 - What caused the revolution............?

[@JAAB9296]

@@unclewazza777 You are a f**cking idiot first of all. But I guess you do not have a IQ high enough to understand what I meant. AND WTF, we should NOT take sides, you are a product stupidity. We all should be wanting what is best for this country not "take sides". By the way, I'm a conservative and have been for years.

[@pereraddison932]

John Barney ... CON...SERVE-IT-EVE...

[@davidthomas4188]

One of the best videos I have seen on this topic. Well done Donald.

[@Qrayon]

@Dugie Doogs The logic and plain-speaking ARE refreshing.

[@kingbrianboru4188]

@@Qrayon you are a prick with ears sir

[@Qrayon]

@Dugie Doogs No charge for the correction. This review of elementary 3rd Grade English will help you with your communication skills, and when implemented make your writing more effective!

[@dakotayounger6988]

@Dugie Doogs hehehe...

[@timjones1583]

Buy gold and silver and lead. Stock up on food and water.

[@HEXhibitionist]

I bought a whole bread this morning!

[@dwaynejones1555]

Jones definitely

[@ASJacob]

By lead, you mean bullets right?

[@pommygeezer9309]

Hi buy a generator and plenty of fuel, too

[@fjack1588]

@@pommygeezer9309 Solar cells and lead acid batteries seems a better long term option. Hey, and then you can always make bullets from the spent lead acid batteries!

[@LawrenceCarroll1234]

Around 9:30:00 "What we've never had to cope with before is when there is a bubble in the risk-free asset class! What happens when THAT goes pop?!" Beautifully put!

[@BrianHeimbuecher]

Except the bubble is older than the Jenner who went from a 'he' to a 'she'. That puppy ain't NEVER popping. The whole world would be catching rats for dinner if it went. Won't happen.

[@lafemmeanglaise]

He totally had me until he said: “if you are black, if you are brown, if you are yellow, if you are a woman, if you are gay etc.... you are under attack.” Just more identity politics.

Susan Creed exactly how I felt, I went straight to a comments and stopped the video shortly afterwards...

[@davidarnold9324]

This jackass is paid by the CCP and is a SJW Globalist.

[@nich586]

Exactly. If he cannot see how identity politics are being used, it makes me question his ability to think critically.

[@chuckknudsen8407]

Lost all credibility when he said that.

[@robertschweishelm3054]

I noticed that as well. I wonder if he’s about to replaced in his position for some reason and this video is a kind of hint about what’s to occur to him.

[@thelasthourgetready]

Another smart guy. Theres about 15 saying the same thing but the whole world is not listening.

[@frenilzaveri6000]

Don't expect rest of the world to listen in - they are so hopelessly deluded.

[@mitchwaller8225]

15? I think that there are hundreds of people saying the same thing. How best to prepare?

[@cyberblock7619]

@@frenilzaveri6000 I want them to suffer

[@dugn7373]

Except about Chinese debt...way off on that topic!

[@mtube620]

sound like peter schiff

[@bartakin]

The end was when we lost the gold standard. Brace for the aftermath..

[@colinfaragher5373]

Follow the Yellow Brick Road!

[@unclewazza777]

Bartakin. Unless you have great grandparents that went through the Great depression,?? You have no idea how bad it is going to get.!

[@colinfaragher5373]

@@unclewazza777 It is time for young people today to read Of Mice and Men and the Grapes of Wrath by John Steinbeck. I wonder if there is an author like John Steinbeck alive today capable of leaving a hard hitting literary legacy like he did to future generations so that they learn valuable lessons and avoid unnecessary suffering.

[@unclewazza777]

@@colinfaragher5373 Sadly you are a generation to late. Even if it was an E book it wouldn't hold there attention for than 5 mins before they had to check facebook or some other social media app. This is the gen that is ready for a dictator. For evil to triumph it simply takes Good men to do Nothing.

