I used to think everybody went broke during the Great Depression and other major crashes but they didn’t… Some made millions, I also thought everybody went out of business during these times but they didn’t, some went into business, there's always depression/recession for some people and there's always a good time for others, it's all about perspective.

@Oly_laura

11 ай бұрын

most of these strategies and loopholes are better managed by experts and pros in the market, the average Investor on the other hand are left to suffer during a crash.

@lipglosskitten2610

11 ай бұрын

The issue is people always have the “I’ll have to do it myself mentality” Unapologetically, that’s why the get heavily affected during a crash and coupled with the fact we’ve had the longest bullrun ever in the American history, most folks aren’t equipped to manaqe this crash and it’s impending opportunltles well enough, so it only makes sense to seek proper guidance during these times, that’s what lnvestment-advlsers are for, been using one ever since the pandemc 2020 and I’ve been barely affected by crash, I have $850k in profit sitting in my portfolio and I’m unbothered about the market outcomes.

@hermanramos7092

11 ай бұрын

@@lipglosskitten2610 Well if isn’t that the hard truth…this investment-adviser that guides you must really on to something…who is he?

@lipglosskitten2610

11 ай бұрын

@@hermanramos7092 It’s a She actually ,Catherine Morrison Evans, I initially came across her on a CNBC news report then on smartadvisors and I decided to hit her up. Best decision I made to stay afloat 2020.

@hermanramos7092

11 ай бұрын

@@lipglosskitten2610 Thanks for the contributions, I just skimmed through Catherine Morrison Evans webpage, interesting stuff, wrote her an email.

It's hard to predict the future until we see this month’s inflation results. However, historical data consistently show that stocks tend to outperform bonds in the long term. Therefore, I'm staying in the market and focusing on selecting high-quality stocks. The challenge lies in identifying these stocks.

@Rodxmirixm

7 ай бұрын

Staying in touch with a financial advisor was my effective strategy. During the pandemic, I outperformed the market, earning about $200k in four months. Its been a remarkable few years for me with my advisor .

@BateserJoanne

7 ай бұрын

I wholeheartedly agree, which is why I choose to delegate my daily investment decisions to a coach. Their specialised knowledge, research, and risk management skills make it challenging for them to underperform. They focus on utilising risk for its asymmetrical potential while mitigating downsides. I've been with my investment coach for over two years and have earned over a quarter-million dollars.

@VickyAlvy

7 ай бұрын

My portfolio has been underperforming recently, and I'm considering a strategy change with the help of a coach. Is it possible to get in touch with your coach?

@BateserJoanne

7 ай бұрын

There are many financial coaches who excel in their profession, but for the time being, I employ Stacey Lee Decker because I adore her methods. You can make research and find out more

@Jason9o669

7 ай бұрын

She seems quite knowledgeable and well-educated. I just Googled her name and found her webpage. Thanks for sharing!

I humbly admit I did not know the backstory of the canary in the coal mine idiom, so there was value add in the first 30 seconds of this video 😊 John is amazing-he just threw down a Masterclass on how to be sincere and likable while also relishing schadenfreude

Those who say he’s been saying to for years… the Great Depression took a while to materialize. The government has been kicking the can down for years. Many of us, even myself, are not truly ready for this.

@Thegreendingler

Жыл бұрын

Yeah i dont think people are paying enough attention to policies that have allowed this bullish environment to continue for so long... many years of kicking the can down the road. They just look at the markets and think everything is good. Nobody around me seems to understand how badly bubbled all assets are right now

@garyschneider6644

Жыл бұрын

Great Depression …. Haha, heehee, hoho …. That can’t happen anymore. The Fed will backstop everything … the government will come the rescue. We have such brilliant people making policy and managing our institutions. The only thing we have to fear is fear itself. What we need is more people to buy EV’s. Right?

@sewnsew6770

Жыл бұрын

Was reading about the 1929 crash people were predicting it too early and everyone was laughing at them. Then after it happened they blamed those people for causing fear and causing the crash. Basically it’s all about credit availability. If people cannot borrow more then it crashes. People were borrowing money and buying multiple houses all on credit

@shirleyy2711

Жыл бұрын

@@sewnsew6770 Not sure if it'll crash because feds usually comes to the rescue. As soon as there's any type of collapse that affects the rich, the money printer will be back on. Wish these videos would address that scenario and what would happen to real estate, economy, etc.

