Summary of Systemic Instability NOT Inflation Is The Threat The Fed Should Fear | Lance Roberts & Adam Taggart

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00:00:00 - 01:00:00

In the video, Lance Roberts and Adam Taggart discuss the potential for systemic instability in the United States, which could lead to higher prices and a financial crisis. They suggest that the Fed should be concerned about this possibility and take steps to avoid it.

  • 00:00:00 The video discusses the potential for systemic instability in the United States, which could lead to higher prices and a financial crisis.
  • 00:05:00 The video discusses how risks associated with higher interest rates and inflation are increasing, and suggests that a financial crisis may occur soon. The Bank of England recently had to reverse course and start buying bonds due to concerns about pension fund insolvency. This is important to note as it provides a glimpse into the risks associated with higher rates, which can have a wide variety of effects.
  • 00:10:00 The video discusses how the Bank of England abandoned its efforts to fight inflation after the new Prime Minister was elected, resulting in a decrease in the value of UK bonds and an increase in margin calls.
  • 00:15:00 The UK's decision to intervene in the market has caused prices to rally in the US, but this is not a long-term solution. Higher rates in the UK are crushing bonds, and the UK is at risk of experiencing a Lehman-style crash.
  • 00:20:00 The speaker discusses how inflation is a good thing, and how high rates are good for reducing overvaluation and house prices. He also talks about the dangers of financial instability, which can crush the economy.
  • 00:25:00 Lance Roberts and Adam Taggart discuss the importance of Financial Instability and how it can lead to inflation, joblessness, and other problems. Roberts explains that the Federal Reserve has various tools to deal with Financial Instability, and that companies are often remiss in using them.
  • 00:30:00 Lance Roberts and Adam Taggart agree that deflation is a bigger risk than inflation, and that the Fed should be careful about doing more quantitative easing because it could lead to another financial crisis.
  • 00:35:00 Lance Roberts and Adam Taggart discuss the possibility of systemic instability leading to inflation, especially if the Federal Reserve were to pivot away from rate hikes. They note that while this could happen, it's possible that other factors could still keep prices low, such as an oversupply of goods and layoffs.
  • 00:40:00 The two most recent releases of economic data show that the economy is continuing to slow, and may be in a recession if the current PMI number is any indication.
  • 00:45:00 The speaker discusses trends in economic indicators and how they suggest an impending recession. She also discusses the effects of inflation on the economy and how consumers are not spending as much as they used to.
  • 00:50:00 Systemic instability is a term used to describe situations in which the financial system can break down and cause widespread economic chaos. The 2008 financial crisis was caused by a series of abuses that led to the breakages that caused it. The market is currently behaving similarly to how it did back in 2008, which is eerily similar to what happened back then. The economist discusses how the market is tracking a perfect overlay of the 2008 market path. He also mentions how the housing market peaked in 2007 and then began to decline, mirroring what is happening now. The interviewer asks the economist about similarities between the current market and the 2008 financial crisis, to which he responds that there are many similarities.
  • 00:55:00 Systemic instability can lead to inflation, and the Fed should be concerned. Lance Roberts and Adam Taggart discuss the similarities between past bear markets and the current market environment. The two discuss the potential for a Lehman-type moment.

01:00:00 - 01:45:00

The video discusses the importance of self-understanding, saving money, and investing in assets. It recommends that people prioritize their health, relationships, and career goals.

  • 01:00:00 Lance Roberts and Adam Taggart discuss the potential for systemic instability to lead to a global recession. Roberts notes that while many events could lead to a global recession, the most likely scenario is something unforeseen happening that breaks the markets.
  • 01:05:00 Systemic instability, not inflation, is the real threat the Federal Reserve should fear. Lance Roberts and Adam Taggart discuss the Broken Window theory, which states that when one window is broken, it leads to an increase in crime and overall economic decline.
  • 01:10:00 Lance Roberts recommends young people to do four things to learn more about investing: watch videos, attend classes, meet with professors, and try out different jobs. He also recommends getting a mentor.
  • 01:15:00 The speaker provides advice for those planning to start their own business, emphasizing the importance of enjoying what you do and doing what is successful. He also warns against taking risks, which are critical to building anything of value. If you are happy with a job that provides income, stability, and fulfillment, there is no need to pursue wealth beyond that.
  • 01:20:00 The speaker provides advice for people who want to start their own business, based on the idea that it is important to be willing to fail in order to succeed. He points out that successful people have failed multiple times, and advises listeners to pursue their passion instead of worrying about money.
  • 01:25:00 The video discusses systemic instability, which is a more serious threat to the economy than inflation. Lance Roberts and Adam Taggart offer advice on how to live a life based on your own expectations, rather than those of others. They discuss the importance of self-understanding and creating a vision of success, as well as setting goals and working towards them. If you can't read the book, taking the Johnson O'Connor aptitude test is a good way to start.
  • 01:30:00 The video discusses the importance of self-understanding, investing early in one's life, and relationships. It recommends that people prioritize their health, relationships, and career goals.
  • 01:35:00 The video discusses the importance of saving money and investing in assets, and how living frugally and paying bills on time can help build wealth. The presenter recommends following the pay yourself first rule and minimizing your cost footprint. They also recommend investing in stocks and index funds, and living in an affordable apartment.
  • 01:40:00 Lance Roberts and Adam Taggart discuss the systemic instability that is not inflation, which is the real threat the Federal Reserve should fear. They also discuss Lance's experience with private banking and Infinite Banking, which are additional ways to manage your finances. Finally, they remind viewers that they do these videos to help educate people, but that action is essential to creating real value. If you're interested in having a consultation with Lance and his team, you can do so by visiting Wealthyon.com.
  • 01:45:00 Lance Roberts and Adam Taggart discuss the dangers of systemic instability, which are more dangerous than inflation.

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