Will Living Standards Crumble? Trump's Former Chief Economist Answers | Casey Mulligan

[@Rittlesleo]

The ultimate end game is you’ll own nothing, including money. CO2 is NOT pollution. It is an essential element for life.

[@tinaevans825]

Exactly. CO2 humans to plants...O2 humans to plants. 2nd grade science, I do believe?!?

[@frmcf]

When you make it to fourth grade, they'll explain to you how producing *lots* of CO2 - many orders of magnitude more than all the people and animals breathing - is bad, because the plants can't absorb it all and then it builds up in the atmosphere, making the planet hotter.

[@J.woltz48]

We are living in a central planned economy where every good thing seems controlled, from real estate to stocks and now gold. I'm open to ideas how to safeguard and grow my wealth amid high inflation, can't let over a mil lose its value by just sitting in my bank.

[@fromthebirchwood]

buy bitcoin! it is decentralized and most secure, thus healthy competition among many miners

[@katieiri]

I think you're better off speaking with a certified market strategist, they can help with pointers on equities to acquire

[@arlenehill4ril]

Right, when it comes to situations like this, having a seasoned advisor diversify your portfolio for high performance is ideal and thankfully, I can attest to this approach, seeing my holdings of $800k grow by 240% in barely 3 years.

[@chadgriffith1969]

@@arlenehill4ril that's some strong performance! I’d say your advisor is doing a great job with your portfolio, mind if I look this person up? i'm in dire need of proper asset allocation

[@arlenehill4ril]

Karen Lynne Chess is my FA. Just google the name and you’d find necessary deets. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

[@adamalker71]

I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year.. Investment should always be on any creative man's heart for success in life .

[@adamdouglas9888]

You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment

[@dorathystephanie7702]

Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?

[@aniniels-hw5iv]

As a beginner, it's essential for you to have a mentor that is verified by finra and SEC to keep you accountable. I'm guided by a widely known financial consultant Stacey Macken

[@FranklyHunt]

Stacey demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

[@WelseyWalker]

I remember giving her my first savings $20000 and she opened a brokerage account for me it turned out to be the best thing that ever happened to me.

[@ace9840]

Well the prices have gone up 21.35% since 2020 .. So is the living standard collapsing? The answer is yup.

[@allstarlord]

@@geocam2lol whatever you’re smoking I need some

[@ace9840]

@@geocam2 Then why are so many complaining about prices?

[@AB-fi5jt]

Bought a medium size potato for $1.5 the other day

[@ace9840]

@@AB-fi5jt Have you seen whats happening to farming in Idaho. The prices will get much higher.

[@wasdwasdedsf]

and 21% are only the official numbers

[@douglasthompson9482]

Nothing is surprising anymore….our society is dropping dramatically.

[@James-il3tq]

Goes with rise in the atheism, wokeism and hedonism.

[@MrSimonious]

Maybe the latter two. Dont assume atheists dont have morales and values

[@alphaomega1351]

​@James-il3tq Religious mythology ruins everything. The last thing society needs is that nonsense. Thankfully people are overcoming their childhood indoctrination. 😳

[@alphaomega1351]

​@@James-il3tq Religious mythology ruins everything. Thankfully people are overcoming their earlier brainwashing. 😳

[@alphaomega1351]

​@@James-il3tq Religion ruins everything. 😳

[@jayneweaver8695]

Excellent guest, have Casey Mulligan on again. Excellent interview learned a LOT. Thank you!

[@jeffreybmulder5807]

Agree

[@mutantryeff]

What happens when the USA reverses course and starts recycling used uranium instead of burying it in the ground? Russia, China, Japan, France, ... all recycle and have no waste issues.

[@bibibachmd9995]

Excellent interview! Have Casey on again.

[@graceamsterdam5404]

Thank you gentlemen, I enjoyed the interview. I always feel a little bit more relieved to find out that ‘another smart person sees the plot’. Bad stuff is happening so in our face, that not everybody can see it right away, but I am sure will eventually. 🙏🏼

[@BP-1972]

Lower taxes and shrink government. They spend way too much and most is not warranted or productive for the tax payer.

