We Are Entering “The Lost Decade” - The Economic Collapse of the 2020’s

Over the last few months, businesses have been put under extreme amounts of stress to say the very least.
The lockdowns have forced some businesses to completely shut down… and others to remain open, but with significantly less revenue.
This has caused many companies to take some financial actions that they would normally never take.
And that is why we are seeing the creation of a new economic crisis. A crisis that will affect millions of people around the world…and yet most people don’t even know what it is…
(This is the Zombie Economy).
What country do you think had the wealthiest citizens in the year 1990? Was it a great Western Power Like the United States or the UK. Maybe it was a Nordic country like Norway or Sweden. Could it have possibly been the economic powers of the Germans or the French?
Well none of those are the right answer. The wealthiest people in the world out of all industrial nations in 1990 was actually the Japanese.
You see World War 2 decimated large parts of Japan, and took out and estimated 40% of its infrastructure. However, this devastation allowed Japan to rebuild their entire economy from scratch. They rapidly built modern factories throughout Japan, which gave them a massive advantage over other nations who’s factories were old and comparatively outdated.
The country also began to through an era that was called “the gifts from heaven”.
This is was an era in Japan where within the span of 3 years…all of the following things happened.
Japan became a democracy, Workers got labour rights, women got the right to vote, farmers were allowed to own their land, general society liberalized, and expansion of private businesses were allowed.
All of these reforms combined with other factors like extremely high productivity, led to Japan becoming an economic superpower where during parts of the 1980s, they had the second largest economy in the world behind the United States, and had they had the highest GNP per Capita out of all major industrial nations in the world.
But then…a major economic crisis would tear the economy of the country apart.
You see, in the 1980s, Japan made some financial reforms that seemed good at the time, but would end up creating their first modern financial crisis in the countries history.
In 1985, the Plaza Accord doubled the exchange rate value of the US dollar versus the Yen. They had strict tariffs that encouraged people to save money vs spend money. And lastly there was excessive loan growth quotas created by the Bank of Japan.
All of these factors led to a speculative asset bubble in Japans economy. In fact from 1985 to 1989, The Nikkei 225 which is the major Japanese stock market index…saw a 218% gain over that 4 year period. That was arguably the biggest bubble for a major economy in the history of the world.
And of-course…in 1989, that bubble began to burst and the stock market crashed. And it crashed so hard that to this day, the closing price of the Japanese stock Market has never surpassed the peak that it reached in 1989.
And this crash radiated throughout the japanese economy.Unemployment spiked, GDP growth went negative, and a ton of giant companies were left with tons of debt, and little to no revenue to pay back that debt.
And this was the creation of what became known as zombie companies.
What happened was that a large portion of japanese companies were loaded with debt and could not pay back their debt in full…but could pay back essentially the bare minimum to keep the company alive.
And what this meant was Japanese companies had to take on more debt or get bailed out by the Japanese government in order to get by.
But the trouble was, that even though many corporations got bailouts or took on additional loans…these companies were too debt ridden to survive in the long term.
So pretty much these companies were loaded with debt, and were already dead, but were acting as if they were alive. And that is why they were called zombie companies.
And the creation of these zombie companies were the largest contributing factor to Japans economic decline over the following decade. A decade that would become known as “the lost decade”.
Discord:
/ discord
My Gaming Channel: / @attikagames1160
Want some Advice? Ask Me on Reddit!
/ jackchapple
My Personal KZbin Launcher Course
jackchapple.mykajabi.com/YTL
My Personal Investing Course:
jackchapple.mykajabi.com/SMM
Personal:
On Tik Tok: @jackchapple
On Reddit: / jackchapple
On Instagram! / jack_chapple_real
On Twitter! / jackchapplesci
On Facebook! / chapplerei
CONTACT:
For Collaboration Inquiries ONLY: [e-mail]
Podcast:

[@JackChappleShow]

Hey Everyone! Damn 321K Subs! Thanks everyone!!! What do you think of the lost decade and zombie companies? Let me know down below ⬇️⬇️⬇️

[@maven8653]

You grow continue with contreversional topics they go viral😄

[@user-ph1cd6ri7t]

Keep us informed

[@MrRediron1]

kzbin.info/www/bejne/nJaQnIWhYt5lq9U Jack give this a look they threw a George Floyd dummy w/no legs into that ambulance

[@MrHollibaugh]

This is why the fed is buying stocks bonds to deflate high bond ratios to prevent zombie companies.

[@realdream1463]

It all depends on the FED

[@cronical246]

Me as a child: Lives through Economic Collapse Me as an Adult: Yet another Economic Collapse. Lmao

[@chickenhawk8591]

Bet ya thought it was over huh

[@Nzzertral]

@@chickenhawk8591 I'd say if I had a dollar, but the economic crisis's doesn't allow for it

[@BladeMasterIcarus]

@@Nzzertral let’s face it if u were given a marble sized piece of platinum every time this happened. U would own the world’s entire supply of platinum.

[@superbananas7792]

I mean Capitalism is incredibly unstable so

[@muda1312]

@@superbananas7792 yea boom and bust and all that

[@beaterbikechannel2538]

The 00s were the party. Now is the hangover, comedown, positive STI test result and the "I'm pregnant" text message all rolled into one.

[@infinite683]

I dare say the 90’s where the party, the 00’s where the hangover, the 10’s are the pregnancy and STI scare, and the 20’s will be the realization that the stripper also stole all your money from your wallet.

[@beaterbikechannel2538]

@@infinite683 haha that's a good one.

[@shezyam460]

@@infinite683 and bank account too lol

[@BrianAwesome]

@@infinite683 90s = Party Early - Mid 2000s = After Party Late 2000s = Cool down period

[@jccanizal6410]

More like the 80s was the party and 90s were the hangover

[@stuckonaslide]

millenials: we had a once in a lifetime economic crash the 2020s: there is another

[@henrybleisch9025]

There supposed to happen every ten years on average but this is old info its just not front page news but its been known for while... People need to economic history in high school but that would make people vote for new parties and change the government...

[@muda1312]

@@henrybleisch9025 yea the boom and bust thing is honestly fucking disgusting, and considering how American capitalism is going there will be a terrifying truly once in a life time collapse

[@zhivix8263]

@Kazumaf China is coming

[@mainemail5506]

And probably another one in 2021 I've heard because the USA is reaching it's debt limit

[@i.9057]

@@mainemail5506 yessir just running out of money

[@lolzize8208]

If a century ago was the roaring 20’s, then this is going to be the weeping 20’s

[@cryptoberto8077]

My fellow 20 year olds have ya heard of crypto? Lol thank me later :)

[@cryptoberto8077]

@Squiddy FancySon no lol cryptocurrency like ethereum

[@DeadTalent]

Calm down this aint the 1920s technology affords comfort on a scale never seen. We fking gooooood the 3rd world tho..

[@lamarravery4094]

The teens weren't that great either, as Trump will have you believe.

