‘Monetary Crisis’: How To Survive Coming Social Unrest, Loss Of Purchasing Power | Michael Campbell

[@TheDavidLinReport]

Get 20% off on Doug Casey's "Crisis Investing" newsletter by using this link: www.CrisisInvesting.com/Davidlin What is the best way to preserve wealth against an erosion of purchasing power? Comment below and don't forget to subscribe! FOLLOW MICHAEL CAMPBELL: Michael Campbell's MoneyTalks Show: mikesmoneytalks.ca/category/mikes-content/complete-show/

[@FifthKnowledge]

David, your interviews and interesting guests have really been knocking it out of the park lately! Keep it up!!

[@ronaldtrunk7944]

David's hair is a financial market indicator. it does read social unrest

[@const71]

does he not know how to use a comb? Geez ...

[@sebastienloyer9471]

🎉, IT is a movie. A ploy. They All work together. AGENDA 21. 186 CONTREY's signed up for depopulation agenda. + Insanity : doing the same things over again and expecting a different results. 2 wings and one BIG Rotten Eagle. Keep on voting your Rights and Duty's AWAY. + Bullets before gold or silver. The world has only one enemy: the USERY BIS/IMF, Central Banks and financial institutions. With theyr Nation states : the Vatican city, the city of London and Washington DC.

[@superdutyohv3401]

Lol

[@davebellamy4867]

I wish I had hair to style like that.😂

[@davebellamy4867]

He's competing with Dr. Barnard of the chubbyemu channel. Another excellent channel.

[@pauldusa]

Live in a Rv to be free, I’m 69 now, a retired broadcast engineer Nyc, Silicon Valley in the late 80’s, gas was $.68 California when I was there 85-90, I grossed $80k a year then, now I’m debt free with good savings excellent credit, camping out 15 months in my van so far with my fishing pole & out of the scam system for sure.

[@jshatfield115]

Aerospace Engineer in my 30s. Retired living in RV. Never been happier.

[@mtrest4]

​@@jshatfield115 How long before we hear: Brain 🧠 surgeon, now retiring in a dumpster.

[@jefferyedwards5003]

Was stationed in San Diego in all of 1986, and I can tell you that gas was no where near $.68/gallon...even the leaded gas of the time.

[@katef7225]

@@jefferyedwards5003 I believe gas was around $.85 back then. I was new to driving and didn't have a lot of $$$ then.

[@mkaberli614]

Anyone who thinks governments are going to fix the debt problem are whistling past the graveyard.

[@laurelstewart4264]

much respect to you, David. You are consistently well-prepared and knowledgeable. And polite and respectful. Thank you

[@bigqueue]

This is not nitpicky, but he said the US dollar store of value is just starting to erode! Are you kidding me? It's been eroding my entire life and evidence is just looking at Penny Candy 50 cents to a dollar😊 a lot of people like to look at the price of gold, that's just another example! The value of the dollar has been eroding my entire life of six decades!

[@DUES_EX]

Exactly

[@philroe2363]

In truth, the dollar is extremely strong as measured against other global currencies right now. It won’t stay that way, but for now, it’s reality.

[@deanos1993]

I see your point, but typically people "flock to safety" in the USD.

[@sebastienloyer9471]

IT is a movie. A ploy. They All work together. AGENDA 21. 186 CONTREY's signed up for depopulation agenda. + Insanity : doing the same things over again and expecting a different results. 2 wings and one BIG Rotten Eagle. Keep on voting your Rights and Duty's AWAY. + Bullets before gold or silver. The world has only one enemy: the USERY BIS/IMF, Central Banks and financial institutions. With theyr Nation states : the Vatican city, the city of London and Washington DC.

[@rathelmmc3194]

You’re ignoring the other half of the equation though. You earn far more dollars than when it was 50 cents.

[@ALANGREENSPAN420]

🚨SILENT🚨DEPRESSION🚨

[@ShaneWenzel]

Canada does not have a labour shortage. The people that used to be enthusiastic about transforming the nation, its industries, and individual communities have grown apathetic.