[@brent0708]

Great guest Dave!

[@savrah]

The dream is definitely over. No big cars no house. Reality of life.

[@ace9840]

I just bought a new truck a few weeks ago. And I asked the salesman, “seems like all I see are new rigs and very few used ones.?” And he said, “Its because no one van afford the new ones.” Then I seen one Ford Lightning for sale and looked at the sticker and the price was over $80,000. I asked him of he sold many of them. He smile and said .. nope. And we both laughed.

[@wasdwasdedsf]

@@geocam2 lol what?

[@Canadian_Eh_I]

Yup as a millenial been chasing the vapours of the dream my whole life. Never got there.

[@kevinzunigazuniga9472]

Why tax when they can print all they want..

[@uuubeut]

Because we can - Gordon gecko

[@antpoo]

Because tax forces people to use the currency instead of bartering. Why would anyone work for a piece of paper with a number on it?

[@vcash1112]

Exactly! Why not free healthcare and early retirement 🎉

[@DrAAAli]

CONTROL

[@julioalvarez9650]

The energy industry has been more productive than ever the last 15 years or so. America has been setting records in oil production and gas production time and time again. Just the shale operators have drilled more wells and produced more oil than ever with less rigs. To say that oil and gas has been unproductive is pretty wild.

[@ronniepratt8710]

This guy is wrong on many points he's brought up. If going to give info...make true and non-political partisan.

[@Boomercon3000]

If that’s true, then why are gas prices so high?

[@Chuck68ify]

​@@ronniepratt8710How so, you sound like you believe the Climate Hoax Green Steal.😊

[@rudeawakening3833]

@@Boomercon3000 exactly ! I smell a rat …

[@wasdwasdedsf]

@@ronniepratt8710 suree

[@JohnTaylor-ts8wk]

I actually agree with the bulk of Mulligan’s positions here.

[@bennykwong3172]

Very enjoyable interview hope he comes back to your show again.

[@روح-د9ر]

2:55 this is giving a positive spin to the show. Quoting people by playing the video is a great addition.

[@davidcollins8150]

If you live in a cardboard box and don’t have a job, you obviously do not have income to pay tax on

[@jshatfield115]

I do this. I have a big Roth and live in my truck while spending $30/day or less to survive and live. I plan on basically avoiding taxes entirely for the rest of my life.

[@rudeawakening3833]

@@jshatfield115 Except when you buy anything . Sales tax .

[@jshatfield115]

@@rudeawakening3833 nope. I live in Montana

[@rudeawakening3833]

@@jshatfield115 Really , no sales tax on anything ?

[@jshatfield115]

@rudeawakening3833 only thing I can think of that is taxed is MJ. I mostly buy necessities, which aren't usually taxed.

[@BookerT1]

I always thought tariffs were to promote domestic production. Using them to replace income tax seems too risky.

[@peterwilson9327]

David has sure come a long way. I remember his work well before kitco. He's the hardest working & best prepared young news journalist on the web.

[@lucanidae100]

Prices would double or triple on everything. The standard of living would go down the toilet for 51% of all Americans and newcomers. Crime would go wild beyond anything we can imagine.

[@bringsdogtowork]

No toilet, only outhouse

[@rudeawakening3833]

@@bringsdogtowork Wipe with corncobs and old Sears catalogs … 🫢🤣😫

[@BatmanBoss]

Thanks

[@razadaza9651]

Great stuff as usual David, thank you!

[@EddyBergen-n5z]

In the tax talk, you didn't bring up sales tax on what you consume, rather than what you make. Also a 100% inheritance tax. Make billions when you live, but that would be your taxes. Let your kids pull up their own bootstraps - the American dream of equality.

[@RobWilliams007]

Lowering the income tax usually brings in more revenue as the economy usually does better so overall, you get more money. Also, you could implement a .5% federal sales tax - that taxes those that purchase more (usually the rich), makes sure everyone pays something and even has a back door to taxing illegal activity - if a drug dealer buys a car or tv - they get taxed or if illegal aliens buy something, they are paying taxes.

