Quantum Economics and Financially Transmitted Diseases

Published on
October 17th, 2019
Duration
25 minutes

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31

Quantum Economics and Financially Transmitted Diseases

The Expert View ·
Featuring Marin Katusa

Published on: October 17th, 2019 • Duration: 25 minutes

Marin Katusa, founder of Katusa Research, explains why he calls negative interest rates a "financially transmitted disease." He reveals how negative interest rate policy (NIRP) affects savings rates and the rest of the global economy. He talks about the potential for further negative rates around the world, as well as the prospects for NIRP in the United States. In the face of a dismal global macro picture, Katusa argues that exposure to U.S. dollars, precious metals (especially miners), and bitcoin will bolster portfolios through turbulent times. Filmed on October 10, 2019 in Vancouver, Canada.

Comments

Transcript

  • BP
    Benjamin P.
    12 May 2020 @ 00:59
    0 0
    Can somebody explain why Marin thinks a US citizen is better playing gold via equity (I assume in mining stocks) vs a Canadian or Australian? Didn't get that part.
  • MS
    Michael S.
    20 October 2019 @ 02:45
    1 4
    "Giving nat gas away"? What? People are showing up to the end of the pipeline and filling balloons with it to take home? His confidence and dismissive in that opinion just make me want to make some more Gazprom. I think I will. Speaking of FTDs, the low price of nat gas (fracking) is so obviously the result of low interest rates. This won't last, at this gas price.
    • KB
      Kieran B.
      15 November 2019 @ 13:45
      0 0
      Yep, we have to burn it off at the wellhead. I believe there's satellite photos out there taken at nighttime where you can see the Bakken lit up by all the gas being flared off. Only thing preventing it from basically being given away is the difficulty in moving the stuff from the patch to where it can be used.
  • AK
    Ado K.
    17 October 2019 @ 14:02
    13 1
    Dude! I am a millennial, that cut deep! Come on not all of us are useless, some are stacking sats like crazy :)
    • JL
      J L.
      17 October 2019 @ 15:50
      3 0
      feel you Ado
    • NB
      Nicholas B.
      17 October 2019 @ 19:36
      4 4
      I love how many people bag on Millenials. The categorization of the age demographic is broad and inaccurate. Many Millenials can't relate, and also nobody wants to talk about the generation that raised the Millenials and attach some modicum of responsibility, or even accountability, for their lack of parenting or discipline. "But I spent 80 hours a week at the office FOR my kids." Awesome, so you were absent doing your own thing not actually being a parent. Cool.
    • BV
      Brendan V.
      18 October 2019 @ 00:59
      5 1
      I feel you. I never thought going to university and building a career for 5+ years would leave me barely able to pay the bills. Bitcoin, gold, silver and trading/speculation are the only way I have forward. I'm also retraining in computer programming. I work at least 50 hour weeks, probably a lot more. 31 year old millenial slacker right here! :P
    • SP
      Sat P.
      18 October 2019 @ 20:30
      0 3
      Some of the things I've seen millenials do in the places I've worked have been hilarious. One example, I used to work for a massive US software company when a millenial booked a 3-month holiday to go travelling. (He had only been working on the grad program for a month). The boss dented the holiday request. Mr Millenial just quit and went anyway and told the boss #2bad. For some things in life, there's Mastercard. For other things there are Millenials #priceless!
    • FR
      Frank R.
      22 October 2019 @ 04:22
      0 0
      That's all we millennials have is our parent's basements, and stacking sats!
  • KB
    Kenneth B.
    18 October 2019 @ 23:51
    2 10
    I liked the videos better when I just read the question. This computerized voice is intensely annoying. Why are we doing that, for a podcast? You don't even need to hear or read the question because the videos are edited so well.
    • GF
      Gordon F.
      19 October 2019 @ 00:40
      16 0
