The Money Illusion – Hidden Secrets Of Money Episode 7 – Mike Maloney


We’re gonna have another catastrophe sooner than later It’ll be bigger than 2008 but the next one’s gonna be strike three, we’ve had two warnings. They’ve been ignored the third time It’s game over We are entering a period of financial crisis that is the greatest the world has ever known The wealth transfer that will take place during this decade is the greatest wealth transfer in history Wealth is never destroyed It is merely transferred and that means that on the opposite side of every crisis There is an opportunity the great news is that all you have to do to turn this crisis into your great Opportunity is to educate yourself. I Believe that the best investment that you can make in your lifetime Is your own education? education on the history of money education on Finance education on how the global economy works Education on how all of these guys two central bankers the stock market how they can cheat you how they can scan you If you learn what is going on and how the financial world works you can put yourself upon the correct side of this wealth transfer Winston Churchill once said that the further you look into the past the further that you can see into the future This program is all about creating your own crystal ball being able to gaze into the future Being able to change this crisis the greatest crisis in the history of mankind into your great opportunity Hi in the last episode of hidden secrets of money I spoke with Harry dent about deflation And the reason that we both feel that it’s absolutely inevitable in the bonus feature I talked with Harry about some of our differences and he believes that it’s going to be a long drawn-out deflation I believe it’s going to be a very short-lived deflation followed by potentially a hyperinflation and the reason is something we’re going to talk about in this episode and it’s velocity of currency and That is all controlled by psychology. I’m very fond of saying that the economy is both psychological and psychological it runs in waves and cycles and those waves and cycles are very logical because of this psychology that’s going on behind it and that Psychology controls the velocity of currency now. I like to teach through the looking-glass of history So I’m going to read you a little bit of my book because there’s a perfect example of this In the Weimar hyperinflation and after I’m done with the book We’re going to come back and we’re going to look at some data So that you get a full understanding of what velocity of currency is and how it affects you so on page 16 We have at the beginning of World War one Germany went off the gold standard and suspended the right of its citizens to redeem their currency the mark for gold and silver like all wars World War one was a war of and by the printing press the number of marks in circulation in Germany quadrupled during the war Prices however, had not kept up with the inflation of the currency supply. So the effects of this inflation were not felt The reason for this peculiar phenomenon was because in times of uncertainty People tend to save every penny and World War one was definitely time of uncertainty So even though the German government was pumping tons of currency into the system. No one was spending it yet But by war’s end confidence flooded back along with the currency that had been on the sidelines and the Ravaging effects worked their way through the country as prices rose to catch up with the previous monetary inflation Just before the end of the war the exchange rate between gold and the mark was about 100 marks per ounce But by 1920 it was fluctuating between 1,000 and 2,000 marks per ounce Retail prices shortly followed suit rising by 10 to 20 times Anyone who still had the savings they had accumulated during the war? Was bewildered when they found it could only buy 10 percent or less of what it could just a year or two earlier Then all through the rest of 1920 and the first half of 1921 Inflation slowed and on the surface the future was beginning to look a little brighter. The economy was recovering Business and industrial production was up, but now there were war reparations to pay So the government never stopped printing currency in the summer of 1921? prices started rising again and by July of 1922 prices had risen another 700 percent This was the breaking point and what broke was people’s confidence in their economy and their currency Having watched the purchasing power of their savings fall by 90% in 1919 they knew better this time around They were smarter They had been here before all at once the entire country’s attitude toward currency changed People knew that if they held on to their currency for any period of time they get burned The rising prices would wipe out their purchasing power Suddenly everybody started to spend their currency as soon as they got it The currency had become a hot potato and no one wanted to hang on to it for a second now on the next page I talked about the front page of the New York Times 1923 and I referenced some information there and I just happened to have a reprint of the front page of the New York Times from 1923 and There’s an article here about the German hyperinflation but what I find more interesting than that is the entire paper is this wonderful time capsule and if you replaced the names and dates in and names of countries and so on and most of these articles It would all be pertinent today. You’d think that you were reading today’s newspaper but when it comes to this article on the German hyperinflation It talks about these paper mills pumping out forty five billion marks per day Now, this is the February edition of the New York Times by November those paper mills were pumping out five hundred quadrillion marks per day so now we’re going to take a look at velocity and How it could affect us in the future So this is me now I developed this keynote presentation to make understanding velocity easy Most economists make it sound really complex and people don’t think they can understand it But stick with me, I think you’ll enjoy this when you’re measuring velocity You’re measuring the number of times each unit of currency changes hands I’m going to have lunch and I’m going to Pay the waiter I’m going to tip him a buck and Then he parked in a red zone that smart morning so his car got towed He’s going to have to take a cab home and he’s going to pay that cab driver That same dollar when he gets to his destination then later on that day The cab driver is going to have to fill his cab with gas and he’s going