The real impact of growing budget deficits - Ruchir Sharma

[@SugarSugar-f2p]

Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.

[@skylover-w1q]

Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.

[@Brugman-g8r]

We have been in a depression since 2008, the yield curve has already uninverted, global recession indicators are flashing alarm for well over a year, and absolutely nobody could pull us out of the hell coming regardless of party.

[@wood-e9s]

I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!

[@Brugman-g8r]

ASHLEY GARNER ABBOTT a renowned figure in her line of work, i recommend researching her credentials further.... she has many years of experience and a valuable resource for anyone looking to navigate the financial market

[@MariaAmie-d3p]

Excellent share! Curiously inputted Ashley Garner Abbott on the web, spotted her consulting page ranked top, and was able to schedule a call session. I've seen commentaries about advisors, but not one looks this phenomenal.

[@owls077]

This is one of the best interviews of Ruchir Sharma. Even fiscal turnaround of Argentina can't be ignored.

[@pranavjagdish]

Naaah! Not Argentina. That is not a fiscal turnaround (yet). It’s just delaying costs and passing them on to the population. Such severe austerity at the cost of the people is not a real end to deficit.

[@ssuwandi3240]

Eventually yes. First step is a stable Peso and Millei seems to have orchestrated it without a severe crash. Painful but doable reform

[@katiecannon8186]

@@ssuwandi3240 Argentina has IMF loans. So needs to earn foreign currency to pay those debts (mostly dollars). Also, this guy is gong to pretend that the dollars in his pocket doesn’t = A dollar deficit - lol. He literally doesn’t understand the difference between a monetarily sovereign country & one that’s not.

[@MuhammadJame-l9u]

If investors perceive a government's debt levels as unsustainable, it can lead to decreased confidence in the economy, potentially causing instability in financial markets. that's where financial advisor comes in.

[@NayNay-y5t]

Yep but when the government borrows heavily, it can "crowd out" private investment by competing for available capital in the market, limiting economic growth potential. you are still right it's better to monitor the market with a perfect and proffessional consultant. e.g " sophie kathryn jones " and Tom Lee

[@nelsontyler8347]

@@NayNay-y5t But as the government or Fed borrows more money, it can drive up interest rates, making it more expensive for businesses and individuals to borrow for investments. bullshit

[@jiangjianqing2799]

@@NayNay-y5t It's essential for you to have a advisor to keep you accountable. Myself, i am also guided by sophie kathryn too. for years and highly recommend her I focus on her. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

[@ClintonMathew-x1s]

@@jiangjianqing2799 oh that's cool, you havre trustworthy person as your consultant.

[@NoeAurora]

@@nelsontyler8347 interest are already high nowadays.

[@ryantaylor5297]

This guy speaks incredibly well. He explains it so well for people who are trying to learn.

[@katiecannon8186]

No he does not. He does not understand why Japan is able to run huge government deficit. He does not understand the difference between a monetarily sovereign country (print own currency, no debts in foreign currency & float your currency) and countries that are not monetarily sovereign He also doesn’t understand that a government deficit = The non-government savings. He’s just lost & basically ignorant

[@manubhatt3]

Kudos to this journalist - he is asking questions with zero assumptions and knowledge - the way it should always be! Norwayians(Magnes) should have been allowed entry into the Security Council a long time ago.

[@HiranyaGarbh.]

He is CEO of Norwegian Sovereign Wealth Fund. Mr Nicolai Tangen. He himself knows a lot. This is for others to hear. 😂

[@aadilansari5997]

He is not a Journalsthe is CEO of 2 "T" rillion dollar fund.

[@jeanlamontcranston6367]

That’s no journalist

[@SandipanNaths]

I am in awe of the host. Tons of sharp, intelligent questions. That's what makes these 25 minutes amazingly interesting. The added bonus is Ruchir's top-notch insight on the global economy and witty nuggets.

[@dear_darling]

@KZbin the comments are 99% crypto related spam.

[@patienceisalpha]

As soon as deficit is mentioned, the bots kick in

[@Terrranfear]

Yea I reported every single bot. Pretty disgusting. Dead internet theory is here folks.

[@vasanthpragash854]

Have you heard about "at fake guru" I made so much of my money off blah blah blah. Standard spiel, followed up number in bits and prices to scam you.

