WARNING: I will NEVER ask for your contact info in the comments section, that is someone impersonating me!

@johnq1926

14 күн бұрын

Would give it to you instantly if you ever did!! 🥰🤩 l Love your stuff! Keep it up brother!!

@HKashaf

14 күн бұрын

@@johnq1926thats exactly why he said that

@elmerallen620

14 күн бұрын

Bill Clinton didn't show anything about balancing the budget. It was Ross Perot. People are not open for a third party party.

@lppoqql

14 күн бұрын

Generally speaking David Friedberg is a well balanced person.

@alanmrsic893

13 күн бұрын

In Gold we Trust!

As Milton Freidman said: "When you spend somebody else's money, you don't care how much you spend, because it's not yours."

@dmo7815

10 күн бұрын

The Department of Education is administered by the United States secretary of education. It has 4,400 employees - the smallest staff of the Cabinet agencies[5] - and an annual budget of $68 billion.[6] The President's 2023 Budget request is for $88.3 billion .

@jakeforrest

10 күн бұрын

Milton Friedman talked about the four different ways of spending money. 1) you spend somebody else’s money on somebody else - you don’t economize and you don’t seek highest value. 2) you spent somebody else’s money on yourself - you don’t economize, but you do seek highest value. 3) you spend your own money on somebody else - you economize, but you don’t seek highest value. 4) you spend your own money on yourself - you economize, and you seek highest value

@jakeforrest

10 күн бұрын

kzread.info/dash/bejne/iqeGzZuLhMutpJM.htmlsi=9VBabMV8IbBg0U7i

@stacyliddell5038

10 күн бұрын

@@dmo7815 yep, they just continue to print, tax and spend. The entire budget is now $7 trillion. Crazy.

@XZH-le4cx

10 күн бұрын

Our Government is a reflection of the people (we the people) yet in denial of a perpetuating problem of endless debt, 🤔…

Inflation is vicious regressive taxation on the poor and middle class.

@aspensulphate

5 күн бұрын

I think of it more as _theft._

I grow vegetables for myself to make "stuff.". Ordinary people producing stuff at home, and not being heavily extracted by gov and by BlackRock, is sustainable. All these suburban lawns should be haying for horses and other livestock, and ultimately, the horse manure, adds to soil fertility. You see invasive vegetation everywhere that has to be landscaped. All that unwanted vegetation can be fed to goats, or cut straight to garden mulch. Growing vegetables is a soul remedy to the high fructose corn syrup dystopia.

@E_Clampus_Vitus

7 күн бұрын

Seriously folks, food shortages are heading our way. Grow your own food 🍲

@domokun845

6 күн бұрын

High fructose corn syrup giving me gout is real.

@faithsrvtrip8768

5 күн бұрын

I agree. I hate lawns. I'll know it's bad in the US when HOAs let people dig up their front yard to plant food and let them have chickens in the back yard. Ask North Koreans how well people survive on grass. Answer? They don't. Grass and hay are animal feed, only.

@griffinsdad9820

3 күн бұрын

Imagine the massive potential cottage industry from turning lawns or whatever parable land or even vertical garden boxes into food gardens! The cascade of awesomeness to our environment and ourselves is mind blowing

@E_Clampus_Vitus

3 күн бұрын

@@griffinsdad9820 Self watering containers are legit too. Great for water conservation.

The problem with Monsanto is not about altering seeds, it's the ownership of the seed source which is the problem. They have the potential of owning the food sources

@countrysister700

9 күн бұрын

Heirloom seeds. Vacuum sealed and or freeze dried

@erinl1730

8 күн бұрын

there's a problem with altering the seeds also to withstand pesticides. And yes patenting life, is not a good policy.

Tom you need floating floor mics. When you clamp them to the table, everything someone's hand hits the table our speakers pick it up

@t3r083

13 күн бұрын

Seriously can’t believe at this point his audio quality is so mediocre

@dannybrown5205

13 күн бұрын

@t3r083 I'm sure he wears many hats. Just needs an obsessive perfectionist on his team looking at these things. Surprised nobody has caught that yet. Perhaps his people have gotten comfortable. The fear has faded away.

@alicassidy8913

13 күн бұрын

Drove me crazy in my headphones

@lowlines3239

13 күн бұрын

agreed. time to get pro, the thuds gotta go.

@IJustHitTheFan

13 күн бұрын

clamping to table is fine, if they're suspended in a "flloating box", which they are not

Your vote means nothing in when lobbyism is legal. This guy keeps talking about voting, and thinks there is a democracy, when the cold hard truth is there is no democracy.

@thesequelvintage

14 күн бұрын

The illusion of choice is the greatest weapon for the rich.

@luizmonad777

13 күн бұрын

there is democracy, it is working exactly like all democracies always worked. a system is what it does. what you're seeing isn't a failure of democracy, but its purpose, its working precise as it should.

@willl7780

13 күн бұрын

1000% correct...all we can do is buy gold and silver and waite

@themilkman7367

13 күн бұрын

@@luizmonad777 Let me be clear. There is NO democracy. Your vote doesN'T matter. Why? Because Mr. or Mrs. Lobbyist comes along with a big sack of cash or cash equivalents and tells those "elected" people to do what they want. Simple as. You can "vote" for who you want, but your "vote" will never supersede monetary compensation.

@millennialfalcon7291

13 күн бұрын

There's no future without transparency and responsibility ... all I see is corporate greed/corruption multiplying every God given yr! And it goes globally ... scary af

The government raided the Social Security Insurance fund. The government won't negotiate lower drug prices with drug companies, because drug companies buy our politicians with campaign contributions. The guest failed to mention this.

@JE-bd3wu

13 күн бұрын

Please explain in detail how govt raids social security funds. When you fail to do so please reconsider whatever source told you that and learn how to make better decisions in your life. it's truly embarrassing for humanity.

@Icarianbrother

12 күн бұрын

@@JE-bd3wu George W. Bush White House Archives- How much has the government taken from the Social Security fund? The Government Has Borrowed $1.7 Trillion From The Social Security Trust Fund. The government has borrowed the total value of the Trust Fund to pay for other government spending.

