The Liberty Advisor Show W/ Tim Picciott
Business:Investing
Full video here: https://youtu.be/1wbYFnHxOfY
Hi Everyone this is Tim Picciott it is Dec 4th and welcome to episode 40 of the liberty advisor podcast
Man what a tale of two days. Yesteday the market was up over 500 points and today the dow finished down nearly 800 points.
Other big losers included Nasdaq down 3.8 russel down 4.4 S&P down 3.24% and the ten year treasury is back under 3% at 2.912%.
Yesterday a lot of people were optimistic that we’ve come to an agreement with the Chinese.
To me is doesn’t matter whether we have an agreement or not. This crash is has been baking for a long time and now that the FED was dumb enough to believe they could raise rates this many times the crash that has been baking is almost ready to be taken out of the oven
And whether the Chinese and the us have a trade agreement is material. Now if the 25% tariffs were enacted katy bar the bar boom instant recession. That would be like a ton of lead weights to break this camels back and we’re at the point where this camel couldn’t handle another straw but in terms of taking weight off the camel this agreement does very little in terms of taking pressure off. It only avoiding a major self inflicted wound
All along I thought the president was just BS ing. There was no way he could enact those types of tariffs. Doug Casey called tariffs an embargo on yourself and this is exactly what it is in my opinion.
Mike Tyson once said everyone has a plan till I punch them in the face except this time we’d be punching ourselves in the face.
So this temporary agreement did nothing meaningful except avert a self imposed disaster at the end of this month.
And if you are the Chinese yo are getting the raw end of this deal not the Chinese.
The Chinese give us real gooods and we give them digital Iou’s
If we head to trumps twitter feed you see his tweet from earier today about being a tariff man.
Bond market not buying it
Major headwind of QT that has nothing to do with fed funds rates
All of this spells disaster.
If purpose of WE was to raise assets now those asset prices are coming down. Prepare yourself today.
LAS e 52: Negative Interest Rates! It's Happening - Coming Soon!
Pre T&JS e 9: The FALL Of The “Greatest” Economy - Why The Economy Can’t Be Saved
112 DYI Guest Spot: Stock Market News / Epstein / Explosive fight with Davi
112 Yield Curve Inversion w/ John Sniesen
111 Fed Cuts Rates for First Time Since 08!
Ep 110 Libra Goes To Washington
11.7 TRILLION DOLLARS IN NEGATIVE INTEREST RATE BONDS!!!
Iran Says Drop The Dolla As Torpedo's Holla
Stock Market Soars On Bad News
LAS e 47: CONGRESS PASSES MASSIVE STEALTH TAX INCREASE!
LAS e 46: Kudlow No RATE HIKES EVER!
CWS e 28: The Google Killer. Interview With CEO of a Search Engine That Pays You To Search And Doesn't Sell Your Data!
CWS e 27: YouTube & Facebook Do NOT Want You To See This! - Bill OTTMAN CEO of MINDS.com
CWS e 26: CONgressmen tries to Ban Bitcoin and Tons More Crypto News
CWS e 25: Roger Ver aka Bitcoin Jesus joins Tim as he Unloads on Bitcoin v Bitcoin Cash
CANADA'S ECONOMY GRINDING TO A HALT- AUDIO
White Power Is Not OK Audio
Binance Hacked - What You Need to Know About Holding Your Cryptocurrencies on Centralized Exchanges WAM Report
The Impending Fracking Bust - How Debt Created and Destroyed the Fracking Industry
Tokenizing The Stock Market With Blockchain Technology
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