Did Prof. Steve Hanke pass this interview "exam"? Comment below! Don't forget to subscribe To submit questions to us for the next show, email: Steve Hanke: hanke@jhu.edu Me: David@thedavidlinreport.com Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: www.masterworks.art/davidlin Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. See important Masterworks disclosures: www.masterworks.com/cd
@baunguyen2270
2 ай бұрын
Fail
@4ninefine199
3 ай бұрын
How will the USD collapse? "Very slowly, then all at once"
@ssuwandi3240
3 ай бұрын
In your dreams. We got YUGGEE storage of gold now Commie got to buy from G7😂
@MH-53E
3 ай бұрын
I'm quite sure that All at Once is here. Spiritually, we were all put here at this unique time for a critical reason. When "it" smacks you in the face, please do the right thing. It's important...
@marklouieadame
3 ай бұрын
@@ssuwandi3240of course mined from Africa lol... for almost free
@ssuwandi3240
3 ай бұрын
@@marklouieadame that's a secret, bud😊 Remember we are in Multipolar thanks to you and your Buddy wish..
@pardeeptandon
3 ай бұрын
The slow collapse has started.
@cc-RUtt45
3 ай бұрын
I know at some point a bull market ends and a bear begins, it goes on and on....I have a 7 figure ballpark goal and I intend spreading across maybe 50k - 150k on plummeting stocks, my question is how can I know when a market bottom has been reached?
@Trancredi-nx1
3 ай бұрын
investors like you should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder.
@jtcouch45t
3 ай бұрын
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 14.3%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an advisor.
@cc-RUtt45
3 ай бұрын
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
@jtcouch45t
3 ай бұрын
I've experimented with a few over the past years, but I've stuck with the popularly ‘’Amber Kay Wright” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
@cc-RUtt45
3 ай бұрын
She appears to be a true authority in her profession with over two decades of experience. I looked her up on the internet and skimmed through her site, very professional. already sent her an inquiry hoping for a response soon.
@danielelford
3 ай бұрын
This is way better than watching the presidential nonsense!
@alicecooper9472
3 ай бұрын
Ross Perot we need you
@hamzamahmood9565
3 ай бұрын
Hell is watching that debate on repeat forever
@AidenCooney
3 ай бұрын
Of course...who watches the clown show full of lies of the Presidential SELECTION?
@jameskelly9243
3 ай бұрын
No he's a quitter @alicecooper9472
@ReyesM-oz9li
3 ай бұрын
The crypto market has been unfavorable for months and I keep losing my money selling-off during dips, I'm very scared of holding right now, how do you guys still make so much….?
@captain33q
3 ай бұрын
You trade ?? Wow that's huge, how do you make that much monthly?
@phelps078q
3 ай бұрын
thats true VENTURING into the trading and investment world without the help of a profesionals, trading and expecting profit is like turning water into wine you would need a miracle...
@captain33q
3 ай бұрын
Please how can I reach her?
@captain33q
3 ай бұрын
This summer is making me poor please I want to join the moving train
@Daniella-fv6er
3 ай бұрын
Thank you Christen wilburn Despite all the financial struggles i and my family faced, everything is finally falling into place! $67,000 monthly profit and riches I'll always praise the Lord!!!
@pardeeptandon
3 ай бұрын
Sadam tried selling oil in Euro, and Gaddafi tried selling it in Gold, and we know what happened to both of them.
@yelenailina6475
3 ай бұрын
But times changes,powers are rising and falling all the time
@pardeeptandon
3 ай бұрын
@@yelenailina6475 ; As far as America is concerned nothing has changed and it wants to stick to the old world order
@ssuwandi3240
3 ай бұрын
Because of the SA agreement. You still don't understand the triangle relationship. You're hooked w amateurs hearsay
@pardeeptandon
3 ай бұрын
@@ssuwandi3240: Can you elanorate yourc comment.
@davidlim5
3 ай бұрын
RIP Sadam & Gaddafi.
@laminpapan2650
3 ай бұрын
You don't need to be an expert to know when petroleum are now being allowed to be done is other currencies (before that only in USD and Gadaffi was killed for trying to change that and the whole world knows that), the demand for USD will slowly but surely diminish. Not only petroleum, countries are now having the options to trade with currency of its choice, unlike previously most choose to use USD because of SWIFT system monopolised by USA. USD won't collapse not immediate because there are still many loans made by world bank and IMF using USD but its strength will significantly weaken. It is good for all nations.