[@joeholden6224]

Buy an American pickup truck, and you wouldn't have to worry about the tariff? I have a 30 year old F150 and 20 year old mustang. How many throwaway vehicles have average homes owned in that time?

[@RobWilliams007]

Casey - excellent interview!

[@25Soupy]

They got me. I live in the same city as David Lin. I sold my car in August 2014 not because I wanted to, it's a matter of affordability.

[@krage17]

We live in Minsk, Belarus and have three cars - go figure!

[@jeffsurfanderson]

If you raise taxes on the rich they'll just move that tax cost on to whatever company or business that they have that produces a good or service onto the customers

[@VTh-f5x]

Ad then new companies will come up to grab market share from price raising companies. Free Markets 101.

[@spiritofgoldfish]

When America was Great, the marginal income tax was 93%.

[@ShawwwHa]

​@@VTh-f5x china comes to mind.

[@JFTL81]

I’d rather have no income tax and choose the goods that I spend my money on. I can avoid tariffs if I don’t need something and decide it’s not worth having.

[@alphaomega1351]

And that is exactly why the income tax ain't going nowhere. 😳

[@PFlow007]

Actually they are proposing to raise it to 48.6%

[@callspreadzero854]

The fact people still do not realize half of America pays no federal income tax..

[@julienbengkee5422]

To remind you who is in charge when they tax you!!

[@gnargnargarik9654]

26:21 Isn’t it something like 80% of major cities are on the coast. Can only adapt so much

[@kenthughes4396]

David guess are the best contrarian indicator we could possibly have in this stock market

[@siewkonsum7291]

The so called American Dream has become American Nightmare!

[@markwriter2698]

I think nuclear energy is the way to go. There are new designs that are quite compact and can be made on an assembly line then delivered and assembled. Smaller is more containable which is safer, and if a municipality grows, add another plant.

[@rudeawakening3833]

Awesome !

[@RobWilliams007]

David - the green deal isn’t coordinated around the world - just the West! China, India, Russia, Iran, Saudi Arabia, Kenya, etc., could care less.

[@spiritofgoldfish]

When America was Great, the marginal income tax rate was 93%.

[@jshatfield115]

It's not that simple

[@martinross6416]

@@jshatfield115yes it is

[@TexasRiverRat31254]

And over half the country was employed with UNION wages and benefits.

[@jshatfield115]

@martinross6416 lol so if we increase the tax rate to 94% then America will be great again? I'm going to enjoy watching you people realize that you've been wrong about everything

[@Chuck68ify]

Originally Income Tax was only on the Top 5%. As they lowered the rates they removed deductions and lowered thresholds to now where 51% pay Income tax.

[@ALANGREENSPAN420]

🪙BYOB🪙BE🪙YOUR🪙OWN🪙BANK🪙

[@joshuas8912]

Would love to see you interview Tom Woods from Mises Institute David

[@uuubeut]

tax every trade on stock exchange ! eliminate non tax status of all religion and foundations = NGOs etc- Pay it Down not forward

[@davidoffice9922]

Marx said capitalism will destroy itself..its doing a good job of it

[@jimfranklin3885]

This is a demography shift, 'The Fourth Turning Is Here'. ;)

[@corneliuschristian6547]

This is the way.

[@kenthughes4396]

I pray that all of his guests are bearish. I will remain bullish until the preponderance of his guest are bullish. Then I will know it is time to change.

[@thecars570]

Great guest!

[@swamibr0]

And…. The supreme court killed the chevron doctrine.

[@ikust007]

31:16 totally agree. Work is life . Period . The best way to control the plebe . He is totally right

[@kiranas]

The problem of hundreds or thousands of years cannot be solved woth conventional methods. I have an out of box thinking kind of solution to done all problems debt crisis, dedollarization, poverty, recession, non inclusive growth, that too without changing much like taxes, jobs etc. If at all anything changes, it would be the positive ompact like positive econony growth, happier people, inclusive growth etc. That too guaranteed, that solution will work for atleast 100 years or beyond. Avoid all possible aggression ceime because of recession or joblessness. No violence no war,between countries. Solution is in lieu of royalty, which in fact ALL countries would be haloy that its nothing conpared to the oroblem solved like debt to GDP of more than 100% in most countries would be solved. So royalty is nothing. All countries including USA would more than welcome to oay royalty and get the solution implemented.