to use that same dollar again As part of the payment to pay for his tank of gas. So that dollar was used in one two three transactions It had a velocity of three that day in other words $1 but $3 worth of goods and services now we’re going to kick this up a notch and we’re going to call this a country of ten people this economy of just ten people and Their currency supply is one dollar. That’s the only dollar that exists and it circulates once and so you’ve got one dollar times the velocity of one equals a GDP the health the size of the economy is one dollar if it circulates twice It’s two three four five six, seven eight. Nine ten, so $1 times a velocity of ten or ten transactions equals a ten dollar GDP the health of that economy now if you expand the currency supply we’ve given each one of these people $1 if they all make a Transaction there has now been ten transactions But each dollar was only involved in one of them So it’s a currency supply of ten dollars times one transaction each equals a ten dollar GDP So even though you’ve got ten times the currency supply the economy has the same vibrance there was ten transactions it equals ten dollars then we have a Second transaction a third a fourth. This could be a healthy economy. It could also be a common economy running into hyperinflation Keynesian –zz that’s the type of economists that are running the modern-day economy Believe that you can create a healthy economy by changing this figure here the size of the currency supply so the Federal Reserve thinks that by adding currency to the economy that they’re going to be able to stimulate it and make the economy grow and The thing is it isn’t the quantity of currency It’s the amount of goods and services that are created in that country that determines the country’s level of prosperity So if you just add a bunch of currency, all it’s going to do eventually is drive up prices Velocity will slow at first and that’s what we’re seeing now Well, the same thing happened in Weimar, Germany This is the entire hyperinflation from the beginning of World War one in 1914 until the end of 1923 and Most economists are attracted to this big hyperinflation on the end But one thing I discovered when I was writing my book is that there’s almost always a pre hyperinflation Hyperinflation and we see one here where there’s this rise of prices And quantity of currency and then it levels off for a little while and then rises again, and this has to do with the psychology this is the time where I said those people had been there before and experienced that I’m going to zoom up on it and So here you see the currency supply Increasing so they’re they’re doing monetary inflation But prices stay level in the price of gold actually dropped toward the end of the war But as soon as the anxiety is lifted from the population and they start feeling better all of that currency comes out of hiding and people start making transactions and velocity picks up and prices and the price of gold especially Just rose Dramatically and then leveled off Some 16 times higher than they were originally notice that the currency supply is growing at a certain rate the Prices are delayed and then BAM they rise to meet it and and exceed it and then stabilize where to account for that quantity of currency Back to this original chart here what I find interesting. Is that during the war it lagged and Then it caught up and matched the currency supply but then as they kept on printing velocity started to exceed the Currency supply so prices started to rise Faster than they were printing currency and and that’s the endgame for a hyperinflation The big lesson here is that the people who owned gold and silver instead of the national currency Came out relatively unscathed or even made huge gains in their purchasing power Now this is the u.s. Currency supply from 1918 until today and We’ve created all of this currency But we haven’t seen any ravaging inflation yet and that is because velocity has fallen to compensate For the creation of currency, but there will come a time when the psychology of the of the country changes and you will see After this short term deflation where velocity falls even further You will then see the velocity pick up and Prices will rise and I believe that we will go into a hyperinflation because they’re going to create more currency than this and that currency is going to be sitting there and Velocity will have slowed and slowed and slowed to compensate it until something changes psychologically The beginning of every hyperinflation looks like everything is ok again the economy gets better velocity picks up and And and that’s the really danger point and nobody can see it as velocity starts picking up Well, of course, there’s a name for that It’s called money illusion, which is before the inflation really kicks in and and either gets extreme or turns into hyperinflation there Is this feel-good period where you know, there’s more money around and you know, unemployment dropping and people feel more prosperous The price is having quite skyrocket yet it’s all illusory because it’ll go away once the price level adjust but there is that kind of you know period in between and it Is a feel-good period but it doesn’t last very long But you’re making a very good point which is a lot of people assume that Inflation is a function of money supply or money printing and that’s not right It’s a partial function of money supply but the other part of the function is Behavioral it has to do a velocity which is just a psychological phenomena, you know Do you feel good you want to go out for dinner? Do you want to take your friends? Yeah, do you want to take a vacation or do you want to stay home? Leave your money in the bank and watch TV Those are two different states of the world based a lot on your confidence and how you feel Both things have to come together to get the kind of inflation. The Fed wants now here’s the problem They can make the money supply whatever they want. There were certainly printing trillions of dollars. We understand that so far They have not been able to bend the velocity curve They have not been able to get you and me and everyone else in America and around the world to spend more money But let’s say they do they change the psychology. They change the behavior once you change it. It’s very hard to change your back It’s not it’s not like throwing an on/off switch I mean it’s taken years for the Fed to you know, kind of try to inject inflation scared try to get some inflation But what if it actually comes what if inflation goes from? 1% to 3% no