[@good2goskee]

When Trudeau, who could not run a popsicle stand, gets in the way of our economic creativity, destroys the incentives to build wealth here instead of fostering growth (or just getting the F out of the way, it is going to start to hurt harder and harder. It is mind-numbing to me that Trudeau feels impoverishing Canadians in the name of climate change when China and India pollute with impunity is a good thing. He is knee-capping one of the richest countries in the world when our footprint is a mere rounding error for China.

[@KenzoTenmaM]

I can feel the sense of unease growing here in Australia. It all has to do with housing and how our currency has been devalued. My dad worked as an unskilled labourer and raised me and my siblings on a single income. Mom stayed at home and took care of the homestead. My dad only ever bought one house on his single income. Fast forward to today, I am a medical doctor, I earn a "very good" income, yet combined with my wife I would struggle to afford that same home my dad bought. That doesn't make sense, unless you accept our currency was debased and together my wife and I are getting paid less in real terms than my dad did working in a factory.

[@LoraxicaRealm]

Your shows are SO great!! Watch all the time! And appreciate your work 🎉

[@brettskinner5824]

I’d love to know how to survive today work 40 plus hours making 24 a hour and still can’t meet bills thanks to inflation and no pay raise in sight

[@mtrest4]

Steal !

[@ph00n0]

Buy your car cash stay below 5k, prepare food, make your trips worth it, get a 40 a month phone bill, split an apartment with someone. I know ukranian people who have been here for 15 months doing this and have 15-20k put away making 21 an hour.

[@catherinealexander8821]

Make your meals and coffee at home. Take care of your health by eating only healthy foods. Don’t buy anything (car, boat, etc.) Shop good quality thrift stores for work shoes, sneakers for kids. Save with silver, even if it’s just 1 % of each paycheck. 🌺

[@rolandbraun1197]

The only reason the USA is not visually in recession as compared to the debt based Western European countries is that 7% of GDP deficit (2 trillion dollars) replacing the low savings rate of households and the lack of corporate investment !! The real recession is being masked by a massive deficit that has been maintaining consumption levels at the expense for higher inflation !!! ... but for how long with these massive debt burdens in all sectors of the economy keep destroying the American middle class? The economy is slowly nearing this financial cliff and a reset is now an essential requirement for the survival of Western Democracies !!

[@davebellamy4867]

I don't think they will or can survive. They're being actively dismantled in totality.

[@scoby41]

I think you’re right, a reset will be necessary…… but it’s going to be a painful ride to the bottom.

[@MoBenStateOoned]

Another great episode. Don't typically chime in but have to so two rational BC'ers and Canadians get the credit deserved. Far and few in Canada.

[@divineashler]

David, you are the hardest working youtuber these days. Not sure if you even take weekends off. Great guest today. His deep dive is worth listening to.

[@TheDavidLinReport]

No weekends off

[@PaulbylPaulbyl]

That's a sign of someone who loves what their doing. I totally can relate.

[@MaritimeSunset]

@@TheDavidLinReport Take it easy man or else you'll become like me and go bald. I might just need a hair transplant before the social unrest.

[@jonahMac]

Please have Michael on again ASAP. Good stuff!

[@Seanpfree]

First-time home ownership is OVER. "Starter home" mortgages in Tennessee are $3500/month. We've put in 77 bids in middle TN on first home and were outbid by cash investors EVERY TIME. Now, we're priced out due to price and mortgage rates. Wonder why Millenials and Gen Z are doom spending? Not getting married? Not starting families? Why is civil unrest growing while the wealth gap is larger than it ever has been in history? It's because this economy is not for us, it never has been since we've been around. It priced us out and left us behind before we got here. This doesn't end well for society at every socioeconomic level..

[@jefferyedwards5003]

Patience, grasshopper!

[@Mymistakes77]

[@catherinealexander8821]

How you vote matters….

[@Steven-jx7ch]

Real assets, money is silver, we forgot that and greed won!

