They’re CONTROLLING The Government!! Know This!!
Summary
TLDRThis video delves into the weaponization of government debt, suggesting it's used by elites to maintain power and prevent political change. It scrutinizes the UK's debt crisis under Liz Truss and speculates on central banks' influence over policies. The script hypothesizes that bond market volatility might be manipulated to undermine anti-establishment politicians. It also explores the resurgence of 'Bond vigilantes,' the implications for European countries using the Euro, and the potential impact on wealth, capital allocation, and the adoption of Central Bank Digital Currencies (CBDCs).
Takeaways
- 💸 Governments worldwide are deeply in debt, with a collective debt exceeding 300 trillion dollars, which many believe will eventually lead to a debt bubble burst.
- 🕊️ The elites might be using the debt bubble to maintain power and prevent political change by influencing the financial markets.
- 🇬🇧 Liz Truss's resignation as UK Prime Minister was allegedly a result of a manipulated bond market crash, orchestrated by the Bank of England and others to force her out due to her proposed spending plan.
- 📉 The Bank of England's decision to sell UK gilts (government bonds), despite the known risks, may have contributed to the market crash, raising questions about the central bank's influence on government policy.
- 🏦 Central banks, as major holders of government debt, have the power to move markets and potentially influence political outcomes.
- 🔄 The term 'Bond vigilantes' refers to bond holders who sell or threaten to sell their bonds to pressure governments or central banks, particularly on fiscal policy.
- 📈 The resurgence of inflation has led to speculation that bond vigilantes are pressuring governments and central banks to reduce spending and raise interest rates to combat inflation.
- 🌐 The European Central Bank's (ECB) lack of intervention in the bond markets of certain EU countries may indicate a political strategy to influence policy compliance within the union.
- 🗳️ Snap elections in countries like the UK and France may be a preemptive move by current governments to avoid blame for an impending debt crisis and to allow them to return to power after the dust settles.
- 📊 The restricted supply of freely tradable bonds due to central banks' quantitative easing (QE) has made bond markets more volatile and susceptible to smaller players' influence.
- 🌪️ The potential debt crisis and the central banks' response to it will likely lead to increased misallocation of capital, wealth inequality, and political polarization, with significant implications for the global economy and financial markets.
Q & A
What is the current global debt situation as mentioned in the script?
-The script states that governments around the world are collectively over 300 trillion in debt, indicating a massive global debt bubble that many believe will eventually burst.
How is government debt being potentially weaponized according to the video?
-The video suggests that government debt is being weaponized to prevent political change by elites who may use it to pressure opponents or keep them in check, potentially manipulating debt markets to influence political outcomes.
What was the official reason for Liz Truss's resignation as Prime Minister of the UK?
-The official reason for Liz Truss's resignation was her proposed government spending plan that would cut taxes without reducing spending, which led to a collapse in the value of UK government bonds, causing a chain reaction affecting pension funds and ultimately forcing her to resign.
What alternative explanation does Liz Truss offer for her resignation in her book '10 Years to Save the West'?
-In her book, Liz Truss claims that the Bank of England and others facilitated the bond market crash to force her to resign, suggesting a coordinated effort to undermine her government's spending plan.
What is the role of central banks in influencing government policy through debt?
-Central banks, as some of the largest holders, buyers, and potential sellers of government debt, can influence government policy and politicians by moving markets through their actions, such as buying or selling government bonds, which can affect long-term interest rates.
What is the term 'Bond vigilantes' and how is it relevant to the discussion in the script?
-The term 'Bond vigilantes' refers to bond holders who sell or threaten to sell their bonds to pressure issuers, causing interest rates to rise. The script discusses the resurgence of this phenomenon, suggesting that large bond holders, including possibly central banks, may be using this tactic to influence government spending and policy.
How did the Bank of England's actions potentially contribute to the UK bond market crash?
-The Bank of England's decision to sell UK gilts, despite the known risks of causing market volatility, may have contributed to the market crash that led to Truss's resignation. The video suggests this could have been intentional or coincidental, but it raises questions about the bank's influence on government policy.
What is the potential impact of central banks' actions on anti-establishment politicians?
-The script suggests that central banks, as large holders of government debt, could use their market influence to pressure anti-establishment politicians into compliance with the status quo or face market volatility that could undermine their policies or force them out of power.
What does the script suggest about the future of government debt and bond markets?