matter six months and stays there and looks like it’s going to three and a half percent well The next stop is 10% It’s not the Fed thinks they can dial it back down to two and a half which we’re that which is what they say They want but what they’ll find is once that once that velocity once that behavioral genie is out of the bottle They won’t be able to get it back in. It’ll take off. It’ll take on a life of its own What’s the fair going to do? You know raise interest rates of 10% with unemployment at 7% I mean though people go down and burn down the Fed I mean their their limits on what they can do it, but but the point is once it starts and you’re exactly right It’s a feedback loop. It feeds on itself. The Fed thinks they can control it. They’re wrong the behavioral Aspect of it will be out of control and I guess a we’ll be on our way to 10% if not worse It seems like all of these bright minds that want to run things None of them trusts the free market mechanism. Well, I think that’s right They they will talk to you at nauseam about the failures of the free markets without realizing that most of the so-called Failures are actually the result of misguided government policies from prior times. I’ll give you a classic example 1998 was a warning that’s you know started in 1997 Capital outflows from emerging markets started in Thailand. There was blood in the streets and in Jakarta and Seoul Made its way to Russia Russia imploded took down the hedge fund long-term capital management. I was associated with that So I had a front-row seat On that disaster and finally the world built a firewall around Brazil and Brazil did not collapse Although it would have been the next Domino to fall now there was a clear-cut lesson capital markets came within hours of complete closure and I was there I said with Peter Fisher who was head of open market operations at the Fed his associate Dino cos we were on the phone with Bill McDonough president of the Federal Reserve Bank of New York Gary Gensler was there from the Treasury all the lawyers all the bankers on Wall Street We were trying to hold this together now we did bring it in for a soft landing So the world has kind of forgotten about that episode, but it was extremely close and extremely delicate We were literally hours away from shutting down global bond markets and and and stock markets now What lessons were learned? well the less of that Cascades into the credit card not working in the gas coming out not coming up around that. That’s right There would have been a global bank holiday. We were and we hours away from that now it didn’t happen sir Everyone’s like. Oh, no big deal. That’s fine You know, but there were some lessons that should have been learned You know banks should have been broken into smaller units derivatives should have been banned You know etc. There were things that should have been learned from that instead. What did we do? We did the opposite We repealed glass-steagall which allowed banks to be hedge funds We repealed swaps regulation which allow them to create swaps and derivatives on all kinds of other things that had never been done before We repealed the net capital rule for broker dealers So instead of fifteen to one leverage you were allowed to have thirty to one leverage which Lehman had on the day it went down We we implemented Basel two which allowed banks to use more leverage We did the exact opposite of what we should have learned in 1998. Is it any surprise that ten years later? We had a bigger catastrophe Almost destroyed capital markets again And now here we are not learning the lessons again. We haven’t done anything we need to do so therefore We’re going to have another catastrophe sooner than later It’ll be bigger than 2008 but the next one’s going to be strike three, we’ve had two warnings. They’ve been ignored the third time it’s game over I Don’t see any particularly different difference between my outlook at yours Certainly a situation where society owes more than it can pay and where it has to default either honestly or dishonestly Is deflationary deadly initially being off a default? We are bankrupt we can’t pay ya Dishonestly inflating the way exactly exactly honestly would be to say to the bondholders. Yep. That’s right We say we’re gonna pay it back and we serve it and pay it back with interest. Well too bad So sad times are tough. We lied stronger to follow right say to guys like me. You’re six. Yep I know you’re supposed to get social security when you’re 62 or 65 The truth is we don’t have the money so you’re not gonna get it, right? That’s the honest, right? I think the yield politician is very low with regards to the honest way So I think that we’re going to have deflationary scares and I think we’re gonna have deflationary events I think we’re gonna have asynchronous events, like long-term capital management and things like that that will Initially have deflationary outcomes but I suspect like you that the demand for the public will be for the big thinkers to solve that problem and solve it in the only way they know how Which is to fill every crack even the Grand Canyon of currency So, how is this all going to play out You know, I don’t know exactly but what I do know, is that the longer this goes on the bigger? It’s going to be and I wrote about the past some of the possibilities in my book and this was written before the crisis of 2008 and so in here I refer to Ben Bernanke But I’m going to change that to just the Federal Reserve or central banks for you right now so The day of reckoning will come when millions of baby boomers reached the age where they have to take mandatory distributions from their IRAs as They find that the investments they were counting on for their retirement Their homes and their IRAs full of mutual funds have actually lost value that the amount of stuff that they can buy from the proceeds if they sell their home is actually less than when they bought their home and As they realize that their dream of a comfortable retirement was just that a dream All those boomers will get scared and pull in their horns They will stop spending they will start selling off their assets and the greatest stock market crash in history will unfold As more and more abou MERS panic and sell I believe this will also be accompanied by the greatest real estate crash the world has ever known this perfect storm of bankruptcies and foreclosures will cause the currency supply to contract as the giant credit bubble pops and all those big spenders become big savers When people save their currency, it stops circulating The economic engine