@dialecticalmonist3405
3 ай бұрын
It's all bullsh*t. I want to believe that Gadaffi story too, but I think it's bullsh*t. The dollar has power because it buys things people/countries want, PERIOD. End of story. No conspircacy. No threats.
@jzm7543
3 ай бұрын
They are not speaking of money being transacted directly between countries, outside of swift. Ofc USD is absolutely domineering in swift transactions and it will be like that forever. Just that more and more countries will start using it less. China and Russia have come from transacting only in USD to not using it at all. China completely stopped paying for Saudi oil in USD. Those things are huge. This guy is talking of formalities that are very misleading. And he's consciously using data that's not all encompassing.
@ssuwandi3240
3 ай бұрын
Didn't matter when 80% of China's external debts are in dollars. I never thought Xi is kind of nasty player, by integrating too deep too soon with Russia
@777cpsf4
3 ай бұрын
Hemke destroys his own credibility when he doubts the resolves of Russia n the Brics to dedollarize. Admittedly, every reserve has its time limit n BRICS so happens to be the catalyse. Have u not heard of the unwritten law or convention?😂
@bobgriffith1810
3 ай бұрын
It requires far more than resolve,, they do not possess the resources,, not even close.. nor does CCP,, what a joke
@curiositycloset2359
3 ай бұрын
Point is, the only currency, in enough numbers, to be able to be used in so many transactions, is the dollar. Its the liquidity
@ssuwandi3240
3 ай бұрын
Yup, the SA had to arrange currency swap to Yuan. And backing it up with gold when they got not enough gold sounds like brilliant ideas. The Chinese will never allow countries to buy China mining gold. Sounds like a very peaceful alliance
@samuelmorales2344
2 ай бұрын
@@curiositycloset2359 That is now, not necessarily tomorrow and BRICs isn't necessarily a complete dedollarization agreement, but an alternative dollar system away from US controls. In theory, the reserves of dollars in BRICs can be its own financial system. This limits the financial weaponization from the US by making it an intimidating factor to sanction a separate financial system that has a lot of dollar reserves. Mr. Hanke believes in his own delusions based in disinformation that China is dedollarizing which he has no evidence of being the motive.
@meadhill
3 ай бұрын
Reserve is misleading, the total cross border transaction by non-dollar has been skyrocketing.
@Nolsie
3 ай бұрын
What do you do with an asset you’re dumping? You transact it. This is like saying a stock is good because it has high volumes. Only time will tell if the people receiving the dollars got a bargain or a lemon.
@ssuwandi3240
3 ай бұрын
As it should be ss the Fed hasn't finished. They would better not fight the Central Banks nor dumping the Treasury unless they're on something's evil which now we know they were. So good riddance Globalization we will take our country back. You're free to join BRICS jungle
@ssuwandi3240
3 ай бұрын
The rise in volume wouldn't change the fundamentals that 80% of China external debts must be paid off in dollars
@TonyL-gw4qx
3 ай бұрын
Hanke never mentioned Saudi Arabia signed a 50 year agreement to supply oil to the $10,000,000,000 oil refinery Saudi Arabia is paying for in China! Is Saudi paying for and building a refinery in the USA? Did Saudi Arabia sign a 50 year agreement to supply oil to the USA ? No NO and NO so it appears they are moving East! None of these people ever bring up the fact that Saudi is paying for and agreeing to supply a massive refinery in China!
@biglake61
3 ай бұрын
This guy will be slapped pretty hard when BRICS nations introduce their new gold backed currency
@chandymohan
3 ай бұрын
What is his salary? If it is the market that will decide his wage, I wonder if he can sit in his air conditioned chamber and talk eloquently!
@jameskelly9243
3 ай бұрын
Not going to happen in my life time or yours
@rise3335
3 ай бұрын
hahaha. BS russian troll lives in fantasy world. There will never be such bricks (not BRICS) currency.
@jackinsonpablanes760
3 ай бұрын
wont happen, I live in a brics country, this is a hoax study the eurodollar market and you'll understand why the dollar will be the last currency to fall
@simonlo9956
3 ай бұрын
Only Russia wants it because the ruble is in the toilet. I don’t see China ever agreeing to it and BRICS does nothing without China’s approval.
@rookie7413
3 ай бұрын
Then what the heck backs the dollar Mr. Hanke? And for the past 50 years? Foreign countries must buy petrodollars before they buy oil. Are we still using the North Atlantic Colonial dollars?
