This man just can't stop uploading

Higher taxes and climate change. Another WEF stooge, but what would you expect from a UK economist, country is going belly up.

@defunctuserchannel

20 күн бұрын

Exactly. I'm glad to find your comment, a person who is not a mindless sycophant.

@prolific1518

20 күн бұрын

Aka you're ignorant.

@jcgoogle1808

20 күн бұрын

Exactly. Finally and intelligent comment. Regardless of anything else he says that might make sense,... Anybody,... especially an economist,.. who thinks governments who spend trillions on "climate change" is a worthy endeavor have no credibility. 1. They have no science background to know how it works,.. ignoring the facts that a. the climate has been changing for 4 billion years b. man evolved as a result of climate change in eastern Africa, c. CO2, which is supposed to warm,.. NOT "change",.. is no more the sole control of the "climate" than the number of cows is, d. the climate sensitivity,.. that is the change in temps as a function of a doubling of CO2 concentration,.. credible climate scientist say is 1 to 2 deg on a doubling from 300 ppm to 600 ppm,... which would take 100's of years to achieve,.. I mean after 100 years CO2 concentration has only increased 0.01%. Let's forget, water vapor is the most abundant and powerful green house gas in the atmosphere,.... Temps vary 30 deg F or 15 deg C every day 265 days per year.. Do we call that "climate change". there is nothing a 0.01% change in CO2 could do that the 5% to 100% water vapor in the atmosphere wouldn't have already done. If it takes another 100's for the next degree as a result of CO2,.. we can adapt as did the apes who evolved into humans as a result of slightly warmer temps. We have adapted. Most of the population lived in northern climates before the invention of air conditioning. The world would much rather have warmer temps than a snowball where everyonedies of starvation. And that was the goal of Svante Arrhenius when he studied and developed a relationship between CO2 concentration and temperature changes which is basically delta T is proportional to alpha x ln (C/C0), he wanted to encourage the world to emit more CO2 to try to warm the planet. e. that whatever the government would theoretically be spending on would net any real change in temps,.. rather than what they're really spending on,.. which is far left ideology,... things like "social injustice" and allowing men to go into little girl's bathrooms,.. ,.. and demcorat vote buying. The is nothing the government can spend money on to stop the periodic El Nino or La Nuna that results in periodic dry and wet springs. 2. There is no economic or sovereign or humanitarian justification for it. Just see Germany and Europe, who dove head first into the deep end of the "climate change" pool only to relinquish their national security to countries like russia, china and India,.... who couldn't care less about their CO2 emissions,.. in particular reducing them,.... they build the equivalent of several coal fired power generating plants per week,..... while the rest of the world ignorantly All in spite of John Kerryflying around all over the world in his private CO2spewing jet asking russia as they're committing all kinds of human atrocities andwarcrime in Ukraine,.. to please do so with an appropriate regard for "climate change". HUH??????????????? So spare me the insane uneducated regurgitations of the clueless "climate change" alarmistcult,.. lead by people like Kerry and uneducated childbrat Greta Thornintheass,.. who now has wandered of the plantation and now flies around in fossil fuel powered jets to supportHamas andHezbollaterrorists. These people are absolutely batpoopinsane.

@jcgoogle1808

20 күн бұрын

@@prolific1518 Please tell us how he's "ignorant",..Greta.

@prolific1518

20 күн бұрын

@@jcgoogle1808 ask Florida residents about climate change. It's going to be extra special with a harsher than normal hurricane season and those geniuses are deciding not to buy home insurance. It's going to be beautiful

When England started listening to professional Economists, they went straight down hill.

The staggering conventionality of this thinking explains a lot about how the British economy (and British society in general) ended up where it is today.

the best thing we can do is boycott taxes

@bpb5541

20 күн бұрын

Listen that sounds great and all but then we have no social systems. No police, no firefighters, no military, none of that. What we really need to do is balance the checkbook and stop spending more money than we make. Is that going to happen? Of course not... not without us going into a depression... which is exactly what I think happens next.... within the next 1 to 3 years.