runs out of oil and the whole thing locks up This is every central bankers worst nightmare this is real deflation and The world’s central bankers are about to discover the true scale of the horrors of a credit bubble implosion When this happens the Federal Reserve will once again send out its Armada of money bomb dropping Helicopters, but this time something will be different Something will have gone horribly wrong The bombs will have been defused the Fed will try pumping the banking sector by buying up every kind of debt They can get their hands on but to no avail They will go to the extraordinary measures that they had said they were prepared to go to They will buy every mortgage mortgage-backed Security and any other type of debt that panicky investors and banks are trying to sell but nothing good will come of it They will start buying stocks to buoy the stock market, but retail sales will continue to plunge They will try broad-based tax cuts, but it won’t jumpstart the economy They will work with foreign central banks to buy each other’s debt, but the global economy will continue to plummet People will finally see through the veil. They will see what Dorothy the Scarecrow the lion and the Tin Man saw That The Wizard of Oz is really just some dopey old guy frantically pulling levers Remember when we talked about how during World War one the Germans increased their currency supply by 400% yet. There was no price inflation Because of the public’s anxiety over the war and the uncertainty of their future imagine the anxiety 75 million baby boomers will feel as they approach retirement Only to find their homes and their mutual funds are now worth next to nothing The nest egg ladies and gentlemen has just cracked When they get their tax rebates, are they going to buy that new big-screen TV and the latest cell phone? I think not I Think they’re going to save every dime they can get their hands on just like in Germany during the war But there will be a point at which a threshold is reached for each income class. It will be different It will be the point where they feel that they finally got enough saved for retirement for Some it will be $100,000 for others it will be $1,000,000 and for others still it will be 10 million dollars The Fed knows there is a point Where they’ll finally feel safe enough to replace that aging computer and maybe get that new TV At this point the boys at the Fed will buy enough government debt to fund tax rebates For all the taxes in the previous year, but still Nobody will buy that new car The threshold the Fed is looking for will not be reached then in not so quiet desperation the Fed will say screw the helicopters send in the bombers and as the shadow of millions of stealth currency bombers darken the skies currency will begin to fall like rain in the desert as Joe Sixpack and John Q get tax rebate checks in the mail for all the taxes They paid during their entire lifetimes fear will be temporarily alleviated and some of that currency will come out of hiding Just as in Weimar, Germany Prices will rise quickly and dramatically as all that stored up currency energy is released In a panic the Fed will call back the Bombers, but it will be too late there’s nothing they will be able to do to stop it now because the hyperinflation Will have already begun the Dow will begin an invisible crash of epic proportions and gold prices will shoot to the moon if You are wise enough to moor your boat in the safe harbors of gold and silver and other commodities You will weather the storm it won’t be pretty but at least you’ll be safe At this point confidence in the currency will fall faster than it can be created cost of living increases for government employees and the costs of all government projects the Subcontractors the labor the materials will all skyrocket and each time more currency is created to pay for the increases the value of the currency will fall even faster in Times like that governments have only two choices shut down the government and all of its projects and services Send everybody home without pay Turn off the printing presses and wait for the free market system to discover price levels that account for the quantity of the currency in the supply or Print the currency into oblivion Governments have always chosen the latter But the stored up energy of excess currency creation doesn’t have to take place within the United States and it doesn’t Necessarily have to be in the future in Fact there is an abundance of stored up currency. Just waiting to be released right now as I mentioned earlier All the dollars we sent overseas to other countries to buy their goods and services are now sitting in their bank accounts Just waiting to be spent eventually the world economy will lose faith in the US dollar and will want to dump it by buying up goods and As all those dollars come flooding back into the u.s It will of course cause the prices of those goods and services to rise and could and probably will Trigger a scenario much like the one I have just finished describing Throughout history economists have suffered from what I like to call this time Syndrome This time they’ve become masters of the economic universe This time they’ve figured it out This time they’ve tamed the economy This time they’ve mastered the art of infinite currency amplification This time a fiat currency will work History gives this a probability of zero Each time we sailed toward economic doom. The greatest financial minds in the world were at the helm Do you really think we should continue letting them steer the ship? I? Think not it would be nice If we started listening to people that have been right rather than the people that have theories And it would be great if they would allow the free market to work But that’s not the way it’s going to happen the people that have the theories will continue to rule and we will vote for people that don’t know what they’re doing and so the best that we can do is try to protect ourselves and even you know, potentially benefit from government and economists stupidity and so the way you do that is by learning as much as you can about what’s happening and Developing your own opinions on what is coming at you rather than being reactionary and you can do that by watching some of the bonus features just click the info button and We’ll see you in the bonus feature and until next time until the next episode. See you there one of the most important things is how to prepare for all of this so that you can be able to see Through that economic veil and understand what’s going on when things start to shift