[@insoninenine8749]

Google is busy censoring political opinions that addresses issues that lead to deficits. They don't give a shit if people are fleeced by either scammers be they regular or government ones.

[@jeromesand]

My dividend journey began when I realized that two particular expenses in my budget were always going to go up and never go down. The two expenses were taxes and insurance. I realized that the dramatic rise in both will need some added income. So, I started buying shares paying dividends. I can now see that this will be the path I need to take to make sure those two expenses will not overtake my future income.

[@winifred-k9e]

As a beginner, educate yourself, Learn the basics of investing and the stock market. There are many resources available online, including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk. I’ve heard of people accruing over $550k during recessions and inflation, its important to do your own research.

[@richardhudson1243]

Yes, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. Can’t say I regret it, I’m 40% up in profits just in 5months with my initial capital of $160k

[@JacobsErick-u8r]

How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

[@richardhudson1243]

credits to 'Melissa Terri Swayne' one of the best portfolio managers out there. she’s well known, you should look her up

[@HoskinsShanellNicole]

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

[@sasankasekharpanigrahi7762]

Marvellous interview with Ruchir Sharma who as usual is brilliant in explaining complicated economic topics. Thanks to the channel.

[@johanngross6953]

"Capitalist economies without risk is like Christianity without hell" What an interview, thank you as always for sharing!

[@001sander2]

Another reason why productivity is struggling is because of the increasing wealth gap. Asset inflation has an inverse relationship with productivity. Less and less money goes back into productivity, it gets invested instead.

[@saurabhb1041]

And where does that investment go? Your comment doesn’t make sense

[@001sander2]

@ it goes into assets, inflating their value.

[@AyushMohan.8]

Ruchir Sharma Fans here ❤

[@ElCid420]

Unwarranted praise. He's got a handle on the historic data, and the critacl point that the monetary system changed in August 71, but shows no understanding of the power of a currency issuing government to mobilise real natural and human resources.

[@Knight-gs4fn]

Used to read his articles on Times of India, happy to see him on podcast

[@peterbedford2610]

When your central bank becomes the biggest buyer of your debt, your currency will probably devalue severely

[@sreenathgopinathan4002]

But Devaluation of USD will lead to devaluation of currencies of other countries. There is no way exporting countries will allow appreciation of their currencies against the US dollar.

[@peterbedford2610]

Exactly.why most countries are devaluing their currency in concert with the USD

[@bobovv6060]

Excellent interview. I suspect the US populace (at least the top 15%) do want bailouts. Anything to keep the S&P from falling. Asset price appreciation is much more important than wages to many in the US.

[@abhishek_gupta1990]

And they run the government, fund their campaigns and influence their policy and hence, the problem with capitalism.

[@borisnegrarosa9113]

Surely the 1% and business owners don't want wages to increase. It's been like that forever.

[@GillerHeston]

It is a government inspired crisis this time. The Treasury have to sell Bonds to cover the trade imbalance and the government spending imbalance. In order to sell them they have to raise interest rates and the old long-term, low risk, low interest, AAA investments (including Treasury Bonds), held by the banks (often due to government regulatory policy), become next to worthless. The next milestone should be soon when the government issue a new batch of Bonds. I have a stagnant portfolio that needs growth. What is the best way to take advantage of this downturn?

[@jcurdrayeric243]

Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.

[@rogerwheelers4322]

Gold and Silver are often seen as a safe-haven asset that can protect against inflation and economic uncertainty. But like any investment, it carries risks. To determine if gold is the right investment option for you, an investment advisor can help you weigh the potential benefits and risks of investing in gold. They can also help you create a well-diversified portfolio that includes gold as part of a broader investment strategy. An investment advisor can help you decide how much of your portfolio should be allocated to gold and select other investments that can complement your gold holdings.

[@joshbarney114]

Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated over $800,000.

[@FabioOdelega876]

I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

[@joshbarney114]

‘’Marisa Michelle Litwinsky’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@frankro1]

Excellent interviewer and brilliant mind Ruchir

[@rishigupta1738]

As always Ruchir rocks!

[@JanetAlber]

budget deficits are not inherently bad and can be useful for stimulating the economy in times of recession or crisis, growing deficits over the long term pose serious risks to the economy.