[@danielgruder9180]

Well if things really turn out like that, at least we can be optimistic about the 2030s

[@norashaaban3536]

Honestly as an 18 year old whose educational system doesn't teach her about global economy, economics, finances, or anything business related, I find your videos understandable and quite educational so thank you for your work.

[@Jaapst]

@Haters toh jalte rahege hello

[@OppoRancisis]

Every business and financial situation is different, school can’t teach you everything even if it tried.

[@eliasrosa1566]

Go to Khan academy, you can learn for free.

[@AndrashSpooshkash]

Dear Nora, the two economists who understand the global economy and are non- political are Joe Stiglitz and Nomi Prins. They both have lots of video and some great books. Both are articulate and speak in simple terms - except when explaining the bond markets. (at least so I can understand the bond markets)

[@constantlymakingguwop2293]

Facts same here as a 21 year old from the bronx

[@thepriestpucci4988]

Me a 19 year old looking at the past Years events: "Oh yeah it's all falling apart"

[@anthonyedmonds1968]

*always has been meme*

[@sarbnitrof4663]

Me a 29 year old look at the past Years events: "we're falling apart?"

[@GucciPucciMIH]

It might be a good time to achieve heaven

[@sarbnitrof4663]

@@katyjuno420 return to the basement from which you crawled.

[@quirinoguy8665]

Haha, we are screwed.

[@BateserJoanne]

Recessions are an inherent aspect of the economic cycle, and the key is to get ready and adapt. I entered the workforce during a downturn in 2009. My initial job out of college was as an aerial acrobat on cruise ships. Presently, I hold the position of VP at a global corporation, own three rental properties, invest in stocks and businesses, operate my own company, and have grown my net worth by $500k in the past four years.

[@AlexanderDanielley]

With supervision from an investment advis0r, I diversified my $401k portfolio across various markets, resulting in a net profit of over $850k within just a few months, thanks to high dividend-yielding stocks, ETFs, and bonds.

[@ClementRusso2]

How can I get in touch with your advisor? I'm interested in finding a more effective investment strategy for my savings.

[@AlexanderDanielley]

My financial advisor is Stacey Lee Decker, a highly qualified expert in portfolio diversification. Research her credentials, she's a valuable resource for financial supervision.

[@Rodxmirixm]

After reading your insights, I researched her full name and found her online webpage. Unfortunately, my portfolio took a significant hit, so holding it longer seems unwise. I will look to schedule a call with her.

[@muhammedtugra5943]

"we are taking the L in this period of time." -charles von bonguéious

[@jeandelenfant]

It is always socialism for the rich, capitalism for everyone else

[@The-Enclave]

Better then socialism for everybody.

[@VX-cy4du]

@Daleene Korkadji that makes zero sense

[@nicolasm400]

employees are rented, temporary wage slaves, even more disposable than actual slaves

[@tonykari5124]

Yes it is

[@jeandelenfant]

Someone else said it better: socialise losses and privatize gains.

[@keithstewart934]

"I'm not saying we're going to go through a lost decade..."; except that it's the title of this video.

[@ulyssesromero2449]

7:15 the exact same comment I was going to put, plus the minute that he said it.

[@keithstewart934]

@@ulyssesromero2449 😁

[@danielsmithiv1279]

Its gonna be worse. It's gonna become, "THE LAST OF US"

[@prodbywalkzfatpercentage9487]

Keith don’t worry you most likely be alive at the of this decade lol

[@Justostar9]

Well, he said specifically, "not saying we're going to go through a lost decade LIKE WHAT JAPAN WENT THROUGH"

[@elcompagenito3250]

Me a 15 year old: *This little miscalculation is going to cost me 26 years*

[@ericglenn9984]

Life's not about money unless you make it about money

[@elenab1337]

@@ericglenn9984 No. But it is about being able to survive 🙄

[@ZeroThyStrange]

@@elenab1337 And survival mostly depends on money

[@-avalon-9440]

@@ericglenn9984 he wasn’t talking about money, he was talking about time

[@anthonycoleman1181]

It's amazing how the world runs on debt. There has to be an end somewhere. People need to get ready for the great fall. It will hurt everyone for many years to come.

[@zonyae29047]

Its gonna be time for the world to be afraid if (or when) the US sinks so far into debt that we fall into finnancial ruin ourselves.

[@stylz7599]

Sort of. It can't fail. It's not possible for it to fail. When you're dealing with a fictional currency you can can just make more of it. Monopolizing your own finance is what we have done.

[@trollge5132]

@@stylz7599 “it can’t fail”, if it’s a human creation, we will find a way to f*ck it up, I assure you

[@stylz7599]

@@trollge5132 It's value is literally determined by what we set it as. We'd have to purposefully and knowingly fuck it up. Not saying that isn't possible, but it won't crash unless we want it to crash.

[@TY-km8hj]

@@stylz7599 facts. As long as those in charge want it to continue and the ppl under them allow it to, the system will survive in some form or another.

[@claudermiller]

I was a zombie person. I was making minimum payments on my credit cards and kept accepting offers for new cards. Eventually I declared bankruptcy and have paid every bill in full for 20 years now.

[@f.t.wibowo5260]

@First name Last name IMF i guess...

[@JP212nyc]

sorry, but you were a fool. you could have declared bunkcruptcy and just walked away from your depth. that's what big banks do. in your case, you might not have been able to hold a credit card for a few years but so what?

[@rayharth183]

@@JP212nyc I think he mean after going bankrupt he now pays all bills in full, which I have done the same I no longer pay bills on credit

[@callmeacutekitten3317]

It's almost like irresponsible spending can cause you problems in the future 😯

[@FRWD_FXLRST]

The government should never bail any business out.

[@jmitterii2]

When the businesses own the government, literally are the government, good luck with that. They'll live in zombies getting more money than we peasants pay in our taxes with money printer go burr, but to keep us in line, if for anything else we'll still be taxed to the hilt despite the dubious paychecks; the past decade was shit for the median income earner. This one looks like something worse than shit.

[@charlesbrown9213]

@Luau_KL - If we lived i a perfect world, the inflexible, dogmatic statement might be a reasonable policy position. But we don't live in that world. In THIS world, many businesses will receive govt assistance because they are deemed "TBTF" (too big to fail). We saw that with the big banks in the GFC. In this C0vid crisis, the aviation industry -- including Boeing & the airlines -- is being bailed out, for reasons of a)national security & b) foreign airlines who would replace the US carriers, are often backed by their foreign govts. So, we live in a world where taxpayer dollars WILL be used to bail out "the Big Boys". Given that, in the interests of equity, smaller businesses should receive similar govt support, for some limited amount of time

[@despairgaming6669]

Govt should bail out the strongest or say fundamentally good.

[@qjtvaddict]

jmitterii2 time to leave when you can

[@chrismoderate3495]

@@qjtvaddict Yeah we all better leave this place and travel with Musk to go to Mars!