Comments 100

  • Mike, I've been sharing your video with everyone I know – total Red Pill moment.

    Please continue this series!

  • Germans had savings. Most people I know today have no savings at all but loads of debt.

  • It would be nice to buy some real estate with land when the bubble finally bursts, but I am afraid the bank bail-ins will steal my savings before I can take advantage of lower real estate bubbles.

  • Savings from overseas have already been spent buying overpriced real estate in Australia, Canada, Europe and America.

  • Most people just watch Nikki Minaj on YouTube then wonder why they not doing too well… instead of searching for "prepare for financial crisis"….

  • What a beautiful showcase at 23:13 of Bernanke and Yellen.

  • FOOD FOR THOUGHT – GOOD SERIES – NEEDS DISCUSSION AND DEBATE, Q AND A

  • Walking through a high-end shopping mall it seems to me that female dresses are growing much longer. This may indicate a slowing of the economy?

  • Conversely, I think Indian PM Modi took currency notes out of the economy. Allegedly to flush out black-money.

  • I wanna leave my money in the bank, stay home and watch tv.

  • Trump closed the government.

  • This guy has opened my eyes in levels I can’t evening begging to explain…
    I’m an instant fan of this channel and I will start investing in precious metals up to 20% of what I make

  • Velocity will pick up when a suppressing uncertainty factors being lifted, such as war. But it is unclear what is the suppressing uncertainty factor as of this era. I believe it is related to retirement, and I am not sure how can worries about retirement be lifted like how wars would eventually end…

  • I have put 20% of my savings into tangible silver coins ! Economic crash……..i’m ready ! Regards…..Abe ( uk-whats left of it )

  • Thank you so much

  • One issue, the general public isn't holding onto the extra currency the Fed has been pumping out. Wages have barely moved in decades. So who's holding all the extra currency the Fed has been pumping in.

