I'm also in Australia and a millenial. I feel more and more of my generation are filled with disgust at the current systems. Part of the shift is that even attempts to move wealth taxation to levels from the 90s are called socialism to shut them down. A chunk of the population has thus turned into "So I guess the only way is socialism then", because calm mature movement to fix income inequality has been refused (the last election was an example. minor redistribution was decried) I also feel the crowding of the educated is a huge problem too for millenials. Upward mobility was developed in education, but downward movement in the inadequate has not been encouraged. So job openings for starters are clogged with both the upwardly mobile and the well connected dullards.

Would love to see someone cover the stakes & nuances of authoritarian (China) vs neoliberal (USA/EU) capitalism moving forward and its potential impacts across broad sectors like technology, defense, academic rsearch, etc. The Kyle Bass episodes touch on this but only at a surface level.

Not sure why but real vision video editors still haven’t got the point. The issue is the music being three times louder than the interview. Full volume to hear the interview breaks your eardrums with almost no warning when the music comes on. Happy with the music just turn the bloody volume down!

Agree it seems like such a SIMPLE fix, perhaps the sound editor is hearing challenged .....

I disagree, once these Millennials (which I am one) get some $ in their pocket there views will change quickly. They/We are no different than prior generations.

As a fellow millennial (‘92), I tend to agree with you. It’s sad, but our generation is so economically ignorant and think there’s a free lunch. However there’s opportunities in every crisis for sure. For example, long puts on healthcare will be a great play if Sanders/Warren get the nomination.

Ryan. I am not a Millennial and in my experience in talking to Millennials they are no more ignorant to economics/finance than gen x (my generation) or boomers.

As a baby boomer, I will tell you that every generation is different and money often makes you think in terms of helping others than just keeping it in your pocket. If you read Neil Howe's book "Generations" you will see there is a contrast in how people think from generation to generation. So if socialism rises up with millennials, then it may stick. Baby boomers worked hard to get us into this situation of debt and unfunded liabilities so it will take another generation to make the changes to get us out of it.

Reply to Chris M... I am a baby boomer ..on the top end of that spectrum (born in 1945). So I was 20 when Lydon B Johnson instituted Medicare and Medicaid. Social Security was instituted in 1935. LBJ also played a hand in the institution of the student loan program along with a bunch of social programs we have today like section 8 housing. So your comment that the baby boomers worked hard to get us into this mess is plain wrong. You need to blame your Father and Grandfather for the mess.

Yes I am a boomer born in 56. Initially I agreed with Chris M, but after pausing each generation takes sometime to establish itself as the preeminent power broker. The Boomers did not start to exercise decision making power in government until their 40s, so lets call it the 1990s. Political and economic policy decisions were made by the Silent generation from the end of the 60s through to the early 90s. So the Boomers are not primarily to blame for the guns and butter decisions. However, the post 2000 economic management has been solidly driven by boomer political power and we have unfortunately failed to "grasp the nettle" of deficit spending and entitlement management. Politicians typically only act when there is a crisis and the entitlement crisis is almost upon us. The next recession (that government and banking are fighting to suppress) will expose the vastness of the entitlement deficit for all to see. That crisis will bring about means testing, benefit trimming through reduced inflation indexing payments, rising taxes on ALL but especially the perceived wealthy (certainly anyone with $250k or more income), and a push back against monopolies.

That also crossed my mind when he was talking.

I wish and hope I'm wrong.

Wrote too soon, he does get into this about a minute before the video ends

One thing I find very interesting, and which we have to think about, is the degree to which ZIRP (and now NIRP, God help us) has led to consolidation by favouring capital over labour, and favouring scale. The irony is that if we want a more competitive and fair business landscape, we might have to reboot the monetary system. Just no way CBs will allow rates to rise because it would cause a massive wave of defaults / bankruptcies, and no political or economic decision-maker has the integrity or stress tolerance to do this on their watch. So a monetary reset really is THE only way forward. I suspect they have been developing plans for this transition for some time.

Or fiscal policy, which will create inflation and wipe out debt that way. Read: MMT. A very naive and risky idea if history is any guide.

(and just to be clear, I'm on board with the core idea, just not those examples given)

Can't schedule them all at once, I suppose, plus the Bitcoin - Gold special was timely, IMO.