-The script suggests a looming government debt crisis, with the potential for countries like France and the UK to be at the forefront. It implies that central banks may need to buy all government debt in circulation to control market volatility, which could lead to increased wealth inequality, political polarization, and misallocation of capital.
How might the actions of central banks and public institutions affect the political landscape in countries that use the Euro?
-The script posits that public institutions like the European Central Bank could use their control over bond markets to pressure Eurozone countries into compliance with EU policies, making genuine political change difficult and potentially leading to more radical ideas on spending.
What are the potential consequences for individuals in this scenario of increasing government debt and market manipulation?
-The script suggests that individuals' wealth may increasingly depend on their compliance with the demands of whoever is in power, with the potential for an enormous loss in purchasing power of fiat currencies and a push towards Central Bank Digital Currencies, while alternative technologies like cryptocurrency may offer an outlet for financial freedom.
Outlines
💥 Weaponizing Government Debt for Political Control
This paragraph discusses the global issue of government debt, which is over 300 trillion, and how it's being used as a tool by elites to manipulate political power. It highlights the case of Liz Truss, who became the UK Prime Minister and quickly resigned after proposing a spending plan that would increase government debt, leading to a collapse in UK government bond values and pressure on pension funds. The paragraph also introduces the controversial claim by Truss that the Bank of England and others orchestrated the bond market crash to force her resignation. It sets the stage for a deeper dive into how government debt can influence politics and markets.
🏦 Central Banks as Bond Vigilantes: Influence on Policy
The second paragraph delves into the concept of 'Bond vigilantes', introduced by investor Ed Yardeni, referring to bondholders who sell or threaten to sell bonds to pressure issuers, causing interest rates to rise. It provides historical context from the 1980s and 1990s, where bondholders influenced Federal Reserve policy and US government spending plans. The paragraph also discusses the role of central banks in influencing government policy through their control over government debt, suggesting that central banks, being large holders of bonds, can sway government decisions and potentially even cause the resignation of politicians whose policies they oppose.
📉 The Role of Bond Markets in Political Maneuvering
This paragraph examines the recent political events in Italy and France, suggesting that bond market volatility may be used as a tool to influence political outcomes. It discusses how the European Central Bank's actions, or lack thereof, could be seen as politically motivated, particularly in relation to Italy's Prime Minister Georgia Maloney and France's President Emanuel Macron. The paragraph suggests that public institutions like central banks may be using their influence over bond markets to ensure compliance with EU policies, effectively acting as 'Bond vigilantes' in a political context.
🗳️ Snap Elections and the Looming Debt Crisis
The fourth paragraph explores the possibility that snap elections in the UK and France were called due to the risk of defaulting on government debt, with the intention of avoiding blame for an impending debt crisis. It suggests that politicians like Rishi Sunak and Emanuel Macron may be pushing for unpopular policies to ensure they are not in power when the crisis hits, thereby avoiding responsibility. The paragraph also touches on the idea that central banks, through their actions or inactions, could be contributing to this political strategy, potentially leading to a situation where they are forced to buy all government bonds to stabilize the markets.
🌐 The Future of Government Debt and Its Impact on Markets
The final paragraph predicts a government debt crisis, with France and the UK at the forefront, and discusses the implications for markets. It suggests that central banks may need to buy all government bonds in circulation to control market volatility, but political pressures could make this difficult, especially in the EU where the ECB's actions could be influenced by political considerations. The paragraph concludes with a warning about the potential for increased wealth inequality, political polarization, and the loss of purchasing power of fiat currencies, while also highlighting the potential for alternative technologies like cryptocurrency to offer financial freedom.
Mindmap
Keywords
💡Debt Bubble
💡Government Debt
💡Bond Vigilantes
💡Gilts
💡Central Banks
💡Interest Rates
💡Inflation
💡Quantitative Easing (QE)
💡Political Polarization
💡Risk Assets
💡Central Bank Digital Currencies (CBDCs)
Highlights
Governments worldwide are over 300 trillion in debt, with the potential for a debt bubble to burst.
The debt bubble is allegedly being weaponized by elites to prevent political opponents from gaining power.
Liz Truss's resignation as UK Prime Minister was reportedly linked to a proposed spending plan that increased government debt.
Truss claims the Bank of England facilitated the gilt market crash to force her resignation.
Central banks can influence markets and potentially government policy through their control of government debt.
The Bank of England's decision to sell UK gilts, despite known risks, raises questions about its intentions.
The concept of 'Bond vigilantes' refers to bond holders pressuring issuers by selling bonds, causing interest rates to rise.
