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Assorted YouTube videos, Ron Paul: “It’s The Largest Financial Bubble In History”

Ron Paul: “It's The Largest Financial Bubble In History”

ron paul one of the great financial

minds in the united states he's been

speaking up

quite a bit lately i'm not sure if many

of you have been paying attention to

what he's saying

but it is interesting and i want to

catch you up to speed he thinks we're

currently in the biggest financial

bubble

in the history of monetary policy here's

the exact words

i happen to believe it's the biggest

financial bubble

in the history of monetary policy for

the whole world

and the correction is going to be very

very violent and it's already

pretty bad so the question becomes why

why does he think this

okay first thing he mentions is

inflation now generally the fed aims for

two percent inflation rate each year

recently the fed have come along and

change this

policy they now want to average a two

percent inflation rate

so that means that the fed is willing to

allow inflation to run

hotter than normal in order to support

the labor market

and the broader economy now this all

sounds well and good

but there are a lot of problems that

come with inflation

ron paul he doesn't like it one bit

because okay

let's look at the definition of

inflation inflation

is a general increase in prices and fall

in the purchasing value of money

basically meaning if you just hold on to

cash it becomes worth less over time

as ron paul says the policy of our

government

is to steal two percent of the value of

the dollar

on purpose and now they've become even

more desperate

towards inflation so do you think that

any sound investor

is going to want to have their money in

the bank no look at the type of interest

that you get on your

money it's terrible the average usa bank

savings rate

is 0.09 percent so

basically this means the money in your

bank is losing its worth for every

second

that you have it in there the mix

between inflation

and low interest rates kills savers

so they think no i'm not going to have

my money in the bank

let's look at the stock market and they

start buying stocks

and what this does is it causes prices

of stocks

to go up anyone who's done economics 101

will know this

as we can see the stock market has

recovered to almost full-time highs

up 45 over the past seven months

the economy however has been going

terrible but stocks have not seemed to

notice

and of course it's not just the stock

market house prices

are around all-time highs as well

because of this same notion

low interest rates which means you can

borrow more and there's no desire to

have your savings in the bank

the next thing that poor refers to as

being a driver of asset prices

is this new notion of unlimited

quantitative easing

so it was in march 2020 when the fed

announced

that they will essentially allow

unlimited quantitative easing

to help the economy except of course

they said it in a much more politically

correct way

they announced that they will continue

their asset purchasing program

in the amounts needed to support smooth

market functioning

and effective transmission of monetary

policy

to broader financial conditions and the

economy

basically there's no limit to the

amounts that they can now print

and this is something that we've never

seen before

unlimited qe so this has resulted in the

fed's balance sheet

blowing up it's now sold past seven

trillion dollars

it's almost doubled in size and we don't

know how much worse this will get

in the future they're not talking a

further one to two trillion

in printing now what does this unlimited

buying of financial assets

from the fed do well it lowers interest

rates of course

and this allows the government to borrow

even more money

because they pay less interest on their

debt because interest rates are low

therefore they can borrow more and this

is exactly what they've done

they've borrowed a lot in order to fund

these stimulus checks

that they have received as ron paul said

they created three trillion dollars to

bail out the first part of the downturn

and now they're talking about another

one to two trillion for the next episode

and it just means people need to get

prepared in many different ways

because okay if we look at the stimulus

checks where is it going

so forbes they wrote a great article in

which they did the research

and they found that 59.35 percent of

stimulus bills

was used to pay expenses 13.3 percent

was used to pay off debts

and 11.98 percent was used to add to

savings

slash investments but what you need to

remember about

all of this is it's all artificial money

those companies that are receiving that

stimulus money spent on expenses

in a normal economy would not have got

it those companies like banks who were

receiving debt

payments from the stimulus bills they

would not have got it

they would have been considered faulty

loans and the bank would have lost out a

lot

and those who invested in the stock

market would not normally have been able

to do so

but of course the stimulus checks allows

them to do so

you know it's all artificial it all

comes from debt

being used by the government which has

been helped by the fed

and of course this all adds to the

bubble that ron paul's been

talking about so the question now

