U.S. Can ‘No Longer Afford Debt’, Only One Way To Avoid Biggest Default In History | Luke Gromen

[@TheDavidLinReport]

Luke Gromen says that gold and Bitcoin stand to benefit from a negative real rate environment, the only way out of a sovereign debt crisis. Do you agree? This video is distributed on behalf of Metalla Royalty (NYSE: MTA | TSX-V: MTA). Watch the interview with CEO Brett Heath: kzbin.info/www/bejne/qaO3ZGl-jbiqZqssi=WPYj3E8lU2t_Uv5d FOLLOW LUKE GROMEN: Website: fftt-llc.com/ X (@LukeGromen): x.com/LukeGromen

[@Fearzero]

He's correct, bitcoin is going to moon. Once a country is beyond 77% debt to GDP, there's no mathematical way to ever pay it down. We're at 123% now. Printer go BRRRRRRRR!

[@markmcguire7261]

David I'm waiting for my interview. Rates are going down and down.

[@markmcguire7261]

​@Fearzero that's only half the equation. What about the rest of the world who is in way worse shape. Hence D.D.D that's 200 trillion

[@wisdoma4860]

PEOPLE WAKE UP.. THE DOLLAR WAS DESIGNED TO BE INFLATED, aka USDC digital Minting endllessly. THAT IS WHY YOU HEG...GOLD or Risk assets like BITCOIN or small caps. Fedz already have been planning this since last year, EXPANSION Is here, BEAR MARKET IS COMING LATER.. Dont listen to these youtube LIARS..

[@Fearzero]

@@markmcguire7261 They aren't the reserve currency so they'll have it easier. Hard pivot to bitcoin like El Salvador and soon several other nations.

[@Tonyrobs2]

Inflation and recession are the two deadly hydra-headed monsters that America is currently dealing with. The fact that consumers are accruing credit card debt is the worst aspect of this crisis. Credit card debt increased by 20% in April alone, and interest rates have doubled in just a single year. Because inflation is so severe, people are actually taking out loans to pay for necessities. Yes, the collapse has started.

[@mikey43221]

We have a new issue every day. The new normal is this. We initially believed it to be a crisis, but now we realise that it's the new normal, and we must adjust. Everywhere in the country, the economy will be suffering greatly this year. What can we do to increase revenue while implementing quantitative adjustment? My hard-earned earnings of $180,000 cannot be allowed to be wasted.

[@DonaldStokes-p]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@viviancarolgioao]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@DonaldStokes-p]

My CFA ’’ Sharon Ann Meny, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

[@viviancarolgioao]

Thanks, i did a quick web search and i found Sharon, i hope she responds to my mail.

[@993C2S]

Most excellent conversation. Please bring him back once a month!

[@geraldt331]

Tired of the "recession is coming!" threat. Recessive periods come along with equivalent market opportunities if you are well informed and equipped, I've seen folks amass wealth in the midst of economic turmoil and even pull it off easily in favorable conditions. Invariably, the collapse is getting somebody somewhere rich

[@Tonyham198]

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

[@Jadechurch-ql3do]

I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.

[@lucaswilliams9992]

Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.

[@Jadechurch-ql3do]

My CFA Lucinda Margaret Crist a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@brianwhitehawker1756]

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

[@nodaklojack]

Luke G. Immediate listen.

[@markmcguire7261]

I thought rates will keep rising? Why are they falling?

[@contemplating1015]

​@@markmcguire7261 listen and learn👍🏻

[@randolphstead2988]

The U.S. government pays more on interest payments than on their military. Let that sink in. All those bombers and aircraft carriers, tanks, nuclear missiles and soldiers cost less to service than the national debt.

[@fredflint3998]

Yep, that really puts things in to perspective.

[@ssuwandi3240]

The Feds have been buying back their short duration expensive bonds to get out of it..

[@jdizzle6324]

Makes you wonder who's getting rich off our debt. Do they also influence the government into spending $, creating wars? Pandemics?

[@nobodynever7884]

T-bills and chill bro. Although that may be coming to an abrupt end soon.

[@nneisler]

All planned that way

[@marshallstrong462]

Fk YES ! Been waiting for someone to snag a new interview with this dude with all the recent goings ons. Another top notch and timely snag, David ! 🤘

[@stevenmontplaisir3541]

@@marshallstrong462 maneco64 just interviewed Mr.Jenson , not blog format charts and straight from the horse’s mouth! LBMA , Rockefellers,CCP gold army and lots more . I melted my tinfoil hat watching

[@johndiantonio5156]

David Lin is absolutely the best. My favorite. Most thorough. Gives me the most value for my time of listening. Thanks, David.