[@RobWilliams007]

Would rather have franchises than giant corporations that don’t have a local own the business.

[@Richard-ez6nf]

What an economic insight into the democratic party way of running the country

[@bobbykanae]

The American Dream is more alive than ever, but the path doesn’t look the same. If you have critical thinking and don’t fall for all the distractions and you’re willing to carve your own path, there’s more possibilities than people think.

[@Johnnywalker-vq7kl]

Buddy taxes taxes more taxes interest rates and no home affordability high crome ……are you in the same america as the rest of us?ir are you just privileged?

[@rudeawakening3833]

Yeah ! No shit ! We are a banana republic ! This beautiful country my parents and uncles who fought in WWII has gone down the toilet by the crooked bastards in DC ! Like Nixon taking us off of the GOLD standard !

[@vcash1112]

Not in the housing market and truck market, sure it’s going to cost double. Double the work for what? Something that cost 50% cheaper b4 pandemic ?

[@vcash1112]

@@Johnnywalker-vq7klyep!

[@RobWilliams007]

Raising the capital gains tax - just another way to make sure the middle class can’t get ahead and ruins investment risk.

[@RobWilliams007]

Oregon and Washington tried pilot programs to tax per mile. I am all for lower taxes but if you’re going to tax my GCE for roads, then you have to tax electric cars because they use the road too. I also think bicycles should be taxed because of the cost of all the bike lanes and the congestion caused when they take away a driving lane to put in a bike lane. They use the road too.

[@cc-RUtt45]

This video indicates you don't need a high IQ to be a good investor, just 2 qualities, self discipline and a lot of patience. Investing is mostly about behavioral psychology. How can I generate more income to retire with at least $3m for long term care?

[@Trancredi-nx1]

We share common goal, making sure you are ready for your later years is very important. That's why passive investing works, low costs, better diversification and it enables people to overcome their behavioral bias especially if they engage professional help

[@jtcouch45t]

It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $45k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

[@Aces-user]

I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help

[@jtcouch45t]

I've experimented with a few over the past years, but I've stuck with the popularly ‘’Amber Kay Wright” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up

[@vallmak]

These video titles are becoming really misleading.

[@jeffsurfanderson]

Ubi with set off more inflation any credits of money whether it be Ubi or cbdc is inflationary the Fed needs to realize that its citizens have been punished for what would be 4 years coming up by the next election of 25 percent combined inflation rate what we need is a long bout of deflation I vote for increasing the interest rates to 10% until we get prices down. People need to realize that the spending habits of the United States and its citizens is wrong and need to learn how to save in order to go through the waves of a recession or even a depression needs to happen. It needs to reset everything

[@rudeawakening3833]

Are you running for office ? I’ll campaign for you …

[@RobWilliams007]

You had Art Laffer on - UBI brings everyone to $0 and no productivity.

[@jameskelly9243]

We must have tariffs

[@Johnnywalker-vq7kl]

THANKS TO UNCLE JOES SPENDING…WHEN IS HE GONNA STOP???

[@scarbo2229]

In regard* to!

[@george-e1n]

Mr Lin. When are you going to put on your thinking hat and stop asking socialist questions, What happened when JFK RR BC DJT loowered taxes. Revenue increased, Shrink the size of govt dramatically now is in order. Canada and USA

[@difigfs]

Problem is Trump's spending.

[@markwriter2698]

Shrinking government never seems like an option.