[@jeanneculton5688]

I'm sorry. Can you get land and a mobile home?

[@FeelingPeculiar]

David, you are pumping out the videos!!

[@ProgressiveMastermind]

There's a great solution to get rid of all interest-related problems: Dont let central banks fumble around with leading interest rates! Always leave them low at 0% or 1% No hugher interest rates is need, unless for a few low earning safers on their emergency savings. Else it only causes troubles, like: - pointless discussions about costs of public debts, - imploding private debts, - firing inflation rather than fighting it, - preventing big capital from being productively invested (with some risk) vs. risk-free non-productive investments

[@digitalbobby42]

David's hair clearly indicates a recession. ✂️

[@mtrest4]

Quite the opposite. Based on my analysis of his hair, I can confidently say we should take a long position in the market. Inflation is not going away.

[@violentgreen7196]

David’s content is quite intellectually sophisticated, he is a singular, compelling thinker and a very productive interviewer. 🙏🏼☺️

[@bruceposch1449]

Don't blame Canada.. blame Trudeau. I knew this jackass would destroy Canada in 2015. This isn't just blowing off steam...I sold the TSX and real estate in 2015, 2016 and bought gold.

[@friendlychat34]

Ain't your real estate prices like doubled since then 😅

[@bruceposch1449]

real estate doubled but the C $ dropped so much after 2015 that it is a moot point. Especially when property taxes and insurance have doubled on these higher property values

[@mkaberli614]

Blame Canadian voters.

[@bruceposch1449]

@@mkaberli614 Someone must have voted for him, but I can't find anyone who admits it, lol. I really believe the elections were rigged

[@cjb8993]

@@friendlychat34 You serious? You credit Trudeau for real estate going up, when everything has gone up due to systemic inflation? You're not smart are you?

[@gregg4600]

My first time listening to Michael Campbell and I like his up-and-up vibe! Interesting viewpoints! Observable behavioral reactions.

[@investmentprofessor2620]

Recently in Cambodia I got a decent haircut for $3. How much is it in US? $30? 10 x more for the same job. Simple example, and my point is: while Americans are broke, they're still overpaid. And it will get worse in the Land of Once Free.

[@arosamia]

Okay...but how much is the average salary in Cambodia? $100-200/month? How much is the cost of living there? Definitely not $3000/month...

[@adoremus4014]

Because salaries are 10x higher in the US!

[@mpireone]

How is the USD going to hold it's status when many foreign countries are already dumping the USD?

[@dotsthots]

Problems... money flows to the US. The issue now is that the US has become so unbelievably arrogant in the comfort of that knowledge, it is completely unrestrained in its behaviour. As debt accrues and real wealth flows east, it can't continue.

[@HANZELVANDERLAAY]

Could our leaders be any more out of touch with reality..we get everything we deserve....financially and otherwise

[@Likeaworm]

“Real wealth flows east” 😂😂😂😂

[@scoby41]

@@HANZELVANDERLAAY it’s a shame we have absolute clowns running the show. The Biden Administration is running the US into the ground.

[@fraa888grindr6]

Wow, David, I always thought you did a great job on Kitco, but you've really bloomed on your own! Tremendous guests and interviewing. Earned SUB!

[@RedeemPlus]

David Lin is the man!

[@ProgressiveMastermind]

Fiat money does not automatically erodes purchasing power, if used and channeled correctly. Its just hardly done. But this is a problem of fiscal and monetary policy leaders and mainstream economist NOT undeestanding the abilities of a fiat system - or rather abusing it!

[@dznuts123]

Why does yuan need to be the reserve currency? It just needs to be used by other countries, and it’s being used, especially by Russia, ASEAN, and Middle Eastern countries.

[@erwin5760]

yup, this guy lost me at "who wants the yuan as the resv currency.." are they stealing other countries reserves and sanctioning them left and right. many countries are bypassing the dollar now.