[@MaryDavidlove2]

government spends more than it collects in revenue through taxes over a certain period, resulting in borrowing to make up the difference nothing to hide about

[@StevenJude1978]

@@MaryDavidlove2 yes and they forget investors become concerned about the sustainability of a government's fiscal policy, they may demand higher returns on government bonds to compensate for perceived risk. this will end up unlikely

[@MichealJamesw]

@@StevenJude1978 in other to avoid all these BS, it's considerable to employ a personal financial advisor who will manage your portfolio as an investor e.g sophie kathryn jones.

[@BryanJohn450]

@@MichealJamesw this is wise, cause when government messes with deficits it affect the country economy and investors portfolio so this right here is kind of the best option

[@MichelWood09]

@@MichealJamesw i looked her up, nice work she got there. will book an appointment weekend. thank you for this valuable information.

[@nikkipatel801]

I have learned so much from this interview. I listen to so many podcasts but this is the best one

[@prasadgokarankar4666]

Fantastic research and presentation of thoughts, couldn't hold myself from appreciating. Well done!

[@keyoncotton8809]

Thank goodness for minds like the interviewee's

[@VasVordokas]

This is what they teach in undergrad and grad business and economics schools. Modern monetary theory. A framework that justifies QE to the extent a state is backed by its debentures (not bonds)

[@chiawildy563]

Modern Monetary Theory also known as MMT which is really More Money Today.

[@geoms6263]

what is ,,modern´´to modern monetary theory? 😂😂

[@ctrl-shift-run8681]

Insightful as always with Ruchir. The upcoming auctions are going to be interesting because let's face it, those tax cuts will be cemented.

[@davidlewis3773]

The US government issues both the US bonds and the US currency used to buy the bonds. They are US government issued financial instruments. It is simply nonsensical to talk about a limitation of fiat issuance arising from the bond market.

[@johngalt2100]

Yes, and when the market decides that the emission is out of control, it will demand much higher rates for US debt, and that will lead to inflation and devaluation.

[@davidlewis3773]

​@@johngalt2100 Correct, the problem is inflation, not market intransigence to fund the government. The market adjusts to what perceives will occur in the future. Its action is premised on the unfettered institutional power (for good or bad) of the US govt to issue more of its own financial instruments.

[@gopalkrishnabhagavatula985]

Ruchir you hit the nail on the head ❤ your analysis. Perfect, keep going your are in the right direction to reach your goal.

[@mikedevere]

Well said. The more traction these ideas get the better👍

[@rashminkmahapatra8250]

Good questions, superb answers. Ruchir Sharma's analysis are quite digestive.

[@supermash1]

I completely agree with this guy.

[@1ag18]

this is awesome!! thank you for sharing this

[@ELIOSANFELIU]

Thank you guys¡¡

[@craigkeller]

Brilliant interview. Thank you.

[@jeanlamontcranston6367]

Absolutely incredible interview

[@glennnielsen8054]

Yes, Switzerland has a formula that works. I'm surprised no other country is copying that model. The general explanation is that Switzerland is a confederation that is run decentralized. Extremely democratic and extremely successful.

[@geoms6263]

distributism

[@glennnielsen8054]

@geoms6263 Distributisme=envyisme

[@glennnielsen8054]

@@geoms6263 Distributism = envyism

[@surfspark]

Lol Switzerland run on money laundering brought by different countries people plundering their resources.

[@aadilansari5997]

Luck too ? Imagine Switzerland having 3 Nazi Germany like neighbours . Lucky that Germany and France and Italy have been neutered by American Big Brother.

[@Davidp915]

Very intelligent man and communicator. Thank you for sharing

[@JohnPodesta-yu4tf]

Thanks for posting this excellent discussion. We need to urge our leaders in the United States to make the changes in our culture you discuss. Otherwise, capitalism will continue to evolve into socialism.

[@LUSHBEE728]

I am a 21-year-old Gen Z girl, and I still live with my parents. I don’t see myself buying a house in the next 10 to 15 years due to the rising trend in real estate prices. His addressal of the core issue-that the high price of homes is a fundamental flaw in capitalism-is spot on. The main aim of the economy should be to make housing affordable, and we need advocates who prioritize the concerns of the younger generation.

