I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 175K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities
@AllisonSherman7
Жыл бұрын
Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again
@MaryTongx
Жыл бұрын
@@AllisonSherman7 Hi , please who is the expert assisting you and how do I reach out to them?
@AllisonSherman7
Жыл бұрын
@@MaryTongx The broker I'm in touch with is *ASHLEY AIRAGAHI . I came across her in a Bloomberg interview and got in touch with her. You can use something else. For me, her strategy works hence my result. She provides entry and exit point for the securities I focus on
@MaryTongx
Жыл бұрын
@@AllisonSherman7 Thanks for sharing, I just looked her up online and I would say she really does have an impressive background on investing
@davemusso625
Жыл бұрын
#buySilver, KISS, Keep it Simple Stupid
@adamalker71
Жыл бұрын
I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year... Investment should always be on any creative man's heart for success in life.
@tryleraaron9244
Жыл бұрын
I agree with you and believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don't know who agrees with me but either way I recommend real estate or crypto and stocks.
@adamdouglas9888
Жыл бұрын
Yeah!! It would be more beneficial and yield more profit if you actually trade on cryptocurrency, I've been trading since the dip, I've made so much profit trading.
@findingpath8362
Жыл бұрын
I am interested to know more and invest in Crypto please
@robertgreg6009
Жыл бұрын
trading is easier with proper guidance, especially from a professional, Newbies who are not aware of how crypto truly works and wish to make profits from it, I would advise to invest with a professional like Fergus waylen, It helps secure and minimize the possibilities of losses.
@georgebasonathan4784
Жыл бұрын
I'm honestly surprised that this name is being mentioned here, I stumbled upon one of his clients testimony last week in CNBC world news
@jasongrig
Жыл бұрын
Jack bringing high level guests again. Not just fintwit
@Julian-pj2zi
Жыл бұрын
Great interview Jack! Forward Guidance is crushing it at the moment, such brilliant guests. Nice to hear someone other than Jeff Snider (who I'm a big fan of) talk about these critical topics such as shadow banking and the eurodollar system.
@davidanalyst671
Жыл бұрын
jeff snyders videos are always so depressing 20 minutes of depressing news read by an angsty man really brings you down.
@kevinmaillet1861
Жыл бұрын
Great interview Jack! It was funny that Professor Mehrling seemed surprised about how much you understand the ED system. I don't think he knows how much you've talked with Jeff Snider, Brent Johnson, Mike Green, Joseph Wang, etc. Bravo!
@laro802
Жыл бұрын
Yeah, it reminds me of the bar scene in Good Will Hunting "you dropped 150 grand on an education you could have learned by paying $1.50 in late fees at the public library". Thanks KZitem and gang.
@szymonbaranowski8184
Жыл бұрын
@@laro802 only for public books and only these on first shelves lots of knowledge is blocked by algorithm and Google censorship filter these days it's even hard to find what you know what you look for
@ohsweetmystery
Жыл бұрын
@@szymonbaranowski8184 It is difficult now. I have searched for articles by their exact title and they do not appear on Google or Bing, at least not on the first couple of pages. Bing is actually even more censored than Google.
@heldenby
Жыл бұрын
"We don't have gold anymore" Breaking news - "YES WE DO!"
@anonymousAJ
Жыл бұрын
29:30 The international monetary system seems very stable today Famous last words
@sergiysanin4767
Жыл бұрын
I regret dislike count is disabled by youtube
@Houthiandtheblowfish
Жыл бұрын
it is morally wrong
@ClyDIley
Жыл бұрын
@@Houthiandtheblowfishwait huh? Disabling the dislike count is wrong? Or enabling the dislike count to be seen by the public is wrong?
@Houthiandtheblowfish
Жыл бұрын
@@ClyDIley yep in evolutionary terms you are hiding truth to judge you
@margator1036
Жыл бұрын
I think Michael Maloney got the definitions right gold and silver are money. The dollar, the Euro, the pound, etc are currencies. Fiat currencies. Currencies and money not the same thing.
@tonysu8860
Жыл бұрын
Money is broadly the intermediate medium that retains the value of a transaction. Currency is a form of money that can be exchanged or used in a transaction but there are many other financial instruments that could hold value as well.
