Cracks In The System Clearly Explained with George Gammon I hope you all enjoy this deep dive into the financial system with our friend George Gammon! Today we are both taking a break from the whiteboard to walk you through the cracks we see appearing in the global financial system. Both central banks & governments will be forced to print enormous amounts of currency to down their debts, avoid default & delay the next chapter in the coming financial crisis. #stocks #finance #economics https://youtube.com/georgegammon https://twitter.com/GeorgeGammon https://ift.tt/2O8H816 Join my community for daily updates: https://ift.tt/2QChRw8 How To Obtain USD & Stablecoins Explained: https://ift.tt/2vxHLvD Trade Stocks, Indexes, ETFs, Gold, Silver & more: https://ift.tt/3brPQCq War For Control Of Money: https://youtu.be/8KuldnzI1kU Negative Interest Rates Explained: https://youtu.be/nFWjoxyRCUE The Truth About Inflation: https://youtu.be/T-YkPMw4HI8 Australia Coming Financial Crisis: https://youtu.be/h71cHHBAnMQ Timestamps: 0:00 Recent success of George’s channel 1:00 Money creation process & money supply measurements 5:35 Treasury General Account (TGA) used to be in the commercial banking system 7:00 Drawbacks of Treasury controlling TGA 8:40 Historic TGA balances 10:20 Increasing food price inflation rates 14:40 Financial asset inflation vs consumer price inflation 15:45 Corporate bond market intervention 16:45 Psychological nature of the Fed put 19:50 From Fed put to government put 20:40 Why M2 supply is rising as monetary velocity is falling 21:45 Problems with getting money to the people 23:50 George anecdote of his sister’s friend, a vineyard & restaurant owner 25:05 Why George thinks structural unemployment levels won’t recover overnight 26:00 Dynamic between governments & central banks 28:30 Consumer price inflation rising whilst currency appreciating on foreign markets 30:00 Recent USD weakness 32:05 Public sector influence on asset prices 35:00 Digital Thickshake Theory 36:00 Risk-seeking investing with government handouts 38:50 Will retail money flock to DeFi? 40:35 Why resource misallocation is bad from an economic standpoint 42:40 Misallocation of resources in Australia 44:30 Australian economy’s reliance on a healthy real estate market 48:45 Public sector spending as % of GDP 53:25 What is Rebel Capitalist Pro? 🔔 Did you enjoy this video? SUBSCRIBE for more: https://www.youtube.com/c/nuggetsnews?sub_confirmation=1 📹 For more Resources & Content: https://ift.tt/2EnNUxx 🎙 Always on the go? Tune in on your favourite Podcast app: https://ift.tt/376anJc #️⃣ Connect with us: Twitter: https://twitter.com/NuggetsNewsAU Facebook: https://ift.tt/2KhbH19 LinkedIn: https://ift.tt/31voNBx Instagram: https://ift.tt/2H4z7ad Reddit: https://ift.tt/1QLnSm5 _________ ❗ DISCLAIMER ❗ Alex Saunders is not a Financial Adviser. All opinions expressed by Alex Saunders or his guests in this video are for informational purposes only and should not be treated as investment or financial advice of any kind. Any information provided during the video is general in nature and does not take into account the viewers specific circumstances. Nugget’s News and its individual team members are not liable to the viewer or any other party, for the viewer’s use of, or reliance on, any information received, directly or indirectly, from the video in any circumstances. The viewer should always: 1. Conduct their own research, 2. Never invest more than they are willing to lose, 3. Obtain independent legal, financial, taxation and/or other professional advice in respect of any decision made in connection with this video.
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