@Phila80

Жыл бұрын

People are paying attention but the reality is we live in a different financial.and economic system. It is a debt based system that us cyclical every 10 to15 years. Rhis will continue foe centuries because the US economy is still the world's number # 1 economy. This is what protects the US $. Foreign investors always flock go tge US$ and eqyities when there is a global economic downturn. Rubino and all these other KZread doom and gloom analysts have been getting it wrong for 30 years. They will be wrong again. They are thinking 19th century economics instead of 21st century economics. We may not like and hate it but this is what we are dealt with so learn to build your wealth and retirements so you have something. You have to plsy the game.

In spite of how everyone is frightened and calling the crash, there is already an excessive amount of demand waiting to absorb it, which is another reason it's less likely to happen that way. This forecast was not made in 2008, at least not by the general public, as I will explain below. The ownership rate peaked in 2004, according to the other comment. We reached a peak in the second quarter of 2020 and are currently at the median level. From 2008 to 2012, it fell by 3%, and in the second quarter of 2020, it dropped from 68 to 65.

@frederickchandler

Жыл бұрын

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

@frederickchandler

Жыл бұрын

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

@SunofYork

Жыл бұрын

@micah bisping So you are pumping financial advisors and we don't realize ? lol

@SunofYork

Жыл бұрын

@@frederickchandler advertising and we don't realize ?

@SunofYork

Жыл бұрын

@@frederickchandler advertising team work lol

The removal of the Glass-Steagall Act in the late 1990s, which contributed to the dramatic failure of large banks during the financial crisis of 2007-2008, was a very unwise decision. Dodd-Frank and this Act both need to be reinstated immediately in order to avert another catastrophe. If nothing is done to fix the current issue, what happened with SVB is merely the beginning of what will occur.

@mcginnnavraj4201

Жыл бұрын

Well in order to successfully partake and make the most of the present market opportunities, you'd have to be a pro with years of experience or use an expert FA mine being JEANNE LYNN WOLF. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.

@rokyericksonroks

11 ай бұрын

Clinton insisted upon expansion of mortgage lending to minority groups which brought on the ballooning subprime debt that caused the Great Financial Crisis of 2008. Nobody was making these idiotic mortgage loans before that. Why did Republicans accept Clinton’s demand? Because in return they would get repeal of Glass Steagal. See what a mess we have in Washington?

@peterwilson9327

10 ай бұрын

Bitcon spam above

Been hearing the "worst crash of our lifetime is coming" for years... but it never seems to come 🤷‍♂️

@korgond

Жыл бұрын

Wait for the next one or two months. Summertime is going to be fun 😏

@awetravelsOG

Жыл бұрын

At least now almost everything is set for a crash. 😀

@jameskelly9243

Жыл бұрын

Been waiting since 2000 remember bankrupt 2000?

@nathanfaceyahoosux

Жыл бұрын

Chicken little is running out of cheerleaders

@ramjamflimflam

Жыл бұрын

It started on ‘08! Maybe you weren’t aware.

More immediately than a collapse in the stock or real estate markets, inflation directly impacts people's standard of life. It is hardly surprising that the present market attitude is so negative. If we are to live in this economy, we are in dire need of assistance. ETF and stock markets are still unpredictably volatile, just like the housing market. My $370,000 portfolio has been reduced to rubble.

@alexyoung3126

10 ай бұрын

A lot of people are still making huge returns on investment this period. You just have to be very grounded or solicit the help of a professional.

@lawerencemiller9720

10 ай бұрын

Especially because their expertise is centred on short- and long-term holdings for profit realisation and because of their distinctive research, it is nearly impossible for them to underperform, I prefer to seek the advise of financial consultants when making my daily investment decisions. My consultant and I have been investing together for a little over two years and we have already produced sizeable net profits.

@lawerencemiller9720

10 ай бұрын

My Financial Consultant is Helene Claire Johnson. I found her on a Kiyosaki interview where she was featured and reached out to her afterwards. She has since provided entry and exit points on the securities I focus on. You can run a quick online search with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.

@peterwilson9327

10 ай бұрын

Bitcon spam here

I did not experience the Great Depression, raised by parents who did. We squeezed the nickel so tight the Indian was riding the Buffalo. Sometimes they went hungry so my siblings and i could eat. The salt of the earth. Have hope we have the right stuff at the worst of times.❤

@jshields648

11 ай бұрын

My parents were in the depression end and the nickel too screamed a lot. But I really learned a lot about stretching the food in ways that are useful for any time and still nutritious. I am writing a book for my granddaughter who loves to cook with recipes so easy with very few ingredients. We need to pass these along for every generation. No one knows if things can go bad. I’m also teaching her basic sewing skills ( I am a seamstress) that maybe be useful.