[@unclewazza777]

@@colinfaragher5373 Love you faith Colin. To think this gen would read anything of depth. I think it would be far more fitting for them to read -George Orwells 1984. That's were we are heading. We already live in a despotism culture. The next step is a dictatorship. But this NWO leader will make Hitler look like a nice guy. When a nation rejects God evil men raise to fill the void. The world deserves what is coming Matthew 24:21 .For at that time there will be great tribulation, unmatched from the beginning of the world until now, and never to be seen again. If those days had not been cut short, nobody would be saved. But for the sake of the elect, those days will be shortened.

[@tensevo]

It's all about to collapse - sell everything!!!!! wait, I did that 7 years ago.

[@michaelbrown865]

Derisk. Crazy Negative interest rates and QE on steroids, especially in the Eurozone, are something I didn't see happening but now it's clear it's the last gasp efforts of desperate people waiting and praying for a miracle. This will get ugly

[@tensevo]

@@michaelbrown865 Yes, the global economy has been on the brink of collapse for hundred years, surely it must happen any moment now.

[@michaelbrown865]

@@tensevo Good luck with what you decide Mark, the global economy would have collapsed without dramatic intervention in 2007/8, that is indisputable. The measures introduced these last 11 years haven't fixed anything they are just a sticking plaster. I don't want a collapse but I'm trying to protect myself and my family in the event of one by planning for the worst and hoping for the best. Banks want and need normalised interest rates but I don't think we will see them (3% or 4%) in the next 20 years without a war. Mervyn King chillingly doesn't discount this in his book The End of Alchemy. How many people saw 2007/8's scenario eh. Scary times ahead.

[@tensevo]

@@PLEASESUBSCRIBE2ME123 Yes, I was advised to sell by Gold merchants pushing their warez on KZbin. They said the world was about to collapse.

[@pereraddison932]

Mark Freeman ... how much more past being completly broke and insolvent does this world need to be before its actual and total collapse?... it's fucked already, but just a little bit more, eh?...

[@thomasyang2644]

the whole finance system is just a game, and FED is the game rule maker, FED does not gain this power by luck, it gain this power by the US military force

[@deejaye2647]

So then, as US citizens, we should be OK? I mean, we have alot of power...

[@thomasyang2644]

@@deejaye2647 yes, you will be Ok until another power rise

[@jamesdean7412]

Fiat Money.

[@jamestcatcato7132]

@@deejaye2647 Either EAT THE RICH, or eat each other!

[@african-history-fountain]

@shethinksliberty It is its arm and also its source of power. They couldn't get away with it without US military power.

[@powellmountainmike8853]

This is an excellent video. The points he makes have been obvious for a long time to those of us who seriously study the economic situation of the world.

[@ryancarper595]

Except hes wrong about Asia - China is one of the biggest currency printers in the world. Why do you think huge cities are built with absolutely no one living in them, do a search on Ghost Cities in China. Huge amounts of cash to create them, to keep people busy, but all the money is created out of thin air, there's other examples of all of this as well, not just cities. Alibaba has now been commandeered by the Government, that is going to be interesting. Why does the Chinese Government want Alibaba? who knows but I can tell you whatever the reason its not just to make little fluffy 1 dollar mittens.

[@DanielMelogpi]

This has been posted in August 2019. This man had no idea the size of QEs to come

[@Sobeewan]

13:45 everything was spot on, except this part where he goes off the rails. I'm sorry, but I'm a white male and I am constantly under attack by the groups he names.

[@Sobeewan]

@@thicckk1682 no u. But seriously, dont mistake an honest observation for weakness. It is not. It is an assessment of the situation so that I and other like minded men can prepare for that potential eventuality.

[@Dash323MJ]

I agree, that part is complete nonsense. He clearly has no idea about America's social state.

[@Sobeewan]

@Ironfukr 9 To you as well sir. See you when the time comes.

[@phil4818]

couldnt believe he actually said that. what a freaking MORON this guy is. the only ones under attack are white males.

[@JohnDoe-sg7uh]

Constantly under attack how? Oh wait are you still in Highschool?

[@lorenac7329]

Omg! I never thought of this from the perspective of the pension fund managers invested in govt bonds. There is going to be a mass pull out of bonds ..... could happen any day now

[@amadd5641]

It's funny that when I had my super with Mercer, I asked them where exactly my money was being invested. I can sorta understand them not disclosing that information, but in the end it's my money and my future that they "were" playing with.

