Everyone expected $200 oil when the strait closed. It fell to the 60s instead, and one explanation almost nobody wants to hear: global demand is dying
George Gammon flipped the entire debate on its head. While guests have argued supply and manipulation, his read is simpler and darker: China stopped buying because China doesn't need it.
Their real estate market, once the LARGEST asset class on Earth, has erased twenty years of gains, a financial crisis playing out in slow motion.
Saudi Arabia offering Asia discounts it hasn't given since 2020 tells the same story.
Energy is the economy, and the economy is stalling.
Then he told me about driving across Argentina trying to live on nothing but gold, silver, and Bitcoin.
Nobody wanted any of it.
Jewelers offered 50 PERCENT haircuts on gold coins.
What everyone demanded instead was dollars, and even their own peso, melting 20 percent a MONTH, beat Bitcoin.
His explanation is the network effect: the dollar is the iPhone, everything else is a flip phone, and to dethrone it you'd need something a hundred times better.
Which is why his fear runs opposite to the crowd's.
He doesn't worry about the dollar crashing down.
He worries about it crashing UP, and taking the world with it.
@GeorgeGammon
@prrobbins False. If the market were always right, it would be impossible to beat the market. The very existence of billionaire investors and traders proves this is completely wrong.
@MR6814401375741@ImBreckWorsham The Hebrew word for flocks used here is עֲדָרִים (adárim). Not goy. Wrong again.
And...that's the 3rd time you get caught lying, after being proven wrong every single time. So you're not just ignorant, you're also dishonest.
Strike 3, you're out. Blocked.
@MR6814401375741@ImBreckWorsham "The wild beasts of the Earth".
So "Goy" here is translated as "The Earth". Pretty similar meaning to "the nations".
While beast is still the Hebrew word "chayto".
@MR6814401375741@ImBreckWorsham Again, BS.
Zephaniah 2:14 says "all the beasts of the nations". It uses both the word beast (chayto) and the word nation (goy). It does not use goy to mean cattle in any way.
Again, goy means nation, this is a fact, and anyone saying it means cattle is clueless.
Anyone selling premium subscriptions is a fraud.
When you beat the market, you do this :
- Managing capital
- Learning
- Finding more capital
This is full time. But it scales exponentially.
Grifting people for 20$/mo is linear scaling. Why would you waste time on that?
@ExplosiveMediaa Agreed with your other videos, but this one sucks. Israel and the war machine are fair game, but looks like you really just hate America like the average leftist.
@jasonllevin Corporations do not need government babysitting. But they get it because government is incompetent and corrupt.
That's not capitalism. That's socialism for the rich.
@TraderGrai This is my experience as well. Learning on the fly. Studying every material I can find and making my own path. Add a lot of trial and error on fake money accounts to try out strategies.
@FroehlichThors1 This is actually the smartest thing I've heard from the ECB in months.
Hawkish incompetence has been in full force at the ECB lately. Hiking at 2.2% core. And still talking about hikes with oil back to pre-war levels, which is beyond anything I've ever seen.
@QuintenFrancois This was the cycle of fake institutional demand.
As there never was such a thing, since it is entirely funded with retail money, the outcome is no surprise.
@charliebilello The issue isn't that their view is a consensus. The issue is that their view is wrong.
The dollar is doing just fine. The gold bubble (gold at 3x its historic inflation-adjusted price) is just reverting to the mean.
Gold bugs are getting sent back to Econ 101.
The biggest takeway of the $MSTR / $STRC debacle has nothing to do with Bitcoin.
It's a perfect case study on how long it takes for high rates to pop a bubble. MSTR bought their first Bitcoin in 2020. That's 6 full years of leveraged bubble before the inevitable bust even starts.