The resurgence of inflation has led to speculation that bond vigilantes are pressuring governments to fight inflation.
Public entities like central banks, as large holders of government debt, are driven more by politics than profits.
The ECB's lack of intervention in France's bond market volatility suggests potential political motivations.
Snap elections in the UK and France may have been called due to impending debt crises and to avoid blame.
Central banks' quantitative easing has reduced the supply of freely tradable bonds, increasing market volatility.
Smaller players in the bond market can now have a significant impact on bond prices due to restricted supply.
Central banks may eventually need to buy all government bonds in circulation to control market volatility.
Political forces within the EU could pressure countries through bond market behavior, hindering genuine political change.
The central banks' actions will likely lead to increased spending, wealth inequality, and political polarization.
The future may see central banks or governments imposing digital currencies in the name of financial stability.
Alternative technologies like cryptocurrency may offer financial freedom amidst growing government control.
Transcripts
[Music]
governments around the world are
collectively over 300 trillion in debt
now everyone knows it's only a matter of
time before this debt bubble bursts but
nobody wants to be blamed for it or left
holding the bag the most terrifying part
is that the elites appear to be using
this growing debt bubble as a tool to
prevent their opponents from taking
power or keeping them check on the off
chance that they do so today we're going
to explain how government debt is being
weaponized to prevent real political
change from taking place reveal who is
involved tell you what comes next and
what it means for the markets make no
mistake this is one of the most
important videos you will ever
watch in September 2022 Liz truss became
prime minister of the United Kingdom by
the end of October she'd resigned now
the official story was that she was
forced to resign after she proposed a
government spending plan that would cut
taxes without reducing spending which
would increase government debt this
caused the value of UK government bonds
AKA guilts to collapse this in turn put
pressure on UK Pension funds because
they are the largest holders of guilts
the result was that UK Pension funds
were forced to sell guilts to keep
functioning this caused guilt prices to
go lower causing more forced selling and
so on put simply truss's government
spending plan caused the UK pension
system to implode so she was forced to
resign but that's just the official
story in April of this year truss
published a book titled 10 years to save
the West wherein she claims that the
guilt market crash was facilitated by
the bank of England and others in order
to force her to resign now not
surprisingly the media has largely
dismissed this as a crackpot conspiracy
theory and even some of her own
supporters are skeptical what is
surprising though is that not only could
there be some truth to truss's claims
but that we could be seeing the same
phenomenon in other countries where
anti-establishment politicians are being
elected it boils down to who holds the
government debt because these are the
entities that can move markets now
besides Pension funds the bank of
England seems to be the largest holder
of UK guilts truss alleges that the bank
of England contributed to the guilt
market crash by announcing that it would
be selling guilts as part of its rate
hikes prior to her spending plan this is
where things get a bit complicated so
bear with me central banks change
interest rates in three ways by
adjusting the interest rate that
commercial banks used to lend to each
other overnight by buying or selling
government debt and and by announcing
that they will make changes to these two
policies in the future which causes the
markets to move in advance now whereas
adjusting overnight lending rates
changes short-term interest rates buying
or selling government debt I.E bonds
changes long-term interest rates if
central banks sell government bonds it
causes long-term interest rates to rise
and if central banks buy it causes
long-term interest rates to fall again
the mere announcement that a central
bank will do either can be enough to
move the market now here is where things
get interesting most central banks will
not sell government bonds to raise
long-term interest rates instead they
will just refuse to buy new bonds this
is precisely because selling can cause
volatility however the bank of England
made the decision to sell UK guilts
despite these known risks many macro
analysts have since acknowledged that
this was Overkill which begs the
question of whether the bank of England
contributed to the guilt market crash
that resulted in truss's resignation the
answer could be that it was just a
coincidence they were just fighting
inflation when the spending plan was
released so yes but it wasn't the only
Factor at play and there's no way to
prove that it was intentional even so
this begs a much bigger question if
central banks are some of the biggest
holders buyers and potential s sellers
of government dead does this mean that
they can influence government policy and
politicians well the short answer is yes
to understand why though we must go back
in time to the 1980s but before we hop
in the time machine if you're enjoying
the video so far be sure to batter that
like button and subscribe to the channel
and ping that notification Bell so you
don't miss the next one hold up a second
there guy sorry to interrupt folks but I
just wanted to very quickly tell you
about the coin Bureau deals page now