[@cryptoricardo]

Indeed. Why a reserve currency at all

[@conduit242]

@@erwin5760 people won’t buy food in wampum

[@mtrest4]

​@@cryptoricardo A means of buying oil 🛢️

[@cryptoricardo]

@@mtrest4 yeah but who decides which currency to use? The seller. Well now the US made Saudis sign a deal to make the petro-dollar, but this can change.

[@george0r510]

David your a real ACE Commentation HOST........ Thank You David for your WORK.

[@lauramuth1783]

David! What’s going on with your hair? It looks like you slept at the local bar last night. Ha

[@mtrest4]

The man has been sleeping rough to get us the scoop on the poop 💩 in the markets.

[@carolhealy3035]

It was a great discussion really enjoyed this David :)

[@fukumann]

Absolutely Great & Honest interview with Michael Campbell.

[@johnnewell7535]

Brilliant interview the interviewer it’s about time

[@thesleuthinvestor2251]

You are a great interviewer. Thank you!

[@grandmaG67]

Ive followed Michael since he was in global news and he was like a psychic when he talked about the market and the political parties in both countries. He's ine of the good guys.

[@graceamsterdam5404]

Excellent Interview, thank you so much 🙏🏼🙏🏼🙏🏼

[@pete4397]

Is David drinking 0.5 Heinikens again because his hair is having a rough ride 😂

[@TheDavidLinReport]

Hahaha non-alcoholic Heineken is strong stuff

[@william78583]

This election will be about saving our democracy, not about economic issues.

[@davebellamy4867]

​@cockyhemi-123Indeed. Officially ... but really a corporate fascist military and police state. The government is now way outside any concept of rule of law.

[@davebellamy4867]

Honestly, your "democracy" has been done for some time. Your vote will change nothing except the precise nuance of the continuing route to a total fascist police war state. It's all theatrics.

[@henrys2403]

Great interview. Michael has been a steady voice for reason in the country 🇨🇦

[@JB4u2]

Great truth teller. Very considerate how you explained Canadian issues knowing US was in the audience and needed definitions of some things you were referring to!!

[@jayneweaver8695]

GREAT guest, this is one of those guests that you need to listen again, Mr. Campbell is a great guest, on top of it! Love his recommendations for reading, listening.

[@catliath5384]

Good guest, very logical and thoughtful gentleman. He’s got his finger on the pulse, it’s certainly crisis time for the world…

[@awjames1121]

Only usa is in financial deep crisis now,,, other nations all OK only usa not OK at all, with many dozens of usa problems now, domestic and international,,,???... usa I at confusing situation now, and very miserable mindsets now ,,?... due to whatever biden done has all backfires into hurting usa ownself ......?...

[@dougmacpherson9661]

Great interview! Great mix of experience and enthusiasm for the future.

[@brucerobtoy2888]

Great guest David, thanks.

[@MrAnderson3]

This is crazy to hear that Canada and Australia are pretty much symmetrical in their economy and immigration structures. In Australia we have the same problems of variable interest rates, influx of migrants and real estate shortages/valuations. Every policy he mentioned is the exact same here in Australia, crazy how we have 2 countries doing the exact same thing and suffering because of it yet the governments think they are doing the population a service lol bunch of clowns Thanks for the insight David as always 👍

[@douglasthompson9482]

Thank you for your honesty…. I have been strictly advocating for America for decades. Canada and many other countries are a joke in the business community especially. If you are looking for a different quality of life that is a different story. Most Canadians don’t want to hear this….blind stupidity. Even with all the problems in America…. It is by far the greatest country in the world. They will always be in the modern day.

[@jackie-sd6lc]

you don't fight with social unrest, you mingle and come out alive!

[@titchglover2601]

great show, great guest please have him back outstanding. thank you

[@mtrest4]

For us hair analysts... .. it seems David's hair is suggesting we should take a long posiion in the market. Just the opposite of what this dude being interviewed is saying.

[@LoraxicaRealm]

Great discussion! Thanks!

[@CanPat777]

More Michael Campbell please!