      I absolutely disagree. I have agitated almost since their inception for the voiceover of the questions because I just LISTEN to these. Watching a talking head adds nothing in my opinion, so I listen to the audio when doing other things. But not being able to hear the questions really interferes with being able to follow the thread. If RV wants to use a person to do the voiceover, rather than a computer, I would be fine with that, but I REALLY want to hear the question.
    • NS
      Nir S.
      19 October 2019 @ 03:30
      9 0
      I am with Gordon, great for running or in the car.
    • KB
      Kenneth B.
      19 October 2019 @ 14:03
      6 0
      Gordon, I hear you guys. Can we agree on a more pleasant voice?
    • JL
      J L.
      20 October 2019 @ 08:12
      0 0
      sound effects just gotta go if people are listening to this while driving
    • WM
      Will M.
      21 October 2019 @ 23:43
      0 0
      Ha, why not have Justin Underhill narrate the questions!
  • NI
    Nate I.
    20 October 2019 @ 04:35
    3 3
    Oh please. Imaginary numbers were conceived by Hero of Alexandria in 10 AD (who knows, maybe earlier) but were well established by Euler and Gauss in the mid 1700s. I'll refer everyone to Euler's identity. Many mathematicians (including me) would say the most profound discovery in mathematics of all time (Euler's identity: e^i*pi + 1 = 0). Nothing interconnects the foundations of math (e, i , pi, 0, 1) like it. Breathtaking. Quantum mechanics emerged in the early 1900s - at least 200 years later - thanks to Einstein, Planck, Schrödinger, Heisenberg and others in the study of electrons.
    • MK
      Marin K. | Contributor
      21 October 2019 @ 17:27
      4 0
      Nate, as I've written in my full report--and explained in this video and many others, to explain how we go form the real numbers to complex numbers using sq rt of -1=i ( and we explain how others belonging to complex numbers) was used in Quantum Mechanics (thus complex first!) and allowed for much easier eqns. Not sure why you and others are saying I've stated the opposite, its quite clear what I stated. Our audited performance is here and no imaginary variables used! All real and measurable! https://katusaresearch.com/why-americans-should-not-buy-physical-gold-right-now/
  • SP
    Sat P.
    18 October 2019 @ 20:17
    9 2
    I loved this guy, from the minute he dissed the "Millenials in the basement with their useless Art Degrees" It's so refreshing to hear someone say it as it is. I think the term FTD describes the current situation perfectly, This was straight talking which I loved, no politically correct BS. More of this please RV.
    • MS
      Michael S.
      20 October 2019 @ 02:48
      3 1
      One could just as easily call him a Gen X douchebag (since we don't want to be too PC, right?) with a bunch of overconfident, smug, and useless opinions.
    • MS
      Michael S.
      20 October 2019 @ 02:55
      3 3
      Whenever you're saying something about a group of people, maybe test it out by inserting "black" instead, and see how it sounds. Would you say it in mixed company? Way too PC?
    • JL
      J L.
      20 October 2019 @ 08:12
      1 1
      now back to your netflix grandpa
  • IK
    Ian K.
    20 October 2019 @ 03:53
    0 0
    I love it!
  • JK
    Jay K.
    18 October 2019 @ 21:37
    6 1
    This guy doesn't know what Quantum Mechanics is... but interesting interview.
    • MS
      Michael S.
      20 October 2019 @ 02:36
      4 1
      He doesn't know what a lot of stuff is, but that's clearly not hurting his confidence about all those things!
  • JB
    Jeff B.
    17 October 2019 @ 12:48
    3 0
    Denmark banks offer negative mortgage rate, why do you think if we go negative 10TY here we also don't go negative on mortgages?
    • EH
      Edward H. | Real Vision
      17 October 2019 @ 15:07
      5 0
      That was my question to Marin when he discussed negative mortgage rates. And his response was the one about the subsidized housing example and his belief that these mortgages will only be available to a select few. See Part 5
    • JM
      John M.
      19 October 2019 @ 05:46
      0 0