@RhettAnderson

12 күн бұрын

Social Security didn't start with a loaded trust fund. The fund (there are two funds, one for disability and one for retirement) goes up when there is a surplus in payments in vs payments out, and down when there is a deficit. The money being paid into the system goes to the people getting paid by the system. I think people misunderstand the trust funds. They are just a buffer. There isn't a pile of cash in the funds. There are government obligations. So, really, it's not separate from the money printing problem. It's part of it. "Raiding" isn't what most people think it is in this case.

@stoicvoyager6545

9 күн бұрын

@@JE-bd3wu Social Security ran surpluses for many years, the money was supposed to be put aside for population increases in the future (now). But instead of putting it aside they rolled it into the general funds so they could give tax cuts to the rich. The truth is that social security and medicare pay for themselves and aren't the problem. It's actually you that's ignorant here and an embarrassment to humanity.

@carlkligerman1981

8 күн бұрын

He also failed to mention that corporate welfare is a far bigger drain on the public purse than all social programs COMBINED!

His assessment that politics is run by advertising free stuff to the voters seems inaccurate to me. It's more like a political candidate appeals to the interests of powerful donors to fund their campaign, and once the powerful donors have picked their candidates, the regular voters are left to choose between a handful of corrupt options.

Federal Reserve prints money = no problem. Citizen prints money = counterfeit felony. Got it 👍🏻

@whiteorchid60

14 күн бұрын

Highway robbery. Does anyone see problem with printing $? (Rhetorical) Nothing is free. In the end, we pay for it all. We are not being helped, it's an illusion. We're paying for the printing of $. No wonder we are where t are in prices!

@BB_Icee

13 күн бұрын

I learned that when I was 11... do more research

@bradj229

13 күн бұрын

​@@BB_Icee You're a savant man. Amazing!

@vickikenton5439

13 күн бұрын

Print food, not money. Hatch quail, take their fertile eggs in 6 weeks and incubate them for more quail who will lay more eggs in 6 weeks!

@willl7780

13 күн бұрын

What's realy sick is rich people and china making crap loads of money on treasury bills...driving up our debt and making a ton of money while we get skrewd

A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years. These nations have progressed through this sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to apathy; From apathy to dependence; From dependence back into bondage. - Alexander Fraser Tytler 1747-1813

@mpvmenon

14 күн бұрын

Great comment!

@joshhoodrat451

14 күн бұрын

@@mpvmenon “A society that puts equality - in the sense of equality of outcome - ahead of freedom will end up with neither equality nor freedom. The use of force to achieve equality will destroy freedom, and the force, introduced for good purposes, will end up in the hands of people who use it to promote their own interests.” -Milton Friedman

@johnatchason6506

13 күн бұрын

...and then Argentinians elected Milei. I'm not as big of a fan boy as these rich guys are, but I'm willing to wait and see how he does.

@chiragmehta8212

10 күн бұрын

So true. Wish we could break this cycle. Too bad america will fall like this.

@maverickbull1909

8 күн бұрын

We’re at apathy and dependence. Next up: bondage

Printing money during COVID was a catastrophe that transferred wealth in terms of real assets from the poor to the rich

@mwilliamson4198

12 күн бұрын

It was mainly the lockdowns that did that. The "money printing" certainly contributed to greater income inequality indirectly by driving asset markets higher. Some people like Raoul Pal argue that the ongoing currency debasement is mainly done in order to offset the demographic issues that plague not only the US but all industrialised countries.

@tobytilsed5333

12 күн бұрын

@@mwilliamson4198 what would those demographic issues be precisely?

@AS-cv8dc

11 күн бұрын

Covid. What a joke.

@tobytilsed5333

10 күн бұрын

@@mwilliamson4198 I'm waiting

@E_Clampus_Vitus

7 күн бұрын

Largest transfer of wealth in human history ✡️

borlest forbidden money books (thank me later)

@biffhenderson5625

13 күн бұрын

By Darwin?

$30 Trillion in debt… but weve got hundreds of billions for Ukraine and Illegal immigrant benefits.

@skippy6086

13 күн бұрын

Federal "leaders": Supply more weapons for other nations and start more wars? Yes. Help struggling citizens? No way!

@user-xp5id1kh4r

13 күн бұрын

We haven't even given them $200 billion yet... so, no... we don't have hundreds of billions for them yet. Not that that matters anyways, an extra 200 billion on 30 trillion is literally fractions of a single percent of debt increase... AKA, basically unnoticeable. If you actually cared about the US debt, you'd name something that actually matters and drastically affects US debt like social security or Medicare/Medicaid or half a dozen other federal programs that actually affect the US's federal debt count. But, of course, you don't care about things that actually matter, because you're trying to make a narrative that we're spending "insane" or "ridiculous" amounts outside of the country on things that don't affect Americans, and that that's why we're in such a tough financial spot.

@noseyparker6969

13 күн бұрын

@@user-xp5id1kh4r Plus it's closer to 35trillion.

@bhindigosh1

13 күн бұрын

Don't forget money to israhell

@kyle6781

13 күн бұрын

​@@user-xp5id1kh4r200 billion JUST to ukraine.. look what we give NATO yearly, WHO, and aid to the dozens of other countries. I'd guess all our foreign aid and NATO bills equals over 500B yearly.

Wait a minute! Does this guy think there is a politician who ACTUALLY gives a shit about the debt? Funny stuff

@xokelis0015

14 күн бұрын

I don't think you'll be laughing when what he's talking about actually comes to pass. Also no politician just "is", you're a voter, you chose him, take some responsibility. We need to figure out a way to stop moochers from voting.

@4thworldwilderness390

14 күн бұрын

​@@xokelis0015 holy crap, if you think the political system is "of the people" in ANY way.... I'm sorry you are so far behind the curve, I don't see how you could ever recover. It will take at least a decade of research and observation to form a proper analysis of reality. We have less than a decade before life becomes unimaginable to the average human. 😂

@krellin

14 күн бұрын

@@4thworldwilderness390 if its so obvious that your system is not "for the people" then yoru founders foresaw that and gave you rights to bear arms no matter how you turn it its the responsibility of the people in the long run, to keep your politicians in check, but to be fair they use all sorts of smart ways to dum down average people and program them to be what they are

@eyecubed85

14 күн бұрын

Rfk says debt is our existential crisis. Wake up. We have someone who will attempt to fix some very real things. Stop playing culture war and let’s solve problems.