[@altun8310]

As a Canadian, I agree that a key issue was that governments in the last 30 years haven't put prosperity and housing (more recently) first, instead of their political parties' divisive, polarising, and interest groups targeted agendas (equally on both sides). However, the solution isn't to tax large businesses less or to lower capital gains tax. We have social programs in Canada and these are part of our identity. The last thing we want is to become like the US socially and politically. If we can't tax more those with high capital gains (the recent change won't impact main street selling their residence or those making a small capital gains), the solution isn't to tax workers more, or cut our social net. Then what? We waste billions every year in public money, subsidies, that are misued by businesses who get them, that don't hold their part of the deal. How about more accountability on companies that get public money? How about closing tax loopholes for businesses? How about taxing excessive profit growth on the back of consumers (hello loblaws, sobeys,...)? When food inflation is 15%, but their profits grow more than that, then it means they are profiteering somewhere on the back of consumers or their suppliers. Corporate greed is everywhere. Most businesses in almost every sector have increased their prices for more than inflation or real inflation, and on top of that, many large businesses then send profits abroad to avoid taxes, not reinvesting in Canada. That's also a reason we don't have a good economy now.

[@michaelhannan4668]

Wonderful idea. Tax business more and regulate profitability. That will surely lead to more investment and prosperity. Just wondering if we take care of companies that lose money the same way you want to steal money from profitable ones. I mean usually if there are excess profits we get new companies and entrepreneurs entering the industry. Your solution to steal profits solves this problem. Even better it will lead to supply issues and prices can go even higher. Genius!

[@Wishmegoodluck]

this guy knows everything

[@displayname7t4]

Can't wait for Michael Campbell to be back on the show!

[@Scorch428]

An intelligent guest for once! Amazing!

[@Scorch428]

cept when he said "Most people are worth listening to" To say thats wrong is quite an understatement :P

[@HoneyBadger80886]

Love the background. Where is it?

[@kimrichards2436]

David has gold in the cross hairs.

[@equityjustice2695]

Florida is a mess. What is this guy talking about 😒. He is delusional

[@kylehagan3007]

David always love your show, did I miss the part about coming social unrest? Sir you’re credible and we will click without sensational titles I’d click if it said boring financial update

[@pete4397]

Michael is a class act! I appreciate his views!

[@DjembeJEM]

Phenomenal show Mr David Lin every single one of your interviews is cutting edge and questions and answers are just super informative and super important politically and financially

[@mrkakashi9888]

David, how come I got the impression that you only invite BEARS to your interviews. What about some balance as a financial program?

[@ryanyoung8663]

Nailed it. Breath of fresh air

[@stephenstow4706]

Excellent interview, really appreciate the Canadian perspective. Thanks so much, David!

[@RobertojavierSilvaharth-ub3pz]

In the dance of the ugly, we aren't the belle of the ball, we're the least ugly of all!!

[@Steve-rc1ug]

So….how do we survive coming social unrest and loss of purchasing power? Haven’t heard the answer here.

[@anahitakatrak5995]

A great talk, very well researched.

[@frankstipes4114]

This man is senile.....The USD is a horrible currency today...very different from 2014

[@JamesAnderson-ez2df]

David, before this particular podcast, did you just wake up from a 2 day bender?😉😳

[@chateaudardree1666]

Great great highly informative intellect more in the future, David from strength to strength

[@lavague7648]

I am not us citizen. I thank myself i went out from us denominated assets three years ago. USD is currently an inflated currency. I will reconsider us assets after the depreciation of usd.

[@catherinealexander8821]

One of your best!

[@TheDentist27]

I used to listen to Money Talks on CKNW in the late 90s when I was in high school

[@paulinechernick2537]

Excellent interview!

[@ProgressiveMastermind]

Why should there be ever some advantage with Gold, Silver or Uranium instead of USD fiat money? On micro and macro level, do you expect anyone to have their piles of precious metals at hoem to do their groceries or paying for their vacations? Their is no good reason to rely on semi-immobile commododites vs. Modern fiat money. At least the top 1% got easily rich with fiat money and surely wont complain about it, right?

