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472,652 Views ā¢ Nov 29, 2022 ā¢ Click to toggle off description
On Today's Episode:
You think you know what money is and how it works, but then you watch this conversation with Tom and Robert Breedlove and now youāre questioning everything.
During our current financial crisis, prices in the market are a lot higher than what theyāre reporting inflation to be. You spend $100 in groceries and youāre leaving the supermarket with what feels more like $60 or $70 worth of groceries. How is this possible when inflation is reported to be closer to 9%?
Robert Breedlove hosts the podcast, What Is Money. He is a freedom maximalist, and bitcoin philosopher that gives you plenty of food for thought. His breakdown of inflation, theft, and corrosion of big government is hard to ignore.
In this episode you can take away some money strategies that will help get you through this crisis. Robert is exposing what true debasement of your hard earned dollars really means, and why you should be outraged as a private citizen. Is bitcoin truly the answer to ending economic corruption people have been sold?
SHOW NOTES:
0:00 | Introduction Robert Breedlove
0:19 | Money Strategy in Financial Crisis
21:12 | False Economic Theory
36:22 | Impact Of Printed Money
47:15 | Private Property Rights
1:01:18 | Violation of Private Property
1:08:53 | Economic Axioms & Stories
1:20:58 | Are Rich People Evil?
1:29:22 | Why People Are Angry
1:37:24 | Bitcoin Is Incorruptible
QUOTES:
āInflation is quite simply, legal counterfeiting, and counterfeiting is illegal inflation. Theyāre mechanically the same thing.ā [1:10]
āSetting a legal monopoly to steal from all of society is a really convenient wealth acquisition strategy.ā [7:28]
āIām not advocating for bitcoin as your checking account, Iām advocating bitcoin for your long term savings account.ā [10:20]
āThe moment we entered fractional reserve banking it became a pyramid scheme.ā [27:04]
āThe only thing you can do with printing money is violate the property of others; you cannot issue any equitable benefit to an economic system.ā [28:28]
āDebt shrinks peopleās time horizon, [...] Instead of delaying gratification and saving for the future, I now want to sell the future and buy today.ā [32:56]
āMonetary dilution is inflation, and monetary enrichment is deflation.ā [39:35]
āWhat weāre doing when we print money is inducing or incentivizing consumption actions over investment actions, and investment actions are what drive innovation.ā [43:53]
āThe degree to which you are violating private property is the degree to which you are not rewarding productive members of society, and you are rewarding political actors in society.ā [1:06:05]
āInstitutions donāt follow the laws that they promulgate, institutions follow the individuals that run the institutions, those individuals tend to be corruptible. They will bend the publicly applied rule for private gain. That is my definition of corruption.ā [1:51:43]
Follow Robert Breedlove:
YouTube: Ā Ā Ā /Ā @robertbreedlove22Ā Ā
Twitter: twitter.com/Breedlove22
LinkedIn:www.linkedin.com/in/breedlove22/
Podcast: whatismoneypodcast.com/
Instagram: www.instagram.com/breedlove_22/
Views : 472,652
Genre: Education
Date of upload: Nov 29, 2022 ^^
Rating : 4.861 (369/10,218 LTDR)
RYD date created : 2024-04-24T03:42:06.89585Z
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YouTube Comments - 1,367 Comments
Top Comments of this video!! :3
In every crisis, there is an opportunity," as the saying goes. The 2024 recession, while challenging, presents unique avenues to amass wealth. First, it's essential to remember Warren Buffet's advice: "Be fearful when others are greedy, and greedy when others are fearful." During recessions, assets often undervalue. By investing wisely in stocks, real estate, or businesses during this downturn, you position yourself for significant returns during the economic recovery.
