John Mauldin: It's Time To Make The Hard Decisions

[Bigdawg3433]

Do you see a 30-40% US dollar devaluation?

[charronfamilyconnect]

What if your like me and have a paid off house, $50,000 in physical silver/gold, and $150,000 liquid cash, what would you do? I am thinking of buying real estate with my liquid cash outright, and earning 10% return on that money. Isn't that better than putting it in a damn bond/t bill or the paper world of the stock market? Isn't a plan for 10% return on something you owe nothing on, a good way to go? Anyone have opinions? Thanks!

[Bigdawg3433]

@charronfamilyconnect you have to pay taxes on RE

[charronfamilyconnect]

@Bigdawg3433 Then rent the sucker out or raise the rent in line with taxes. Sounds simple enough. What doesnt have tax on it other than gold and silver? I have enough of that for any emergency!

[wreelp]

"Are you smoking some funny data?" lol

[200FuckingPonies]

I read his book, very good overview of the hole we've dug ourselves into with all this debt. I was delighted Chris got him on so he could ask him about peak oil and other limitations to growth. Was left underwhelmed to be honest. While obviously an economic expert, I think he falls into the same trap as many others from his profession, thinking once this debt problem has worked its way out of the system we'll return to growth as usual. Technotopian stuff based on hope rather than facts.

[scottj719]

Truthers fall into the same trap as everyone else, maybe even more so which is (If somebody thinks other than I do, they're a liar, a fool, mis-informed, deliberately mis-leading, etc, etc. etc.) If somebody walks up to you and says there is only on way to salvation and that's Allah. Did they lie to you, or did they express their belief to you? There are people and forces that are trying to influence you, infact anybody and everybody is trying to influence you but not everybody is malevolent.

[lynnybee888]

how come there was no mention of WALL ST. fraud that got us into this debt mess ! ?

[troglodyte2084]

Phew! Breath easy everyone. The USA has unlimited coal seam gas (which is just like oil...isn't it?), they just have no money. Unlimited energy, finite fiat money. Makes complete sense. Thanks best selling author man.

[merchantsailor]

Agree Newt Gingrich is old news, and a useless parasite on the system like Dodd, Obama Bernanke and by the way the reason why Geithner wants out is because like Paulson its time to get paid, Geithner's partings shot will be to be the rich fall guy and send the IMF more lunch money for Greece at our expense, I wonder if he ever paid his Greek Income taxes?

[merchantsailor]

The Federal Reserve is taxing the american people with their cartel ganster actions with the monopolists. Burn down the Fed and change the way the stocks in the stock markets are valued, forget the failed perpetual debt system to hell and the growth at any cost, First step give the money control back to the Treasury and scrap the central bank ponzi system.

[RoberTastic]

meh

not into this guy

While I agree about the overblown debt problem I cant stand supercycle theory which seems to amount to some sort of economic predestination

he doesn't believe in peak oil? why even have him on?

[polarbeach]

@RoberTastic He never said he didn't believe in peak oil. He said he doesn't belive in it in regards of running out of oil, as the world has a massive supply. He said he believes in it on a cost basis as in running out of cheap oil.

[RoberTastic]

@polarbeach

and he is probably wrong

[polarbeach]

@RoberTastic I disagree the Canadian oil sands alone has enough oil to run North America for 100's of years. I think he is probabley right there is a ton of oil just not cheap oil. At this rate the human race won't be around past then anyways.

[72strand]

@RoberTastic I agree, but it was still interesting to hear him.

[VaccineTruth]

Lets see, no mention of Ron Paul and no mention of the Rothschild federal reserve which is the WHOLE problem and can be solved. He likes Newt, that should tell you what he is all about.

Do a search for the phrase below

How To Avoid Voting For A Globalist Puppet

[snerka]

Drill yourselves out of the problem? Where? John Mauldin probably knows finance a hundred times better than I, but I don´t know if the facts are on his side of the drilling debate.

[polarbeach]

@snerka I agree with him do a search on the bakken formation in the US on wikipedia for info and you will understand.