@josehawking5293
Жыл бұрын
100%except for stagflation which was caused primarily by shortages of oil.
@jimmyolsenblues
Жыл бұрын
This is a fantastic explanation of internal bank mechanics that I am not privy to. Thank you for posting.
@michael2275
Жыл бұрын
Sorry, but I won't hold dollars long term and be debased at the will of a small committee of people. Gold and bitcoin are much better.
@futonfave
Жыл бұрын
I am not so sold on this guy and his thoughts. The French wanted their gold back in 1970 and Nixon knew that he had to close the gold window. Paper fiat and credit expanded until we have the mess we have today.
@Julian-pj2zi
Жыл бұрын
But he's correct, the gold standard ended half a century before 1971. And the inflation of the 70s actually started in the mid 60s because of the expanding eurodollar system. Nothing to do with events in 1971, the gold standard was long gone before then.
@tinashenyamunda8388
Жыл бұрын
I agree with your observations and disagree with Mehrling. If anything, Nixon saved the role of the dollar as a global key currency by suspending convertibility to gold in 1971. I also disagree that the US was reluctant to have the dollar take up this role. They enthusiastically took it up because of the benefits to be accrued from this role. I also disagree with his point that the global dollar system was constructed by private capital, and state involvement was limited. Bretton Woods was the state being directly involved in creating this role for the US.
@asudbury817
Жыл бұрын
"The system is holding together" . Yeah OK - not much credibility here when he confuses inflation with prices vs the supply of money
@davidanalyst671
Жыл бұрын
Perry refused to answer so many questions my head is spinning, but shoutout to jack for asking at the very end "what are we missing"
@F_C...
Жыл бұрын
Yeah I felt like he gave few answers and just a bunch of history lessons. You'd expect someone with such a level of knowledge to be able to apply it to today but he just kind of defaulted to teaching. I guess that's why he's a professor.
@tonysu8860
Жыл бұрын
Hey, good comment! I also found a lot of answers were a bunch of vague bull and I'm glad to see someone else who doesn't let people get away with that kind of stuff.
@TheZimmermanWB
Жыл бұрын
This guy don't understand what he is talking about
@Motoguy94
Жыл бұрын
He sure thinks he does though.
@rpbajb
Жыл бұрын
Like many economists, he lives in a world of theories and equations.
@jamesderoc6717
Жыл бұрын
good interview being a bit conspiratorial by nature i find it hard to believe in the organic origins of the dollar system
@brothergod6633
Жыл бұрын
Kindleburger has done some Spook work.
@Josh-xe5vi
Жыл бұрын
Spoken like a true Cantillonaire.
@richardmayger2716
Жыл бұрын
Quick send the Fed more chewing gum and duck tape
@peacefulprepper2402
Жыл бұрын
Please try to get him on more. Outstanding interview. Brilliant and yet common sense.
@brandonbaker5884
Жыл бұрын
Gold is money everything else is credit, JP Mirgan
@gordanaginamihajlovska6125
Жыл бұрын
What countries are ok with the US being the lender of last resort?
@margator1036
Жыл бұрын
Fiat currencies always fail as a store of value, one of the requirements to be called money.
@tonysu8860
Жыл бұрын
Try taking your gold pebbles to the corner store and pay for a wad of chewing gum. Now, hand over a dollar bill and see if you can't get in and out of that store a lot faster.
@infamoussnyc3761
Жыл бұрын
There is no such thing as "lender of last resort" when you're "lending" the air.
@HubertGeorge
Жыл бұрын
When the intro plays I imagine Jack dancing to it in a really goofy manner with his serious face intact.
@artkidolee2162
Жыл бұрын
As if other countries can’t grow a system or currency like dollar.
@tonysu8860
Жыл бұрын
They could... But wouldn't be competitive unless they could present at least a case for using the alternative instead of the Dollar. And that's the rub for countries like Russia, China or even a consortium of countries like BRIX. Anyone can choose to settle their transaction using anything including something other than the Dollar but when it then come to using their pile of alternative to buy from someone else, that alternative might be refused. Only the Dollar has recognition and acceptance even in the far reaches of undeveloped countries where even the native currency might not hold value.