[@chrissalley9468]

Yep. The pilot knows the plane is going to crash before the people in coach do. They have hedged themselves against the upcoming crash. Buy Bitcoin

[@markmahan38]

If you have the exspendable cash. Then invest into the bond and Treasury markets of China and other economic rising countries not of the West or western controlled. Like Japan, South Korea and so on. These countries would only bring financial ruin. It is the smart thing to do. Although getting completely out of capitalism and Monetary system would be vastly better.

[@deathtomichaelknagge4397]

Syke

[@deathtomichaelknagge4397]

@@markmahan38 man i almost loled at that one.

[@theknave4415]

An unflinching talk about factual reality. Get to know your local prepper/survivalist. Prepare for the future. Educate yourself: learn more about technology, narrow AI, etc. The world is about to change, forever.

[@dirtyd9792]

I say bring it on now its enable gonna happen sooner or later. I want to be hear for my kids and help them threw it. I prep !

[@wattlejuice1]

Buckle up, it's gonna be a hell of a ride

[@lucanidae100]

The state of Illinois owes 5 Trillion alone for liabilities; mostly pension liabilities and new programs

[@liberval9425]

Source for that?

[@odaydrums]

Yes proof please immediately post that other wise you will be reported.

[@lucanidae100]

@@odaydrums Sorry I meant 5 Billion

[@lucanidae100]

Oh wait it is 40 Billion for pensions...However, the new Governor says that with over 100 new taxes the budget will be balanced

[@odaydrums]

Second edition thank you I just hate people who say crazy shit. You are not that person. Some states are actually ok. Some have a surplus. Now this does nothing WSHTF

[@jemeriah2467]

An almost constant reassurance by many economic "experts" with polar opposite views to this guy, worryingly I think his vision of the future rings true

[@campsitez2355]

the dude talking isn't an "expert" he's a dude that just gave everyone the impression that pension funds are 100% invested in bonds. He doesn't even remotely clarify what the objective of a pension fund is or its structure at all simply because.... if he knew that he would have told you.

[@nayanmalig]

@@campsitez2355 Do you think that constant war for 50 years will not break a nation ? Nixon went off the gold standard so that USA could sustain endless wars - does money grown on trees ? Now it's the end of the road for wars - do you think USA will get away without paying compensation for seventy years of genocide bypassing all UN and international regulations ? There is always a price tag - USA will pay one way or the other - next time they are down they will be enslaved by Russia and china - not physically but monetarily - but guess what ? Average western citizen will have have a much better life under "communist" and autocratic" Chinese and Russians

[@taraswertelecki3786]

Thank the black hearted Small Hats for all of this.

[@michelguevara151]

ooh! antisemitism, how novel..

[@aleks8063]

Yup, but the rest of the world and the mindless drones will just blame it on “the west” or Europeans like they always do; these people are only Europeans when it’s convenient.

[@pillmuncher67]

Sir, you made me cry. Those poor bankers really deserve our compassion.

[@geoffreytoomey682]

No surprise, the WEFs puppet organisation the "UN, and the WHO" Controlled Dutch Government TRAITORS are continuing to destroy the Netherlands. The DUTCH POLITICIAN TRAITORS are committed to being the first of the WEF GLOBALIST MONSTERS15-minute cities." you will own nothing and be happy" It's been all in the planning and infiltration by the WEF into global governments and the United Nations for more than 50 years; before that, Klaus Schwab's father after his boss Adolph Hitler failed to get control of the world, all UN Member countries (except China, Russia, and India, their leaders are too smart to believe and follow in the UNs Climate Change scam) the other UN Puppet Governments just like AUSTRALIA POLITICIAN TRAITORS just bow low to the UN summiting their citizens to all of the unelected bureaucrats in the UN! Implementing every UN agenda to ensure the destruction of the WEST during the creation of the Global Government, the Member country’s governments will retain their positions of control, implementing the new Global laws using the Military to enforce these laws onto their citizens, private property, Private cars, will be resumed by the State, wake up and save your property and your future of just give up and be controlled by Bill Gates and the other Globalist MONSTERS now in complete control of the World Health Organisation! What a joke that name is, “Health”it should be the WDO, (World Depopulation Organisation)

[@kimersen2229]

Amazing explanation, even in the east things are not so ideal.

