Get back to the rots ffs!!!
I hate this new format
Impact theory in its golden days
https://youtu.be/TgJvwVtENsg?si=AgtMqMNpqOkc1SL3
@Ragnarok_is_real Says:
Fuk this pod. Using old vids and posting like their new.
@mattanderson6672 Says:
Let him finish making his points before jumping in Tom!!
Brilliant discussion, I enjoyed listening to that
Thank you Both
@dylannichols1 Says:
This guest has conspiracy theorists vibes
@David81515 Says:
When did I hear this before. Oh yeah that’s right. I’m 2023 and 2022
@Ryutensie Says:
37:03 Its become more about reduction of impact/loss rather than accomplishment of the goal. We really need to rebalance things desperately, yes we should try to reduce impact/loss but still need to complete things in a somewhat timely manner. 60min for a bomber as compared to 10-15mo for a missile/artillery or several yrs/decades for a drone/sub comparatively.
@luisrosias6203 Says:
After multiple years of being subscribed, I’m unsubscribing. This pattern of reposting old videos without mentioning that it is a repost/dated is toxic and disingenuous. Hard to believe Tom is disrespecting his audience so consistently like this.
@onionfarmer3044 Says:
Do I have anything to worry about if I'm already poor?
@jacobmoss1630 Says:
Seriously you've got to get someone new to edit your videos. This was from over a year ago, and with a 2024 title, now it's only halfway re-uploaded with 2025 in the title. It makes us think it's something new, and relevant to the world today.
@daalmightpanda Says:
Tom you need to stfu sometimes. Let the guy cook. Damn, you don’t have to act as if you are the smartest on the room
@igors615 Says:
Best phrase of the podcast: I notice my f*cking ears😂
@SerSleepy Says:
Good talk!
@pauly5502 Says:
This show sucks with all this recycled bullshit..bye
@laurentzago9683 Says:
No wrapping up, no conclusion, no date, too many interruptions. Actually unprofessional, and it is a recurring fact, in this channel
@alilafont Says:
The Chinese own southern california. Hard to tell what the real direction is here.
@bocapete88 Says:
UNSUBSCRIBE!
@alilafont Says:
Would love to see an episode about the Great Wealth Transfer of 2020
@johnsordillo6338 Says:
I love when you push back Tom lol. I can't understand how someone is smart enough to see a problem but think Bitcoin solves that problem, then half the things they say about Bitcoin is completely false. Anyone else notice this?
@emilymiller1792 Says:
Prole. Hmmm. This guy sounds like a communist.
@dogmom-pt5we Says:
I'm counting down to Sept 18, hoping the Fed will cut interest rates and ease the financial strain. With inflation, recession fears, and market volatility, we could really use some relief.
@stuartmalin661 Says:
Spot on - money is not wealth. Such a common confusion!
@fredericmartel-el6gc Says:
Let the Guy speak
@stuartmalin661 Says:
Don't feel bad for being Competitive - it is the nature of evolution. The opposite leads to degeneration of quality.
@MS-dx6yz Says:
Negative sentiment has existed since the begining of time. Sure, be aware of the ills of the world but dont get trapped in a worlds going to end mentality. Humanity and the economy are both ok!
@douglassmith9445 Says:
As you say, timing is everything. Everyone already knows a crisis is ahead.
@emilymvance Says:
Government taxes homes that are already paid for-
Taxes all the home repairs items
Taxes the Insurance
Taxes—//
@t3r083 Says:
Be truthful and put the upload date in the descriptions. The re-upload rate has been wild, 2/5 stars 😢
@NairdaZelaznog Says:
unsubscribed. done with his replay tricks
@donnathomas1004 Says:
This is treason
@danielepsteincardano7962 Says:
Cardano for me 👍
@crystalplat4772 Says:
SO ANNOYING!! Im trying to learn some CURRENT EVENTS- this is a year old? Stupid
@apemancrypto Says:
i dont watch you anymore cause i can never tell if this is an old video reuploaded or not.
@michaelacton6246 Says:
Majority of people usually get it wrong. The same people that are extremely bullish at the top will be super bearish at the bottom.
@careerstrategynz9612 Says:
where's the new material
@dolencase8412 Says:
Doom and gloom in so many thumbnails. What is this 1 dimensional content?
@MaxNoble440 Says:
Oh this fucking guy😂
@RustyWelch-x4y Says:
### Argument for Printing Money
**1. Boosting the Economy During Crises:**
Governments can print money to provide liquidity during economic crises, such as recessions or pandemics. This can be used to fund public projects, bailouts, or direct cash transfers to individuals. By increasing the money supply, governments can stimulate demand, create jobs, and prevent a deeper economic collapse.