@JahBreadTV
Жыл бұрын
How is “who wants to take that responsibility” not a continuation of Kipling’s “White Man’s Burden?” 20:25
@getlost4567
Жыл бұрын
There are some points which were not mentioned but highly relevant. Gold is a traditional store of wealth and when nixon took the USD off the gold standard, they struck a deal with the saudis to anchor the USD with the oil of which they were the biggest suppliers. So, a gold back dollar was replaced by the petro dollar. The way the US govt has been printing or generating dollars at full speed, it is but natural to assume that the fiat currency is not worth what it is claimed to be. China has tried to bring saudis and iran to the negotiating table so that the saudis wont need protection from the US and hence can decouple the USD from oil i.e the petro dollar will not exist. Then the core of the hierarchy will break down. I am not sure what the replacement will be, but it will land the US in the same situation when george soros broke the bank of england in 1980. Ray dalio has said something similar -but for reasons different from what I have written above.
@mandolorian25
Жыл бұрын
It’s amazing how he calls the BRICS “the periphery” with every major civilizational turn the periphery is what takes over. At one time Western Europe was considered the periphery. Academic cluelessness… this is a textbook example
@tonysu8860
Жыл бұрын
Anyone can cherry pick a point in history. Like a broken clock that is right twice a day, some day the Dollar won't dominate global finances but if you don't set a date when that will happen, no one can fairly evaluate your suggestion.
@thomasherrin6798
Жыл бұрын
No BRICS country is stable enough to handle the reserve World currency, and as a group would be unlikely to agree to a better system than the US and say Europe, it's a non starter, all the BRICS countries have high levels of corruption!?!
@dankurth4232
Жыл бұрын
For the time being all convertible currencies are just somewhat volatile different denominations of „Dollar“. Thus the Dollar still is THE currency and then the anchor of all these currencies, which are just Dollars in disguise. But of course the question remains: what is the anchor of the Dollar? The actual answer is: the anchor of the Dollar is the military and economic power of the US. But this answer - albeit correct for now - suffers from the unpredictability of how these powers will develop or if they will even last. After some back and forth there is only one predictable and historically confirmed anchor of the anchor of (most of) all currencies, namely gold, for the very simple reason that it is rather invariable and in particular not significantly multipliable. This relation between gold and any potential world reserve currency holds for the Dollar and would hold for any currency which in the future ever may or not may dethrone the Dollar
@agarsunil18
Жыл бұрын
I have been watching Dr. Perry Mehrling for quite some time. I really respect his original thesis about the eurodollar market. However, in this interview, he seems to be a bit dithering in this conviction around the stability of the system. He has floated the binary of core and periphery to uphold his thesis. He acknowledges the problem at the periphery but does not do the same at the core level. Secondly, he is undermining the geopolitics of the game. Anyhow, his dithering also carries a message if one can read it.
@tinashenyamunda8388
Жыл бұрын
I think I follow, but could you elaborate on what message Mehrling's dithering might be carrying. I will appreciate your perspectives on this.
@845Mario
Жыл бұрын
It is a pity the weaponisation of the dollar system was brought up in the discussion. In a way, it is as if the USA were forcing some (many) countries who do not want to abide by the US rules, to invent an alternative system, which is all the more logical as the USA do not have any longer the economic and political clout they had in the 70's.
@tonysu8860
Жыл бұрын
The weaponization of the Dollar is mainly as a tool to enforce sanctions and punish those who violate International law, like invading other countries for the purpose of conquest and annexation or threats to kill and maim for selfish reasons that violate law. The Dollar is not weaponized for whimsical reasons like to disrespect by itself.
@Poochie1
Жыл бұрын
The way that Professor keeps on emphasizing that 2008 - 2009 was a global, but not an US financial crisis makes me laugh. The explanation of shadow banking sytem is poor, even wrong. Not much usefull content from this Professor. Lets be realistic: The GFC was born in the US, cooked up in the US, provided by an US Shadow Banking System that was totally unregulated and ignored by the FED and politics. To name UBS as the big shadow bank is total nonsene. Last but not least, he also ignores the huge trouble the US-Dollar and the US economy will face in the coming years. Sorry Jack, I have to downvote this.
