Comments by "" (@badluck5647) on "Patrick Boyle" channel.

  1. I had three spam calls from India before this video even finished.
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  2. As an American, I'm all for the UK subsidizing American companies.
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  3. "Rich Dad, Poor Dad" is a great book for people who have very little financial literacy. You can't imagine how disappointed I was when I found the rest of Kiyosaki's books are worth less than the paper they were printed on.
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  4. Between Musk and Trump, this will be a golden era of nonsensical economic policy and white collar crime.
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  5. Why anyone would invest in Turkey after Erodgan said God told him that inflation would be reduced by lowering interest rates is beyond my understanding.
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  6. Milei, "I use to be a fan of Coffeezilla until..."
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  7.  @jamm8284  The other way around. China national, but mostly local, governments pay huge subsidies to have manufacturers set up in China.
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  8.  @bennynguyen176  He has two books on "Network Marketing" that every pyramid scheme gives out to trick naive people into thinking Multi Level Marketing works. His other business advice usually involves getting as many investors as possible, and then pretty much gamble with their money.
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  9. You should attribute the quote to it's source (Coffeezilla)
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  10.  @BUSI_88  Kevin O'Leary is more Kardashian than Buffet. His "brand" gets him generous deals that are low risk for himself. The money from those deals help fund his gambling on the stock market.
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  11.  @jamm8284  I have a feeling you don't know how subsidies work.
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  12. This is why hybrids are better
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  13. Which Argentina currency crisis? They have have a economy crisis ever few years.
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  14. To be fair, Jack was right about the beans being magic even though everyone ridiculed him. Somehow people keep making money on cryptocurrency even though it is useless as a currency and has zero intrinsic value. Long story short: Nothing makes sense anymore.
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  15.  @TisDana  You are right. Poverty in sub -Sahara Africa and downtown Los Angeles are exactly the same. The American poor also don't have access to clean water, free phones, free food, free healthcare, and direct cash payments from the government. 🙄
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  16. Justice Thomas is for sale.
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  17. We know the Daily Upside won't lose all our money. Great Sponsor, Patrick 👍
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  18. “My dad said he listened to Matt Damon and lost all his money.” - Craig from South Park
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  19. @BeaHindebars  Cars are difficult to light on fire. The issue is the dry vegetation and strong wind.
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  20. Military spending gives Americans a technological edge in several industries, close bonds with our trade partners, and a deterrence to our rivals to interfere with our economic interests.
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  21. Africa poverty struggles to find enough food. Meanwhile, the majority of America food stamp recipients are overweight or obese.
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  22.  @tomasviane3844  You don't need to live in Latin America to know about all the inflation crisises and IMF bailouts
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  23. With a globalized economy, that isn't a big deal as long as economy is run well.
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  24.  @ItalianJew  With a trillion dollar yearly budget and multiple levels of classification that make it difficult for accountants to get information about certain line items without a conversation with a select few generals and admirals, it makes sense that the Pentagon has difficulty running an audit. There literally isn't a comparable organization in the world.
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  25. Patrick is my favorite source for news about rap artists and wood nymphs.
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  26. Egypt sounds like a teen who uses a credit card just to build a credit score.
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  27. After all these "financial YouTubers" sold us FTX, I am only subscribing to Patrick Boyle and "Half Donut".
    9
  28. The Streisand effect might be involved, too. Youth unemployment seems more important to investors only after the government tried to cover up the numbers.
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  29.  @jamm8284  If you give a homeless person a sandwich, then that person will have more money to buy crack instead of food. Therefore, you bought crack for the homeless. Same logic.
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  30.  @antonmorozov5193  It goes both ways. No one wants to loan to a bad creditor who defaults on their debt, and I imagine few want to do business with banks who give out predatory loans. It would be smart for both sides to protect their reputations.
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  31.  @kitatit  To put "debt for assets" in context", Kiyosaki has been in bankruptcy more than Trump.
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  32.  @Mighty_Atheismo  Is 32 a boomer? I worked at a grocery store to put myself through college. People who use SNAP always had money for cigarettes, alcohol, and lottery tickets. It also seemed like they all had nicer smart phones than me, and they all arrived to the store in a car. What Americans call "poor" is just below the medium income.
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  33. Except, US military spending never declines during peacetime. Only priorities in the military budget change
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  34. No Kevin O'Leary reference?
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  35. 20% of the global economy, 2nd biggest exporter, unparalleled military power, and dominance of important sectors like technology and finance -- there isn't an economy that could replace the US dollar
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  36. Yes, technological developments from military spending like the internet, jet engines, and GPS have been "disgusting."
