Things are so bad, central banks are doing something never done before - Jim Bianco

[@mostawesomedudeever1]

Things are so bad because they planned for it to be that way.

[@savagefist1029]

Exactly. It's like asking the average person about inflation as if it is normal yet can't grasp it is a hidden tax.

[@huwhitecavebeast1972]

EXACTLY!! People need to get their heads unf*cked.

[@jessyjames7508]

I actually agree with Jim, for once. First of all, DON'T FIGHT THE FED. Secondly, ethereum will become uncorrelated to equities, but probably not bitcoin. Thirdly, David should ask Jim more questions about bonds, because BONDS are gonna screw up EVERYTHING for traders and investors and pensioners.

[@ca6360]

That is their sustainable "development" for them

[@curioussand1339]

I'm based in Europe and I can confirm the high electricity prices is killing businesses, literally, which is highly dependent on electricity. First in line is businesses as bakeries and greenhouses. The public is rejecting the higher prices, so price hikes on their products is not an option.

[@M.S-Music]

I can tell you that this is all planed and by design.....

[@ragarjondem4124]

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[@setaroper2942]

When exactly did the European public vote to pay higher prices for energy ?

[@ferkeap]

@@M.S-Music 🤧

[@ferkeap]

Any business with high gas for temp or as a base material. Melters and fertilizer companies are going into sleep mode for 6 months, winter. Geothermal, heat pump, solar pv and thermal and biogas are doing really good.

[@tomm9817]

David Lin - you always do a great job in your interviews. Thanks.

[@summertime24133]

David starting to get fat, needs to hit the gym!

[@thinkcasting3182]

David has a weak feminine appearance, why??

[@mikehawk4856]

Today was a great day to buy a bar of silver

[@johnbirman5840]

Can we PLEASE stop referring to China as an emerging market! It’s emerged.

[@ragarjondem4124]

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[@marekkolenda2803]

Fuel prices drops before November election and strategic reserves get empty.When government starts buying oils prices skyrocketing

[@smsmoof8128]

not to mention demand destruction is also asset destruction and job producing destruction ... cant wait til these voices are wondering why there is a real insurrection descending upon DC. Next in europe, local politicians hanging on Lightpoles in Europe.

[@shaunsprogress]

Oil is rapidly becoming cheap!

[@peterburke8650]

There selling Australian oil that we bought and stored in your reserve when oil was minus 20 dollars a barrel.

[@marekkolenda2803]

@@shaunsprogress Wait to November election and after this

[@ebythebeach]

Yup, oil is going up up up... And this brief retrace won't help Dems

[@Peter-MH]

Kitco just the great guests coming! Excellent interview! 👍

[@ragarjondem4124]

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[@farmerdude3578]

I’m in the other camp. I think inflation has not peeked. Going much higher .

[@catliath5384]

Didn’t truly start on energy in the states…except for Cali.

[@arachosia]

Well, nobody knows. Lots of different opinions on inflation. Let’s hope it has peaked though

[@tcpwiz1]

Depends where you live. Think Energy and Food.

[@slobodanmatic4918]

It surely didn’t peak, they managed to bring down energy prices, but it’s most likely only temporary

[@williamwallace6508]

you cant have been paying attention to any of the data

[@ElliottWavesCharts]

David Lin, we like this guy Jim Bianco, excellent view, love you David, love you Kitco ❤❤❤

[@robertarnoldburghardt2470]

Absolutely top-drawer dialogue. Jim Bianco has been an insightful analyst over several market cycles. I’d like to see him on every couple weeks - and you’re the only person around who can draw this broad take from him without wasting time, David. Thanks.

[@ragarjondem4124]

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[@peaceandfreedomeconomics8984]

It sad to see such a smart guy like Jim waste so much time researching these crypto pyramid schemes.

[@agingchill9012]

Nasdaq Nov 30, 2021: 'Bitcoin Is The World's Most Efficient Value Settlement Network ~ settling more than $60 trillion in transfer volume to date.' The Dailyhodl Nov 30, 2021: 'The Bitcoin network processed an estimated average of $489 billion per quarter in 2021. PayPal processed an average of $302 billion per quarter in 2021.' Blackrock Launches Blockchain ETF Goldman Sachs Offers Bitcoin Backed Loans Fidelity offers 401(k) investors access to bitcoin Fidelity Crypto Industry and Digital Payments ETF (FDIG) Fidelity Metaverse ETF (FMET) Fidelity Advantage Bitcoin ETF Fund Grayscale Bitcoin Trust (GBTC) WonderFi announces conditional approval to list on the Toronto Stock Exchange Buffett's Berkshire Hathaway invests about $1 billion in a crypto friendly Brazilian neobank

[@JJ-on8xl]

Pyramid schemes🤣🤣 you are ngmi!