So ridiculous to say he thinks the fed is doing a good job... It's amazing that create a problem and then we give them credit for solving the problem they created

@jackinsonpablanes760

20 күн бұрын

of course 😂 he's a banker what did you expect, he'll support his fellow partner

@vincentmurphy9252

20 күн бұрын

Banker you mean license to cheat and steal

@kevinconroy6606

20 күн бұрын

They are doing a good job, what you’re not understanding is the direction they’ve been given and the goals by which their performance is judged. None of which is based on your ideals or input.

@bpb5541

20 күн бұрын

I am not a fan of the FED. Since they have been instituted in 1913 the US dollar has lost 94% of its purchasing power. Just know that FED Powell is trying to do his best to bring down infaltion but Congress and Yellen have been doing stealth QE the whole time. Congress is the real problem. The last 6 Presidents don't get a pass either. All of them have a hand in this mess. Powell is swimming upstream. He is going to lose and that means we are going to get either hyperlfation or worse what Ithink stagflation. Should be wonderful.

@artemishumaan6984

20 күн бұрын

The Fed can never do a good job because it is run by compromised humans that have yet to learn how to control their greed for money and addiction to the power it gives them over other people. These 2 primitive instincts are the root cause of ALL our problems. We have not learned how to control this for a millennia and are not better than the tyrants of Rome like Nero and Caligula.

Volatility says that there is low confidence in the current markets ability to avoid a major correction.

@baffinsansterre

20 күн бұрын

VIX is 12.42.

@prolific1518

20 күн бұрын

​@@baffinsansterre vix means nothing noob

So good to hear from this man! Thanks David!

@ErikWalle

18 күн бұрын

Mr. Goodhart is so conservative and retiring in his council, makes a change from young upstarts with their bold assertions.

I would be happy to get paid less if everything was more affordable. The problem isn't how much I get paid, it's how much I can buy for the pay... if i can buy more with less, getting paid less is fine. Inflation/deflation is irrelevant, it's all about how much things cost compared to how much people get paid.

@HipHopCantSaveMe

20 күн бұрын

Deflation is horrific. You're not factoring in most people won't have a job in a deflationary cycle (recession/depression). Everything will be on sale but nobody but the ultra rich will be buying. They need to cut rates ASAP and go back to the hyperinflationary environment.

@AKATenn

20 күн бұрын

@@HipHopCantSaveMe they need to raise rates, let people lose their jobs so they get fed up enough to do something to stop the rich from taking everything. they have two choices 1. kick the can down the road by lowering rates, and the problem will just get worse, and eventually the system collapses anyway, just it will be way worse. 2. raise the rates, let the system collapse, and force change.

@prolific1518

20 күн бұрын

​@@HipHopCantSaveMe stop commenting spreading your ignorance please.

I still can't understand/believe why inflation @ 2% is considered ideal for healthy economy. But for debt to be inflated away in value will help government to keep on borrowing but the equlibrium point of 2% interest rate is not feasible when debt is rising exponentialy .

@EikTuKaTu

20 күн бұрын

There is no reason, you can find interviews with JP where he admits its just a made up number, just like 6 feet apart and reasons for lockdowns. Most of the "science" is BS these days. Stable prices would be 0% inflation, not constantly inflating asset prices.

@dotsthots

20 күн бұрын

Their ridiculous rationale is that without rising prices people wouldn't buy anything!! The fact that people are willing to borrow at 20% on credit cards to consume now shows just how stupid that is. The truth is, they have to inflate to reduce the real value of the debt they have issued that transfers wealth from the productive to the parasitic so they have to come up with technical reasons to support the theft.

@thailandsnippets901

20 күн бұрын

A healthy economy would be zero % inflation. But the politicians love the 2% inflation BS because it is a hidden tax which they take for themselves with many people not realising what they are doing.

He said something that I can relate to .as a retired person. I can say that private pension and taking the tax relief , the government, and pension funds is a rip-off. If you invest in the right company, you don't pay tax on your investments. And you are not limited to how much you can take in a lump sum. An expert may be able to correct me.