[@davegallo8790]

Yep!!! No question. David Lin is the BEST in the business. Compulsory viewing!

[@HateDietPepsi]

Borrow trillions of dollars, transfer trillions to the rich, the rich then quickly buy assets with the fiat money before it deflates to nothing, and who is holding the bag?

[@wimvanaerde6249]

Exactly

[@Fearzero]

We're all learning. That's why I bitcoin.

[@ssuwandi3240]

Boomers and doomed China companies. The fault is when you are always pandering towards Billionaires. That's KommieLa's train wreck policies downfall.. Watch Senator Hawley with Intel's inquiries what happened with inflation Reduction Act. Where the.money got spent,? The answer is not in the US😊

[@its_notta_cedar]

Revolt

[@jdizzle6324]

@@Fearzero power outage and your broke.

[@LizaPhilips]

America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

[@frankbarnes22]

Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. this year will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment?I can't afford my hard-earned 180k savings to turn to dust

[@Johnlarry12]

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

[@carolpaige2]

Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.

[@Johnlarry12]

My CFA Carol Vivian Constable, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@carolpaige2]

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@ronh1850]

As an engineer by trade I've always enjoyed Luke's analysis. He breaks things down in a sensible, straightforward way using logic and common sense. I appreciate that. Please bring him back again soon. Thank you.

[@VideoThinkNet]

If Luke Gromen is so smart, and if he's honest, then why did he omit a crucial detail: If China pays for Trump's tariffs by selling US government bonds, that will be offset by the tariff revenue that the US government would receive, reducing the need to sell bonds to China. The net effect would be lower US government debt, and more jobs in the USA.

[@dvaritek434]

​​@@VideoThinkNetthe offsets dont match in scale. Trade deficit with china was 367 billion, lets say tariffs give the us 250 billion in tariff revenue. The selling of bonds, which isnt even feasible, the customers will pay the tariffs, on the margins will increase the bond yields in the us without fed intervention. This increase in interest far outweighs the extra revenue. What you say is true if the us is debt free. Its not true if some high double digit percent of 35 trillion + has to be rolled over every year. Fed can monetize, and as long as that balance sheet stays locked in bank vaults via liquidity trap, then maybe it can all be muddled through with only moderate price increases.

[@jensdanbolt6953]

As a fellow engineer, this is not my field just like it is not yours. However, I struggle to fully trust him. He makes broad claims and moves on to the next broad claim before fully justifying the first one. Too much confidence flexing, too little focus on evidence and uncertainties for me.

[@dvaritek434]

@@jensdanbolt6953 i think thats a fair critique. As another engineer who has been fascinated by finance since I was a kid, i think lukes takes are broad, but so are the questions. Its a high level interview, basically an executive authorizarion. Maybe he touches on requirements, but definitely no specifications.

[@Jayshadys]

Brilliant guy. Summarized everything really well. David , you asked very good questions. ❤

[@ousamaabdu794]

This was one of the best guests you've ever had on the podcast . He gave straightforward and truthful answers in a no nonsense, pragmatic manner..

[@AlexandreAlezzia]

For sure. No jargons. No BS. Right to the point.

[@contemplating1015]

💯

[@sivi9741]

Luke is one of the few guest u can click thumbs up video without even be worried about being wrong …. It’s always a good talk .

[@FeelingPeculiar]

This guy is good!!!

[@shirleygriffin7672]

Thanks for sharing today. Sharing post immediately

[@johnshadow9310]

One of your best guests ever. Thank you both. So glad to see your channel growing so fast David. You deserve all your success.

[@steveduncan7684]

This guy is very smart and very practical. The feds will hate his narrative

[@bpb5541]

Powell and his 400 Phd economists know that the USA is in end game senerio now. There is nothing that can stop it. People, but especially Americans had better get used to having less and paying more. simple as that.

[@427vot]

What Luke is describing here is called "Fiscal Dominance". It's a condition in. which the needs of the holder of the money are out-weighed by the demands of the government. Look it up.

[@jackgoldman1]

Gold does not go up. The dollar goes down, down, down. The IOUs are losing buying power showing up in gold price, showing IOUs lose.

