Economic Update: The Emerging New World Economy

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[S13 E17] The Emerging New World Economy: A New Empire, a Multipolar World, or a Post-Capitalist System
Four key changes drive a new world economy emerging from the old. First is capitalism's transition from neoliberal, globalizing to nationalistic capitalism. This includes the shift of capitalism's center from western Europe and the US to Asia and the global south and also includes the deepening economic inequality inside most nations. Second is the end of the stale, old debate between private and state capitalism (misnamed as capitalism vs socialism) in favor of private + state capitalism hybrids. Third is the post-peak decline of the US empire. Fourth is the urgent question of what comes next: a new empire, a multipolar world, or a new post-capitalist system that replaces employer-employee workplace organizations (private and public) with democratically run worker cooperative organizations.
Timestamps
00:00 - 01:42 - Intro
01:43 - 08:57 - capitalism's transition from neoliberal, globalizing to nationalistic capitalism
08:58 - 14:24 - private and state capitalism (misnamed as capitalism vs socialism) in favor of private + state capitalism hybrids
14:25- 15:47 - Announcements
15:48 - 20:18 - post-peak decline of the US empire.
20:19 - 30:20 - what comes next: a new empire, a multipolar world, or a new post-capitalist system that replaces employer-employee workplace organizations (private and public) with democratically run worker cooperative organizations
Economic Update with Richard D. Wolff is a @democracyatwrk production. We make it a point to provide the show free of ads. Please consider supporting our work. Join our Patreon community: / democracyatwork and help us spread Prof. Wolff's message to a larger audience. Every donation counts!
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Пікірлер: 1 900

  • @nicolasbenson009
    @nicolasbenson0097 ай бұрын

    Some group of economists have projected that both the U.S and parts of Europe could slip into a recession for a portion of 2023. A global recession, define as a contraction in annual global per capita income, is more rare because china and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.

  • @hersdera

    @hersdera

    7 ай бұрын

    That’s why I always make it a point to speak with a financial advisor before choosing any investments. Apparently , I’ve been using one since the pandemic, using profits oriented tactics and minimizing risks as a buffer against inevitable downtrends.

  • @hersdera

    @hersdera

    7 ай бұрын

    In addition they have valuable access to insider knowledge and analysis, making failure virtually impossible for them. I’ve made over $1.5million passively working with Margaret Johnson Arndt, my advisor for over three years now.

  • @SandraDave.

    @SandraDave.

    7 ай бұрын

    Thanks, I just googled her full name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.

  • @Olcool

    @Olcool

    7 ай бұрын

  • @Olcool

    @Olcool

    7 ай бұрын

    ​@HarveyMark-gk1om

  • @toneyj.alejandre8183
    @toneyj.alejandre81839 ай бұрын

    We work for years to earn $1million on our retirement, while some people put thousands of dollars in some meme coins and they become millionaires.

  • @henrygunning6709

    @henrygunning6709

    9 ай бұрын

    I always wanted to trade crypto for a long time but the volatility in the price has been very confusing to me although I have watched many KZread videos about it but still find it difficult to understand

  • @lilianpettigrew5090

    @lilianpettigrew5090

    9 ай бұрын

    First understanding the financial markets and how it works then you need to know how to study the market chart. That's all you stand to when you trade or invest with a mentor

  • @louisa.martin23

    @louisa.martin23

    9 ай бұрын

    Despite the economy downturn, I'm so happy 😊 I have been earning $180,000 return from my $22500 investment every 14 days

  • @charlottetovell2349

    @charlottetovell2349

    9 ай бұрын

    ​@@louisa.martin23.Excellent buddy very good are your earnings and do you have any recommendations or suggestions.

  • @chrisarmstrong36

    @chrisarmstrong36

    9 ай бұрын

    Big pumps to you what a step you took, please any recommendations from you!! Need to start somewhere.

  • @SofiaAnsari-wb7gn
    @SofiaAnsari-wb7gn8 ай бұрын

    At the very least, I now grasp the concept of leverage. Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.

  • @Delighted316

    @Delighted316

    8 ай бұрын

    Most people simply enter the foreign exchange market without comprehending matters like this. The first stage in building money is determining your goals and risk tolerance, which you may do on your own or with the assistance of a financial counselor who works with a verified Finance agency. And also you can learn the facts about saving and investing and create a clear plan, you should be able to acquire financial security over time and enjov the benefits of income management.

  • @GeorgiaMoore.

    @GeorgiaMoore.

    8 ай бұрын

    That is why I work with John Desmond Heppolette, who introduced me to a better Financial community, a verified agency where I learned how money works and how to create it, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made.

  • @FrederickBlein

    @FrederickBlein

    8 ай бұрын

    Yeah real, that guy is one asset manager that gives the breakdown of everything on how things are done, joining an effective financial community can be 100% beneficial when joined properly that's all I can say out of experience

  • @Evelyn56067

    @Evelyn56067

    8 ай бұрын

    Please who is John Desmond Heppolette..?

  • @FrederickBlein

    @FrederickBlein

    8 ай бұрын

    He also happens to be one of the best asset managers I've ever worked with. I've actually had a conversation with John Desmond Heppolette. It has been a truly flawless experience for the past 6 years.

  • @oliviaralston1
    @oliviaralston111 ай бұрын

    You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K in a meme coin from just few months ago and now they are multimillionaires.,..,.,.

  • @patricklemmy679

    @patricklemmy679

    11 ай бұрын

    Making money is an action, Keeping money is behavior, but "Growing money is wisdom"….

  • @andersonjoe3465

    @andersonjoe3465

    11 ай бұрын

    The best thing to do with your money is to invest it rightly because money left for saving always end up used with no returns

  • @dustireller3953

    @dustireller3953

    11 ай бұрын

    You are right. Been thinking of going into gold and cyptocurrency

  • @geralyncainglet2626

    @geralyncainglet2626

    11 ай бұрын

    ​@luohuian8556I totally agree with you it has been an eye-opening experience for a lot of people.

  • @markluke5734

    @markluke5734

    11 ай бұрын

    Talking about been successful. I know I am blessed if not I wouldn't have met someone is as spectacular as Stacy Griffin

  • @gingerkilkus
    @gingerkilkus8 ай бұрын

    My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in US.

  • @leojack9090

    @leojack9090

    8 ай бұрын

    Inflation can have a significant impact on individuals and their cost of living. As a result, it can cause negative market sentiment. It is important for individuals and businesses to find ways to navigate and potentially mitigate the effects of inflation on their finances. The current economic climate, including underperformance of financial markets due to fear of inflation, has led to a decrease in the value of my portfolio. I would appreciate any recommendations on how to potentially increase returns during this market downturn.

  • @TomD226

    @TomD226

    8 ай бұрын

    Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up $450k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.

  • @lowcostfresh2266

    @lowcostfresh2266

    8 ай бұрын

    @@TomD226 Please pardon me, who guides you on the process of it all?

  • @TomD226

    @TomD226

    8 ай бұрын

    ​ @lowcostfresh2266 My advisor is Laurel Dell Sroufe, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

  • @fadhshf

    @fadhshf

    8 ай бұрын

    @@TomD226 Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

  • @jessicasam2516
    @jessicasam251610 ай бұрын

    The truth is that everybody wants to be financially independent and live a better life. With savvy investing, an inexpensive lifestyle, and diligent budgeting, this is not difficult to do. I'm glad I realized early on that achieving financial freedom requires hard work.

  • @cooperhayes7055

    @cooperhayes7055

    10 ай бұрын

    Investment is a fabulous way to save money for the future as well as a way to generate passive income. Those who make poor mistakes early in life regret them later in life. But, if done alone, investing may be challenging and risky. For this reason, I suggest consulting experts for advice (financial advisors). The difficulty lies in effectively employing it, not just watching videos and reading investing books.

  • @josephhughes9583

    @josephhughes9583

    10 ай бұрын

    Sincerely, I'm moved by what you said. I have a sizable amount of money that I am willing to invest if given the appropriate knowledge and I am highly interested in investing. My greatest concern is losing money on a bad investment. I'm open to hearing your advice on how to make sensible investments as a result.

  • @charliehunnam5187

    @charliehunnam5187

    10 ай бұрын

    @@cooperhayes7055 Please let me know how to contact your financial planner.

  • @cooperhayes7055

    @cooperhayes7055

    10 ай бұрын

    Sure, my advisor is Olivia Maria Lucas. In terms of portfolio diversity, she's a genius. You can look her name up on the internet and verify her yourself. She has years of financial market experience plus she is also FINRA & SEC verifiable.

  • @mateosantiago5795

    @mateosantiago5795

    10 ай бұрын

    Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

  • @BillAdamson-bp9ff
    @BillAdamson-bp9ff8 ай бұрын

    The US economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

  • @RickMckee-nq4ni

    @RickMckee-nq4ni

    8 ай бұрын

    Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?

  • @Erinmills98

    @Erinmills98

    8 ай бұрын

  • @AstaKristjan

    @AstaKristjan

    8 ай бұрын

  • @Erinmills98

    @Erinmills98

    8 ай бұрын

  • @AndrianWiener

    @AndrianWiener

    8 ай бұрын

  • @kelvinjohnson4
    @kelvinjohnson48 ай бұрын

    According to certain economists, there are projections indicating the possibility of the United States and certain parts of Europe experiencing a recession during a portion of 2023. While a global recession, which refers to a decline in annual global per capita income, is relatively uncommon due to the faster growth rates of China and emerging markets compared to developed economies, it is important to note that if economic growth lags behind population growth, the world economy is generally regarded as being in a recession.

  • @LionTowercoporation

    @LionTowercoporation

    8 ай бұрын

    Given the current delicate economic season, it may be difficult or ineffective to take significant action on your own. Therefore, I would strongly recommend seeking the expertise of a financial professional who can offer valuable financial guidance and assistance.

  • @KelvinWallace

    @KelvinWallace

    8 ай бұрын

    That's absolutely correct! Thanks to my Financial Advisor's implementation of defensive strategies, I have been able to significantly grow my portfolio from $50K to $189K during this challenging market period. These strategies have proven effective in reducing vulnerability to market downturns.

  • @williamsbrown4026

    @williamsbrown4026

    8 ай бұрын

    @@KelvinWallace How can I get in touch with your advisor? I'm currently looking for a more effective investment approach for my savings and would greatly appreciate their guidance.

  • @KelvinWallace

    @KelvinWallace

    8 ай бұрын

    @@williamsbrown4026 The coach who provides guidance is “Colleen Janie Towe . You may already be familiar with her, as she is quite well-known in her field. I discovered her through a Newsweek report, and I encourage you to look her up to learn more about her expertise and reputation.

  • @williamsbrown4026

    @williamsbrown4026

    8 ай бұрын

    Thank you for sharing this information. After conducting a Google search on the lady you mentioned and thoroughly reviewing her resume, it is evident that she is highly experienced and skilled in her field. I have reached out to her and now eagerly await her response.

  • @simonfes3770
    @simonfes377011 ай бұрын

    I would say TAKE ADVANTAGE OF THE RECISSION! Recessions are an unavoidable part of the economic cycle; all you can do is prepare for them and plan accordingly. I graduated into a slump (2009). My first job after graduating from college was as an aerial acrobat on cruise ships. Today, I work as a VP for a global corporation, own three rental properties, invest in stocks and businesses, run my own company, and have increased my net worth by $500k in the last four years.

  • @alexyoung3126

    @alexyoung3126

    11 ай бұрын

    Thats commendable dear. You should consider imploring the services of a Financial Advisor so you don't get ripped off in the market. They provide personalized advice to individuals based on their risk appetite, placing them among the best of the best. There are bad ones, but some with good track records can be very good.

  • @joesphcu8975

    @joesphcu8975

    11 ай бұрын

    I completely agree with you; they can have a positive impact on an individual's portfolio. I started with a trust Financial Advi-ser named “Helene Claire Johnson'. She is verifiable, and her approach is transparent, allowing me full ownership and control of my portfolio while charging very low fees in comparison to my portfolio earnings.

  • @stephaniestella213

    @stephaniestella213

    11 ай бұрын

    Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

  • @joesphcu8975

    @joesphcu8975

    11 ай бұрын

    My consultant is Helene Claire Johnson, She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision. I basically follow her trade pattern and haven’t regretted doing so

  • @stephaniestella213

    @stephaniestella213

    11 ай бұрын

    Impressive, i’ll most definitely check her out. I buy the idea of employing the services of a Financial Advisor because finding that balance between saving and living requires counsel.

  • @kortyEdna825
    @kortyEdna8259 ай бұрын

    As an elder millennial, one of the few advantages is having lived through the Great Recession. My advice. Reduce unnecessary expenses, increase your savings by investing in financial markets and do not sell. One thing I know for sure is that diversifying your income can help insulate you from much of the craziness going on in the world.

  • @carssimplified2195

    @carssimplified2195

    9 ай бұрын

    The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.

