Comments by "Straight2Dpoint" (@4evertrue830) on "ITM TRADING, INC." channel.

  1. 11:45..."i am probably full of ridiculous things to say"...yeah i agree with him on that for sure. Everything he is saying is ridiculous and translates to, keep making sure other countries remain in bondage to the american dollar. But why is BRICS seen as a threat to the US just because these countries want an alternative international payment system for trade rather than depend solely on the dollar at all times? Is that not what "freedom and liberty" is all about? Yet he is wants to continue with the financial bondage of tying every nation of the world to the american dollar.🙄 😒 🤔
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  2. Bingo, you're smart i can tell. Unfortunately, going back to the gold standard will be very painful for america, I.e a lot of spending cuts have to be made to buy tons of gold to put trillions of $$$ back on the gold standard. 😢 This is the reason why digital currency is what the Fed wants to introduce into the system because they believe it will be less painful even though everyone can see it is make-believe monopoly money..😢 😞
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  3. How i wish the interviewer will somehow get in touch with Prof Michael Hudson to grace her show. He has a simplistic way of explaining the state of the US economy today, what led to it and what awaits everyone in the future..😕
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  4. Not 350million americans but 332million americans.
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  5. I can help you if only i understood your question clearly. It isn't clear to me but, let me point this out. Banks make money by lending out deposited money and charging interest on the money lent out - the loan. The more money they lend out, the more money they earn/make from the interest charged and the principal. They also make more money from charging "penalty interests" (interest added on loans) if the loan recipient fails to make his/her regular payments as at when it is due. Such add ons can vary from bank to bank and also depending on the loan taking. Whichever way you look at it, the money is not destroyed when the balance of the loan is paid back. What destroys money/currency is constant regular devaluation. 🙄
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  6. You should be learning from the very best Prof Micheal Hudson. Look him up and watch his videos.
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  7. This is one of the guys everyone SHOULD be listen to. A great analyst of world events and of everything we all are going through today.
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  8. 🤣🤣🤣🤣😁👍..it shows he has vested interests. As long as the US economy keeps doing badly he makes money. 😅
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  9. The solution is to go back to old fashioned traditional banking, which consists of good interest on savings accts and sound interest on yielding investment financial packages/portfolios. Such will bring in the cash that's still out there into the banks to make them liquid. No more ridiculous fees and charges on accts and transfers - a lazy way of making money for banks out of thin air.
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  10. How come you work part-time in a company and also benefit from the company's health insurance in the first place? Most companies i know will not offer health insurance to part-time workers. You're lucky you got one in the past.
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  11. Don't you think it is because oil and gas was more cleaner and becoming the in thing than dirty, problematic, unhealthy and unsafe coal mines? 🤔
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  12. How do you put trillions of american $$s in circulation world wide on the gold standards, simply because millions of americans have credit cards? The dollar is a fiat currency pegged to crude oil for a reason, which is why it is called the petro-dollar. The money required to achieve what you're saying is enormous indeed.
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  13. It is not a good interview. She is asking him questions like a newbie sometimes. Her questions to him should have been more challenging and based on what other well known professionals are saying about the dollar$$, future of the US economy, the EU, gold, china's economy, Bitcoin, crypto, etc. Now, that would really have been something..😕
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  14. This professor is awesome? A professor who supports Argentina to dollarize her economy thus destroying the independent and sovereignty of the country and the people. That is criminal and catastrophic and that is the truth. Dollarization is a modern form of colonisation and only benefits the US and not the country that does it.
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  15. It is far too late for that to happen. It will take true guts and hard work from any US president to make that happen. The worst beneficiary will be the military industrial complex. They will be the losers of free easy money if that ever happens. The Pentagon's budget will drop like a heavy stone from the heights it is right now to unprecedented low levels and that is something it (Pentagon) will never allow to happen.
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  16. What's the point. The more banks are recapitalised, the more the bank directors get richer through the allocation of share bonuses to them.
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  17. But a lot of money was printed excessively about 2 yrs ago. Where did it go and what happened to it? The poor didn't get it. 🤔
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  18. But a lot of money was printed excessively about 2 yrs ago. Where did it go and what happened to it? The poor didn't get it. 🤔
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  19. Economics is not a 'pure' science like physics, chemistry or biology yet it is categorised as a science somewhat. Most of what you think he is saying now that makes sense to you, makes absolutely no sense to other economists. Prof of economics Michael Hudson or, economist Peter Schiff will never agree with most of what he has said here especially the dollarization of Argentina.
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  20. That is how true free market economics/capitalism works. Companies that have managed their businesses well and refused to over spend their profits but saved it, will use this to buy up failing companies that were badly managed during the recession. Govt shouldn't interfere by setting aside huge tax payers funds for any bailouts. 😐
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  21. Deflation is not bad. It is only bad for the 1%, the filthy rich who like to profit from high rising prices caused by situations like inflation. They will lose a lot when prices go down, although such low prices will lead to higher demand of consumer goods and thus increasing sales. The down side is the profit margin which will be low for this people. 😉
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  22. ​​ @HarrisonCountyStudio  Sorry to burst your bubble but i think you are wrong. A continued expansion of fiat currencies means constant excessive printing of fiat currencies. This weakens the currencies printed by reducing its true value which then leads to a weak global economy that is hardly productive and then you have global recession or, global economic depression. The solution is simple. It is called debt forgiveness, to help any country at the national level re-start its economy on a clean slate without debt overhang or, to help the world economy to bounce back from a recession.
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  23. I have a question; if the dollar$$ collapses, making way for the digital currency to be released, what happens to forex trading as a business and how it affects those involved in it? 🤔
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  24. 14:00 I don't know who this guy is but, calling on the Canadian govt to heed to his advice and take out much of the pension funds and invest it into canadian resources, is a terrible mistake and a potential disaster for the country. The right thing to do is make use of Canada's sovereign wealth fund as an investment into those resources he is referring to just like Norway has been doing for decades. Norway has the richest SWF to date. The Canadian govt must NOT be tempted at all to use the "Maple 8" pension funds for this. 😳
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  25. It is unfortunate that you have to agree with him. Pension funds are not designed for such risk taking. He should be calling on the Canadian govt to put more money from the sovereign wealth fund (which Canada should have) into Canadian resources. That is what responsible developed economies do. Norway's SWF is worth over $1.5 trillion dollars today, one of the highest in the world because its what they do.
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  26. What the good lady is trying to say is, if you have the means today, save money to buy gold coins. The dollar is literally dead..😊
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  27. Pension plans/funds are actually safe havens of retirement funds if managed as intended. They are not funds meant for risk taking according to the advice offered by this guy. 🙄😏
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  28. That is a socialist communist mindset totally rejected by the capitalist west, especially by the country called the United States. The west must make money at all cost, from....EVERYTHING. 🤣😁
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