@markhow3818
Жыл бұрын
Good interview. A blessed and not illogical reprieve from the Doom Porn. 🎉
@Redeemed_marine_69
Жыл бұрын
Doom porn? How about the nothing bad will ever happen ever porn? Haha just kidding but makes it really difficult to actually be prepared for something that routinely happens in history to a genocidal degree when half the family is spanking it to that channel.
@DonRua
Жыл бұрын
A young man submitted to Kissinger to apply Triffin’s as long as they RECYLE the surpluses from trading partners. US did give up some manufacturing, but 70% of their surpluses came back to the US debt and equity market. That young man was Paul Vocker.
@keithcastleberry3224
Жыл бұрын
There are always outside and unseen influences and surprises (and black swans) at play in every area of life. Theoretically, the professor may be right, but wise people prepare to be surprised. Diversify.
@sandymilne224
Жыл бұрын
Jack, you have to bring Jeff Snider on to eloquently explain the Euro Dollar System.
@anonymousAJ
Жыл бұрын
7:00 All banking systems require a lender of last resort Except full reserve deposits with maturity-matched lending, which is to say non-fraudulent banking
@logicomega7
Жыл бұрын
Academia gets it wrong again. The current reserve system absolutely will not hold or stay. No reserve currency lasts forever as history has shown. The migration process has started and eventually the dollar will NOT be the reserve currency. This is incredibly obvious.
@marsenault9683
Жыл бұрын
The infrastructure of the new back of the systems in front of everyones faces lol.....
@anonymousAJ
Жыл бұрын
5:30 You don't know what institutional structures you're going to need until you build something and it breaks here and you go "oh, I guess that wasn't as stable as I thought" Or you could listen to the Austrian school economists who were telling you exactly how it was going to break years in advance, because they understood the inherent instability of fractional reserves, fiat currency, and central bank manipulation of interest rates
@Palmer-gs3wz
9 ай бұрын
I cant seem to grasp or picture how or what do central banks do to maintain par 🤔🤔
@HailCaesar-lm4bq
Жыл бұрын
Raising interest rates today in an international economy damaged all small countries
@professork5634
Жыл бұрын
Cash is trash. Load up on crypto, gold and silver and love off the grid
@wildpett
Жыл бұрын
Under the gold standard you also have credit that can expand, but the final payment is always in gold. The credit can be in the form of real bills that spontaneously circulate as money --- because they mature into gold
@rohitkothari3890
Жыл бұрын
Good point
@nathanbuttigieg5999
Жыл бұрын
Yeah exactly. A ledger was used by banks for book keeping of transactions. If you're a bank in the US you could still do transactions with ledgers across countries (eg. UK) with a bank you trust (to also keep a true ledger). Then you're basically using IOU's as a way to transact with Gold or Silver as the collateral. This is basically creating credit while still being within a gold standard. Why would you send Gold to do cross country trade with each other if your balance of trade was the same? You could swap 10oz worth of gold goods to each other with pen entries and not physical gold. And if you were a UK bank doing transactions to a US bank and you're running a trade surplus you could use the excess to invest in US companies. Its still IOU's (credit) on a gold standard. Cash being transactable for Gold is the people's version of this too.
@tonysu8860
Жыл бұрын
Nah, ultimately every medium used as currency no matter if it's fiat or intrinsic always depends ultimately on the same requirements... trust, faith, stability, reliability and acceptance. Then there are secondary issues like the utility. No one wants to actually transport a medium physically from one place to another so you have financial instruments that represent the underlying currency medium. But that brief talk about credit in the video is a bit vague. I suspect he wasn't really talking about credit as an accounting term but as a financial instrument representing the gold or whatever else is supposed to be the actual medium used as a currency.
@juergenernst1320
Жыл бұрын
The US dollar isn't going to be replaced any time soon by any other Fiat currency, but the law of accelerating issuance and depreciation might well destroy it's value much faster than we expect. Alternative Fiats are not the solution because no economy is large enough to guarantee trust and liquidity and guarantees open markets as a prerequisite for a reserve currency. We're gonna have to go back to precious metals or the block chain.
