Comments by "DrScopeify" (@drscopeify) on "David Lin " channel.

  1. Very good interview, very enlightening
    6
  2. China has many deep and serious issues #1 The housing crisis that keeps hitting a pause but then resuming the downturn. #2 A lack of messaging from the Chinese Government, it is very silent and not forth coming. It almost appears dysfunctional. #3. Global rising interest rates and taxes are of course reducing spending dramatically and if the world enters a wave of recessions it could cut spending even further. #4 Rising costs and risks of doing business in China. So far the Chinese Government has not done much to counter this issue so it may not even want to perhaps?
    4
  3. No a country is not a company, it takes tax money which is not selling ANY product or service directly and re-distributes it to things no single person can do like build a highway, a new bridge, or fund industry like solar panels, so no governments are not companies. When you need help to buy food and the government gives out food stamps, it is not getting anything in reutrn so no it is not a company.
    4
  4. It is just a theory. Wake me up when a single country signs on to that. Anyone? Anyone? Crickets? hmmm
    3
  5. It's not that it will Crush the Dollar but that is how you recover from the bottom of the Business cycle, you lower rates = currancy falls = exports rise = GDP rises. This is economics playbook 101 here.
    3
  6. There are trillions of Dollars today that did not exist in 2019 so nothing is dying. It is a phantom fear due to the rate hike cycle and the good job the FED does in scaring people form spending their money at just the right amount of fear to hold back inflation. FED does amazing work.
    3
  7. Yellow has been a dying company for a decade just look at their financial numbers their profit was almost nothing and Unions demanded big pay increase so I guess the unions did it on purpose to get rid of a dying company and let their competitors eat up the market share. Unions do have interesting strategies sometimes how they target some companies to get rid of them and make roof for competitors always fascinating process. .
    2
  8. BRICS is a TOTAL joke because it's entire foundation depends on India and China buying resources from other BRICS members to produce goods to sell to the West. So if you are going to reduce the value of the EURO and DOLLAR now China and India no longer need the resources they planned to use BRICS currency to purchase!! You see the problem with BRICS? It's a cat chasing it's own tail. You only need it in order to make goods to sell to the west. China needs oil and resources if it is going to make goods for the west otherwise it has no use for those resources. It's all a silly game.
    2
  9. Ehhhh the bank can lend out the money with fractional banking but when a loan is created the bank gets massive interest payments with the high rates today and also of course has ownership claim over the asset so really the bank is fucking set. High interest is great for banks as long as customers can pay and so far default rates are pretty low.
    2
  10. Maybe a century? By 2200 maybe I could buy a sky scraper for a Nickel?
    2
  11. Well usually these things play out very slowly over years but refinance is a bit of a different creature so who knows? Maybe you are right.
    2
  12.  @Lukky_Luke  Well US inflation right now is mostly in housing and wage increase which is not dependent on imports. However the FED has mentioned risk of future inflation increase so that might be what they are talking about so time will tell.
    2
  13. They are all selling something. I sometimes take a peak on their website and then the AHHHAAA moment comes. The thing that really pisses me off is when they come on and say the SKY IS FALLING and then their website is selling things like hedging services or gold or whatever that is just soooooo cringe.
    2
  14. What fundamental signals recession for you?
    2
  15. Each country makes their own decisions that best serves them. India has many many tariffs for example, so maybe not sanctions but it for sure uses tariffs left and right.
    2
  16. He has great Passion, I think the USA should be communist and then you can experience what our life was like in Hungary during the USSR. Very existing!!! My parents were told what job to do they we had to share an apartment with another family. We had no freedom, no individualism, no rights, no security and our authority was dictated to us by the smart guys in gray suits because they bullied their way in to power. We had very little food and no luxury in life becasue no one has incentive to work hard as they don't get to benefit from working hard, life was great. I think we should have this in the USA. I am sure you will love it too.