[@alizaman8783]

you get paid in dollars, that is your reference point. So Gold goes up!

[@TrevorEMayo]

​@@alizaman8783It's all semantics, but unless you watched this and learned nothing I think you realize that the main point there is no increase in the value or utility of gold or any other commodity - the currency sinks so you need more currency to buy the gold. The emphasis should really be on the sinking currency.

[@bpb5541]

@@alizaman8783and if the dollar goes to zero what does that mean for gold?

[@ssuwandi3240]

Because the Feds are lagging while holding on the Yen's repricing. But the rest have been ahead of us.

[@recongraves]

10% of my income is BTC 😏😏😏​@@alizaman8783

[@DonaldMark-ne7se]

Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.

[@kevinmarten]

Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .

[@JacquelinePerrira]

I wholeheartedly concur; I'm 60 years old, just retired, and have about $1.25m in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.

[@Jamessmith-12]

Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.

[@JacquelinePerrira]

Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@Jamessmith-12]

I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes.Thanks

[@desertcat8029]

I appreciate common sense, no BS answers of your guest. Great interview 👍

[@Thom.stones]

I have been a dividend focused investor for a long time. This does not mean I don't own growth stocks, I do. A well rounded portfolio should be a mixture of both categories. One way to minimize the anxiety out of stock market investing, is to make sure you keep a large cash cushion. I invest in the market, but never put all my money in market.

[@Matinburke0]

I think the next big thing will be A.l. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.

[@HallAlison-w7z]

This is definitely considerable! think you could suggest any professional/advlsors i can get on the phone with? i'm in dire need of proper portfollo allocation

[@HallAlison-w7z]

He appears to be well-educated and well-read. I ran an online search on his name and came across his website; thank you for sharing.

[@williamwilliam5066]

I'm a negro investor and I need to know the name of your negro finance expert. I have been a dividend focused investor for a long time. This does not mean I don't own growth stocks, I do. A well rounded portfolio should be a mixture of both categories. One way to minimize the anxiety out of stock market investing, is to make sure you keep a large cash cushion. I invest in the market, but never put all my money in market.

[@MarkBush-en5cz]

Scam Alert ! Scam Alert !! Scam Alert !!! Don't look for a financial advisor (Scam Artist) in the comments! Scam Alert ! Scam Alert !! Scam Alert !!!

[@Aries61]

Thank you David and Luke. Luke is one of your best guests!!! 🙏🔥

[@zorro-b3l]

David, Thank you for bringing the conversation to the Table - Critical Conversation !!

[@johningram5479]

Just like they said in the movie Titanic when the Chief Engineer on the ship assessed the size of the tear in the ship that was caused by the iceberg, when challenged by a ship's officer that "but this ship is unsinkable", the Chief Engineer responded "Oh she can and she will sink, IT'S A MATHEMATICAL CERTAINTY". This is the same situation the US government finds itself in, which is why no one even discusses balancing the budget, or reducing government spending, there is absolutely nothing that anyone can do to pay down the debt, and it is now "A Mathematical Certainty that the US economy and the dollar will collapse". As he said, there is simply no way out of this.

[@TrevorEMayo]

When you examine the details of what he said he did not mean the country would collapse. The essence of what he said is that the only way to save the country is to devalue the dollar through inflation.

[@henrytep8884]

Yeah but the dollar will be the last fiat to fall. So until the other fiats fall, the dollar will continue to work and maybe work long enough where super artificial intelligence takes over

[@stevenmontplaisir3541]

@@henrytep8884 we have so little wisdom . I wonder, will artificial intelligence be embedded with wisdom? Will computers fear God’s judgment and base their decisions upon this ? nothing that is unknown will not be known, nothing that was unseen will be hidden ? No repercussions for actions leads to millions of corpses. Soviet Union was basically run with “ artificial intelligence “ look how good that went.

[@lennybriscoe6133]

​@@stevenmontplaisir3541Coo coo

[@timothyrday1390]

I agree one-hundred percent. Ultimately, the interest rate will be forced to accommodate the government's astronomical debt. I don't see why this isn't the most obvious economic reality. Just look at Japan.

[@andrub23]

David is one of the best at interviewing. Great job!

[@SherwoodMa63744]

David, you’re on to something here. This also explains why Powell dropped rates when markets are at record highs, etc. the government is fixing market outcomes, using easing to prevent equity declines to prevent something bigger.