@marsenault9683
Жыл бұрын
Look at what bricks is doing and DLT companies that are partnered with the BIS the IMF etc are doing they're creating an intermediary so that there would be a even playing field even playing field so that the president of Kenya said they can complete trade with Djibouti using each native currencies and don't need US dollars. There won't be any nation's currency as the dominating currency. The dollars days in that order our way closer to being over then I think most of you really realize. The Yuan Will never be The reserve currency because the Chinese wanted to be the reserve currency even less than we do it would create a capital flight out of their country amongst their billionaire millionaire classes. Infrastructure is laid out trade finance remittances etc all the. All the companies fenestra every one of them's all set up the whole rails or laid
@ds31579
Жыл бұрын
My guess this little school marm has lost his ass in Bitcoin ponzi schemes
@xrpkidotec520
Жыл бұрын
This guy's facts are likely wrong
@cosmothewonderdog8602
Жыл бұрын
So many experts. So little consensus.
@tinashenyamunda8388
Жыл бұрын
I think "experts" must always be quarantined in quotation marks!😊
@cosmothewonderdog8602
Жыл бұрын
@@tinashenyamunda8388 truth.
@mikeeasterwood9625
Жыл бұрын
Central Bankers MOSTLY UNDERSTAND?? Growing money Supply and shrinking it is totally insane!! EXPLAIN HOW THEW MOSTLY UNDERSTAND?
@tonysu8860
Жыл бұрын
Actually nothing I noticed in this video mentioned money supply management. It could even be said that this person doesn't understand MMT and his ideas are based on previous monetary and economic theories.
@mikeeasterwood9625
Жыл бұрын
@@tonysu8860 My question as well... MOSTLY UNDERSTAND?? I would think they SHOULD always understand?
@josehawking5293
Жыл бұрын
Fantastic video!🤔
@Sola_Scriptura_1.618
Жыл бұрын
All I hear is complete BS! Currency has never produced wealth, nor will it! Currency allows governments, politicians, and central banks to rob wealth from those who produce it, full stop! Money stores the value of the productivity produced and allows it to be used easily in exchange for other goods and services. I love listening to PHDs as so many are full of BS, this guy is no different. Fundamentals of economics do not change when discussing macro or micro, they are bound by the same laws. As the old saying goes, BS baffles brains!
@tonysu8860
Жыл бұрын
The accusation of China's debt based economy is that China has built the world's second largest collection of today's wealth by borrowing against the future. Ordinarily, this might not be such a bad thing but China's published data is inaccurate, unreliable and opaque. No one really knows the full extent of China's debt burden and when parts of it come due. There is little argument that for example China's national productivity in the goods it manufactures and its value is nowhere close to what the US and maybe even the EU produces so there is deep suspicion that China's wealth (liquid cash available to be used any way it wants) is not the product of hard work making valuable products but the result of financial manipulation that will collapse.
@Sola_Scriptura_1.618
Жыл бұрын
@Tony Su The Global Economy is a house of cards. It will all collapse, and he, with the Gold, will lead! You can analyze this 6 ways to Sunday; in the end, the only thing that matters is real wealth; all else is fake and means nothing!
@clydelouis5956
Жыл бұрын
Every time I listen to guys like this I have to listen to Peter Schiff and others like him to get opposing opinions. In the end I am not sure who is right but it's better to be safe than sorry.