@davidlim5
3 ай бұрын
Is he still sleeping ???
@deanmyers453
3 ай бұрын
We are already in Super Hyper Stagflation
@martinback187
3 ай бұрын
💯👍🏻
@AidenCooney
3 ай бұрын
Now I understand why Latin Am.merica lives in constant HYPERINFLATION, I lived it once there now here? Many are not thankful for the fact that we lived in poverty or constant rat race for little currency, but now a little of the petro- Dollar medicine is here. In my former Country the Dollar is higher than ever seen & people is having to travel to border countries to transact specially in Real Estate.
@connorferguson2269
3 ай бұрын
Yes but minus the super hyper part.
@alg589s
3 ай бұрын
“How did you go bankrupt? Two ways. Gradually, then suddenly.”
@MADDENCN
3 ай бұрын
How it is possible? We are too big to fail. 😂
@onceuponascale
3 ай бұрын
There was never any petrodollar agreements? So, it's all been a myth then. What a news! The USD value and the sale of treasury should remained unchanged then.
@jimlake1598
3 ай бұрын
😂😂
@ssuwandi3240
3 ай бұрын
The G7 industrial powerhouse for example the car market of the US plus EU is still larger than China. The Treasury market has been shrunk and now that China is out to align w the Gulf, the next pivot will be much clear cut without the friendnemies hijack.
@GodeCynningaz5386
3 ай бұрын
Yeah bro we're sweet 👍🤪
@menangal
3 ай бұрын
there is no agreement to use us dollar. but if you don't use it, you will face the might of the us military force. it's great to be a hegemon. they don't even need to ask, the world just give ...
@jackwalsh1468
3 ай бұрын
The Presidential Debates or Listening to David Lin and learning from Dr. Hanke. Dr. Hanke and David win by a landslide. Cheers, Mate.
@manfredkruger9686
3 ай бұрын
Hanke is wrong about the Saudi/US petrodollar deal negotiated between Henry Kissinger and the Saudi King that specified that all Saudi crude sales would be denominated in US$ in return for US military protection of the Saudi Kingdom.
@RealROI
3 ай бұрын
He's not wrong, he's lying. He's been reporting on petrodollar for decades.
@rudeawakening3833
3 ай бұрын
I’m LOST ! I would LOVE to see the good professor and Andy Schectman on this show ! This is contrary to ALL other guests who talk about how Nixon sent Kissinger to Saudi Arabia to cut a 50 year contract to sell oil ONLY in dollars for US military protection …
@zenastronomy
3 ай бұрын
he's lying. same way he's suddenly calling capitalist california socialist
@davidlim5
3 ай бұрын
@rudeawakening3833 Instead, the US weaponized the PetroDollar which SA had nothing to do with those cruel sanctions..
@rudeawakening3833
3 ай бұрын
@@davidlim5 Agreed - but this discussion was about the good professor denying ANY such thing as a “ petrodollar “ deal at all … It’s common knowledge that Kissenger set up that deal of “ sell oil in US dollars ONLY - and the US military will protect the Royal family and Saudi Arabia “
@VinodPatel-et4nm
3 ай бұрын
Please arrange to call Steve Hanke after December and ask the same question about $$$
@jerrybancroft8275
3 ай бұрын
The reason the Philips Curve became nonsense is because the money supply system changed in the 1970s. In 1972, Nixon took us off the gold standard. As unemployment increases, spending should contract which should lower inflation. This would have happened during the pandemic except the government unleashed a massive stimulus to pay people more than they otherwise would have received. Of course the government can spend unlimited amounts of money because there is no longer a pesky connection to gold. This guy always says it's the Money Supply and I guess that's the problem with Philips Curve now... It's the Money Supply.
@GeorgePollinger
3 ай бұрын
True, but he forgets that when people have more income, they will spend it. Also, many young people have useless degrees and now are forced to take those minimum jobs. Then, those fast food corporations are making huge profits and their managements' interest is only to raise their stock price which in turn increases only their incomes and the gap widens ever more. Also, had the private equity companies and most corporations not bought out companies and outsourced the good jobs to low income countries, our economies would be in better shape.
@TuffEnuffIII
3 ай бұрын
the end of the petrol dollar is the beginning of the next gold standard
@cowymtber
3 ай бұрын
As soon as rates go down in this cycle, money will flow from the dollar to other sources of equal or superior yield.....from sources of equal or superior economies. The dollar is the cart. The US economy is the horse. There is no economic support of the dollar. Only fiscal spending support. The horse is weakening. China, Switzerland, India, Brazil, is where money will flow. And the dollar will slowly fade. China produces goods and technology. The US produces debt.