[@dano5008]

Michael!!! Haha wild. Been listening to him for years. 🇨🇦

[@alanmrsic893]

In Gold we Trust!

[@jefferyedwards5003]

Then your "trust" is misplaced. If you offer a bar of gold to a man with an apple in hand when you are both starving and see how much your gold buys.

[@timgibson3754]

You Canadians have a rosy view of the US

[@conduit242]

Definitely a hair crisis today

[@stevecooper9896]

Yes and it is time for David's hair to turn blonde. My vote is for blonde. Yay David YES go BLONDE!

[@spivackl]

I have a friend who can accurately predict equity and metal price fluctuations by analyzing David's hair.

[@philroe2363]

😂😂😂

[@TheDavidLinReport]

What’s his prediction now? 😂

[@HANZELVANDERLAAY]

​@@TheDavidLinReporttake a look at MMTLP.. perhaps..blatant fraud by sec and finra....and Congress...over 500 Days ... the stock has been halted.. pure corruption

[@adrianbird1139]

Great interview

[@issylevy7505]

Hi thank you for your most amazing podcast .your guests are the best on U Tubs well done . As a mattrr oh great interest why is Platinum never mentioned as a precious metal Regards Issy

[@neilweston7605]

Love the look thkyou david,s.

[@stazone]

No mention of his relationship with Martin Armstrong?

[@susanlaws7739]

Excellent information.

[@TheWhiteOakHomestead]

Hair is on point 😊David!

[@glenn9576]

Great guest!

[@MrMatisse22]

Scattered, and fragmented responses, continually diverting to parallel topics. Good opinions, but difficult to follow.

[@paulsaragosa371]

Okay please let us think of thy cautiously and not complacency

[@turgutnoyan2270]

Thank you.Good talk.

[@cryptoricardo]

Indeed the USD is the reserve currency per default, but why do we need a world currency? Also, I don't know what timeframe you guys are looking at, but the USD is in a bear market and about to head down for at least another year or two

[@nixofficer]

great overview

[@richardkut3976]

How do you get rid of bad guys with out war?

[@rustyscrapper]

If theres a collapse real estate will likely retain the most value vs everything else, tied with gold. Bonds will be worth 25 cents on the dollar. Stock market about the same decline. I have no idea what bitcoin will do. It could go to zero it could go to a million. That all depends how many people either lose faith in it, or have faith in it. Its only value is the belief it has value. It could be the winner, but not guarenteed.

[@dre44r56]

Bitcoin has been the best performing asset since its inception. Every asset lives by the belief you attached to Bitcoin. It seems that belief is a lot stronger in Bitcoin than Gold if you look at the charts over the last 15 years, and now the etf flows are very strong for Bitcoin. So I doubt it's going to zero. I really can't see real estate performing the best either. Again, Bitcoin will outperform all other assets as it has for the last 15 years. I doubt that pattern will change. Real estate will likely be the worst performing asset, in my opinion. I suppose time will tell.

[@christophersalinas2328]

@@dre44r56how many crises has Bitcoin been through

[@dre44r56]

The store of wealth in the dollar is well & truly declining. Look at Bitcoin & Metals & stock market prices pump as assets need more $ to purchase them due to the loss in the value of the dollar.

[@charleswilson8038]

When the nation is rotting to the core. Forget about everything. Just look after your love ones if you can.

[@dtrout]

Tremendous interview..... could listen to the "ramblings" all day. David as usual gives his guest enough time and freedom to get maximum insights with minimal time to lead the interview...... doesn't try to control or dominate the guest. Almost makes me want to apply for Canadian citizenship and return to the land of my grandparents, but Trudeau's fascist intent kinda scares me..... Ever neat, eh ? ❤

[@paulsaragosa371]

November's rain 🌧 💙

[@erickieffer4639]

Im so glad David left Kitco!!!