[@john99776]

Reseves are NOT enough to last a winter. They're only 23% of those needs when completely filled. They are RESERVES, not a total supply.

[@bullishforgold8790]

It's all over. Buy gold!!!

[@DougSmileyVirgo]

Jim has become one of my top two or three macroeconomists on KZbin.

[@dehydratedrhombus2473]

Same. Tom Luongo is another. Who are your other 2 out of curiosity?

[@drcandor]

Guest explains things very well making it easy to connect the dots as Jim covers all the bases, keep him on your list, excellent session. . . :>/

[@gee1777]

Dollar reserve currency status is precarious at best going forward, the world imply can't trust the poor US policy crap, including SWIFT.

[@RealJoshBinder]

New favorite guest, very easy to understand. Please invite him again!

[@belaubekiis]

The only inflation I worry about is the inflation of David’s single strand bang

[@numenessences]

LMFAO

[@samuiislandadventures]

🤣🤣🤣👌🏻 Was starting to think how tf nobody commented on that yet

[@hailandfire1822]

David? Goodness I thought it was Clark Kent

[@mounishvishnujai5318]

One of the best interviews of tour's David....and kitco keep it up guys

[@Moochy999]

Excellent interview. Bianco is worth a listen.

[@ragarjondem4124]

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[@yu-jd5jg]

The interest rate is not even 50% of the inflation rate. It is still a long way to go before just catching up

[@rubenaerts7284]

In Europe it's now about 7,5 procent of the inflation rate. So not even close to 50. Yeah, still a long way to go. Central banks just not doing their job.

[@fredtownsend9065]

I thought this guy was supposed to be smart ...

[@redman3863]

He is

[@sanpedrosilver]

Was gone for the summer and return to find David’s hair all GQ’d out! Looking slick ✅

[@dialecticalmonist3405]

Short squeeze the Fed. Take out more credit. They can't stop hyperinflation. That ship has long since left the harbor.

[@lrww5673]

I've seen Jim on Bloomberg many times and always enjoy hearing him. Having him on Kitco now is brilliant. Hope Kitco gets him back on real soon!

[@fubarbrandon1345]

In time the dollar will fall...as it should.

[@joycekoch5746]

Hell, I'd rather have dat Yuan wouldn't uz?

[@MikeyPaper]

Doomer.

[@fubarbrandon1345]

@@MikeyPaper Realist

[@m.talmagemoorehead]

Jim Bianco's ideas are accurate, as best I can tell.

[@setaroper2942]

yet he never acknowledges that the fed's only tool is psychology - perhaps because he himself is such a big part of keeping the fed relevant when they aren't for any other reason

[@m.talmagemoorehead]

@@setaroper2942 I've heard one academic make this claim about the FED, that they only exchange tokens with banks, not real money, and therefore the FED really has only one tool, the jawbone, which they use to influence markets through sentiment. I suspect this idea is inaccurate, but I don't know of any way to prove it one way or the other. There is this thought, I suppose: If the fed is only exchanging "tokens" with banks, how is it that the FED can save banks with non-spendable tokens that are not valuable to their bottom line in the real economy? Interesting stuff, wish I had hard evidence to settle the question.

[@LuisSaulny]

In some places in Hawaii the energy costs are about $800 to $1,000 in just energy to keep the AC running during the summer when it was before around $350, so this is already happening and will get worse in the winter in colder areas...

[@MrBluegrassfiddler]

The only real reserve currency should be gold and silver. Should be. Once upon at time, gold and silver was the world reserve currency. At some point, it must go back to that.

[@ragarjondem4124]

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[@ianbardon8581]

Mr Putin is of the same opinion.

[@juliesimoneau6996]

next step: recession, stagflation, printing more money, market explosion.

[@rd9102]

All great interview stuff until the garbage about crypto. Good stuff for the rest of it.

[@ragarjondem4124]

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[@heathstott]

David Lin, best hair cut in the business… his presence in this space is not bad either…😉 Thank you David.

[@ragarjondem4124]

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[@malmsteengreece]

Jim bianco is great

[@ragarjondem4124]

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[@oferfriedman5821]

Thanks you for your wisdem and vision, very smart things where said buy you 🌟🌟🍭🍭🤴🤴🙏🙏

[@ragarjondem4124]

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[@astralpx]

The reality is, We're not in Kansas anymore. Good luck.

[@robertoperaza2683]

Brilliant guest/ Great interview

[@ragarjondem4124]

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[@josephking7674]

Excellent interview, very informative!

[@ragarjondem4124]

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[@101starting]

It can last much longer than you think it is all about confidence

[@AK88.]

I like this guy! Many good insights.

[@ragarjondem4124]

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[@mrchad97z49]

he said the Japanese yen is getting smashed. According to Buffett, a weak currency is good...

