Comments by "Errror42" (@nietur) on "Heresy Financial" channel.

  1. think for yourself government spending is a part of GDP
    15
  2. So true, schools, roads, law enforcement - completely unproductive! such drain on wealth
    7
  3. Cuts in spending first of all means higher unemployment. That's recessionary.
    6
  4. yeah abuse of power of setting SAFETY REGULATIONS
    5
  5. please instead of inflation, look at the index as long as there's no deflation, the index only goes up
    5
  6. 1: The assumption that the market goes up in the longterm is quite... reasonable. 2: Still important to understand that if you see a news, it's priced in. 3: Wrong, passive investing still works if the majority passively invests.
    5
  7.  @winterwolf3659  What?? Government SPENDING is part of the GDP. If it spends less, the GDP shrinks.
    5
  8. Seniors literally have the right to vote.
    4
  9.  @talisikid1618  Gold literally isn't fiat. It's not that hard of a concept to grasp. The Roman empire put less gold in their coins.
    4
  10. Why not tax assets rather than work?
    3
  11. Do you know what hyperinflation means? Go on and short TLT or buy far otm gold leaps then. Hyperinflation won't happen, can't happen. The recession was done in 2022 because there was GDP growth since then, not a single one with a negative growth. If you're referencing to an other as important economic indicator that kept being as bad since then, please share.
    3
  12. yeah, he should've explained that part of the idea of Trump which is just horrible
    2
  13. remember that bitcoin is fiat
    2
  14. + lower interest rates help the economy
    2
  15.  @AllNighterHeider  Yes, they're more efficient. No, that's not the reason. Private companies will try to reduce costs as much as possible, meaning delivering the worst necessary quality. Private companies would rather build bad roads that they have to repair later.
    2
  16. Definitely not if you knew anything about the economics
    2
  17. Consumer Staples, commodities, inflation indexed bonds, short TLT, companies with lots of debt, also take on debt yourself :p
    2
  18. ez 100% tariff on everything, I'm sure that won't have any bad side effects and it'll stay 4 trillion imports
    2
  19. From a purely economic standpoint, people like to be healthy, therefore healthcare provides enormous wealth creation... You say retirees living longer and being healthier isn't valuable? Like bro, what you saying? Just say "The healthcare spending is heavily disproportionate focused on the last years of life which is unfair to young people carrying the load but receiving little from the whole spending. It should also focus on healthspan and cost-efficiency rather than longevity"
    1
  20. ??? yes they do, that's why they have to pay property taxes
    1
  21.  @hi-if7lj  Taxing once or several times doesn't matter if it's the same sum.
    1
  22. @ace9840 that's a very weird way to think just take real gdp growth
    1
  23. A car and house from 50 years ago are not the same as today. And you won't need an even bigger SUV, a subscription to a self-driving car service will be enough.
    1
  24. Flow of money doesn't generate wealth. What's the goal in what you say? It's usually raising or decreasing the interest rate, so doing both doesn't make sense. If you mean the state has a higher deficit financed by QE: Yeah, instead of inflation, people and companies with debt would foot the bill. And US bonds would go down in price while the Fed would try to buy them. New US bonds would give more money out, so all other lenders would have to pay for that, too...
    1
  25.  @Lolatyou332  you're both right
    1
  26.  @itskaliko  if they're not fairly priced
    1
  27. 10:06 You believe that everyone would have more if the state just cuts funding. But actually, there would be huge unemployment and worse state services. There couldn't be an immediate increase of overall wealth, people couldn't spend more as there aren't more goods. Yes, an economic shock and unemployment would lead to business opportunities... If the state did cut spending that is completely unproductive, even without decreasing any taxes, that alone would increase overall wealth. That's a no-brainer.
    1
  28. USA would only print more for payments of new debt. What about the companies, just ignore them?
    1
  29. You're saying government jobs don't create value but that some should exist. So just following what you say, you want jobs to exist that create no value. 🤣 By definition, they do contribute to the economy. It's in the GDP, literally econ 101. And the value created could be more than what's balanced.
    1
  30. that's a very small part of state spending
    1
  31. Marketing is not a feature of the currency / fiat. It would be the same without fiat money.
    1
  32. Everyone is NOT buying passively. The active side is big enough so that people can piggyback off the active side. Broad market ETFs, not niche ETFs, remain the best investment long-term.
    1
  33. nope
    1
  34. The US economy expanded an annualized 2.8% in Q2, up from 1.4% in Q1.
    1
  35.  @K.R.98  No, the debt is definitely not why they don't thrive and they are definitely not in a better shape than before.
    1
  36.  @toddjohnson271  bs
    1
  37. yes it is his reasoning probably is that the real interest rate you'll get will be negative
    1
  38. if inflation goes up as much as the interest rate, the real interest rate didn't change, could be worse
    1
  39. that's printing
    1
  40. Please just look it up: Taxes can't possibly make up for it. Plus: It's not other countries who pay tariffs, it's US-consumers.
    1
  41. Your stance on government jobs is just wrong. They obviously create wealth.
    1
  42. indeed
    1
  43.  @shadowsmirk  you're not making sense You could only buy and hold. Businesses couldn't buy from other businesses.
    1
  44. "What about teachers, firemen, police, wastewater treatment plant operators, government workers that keep things organized and clean, and on and on. These do not create profit but are completely necessary to maintain an organized, efficient and healthy community." No, it's not a debt or inflation. Only if financed by a deficit and that doesn't lead to inflation 1:1.
    1
  45. higher wages, more expensive consumption, nothing improved
    1
  46. you get about the same outcome with a progressive income tax
    1
  47.  @305Nick  People like other things than low income taxes: Housing, work, state services. Taxes support all three.
    1
  48. horrible idea...
    1
  49. not possible
    1
  50. CPI is the debasement. You can look at core cpi, individual inflation rate or asset inflation but what are you using here?
    1