859 |
Hereās a better way to explain Roberts pizza analogy: imagine itās pizza day at your high school and each of the kids in the class have been given a coupon for one slice of pizza. Initially there are 12 children add 12 slices of pizza, but another 12 kids shows up unexpectedly also wanting to have some. instead of getting another pizza, the school just issues out another 12 coupons to the newly arrived kids. When it comes time for the teacher to serve up the pizza, he hast to cut each of the existing 12 pieces in half, in order for all 24 kids to receive a slice. So by increasing the number of coupons or claims on the pizza (money supply), without a corresponding increase in the actual amount of pizza (capital stock), the actual value of the coupon has been debased by half. In reality what really happens is that itās not 12 new kids that show up, itās 12 of the teachers (central bankers and politicians) who arbitrarily decide (monetary policy) that they now want to have some pizza too, so they print up more coupons (quantitative easing) and hand them out to themselves and their friends (gov debt) thereby covertly confiscating, half of the pizza that was promised to the kids (inflation) The kids are left underfed and hungry (wealth gap) while those in charge of the coupon printer literally receive a free lunch for doing nothing (Cantillion effect)š¢
421 |
During a recession, many stocks and assets may be undervalued. I believe now is an ideal time to capitalize on the market for long-term gains, but it wouldn't hurt to know how to make short-term profit. I've heard of investors making over $400k profit in this current sinking market, and I'm looking for ideas on how to earn similar profits.
858 |
I used to think every investor lose out during recession, meanwhile some make millions. I'm nonetheless considering whether to put $400k in my stock portfolio. What is the greatest approach to profit from the market?
947 |
A recession as bad it can be, provides good buying opportunities in the markets if youāre careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isnāt king at all in this time.
609 |
Building wealth and achieving financial independence is more achievable than commonly perceived. With access to accurate information, establishing lasting financial stability and prosperity becomes attainable. Engaging in prudent investment remains a primary avenue for generating substantial income and sustaining enduring wealth.
699 |
Iāve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.
351 |
Nice video, though everyone loves the luxury lifestyle but many don't want to take the risk to invest or work for it.. Now's the best time to buy the dip and it's an opportunity that will grant you all the luxury you crave for.
677 |
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if youāre careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isnāt king at all in this time!
830 |
As recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been sounding off on just how bad they think the next downturn might be ā and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement, my goal is to have a portfolio of at least $850k at the age of 60.
921 |
Heard someone say the best season for a fin.ancial breakthrough is now, especially with inflation running at a four-decade high. I have approximately $250k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?
1.2K |
I wasn't financial free until my 50ās and Iām still in my 50ās, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone that it doesnāt matter if you donāt have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.
475 |
Despite the fact that I invest, I am saddened by my inability to evaluate each company's performance and determine whether or not this is the ideal time to purchase stocks. My monetary stockpile is being depleted by inflation. At this stage, I need accurate market trajectory data, but I'm not sure what to do.
774 |
Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does.
273 |
Usually during this time of the year, we get to see certain stocks go up in the market, but thatās very unlikely this season cos of the recession and overall economic crisis, issue is I've been holding a lot of stocks hoping to sell for profit this month but I'm not sure if to keep holding or sell, Iāve been running at a loss since Q2 and 2023 is really not looking favorable for investors. The market hasnāt been looking good since COVID, and it will get worse 2023, you should sell.
1.2K |
If you're holding cash, you have 100% chance of losing money yearly due to inflation. If you"re holding stocks for 2.5+ years, there is a 100% chance you won't lose money. So where is the real risk?
249 |
Financial stress can cause a man to stare at his wife and ask, "Sister, when are you getting married?" Our money is gradually becoming worthless paper and the degradation of our country's standard of living will destroy our Republic and plunge us into an economic depression like anything weāve ever experienced in our lifetime.. "INVEST". Money Invest today will save you tomorrow. I have accumulated around $470,000 from Q2-Q3 of 2022 and hope to get more.
367 |
While everyone is focused on BTC, ETH or any top alt coin and playing defensive they are missing on quality projects that are about to be launched on CEX. For example $ATMT2 will hit mainstream soon, 10x-20x quite possible even during this bear market but only few people know about this.
269 |
I'm only half way through this debate and I can't hold myself from commenting how mindblown I am by the level of this conversation. I appreciate Tom's ability to stay on track and really insist on challenging and clarifying every idea Robert is presenting. Amazing content! What a time to be alive.
34 |
@TomBilyeu
1 year ago
WARNING: I will never ask for your contact info in the comments section, that is someone impersonating me!
135 |