It's undeniable that this year is shaping up to be more challenging. Reflecting on the past year, my investment choices proved to be costly, driven by my excessive worry about my portfolio. I struggled to weigh the decision between investing further or pursuing homeownership. Ultimately, I opted to sell my investments, only to find that the house I purchased required more renovations than expected. It's becoming increasingly uncertain how much longer I can navigate these circumstances

No more FOMO; I'm fully committed to Revux!

Is this the man who sold UKs gold?

@graemejones9707

20 күн бұрын

No, that was Gordon Brown the Labour Chancellor at the time. His genius was to announce that he was selling half the nation's gold reserves in an auction, which pre-crashed the gold market for him to dump into it. It's known as the "Brown bottom" owing to the bottom in gold price that he caused and sold into.

@maddawg4866

20 күн бұрын

It's possible,, he's,,,,..

@Myndir

13 күн бұрын

@@graemejones9707 Politicians: "Sell low and buy high is a good investment strategy, isn't it?"

Best finance channel. Love David brings on the old guys who FUD Bitcoin. It’s actually very informative to hear opposing views.

So, only criminals want privacy? Sounds quite dumb

@Sola_Scriptura_1.618

20 күн бұрын

Not if you belong to the WEF and elliet.😅😅😅

@dtb7872

20 күн бұрын

yeah this guy thinks Bitcoin is anonymous too lol..

@erbterb

20 күн бұрын

Hence government secrecy. Cannot show the plebs your crimes and corruption. It takes one to know one, you now know, though somehau. It went so well and ended so badly.

Great stuff

The only monetary theorist that has been on the MPC

I really liked the way he pushed back on David's imperfect hypothetical example of Goodhart's law.

David you should be asking how the fed can avoid stagflation avoId bank collapse avoid depression avoid hyper inflation even if debt continues to increase and congress continues to be disfunctional.

@HH-kc1ym

16 күн бұрын

yeah, that is what I thought this video would discuss.

An eminently commonsensical guest, who speaks in clear English. Thanks.

Thanks David for the diverse and rational thinkers you've had on. It seems many of your listeners want the old days of the Lynette Zang and Robert Kiyosaki's of the world. I appreciate the game in front of me and that game isn't one of apocalypse right now.

Presales for the biggest returns are my preference. That's why Revux is my love. Early entry is the key.

The wages wouldn't have to go down if the company produced more Goods. If the units sold goes up the companies making a profit therefore employees can keep their wages this is how a free market system works and when competition comes in and then the prices would have to lower but then you can always make a better product and again mass-produce

Each new partnership announcement amplifies excitement for Revux!

Not Russia,s war its Joey's war

@bpb5541

20 күн бұрын

That comment is a little narrow. I would say it is caused by the rich folks that own our politicians. Specifically for what you are talking about... the folks that have finaical interest in the American War Machine... War is good money. Out industrial defense complex is owned by those rich people the politicians do what they are told. It's not just Joey... it would be anyone who is in there. Our President is a puppet. To think any president really has control over anything proves folks don't really understand how all this works. Rich people have all the power. The rest just get in line. Whatever line it is they want us to get into.

I find it strange he says no one can predict the effect of AI, it’s pretty clear to see that it will have a massive impact on productivity. It’s debatable in detail but pretty obvious over all isn’t it?

30:50 Love this guest: dry. He's evaluation of the fed is excellent: they've been surprised by interest rates not affecting the labor market and this in the face of much higher immigration...I would like them to have been more concerned about supply considerations but the world is always changing... 32:50 we come to the hot topic of the all critical base rate for inflation: guest plays it cool...you need to make the central banks accountable and if they are to be accountable you have have a measurement...

With all due respect, this guy lives in the clueless bubble of the Collective West

@antpoo

20 күн бұрын

Stop saying Collective. west. Such a stupid expression

@-33312

20 күн бұрын

@@antpoo why do you say that?

