Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Cryptocurrencies and Stock Buybacks Cost You

4 Dec 2024 · 1 min

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0:39

This YouTube discussion (Richard Canfield, Dec 4, 2024) covers how stock buybacks and cryptocurrencies harm American savings. The guest argues buybacks are widespread in the U.S. (discouraged in Canada, restricted/not illegal in the UK) and claims roughly 50% of stock purchases are corporate buybacks; removing buybacks would have left the market largely flat (the speaker cites a 3% difference).

Questions this video answers

Roughly about 50%.

Discouraged in Canada, not totally illegal in the UK, and they 'flourish' in the United States.

Speaker cites that without buybacks the market would have only risen about 3% (implying buybacks drove the rest of the gains).

Chapters

Walk us through a little bit about stock buybacks and what's going on with cryptocurrencies and things, and how that's destroying American savings. How is that taking place?
Truly, the whole thing is stock back buybacks, believe it or not, the discouraged in Canada. They're not totally illegal in the UK but they flourish in the United States. And actually, roughly about 50% of all stock purchasing that goes on today is not food retail investors. It's actually companies buying back their own stock. There's some guys out of Texas, real investment advice. And they did some calculations. And if you took off the stock buybacks out of the market, the constantly went up 3%. If you took out the buybacks, the market really went nowhere. By buying shares outstanding, you reduce the inherent value. The rest of the share.