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– TIMESTAMPS –
0:00 Intro
2:01 Current Conditions
4:32 Global Debt
7:05 Inflation
10:38 GDP Growth?
13:03 Stagflation
17:28 How to Invest?
20:23 Conclusion
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⛓️ 🔗 Useful Links 🔗 ⛓️
Nouriel Roubinin Opinion:
Mohamed El-Erian Interview:
Steve Hanke Interview:
Wiemar Republic:
Food Inflation:
Container Shipping Prices:
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🤔 How Are Things Currently? 🤔
Fiscal spending skyrocketed in order to make up for lost production and the increasing unemployment. This took the form of stimulus cheques, income support and business grants.
Central Banks also flooded the system with money. Thankfully though, things began to turn earlier this year. While these measures were able to avert a dreaded depression. The real game changer was vaccines
This meant that we started to see increased economic growth which has buoyed the markets and lifted spirits.
💰 Massive Debt 💰
According to estimates from Moodys, Pandemic spending added *$32 Trillion* to global debt which currently stands at over $290 trillion. The highest level of debt since the end of World War 2! And, it’s likely to get even worse.
It’s also very cheap to borrow which means that governments are likely to want to take on more debt. Of course, this is risky because it will have to be paid back
📈 Inflation 📈
We just recently had the US CPI data for June come out and it came in at 5.4% – the highest level in 15 years.
Moreover, if we were to strip out food and energy and just look at that “core” number, the price increase has been the largest we have seen since 1991.
This inflation is mostly being driven by supply side factors. Given that Covid has crushed global supply lines, it means that there has been a massive increase in the costs of nearly all goods. This inflation is also not something that the Fed can effectively fight with monetary policy tools.
📊 GDP Growth 📊
GDP growth has been strong. This has also helped to fuel an increase in employment in the US and other countries.
However, despite this there are signs that Q2 GDP numbers are likely to be slower than Q1. There are already some indicators. Firstly, you had a surprising fall in consumer sentiment in July.
Then, you also have a survey that was conducted by the Wall Street Journal that polled a number of banks to ask them about their growth projections for the coming few quarters.
This is all because of the fact that the Delta variant is causing a great deal of trouble
😱 Stagflation 😱
The combination of low growth, high unemployment and high inflation is stagflation. This is an economic condition that blighted the 70s and made it a really tough time to live in them
There are many that think we could be heading to a new period of stagflation. A few of those include Nouriel Roubini, Mohammed El-Erian and Steve Hanke
This stagflation will also come at a time when we have some of the highest levels of government debt. We also have a situation where Fed policy is almost moot because rates are also near 0
🤔 How to Protect 🤔
There are very few asset classes that performed well during the 70s stagflation. One of the best known ones was of course the likes of Gold which is still seen as an inflation hedge even today.
Another really strong inflation hedge is Bitcoin. This is because it has a protocol defined supply limit which makes it scarce.
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#Stagflation #Bitcoin #inflation #gold #fed #economics
Source: Coin Bureau
43 Responses
What do you guys think about the current state of the global economy? How are you diversifying your risk? Also, did you like the disclaimer 😄. Don't forget that you can follow me off the tube for all the content that you are not getting here 👉 https://guy.coinbureau.com/socials/
Food and gas: 6 percent price increase
US government: You're welcome.
Bitcoin can never replace gold.
Hold digital gold.
Do you think StrongNode is risky within all this or nah?
Delta variant is not real. All fake!
The same people that behind the FED created the covid BS and control other sides of the trade war.. We’re doomed
Will this effect cripto negatively?
Did anyone else notice the typo towards the end of the video?
Very interesting, thank you for your thoughts.
Buy coins and invest too
just transfer the debt to the US of A. They dont give af about their debt, and life moves on.
"Neither of these Larrys are happy"
I'm so proud of you.
👍🇺🇲
Great 👏👏
How do I give 100 likes? !!!!
Very well done 👍🏿
Yeah..GUY gotta have the best content… most don't see it coming ….. its coming ..were all gonna get f##ked …..except the elites
Who needs to go to school when you got People like Guy …ive got a youtube degree
I am full on ERC 20 Tokens and Eth is my first choice!
Best and fattest cake rewards as reflection for holding. Upping my passive gainz 💪🔥🔥🔥
Lol @saving us getting burnt from shitcoins hahaha!
I have to give you a compliment you are a very good communicator. Props
Could Crash but could Go opposite 🤔
4:00 you didn't say anything about my Africa 😂😂
"Its cheap to borrow, interest rates are low" Meanwhile in Eastern Europe interest rates almost doubled
Inflation is caused by governments letting in covid-sick people into the country and then overspending to collapse the market. Only way they can ‘reset’ you from owning anything anymore.
Bro we going to 1b with $FATCAKE
Is anyone else having ALL their exchanges blocked from their bank. I can't buy ETH for love nor money
Thanks for all your work ❤
you are sounding so professional it is almost scary?/.
The best gem ever $FATCAKE
This was really interesting, thanks!
Welcome to the New Normal
"Neither of these Larry's are happy"… ded X'D
Pax Gold is great and all……… but a physical gold coin gives that tingle in the trousers!
CV didn't impact anything. The governments did.
You are amazing!
Thank you so much!
Nice job!
Great video, really useful information!
Coinbureau I saw your ads at Liverpool St and Bank London Underground stations… pioneering 👍
“I think the main concern is how hidden it is. Now I know blockchain is terrific in giving it the power of being hidden but the lack of regulation is causing the IRS to be unsure, you have to check all the boxes of whether you did bitcoin. … This is not a meme, this is a major business.”
Since value of BTC is tied to fiat currency, only a truly mass adoption of crypto currency independent from fiat ties will hedge the coming world inflation.
DEBT: THEY DON'T CARE. Why? In the great reset they'll factor in all the government debt and it will vanish. just like that. As for inflation. As they print counterfeit money it devalues all the money out there and the bonus is there debt reduces in real terms.
where is the information on PAX – digital gold?