  • @Justinmeyer1000

    @Justinmeyer1000

    9 ай бұрын

    Thats true, I've been getting assisted by a coach for almost 2 year now, I started out with less than $120K and I'm just $19,000 short of half a million in profit.

  • @Justinmeyer1000

    @Justinmeyer1000

    9 ай бұрын

    @@tudorrwilson My Financial adviser is ‘’JULIE ANNE HOOVER’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

  • @mikemiller659

    @mikemiller659

    9 ай бұрын

    assuming U have an income

  • @JuanMercado91

    @JuanMercado91

    7 ай бұрын

    ​@@Justinmeyer1000well let me just grab that 120k I've had sitting around and diversify my investments 🥴

  • @Nernst96
    @Nernst967 ай бұрын

    The media is currently barraged with a lot of economic data right now. It takes a lot to see beyond the whole ocean of news on focus on what is important, which is that no matter how low stocks go, they always bounce back. I really ignore all the news and keep investing. I recently allocated about $121k to put in the market as we anticipate a crash. Any recommendations?

  • @sattler96

    @sattler96

    7 ай бұрын

    There are many other interesting stocks in many industries that you might follow. You dont have to act on every forecast, so l'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.

  • @mikeroper353

    @mikeroper353

    7 ай бұрын

    I've been in touch with a financial analyst ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders

  • @mikeroper353

    @mikeroper353

    7 ай бұрын

    renowned for her proficiency and expertise in the financial market, “Colleen Rose Mccaffery” my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.

  • @NeostormXLMAX

    @NeostormXLMAX

    7 ай бұрын

    Bots on full force today😂😂😂

  • @henryalexander688
    @henryalexander6886 ай бұрын

    With the current economic situation, it's hard to ignore the possibility of a recession looming on the horizon. I'm genuinely concerned about how it will impact people's finances.

  • @madison72245

    @madison72245

    6 ай бұрын

    Absolutely, Henry Recessions can have far-reaching effects, from job losses to declining investments and stagnant wages.

  • @carlos1brown316

    @carlos1brown316

    6 ай бұрын

    .. 0:01 You know, I've heard about this financial advisor, Kayla Tabitha Rodrigues, who specializes in helping people navigate economic downturns. Has anyone here had any experience with her?

  • @levisebastian9525

    @levisebastian9525

    6 ай бұрын

    I've actually worked with Kayla, and she's been remarkable in providing guidance during tough times.

  • @henryalexander688

    @henryalexander688

    6 ай бұрын

    That's intriguing. Can you share some examples of how she's helped people deal with the financial fallout of a recession?

  • @levisebastian9525

    @levisebastian9525

    6 ай бұрын

    Certainly, Kayla starts by assessing each client's financial situation, helping them prioritize expenses, and finding opportunities for budget optimization. She also provides guidance on investment diversification and risk mitigation strategies.

  • @naomigonzales9663
    @naomigonzales966311 ай бұрын

    Retiring in 20 years? Due to inflation, you may need upwards of $2.6 million to maintain your existing lifestyle, with the ongoing effects of high inflation, lower forecasted stock market returns, and stagnant wages, achieving a secure early retirement could be more challenging than ever before

  • @LeonardoScott

    @LeonardoScott

    11 ай бұрын

    An obvious way to invest for a recession is to buy shares in businesses that are likely to experience steady demand even in a downturn. Typically, those are consumer staples, utilities, and healthcare companies, but off course such decisions cannot be made by an average Joe, a financial advisor is important in making this decisions

  • @KangMinsu122

    @KangMinsu122

    11 ай бұрын

    @@LeonardoScott Such considerations can certainly have a role when I think about whether I ought to buy into a share. But I never purchase purely on that basis, i always have to seek the adv!ce of my financial-planner who has helped me gain $985k in a well-diversified portfoIio that has experienced exponential growth

  • @dianarabbanii2

    @dianarabbanii2

    11 ай бұрын

    @@KangMinsu122 Mind if I ask you recommend this particular c0ach you use their service? I have trouble knowing when to buy or sell.

  • @KangMinsu122

    @KangMinsu122

    11 ай бұрын

    @@dianarabbanii2 Personally I work with Viviana Marisa Coelho a registered Investment advisr. Quite renowned, search her name to get in touch

  • @scottjuarez9549

    @scottjuarez9549

    11 ай бұрын

    @@KangMinsu122 I looked up Viviana Marisa Coelho online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-markt

  • @Riggsnic_co
    @Riggsnic_co11 ай бұрын

    I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.

  • @kenanporubsky2122

    @kenanporubsky2122

    11 ай бұрын

    I can’t focus on the long run when I should be retiring in 3years, you see I’ve got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/unstable market doesn’t provide any calculated risk opportunities to make profit?

  • @lipglosskitten2610

    @lipglosskitten2610

    11 ай бұрын

    There are a lot of strategies to make tongue wetting profit especially in a down market, but such sophisticated trades can only be carried out by proper market experts

  • @hermanramos7092

    @hermanramos7092

    11 ай бұрын

    I agree, that's the more reason I prefer my day to day invt decisions being guided by a init-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a init-coach for over 2years+ and I've netted over 2.8million.

  • @kenanporubsky2122

    @kenanporubsky2122

    11 ай бұрын

    @@hermanramos7092 I've been thinking of going that route been holding on to a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, think your Inv-coach could guide me with portfolio-restructuring..

  • @hermanramos7092

    @hermanramos7092

    11 ай бұрын

    @@kenanporubsky2122 I've shuffled through a few advisors but “Catherine Morrison Evans” remains the most resourceful thus far. Her strategy proves profitable, and sustainable both in a bull & bear market. Most likely, her deets can be found on the net, so you can confirm yourself..

  • @user-wt6zf4ek9k
    @user-wt6zf4ek9k11 ай бұрын

    A bear and bull market provides equal high-yield potential, it's all about early information and right strategy, Buffet is proof people make millions amidst crash. Unequivocally, today's recession/inflation is getting somebody somewhere rich. I'm at a crossroads deciding if to liquidate 370k stock portfolio currently down by 15%, it's uneasy for me to not panic, after recent awful divorce. I just need creative ideas to afford my retirement.

  • @monicavazquez280

    @monicavazquez280

    11 ай бұрын

    I do not disagree, there are actually ideas that could be put in place for solid gains during crash, but such strategies are carried out by advisors with sheer grit, and experience since the '08 crash

  • @laszlolee

    @laszlolee

    11 ай бұрын

    Very correct, investing can be confusing, thus the need for professional guide. Since the rona outbreak Jan.2020 to date, I've personally avoided the drawback of trial & error by simply following my coach's guide. I'm newly retired with very small amount in retirement account compared to a whooping $1.3m accrued in portfolio after subsequent investments.

  • @krisgrigo

    @krisgrigo

    11 ай бұрын

    @@laszlolee Please can you leave the info of your investment advisor here? I’m in dire need for one

  • @laszlolee

    @laszlolee

    11 ай бұрын

    I've shuffled through a few experts in the past, but settled with "Susan Bauer Normansell". Her strategy is recession-proof, more specifically profit-oriented, and most likely, the internet is where to find her basic info, simply apply due diligence.

  • @krisgrigo

    @krisgrigo

    11 ай бұрын

    @@laszlolee might have heard this name somewhere, but can't really recall. I'll be following her up. Thank you.

  • @velayuthman
    @velayuthman Жыл бұрын

    The best way to describe the present economy is 08' 2.0. Yes stocks are at a discount and things will eventually get better but my monthly living expense is up $37500 from $16000 and I'm left wondering what retirement have in store for me 5years down the line, I'm ill-prepared tbh, my 401k worth about $320k gains are zero-nothing and my stock portfolio?...OH WELL!

  • @stevensmiddlemass2072

    @stevensmiddlemass2072

    Жыл бұрын

    Find a mean to gain off the present market condition, we seem to be moving same direction as Venezuela and that wont be good for anybody

  • @boltonjohnrobert9469

    @boltonjohnrobert9469

    11 ай бұрын

    You can trade on crypto to start making good profits, I’ve been making up to $50k monthly trading

  • @zadiewimberly1013

    @zadiewimberly1013

    11 ай бұрын

    ​@STACIE KRISTAL WEBER

  • @zadiewimberly1013

    @zadiewimberly1013

    11 ай бұрын

    I need to discuss my portfolio with you

  • @Erikkurilla01
    @Erikkurilla0111 ай бұрын

    Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

  • @Lemariecooper

    @Lemariecooper

    11 ай бұрын

    Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment

  • @jessicasquire

    @jessicasquire

    11 ай бұрын

    Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving

  • @patrickbrussels4454

    @patrickbrussels4454

    11 ай бұрын

    @@jessicasquire I agree, that's the more reason I prefer my day to day invt decisions being guided by a invt-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a invt-coach for over 2years+ and I've netted over 2.8million

  • @patrickbrussels4454

    @patrickbrussels4454

    11 ай бұрын

    @Ivan Johnson Can't divulge much, *STEPHANIE KOPP MEEKS* is the advisor that oversees my portfolio. She's an extremely intelligent person, very thoughtful, cautious, and has an outstanding credentials, it's easy to find her on the web.

  • @Lemariecooper

    @Lemariecooper

    11 ай бұрын

    @@patrickbrussels4454 Thank you, I copied and pasted her name on web browser and sent a email waiting for reply.

  • @adamkoke8616
    @adamkoke861610 ай бұрын

    Nice video as always but here is my problem I have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do

  • @Haroldmegan

    @Haroldmegan

    10 ай бұрын

    wow i'm shocked you just mentioned and recommended Henne Nate i thought i'm the only one tradng with him

  • @richardbalint2582

    @richardbalint2582

    10 ай бұрын

    ​@@HaroldmeganMy first experience with him gave me the assurance that has made me to trade without fear of loosing

  • @sylvesterandris5410

    @sylvesterandris5410

    10 ай бұрын

    ​@@Haroldmeganyou don't need to be shocked because i'm also a huge beneficiary of Henne Nate

  • @SylvainASSOU-cs3wr

    @SylvainASSOU-cs3wr

    10 ай бұрын

    I'm so happy for taking the bold step in investing with him. What suprises me about him mostly is he gives his clients access to his trading site whereby they can monitor their trades on a daily basis

  • @earnheardtmatt1489

    @earnheardtmatt1489

    10 ай бұрын

    I stumbled upon one of his clients testimonies and decided to try him out.. i'm expecting my third cashout in 2days

  • @Weromano
    @Weromano Жыл бұрын

    Here in Germany, when workers strike, there is a great solidarity and encouragement even by the people impacted by the strike.

  • @a.person1723

    @a.person1723

    Жыл бұрын

    you'll find no such solidarity from the working class here in 'murika. half our population slavishly worships their corporate overlords.

  • @LiberNoster

    @LiberNoster

    Жыл бұрын

    That is only half true. There is also very much anger about it by the ones affected and not affected, here in Germany...

  • @jl8942

    @jl8942

    Жыл бұрын

    Montana is approximately 376,979 sq km, while Germany is approximately 357,022 sq km, making Germany 94.71% the size of Montana. Meanwhile, the population of Montana is ~989,415 people (83.3 million more people live in Germany). We have solidarity in some states, but the US is much bigger. It would be the equivalent of the entire EU showing solidarity.

  • @pedroferrr1412

    @pedroferrr1412

    Жыл бұрын

    @@LiberNoster Ya, it is the same in Portugal, people are super egoistic and idiotic

  • @Kuasarakyat2

    @Kuasarakyat2

    Жыл бұрын

    No one is protesting about the destruction Nord Stream 2?

  • @jamesclay234
    @jamesclay2348 ай бұрын

  • @margaritasbunny

    @margaritasbunny

    8 ай бұрын

    An obvious way to lnvest for a recession is to buy shares in businesses that are likely to experience steady demand even in a downturn. Typically, those are consumer staples, utilities, and healthcare companies, but off course such decisions cannot be made by an average Joe, a financial advisr is important in making this decisions

  • @Patriciacraig599

    @Patriciacraig599

    8 ай бұрын

    @@margaritasbunny Such considerations can certainly have a role when I think about whether I ought to buy into a share. But I never purchase purely on that basis, i always have to seek the adv!ce of my financial-planner who has helped me gain $985k in a well-diversified portfoIio that has experienced exponential growth

  • @FeliciaJudge

    @FeliciaJudge

    8 ай бұрын

    @@Patriciacraig599 I wholeheartedly concur, i have thought of engaging with an lnvestment coach, but don't really know how to get one.

  • @Patriciacraig599

    @Patriciacraig599

    8 ай бұрын

    @@FeliciaJudge Big Credits to '' Elizabeth Pan Holt'' she has a web presence, so you can simply search for, there are some others but it might be difficult to get them, but Viviana has been a good guide through the year.