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

@Sopknapp

Жыл бұрын

@Hoklampd Ondamnc Exactly ! That's my major concern and what kind of profitable business or investment can someone do with the current rise in economic downturn

@EricZachary-om7hf

Жыл бұрын

@@Sopknapp I have been investing in stocks for over 10 years now and I have made a lot of money. My portfolio has grown exponentially and I can't thank stocks and MARIAM SANDRA MILNER enough for such an amazing way to make money!

@ronfesta771

Жыл бұрын

@@EricZachary-om7hf Me thinketh so many., Big Fish......stories!@!?😝😜🤪😎

@mataislo

11 ай бұрын

Yes the success depends on your goals and action you take for it ...I really appreciate my friend for telling me about Mrs Tiffany Vargas..she has helped me a lot in terms of cryptocurrency..

My house in Las Vegas dropped 77% from top to bottom in 08', so never rule out anything.

@deborahcurtis1385

Жыл бұрын

Wow! That's a colossal change. I think the dynamics are a bit different here, in that there is a shortage of affordable housing in so many areas. It's not an exaggeration to call it a housing crisis.

Sure! We just have to hold on to our hopes and wait and see what happens since market fluctuations are virtually always surprising. But, if I were to make a conclusion, it would be that "Small Cap investors sell because they are scared about the weekend. Despite the fact that the Russell is up. I'm seeing more red than green in my portfolio.

@HelenChaseKiddyEnamaine

Жыл бұрын

The Nasdaq, Apple, and Tesla equities make up the majority of my portfolio. I got in early but am unsure whether to sell or buy back at lower pricing due to the current market conditions.

@PeteresonGA

Жыл бұрын

I'd suggest holding onto it. Which should I pick if I want to buy now in this bear market since I'm new to the market?

@williamskanbar

Жыл бұрын

Regardless of the company you decide on, make sure your insurance is purchased through a trustworthy financial advisor, such as *GRACE LYNETTE JOHNSON* who has made financial planning her business. These will help you escalate the situation, navigate more effectively, and finish the assignment safely.

@BillyQ12

Жыл бұрын

@@williamskanbar You're right. Nevertheless, hold off on wishing your portfolio ill just yet. Everyone is optimistic about the market right now, so let's hope it stays that way. I'm sick of losing.

@miamiliving2769

Жыл бұрын

@@williamskanbar How can I contact your financial advisor to get guidance on a better investment plan so I don't make expensive mistakes?

The toy indicator is a great one, shows the consumer is out of gas.

John is very easy to relate to and is very believable. Please keep him the podcast rotation. One of my favorites.

John just gained credibility in my book. Admitting to his satisfactuon in seeing people get what is coming to them. So many people cannot admit that. They feel a need to be a " nice" and "good" person all the time. This guy is a realist. END THE FED. Gold is money.

@mackakiwinz4353

Жыл бұрын

Yes I thought the same honesty vis the best policy

@Phila80

Жыл бұрын

Rubino has been a broken record for 20 years. If you listened to him you would be broke.

@mansasouley3891

Жыл бұрын

Bitcoin is better money 😏

@yrp237

11 ай бұрын

Bitcoin is money for the digital economy. Gold was for the analog economy. Get off zero!

@peterwilson9327

10 ай бұрын

Bitcon will Bankrupt you. Enjoy going poor 😮

All I know is that when I think I may give up my garden, I decide against it...I fed myself from that garden all during COVID so why stop now? (...Even though I'm old and tired!)

“By this means the government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.” ― John Maynard Keynes, The Economic Consequences of the Peace

@auntiefiat9769

Жыл бұрын

One of the few things he got right!

"Big Toys, Big Bills" For an asset, you should expect to spend ~1% of the purchase price for every percent of the design life of the asset. For a $133K RV with a 10-20 year design life, that's $6.65-13.3K/year... And that fleshes out pretty well. For a Class-A diesel pusher RV, tires can be up to $1500/each... that's an expensive flat. For a $10M boat (probably a "ship" at that point"), with a 50 year design life, that's about $200K per year... same basic stuff works for a house. It shoudl be noted, that for assets which consume fuel, this does not include fuel costs (but it probably hand;e basic maitnenance like oil changes, etc). So because the design life impacts how the cost amortizes with asset longevity - it's important to notice that the design life impacts the equation just as much (if not more) than the purchase price. A house that costs $500K and only lasts 20-years, is not as valuable as a house that costs $500K and lasts 75-years. Both cost the same at ouset, but the ongoing maintenance cost of the 75-years building is lower, and it retains value for longer as a result. And that drives the truth of the value of an asset... I recall looking to buy a home in 2014 in the S.F. Bay Area and viewing houses listed at $400-$500K. People were making $50K above listing offers already at that point, but some of those houses were junk. I recall one, looking at the building, it was in a historic district, but had non-permitted work done on it that the previous owner's bank put a stop to before foreclosing - this house had stucco runnign down into the grae soil (stuccuo acts like a candle wick for moisture) - the house was not ready to occupy, my estimate was that the home needed at lest $200K worth of repairs. That house sold $125K over asking, and my wife met and befriended the new owner - they ended up spending over $300K on foundation repairs and stripping the exterior off and repaing the base of the structure before even touching the interior - it was basically a gut, and had to retain the historic exterior. So a $475K home, sold for $600K, and after the repairs the new onwer had about $900K into the house. That house sold a year later for $750K... she lost almost a quarter million on that money pit.

