“The snowball on the debt through the interest rates and the interest cost on the national debt is growing so fast that even drastic measures won’t make it disappear,” warns Joseph Brown, host of Heresy Financial. In this discussion, he delves into the pressing debt issues facing the U.S. and explains why owning tangible assets like gold is imperative as a hedge against the devaluation of fiat currencies.
Brown also highlights the success of Javier Milei’s reforms in Argentina, emphasizing how reducing government size and slashing spending curbed inflation and sparked economic improvement: “What Argentina shows us is that by slashing government spending and deregulating, you free up resources, and the economy can start to boom again.”
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📖 CHAPTERS:
00:00 Javier Milei’s policy
4:32 Argentina economy
6:21 Government spending cuts
8:03 RFK Jr.’s health initiative
9:07 Bitcoin
12:40 U.S. debt
16:08 Gold
18:23 Money printing
21:02 Financial reset
23:23 Concluding words
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For more than 28 years, Phoenix-based ITM Trading has been a nationally recognized organization for trusted, data-backed research and investor education in the precious metals industry. They strategically assist clients nationwide, specializing in the different functions that physical gold and silver products provide in a diverse portfolio. ITM Trading’s mission is to give investors the knowledge, analysis, and lifetime strategies they require to confidently navigate the intricate monetary policies that restrict economic freedoms. They help build each client a custom portfolio designed to protect and grow their wealth and assets during economic downturns, hyperinflation, and currency resets.
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48 Comments
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Thank you for another great interview. Joe Brown is always good to listen to.
Argentina went from nothing on the shelves to things most folks can’t afford on the shelves. Argentina still has years to go for their economy to thrive. The pain is real. 😢
Unfortunately, you need years of pain for citizens to accept the pain of fixing the problem.
The problem the U.S has , apart from the State budget , is the entrenchment of corporations with politics , the entire "lobby" concept is criminal , is legalized bribery . There is no such thing as free market when interest groups are favored by the state , and have better condition to thrive than others that cant compete in a plain field .
Yay!!! Joe you're really getting big now! I don't know what determines that you made it but I'm pretty sure this is it. But I will never forget when we wear at George's birthday party and you were just starting.
WHAT ABOUT AI AFFECTING THE ECONOMY?
Joe is great, thank you for having him on
Can you make a video about the DOGE department and what impact it will have on the economy?
I love this guy and I love this woman. What a treat to see this interview of you both!!
Yes – there is waste. The additional debt added with mass layoffs from Federal government: food stamps, unemployment payments, FHA/USDA payouts due to foreclosed mortgages, etc. Not to mention – private sector layoffs right now for multiple reasons indicates there will be no jobs for the former Federal workers to obtain. Crime may increase. Again – we need cuts. But the repercussions from using a chain saw in lieu of a scalpel may be devastating.
To big of a tumour and they may have to take the whole leg, this where you become permanent disabled, no coming back.
Bitcoin will eventually go to zero. It has no intrinsic value and cannot be used as money because of the high cost of transactions. It is a complex database that uses enormous amounts of energy. It is the canary in the coalmine though which is good. But its days are numbered. Gold and perhaps silver will become money again as stated in the Constitution.
Love to see two of my favorite people coming together!
Joe has the best YouTube channel in the game, such original content!!
Thank you for explaining the price discovery mechanism at the end, and how the math on mortgage rates reductions could possibly drive certain housing market segments lower, great show and love Melody
Universal basic income will become a necessity…
will Elon cut Gov spending of money given to his companies ? it was said that he gave $259M dls. to the Trump campaign. will it be no reward for him ? the most out of touch persons in charge of Gov spending for the ppl…. what could go wrong ?
Market isn't pricing anything Joe, that's how it used to be. Today, and you know this because you did an episode about it, the passive bid is all that matters. Daniela, why don't you try to get Mike Green on.
The stock market is the economy. They aren't different. The stock market is driving spending. When the music stops the spending will too.
Dude. Milei devaluated the currency 50😂 stealing the population and investors. Argentina hit record high povertry levels (more than 50% of the population). Unemployment and recession and povertry is what this retarded brought in his country. I bet he already has an evacuation plan… just in case the population wake up. 😂
By the way. Cost cuttings can be done by my 8yrs daughter or even worse by a unterperforming accountant or even worse AI piece of garbage. The challenge is to create wealth not misery. I would start cutting by canceling the honeymoon of elon with zelensky to mars😂
Absolutely rediculous. The nr. 1 goverment backed enterpreneur globally will decide for goverment cost cuttings? What you guys smoke in states 😂😂😂.