  • @FeliciaJudge

    @FeliciaJudge

    8 ай бұрын

    @@Patriciacraig599 I looked up Elizabeth Pan Holt online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-markt

  • @jessicamoore3093
    @jessicamoore3093 Жыл бұрын

    Recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.

  • @alexyoung3126

    @alexyoung3126

    Жыл бұрын

    Keep this in the back of your mind. There are good days and bad days. It's a zero-sum game, but keep this advice in mind: spend wisely, invest wisely, and diversify your holdings so that when one performs poorly, the others do as well. This can be accomplished by hiring a knowledgeable specialist whose platform provides a wide range of investment options. By doing so, you leave little room for regrets and may even gain more.

  • @joesphcu8975

    @joesphcu8975

    Жыл бұрын

    With the assistance of an investment advisor, I was able to diversify my $401k portfolio across multiple markets, earning over $980k in net profit from high dividend yielding stocks, ETFs, and bonds in just a few short months.

  • @kimyoung8414

    @kimyoung8414

    Жыл бұрын

    @@joesphcu8975 That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

  • @joesphcu8975

    @joesphcu8975

    Жыл бұрын

    My Financial adviser is ‘’Helene Claire Johnson’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

  • @kimyoung8414

    @kimyoung8414

    Жыл бұрын

    Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.

  • @olgageorgsen9654
    @olgageorgsen9654 Жыл бұрын

    With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stock portfolio

  • @user-dl4rr5qs8y

    @user-dl4rr5qs8y

    Жыл бұрын

    As Yuval Eric Brokman is a highly sought-after counsel, he is actually the one who directs me. Nonetheless, you can try your luck. Just leaving his phone number would not be appropriate. he may be lying about, but if you Google his name, you can view his website.

  • @user-dl4rr5qs8y

    @user-dl4rr5qs8y

    Жыл бұрын

    google his name.

  • @user-dl4rr5qs8y

    @user-dl4rr5qs8y

    Жыл бұрын

    search his full name.

  • @user-dl4rr5qs8y

    @user-dl4rr5qs8y

    Жыл бұрын

    you will find his webpage..

  • @olgageorgsen9654

    @olgageorgsen9654

    Жыл бұрын

    I looked him up, and his credentials and resume are excellent, so I can see why he's booked up. Nonetheless, I scheduled a consultation with him

  • @Blabberone
    @Blabberone Жыл бұрын

    As is usual the Professor has laid it out concisely. Where we are coming from and where we are going. Very nicely explained without pomp or pageantry that often academics who don't have the skills that this great man utilizes to be ignored and not heard. Well done Professor.

  • @peaceleader7315

    @peaceleader7315

    Жыл бұрын

    I want to explore a true definition of socialism philosophy.. hmmmm.. just for personal interests .. Capitalism economic system should evolve to communism philosophy direcly through innovation..within our Marxism ambitions.. hmmmm.. I just can't understand why socialism identity and philosophy exist.. ??? hmmmm.. It is said, and it must be done..

  • @kevinschmidt2210

    @kevinschmidt2210

    Жыл бұрын

    @@peaceleader7315 hmmmm.. That is just your personal opinion, and not "a true definition."

  • @peaceleader7315

    @peaceleader7315

    Жыл бұрын

    @@kevinschmidt2210 I am the Alfa and omega.. teach me.. you must.. said young Yoda.. hmmmm..

  • @peaceleader7315

    @peaceleader7315

    Жыл бұрын

    @DisruptApps™ capitalism thrive on division, uncertainty , wars, and conquest... our human social structure consists of cultures, religions, and patriotism flags, which is an excellent breeding ground for the wild west capitalism economic greeds.. hmmmm..

  • @kevinschmidt2210

    @kevinschmidt2210

    Жыл бұрын

    @@peaceleader7315 Naaaah! You're a junkyard Alfa Romao that doesn't go vrooommmm anymore, with delusions of grandeur.

  • @bobbymainz1160
    @bobbymainz1160 Жыл бұрын

    Economists and business leaders are voicing concerns at the start of 2023 that the year could be a difficult one. JPMorgan Chase & Co. Chief Executive Jamie Dimon said that the Federal Reserve may need to raise interest rates to 6% to fight inflation, higher than the peak level between 5% and 5.5% in 2023 that most Fed officials penciled in after their December meeting. Although I read an article of people that grossed profits up to $500k during this crash, what are the best stocks to buy/short now or put on a watchlist.

  • @JaykeTurner

    @JaykeTurner

    Жыл бұрын

    Emotionally-charged decisions to sell off large quantities of stocks or other investments now lock in your losses, removing any chance for future growth.

  • @ArthurLedgeeer

    @ArthurLedgeeer

    Жыл бұрын

    A 2022 Northwestern Mutual study found that 75% of U.S. adults admit their financial planning needs improvement. However, only 29% of Americans work with a financial advisor.

  • @AlexanderTurke

    @AlexanderTurke

    Жыл бұрын

    Very correct; the bear market has contributed significantly to the growth of my investment. I was able to quickly increase my portfolio from $180K to $572K. Essentially, I was just doing as my financial advisor instructed. You're good to go as long as you get competent assistance.

  • @RebeccaBellick

    @RebeccaBellick

    Жыл бұрын

    @@AlexanderTurke Would it be okay if I asked you to recommend this specific advisor or company that you used their services? Seems you've figured it all out.

  • @AlexanderTurke

    @AlexanderTurke

    Жыл бұрын

    @@RebeccaBellick I won't pretend to know everything, though. Her name is HEATHER ANN CHRISTENSEN, but I won't say anything more. Most likely, you can find her basic information online; you are welcome to do further study.

  • @brianwhitehawker1756
    @brianwhitehawker17567 ай бұрын

    Stockss are falling and bond yields are rising, but markets still don’t seem convinced the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I'm still at a crossroads deciding if to liquidate my $300k stocck portfoIio, what’s the best way to take advantage of this bear market?

  • @codeblue11

    @codeblue11

    7 ай бұрын

    You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.

  • @andersonedward787

    @andersonedward787

    7 ай бұрын

    A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

  • @geraldt331

    @geraldt331

    7 ай бұрын

    That’s impressive, Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.

  • @andersonedward787

    @andersonedward787

    7 ай бұрын

    LEILA SIMOES PINTO. You can easily look her up, she has years of financiaI market experience.

  • @lucaswilliams9992

    @lucaswilliams9992

    7 ай бұрын

    Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

  • @janet9025
    @janet902511 ай бұрын

    Investing is considered a bedrock in making generational wealth. Most people don't know when, where or what to invest in. Fortunately, great investors of the past and present can provide us with guidance and ideas. Meaningful contributions are always welcomed.

  • @harrisonmichael9636

    @harrisonmichael9636

    11 ай бұрын

    Trading with an expert has been the best way of making huge returns from crypto currency.

  • @harrisonmichael9636

    @harrisonmichael9636

    11 ай бұрын

    The common mistake we newbies make is investing without help and legit guidance from a professional.

  • @rodiyahyusuff7702

    @rodiyahyusuff7702

    11 ай бұрын

    ​@@harrisonmichael9636Yes, you're right, it's not watching all videos wasting time on strategies, I was ignorant doing so till I met Sir Lucas S.Chamberlain last year at a startup funding event in Washington DC.

  • @rodiyahyusuff7702

    @rodiyahyusuff7702

    11 ай бұрын

    He had some interesting things to say about the state of algorithmic trading today, obviously I'm seeing results, and my trading is going smoothly.

  • @chibuzoreustace2352

    @chibuzoreustace2352

    11 ай бұрын

    Trading is like a real time business if you want to win it, you need to be prepare for it. Markets are unpredictable, and you can't predict every.

  • @MrDayinthepark
    @MrDayinthepark Жыл бұрын

    I feel funny liking this video. It documents the nightmare my life became after 2008, it reminds me that capitalism punishes the most expensive of its workers, and Richard's words should be all over the network news, every night. Instead, we see it here, in all it's perfection and accuracy, while the majority of America pretends it isn't true.

  • @gallectee6032

    @gallectee6032

    Жыл бұрын

    I think you're mistaking that the majority of America pretends it isn't true, I think they're instead blaming migrants, jews, black people, gay people, trans people, liberals, and most of all, the government. That if all of those people went away, and the government got out of the way of business (e.g. regulations and etc), they'd be right back to the standard of living that they had during the Keynesian decades.

  • @2CHACHOUU

    @2CHACHOUU

    Жыл бұрын

    Look who runs your government and OWN all Media outlet,now go read their so call Holly book

  • @kwesisalim

    @kwesisalim

    Жыл бұрын

    "America pretends it isn't true" That should be America's slogan.

  • @reubenmorris487

    @reubenmorris487

    Жыл бұрын

    Americans aren't pretending that the message presented here isn't true - it's called, "COGNITIVE DISSONANCE."

  • @JameyKirby

    @JameyKirby

    Жыл бұрын

    @@jonashassel5404 Have you ever read the bible? "And when you pray, do not be like the hypocrites, for they love to pray standing in the synagogues and on the street corners to be seen by men. I tell you the truth, they have received their reward in full. But when you pray, go into your room, close the door and pray to your Father, who is unseen. Then your Father, who sees what is done in secret, will reward you. And when you pray, do not keep on babbling like pagans, for they think they will be heard because of their many words."

  • @oscarhaffmans3001
    @oscarhaffmans3001 Жыл бұрын

    An invaluable description of The Bigger Picture and the Ukraine Debacle. I will forward your video to all Dutch MEP’s. Maybe other viewers will follow my example in their respective home lands. Our Western politicians need some Prof. Wolff education. Hopefully this will contribute to ending this lopsided war which causes havock among the Ukrainian people and MUST stop NOW for humanitarian reasons. We the people have to persuase our politicians to stop contininuing this war. So please raise your voices and that of our beloved professor. Peace.

  • @Raymondjohn2
    @Raymondjohn211 ай бұрын

    Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues.. well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60. I need suggestions on what investments to make..

  • @hermanramos7092

    @hermanramos7092

    11 ай бұрын

    I'll suggest you find a mentor or someone with experience guide you especially in this recession. especially for your 401K, IRA and portfolio diversification.

  • @lipglosskitten2610

    @lipglosskitten2610

    11 ай бұрын

    I agree, that's the more reason I prefer my day to day invt decisions being guided by a init-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a init-coach for over 2years+ and I've netted over 2.8million.Read more

  • @kenanporubsky2122

    @kenanporubsky2122

    11 ай бұрын

    @@lipglosskitten2610 I've been thinking of going that route been holding on to a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, think your Inv-coach could guide me with portfolio-restructuring..

  • @lipglosskitten2610

    @lipglosskitten2610

    11 ай бұрын

    @@kenanporubsky2122 I've shuffled through a few advisors but “Catherine Morrison Evans” remains the most resourceful thus far. Her strategy proves profitable, and sustainable both in a bull & bear market. Most likely, her deets can be found on the net, so you can confirm yourself..

  • @kenanporubsky2122

    @kenanporubsky2122

    11 ай бұрын

    @@lipglosskitten2610 Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted Catherine’s full name into my browser, and her website came up first in search results. She looks flawless.

  • @MIchaelGuzman737
    @MIchaelGuzman737 Жыл бұрын

    From my perspective, this highlights the importance of having a competitive advantage as investors. Merely mirroring the market strategies of others is insufficient in achieving optimal results. I am currently grappling with the decision to invest in the current market, as it presents both uncertainty and opportunity. Could you share your insights on this matter?

  • @CynthiaByrd648

    @CynthiaByrd648

    Жыл бұрын

    These market uncertainties are why I don't base my judgments and decisions in the market on rumors and hearsay. I got the best of me 2020 and made me occupy a worthless position in the market, I had to reorganize my entire portfolio using an advisor, before I started to see significant results happen in my portfolio. I am still using the same advisor and I have netted $1.5 million in 2 years, whether it's a bull or bear market, both generate good profits, it all depends on where you're looking.

  • @Ammo-Hoarder

    @Ammo-Hoarder

    Жыл бұрын

    @@CynthiaByrd648 Admittedly we are only one information away from amassing wealth, I know many people who made their fortunes from the Dotcom crash as well as the 08' crash and have researched similar opportunities in this current market, could this person who guides you help?

  • @CynthiaByrd648

    @CynthiaByrd648

    Жыл бұрын

    My advisor "LISA ELLEN SHAW" is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversification as a bear market buffer and is considered an expert in the field. I recommend doing further research on her references. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

  • @Ammo-Hoarder

    @Ammo-Hoarder

    Жыл бұрын

    @@CynthiaByrd648 Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

  • @aurelbican4575

    @aurelbican4575

    Жыл бұрын

    ĺ

  • @hunantrain
    @hunantrain8 ай бұрын

    Your videos are always on point ❤ You and Gary Joe Wilde are highly recommendable investing coaches every investor who wants to get rich investing must know or work with Unfortunately, don't know why Gary chose not to own a video channel here like other experts. He is long-established and very advanced in the field.