[CandianBear]

We are about to go from human systems having all the energy they need for the maintenance and growth of their systems to where they don't. John comment is we will do whatever it takes to make sure this never happens, like it is only a function of money. We will drill our way out of any crisis...these are assumptions so pervasive in our culture that they are like the air we breath, just assumed to always be there. The problem is they re naive and flat out wrong and time will show them to be so...

[CandianBear]

i believe John is a responsible man and his analysis holds weight when looking at the human systems of finance that are global. What a few are beginning to point out and which is still a blind spot to men like John that there are limits in which a society must adhere to if it wishes to sustain itself over the long haul. The aboriginals of Australia has a society that functioned for over 55,000 years!! Ours is only approx 2000 years old, the Enlightenment only 200.

[1977Melville]

@CandianBear. 55000 yrs? Wow! Any books on this?

[CandianBear]

Exponential growth of finite resources is going to end in tears... increase in efficiency, is a red herring, it simple does not effect the outcome when you calculate exponential growth in consumption of resources over time. John is correct when he says our's is a society that consumes energy, but i would say in response it is almost infantile to assume we as a society can continue to expand our energy consumption forever! the current crisis is nothing when compared to the looming energy crisis

[CandianBear]

i am not in agreeing with his vision around using carbon based fuels. i recognize the reasons why that he would have said this, for in this system with the values clearly on survival of the way it is now, there is no appetite for a cultural shift away from a system that at the end of the day simple can not be supported by the resource base for many more years. John's intrinsic assumption is mainstream economists assumptions that energy harvesting is function of money-wrong it's energy! EROEI...

[SLVBULL]

@sixthfinger86 totally agree with you. There is no saving the US economy. They can only keep inflating until the inevitable default comes.

[CandianBear]

someone who is finally talking sense. No solutions of the issues without pain but we can achieve a moderate turn around in 5 -10 years.... I have no faith in the current form that the Republican party presents itself to make reasonable choices for the betterment of the whole. The Democrats don't have the ability to do what is necessary by themselves , the US needs a bi partisan consensus on tackling the debt, which ties to my statement on the Republicans. I hope to be proven wrong...

[sixthfinger86]

This can be fixed?!?! Really, lol shit John is missing it the true fault line which is starting shake and it will shake violently. The end of US reserve currency and petrodollar standard. This isn't poker but chess people and the US is two moves from checkmate

[dyoungXI]

10 million Shadow inventory Homes is the Elephant in the room.

#Realestateisanassetnotanymore­.

[Pfsif]

Our medical system is CRIMINAL. Raising taxes for the criminal enterprise is not the answer. Why do people never want to fix the problem, they just want to throw money at it?

[Pfsif]

...........he likes Newt?

[jimbobubbadj]

@Pfsif Newt is a member of the CFR and also the Trilateral Comission I believe.

[christo930]

How in the world does lower taxes help with the debt of the US government?

[Minethis1]

@christo930 File Olo Malakies lei CM k o Trifonas! H Germania k H Kanones "not to Print" gamisan oli tin Europi gia plaka! Kita afto to Video watch?v=SIHeavITFI0

If the EZ had Backstopped all Euro bonds to 4.5%, remove this idiotic Austerity and had they Stimulate instead it would have cost them half as much and EZ would be recovering right now Instead of collapsing. Ta leme!

[freesk8]

@christo930 Lower tax rates yield higher tax revenue by stimulating growth, reducing tax evasion, and tax avoidance. Laffer curve.

[christo930]

@freesk8 That shit has been disproved years ago, even if you are an austrian.

[freesk8]

@christo930 That's not true. Just think about it. If the tax rate is 75%, who would try to increase their income? Why bother? But the difference between 5% and 6% tax rates is negligable, yet yields low revenue for the govt. There is a revenue maximizing marginal tax rate, and it is somewhere in the middle. Some researchers put this revenue maximizing tax rate at around 30%. Higher than that you reduce incentives and reduce GDP growth and employment.

[christo930]

@freesk8 Some of our best years in our existence had 90% marginal tax brackets. It's true that there were a lot of loop holes, but it didn't get them down below 35, which is the current marginal tax bracket. The real problem is we have too much unnecessary regulation and too few necessary regulations. There are parts of the economy significantly over regulated and complex and there are parts like the wild west.