They won't cut true American programs such as socialistic security and V.A. entitlements as the Democrat commies want to spook us into thinking.
Are you trying to tell us Trump can't get it done? O.K. Then I suggest we all just go to hell right? We're done– we're finished—we're dead right? We'll need a Democrat back in like Biden. Right?
Love your videos keep up the good work.
Mike from the UK
Daniela in your introduction you said " money is s being devalued" I think you know that you should say " currency is being devalued" money is Gold & Silver not Fiat!😊
When questioned about bitcoins naturally showing up vs a government funded entity he has said it doesn't mater. So to speak of it as a natural happen is ridiculous.
Thanks once again for the financial information Daniela Cambone and ITM Trading Team.
Amen brother and sister
Crypto and the fiat currency are both illegal by the Constitution only money shall be made in gold and silver
Once they release the data on vaccines and if Kennedy really let's the people decide for themselves the pharmacy companies will lose huge amount of money
This guy Joe don't know why btc was created that is nonsense. As he can't or anyone can't even tell you who created it. It's is my guesse that btc is a usa goverment ops.
'productive' economy? in the USA? wtf are you talking about.
big Q Is these initiatives may cause too kuch ahort-term pain that the system, already toppling, simply can't handle it — is he gonna front-run these initiatives with … some kind of … stimulus measure…? …?
The market price of something does not mean that it is also worth that much. Many things eventually fall out of favor and become 'fallen angels'. But there is nothing as delightful as something worthless, such as Bitcoin, being pushed upwards with an almost religious fervor. Discussions about this with those who have undergone brainwashing are a waste of time. Even if Bitcoin is on its way from $98,000 to $13 million in 2045 (Saylor of MicroStrategy), Bitcoin gamblers are on extremely thin ice, because 'it is too good to be true'. History shows that such things always end very sadly. Exception is physical gold and or silver… this is REAL
Of course, TRUMP has abandoned his skepticism towards Cryptos, because many of his wealthy supporters have long been heavily involved in this speculative game (just like the chain letters of the 70s and just like every musical chairs), thus offering Crypto gamblers the prospect of a regime with few or no rules at all. That's why he was able to win the election with a relatively small budget (only a third of that of the opposition).
In 10 or 20 years or much sooner, Bitcoin and every other Crypto will end up at ZERO. You can buy, but you can't sell anymore. The HODLERS ('hold on for dear life') with $10 million 'profit' or more (50% of the 'wallets'!) are already refusing to sell. So once the wind changes, for whatever reason, it will be an incredible spectacle of insatiable greed. But it could also be that the powers behind the scenes (NSA, part of the CIA? NSA invented the hash algorithm — SHA-2, same as Bitcoin's — SHA256 –) suddenly decide to confiscate the whole lot, because it was always a honey pot for poor fools just like Epstein Island for naive celebrities, who could easily be blackmailed, and the A-listers, who couldn't get enough of Sean 'DIDDY' Combs' 'freak-off parties' with minors.
So keep your feet on the ground!
What happens when one allows politicians/ government to write unlimited amout of checks. They spend you work. Someone has to pay the spending bar tab
Insanity…..USPS is mailing 80% less packages, but the USPS has added 190,000 jobs?
Daniella is probably the best mom. I’m so glad she’s making kids. 🙂
Greed and capitalism are totally different.
Not only protecting yourself from the dollar but the banks and government stealing your money.
With the new advancements in Quantum computing from Google, say goodbye to current crypto. As of today, Crypto’s death timeline has just been accelerated.
Milei stole everyone's savings by devaluating the currency. Inflation went down because people cannot afford anything.
I think people should realize that they don't need the government for Social Security they should be doing it themselves. It's called paying yourself first putting that in an account until you have enough to buy gold then you just stack gold to preserve that value
You can get rid of social security. This is how you do it you take all the people that have put into Social Security and give all that money back plus 5% and then you tell everybody good luck. You'll be having to save yourself for your own future in which case this is where you come in and say buy gold and silver
The only way we get out of the problems we have as a country financially is to revalue gold. If the Trump Administration wants to buy 1 million Bitcoin they don't have the funds to do that unless they revalue gold and use the gold to buy it because if they use the money printer inflation will ensue plus you pay interest on that. Also find out the total of debt and deficits on and off balance sheet as well and after you figure it out all that stuff you reevaluate the gold to the Bitcoin and debts and it comes to around 100,000 an ounce then you reset them monetary system saving the whole system as a whole and we can almost start over brand new
This guy is an dream shoe out.its the debt an 1trilloin in interest and plus unfunded liability this guy wasn't even around in the early eightys. All talk and the debt is Hugh.
This guy is so full of poo!