  • Trillion dallor xxx tax free foundations are the cause of it all you cannot keep up at their rate unless you make trillions a year-

  • The feel good period was the 1990's

  • All I know is I cannot f*cking believe that Americans let the Feds rob them of their gold in !933…..it was the biggest robbery in the history of the world and it was right out in the open! WTF was wrong with people?……."Oh here, give me your Gold and take these fancy pieces of paper……don't worry, your paper will be as good as gold (wink wink)…."

  • ok guys… it is def happening…Russia, China loading up on gold. Major countries dumping the dollar!

    time for #BITCOIN

  • They won't outright confiscate; they'll shrinkflate and hyperinflate away.

  • ONE GOLD COIN IS ONLY 50 DOLLARS IN REAL MONEY SO YOULL NEED A LOT OF GOLD COINS

  • Gooffy

  • This is exactly what the elite want though. Another crash. This is going to help usher in a new one world government also aided by some false flag events to ''unite'' everyone. Order out of chaos. Oldest trick in the book. They create the chaos, and the order that follows

  • It's March 2019 and the steps Mike talks about for the Fed are beginning!
    It would be fun to ask some of the 2020 presidential candidates questions about the Federal Reserve Bank and the BS system during debates, to see which ones even know how it works.

  • There is a major handicap I think but good series.

  • 👍👍👍👍

  • oh nooooo…… this seems to have been the last chapter!!?? 🙁 🙁 …. i want more… Thanks for creating and sharing these series.

  • Thankfully there is now an alternative Monetary system available to the masses – https://affiliate.kcbank.io/?s=one2one

  • I love these videos. TPTB have really pushed this thing out, could be another 10yrs

  • What happens to your regular savings account in a period of deflation? Will you still retain the same number of dollars which you deposited?

  • I can bet you that it will all rise before 2025

  • @20:50 The one cornerstone for Mike Maloney's deflation/rapid inflation theory caused by investments for retirement such as homes and IRA accounts dramatically dropping in value, is IMHO poorly explained.

    Nothing happens without a reason in life, so what would be the CATALYST (i.e. reason) for a dramatic drop in retirement investments? Neither Maloney, Rickards nor Rule explain this in this video, they just conveniently assume this 'fact' and then build an entire deflationary/inflationary theory around it in order to promote gold/silver.

    So far the Central Banks and Central Planners actually seem to be doing a good job in steering the psychology of the masses to keep the Everything Bubble inflated, by causing the Babyboomers to hold on to their investments instead of selling them, and convincing Millennials to buy into the Everything Bubble by going deeper and deeper into debt.

    The key in triggering (!) a dramatic sell off in assets would be if the Millennials stop buying assets (less/no confidence in the future, i.e. psychology), but unfortunately those very same Millennials are so brainwashed (psychology again) that they also fully believe in the powers of Central Planning. Furthermore, there are always happy banks that are prepared to lend money to the heavily indebted Millennials.

    I'm NOT saying that Maloney's scenario is wrong, but I doubt that we're anywhere near the end of the road yet… 

    IMHO there is still a LOT that can be done to maintain the Millennials' confidence (psychology) in the economy/future, such as tax rebates, a cashless society in combination with negative interest rates, more helicopter money, further Keynesian brainwashing by the mainstream media, and the ultimate socialist dream: a Universal Basic Income.

  • Gold would loose it's monetary value when gold will be found in other planet; land will loose it's economic value when we would travel to other planets.

  • This guys is spitting straight facts cuz

  • TIME FOR A REVOLUTION!!

  • Inflation and taxes go hand in hand.

  • Miss-ind one thing. Bank need to have money in hot water. What is the next bubble in the economy. Student Loan debt

  • Old video!!! Pretty much right on track. Thanks Michael Nostradamus. Saturday April 13th 2019

  • when you add money it will add more goods and services though. They aren't just adding money for no reason and not adding anything to the economy

  • To Mike Maloney, I have been talking to a few Very wealthy people. Each of them have their own way of making money. Most of them do not consider making money in the traditional sense. They basically just look at their phones and or computer screens from time to time.
    One of these gentlemen told me to purchase "Index Funds" for retirement. IE., the long term. He told me to look at them. And then he SHOWED me how they NEVER go down for long. He said that they will dump down for a while (Like during the Great Depression), But they ALWAYS go back up. He stated that the Truly Wealthy would NEVER allow it to nose dive forever. He said it is just not possible.
    I have a hard time arguing with him! I looked and looked and he was TOTALLY Correct.
    Can you PLEASE address this??
    Thank you.