@Redeemed_marine_69
Жыл бұрын
I’ll take the man with the number one fund in the world over a guy who looks like a classic case of career tenur
@poloelvira
Жыл бұрын
The BIS is 'purely technical'? Good grief, how disingenuous
@tonysu8860
Жыл бұрын
IMO there is a lot of misinformation or at least avoidance in this talk with Dr. Perry Mehrling. The stuff he does probably get right are the broad strokes and fundamentals of the use and how and why currency is generally valued which although he doesn't list should include such things as trust, reliability, stability, utility and acceptance of the currency which are all present in the global default Dollar but are rarely found for long in any other currency. In particular, the first surprising statement I heard was that Perry Mehrling stated that others and in particular someone or country in Europe can "create EuroDollars." After hearing that, I waited for an explanation how this can be accomplished and by whom but never heard a clear answer. I seriously doubt that there is any way anyone other than the US Treasury can create Dollars out of thin air and that includes any use of the Dollar including Eurodollars and Petrodollars. In fact, I could call it one of those assumed "givens" that no one but the country of origin should have any legal right to create new currency. That said, this American right to print Dollars is not exercised much because a country is always restrained by the perception that simply printing currency to have more of it rather than by earning is considered reckless and irresponsible, likely leading to loss of faith, trust and resulting in instability. This is why despite complaints of "American privilege owning the Dollar, the US is very careful how the Dollar is handled fully understanding the consequences if anyone across the world lost faith and trust in it. This also leads to the video's discussion about a "Lender of Last Resort." I'm not even sure why such a thing has any importance because except for those misfits that comprise BRICS and their trading partners that don't know how to manage their economies, there should never be a need to identify a "Lender of Last Resort." All healthy economies that can faithfully fulfill their debt obligations never need to identify any "Lender of Last Resort.." Although I didn't notice the video's discussion go heavily into management of economies, it should be noted that if indeed Dr Perry Mehrling formalized his ideas and wrote his book by 2018, economic management practices have radically changed with the practical introduction of MMT by Fed Chairman Jerome Powell starting in Oct 2019 as a solution to resolving the crashing Trump economy and the misguided Tax Reform of 2016 which was supposed to bring back enough businesses and work that went offshore to the US. As many economists predicted, there was some stimulus initially but by 2019 the effects had worn off and tax revenue shortfall was so bad the Fed had to institute "Extraordinary Measures" which included suspending payments to the Federal Employee Benefits funds. For those who think that sounds familiar, they're right... It had to be done again this year (2023) but is in large part due to weaning the US economy off the stimulus Congress authorized to bridge the US economy across the Pandemic slowdown and that worked out pretty well. The US economy has exited the Pandemic slowdown rip roaring to go at pre-Pandemic levels compared to the total collapse of the Chinese economy. For anyone who complains about the US Federal Debt and Deficit, I say just look at what is happening in China and be glad we didn't have to go through that which is re-experiencing the Financial Meltdown of 2008 and its 8 year recovery but on a much bigger scale all over again. I'd rate this discussion a "meh." There's some useful stuff if people hadn't heard before like the fact every country and transaction can voluntarily choose to settle in the currency of their choice. At least today,, unless the country is sanctioned, there usually aren't restrictions on what currency to use. But IMO the discussion doesn''t get into the details of for instance why Saudi Arabia is willing to settle some oil transactions in yuan but most will have to remain in Dollars.
@Commentthat
Жыл бұрын
This is very informative.
@szymonbaranowski8184
Жыл бұрын
30:00 granted no new huge FED printing... Hanke predicted inflation height nearly perfectly
@stivoarscott5831
Жыл бұрын
Jack...next book/ author for you Martin Daunton The economic Government of the world...KZitem Gresham lectures for outline
@ricardoarevalo6369
Жыл бұрын
That's not true an English official proposed something equitable but the USA wanted this extraordinary privilege.
@marsenault9683
Жыл бұрын
What most people don't understand is the entire rails are already laid the whole back end of the financial system supposed to be flipped. The concept of these symptoms of been in development theoretically probably for multiple decades.
@anonymousAJ
Жыл бұрын
3:30 International dollars are the liabilities of private entities around the world, not liabilities of the US central bank Uh, no. The foreign banks can't issue dollars and are not obligated to redeem dollars for anything in particular unlike the Fed (12USC411) The dollar-denominated debts are liabilities of private entities, but they are paid in the liabilities of the Fed
@tonysu8860
Жыл бұрын
IMO untrue. The Dollar is manageable by the US government only within the borders and jurisdiction of the US. The Dollars that wind up used by others beyond the jurisdiction of the US do so voluntarily and on their own free will, and cannot be directly affected by the US government. At best, the US might have an interest in the transaction if the transaction passes through an institution the US has an interest in like Swift, but that again is entirely voluntary and not a requirement of the transaction partners.