@briankoontz9711
3 ай бұрын
Minimum wages wouldn't be necessary if inflation of a fiat currency system was functioning successfully. All fiat currencies go to zero. Got Gold?!
@thecookiechannel7083
3 ай бұрын
Hanke is one of the few non-sensationalists on KZitem. Thanks David Lin!
@rudeawakening3833
3 ай бұрын
Bring this Professor on with Andy Schectman from Miles Franklin ! That would be the interview of the century ! Andy explains the BRETTON WOODS AGREEMENT and the 1971 decoupling of gold from the US dollar , and Kissinger to Saudi to have their King agree to sell all oil in US dollars for US military protection …
@davidcollins8150
3 ай бұрын
The market wage = the exploitation wage
@yelenailina6475
3 ай бұрын
Is very sad to all of us,using US dollars😢
@henrys2403
3 ай бұрын
Steve smiling more than normal today
@seriouslyseriously7745
3 ай бұрын
Smiling without 'Smiley Face' . . . real substance
@ksquish16
3 ай бұрын
Stop interrupting him. Let him fucking finish his thought. You cutting him off every 30 seconds is paaaainful
@poleonpoleon706
2 ай бұрын
But he's literally taking 5 minutes to get to the point. I couldn't listen till the end .
@ksquish16
2 ай бұрын
@@poleonpoleon706 Watch on 1.5 speed for those people.
@randommotion8907
3 ай бұрын
The best sugarconed horse stuff I have heard from the professor to date. Delulu at its finest...
@TheJermiester
3 ай бұрын
Always fun to hear scary stories from economists!
@DSMentzer1
3 ай бұрын
The greatest enemy of the hegemon is always the hegemon itself.
@onceuponascale
3 ай бұрын
So , the pound stopped being the reserve currency because colonialism collapsed? But isn't it what happened to the French before. And the Romans. And basically all empires in history. But it is different for the US? People use USD not because there are forced to? Not because there are military bases in all of the G7 countries?. In Israël ( by proxy ) and Japan? Nothing to do with the US in Irak now having morphed into conflicts with the Houthis? Sure, Sensei Hanke. Good night and sweet dreams.
@HeresMyView
2 ай бұрын
😂😂😂😂👍👍👍 US$ is back up by nothing. Gold std back up was abolished in 1971 by Pres Nixon bcos of military over spending in Vietnam War. Then in1974, setup Petro Dollar with Saudi Arabia bcos there was nothing to backup US$. It is just a piece of paper based on trust fr US govt and Petro Dollar imposed. Then over 800 military bases established worldwide to enforce US$ hegemony and the war economy was in place since day one from WWII over 70 yrs. That's why the national debt is rising rapidly at $1 trillion ($1,000 billion) every 100 days from $34.75 trillion. Every day is an overspending.
@chairman76
3 ай бұрын
BRICS are preparing a CBDC called mBridge for cross border payments. Currently Dollar reserves worldwide stand at 58%, a 25 year low.Once alternative financial systems are activated, the dollar will be toast and the US will face hyperinflation.
@HeresMyView
2 ай бұрын
You're the only person who challenge the professor with stats of US$ - only 58% of the dollar worldwide. 😂👍👍 The prof quoted at 80%. The US$ value has been declining bcos more dollars are issued digitally everyday (they don't print more dollars now) causing rapid rising inflation in the domestic mkt. Practically everything is imported fr China. The US manufacturing is decimated. This cause the US national debt to rise at $1 trillion every 100 days! (mostly military overspending). Currently, the national debt is $35 trillion and rising. The US needs the war economy to survive and ensure global hegemony. That's why military spending will NEVER cut back. Petro dollar is designed to ensure US$ is used as the global currency in oil transactions, thus making the US$ as the defacto world's reserve currency. With this exorbitant privilege to issue the dollar without limit, the US weaponized the dollar to sanction other countries at will, together with the SWIFT banking system. Not only that, restrict technology export such as Chip semiconductor, impose tariffs, and weaponize trade wars. The last straw, frozen $280 billion of Russian sovereign funds and stole their fund, so far $50 billion. All these cause the BRICS and other countries to dedollarize and trade in their local currency or Chinese yuan (to buy imports fr China). So, the Petro Dollar agreement is real, not fictional. Saudi Arabia is reacting to the realities of geopolitics, thus ending mandatory oil transactions in dollar. SA needs to protect their economic interest. China does not want the Yuan to be the reserve currency or to replace the US$ as a reserve currency.Why? Bcos they want to ensure the global trade can continue to buy China's imports at low prices. If the yuan currency rose, it makes exports to other countries expensive. This leads to higher global inflation bcos China is the world's manufacturing hub, exporting to every country. Currently rising inflation is confined to the US and the inflation is exported by US to other countries as more dollars are issued and the Fed raises interest rate to curb rising inflation. Why? Bcos too much money chasing too few imported goods. That's why foreign currency becomes weaker against US$. And, it appears US$ is stronger. So, to counter this, dedolarization is happening slowly and systematically to reduce massive systemic global economic impacts and hard landings. To verify higher inflation in US, all you need to do is to check the consumer prices of Asian countries (especially China) against US domestic prices.
