Testing The Financial Apologists

But you did not pay for your house. I can't imagine how much better I, and most people, would be if we were given a home. I certainly would not be poor.
Yes, this is a moral judgement. Something you are quick to give but loathe to accept.

The video is from Bald Guy Money. Who isn't going to trust him?Who is this guy? What is his expertise? Why should we believe him?
All questions Phat not only won't answer and can't answer, but questions he has never even conceived.

I dont swear on every word he says, but he makes a case and uses charts from the FDIC to back up his case.An inverted yield curve is when short term T Bills mature higher than long term T Bills and usually indicates a recession in the future.I assimilate information differently than you do. You demand data. You need to see college degrees. You trust government "experts". I do not take notes. I listen to many sources but tend to avoid the ones that most of the peanut gallery consider well informed and trustworthy. I believe that our government does not give us any information that would
cause panic, even if the information had validity. Of course precious metals advocates and salesman will push that narrative, and are not afraid of ruffling feathers.I do not dismiss them only for that reason, however. Why should I expect them to lie in order to sell their product and not expect a government "expert" to do essentially the same thing. Sell the product. Build Back Better.What *is* the product, however? Is it the United States and what we stand for? Is it Democracy? Is it the Western financial system in general? I am unafraid to ask myself these questions as I question the party line narrative.

How long have we been in an inverted yield curve?The government is not selling you anything. The charlatans are. The rest if your post is word salad.

And how has that worked out for you?
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Look up the FDIC charts, include them in your message, then use them as your data for presenting an argument for the case you're trying to make. No one here believes you're describing your understanding of an inverted yield curve. Everyone here believes you looked it up. It's not quite right anyway. We know what you meant when you said "mature higher," but what you really wanted to say is that short term T-Bills currently have a higher yield than long term. No one cares how you assimilate information. What matters is that you don't actually assimilate information. What you do is parrot YouTube videos that resonate with you for reasons having nothing to do with any understanding of the real world. It's in the Forum Guidelines. No we don't. No one here is committing the fallacy of argument from authority. Yes, your intelligence is being impeached and you feel the need to defend yourself, but false accusations cannot accomplish that. All that does is impeach your integrity.Guess who the only person to mention Janet Yellen is in this thread? You. Guess who the only person to mention Paul Krugman is? You. Other mentions are only responses to you. Build Back Better is a slogan. If you would like to describe for us how government experts are lying to us then begin presenting your evidence. I'm sure no one here has any idea what you're on about. You're in some kind of cognitive crisis.--Percy

Youtubers make money off of views. It doesn't matter if what they say is true or not, the money per view is the same. My way of handling this is to buy into mutual funds or similar financial products. Let the experts decide what to invest in, then profit.

Note that the East has its experts and the West traditionally has had theirs. The more I dig the more I find that the topic is political as well as financial. It was the government that weaponized the US dollar, not Wall Street. It was the whales of either political persuasion that began to bet against the dollar rather than with the dollar. One prominant whale, Warren Buffet, was warned to not go public on his investment habits with silver due to fears that his opinion could crash the market. The United States government wants to control the market for two reasons.

Gold and Silver are counter cyclical to the US Dollar. A major move in those markets threatens economic stability.

The US military uses a lot of silver and it would be in the best interests of the military budget for the supply to be available and ideally cheap when needed.

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Yet it was a Democrat (FDR) who initially directly interfered in the market trade of both gold and silver to stabilize the economy in 1933.
It was a Republican(Nixon) who separated Gold from the dollar in 1971, a move that was said at the time to be "temporary".
It was a Republican (Ford) who made it legal to own gold again for the general public. Free enterprise should override government control, in my opinion.
It was a Republican administration who linked the dollar back up with a solid commodity (Kissinger and the petrodollar) and stabilized it(the dollar)

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The OPEC oil embargo's and OPEC were very much political tools.

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If the Republicans have any sway, the government will steer clear of the COMEX.
If the Dems have the power, the digital currencies, mandatory taxation and price controls, and excessive government oversight will rile up many a patriot.
Its like weaponizing the dollar against the precious metal commodities and against your own people.

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And in my opinion, it is like jingoistic patriotism overriding the free markets. Better that we all be sheeple and let the experts guide our investments.

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A government should not be able to nationalize precious metals any more than nationalizing water or air. Im not a full blooded Republican but I am for smaller or more limited scope of government powers and am grateful for a free market economy rather than one choked with manipulation and oversight.

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Thats my rant for this morning...

I trust greed as an incentive. The better a mutual fund does the more people will invest and the more money the mutual fund managers will make. There's nothing jingoistic or patriotic about it. Although, to be honest, I don't think I would buy into a fund that is heavy into foreign investments. This is a risk assessment more than anything else.The other option would be spend months and years learning about different investment strategies, and then spending time every week or every day assessing my portfolio. It just seems like a better idea to let the people who have put in the effort to learn the best strategies for investment invest my money for me, and then pay them a fee. At any time I could move my money to a fund that is getting better yields.

Do you understand the what is meant by the term "petrodollar"?
Do you think that natural resources and public land should be open to exploitation by anyone that wants to?
Where do you think the right to own things comes from?Most of your post is word salad and propaganda and ignored.

And do they really need to tax every single profit anyone makes, no matter the denomination? If your answer is yes, you know why I oppose your politics. Big government will likely get more authoritarian as it attempts to save the dollar from the decline which QE accelerated initially. I will pledge allegience to the flag at every opportunity but I will NEVER worship it.

I will alert the press that Theodoric ignored my post. It should make the front page!

Phat:

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And do they really need to tax every single profit anyone makes, no matter the denomination? If your answer is yes, you know why I oppose your politics. Big government will likely get more authoritarian as it attempts to save the dollar from the decline which QE accelerated initially. I will pledge allegience to the flag at every opportunity but I will NEVER worship it.

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Do you really think so? I mean, that seems like you're taking a bit of both worlds, a big complaint about big government is that it offers all kinds of socialist programs that support people in need, roads, support of various kinds. And some people hate the idea of that.How do you figure that big government will most likely become more authoritarian?And what alternatives are there? Taxation is an easy tool that can be used to redistribute wealth for instance (Like through those social programs), are you one for free market all the way and so called trickle down economics?Because the past has shown us repeatedly that earning money over the lives of people becomes the priority, with no rules and regulations, your own life is worth less and life in the big picture.

The main way gov't is funded is through income tax. How else do you suggest we fund gov't?
Why is the denomination of profit relevant? So you continue to use words and concepts you do not understand. I clearly said public land. Do you understand the concept of public land? But seemingly you worship an entity called the Free Market. The Free Market does not exist without gov't. Do you understand the terms government and free market? Irrelevant, wackadoodle shit. Are you a proponent of the sovereign citizen movement?

irrelevant and off topic.