That means all business should be publicly financed and income is allocated according to a national plan where differences are limited to only what is necessary to get people to do hard work
Limiting inequality would enable us to pay every worker from $115,000 to $460,000 per year for working JUST 20 HOURS per week
It will make everyone wealthy and eliminate nearly every social problem we have
email me if u want more info and sources on this idea
When you begin to realize jobs as a building base for an economy has lost it's place and will continue to do so (growing population + advancements in technology = less jobs for people) you start to see all of the analysis like this one, while important to understand will mean nothing when people will not have the means to "earn" the right to live.
A person asked him the first question and said when do you think we will have the next recession - His response "first quarter of next year" meaning 2011 I assume since this was posted in 2010. He was wrong, no recession Another thing - Inflation is just as bad as a depression because 1. all savings are wiped away 2. Value of the dollar is destroyed 3. Real wages fall as compared to hours worked
At 25 minutes in he reveals he is somewhat of a moron. He cites that when government debt rises to 90% it seems to reduce potential GDP by about 1%, thereafter he says this is not a theory but simply a fact, thereafter he reiterates that there is no true explanation or theory behind this piece of data, however he wishes to use it to make strong predictions about what is going to happen. However, one can not make predictions simply based on statistics, you need a theory behind it.
@kscrasefrncs You need to re-watch the video please. He is basing his predictions off the study done that he references at the start of the speech. The "theory" you are looking for is talked about. It was a study done by the pair of economist that showed these events to be truism's. "It's just the way things are" .... i.e, The sky is blue, up is up and debt in excess of 90% of GDP kills economies.
I've listened to other economists explain 20:10 backwards (unsure which is right ) - they explained that when private spending 'falls' by $1 the government steps in and thinks they need to spend $1
Works out the same - but it's nice to know the 'mechanism' - who or what is doing the pushing or pulling - and the 'agents' - why
He's horrible. Very confidently leading one to a conclusion that is mush. Over and over again, very predictable and frustrating. You want to like him but he never delivers.
No John we will not muddle through because this time it's not the 70s. Oil was expensive then temporarily and only reason that recession ended was because oil became cheap again.
Now we are hitting peak and a declining curve and ever higher energy costs. I don't get it how so many economists fail to see the true reason behind what we are facing now....
Here's an idea... Countries with huge debt problems have their banks become international, lending to developing countries.
There's a shit ton of poor people in developing countries with good ideas, and they all probably have or could get access to a cell phone. International lending puts entrepreneurship into developing countries, and their work pays their debt, which in turn pays ours.
Economics is asking how to change a tire on the car as it rolls down the road. In real US silver money fro 1963 the Dow is $480, not $12,000. Gasoline is 14 cents per gallon, and real wages for nurses, teachers, cops is $1.40 per hour not $35. It's all currency debasement caused by counterfeit money. If the counterfeiting stops the Dow goes to $480, wages go to $1.40 per hour, and we default on all debt. Jobs, government, and banks evaporate. Protect yourself.
The so called Austrian Economics is the answer - it always has been and it always will be. He is selling more than imparting information. So many words and so little said.
Mauldin is an idiot. If he knew his head from his a** he would have written a b ook BEFORE the collapse and predicted it instead of writing some stupid boo that wont tell you jack. Maudlin is a snake oil sellsman like many others in the media.
Not a good premise. why... there are especially at this time Many Private investment opportunity not enough private investors now since they mostly took it in the Shorts for the last 3 years. Tada.!!!! And are terrified of their own shadows now.
Informative presentation. I disagree with his inflation view @ 32:00+. Japan has an extremely high cost of living at the levels that hurt the most (real estate, food, transport..etc), so they did get high inflation throughout their 20 year so-called deflation. And that high cost of living is a huge strain on their workers, so people should NOT hope for inflation.
In an attempt to address more of the Pre-Singularity Economics, I've started to unite some of the economic & business observations across multiple fronts in this article:
debt means poor people have too little income to spend so they borrow it from rich people who save because they have too much income to spend
the systemic problem is income inequality.
the capitalist system of matching consumers with producers is moronic because it always leads to concentration of wealth and inequality.
capitalism should be replaced with democracy where everyone has equal political AND economic power
kajmobile 1 week ago
Capitalism should be replaced with DEMOCRACY
That means all business should be publicly financed and income is allocated according to a national plan where differences are limited to only what is necessary to get people to do hard work
Limiting inequality would enable us to pay every worker from $115,000 to $460,000 per year for working JUST 20 HOURS per week
It will make everyone wealthy and eliminate nearly every social problem we have
email me if u want more info and sources on this idea
kajmobile 1 week ago
@kajmobile you're and idiot
davidtil 4 hours ago
Here's your only solution: Shoot ten nuclear missiles at every country that wants to collect on your debt. Oh, your doing that already!