[@wasdwasdedsf]

@@difigfs he doesnt

[@tommygrubbs2053]

Listening to this guy has helped me understand why Trump’s cabinet was such a shit show

[@wasdwasdedsf]

best presiden in modern history

[@cheetorb]

I put more faith in a meteor than our politicians

[@genZetarded]

Why is he not in prison? I thought entire trump admin were jailed for one thing or another

[@jayneweaver8695]

LOVE your handle, what an apt statement. : o)

[@genZetarded]

@@jayneweaver8695 not taking any advice especially finance which has trump association. hey, at least I don't wear horns and wave maga flag over everyone's faces

[@wasdwasdedsf]

lol what?? thats right, the best presiden in modern history, whos polling better than ever, has had everyone whos ever worked with him jailed its not quite that sovieet yet, no matter how much you would like it

[@wasdwasdedsf]

but unfortunately for you, he will have a freewin in the electio, depending on the degree of cheatin theyre able to do

[@filexshtorper846]

Nuclear professor. Nukelar is not a word unless your last name is Palin

[@jayneweaver8695]

That is funny.

[@maureenviola]

Or Bush

[@dianadeejarvis7074]

It's a regional dialect thing. My 8th grade science teacher said nucular.

[@tenplus1025]

If a female buys an electric car…that’s cute. A male who buys one is one step closer to transitioning….in my opinion.

[@Barr894]

Contrary to popular belief, Gold, Bitcoin, Stocks, Bonds, will all collapse as yields rise. However, the US dollar will go up, as it is the best hedge against inflation because when asset prices drop (caused by the inflation) the US dollar will be able to buy gold, bitcoin, stocks, bonds, at dirt cheap prices. The more they print money, the more inflation they create, the more bond yields will rise, the more bigger the collapse will be. To prevent this they will raise taxes, but in the long term this will make things worse as they then create a massive depression.

[@rudeawakening3833]

Gold has been going UP for 5,000 years . Gold is at a historic high .

[@vcash1112]

It’s all engineered !

[@donmarek7001]

Free trade has its limits though. What good are cheap goods here at home if one does not have job or enough income to even afford the 'cheap' good? I recall Ron Paul talking about abolishing the fed income tax along with most of the fed government. But there is too much grift on both sides of the isle, so us plebes are stuck with providing corporate welfare along with welfare to the useless eaters in our society.

[@frmcf]

The girl from The Great Gatsby and Drive hasn't aged well!

[@fernandodoria8717]

David, your KZbin video screens used to be straight, simple and to the Canadian point. They now seem more like U.S. politics video screens, were a commentator has purple hair, wide eyes and an open mouth. Showing words like "Chaos, Russia's Invasion, Depression, All Hell, Wild Moves, Destruction, Nightmare, Death" on the video screens. I wish your video screens would change back to what they were before.

[@tinaevans825]

Nice try....we know who you work for

[@CristianEnacheRealtor]

Good things are coming in Canada. International students peaked. Temporary workers and residents peaked. Home prices peaked. Rent prices peaked. Mortgage rates peaked. We are on the right track. 100%. I know very well what am I talking here. I am posting daily updates about Canadian real estate market, especially in Ontario, based on true facts and experience. #Canada #Realestate #Realtor #CristianEnache #Ontario

[@vineshnaidoo9402]

This guest sounds like a white collar GI JOE

[@ImRickSanchez]

Yes! Cut the chicken tariff. It's why Mazda can't sell their truck here

[@PFlow007]

There's no such thing as free traders... It's such a joke when I hear people talk about being free traders when the average tariff is 300% moreThen what we are putting on other countries...

[@kiranas]

Nothing will work. The problem is unique in hundreds and thousands of years and needs out of box solutions. I have a fool proof solution that will solve all problems of the world, debt crisis, recession, poverty, non inclusive growth, possible famishing hunger, deaths, violence and wars. That too atleast for 100 years and beyond. Of course if Trump is interested in the solution in lieu of royalty from USA and all countries. The best part of that the solution ISS so attractive that countries will in fact be happy to pay royalty and accept solution ASAP.

[@gregcompton2477]

Yeah, like anyone who has worked during the Trump policy years has any idea of reality!! Lost me at that headline.

