Comments by "gerhard7" (@gerhard7323) on "How to Survive the Coming Economic Disaster" video.

Economically speaking, this has been brewing since 2008. This is unfinished business. Massive, inevitable financial crisis was deferred back then and now we have over a decade of QE, covid and Ukraine to add into the toxic mix.
108
JR is an amazing and fascinating storyteller but that doesn't make him either right or wrong. Basically we're ALL at liberty to pick and choose what he says. Unfortunately there's always an element of the Life of Brian's crowd looking for the Messiah and ALL the right answers. Remember, 'we're ALL individuals'.😊
13
@grannyannie2948 The Gold/Nixon Shock definitely has a role to play here I'd agree and 2008 was an outcome of that. I'd also throw in Clinton's final repeal of the Glass-Steagall Act in 1999 separating speculative investment banking from workaday retail banking. An act specifically designed in the 1930s after the Wall St Crash to prevent what was coming coming down the road in 2008.
6
@UCLmyRcYSb2DsUzJ4EbgD3Tw They pretty much all are. You're usually either an heterodox educated guesser or a shill employed to confirm the existing narrative. 'Economics is like driving a car blindfolded whilst receiving directions from someone looking out the back window' is the best definition I've heard.
5
It's why I love economics. Nobody really knows anything. Still a fascinating guest though.
3
If you're looking for more economists then I thoroughly recommend Michael Hudson and Liam Halligan.
2
@goodyeoman4534 Part of the unwritten credo unfortunately. Banks are private in the good times and public in the bad for a reason. They are essentially dripfeeders of debt/credit into the economy under the auspices of the state. When it all goes t*ts it's essentially the state/establishment bailing out itself.
2