Комментарии:
“A house of cards”. Spot on. Storms coming. And you can say “oh, they been saying that for years” yes they have and the storm always hits.
ОтветитьFractional reserve banking: your deposit in a bank is an unsecured loan to the bank with a joke called "FDIC" to insure that fraud.
ОтветитьIf you miss the gold standard, you can just put all your money into gold to "save" it like in the past. Tho better to put your money into an index fund and ride the asset inflation up while its still going. If you are afraid of banks failing, buy bitcoin and hold the keys.
ОтветитьThe movie was "It's a Wonderful Life"
Ответитьwoah, the public is talking about greedy banks like it Occupy wallstreet again. Quick, let's find a way to divide them like we did with BLM, CRT, and LGBT!!
Ответитьantisemitic
ОтветитьThe dividers supposesd to help heal the country, give me a break!!!!
ОтветитьNo one borrows the $90 and then puts it in the bank. I think what he meant was the person that borrows the $90 spends it and that person potentially puts it in the bank. But I get what he is saying. The monetary system is a Ponzi scheme. And more and more money has to be created to pay interest on old debt. Which means there better be exponential growth or the whole system collapses . They have gotten away with this over the past 70 years because the population has grown at a high enough rate . Eg baby boomer generation. But now china is declining, 1.6 billion and predicted to be 1billion in the next 30 years . Most countries are in decline. That’s why there is a massive migration push . We have to let them in or the system collapse.
ОтветитьThe dollar is worth 3 cents now folks. Crash
Ответитьthis 2014?
ОтветитьWhat can I do with my money that keeps it outside of this system and safe?
ОтветитьThe fed did away with the banking reserve so its actually zero 🥳
Ответитьright before the banks failed in 2008 i believe the number was 30 to 1
Ответитьbuy gold silver or real estate in and around the Washington beltway these CEO's lie about their financial statement and P and L all the time and they dont go to jail just like 2008 Criminal enterprise
Ответитьthe dollar is worth nothing maybe 5cents on the dollar compared to 1970
Ответить7 of the most wealthy counties are circled around the Washington beltway
ОтветитьJoe should get Shaun king to the pod. They banned him on Instagram for documenting the truth.
ОтветитьI swear we're heading towards a depression, and only for 80% of the population. 20% will be alright
ОтветитьThe fractional reserve model is actually not entirely correct. When banks issue loans they just increase their deposits and see to loan as an asset and liability. So private banks create money as well. In fact, this has a bigger effect on the real economy than government spending which often doesn't end up in the real economy at all.
Ответитьthere is a bailout program giong on right now for banks that started last march ( I can't remember the name of it). since they started the number of banks to get on the program has went up sharply. The program is set up to give the banks one yar to get solvent. I think it ends march 12th 2024. After that if the government doesn't extend it and a bank has not gotten out of debt there will be a run on banks and a collapse.
ОтветитьRichard Nixion removed the gold and silver standard. The I am not a crook changed the game? This is how we pay for wars with monopoly money?
ОтветитьThis is why Bitcoin was created.
ОтветитьWe will soon be forced into CBDC with an expiration date.
ОтветитьPonzi Reserve Banking
ОтветитьHe's correct. The suburbs of Northern Virginia, and Potomac & Bethesda Maryland have wealth like people wouldn't believe. And it's not flashy, it's old money.
ОтветитьBlaming Capitalism for hyper-inflation is the intellectual equivalent of flat-earth
ОтветитьSo much stupidity in this podcast
ОтветитьYes... money is literally loaned into existence.
Ответитьsorry. his economic rant on the money supply and fiat currency is lacking. the population grows, the economy grows, and so does the money supply.
ОтветитьLate stage capitalism. It's also the cause of political infighting as well.