  • Mike Maloney is a madcunt (compliment).

  • Eeededddrrrfff

  • These videos have really opened up my eyes and made me understand things about the economy and currency I had never known about I'm definitely going to keep trading my currency for gold and silver great videos

  • Oops
    https://chrome.google.com/webstore/detail/threelly-ai-for-youtube/dfohlnjmjiipcppekkbhbabjbnikkibo

  • Mike what's your take on XRP? Is it the solution for creating new wealth and stopping the printing press?

  • Something is a bit off here. It is like a huge marketing campaign for these guys to advertise the current system as something demonic. They spread a huge huge fear among everyone that sees these videos making them fomo on silver and gold. Now what website are they always promoting? Exactly, goldsilver dot com. The same guys spreading all this information are accepting USD and Euros for THEIR silver and gold. Let that sink in on you for a little bit.

  • the world on the stage of new economic evolution

  • How you haven’t got interviewed by TVs and podcasts for this series about hidden secrets of money ???

    You have done a really great job by making this informative videos about economics and money

    I’m very thankful

  • Oath. Your episode 4 was the biggest red pill of my life.

  • Perfect videos and I support you! I just think that cashless society is the answer of the elites to control the crash of the economy and the debt. Once all currency is cashless, the State can program rules on the currency app (bank account) so they can control what you can do or not. The dictatorship will be digital.

  • find a way to serve many. Mike, you definitely found it. It is my privilege to thank you for such a laborious life project you have. I look forward to meeting you and get some gold, silver as insurance against hyperinflation. When tides are down you will see who swim naked… Unfortunately, people are ignorant and blind to the trick bankers pull in front of them. For 2 reasons; it cannot be so big and it cannot be so old.

  • The New Economic Evolution of the world is coming via a portfolio fund assets backed STO token. From Oct 2019, hold on to your hats.

  • LOL WHAT ARE U GONA XCHANGE UR 1,000,000,000 GOLD PIECE FOR 100 USD IN THR NEW PAPER MONOPOLY GAME ?

  • One word… Brilliant. Become your own Central Bank…. stack silver.

  • I like how this video displayed Yellen.

  • Great videos I love the series

  • Already happening in Europe

  • The take away buy Gold Silver Commodities

  • The part about the plummeting unemployment and increased consumer confidence before hyper-inflation gave me chills. Watching these videos with today's news is extremely eye opening. Thank you for putting these together… you are saving many from an economic crisis.

  • Cual es el escenario para los demás países, sera un efecto domino? Existe la posibilidad de que el dolar deje de utilizarse y pasemos a otro sistema financiero? O el endeudamiento es tanto que ya no hay vuelta atrás y la economía de los países caerá con EU?

  • I got low low low orders sitting. f there's a massive flash crash, then recovers to near current levels, I'll make $30M. Probably better off buyng a lottery ticket tho lol

  • I am an Engineer by profession Mike and I have watched all your videos. I feel more informed than the Investment bankers at Goldman sachs or JP morgan whose only skills are bullshitting people out of their saving and economically raping the middle class while making the rich richer.

  • HEY MIKE THANKS FOR THE INFO.  I have a question so what happened to people's mortgage in Germany in the hyper inflation period. Would it have been easy to pay off if it had been purchased before WW1.

  • Mike Maloney ! You are good man , Sir . I love you and Almighty God loves you more . You are in the God ' s Right Side .

  • Why does velocity slows down when the currency supply increases?

  • It has been 3 years since this video was uploaded. Yet nothing resembling what these guys are predicting. The economy is better than it has ever been.

  • Omg! This dude is calling it right!