[@TheIndigodog]

Zombie apocalypse , just not like how we imagined.

[@S1mcard]

Exactly

[@nutterbuttergoat3203]

Ikr now we will never get to show the walking dead writers how a zombie drama is really done

[@l0kk016]

A big problem with the current politic scene is that you can't make "impactful" changes like what was mentioned in the video, because if people lose their jobs everyone will blame your decisions and you won't have public support, while if you keep it "slowly declining" it's more likely that you won't be on charge anymore by the time the problems show up.

[@snowframe2995]

Wow

[@18pluskiddo]

That's the issue with Democracy. Only voting someone in for 4-5 years creates a short-sighted government supported by a short-sighted populace, and all that with absolutely zero accountability. For all the flaws behind dictators and monarchies, they were at least held accountable. And being in power for decades meant a bigger focus on the long term.

[@l0kk016]

@@18pluskiddo this is just one of the issues, even tho it is the "least bad" method that we came up with so far it doesn't mean it's perfect, and it is ironic seeing people defending the flaws of democracy so fiercely, as if it was perfect, just like people probably defended monarchies back then...

[@18pluskiddo]

@@l0kk016 ultimately the form of government matters less than the people's ability to protect each other's rights and liberties and to resist government tyranny. I wouldn't care what form the government is if it's decentralized with the decision making as close to the community level as possible. It isn't fair for highly populated communities to be making the decisions for a whole nation nor is it fair for a very small oligarchy to be making all the decisions for the whole nation.

[@hurrdurrmurrgurr]

@@18pluskiddo Being held accountable doesn't mean much when the damage is done. Former Dictators can be jailed but it won't bring back all those they genocided, the Soviet Union can collapse but it won't restore the Aral Sea, Bolsonaro can be one day punished but the Amazon will still be gone. Rulers for life have the potential and power to do great things for many decades but they also have far less stopping them from making disastrous decisions. Personally I'm hoping AI will one day take over global governance, I no longer trust any form of human rulership in the long term.

[@micaelg4230]

Millenials: We´ve had a "once in a lifetime economic crisis" yes, but what about a second one?

[@HashbrownMashup]

Zillennials: Story of my life, man, story of my life.

[@katrinaumana2127]

I'm Xiennial. As I was an older Millennial the crash worked in my favor as I bought my 1st 🏠 for $105K in 2011 sold it for $270K this year. Stake your 💰 if you can.

[@sanjaykakurla4256]

I like Pancakes The economic crisis now is way worse than previous crisis’

[@sanjaykakurla4256]

I like Pancakes numbers speak for themselves

[@miltonvoight3374]

Millenials: You always have your boomer parents to leech on.

[@almisami]

We've been seeing economic stagnation for everyone but the 1% since 2008, dude.

[@jinjunliu2401]

depends on the country you're in

[@NoobsofFredo]

Really, at least here in the US, it's more like the 70's.

[@r.chavez5513]

@@NoobsofFredo thank the federal reserve and there monopolys for that

[@tonkasergej6677]

Well no, in Czechia having new car and own a house was considered luxury in 2000s now it's way more common

[@janiemiller825]

Total truth / well said 👏

[@EdmacZ]

Three years in and the decade is lost. And you have no idea how much worse its going to get.

[@Mychinisfamous]

As Gerald Celente predicted in 2019, 2020 is the year that the "Greatest Depression" begins.

[@billnjeanengelmann2895]

Matthew Martin by

[@bluurrrppbleeepboooop4425]

Trends journal, I love Gerald

[@bluurrrppbleeepboooop4425]

Matthew Martin and now it’s hit, the economy is over, all hell will soon break loose. Don’t be scared of it, embrace the fact you knew this before it happens.

[@miltonvoight3374]

Right. Because we have a generation of non-producers and whiners coming up.

[@miltonvoight3374]

@Silver PHYZZ So what will I do with silver? stacked or not when no one needs it for anything?

[@shreder89]

you must also take into account that the decline in japanese growth may very well be primarily due to their population decline. Japanese population has stopped growing since the 90's and has been decreasing since the 2010's. You can't have much economic growth if your population decreases over time. The model of exponential economic growth requires population growth, otherwise you lose your consumer base.

[@caralho5237]

Japanese population has decreased but their levels of automation have increased. They dont need the same number of people to keep things working

[@evadietz7359]

The US is seeing their population decline. The average family has 1.9 kids as opposed to 2.3 in the 1960s. And in many other western countries they’re either breaking even or decreasing as well.

[@sefranlangan3985]

while I'm sure that fits under an economic principle people need money to consume and just because there are more people doesn't mean there is more money?? Seems like a fallacy to me.

[@legrandliseurtri7495]

@@evadietz7359 No, because the immigration compensates for the lackluster birth rate. Japan refuses to get immigrants so they're in huge problem.

[@Finneagan]

Their own country is only a fraction of their consumer base. Japanese products are sold all over the world.

[@msoldate]

You forget that America solves its economic issues by finding a war to get into.

[@danielturner9832]

That solves no issue only sealing the doom ever tighter.

[@thelouster5815]

daniel turner *looks at WW2* Yeah.... only doom.

[@Jackrobert28]

@@thelouster5815 That's only when you destroy the productive country

[@Jackrobert28]

@@danielturner9832 not really

[@msoldate]

It doesn’t solve the issue, it’s what America does.

[@JeepPatriot2010]

We are going to go through much worse than the “lost decade” of Japan

[@dominatorandwhocaresanyway9617]

All i can think about is this : China will sadly grasp on the world economy even more, and estabilish even bigger infulence over the free world.

[@YourPalKindred]

Agreed. The only way to win is to not play.

[@overomanlord2214]

as I understand it will be the Chinese economic bubble that will trigger the economic recession. I think they will be the first to "die"

[@Fr00stee]

Not really. They fucked themselves over by shitting on other countries for no reason and ruining their foreign relations. The pandenic ruined china's foreign relations even more, and i think we will see companies start pulling out of china and move to equivalently cheap or cheaper countries such as india or vietnam

[@YourPalKindred]

@@Fr00stee I doubt it tbh. China already has the infrastructure built up so it's cheaper to just manufacture there. As for selling, companies see China as far too big of a market to cut out

[@Fr00stee]

@@YourPalKindredits not necessarily cheaper though, they already have to pay more to chinese workers than to workers in other countries. Like you said the only thing preventing this complete transition is because china has much better infrastructure than a country like india so its better for manufacturing goods, but if you are working with software there is literally no reason to have workers in china do it for you.

[@zelllers]

7:14 - "Now I'm not saying we are going to go through a lost decade..." > Checks title of video Yes, you are saying that my friend.

[@funkspinna]

Click bait, indeed.

[@bsneed7150]

Exactly!

[@chrisper94]

THE UNITED STATES OF AMERICA then, is a ZOMBIE economy.