[@BoonSeng-o7k]

Great analysis and explanation

[@forte.vision]

Informative, thank you.

[@gpsgoraya]

Great interview. And my friends in the comments, human beings breathe, let’s get over it. In the future, these imperfections might be the only way to distinguish between real and AI audio. Breathe on!

[@hjag1019]

Bought the book. Interest now more, hope it will be all that I expect

[@bmonck5110]

Excellent interview

[@raynes1957]

Capitalism without bankruptcy is like Christianity without hell. What is also missing from this discussion is that the bailout culture and removal of risk not only applies to the private sector, but the public sector as well. If America was being treated like any other developed economy it would have gone bankrupt a long time. It's the exorbitant privilege of issuing the reserve currency that has in essence bailed it out from it's poor fiscal policies. Moreover in the emerging market/developing world governments take on ever more debt and creditors extend them that credit even when their debt is unsustainable because the IMF bails them out. This is not conducive to a well functioning market economy.

[@Terrranfear]

I agree on the premise. However, there doesn't seem to be a really great way to de-risk large companies from the market. We had a baby formula crisis in 2 years ago. About 90% of the baby formula is made by 4 companies. The one that had plant shutdown was Abbott produces ~40% of the baby formula. When a company fails its function its not just a slight disruption but has real life consequences that can harm a lot of people. When a company is on a slow decline it's easy for the market to adapt. The company that fails goes out of business and the new business takes over. That's a win-win. But if a company that owns a large percentage of the market share just goes offline. That's not a 'them' problem any more that's a 'we' problem.

[@icls9129]

​@@TerrranfearClearly that's a sign that the market is over concentrated and those big companies need to be split up. A result of government oversight being non-existent for the last 30 years.

[@raynes1957]

@@Terrranfear I fear the baby formula crisis is not analogous. The plant was shut down due to health and safety risks, that is not the same as allowing an insolvent company to fail. If an insolvent company goes down, the assets of that company don't go up in smoke. The factories, equipment and other physical capital still say around, all the workers and their expertise still stay around. What happens is the assets are transferred from incompetent hands to competent hands. You wouldn't see the same massive drop in production. And even if you did it would only be for a short while or it just shows the production was unprofitable at that high level anyway. If a company is too big to fail, it is too big.

[@fahrdienstleiter2701]

Greece did not "face" (its self-inflicted) crisis but divested a large chunk of its public and private debts to the European Central Bank ECB at the level of 100% of GDP and some other European states. France supported them with a view to do the same, which is what we see now (2025). A multi-country currency allows individual countries to bail in the best performing, thus corrupting the common currency.

[@selvamuthukumarsmk3170]

Excellent analysis

[@lakshmikantdesai5848]

Ruchir Sharma 🙏

[@VasVordokas]

Is it fair to say that debt levels, in the US at least, began shifting from corporate and household balance sheets to government balance sheets, in the wake of the subprime and automaker crisis and now the pandemic?

[@LuckySidhu-ln6vk]

Informative interview.

[@ParkSloper]

Terrific book!

[@Vishal270187]

Big fan of ruchir sharma....😊🙏🙏

[@VasudevaNaidu]

Well explained, appreciated

[@pabord-e9n]

The irony was listening to Ruchir Sharma say that you shouldn’t need to allow a company to fail in a crisis… Now I know why we can’t get rid of the bail out culture!

[@lakshmikantdesai5848]

Excellent Sir for your view Thanks for sharing us 5:10 🙏

[@davidgray3321]

Good to see an interview where the people are properly dressed, not a slurry coloured T shirt in sight. It’s a good place to start any professional meeting. I think the guest is an excellent speaker and the interviewers questions are excellent. Thank you.

[@acmkamos]

no offence but the tone he uses to ruchir is rather condescending versus what he uses for druckenmiller. his questions are seeking definitions of standard economic terms and checking to see if it matches with his understanding of those terms

[@English.with.Mateusz]

Yup, I noticed that too, a little bit strange

[@joelpilback4078]

I just finished Ray dalio's: The changing world order. He goes more in depth on these large cycles. Base currency, debt, etc. His earlier book Big debt crises is very in depth on previous crises (depression, 08, oil crises) very interesting graphs, dates in depth. Also James Rickards has "aftermath" on this if you don't feel like reading 1000+ pages. Why such short interview he was just starting 😂

[@AbdulRauf-fd1gc]

As for as the u.s dollar is considered as reserve currency by the other countries, America can easily transfer their inflation to that states and hence their financial liabilities.

