Thanks as always for watching :D This video was requested by the team over on Patreon. If you want to have your say on what video is produced next please consider supporting the channel. www.patreon.com/EconomicsExplained
@lankonthungezung93604 жыл бұрын
Ok. Bruh
@fatpotatoe60394 жыл бұрын
Your conclusions and analysis sound eerily similar to the Austrian School
@jamiainaga58534 жыл бұрын
Great Info.
@tubularmonkeymaniac4 жыл бұрын
Not sure if you’ve done it before. But a scenario where US hegemony completely collapses. What happens next, for the world and for the US?
@hev3604 жыл бұрын
careful patreon might go belly up with all those arbitrations
@MasterCoD1244 жыл бұрын
1929: The Great Depression 2020: The Big Sad
@watema33814 жыл бұрын
2021: The Bigger Sad
@Condemn-Focus4 жыл бұрын
@@watema3381 I will be 2022 -99.9 percent GDP 2021 will be 66.9 percent get ready for economy collapses !!
@postblitz4 жыл бұрын
The big cough!
@keiranferrier36424 жыл бұрын
2120: The Enormous Lament
@randomlyrelatable13724 жыл бұрын
Sad shaq
@grmancool4 жыл бұрын
The US should just set a Patreon account
@zyan9834 жыл бұрын
ikr
@nobaso6204 жыл бұрын
😂😂😂😂
@georgeroy98064 жыл бұрын
@@zyan983 capitalism would disagree with you😁
@skyscall4 жыл бұрын
taxes are just america's patreon account
@vatu4 жыл бұрын
Nah dude, onlyfans is the way
@jac78954 жыл бұрын
A famous rich man once said the best time to buy is when there’s blood on the streets. Even if that blood is your own.
@blyat72764 жыл бұрын
the problems this quote has been said a billion times since 2008 so thats what everyone did which caused stock market to rise like crazy with the help of fed, which is far from blood on the streets.
@redlorax53804 жыл бұрын
Yeah. If you can buy stuff that is. This is why crisis furthers the gap
@hepthegreat40054 жыл бұрын
@@blyat7276 yup. But that's not blood in the streets yet. Itll come. I'm sitting on the sidelines until then.
@Minastir14 жыл бұрын
Too bad only a select few have the means to buy at that point.
@shivamshahorignal4 жыл бұрын
Can't agree more!!!
@fighder24 жыл бұрын
"Children will live richer lives than their parents did." I had to pause and laugh...then cried :(
@KateeAngel4 жыл бұрын
That idea was never viable on a long time scale. "Only lunatics and economists can believe in infinite growth on a finite planet". I would say: only lunatics, some of them just happen to also be economists
@loganc23804 жыл бұрын
We forget to mention that basically everyone now has a smartphone, which is significantly faster than the computers your parents (if they were lucky) were able to use when they were young. I hear people complaining about iPhone costing 1k (I mean it is ridiculous) but an IBM, Apple, or Microsoft personal computer 30-40 years ago cost closer to 3-4k, while being much less useful. And that's not including inflation, gradually increasing wages, and the much easier access to education/information. We have no right to complain... yeah the world is kind of a mess, but we have every opportunity to go and do something great. It's just a matter of starting
@fighder24 жыл бұрын
@@loganc2380 I don't think that logic holds up well. The medieval ages had it better than cavemen, and the great depression had it better than the medieval, so by your logic, no generation is bad, everything is always great. Also having a smartphone that everyone else also has decreases its value. The computer 30-40 years ago existed in limited numbers, and so its rarity combine with functionality that contributes to production gave it value. Just by having a computer 30-40 years ago, you gained a mean of production to provide a unique service only a few can provide. Now though, despite a significant increase in computing power in a smartphone or a computer, the sheer supply of those items has rendered them nonviable to be a item suited for production. The massive increase in population has caused many marketable assets and skills to be devalued. People, like any asset, decrease in value as the supply of them increase. When there are thousands of people capable of being a waiter or cashier, they become much more replaceable than when there is only hundreds of people.
@loganc23804 жыл бұрын
@@fighder2 I think you misunderstood my point. The main comment sarcastically mentioned how we live richer lives than our parents, and im just giving examples how our overall quality of life is better. You can argue things are harder now in some instances, and i would probably agree. But there are so many more opportunities available for us that I dont think you can say we have to follow those set paths our parent took. Anyone rn with internet can learn a new skill, our parents didn't have that same luxury
@fighder24 жыл бұрын
@@loganc2380 You said it yourself, everyone can learn a new skill now, which devalues the skill. The increase accessibility to knowledge and training devalues the resulting skill set. While the entrance fee to those skills has increased, the value of the skills decreased. Not only is this inverse relation bad on an individual level, the negative effect is amplified by everyone else doing it. You talk of the increased opportunities as a good thing but disregarded the increase in competition and also a decrease in demand as technology has made it more efficient for less people to do the work of many before. The demand for people has not been growing at a proportional rate as the supply of people coming in.
