Comments by "Huwhite Cavebeast" (@huwhitecavebeast1972) on "David Lin " channel.

  1.  @quixomega  Well aren't you deluded.
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  2. "You can't let people fend for themselves, there will be riots." That was all I needed to hear to know this guy lives in a bubble. Done!
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  3. "the dollar is backed by the credit worthiness of the US treasury". Yeah David, that's nothing. The credit worthiness disappeared with the gold standard.
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  4. Is there anyone out there who thinks the unrealized gains tax wouldn't be expanded to the middle class??
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  5. Matthew is the best guest you have ever had. That guy is smart and no BS. He's as sharp as the highest level surgeons.
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  6. No, it's worse than that. 35$ = 1 ounce of gold in 1971 before we went off the gold standard. The minimum wage was 1.60/hr in 1971. That would be 110+dollars/hour now. That's how bad it is.
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  7. I really appreciate how Rick wants to see other people succeed.
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  8. While your example I think is true, there is definitely more to the situation than that. I can tell you in the midwest (I live in Ohio) a lot of young people feel the same, regardless of their employment or career. Unless their parents are buying a house for them, they can't afford one that isn't a run down POS. A lot of them can't even afford that, because houses worth 120k are going for 400k, and decent houses are all 500k+ and at today's interest rates, it is just unaffordable unless they make 200k+/year. I live in the most affluent suburb in my city (Columbus), I see the radical difference between people who live here and most other places, including other suburbs.
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  9. As an American I agree. But the US does have some still economic power, but it's more veiled. For example, they own Apple, one of the worlds biggest companies, and their products might be produced in foreign countries, but the lions share of the profits go to America. Really all the biggest corporations in the world are American. Look how ubiquitous Microsoft is world wide, and many other technological companies. To me, it seems America's deep state switched it's economic model to something they have not openly talked about. America still does a lot of innovation as well. The greatest worry in regards to American decline is the cultural and demographic decline. America used to be a source of brain drain for other countries, but now it's Marxist DEI, ESG policies are doing the opposite. They are weakening every US industry and institution. Instead of importing the best, it is a free for all at the border for the worst to come into the country. This demographic and cultural decline will undermine all the strongest and best elements of America. Its innovation, its military, its people, it's remaining freedom, and ultimately the economy as the economy rests on those things. It is intentional destruction of the US from a 5th column inside the US.
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  10. Hanke lost me when he went on trying to dissemble for illegals. Either way, foreign born people should NOT be first in line for jobs. The whole thing is beyond insulting.
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  11. well, people who make 150k+ aren't quite tapped out yet....maybe he was talking about them lol.
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  12. Gold isn't overbought. This is the kind of thing that happens when you rely too much on abstractions and lose touch with the physical.
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  13. Correction: Now it is 118.85/hour now (35/1.6 = 21.875 hrs to earn 1 oz of gold. Current gold price 2600/21.875 = 118.85).
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  14. Oh look, another case of TDS!
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  15. America is only 2% of China's exports? We are their largest trading partner last time I checked. Kind of hard to believe we are only 2%, that just doesn't sound right when I see the volume of stuff they sell here. The entire continent of Africa could not compare.
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  16. I wouldn't call Wolff a great thinker, a good BS artist maybe.
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  17. Sounds to me like you didn't understand him. What I heard was very clear.
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  18. Exactly, eliminating the electoral college would make all but the largest states irrelevant and their vote not counted.
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  19. We could improve social security by not allowing the government to keep appropriating it. It is like the post office, which has been the only agency of the government to ever turn a profit. Pensions for the postal employees were paid for 75 years in advance. 75 years!! But the morons in government seemed determined to sink the post office and make it an unprofitable service that people avoid like the plague. Social security is like that, benefits more than paid for but the government has been raiding it for decades. We need to hold the federal government accountable.
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  20. That 80 million rounds is a very low estimate. I think it is around a billion rounds. There are over 300 million firearms in America. You couldn't even load a 3rd of that with only 80 million. 80 million wouldn't even outfit every AR out there. And there are many, many citizens with tens of thousands of rounds.
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  21.  @TruthBeToldAlways100  Ad hominem nonsense.
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  22. Thank you, I make 6 figures and feel like I am just barely treading water and I don't even have kids (But do have costly pets).
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  23. Small hat detected.
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  24. I agree, the prices of most things has gone up 50% since 2020. My dogs food is an example, went from 80$/case to 120. But lots of things have gone up even more than that, some things over 100%. No way in hell is it only 11%.
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  25. No.
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  26. I was with Hanke until he said Venezuela should use GMO crops. Hell no, no country should be using those!
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  27. Decent and intelligent people are allergic to small hat BS
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  28. Ad blocker!
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  29. He clearly lives in a bubble. Instead of going to Europe he should have gone to Asia. I was done listening to him when he said "you can't let people fend for themselves".
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  30. Works fine for me, maybe it's your device.
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  31. Useless to have a discussion about sound money when you treat the government lies as if they were truth. You can only continue to be in error.
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  32. You watching CNBC is the problem.
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  33. Lol he def needs to fix his cam.
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  34. "The best way to destroy the bourgeoisie (middle class) is to grind them between the millstones of inflation and taxation." - Vladimir Lenin. Sound like what's going on right now, eh?
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  35. Pardon me, but I do believe I've heard this one before.
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  36. The fed won't lower rates for at least 2 years, and inflation will continue to be high.
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  37. Yeah, unless you are a gold bug you aren't effected by inflation. Yep, there's been no inflation whatsoever....those crazy gold bugs....
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  38. I really enjoy Doug, but he like so many others, so many financial experts, does not properly understand the Fed.
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  39. TRUMP 2024!!! UP YOUR A$$!
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  40. Gold as an alternative currency? It is was the THE currency up until the US went off the gold standard. Gold has been a great investment if go by dollars since say, the year 2000 or late 90s. But it isn't even an investment it is a store of value, and it is the only real currency. Everything else is based off of it. "Gold and silver are money. Everything else is credit." - J.P. Morgan. This guy is a dip$hit, he said quite a few very stupid things during this interview.
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  41. 5%? Well since the real rate of inflation is 15% you're only losing 10% of your purchasing power per year, what genius.
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  42.  @lova87able  In what respect?
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  43. And? How does that disprove what he said? The Chinese stock market is incredibly corrupt and even more rife with insider trading than the American stock market, which is saying something. The American stock market has been on a rip since 2010, doesn't mean much though. The economy in America is not good and inflation is high, but this won't show up in the stock market.
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  44. This guy speaks too much sense. He is spot on imo, I am now a fan.
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  45. Life is too short to ignore reality.
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  46. I felt like he was channeling his inner Beethoven. I can totally see him playing piano like a madman with that hair.
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  47. Oy vey stop noticing!
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  48. Is David r-tarded? He can't imagine how we banked before 1913??
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  49. I think you overestimate the impact of the BRICS. At least for now. BRICS countries have a lot of problems(not that the US doesn't) and don't have much mutual trust. I think if the US doesn't change it's ways the dollar will definitely lose it's dominance. It's been in steady decline since 1913. And I highly doubt the American government will change. The only thing that could change it is a highly destructive and murderous civil war. This guy was right about China's problems with innovation, India's backwardness economically, Brazil is in trouble since Lula took office, and South Africa....does anything even need to be said about South Africa?? I think you are one of the cheerleaders for the destruction of the US, but the end is not yet.
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  50.  @martinellis7156  You are right, it has not changed for the better, I can confidently say as an American. I think we will need to do some very unfortunate things to turn the situation around.
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