@25Soupy
3 ай бұрын
I can't believe after all these years of disproving minimum wage laws we're still having this conversation.
@Hueyck
3 ай бұрын
Yep but its because this way governments choose winners and losers. For minimum wage the winners are the most efficient workers and the losers are inefficient workers. But everyone is worse off when full employment is not reached. Freakonomics had a podcast on minimum wage a few years ago.
@Hueyck
3 ай бұрын
😅
@natashadickson4819
3 ай бұрын
They don't care that minimum wage is bad. They know that some people are willing to work for the minimum wage.
@TheSuitness
3 ай бұрын
My favorite part is how they leave out the fact that the min wage policy was originally intended to put racial minorities into poverty (out of work) and prevent immigration.
@prolific1518
3 ай бұрын
@@TheSuitness you weird caucs say anything with no proof
@anthonychuan7279
3 ай бұрын
Cleanest Dirty Shirt is from Kris Kristofferson's Sunday Mornin Comin Down 1969. Remember ?
@Law-of-love
3 ай бұрын
Cheerleading dressed inappropriately…. “ USA USA USA 🇺🇸 “ 🤕 - what a trustworthy face ! - even David looks embarrassed by answers 😮
@andrewbaldwin4454
3 ай бұрын
A.W. Phillips's paper, published in 1958, was "The Relation Between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861-1957." It didn't relate to consumer price inflation.
@zenastronomy
3 ай бұрын
10:08 i love the brexit example as the professor is so delusional with his mental gymnastics. uk left the eu (not usa) and it's use of euros fells and use of dollars jumped from 35% to 55%. which exactly proves the point. Saudi leaving usa, will lead to a dump in usa dollars and jump in other currencies.
@alimohammadi6869
3 ай бұрын
It’s easy to take out the king with out the guards and the guards 💂 are all leaving 😂the crown 👑 is for the taking🎉 the king may survive the king mite remain as king but it won’t be the worlds 🤴 king
@KabaiSun
3 ай бұрын
6:12 😂 it is the worst example. He made peace absolutely right that there’s always was a dominant currency and history shows that it’s occasionally being overthrown . That means the dollar is f@ckt😂😂
@JW-dc8hk
3 ай бұрын
This is the thing, Capitalism is a system where free market in the form of businesses decide by competition. That competition sets cultural standards of how much one business charges over the over which sets a fair price. Now Capitalism applies to consumers or people buying things. It doesn’t necessarily extend itself to employee wages being set the in similar way right? Because the problem is the employees don’t own a part of the business therefore they dont really have a say and are working for the need of working. That’s where things break down potential for the worse right? Capitalism also need guardrails as when their collusion, price fixing, then capitalism starts to fail or rather go off the rails. So point is in summary that I think there needs to be legislative regulation when it comes to employee pay but it should depend what class of business the employee works for such as an established corporate entity who is billions of dollars a year enterprise or a small village shop where the owners might not be able to handle a high minimum wage but there are other incentives to working for the village shop such as a mentorship and experience. Just doing some out-loud critical thinking.
@Paul-dorsetuk
3 ай бұрын
Most enjoyable listening to people who know what they're talking about! Trouble is, the politicians don't always take economists' advice. And yes, he passed!
@jimlake1598
3 ай бұрын
This bloke is talking pure back the US dollar propaganda, he’s gone look like an egg sandwich he’ll have that much egg on his face. Bloody fool😂
@briankoontz9711
3 ай бұрын
UBI... Have we not learned anything since the stimulus checks?! This is akin to a fish devouring itself at the tail.