[@courtneybrock1]

Fact

[@robroux6074]

LOST Decade - Japanese companies turning into Zombies looks similar to US companies 20%. US Hikormori rates are begining to match Japans for the first time. Yes, The LOST DECADE has arrived... The immigrants will bail us out tho.

[@garrettzucker2894]

@@robroux6074 Raise the rates, cut the cash, & let this bad economy burn quickly, & burn throughly.

[@nickl5658]

@@robroux6074 Only if there is job and racism isn't to high. Else why go to America? Mexico has already seen such a reversal. The flow of illegal immigrants to America is the lowest since the 1970s.

[@dyse13]

@@robroux6074 This is probably a dumb question butt? how would immigrants positively impact the economy? Immigrants are net exporters.. all the savings they make, they ship back to their countries, they are willing to take low wages, poor working conditions and work long hours. Economically speaking how do they help improve the average QoL of for example most indigenous Americans?

[@alessianala]

Thank you Jack. I can’t tell you how much I appreciate and how helpful your videos are in understanding these complicated time. Please up date us on this potential lost decade.🙏

[@wesnohathas1993]

Sounds like a whole lotta sunk-cost fallacy to me.

[@supakali]

you’re missing a huge piece in that history of Japan. Japan was able to rebuild because of Korean War. They made lots of money from that. Yoshida's infamous analogy of the nearby bloody conflict, as a "god sent gift”

[@supermanprime1281]

Watch War dogs the movie, thank me later

[@mitonaarea5856]

How?? Has far as I know they were able to rebuild because of US aid and the US rebuildof the Japanese economy. If I am not wrong one of the reasons the economic boom ever happened was because of U.S. contributions to their economy post ww2. Those who may profited from the korean war probably profited on a individual level and not on a nation level.

[@JR-vt7rb]

Does the therm "post war economic miracle" ring a bell ? , US greatly aided Japan to reform into a more western Goverment and the economic Titan it became by learning how to make cars, VHS players, computers and anime , faster and better than anyone else

[@dragonpleb7993]

@@mitonaarea5856 They sold their leftover weapons to Koreea for about 1billion dollars

[@TY-km8hj]

@@supermanprime1281 good film

[@telescopicS627]

We've already been in a lost decade for more than 10 years...

[@teecarter4900]

Since the Nixon Administration's 1971 act. Gold backing gone. That's like taking meat out of the freezer, with no intention of using it. Something is going to get stinky!

[@briandiehl9257]

@@teecarter4900 Lost half century

[@MrTynanDraper]

Stock market would signal otherwise.

[@aaronkerr749]

Why do lost people all belive the news?

[@lifire9]

@@MrTynanDraper The banks can print out more money, but they don't have any resources to compensate for the assigned value given to currency. The system will crash. I hope it can change for better and have us thinking about it for future generations.

[@tylermyers7657]

Japan’s “gifts from heaven” after WW2 were more like America’s plan to rebuild a stable democracy in place of totalitarianism. Same thing we did for Europe. I.E Marshall Plan back when the US had competent leaders and actually strived to provide for its citizens and overall make a better world. To prevent another world war.

[@kayumochi]

In the late 1980s right after I graduated college I read that the 1990s were going to be a "lost decade" ... and that author was an *expert* too.

[@jarehelt]

no bailouts. But we do need to move from debt and fraud as the basis for the economy to production and savings

[@nillynush4899]

gold-backed currency NOW

[@solk.posner7201]

Also eliminate planned obsolence and redistribute wealth. Make the rich pay their due and let small local businesses flourish.

[@s3lfFish]

the only tangible solution to the current issues and crisis (which are just cycles of endemic internal issues of capitalism) is to create an anarchist society (or libertarian society, or translated in american since the word libertarian has been corrupted, social libertarian society) , which is quite simple (aside from the change of society itself) 1 real democracy, no elected monarch or dictator or whatever "leader", people are in power, and they write and decide their own laws 2 we share the fruit of our production and distirbut it equally so that no one is left to die, therefore we stop producing shit we don't need, and we only work 1 day per week to produce the vital needs for everyone (which also show that the 4 other days in today's system are your life and money stolen by the capitalist, that's how you struggle and they have 5 houses and so on). That means that everyone gets to have their houses, their food, their clothes, their healthcare, their education and so on. the rest of the week everyone is free to do what they want (as long as it doesn't hurt other living creatures), in fact most people would not have "a job" but do different activities, from making a jewlery to plant a tomatoe , to paint, to teach, to learn new things to go the beach , to read, etc.. Since all vital needs are met there s little to no use for money, either money is also democratic in nature (poeple are the sole monetary creator and we implement a wealth redistribution protocol to avoid capital accumulation (or inequality), or we just get rid of that thing cuz we don't need it, and only luxury goods will be traded. all form of capital accumulation is destroyed as it is an oppressive tool that only brings inequality and death. therefore crisis such as this one cease to exist because there's no market crisis anymore, no greedy financiers, and no bailing them out we live on our planet, therefore we don't own it, it's our home, hence there s no property, but everyone got to get a home (maybe even two) and you can actually design it yourslef with the help of your neighbhoor, what it means, is that you have a house as long as you live there, is you die or want to change and live somehwere else you're free to exchange it with someone (thing of a big free air bnb) or built another one wherever you want to live (as long as it doesn't destroy the eco system around you).

[@jarehelt]

@@solk.posner7201 The problem is much deeper than that. If you go back to gold, and outlawed the fractional banking system. The poor will automatically be better off. Welth is already being redistributed through inflation, but inflation hurts poor consumers the most because they spend a bigger part of their paycheck on consumables. Where as the rich can ride a wave of assets.. Most taxes get lost in beaurocracy long before they get to their intended demographic..

[@pewdspersonaldronefromthef5546]

s3lfFish nope. Too communist.

[@matthewc994]

Its an election year in the USA and no politician will do ANYTHING that will look bad in a 30 second sound bite.

[@ernestmac13]

I think you underestimate Trump and the GOP leadership's ability to insert their foot in their mouths. Biden is prone to this as well; but the degree to which he does this is far less than, Trump, Pence, and others. The fact Trump, Pence, and others among the GOP are blatenly ignoring safety guidelines for the virus is a major problem.

[@hafbuckeye1324]

Social Media Meham Biden is so senile I wouldn’t be surprised if the guy built a wall on the Canadian border and asked New Zealand to pay for it

[@arnowisp6244]

@@ernestmac13 Some states are seeing declines in cases even AFTER reopening. Besides, most of the new spikes in cases now can be blamed on the BLM protest that 1000 "health experts" condoned after tellin us that gatherings will spread the virus.

[@user-nf9xc7ww7m]

Trump can say anything and his base wouldn't care, and the republican establishment wouldn't risk angering voters by breaking with trump. Where is the Republican national committee chair? He needs to screen candidates better. He should also, with full committee, have option of withdrawing party label, making the president run as an independent. A political party committee should also be set up as review of each party. The members chosen by lottery amongst independents. If a party fails to remove a leader who violates the principles agreed to, then either that leader goes or the party is disqualified that term.

