We Are On Verge of The Greatest Depression In History - Jeff Berwick and Dustin Nemos
We Are On Verge of The Greatest Depression In History - Jeff Berwick and Dustin Nemos
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Jeff is interviewed by Dustin Nemos, topics include: Austrian business cycles, current state of the economy, central banking and inflation, we are in the biggest bubble now, debt backed fiat, the destruction of the economy, preparing for the crash, putting your house in order, assets and crypto on sale right now, perils of the crypto market, retirement funds, rising interest rates mean falling bonds, self directed IRAs, the permanent traveller lifestyle, flag theory, governments are crime gangs, one world government, economics and capitalism, Anarchapulco 2019
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I really hope not, we will get rekt.
The Global economic system is over indebted on a vastly over-inflated - like a grotesquely obese human, it can't fit another thing in - it's time to let it die.
I love the reference of centralized banking being the New Age communism, it’s just so blatantly truth!
I’ve been working my butt off for the last year trying to dig myself out of debt so I will be in a better place with this bubble finally pops.
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I too am enslaved by debt. It's the worst. I didn't realise just how viable the alternatives were; now I do. I've got no capital though. I hope that Steem will help me to change that.
we have been in a decline for years all these politicians do is kick the can down the road.
Great video Jeff. Thank you for all your work.
Great interview, thanks. In 5 years every individual will have to choose between Bitcoin-freedom or Governmentcoin-enslavement.
Some perspective from Japan where I live:
The bank of Japan publishes every month a list of all the Govmnt debt and equity they buy: http://www3.boj.or.jp/market/en/menu_etf.htm
The BOJ, a public traded company by the way, owns more than half of Japan's debt and also more than half of Japan's equity.
The BOJ stock price is around $300 with 1M stocks being issued, that means a MC of $300M. The BOJ's balance sheet is over 5 trillion USD, more than 15000 times its MC and about the same as Japan's yearly GDP.
By the way, please do not think that capitalism is an ideal system, no economic system is. Capitalism promotes the enslavement of the have-nots by the haves. In the future we should have a kind of voting system by smart contracts to protect the have-nots.
So very true it appears it getting closer and closer yet people still doubt me when I point it out "they won't allow that to happen is the response". I keep trying to advise people and directing them to your site and other so hopefully some will follow this advise. Indeed the hundredth monkey is stirring though and things as going to start changing rapidly I think. Keep it coming even though I can't afford the newsletter I follow what I can from your interview 💯🐒