this is the place where we have put
together some of the very best deals and
Promos in all of crypto so you can think
things like exchange signup bonuses
trading fee discounts and money off of
Hardware wallets and much much more
besides so if you want to check that out
coin.com deals is the place to go or you
can just use the link in the description
of this video down below thanks very
much and now back to you guy now after
the UK guilt Market collapsed there were
many headlines declaring that the
so-called Bond vigilantes had returned
Bond vigilante is a term coined by an
investor named ed yini and it's used to
describe holders of bonds that will sell
or threaten to sell their bonds to
pressure their issuers again this is
because selling bonds causes interest
rates to rise which makes debts more
expensive Ed coined the term in 1980
when large holders of US government
bonds started selling in order to
pressure the Federal Reserve to raise
interest rates more aggressively for
context there was surging inflation in
the 1970s and 1980s then fed chairman
Paul vulker eventually raised interest
rates into the double digits in order to
fight it the more relevant instance of
bond vigilante activity though comes
from the 1990s when large holders of US
government bonds started selling to
protest against then President Bill
Clinton's government spending plan
long-term interest rates Rose from 5% to
8% and the spending plan was
subsequently scaled back now the Bond
vigilantes basically disappeared in the
2000s and 2010s this was mainly because
central banks were actively buying
government debt during this time namely
after the dot bubble burst in 2001 and
after the 2008 financial crisis the
Practical effect of this so-called QE
was that kept bond prices high for
reference buying government bonds
doesn't just cause long-term interest
rates to fall it also causes the price
of these government bonds to rise
logically the Bond vigilantes weren't
too upset about the constant QE as the
whole purpose of their bond investing
activities is to make a profit at least
on paper in practice this all depends on
who the Bond vigilantes are if they're
private entities such as Pension funds
then then yes it's in their interest to
maximize profits in real terms this
means ensuring that they're being paid
back with an interest rate that
compensates them for inflation over the
duration of the bond obviously then the
Resurgence of inflation since the start
of the decade has led to speculation
that the Bond vigilantes are back with a
vengeance in other words large holders
of government bonds are pressuring
governments and central banks to fight
inflation by reducing spend ending and
raising rates again this is because a
failure to control inflation would mean
losses for Bond holders in real terms
the thing is that the largest holders of
government bonds are no longer private
entities that are profit orientated the
consequence of all the QE we've seen
since the early 2000s is that public
entities such as central banks are now
some of the largest holders of
government debt in many countries like
the UK whereas private entities like
Pension funds are incentivized to
maximize returns public entities like
central banks are effectively
incentivized to maximize Politics as
they are effectively a part of the
government and this is where things get
seriously scary particularly for
anti-establishment
politicians take a second to consider
that there are 10 times more Democrats
than Republicans working at the Federal
Reserve now suppos that an anti
anti-establishment Republican politician
is elected president later this year
then imagine that there is significant
bond market volatility after they
propose a government spending plan at
first glance it would look like the Bond
vigilantes are back again selling their
Bonds in protest upon closer inspection
however things could look very different
If the Fed is still running down its
balance sheet or even outright selling
bonds a case could be made that it's
contributing to the market volatility in
fact one could argue that it's the fed's
job to intervene when there's bond
market volatility a mere lack of
intervention from the FED could
therefore be seen as an overtly
political act letting the bond market
crash in order to pressure a Republican
president into resigning but the FED
could claim it's just staying in its
Lane now this might sound crazy but it
looks like it's happening in the EU and
it could happen again in the UK let's
rewind to the Autumn of 2022 shortly
before Liz truss resigned as prime
minister of the UK Georgia Maloney was
elected prime minister of Italy like
truss Maloney had promised to make a lot
of changes if she took charge unlike
truss Maloney has failed to follow
through on most of her policy promises
so far now most assume this is because
she's just another career politician
another puppet of the world economic
Forum that's meant to give the illusion
of a new populist Uprising but deliver
more of the status quo however there's
evidence to suggest that the Bond
vigilantes have been pulling her strings
Maloney reportedly decided to tone down
her rhetoric after seeing what had
happened to truss as you might have
guessed Italy is in a similar position
to the UK the European Central Bank is
one of the largest holders of Italy's
government debt notably it's apparently
been the biggest buyer in recent years
this makes the ECB an entity that's
capable of being a bond vigilante for
Italy as we just discussed public Bond
investors are driven by politics not
profits in this case the political
imperative for the ECB is a continuation
of the EU as an institution as a
right-wing populist Maloney is a threat
to this continuity of course it could be
a coincidence that Italian bonds have