@bhe8336

2 ай бұрын

And at no step of the way did they have an epiphany and ask themselves what the fuck they were doing.

Adam, you should feel great that many of your interviewees are starting to reference content from previous wealthion episodes. 1. The "experts" are listening to your show. 2. They are finding value in the interviews. Also thank you for your show. It helps me to make sense of this crazy market.

@stevehughes3984

Жыл бұрын

Yes I was thinking the same.

@stephenlofy31

Жыл бұрын

@@stevehughes3984 Us Steve's think the same. Lol

@jorge1170xyz

Жыл бұрын

Yes, but the fear I have is that it could become an self-reinforcing echo chamber instead. If we're honest, thus far, that's all it's been. A group of highly intelligent, expereinced men (with receding or nonexistent hairlines...which normally adds credibility in my book!) most of whom have been wrong for years now. I add myself to that list, at least the expereinced and wrong parts, certainly not the intelligent part :-)

John is an awesome guest. Thanks for posting!

Hey Adam! You should clarify to your audience what the money supply will look like once the snake has pooped out the pig. When a fiat currency has fully processed an increase of the size of the money supply, the value of the currency will be degraded in proportion to the relative increase in the money supply. Ergo, when you doubly the size of the money supply, when the pig gets pooped out of the snake, the currency will be devalued by half. For the USD, the ratio will be in the range of 300 or so. A USD will be worth 1/300 of what it was before the snake ate the pig.

@chiragmehta8212

11 ай бұрын

So everything will cost 300 x more?

@pierre1119able

11 ай бұрын

@@chiragmehta8212 indeed. Guaranteed. That’s how fiat currency works.

Absolutely fascinating conversation guys. Thanks Wealthion 👍 Get precious metals ASAP, supplies are drying up fast 🥇🥈🥇🥈🥇🥈🥇

If some analyst predicts the worst crash in our lifetime is coming year after year and it eventually happens, that doesn't make you an analyst, that's just guessing!

@letsclimb5828

Жыл бұрын

"Throw enough sh1t at the wall and eventually something will stick" - Alex Jones

@lngtimesurfer

Жыл бұрын

Uhm, isn't that pretty much the markets in general? 😂 Growth stocks were literally guessing whether the company will be profitable in the future, options trading is basically guessing what the value of the stock will be at some point in the future It's all "guessing" *gambling* that the thing you invest in will come to pass, whether that's to the upside or downside

@daniellee8720

Жыл бұрын

Alternative view - markets progressively declines. Timing is hard as governments pull every trick to kick the can down the road. With each act of defiance, the fall becomes bigger. Had they allowed 2008 GFC work its way to clean the system (example getting rid of zombie companies), we would not have to deal with all these super bubbles. I kept my eye on this cycle for over 12 years and as it accelerated, i had to time my investment portfolio changes, sold my properties over last 3 years, yeah i didnt make much with the first sale but i am happy i timed it before the top. I am sure you watch the progression too and rearrange your portfolio accordingly, so is it purely luck or guessing?

@cheeseman417

Жыл бұрын

@@daniellee8720 In response I will say this, the famous market crash day of the GFC was in I think September 30, 08, but it wasn't until March 9 2009, when the market completely collapsed!, then , it kept going on trading sideways until 2012, so you never know where the real bottom is, I waited till after the pandemic to invest, and as soon as i did in jan 22, I got completely obliterated, no matter what invested in.. crypto... crashed, Reits.. crashed.. shipping stocks.. crashed... bond funds.. crashed!... it's absolutely disgusting! my unrealized losses I will never get back so when i hear these F*cking analysts, the same ones that were touting a recovery post covid, i get pissed, so i don't believe any of them now

@richardburton-777

Жыл бұрын

WE are ALL living in the Greatest supper bubble in 6000 years!! All of the technical gains over the past 450 yrs have peaked HERE!! Global insanity to lock down, hyper inflate at the same time!! Just because a bunch of selfish greedy idiots keep accepting More DEBT , more lies, more fantasy & confusion like the so called "money" traded as digits on computers or worthless prices of paper with dead guys printed on it. Worthless! No REAL VALUE! Printed to Oblivion!! Inflation has dilluted the value to almost nothing. But hey just keep criticizing and mocking wise, caring ANALYST!!! 🤦 Come on Noah relax, take it easy, chill out, have a beer, Why are you putting your hard earned labour & assets into a giant boat🗣️ ..ITs NEVER GOING TO RAIN NOAH !!