[@ThePorschefan]

I love your York accent "emerging markets will do bettah". Great video, pretty much in line with what Ray Dalio has said since 2017!

[@ThePorschefan]

@Politically Incorrect Bender Thank you

[@harryabili1916]

York? Sounds like standardised 'privately school educated'.

[@walkingman8943]

Two months later and the USA has an additional 2 trillion in liabilities. 😬

[@95jeremia]

Thank you!!!Excellent video.Finally this insanity will come to an end.Wont be faraway anymore.

[@joeemergingfromthecave1680]

"gold is money, all the rest is credit" JP Morgan in 1912

[@cubismo85]

yep, buy gold

[@magoo1950]

"Corn is real money. Gold and other money can't be eaten" -Magoo 2019

[@robjohnson7878]

When the next crash comes and these banks fold up like cheap chopsticks, people will be dying to get out of their dollars and gold will be there, it won’t matter if you can eat it or not there will still need to be a form of currency and money exchange and trust me the dollar won’t be it. GOLD!!!!

[@rameshchandra1696]

Warn buffet said gold is waste.

[@joeemergingfromthecave1680]

@@magoo1950 Try to store corn for a few years, see what happens...

[@hornet224]

The clarity, logic, and truth of his explanation is brilliant. None of the economic voodoo you hear on the financial news networks.

[@gold88fish88]

I feel like every American should be forced to watch this. Suddenly so many things going on lately make sense. Shit. I'm scared. Lol.

[@helmsscotta]

Your Mum remembers the hard times. She chooses wisely.

[@tyd8077]

I think about this video a lot. It's very impactful. I want to. See this guy on here more.

[@nayanmalig]

This is the best video I have seen on economy - all others are talking rubbish

[@StoutProper]

nayanmalig they're tarkin rabbish

[@wesleyholmes3316]

This dick head is blaming the west . its the new WOURLD order. Do your home work .

[@ericdoran24]

@@wesleyholmes3316 the west IS the new world order. Where the rich get richer and the rest of us sheeple get the crumbs that fall from their table.

[@jmoney6652]

So buy gold and silver like theres no tomorrow...that’s what I’m hearing.

[@germaxicus6670]

Keep stacking brother. Make sure you are armed too! Stay safe

[@johnbarrett5229]

Gold, Silver, Bitcoin, Land, Guns, ammo. : )

[@ste4742]

And guns and bitcoin

[@jessed1586]

Just lead bullion, food, and alcohol. If there’s chaos in the streets you could offer me a whole wheel barrel full of gold and silver and I still wouldn’t trade you for ammo or food.

[@dustingoldsworthy7303]

Stack stack stack.

[@jrsgarage3244]

Out of hundreds of videos first one to discuss 124trillliabilities🙄

[@thebeautifulones5436]

I liked this up to 14:10 where he launches the usual white hating.

[@simony2801]

The truth always hurts

[@MaxoticsTV]

I watch and read a ton of this stuff. "A bubble in the risk-free asset class!" Wow. Nailed it.

[@parkerbohnn]

You denser than lead twat!! The smart money is piling into government long term bonds for the capital gains. The guy making this video is ready for the Rubber Room!!

[@maddysydney]

Excellent insights- please have him and his like more often on the channel. Thanks

[@GuyKenniffPuls]

would love to hear from this guy again

[@nickoutram6939]

So its got to be Gold then... Interesting the Pension Fund manager said hold paper rather than Gold -a friend of mine who is a UK Financial Advisor told me that he could not directly recommend PMs to his clients under FSA Rules -is that true?! Also I think you are wrong on China debt, they are massively indebted... They have spent the last 10 years spending like crazy on infrastructure projects.

