Stark Warning: Economic Meltdown Could Rival the Great Depression | Speak Up with Anthony Scaramucci
Ойын-сауық
In this episode of Speak Up with Anthony Scaramucci, reformed hedge-fund manager James Lavish, joins Anthony to discuss the latest on crypto, investing and the economy. Lavish delivers a stark warning about an economic crisis that could surpass the Great Depression in severity.
James and Anthony dive into the implications of recent federal rate cuts, the looming threats of inflation, the state of the global economy and will touch on their market predictions within the crypto market. Learn exclusive wealth protection strategies and hear Lavish’s predictions that could safeguard your financial future.
TIMESTAMPS:
00:00 - Introduction
01:30 - The State of Global Economy
05:45 - Federal Reserve and Rate Cuts
12:15 - Inflation and Its Impact
19:00 - Crypto Market Predictions
25:40 - Wealth Protection Strategies
33:20 - Audience Q&A
40:00 - Key Takeaways and Closing Thoughts
#bitcoin #crypto #investing #inflation #thefed #interestrates #gold #rate #wealth
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There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?
Let us help you prepare your portfolio just in case the future brings one or more of the following: inflation, deflation, a bull market, a bear market, a market correction, a stock market crash, a real estate bubble, a real estate crash, an economic boom, a recession, a depression, or another global financial crisis.
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IMPORTANT NOTE: The information, opinions, and insights expressed by our guests do not necessarily reflect the views of Wealthion. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.
While we value and appreciate the insights shared by our esteemed guests, they are to be viewed as personal opinions and not as official investment advice or recommendations from Wealthion. These opinions should not replace your own due diligence or the advice of a professional financial advisor.
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The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust.
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"virtual gold" as opposed to "real gold"... at least tulips were "real"
@Kunamatada
24 күн бұрын
Correct. Yet there is nothing real behind fiat currencies. Do you like the USD?
@Drizzly_Bear
22 күн бұрын
@@Kunamatada Fiat bad. Therefore bitcoin is solution. That’s YOUR argument, and the argument that this shill put forth. Bravo.
"real estate" is a "depreciating asset"... that is why mansions sell for $1 because it costs $millions just to maintain
Thank you for getting James on. Been following him for couple of years. Absolute TOP GUY. Always simplifies complex finance issues in a way plebs like me can understand. Highly recommend following him where you can find him. Mondays with Scott Melker is a great start. That Macro Mondays show is a MUST MUST watch
@Wealthion
23 күн бұрын
We will invite him back again. Thanks for watching.
@Drizzly_Bear
22 күн бұрын
Shill. Both of you.
What about the transaction cost since the halving? How can this be money when I have to pay more than 5% for a transaction?
People are selling hard 🧙🏼♂️
Buy physical silver 🥈 and gold 🥇 folks 😃
@Drizzly_Bear
22 күн бұрын
But he told us the reasons that fiat is bad. That’s why bitcoin is the solution- because fiat is bad. Gosh. I just don’t understand why you can’t see the logic that all these shills have painstakingly laid out for you. Again: Fiat=bad so bitcoin=solution. If that doesn’t convince you then I guess you just don’t understand “the elegance”, the white paper, hash rate, satoshi, block chain, halving, defi, borderless, NFT and stuff. Really, guys. I’m sure this isn’t the first time you’ve heard this sound argument on “the soundest money ever created”. Sure, those keywords might be in a different order, but they’re the same Emperor’s New. Clothes keywords that we’ve been trying to gaslight you with for years. Yeah, we don’t know what they mean either, but if you don’t pretend to understand all this nonsense then you’re just a boomer who’s too stuck to understand the technology of this utopic digital beanie baby panacea. So have fun being poor.
Not could it will and far beyond the great depression, people will starve and die.
Do better, Wealthion.
How do hedge funds make money ? By creating instability. So listen to get set up.
Bitcoin will collapse should the whales decide to pull out in unison
Wealthion is done. As soon as Adam was gone, the value and the integrity was gone.
@filipweber9698
21 күн бұрын
Agreed. They'd manage to turn every, even most interesting topic into a shittalk about Bitcoin.
You're assuming they haven't been working on the BRICS currency for years already. They're just waiting for the right timing.
Bitcoin as digital gold? No, Bitcoin can be replaced by other cryptocurrencies, gold cannot be replaced by silver or copper.
Fantastic show 🎉🎉🎉🎉🎉🎉
One of the problems with moving money into Bitcoin or buying Bitcoin and selling Bitcoin is the cost of doing it. The cost is still very hefty to get Bitcoin and to sell Bitcoin. On top of that you're pounded with severe taxes by the US government for even owning Bitcoin.
Anthony, you are bitcoin star!!!
Great work Mucc! Great guest too.
BOTTOM LINE: ITS OVER
They should name this channel “Doomsion”
Don't assume it's safe to put your money in gold or Bitcoin. What was done before can be done again by the United States. What was done before was it was made illegal to hold and even to buy gold, and all gold that people had was confiscated by the US government. This can again apply to gold or digital gold.
I do not support creating a SECOND ISRAEL in Europe called UKRAINE. I disagree with the support and funding of this. We shouldn't be putting our people's lives at stake for this and we shouldn't be using our money for this. Let them fight their own battle. And we shouldn't be enforcing the creation of a second Israel in Europe. I know there are many people are totally clueless and or blind to that this is even occurring.
You didn't answer his question. Bitcoin can still be a ponzi. Need to do better. Your listeners are smarter than that. We're used to being lied to about money. My opinion is you failed with your answer.
@Kunamatada
24 күн бұрын
Why are fiat currencies not a Ponzi? Nothing behind them. What gives them value?
@Wealthion
24 күн бұрын
Thank you for your feedback
@Drizzly_Bear
22 күн бұрын
This is the comment I was looking for. His “argument” was that because our current system is bad, bitcoin is the solution. Ridiculous. “But my son at Cornell, therefore I smart.” Wrong.
It’s funny how all these guys continue to say how screwed we are and the markets gonna crash after seeing the fed come through and save the day all since the beginning of time 🤔
Total marketing video.
@MrSean03839
24 күн бұрын
Always. Anytime you have gloom and doom videos always look for the sales pitch about halfway through, ie-what are they trying to sell you. Works for all things political too, which always equates to a politician selling themselves.
Nuclear energy will eventually come from a box that fits under your bed
People don't know what Fiat means.. everyone's always talking about fiat currency but nobody gives a good definition of what that actually is.
@Wealthion
23 күн бұрын
Fiat money is a type of currency that is not backed by a precious metal, such as gold or silver. It is typically designated by the issuing government to be legal tender, and is authorized by government regulation. Since the end of the Bretton Woods system in 1971, the major currencies in the world are fiat money.