[@followthemoney1466]

@@hafbuckeye1324 Yeah, i remember when Biden campaigned on building a wall, and another country paying for it. Oh wait....

[@InternetMameluq]

7:00: You're missing a third option: Evaluate companies recovery capacity, and auction off the companies, by force in some cases, to new owners based off of their bids. Give government access to nominal loans to existing firms that can create a good business plan for reconstitution them. In short: buy out the unsustainable companies that now have no worth, and restructure them. Three ways to restructure: through existing private enterprises that can make a good sales pitch, through entrepreneurs, and finally through nationalisation if neccesarry. I'm not a fan of government being the first solution, so that last point is the last alternative that exists only for if the company performs a vital task, like providing water or food to an area and cannot fail. And last the option exists to sell off the companies for scrap, like the ones that cannot turn a profit and are irredeemable, like making coal out of babies, or maps of a flat earth.

[@karpig8939]

Doesn't China normally do this?

[@InternetMameluq]

@@karpig8939 China is a socialist country, so no.

[@trentn1127]

“I’m not saying we’re going to go through a lost decade” But that’s the title.

[@rockonmadonna]

Clickbait, the usual

[@dunsemarang6970]

zombie in film : brains... zombie in economy : debt..

[@TheNecropolis20]

Today is DAY 295 of the pandemic disaster. 🌎🌍🌏 1.8 million now dead from corona virus pandemic

[@TheNecropolis20]

at Dun S - at least its not a zombie pandemic

[@ImKibitz]

"Now I'm not saying we're going to go through a lost decade..." Video title: We Are Entering the "The Lost Decade" ok dode. *Just meme'ing btw, I really enjoyed the vid!

[@feliciaolarewaju1086]

We are entering the future! Living in the future, we can see as virtual! Virtual reality, virtual social distances, virtual government, virtual choirs, virtual communication, virtual education, it is all virtual! We try to restart the economy, again, and again with the first wave, then the second wave. It goes on, with new out break. Great Britain offers top dollars to those who can risk their life, for a vaccine against covid-19! Many displaced people will opt for that, for desperation! Story coming out of China, those that had vaccines ,in order to receive money, from China government! They never received the money, but the effects of the vaccine, vis-a-vis dumbness, paralysis and so forth.

[@PRESSPLAYRADIO]

@@feliciaolarewaju1086 interesting take

[@punkrockmetalqueen92]

Okay dode.

[@DuaneHHLyon]

Good point!

[@DuaneHHLyon]

@@feliciaolarewaju1086 wow

[@davidpoudrier4132]

Thank you for these videos. They definitely help round out a lot of the information out there.

[@MagicCyclops]

“I am not saying we are entering a lost decade” title of video we are entering a lost decade. Brilliant dude!

[@infinityalfa3979]

NOMORE BAIL OUT OF COMPANIES, LET THE CHIPS FALL WHERE THEY MAY AND SEE WHAT RISE FROM THE ASHES.

[@ecrusch]

Totally agree.

[@john10000ish]

Hitler?

[@charlesbrown9213]

Enigma - Your inability to understand the proper use of the CAPS button, suggests your opinions may be not too well thought out...

[@virgosintellect]

Demolition Man predicted Taco Bell is the sole survivor of the franchise wars.

[@mocitymedia92]

WHATS YOURSOC Stfu

[@LMIMSsoi]

I recall in the early 2000's hearing the term "the lost decade" for Japan. I was then saying, wait for it to be over before you name it. Japan has been in a slump for 30 years now. Debt to GDP over 200% = future generations are F'ed

[@can-uc-wakeup]

Agreed! This is a worldwide phenomenon. The energy for this has been building for decades, there is no real price discovery anymore, just credit supporting artificially high prices. People are living in a make-believe existence. Has someone broken the mirror? How many years bad luck awaits the people? www.can-uc.com/dependency-on-the-system-a-noose-around-peoples-necks/

[@LMIMSsoi]

@@can-uc-wakeup the only way out = have to stop using there currency. Otherwise, they'll be taxing you to pay past debts.

[@can-uc-wakeup]

@@LMIMSsoi Agreed. Everything we do is taxed. They are bleeding us dry and as people wither and fad away, no one notices, they are too busy with their own hidden problems. People only see the fun, we don't see behind closed doors when the darkness comes. Currency traps the people, they then multiply it using credit. Debt is seen as an asset, even though it be negative, non-performing and toxic. How mad is the world? How lost are its people? What next? What do you see coming?

[@can-uc-wakeup]

@WHATS YOURSOC Yes, Chrysler are now part of the Fiat brand. All businesses will be soon consolidated under the Central Bank umbrella. In truth they already are, not many people can see it. If banks create the money, if they print it out of thin air into existence, what don't they own, or have a say in?

[@LMIMSsoi]

@@can-uc-wakeup I think we're on the same page. Not much we can do, enjoy with your family for now. Live a simple life. There is nowhere to hide. This debt bubble is all over the world :(

[@makemoneynow5061]

Officially, you're one of my favorite KZbinrs out here!

[@williamfong5427]

Wonderful channel. No other medium or media outlet has given me as great an understanding of economics and the world economy as this channel. Wow. At last, a coherent view of the financial world.

[@Monkeybongoes]

Three big differences between now and the 80s-90s : 1) oil is much more expensive to get and doesn't generate nearly the profit (= wealth) 2) another 20+ yrs of trickle down economics has created much greater concentration of wealth 3) suppressed wages and benefits combined w escalating major expenses (housing, health care, secondary education) have led to a far greater number of workers living paycheck to paycheck. As a result the economy is way less resilient than it was 30 yrs ago, making it much more vulnerable to disruptions such as The Virus.

[@nathanthomas8184]

Looks like I will take a long walk on a short peir or I'll walk into a fire without my extinguisher, maybe I will find SALVATION in a bridge

[@jarryd8167]

@@nathanthomas8184 Remember friend, there are reasons to live beyond money and career/financial success.

[@briandiehl9257]

Don't forget climate change is starting to pick up

[@Monkeybongoes]

@@briandiehl9257 Yes, don't know how I left that off the list.

[@iam_myster_e]

The system that put us here, while CNN blames Trump🤣 they’re all scumbags

[@AniishAu]

Deutsche Bank: "Fake money breeds zombies". When the Zombie-King speaks, thou shalt listen.

[@triplexlongueuil6106]

Just a couple of years ago Deutsche Bank was warning about a real-estate bubble in Canada. Of course that wasn’t the case; Canada is a huge country and its major cities react in different ways. Since then I always take Deutsche Bank’s warnings very lightly.

[@manayakakanataka5256]

@@triplexlongueuil6106 canada have a massive real estate bubble, the average prices for house is 50% higher than in the USA, when in the same time the average wage and family incomes after tax are 30% lower, this is unsustainable. you should'nt need to take 20 years or more loan to buy a wooden house if you earn the average wage lol.