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  37. This is the same Eisenhower who championed nuclear brinkmanship.
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  38. They couldn't delete the AI Boyle that has been badmouthing the prince.
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  39. Trump's new plan is to get rid of income and payroll taxes, and just tariff our way to prosperity. Even people who are here for the rap content, know this is just bad economics.
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  40. The best part is that he isn't selling us a masterclass, MLM, crypto, or NFT like many of the other "financial experts" on YouTube.
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  41.  @flaviusjustinianus  It probably has more to do with these scammers not learning how to speak German. English speakers are just a bigger market. It only takes one hack to get your information.
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  42. #1 in intellectual property theft
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  43. ​ @doyouwanttogivemelekiss3097  What crime did he commit?
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  44.  @jamm8284  It's a stretch to claim that Apple is giving US subsidies to manufacture in China because California pays to set up massive headquarters in the Bay Area to work on engineering and marketing.
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  45. I mostly watch for the stories on rap artists and wood nymphs.
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  46. The guy who called Trump "Hit-ler" and a "Rap-ist" is his VP, while Trump's former VP says he is unfit for office. What is going on in America?
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  47. Risk tolerance, discretionary spending, age, etc. should change your decisions. Frankly, not everyone should be investing at all. If your income is low, education could be a better investment, while people with high debt could be better off paying down debt first.
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  48. ​​ @haben79  High interests on a small principle is still affordable. I imagine the bonds sold to hedge funds were relatively small.
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  49. This still my favorite channel about rap and one of my favorite channels about finance.
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  50.  @johnsmith1474  It's a joke. Keep your prejudices to yourself.
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  51. It also goes to technological developments like jet engines, GPS, and the internet.
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  52. @sararichardson737  Grand Theft Auto. In video games and movies, cars blow up easily. That is super rare in reality.
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  53. Apples and oranges. America isn't a developing country with stagflation.
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  54.  @Phantom-mk4kp  As long companies are paying taxes and the government maintains regulatory authority, the government already has something akin to equity.
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  55.  @throckwoddle  Now everyone is entitled to a new, expensive car? Not every poor person is an addict. Thanks to government assistance, which is removed from poverty measurements, the poor have access to disposable income.
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  56.  @reasonablespeculation3893  It is household income, so two America adults are compared to multi-generational African households.
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  57. Protectionism means lower quality products at a higher price.
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  58. The FED, like the government in general, is a net good, but that doesn't mean bad policy can't cause serious issues. Plus, do we really want to trust the likes of Trump or Biden with monetary policy?
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  59. Top notch sarcasm 👌
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  60. The US is actually a huge manufacturer. We just tend to make high value-added products with a few white collar workers and a lot of automation.
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  61. ​ @suntanironman "Half Donut"
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  62. China's economy wouldn't need to keep reawakening if President Pooh would stop smothering it with a pillow.
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  63. Turn off the video if they have shilled FTX, Masterworks, NFTs, or crypto at any point.
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  64.  @dragosmihai1001  Do you still believe in Jewish Space Lazers?
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  65.  @sararichardson737  You played too much GTA.
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  66. JPM Morgan wants more costly regulations on smaller competitors. There definitely isn't a conflict of interest there.
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  67. Rich Dad, Poor Dad is actually good for people with less than basic understanding of accounting principles. It is a shame everything else from him is actively harmful.
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  68. It does have value for people who didn't grow up with financial education from their parents. I have friends who didn't understand that rent is an expense, while a mortgage builds equity. I had another who didn't understand why he should invest his money in a 401k instead of a savings account. Rich Dad, Poor Dad is good at explaining basic accounting principles. Everything else from Kiyosaki is garbage.
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  69. It would still hurt your credit worthiness as cherry picking who you would default on still makes you seem like a risky country to loan money to.
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  70.  @antonmorozov5193  What are you talking about? How is buying a US treasury bond predatory? The US in this case isn't even the creditor!
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  71.  @reasonablespeculation3893  $94,800 is household income, so that typically means there are two adults bringing in an income. Deadbeat dads have resulted in single moms being the largest demographic of those requiring government help. Also, the "BS" number is from the Department of Labor and Statistics in 2022.
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  72.  @throckwoddle  You are completely missing my point. Poverty used to be a measure of how people's access food, shelter, and healthcare. Now, "poverty" is just a measure to how well off one is relative to everyone else. Even if Mike's income doubles, if Mike's neighbors' income triples, then by liberal logic, Mike is now poorer.