[@dabomboo7o]

No taxes until people sell.. so a selloff benefits taxes . So you can’t fund the debt unless there is a panic

[@contemplating1015]

​@@dabomboo7o👌🏻

[@holdenc3082]

What of the Fed drops rates and it doesn’t work this time and the market starts dropping anyway? It’s usually when the Fed begins cutting that markets top out and begin declining

[@davie2983]

The Fed lowered rates because rates already had started to come down. Fact and Simple.

[@scottrc5391]

@@davie2983 Exactly. The Fed merely follows the 2-year yield. There is no mystery there. They just put up smoke and mirrors to make it look like they're actually thinking about things and cheerleading the economy for the public. That's all they are... cheerleaders.

[@jc7887]

It blows my mind that more people, including so called professionals, do not understand this very basic common sense. We have two choices-the government is insolvent and collapses if it has to continue paying interest on the debt OR they let inflation run rampant which has the dual benefit of making the debt more manageable (because of lowering rates) AND makes the debt itself worth less through devaluation of the dollar. The government will always pass the pain on to the lowest on the totem pole. You and me.

[@tysonfinn1470]

What happens when inflation is so high that people can't afford to live? We re not far from it

[@arachosia]

Makes sense. How long will the inflation go on for I wonder

[@AnnoyingNeighborPhilippines]

They print money to service the huge debt, inflation lingers. Money transfered from savings to gov as tax

[@AnnoyingNeighborPhilippines]

Inflation was down before this recent 50basis points cut. Now its heading to higher inflation. But unemployment is high. So inflation is not going to accelerate up .. poor people will suffer for sure. As long as they tolerate this, their savings will erode. No more jobs. .. but if they jail those in Fed and congress responsible for this, then it will set things action to pay the mountain of debt than starting useless wars.. afghan war israel war , a terrible waste of american tax

[@JohnLin-kg5eu]

Luke is Amazing!!!

[@JohnLin-kg5eu]

Luke's interviews are the GOAT!!

[@aklimar2208]

The statement about the stock market being tied to national security is just insane. I don’t doubt it, but wow

[@ddprepper5227]

Excellent report 👍👍👍👍👍👍

[@MaritimeSunset]

This guy is right.

[@arthurpowers3724]

What a bracing, excellent interview, David Lin, of Luke Gromen. Thanks! [Denver, Colorado]

[@Paul-dorsetuk]

Thank you, Luke. You dont have to do this, but you do. I would hate to miss an episode!

[@erickf899]

Excellent interview as usual!

[@martinmcdade3433]

Maybe the best interview I’ve seen you do the last 5 years

[@mccannger]

The question for me is will GDX go up before or after it goes down?! It's on my market crash shopping list. Till we have clarity on the possible recession situation, happy t-billing and chilling with plenty in gold. Patience is a virtue in this economic setup.

[@Therealfrankshady]

One of my fav interviews. Nice job David!

[@petes6521]

Great guest. Thanks

[@sinaudioboutique]

“The problem with experts is that they do not know what they do not know” - Nassim Nicholas Taleb

[@jaycolucci5989]

Awsome Interview Ty to both host and guest.

[@stevehall9471]

Inflating away the debt means $15 for a loaf of bread and $20 for a gallon of gas

[@cultleader3572]

😂😂 good

[@Christine-wp2bw]

Since the debt crisis could unleash carnage on the stock market, We need to be prepared for potential market volatility. how can I reallocate funds to secure my portfolio of about $800K ?

[@SaintYvess]

High government, corporate, and personal debt are all contributing to the instability, creating a perfect storm. You should contact an expert to help you allocate stocks in your portfolio.

[@FelineAirstrip]

I talk a lot about how important it is to have an advisor.This kept me afloat and increased my $450,000 portfolio by 48% in just 4 months.They have strategies that are tailored to your long-term goals and your desired financial situation.

[@JordanReam8186]

Pls who is this coach that guides you? I’m in dire need of one, my stock portfolio is declining even in a bulll market.

[@FelineAirstrip]

Yeah, she is Victoria Louisa Saylor , look her up. Anyone is free to contact her.