[@openureyes]

If that doesn't give you the Willie's I don't know ,shit Storm coming

[@Mrbfgray]

Keep living and investing in yourself, this same theme has been promoted since the last crash like it's right about to happen.

[@davidchavarria1979]

Great speech no lies very true this guy deserves too be a leader my god bless hes heart like I said before no one can save whats is coming we are going down 100 percent

[@campsitez2355]

um I heard his little speech and got the impression that pension funds are 100% invested in bonds. he doesn't even explain the structure or objective of a pension fund or how that relates to any market cycles at all... he's lying by what he doesn't know or is purposefully not telling you. So yes, either lots of ignorance or omission of truth both are equally bad.

[@draganpenchev]

@@campsitez2355 Yeah, yeah. You can buy government bonds as many as possible and what left put it in Your bank account.

[@campsitez2355]

@@draganpenchev why would i want a low yield investment? stupid.

[@olguiq1013]

Donald Amstad, THANK YOU for sharing your knowledge and wisdom.

[@patrickmuhwheeney6518]

As an American, I just want to give a big "You're welcome" to the rest of the world. Making you subject to the whims of our corrupt banking system is a favor we don't need repaid...

[@IvankaB-ft6hd]

it's more zi@nist problem, not so much American problem. They just placed their nest in the USA this time.

[@gb1984yt]

This is the head of investment,he's been in the industry all his career and he's not selling anything,good info unfortunately soon to be true

[@gwaccola]

Spreading disinformation, perhaps?

[@gb1984yt]

@@gwaccola printing debt to cover for debt has failed every single time it's being tried

[@rameshchandra1696]

@John Buffalo I am 97 😂😂😂

[@jamestcatcato7132]

@@rameshchandra1696 See, you and your Fascist pals are already acting like lobsters, looking to drag each other down!

[@ronaldmcdonald3965]

1998 was the last time western countries and their economics policies had any credibility. This is what I have been thinking for last 10 years.

[@delinquense]

The guy's poor mother can't treat herself to a bottle of wine while he no doubt rakes in 6 or 7 figures.

[@blathermore]

His thrifty Mum 'feels' poor because her bank account yields no interest....I'm sure he learned from her...check out the simple glass of water he wets his whistle with.

[@PDuchowski]

You missed the point guys

[@blackchain1900]

@@PDuchowski and the point was made so clearly.

[@nadinenielsen2047]

Agreed, saw this a year or so ago. Would love to hear from this guy again and what his take is on the situation now.

[@GeorgeOforiAtta]

Owning hard assets makes more sense to me after carefully listening to this informative video.

[@justanotherguy469]

Right, because currency is really debt. Notice That I did not call it money because by definition money is backed up by gold or silver.

[@Smith34567]

My mum was the same , she had a decent income from her savings + her pensions. After the crash , her savings income was destroyed at the same time as prices of the costs of living dramatically rose , leaving her poorer and using her savings to pay bills.

[@quantumhealing341]

Draghi and Lagarde symbolize the Zimbabwe School of Economics! xD

[@Figuring477]

this man speaks in clear language..his message is vividly člear..

[@Meekseek]

His message is one world governmental propaganda.

[@mokenetgumshoe1064]

It sure is gonna make a lot of people angry when all the goddamn social security money we were forced to pay into the system completely disappears....

[@Iquey]

I'm 28 and I don't expect to see any of it. It will be a miracle if I see a single government check in SS once I'm forced to retire at the age of 77 because corporations don't want to pay for senior healthcare.

[@anonymous.youtuber]

Very well explained. Thank you Sir.

[@howdyahworkthisthing1520]

Canada needs Max, and a “second amendment”. We’ll get the “first” back after that.🍻 🇨🇦🇨🇦PPC STRONG AND FREE!!!🇨🇦🇨🇦

[@viking670]

The non whites in the US are under attack....are you kidding me !? Its the whites who are constantly under attack due to being constantly called racist nazis white supremacists. Anything to do with white culture is always under attack and simply standing up for ourselves is considered racist and is being under attack. Carrying an American flag is almost considered racist and going against open borders and mass 3rd world illegal migration is considered racist, standing up for a free market system is considered racist, standing up for Christianity is considered racist, standing up for free speech is considered racist, standing up for the second amendment is considered racist, standing up for American values is considered racist...etc etc etc.