Rubino been saying this for YEARS... but it never happens.

@saltydog1196

Жыл бұрын

Tic Tok 🤯

@favor4afavor823

Жыл бұрын

The doomers are funny

@SunofYork

Жыл бұрын

He has predicted 20 of the last 3 recessions

@SunofYork

Жыл бұрын

Are you still friends with Phillup McCavity ?

@JP5466

Жыл бұрын

@@SunofYork lol - good one

Fascinating. The Rubino RV Economic Indicator. There may be something to that. During the CoV closure of the global economy by our rulers, I drove by a large local RV dealer and I commented that they would be bankrupt within 24 months. I could not have been more incorrect. Shortly after my comment stimmy and PPP hit and those RVs FLEW off the lot.

@auntiefiat9769

Жыл бұрын

Well, I was saying in 2012 that low interest rates and "free money" could not last much longer!! LOL

While people may talk about "doom merchants" there's always the overly optimistic Wall Street. I remember specifically back in 07 "oh, if there's a recession, it'll be a light one....the consumer is strong " Well, we all know how that turned out. Now, there's more leverage, more debt, more zombie companies amd the consumer is maxed out in expensive homes and autos. This won't end well. Btw, I'm financially retired but still run my construction services company in Florida. We dropped off at the beginning of March and we're a leading indicator company. Things are about to go down.

@oliveoil7642

Жыл бұрын

In Canada, construction is still booming.🤷🏼🤷‍♀️

@rokyericksonroks

11 ай бұрын

If I’m not mistaken, 2023 is the third year in the election cycle of a president. These equity run ups are so routine in such years. It’s your basic pump n’ dump courtesy of the retail investor crowd.

Adam, I like the ship analogy. The bad news is that the Fed already put Silicon Valley Bankers and depositors on the Titanic's lifeboats. And they convinced us that letting them get off the ship would make it lighter and prevent it from sinking.

@jamesberry4514

Жыл бұрын

You're giving away the ending.

@stevenwhitneyjr8828

Жыл бұрын

​@@jamesberry4514😂😂😂😂

@LittlebitofDixie

11 ай бұрын

It is a burn it plan...for their build back betta plan...(comm- u -nism)

in s.f you can not even walk down the sidewalk without tripping over homeless people and vets sleeping on used cardboard and asking for handouts and food. I would call that a depression I think is is even worst than the depression in the thirties, its madness crazy madness.

@sunzeneise

Жыл бұрын

Left “The City” 5 years ago. Lived there since early Seventies, I will NEVER return. First visited in ‘58. It had its last Republican Mayor then, and it was not crowded and beautiful.

@GuyIncognito764

Жыл бұрын

Agreed. Left SF 7 years ago due to all this shameful filth.

@stevehughes3984

Жыл бұрын

They were there in the boom,at least most of them. That’s not a sign of depression,it’s a sign of what’s to come en mass in the future.

We should listen and think even if we don’t agree. Good review

I was 23 , 1983 , stay at home wife , 2 toddlers , Paul Volcker was Fed Chairman - 21% INTEREST RATES ! 18% mortgages . I worked 60-70 hours 6 days at my main job - had 2 more part time jobs . Starving in Connecticut . I’m glad that I experienced that only because of what happened to me in 2011 - it helped prepare me for a worse situation ; but it was no fun …

@bhe8336

2 ай бұрын

A 100,000 house at 18% costs less than a 400,000 house at 7%

@rudeawakening3833

2 ай бұрын

@@bhe8336 but you don’t “ have to buy “ a $400,000.00 house And they will cut interest rates again .

The couple across my house had much less education than us, he did part time jobs and she was a public employee. In the time we share street, the changes twice the two cars, bigger and newer, they had a ATV and lastly a RV. My wife and me asked over and over what we are doing wrong?. They are gone and I am 100% sure they are still doing well but what I saw in these years was simply lascivious, how much, how new, how fast!

John is a great guest. When this first came out and have now watched it again and I appreciate that he is so realistic. He is honest as to his opinions and not as dramatic as some others. He is great and would like to hear more. I agree with his perspectives on bailouts.

A great interview, and a great guest, thanks for sharing 👍

Timing... feels like a large firework has been lit, everyone is standing and wondering... and then BOOM!

