“MARK MY WORDS! Central Banks Will Send BTC & Crypto Straight to the Moon” – Raoul Pal (my view on economy)


by Alex Christoforou, The Duran:

I haven’t followed much Ukraine news for over a week. Lately, with the yen carry trade unwind, I’ve been focused specifically on economics. I posted videos before with Raoul Pal. While he’s insightful, he’s not entirely honest when blaming what happened on simple people, as he mentioned in the last video I posted:

TRUTH LIVES on at https://sgtreport.tv/

“Politics has gone like this because everybody’s so bloody angry. They can’t figure out who’s screwing them, and they’re blaming each other. What screwed them is that there were too many old people, and they borrowed too much money.”

This is complete nonsense, which is explained in another video also attached to this post. All of this started in 1995, during which the fight was on to help low-income earners. The U.S. government passed laws to decrease discrimination against poorer home borrowers. Banks lowered lending requirements, offering packages like reduced payments for several years.

Soon after, in 1999, the U.S. government repealed a law that stopped commercial banks from participating in investment banking activities. This law was the Glass-Steagall Act, which was ironically enacted in 1933 to stop the speculation that fueled the Great Depression. Its repeal in 1999 was a fatal mistake. From that point on, banks that had previously been conservative turned to riskier investments, all in an effort to increase their returns. Banks cared less about their customers and more about Wall Street profits. According to Nobel economics laureate Joseph Stiglitz, this move played a significant role in the financial collapse that followed.

Here’s the current situation, as well described by Raoul Pal:

7:32
“What they’re actually doing is devaluing the purchasing power of money by 8% a year, which is the increase in global liquidity. But most people don’t understand it. You have a savings account, you think you’re doing all the right things, and suddenly you still can’t buy a house, can’t buy as many shares of Tesla as you wanted, and can’t buy as much gold as you wanted. You’re like, ‘Why? I’m saving money, I’m working hard, but I can never get up the ladder.’ That’s what debasement is about.
Read More @ TheDuran.com


Originally Posted at https://www.sgtreport.com


Stay Updated with news.freeptomaineradio.com’s Daily Newsletter

Stay informed! Subscribe to our daily newsletter to receive updates on our latest blog posts directly in your inbox. Don’t let important information get buried by big tech.





Current subscribers:

  • Related Posts

    “I Was Paid Nothing”: Oprah Denies Million Dollar Payment By Harris Campaign

    “I Was Paid Nothing”: Oprah Denies Million Dollar Payment By Harris Campaign

    A TMZ reporter confronted Oprah Winfrey about claims she was paid a million dollars to host a town hall for Kamala Harris’ failed presidential campaign. Oprah rejected those claims. While she may be correct that she did not receive a personal fee, her production company did receive campaign funds from the Harris team.

    The TMZ reporter asked Oprah: “How did you think the election went?” 

    Oprah responded: “Not talking about the election. Thank you very much.” 

    TMZ reporter then asked: “Is it true they [Harris campaign] paid you a million dollars for the endorsement of Kamala”

    Oprah responded: “Not true. I was paid nothing – ever.” 

    On Sunday, in a note titled “FEC Filings Show Kamala Harris Team Blew Funds On Hollywood Stars, Private Jets,” we cited Federal Election Commission filings that show Harpo Productions, which, after searching through public records, Oprah is a director, member of the board and officer of the production company, received a million dollars from the campaign. 

    Per the FEC filing…

    Meanwhile, a Harpo spokesperson told Variety that the Harris-Walz team never “paid a personal fee” to Oprah.  

    “The campaign paid for the production costs of ‘Unite for America,’ a live-streaming event that took place Sept. 19 outside Detroit, Mich.,” the spokesperson said, adding, “Oprah Winfrey was at no point during the campaign paid a personal fee, nor did she receive a fee from Harpo.” 

    “Sounds like this should be a bigger scandal,” one X user said. 

    That’s right. 

    Oprah’s presence on the campaign trail, as well as that of many other leftist Hollywood stars, had zero impact on the election outcome. Trump’s message on inflation and illegal aliens trumped Democrat’s message about gender and women’s rights.

    Trump won 312 electoral votes. Republicans have majorities in the Senate and House.

    Tyler Durden
    Tue, 11/12/2024 – 07:20

    Russian MPs pass law banning ‘propaganda’ of childless lifestyles

    Russian MPs on Tuesday passed in the final third reading controversial legislation banning “propaganda” of remaining childless, the latest measure targeting what Moscow depicts as Western liberal ideas. MPs voted unanimously in favour of the draft bill, which bans all types of public materials such as films or media that somehow promote “rejection of childbearing”. […]

    The post Russian MPs pass law banning ‘propaganda’ of childless lifestyles appeared first on Insider Paper.

    You Missed

    “I Was Paid Nothing”: Oprah Denies Million Dollar Payment By Harris Campaign

    “I Was Paid Nothing”: Oprah Denies Million Dollar Payment By Harris Campaign

    Russian MPs pass law banning ‘propaganda’ of childless lifestyles

    Russian MPs pass law banning ‘propaganda’ of childless lifestyles

    MEDIA MELTDOWN! Hollywood’s Post-Election Walk of Shame | The Spice Lounge Podcast

    MEDIA MELTDOWN! Hollywood’s Post-Election Walk of Shame | The Spice Lounge Podcast

    The Two Thanksgivings Between Halloween And Christmas

    The Two Thanksgivings Between Halloween And Christmas

    DC Swamp Draining May Spark Recessionary Pain For Region

    DC Swamp Draining May Spark Recessionary Pain For Region

    With Overthrowing Iran On The Agenda, Western Media Ignore Facts To Spread Propaganda

    With Overthrowing Iran On The Agenda, Western Media Ignore Facts To Spread Propaganda