@nerolowell2320

14 күн бұрын

delusional guy, living in La La land

Friedberg is my favorite of the All-in group. He speaks when he has something valuable to contribute and does not bother with useless trivia. Please never leave the Podcast, it would be nothing without you

@seanpierre1338

7 күн бұрын

My favorite is jason! Always has intelligent and important things to say, and has really good predictions

Federal reserve is not federal, it's private bankers. The US government borrows from the federal reserve and pay interests to those bankers.

@mwilliamson4198

12 күн бұрын

Yup. The most recent one is the myth that the Fed is independent of the Treasury. Which is another myth that is quickly dying

@E_Clampus_Vitus

7 күн бұрын

It’s not federal and there are NO reserves! 😂

THIS IS WHY I WERE FOUNDING FATHERS DID NOT WANT COMMUNISM OR A CENTRALIZED BANKING SYSTEM. ALL POLITICIANS ARE CROOKS 😡☝️😊

@willl7780

13 күн бұрын

Without fiat currency we would not need a central bank...central banks are the real empire killers

@vt6020

13 күн бұрын

Communism didn’t exist at the time of the Founding Fathers.

@tzardelasuerte

13 күн бұрын

Lol communism in the time of the founding fathers? Read a book.

@alicassidy8913

13 күн бұрын

Woodrow Wilson

@vt6020

13 күн бұрын

Communism didn’t exist at the time of the Founding Fathers, and the Federal Reserve is centralized banking.

Speaking of GMOs like they don't come with strings attached is very misleading. Just look at Monsanto and how aggressively they pursue royalties from their breed of rice. If you plant and grow their roce seed, your field essentially belongs to them. That's not to say nothing of the unknown health concerns stemming from GMO foods.

@populisttrope9385

13 күн бұрын

He was an executive at Monsanto

@user-xp5id1kh4r

13 күн бұрын

After their contracts ends, they can always stop using Monsanto's seeds and go back to old varieties... but, there's a reason why the average farm doesn't.

@YoungBlackTrep

13 күн бұрын

​@@populisttrope9385sold his company for 1B to Monsanto

@BusyAir

13 күн бұрын

I've read that stray seeds that blow into neighboring farmland then become Monsanto's, too.

@altdoom5205

12 күн бұрын

@@user-xp5id1kh4r Once you plant GMO, the land can no longer support natural.

The problem is the Government is not "giving" the American working class anything. We were forced to pay into the programs and then the Government spent it all knowing people were going to eventually have to be paid back.

Note, Tom is a GREAT listener. People in leadership positions that are affective are great listeners.

What happens if you vote somebody in and the person ends up being a liar and does exactly the opposite of what they campaigned on? That's what happens all the time. So, voting is not the answer because people change all the time. They're coerced they're bribed, they're blackmailed. There's all kinds of reasons.

@kellyname5733

13 күн бұрын

Your describing our political system today and for the last 50 years

@alicassidy8913

13 күн бұрын

They tell us one thing and do another

@MrManny075

13 күн бұрын

You have to look at Congress and the Senate to see voting is a BS scam many of them are older guys who have been in their seats for decades and guarantee a win all the time,

@intentionalinfluence3542

13 күн бұрын

They should have to actually submit proposal ma to the public, we approve them & then if they don’t follow through they go to jail. You should go to jail if you promise the public one thing and do another. Oh wait, that would imply accountability.

@Questioneverything982

12 күн бұрын

You have three choices and two have them have already run the government so you know what they will do which has put the US where it is today! So the only choice is RFK Jr which is going to give the country back to the people.

Same argument that has been rehashed for the last 50 years in the US.

@johnbuckner2828

14 күн бұрын

Here is what AI had to say about SS 50 years ago: “The 1974 amendments to the Social Security Act addressed these concerns by increasing payroll taxes and benefit adjustments. These changes helped ensure the program's solvency for several decades.”

@matthewsmith2362

14 күн бұрын

Well get SS in 30 years but it’ll be 2600 a month and the cost of a studio will be 6000 a month.

@johnbuckner2828

14 күн бұрын

@@matthewsmith2362 I was thinking the same thing, and I’m glad I have my house paid down. Probably the only thing that will save me.

@kellyname5733

13 күн бұрын

@@johnbuckner2828 Your paid of house or anything else will be taken by our Govt. 'You will own nothing and be happy'.

@johnbuckner2828

13 күн бұрын

@@kellyname5733 rentals, subscriptions, cbdc, ubi, 5 monopolistic global corporations, but restrictions on my soda size & travel distance.

@02:07:55 Its not that GMOs are bad necessarily, its that some of the biggest disasters that happen to us have come from human intervention by a centralizing authority and on an industrial scale. The real GMO skeptics are skeptical of the claims that GMOs are "safe", because such a claim will only play out in time. We won't know the negative effects, if any, of those GMOs potentially for decades, so people should be skeptical of the "safe" claim. It's like how Fauci couldn't have known if the jab was safe or not, yet he loudly and proudly proclaimed that it was. Well it wasn't, and all the alternative treatments which were decried as conspiracy theories and doctors were silenced over them ended up being correct. I'll never give up my horse medicine. Be skeptical of things that have only been around in the short term. The negative effects sometimes take decades to play out. Just look at how bad vegetable oils and high fructose corn syrup has been for us.

@robynopenshaw5268

11 күн бұрын

100%. The scary thing about this guy condescending to those in FL etc he claims who are just defending the meat industry … I’m a vegan and stand with DeSantis on this! … we won’t find out what lab grown meat and food does to us till 20 years later.

