Comments by "John L." (@johnl.7754) on "Heresy Financial" channel.

  1. A good indicator of before people are leaving is when a country stop getting educated/rich immigrants to come to the country.
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  2. The politicians will always push the problem to the future since they want to get reelected in next few years.
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  3. “At the end of June 2020, Russia held $128.5 billion in gold, representing 22.9% of Moscow's total international reserves — and almost $4 billion more than the value of U.S. dollars in its reserves.Jan 12, 2021”
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  4. This is a game of generational musical chairs that was started when social security was under funded or over spent. Hopefully I will be dead before the music stops.
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  5. Gold standard will only happen after hyperinflation since both the politicians on the right and left have special interests or specific projects they need to spend money toward.
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  6. Having the reserve currency is undervalued until you lose it.
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  7. The problem is what is best for the wealthy and brightest might not be what is best for the average person especially in the age of globalization. It used to be that the genius of one country will come up with a great idea and manufacture/develop that person where he lives. Today that person will more likely manufacture and hire the most of the workers in another country whose government is not better but can offer you much cheaper workers and regulations.
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  8. Unless the government has a lot of Bitcoin stashed away somewhere it should not care. But maybe it thinks of gold as a bigger risk to currency since many more people have it and because those in charge are older so have not caught on yet.
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  9. Watching YouTube historical documentaries (1920’s, 1970’s....) is how you realize how much inflation impacts you over time.
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  10. Fellow Africans made captured/defeated Africans slaves. I have more sympathy for native Americans.
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  11. also a lot of boomers getting very old
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  12. Today with the dollar rising a bit and not really trusting the silver rally sold half my silver share but looking to get back once dollar reverses and silver calms down.
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  13. I’ve never wanted to get a job more then now....in order to to get real estate loan
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  14. All this spending is also making emerging market countries richer since they are manufacturing and mining much of the stuff people buy.
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  15.  @55dionysus  yeah it’s a hidden tax. You can educate them on what’s happening but at that age everyone including me someday will be super risk adverse
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  16. He drank the Tesla tequila
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  17. Yeah the rich around the world have more in common today with the other global wealthy then their fellow countryman
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  18. But if hyperinflation turns economy into depression and most people can’t/won’t spend and government can’t print more (fear of further increase of inflation) then wouldn’t asset prices (stocks, housing ....) fall?
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  19. Will not go insolvent before the Dollar is depreciated and new debt is issued under a different currency or asset.
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  20.  @oscarmike4596  I’m retired with a pretty good net worth.
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  21. Maybe Carlos Ghosn should have found someplace else to hide.
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  22. Any website recommendations for research on active management etfs in general? I’ve mostly used etfdb.com for normal etfs.
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  23. and also the elderly
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  24.  @lanebullger  Nope but 75 & 85 year old parents with a lot of savings in cash/cd….can’t push them since risk adverse at this age
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  25. The winklevoss twins is one reason not to buy bitcoins:-)
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  26. vanscoyoc because it’s been like this for generations and most people are more focused on sports/tik tok/Facebook....
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  27. It’s not efficient or easy to manage hundreds of single family homes. Your rates of return is also much much lower.
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  28. Too bad the spams on his channel increased as well
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  29. Well according to governments CPI time for you to switch to Chicken for dinner so that you don’t feel inflation.
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  30. Government shouldn’t pay farmers not to farm and instead grow trees.
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  31. I’ll join the new channel
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  32. youfee rich as the video states the treasury bonds can always be paid (since in own currency). It is the dollar that might drop in value for everyone. The main saving grace is that there is no better alternative currency yet to challenge it.
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  33. With the power banks have on politicians I’m sure they will still be involved just like Health Care still involved the insurance and other parts of medical industry.
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  34. Would partisan disagreement over how to spend the money stop the QE and money printing?
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  35. Possible but it would depend on many other variables like how much money has other countries printed, world economy.....
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  36. I’m retired but want to get a job only in order to get a real estate loan :-)
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  37. Not going to happen because those politicians will get voted out of office for the shitty economic downturn even if for the longer term good.
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  38. Should reits go up? What else?
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  39. I’m targeting the Big Gold Royalty Miners like FNV, WPM, RGLD, OR, SAND
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  40. What if most of the other major countries does the same thing (printing money)?
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  41. Sunblocks are like the Fed unhealthy long term but trying to keep you from getting burned short term :-).
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  42. Surprisingly the number one gold mining country is China
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  43. Maybe with most major countries also heavily in debt maybe it doesn’t matter much anymore unless investors start running toward an alternative currency like gold or bitcoin which the governments can outlaw.
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  44. What will happen to gold if the stock market crashes under your scenario?
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  45. but didn’t see dollar rise much....maybe gold traders and fx traders are thinking differently.
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  46. Yes but it depends on what position your in some will gain (like whom ever gets the extra subsidy like some businesses/workers, unemployed, ....) while most that just get the $6600 will lose.
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  47. It’s pushing many problems until after the elections being the 2020 president is looking less and less appealing.
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  48. Or might limit you to banking without access to branches.
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  49. vanscoyoc it’s the opposite stealing from the grand kids crib
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  50. He should be worried about the Tesla flame 🔥 thrower
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