@anonymousAJ
Жыл бұрын
@@tonysu8860 how does that contradict what I said?
@tonysu8860
Жыл бұрын
@@anonymousAJ I see now that you were quoting the questionable remark in the video and is not your own thought.
@dennissmith-tl8cs
Жыл бұрын
And only 3r curruncys 4 are close to the value of the doller
@muttleyZZZ
Жыл бұрын
Great to hear other views. Good interview jack. Completely disagree (well, 90% anyway) with the Dr.
@mark33545
Жыл бұрын
you guys had a guest on recently who talked about how important credit was and how everything hinges on the creation of credit, the ease of obtaining credit, etc. anyone remember who that was/which show that was?
@fredpotgieter7329
Жыл бұрын
Doesn't whole world pension ( 401 k) system want 5 percent Treasury..
@ds31579
Жыл бұрын
Professors teach other people's works, and if your doing that, than you have no works of your own.
@anonymousAJ
Жыл бұрын
6:00 All banking is a swap of IOUs Unless the bank is safeguarding actual money (i.e. precious coinage) in which case it's an IOU swapped not for another IOU but for something real
@user-gv5fh7yb7f
Жыл бұрын
BRICS? Belt & Road? Global commodities shift?
@MountainMn22
Жыл бұрын
You don’t see it professor? What’s your opinion on BRICS
@Vicki_Aussie_Girl
Жыл бұрын
Xrp
@stanislavdaganov574
Жыл бұрын
50:17 Ha ha ha! FDR and Stalin give me stability and discipline. Reagan and Gorbachev/Yeltsin give me "elasticity": liberalization, boom, bust, and collapse... I wonder what the right policy is...
@janne-mans8295
Жыл бұрын
One smart kid, who develoos an algorithm linked to independently fluctuating figures and total of global assets values, can replace the USD as intl trade currency standard with a block chain driven swallow currency.
@thomasherrin6798
Жыл бұрын
Block Chain can't do multiple transactions simultaneously to satisfy demand, so at present it is a non-starter!?!
@kikolatulipe
Жыл бұрын
70´was not a good time to be alive ! Why?
@brandon-hh7jf
Жыл бұрын
Another American telling the world why dollarization is inevitable and that it is good for the world need to accept American fiat currency in trade for tangible goods. May be the guy is right, but rooting for the home team is hardly unbiased.....aren't there any independent commentators to interview?
@barracuda7018
Жыл бұрын
The majority of worlds leading financial economics share his view...Hysterical anti Americanism wont change facts.. 90% of 80 trillion dollars burried in offshore tax heavens are in dollars. No other currency can replace it...
@bige7323
Жыл бұрын
Great guest, no doom and gloom.
@metalstamping
Жыл бұрын
Dr Perry is handsome
@ClyDIley
Жыл бұрын
This guy... typical
@qake2021
Жыл бұрын
😱✌️🙏🙏🙏🙏🙏🙏🙏🙏🙏🤞
@qake2021
Жыл бұрын
👍👍👍🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦👏👏👏
@Avathor73
Жыл бұрын
Great guest! 💯👍
@davisoneill
Жыл бұрын
Perry is the best.
@HenrikVendelbo
Жыл бұрын
Simple and believable theory. Well done 👶
@anonymousAJ
Жыл бұрын
24:00 The world was on a sterling (i.e. British currency) standard, not a true gold standard This was briefly true before the sterling collapse, just as it was briefly true of Bretton Woods before the dollar collapse. And before these brief periods money meant metal coins, period. Paper notes were valued only so far as they could be exchanged for metal coins
@cheritellit
Жыл бұрын
This guest seems to underestimate the effects of other nations not just "worrying" and watching withbminimal action and actually conspiring amongst each other to bring a US failure. If everything was normal or maybe 25 yrs ago maybe this would be true.
@canaldrip2523
Жыл бұрын
Monetary not financial 🎉🎉🎉🎉🎉
@AI-art-makers
Жыл бұрын
Great job
@greenspand
Жыл бұрын
Bitcoin and crypto is an alternative.