@nathanmezenghe589

8 күн бұрын

"some of the biggest disasters that happen to us have come from human intervention from central authority on industrial scale" 👈🏽 💯 This was so obvious during the covid, like why force mRNA vaccines on people when millions pros & non pros are skeptical 🫤

@andrewm5612

7 күн бұрын

Every breakthrough technology is a double edged sword by nature. They’re paradigm shifts that inevitably destroy precursor industries and replace them with new ones. If you recall he laid out his worldview on these kinds of technologies an hour before the GMO discussion and essentially said top down gov regulation cripples their growth and that these technological leaps are worth the risks as humans have historically fine tuned them over time. We don’t use lead pipes anymore, we don’t use asbestos in insulation, we rotate crops now instead of destroy the topsoil, we pasteurize milk, we have expiration dates on food, we have workers rights, etc etc. as technology becomes more groundbreaking it undoubtedly comes with higher risks but there’s no reason to believe we can’t combat them and we certainly shouldn’t willfully retard the trajectory of humanity out of fear of the unknown. Even our most prehistoric ancient hominid ancestors left the canopies of the trees and become bipedal. It’s not only philosophically unsophisticated to accept a certain threshold of technology as being the idea human condition it’s literally inhuman to do so. Our entire biological and civilizational trajectory is defined by rapid and extreme adaptation and innovation. Any reasonable and thinking person approaches new concepts with skepticism but GMOs have been on the market for 50 years and as he pointed out have contributed to a surplus in food resources globally and has aided entire swaths of the population. He used the gmo “golden rice” example to illustrate this fact. The same is true with vaccines and RFK has recently shifted societies understanding on them to a great extent but even he concedes that the risks, though present are minuscule relative to their net positive. He’s the biggest public advocate for pharmaceutical transparency in the country and even he doesn’t delegitimize the vital role they play in modern society. In fact every time I’ve ever heard him talk about vaccines he always makes a point to tell the interviewee/audience that him and his kids are all vaccinated.

@andrewm5612

7 күн бұрын

In fact if i recall correctly RFK has never sued a pharmaceutical company to cease production or distribution of vaccines he’s only ever sued against willful deceit/coverup and refusal to acknowledge adverse symptoms and compensate victims.

@jhubbard7256

7 күн бұрын

Food ‘protein’ grown from sugar in a fermenter tank…vs animals raised on vegetation grown in soil and sunshine - kinda like fake eggs or corn/soy feed for chickens vs farm fresh pasture-raised organic eggs. Completely different nutrition profile.

The success of Amazon is a little more complicated than that, especially if you know anything about their policies in regards to affiliated seller sites, exclusivity deals with manufactures, noncompete, clauses, etc., etc..

A lot of us wouldn't be worried about our income going up If everything didn't keep continuously getting more expensive! If I made what I make now, but everything was the same price it was 15 years ago, trust me, I'd be satisfied.

@whiteorchid60

14 күн бұрын

Amen JT

@kellyname5733

13 күн бұрын

Your J O B stands for 'Just Over Broke'.

@newchallengers9420

13 күн бұрын

You can't see how that's mathematically impossible??? Lol wtf

@user-xp5id1kh4r

13 күн бұрын

Tell me you know nothing about economics without telling me you know nothing about economics, lmao

Please fix the mic so guests can freely thump the table without us hearing it. Lots of boom booms in this very important and valuable podcast.

@ghost9-9ghost

13 күн бұрын

Why is a few extra noises a problem? You can't focus with any level of external sound other than the voice?

@stephensaucedo6295

13 күн бұрын

​@@ghost9-9ghostthey cannot obviously if they felt so compelled to spend the time to post a comment about it.

@ghost9-9ghost

13 күн бұрын

@@stephensaucedo6295 yeah...and that's sad....how screwed up does someone's brain need to be that they can't handle the slightest audio imperfection?

@alicassidy8913

13 күн бұрын

He did it constantly throughout the podcast.. I had to take my headphones off

@cleanerclimate278

13 күн бұрын

Only in reading this comment did I start noticing it - 😂

I enjoyed this talk much more than the past 2. Great job. It felt like less persuasion and more education. Solid ✊️

Voters will never vote for less. DC will never limit or stop its spending. The solution is to pass and ratify a statutory constitutional limitation on spending through the Article V convention mechanism in the Constitution. 19 of the 34 required states have already done this and if you will help educate folks about this option it could be a viable solution. Thanks

@E_Clampus_Vitus

7 күн бұрын

The solution is to force the legislature to pass a bill that bans ALL sitting members of congress from seeking re-election should they exceed the budget.

@monkeysezbegood

7 күн бұрын

Remove corperations from govt . Rfk Jr.

@E_Clampus_Vitus

7 күн бұрын

@@monkeysezbegood Better off removing government from corporations

I have NOTHING!.... therefore, i dont give a FUCK!😂🎉😂🎉

@butterfly2604

14 күн бұрын

I'm a poor Fuck too😂..But I have my brain left to keep the hope and keep trying change to it up..😂

@mattsmith259

14 күн бұрын

@@butterfly2604 lol 😆

@julieterrell1973

14 күн бұрын

Im broke, but I had HOPE... I guess I spent that at the grocery.

@3CS_

14 күн бұрын

Ironic isn't it. Uncle Sam wants you to go to war for nothing? Pure stupidity

@crandonborth

14 күн бұрын

You definitely aren’t the only one… 😂

There's one thing you can always count on. These extremely rich guys always blame the middle class and poor for the countries financial issues.

@TrueLife..

14 күн бұрын

Yeah these people are full of shit

@pdcdesign9632

14 күн бұрын

THEY ALWAYS USE THE "PULL YOURSELF BY THE BOOTSTAPS" NONSENSE. MANY PEOPLE DONT EVEN OWN BOOTS.

@jarvanwildrift8056

14 күн бұрын

Correct biggest companies tax about 10% and they also invest to avoid tax on profit.

@LegalAutomation

13 күн бұрын

​@@jarvanwildrift8056Corporations don't pay taxes. Humans pay taxes. Corporate taxes should be abolished.

@kellyname5733

13 күн бұрын

@@LegalAutomation corporations dont pay taxes. C'mon get up to speed.

Great conversation. Thanks for letting us listen in. Here’s to life-long learning from the very best for free.

In the future, a space cowboy will lasso a heavy metal asteroid and bring it into Earth's orbit for mining, causing gold and platinum prices to plummet.

@DaysOfFunder

13 күн бұрын

To achieve this and cause a crash it needs to be done quickly. To achieve this quickly requires funding. To take on funding requires debt, which when transformed to revenue will balance everything out. That's my thoughts

How about food not being able to produce infertile seeds for GMO plants? Farmers produce plants and are left with no seeds. Farmers then have to buy the seeds and become dependent on these people. They become disempowered and not free to produce their own seeds. I think it’s incredible that they didn’t touch this issue that is totally connected with the FREEDOM to control your own seeds.

@enotdetcelfer

14 күн бұрын

Farmers need to stop making a deal with the devil for higher yields then. GMO is a freak that outcompetes what would normally be a supporting ecosystem. Buy some portion normal seeds and start rebuilding organic stock before it's too late. Population is going to decline naturally soon right? We don't need to push GMO into unsustainable land then. We need to start thinkin transition and sustainability across the board.