become less volatile as Maloney has
fallen into line with the eu's attitudes
towards things like immigration and the
war in Ukraine but it's possible there a
direct outcome of her compliance comply
and the ECB will keep your bond market
stable additional evidence for this can
be seen in France where bond market
volatility spiked after president
Emanuel macron called a snap election
for those who don't know the right-wing
National rally party led by Marine Le
Pen recently won France's EU elections
foreshadowing a win in the snap election
as with the UK and Italy mainstream
media Outlets reported that the bond
market Vigilantes started dumping French
Bonds in protest at Le Pen's populist
economic policies after a week of record
volatility the national rally abandoned
many of its key proposals including
political and geopolitical ones as many
have pointed out this much Bond
volatility would typically justify ECB
intervention yet the ECB hasn't lifted a
finger at the time of shooting whereas
the bank of England's actions could be
explained by its inflation fight the
ecb's lack of action with France seems
to be inconsistent with its easing cycle
to clarify the ECB recently began
cutting rates and signaled more rate
Cuts were coming this would
theoretically make the Central Bank more
willing to intervene in EU Bond markets
with QE Bond buying this fact is a bit
harder to write off as a coincidence but
it's impossible to prove that the ecb's
refusal to stabilize France's bond
market is due to fears of a far-right
government in France as with our
hypothetical example involving
Republicans and the fed the ECB can
claim it's just staying in its Lane
funly enough that's essentially what the
ECB recently said when asked about the
French bond market not only that but
France's bond market remains incredibly
volatile while this could be explained
by the continually High spending of the
macron government the fact that
Financial media Outlets have continued
to scream about a Leen government being
bad for bonds suggests politics are the
cause further evidence for this comes
from a recent Bond sale by the macron
government the fact that this Bond sale
went smoothly despite bond market
volatility suggests the volatility is
political not economic although the eccb
isn't nearly as involved in French bonds
public institutions are still very large
holders the caveat is that the politics
at play in France could be radically
different from what's happening in Italy
and what happened in the UK and they
could be identical to what's about to
happen in the UK and here is where the
real craziness begins UK prime minister
Rishi sunak and French president Emanuel
macron recently called elections that
caught most people off guard at first
glance it's not clear why either of them
did this given that they're both
projected to lose upon closer inspection
however it appears they know what's
about to happen to their bond markets
the day before sunak called the UK's
election the IMF warned that the UK
government needed 30 billion to
stabilize its debt burden two weeks
before macron called France's snap
election its debt was downgraded meaning
Bond investors are slightly less certain
the country can pay its debts with that
in mind it starts to look like elections
were called in the UK and France because
both countries are at risk of defaulting
on their debts and the parties in power
can do nothing to stop it now this could
once again be a coincidence but it's
evidently a much better explanation than
what's been given and it would explain
why both sunak and macron have been
pushing for objectively unpopular
policies think about it by calling an
election when they're down in the polls
and pushing for policies that push them
lower sunak and macron have guaranteed
that their political parties will not be
blamed for any upcoming debt crisis in
their respective countries their
opponents will be left holding the bag
now this is exactly what Steve Bannon
Trump's former Chief strategist believes
is happening in the UK he believes that
the conservative government called an
early election so that the labor party
will win then the guilt Market will
implode labor will be blamed step down
and the conservatives will return to
clear up the mess in bannon's own words
it's going to be Liz truss times 10
oddly enough though Bannon doesn't
believe that the bank of England was
behind truss's outing and he might be
right you see QE by central banks hasn't
just made them big enough to be Bond
vigilantes it's also reduced the supply
of freely tradable bonds this is
something macro analyst Western Nakamura
has been shouting from the rooftops for
years part of the reason why Bond
markets are becoming so volatile is
because their circulating Supply is
becoming increasingly restricted as
central banks buy up more and more bonds
this is extremely important what it
means is that you don't NE necessarily
have to be a big Bond holder to be a
bond vigilante in plain English you
don't need to be a central bank or a
large pension fund to move bond prices
anymore the restricted Supply makes it
possible for smaller players like hedge
funds and the like to move the markets
in turn this means that the supposed
Bond vigilante activity coming from
central banks and other public
institutions could actually be regular
Bond holders knowingly or unknowingly
playing the role of bond Vig Atlantic it
could actually be regular billionaires
like Bill Gates changing policy and
pressuring politicians by the same token
however the low circulating supply of
bonds means that central banks and other
public institutions could also be
playing the role of Bond vigilantes with
the smallest of changes even the
smallest action or smallest inaction
could be enough to move Bond markets
