Learn How to Safeguard Your Wealth – 📞 866-706-9061
“The idea that interventionist governments are going to strengthen the middle class is simply ridiculous,” says Daniel Lacalle, IE Business School professor and economist. In an insightful interview with Daniela Cambone, Lacalle argues that by claiming to tax the wealthy and large corporations, governments are actually eroding the middle class’ purchasing power and stifling the growth of small businesses. Lacalle also warns of the looming dangers the U.S. faces by ignoring its fiscal and inflationary limits, calling the current “nothing has happened yet” mindset a reckless path toward economic disaster.
📞 ACT NOW, BEFORE IT’S TOO LATE: Daniel Lacalle stresses that the economic system is on shaky ground, and gold is your best defense. As the global debt bubble looms, protect your future by investing in physical gold and silver. Learn how today: or call 866-706-9061
“ITM did a great job of educating me on the history of the dollar, the financial markets, the banks, gold, and the laws so that I had a better understanding of things.” – Kristen W.
📖 FREE DOWNLOAD: YOUR ULTIMATE DECISION-MAKING GUIDE ON GOLD AND SILVER:
📖 CHAPTERS:
00:00 U.S. debt
4:54 How will the debt play out?
7:46 What should the U.S. do?
10:09 Small businesses indexes
11:13 Why destroy the middle class?
13:42 What do the next 10 years look like?
16:06 U.S. dollar
18:42 Decline of purchasing power
21:18 CBDC
24:42 Banking sector
26:37 Gold
28:30 Central banks purchasing gold
31:42 When to buy gold
38:42 How can we protect ourselves?
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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.
Disclaimer: The views, opinions, and financial recommendations expressed in this video are solely those of the guest and do not necessarily reflect the views of ITM Trading. ITM Trading is not responsible for any financial decisions made based on the content provided in this video.
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34 Comments
I really enjoyed listening to this podcast as it was really easy to understand for dumb dumb like me who are trying to get more educated on finances. I found it so refreshing to listen to something that doesn't have a whole lot of fancy jargon words in finance that you can't understand. Ibe got a very small portfolio (a couple of mutual funds, an etf and now I'm interested in gold and commodities. As a newbie I get lost in trying to understand all the jargon bit this was great cause very easy to understand for us common folk lol 🤣🤣 – please bring more like these for us newbies trying to learn
In South africa 🇿🇦 greetings we used to have the private sector 😢no more. The rich is a clan 😢
The Democrats are to blame! They give billions to other countries while America is declining.
Not talking about the debt? That’s funny. I just listen to Elon Musk, which has convinced Donald Trump It’s one of the main things that has to be attacked in his administration and he is willing to help him.
Professor Lacalle is very insightful in matter of money and economics! Well done interview Daniela!
Goldbacks and Silverbacks money is now getting popular. These Goldbacks are laminated paper money with Gold and Silver designs, they look beautiful. Besides it's look, I think it offers better buying power than FIAT papers. Wonder if some veteran Gold stackers feel the same about Goldbacks money? Love from the Philippines.
I've followed Prf. Lacalle´s videos, conferences, interviews, in Spanish. It has been patent to me from these talks, that he is at ease with English (my 2nd. language too). Which I've just confirmed through this both conceptual and actionable conversation with Daniela. All along it was worthy of my attention.
Good interview.But inflation is not going to work because the debt trap has already started(around march 2024).
Made a decision 15 years ago to do 10 percent in p metals(physical)..bumped up to 20 percent 10 years ago…can sleep at night….as well US Debt clock…$35.77 trillion…excellent show
Price Controls are an answer when 86% of Cos on US stock exchange are own by 3 Co
Unless Anti Trust legislation is up dated with an Agency delicated to enforce it. MAKE CAPITALISM GREAT AGAIN BREAK UP BLACKROCK ETC
I have listened and learned so much from Dan the Man in the last few years, the man is phenomenal teacher ❤😊
Two counters to an otherwise excellent presentation:
1. Buffet has Berkshire sitting on well over $100bn in cash. So yes…there are billionaires holding considerable cash. Not that I think that is safe! Buffet trusts his timing more than I trust my timing, lol.