[@manayakakanataka5256]

@Nic Laj I didn't knew it was that bad there , I live in montreal and the situation is already bad here lol.

[@danieleanielstewartstygwar8490]

@Nic Laj I was in Quebec City in 2018, were you the guys doing drugs in the lobby?

[@danieleanielstewartstygwar8490]

@Nic Laj they have more drug, correct is the way in which you speak. Vancouver have all the drugs. I slept on the stone behind an apt building one night in Quebec City and found no drugs all night!

[@user-nf3hh8kn5r]

your videos are going to be remembered in a decade. you are 100% correct

[@ThatEntityGirl]

“I’m not saying we’re entering a lost decade like Japan” Video title: *”We are entering the lost decade”*

[@12kenbutsuri]

A lot of my Japanese friends are in bad poverty today.

[@youtrust3769]

Hi are you Japanese

[@ghosthuntergirl2048]

Hopefully things will turn around for them sooner than later

[@12kenbutsuri]

@@youtrust3769 Yes I am, but I live in Finland now.

[@prashr4075]

@@12kenbutsuri what is the mean age of your friends??

[@cyberspore00]

And yet you don’t see the urban blight and families living in cars, etc. that you see in other post-industrial nations. Also, I haven’t seen a severe downturn in any of the Japanese families lives that I know - and I live here (in Japan). I can’t give economic analyses as to why - just an observation.

[@Mike-yg8ig]

I find it interesting that since the failure of Japan and the way they handled it is there for everyone to see, if they’re all taking the same approach obviously it benefits the few in some way. We are screwed.

[@bartekmostek4850]

You say that as if we haven't been screwed for ages

[@unclejeffie7984]

Wow. You make economic situations a lot clearer for me. Please keep making videos especially on current aspects of the economy and possible future problems. There is so much that we don't know or understand. I realkly like your work. P.S. You are not a "zombie company" are you? Hope not!

[@oliveoyal]

Always enjoy your informative history rich videos. My husband has worked for Lufthansa Airlines for 30 years. He has had a wonderful career and we have lived in various countries as a result. But more than that, most of our friends are also with the company - it comes with the territory when you travel a lot, your kids or third culture kids, etc. -And throughout the years, Lufthansa has been much much more than just an employer for its workers and their families. There is a whole culture behind it, and loyalty Which is been earned by the company’s policies towards their employees, and by the companies persistent striving for excellence. We all know that Lufthansa flight attendants used to be snippy an arrogant, and that was such a prevalent complete that a complete restructuring of service attitude and presentation was undertaken. I am American so I am certainly not coming up in defense of Germans here. But we flew a lot back in the day, and this change in service attitude for the better was clearly palpible . Anyway, I digress. When you speak of zombie corporations And their possible detriment to future economic growth, there is in my view an emotional factor here. The reason negotiations between the state of Germany and Lufthansa eV Had Lufthansa employees, former employees, and much of the country as a whole very upset, to put it mildly. Of course employees and retirees food for theirPaychex, even if reduced and their pensions. But they were emotional demonstrations held outside the Lufthansa headquarters in Frankfurt To show the love and pride for the company and the emotional connection people have With the Lufthansa brand, and with the fact that it’s always been there and is such a big part of Germany. Germans do not show their emotions so easily, so this was significant. These demonstrations we’re not violent ones demanding rights. They were sad, hopeful, and showed a deep connection with and pride in this company, , the freedom of flying that it brought to Germany early on, And in a nutshell, the commonly voiced sentiment that Lufthansa use up, how can there not be Lufthansa. Not to be confused nationalism at all, this was not an indicator of German patriotism, simply withwhat this company represents to so many people. So how to bridge the gap between taking on state dead, and dragging a huge zombie company along for years, as opposed to giving up on the company entirely and letting it go into insolvency, thereby Crushing hopes of so many. What is your suggestion, to be able to maintain companies with such a bondWith so many people, without becoming the huge burden for the country at large?

[@commanderbastard1993]

Max Kieser has been warning about this for years.

[@nabeelahmedkhanofficial]

Corona Virus Pandamic, USA vs Iran, India vs Nepal, India vs Pakistan, India vs China, South Korea Vs North Korea, USA Police vs USA Citizens, 2020 really is one hell of a year.....

[@JG-jo8rt]

More like crazy anarchists vs US Citizens and the police did their job

[@laur-unstagenameactuallyca1587]

gonna get worse after 2020

[@mikeservos2269]

Very informative. Your headline makes things seem a lot more scary then your actual video ends up explaining

[@marcusaustralius2416]

I work in taxation, and I'm seeing company after company go into major debt, along with companies simply falling apart now that JobKeeper here in Australia has ended, meaning they can't afford to pay workers It's pretty bad

[@DiabeticDawg]

Seems as if socializing losses and incentivizing risky behaviours (I.e. bailouts) is a poor solution for everyone while fierce competition and failure breads great success. Love the videos!

[@aaronp2542]

"Seemed good at the time" as if it wasn't America basically forcing Japan to do those economic reforms and they never recovered. Same playbook that they are trying to do to China now and they just won't bite after this fiasco. American hegemony is something USA is willing to do at almost any cost.

[@qjtvaddict]

It’s over this is the end of America

[@christianlibertarian5488]

Sorry, but the Japanese in the 1980's were deliberately pushing down the value of the Yen. So, it was revalue the Yen or face import quotas.

[@m.c.martin]

@@qjtvaddict Define end of America? 😂 Us no being number 1? Oh no I’m so scared 😂

[@Renould2010]

Thank you, for Sharing, great body of Economic Knowledge that most don't know. 🤝👏👏👏🙌💯

[@andrews.127]

Hi nice video. I'd recommend you put your sources in the description since this is a pretty important topic to talk about (global economics and politics and peoples lives and stuff). Also when mentioning statistics, whats nice to see in these types of videos is the name of the study where the stats come from in one of the corners of the screen. I'd think it would add credibility to your video and give some a launching point in which they can look into it more. Cheers.

[@chenguangling4603]

Retired, receiving about 101k in dividends. I have been in the market about 30 years. Am I worried? Of course. Am I selling? Absolutely not. I have purchased stock a little at a time over the past few weeks. I am going to sit back and observe how this all plays out.

[@richardwahl4354]

It is difficult not to make emotional decisions in times like these. Eye on the prize, stay the course

[@jewellwalker9808]

I have no idea what to do, should I sell or hold? Please I need suggestion guys, I’m starting to panic

[@mariellewilson8276]

Any recommendations ?

[@mariellewilson8276]

@Monica Antonio thank you

[@empireorganizing]

great video thank you so much. concise, informative, fun to watch (visually, cuz the content itself is terrifying lmao). thank u for putting this together!

[@ddean3732]

Hey Jack. Nice info vids. Where do you get your clips from?