@antpoo

20 күн бұрын

@@-33312 because it’s silly vacuous expression that means nothing. It’s a buzzword you tubers use to make their audience think it actually means something ‘geopolitically’. Ie, makes them think they are smart. All the dare I say it ‘Putin Apologists’ (another stupid buzz expression, use the term ‘collective West’. Arghh. It’s cringe.

@thegodofwar3744

20 күн бұрын

​@@antpoo the collective West is an accurate term describing the take over of governments in the West and their policy makers by corporations and their technocrats. A marriage of governments and corporate oligarchs as they use their military financial complex to control a fledgling collapse of the old system. Wall Street, Washington, city of London and the Vatican are real seats of power. You are in denial, a bubble of cognitive dissonance, but then again, you believe Putin is the boogie man. Good luck with that.

Anticipating Revux disruption in the loyalty program industry during its presale phase!

What rock did you find him under

On his statement that inflation is hard to measure and undesirable for labor at zero % instead of 2%, what a load of nonsense. Before 1971, there was no noticeable inflation, because there was no systemic currency devaluation. After 1971, currency devaluation has expanded prices ten-fold. This is just self-evident, if you look at any wage or price pattern over decades before and after. And it has nothing to do with improved products by technology. We used to not have electricity, or television, for examples, but inflation was not much relevant before or after those technologies. Because money was consistently gold and silver both before and after those technologies. The difference between then and now, after 1964 and 1971, is simply that what passes for money today is becoming increasingly noticeable as not money at all. The more people notice that fact, the more people value their goods and services more highly than that non-money which still fraudulently poses as the dollar.

@bpb5541

20 күн бұрын

Yes. The real question is what caused the devaluation of the US Dollar? That is easy... the FED instituted in 1913, going off the gold reserve, and the printing of money. It is a problem that started many many years ago and has just gained stream with more and more bad decisions. Americans are so stupid they just blame it on the current administration. Which of course is nonsense, and proves exactly why America is doomed.

@thailandsnippets901

20 күн бұрын

When I was young we lived a good life with just 1 member of the household working. Now you need both parents working to live the same life, if you are very lucky. This has been due to the devaluation of currencies by the Central Banks. This was a deliberate policy by the Bankers to make the rich richer and the poor more poor.

Hell yes David keep probing BTC with the older folks! Reveals an interesting dichotomy. If you see value in BTC, then the legacy system is broken. If you don't see value in BTC, then the legacy system is the only way. And then there's those crazy gold bugs :)

Why do we need inflation at all? The is the question that is never answered by MMT-leaning economists. Answer: they don't want to admit that a money based on debt and credit ultimately fails. Appreciate Charles' discussion here, and based upon his statements, he offers zero solutions because he just wants to continue the status-quo, which will come at unthinkable negative long term costs to humanity.

Increasing your productivity simply means that you're giving more of your work product to your employer.

You lost me at "former BoE economist." 😆

Taxation is going to have to increase. Very smart person....

@Sola_Scriptura_1.618

20 күн бұрын

The rate of taxation has to increase because the government needs to make up for the drop in revenue as the economy shrinks. Imagine going to your employer and demanding higher wages for the same productivity. Guess what? You will have less work, make less money, and need another job. Gold is not an investment, it is wealth; everything else is Fugazzi!

@Sola_Scriptura_1.618

20 күн бұрын

This guy is a clown 20:30. I am no criminal, I am no hodler, but I want anonymity. This guy believes you are guilty till proven innocent. This guy is a WEF elitists!