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  73.  @HH-le1vi  All it takes to change your beliefs is the chance to take power.
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  74. Ukraine has shown waging a war cost more than a strong deterrent. Putin would have thought twice about invading Ukraine if Europe wasn't constantly cutting their military budget and Biden didn't show cowardice by unconditionally surrendering to the Taliban.
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  75. Correlation vs. causation Billions of people being raised out of poverty have created labor completion that didn't use to exist. In addition, a growing population has squeezed the housing market in a finite space.
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  76. ​ @spudglynz  People assumed the bank wouldn't sell them a home that they couldn't afford as it would be a bad investment of the bank. Frankly, people trusted the institutions too much. Now we are smarter and only get advice from TikTok.😅
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  77. Is AI useful? Rule 34 will find a way.
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  78.  @pronoydutta614  The Indian politicians and law enforcement are taking kickbacks from the scammers, and the public doesn't seem to care when Westerners lose all their retirement money.
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  79.  @DAC936  Why about job sites or employers that get hacked? What about a new phone number I got that still gets spam calls within a day? This victim blaming is stupid. The Indian government needs to arrest the criminals, or the US needs to block all calls from India.
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  80. Intellectual property theft and dumping to drive competitors out of business isn't good economics. The West was just too weak willed to stand against China's unfair trade practices until it was too late.
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  81.  @Lewd_Fox  Every step in the supply chain is value adding. For example, getting iron ore from the ground gets a cheap commodity. Turning that iron ore into steel adds value. Turning that steel into an automobile adds value. American manufacturing doesn't make a lot of cheap crap that requires unskilled labor, like what is commonly made in China. US manufacturing is now dominated by college graduates (white collar) using advanced technology to make high-end goods like medical equipment, cars, air planes, and highly specialized technology.
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  82. That is like saying the government shouldn't have subsidized developing fracking technology and just have the government pay more for natural gas.
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  83.  @GaryGoals  If I were British or Australian, would the context of my statement change? Would it still sound like a self-serving joke if I was a citizen of a country that didn't benefit from the subsidies? Do your prejudices override your ability to do critical thinking?
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  84.  @lotuschamp7796  I never understood his obsession with gold and silver as his book's philosophy is supposed to be buying assets that produce income. A block of silver doesn't poop money like a house that can collect rent or a stock that collects dividends.
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  85. Not everyone can be as popular as TikTok stars who claim you can be a millionaire at 18 through crypto and NFTs.
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  86. Because the debate.
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  87. The issue is that China cheats with intellectual property theft, dumping, and currency manipulation. The West should continue to decouple from China until the Communist actually follow the WTO rules.
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  88. I simply won't put my money into something that sounds too good to be true. This is another example.
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  89. @RustOnWheels  I'm not saying car fires don't happen, but I have seen hundreds of wrecks, and they rarely result in fire. Cars, particularly those built this century, are designed to reduce the chance of car fires. Tesla's may be a different story.
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  90.  @nmeau  What no one talks about the Nordic model is the extreme use of illegal immigrants as labor who get low wages and none of the generous government benefits that they partly fund.
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  91. I can't tell if this is a joke or a serious MAGA belief.
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  92.  @Phantom-mk4kp  If they won't be making enough money to pay taxes, then what will equity do?
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  93.  @Phantom-mk4kp  Explain the value of equity in an unprofitable business that the government won't let be sold for parts? Is it about influence? The government already has an influence with the tax code and regulations.
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  94. Isreal was constantly rebelling from Rome because God wasn't a fan of the Pagan taxes.
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  95. Her dad did work for Goldman Sachs.
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  96. Short answer: No.
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  97. Trump's new plan is to get rid of income and payroll taxes, and just tariff our way to prosperity. Even people who are here for the rap content, know this is just bad economics.
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  98. Her dad worked at Goldman Sachs. Just saying.
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  99. Even Russia has better GDP growth thanks to weapons production. Maybe it is time for Britain to invade Ireland based on historical nonsense?
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  100.  @Mighty_Atheismo  The median household income is $74,580, according to the U.S. Census Bureau.
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  101.  @reasonablespeculation3893  According to March 2022 exchange rates, the average monthly pay in Africa is around 758 USD (US dollar). This is roughly ten times lower than typical incomes in the United States and the United Kingdom, which are 7,900 USD and 7,795 USD, respectively.