@zenastronomy
3 ай бұрын
if there was no petrodollar agreement then what ended on the 9th lol😂😂😂
@davidlim5
3 ай бұрын
You are right. Honeymoon is over too..
@autto101
3 ай бұрын
The "professor" re-writing both HISTORY and ECONOMICS... per his employers request... Sterling fell, but the USD, CANNOT??? lol
@Bigredbulldog401
3 ай бұрын
Trump said he would charge tariffs to other countries that do the same to us and in return start a negotiation for free trade either everyone tariff each other or no tariffs I love how everyone twists words shouldn’t we treat other countries how they treat us? I don’t care I rather tariff because I support mainly America made when I can
@kmng3207
3 ай бұрын
So glad you had him back!! Thank you...
@davidcollins8150
3 ай бұрын
GREED GREED GREED is the Seen and Unseen problem of Humans
@RealROI
3 ай бұрын
Never been a petrodollar agreement, then why has he and all the mainstream media been reporting it for 50 years! Lol
@KabaiSun
3 ай бұрын
This is a great example of what’s called, gaslighting the public.
@ChuckDowl-lh1ir
3 ай бұрын
Gold as a reserve of countries federal banks have increased significantly.
@Kickingitoldschoolbaby
3 ай бұрын
They need the homeless so they can have another way to fleece Californians out of their money.
@yelenailina6475
3 ай бұрын
Trump is right decreasing tax on rich,otherwise companies move oversees when taxes are much lower,16% in Ireland
@yelenailina6475
3 ай бұрын
So boaring,ah!!!😢
@michaelmccord5930
3 ай бұрын
Universal Basic Income will only have a temporary benefit. The lower portion that is getting the UBI will spend more, the people being taxed to pay for the UBI will work to avoid the tax, and will spend less. The overall effect will be neutral at best. The UBI will initially be a boost in spending, and be inflationary. The cost of products will adjust to be the same for the consumption. I would vote no!
@MarkGast
3 ай бұрын
Nothing is going to replace the US Dollar for the foreseeable future as a global reserve currency. It may happen but it won't happen for decades or longer.
@shammariba
2 ай бұрын
Your guest is out there and full of it 😂😂😂
@billyv1206
3 ай бұрын
They have UBI in Cuba but there's nothing to buy with the money and what is available cost more than the average person can afford
@Eding4u
3 ай бұрын
No such thing as a free lunch.
@jacqueswinter
3 ай бұрын
Eventually, advanced economies will have to implement universal basic income (UBI). Think of it as taxing the robots doing the work instead of taxing workers. Is that so bad? People can spend their time making extra money, studying whatever they like, etc. Of course there will be lazy people just hanging about, but there is now already. Think Paris Hilton. If people want to waste their lives, it's on them.
@issenvan1050
3 ай бұрын
Minimum wage is against human rights.
@Peter.F.C
3 ай бұрын
The delusion is strong in this one.
@optionfinder3663
3 ай бұрын
El contrar, wages stayed pretty stagnant during the late 70s and 80s. The wages didn't start picking up in a big way until the 90s in my experience. There was a big mismatch between wages and the cost of living. Power too heavily weighted to business interest is also not good for everyone. There is a balance.
@optionfinder3663
3 ай бұрын
Problem with flat tax is that it only gets levied on 'income' and not 'assets' such as equities, options, business income held in trust, etc. Income earners pay tax. Rich people would not.
@c.p.haslop2500
3 ай бұрын
Prof Hanke ROCKS!
@jasonclement6305
3 ай бұрын
Legend. Keep him coming back.
@markneilson1044
3 ай бұрын
Great info your guest has a wealth of knowledge. The state where I live in in Australia is going to introduce 50 cent bus fares a huge reduction from the current price. Basically so they can get reelected. Exactly what your guest was saying. Where will this money come from. They will have to increase taxes to make this happen.