@crandonborth

14 күн бұрын

As a farmer… not true. First of all corn does not produce its own seeds as corn is not an actual species of native plants. If humans stop planting corn, it would become extinct in about three years. As for soybeans we we buy seed as it’s tested and treated to repel bugs from eating the seeds in the ground and you’re not even supposed to grow your as you need to introduce new genetics into your stand every year.

@AlexofCharmCity

14 күн бұрын

You might want to read about what this man is doing with his company today. Your question is his whole life each day with his current job.

@vvvvxxxx9999

14 күн бұрын

There isn't equal opportunity. Not even close. The poor have increased regulations costs and hidden taxes. The 'successful' are not providing living wages. That is the issue. The earnings really aren't all theirs. Corporate ' persons' without any social obligations. Meanwhile they regulate the crop out of me with hidden taxes.

@vvvvxxxx9999

14 күн бұрын

It's ok. Their children will live here. One way or another the wages will be paid. That is a promise!

For productivity to increase we have to actually produce stuff here in the US. Tangible stuff, not just GPT chat bots.

Our Government is a reflection of the people (we the people) yet in denial of a perpetuating problem of endless debt, 🤔…

Dear Nerd Bro, Nobody CARES about how much money you have. WE WANT HOUSES. We want to own a home that we can pass on to OUR KIDS. The Middle Class is DONE in America.

@charlielee3945

14 күн бұрын

You can have one Go buy land and go build your house People are so out of touch. You think what’s going on since 1950s was the “American dream” lol you were sold a lie by bankers wake up You are a completely dependent, low economic productivity. The bankers don’t care to sell you anything anymore You need to go buy LAND to pass down not a “house” you didn’t even build that’s shit to begin with

@pdcdesign9632

14 күн бұрын

Not just any house, affordable and in a decent location. Don't fall for that trap.

@DailyPragmatism

14 күн бұрын

This truly is about 95% of what matters today. Very complex in terms of what is driving costs and unaffordability, but the main problem is simple. Until costs plunge by 50%+, the American dream is legitimately dead. I don’t see how more politicians don’t see this aside from being completely out of touch.

@buy.to.let.britain

14 күн бұрын

i dont work to own nothing. only a slave does that.

@buy.to.let.britain

14 күн бұрын

they want your kids to rent off them. why would they change that ?

Great explanations, thanks for this

Improved productivity is great, but not if it’s priced to gouge people. If corporations expect 20 % and 30% margins on a yearly income cycle, all the productivity in the world is not going to solve the problem. The problem is greed. Corporate greed, wanting to make 20 to 30% or more per year as an average gain is criminal when wages are stagnant or effectively at a net negative growth in relation to inflation.

I love this channel. I listen on my headphones. One request. Can you please stop tapping the desk, your microphone booms. Thanks

This is awesome, I always want to hear more of Dave’s points on All In. He is definitely the highest signal person on that pod.

He say he is a single issue viter but then don't mention RFK Jr, the only man speaking about the National Debt. Why do people ignore Independents and 3rd party? Its frustrating. "Its a wasted voted".. No it is not if everyone votes Independent or 3rd party. That would start with people like him promoting 3rd party..

@Mastermindyoung14

14 күн бұрын

$hare Holder$

@garythecyclingnerd6219

14 күн бұрын

Because if you actually care about national debt, just vote Dem. Republicans blew up the debt. Clinton had a surplus which Bush blew on the GWOT, the Great Recession, and tax cuts. Then Obama spent his entire presidency reducing the deficit every year in office and was on track to be paying it down. The Trump blew it up again and Biden has spent his presidency reducing the deficit again, and using quantitative easing to reduce the money supply. Anyone who cares about the national debt and votes Republican is unserious

@TOMReefer

14 күн бұрын

I get frustrated too

@MichaelPflaumer-hy7sk

14 күн бұрын

Definition of an independent- You can choose between a or b. Independent: "we want to choose c."

@lennomenno

14 күн бұрын

Because we’ve been hearing how the national debt is going to implode American civilization for eons now and nothing, besides inflation,ever happens.

This is one of the best discussions I’ve ever listened to. Thank you! 👏 👍

Comparing one fiat currency against another, and saying one has gone up in value against the other, is like being on a sinking ship in the ocean and looking across at another ship that is sinking faster, and thinking you are being lifted up. In this scenario something with intrinsic value, like gold, can be compared to dry land, which is not sinking.

I’m curious as to why in the first 5 mins Tom mentions Trump and Biden and how neither is giving a plan to stop the spending yet he did not mention Bobby Kennedy who has mentioned in his campaign all the issues he’s going to fix including the spending.

@garythecyclingnerd6219

14 күн бұрын

Except Trump massively increased the deficit and Biden massively cut it. Under Obama, we had steady economic growth, low inflation, and the deficit reduced every year. If he had a 3rd term, we would be paying down the debt.

@Mastermindyoung14

14 күн бұрын

@@garythecyclingnerd6219 Biden is on track to break Trump's atrocious inflation record. Biden is cooked. Fighting over those 2 is absolutely INSANE

@jullian2598

14 күн бұрын

@@garythecyclingnerd6219 the last two presidents had increased the deficit by more than all previous presidents combined and its pretty much half and half. Federal spending has not slowed down but the growth of the real economy has and the farther the two separate the more apparent the issues will be.

@FibbonachiCrusader

14 күн бұрын

​@garythecyclingnerd6219 this is a fantasy. I am not a fan of Trump, but no where does the data indicate we would be 'paying back' the debt if Obama's policies had only been extended 4 more years. He would have had covid to deal with, and would have turned on the money printer, jacked inflation and increased the rate of dollar debasement. Trump is incompetent, but neither Biden or Obama were fiscally responsible.

@zyzzer

14 күн бұрын

​@@garythecyclingnerd6219I've heard some insane lies in my day but this comment is probably top 5 now. You're either benefiting financially from these lies or you're just so ignorant of reality you must Biden is doing a "great job"

I would argue that benefits given to people in this country are very neglible in comparsion to spending on non-sensical wars.

@brainchildguru

11 күн бұрын

You’re actually completely wrong. We spend TRILLIONS a year on entitlements. We spend under $1T on defense.

I don't need AI to write 100 novels a day, I need it to build 100 houses a day.