  • @viktoriarebane1274

    @viktoriarebane1274

    8 ай бұрын

    Gary Joe Wilde is strictly regulated. It's against the ethics. Sec regulated FAs aren't allowed to own investing/trading vid channels. If you see any it's an imposter.

  • @michaelchad5241

    @michaelchad5241

    8 ай бұрын

    @@mackenziefventes353Same here. In all honesty, I wish I knew about him earlier than I did.

  • @michaelsmith6306

    @michaelsmith6306

    8 ай бұрын

    @@viktoriarebane1274Chris and some other older advisors often talked about him in their early vids. Got to know he mentored many of them. They call him "CommandaX".

  • @fereydoonbesharati7945
    @fereydoonbesharati7945 Жыл бұрын

    No body can explain it as clear as you did , thanks for your expertise Richard.

  • @GjaP_242

    @GjaP_242

    Жыл бұрын

    What about the need to generate jobs in today's globalized world? The need to generate jobs in today's globalized world is a pressing concern for policymakers and economists alike. In this context, each of the three economic theories - neoclassical, Keynesian, and Marxist - has different implications for job creation. Neoclassical economics emphasizes the importance of market efficiency and suggests that job creation will occur naturally through the interaction of supply and demand in labor markets. This approach argues that reducing labor market regulations, lowering taxes, and promoting free trade will stimulate economic growth and job creation. Keynesian economics, on the other hand, argues that government intervention is necessary to address issues of unemployment and inequality. Keynesian policies such as fiscal stimulus, public investment, and job training programs can help to stimulate job creation and support workers in sectors such as agriculture, industry, and services. Marxist economics views job creation as a function of the balance of power between capitalists and workers. This approach suggests that the primary goal of job creation policies should be to empower workers and reduce exploitation, rather than simply maximizing profits for capitalists. Marxist policies such as worker ownership of firms, collective bargaining, and progressive taxation can help to redistribute wealth and promote more equitable job creation. In the context of today's globalized world, each of these economic theories offers different perspectives on the most effective ways to generate jobs. Neoclassical policies tend to prioritize market efficiency and rely on market forces to stimulate job creation, while Keynesian policies tend to prioritize government intervention to support job creation and reduce inequality. Marxist policies tend to prioritize worker empowerment and the reduction of exploitation. Ultimately, the most effective approach to generating jobs may require a combination of these different perspectives, tailored to the specific needs and circumstances of each country or region. 1:25 [Content generated by ChatGPT. ChatGPT is an artificial intelligence (AI) chatbot developed by OpenAI]

  • @vishalkhanna1476

    @vishalkhanna1476

    11 ай бұрын

    Hi I'm continuously accumulating Natural gas on dips expecting to be dollar 5..your thoughts n advise cmp 2.3 Dollar High 9+ Dollar .....imp you may ask all ur well wishers to take advantage....buy on dips wait for dip!!

  • @ericprunty3734
    @ericprunty3734 Жыл бұрын

    A weak dolllar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against recession and inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $300k

  • @spanky7277

    @spanky7277

    Жыл бұрын

    shove it under your pillow .

  • @mythrodos

    @mythrodos

    Жыл бұрын

    Inflation is the literal increase of the money supply created by government. As a result of increased supply prices rise as the demand from the consumers increases as a result of increased supply. Thats why inflation is a “money-eater” because the costs of good increases. You can use that to help pay off loans “faster” because the value of the dollar becomes weaker. The catch 22 is that if you do not have increased income generation as a result now you’re also buried deeper into the financial sinkhole. 😢

  • @etniks69

    @etniks69

    Жыл бұрын

    BUY GOLD AND SILVER in metal, not 'cerificates". Have posesion physically of the metal, not in a bank where it can be stolen, as it happened in 1945 by Roosvelt.

  • @_UNISTAR_

    @_UNISTAR_

    11 ай бұрын

    Ad bot comment. Don't fall for it.

  • @neilinaluaracailie

    @neilinaluaracailie

    11 ай бұрын

    Hello I am neilina luara cailie from Washington DC.I’m a Financial Adviser, a digital account manager @coinbase, also a pro stock broker. I trade and manage individuals account.looking for a financial adviser I'm here.

  • @WiolciaMrozowska531
    @WiolciaMrozowska53111 ай бұрын

    Working with a financial expert could truly set you up for life. I'm delighted I was able to contact my coach Rodger Michael Karl earlier this year because while others were busy whining about the downturn I was busy cashing out from my portfolio, finally making over 370k only for the first quarter. of the year.

  • @Windarti30

    @Windarti30

    11 ай бұрын

    Thank you so much for the advice. Your coach was simple to discover online. I did my research on him before I scheduled our phone call. He appears knowledgeable based on his online resume.

  • @LewisAtonn

    @LewisAtonn

    11 ай бұрын

    Rodger Michael Karl helped transformed my life, he has been amazing, and ever since I met him, my life has taken a positive turn because of the passive income through his knowledge....

  • @DiscutirconPablo

    @DiscutirconPablo

    11 ай бұрын

    I just discovered his outstanding resume when I searched for his name on Google. I count it a blessing that I came across this comment section.

  • @Setharius

    @Setharius

    11 ай бұрын

    wtf is happening in this post...

  • @Setharius

    @Setharius

    11 ай бұрын

    Oh... apparently ad bots think that by spamming democracy at work then it can result in some profit.... "Post on Wolff + Refer to Con Artist + ????? = Profit"

  • @screenPhiles
    @screenPhiles Жыл бұрын

    It's weird that so-called economists couldn’t see the rise of nations like China, India and Brazil when 'first world countries' determined - and let’s be clear, that's exactly what it was, a determination - that they weren't going to produce anything, which fueled their growth.

  • @tommyrussell

    @tommyrussell

    Жыл бұрын

    An economist's job is to make sure the average citizen doesn't understand the true nature of their economic crisis. Capitalist economics is a PR firm hired by the ruling class to delude the working class into falsely believing that the whole system is being run with their interests in mind. When China announced their modern free-market reforms 50ish years ago their literally documented in the 5 and 25 year plans that their objective was to exploit Capitalists in this way to finance the development of their own manufacturing capacity. Any economist competent enough to read the official economic plan of a global economy would have seen this exact scenario coming.

  • @jillfryer6699

    @jillfryer6699

    Жыл бұрын

    @@tommyrussell People, even economists, are geniuses at not seeing what makes them uncomfortable, what might make them have to get off their bums and move the deckchairs round a bit. You are exactly right. It was all announced decades ago, and brushed aside straightaway by the expert right wing economists and kept out of the Newspapiers from then on. And now they're all squawking like geese who've seen the fox has got in and the farmer has walked off and left them to it.

  • @screenPhiles

    @screenPhiles

    Жыл бұрын

    @@tommyrussell I would argue that it doesn't take an economist to see. If someone determines that I'm going to manufacture all the widgets - because they don't want to pay their workers to do it themselves - then eventually I'm going to rise to prominence.

  • @bingiherb

    @bingiherb

    Жыл бұрын

    There is peace in the middle east , I must have missed something!

  • @tommyrussell

    @tommyrussell

    Жыл бұрын

    @@screenPhiles You're right that anyone paying attention should have seen this coming, but it's not a certainty. Many countries in similar economic positions haven't made the progress China has, and many have made little progress at all due to neocolonialism. India, Pakistan, Mexico, and many other manufacturing hubs have the capacity to achieve similar growth but didn't have the appropriate economic planning to keep it on course.

  • @mimiwinarto9164
    @mimiwinarto9164 Жыл бұрын

    Professor Wolff is the best lecturer of Economics!

  • @Marxist2

    @Marxist2

    Жыл бұрын

    He sure is. I wish people in this country & the world would watch his show.

  • @patrickmccormack4318

    @patrickmccormack4318

    Жыл бұрын

    Really? There exists many renegade economists.

  • @TomSmith-sr2br

    @TomSmith-sr2br

    Жыл бұрын

    The problem is that he is all talk, that's it. Him, you and I, nothing is getting better.

  • @mimiwinarto9164

    @mimiwinarto9164

    Жыл бұрын

    @@TomSmith-sr2br He is a lecturer, not a politician. His job is to lecture and provide information to people according to what he believes in.

  • @TomSmith-sr2br

    @TomSmith-sr2br

    Жыл бұрын

    @@mimiwinarto9164 You missed my point, good luck to you tho, you will figure it out one day, be well.

  • @sandraspidle5972
    @sandraspidle5972 Жыл бұрын

    I love this channel. You remind me of the great journalists we used to have, thank you. America shot itself in the foot with their decision of globalization and now we're limping. Then we had the 2017 leadership, which harmed us even more.

  • @kennydlite
    @kennydlite Жыл бұрын

    This isn't a Democratic issue. This isn't a Republican issue. This is an issue for those who are not a billionaire. The people in power are the ones who horde the mlst wealth and shape the world that benefits them and only them. This is the first video I've seen of Democracy in Action and damn did I appreciate it. Powerful and poignant Edit: typo

  • @elainegoad9777
    @elainegoad9777 Жыл бұрын

    I'm always eager to learn from Proff. Richard Wolff !

  • @jgalt308

    @jgalt308

    Жыл бұрын

    To bad he never delivers anything worth learning.

  • @Rainstorm121

    @Rainstorm121

    Жыл бұрын

    @@jgalt308 and why are you wasting your time here?🤣

  • @jgalt308

    @jgalt308

    Жыл бұрын

    @@Rainstorm121 To expose the previously stated fact...and because the "comment" section provides one with the opportunity to be read...rather than being overwhelmed and lost among the 1000's of "twitter brains" on other sites. You?

  • @spailer5478

    @spailer5478

    Жыл бұрын

    @@jgalt308 so what did he say in this video that was wrong or misleading?

  • @jgalt308

    @jgalt308

    Жыл бұрын

    @@spailer5478 The full critique of this video can be found by simply scrolling down to the end of the comments...you can't miss it. " Another "Down the Rabbit Hole" with Prof????? Wolff episode, full "economic update" 4/24/23 "

  • @800_k_7
    @800_k_7 Жыл бұрын

    Prof. Richard Wolff is among the best economic intellectual and can easily explain the difference between right and wrong. So it seems that greed is greater than your own safety, that helps explain why capitalism move their factory to China and alsewhere. Mr. Richard Wolff, my greatest respect to you. Thank you for your time and contribution. God have mercy 🙏

  • @kaceykelly7222
    @kaceykelly722211 ай бұрын

    Professor Wolff, thank you for giving so many of us the opportunity to receive such impressive tutoring in a subject that affects all of our lives. I look forward to each an every episode of your Economic Update.

  • @vishalkhanna1476

    @vishalkhanna1476

    11 ай бұрын

    Hi I'm continuously accumulating Natural gas on dips expecting to be dollar 5..your thoughts n advise cmp 2.3 Dollar High 9+ Dollar .....imp you may ask all ur well wishers to take advantage....buy on dips wait for dip!!

  • @bhaviksharma1856

    @bhaviksharma1856

    11 ай бұрын

    It's simple, by end of 2030: 1. China 2. US 3. India By end of 2045; 1. China 2. India 3. US AND THESE THREE WILL RULE THE WORLD TILL THE NEXT CENTURY WITHOUT CHANGING POSITIONS FOR AT LEAST 75 YEARS 👍

  • @chakkimmok8403

    @chakkimmok8403

    8 ай бұрын

    Yes. p. p. I yelled and stay in yet but the price for rector prescribed medicine and yet yet

  • @daskharepreeti
    @daskharepreeti Жыл бұрын

    Thank you Professor for joining the dots so correctly. I am from India..have lived and worked in US UK and can clearly see what you're saying. The common man is being impacted everywhere because the last few decades created a huge economic divide. A new order will surely emerge because it's gone too far

  • @dr.zoidberg8666
    @dr.zoidberg8666 Жыл бұрын

    Positive change in the world is starting to become visible. It's like a dim, distant light on the horizon of a very dark, very long night.