      I think Denmark is the exception and it's still only a few cases - admit I'm not sure. If banks are paying mortgage customers(say 1%) to hold a mortgage then they have to charge depositors (>2%) to hold deposits. At some level depositors will flee - game over! Also if people paid to borrow can you imagine how you attract the wrong crowd?? Lending is risky as is let alone lure wrong types by giving them money! Lastly maybe banks trying to play both ends! If banks ever give people money to hold mortgage my guess there is going to be lots of hidden fees that come with that loan! Just my opinion.
  • JP
    John P.
    18 October 2019 @ 05:37
    7 3
    I thought this presentation was absolutely great, immediately looked up the author's website. How can a guy this credible run such a scammy looking website? Typical "I, teacher, turned my extra savings into millions which I used to renovate my European vacation home and you can too" bullshit. Maybe semi retired BOOMERS fall for this pitch, but to a millenial it comes off as a pure pump and dump play. Not sure what kind of math he was teaching but the returns he gave off initial capital would make him quite literally the greatest investor of all time. Why he even talk about Bitcoin when his website claims to offer picks that have such substantially better returns? Again, loved the presentation, but what's with the James Altucher/Jason Bond get rich quick website?
    • JL
      James L.
      18 October 2019 @ 05:45
      3 4
      you're talking about katusa research.com? it doesn't look scammy at all. the way you talk sounds like the dumb millennial he describes
    • BK
      Brian K.
      18 October 2019 @ 20:57
      2 1
      I checked the website and it’s nothing like you describe.
    • BV
      Brendan V.
      19 October 2019 @ 01:23
      4 2
      Your critical thinking skills need sharpening. I'm a 'millenial' (I hate admitting it lol) and a Katusa Research member. I can vouch 100% for Marin - do your homework and learn more before being blindly critical. He didn't turn his 'extra savings' into millions - he took out a $250,000 loan against his house and smashed it with tungsten stocks. He then repeated that success with uranium stocks. His analysis is thorough and his genius is evident in both math and his skill as a deal maker in the natural resource space. It is hardly 'get rich quick' - in fact the utmost patience is required and part of the approach. You could learn a lot from somebody like him, and btw the math he used to teach was advanced calculus including topics like quantum mechanics.
    • JS
      Jim S.
      19 October 2019 @ 03:56
      3 0
      In sorry, but you don’t learn quantum mechanics when taking calculus.... and quantum mechanics did not give rise to imaginary numbers
  • JB
    Jonathan B.
    19 October 2019 @ 00:58
    1 0
    Fantastic. Appreciate the very direct and pragmatic approach. Equinox and anything Ross B. does is worth checking out. Would be great to have him on again soon.
  • RW
    Ryan W.
    18 October 2019 @ 05:43
    2 0
    At 3 minutes in, I love this already! This resonates with my opinions about negative interest rates over the last year and so glad to find someone with an in-depth narrative that I can refer to. Thank you RealVision. Having said that, I'm not sure you know the breadth of your audience if you are targeting accredited investors. I for one, am not. I may have gotten more actionable ideas out of the comments here than the video itself. Keep these coming!
    • SP
      Sat P.
      18 October 2019 @ 20:18
      3 0
      Agreed, lots of actionable investment ideas here for those of us that are not accredited investors
  • JT
    Jason T.
    18 October 2019 @ 19:29
    3 0
    LGDTF +4% EQX +6.5% today. Thanks Marin!
  • BK
    Brian K.
    18 October 2019 @ 02:47
    6 1
    This is what I expect from Real Vision. Straight talk from a person who knows the business from the boardroom to the trenches. Excellent presentation.
  • EH
    Edward H. | Real Vision
    17 October 2019 @ 11:25
    29 0
    Good presentation by Marin! I conducted the interview and wanted to point out that halfway through Marin mentions “Rick”, without a prior reference on camera. He was talking about Rick Rule, who I had just mentioned off camera. His interview is coming later. That one should be good too. Cheers. Ed Harrison