    2
  17. First few minutes in and what is he jabbering about? 5:00 minute area #1 The money supply is still 5 trillion above 2019 levels 15.5 trillion to 20.5 trillion today. #2 Money supply contraction is simply people moving money in to TREASURIES. Hello???? Anybody home? Come one.... really? What is this????? Rates were rising and banks were unable to adjust leading to flight of money out of banks this is why banks saw flight of deposits but it is not like the Great Depression as banks adjusted and now they offer CDs with similar rates while Treasuries are overall on the short end of the yield curve. In addition the FED REPO market may also be counted in M2 money supply which was strategically drained in to Treasuries by the FED.
    2
  18. The problem here is the same game has already played out in 2011 as the price of Gold / Silver skyrocketed as people startled to accumulate excess wealth 3 years after 2008 but still worried about the economy they bought in, the same once again we are 3 years after a major event this time being COVID, 3 years later we get a potential Gold boom. However after 2011 spike in gold and sliver 2013 saw a major crash in values as confidence returned to the economy people sold off looking for better returns elsewhere and this potentially could play out once more, just a wild guess in 2026?
    2
  19. Yes Microsoft and Apple and Google have done a lot of killings. So many dead I cannot even count them anymore man. Can you help me count? I lost track now.
    1
  20. Nonsense, oil is up becasue the US economy is doing great, inflation down to 3.7% growth at over 2% FED is not making changes for now what more do you want? Of course oil is up. OPEC cutting production is just in balance with falling oil demand in China more than anything else.
    1
  21. Well it does just not directly. The FED has to balance the economy which means pain to day but growth and success in the future. If we had inflation go wild without raising rates then what? 50% inflation? 100%? Where does it end and what is the outcomes?
    1
  22.  @darrenstewart1568  Well all of that is for done for you. Government is to serve you. To defend you, to pay for your education and the road you drive on and the quality of air where you live, it's all for you man. You can scream about central bank and deficit but listen, do you want them to raise taxes on you to pay for it??? You wan to pay 50% tax? I don't want to.
    1
  23. The pipe was canceled to give railroad jobs to the union . Its the same stuff just what is better a pipe or rail jobs? Ehhh I can see both ways.
    1
  24. Yeah I went on his website that says everything lol.
    1
  25. They will be shitting bricks.
    1
  26. True that. The only thing missing is a fixed currency.
    1
  27. Yeah but a mildly flat tire might still get you to where you need to go no?
    1
  28. Keep in mind that a large part 7 trillion is intergovernmental debt like the 2.8 trillion Social Security cash stack that is all just hanging in Treasuries, maybe it would have been smarter to use the Governments 7 trillion cash as a Sovereign Wealth Fund rather then lock it all up in to Treasuries but it is what it is... So in the end it's 25 trillion excluding intergovernmental and of that a large chunk is the FED, it's not even close to 100% debt to GDP. Also the USA has low taxes I am paying 15% that is low you can raise my taxes to 20% and I will have no issues with that, still way lower than Europe by a far. The USA wants growth and higher GDP so taxes are left low but then you need to decide a good balance between national debt and tax rates
    1
  29. The west has the right to deny its technology from reaching China just like how China does the same to the west as well. The sanctions only just came in to power so the current generation of technology for sure will be easy for China to produce but the next generation that is probably the goal of the sanctions to prevent next generation and beyond of reaching China.
    1
  30.  @FreeSpeech4All  BRICS is a joke, why? because China and India are only buying resources from Russia, Brazil, South Africa and Saudi Arabia in order to use it to make goods to sell to the west, to the USA. So if they weaken the Dollar or impact us in the USA guess what? they no longer need the resources they are using the BRICS to buy.....