After listening I find the interview very insightful and helpful

John is extremely insightful. Adam, it would be great to see him back.

Love Wealthion 👏 always first class! 📝

Great interview. No scare tactics, no drama, just calm explanations

Great Van Halen trivia - did not know this detail about one of my favorite groups. Thx.

Great interview. Thanks, Adam and John!

John is 100% on my fantasy dinner party guest list!

🎉Awesome discussion about facets of economics about which I have never heard discussed, especially with respect to "disappearing" money that John Rubino spoke. Thank you also for discussing about the existence of the Sprott Uranium Trust and how such a trust actually purchases and holds uranium, again new to me. After 3 years of learning modern economics from Andy Schectman, John Rubino and other guests here and on other programs, I am surprised I have never heard of so many things discussed here today! Cheers!

Love Rubino's level headed commentary

I'm an accountant in Melb Aust (we had a massive lockdown in both 20 & 21), and was advising caution during the pandemic and was surprised at the buying frenzy. My wait and see approach was definitely a minority position. Maybe I missed out on an opportunity, or maybe I have avoided risk. My personal position is you see the mountain a long time before you have to climb it, so I feel I have time to consider options. As risk adverse, I just want to preserve my superannuation (pension fund) - which you can self manage in Aust. I only want to preserve the current balance, however in reality the underlying assets are bubbly and overinflated and want to restructure as cliché as it sounds into safer investments that are likely to recover.. I'm preferencing real estate - even if it takes a hit - it is still tangible, though taxable. The only thing I would bank on, is that gvt intervention will make things worse. Once the first rate cut happens, I know thinking time is over and to act quickly.

@tyh3120

Жыл бұрын

Can’t you see that the apostate West will burn like Sodom and Gomorrah?

@Pelican5077

Жыл бұрын

History shows that the worst part of the market and housing meltdowns happen after the FED starts to cut. In the GFC the FED pivoted and started cutting rates in late 2007. It took more than one year for the first market crash in late 2008. Housing correction lasted until mid 2012. Same thing occurred from 1979-1996. Same thing 1979-1983.

@alanwatson1061

Жыл бұрын

Wanted to let you know that your comment: “You see a mountain a long time before you have to climb it.” WAS FANTASTIC. Hope all works out for you! Blessings!

@tyh3120

Жыл бұрын

@@Pelican5077 Can’t you see that the apostate West will soon burn like Sodom and Gomorrah? Poor you!

So insightful, thanks!

The market can easily roll along far, far longer than these guys imagine. There is still way too much money in the system. The short-term funds rate should be 2% above the rate of inflation for a couple of years in order to stop the ravages of inflation. Currently short-term rates are near the inflation rate, but they need to be 2% above it. That will take another 18 months - if, and only if the Fed keeps raising rates. No pause. No pivot. Money needs to be more expensive. Congress is the culprit. Their constant and relentless raising of the credit card limit (analogy to the national debt) is both ruinous and highly inflationary. But they can't help themselves. Simply look at history. The same scenario plays out over and over. When the dam breaks, it's game over. But the U.S. Congress keeps fanning the flames by increasing spending. Yes, this will end badly but it could take 10, 15, or +20 years, or longer to play out. Behold stagflation. It's coming, just like it has before. There's no way out.

@petersheenan4482

Жыл бұрын

Real inflation is 16%

Another amazing perspective! Thank you, thank you for all your efforts!! 🎉

Who knew I’d hear a Van Halen contract reference on a financial video in 2023…. Love it! (1st VH show was Fair Warning ‘81) Great content here!

One of your better shows.

For the ones saying this crash will never come , need to think about few things. A) A big event takes time to develop. Bigger it is more time. B) When there are global power shifts, it takes longer as the powers be, will throw everything and the kitchen sink at it. So the forces to avoid it needs to be exhausted first, for it to happen. C) The people who see it are not wrong, but different people see things at different times. Some are over cautious and will call it early, but is the data support the trends, it can still happen. D) Unlike before now there are alternatives like crypto, other currencies coming, so now is different, and not to say increasing debt, and loss of confidence. When it happens, it will be very quick, like an avalanche building. Do not get more debt.

Housing is still way too high here. None of us really want this to happen but it won't stop until unemployment rises. The American way is to make $1 and spend $2 and they will do that until they can't any more. The Fed may pause in June but guarantee they aren't going to pivot any time soon unless something very drastic happens. I see 1 to 2 more hikes coming unless the bottom drops out of the economy

Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.

