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we're going to a different economy and we're going to be learning more about that uh as we go but clearly we're we're learning that things can be done from remote locations we're learning that technology can replace people even more than we thought we're not going back to the same economy we're going we're recovering but to a different economy and it'll be one that is more leveraged to technology and i worry that that is going to make it even more difficult than it was for for many workers in silicon valley and my friends who work in technology know that what we did to the manufacturing workers we are now going to do to the retail workers the call center workers the fast food workers the truck drivers and then even bookkeepers accountants uh insurance agents lawyers and on and on through the economy so what happened to the manufacturing workers a very clear sign this effort and china has big plans for this they intend to seed their digital you want into the global environment by giving it away to visitors at next winter's olympics when they arrive at the airport they're going to get you want digital wallets they're going to receive digital u1 they're going to use it throughout their visits to beijing and then they're going to take it back to their home countries they've seen this as a huge advantage why because who controls the underlying protocols who controls the underlying standards of the future of money will control the future of money who controls on this it's happening here and there between experiments like the one in upstate new york and others plus stimulus checks local and federal governments are spending billions of dollars in sending them directly to americans is this a good test of your campaign campaign platform and do you think it'll catch on of course it'll catch on shepard because we're living it right welcome to the kreptil teacher stock channel and guys please like and subscribe if you do like what you're listening to please inform your friends and family and spread all over social media it is imperative that we get back to learning finances and understand how the world really works because once we understand how the world really works we understand everything is planned out and guys this is a video just to make you think but i am going to go over a few articles first now we have bill gates says another epidemic is coming and we know he knows because he's a part of it and also we have gate says he'll fly less and eat more synthetic meat and guys we know he's made hundreds of millions of dollars off beyond me so that's the reason why he's saying that but we have the fair to restore the bank capital requirements that were lacks during the seawork and we know none of these banks have a safety net and that was done on purpose what do we know guys they cause a problem they wait for the reaction they run in with the solution that's the reason why they change the volcker rule people the casino is wide open but i'm going to leave you with some ray dalio today now we have visa says the doj plans to probe his debit card practices we know nothing's going to happen to visa their shares fell six percent but guys we know this is all part of the fourth industrial revolution ways to get us moved over to cryptocurrency no fees but we also have gasoline demand as in the norm as far as march goes march levels don't forget exxon chevron i've been over time and time again we know once this economy reopens people are ready to get out plus they have a little cash and that's the reason why we know the new world order open at the right time they put the money into people's hands and they're going to give it right back to the corporations we know how it goes now we also had nike shares fall and this article says due to mixed earnings and then plus the announced layoffs but guys we know nike makes plenty of money they should not be laying off they should be hiring more people it's like all these big corporations we know the masses are going to take this money and get right back to nike and lastly guys we're going to go over the actual indicators we had the dollar down we had the vix slightly down and we had yields slightly up and as you can see the markers would mix so don't forget guys make sure you are invested in the fourth industrial revolution you will be fine now like i said i'm going to leave you with a ray dalio clip don't forget to check out the main channel crypto teacher learn blockchain cryptocurrencies the new economy also like subscribe spread that channel everywhere this channel like subscribe spread it everywhere and you all have a wonderful day what we've seen this go around is the need to distribute to produce a lot of debt where did those checks come from they came from the the government the government wrote the checks but the government can't produce money the central bank can produce money so they uh the central bank had got had to print a lot of money to lend to the government um to do that and that's monetization when you get at the late part of that cycle where you're creating a lot more debt and then you're monetizing it that's the end of a that's near the end of a long-term debt cycle and that produces its own set of problems so what tells us when we're nearing the end of that cycle i mean just in recent days including this week we've seen the 10-year yield really shoot up it's still a modest number historically but it certainly shot up very quickly is it an early warning sign that maybe we've pushed it a bit far on the side because good as no we've had a lot of stimulus yes i think um let's understand what's behind that um and then you can understand what the warning signs are because it's just a manifestation when there has to be a lot of selling of bonds and bonds don't give any good return there's a guaranteed negative return in bonds relative to inflation inflation index bonds yield less minus one percent and so there's no return and there's a pile of people who own bonds and this isn't just americans but these are international investors owning bonds and they have to buy a lot more bonds because when the government has to sell a lot more debt that means they have to buy a lot more bonds there will not be enough demand for those bonds when that happens interest rates rise that's what you're seeing now and the central bank is put in a dilemma this is all classic end of cycle type of thing the central bank is put into a dilemma because either interest rates will rise a lot or they will have to print money and buy those bonds to hold them down when they print money and buy those bonds to hold rate down that lowers real rates and it accelerates a depreciation of the value of the dollar and it also um raises inflation pressures and what the imbalance the frightening thing about this is that if you get um losing money and people are losing money by holding bonds and that's not just americans those are other foreigners then they could sell bonds and if they sell bonds at the same time as the government has got to sell a lot of bonds that could produce a real dilemma that's classic late long-term debt cycle type stuff so let's talk about jay powell's dilemma right now you describe it as a dilemma uh he appeared this week and basically took a hard look at the the debt market at the treasury market looked in the eye and said i'm not going to do anything to help you and they didn't like it very much and so the tenure kept going at what point is there enough pain and what form does that pain take is it really financial conditions tightening i mean does it have to get to be two and a half three three and a half four well as i said think of the economy as being um like a an individual and their pulse is dropping when the pulse is dropping the doctors come running in with the stimulant and they inject stimulant now that the economy is rebounding he's um and inflation pressures are rebounding um there's not the same pressure to administer that stimulation when it happens when it becomes a problem is first the rising interest rates start hurting financial asset prices first typically they hurt bonds then they pass through and hurt stocks because still interest rates affect stocks and when that starts to affect stocks that's one thing maybe the stock market can correct 10 or 15 percent and the federal reserve can tolerate it when it goes beyond that and starts to affect the economy that's when you see the real trade-off have to search uh sir surface so that's what that looks like okay so let's play a little dickens here and
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