We're now in a new
We're now in a new depression (NOT recession): Middle class eradicated, small business obliterated, multinational corporations bolts everything! So let's understand economy & reveal what MSM won't report, as in Pt. 1: What's debt? What's currency? Who create & destroy money? Why bubbles? Why a new financial crisis? Why did the stock market crash just prior to the pandemic? MMT, Crypto, Fiat, or Gold standard? Why's taxation needless? Hayek or Keynes? What's microloans? Why ought populists join across wings? Is Culture War & ID politics helping the elite? How's Divide & Conquer crushing Class Struggle? + We discuss UHC & 2020 US politics...
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Forum Borealis is a paradigm expanding podcast exploring controversial, marginalized, innovative, obscure, anomalous, & system critical topics within history, culture, philosophy, science, & politics, through in depth conversations with the most interesting authors, scholars, researchers, & freethinkers of today. Our programs are chronologically arranged in different series collected in separate playlists (see https://www.forumborealis.net/series).
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The Money Game: UBI, MMT, & The Corona Crash (Part 1 of 2) - A conversation with Robert Bonomo
© Forum Borealis. May not be reproduced in any commercial way.
Guest: Producer Robert Bonomo (https://www.forumborealis.net/guests)
Recorded: 19 March 2020
Bumper music used with cordial permission from © Loopus.net
/"The only thing necessary for the triumph of evil is for good men to do nothing." - Edmund Burke 1770 a letter addressed to Thomas Mercer / 501 Deaths & 10,748 Other Injuries Reported Following COVID Vaccine, Latest CDC Data Show. The numbers reflect the latest data available as of Jan 29/2021 from the CDC's Vaccine Adverse Event Reporting System website. Of the 501 reported deaths, 453 were from the U.S. The average of those who died was 77, the youngest was 23. / A new report out Tuesday from the U.K. government framing the natural environment as "our most precious asset" says the world's destruction of biodiversity has put economies at risk and that a fundamental restructuring of global consumption & production patterns is needed for humanity's survival. The 600 page review was commissioned by Britain's Treasury and authored by Partha Dasgupta, professor emeritus of economics at the University of Cambridge, who wrote that a gross domestic product (GDP) is a faulty measure of sustainable economic growth. / Cardiothoracic Surgeon Warns FDA, Pfizer on Immunological Danger of COVID Vaccines. Dr. Hooman Noorchashm says FDA, Pfizer & Moderna must consider the danger COVID vaccines pose to the recently convalescent, frail or anyone with significant cardiovascular risk factors. / Amazon, Facebook, Other Tech Giants Spent $65 Million to Lobby Washington Last Year. / Facing sluggish demand especially among healthcare workers, for Pfizer's and Moderna's experimental COVID vaccines, employers float a variety of incentives that some say border on coercion. / Robert F. Kennedy Jr. & Baum Hedland Law Firm from Los Angeles, California have field their fifth lawsuit against Merck, taking on the drug company's dangerous & deceptive Gardasil vaccine and standing up for innocent young people who have been disabled by the vaccine. / The Central Intelligence Agency (CIA) released thousands of previous classified documents on unidentified flying objects (UFO). The documents were made available to the public on the Black Vault, an online archive of declassified government documents. Senator Marco Rubio, a Republican from Florida who leads the senate intelligence committee, suggested that lawmakers are more concerned about technological advancement from U.S. adversaries than signs of extraterrestrial life. "Frankly, if it's something from outside this planet, that might actually be better than the fact that we've seen some sort of technological leap on behalf of the Chinese or the Russians or some other adversary." he said. / Why is Bill Gates buying up farmland across America? The fourth richest person in the world & top financier of the World Health Organization, Bill Gates, has silently become the biggest farmland owner in the United States. Bill Gate's Sardonic influence is part of a greater INFLUENCE that seeks to use Americans & their resources for international control and exploitation. NewsPunch.com Agriculture.com Reuters.com /Home Run King Hank Aaron (86) Dies of 'Undisclosed Cause' 18 Days After Receiving Moderna Vaccine. / WHO finally admits problems with PCR Tests. / Leak footage of Chinese medics in Wuhan discussing among themselves deaths associated with the Wuhan coronavirus (COVID-19) has reached the press, revealing once again that China's "pandemic" narrative has been nothing but lies this entire time. The Chinese virus was known as early as December 2019. / Brainwashing Process https://youtu.be/_GadX2sJNHw / Truth, Liberty & Freedom / https://thehighwire.com / & https://childrenshealthdefense.org/defender/ / & https://www.naturalnews.com / & https://www.geoengineeringwatch.org / & https://darkjournalist.com / Heros: Tribut to Dr. Scott Jenson https://youtu.be/sVmNFoEjv90 ,,,..
Any store of value is always backed by the confidence that it has value. This guy starts of with Marx LToV. It is a problem that banks and markets trade on the confidence, and not the value itself.
AI bring someone who can talk about Nasa and their fake operations, please.. someone who can even talk about the format of the Earth!
Billion plus investment from musk in bit coin today I'm here debating whether to invest a tenner on Tombola cheers FB
We want the hess mess,we want the hess mess,we want the hess mess.
Questions on Protecting
Questions on Protecting Wealth with Gold & Silver?