2. Daniel does not speak to counterparty risk associated with holding even equities. I am thinking "Great Taking" sort of events, here. Equities in a brokerage can be easily bailed in?
What about a guaranteed 5% return.
Mmm.😂
Buffet sold his equities and now has his money in cash.
These debt discussions are futile. Everyone and the banks know the principle debt will never be paid down, let alone the interest paid down.
US debt for instance, may as well be fictitious, just a silly growing number on a digi screen that everyone knows is a joke, never to be paid off, only to grow.
Like most of your subscribers, I have been listening to many guest for a number of years and I have come to the conclusion that Daniel Lacalle breaks down economics in simple, understandable terms that makes perfect sense.
Change in King Currency is correlated with BigWar. Let’s remember Gaddafi was eliminated because he was creating a gold-backed African currency. The USA aircraft carrier group arrived on the Libyan shores and soon he was gone with Hillary laughing.
A kiwi who has just visited usa & I was shocked to see a country that has completely lost its direction. It's now a country controlled by few for the benefit of those few. This was seen by the high numbers of homeless & drug dependant. Yet neither party is talking about how they will fix these problems. History tells us a depression is near and usd is worthless.
Gold, silver, community & food is what you need.
I live in nz and we have similar problems and I'm thankful I found ITM so I have implemented the insurance steps to protect my family and friends.
they change the rules
Great interview
US government needs to break up monopolies (Amazon, Google, etc) and eliminate subsides ( eg, Ntel et al)
True true. Staying in cash is very dangerous. Just ask Buffet and all his investors how dangerous it is to hold hundreds of billions of cash. They may be waiting for years to use that hoard to make trillions. Just dumb. Who needs trillions anyway?
Impressive conversation. We hear a lot about the ravaging of the middle class. But framing it as creating a 'subservient voter class' is shocking. But at the same time the policies support this assumption. Fantastic guest and sharp insights!
Professor Lacalle is saying many things that are the same as my beloved economics professor Dr. Marienhoff taught us in the 70s. One of them is that the Fed sells bonds and then inflates the money so as to pay them back in far cheaper dollars.
One of my classmates was Elena Kagan who has stated that Dr. Marienhoff was her favorite teacher.
I'm not sure she was actually listening to him.
Professor Daniel Lacalle ! Brilliant ❤
Long run cash holding is not the best, but being in CASH during a crash is a wise choice. This is why Buffett and JP Morgan are moving into cash because they know what is coming; they are rigging the game. The commentator is misleading.
Thank you both so much for your wealth of information ( no pun intended)! Your knowledge was conveyed in a very interesting and educational manner. Greatly appreciated!
Very nice conversation, Daniela. Thanks.
Great discussion with the genius Dr. LaCalle. This is the first time I’ve heard him. Fantastic insight and information conveyed. Please have him back again soon. Thanks
His ability to explain these concepts clearly so that they are easy to understand is invaluable. You always have brilliant guests and always ask excellent questions. Thank you so much!
THIS GUY SOUNDS AND I STRONGLY BELIEVE HE IS A COMMUNIST ALL THE WAY. NOT WORTH LISTENING TO THIS CRAP AND YOU HAVE THIS COMMUNIST ON BRINGS YOU INTO QUESTION AS WELL.!!!!!!!!!!!!!!!!!!!!!!!
Great Daniela – really loved this wonderful discussion- your guest was superb!
Nicely presented. Thank you for another great podcast. It feels like we're going to enter many new paradigm shifts and fast. What applied yesterday will be irrelevant tomorrow. The new data centers and the insane amount of energy they consume is a shadow on the horizon. Chasing traditional wealth might not be the smartest idea right now. It might become irrelevant soon the way things are going. A thought – provoking conversation for sure. ✌🏻