[@Redwood4040]

I’ve just looked up her full name on my browser and found her webpage, very much appreciate this

[@bigqueue]

I think everybody misses one thing about the US dollar. It is true that every US dollar is essentially a debt. That is to say it was wheeled into existence by somebody taking a loan. But, typically when a business takes a loan, they're doing it for productive purposes. That is to say that business is going to use that money for something in its productive process in order to sustain and grow that business. That is to say the dollar allows further growth and that growth is what pays off the debt. The problem with not only government debt, but the debt of zombie companies is that that debt is not particularly productive. That is to say it's taken out, but it's a bit more like a Ponzi scheme where it relies on future debt rolling and growing to basically pay off the past loans. I think this is generally the case for government debt, not necessarily the Ponzi aspect, but the idea that the government debt does not generally boost output or productivity. But the general case is that the government is able to tax individuals and businesses that are in fact growing the pie and so the payment of typical government debt will still come from productive growth. But, when the government simply funds its debt by rolling over more debt that is to say continuing it's deficit profligate spending, then it becomes clear that it isn't the productivity of taxpayers that's paying it off, it's essentially uncontrolled money creation.

[@efcanalytics1330]

Hey, David Cangratulations this is a great interview. The interviewee is also very clear in his thought process. The problem is very obvious butvthinking through it is not as much. As an Argentine citizen I have seen this several times in my lifetime allow, this altogether resembles the typical Argentine crisis but this time with worldwide consequences. The decision between cut spending or inflation seems quite obvious.

[@Marine_ah]

Luke is a chill guy.

[@rodpetrie1088]

Awesome interview, interesting perspective and learnt lots from this 45 minutes of listening.

[@tp1gav]

the man speaks the truth

[@lbafs1530]

Really enjoyed this interview. Really helped gaining a deeper comprehesion of how the system works.

[@FusunTumsavas-cq7tp]

In these unpredictable times, it's crucial to manage money wisely and invest prudently. My $240k reserve has been idle with little profit not increasing more than 5% and people are predicting a crash, inflation is eroding my savings. I need a solution to protect and grow my funds.

[@RossiPopa]

Agreed, despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k, and I've so far made a fortune. I'm now buying real estates, gold and silver as advised by my FA.

[@mohican-jx6fx]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation

[@RossiPopa]

Monica Shawn Marti is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@mohican-jx6fx]

Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

[@calledoutboughtout5717]

I'm expecting a bit of a correction, too. Holding onto cash to buy houses & BTC after the next shakedown is my ambition......time will tell if it's a good move or not. Meanwhile 5.2% annually is all I'm getting while waiting.

[@TerryAShaw]

Good talk, thanks David + Luke.

[@skijay2010]

the gaping hole in western economic theory is that it doesn't really understand the limitations of monetary and fiscal policy, do austerity all you like but if your economy depends instigating and fighting wars because you need to conquer instead of signing mutually beneficial long term deals with other countries around the world, you're fighting a force in nature you stand no chance of winning. people desire stability in the long run.

[@bellakrinkle9381]

Where are the Bond Vigilantes? Bought off?

[@nneisler]

No economic benefit to fighting wars these days - not for the overall country.

[@contemplating1015]

Failed experiment of Keynesian economics by the so-called academics.

[@junktex]

@@nneisler Oh there's economic benefits to the politicians and banksters who finance these boondoggle wars like the 20 years we spent in Afghanistan.Now we have our proxy wars in Ukraine/Israel.

[@ssuwandi3240]

Trumponomics defied most of the policies typically ran in history. The reason you might think the mainstream media have attacked him in concertedly

[@justmyopinion9883]

I love listening to Luke Gromen. Wish I had enough money to be a client of his. 😊 Thank you for sharing this interview with Mr Gromen.

[@dillonc1900]

America and the US Dollar have already collapsed. Why? (1); The dollars purchasing power has been negative for awhile. (2); Real interest rates have been negative for quite some time (Yields have been lower than the real rate of inflation). (3) Unpayable debt (4) Unpayable interest on said debt. When you have a worthless currency, negative real interest rates, unpayable debt, unpayable interest on the debt & $217 trillion in unfunded liabilites.... you've already collpased. People just haven't figured it out yet. -Dillon Critique from what's THE DILL? (substack)

[@as2223]

Nah this is America we'll figure it out like always. We still have the best country with the hardest working culture in the world. We always figure it out.