A recent example of this approach is **quantitative easing (QE)**, where central banks create new money to purchase government bonds and other securities, injecting capital into the financial system. This was used extensively by central banks, including the U.S. Federal Reserve and the European Central Bank, following the 2008 financial crisis and during the COVID-19 pandemic. The idea is to encourage lending and investment by increasing liquidity and lowering interest rates, which can help stabilize the economy.
**2. Managing Inflation:**
When a government prints money in a controlled way, and if there is slack in the economy (like underutilized resources or high unemployment), it can help to spur growth without necessarily causing runaway inflation. If managed carefully, this can lead to higher productivity, more employment, and a healthier economy.
For example, during periods of **deflation** (a decrease in the general price level), printing money can raise inflation to moderate levels, which can be healthy for an economy. Moderate inflation encourages spending rather than hoarding money, as people expect prices to rise in the future.
**3. Sovereign Debt Management:**
Printing money can also be used to help a country manage its debt. When a country issues debt in its own currency, it has the option to print more money to pay off that debt. This can be a tool to reduce debt burdens and avoid default. However, this approach must be used cautiously, as excessive printing can lead to inflation or currency devaluation.
### How Taxation Works in a Modern Economy
**1. Funding Public Services:**
Taxes are the primary source of revenue for governments, allowing them to fund essential public services such as healthcare, education, infrastructure, defense, and social safety nets. By redistributing wealth through taxation, the government can invest in areas that benefit society as a whole, improving quality of life and promoting economic growth.
**2. Controlling Inflation:**
Taxation plays an important role in managing inflation. When the government prints money, it can increase the risk of inflation because the additional money in circulation may lead to higher demand for goods and services. To balance this, taxation can be used to "pull" money out of the economy. By taxing individuals and businesses, the government can reduce excess demand, which helps prevent prices from rising too quickly.
In a **modern monetary theory (MMT)** framework, which argues that governments that issue their own currency can never "run out of money," taxes are primarily seen as a tool for controlling inflation rather than for funding spending. According to MMT, a government can print money to pay for its spending and use taxation to regulate inflation and redistribute wealth.
**3. Redistributing Wealth:**
Progressive taxation, where higher earners pay a larger percentage of their income in taxes, helps to reduce income inequality and redistribute wealth in a modern economy. Governments use tax revenue to fund welfare programs, social security, unemployment benefits, and other services that support lower-income citizens. This redistribution can help maintain social stability and reduce the economic gap between rich and poor.
**4. Incentivizing or Disincentivizing Behaviors:**
Tax policy is also used to influence behavior. For example:
- **Tax incentives** (like deductions or credits) can encourage investment, innovation, and environmentally friendly practices.
- **Sin taxes** (on goods like tobacco or alcohol) are used to discourage harmful behaviors while generating revenue.
- **Carbon taxes** can push companies to reduce emissions, addressing climate change.
### Conclusion:
In a modern economy, printing money can be a powerful tool for managing crises and boosting growth, but it needs to be controlled to avoid inflation. Taxation works alongside this by funding government services, controlling inflation, redistributing wealth, and shaping economic behavior. When used wisely, both tools help maintain economic stability and promote long-term growth. However, the balance between money creation and taxation is delicate, and mismanagement can lead to inflationary pressures or economic inequality.
@tileslasher Says:
The great awoking? Its more like the complete and tragic stupidity
@davep5161 Says:
tom talks too much
@vash4337 Says:
" The road to Hell is paved with good intentions "
@michaelz2525 Says:
“Warrior in a garden vs Gardener in war”
@user-el2qs3ls6m Says:
Ugh liberal host . Really just print away. Do you even know what fiscal responsibility means
@user-el2qs3ls6m Says:
Ugh liberal host . Really just print away. Do you even know what fiscal responsibility means
@scepisle4970 Says:
Bitcoin and gold... protect yourself....
@Galactus76 Says:
This guy is great!!!!! One of the best podcasts by Tom ever….
@larrycarlini328 Says:
Poor sound quality, however very interesting. Love this guest, intelligent, intellectual
@jasongaretthatcher Says:
God, you’re so full of crap.
@Galactus76 Says:
Tom is so silly and naive!!!!!!
@jamesburke3803 Says:
Luke Gromen thinks the Brics and other nations will trade in their own currencies as much as possible and settle out in gold. Then, imbalances can be settled monthly with a single shipment in a single jet.
I find it difficult to imagine the rest of the world using bitcoin as a store of value or reserve asset, let alone reserve currency. Simply put, most bitcoin is held by English speaking whales. It has the same problems as holding US dollars, in that whales can manipulate it.
With gold, it has been trusted through all of history, and Indians, Chinese, Arabs, Turks, etc already hold it, and have always held it.
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