The Chart That Proves You’re Getting Poorer Even When Your Portfolio Goes UP!

Austerity? WTF… HOW about we tax the 1: at 90%

I mean, RE getting rid of it… the young have nothing. and part of that is it gets so unsustainable with how the deficit works and how we become the most expensive labor and need to offshore everything. I would wonder if the young would notice a standard of living change even if it was adjusted? I suppose they would because a lot live with their parents and if they are then broke that will flow down (?)/ TL/DR: people say to remove it because how can the trajectory the youngest are on be sustainable anyway? And that comes from the reserve status.

The dollar and all world fiat currencies are ponzi schemes nearing the end of their life cycles when debt interest exceeds the ability to tax and pay that interest (Debt to GDP). The tiny hat global banking cartel that controls all currencies is planning to collapse them all simultaneously so they can roll out their new digital currencies. The best play is to short these currencies via long term debt that can be paid later once the currencies become more and more worthless. Gold, silver and arable land are also good hedges.

I didn’t know JD was an economist, I thought he was a lawyer. Austerity? Why don’t we start with vastly bloated military budget?

The most valuable thing US makes is world trade order/security.
& the worlds largest asset holders & commodity distributers know this x100.

Gold and silver dramatically devalued in the generations following Christopher Columbus's 1492 voyage due to a massive influx of precious metals from the Americas. This phenomenon triggered a 150-year period of hyper-inflation across Europe known by historians as the Price Revolution

Inflation is going to RIP.

This is a planned event to fundamentally shift the monetary policy and how we do things. The solution to keeping our economy from breaking is moving to a block chain currency with the government being the holder. I would not be surprised that this end of the dollar is also the final push to a cashless society. So here goes governmental control. A flick of a bit and your ability to transact will stop. Digital currency allows that level of control that a physical cash society does NOT have.

Never let a good crisis go to waist. Especially when it's a manufactured crisis based on policies and decisions.

The problem with manufacturing is the people at the top don't want to share the wealth they are greedy. Example Walmart they make billions in profits a year while their employees have to have food stamps and medicaid because they don't pay them a living wage

It is interesting to note that our current situation with Iran started over this "curse of resources". Starting in 1933, the AIOC (would become British Petroleum) kept 84% (or more – they wouldn't allow audits) of the profits from Iranian oil. This eventually led to discontent, the Shaw fleeing to Great Britain and Iran voting to nationalize the oil industry after the AIOC would not renegotiate the 1933 deal. Rather than renegotiate, the U.S. (CIA) and Great Britain helped the Shah of Iran to re-assert power and reverse the trend in Iran towards democratic rule. The discontent over this and other issues festered and eventually led to the overthrow of the Shah's government. Unfortunately for the people of Iran, the new replacement government was probably worse than the one they got rid of. Maybe we should call that the "Curse of Revolutions." You never know how revolutions will turn out.

01:01:05 shows the difference between the level of intelligence and wisdom tom has compared to drew. Then again, it takes everybody years to grasp. I am at awe just how patient tom is at explaining, he may not be a dad but sure has fatherly traits

There is no way to save the dollar. US debt cannot and will not be repaid, period. What a joke to think it would be.

The question is what will happen to society and our culture when it happens. Will it happen fast or slow, chaos or no chaos.

Yeah "the country's economy is growing"… Just like Germany in 1923. A country full with billionaires.

I love the reference to the mineral contracts great way to put it.

Could they make a crypto dollar of 100 Trillion to absorb the debt. Buy the debt plus a couple years of growth and then that is the max. No more then 100 Trillion and no more debt backed money. After we reach 100 Trillion no more crypto will be created. Then a slow unwind of deflation begins but they will need a balanced budget using taxes. No more printing money.

The US is a Banana Republic, Trump has accelerated this by two decades

I’m 4:30 into this and as I’m typing this I was going to ask how long before I get told to invest in gold. 😂 I didn’t get a chance to finish asking my question before it was answered!

We keep focusing on the US. Have we examed the whole system from other countries' perspective? To them, the US is their "resource" that they depend on. We need to invent some new ways to reduce national debt. Can you break down the national debt by owners?

Tom and Andrei… legit power couple and probably my 2 favorite sources of information and insight on the internet.

Every time you use the r word, you make yourself small

This guy is cia

2:06 Bessent: "Slow motion dedollarisation… initial stages be $ rally"
Doesn't make sense. When Japan, Saudi central banks, state investment corps, corporates, individuals dedollarise, they will first sell their $ assets first to repay $ loans. So the outcome is likely little change on $ exchange rate but a big bear market for $ assets like US treasuries, shares of Mag 7, and US real estate.