[@nneisler]

@@as2223figure it out means taxiing assets

[@jensdanbolt6953]

(1) "Negative purchasing power" of a currency is nonsense. (2) Interest rates lower than inflation is not uncommon around the world. How does it prove the dollar in particular is collapsed? (3 and 4) What do you mean unpayable? All the due debt and interest *is* being paid, every year. The cost of doing so is a burden, like carrying extra weight on a long hike is an extra burden. The US government collects low taxes compared to most current countries and most of US history, and could raise them to "normal" levels a few years to cut some of the debt, but it would mean increased unemployment and reduced spending power of consumers in those years.

[@graceamsterdam5404]

🙏🏽 thank you gentlemen. Gained new insight: two ways to look at a currency. One transation. Two storage. Makes total sense. Can develop different strategies.

[@MikelAntonio-n6y]

Amazing content! I have been following your videos for sometime now, consistently kicking down Wall Street doors for two years now, I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if they're any short term opportunities I can invest in.

[@MeganGood-n4f]

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience. Reason I decided to work closely with an brokerage-adviser ever since the market got really tensed and the pressure became so much(I should be retiring in 17months) so I've had an brokerage-adviser guide me through the chaos, its been 9months and counting and I've made approx. 650K net from all of my holdings.

[@MikelAntonio-n6y]

Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?

[@MeganGood-n4f]

Gabriel Alberto William is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@MikelAntonio-n6y]

He appears to be well-educated and well-read. I ran an online search on his name and came across his website; thank you for sharing

[@slobodanmatic4918]

@@MikelAntonio-n6y Did he also mentioned that you are all scammers?

[@rohitkothari3890]

Excellent Analysis. Like the straight talk. 👌👌👍👍

[@MelissaBackland]

The truth is that people are finally waking up to the fact that our systems are breaking down in thousands of different ways all around us. Personally, the financial market seems like the only way to go with my long-term horizon (accumulated about $557k in earnings since May 2021), but if you don't have that time luck, it's a tough market out .

[@EmmaStevens-e4r]

Safest approach to go about it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert

[@JenniferRosenburg-v6q]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@Robbertskypes]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfoIlo allocation

[@JenniferRosenburg-v6q]

Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.

[@JBHus]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@anoopnair472]

Good guest again! Keep it up David 👍🏼

[@superstar5123]

great video thank you both

[@MikeFisk-r1l]

Excellent explanations to difficult questions

[@HectorYague]

Theoretically, Luke is right in describing the current Fiscal Dominance regime. He has, in fact, preaching this outcome for a few years in which the bond market is meant to explode on the long-end of the curve. However, in practice, the bond market is not materializing this outcome: bond vigilantes are NOT showing up and, in times of distress, market participants still seek refuge in Treasuries as oposed to demanding a higher interest rate. I dont doubt that, eventually, Luke's predicament will crystalize, but it will not be as imminent and one-directional as he makes it out to be.

[@greg.ocallaghan]

Because Luke only focuses on the US debt. He fails to grasp the amount of USD debt that exists in the rest of the world. USD’s that are owed by non-US actors to other non-US actors. So there will always be demand for US treasuries, as long as the dollar remains the world’s reserve currency. And to suggest it will be replaced, ask yourself: with what? The USD is like the English language, because everyone speaks it, everyone speaks it. One person may call out the problems of the English language, but just because you want everyone to speak something else, let’s say Portuguese, it doesn’t mean everyone is all of a sudden going to learn Portuguese.

[@davie2983]

Its about timming. Luke is not saying it will happening today.

[@simonkriznik3437]

​@@davie2983 prediction without a timeframe is useles. Even a broken clock is right some of the time. In the long run we are all dead, and all man made things turn to dust eventually.

[@Slama18897]

Luke is 100% correct. I've come to the same conclusion after years of watching the FED and markets on a daily basis. Its so hard to find any financial professional who will come out and state what should be obvious to every American, but instead is disquised by an abstract system of rules, institutions, and jargon.

[@DrBlood-cq2cm]

You mean ultimate collapse? Geez, Ive known that for years. Land, water, food, protection.

[@gargamel3966]

Amazing conversation. Good insight.

[@jaywhite9028]

If the purpose of the interest rate hikes was to bring down prices such as rent, home prices, stock market prices, insurance costs, food costs and many other things, it was an abject failure. So now lowering interest rates no doubt will make all of the above things and more much much worse. Just look at the price of gold, it says it all about the dollar being devalued now and in the future

[@pbrown0829]

The raising of interest rates was to slow the rate of inflation not for deflation and never was for that unless they are gonna go to extreme levels. How did you not know that

[@ssuwandi3240]

That's because the commodity price of oil is still adjusting I believe the Nov election will set out the direction. The gold is also trending higher because China is getting slow down too when inflation is boiling in Russia..