@jeremyreinhold3620

12 күн бұрын

Then land would be scarce and the price of a house would be mostly land scarcity.

@johnatchason6506

12 күн бұрын

@jeremyreinhold3620 you are correct in some cities... But have you ever been to Tokyo? Land scarcity in American cities is a joke, constrained by local NIMBY cartels who benefit from artificial scarcity. It's not just the nimbys, it's complex. Over regulation of zoning and building codes, poorly structured gov subsidies, etc. Like if the gov is gonna hand out money (which I'm against), at least hand it out to the builders, not the buyers, and watch inventory rise and prices drop. Same way the gov pays to build free ways instead of paying drivers to pay tolls.

About 1 million people on Social Security are 65 or older, 6.1 million people on Social Security are under 65 and claiming disability. Some people worked their whole life to get social security and some people never worked and receive social security.

STOP BANGING THE DESK!!

@JWKDESIGN

14 күн бұрын

Producer shoulda jumped in after 2 minutes... don't clamp the mics to the desk, put down a foam pad thingy, something...ANYTHING. yeah, unfortunately SUPER distracting...

@MSinc1

13 күн бұрын

Drove me NUTZ 😂

@pin65371

13 күн бұрын

He moves his hands a lot.. lol..

@hikintrailsndrinkinales

10 күн бұрын

Listening to this pod cast: 🫨🫨🫨

A great guest, so bright and informative He has a grasp of everything from science, to the nature of humanity Why can’t we have people like him at the head of our political systems making the tough decisions

I don't understand why this man is holding the population responsible for the fiscal policy of economists and politicians...over which they had no choice or input [if either party in a two party game makes the same call then there is no alternative]

Having multiple streams of income is a game-changer for stability. Relying solely on a job may not provide enough financial security due to high rates of tax, it is important to explore additional investment opportunities to surpass one"s expectation

The recession is here, where do investors look at for wealth gains now? mortgage rates still on the rise with higher imports and lower exports, yet the Fed is to lessen cost. Something will eventually break if they keep raising interests and quantitative tightening.

@laportafrank

12 күн бұрын

if you want to hold on to cash, put it in a safe deposit box, if you want assets, buy things people need in a shtf society, food, ammo, wood, water filters, tools, have a skill at building and fixing

@E_Clampus_Vitus

7 күн бұрын

Invest in tortillas !

Great transmission. as always. I appreciate the no-nonsense approach you take to the news and the markets. A lot has changed and that's about it but the truth is that I don't even care much about the bull or bear market anymore because Ashley Anderson covered me while I'm doing comfortably. 20k-30k every week and I'm still counting thanks to her❤️

@JohnTrudell-sy4sx

14 күн бұрын

YES!!! that's exactly her name (Mrs Ashley Anderson) So many people have recommended highly about her and I'm just starting with her from Brisbane Australia🇦🇺

@GoddessKate-cc1dc

14 күн бұрын

Ashley Anderson's crypto knowledge is like a secret recipe for success

@PhilipWilson-zv3qz

14 күн бұрын

Please educate me I've come across this before. How can I get to her, please?

@GoddessKate-cc1dc

14 күн бұрын

She's on tele grams

@GoddessKate-cc1dc

14 күн бұрын

Anderash

Love David Friedberg. His mind is so unique and is easily the best on the All In Pod.

@Sasha-mdib

12 күн бұрын

And yet, he has big blind spots, especially about the influence of the super wealthy on the government.

Cool interview. Might I suggest though to please use a shock mount for the guest microphone to reduce that boom tap sound on the desk?

This guy is right! Right in line with RFKJR! Why isn’t he mentioning RFK!

@dipf7705

14 күн бұрын

He cant win. The best possibility is vp

@YoungBlackTrep

13 күн бұрын

Because he is a vaccine shill.

In Gold we Trust!

Great interview. I really appreciate you both for sharing your thoughts and time on this subject.

Indeed, it is the variety of opinions and approaches that makes All-In so valuable to me. So glad you're there, Friedberg! Great interview.

Great video. I was a process control engineer (just retired 2/21/24) I would always stress test my projects just to make sure it would work under all conditions. Also depending on the government. But I found away of earning more income despite my Retirement. $47k weekly returns has been life changing, after so much struggles.

@babytruca02

14 күн бұрын

wow this awesome 👏 I'm 37 and have been looking for ways to be successful, please how do I make such weekly??

@mamzellilooo

14 күн бұрын

@@babytruca02Maria Angelina Alexander I really appreciate her efforts and transparency.

@mamzellilooo

14 күн бұрын

My outlook on money changed when I realized someone making $200K can retire broke & someone making $80K can retire a millionaire. With the current market movement.

@KuramaUchiha-id1ow

14 күн бұрын

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.

@marcosvg90

14 күн бұрын

I heard a CNBC news host spoke highly big about this name and her strategies, how she has been helpful to many people. Been trying to reach her since.

The day after Obama won the election, a radio host asked the rhetorical question "how do you compete with Santa Claus?"

Watches this all the way thru, it was so much more interesting than I thought it would be. 👏 Thank you

Don't talk to me about cutting benefits till we solve the problems of gross increases to illegal immigrants 2.5 million dollar public toilets and covering 70% of the EU defense budget. Let's tackle the out of hand problems first and foremost

@LegalAutomation

13 күн бұрын

Lol. I'm not saying illegal immigration isn't a problem... But pretending the costs of illegal immigration are even CLOSE to the costs of servicing Social Security and Medicare entitlement spending is completely naive. You are basically saying "we can't address the elephant in the room that causes 99% of the problems until we trap the mouse that causes 1% of the problems".