Ответить2nd comment. Dave Smith is wrong on fractional reserve banking. The 10% rate means that the bank only has to hold 10% of their outstanding loans. If I deposit $5,000 in my checking account, the bank can now generate $50,000 in loans. This is new money that didn't exist before and is made possible through double-entry bookkeeping. (An amount on the debit side has to be balanced on the asset side of the ledger.) Yes, the Federal Reserve creates new money out of thin air but the amount created out of thin air by local and regional banks is far greater. All of this was made possible by Nixon taking us off the gold standard in 1971, just as Dave mentions in the first two minutes. As an ancillary effect, whenever you pay off your loan you destroy some money and it goes back into thin air. What drives the growth economy is that new loans made far surpass the loans paid off on a daily basis. Which is why banks are constantly trying to loan money.
An argument can be made that deflation will increase the amount of loaned dollars (as long as you have even a small business) and so actually save the economy from collapsing. But that is another experiment that we will likely be doing soon enough. We shall see.
Right off the bat he mentions Nixon taking us off the gold standard. Good!
ОтветитьInteresting how over 2% inflation has been a concern when central banks and the Fed begin to hike interest rates. I consider the rising interest rate to be a very serious issue since it will undoubtedly cause more investors to withdraw their money from the stock market. But then I'm still aware of certain investors that continue to earn over $365,000. Wish I could accomplish that.
ОтветитьPeople are too smart for their own good. If everyone focused on growing food people are fine and life is fine. Money just makes life not deliberate and separates people from fulfillment of their own basic needs from where it comes from. The ground..
ОтветитьIt's much more criminal than these guys let on. Whitney Webb is on the Case if you want to know how fraudulent the world of finance has always been. Bix Weir is another great source
ОтветитьThis guy outs too many things in the bag and doesnt deliver any valuable piece of advice in the end. People need better financial education true, but it’s not like everything is made to rob you. Be smart and dont put all your eggs in the same basketZ
ОтветитьEventually people will comprehend this and it won't be pretty for the extortionists and "their" stolen/false/illegitimate wealth
ОтветитьSpot on but more than 3 years too late. We all got played. Sickening. Good for Rogan shedding light on this Matt Taibbi tried to sound the alarm back in 2020 a few months into pandemic. Wish I'd known and understood this. They rely on our ignorance. Extortionists running our country
ОтветитьDoes Dave Smith even know anything about money? He talks like he knows nothing! He literally gave some basic info about how the economy works. Useless.
ОтветитьYo Joe Trump one of those people taking advantage of the system but on crack level, he gets in office it will just get even worse
ОтветитьFacts!!!
ОтветитьThe 1970’s oil crisis and the huge increase in the price of oil wasn’t because all of a sudden the oil producing countries unilaterally out of greed increased the price they charged, as was reported at the time and is still accepted by many as the explanation. No, it is because Nixon took the US dollar off the gold standard and the US dollar became much weaker and worth much less. Therefore, to receive the same value, the oil producers had to charge far more dollars. The oil didn’t become more expensive, the dollars paying for it were worth so much less, However, within the US the dollar was not seen as being worth less, rather oil was seen as costing more.
ОтветитьHe is the first comedian on JRE who actually has knowledge about what he's saying. Usually the comedians just chat BS and have no idea what they are even saying regarding very important topic.
ОтветитьAnd islam abolished this exact concept 14 centuries ago
ОтветитьOkay as soon as you say “our culture” … I’m done, this dude is an idiot. This guy thinks Nixon’s problem was moving the gold standard… not taxing everyone who makes over 3 mil at the same rate. Fascinating. 💀💀💀
ОтветитьNo No No you have to Blame the Marginalized, Elderly,Poor, Kids Lunches, keep your eyes on that
ОтветитьJoe Rogan is a devouted progressive progressives believe government console the problem IE big government and big government programs.
Progressives believes that the state can do it better than the private sector Joe Rogan's a fool this is what he wanted.
The fiat currency system is a scam, an inherently corrupt system that forces you to play, the upside is, if you know how to play it, it can be very lucrative.
ОтветитьIt is all true.
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