[@Freedom-yi3gz]

The 99.9% didn't get left behind, we got screwed!

[@deepattison9329]

And many are too dim to understand that it is true.

[@MJWVI]

Freedom 0017 primarily because you were either too lazy, or too stupid to create personal wealth for yourself.

[@miirobrightvisions]

It's funny how Hong Kong's citizens have more guts to stand up and fight for their rights than us claiming to be free in the West. Yet they don't even have as many guns as the West.

[@richardbroome6077]

Yield curve? Here in America. We use Walmart as an economic indicator.

[@bulalirozani4392]

Lol are you serious??

[@richardbroome6077]

@@bulalirozani4392 people are spending here in America. They're not borrowing to do it. For the people. Not the banks. This is how it's supposed to be. America is paying good interest while other countries. You have to pay them to hold your money. Not good for those countries who were once sucking hind tit of American generousity. No more.

[@edwarddiaz1130]

@@richardbroome6077 lmao!!! Americans aren't borrowing to make purchases? You're a clown!! Please research the current consumer credit debt in the US, along with automobile loans, student loans, and # of foreclosures with high value properties staying on the market for record amount of days. Match that with lowering Fed rates

[@soonahero]

Anthony E Huggins Jr you can give up your citizenship and exchange your labor for bitcoin The problem is trivial

[@soonahero]

Anthony E Huggins Jr then enjoy having other people take your labor by force

[@jensroeckendorf382]

Very good video! it is a very good description about the Economic and the social cirumstances of the developed world!

[@Nicholas-wb1lv]

Banks and financial institutions looking increasingly shaky. Don’t keep any more money there than you can afford to lose! Bitcoin halving hype on the horizon ....

[@nevilleoscar6613]

It's just funny how financial institutions get news rules which affect users and don't even seem to care

[@shawbrandon4784]

Everyone keeps talking about economic crisis why not just discover the problem and get it fixed

[@aldrichbyron5748]

I thinks i'm getting into financial crisis personally. And i don't even know what to do i feel like giving up on all this financial shits

[@spookyjenny6750]

Instead of getting fed up with your financial status which is very dangerous because can lead to sadness and depression why not just contact a pro trader and invest

[@laurenmoore8718]

I need a pro trader too because my job just won't let me get enough time to trade.

[@commanderbond5244]

Follow the money. Who profited from the destruction of the western banking system ? Who were the managers ?

[@andydavidson9366]

That one percent will do just that;" follow the money". The West breaks down, OK we'll head out to the East. No problem.

[@riedodenise1236]

Absolutely exactly explained how it is!!! Swiss in Paraguay

[@Pfessor_Moriarty]

Would like to hear his opinion on the now unfolding Repo crisis that begun jut after this interview.

[@Livewiremarkets]

Now you can get the latest news faster than ever by following us on Google News news.google.com/publications/CAAqBwgKMI79ugswm5jSAw

[@andrewmckay2118]

Lusaferian globalist elites will bail-in and take the money form the deposits and bail themselves out with the plebs money. it's all planned. and tell the plebs they have too. to avoid social unrest and a global depression. And the globalist elites will make even more money. Out of the hell they have created on purpose.

[@AWalkingHat]

I actually had a nightmare just like this last year. It was Trudeau pursuing me to have the last 1K in my bank account.

[@BattlestarDamocles]

They're demonic blood-suckers, headed by Soros.

[@L_MindBody]

100% accurate thats what they will do.

[@jamespetherick6151]

Ridiculous statement, money will not be of any value

[@kirstinstrand6292]

@@BattlestarDamocles don't forget the Koch brother(s)...that wreaked havoc worldwide with their greed.