    1
  31. Well things are different in 08 the fire in the boiler ran out or got very weak today our fire in the boiler is raging like mad, its too big so we are like in an upside down 08. Maybe we are like going to 08 but backwards? I
    1
  32. Good point LOL
    1
  33. Wont they just raise their prices instead? AKA MORE INFLATION
    1
  34. I think 0%
    1
  35. Here you see 2 delusional people arguing about nothing. I was born in Hungary under the Soviet Union, you understand? These people talk when I lived it. Under Marx you lose your privacy, you have no individualism and no motivation to do anything other than what is needed to live another day. Do you think a person who despises life and gets little to nothing for his work other than food and a house and some clothing is a happy person? A person who will make the world a better place? No. Absolutely not. The only way Soviet Union did well was by closing off to the outside world so everything had to be done internally but life was miserable. Maybe some highly polished scientists working for Soviet Union lived a good life and people connected to power but 99% lived a very miserable life. Why did 1 million Russians flee to Israel why did 3 million Russians flee to America? Why? Because life as so good in the Soviet Union???? FOOLS
    1
  36. I grew up in the USSR in Hungary and my parents were told what job to do by order they we had to share an apartment with another family. We had no freedom, no individualism, no rights, no security and our authority was dictated to us by the smart guys because they bullied their way in to power. We had very little food and no luxury in life becasue no one has incentive to work hard as they don't get to benefit from working hard, life was great. I think we should have this in the USA. I am sure you will love it too.
    1
  37. Good the US needs to weaponize and start to kick some asses. Its good man.
    1
  38. Biden or Trump the policies are the same. Trump created 2 trillion dollars and Biden another 3 trillion. Both are going HAM on China so yeah they are about the same. Republicans and Democrats make a lot of noise but at the end of the day they the actions speak and they are the same.
    1
  39. ALL GOLD Standards in the last few hundred years have been FRACTIONAL. ALL Gold Standards have been PRICE FIXED. Bitcoin to become a new take on the Gold Reserve is a joke, a clown show, it will mean that EVERYONE that owns Bitcoin will get screwed over. The value will be FIXED,/PEGGED/mandated by Government, the holdings by the Government will be FRACTIONAL so they do not need much in the vault anyway. Look at the price of gold $20 in 1920 $40 in 1970s. It was Fractional and the price was Government Mandated. You want this future for Bitcoin????
    1
  40. US debt is becasue we have a low tax system I am paying 15% tax how much tax are you fucking paying??? Nothing right? 10% maybe?
    1
  41. Powell himself said that reducing hiring alone, and reducing open positions, is enough for the FED. He said it himself multiple times. The FED did not create unemployment in 2006 and 2007 when they played their cycle It was only the run away economy in 2008-2010 when US unemployment went crazy but there is no promise that is coming. Time will tell.
    1
  42. Why? US GDP is so far up over 2% this year, inflation is down to 3.7% what more do you want? Wages are now growing faster than inflation
    1
  43.  @suzieleach6036  The US public was handed 5 trillion dollars since COVID so even a recession is hard to come by and you guys want a depression??? How? The FED is trying to trigger a recession and so far nothing
    1
  44. It does not work like that. Right now the American people are sitting on a record 20.8 trillion in liquid cash when before COVID it was around 15.5 Trillion so a TON of money is going around and that 2% rate first of all only impacts people who take out loans and second it is very low at 2% when you have so much money in peoples pockets.
    1
  45.  @Bob-xt2kh  ?
    1
  46. The sanctions only just came in to power so the current generation of technology for sure will be easy for China to produce but the next generation that is probably the goal of the sanctions to prevent next generation and beyond of reaching China.
    1
  47. Good interview the best one yet. His views are solid except perhaps he is not counting that housing is 40% of CPI and that may fall pretty hard this winter and will counter the impact of oil prices. Overall the FED is no rushing anywhere they are WELL aware of the 1973-1974 mistake and the 1980s mistake as well so they will be slow to move but like he predicts that could play out in the stock markets differently then how we might think it will.
    1
  48. Trump did it to himself and anyway he printed 2 trillion dollars and Biden another 3 trillion so is there a difference between them? Not in my view.
    1
  49. Oh man these bears are just strange people
    1
  50.  @soberanisfam1323  Good point
    1