Youtube comments of Ade M (@adem5762).
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It is, as it has always been. BOOM and BUST.
That is one thing about Macro Economics.....as NIGHT follows DAY, so does BOOM and BUST.
You just got to learn to live with it. Stocks, property prices, it is cyclic.
If you think its NOT gonna BOOM and then go BUST... you are kidding yourself.
Property prices, and Stocks are ALL inflated like never before. BOOM time is over....now its time for BUST.
The US stock exchange is catastrophic.
Top 100 companies on the US stock Exchange are stumbling along at 5% growth. The astronomic high numbers and performance come from 6 companies, Apple, Tesla, Meta, Alphabet etc....they make the numbers look good, but the rest of the stocks are near trash. NASDAQ, Fitch etc, they only count the top 6 companies and ignore the rest.
The inflation is real, in the stock market and property prices.
You dont get to print money on the scale of the US treasury and NOT have consequencies. The US Govt has the economic governance and competence of a South American distatorship driving the economy on to the rocks.
Yet you get these simpletons that say, - 'There is no housing crash, you been saying that for 2 years', or they bury their heads in the sand and deny gravity. What goes up MUST come down..
They have never lived through Boom and Bust....
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Such a lightweight RJ.
The US banking sector is full of dead weight, Powell is doing the correct thing, letting the losing banks collapse before they bring down the ENTIRE US Banking Sector.
this year, it will be carnage for small and medium Us banks, MANY will go to the wall. SVB and First Republic were the first many more will follow.
Even 2 of the 4 big US banks are in Trouble, Citigroup and Morgan Stanley are wailing becasue they cannot meet the 20% deposit rates mandatory to prevent bank runs. They have even threatened to sue the FED...which is laughable.
The entire US banking system NEVER learned from the GFC. After 2009 they went right back to where they left off, and LEARNED NOTHING.
In the EU the GFC was a wake up call, tighter regulation forced banks to be more resilient. the whole UK nbanking sector cut back on los making areas of their business. Over 80% of branches closed, insurance sectors were sold off as were small regional banks.
The last time I used a cheque was in 2010, all banking is done online or by phone app. No money orders, no checks, just tele bankng.
What happened in the EU in 2009 is going to happen in the US in 2024-2025. Only the Us will get hit harder than any other country.
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They have conviently forgotten to add that China brokered a peace deal with Saudi Arabia and Iran. Who cares says the western press - Trump is being indicted.
All Saudi and Iran oil WILL GO TO China and will NOT be paid in USD, but Yuan. It is too late. the USD is NO LONGER the global reserve currency, it is the Yuan.
The countries signing up to BRICS are Saudi, Bahrain, UAE, Mexico, Turkey, Phillipines..... These countries are using the NEW BRICS bank and bypassing the IMF and World Bank.
No matter what embargo the US and West tries to impose - it has ZERO effect. The oil will flow from Iran to China unimpeded.
US sanctions are meaningless babble.
What is NOT readily apparent is the huge US made military stockpile in Saudi arabia, that will soon be used by Iran and probably Russia.
Patriot missiles, Abrams Tanks, and a 20 squadrons of F-15's.
No surprise Israel is shi-tting BRICS....
BRICS is buying up all the Gold and Silver, and you have these YouTube pundits saying get into Gold and Silver....but there is NONE to buy.
You do not hear about China unloading 500 Billion in USD bonds.....that has finished the small US banks and the US economy.
All you get is imbecile Trump in the news as a distraction.
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Who is Peter Schiff anyway? Oh yes, just a minor economist in a small asset management company. ITs not like he is in Blackrock Inc, Vanguard, or State street the 3 Asset managment companies that control 88% of of the S&P 500...
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But Schiff is is only stating the facts as they occur now. He is not evaluating future US economic strategy. He is correct, the US property bubble must burst completely, coming down 60%. For that to happen the US GOvt need mass unemployment to drive down wages.
What you guys in the US cant figure out is - ir is a strategy that begun in 2010. It was not Trumps idea to bring manufacturing back into the US,,,that imbecile cannot tie his own shoe laces .
It is US govt strategy, and that is the civil servants in Washington, not the RED or BLUE morons.
There is going to be a future struggle between East and West, it is NOT military, it is Economic.
The dollar is unlikely to be tha reserve currency, it will NEVER be the Yuan. To be a reserve currency you need transparency, the Chinese like opacity.
The BRICS Gold backed Development Bank will just be a Con like the transparency of the Chinese economy.
What IS Washingtons complete nightmare is the US imploding. When you have mass unemployment, hungry poor, homeless people (they were the middle class 6 months before) and guns...lots of guns.
That is the nightmare in the US, where cities will BURN.
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