@ahrchb2430
3 ай бұрын
😊
@ahrchb2430
3 ай бұрын
😊😊😊
@ahrchb2430
3 ай бұрын
😊😊😊😊😊😊😊😊
@yawzerdoink-a-sore-as8159
3 ай бұрын
I’m a crypto whippersnapper 😂
@perpetualroad
3 ай бұрын
This guy is part of the establishment in USA, by being a professor at a reputable institution for education. If he indicated any negative FUTURE outlook he would lose his tenure, family privileges, future book sales, and his reputation
@samuelmorales2344
2 ай бұрын
LMAO! Does Mr. Hanke know the difference between an informal deal and a formal deal? You know, like NATO countries are supposed to spend a minimum amount on military spending but informally the US and NATO members accept that the US does most of the spending and the European countries knowingly ignore the minimum standard? Petro-dollar is an informal deal, not a formal deal; that the US buys cheap Saudi oil in exchange for military protection and intelligence sharing. They were not in any official alliance like the way Israel and the US are today. Does Mr. Hanke know what "quid pro quo" is? Does he think that the dollar reserve currency system is a formal or informal agreement? Do you understand, Mr. Hanke, or do you need to go back to school to learn global politics? This is not your field, dude. Go back to preaching the mathematically perfect economy or whatever mumbo jumbo that typical economist teach these days.
@gitamoninath8842
3 ай бұрын
In 2024 with the ETFs and halving and everything coming up the biggest change to everything will be AMS58V hands down. They worked for years to get this done and needless to say how much impact will rise from that.
@hatehypocrisy1
3 ай бұрын
Thanks, David. It seems the dollar is strong despite having this inflation .
@libertysprings2244
3 ай бұрын
I disagree on UBI. I think start with $3,000 per year per person under age 65 (including children) paid by federal government deficit spending (money printing) just like how we pay for military/wars/medicare. Try it for 10 yrs and then decide if it was a good idea or not. Currently its not fair to younger people when age 65+ gets social security of $20,000+ per year when they only put a tiny fraction of that into the system compared to what they draw out in benefits over the 20+ yrs a 65 yr old has left on average. Also medicare should be for all ages, not just age 65+. The system is slanted to benefit the 65+ group.
@emonte2965
2 ай бұрын
if there is no agreement! can someone explain this on google? In 1973, the petrodollar system was created through a deal between the US and Saudi Arabia. The countries agreed to price and trade oil in US dollars. With oil standardized in terms of dollars, any country that purchased oil from Saudi Arabia would have to use dollars.
@ShivamKewat-qw5bc
3 ай бұрын
Gary and SEC are clownheads, trying to mislead from AMS58V which they can't rly make any debate with, they know they lose like they lost against XRP
@TonyL-gw4qx
3 ай бұрын
Hanke never mentioned Saudi Arabia signed a 50 year agreement to supply oil to the $10,000,000,000 oil refinery Saudi Arabia is paying for in China! Is Saudi paying for and building a refinery in the USA? Did Saudi Arabia sign a 50 year agreement to supply oil to the USA ? No NO and NO so it appears they are moving East! None of these people ever bring up the fact that Saudi is paying for and agreeing to supply a massive refinery in China!
@shammariba
2 ай бұрын
You are full of BS when you said the Saudi's mismanaged the money they acquired from oil sales. The Saudi government started developing the country after acquiring the money from oil sales.
@nitinffgamer-fr1op
3 ай бұрын
I've had the feeling BTC would actually recover it is just a small sidestep with these ETFhype slowing us a bit, but AMS58V brings us back up
@questioneryusef8264
2 ай бұрын
There was no PETRODOLLAR AGREEMENT JUST LIKE A GUY WHO RIDES ON A TAXI. HE NEVER SIGNS FOR ANY THING ITS JUST IMPLIED. ANY CHANGES WITH THE WORD FROM MBS IS THE KEY TO KNOWING IT.
@jamesgamer4753
3 ай бұрын
Dollar arguments are a red herring. Treasury market is where people need to be looking. US finances its enormous fiscal and trade deficits by issuing debt (treasury market). All you need to do is look at the foreign holdings of t-bills, coupons, tips, frns as a percentage of US issuance (down significantly in the past 5+ years) to see where this is going. Just as an example, foreigners were buying 62% of the issuance of US frn, tips, and nominal coupons in 2008. That number is now down to 34%. So who is picking up the slack?
@kishan-ow8dq
3 ай бұрын
Fully believe into AMS58V and the comeback for IOTA, they are promosing and the technology is just next level
@slingshot5104
3 ай бұрын
Time will tell Pinocchio.