@hermesliteratus8824 жыл бұрын
When you hear Americans start saving, you know how bad the economy is.
@Strgzz4 жыл бұрын
An underrated comment
@BigShmeels4 жыл бұрын
So true lol
@sumralltt4 жыл бұрын
What a joke - With half the US work force out of work or taking huge pay cuts - How can you can when you can't pay for basic living necessities?
@ErikPT4 жыл бұрын
Usagi I mean meager savings won’t avert an impending downturn
@Strgzz4 жыл бұрын
@@ErikPT Of course they don't. I interpreted the comment as more like a dark joke.
@paulbradleyowido16714 жыл бұрын
“Take a nice deep breath relax a little and let me tell you why we are all f**ked” wow
@BearMeOut4 жыл бұрын
They got us at the first half... Not gonna lie
@shaikimthias9744 жыл бұрын
@@BearMeOut this made me laugh a lot
@Horible44 жыл бұрын
Hope all the fear mongering over coronavirus was worth it. Now you've got a scarier problem to deal with.
@CarrotConsumer4 жыл бұрын
@@Horible4 Human life is worth it, yes.
@Horible44 жыл бұрын
@@CarrotConsumer This guy literally just did a video on how you're killing people anyways. The amount of suffering that can come from an economic downturn far outweighs any virus that can strike a population in the modern age. You can't save everyone. Get over it.
@EconomicsExplained4 жыл бұрын
Well, it's been real ladies and gents. Time to invest in canned beans and bunkers.
@MepsiPax4 жыл бұрын
Gold and silver bro get onto it
@bananalord84614 жыл бұрын
Can’t no money
@zawwin18464 жыл бұрын
Well invest in a good bidet so you are less likely to be impacted from TP crisis again. It also saves a lot money from using less TP. It’s also good for environment.
@k98killer4 жыл бұрын
You should always have your beans, bullets, bullion, and buddies organized in case of a crisis.
@sagara52934 жыл бұрын
And Bottle Caps as well
@hydraulichydra83634 жыл бұрын
> be government > borrow money > spend it > "LOOK THE GDP IS GOING UP YAY!!"
@mrleafbeef6344 жыл бұрын
Cut everything & place back gold standard. Limit gov, cut credit, money supply, create production (nationalize it)
@purplefire28344 жыл бұрын
"OOH LOOK THE NATIONAL DEBT IS GOING UP TOO"
@Tonyx.yt.4 жыл бұрын
The chinese way...
@jimbolimbo3694 жыл бұрын
They wanted to prevent a liquidity crisis.
@yuewang83363 жыл бұрын
@@Tonyx.yt. chinese government is lending money out. just see how much american nation debt they are holding in hand now....
@arpitaggarwal80564 жыл бұрын
Everyone: Flatten the curve USA: OK Everyone:(gasps) You flattened the wrong curve! USA: Oops
@Kirisame3124 жыл бұрын
Underrated comment
@Umamaahoe4 жыл бұрын
Europe gdp zone fell 40 percent
@andrewjacobson5564 жыл бұрын
I like curves!!😀
@truedarklander4 жыл бұрын
@@Umamaahoe Portugal fell 13%
@skydude2214 жыл бұрын
@@Umamaahoe Europe isn't a country
@duo4964 жыл бұрын
Economics of flattening the curve VERTICALLY
@blyat72764 жыл бұрын
@Egg T what does that mean?
@duo4964 жыл бұрын
@@zUJ7EjVD Japanese and Latin
@mikhael72214 жыл бұрын
@@zUJ7EjVD I'm on Korean and then I'll start Arabic later on
@unknowninfinium43534 жыл бұрын
@@duo496 I am learning french. Is Latin still spoken?
@duo4964 жыл бұрын
Nobody speaks latin natively,
@Food4thought12344 жыл бұрын
Have we tried unplugging and replugging the economy?
@becsterbrisbane62754 жыл бұрын
I think the reset is needing more of a Ctl+Alt+Del
@becsterbrisbane62754 жыл бұрын
@JHyun - gonna have to search outside Australia for that one.....lol
@chrono-glitchwaterlily87764 жыл бұрын
Just copy paste the code on a different computer. I'm sure the new antivirus created by the China Software can prevent the spread of the broken code of the US software
@perpotet46294 жыл бұрын
What about blowing the economy cartridge.
@Matthew-re9pb4 жыл бұрын
Thats actually whats going down The old order of things is passing away, and the new world order, the technocratic, transhumanist agenda is on the way...where the antichrist will be given power from every government on earth.
@michaelrexrode37594 жыл бұрын
The "Greatest Economy in History" turned out to have a giant glass jaw. How come corporations didn't have 6 months savings reserve like persons are supposed to have?
@ADobbin14 жыл бұрын
because they were discouraged from doing so by modern monetary theory. That theory says that having lots of cash on hand to say weather a sudden crisis is bad for the company and the economy. After all money sitting around isn't being used to grow the economy.
@malikcurriah2414 жыл бұрын
@@ADobbin1 which is true.