  • Same sort of problems in Australia
    But it's not war's that is the problem in Australia. .
    It's the massive money printing
    To pay for fake public servant's jobs . And the massive
    Welfare system that just keeps getting bigger and bigger every
    Year this year my tax return
    Sead 47% of my TAXATION
    Went to the welfare system
    in Australia we have idiots
    Running the country
    And yes taxes went up this year
    ,, Again,, put the politicians
    Sead that thay lowered taxation
    ,,Thay lied,, again

  • 28:04 i thought you're dyslexic, Mike? 🤔

  • A good history lesson but feel conclusion is not right. I mean why Japan is able to survive 250% inflation of its GDP even when it is not a Reserve currency. Again, good compilation but still I think it will take decades to come to this point.

  • I think the Blockchain & Cryptocurrency will play a huge role at the next crysis. They are limited, fast, secure, cheap to send.

  • HUMAN NATURE NEVER LEARNS 🤔

  • Okay, lets say we live in economy without inflation and money printing and etc, what happens when new people are born. I mean if you have mini society with 10 people and each of them hold $1, when 2 new children are born, then ideally you should divide $10/12 and now each person will have 83 cents. This means the price of everything will decline overtime and it will be stupid to spend my money instead of waiting 5/10/15 years when the prices decline some more.

  • All those boomers will get very very angry and they own guns!

  • So.. We are now in 2019 and gouvernent are applying negative interest.. Time is coming I guess. What do you think about Bitcoin as it has been created specifically for this situation and only 17 18mio will still be available of the initial 21mio.

  • You literally just covered what took me 18 months to learn in this series. Super helpful and informational thank you

  • 🙏

  • Watching 2019 …This series never gets old

  • So we're in the "feel good period" now?

  • Mike's story telling between 3:00 and 6:10 actually brought tears in my eyes. Such a helpless situation it would be…

  • Thank you. So much.

  • President Trump 'just the other day': "The FED needs to ease, reduce rates…" Print more -QE to Infinity! (ECB -open ended QE now in action…)
    It's coming… Nobody will want to save. But I do think that if Inflation starts to bite the FED will not be doing QE -that was the big Weimar mistake, they wanted to Inflate their reperation payments (/debt) away to nothing…

  • 14:00 scarily describes right now. And they are planning more waves of printing at extreme, literal hubris levels.

  • Doom and Gloom

  • BIG THING IS the lag between when the baby boomers try to sell their homes and when the next generation can buy, but everyone forgets gen x, everyone always thinking about millennial

  • Concerned with minimum wage how is this come to play with min. Wage raising til 2025

  • Repo Operation by FRB and RICO indictment on JP Morgan for silver manipulation were witnessed last week. My question is when will trust on hegemony of Dollar go away when the U.S. has the military superiority over the world ?

  • I Think this is happening RIGHT NOW

  • Get this series into netflix ASAP

  • THANK YOU Mike Maloney for your advise, I have decided to get rid of all my papermoney and money in the bank ( numbers on a computer) and buy gold and silver instead. But oh boy they really do make it hard for you here in Sweden. By the way this country is WELL on its way to a massive recession ….what you say makes total sense . God bless you

  • 3:00 You should know the true history of WW1 and WW2:
    https://europathelastbattle.wordpress.com/watch/

  • Will every countries eventually end up with hyperinflation? This is an important question and someone should make a video about it to educate people of the world. It would have massive numbers of viewers around the world because this issue is not only confined to the US.

  • This sounds like an opportunity to become wealthy.

  • ECB is starting to print 20bn euros a month possibly for years. They've admitted they have no other tactics and that countries should go into more debt with fiscal stimulus in order to make their monetary policy more effective. This is in q4 of 2019. Then end might drop out in 2020. Auto loan defaults and consumer credit card delinquencies are on the rise. Mortgage delinquencies have yet to ramp back up but once that starts it is all over.

  • WHY would anyone save money when they can print it faster , and devalue the effort to zero faster than any increase we could hope for !!

  • 10:07 ."they are going to be able" ,so please check it out,Thanks

  • 22:00 is exactly what's going on now. The Fed is buying up stocks trying to hold up the stock market from free falling. Doing currency swaps with other countries such as CHINA.

    Currently I have about 100k in savings and I'm looking to get out of cash, but I dont know if I should turn to gold. The Fed seems to be doing a phenomenal job kicking this can down the street avoiding the massive crisis.

  • The animations in this episode were absolutely fantastic as with previous episodes. It's so much easier to understand certain concepts this way rather than reading . Thank you so much for making this series. Looking forward to watching the last 3 episodes over the next few days.

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