[@ikust007]

15:57 again using fossils fuel for idiotic explosion engine . This is not the way. We need that material for industrial components . Not for « energy ». Stop it. Focus on real energy : fusion/hydrogen.

[@PFlow007]

You can't have a discussion over tariffs unless you can actually quote what the Tariffs are and from what country... actually do your homework...

[@grantw7946]

Access to US debt/inflation ??

[@stevenbarton5949]

alternate universe, aparently

[@annan7728]

American dream is more like to be a Las Vegas trip, most lost everything and very limited win.

[@jamesruscheinski8602]

each person follow God's leadership of divine will unity central authority

[@maxangeles6279]

Get rid of the social security TAX!!!

[@Boomercon3000]

Make new arrivals pay and deem native born people exempt.

[@markwriter2698]

Once the government starts a tax they rely on that income.

[@richardbell3738]

Stupid beyond belief copper , silver etc will become scarce with prices to high to produce

[@ikust007]

26:48 adaptation? Idiotic . Control now.

[@preciousmetals7114]

In the words of Chris Farley "Or you will be living in a van down by the river" ........

[@PFlow007]

Also never hear me ask any deficit questions of anyone on the left-wing...

[@PFlow007]

I can't stand it when you quote third grade economics... Let me explain something for about the 50th time as a guy who did this for a living for the last 30 years... You can't be a free trader when the other side has 300% more terrorists than you do that's the United States and any country they do business with on the manufacturing front... Why don't you do a little bit of homework all you have to do is just say here's a country here's their tariffs here's our tariffs... I'm not sure why everyone such a big fan of the show the question is honestly are fifth grade.... Why don't you ask the question hey there's a lack of tariffs which allow other countries to steal our jobs

[@jimmillward3505]

well just as the great George Carling once said...."They call it the American dream"....because youve gotta be a asleep to believe it.

[@rudeawakening3833]

George Carlin . “ it’s a big club , and you ain’t in it “ He said that as well …

[@lucanidae100]

On the other side of the coin is that we can easily take the last drop of oil rapidly from our only planet. People love to drive around in circles all day going nowhere. Lower gas prices? means only one thing and that is that people will drive around more and they will all want gas guzzlers and scream when there is no fuel left.

[@Boomercon3000]

There is no last drop of oil.

[@markwriter2698]

Actually, I remember Rush saying the same thing. However, if we go all in on electric cars, the cost of electricity will go sky high. Mainly to cover the cost of more power stations, but also because we will have no choice. Pretty much catch 22 . Anyway, no free ride.

[@careymeaway2024]

The Coming Retirement Crisis Explained by Raoul Pal... interesting what this video says...

[@alphaomega1351]

Ain't no retirement crisis. The government can print 🖨 money for nonstop wars, to pay off excessive college debt, quantitative easing and anything else. So printing for retirement for a bunch of elderly people shouldn't be an issue. 😳

[@illfunk1967]

All politics and one sided view

[@PFlow007]

It's like a fifth grader talking about tariffs... Seriously asking questions at a fifth grade level... do tariffs hurt the lower class... Shipping all the jobs to China and then acting like you're doing it for the lower class is a bunch of b*******... David Lynn should know to ask questionsLike this instead of his stupid left-wing communist question

[@jmwSeattle]

UBI would fund grub and gang groups.

[@markcoleman8568]

Just use them to fund Social Security for the next 50 years

[@tankimlai293]

Casey knowledge too shallow.

[@martinross6416]

Nobody can be productive if they don’t have affordable health care.

[@Boomercon3000]

Healthcare cant be made to be affordable. It certainly isn’t going to be more affordable with the influx of new bodies.

[@jeffcasper5844]

Health insurance and car payments are about the same number on average. Gym memberships are 15% of that spent on fast food monthly as well. The government isn't the only ones with poor budgeting and misplaced priorities.

[@kevinw2569]

The economist's back drop is really bugging me. Is it real or not....what is it?

[@HubertGeorge]

Focus on what's important.

[@blondelion7918]

Might be University of Chicago in the background. View point is just south of the city with the lake on the right hand side. Just a guess.