[@alexrytterofficial1192]

YOU GOT MY SUB BRO! WITH THE BELL! GREAT STUFF

[@MrYuck-xt8dw]

It's not a "collapse". It's a "reset". Big difference

[@Monkeybongoes]

Given the poor economic policies over the past 30 yrs and direness of the current situation, not sure it's possible to reset without a collapse.

[@robjames3864]

All done by design by the new world order king pins. Order out of chaos.

[@sarahmw8611]

Does it have to collapse in order for a reset to be justified? What excuse will they use? I don't imagine they will take personal responsibility for all of the reckless spending. At present, it looks like they are sacrificing the dollar so they can usher in a digital currency, and they will use the virus as an excuse to reset everything rather than acknowledging decades of printing monopoly money that has slowly eroded the economy.

[@Djrobs6992]

@@sarahmw8611 how do you propose the economy can be "reset" without some form of a collapse or struggle to put a new system in place?

[@MFDan69]

I agree. I feel the that stock market is going to crash again but this "reset" will lead to not only a speedy recovery but a booming economy that we've never seen before.

[@chrishung7582]

Amazing content !! love that way you talk about the flaws of the economic theory - lower Interest rate doesn't necessarily contribute Long Term Economic growth due to the increase presents of unproductive zombies companies !!!

[@nelsonandolga]

New subscriber here. Thanks for your great short documentaries. Very educational

[@ERBanmech]

Hmm, this is very interesting. In light of the pandemic, this also brings some changes too. Primarily I work in a retail job (it sucks I'm working on getting a better one). One of the issues that I've been seeing is the collapse of supply networks; things that we need aren't coming in for weeks and/or months at a time; this causes stress as a lack of food makes customers unhappy. One of the things I learned from my history class is that a lack of food + financial trouble creates a formula for violent upheaval/revolution. I'm worried that in the upcoming decade, we will have massive worldwide change/conflict on our hands if there isn't any recovery economically or logistically.

[@David.Marquez]

I had no idea zombie companies were a thing, but it does seem like they could be a genuine threat. We should remember that the principle of stocks going up in the long run is true most of the time, but not all the time, as seen by the Japanese or European stock exchanges.

[@arnoldziffel5627]

It could be the lost century...

[@can-uc-wakeup]

It may well be a lost century. How long will it take to recover from a worldwide contraction, where Trillions are being used to inflate a burst bubble?

[@mr.knowitall5019]

Believe me it will be The Apocalyptic Century. Droughts, floods, hurricanes/cyclones, cities sinking under the water, mass starvation, climate refugees, maybe some sort of Chernobyl in China and god knows what else. The problems created by us will definitely take decades to solve.

[@mr.knowitall5019]

@Craig Carmichael This seems like a fantast tv show rather than reality.

[@r.chavez5513]

@Craig Carmichael exactly overpopulation is one of the maon reasons this is hapeening

[@ashtwenty12]

Interesting, thanks. Could you do a deep dive into the buble japan made. Was it just to make a short term gain, and it backfired? Would be curious about the lessons learned here and if the bubble was half the size would it be ok

[@thornbird6768]

2020’s will be like the 1970’s , 4 day weeks , unemployment , cities run down through lack of funding , holidays at home and power cuts . I can see it coming !!!!!

[@r.chavez5513]

Worse then that

[@b__w_4565]

Like 4 days a week for work and no more?!??!

[@bluesclues132]

no- I don't think so, this is not 1970s britain. The labour movement has no power now. people will just accept whatever shitty terms they're offered- life will go on, but the quality of life will become progressively worse as time moves on, little luxuries people take for granted now will not be available to the general public as often.

[@plottwist1733]

It's gonna be more like the 1930's.

[@winstonbarquez9538]

Like the airlines, some companies are essential and are expected to recover in the future.

[@jacksnyder3616]

1. The whole concept of a stock market is the foundation of a corrupt economic system, gambling is corrupt. 2. Borrowing or lending is also corrupt. 3. Lobbying Congress by corporations is corrupt. There can be only one outcome from so much corruption, you reap what you sow. 4. Pandering to human weakness by way of advertising is especially corrupt.

[@jakel3574]

The world runs on corruption

[@alang8850]

Hi. I like the quality of your videos. The problem of zombie company’s alive are ones that have a huge problem of corona and ones that were Agency investment grade companies.

[@walktroughman1952]

Thank you for the optimistic words, now I have one more reason to consider just ending it all.

[@josephabraham4058]

7:20 "I'm not saying we are going to go through the 'Lost Decade', but the title to the film says "We Are Entering 'The Lost Decade.'" Nice duplicity.

[@TheDoomWizard]

I live in Dallas, which is in opening up which is really stupid. But it's surviving semi-well considering all of the World's largest banks & hedge fund firms operate here. Other than that its teeming with homelessness, business closure, & extreme inequality (worst in history). I'm flat out miserable here just live in my soulless box & just go to the grocery store. I'm 31 during the start of the pandemic. Had a crazy ass wild twenties so at least I have a decade of memories from the tech revolution I luckily experienced.

[@johnfruechte3265]

Are you suggesting we should stay in lockdown for a virus that 95.5% of people taken ill will overcome? They say my uncle has tested positive but he has no symptoms, and he is like 73 years old. No, the real pandemic is how much people are brainwashed by the media. The media pushed the summer of shark attacks a few years ago.... Turns out there were no more shark attacks than usual; the media just pushed the fear button and every one fell for it. It was the trial run.

[@cheek_clapper1064]

I truly believe that China purposely used the corona virus to make America fall so that they can surpass the us like it’s now all starting to unfold now

[@MrMirville]

@@cheek_clapper1064 I understand you but China was actually attacked though it knew how to answer in kind immediately. The power that attacked, a middle sized one, is France, thanks to its especially sadistic oligarchy : the other Western powers such as the USA just connive without moving. France has started WWIII and it did so as for the backlash to fall upon its own people only not upon the USA. France being a middle power can use nukes against Iran or Syria without implying the whole world into a nuclear war. France like the USA is a fake democracy though it has like former USSR a non-elected general secretary of the Socialist Party who is the main decider, like Stalin and Mao used to be : Jacques Attali. He clearly announced 40 years ago that France would unleash a pandemic onto the world to prove to the peoples of the world that democracy has to be phased out.

[@terrycrawford6193]

Very well constructed video. My question, and counterpoint to this conversation is, how does the labor shortage impact or effect these zombie companies. Right now we are experiencing a labor shortage or labor contraction which has never been experienced before. I wouldn't figure zombie companies could compete effectively in this new labor market due to the inability to increase wages and correct working conditions. This may accelerate the crash... Decreasing long term impacts on the economy while increasing the sudden collapse of companies in the short. Just a thought.

[@youreallyaresomething306]

I think this was a pretty good video, i haven't thought much about this topic. But i think it served well to educate.

[@PlayedbyInstinct]

Perpetual growth, how could this go wrong?? 2020. Economists and financial experts globally: *surprised Pikachu face*

[@TREVASLARK]

Wish I could give you 1,000 likes (Am I inflating .....what's the value of a "like?")