which is truly wild if this is indeed
the case though then it will inevitably
result in central banks having to buy up
all the government bonds in circulation
as that will be the only way to control
bond market volatility in fact they
could be forced to do so precisely
because if they don't then they will be
accused of being political put
differently central banks will
eventually have to comply with the
politics of whoever is in power because
if they don't the politicians in power
will claim the central banks are being
political and force them to comply which
will paradoxically make them political a
self-fulfilling prophecy come to think
of it the fact that central banks may
only intervene in bond markets once
they've been forced to by the political
party they're potentially protesting
against could cause a delay in the
initial response so this brings me to
the big question of what comes next and
what this means for the markets well in
case it wasn't clear enough it seems
that what comes next is a government
debt crisis of some kind with France and
the UK potentially leading the pack
Canada could also be on the list if it
gets a snap election too FYI Canadian
government debt is also at risk of being
downgraded if that happens and we see a
snap election in Canada that will be
further evidence that snap elections are
being held so that existing politicians
Dodge the debt bubble bullet and
potentially weave their way back into
Power after the shootout this ties in to
what it means for the markets and if
you've been paying attention you'll
already know the answer the only way to
contain bond market volatility at this
point in time is for central banks to
buy more and more of the government
bonds in circulation but it looks like
not all of them will comply for those
unfamiliar central banks are supposed to
be apolitical they're supposed to act
independently of the government as I
mentioned a few moments ago politicians
will eventually have to force central
banks to do whatever is needed to ensure
the government remains funded if they
don't do it voluntarily this will be
easy to do in countries that have their
own central banks like the US and the UK
but it will be very difficult to do in
countries that have shared central banks
like France and Italy that's because it
will be hard for one EU country to force
the ECB to comply with its demands given
that there are other member countries
what this means is that the political
forces in the EU could work the other
way around in the bond markets public
institutions like the ECB could be in a
position to put pressure on Euro
countries by engaging in the bond
vigilante type Behavior it already seems
to be exhibiting with France and Italy
in turn this means that it will be very
difficult to have genuine political
change in European countries that use
the euro the ECB will just refuse to
provide the BuyBacks required to keep
Bond volatility low in the countries
that refuse to comply with the EU again
it will appear apolitical but it will be
very political the only way out for such
countries could be for them to go off
the Euro and launch their own currencies
but that would cause even more
volatility and risk a total breakdown in
Social cohesion alternatively these
countries could adopt other currencies
that give them more fiscal Freedom
regardless of the path however the
destination is the same central banks
will need to buy all the government debt
because at the end of the day it doesn't
matter who is in power the governments
will spend and the promises being made
by politicians to buy votes means
spending will keep increasing the good
news is that this will be very bullish
for risk assets and stores of value
which will capture most of the liquidity
the bad news is that this is going to
result in misallocation of capital
unlike anything we've ever seen
right-wing and left-wing politicians
will spend trillions in the name of
their ideologies all this will do is
increase wealth inequality and political
polarization which will result in even
more radical ideas on how the infinite
trillions printed by the central banks
should be spent the result will be an
enormous loss in purchasing power of
Fiat currencies and people being
desperate for alternatives governments
will present their Central Bank digital
currencies as the solution and many will
probably try to impose them in the name
of the greater good with a bit of luck
however alternative Technologies like
cryptocurrency will be developed enough
to provide an outlet for those looking
for Financial Freedom for everyone else
their wealth will depend on how much
they comply with the demands of whoever
is in power as is currently the case in
places like Russia and China buckle up
because the trend is heading west and
some would argue it's already here so
let's hope we find an alternative
ASAP and that's all for today's video so
if you learn something new be sure to
hammer that like button if you want to
keep learning subscribe to the channel
and ping that notification Bell and if
you want to help others learn about the
growing government debt bubble and how
it will burst be sure to share this
video with them as always thank you for
watching and I'll see you in the next
one this is guy signing off
[Music]
Weitere ähnliche Videos ansehen
Why central banks want to launch digital currencies | CNBC Reports
How close is the world to the widespread rollout of CBDCs & what is RBI's pilot project
CBDCs and the Future of Banking at Future Blockchain Summit with Professor Richard Werner
Nawaz Sharif Comeback | Latest Updates | Pakistani Politics | Breaking News
How is Money Created? – Everything You Need to Know
David Icke: "Americans Might Not Survive What’s Coming in 2025..."
5.0 / 5 (0 votes)