[@jimmyyue238]

Interest rate hikes did cause house price to fall, but rent, food prices and all essential stuff skyrocket in prices

[@thomasvarughese118]

Amazing conversation

[@Helen_white1]

The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenback. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...

[@Lewistonwilliams-f5i]

Gold might crash in a liquidity crunch, but many precious metal holders are prepared for this and unlikely to be forced sellers. The paper market would tank and possibly collapse. Hearing from an experienced investor who has overcome adversity is motivating. It can be scary when your portfolio turns red, but if you've invested in strong companies, stick to your goals and continue growing them

[@Kin-28-8]

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

[@Thompson-e7h]

impressive gains! how can I get your advisor please, if you don’t mind me asking? I could really use a help as of now

[@Kin-28-8]

'Jessica Dawn Walters' 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

[@berniceburgos-]

Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.

[@Rawdiswar]

Love this channel and love the guests!

[@thebigdumbmac]

Sounds like default and then war with anyone who disagrees. Oh and long lasting hyper inflation. Am I wrong?

[@drmodestoesq]

War? America is going to go to war with China or The Netherlands if they dump their US treasuries and buy gold? That's never going to happen.

[@somejohndoe3004]

That is two sharp minds right there. Well done gents.

[@eponaepona]

I keep asking you rhetorical question after rhetorical question to stimulate laughter 😂😂😂

[@tylerm2703]

Skeet jeet

[@mbombyru]

Please get Steve Hanke on with Luke. Be great to hear those two discuss their different outlooks on inflation.

[@StephanieG.Augustus]

Coming out of facing alot, I knew two things about the stock market: It caused the Great Depression, and the fastest way to make a million on the markets was to start with two million. And then the Great Recession happened only a few years later. So yeah, I wish someone had better explained it to me earlier in life. Having a good entry and exit strategy will make you succeed in the stock market.

[@pauline-o2q]

There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.

[@CharlesT.Foster]

Exactly, most of the investors pays more attention to the profit aspect forgetting that the market involves ups and down. securing your financial position requires lots of patience and proper education on the market so as to know the right profitable stock to buy and invest in. I made over $260k in profits, from just the Q4 of 2021. Investing in the stock market is most profitable when you understand how the market actually works.

[@JasonB.Chisolm]

I really acknowledge your comment, i have been trading stocks for a while now but i have not been able to make much. how do you achieve this feat?

[@CharlesT.Foster]

Her name is Stacy Lynn Staples can't divulge much. Most likely, the internet should have her basic info, you can research if you like.

[@Saviourtina-c4i]

Thank you for sharing, I must say, Annette appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call.

[@drkanchanroy]

Terrific talk. Thanx

[@FuqqYouTube-g6w]

Investors are so funny. They know the dollar and US economy is crumbling, but they will still suggest you invest in the stock market. For what? To make a pile of useless dollars? At this point, wouldn't it be a better option to buy tangible items? Land and gold?

[@RealROI]

Agreed

[@codyeynon8467]

Why do you think real estate prices have exploded?

[@multiplierfx6429]

You can use a lot of leverage for stocks.

[@nobodynever7884]

They been saying this since 1971. If you would have bought land and gold in 1971 you would have nothing left today. Land is taxed in dollars and beans can only be bought in dollars. At some point whatever you buy will need to be converted into a tradeable currency. Not gold nor land. Converting into stocks and back go gold and to land would have given the greatest yield since 1971.

[@PistolPete1984]

Great one David!

[@geraldwilliams6972]

Can't be avoided anymore one way trip going down.

[@hansgerber4278]

Smart brains using great knowledge , common sense and a great junk of sense of humour love it gents !!!!!

[@zenwisdom4259]

USA debt is unsustainable which will bring the fall of the economy and the country. To service 33 tr $ debt, we have to print more money which creates inflation, not to mention that soon there will be no buyers of US Debt.

[@cedricthehustler]

35

[@chrisbaldry4233]

Nice to hear some good logic, keep the accurate data coming.