[@zackpt3]

Sabotaged by globalists. When you have "leaders" over a period of 50 years degrade our country on purpose then claim that it failed on its own, that is sabotage. Globalists have most of our political "leaders" and msm in their pocket and probably now provided a safe place outside of the u.s.a for them after we start to tear each other up. The education system has been stepped up Incrementally radical every few years. Now all white people are racist in their eyes, black people despise the "oppressors" ..ect. race war, political war, 2 sides to the story forests being set alite purposefully. We have been groomed for destruction and failure then regime change. After the usa is gone what happens to the world? Vaccines depopulation and all the big tech companies owners CEOs that supported this BLM movement in the beginning will be ruling the class of the world. We been sabotaged on every single front. Worldwide internet censorship like China media is coming very shortly.

[@gabbar51ngh]

Need to decentralise the banks and get a silver or gold standard currency

[@grmpEqweer]

When perpetual growth occurs in the human body, it's called cancer. Just noting.

[@MiS_4n_THr0_pic_NiH_il.i5t]

@@gabbar51ngh So you're saying that the US need accumulate enough gold to back all the money in circulation and all the debt it owes? That is over 30 trillion dollars... so you're saying they need to borrow 30 more trillion dollars (minus any gold reserves they have) to go on the gold standard? Wait that means you now owe up to 60 trillion dollars... I don't understand how this works or fixes the problem. I must be missing something, please explain this to me.

[@BWater-yq3jx]

Yep, time to let 'em die. Take the pain. Reset is an unavoidable necessity.

[@mightquinnable]

yes sir

[@jdatlee4368]

I agree, but there will be a ripple effect possibly taking their creditors down with them.

[@arnowisp6244]

Well our leaders are talking about "THE GREAT RESET."

[@aaronkerr749]

Hope so, strong conservatives can rebuild and libtard snowflakes will compost

[@AlmostMonumental27]

It won't be a pleasant aftermath

[@zacksderiyardm1262]

Who is here after Lebanon explosion oh God 😢😭🙏

[@MultiRyanR]

7:16 "I'm not saying we are going into a lost decade" Is the "We Are" of the video title supposed to be "Are We"?

[@dpakk8988]

STOCK MARKET'S ARE UP. ZOMBIE COMPANY'S INCREASING. GOLD IS KING FOR NEXT DECADE.

[@spazzman90]

gold is king. haha!

[@opencarry3860]

Gold, silver, and copper plated lead.

[@juanio7036]

Gold has always been sound money and has never lost value. Their is a reason these banks are buying up gold

[@I_Died_2_Weeks_Ago]

Black Lives are King 💪🏿👑

[@quickhistory5936]

Bitcoin is a digital currency that functions a lot like gold as a long-term buy and hold investment, as well as a hedge against inflation, it is also much easier to buy, sell, and transport than gold. Coinbase and Gemini are both trusted apps with millions of users where you can buy, sell, and store Bitcoin. Food for thought.

[@davidlomax-bouet1556]

“I’m not saying we are entering a ‘lost decade’….” Literally names the video We Are Entering a “Lost Decade”

[@expatwealthasia8702]

Great video. I don’t think your predictions will be too far away from the harsh truths.

[@The_fusion_physics_guy]

"now i'm not saying we're entering a 'lost decade' like Japan went through..." The video is literally titled "We are entering the lost decade", lol

[@catcatcatcatcatcatcatcatcatca]

The "letting bad companies die" is a good plan until you realise the debt they hold is what banks consider assets - which means defaulting could risk a necessity to liquify other assets and do what was done 2008 - ultimately ending again with central banks bailing those assets. The banking sector again, has massive leverage and massive portfolio of assets corona just blew a hole in. If those companies can't pay, the banks can't pay. It's as simple as that.

[@pizzacrumbs7960]

8:19 where is that? that is the most beautiful place ive seen!!

[@ExplosiveFloofBall]

The problem with not bailing out the companies is that yes competitors will pop up but they'll be absorbed by other larger companies desperate to maintain their monopolies they gained from the disappearance of the zombie companies

[@lucaashworth4798]

This is the beginning of something beautiful

[@bartekmostek4850]

Good luck in the ditch eating rats like the rest of us apparently will in the future

[@dcos5]

7:15 "Now I'm not saying we are going to go through a lost decade" ... * reads title *

[@Hannodb1961]

You forgot another aspect. 2020 is the decade when the boomers retire. So, the largest generation that was investing in everything for retirement, will now start withdrawing their money from the economy, which will greatly reduce the amount of investment capital available. This was going to be a tough economic decade, even before covid. Many developed economies will never recover to where they've been in 2019, because of their shrinking, aging population

[@ZameerHJ]

Do you do one of these videos every year...?

[@CarelBlumenstock]

Government role should be limited to making sure the playing field is level, prevent or break monopolies and nothing else.

[@ExplodingPiggy]

What about garbage disposal?

[@chrisrosenkreuz23]

funny how you can talk about debt without mentioning how that "money" came into existence from thin air

[@feliciaolarewaju1086]

They print more money out, to loan it to companies and individuals!

[@chrisrosenkreuz23]

@@feliciaolarewaju1086 the problem is that it has no real value, it's backed by nothing ever since nixon took the dollar off the gold standard in 71. The fact that you can buy a bread with it can and is about to change literally overnight.

[@feliciaolarewaju1086]

How the money came into existence? It has no value! No, it has value! Money has value! The value is whatever, it worth! How money came into existence? After the flood of Noah, remember the flood of Noah, it rained for days, and Noah and his 4 children and wives enter the boat, that God directed Noah to build, warning him, of the destruction of the earth with water. Everybody died in flood except Noah and his family in the boat. The boat landed around Turkey as the flood receded! Those four kids and their wives split, one goes to North Africa, one to Europe, one stay in the Middle east. 7 billion people today, came from Noah's family! They started to trade in item. I give you yam, or potatoes, in exchange for yarn of wool! That is how money started. It started from exchange of goods. Even, during the time of slave trade, African's fathers and leaders, traded their children and neighbors for wine, mirrors, and other goods. Later on, the British who explored many countries and trade goods for slaves, to the new founded land in USA, as agricultural labourers, demarcated, the land as countries! They made maps, and boundaries for each countries and then, each country have government, and then money were named, for trade rather than barter control. That is , instead of goods exchange for other goods, money were printed out, and prices were set, for each goods. That is how money started.

[@reiniertl]

@@feliciaolarewaju1086 Except the Noa story is not true.

[@nobodythatyouknow241]

@@feliciaolarewaju1086 okay.

[@thedragonfly8315]

Liked cause the opening shot was Dallas, let’s go baby!

[@merlinsandra4405]

Itz year end n time to thank God for helping us surge n survive through tough trials n tribulations of this year.... We r grateful to have surpassed 2020 successfully by the grace n mercy of higher power.. Pray to see a great 2021.... for world n mankind...