becomes

what happens when this bubble bursts

what will this mean for americans

and what can we do about it i'll first

let ron paul

answer so what happens when this bubble

the biggest you've ever seen what

happens when this ex when this pops dr

paul

people are going to get a lot poorer we

have been able to convince the people

those who promote this type of a system

that wealth comes out of a printing

press

and the distortions have been so great

and it allows everybody to live beyond

their means uh you know

as it circulates and the individuals

you know can get low interest rates and

they get their houses and the stock

market's happy

but it's all all tied in with male

investment nobody talks much about

inflation and now investment

so it's it's a system that can't last

but

people who have and a society that has

lived way beyond their means i'm

convinced has to live beneath its means

i compare it to an individual

if you or i lived because somebody was

going to give us a million dollars every

month and we didn't have to work

we'd feel pretty good hey this is great

until maybe somebody calls the tune and

say oh

we have to stop loaning you any more

money because you have to pay your bills

and that's what's happening now the

bills have to be paid the economy is

going to turn down

and a lot of people have already gotten

a lot poorer but they're going to get

it's going to get a lot worse unless we

wake up and return to some sound

economic and monetary policies because

you see

we've been living beyond our means for

almost 50 years now

on august the 15th 1971 president nixon

made an announcement

that shook the usa he announced that the

united states will no longer convert

dollars to gold

at a fixed value thus completely

abandoning

the gold standard this meant we could

now print as much money as we possibly

desired because our money's not tied to

anything

we can go into as much debt and buy and

produce

more than ever before because of this

and this is what's been happening over

the past 50 years

but especially recently where we've

borrowed a lot

and we've lived well beyond our means

this has caused an artificial bubble and

artificial inflation in the economy

which isn't good ron paul thinks the way

we get out of this

is to start living below our means he

thinks people

are going to get a lot poorer and we're

going to have to get used to

not living like 21st century kings like

we do now

the other thing i did want to look at is

what is ron paul investing

in if he's so against the dollar if he

thinks that the stock market is in a

massive bubble

where does he have all of his money now

because he doesn't manage a mutual fund

or anything like that

he does not have to publicly disclose

what he invests in

however i've done a bit of digging and i

found that in 2011

he revealed to the wall street journal

what his portfolio looked like

okay so let me give it to you 64 of his

portfolio was in gold and silver miners

21 in real estate and 15

in cash and i'm sure as of 2020 that

cash position

is a lot smaller but gold and silver

there's no real surprise that he has

most of his money

in those positions he's a true currency

guy he's a true

analyst of the system and he thinks

precious metals

should be the formal use of money so

this is what his top

10 holdings were in 2011 i'm not sure

how much they've changed today

but even recently he's been talking

about buying more gold

so his number one position is gold corp

ticker symbol gg

valued anywhere between 500 000 to 1

million

second largest is barrick gold now

that's the same as warren buffett's

berkshire hathaway

buffett recently bought into this exact

same stock

uh and by the way buffett has long been

known

to avoid gold so it's very interesting

that he's been buying it recently

then number three is newmont mining the

largest gold mining company in the world

and the rest of the stocks are gold and

silver

miners so it's fair to assume he loves

precious metals as an investment as

paul says he says the question is would

you rather put 10 000

in a box for 20 years or a few gold

coins

the federal reserve has destroyed 98

of the purchasing power of the dollar

since 1913

and in the meantime they have financed

every war they couldn't have financed

if they were on the gold standard i

think what's going to happen to gold

as it's going to explode when they

realize that the economy is going down

that we're really in a recession so

in a way gold is his big hedge his big

investment to counteract

this massive bubble that he believes we

are in of course he owns silver and real

estate

on top of that as well but let me know

what you think is there anyone out there

who actually thinks this mass printing

of money is good

or are you on ron paul's side and you

think the dollar is going to be

destroyed

and we should be looking into the likes

of gold to prepare

ourselves for what may be to come

you

Ron Paul: “It’s The Largest Financial Bubble In History” Ron Paul: "Es la mayor burbuja financiera de la historia" Ron Paul : "C'est la plus grande bulle financière de l'histoire". ロン・ポール「史上最大の金融バブルだ Ronas Paulas: "Tai didžiausias finansinis burbulas istorijoje" Рон Пол: "Это самый большой финансовый пузырь в истории" Ron Paul: "Bu Tarihteki En Büyük Finansal Balon" 罗恩·保罗:“这是历史上最大的金融泡沫” 罗恩-保罗:"这是历史上最大的金融泡沫"

