Making 13,000,000,000 Dollars

[Silverhawk851]

http://www.businessinsider.com/ray-...l&utm_source=facebook.com&utm_campaign=buffer

One of the best insights on the American economy that I've seen.
The fact that we are overspending money we don't have on depreciating liabilities is, has and continues to cripple the future of our society.

Up here in Canada it is no different. People don't want to work hard, and trade their future for a comfortable today.

Sidewalkers then will run a idiotic-fueled tirade against the 1% who keep them "oppressed" somehow.

So the rich have to work 100 times as hard to create value for the people, and when shit hits the fan, support the entire country and the instant-gratification babies and pay the price for other people's mistakes, while being vilified as the ' greedy oppressors'.

In my opinion, that's the mark of greatness, when your willing to do all that regardless.

Back to work.

 

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[HighestVantage]

Thanks for sharing. I've done a lot of reading about the economy and he does a superb job of explaining something complex in simple terms. From my reading I've learned it's also really good to know that when credit spending rises and rises, there is a bubble and bubbles burst.

 

[ZCP]

So the US is coming out of the deleveraging and we are about to go on a growth cycle for the next decade? Time to borrow and increase productivity?

 

[Silverhawk851]

So the US is coming out of the deleveraging

The US never fully went into deleveraging, because of the massive stimulus package that was approved. All that happened was they kicked the can down the road for someone else to deal with.

http://www.usdebtclock.org/

There is more and more debt/credit in the system that can be paid back.
I also don't understand how there can be a 'beautiful leveraging' with there currently being $185,666 owed per person, yet the average net worth of an American excluding home equity is $15,000.

Also always good to diversify the portfolio w gold /silver.
http://wealthcycles.com/visual-economy/dalio-says-‘beautiful-deleveraging’-is-in-jeopardy

Some tough stats Lol

 

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[Daniel A]

There used to be a small group of YouTube channels, blogs, etc. that would discuss these topics (gold, silver, financial system, etc.) which I followed for some time (years).

This topic could easily lead down the "conspiracy theory" route, haha.

 

[Silverhawk851]

This topic could easily lead down the "conspiracy theory" route, haha.

Lol, I know what you mean.
I'm not really a doomsday/survival prep guy, but hey if I can predict when everything is going to be on sale, it's a good thing to do

btw... it's a hot market that spends big bucks if any marketers reading

 

[Daniel A]

Definitely man! I haven't looked into this topic much recently, but there was a book I started reading a while back related to it. I never finished it so I'm going to start over and finish it during my winter break. Hormegeddon by Bill Bonner

The author of the book is the founder of a company that has top notch copywriters. Their email lists are worth signing up for and studying.

 

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[Daniel A]

I was just watching the video again and taking notes on it with Evernote.

In the video description there is a link to this website: http://www.economicprinciples.org/

It has more information on the topic. E.g. a conversation with Ray Dalio that's over an hour long and a downloadable / printable research paper based on the video.

I'm going to review them for sure since I have several economics classes coming up (probably next semester).

 

[Ikke]

Very interesting vid. Thanks for sharing

 

[sle3pyguii]

I know it isn't this simple, but damn...that video helped a lot.

And just like every other Youtube video ever created, don't read the comments. It's depressing in there.

 

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