[@jasontodt-g6x]

The US economy is already in recession. Any rate cut will not ignite inflation. The banks will tighten even more, all consumer and corporate credit lending. This is the beginning of a deflationary period for your assets. Stocks markets will decline, and stock values disappear in a blink of the eye. Businesses will begin layoffs in earnest which will soon be reflected in the unemployment rate and unemployment claims, to further solidify the recession. In fact, when the FED cut rates in Sept, it will signify that the Titanic is going under, and it will suck everything down. Retail and housing sales will truly decline as consumer hold off their purchases. The inverted yield curve will then turn positive, but remember, certain assets like stocks and Crypto’s acts as a hedge. Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 130k to a decent 532k in the space of a few months... I'm especially grateful to Milton Harper, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape...

[@jasontodt-g6x]

He mostly interacts on Telegrams, using the user-name,

[@jasontodt-g6x]

@MiltonHarper

[@AntonioMaurer503]

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience...

[@Phillipp-t1z]

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

[@blamemando428]

Building a good investment portfolio is more complex so I would recommend you seek Milton support. This way you can get strategies designed to address your unique long/short-term goals and financial dreams.

[@dlukton]

Another great discussion from Luke.

[@jonathanxxxx876]

Given the current economic difficulties that the country is experiencing, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.

[@Damncars456]

Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

[@Tsunaniis-j5l]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@Damncars456]

Melissa Elise Robinson is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

[@MarkusZweig]

She actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing

[@doctorG960]

WOW...LUKE IS RIGHT ON

[@raymond-i2v]

At the very least, I now grasp the concept of leverage. Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.

[@Charles-b3k]

Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .

[@Fred-w7t]

That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?

[@billwalton4571]

Gareth Soloway is the way to colossal gains

[@R-Woz]

I've watched this video with Luke three times now. This is definitely one of best informative piece of work on the internet right now.

[@MarkMark-ji6ts]

Does someone pay Lin to portray gold in a negative light. "I would say gold is the overvalued asset" please.

[@preciousmetals7114]

LOL Exactly .. with literally 10x the utility as any other form of money and central banks continuing to buy it up .. what a clown comment 🤡

[@eponaepona]

Excellent guest ! 🎉🎉🎉

[@rogerburn5132]

It's NOT "" Dollar centric system "". It's called Federal Reserve Bank system. . 💲💲💲💲💲💲💲

[@TrevorEMayo]

You obviously missed the entire points on dollars outside the US and the political reality of the bank needing to react to the whims of the American public.

[@rogerburn5132]

@@TrevorEMayo Believe me I didn't miss anything I already knew the topic very well. I know all about the US Dollar outside the US and this is about 35 TRILION DOLLARS. I know what Reserve currency is ( Petro dollars) I know about the treasury bonds and how it works. I know about Bretton Woods agreement 1946. The Gold standard and so on BUT you are missing the. Point all that is. Part of the USA. Federal Reserve Bank system. Because only. The Fed can print the Dollars. Federal Reserve Bank is private Bank created in the 1913 given the right. to print the Nation currency ( US DOLLAR) The Fed doesn't belong to the Federal government and has No Reserves in currency printing the dollars from thin air. Click of the button and dollars coming into existence.

[@defunctuserchannel]

DXY doesn't include any currencies outside the Collective West. Euro 57.6% Japanese Yen 13.6% Pound Sterling 11.9% Canadian Dollar 9.1% Swedish Krona 4.2% Swiss Franc 3.6%

[@nobodynever7884]

Japan is west?

[@jaysz6924]

Luke is head and shoulder above

[@TheKietNguyen-dy1dz]

Great information brother 👍

[@tlebryk]

Gold-backed system or Totalitarianism are the only two choices. Bitcoin may eventually get hacked.

[@Handelson]

I've often wondered about bitcoin hackability concerns...nobody talks about it or they say it's impossible..

[@JC-wj5os]

Analogy Equivalent to US will start mining asteroids soon thus massivley increasing supply of Gold plummeting prices. Dumb

[@Urza1234]

​@Handelson it's legitimately not possible with modern technology, or any conceived technology. The structural weakness of mining pools on the other hand is potentially a ticking time bomb.

[@rgg8044]

🎉Luke is the best

[@gavinbrinck]

are there bond expiries that are waiting to cash out ? like who's the biggest holder of long term bonds ? is there a chance that markets are being kept afloat, until the big players can take their chips and walk ?

[@jigmed1]

Damn thats a real good research topic

[@gavinbrinck]

@@jigmed1 ty, any leads to follow up on this ?

[@jigmed1]

@@gavinbrinck guess it’s a tight club and we aint in it 😅