[@articlesbox7502]

END THE FED!!

[@rons5319]

Asset prices moving toward real value is a very wonderful thing. The era of using the forced low interest rates gimmick to pump up asset prices is over.

[@rof8200]

That's only going to be the case until yield curve control to avoid depression

[@cameronrowe9267]

Rates will be cate again in 12 / 18 months

[@Hellya38]

1:42 how come I couldn't search any news on BOJ's 50 basis points move?

[@singaporeghostclub]

End the Fed - jail them baklnksters ✊🏽✊🏽

[@ragarjondem4124]

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[@Mike-hz4cp]

He is a great interviewer!!

[@missydeluxe3174]

He said the BOJ hiked rates by "50 basis points today".... really??? Last I checked they were holding the line at 25 bps on 10y JGBs.

[@mikeadvice2253]

Those who inveted this dollar system has biggest reasons to reject it.

[@rphb5870]

Inflation is NOT on the way down. Inflation (which comes from inflate) is an expansion of the currency reserve, rising prices, (which is often confused with inflation) have a delayed reaction to this, but the prices needs to compensate for the inflation. And there is a hell of a lot more it needs to compensate for.

[@huwhitecavebeast1972]

Yup. This guy is blinded.

[@rphb5870]

@@huwhitecavebeast1972 the sad truth that people need to relearn once again is that governments cannot give them anything. Everything it gives it also needs to take, either directly though taxation or indirectly though inflation, but the bill always comes due

[@freedomiseverything2682]

Brilliant interview.

[@ragarjondem4124]

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[@88peyote]

Jim! Jim! Jim!

[@justink1926]

I am from europe, people are paying enormous amount for there energy bill. Alluminum production is shut down because of high energy price’s

[@MrEnky007]

This is gonna be a cold winter, see yall on the other side 💎✋

[@ticker3132]

Thanks fellas, raging.

[@livinginitaly16years80]

Another Great guest good info👍

[@autto101]

no alternative currency?? lol… wishful thinking

[@tanyab5469]

Of course! CBDC will be new currency.

[@MrEnky007]

Monopoly money 🤑

[@Xtina2525]

David!! Let's go! 🙂

[@johnschnee3934]

We are Saved by Grace Through FAITH NOT WORKS. Salvation is a free gift from GOD given to those all who will believe LORD JESUS CHRIST DIED AS A SALVATION LAMB for our sins by the BLOOD OF LORD JESUS CHRIST HIS BLOOD CLEANSES Our Sins (WHEN YOU BELIEVE IT)!

[@johnbracken7032]

Why doesn’t Jim B like gold?

[@robertpritchard4681]

They've never done 275s before this year will they really do three in a row???

[@marlondlee8740]

I wonder if this gentleman read Ray Dalio book the changing world order.

[@ragarjondem4124]

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[@MrWashraf]

Agree. Central Banks like Fed and ECB are tightening the markets and thus their economies, even the entire world's economy.

[@rkalla]

Excellent interview

[@musicislife2000]

I want Jim to be my Financial Advisor great episode

[@kemirdemir_fanpage]

Thank you for the update AMZP2 is done right, and waiting is part of the process,

[@d7r_tv]

The moment he opened his mouth to talk about ETH vs BTC. facepalm.

[@marcschloss1682]

Lyn Alden has 2X Twitter followers of Bianco possibly because her engineering science background combined with her Macroeconomic analytical skills are superior. Lyn has written to subscribers that ETH after the merge is a centralized casino suitable for gambling while BTC is slowly building mass adoption consistent with Metcalfe’s Law. Who is better positioned to advise which is a better long-term (3-5 years) investment Lyn or Jim?

[@ragarjondem4124]

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[@jack13600]

Nice interview David ! Bianco nice pick

[@metavinci427]

That’s a bold prediction of divergent markets

[@eddiec.9477]

David, you are a beast of a host. Very well dressed, too. Love this channel!

[@TheBmaccord]

I almost like this guy comments, if he was into reality, the dollar is finished, look at UAE, and other estates replacing the dollar, look at the russian advance in ukraine, look at the sucessive massive usa spending. This is the end, it will take some time, but listen to Ray Dalio, this is the end. Or the beggining of a great war. I admire a nationalistic speech, but this is it, just a nationalist saying his currency is the best.

[@jamesblazen3023]

Bianco is usually wrong. A massive asset bubble is bursting and that means deflation will be a worry next year.

[@ragarjondem4124]

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[@sandigamer8955]

2% goal said the transitory man 😅🤣😂

[@pekkarousu3616]

No. The European gas "reserves" are just 20% of winter gas consumption. Gas doesn't stop during the winter. The reserves exist in case of problems with the gas pipelines. How the hell can you be so badly informed??? If gas stoppes coming the gas reserves will soon be empty. Existing gas in the reserves is 80% of 20%, about 15% och winter consumption.