[@mariusj8542]

A great interview, even though I might not agree with his very one sided view on debt-driven growth. I think he might overlook the instances where debt is being effectively utilised.

[@erickanter]

Watch the bond market.

[@OwpunRiplys]

These Issues are really hurting we the ordinary workers in the country. Please, who can suggest the best 5 assets to grow my savings within the coming year in order to deal with the harsh economic climate which seems imminent?

[@iam_maryanne]

“DCA" is the golden term. My dollar portfolio is made up of 15% PLTR, 15% TSLA, 25% NVDA, 15% VOO and 30% in digital assets, credits to my advisor. I've made over 80% capital growth minus dividends this year alone. It's sure getting better with the Trump economy.

[@iam_maryanne]

Personally, I take guidance from a well-spoken advisor, ''Katherine Nance Dietz'' She's quite known in her field of work with over two decades of experience.

[@marlene_orja]

Excellent share! Curiously inputted Katherine Nance Dietz on the web, spotted her consulting page ranked top, and was able to schedule a call session. I've seen commentaries about advisors, but not one looks this phenomenal.

[@vahngreensburg]

Thanks for the interview, a great guest. "Capitalism without bankruptcy is like Christianity without hell" ... Priceless. An unsolicited suggestion; hearing the interviewer's breathing while the guest was talking was slightly off-putting and I think that future interviews could be improved if this was remedied. Cheers

[@PaulMarino-kn6yk]

There are several reasons that defecit to gdp ratio is so high with a good economy. One reason is tax rates are too low, especially on higher incomes. Another is spending is out of control and needs to be brought down. But spending cuts alone won't do it. Tax increases are necessary. Also freezing social security payments for two or four years and then limiting increases to future payments. You could have a two percent fica surcharge on income above the fica cap. Bring back the 42 percent top tax rate. Stop cutting corporate taxes. These measures would help to solve the problem without hurting the economy.

[@bvssrsguntur6338]

Only comment with substance.

[@yersultankossymov8475]

loved this video. Quite resonated with my thoughts brewing since COVID, the bois put them in order nice and succintly. PS> you should monitor your comment sections

[@david-alexandrebilodeau7301]

Brilliant

[@VedaantSethi]

@nicolai - we hear heavy breathing in the background everytime Ruchir starts speaking. your sound guys need to have a look. thanks for your efficient talks and great questions.

[@gurjotsingh8934]

12:48 best summary 21:32 24:35

[@kiaranr]

This prediction will age terribly. We are on the cusp of a robotics and AI revolution that is going to completely transform economies into massive growth engines

[@robinfox6088]

Good stuff

[@glennnielsen8054]

Interesting discussion. China could be interesting in this context, where crises "never" get the chance to unfold and clean up.

[@RaviG-bv4yd]

Mostly made sense, and asking for bailout culture to stop is right on the money. But I am not sure how and in what way regulation has increased home prices, and at the same time asking for home prices to be magically affordable make no sense. Home values are reflective of supply demand equation, as simple as that. The only way to reduce home prices is government regulation (ironically), like zoning and asking builders to build affordable homes in every neighborhood.

[@akashkar7474]

By listening to him, you can tell why he is at Rockefeller. This person is actually smart.

[@ranganathanv5365]

Masterclass

[@abanish1000]

Excellent. But the tone has somehow turned into a 'job interview '.

[@BioHazardCL4]

Productivity has stalled because wages have stagnated so now it's not worth it to invest in more output. Without higher wages people will not consume more. If they are at peak consumption, why invest in producing more?

[@MarcioBarcellos-last]

Awesome material! Hint: very annoying to hear the interviewer breathing during the entire interview.

[@nihalmohammed7648]

Yes same

[@benjaminrusso3126]

I was looking for that noise for like 5 min......

[@snailedlt]

Is this the full podcast? If not, could someone link me to the full podcast video?