@beansdestroyer

13 күн бұрын

Hundreds of billions to illegals over the last few years

@mileygray7794

13 күн бұрын

@@LegalAutomation it makes shortages to food housing jobs reduces are negotiating power. Also it is not that hi true but it is very out of hand so much so that there taking money away from vets to pay for their health care also they leed to inflation. Now don't mistake me I'm very pro legal immigration but we have measures in place for a reason. Also like seriously not kidding the government spends 2.5 Million on a single public potty . The fuck . Talk about corruption much that's a lot of food stamps and health care for one potty O.o just one

13 күн бұрын

A nation that invests as little as we do in Education cannot be a leader in anything. Let’s keep eating shit so that our healthcare expenses bankrupt the country. And of course, let’s keep outspending every other country by a factor of 10 in military. If the United States didn’t control the International Banking System and the Dollar wasn’t the international currency of choice, we wouldn’t be able to pay the interest in enormous debt. We have been a debtor nation for a very long time. There is no quick and painless fix to our fiscal irresponsibility. How many voters and the politicians they elect are ready to swallow that bitter pill…

13 күн бұрын

A nation that invests as little as we do in Education cannot be a leader in anything. Let’s keep eating shit so that our healthcare expenses bankrupt the country. And of course, let’s keep outspending every other country by a factor of 10 in military. If the United States didn’t control the International Banking System and the Dollar wasn’t the international currency of choice, we wouldn’t be able to pay the interest in enormous debt. We have been a debtor nation for a very long time. There is no quick and painless fix to our fiscal irresponsibility. How many voters and the politicians they elect are ready to swallow that bitter pill…

The Saudis didn't renew our PETROL DOLLAR Contract that we've had for 75 Years

@johnbuckner2828

14 күн бұрын

😕

@righteousmammon9011

14 күн бұрын

This is fake news and it never existed in the first place

@bkthedefbeatz

14 күн бұрын

ofcourse because of Brics

@dr9299

14 күн бұрын

What contract? All of Social Media repeats this but Nobody seems to be able to produce a copy. It seems they ALWAYS accepted other currencies.

@ProgrammingWIthRiley

14 күн бұрын

You mean the handshake agreement, they broke immediately? The Saudi’s are not our allies.

Such a good guest. Keep bringing me wise men and women like David, to listen to and I will be sooo happy. Thanks!

This guy is a great mind. Thank you for bringing him on. David is so intelligent, versatile and a language genius.

Your real money is your time, but only money for me. My life is finite and ends. Labor ends. We are lucky to live in such a glorious time.

Why do I never hear from economists about the huge waste of tax payer money that goes to supporting other countries like Israel and Ukraine? The amounts are enormous, spent on warmongering, supporting regimes, and its led by the lobbists in Washington who in turn, are getting ungodly wealthy on the back on average Joe.

@captiveamerica1776

14 күн бұрын

Because most of that money doesn't go to those countries, it goes straight to US companies with military contracts who make the weapons that we then send to those countries. The corrupt politicians are getting their share of those profits so they will always vote to "send money" to those countries.

@kyle6781

13 күн бұрын

Because it's such a small %.. waste? Absolutely.. and I hate it as well, our foreign aid to dozens of countries is bullshit and we pay most of NATO, the WHO and so on.. but we've gave ukraine 200 billion in 3 years, of 34T debt that 200B is only 0.7% of our debt. So it's nothing.. BUT 200B shouldn't be going to help americans

@E_Clampus_Vitus

7 күн бұрын

The fact we give these countries so much money actually artificially props up the value of our fiat currency. Once we give someone a free billion dollars, they spend that money and the people that they purchase from also spend that money. It’s a joke way to maintain value though.

@waelaltaqi

6 күн бұрын

If you want to maintain super power status then you got to give freebies. If we don’t, some other power will. Create a vacuum, some other power will fill it in, and quickly.

The guest kept saying the U.S. is a democracy. Ben Franklin said, "We gave you a republic if you can keep it." I pledge allegiance to the flag of the United States of America. And to the REPUBLIC for which it stands.

Hey @tombilyeu, you notice the rumble every time David touchss the table? You can get rid of that and have cleaner audio by decoupling the mics from the table. Put them on their own c stands with boom arms to get them in front of you. That way any time a guess like to use their hands, you don’t get that distracting rumble in the audio.

The question is does the money printing make the war inevitable, or is the desire for the war why they print the money? I think it’s the latter.

@ibzharris884

12 күн бұрын

seems so cyclical. wars themself cause mass deficits due to gov spending, debt etc.. however wars also stimulate economies and post war reconstruction efforts stimulate exports... and the cycle goes on.. and on.. and on... draw a timeline of US wars and budget status it's interesting. something like this: 1939 1944 1949 1954 1959 1964 1969 1974 1979 1984 |---------|---------|---------|---------|---------|---------|---------|---------|---------|---------|------------|------------| |--WWII--| |-----Korea-----| |---Vietnam---| |---Gulf War---| |---Deficit---| |---Surplus---| |-----Deficit-----|---Surplus---| |---Deficit---| |---Surplus---|

@mwilliamson4198

12 күн бұрын

It's more likely that they print at least some of the money as a consequence ultimately of demographics (as Raoul Pal and others have argued for a while now) - to compensate for lower workforce participation, which has been trending lower for 50 years. And the money printing now is part of the debt refi cycle that Michael Howell has been talking about for ages. Of course not denying some of the money printing is also in aid of the military-industrial complex and their kleptocracy

@adamdonovan4071

12 күн бұрын

@@mwilliamson4198 money printing is inflationary, not deflationary. It does not compensate for low economic participation, it makes those issues worse.

peak oil all over again...

I don't have a problem with GMOs, whether plant or animal. Humans have been manipulating plants and animals through selective breeding for millennia. There's even a term for it. It's called husbandry, the scientific control and management of a branch of farming involving the cultivation and production of plants and animals.

Best and easy to understand explanation about how inflation works. Well Done!

Anyone with a brain can understand this...the government should never be allowed to have fiat debt

@3CS_

14 күн бұрын

Ponzi scheme

@E_Clampus_Vitus

7 күн бұрын

It’s really not hard to grasp. Folks who would NEVER allow themselves and their family to fall into debt have zero problem with the government going into tremendous debt. The US government is a rental car.

Yes, well said. We hang on to every word you say @fridberg. Your word is the most cherished on the all in.

I used to hate Tom's interview style, but he's improved so much that I know am really getting a lot out of the interview and enjoying it. Tom is asking some great questions and the ideas are really fascinating.

That "program", social security, is a Contract between me and my government. I kept my part thru 50 years of military service and gainful employment. Uncle Sam must keep his word.

@jarvanwildrift8056

14 күн бұрын

Correct, problem in the US cant be that kind of spending. Look at Sweden much lower debt but better social care for the people.

@karensosa4767

13 күн бұрын

Good luck on Uncle Sam keeping their word!!

@user-xp5id1kh4r

13 күн бұрын

The US is keeping its word for you 50+ year olds... its trying to STOP it for future generations before they get vested into the program though... and for some reason, they won't.