@michael2275
Жыл бұрын
Just bitcoin, ETH has several critical flaws and rest have no network effects.
@edreeves121
Жыл бұрын
Ads, ads, ads...
@michael2275
Жыл бұрын
pay then...
@callspreadzero854
Жыл бұрын
Fantastic content as always!
@howardglenmartinez4473
Жыл бұрын
How rich are you if you have a billion dollars in debt notes? I'll tell you. You are as rich as the homeless guy who has five dollars in debt notes!
@anonymousAJ
Жыл бұрын
50 billion Zimbabwe dollar notes make great gifts
@tinashenyamunda8388
Жыл бұрын
The 100 trillion Zim dollar note is also quite good.
@deanelleman6611
Жыл бұрын
Excellent, next step back to Jeff Snider.
@nathanbuttigieg5999
Жыл бұрын
haha. He would disagree with a lot of what's been said.
@EJARNY
Жыл бұрын
Great course on Coursera !
@dan-dv2tn
Жыл бұрын
"" Credit/fiat is good because it's elastic, gold is bad money because it's not ""* .... ?? He says money when he should say currency. Gold is great money because it holds value and doesn't expand. Currency has the potential to be a great economic tool because it expands, it's a worse version of money.
@TheGanemi
Жыл бұрын
XRP :) EPAC, Japan,Mexico. EUR & USD tested right now through other countries with currencies pegged 1:1 to them both. All those countries and Central Bankers already connected to Ripple Net. XRP was chosen asset by them and Ripple replace FED as lender of last resort for XRP escrow they hold. XRP and USD has a lot of similar characteristics in that manner. They are both networks and XRP Ledger network is replacing country after country USD Network
@jamesrobertson504
Жыл бұрын
Excellent guest Jack! Nice to see that there are some academics who understand the Eurodollar market, shadow banking, swap lines, etc. You don't hear this from most mainstream economists who act as the experts on Bloomberg and CNBC. My only disagreement with Professor Mehrling is his confidence that the "center will hold", as I'm concerned that political instability in the U.S. given the growing chasm between the two political parties may lead to mistakes that shake confidence in the dollar and treasuries, such as the upcoming debt limit negotiations. I guess only time will tell how well the center holds. (Also majored in political economy as an undergrad during '75-'79, but went to Law School after that. So this podcast brings back memories of college, particularly Kindleberger, who several of my professors had us read.)
@ds31579
Жыл бұрын
Tell me about things your not involved with, a pure hack
@goldspan5666
Жыл бұрын
Great interview recruit,...Jack. PM is the best!
@villhelm
Жыл бұрын
He has managed to write a book on a subject while fundamentally misunderstanding the system and misrepresented history. If that’s your idea of ‘the best’ I’d be intrigued to hear what your opinion of ‘the worst’ is…
@goldspan5666
Жыл бұрын
@@villhelm expand your thought and we can talk,...and the worst is Jeff Snider's Eurodollar University.
@Michael_Peters
Жыл бұрын
Jack’s got a gift for really good questions and the best interviews. Bravo.
@rof8200
Жыл бұрын
We don't need debt based currencies if we can tokenize hard assets like gold, silver, copper and energy. We can trade these assets on open decentralised global ledgers.
@TheReferrer72
Жыл бұрын
Stupid Idea, each of those assets can be expanded arbitrary especially energy.
@anonymousAJ
Жыл бұрын
@@TheReferrer72 You can dig for more gold and oil, but not "arbitrarily"
@terrywilson1825
Жыл бұрын
👍👍👍👍.I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market. i was at a seminar and the host spoke about making over $972,000 within 3 Months with a capital of $200,000. i need to know how to go about it. I need guidance on what investments to make.
@terrywilson1825
Жыл бұрын
@Gray Thompson Please do you mind sharing any means of reaching out to him easily? I'm really interested.
@terrywilson1825
Жыл бұрын
@Dan Graig Ok, just found his website, impressive, Thank you. i will drop a message.
@jasonclement6305
Жыл бұрын
One of the best yt finance channels. Good info.. less fud
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