[@benjaminbrannan9357]

Did he just say China has very low levels of debt and that they're solvent? Think you may want to go check your numbers there mate

[@supa3ek]

Actually YOU may want to check yours. Main stream media doesn't show the REAL figures. They show clips or fragments of it just to paint a bad picture to get ratings. It's like showing a 1 month yield curve on the Stockmarket and claiming doom !

[@neikory]

China, subside all imports and businesses even if the same businesses are losing money just to flood other markets with cheap goods. The Chinese debt is not low by any stretch of the imagination. That without counting the fact that almost on one trust offical Chinese sources because everything is party-based and another point is, how solvent they are if they need to relay on devaluating its currency to keep up with the spending? :P dunno bro dunno....

[@patrick8128]

I am in the finance industry. I recall that China's debt is more like 320% more than GDP. Who uses a communist dictatorship as a model?

[@ernestfung1140]

Of course, he is right. Remember the Chinese bought 1 trillion US debt, and owning so many strong performing SOEs.

[@jamestcatcato7132]

YEAH, like "the Chinese will pay your tariffs"..... I GOT A BRIDGE FOR SALE!

[@rosscampbell1173]

13:50 he lost all credibility.

[@gold88fish88]

You don't think the Oligarchs have a vested interest in manufacturing conflict between left vs right, black vs white, etc?? This is a class war and they don't want us to know it. So they use their propaganda tools to make us fight over stupid shxt like race to keep the heat off of them. It's a class war. My brown ass will link arms with a poor white republican before I ever try to relate to a rich limousine liberal. If we are going to survive working people have to stop the stupid division they thrust upon us. This is CLASS WARFARE.

[@dakotayounger6988]

@@gold88fish88 You are spot on. I feel the same exactly about my brothers and sisters, in the struggle (the elite)" have inflicted, as they did the biggest transfer of wealth ever seen in history.

[@Amivgr1]

Voice of reason

[@lescobrandon6327]

To translate what he said: big war incoming....

[@kingbrianboru4188]

Your righf i sense

[@jamesmachau7315]

😂😂😂...very well said!!!!

[@nonyabiz9340]

Negative yield interest rates combined with overpriced real estate means those in power believe a population drop is coming.

[@carlossebastiannecroticgot7232]

@@kingbrianboru4188 you're *

[@kingbrianboru4188]

@@carlossebastiannecroticgot7232 i beg YOURE pardon charles dickons

[@Schnitz13]

This guy and The Money GPS! Glad my wife and I cashed our RRSPs to buy a house. The economy is gonna tank soon; the countdown is on.

[@jonathanwjoe]

Paul Miazga if the economy tanks you’ll need a job to pay your mortgage

[@hypnotechno]

@@jonathanwjoe maybe he's bought the house outright

[@hypnotechno]

what will happen to property prices when the tanking starts?

[@Qrayon]

What's an RRSP?

[@red_edj]

@@Qrayon like a 401k for Canadians

[@Kalydosos]

This Australian bloke is very good I came back again to make more notes brilliant analysis.

[@nigelpalmer9248]

Why don't Banks invest in production and R&D instead of bonds that would mean jobs wages economy or am I daft.

[@fwingebritson]

because they want maximum profits at no risk. And they do invest in production and R&D if they already have a positive cash flow.

[@cniht]

Who would have thought.....you cannot print your way to prosperity. Shocker, we all know.

[@ihatem2970]

Cniht come on , this time we can, this time is different . Haha .. not

[@davidgillettuk9638]

Nice clear truth simply explained. God bless you for your unequivocal truth.

[@stevenleejobe]

“If you are black, if you are gay if you are a Muslim you are under attack”? Poppycock! It’s the opposite, sir. What planet do you live on?

[@return2innocence221]

Money doesn't grow on trees 🌲 ( that would take time) they just print it instead it's much quicker!!

[@MattMK45]

Top man, thanks for that. That US debt clock is scary to look at!

[@keithbrandson6293]

It is interesting, but it's not anywhere near 'official'.. It's an entertaining creation that approximates 'debt' based on assumptions..

[@deathtomichaelknagge4397]

Its meaningless as long as we keep the show going

[@tonycodolo]

@@keithbrandson6293 Do you have a better place that we can get "official" figures?