  • @kwesisalim

    @kwesisalim

    Жыл бұрын

    The sun is setting on the west

  • @jgalt308
    @jgalt308 Жыл бұрын

    There is Cosmic Wisdom in this Simple Question My late father was what you might call a secretly brilliant country boy. “Rick” was a big fat man with a salt-and-pepper beard and a baritone voice. He loved to fiddle with cars, so he wore grime-stained clothes. When he got angry, all manner of colorful things flew out of his mouth. There was no mistaking him for a doctor, lawyer, or college professor. Still, his brain doubled as an encyclopedia of useless facts, which means all the people he loved eventually lost to him at Trivial Pursuit. He could be silly, crude, and frequently a glutton, or warm, witty, and occasionally wise. But on first impressions, people saw him as the punchline of a Jeff Foxworthy joke - that is, until he managed to slip something charming or profound into the conversation. Otherwise, he was a truck driver, which meant he identified with the working man. Elites, therefore, tended to underestimate him. But, despite too many flaws to count, my dad had a strong sense of dignity and fundamental equality. He greeted those who overstepped with a simple question that is woefully under-appreciated today: Who do you think you are? Let’s dive a little deeper into the wisdom of this question. Imagine living under a regime: Whose authorities force you to bankroll both your censors and the propagandists you despise; That punishes those who reveal state secrets, but not state actors keeping secrets from the people; That requires you, your children, and your grandchildren to suck bilgewater out of over-leveraged banks while the bankers dine at Le Gratin; Whose officials force you to pay for your children to be taught that lies are truths and truths are lies; That mandates you put woefully under-tested therapies into your body to keep your job. One could go on ad nauseam. We don’t have to imagine living under such a regime. But with each point, that simple question rings in my head - my father’s baritone voice booming with rectitude: Who do you think you are? As our Empire sinks into the sea, red with blood and ink, we export war machines and sleep under the watchful eyes of a doddering fool and a thousand Col. Jesseps who remind us daily that we can’t handle the truth. Who do you think you are? As the newspapers of record abandon their adversarial beats, what’s left of journalism has been taken up by comedians with podcasts. The rest - these boot-licking Columbia j-school grads - skin their knees trying to get a taste of power and prestige. Who do you think you are? As the Central Banks run dry, their functionaries wait in obscurity as predators to configure a system Mussolini would have cheered. Soon a few monstrous technocrats - the same ones who made this mess - will control every penny in your Fed account and, therefore, you. Us vs. Them In the rabble’s courage, something timeless awakens - the courage of musket-bearing yeomen pushing into advancing redcoat regiments, of Ms. Parks with her stiffened spine, of Mr. Snowden giving up the life he once knew so that we could all know. Legions of fools stay distracted by left versus right. We know the real war is us versus them. And a few anti-authoritarians are getting wise to it. It only takes a few. Remember, the only rational answer to that simple question is: Because I am someone with the power to compel you. There is no other suitable answer. Those at the highest echelons don’t have genes that confer special powers. God does not anoint them. And “democracy” is just a spectacle by a power-sharing cartel that paints legitimacy on a protection racket. Those who stand up for justice realize that the authorities have limited power to compel us if we bear arms, lock arms, speak up, and remember to be brave for our kids. As writer Jamie Bartlett wisely observed, [Nation-state authorities] rely on control. If they can’t control information, crime, businesses, borders, or the money supply, then they will cease to deliver what citizens demand of them. In the end, nation-states are nothing but agreed-upon myths: we give up certain freedoms in order to secure others. But if that transaction no longer works, and we stop agreeing on the myth, it ceases to have power over us. The transaction no longer works. Our job, then, is to make sure our voices ring out in the minds of our children after we’re dead. For that simple question is the last check before discourse turns to destruction. So, if ever there were a mantra for righteous revolutionaries, an anthem for redneck satyagraha, it would be this: Who the hell do you think you are? Max Borders - April 23, 2023 Reading Time: 3 minutes

  • @jillfryer6699

    @jillfryer6699

    Жыл бұрын

    like your definition - 'democracy - a spectacle by a powerful cartel that paints legitimacy on a protection racket'. Everyone has seen through it forever in my long lifetime but no one knows what to do about it, yet. Much has been tried but this is a powerful enemy.

  • @ImagesOfCountries
    @ImagesOfCountries Жыл бұрын

    Such a thought-provoking presentation by Prof Wolff offers impactful insight into the world of today !!! ... 👍

  • @billmeldrum7669
    @billmeldrum7669 Жыл бұрын

    Professor Wolff, thank you so much for your work. I absolutely agree with all of the issues you raise in this piece. Still, I can't help but be reminded of the recent military conflicts that have lasted 20 years, cost taxpayers trillions, and claimed the lives of hundreds of thousands of people - only to fail in its primary objectives. As columnist Eric Alterman writes, the question of who won the war on terrorism has a clear answer: “the ex-generals and admirals and other defense contractors who made millions off of it.” Surely, the military-industrial complex issue is what is at the heart of the crisis of capitalism that we speak about.

  • @ZC965Tt

    @ZC965Tt

    11 ай бұрын

    Is it too sensitive to talk about such topics on KZread today?

  • @isao5257
    @isao5257 Жыл бұрын

    Prof. Wolff. Please consider making a video(s) about the de-dollarization and what impact that might have on people in the states and world. Also, what we can do to minimize the impact. Thank you.

  • @nthperson

    @nthperson

    Жыл бұрын

    Any investment advisor will recommend diversification. Depending on your need for dollars to meet ongoing expenses, you might consider going to the bank and exchanging some of your dollar assets into other currencies or acquire and hold precious metals.

  • @reidcrosby6241

    @reidcrosby6241

    Жыл бұрын

    That would be a HUGE crystal ball move.... history is easier to wrestle with . The permiations and combinations are near impossible to anticipate.. too many variables.. just look at The Coco bonds failing and losing 11 billion Credit Suisse failing (allowed to fail) and then being snatched up. This was by design...who would've known.?

  • @ssuwandi3240

    @ssuwandi3240

    Жыл бұрын

    Sanctions of Russia oil is backfiring..the tankers simply go out for free markets in China and India.. basic trade principle 👉 the consumer cannot dictate the wholesale prices. G7 is asking for upshot in energy prices for to shortages..

  • @ssuwandi3240

    @ssuwandi3240

    Жыл бұрын

    Banning a global supplier of commodity is like Globalist fantasy over Industry 4.0. Sounds great in theory when in fact the premature renewable technology isn't that feasible because the cost of production is very expensive..Suicidal leadership

  • @vishalkhanna1476

    @vishalkhanna1476

    11 ай бұрын

    Hi I'm continuously accumulating Natural gas on dips expecting to be dollar 5..your thoughts n advise cmp 2.3 Dollar High 9+ Dollar .....imp you may ask all ur well wishers to take advantage....buy on dips wait for dip!!

  • @treefrog3349
    @treefrog3349 Жыл бұрын

    The ultimate question is this : will a relatively small cadre of the global powerful and rich determine the fate of humanity itself? A few thousand versus 8 billion.That disparity is stark, yet very real. Greed is blind. Our history books and even the bible are replete with examples of its negative influence. Our Earth itself has become a victim of it. Humanistic common sense has been kicked to the curb because of it. So far, greed has consistently triumphed over wisdom We wouldn't be in this mess if it hadn't.

  • @blogintonblakley2708

    @blogintonblakley2708

    Жыл бұрын

    Greed has triumphed for the last 12,000 years of civilization. This is because civilization consists of a bunch of authoritarian hierarchies... institutions... that attract and create a space for the greediest, most ruthless people a society can produce, and puts them in charge. This is what civilization is... Many other cultures simply taboo greed. Greedy people are low caste, simply tolerated and not given any responsibilities. Civilization makes a positive fetish of greed. Which is why is so consistently falls apart across the span of recorded history.

  • @blogintonblakley2708

    @blogintonblakley2708

    Жыл бұрын

    @YTCensors Actually, civilization itself is removing the necessary conditions that allow civilization to continue. AI is an example of this. We are living in the build up to a paradigm shift. These pre-shift times are always fraught with anxiety, doomsaying, violence and corruption. When I was born the main public media was the radio. LOL Think of the changes I've lived through in one lifetime... And not a single one of them was politically paradigmatic. We still have all the same problems... and more intensely. But the pressure builds. I have no idea what is going to happen but I think that civilization as a standard way of life in on the way out the door... along with most of the problems it creates for itself. I don't think it's the end of humanity... far from it. We've just driven this civilization thing about as far as it can go.

  • @jeannined7532

    @jeannined7532

    Жыл бұрын

    @@blogintonblakley2708 When there is little hope left on the outside, look within. This is what every great spiritual teacher has urged us to do. Once you know what you really are beyond the movie that is playing in front of your eyes, you will know what is yours to do.

  • @Ronalexandernyc
    @Ronalexandernyc Жыл бұрын

    As a first time listener, I am impressed with the simplicity that Professor Wolff explains these complex topics. I have acquired new ideas. My thoughts expanded and my dreams got bigger. Definitely coming back for more classes. This is a video I will keep playing for a while. The lesson steered my thoughts towards what I believe is the most important issue facing humankind.

  • @jonashassel5404

    @jonashassel5404

    Жыл бұрын

    THE GOSPEL OF THE WORD OF ALMIGHTY GOD "is a great last day that He will save man" "The Millennial Kingdom has come" . ... (when Moses was in the forest, God directly instructed and spoke to him. From the sky God sent food, water, and manna and it is still like this today. It will be like Joseph: Everything came to him and bowed down, for he had food.) Almighty God said Have you seen what WORK of GOD WILL BE FULFILLED in this GROUP of PEOPLE? God once said, even in the MILLENNIUM KINGDOM, PEOPLE SHOULD STILL FOLLOW HIS WORDS and CONTINUE, and in the FUTURE, the WORD OF GOD WILL DIRECTLY GUIDE HUMAN LIFE TO THE GOOD LAND OF CANAAN. 🙏 When Moses was in the forest, God instructed and spoke directly to him. From HEAVEN GOD SENT FOOD, WATER, and MANNA for MAN to ENJOY, and it is STILL LIKE THIS TODAY: GOD PERSONALLY SET THE THINGS FOR PEOPLE TO EAT and DRINK to ENJOY, and He PERSONALLY sent curses to punish people. And so every step of His WORK is PERSONALLY FULFILLED by GOD. NOW, PEOPLE ARE SEARCHING for the truths to happen again, they are trying to see signs and wonders, and those people can be neglected, because the work of God is the one that is gradually being verified. NO ONE KNOWS that GOD CAME DOWN FROM HEAVEN, they still do not KNOW that GOD SENDS FOOD and DRINK from HEAVEN----thus, He is the REAL LIVING ONE, and the pleasant SCENES of the MILLENNIUM KINGDOM that what PEOPLE think are also PERSONAL WORDS of GOD. ☀️ This is the truth, and only this exists with God on earth. God's existence on earth refers to the flesh. Those who are not of the flesh are not on earth, and thus all those who focus on going to the third heaven are acting in vain. One day, when the entire universe returns to God, the CENTER of His WORK in the ENTIRE UNIVERSE will FOLLOW the VOICE of GOD; elsewhere, some will call, some will use an airplane, some will use a boat on the ocean, and some will use lasers to receive the word of God. ALL will be WORSHIPFUL, and DESIRED, they will ALL BE CLOSE to GOD, and GATHER--GATHER to GOD, and ALL WILL WORSHIP GOD----and ALL of these are GOD'S WORKS. Remember this! GOD WILL NEVER START AGAIN anywhere. ☀️ GOD WILL FULFILL THIS TRUTH: HE WILL MAKE ALL MANKIND IN THE ENTIRE UNIVERSE FOLLOW HIM, and WORSHIP GOD ON EARTH, and HIS WORK IN OTHER PLACES WILL STOP, and PEOPLE WILL BE FORCED TO FIND THE TRUE PATH. This will be JOSEPH'S PARABLE: ALL CAME TO HIM for FOOD, and BOWED HIM, because he had FOOD. To AVOID FAMINE, PEOPLE WILL BE FORCED TO FIND THE TRUE PATH. THE WHOLE RELIGIOUS COMMUNITY IS SUFFERING FROM A SEVERE HUNGER, and ONLY the GOD of NOW is His FOUNTAIN OF LIFE OF WATER, HAVING AN EVER-FLOWING FOUNTAIN PROVIDED FOR THE ENJOYMENT OF MAN, and PEOPLE WILL COME AND HOPE at His. ☀️🙏 That is the TIME that the WORKS of GOD will be REVEALED, and GOD will be GLORIFIED; ALL PEOPLE IN THE ENTIRE UNIVERSE will WORSHIP the BUSY--BIGHANING "man." 🙏 Will this not be the day of God's glory? One day, the ELDER SHEPHERDS WILL SEND TELEGRAMS LOOKING FOR WATER from the FOUNTAIN of LIVING WATER. They are OLD, but they will still GO to WORSHIP this MAN, whom they DENIED with their MOUTHS they will recognize and in their HEARTS they will TRUST---and is this not a sign and a wonder? ☀️ When the ENTIRE KINGDOM CELEBRATES, it is the DAY OF GOD'S GLORY, and whoever will COME NEAR you and RECEIVE the GOOD NEWS of GOD will be BLESSED by GOD, and these NATIONS and these PEOPLE will be BLESSED and CARED BY GOD . This is the approximate direction: Those who receive the WORDS of GOD from His MOUTH WILL HAVE A WAY TO WALK IN THE WORLD, and whether they are businessmen or scientists, or teachers or workers, those who DO NOT HAVE THE WORDS OF GOD will HARD even at the first step, and they WILL BE FORCED TO FIND THE TRUE PATH. ☀️ This is what it means, "WITH THE TRUTH YOU CAN REACH THE WHOLE WORLD; WITHOUT THE TRUTH YOU CAN REACH NOTHING." The truth is: GOD WILL USE THE WAY (which means all His words) to RULE THE ENTIRE UNIVERSE and RULE and CONQUER MANKIND. 💐🙏 People are always hoping for a big turnaround in God's ways. Simply put, THROUGH WORDS God controls PEOPLE, and you MUST DO what He SAYS whether you want to or not; it is a TRUE PURPOSE, and must be FOLLOWED by ALL, and therefore, also, it is unshakable, and known to all. The HOLY SPIRIT GIVES PEOPLE A FEELING. ☀️🙏 AFTER READING THE WORDS OF GOD, in their HEARTS they will be STRONGER, and PEACEFUL, while PEOPLE WHO HAVE NOT RECEIVED THE WORDS OF GOD FEEL EMPTY. That is the POWER of the WORD of GOD----PEOPLE NEED TO READ it, AFTER they READ it they will be FILLED, and they CANNOT be WITHOUT it. It is LIKE when a MAN INHALES opium: It GIVES them STRENGTH, and without it they are desperate, and powerless. 🙏 That's how people will behave today. READING GOD'S WORDS GIVES PEOPLE STRENGTH. 🙏 If they do NOT READ it, they will be anxious, BUT AFTER they READ it, they will immediately RISE from where they are sitting. This is the MEANING of the KINGDOM of GOD ( the Word ) on EARTH. 💐🙏 There are some people who want to leave, or are tired of God's work. Regardless, they CANNOT TURN AWAY from the WORDS of GOD; NO MATTER HOW WEAK THEY ARE, THEY WILL STILL RELY ON THE WORDS OF GOD TO LIVE, and HOWEVER THEY REBEL, THEY DARE NOT LEAVE THE WORDS OF GOD. THE POWER OF GOD'S WORDS IS REALLY SHOWN when God RULES and EXHIBITS POWER, and THIS IS HOW GOD WORKS. This, AFTER ALL, is the WAY GOD WORKS, and NOTHING CAN BE LEFT OUT. 🙏 Follow page 2 --- From "The WORD Appears in the Flesh". holy book Fulfilled in "In the beginning He was the Word, the Word was with God, and the Word was God" (John 1:1). ... and "When I looked up, someone handed me a book wrapped in a scroll. I opened it and I read on both sides the prayers, lamentations, and curses." (Ezekiel 2:9-10). ... "His garment was stained with blood. He was called the "Word of God" (Revelation 19:13). The kingdom He brought down and set up in the highest in the sky so that it can occupy His creation in the universe and engrave on it the entirety of His Holy name "THE CHURCH OF ALMIGHTY GOD" 💐 fulfillment of (Matthew 16:18) "And I say as for you, you are Peter, on top of this rock I will build my Church, that even the power of death will not be able to overcome it.". ... and "The Letter to the Church in Philadelphia" (Revelation 3:7-13). ... And fulfillment of "The New Jerusalem" 💫 (Revelation 21:10) "The Spirit enveloped me, and the angel led me to the top of a very high mountain. He showed Me Jerusalem, the Holy City, which coming down from heaven from God." (1 Peter 4:17) "For the time has come in the house of God for the beginning of judgment in the house of God." 📩 Calling and leading the sheep of God to His glorious Throne "THE CHURCH OF ALMIGHTY GOD"💐 to submit again to His authority so that He will continue to teach, guide and protect even in plague, famine and wild animals will not be moved by it and completely win this final battle with the big red dragon! "They say with a loud voice, "Salvation comes from the Lamb, and from our God who sits on the Throne!" (Revelation 7:10). ... "But you are a chosen race, a company of royal priests, a a nation dedicated to God, a people belonging to God to declare the wonderful things he has done. He is the one who calls you out of darkness into wonderful light." (1 Peter 2:9). ... and fulfillment that it will be built above the sky/KZread in (Isaiah 2:2) "In the Last Day, the mountain on which Jehovah's temple stands will stand out above all the mountains. All nations will flock there. " 📨 💌.