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  102.  @Stettafire  Both countries are struggling with food security
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  103. Russia's Slavic neighbors are choosing to side with the US, and China's entire coastline is surrounded by US allies. How has US Hegemony ended?
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  104. Considering how Trump and many Republicans idolize Putin, it wouldn't be unwise to invest in one's own national security.
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  105. US Hegemony after the Cold War has led to the most peaceful and economically prosperous time in world history. Other than Salafism and Irani proxies creating constant conflicts in the Middle East, every continent has seen significantly less war.
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  106. Because banks don't handle transactions, investing, and lending unless Asian manufacturing or African resource extraction is involved?
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  107. You are thinking of China's state banks
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  108.  @florencebaendes2853  African and Asian markets are the ones struggling and asking the IMF (aka the West) to bail them out. Unfortunately, Chinese predatory lending is operating as a roadblock to that support.
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  109. Trump doesn't know the Heritage Foundation, Jean Carroll, or Stormy Daniels. We should believe the cult leader even when photos and witnesses say otherwise.
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  110. Iraq and Libya weren't at peace before US involvement. Saddam went to war with Iran, Kuwait, the Kurds, and Shiite militias. Meanwhile, Gaddafi was bombing his citizens before NATO jets shot down the war criminals. If you think Hezbollah and Iran are naturally peaceful instead of scared of the US aircraft carriers, then you are seriously brain damaged.
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  111.  @weird-guy  That doesn't even make sense. If it wasn't for ideological reasons, Israel would have been dumped as an ally in the 1940s. It has been America's economic interests to appease these Muslim countries as the populations are larger and their resources are important to the global economy.
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  112. People who held onto their homes from before 2008 are still better off.
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  113. American publicly listed companies tend to outperform the market, while the Chinese stock market has very poor performance compared to the national GDP. This is because state dominated companies dominate the Chinese stock markets and the CCP management value poltical objectives over economic growth. This poor performance doesn't encourage a lot of investment.
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  114. Their attention span only last 60 seconds.
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  115. ​ @TonyTrupp Amendment 25?
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  116. Steel makers in China are state owned companies that can't lay people off to save cost, so the companies are inefficient and dependent on state subsidies. The Communists are pressuring state banks to give risky loans that aren't in the banks' interest to keep other state companies afloat. This is why state ownership of companies is problematic.
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  117.  @haben79  I thought Boyle said millions in interest payments?
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  118. Trump caused economic chaos and a boycott of American goods for Canada and Mexico to agree to do what they were already doing since last year.
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  119.  @Qwerty10254  Not so fast. The Modi government is willing to allow these scammers to operate. The police know where they are located, but bribes to the police allow them to continue to steal from elderly Americans undisturbed.
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  120.  @josh09614  They buy these phone numbers from hackers on the dark web. If I use my phone number as an identifier for a loyalty program and they get hacked by Russian or Chinese denizens, then my phone number can be bought from these Indian scammers.
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  121.  @yiyeungwong  Both countries have corrupt governments that profit off of criminality. Chinese hackers steal American personal information to sell to English-speaking scammers in India.
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  122.  @deka0014  Bull. No one is learning your language, and your people don't have enough money to be worth a scammers' time.
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  123. It had value for those who didn't understand basic accounting principles. I friends who grew up poor who didn't understand how rent was an expense, while a mortgage can build equity. His other books actually do more harm than good. His book on Network Marketing is used by scammers to get people stuck in pyramid schemes.
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  124. Chinese dumping and intellectual property theft have long-term consequences for the West that won't go away because of China's economic troubles.
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  125. Trump's understanding of economics is at a third grade level. When he listens to his advisors, things run smoothly, but as soon as his populists nonsense surfaces, we end up increasing the deficit or losing a trade war with China.
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  126. Tariffs only make sense as a way to punish countries for unfair tade policies such as Chinese dumping or currency manipulation, or they make sense for national security purposes such tarrifs that protect American defense industry from getting the best deal from hostile nations such as China steel. Countries like Mexico and Canada don't fit into these categories.
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  127. ​ @aaronjjacques Mexico is going to start letting migrants caravans across Mexico again and give counter tarrifs. Basically, hurt economic growth across North America for a poltical goal that will fail.
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  128. @johnridout6540  Universal tarrifs are harmful for the economy because they disrupt global supply chains, while targeted tarrifs towards unfair trade practices such as dumping is good for the domestic industries. Also, if the sanctions are designed to punish, then there are sanctions that harm the exporter more than the importer. Just look at Trump's trade war with China. Trump basically surrendered with a deal that only benefited China as Trump's universal tarriffs on mostly consumer goods were paid for by Americans, while Chinese targeted tarrifs on American farmers lead to the Chinese consumers to buy from other markets.
