GDP 4.9%! Or was it…?
Peak Prosperity
Chris Martenson
4.7 • 591 Ratings
🗓️ 30 October 2023
⏱️ 52 minutes
🧾️ Download transcript
Summary
Would you be shocked to learn that the GDP number is composed of a number of obvious fictions? Or that Japan is on the cusp of ‘finding out’ after effing around with their money system for so long? Tune in to learn all about these topics.
Transcript
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| 0:00.0 | Hello, everybody. Chris Martinson here, and today we're going to be talking about finance |
| 0:03.9 | and economics as part of finance you. Remember, anything that you see in this video and all |
| 0:10.2 | resources available at our websites or affiliated websites are not intended as or construed us financial |
| 0:15.8 | advice. This is for educational purposes. Remember, if you have a financial decision, please |
| 0:20.7 | consult a financial |
| 0:21.7 | professional. We are not attorneys. We're not CPAs. We are not financial managers as well. We do our |
| 0:28.4 | best to be accurate. And everything we represent is as accurate as we know it to be. Now, let's turn |
| 0:33.3 | to our program. Hello, everyone. Chris Martinson here of Peak Prosperity with Paul Kiker of |
| 0:37.5 | Kiker Wealth Management. Hey, Paul. Good morning, Chris. Good to see you again. I'm looking at my |
| 0:43.2 | screen. We got all kinds of stuff happening this week. I really want to go into a lot of it. But the two |
| 0:47.9 | big things that I really want to cover with you so that people can understand here, this is Finance |
| 0:52.6 | University. So let's break some stuff down. GDP came in nice and hot. Ooh, you know, smoking 4. Whatever, 6% or 9. I forget what it was. Something high. Right. And then what's going on with the Japanese yen? We've talked about it before. I think Japan's in a real world to hurt here because they're trying to do two things at once |
| 1:13.0 | and you can only do one of them. They want to control the price and the quantity of money. |
| 1:17.7 | I think they're losing control. Actually, of both. |
| 1:20.9 | I agree. |
| 1:21.4 | So, yeah, we'll see what happens here. |
| 1:24.7 | So that's what's on my plate. What's on your plate? |
| 1:29.2 | Markets are, you know, delivering a lot of information over the past couple of weeks. |
| 1:33.8 | You know, we, we had mentioned over the past couple of months, this being the danger zone. |
| 1:39.3 | Yeah. And it's, it's highly possible, you know, that we're seeing, we're entering the Superbubbles |
| 1:43.8 | final act. And the market's given us a good indication of that, you know, It's highly possible that we're entering the Super Bubbles Final Act. |
| 1:45.7 | And the market's given us a good indication of that. |
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