@jcgoogle1808

20 күн бұрын

No,... government spending needs to decrease. Regardless of anything else he says that might make sense,... Anybody,... especially an economist,.. who thinks governments who spend trillions on "climate change" is a worthy endeavor have no credibility. 1. They have no science background to know how it works,.. ignoring the facts that a. the climate has been changing for 4 billion years b. man evolved as a result of climate change in eastern Africa, c. CO2, which is supposed to warm,.. NOT "change",.. is no more the sole control of the "climate" than the number of cows is, d. the climate sensitivity,.. that is the change in temps as a function of a doubling of CO2 concentration,.. credible climate scientist say is 1 to 2 deg on a doubling from 300 ppm to 600 ppm,... which would take 100's of years to achieve,.. I mean after 100 years CO2 concentration has only increased 0.01%. Let's forget, water vapor is the most abundant and powerful green house gas in the atmosphere,.... Temps vary 30 deg F or 15 deg C every day 265 days per year.. Do we call that "climate change". there is nothing a 0.01% change in CO2 could do that the 5% to 100% water vapor in the atmosphere wouldn't have already done. If it takes another 100's for the next degree as a result of CO2,.. we can adapt as did the apes who evolved into humans as a result of slightly warmer temps. We have adapted. Most of the population lived in northern climates before the invention of air conditioning. The world would much rather have warmer temps than a snowball where everyonedies of starvation. And that was the goal of Svante Arrhenius when he studied and developed a relationship between CO2 concentration and temperature changes which is basically delta T is proportional to alpha x ln (C/C0), he wanted to encourage the world to emit more CO2 to try to warm the planet. e. that whatever the government would theoretically be spending on would net any real change in temps,.. rather than what they're really spending on,.. which is far left ideology,... things like "social injustice" and allowing men to go into little girl's bathrooms,.. ,.. and demcorat vote buying. The is nothing the government can spend money on to stop the periodic El Nino or La Nuna that results in periodic dry and wet springs. 2. There is no economic or sovereign or humanitarian justification for it. Just see Germany and Europe, who dove head first into the deep end of the "climate change" pool only to relinquish their national security to countries like russia, china and India,.... who couldn't care less about their CO2 emissions,.. in particular reducing them,.... they build the equivalent of several coal fired power generating plants per week,..... while the rest of the world ignorantly All in spite of John Kerryflying around all over the world in his private CO2spewing jet asking russia as they're committing all kinds of human atrocities andwarcrime in Ukraine,.. to please do so with an appropriate regard for "climate change". HUH??????????????? So spare me the insane uneducated regurgitations of the clueless "climate change" alarmistcult,.. lead by people like Kerry and uneducated childbrat Greta Thornintheass,.. who now has wandered of the plantation and now flies around in fossil fuel powered jets to supportHamas andHezbollaterrorists. These people are absolutely batpoopinsane.

Heard about the Goodhart's law a few years ago. Surprisingly few companies are aware of this. Finally get to hear the man himself. How in the world did you get so many of these great speakers to appear on your show, David?

This next decade might be slow. Go look at an AI robot in a factory like Stretch from boston dynamics and tell me productivity won't speed up. Hyperabudance could easily be 10-20 years away. Y'all ain't ready

You have great guests, bravo!!!

Very concerning. Reality is sobering.

How can he say he doesn't know whether inflation or deflation is more likely? Nothing is certain but given the choice between the two there is a 99% probability governments and central banks will choose inflation. You don't need a phd to figure this out. The only deflation was 1929 and even that was because of the gold standard and not because politicians had a choice.

Yes lots of unfortunate steps taken by the west

Shifting all my Alts to BTC and Revux, maybe a bit of BNB and SOL.

Doesn’t AI completely change everything he said about production. Not to mention he is English man he lives in a bubble

And yet the market keeps rising.

@bpb5541

20 күн бұрын

The market is not the economy... but eventually Macro will win. The reason the market is still goin up is assets go up in an inflationary event. This is good if you are rich and own assets like stocks, real estate, gold, BTC etc. If you don't you get left behind. You know there is still way too much money in the system when we get a bad PPI and a better but not great CPI number and the market rips higher on both, when they should have gone down. This is too much money, chasing too few goods. Ie.inflation.

@antpoo

20 күн бұрын

@@bpb5541 So some will get left behind, The govt will throw them a small bone to keep them from falling through the cracks, and the monetary base will keep rising, lifting all boats and making that debt easier to repay. Rampant immigration will soak up the excess currency units and the only cost to all of this will be a lower standard of living due to higher population and its resultant effects on communities

No Offense, I really meant that but I’m noticing a trend. Whenever the financial pundit is over 60 yrs old; they are incredibly bearish. It’s always doom and gloom in their POV. Life goes on; markets go on. They go up, they go down. On rare occasions they stay down for a protracted period and in others they rocket 🚀 up. But most the time; they go up. 😊

Me thinketh it's always., overcast in........Jolly 'ol!@?😉🤪

Bullish on Revux - success ingredients are all there!

