Tag Archives: Valuetainment

Dissecting the Floyd Incident

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The topsy-turvey rollercoaster that has been the aftermath of the George Floyd incident has given us substantially more questions to ponder than answers. Video blogger Patrick Bet-David, after stepping back and absorbing the truths and lies, takes a comprehensive look at what is now really transpiring with the incident. Bet-David shares his thoughts  on the key players, the cops and protesters, the implications of racism, who’s to blame and who is benefitting most, plus much more in this edition of Valuetainment.

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The Biggest Scam in America

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With the rising costs of education and student loans spiraling out of control, many progressive politicians, such as Bernie Sanders, are suggesting that we should have free tuition at colleges and universities. But how do they propose to pay for it? From the American taxpayers, of course. Not a good idea, says entrepreneur Patrick Bet-David. Instead, Bet-David says the real problem lies in the colleges themselves–why an education costs so much and why the system is the biggest scam in our nation today. Bet-David reveals how our universities are tax-exempt on property, tuition, sponsorships, donations and income from activities on campus. Bet-David gives us more of the shocking truth in this episode of Valuetainment.

Gold is King

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When the dollar became the world currency after World War II, the United States was the world’s richest creditor nation. We had massive trade surpluses and we were the leader in manufactured goods. The dollar was not only backed by gold, but also convertible into gold. Then, says financial commentator and economist Peter Schiff, we exploited the situation and began spending like drunken sailors. With growing concerns over the stability of the dollar, other nations began converting dollar reserves into gold, forcing President Nixon to delink the dollar from gold to the floating exchange rates that exist today.

Fast forward to today and reckless spending has amassed a record deficit exceeding $20 trillion, a scenario that doesn’t bode well for the dollar. “We are going to go back on the gold standard eventually,” Schiff says. “It’s not going to be our decision, but the market’s decision.” He tells us why in this virtual interview with Patrick Bet-David on Valuetainment.

Printing Money Doesn’t Work

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Wreckless spending and the onset of the coronavirus pandemic have plunged the globe into $250 trillion in debt. Problem is, there is only about $50 trillion in coins and currency. And, the United States is taking on more debt during the crisis than any other country. So, what gives?

Economist Danielle DiMartino Booth says, “We’re being told that it’s all going to be fine, because you can just have the Federal Reserve finance all debt that’s being taken on.” But the consequences could be devastating. “I always adhere to (Milton Friedman’s) philosophy that there’s no such thing as a free lunch,” she says. “You can buy time. God knows we’ve seen a lot of time purchased but not paid for. So, yes, I think there will be ramifications.” Tune in to Valuetainment with Patrick Bet-David and Booth for more.

Why Taxes Are Broken

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In light of the COVID-19 stimulus package recently passed by Congress, Valuetainment host Patrick Bet-David posits that if the government is going to continually bail out corporations and print money, why pay taxes? It’s a conundrum, says economist and CEO of Quill Intelligence Danielle DiMartino Booth with a dire future because our tax system is broken and doesn’t make sense anymore. “If you make very little in America today, you’re going to get through this (economy shutdown),” she says. “If you’re worth a ton of money, you’ve long gone to cash. If you’re in the middle, you’re screwed and you’re pissed.” The result, Booth says, could be a generational change that brings about a genuine direction in how we approach our leadership in America. Here’s more from Valuetainment.