    • BV
      Brendan V.
      18 October 2019 @ 00:59
      1 0
      Rick Rule and Marin Katusa are role models for me. Amazing people with amazing insights.
  • DB
    Diarmuid B.
    17 October 2019 @ 19:01
    0 0
    What is the bitcoin fund he mentions and who are the 2 people he mentions? Mark Cart? Worth Ray? Thanks
    • Sp
      Scott p.
      17 October 2019 @ 23:48
      3 0
      Don't invest in Bitcoin funds people. Buy Bitcoin yourself and be your own bank. If you must though there are very cheap and easy custody solutions if that's what you need but there's no point paying a fund manager to manage 1 asset for you. Just buy and hodl people. A couple of good custody solutions www.unchained-capital.com & casa (keys.casa is the website) Also FYI Mark Hart is a macro fund manager, he has some videos on real vision.
    • BV
      Brendan V.
      18 October 2019 @ 00:57
      2 0
      Buy a Trezor or Ledger Nano if you are serious about holding Bitcoin.
  • BV
    Brendan V.
    18 October 2019 @ 00:56
    4 2
    Marin is 100% legit and 100% genius. Love it.
  • JS
    Jim S.
    18 October 2019 @ 00:52
    2 0
    Great video, lots of good information and I appreciate it all the work that goes into these. While I know very little about finance... I just want to point out that quantum mechanics did not lead to the creation of imaginary numbers... they’re at least a few centuries between them. Love the title though!
  • PG
    Philippe G.
    17 October 2019 @ 20:00
    6 0
    Uranium Royalty Corp. appears to be private (for now)?
    • BF
      Bruce F.
      17 October 2019 @ 22:13
      3 0
      it still is private. they hope to bring it public before year end
  • TB
    Thomas B.
    17 October 2019 @ 22:00
    6 2
    I love Marin. Glad to see him on here. I've listened to him a few times on some podcasts and he always has great research and his analysis is always well thought out. I look forward to seeing him again.
  • FR
    Frank R.
    17 October 2019 @ 18:33
    3 0
    Just a recommendation for Real Vision people like me who are just now exploring this crazy upside-down financial world, could you somehow link the transcript to a glossary that defines some of these words Like NAV, made a 50 bagger, NPV. We could just ask here but it would be cool if you had that.
    • CB
      Chris B.
      17 October 2019 @ 19:07
      4 0
      NAV - Net asset value 50 bagger = you made 50x your investment NPV = Net present value This doesnt address your larger question; just trying to help out
    • GD
      Ghassen D.
      17 October 2019 @ 20:48
      1 0
      NAV (Net Asset value) = NPV (Net Present Value) for a mine which means the sum of the discounted futur cashflows the mine would Generate over its lifetime (Usually the discount rate should be either the cost of capital or your required return on investment) 50 Bagger = He made 50 times his money, 1$ generated 50$ when he sold, not bad ah !!
  • JB
    Jon B.
    17 October 2019 @ 13:57
    0 0
    What's Nav?
    • WS
      William S.
      17 October 2019 @ 14:18
      0 0
      Net Asset Value

Chapters

  1. 00:01:16
    What macroeconomic policy will have the greatest impact on the global economy going forward?
  2. 00:02:34
    What impact will negative interest rates have on inflation or deflation?
  3. 00:03:43
    How much further can negative interest rates go?
  4. 00:04:24
    What impact will negative interest rates have on real people?
  5. 00:06:28
    How widespread could negative rate mortgages become?
  6. 00:07:50
    What happens to savings rates with negative interest rate policy?
  7. 00:08:44
    What about bonds?
  8. 00:09:34
    What is your outlook on the U.S. dollar and gold?
  9. 00:15:06
    Natural Gas
  10. 00:15:25
    Do you see natural resources equities as better investments than the underlying commodities?
  11. 00:19:04
    Is there a big difference between precious metals markets and other natural resources markets?
  12. 00:20:10
    What is the most interesting investment in the natural resources space over the next 6 to 18 months?
  13. 00:21:20
    What are the most promising names in the natural resources industry?
  14. 00:22:47
    Gold vs Bitcoin?