ron paul one of the great financial

minds in the united states he's been

speaking up

quite a bit lately i'm not sure if many

of you have been paying attention to

what he's saying

but it is interesting and i want to

catch you up to speed he thinks we're

currently in the biggest financial

bubble

in the history of monetary policy here's

the exact words

i happen to believe it's the biggest

financial bubble

in the history of monetary policy for

the whole world

and the correction is going to be very

very violent and it's already

pretty bad so the question becomes why

why does he think this

okay first thing he mentions is

inflation now generally the fed aims for

two percent inflation rate each year

recently the fed have come along and

change this

policy they now want to average a two

percent inflation rate

so that means that the fed is willing to

allow inflation to run

hotter than normal in order to support

the labor market

and the broader economy now this all

sounds well and good

but there are a lot of problems that

come with inflation

ron paul he doesn't like it one bit

because okay

let's look at the definition of

inflation inflation

is a general increase in prices and fall

in the purchasing value of money

basically meaning if you just hold on to

cash it becomes worth less over time

as ron paul says the policy of our

government

is to steal two percent of the value of

the dollar

on purpose and now they've become even

more desperate

towards inflation so do you think that

any sound investor

is going to want to have their money in

the bank no look at the type of interest

that you get on your

money it's terrible the average usa bank

savings rate

is 0.09 percent so

basically this means the money in your

bank is losing its worth for every

second

that you have it in there the mix

between inflation

and low interest rates kills savers

so they think no i'm not going to have

my money in the bank

let's look at the stock market and they

start buying stocks

and what this does is it causes prices

of stocks

to go up anyone who's done economics 101

will know this

as we can see the stock market has

recovered to almost full-time highs

up 45 over the past seven months

the economy however has been going

terrible but stocks have not seemed to

notice

and of course it's not just the stock

market house prices

are around all-time highs as well

because of this same notion

low interest rates which means you can

borrow more and there's no desire to

have your savings in the bank

the next thing that poor refers to as

being a driver of asset prices

is this new notion of unlimited

quantitative easing

so it was in march 2020 when the fed

announced

that they will essentially allow

unlimited quantitative easing

to help the economy except of course

they said it in a much more politically

correct way

they announced that they will continue

their asset purchasing program

in the amounts needed to support smooth

market functioning

and effective transmission of monetary

policy

to broader financial conditions and the

economy

basically there's no limit to the

amounts that they can now print

and this is something that we've never

seen before

unlimited qe so this has resulted in the

fed's balance sheet

blowing up it's now sold past seven

trillion dollars

it's almost doubled in size and we don't

know how much worse this will get

in the future they're not talking a

further one to two trillion

in printing now what does this unlimited

buying of financial assets

from the fed do well it lowers interest

rates of course

and this allows the government to borrow

even more money

because they pay less interest on their

debt because interest rates are low

therefore they can borrow more and this

is exactly what they've done

they've borrowed a lot in order to fund

these stimulus checks

that they have received as ron paul said

they created three trillion dollars to

bail out the first part of the downturn

and now they're talking about another

one to two trillion for the next episode

and it just means people need to get

prepared in many different ways

because okay if we look at the stimulus

checks where is it going

so forbes they wrote a great article in

which they did the research

and they found that 59.35 percent of

stimulus bills

was used to pay expenses 13.3 percent

was used to pay off debts

and 11.98 percent was used to add to

savings

slash investments but what you need to

remember about

all of this is it's all artificial money

those companies that are receiving that

stimulus money spent on expenses

in a normal economy would not have got

it those companies like banks who were

receiving debt

payments from the stimulus bills they

would not have got it

they would have been considered faulty

loans and the bank would have lost out a

lot

and those who invested in the stock

market would not normally have been able

to do so

but of course the stimulus checks allows

them to do so

you know it's all artificial it all

comes from debt

being used by the government which has