Jai666666666 2 months ago
When you begin to realize jobs as a building base for an economy has lost it's place and will continue to do so (growing population + advancements in technology = less jobs for people) you start to see all of the analysis like this one, while important to understand will mean nothing when people will not have the means to "earn" the right to live.
moety2 2 months ago
A person asked him the first question and said when do you think we will have the next recession - His response "first quarter of next year" meaning 2011 I assume since this was posted in 2010. He was wrong, no recession Another thing - Inflation is just as bad as a depression because 1. all savings are wiped away 2. Value of the dollar is destroyed 3. Real wages fall as compared to hours worked
dmeiske1 2 months ago
At 25 minutes in he reveals he is somewhat of a moron. He cites that when government debt rises to 90% it seems to reduce potential GDP by about 1%, thereafter he says this is not a theory but simply a fact, thereafter he reiterates that there is no true explanation or theory behind this piece of data, however he wishes to use it to make strong predictions about what is going to happen. However, one can not make predictions simply based on statistics, you need a theory behind it.
kscrasefrncs 3 months ago
@kscrasefrncs You need to re-watch the video please. He is basing his predictions off the study done that he references at the start of the speech. The "theory" you are looking for is talked about. It was a study done by the pair of economist that showed these events to be truism's. "It's just the way things are" .... i.e, The sky is blue, up is up and debt in excess of 90% of GDP kills economies.
sugershakify 3 months ago
If only Americans had a problem over-consuming this type of information instead of over-consuming cheap frozen pizza and ice cream from Wal-Mart.
jones6119 5 months ago 3
heres a soloution do away with money love your neighbour and theres enough for everyone to live nicely.
jimpurdie 5 months ago
I've listened to other economists explain 20:10 backwards (unsure which is right ) - they explained that when private spending 'falls' by $1 the government steps in and thinks they need to spend $1
Works out the same - but it's nice to know the 'mechanism' - who or what is doing the pushing or pulling - and the 'agents' - why
OghamTheBold 5 months ago
He's horrible. Very confidently leading one to a conclusion that is mush. Over and over again, very predictable and frustrating. You want to like him but he never delivers.
commchf 5 months ago
No John we will not muddle through because this time it's not the 70s. Oil was expensive then temporarily and only reason that recession ended was because oil became cheap again.
Now we are hitting peak and a declining curve and ever higher energy costs. I don't get it how so many economists fail to see the true reason behind what we are facing now....
zarni000 6 months ago
And we need an economist to tell use we can't borrow ourselves out of a debt crisis.....
zarni000 6 months ago
Every video he's in the same Ugly suit, for the last to years... Red flag
simgakappa 7 months ago
This man looks like what a 1000 year old person will look like after Aubrey de Grey's rejuvenation therapies
This is me in the year 3011
DrFuriousPurpose 8 months ago
Here's an idea... Countries with huge debt problems have their banks become international, lending to developing countries.
There's a shit ton of poor people in developing countries with good ideas, and they all probably have or could get access to a cell phone. International lending puts entrepreneurship into developing countries, and their work pays their debt, which in turn pays ours.
Would need a whole new category of regulations...
xKlondikex 8 months ago
@xKlondikex LOL now I'm at 56 minutes he basically just said that, I had the exact idea 14 minutes in...
Brains; I has them.
xKlondikex 8 months ago
Mauldins rant on GlassStegal is right on!!!
ThunderAppeal 10 months ago 6
Economics is asking how to change a tire on the car as it rolls down the road. In real US silver money fro 1963 the Dow is $480, not $12,000. Gasoline is 14 cents per gallon, and real wages for nurses, teachers, cops is $1.40 per hour not $35. It's all currency debasement caused by counterfeit money. If the counterfeiting stops the Dow goes to $480, wages go to $1.40 per hour, and we default on all debt. Jobs, government, and banks evaporate. Protect yourself.
jackgoldman1 11 months ago
The so called Austrian Economics is the answer - it always has been and it always will be. He is selling more than imparting information. So many words and so little said.
sow4now 11 months ago
@sow4now
isn't that the definition of an economist?
he also has to sell a book....
zarni000 6 months ago
I was thinking of getting a face lift...not anymore.
bizwiz21 1 year ago
@bizwiz21
Ditto that, and the dentures. In fairness, it may be about involuntary reconstruction - I have no idea.
sow4now 11 months ago
Mauldin is an idiot. If he knew his head from his a** he would have written a b ook BEFORE the collapse and predicted it instead of writing some stupid boo that wont tell you jack. Maudlin is a snake oil sellsman like many others in the media.
MrSchiffisaclown 1 year ago
Not a good premise. why... there are especially at this time Many Private investment opportunity not enough private investors now since they mostly took it in the Shorts for the last 3 years. Tada.!!!! And are terrified of their own shadows now.
s404n1tn0cc 1 year ago
LOL @ 50:08 through 50:30 . Poor Greeks.
vortical911 1 year ago
It,s the derivatives stupid.
gogitasan 1 year ago
Does anyone have any idea what biotechs John Mauldin is interested in?
bkdmd 1 year ago
Informative presentation. I disagree with his inflation view @ 32:00+. Japan has an extremely high cost of living at the levels that hurt the most (real estate, food, transport..etc), so they did get high inflation throughout their 20 year so-called deflation. And that high cost of living is a huge strain on their workers, so people should NOT hope for inflation.
ISeeThemNow 1 year ago
@ISeeThemNow
Japan did not get the types of inflation that would be expected of such economic factors.
It would have been many orders of magnitude higher.
bighands69 1 year ago
very informative speech, his newsletters are also insightful.
Kmezon2 1 year ago
In an attempt to address more of the Pre-Singularity Economics, I've started to unite some of the economic & business observations across multiple fronts in this article:
Technology Acceleration Economics 101 (Google please, I cannot paste links here)
dominiekth 1 year ago
Comment removed
dominiekth 1 year ago