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Question 1: 0:55
Gary Huffman: What's this Great Reset gonna do to my government retirement, my military retirement, my VA disability, and my social security? As you can see I'm government dependent
Question 2: 4:58
JFitt: Hello & Happy New Year. I am curious where can I find your suggestion of how much % of one's assets should be in metals. I believe you gave a % of your assets.
Question 3: 6:11
Darren MooreJr: If the IMF bails out the world with SDRs and within the basket they include gold, what type of disruption would that cause to global economy?
Question 4: 8:21
Fabrice: Assumed gold is again going to be the world reserve currency, what would the role of silver be??
Question 5: 10:07
Obed Perez: When do you think UBI is coming?
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Like the amethyst geo rock
Like gold better
Where the hell is the supreme court?
Lynette, I believe in crypto currency’s but I am concerned about the because since I have been involved they have went from about 1400 to now thousands of coins/tokens and many do absolutely nothing. My question is, do you think the Fed is printing so much money that this is another place to put it because it has to go somewhere/many places including stock market. What’s your thought. Can you talk about this. I believe we have so much fake growth everywhere with no jobs.
What about gems? I think they are valuable in the long run.
From a technical point of view, the RSI looks promising in favor
of the bulls, as the daily RSI is at the bullish territory above 50
(after reversing earlier today). At the same time, the Stochastic
RSI oscillator is about to make a bullish crossover at the
oversold area. In case this happens, it might assist the market
in reaching higher highs. Lots of folks will do so well in the next
bull market but you shouldn't be of the mindset to only hodl, can
be very dangerous. As hard as it is trading Crypto, it sure is way
more lucrative and is quite logical if you just learn & pay
attention to what's going on, I'm not a pro tradēr but I was lucky
enough to make 20B TC since late last year following the
instructions and signals from results Claus Smith. He runs
program for Wealthy Elites to how tradıng bitcoin works, helping
them utilize the volatility of the crypto market and also stacking
up more bitcoin. You can easily get to them
ViA Ma'IL [email protected].c...o...m.. /whatasapp((+13615020533).
Here's exactly what would
Here's exactly what would happen if everyone in the world got a million dollars
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Today I wanted to talk about what would happen if everyone in the world got one million dollars and suddenly everyone became millionaires. Because as of right now, millionaires make up roughly 0.9% of the our world and yet, they own about half of the world’s entire wealth at $361 trillion dollars in approximate value, while the bottom 56% or roughly 1 out of 2 own only 1.8% of the global wealth according to the annual Global Wealth Report: https://bit.ly/3nuuBVx
The idea of giving people money is becoming really popular lately especially when it comes to what’s been going on in the world with talks of more stimulus for the economy and even other universal basic income plans like Andrew Yang’s plan which comes in the form dividend payments of $1,000 a month. But let's go on the extreme end of things for argument sake and assume that everyone all of the sudden got a million dollars over night. For most people, if they got one million dollars they’d probably be very happy about that and they’d have lots of ideas on how to spend that money.
For example, the Charles Schwab Modern Wealth Survey asked people what they’d do if they got one million dollars and they found that 21% of people or a 1/5th said they would save it for a rainy day which is smart because one of the keystone principles of personal finance is to have an emergency fund that covers at least 3 to 6 months of expenses, that’s one of the first rules of basic financial literacy.
Another 23% of people said they would invest that money which is smart. If you can invest one million dollars the right way, you can actually live your entire life withdrawing $40,000 a year and theoretically never run out of money because your money would grow faster than you can spend it. All you have to do is buy something like VTI which is an index ETF that tracks the total US stock market and hold on to it for the long term and it should return around 7% per year (over the long term)
Another 28% said they would pay down debt which is also extremely smart because the worst form of debt is credit card debt where the interest that people pay on credit cards can be upwards of 23% so getting rid of bad debt is smart and should always be a priority. Lastly, over half of the people polled or 54% said they would spend it on a house, a car, or leisurely expenses like traveling. But what if people actually got that million dollars?
If that were to happen for real, the first thing people would do is go out and start buying stuff in mass so you’d get massive amounts of traffic, accidents, and problems not unlike the Black Friday shopping deals we see every year. That’s because as the announcement of this million dollars hits, it’s going to take into effect piece by piece but not all at once because businesses have to adjust their prices just to make sure they have enough supply to meet this insane spike in demand from all these newly minted millionaires.
Businesses would not be able to supply everyone with enough stuff so grocery stores, movie theaters, restaurants, and basically every business that sells a product or service will be forced to shut down in order to re price everything to reflect this new demand. As a result, the dollar menu in McDonalds now becomes the $100 menu. A Toyota Corolla would increase from $15,000 to $150,000, and digital currencies like BTC almost literally go to the moon. This is also true for rents and home prices because they would skyrocket 100% or more almost overnight just because landlords know they can increase rent prices across the board and people would be able to afford to pay them.
Overall the cost of living across the board would go up and most people would go broke again over the span of six months to one year. There's a few more interesting things that would happen and actually are happening in the world right now due to hyperinflation which the video discusses.
*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Giving off B I G XRP vibes lol
You mean Bitcoin?
Andrei take this political propaganda down man. This is literally fake news giving a one off million dollars is not the same as UBI.
The money will always trickle up to the rich
I love your content and this is honestly your worst video. It would take 83 years of giving a yang UBI to give out 1 million dollars to one person. The video idea and the title are so misleading, I don’t get what your angle is besides click bait to increase view count. Kinda disappointed tbh.