David, Ferrari maximizing its profitability? Have you SEEN the price of the new Purosangue? And on top of that, you gotta give the bloody salesman 25 grand cash under the table. But anyway, I’m just messing with you.

What Bolker did mould never work today in our international economy

Feeling the real FOMO with Revux - join before the takeoff!

Started losing credibility at inflation. Completely lost all credibility with climate change. It was changing in every century for the last 5,000 years. So, if it stopped changing that would be significant. Weather is not static.

Bullish as Revux partners with more merchants, alleviating FOMO.

Potential moonshot: Forget the rest; focus on Revux!

Where did he find that fossil who calls himself an "economist"?

This was very thought-provoking. Have him on more often!

@georgeholloway3981

20 күн бұрын

He is utterly wrong about Bitcoin being anonymous, however. I find it odd when people make that claim.

Don’t blame it on Putin, old guy.

No sign of productivity, Robotics Biotechnology Nanotechnology Ai

😂 pass on that question... Why are all politicians acting like entitled 2-year-olds all at once .. seems rather coordinated

“Avoid World War and deal with climate change.” 😂 he forgot we are human and global warming is an elite scam…not to be dealt with.

You lost me when he said he avoids BTC. Old money doesn't want to share the wealth. People are tired of paying for banks gambling debts.

@defunctuserchannel

20 күн бұрын

This guy needs to be put out to pasture.

Guy doesn't know how bitcoin works.

Woke elitist. I feel sorry for Europe, this is what is guiding the youth.

Hi David. i have a real life example you can use instead of your Ferrari example. if a youtube podcaster chose to concentrate on revenues from adds entirely might they piss off the listeners so much that his overall revenue goes down due to loss of listeners

Third as I count!

1st

this guy is EVIL

😂😂😂😂😂😂😂 fa solo ridere questo poveretto!

Sorry David but this guy is the typical banker. Gold has no return he says (just about 15% return ) this year so far, Central Banks have done a good job ( they said inflation was transitory...remember) etc etc. You would be better to get a more believable person on as people are not so gullible these days!!

Typical keynsian. He probably writes for the ft

Gotta have that oil. The root of most evil.

@CliftonHicksbanjo

20 күн бұрын

You mean the root of most everything.

@bpb5541

20 күн бұрын

Almost... energy is everything. Everything is tied to it. Think about it. Even food is tied to energy. It is used to farm, transport etc. The problem is we let the very rich folks give money to politiicans for office. Which means they own them. Which means the laws are written for the rich. Greed by our politicians are what caused the issues we are seeing. The rich just took advantage of them at everyone else's expense. Energy in itself is not evil. WE need it... more the better... the cheaper the better... the more green the better.... what we need less of is greedy people that don't care if they take advantage of others.

Woke=clueless

For the very first time ever I'm giving this a thumbs down because this guy opened up his interview with a lie.

Gareth Soloway

As soon as you tell me my taxes have to go up to support your nonsense, I’m out lol. Just another criminal banker

Total waste of air time. I stopped listening. This goofball assumes climate change is an issue that must be addressed by spending money. The better option is more education and less pandering to the uneducated

Sorry, but after his intro and bio, not at all interested in this guy.

"Bitcoin's far too volatile" 🤡 yeah bro, the huge gains are a bit scary 😂

@bpb5541

20 күн бұрын

BTC is going to go to over a million a coin but it goes to 10k first. When it gets to 10k. I am going to back the truck up ... 4 of those coins will go to my kids in a trust that will not let them touch it for at least 15 years. ... maybe 20. I haven't decided yet.

Stop asking elderly people about technology like Bitcoin. They aren't knowledgeable enough about new innovation to speak intelligently on it. What he said about Bitcoin is so incorrect its painful to listen to.

1st

1st