[@TheSjh196]

What’s with the curls ? Looks funny

[@tanyab5469]

Adds more sophistication, lol 👍

[@wkdewok]

Billie Jean's not my lover...

[@billyhomeyer7414]

Where’s the drab blue tie? Does a better job than I ever could 😇

[@recession-rq8fd]

I heard he lost a bet and got a Jerry curl

[@koltoncrane3099]

The BRICs doesn’t have to replace the dollar. It doesn’t. They just need to agree on something to settle trade between themselves and whoever joins. That’s it. If Russia and Saudi and China and India agrees on something they don’t need to buy and sell energy in dollars. Sure they’d need dollars to buy something from countries that don’t join the BRICs or whatever but they can reduce their reliance on the dollar

[@buddyoo4942]

Yes agree - they are already doing it

[@ianbardon8581]

I can't see them wanting anything from the west, they can find alternative s or do without.

[@sapienscircus9404]

ETH is owned by JP MORGAN

[@ragarjondem4124]

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[@chrisbytwerk3712]

Should we go back to gold/silver currency? I'm not an investor here, just an average consumer.

[@John-lc2lz]

Gold, silver and food

[@huwhitecavebeast1972]

Yes, but with ways to digitally transact it.

[@anisenkrill6179]

@@John-lc2lz And ammo. Don't forget the ammo.

[@Louis-ji3sn]

I guess this guy owns Bitcoin

[@farm53proten22]

They can’t stop gas for ever they will destroy their gas industry it just time game

[@jamcaseproductions8307]

Thanks buddy

[@rudymartinez7441]

👍👍👍👍Russia👍👍👍👍

[@anthonysimon8686]

Greg The drawing yesterday was really shitty. 😂

[@Y0uKnoWh0]

This interview started out weak but he really knocked it out of the park once he started talking about the Bank of Japan

[@bobolson7610]

I'm sad that Prince Charles will now be on the back of Maple Leafs, instead of the Queen.

[@Morpheus9000]

ETH lol....paying an arm and a leg is truly the answer!

[@ampiciline]

The best part of video if you are a investing on GOLD : 7:30 Jim STRONGLY belives that dollars is becoming stronger , hence GOLD price Will go down to 1600 or even 1550 by next 3 months ...

[@ragarjondem4124]

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[@maplenook]

Then dollar will crash

[@ianbardon8581]

No , Europe has not filled is reserve's, Figures has been manipulated.

[@fookchong6783]

Something did come up and all we need is the Saudi for selling their oil in other currencies. The flow is slow and torrent is on the way.

[@CyrusVatankhah]

He talked logic and then pushed the nonsense about BTC and ETH. There is no logical reason why BTC and ETH would decouple from stocks. You wanna see it happening but it's not gonna happen, Jim. They are simply applications of a technology; one is useless (BTC) and the other one is useful with many competitors (ETH).

[@ragarjondem4124]

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[@lonelyquant]

WOW !!! NICE HAIR !

[@joeytbonejoeytbone]

OIL/BTC would change the world

[@ragarjondem4124]

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[@stevencarlson5029]

Actually, the gas storage in Europe is small!! It was there to make it easier for Gasprom to help it keep a steady supply of gas IF there is a steady flow of gas thru a PIPELINE.

[@Picondcg]

Agree. The guest is not knowledgeable of the subject! Full reservoir makes for only 15% of the needed gas for the whole winter. Germany needs a steady flow of gas otherwise SHTF with everybody freezing and industry stopping.

[@Applepie409]

@@Picondcg valid point.

[@ericmilfeld221]

I expected Jim to break into a rendition of “Once in a Lifetime “.

[@ragarjondem4124]

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[@pekkarousu3616]

All CBs are hiking and doing QT. But politicians will anyway have deficits and will increase debt so WHO will lend money to them? That money has to be existing money, not freshly printed CB-money. Even if they raise rates with several percent the real rate is still -7%, -10%.... since inflation everywhere is so high.

[@JJ-on8xl]

Ethereum is awesome, Bitcoin is at top of S curve, $11K Bitcoin and pray!😂😂

[@DigitalKapitalist]

my gut feel is Fed will pivot. They have to show a good stock market come midterms.

[@overbuiltlimited]

David, your co-anchor is out of control! 😂

[@ragarjondem4124]

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[@daniel51404]

The guy from kitco looks like he had a rough week. 😆

[@ragarjondem4124]

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[@ianbardon8581]

🤔🤯

[@mtman2025]

But David's hair though. Wtf can I even do with that?

[@numenessences]

Canadian Ozzie Euro Chinese NZ US housing crashes all at the same time? Zoinks!!!