Declare your Independence folks!

@videoluvr4204

14 күн бұрын

what does this mean?

@BigHotSauceBoss69

14 күн бұрын

I did. I own Bitcoin.

@jutru8782

13 күн бұрын

@@videoluvr4204RFKjr 2024🇺🇸🇺🇸🇺🇸

@alicassidy8913

13 күн бұрын

How??

@stubaka3175

13 күн бұрын

@@videoluvr4204RFK Jr has been spouting a lot of what these people talked about and he happens to be a presidential candidate this year. The phrase they said is his campaign slogan because he’s running 3rd party (might change tho since he said something about the DNC).

Hey, GPT, re-write every book in the world, in any language, in the style of Ernest Hemmingway, **flop** GPT: done, what next.. ?

To say that poker players are gamblers is like saying that people who go to the gym use steroids. Its fine to learn and show that you dont know everything... But cmon man, that was ignorant and disrespectful...

Hit 240k today. I'm really grateful for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in December 2022

@user-sq5cf5dx4h

14 күн бұрын

I would really love to know how much work you did put in to get to this stage.

@Markaymond

14 күн бұрын

Which signal do you guys trade?

@Younghd813

14 күн бұрын

Thanks to Mr Harrick Jason.

@Denise607

14 күн бұрын

I'm surprised that this name is being mentioned here, I stumbled upon one of his clients testimony on CNBC news last week.

@Markaymond

14 күн бұрын

Alright thanks, but how do I reach him?

RFK is the way! F the duopoly. At the very least help the man on the ballot. We need to blaze a path and precedent for third party candidates. Then come November it’s your business. But right now this is America’s need. Chances are you won’t love next red and blue candidate. We need to expand the field.

@user-xp5id1kh4r

13 күн бұрын

RFK Jr. is a joke, lol

@eyecubed85

13 күн бұрын

@@user-xp5id1kh4r from a auto-generated username. ohhhkay lol

Absolutely fantastic!!! I could be listening him for hours and hours.

This is why economies are best built without the government. Sad we're about to see heinous shit happen.

The only candidate I've seen present a proposal on how to get the debt problem under control is RFK Jr.

@user-xp5id1kh4r

13 күн бұрын

RFJ Jr. is a cook. Plenty of other politicians that have "presented" "Proposals" on how to "get the debt problem under control"... the problem is: once they get into office, they never actually do anything they "proposed". The entire modern US political historical record has been rife with such "candidates". They all fail, just like RFK Jr. would if he was elected.

@YoungBlackTrep

13 күн бұрын

and Dave doesn't support him because Dave is a vaccine shill

1 trillion dollars just in interest!! No wonder they need to tax your ass sets so much! 😅

This was an excellent discussion which filled in a lot of gaps on a vision I've been having.

Good show 👍 Informative!!Insightful!!

Kennedy 2024

RFK Jr. is talking about all of these issues!!!!

@HKashaf

14 күн бұрын

He supports genocide in Palestine in full. Also, he is supported by billionaires for his campaign, so he is already compromised.

@krellin

14 күн бұрын

i don't know the laws of US political systems but isnt he hout of this election cycle? democrats chose biden republicans trump no?

@mynewbeachgig4388

14 күн бұрын

RFK Jr. is sick and he's only tempting you. He's only gaining momentum because he's the 3rd person, an alternative, but he is the last person you should be behind. Think smart and realistically: Biden, for now.

@witchywomen6650

14 күн бұрын

Sadly, that is why he won't win.

@mynewbeachgig4388

14 күн бұрын

@@witchywomen6650 He is capturing an audience.

Never leave the besties! You're the most real, passionate member of the All In Podcast!

Why the host didn’t ask any important follow up questions…. He just let This guy ramble on.

@pdcdesign9632

14 күн бұрын

hOW MANY TIMES DID THE GUEST CORRECT HIMSELF?

@captiveamerica1776

14 күн бұрын

Just 2 clueless rich guys, having a conversation about what the poors need to do with their lives.

Our taxes are going to Ukraine to fund American industries, however, that money goes into the pocket of oligarchs. Very little goes into production and jobs for the little people and some fat cat is on track to be the next billionaire. That is the problem. US taxpayers fund the RISK while fat cats REAP the PROFITS. That model is WRONG.

Don't agree on government interference: The government in the US is extraordinarily weak, which leads to insane prices - for medicine, supermarket items and so on. In Germany all of this pricing is government controlled and can't get out of hand. Corporations by definition are greedy, only the government can contain that greed.

The key to satisfaction is self-discipline, where you say I WILL be satisfied with what I have then learning to live with the disappointment of not getting everything you want.

I THINK WE SHOULD DEMAND OF OUR GOVERNMENT WHEN THEY DO DECIDE TO PRINT MONEY TO GIVE IT DIRECTLY TO EACH AMERICAN CITIZEN BASED ON THEIR SOCIAL SECURITY NUMBER IN AN EQUAL AMOUNT😮. IF THEY MUST SPEND THEIR MONEY THEN SPEND IT DIRECTLY ON THE PEOPLE😊

@kitosoma187

14 күн бұрын

I apologize if you're just being sarcastic, but I worry you might actually be sincere. Which would make this a pretty idiotic thing to say.

@3CS_

14 күн бұрын

Really? I think they all need to go. Reb and blue. State and FED. Start with young Americans who have real ideas and common sense. These politicians on both sides are corrupt tyrants. False flag coming soon. Brace yourself.

This guy is 6th grade level geopolitics. I gave it a chance. I had to stop at 60 minutes.

@chasbari

11 күн бұрын

Barely 6th grade..

@chiragmehta8212

10 күн бұрын

Shows your own myopic views not his.

@E_Clampus_Vitus

7 күн бұрын

And yet, you have absolutely no refute to even a single statement he made. 😂

@kgyore

7 күн бұрын

I see that the establishment bots are quick to reply with no facts of their own. Take your own medicine. Btw, if you really disagree that strongly then maybe you should propose a discussion not call me names. Marxist agents are always so transparent. All the name calling but can't even argue their own points :)

@kgyore

7 күн бұрын

@@E_Clampus_Vitus the list is too long. Your argument is invalid.

In countries that go to hyper inflation they found that gold is not useful because people are not equipped to trade with it, nor have trust that others will accept it when most people want or need real goods like food.