[@VasVordokas]

I would also raise the concern over two key attributes of sovereign debt. It’s maturity profile and refi risk, and who the biggest owners are, foreign or domestic? If foreign, then is it just a financial investment or is it a levy to larger geopolitical issues?

[@sus10651]

29 minutes? This should be like a 4 hour podcast.😅

[@destyspot]

Self styled to guru detached from rural India. Professional seminar circuit mooch.

[@pascalxus]

why is this guy the only person in the world with any common sense. come on, financial pros know this. we need to get voters on board.

[@nicholaslogan7232]

$450k Returns the Lord is my saviour in times of my need!!!

[@bernardallen9058]

wow this awesome 👏 I'm 37 and have been looking for ways to be successful, please how??

[@nicholaslogan7232]

It's Ms. Susan Jane Christy doing, she's changed my life.

[@AndreWilliams131]

After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.

[@janetfreeman2300]

Absolutely! I've heard stories of people who started with little to no knowledge but made it out victoriously thanks to Ms. Susan Jane Christy.

[@Andrewp226]

Can't imagine earning $85,000 biweekly, God bless Ms. Susan Jane Christy, God bless America 🇺🇸♥️

[@sunilvalmiki4554]

ADARNIYA SHRI NARENDRA MODI JI IS THE GREATEST PRIME MINISTER OF BHARAT. ADARNIYA YOGI ADITYANATH JI WILL BE A TRUE SUCCESSOR OF ADARNIYA MODI JI.

[@andrewsalmon100]

I like it. No more Jaag.

[@trails3597]

Argentina is going through a capitalism rejuvenation and the are people support Melei even with the hardship because they can see it works.

[@Chachaboyz]

Were the Portuguese, French, Spanish currencies really global? I thought the Dutch currency preceded the Stirling. Not sure if his history is correct?

[@erickanter]

At some point people that buy our junk bonds will want a higher interest rate.

[@vends919]

Higher interest rate implies higher risk, Risk taking by a Nation wouldn't be conservative policy, leading to encashment of the instrument, becoming a loop of interest hiking further , encashment further, could become disastrous, it's just my take, we can differ

[@amraceway]

You can still have an ultra extremist capitalist economy with massive government spending. That massive government spending goes somewhere and that somewhere is into corporate bank accounts.

[@Eric-hw4fm]

Genius

[@Alnamestkahdift]

Can u not hyperventilate in the microphone please

[@jakewalker5536]

Get this man some afrin

[@morganarif]

If not US Dollar , then what. Is West going to accept anycurrency which is not from West as reserve currency

[@adrianteri]

On NOT socializing losses for private sector what about key/critical sectors such as energy, transport & comms that have been privatized? Gonna watch them be stripped for parts/fall in quality of service? Why doesn't Ruchir call out this form of capitalism - neo-liberalism? Because it conflicts with the hypothesis of "over-regulation"?

[@AmoghRKanade]

Great video, not so great is the host breathing into the mic.

[@icls9129]

Nah, it's too late for the government to say we're not going to bail out the banks, stock market, real estate, etc. We're addicted to private profit and public risk.

[@SinghSajal]

The interviewer is breathing heavily 😅 anyways a great informative video (ruchit sharma awesome)

[@BryanJohn450]

[@MrBuzztings]

Fed interest rate is at 4.75%, so there's ample room to reduce rates. I don't see what the issue is.

[@harir3628]

Ruchir states the obvious

[@vivekpostbox]

Why you are not in India ? We miss you sir

[@Paul-e9x4h]

Dalam situasi tanpa gejolak seringnya tanpa disadari banyaknya pembiayaan yang berupa belanja modal menjadi pemicu terjadinya defisit

[@adrianteri]

There many things I can touch on but Full Employment is an unsustainable goal/path? Lastly is Ruchir coming out to say AI and other investments in infrastructure are simply irrelevant/useless?

[@bhupindersinghkanwar5681]

Reserve currency going very fast oone can imaginery stories of ruler

[@GI-xx1yw]

God that constant breathing is annoying, move the mic away / mute it after the question is asked

[@christopherbrown3159]

You're getting a free education, shut up

[@mitchellchristianson8120]

Its not amazing because the world is in debt and we are the currency with capital Don't worry we'll be okay. And no it's not fair but that's the way it is there has to be a world currency and that's not our fault