been helped by the fed

and of course this all adds to the

bubble that ron paul's been

talking about so the question now

becomes

what happens when this bubble bursts

what will this mean for americans

and what can we do about it i'll first

let ron paul

answer so what happens when this bubble

the biggest you've ever seen what

happens when this ex when this pops dr

paul

people are going to get a lot poorer we

have been able to convince the people

those who promote this type of a system

that wealth comes out of a printing

press

and the distortions have been so great

and it allows everybody to live beyond

their means uh you know

as it circulates and the individuals

you know can get low interest rates and

they get their houses and the stock

market's happy

but it's all all tied in with male

investment nobody talks much about

inflation and now investment

so it's it's a system that can't last

but

people who have and a society that has

lived way beyond their means i'm

convinced has to live beneath its means

i compare it to an individual

if you or i lived because somebody was

going to give us a million dollars every

month and we didn't have to work

we'd feel pretty good hey this is great

until maybe somebody calls the tune and

say oh

we have to stop loaning you any more

money because you have to pay your bills

and that's what's happening now the

bills have to be paid the economy is

going to turn down

and a lot of people have already gotten

a lot poorer but they're going to get

it's going to get a lot worse unless we

wake up and return to some sound

economic and monetary policies because

you see

we've been living beyond our means for

almost 50 years now

on august the 15th 1971 president nixon

made an announcement

that shook the usa he announced that the

united states will no longer convert

dollars to gold

at a fixed value thus completely

abandoning

the gold standard this meant we could

now print as much money as we possibly

desired because our money's not tied to

anything

we can go into as much debt and buy and

produce

more than ever before because of this

and this is what's been happening over

the past 50 years

but especially recently where we've

borrowed a lot

and we've lived well beyond our means

this has caused an artificial bubble and

artificial inflation in the economy

which isn't good ron paul thinks the way

we get out of this

is to start living below our means he

thinks people

are going to get a lot poorer and we're

going to have to get used to

not living like 21st century kings like

we do now

the other thing i did want to look at is

what is ron paul investing

in if he's so against the dollar if he

thinks that the stock market is in a

massive bubble

where does he have all of his money now

because he doesn't manage a mutual fund

or anything like that

he does not have to publicly disclose

what he invests in

however i've done a bit of digging and i

found that in 2011

he revealed to the wall street journal

what his portfolio looked like

okay so let me give it to you 64 of his

portfolio was in gold and silver miners

21 in real estate and 15

in cash and i'm sure as of 2020 that

cash position

is a lot smaller but gold and silver

there's no real surprise that he has

most of his money

in those positions he's a true currency

guy he's a true

analyst of the system and he thinks

precious metals

should be the formal use of money so

this is what his top

10 holdings were in 2011 i'm not sure

how much they've changed today

but even recently he's been talking

about buying more gold

so his number one position is gold corp

ticker symbol gg

valued anywhere between 500 000 to 1

million

second largest is barrick gold now

that's the same as warren buffett's

berkshire hathaway

buffett recently bought into this exact

same stock

uh and by the way buffett has long been

known

to avoid gold so it's very interesting

that he's been buying it recently

then number three is newmont mining the

largest gold mining company in the world

and the rest of the stocks are gold and

silver

miners so it's fair to assume he loves

precious metals as an investment as

paul says he says the question is would

you rather put 10 000

in a box for 20 years or a few gold

coins

the federal reserve has destroyed 98

of the purchasing power of the dollar

since 1913

and in the meantime they have financed

every war they couldn't have financed

if they were on the gold standard i

think what's going to happen to gold

as it's going to explode when they

realize that the economy is going down

that we're really in a recession so

in a way gold is his big hedge his big

investment to counteract

this massive bubble that he believes we

are in of course he owns silver and real

estate

on top of that as well but let me know

what you think is there anyone out there

who actually thinks this mass printing

of money is good

or are you on ron paul's side and you

think the dollar is going to be

destroyed

and we should be looking into the likes

of gold to prepare

ourselves for what may be to come

you