@seriouslyseriously7745
3 ай бұрын
Steve Hanke for U. S. President . . . Dr. Hanke would have a world-class Presidential Cabinet that would have all of the childish amateurs and 'professional sponge clowns', domestic and foreign, heads spinning as their nonsense becomes self-evident common sense
@DeepakRekwal
3 ай бұрын
I was concerned after the ETF approval because as expected we went down a little but AMS58V keeps everything strong and in place. These guys really know how to be convincing and the preparation all the years was so well done. Nothing will change in 2024 and nothing will come close to this incredible smart one. True believers for AMS58V will have a good year
@AidenCooney
3 ай бұрын
Now I understand why Latin Am.merica lives in constant HYPERINFLATION, I lived it once there now here? Many are not thankful for the fact that we lived in poverty or constant rat race for little currency, but now a little of the petro- Dollar medicine is here. In my former Country the Dollar is higher than ever seen & people is having to travel to border countries to transact specially in Real Estate.
@PercyTP5161
3 ай бұрын
He always points to crypto people spreading inaccurate news.....such a stupid opinion. A lot of Austrian Economists are saying g the same thing. He's got to broaden his mind and stop applying lazy labels to make himself look superior. Not a fan of this guy, very pretentious,and doesnt realise he's just caught himself in stage 1 thinking, that he so proudly criticises everyone else for doing. The arrogance and lack of awareness is astounding. The USD is very strong.....yeh, now put it against BTC over a decade
@ljt3084
3 ай бұрын
This guy wheeled out for damage limitation. 😂 "There was no petrodollar agreement" is like saying, We were just spreading democracy when we bombed the sh.. out of Iraq..
@lavague7648
3 ай бұрын
I love the way the Pfofessor is debunking certain myths. The dollar is strong due to the high rates. It is actually inflated but not strengthens. We will get the actual valuation of dollar when rates will return to normal. By the way the only kind of booming i can anticipate is credit implosion. US economy does not booming. It is actually inflated by unparallel deficit spending😂😂😂. China will probably lead again global growth.
@rise3335
3 ай бұрын
Professor is correct. BTC bugs are a buch of clowns. USD is the king, it's crushing every other currency; only russian propagandist will tell you otherwise.
@Al-yu6bq
3 ай бұрын
People don´t understand that USD is an important currency, It´s like English language, although UK is not in the EU, european politicians are still speaking English between them 🤣🤣 Dollar will never collapse, I mean, soon
@fit.avinash
3 ай бұрын
When are you getting Dr.Ankit Shah on your show David? He was among the earliest to speak about de-dollarisation and BRICS currency
@gabecasillas493
3 ай бұрын
I'm willing to bet my money this guest speaker couldn't explain the technology behind blockchain to save his own freaking life. Therefore, he assumes cryptocurrency is a farse? Why the hell would anyone with a shred of intelligence pass go on an opinion on this guy is baffling. 😂😂😂
@ramansamazingchannel5304
3 ай бұрын
Just leaving this here.. My heart goes to the entire community for AMS58V building up something which is worth it for everyone. This is so smart by them to launch and shatter the doubts and fears of the common folk, which was misplaced by all the drama we had last years. Everyone knows the state of inflation and recession now and the way out is already in progress. Now its just about catching the big fish, ya feelin?
@nad9969
3 ай бұрын
We tried UBI, look at all the stimulus, what did that lead to? A lot of inflation!
@cowymtber
3 ай бұрын
Dave: How about something like the "Lin Line" 1-10, six month market outlook. Every guest gives their "Lin Line" number at the end of the interview. Then you add their data point and show the bar graph.
@tublurajpradhan9139
3 ай бұрын
Thank you for the video ! Do you believe that AMS58V will be the main pump in 2024? I mean they prepared it for a long time and the vision is beyond greatness
@rajeshking8181
3 ай бұрын
The AMS58V is just incredible with being still undervalued at 1 USD if you don't know you will never know
@MathiVarsan
3 ай бұрын
Swapping my ETH and swapping to AMS58V. Already up as expected. I wish I left on all the junk way earlier to step deep into this ride, they rock!
@ALONE_BOY_11223
3 ай бұрын
No more DCA if things are progressing and we are at the first step for new ATHs. Hopefully AMS58V was the right pick as you recommended earlier
@MilfaPereira
3 ай бұрын
I seriously believe that AMS58V story is just about to start, they can become top100 in 2024 and with $1 it is a cheap as fk one as well considering that millions will use that asset from day one
@TheMighty_T
3 ай бұрын
In terms of Tarifs, one aspect you have in the USA is that as one of the biggest consumption based economies, you DO have that consumption power to be able to influence external nations. So Trump might be looking to use that as a means to persuade better behaviour towards the USA overall, while reducing personal tax burden on American citizens? It could backfire IF these external nations decide to take the trade hit and find other markets? It is not without risk, but the USA does have a strong hand here.
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