@bsetdays6784

Жыл бұрын

Having an investment adviser is the best way to go about the market right now, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K during this dip, that made it clear there's more to the market that we avg joes don't know

@lucianoboccedi

Жыл бұрын

@@bsetdays6784 that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you.

@bsetdays6784

Жыл бұрын

@@lucianoboccedi the investment-advisor that guides me is Eleanor Annette Eckhaus, she popular and has quite a following, so it shouldn't be a hassle to find her, just search her

Housing definitely seems to be very close to taking that turn of potential sellers that we’re waiting to see this out, are starting to realize they need to list asap. I think we will know by the end of the year if we are getting this to materialize. With the fed pause off the table for now and mortgage rates going back up, it seems like the match is lit and just needs to make contact

Time . The invidious variable we have no control over. Events rarely fit into our perceived time frame. The destination/outcome is clear. The details of the journey uncertain. From Australia. You both do a good job

Great episode. Thanks!

John Rubino is such a sympathic grandpa!

Economic investigator Frank G Melbourne Australia is still watching this very informative content cheers Frank ❤

Really great analysis. The one thing different from previous down turn is the way the the corporate media reports on the facts. Even the government 'cooks the books', changing data to fit their projections. What happens when the reality hits the fan?

“Why is it taking so long?!” Excellent question This has been like watching the slowest slow motion train wreck of my life. Rocky Mtn resort area housing is still high, inventory v limited, though dom are up and modest price reductions have begun…still feel there will be a (small? Delayed?) difference in these safe clean beautiful areas as more people exit the crime ridden cities. Pig through the python metaphor is quite the visual.

Always good to hear from John Rubino. Great interview Adam!

In the 70's,Harry Browne thought that to save the nation and the dollar,the Fed would take the necessary steps.After yesterday,I'm not so sure.

John’s my favorite guest and I subscribe to his substack.

Thank you for having Mt Rubino back He's one of the best guest you've ever had Fantastic interview! Thanks Guys

A country's debt never gets paid off, the only thing that matters is the debt to GDP ratio. The U.S. is pushing it. Private companies are a different thing. The doomsday senario for the government never seems to happen.

Fully agree............good stuff

Thanks for putting this together

It’s really weird how few actual physical (For Sale) signs there have been for the last 12 years I definitely have been seeing For Sale signs on vehicles and motor homes lately and they do stand out.

Rubino rocks! Clear, articulate and in tune with the economy.

Upside-down auto loans, student loans, credit card debt, personal loans...tick, tick, tick, DEBT BOMB! 💣💥

As always, good analogies, Adam!😊

John is my absolute favourite. Such market zen in this guy. Thank you for this show both of you 🙌

WOW! what a nice video to watch, everything I was wondering. thank you. I can't believe I can watch this free. thanks!!!

Measured and Methodical: No wonder Adam and John present such a highly probable compelling investment thesis focused here on the most bizarre an Inflationary / Depression? Personally I buy into the macro thesis and subscribed to John Rubino's Substack for some actionable investment scenarios. Thanks again for the measured...here is where the Developed Fiat Currencies are currently leveraged...with the US Central Bank balance sheet $1.3Tn underwater (just a fundamental fact) it is very difficult to create orderly scenarios, given the blunt FED "tools", as to How? this technical insolvency will be resolved...Hedge Time = Hard Assets.

Thank you Adam for the time stamp. Sometimes time stamp makes it convenient. Great interview as always 💯

Comodities might be good in the long run but the short run with a bad recession they will be down in the short run. Any thoughts?

@ivancho5854

Жыл бұрын

Absolutely. Even gold will sell off during a hard crash as margin calls need to be met. In a hard crash EVERYTHING sells off except for the US Dollar and it's proxy US Treasuries. Both will rise. Long duration Treasuries will rise most, then short duration, then cash. Every single time guaranteed. When they peak at the market bottom, then sell and pick commodities to go long. Harry Dent's playbook, but almost everyone thinks that he's a nut. Not me. All the best.

@petersheenan4482

Жыл бұрын

Gold is the asset that repeatedly goes up during market slumps. The date is available on the web. Even silver goes down, but not gold.

I always ask clients about the economy and when I hear like now no one really worried I start to worry

Dont buy folks.. wait-- Prices "will" tank soon enough

I can remember living through 2 major crashes, and I'm 39. But it's great to see a 15yr old getting interested in the market. Good luck in the future, but remember crashes are real, believe you me

Excellent interview.

Great discussion. Macro analysis always introduces great insights.