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  129.  @Lewd_Fox  You obviously have very little understanding of supply chains, value adding industries, and American manufacturing. It is okay that low skilled workers in China make cheap parts and low skilled workers in India make cheap medical ingredients. The high-skilled, complex steps of the manufacturing process take place in America. This step adds the most value, creates the most profit, and demand the highest salaries.
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  130.  @Lewd_Fox  Also, the cheap gloves and over the counter medicines in India isn't where the money is. America companies make things like MRIs and advance prescriptions.
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  131. The US Military's primary goal isn't to wage. The goal is to outclass any rivals, so they fear picking a fight with the US or it's allies. Why do you think Russia has yet to invade the Baltic countries and why China has yet to attack any nation that has denied their nine dash line?
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  132.  @tigerhawk667  Being a bad investor isn't criminal
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  133.  @jamm8284  The US government is paying Apple to set up businesses in China? It is a stretch that the US government pays Apple a tax reduction for building an Apple store in the US, but calling that a subsidy to China is nonsensical.
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  134.  @texasoilfields  Brexit f***ed over more than the UK. Because of language and culture ties, the UK was the perfect link to the economies of North America and the EU. There really hasn't been a good substitute.
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  135.  @bloom6081  The point of the book isn't instructions on to be rich. It uses antidotes to explain accounting principles to people with financial illiteracy. It is basic stuff for people who didn't come from money who don't understand that spending money on a nice car is a liability, while spending money on a crappy house builds equity.
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  136. MAGA isolationist are too short-sighted to see how harmful letting Russia, China, and Iran conquer our trade partners will be on the US economy.
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  137. New Strategy: Endorse Trump at the RNC and get a pardon. Or you can believe Amber Rose's crypto scams are unrelated.
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  138.  @vinnys7514  "Half Donut" is what Boyle called "The Plain Bagel" during a Coffeezilla interview.
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  139.  @tremarley9648  Coffeezilla says he is not a financial expert and he admits to outsourcing stuff outside of his wheelhouse during investigations.
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  140. MAGA voted for a felon who brags about not paying taxes. The issue with immigration is a racial issue using fake concerns about rule of law and taxes to hide their dog whistles.
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  141. Russia has a smaller economy than several US states. NATO doesn't even have to increase their budget by a large percentage to outclass Russia's struggling economy.
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  142.  @samsonsoturian6013  Stop pretending like Russia isn't poor when 20% of the population doesn't have access to a toilet with indoor plumbing.
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  143.  @samsonsoturian6013  Canada, Nordic countries, and Iceland all have indoor plumbing. Only Russia let's their people live like medieval serfs and Putin as his fellow oligarchs steal the nation's wealth.
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  144. Sanctions are easier
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  145.  @excalibro8365  Bringing up a century old grievances makes you seem like a clown. Since the creation of the EU, what European country (besides Russia) has tried to colonize anyone?
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  146. ​ @dragosmihai1001  You probably still believe MTG when she says Democrats control the weather
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  147. Trump didn't read any bills he signed. Does that mean he has no responsibility for the bills his people make on his behalf?
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  148. @ItalianJew  It's time-consuming. For Walmart, the accountant calls a store, and a bookkeeper gives the information. In the military, you will have to give your commanding officer contact another commanding officer to have the employee share the information. Meanwhile, the branches have different accounting standards, and they have digitized records at different rates. The audits get more accurate the further away the military gets from when they keep physical instead of digital documents. Honestly, social security and medical fraud are much bigger issues.
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  149. @mamaw4732  Can you honestly tell me that cutting most income taxes can result in a functioning government by 20%-60% tariffs?
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  150. I wouldn't call Coffeezilla a financial YouTuber. How Money Works is a better fit.
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  151. Ignorant Trumpers like to point at the labor participation rates as a solution, because they just believe it is bunch of welfare queens. In reality, it would be asking a bunch of college students, housewives, teenagers, and retirees to move to a company town to work in a factory.
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  152. ​ @RobertLutece909 Do you seriously still believe that people have the option to live off benefits instead of working? They put a time limit on welfare and unemployment back in the 90s.
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  153.  @FirstLast-rh9jw  You probably believe NASA is lying to us about the Earth being round and the climate is warming too quickly.
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