  • @jillfryer6699

    @jillfryer6699

    Жыл бұрын

    I often need to watch them two or three times

  • @Bisquick

    @Bisquick

    Жыл бұрын

    @@jonashassel5404 "Fun" fact: that Jesus guy was effectively a counter-hegemonic ideological force toward a _class consciousness_ oppositional to the Roman occupation and its ossified class domination. Looking at all that through a historical materialism lens (ie one focused on what all of these cultural shibboleths organize/mystify into a collective alignment of class), we can see the undergirding _material_ force that directs our particular understandings of these ideological mappings. The "good word" is not some abstract conceptual spirituality, it is quite literally a resurrection of the debt cancellation "jubilee year" outlined in Leviuticus 25 to give the whole of society a clean slate and free one another from these compounding class tensions which were codified then enforced by that Roman occupation. Palestine in the first century A.D., when Jesus gathered his movement, holds a mirror to our times: massive social unrest in which relatively minor provocations could lead to mass protests and violence; Christianity (initially the Jesus movement within Judaism) founded as a revolt against that elite domination rather than its contemporary form of complete and totalizing subordination to it. _“The ideas of the ruling class are in every epoch the ruling ideas, i.e. the class which is the ruling material force of society, is at the same time its ruling intellectual force. The class which has the means of material production at its disposal, has control at the same time over the means of mental production, so that thereby, generally speaking, the ideas of those who lack the means of mental production are subject to it. The ruling ideas are nothing more than the ideal expression of the dominant material relationships, the dominant material relationships grasped as ideas.”_ - some guy (Marx, to not be pointlessly facetious) On one side were Greek cultural imperialism and Rome’s brutal occupation. On the other was a Jewish people committed to preserving its identity but divided between accommodation and violent resistance. Conflict often played out along an urban-rural divide. Cities were relatively cosmopolitan. The countryside was religiously conservative. And it was from the latter - the Galilean cultural backwater - that Jesus emerged and precisely how Christianity gained influence to the point where the Roman empire has to rhetorically adopt its values to subvert the uprisings and instability it catalyzed. This process effectively inverts its consensus of values giving us a direct line to the psycho protestant/evangelical "Christianity" of today (its apotheosis as "prosperity gospel"). So now we can look at the global south, where the US has and continues to dominate, from the Monroe Doctrine to the banana wars (origin of term "banana republic" for anyone circumstantially unfamiliar) to Operation Condor, Christianity is understood in a parallel context of _actually experienced_ imperialism and suffering and as a result we get the dialectical pole to "prosperity gospel" in "liberation theology". As Robespierre famously put it, _"no one likes armed missionaries; and the first advice given by nature and prudence is to repel them as enemies."_ _This_ is precisely why someone like Nietzsche appropriately calls out the resentment-fueled mystification and inevitable civilizational thanatos embrace that is "Christianity", not because of that fact of resentment alone, but because that resentment is foundationally/inherently *_dishonest_* when the context of imperial class domination is lost, making it an effective form of social control. _"The slave revolt in morality begins when 'ressentiment' itself becomes creative and gives birth to values: the ressentiment of natures that are denied the true reaction, that of deeds, and compensate themselves with an imaginary revenge."_ - Nietzsche All of this is to say, the "mode of production" of capitalism is at the root here of course as it alone is what organizes material reality at its most foundational level in terms of ownership/control of property, out of which social relations (language, art, culture, law/government, etc.) emerges layered on top, shaping our entire ontology and thus directing the way we perceive both reality and each other. What a surprise that all of these specific (but arbitrary/subjective) cultural shibboleths/identities are consistent only in their inconsistency, but entirely unified in an overlapping consensus that emphasizes above all else a totalizing acquiescence to the _actual_ root of _all_ of these social antagonisms which has uncoincidentally become a third-rail to even mention in any context other than utter reverence...CAPITALISM. _"The bourgeoisie cannot exist without constantly revolutionizing the instruments of production, and thereby the relations of production, and with them the whole relations of society. Conservation of the old modes of production in unaltered form, was, on the contrary, the first condition of existence for all earlier industrial classes. Constant revolutionizing of production, uninterrupted disturbance of all social conditions, everlasting uncertainty and agitation distinguish the bourgeois epoch from all earlier ones. All fixed, fast-frozen relations, with their train of ancient and venerable prejudices and opinions, are swept away, all new-formed ones become antiquated before they can ossify. All that is solid melts into air, all that is holy is profaned, and man is at last compelled to face with sober senses his real conditions of life, and his relations with his kind."_ - some guy again (Marx), a bit optimistic at the end we wouldn't just choose individual delusion while the planet literally burns around us...

  • @neilinaluaracailie

    @neilinaluaracailie

    11 ай бұрын

    Hello I'm neilina luara cailie from Washington DC.I’m a Financial Adviser, a digital account manager @coinbase, also a pro stock broker. I trade and manage individuals account.

  • @neilinaluaracailie

    @neilinaluaracailie

    11 ай бұрын

    ​@@Bisquick hello I'm neilina luara cailie from Washington DC.I’m a Financial Adviser, a digital account manager @coinbase, also a pro stock broker. I trade and manage individuals account.

  • @marcginsburg
    @marcginsburg11 ай бұрын

    It's good to hear you again. I missed you since I used to hear your program on WBAI. Good that along with your economic insight, you are making the necessary changes to grow your audience. People just don't get to hear this unique and intelligent point of view so it's good it appeared in my queue. Thanks.

  • @WilmerBecerra-ve2lc

    @WilmerBecerra-ve2lc

    8 ай бұрын

    I don't speakk English. Traducir al español

  • @misschristy7020
    @misschristy7020 Жыл бұрын

    Thank you Dr. Wolff

  • @MrDXRamirez
    @MrDXRamirez Жыл бұрын

    The Clean Water Act is a good example of legislation that does not go far enough. Here lies the exclusive ability of the two political parties to legislate only that which concerns its own national interest. Even if it is heavily enforced the enactment protects America’s waters... the legislation does not protect the oceans and rivers as one interconnected hydrological force of nature as a whole.

  • @truthaboveall7988

    @truthaboveall7988

    Жыл бұрын

    Obama passes clean water act Trump reverses clean water act we r always in this situation flip flopping & solving nothing

  • @MrDXRamirez

    @MrDXRamirez

    Жыл бұрын

    @@truthaboveall7988 That is how the American people are played, manipulated, fooled, turned into suckers for voting the same two parties over and over again. Mexico got smart and voted AMLO and their two parties called PAN and PRI, identical to Republicans and Democrats, were voted OUT!

  • @johnchan6955
    @johnchan695511 ай бұрын

    Breathless! I am always looking forward to Mr Wolff’s lectures and comments on economic and political issues of the day! What a powerful mind and astute observations !

  • @anandagarwal7237
    @anandagarwal7237 Жыл бұрын

    Excellent analysis Sir thanks a lots 🙏

  • @guyshagmore1873
    @guyshagmore1873 Жыл бұрын

    A well schooled clarity in understanding of current Global economics -suggest reading Dr. Wolf’s marshaled mechanics on the subject.

  • @pacifistttt
    @pacifistttt11 ай бұрын

    Thank you for this stream. I think you're videos are extremely educactional. Most people have been indoctrinated to love Capitalism while they have no capital and suffer from it. Your streams should be shown in schools.

  • @mocoroco6028
    @mocoroco6028 Жыл бұрын

    A very clear and concise analysis of the western socio-economic realities and trends - thank you Richard!

  • @JCGErvin
    @JCGErvin Жыл бұрын

    Amazing, enormous shifts underway… Very thankful to have Professor Wolff provide his views.

  • @vishalkhanna1476

    @vishalkhanna1476

    11 ай бұрын

    Hi I'm continuously accumulating Natural gas on dips expecting to be dollar 5..your thoughts n advise cmp 2.3 Dollar High 9+ Dollar .....imp you may ask all ur well wishers to take advantage....buy on dips wait for dip!!

  • @hosseindod2538
    @hosseindod2538 Жыл бұрын

    Thank you Dr, Wolff T very very interesting and deep subject and thinking

  • @alexyoung3126
    @alexyoung3126 Жыл бұрын

    Market declines, soaring inflation, a significant increase in interest rates by the Fed, and rising Treasury yields all point to additional losses for portfolios this quarter. How can I profit from the present market turbulence? I'm still debating whether to sell my $125,000 ETF/Growth Stock portfolio.

  • @oneiljerry9460

    @oneiljerry9460

    Жыл бұрын

    Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a CFP or other professional for advice.

  • @stephaniestella213

    @stephaniestella213

    Жыл бұрын

    @Zahair O'Brian my 401k growth has been stagnant since the 2019. I wouldn't mind consulting the advisor who guides you, I really want to grow my retirement fund since I could retire in 3 years.

  • @stephaniestella213

    @stephaniestella213

    Жыл бұрын

    @Zahair O'Brian Thanks, I just googled her and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.