Fundamentals are certainly way out of balance with prices, especially in housing. But the caveat is that the Fed is going to fight any asset market collapse, just like they are going to fight any asset price bubble going forward. But I suspect 4-5% inflation is their true target rate as that helps manage debt service at these higher interest rates without forcing defaults and bankruptcies. I would agree the game ends when govt credit policies can no longer support currency stability. Japan looks to be our test case at the moment. The trade-off policy choice is going to be recession now or bigger recession (depression?) tomorrow.

Great program!!

I have added heavily to mid tier Silver stocks. FSM AG EXK are cheap. You could get junior miner type gains, multiple X from some of these and avoid the risks of junior exploration stocks.

Wonderful interview - thanks 🙏

Wonderful. Thankyou 💐.

Always great to hear positive people….

Schadenfreud IS delighting in other people’s pain

Two of my favorite people

The market looks pretty good this year, as long as you ignore last year.

In my neck of the woods, we have a serious housing shortage and local inhabitants are priced out of the current real estate market. RVs are in high demand as alternative living spaces. Multi-generations are consolidating on single properties. Also, many people are renting rooms, basements, lot space, or even "shed-rooms".

Loved this interview! Did you post the link to his substack per chance?

And...as long as nobody of the 9 other houseowners doesn't sell, there is no loss. They are just "feeling" less rich.

A very accurate picture of what is happening. I am very concerned yet am positioning myself accordingly. Reduce debt and invest in hard assets. Thank you

I truly hope someone in my neighborhood sells their house for 10%, 20%, or even 30% less. I am not looking to scoop up a bargain. The fact lower price bring down the comp will correspondingly bring down my property tax bill. Even in the crash, there is silverling, especially for someone not looking to sell.

Some people are known bears, but I am inclined to be very nervous at the moment. Those that rule seem in the thrall of greed and magical thinking and they seem very confident of their superior competence, while nothing of the sort is in evidence.

I started out buying a used 17’ foot travel trailer in which my wife and two children plus my mother-law drove 10,000 miles across the USA IN 1976 and by the late 1986 ending up selling my last travel trailer which was a 35 ‘ foot bunk house which I also had purchased used, owning a total of five trailer and never losing a penny but always making money on every trailer I owned also purchased a 30’ foot used sailboat I owned for almost 20 years which we weekended on all summer in an area where a weekend room cost as much as $900 dollars and more. So even, not being rich you can enjoy the so called good life by making good purchases of the toys you want . 😊🎉 I NEED TO THANK GOD AS WELL !

Ask yourself. If the market's going to experience both Weimar Republic inflation and a 1929 stock market crash at the same time, what will lose more value? The currency or stocks?

@stephanygates6491

Жыл бұрын

Both. Buy gold and silver.

John is a realist and I fully agree with him. Here in 01 it was the beach house and boat for sale already now houses for sale have add ons “a trip to Fiji”, “our classic Rolls Royce in the garage is included”. The property bubble here in NZ was top 3 in the OECD and the leveraged debt too 3 as well. The lag effect takes time patience is the key after 08 the bottom here in residential property was 2012. This is way larger due to the debt not assisted by monetary policy fighting fiscal with our authoritarian current government just releasing latest budget with all being further debt and accepted trade deficits until 2026! Absolutely crazy considering we can produce food for the rest of the world but our farmers are being hindered by the Marxists wanting to take control of the food supply. On a lighter note at least many can move into their RV’s😂

@fjb7380

Жыл бұрын

Sold family property there in jan, grateful to be out. We hope NZ will right the ship one day and not be completely overtaken by the CCP…

"RV" should in this case include not just the vacation cabin on wheels, but the motorcycle, pickup truck (unless you're the kind of guy that has a ladder rack and a bed full of tools), and BOAT (of any size, sail or motor). They're all vehicles of recreation. In fact, I met a guy last weekend who mentioned that he had seven bicycles! At least six of those were "RVs".

@Pelican5077

Жыл бұрын

Hey don’t put all “boaters” in the same category. We are full time liveaboards on our gracefully aging 35ft sailboat, and have been for more than a decade. We own no property. We pay no property tax, no electric bill, no gas bill, no water bill, no trash bill, no state income tax. We spend 3-400 dollars per year on diesel, 200 dollars on gas for our dinghy, 100 a year on propane. We do all our own maintenance and only spend days/nights in a marina when it’s time to reprovision and/or enjoy endless hot water for a couple days. If you do it correctly, living on a boat is a very cost effective way to have a wonderful life.

@jorge1170xyz

Жыл бұрын

Also Dodge Demons and Hellcats lol

We rent a brand new RV every spring for one month for $10-39 CAD per night from one of the big rental companies. The total rental cost is less than one month's payment on a new RV. Why people take on such a huge rolling money pit when you can rent one so cheaply, and have no responsibility for maintenance / insurance, etc., is beyond me.