  • @miropribanic5581

    @miropribanic5581

    Жыл бұрын

    here is my advice: contact Belaggio Financial Consulting in Las Vegas, they have innovative ways to handle your money...you will be free of all worries.

  • @nthperson

    @nthperson

    Жыл бұрын

    There is an Australian investment advisory service run by Philip Anderson who utilizes a very sophisticated statistical model to determine where markets are within their historically-repeating cycles. You might check out what he has to say. Several of his interviews are on KZread.

  • @brandoncorrie472
    @brandoncorrie472 Жыл бұрын

    Spot on Mr Wolff. The last question is most definitely the most important. Sending regards from South Africa. 🇿🇦

  • @jetstream3528
    @jetstream3528 Жыл бұрын

    For the truth I come here. Thanks Professor !!!!

  • @ghesoonkarim602
    @ghesoonkarim602 Жыл бұрын

    👏👏👏 only a few like yourself who understand exactly what is going on 😊 keep informing the public and thank you

  • @MrLouladakis
    @MrLouladakis Жыл бұрын

    Thank you professor your work helps all of us!.

  • @kateoneal4215
    @kateoneal4215 Жыл бұрын

    Thanks again, Prof! Much appreciated.

  • @hannahdonald9071
    @hannahdonald9071 Жыл бұрын

    In light of the impending recession and the fact that inflation is still far higher than the Fed's 2% target, several of the most prominent market analysts have been expressing their views on how terrible they believe the next downturn will be and how far stocks may have to fall. I need advice on what investments to make because I'm attempting to create a portfolio for my children that will at least be $850k in value.

  • @trazzpalmer3199

    @trazzpalmer3199

    Жыл бұрын

    There are many interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.

  • @graceocean8323

    @graceocean8323

    Жыл бұрын

    @Finest Bear Hug We’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?

  • @hannahdonald9071

    @hannahdonald9071

    Жыл бұрын

    Right now, I'm literally hanging on by a straw, so your advice couldn't have come at a better time! I'll look her up on the internet and then give her a call.

  • @graceocean8323

    @graceocean8323

    Жыл бұрын

    @Finest Bear Hug She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.

  • @MrRIAjim
    @MrRIAjim11 ай бұрын

    Follow the golden rule! Well done, Pam! I support Rev. Stahl Hamilton.

  • @tschoong3897
    @tschoong3897 Жыл бұрын

    Workers in developed and developing countries should start to think differently and organise themselves in such a way not to rely on the rich to provide employment and food on the table. What kind of new world are we going to have? Workers will have to start thinking of new ways to earn a living or to provide food for the family.

  • @baraldanny

    @baraldanny

    Жыл бұрын

    Working class and thinking.... Good luck!!!! They love Trump

  • @LyricalLover3
    @LyricalLover3 Жыл бұрын

    Always come away knowing more Thank you Professor 😊

  • @jamesberry7150
    @jamesberry7150 Жыл бұрын

    It's strange that a guy from the beginning of America can explain capitalism that still holds true today.

  • @LuisAldamiz

    @LuisAldamiz

    Жыл бұрын

    The essence of the system is the same.

  • @jgalt308

    @jgalt308

    Жыл бұрын

    Which guy? Which beginning?

  • @jamesberry7150

    @jamesberry7150

    Жыл бұрын

    @@jgalt308 Adam Smith, wealth of nations.

  • @jamesberry7150

    @jamesberry7150

    Жыл бұрын

    @@LuisAldamiz the shipping scams used then are still in force today.

  • @jgalt308

    @jgalt308

    Жыл бұрын

    @@jamesberry7150 So a work published in 1776 when "america" ( the U.S. ) hadn't begun and "capitalism" was just beginning to emerge. Hardly an "explanation" of capitalism or the existing forms of government that actually existed. This is not to say that it does not represent a "description" that offered interesting observations regarding what did exist...it just does match your understanding of what is being described. Mark Blythe has devoted several recent interviews with guests regarding this period, free markets and Smith...which you might find interesting.

  • @ansonosmond
    @ansonosmond Жыл бұрын

    Thank you for the updates!

  • @jgalt308

    @jgalt308

    Жыл бұрын

    Different day, same B.S.

  • @pritidodhia5059
    @pritidodhia505911 ай бұрын

    Beautifully explained even those who may not have much knowledge or glimpse on how economies work. In their daily lives. Extraordinary.

  • @JMoroccoMisterBoy
    @JMoroccoMisterBoy Жыл бұрын

    Prof./Dr./Mr.Richard D.Wolff: Tks. much.

  • @lunaflora7542
    @lunaflora7542 Жыл бұрын

    Good info. Thank you for the great work.

  • @garynass2033
    @garynass2033 Жыл бұрын

    Our only hope is radical equal systems change. Thank you Mr Wolff, your talk was beautifully articulated. Now it falls to us the people to bring forth the new models for change.

  • @Joy3269
    @Joy3269 Жыл бұрын

    Brilliant Video, Wonderful Video, Amazing Analysis & very Genuine Presentation. All must watch & appreciate.May God Bless Prof Richard Wolff For Speaking thr Truth. May God Bless him. The World today needs Good, Honest, Dedicated & Genuine Human Beings Like him. We will akways pray for him. May God Bless him. May God Bless "Democracy at Work". Amen.

  • @eivindlindefjell5602

    @eivindlindefjell5602

    Жыл бұрын

    This gad as all farrytail this gad ur talk about thats Just some made up and has made history shanged many many times. Just pointed out some facts here. I did get and understand what ur says and means 😉 It is one easy step all can be doing for a start. All can stop see ore have tv on Main stream media. And lock at this People and many many more thats really show world whats News really are all time. Main stream media is owend of this elite thats make desides what shud be seen for People and not. Cos the worlds People wuld be taking out all elite thats make them talk and show "what them want you to see and belive in" Just see trucker Carlsen and what Just happend there. Facts are all over the KZread and so many other platforms that all can get to see and understand how it all works and whats the true really are... That shud be all People first bid

  • @kelvinwilliam1681
    @kelvinwilliam168111 ай бұрын

    Almost everyone, including the media, is anticipating a market catastrophe, and as a result, many are turning a blind eye to the opportunities in the market. I recently began investing in stocks and cryptocurrency, and it was the best choice I've ever made. If you genuinely want to be financially secure, disregard everything the media is suggesting. The market offers a lot of chances. Maximize your use of it

  • @amaeryamidus

    @amaeryamidus

    11 ай бұрын

    What opportunities are there in the market and how do I profit from it?

  • @kelvinwilliam1681

    @kelvinwilliam1681

    11 ай бұрын

    @@amaeryamidus You can make a lot of money from the market regardless of what occurs, whether it strengthens or crashes. The key is to be well positioned, and that's what matters most.

  • @amaeryamidus

    @amaeryamidus

    11 ай бұрын

    @@kelvinwilliam1681 I will really like to know how this things actually work

  • @kelvinwilliam1681

    @kelvinwilliam1681

    11 ай бұрын

    @@amaeryamidus All you need is a good capital and the service of a professional trader, with those you're guaranteed of making profit.

  • @amaeryamidus

    @amaeryamidus

    11 ай бұрын

    @@kelvinwilliam1681 Do you have an idea of any good broker I can start with?

  • @ramkanjeenterprises5416
    @ramkanjeenterprises5416 Жыл бұрын

    Very good analysis proffesor. Clear and to the point.

  • @robertseaborne5758
    @robertseaborne5758 Жыл бұрын

    Thanks Prof, all your videos are valuable and this one is particularly so. Your storying cum lesson on the rapidly changing global socio-economics is a well researched and concise as any on the web. It affirms the wisdom that underpins China's ability to synthesise capitalism and socialism (a very ancient yin/yang quality) thereby making such rapid progress over recent decades. Your story also points toward a multipolar world order that would have leaders among equals rather than a single unipolar leader such that the U.S. now is. In the unlikely event that the present U.S. administration somehow gains sufficient nous and courage to participate in and contribute to such a multipolar world order, rather than continue to belligerently oppose it; the best the U.S. could hope for is to be regarded as a leader among equals.

  • @mikemiller659
    @mikemiller6599 ай бұрын

    I've been listening to this man for Years ..in my car working as a service tech. spending a Lot of time traveling to the site.

  • @bethmcgill5944
    @bethmcgill594411 ай бұрын

    Glad you broke down these trends in understandable terms. Thought I would only view part of this video, but was immersed til the end.

  • @miloradbajic8318
    @miloradbajic8318 Жыл бұрын

    Fantastic and very trutfully.

  • @RyanMurphy571
    @RyanMurphy5715 ай бұрын

    Excellent information, and I appreciate your breakdown! Even with the recent drop in crypt0, I'm glad that I can still grin at my $56,700 portfolio, which I built up quickly from my weekly trades.💯💌💯

  • @RyanMurphy571

    @RyanMurphy571

    5 ай бұрын

    ​@Eric-RobertI would recommend you get started with a professional broker that will trade for you while you get the profit,I have been investing in stocks cks and crypto for over 6 years now and I was surprised to see i made over $473k in just the past two quarters

  • @RyanMurphy571

    @RyanMurphy571

    5 ай бұрын

    +162

  • @RyanMurphy571

    @RyanMurphy571

    5 ай бұрын

    8227

  • @RyanMurphy571

    @RyanMurphy571

    5 ай бұрын

    9441

  • @RyanMurphy571

    @RyanMurphy571

    5 ай бұрын

    She's also reachable via wa sapp..

  • @tarzan40005
    @tarzan40005 Жыл бұрын

    Excellent as it opens up new horizons of thinking. Thank you. Looking forward. 🎉

  • @DrNauseous
    @DrNauseous Жыл бұрын

    What a great lecture, thank you Professor.

  • @bgiv2010
    @bgiv2010 Жыл бұрын

    The State and the private corporation are not enemies! They are rivals! They both want your time, money, energy, attention, body, and life. There's a third arena: the Commons or the true public sector beyond the State.

  • @kevinschmidt2210

    @kevinschmidt2210

    Жыл бұрын

    The state and the private corporations are neither enemies nor rivals. They are fascist partners that look at the public sector as rivals and enemies.

  • @rap3208

    @rap3208

    Жыл бұрын

    In the US, the private corporation is the state. Ever heard of the Deep State? Or the MIC, Or the Neocons? They are the ones pulling the strings behind the screen. They are the .1% that owns more wealth than the 90% of the americans as said by Sen. Elizabeth Warren.

  • @jillfryer6699

    @jillfryer6699

    Жыл бұрын

    As Mr Schmidt says of China "They are our partners, sometimes our competitors but not, repeat not, our enemies". Don't know what right wing audience thought of that.

  • @kevinschmidt2210

    @kevinschmidt2210

    Жыл бұрын

    @@jillfryer6699 Stop lying about what I said. Anyone can clearly see I did not say what you claim I said in my comment. That makes you a confirmed liar and a troll. You may certainly quote me on that, correctly, of course! Meanwhile, The state and the private corporations are neither enemies nor rivals. They are fascist partners that look at the public sector as enemies and rivals. You may quote me on that as well, correctly, of course!

  • @michaelmcgarrity6987
    @michaelmcgarrity6987 Жыл бұрын

    Our Education System is poorly suited to support large Scale Manufacturing. I worked in American Factories in the 1970s and was packed with; Chemistry, Geometry, Mathematics, and Physics skills gained in Grade School. I learned to Code in 9th grade 1972. I'm horrible at Coding but it was beneficial to understand it. The US needs significant improvement in Education. Whatever Operating Systems used, basic Skills are needed to function. It may take a generation to improve basic Skills of American Citizens. TY for Report.

  • @michaelmcgarrity6987

    @michaelmcgarrity6987

    Жыл бұрын

    @@The1Elcil In College or Sr. High School. I help Children with homework. Curriculum change is easy to see. They no longer teach Greek or Latin in Grade School anymore either. Educational standards are dismal now. We are raising a Generation of ignorance.

  • @jillfryer6699

    @jillfryer6699

    Жыл бұрын

    @@The1Elcil No they are not. Not in Anglo lands. Not in primary/grade schools and only in secondary to a small group who are likely getting their main instruction at home or elsewhere, and thus it has been for 50 years+.

  • @nolitetebastardescarborund9761

    @nolitetebastardescarborund9761

    Жыл бұрын

    @Michael Mcgarrity I went to Grade School 1944-1952. I never learned Latin or Greek in those years. Latin in High School, no Greek ever. You must have gone to school in the 19th century.

  • @michaelmcgarrity6987

    @michaelmcgarrity6987

    Жыл бұрын

    @@nolitetebastardescarborund9761 I went to poor inner City Catholic Schools with Christian Brothers and Nuns as Teachers. Long after, I learned from Neuroscience that Children have high neuroplasticity, ideal for learning Languages.. I tried very hard to learn Japanese language in my early 20s, it was incredibly difficult compared to learning Greek and Latin as a young Child. We should take advantage of Young Children amazing Learning Abilities. Geometry and Mathematics is much easier to learn when young. I taught myself using Library Books because I had an obsession with Astronomy. It was far easier teaching myself Calculus and Planetary Orbital Geometry as a young Child than learning Algebra as a Teenager.

  • @nolitetebastardescarborund9761

    @nolitetebastardescarborund9761

    Жыл бұрын

    @@michaelmcgarrity6987 I agree, if you went to Catholic schools, where standards are higher than in public schools. I once read a comment by Margaret Mead that it is "well known" that teaching arithmetic to young children before they are ready is a bad thing. I've never found any reference to her affirmation, but in my own case I can state it's true. I have no idea why I was so bad at arithmetic that I was to be left back in third grade. (I suspect something psychological was in play here.) With no solid basis, later on geometry, etc. were hopeless for me. Apart from that, I agree 1000% that kids should learn languages as early as possible, from the cradle if someone-one parent, a grandparent, uncle, aunt, family friend-speaks an(other) language(s). I've known kids in the US whose parents spoke a foreign language & who learned two languages with no problem.

  • @andersonmachado9739
    @andersonmachado97398 ай бұрын

    Great explanation about how the world is comforting for the new markets and economy, new countries are emerging, and new businesses are coming to stimulate new economies .

  • @jetkastrokdova
    @jetkastrokdova Жыл бұрын

    After a horrendous 2022, shell-stunned financial backers have misfortunes to recover and a lot to consider, as an expansion report and a pile of different information did close to nothing to change assumptions that the Central bank would probably keep climbing interest rates regardless of whether the economy dials back, And that implies more red ink for portfolios for the principal quarter of year 2023. How might I benefit from the ongoing unstable market, I'm currently at a junction choosing if to exchange my $250k security/stock portfolio

  • @MarthaDavis-fh6cw

    @MarthaDavis-fh6cw

    Жыл бұрын

    Centre around two key targets. In the first place, remain safeguarded by realising when to offer stocks to cut misfortunes and catch benefits. Second, get ready to benefit when the market turns around. I suggest you look for the direction a representative or monetary consultant.

  • @bobbyrussel-ob9oj

    @bobbyrussel-ob9oj

    Жыл бұрын

    @@MarthaDavis-fh6cw >In-fact, ever since coronavirus I've been in regular conversation with financial examiners. Nowadays, buying moving stocks is quite easy; the trick is knowing when to buy and when to sell. The section and leave orders for my portfolio are made by my counsel. accumulated more than $550,000 from a $150,000 savings that was initially stale.

  • @Gracej34

    @Gracej34

    Жыл бұрын

    @@bobbyrussel-ob9oj Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.

  • @margaritasbunny

    @margaritasbunny

    Жыл бұрын

    @@Gracej34 I understand that tomorrow isn't promised to anyone, but investing today is hard for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path

  • @Gracej34

    @Gracej34

    Жыл бұрын

    @@margaritasbunny credits to "ROSEMARIE AGATHA ALLORA", one of the best portfolio manager;s out there. she;s well known, you should look her up on the net if you need assistance

  • @luci75d76
    @luci75d76 Жыл бұрын

    Nobody can explain it better than professor Wolff.

  • @jgalt308

    @jgalt308

    Жыл бұрын

    Then you are really screwed!

  • @NN-ul4oy

    @NN-ul4oy

    Жыл бұрын

    ​@@jgalt308 Oh, Galty coming here only to bully people again. Must be a lonesome man.

  • @jgalt308

    @jgalt308

    Жыл бұрын

    @@NN-ul4oy Thus elevating that concept to a whole new level.

  • @GrandmaCathy

    @GrandmaCathy

    11 ай бұрын

    💯

  • @maryblake3866
    @maryblake386611 ай бұрын

    Thanks for your seminar it was very interesting, I sincerely hope your last statement will come true, as a 'boomer' my husband and I have both been very fortunate to have had a good and comfortable lives being part of the skilled working class, living in the UK we support the Labour Party/welfare state and our wonderful Nation Health Service, which due to forty years of Thatcherism has chipped away our society, l fear for success generations and campaign at every opportunity at its demise, I do sincerely hope your final remark does come true.

  • @godfatherofcinema
    @godfatherofcinema6 ай бұрын

    With nothing but the highest appreciation and respect for all of the work you put into these videos. A well-researched clearly explained analysis. High-quality content, the very best of this platform. Thank God for it and you, sir, and God Bless.

  • @dgyson
    @dgyson7 ай бұрын

    Three years ago, nobody could have foreseen the current state of the U.S. dollar. The U.S. continues to repeat the same mistakes that have led to the dollar's current situation. As a result, there's no guarantee that the dollar's future will be as bright as it's hoped to be.

  • @ClementRusso2

    @ClementRusso2

    7 ай бұрын

    Government policies have jeopardised the future for many years, and consequences are approaching. I anticipate an 75% decline in the stock market, causing investors to shift toward real estate. Traditional banking may become less reliable, so it's essential to develop a survival strategy.

  • @Jason9o669

    @Jason9o669

    7 ай бұрын

    These are the conditions in which life-changing money is made by those who remain calm, patients, and take controlled risks. Volatility goes both ways, the bigger the red candles, the bigger the green ones.

  • @VickyAlvy

    @VickyAlvy

    7 ай бұрын

    I consult a financial coach before investing. During the pandemic, I employed profit-focused strategies and risk minimisation, leveraging their insider knowledge and analysis. Working with Stacey Lee Decker as my coach for over three years, I've generated around $750k in earnings.

  • @Rodxmirixm

    @Rodxmirixm

    7 ай бұрын

    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. However, I've heard of others making significant returns during this downturn, which is encouraging.

  • @antonnohr

    @antonnohr

    7 ай бұрын

    I've been passively earning a six-figure income through my investments with Stacey Lee Decker. She guided me to the right community to enhance my financial growth, and I don't need to put in much effort. Regardless of market fluctuations, I consistently generate returns.

  • @petergreen5337
    @petergreen5337 Жыл бұрын

    Thank you very much for this lesson.

  • @helengarrett6378
    @helengarrett6378 Жыл бұрын

    If Professor Wolff is correct that we are about to have happen to us that has happened to Great Brittain then I'm not a happy camper. You all know why. I don't want to see the country that I depend on fail. If there is going to be less then I am certain that there will be much less for me. There won't be enough for me at all. That's what is happening in Great Brittain to people like me. Working folks there are suffering hunger, the health care system has not collapsed but it's very squeezed. Housing is unaffordable and and the affordable stuff is not being properly cared for. Gee whiz, that sounds like how I live here and now. Seeing America become a second string nation doesn't give me any hope at all. It's actually scary. In the poorest countries any system that does any damned thing at all for the poor is going to be hailed as an economic miracle. We did that in the 1930s when Roosevelt reformed a country in which a quarter of us were ragged, starving and unemployed. Now China is bringing its urban workers out of desperation of a couple or three generations ago to a much more hopeful place. I remember my mother telling me to be thankful for my dinner because people in China were starving. They were. Famine was all too real. I was a skinny, picky eater as a little kid and even as a five year old in some dim way I was aware of the desperation of people in China. China has come along quite well...in the cities. But the peasants are far behind even now, though not going through famine and starvation anymore. A Chinese farmer's life is really hard. Grindingly hard. I don't want to live there where I have to be either regimented and worked very hard under strict authority of a greedy boss or bust my back on a farm and have less than I might have in a factory under miserable regimentation. I 'm not lazy but I DON'T want to work like a Chinese factory worker or a rural village farmer while not having the right to protest my situation. Here's where I part from Professor Wolff. He is extolling a new grouping of BRICS countries and some hangers on that are betting of the success of it. But I don't see many democratic governments among them. I only see strongman led governments that have joined together to break the West. No doubt, the West deserves a drubbing. I don't like the almost constant wars that the United States and their allies have indulged in. I resent the gulf between the 1% and everyone else and I am desperate to assure that my social security will sustain me until I die. I do not like living under a Capitalist scheme. But we have not quite lost the one great thing about our political system. We can protest. We can organize. We can lay down our work tools and refuse to work under unacceptable circumstances. The right to organize and protest isn't allowed in those strongman led countries. Who among you want to live in Saudi Arabia as a working class person ? Who likes how women are treated there? How about Iran? Do you want to be a working class person there living under a misogynistic and theocratic system? Right now Iranians aren't too thrilled about their strongman led political system. Putin's Russia? Do you want to live in a country where dissidents are imprisoned or poisoned? Do you want your leader to be a petty dictator or an aggressive bully? China's Xi is yet another very self satisfied strongman who has turned his Socialist country away from that style of living to develop a "private enterprise" system. It's a system that's like a boil on the behind of its previously socialist nation. After the Chinese Revolution, there was much fervor but there was still much privation and something had to change but I think it was totally unnecessary to throw the baby socialist idealism out with the bathwater. China could have let the people in those factories own them and still become America's manufacturing center. (Not that I approve of all that industrial offshoring.) China could have taken a really Marxist turn and let the people own the means of production instead of privatizing those factories. But no, they chose to turn to capitalism instead. Now they have an elite and rich group who have already crashed part of the banking system due to real estate speculation (some depositors still have not been reimbursed after the bank failures) and there is youth unemployment and hunger and lots of dislocation for factory workers and above all repression. They chose to regiment workers instead of freeing them to become socialist cooperative workers owning their places of work like the Professor teaches so eloquently. This isn't progress. It's capitulation. I don't want to be a working person in any of the BRICS or brics-associated countries. Honduras or Fascist Hungary is a bastion of freedom? I can't stand what Capitalism has done to my life or any working person's life but I can still ORGANIZE. I don't think I am going to prison after all that I've said against Capitalism (unless Trump wins in 2024. Then all bets are off!) We can still strike and fight even if the rich do whatever they can to break a strike. We can still write about all the unfairness. There have been times when even here democracy failed workers. But we fought back. We can still fight. That's why I keep saying socialism wedded to democracy is the only system likely to really give working folks a chance to better themselves in the current world as it is sorting itself out. I won't support Xi or Putin or any Ayatolla or Saudi King. I am no lover of India's Mohdi either. I want the real deal. I want Socialism and Democracy. I want workers to own the means of production. I'm not falling for this crap that China's capitalist success is anything but taking advantage of workers for the benefit of a privileged few. It's better than famine but it's still wrong. By its nature Capitalism still uses workers to enrich the privileged few. I am against it even if the few are rich and the rest aren't starving and ragged. The Chinese people are lied to by their government about a lot of things and they cannot do anything about it. They are threatened not to have a bunch of kids and now they are being told to have more but they aren't thrilled about unaffordable big families. Aw heck! I could go on and on but this is useless. Either you believe in people power, socialism and democracy or you will run off a cliff led by Professor Wolff who pretends to be a Marxist but supports authoritarian governments. I love his Marxism not his Capitalism.

  • @lordhegamonster6931

    @lordhegamonster6931

    Жыл бұрын

    Not one authoritarian Communist will respond. They lack critical thinking skills 🇺🇸

  • @ihavenojawandimustscream4681

    @ihavenojawandimustscream4681

    Жыл бұрын

    ​@@lordhegamonster6931 do you even read the comment

  • @anettemandthvambsal5239
    @anettemandthvambsal5239 Жыл бұрын

    Thank you, this was much needed information and questions👏👏

  • @rajendramisir3530
    @rajendramisir3530 Жыл бұрын

    Very interesting, insightful and informative analysis and discussion of a New World Economic Order. Thank you for sharing, Professor Richard Wolf.

  • @ZC965Tt

    @ZC965Tt

    11 ай бұрын

    Are you very interested in this matter?

  • @sherwoodweisheit8604
    @sherwoodweisheit8604 Жыл бұрын

    The big question for the US is, will we turn fascist in order to enforce the austerity and kleptocracy of the ruling oligarchs?!

  • @johnnopeyy4129

    @johnnopeyy4129

    Жыл бұрын

    Will you? Dude where you been since at least 2020?

  • @The1Elcil

    @The1Elcil

    Жыл бұрын

    I hate to break it to you but the USA and the west has ALWAYS been fascist. Sorry to rip the band-aid like.

  • @MahdiBanners
    @MahdiBanners Жыл бұрын

    The US never persued peace between parties in the middle east but she rather sought capitulation, surrender, and submissions from one party in favour of another. And because the US was an involved element in these conflicts, in fact it was and still is a major driving factor for these conflicts . That's why other parties didn't trust the US because they saw it as a foe who is sitting on the other side of conflict and can never be a trusted impartial mediator. You can not be the plaintiff and at the same time be the judge. China on the other hand is totally different, that's why China succeeded in striking a peace deal between Iran and Saudi Arabia.

  • @safer_Ali
    @safer_Ali10 ай бұрын

    Thanks alot for your time ❤

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