@II-re7vf4 жыл бұрын
Andrew Dobbin that’s not the problem it’s that the equity built from investments weren’t real. They played the stock market game instead of investing in real products and or people and this had nothing to show when their gravy train slowed
@II-re7vf4 жыл бұрын
El Bottoo bro u need to be way more articulate I agree with ur main point and it doesn’t refute mine. But your way of saying it is hella dumb bro
@technolung4 жыл бұрын
Cash is a depreciating asset
@paulomendoza56064 жыл бұрын
EE: Investing should be hard EToro ad spam in EE: Investing is easy
@MyName-tb9oz4 жыл бұрын
That is hilarious!
@jasondaveries97164 жыл бұрын
truuuue
@MarioC424 жыл бұрын
I just thought i was having some cognitive dissonance
@stephenconnell4 жыл бұрын
@@MarioC42 There is a vaccine for that.
@stefm.w.36404 жыл бұрын
huh so I'm not the only one getting these ads every single video
@blusham46294 жыл бұрын
Media: the world is f****d Me: shut up EE: we’re f****d Me: So it looks like the aztecs were dyslexic after all
@odiousfox3554 жыл бұрын
USA is not the world.
@SomethingSpecial.4 жыл бұрын
@@odiousfox355 A major economy like the u.s going down hill is going to have impacts on the entire planet. The same would go for China if their economy down turned on such a large scale. As to how big the impact is or will be, we'll have to see.
@Bonanzaking4 жыл бұрын
Odious Fox yeah but they have an outsized pull on the world. Not to mention like just a handful of countries they technically can end the world literally.
@henriquetraeselengelmann94194 жыл бұрын
We are NOT fucked, we are just GOING to be... 😅
@phil92654 жыл бұрын
@@odiousfox355 *Laughs in Mandarin*
@nate7LP_my_dog_found_the_knife4 жыл бұрын
Printer go brrrrrr. Invest into cardboard, the next real estate.
@fahmimansor4 жыл бұрын
They're quite up to date with the memes
@artman77804 жыл бұрын
Cardboard Hooverville (Trumpville) homes. The next trend. 😍🏚
@SangoProductions2134 жыл бұрын
I'd rather invest into glass and repair companies that service Democrat cities, as they'll be having a lot of work for themselves.
@rogermoore89774 жыл бұрын
Would Duct taping together two refrigerator boxes more like a duplex or a double wide? I have an idea to produce a TV program for HGTV flipping side sidewalk real estate.
@MasterYoshidino4 жыл бұрын
The one good thing about the video. BRRRRRRRR.
@TheKnif4 жыл бұрын
Before you enter the United States, a quick shout out to or national sponsor raid shadow legends
@radicallaruby4 жыл бұрын
Start now for free!
@102wingnut3 жыл бұрын
🤣😂🤣
@itepk05223 жыл бұрын
You mean shootout?
@maxpayne8923 жыл бұрын
isis: before we proceed on to the beheading we'd like to thank our sponsor raid shadow legends which has been the "new" rpg game for the last 9 years
@yonboybigbezang88083 жыл бұрын
this is why usa is collapsing. Look at this guy man
@HomersIlliad4 жыл бұрын
1929: Great Depression 2020: Depresso Grande
@elviscesar80214 жыл бұрын
fake news fake news fake news
@Myke6354 жыл бұрын
2021: Depression Ultimatum
@ExtremeComments94 жыл бұрын
Despacito
@vali694 жыл бұрын
Big sad
@gainlabs4 жыл бұрын
Depresso Grande with 🍨Cream.
@QuestionEverythingButWHY4 жыл бұрын
“After the game, the king and the pawn go into the same box.” - Italian Proverb
@MeetYourArchitect4 жыл бұрын
But the king is remembered, pawn isn't.
@nitishkumarjurel2414 жыл бұрын
What does this proverb means?
@statarofortress4 жыл бұрын
@@MeetYourArchitect who wants to be remembered by pawns? 😅
@kunkatakao4924 жыл бұрын
But the king got plenty of box when he was alive
@FamilyTeamGaming4 жыл бұрын
@@nitishkumarjurel241 everyone goes to the same place when they die. We're all equal in death.
@OK-ws7ti4 жыл бұрын
1930's: Great Depression 2020: Big Depresso
@Xanthopathy4 жыл бұрын
Big Sad*
@Mr9mann4 жыл бұрын
At least this one got wit behind it.
@jrod88074 жыл бұрын
Big Depresso Grande
@alldaybaby28524 жыл бұрын
Vinti
@cgchiang4 жыл бұрын
Great Desperation?
@bluemountain41814 жыл бұрын
2:01 "Children will live richer lives than their parents did" *Several Millennials and Gen Z are typing...*
@RobertGarcia-wv8vx4 жыл бұрын
...... while still living are their parents homes. Oh yeah, and their kids too.
@mossyourlocalbleachbottle20984 жыл бұрын
My guy we can only wish
@232Invoker4 жыл бұрын
@@RobertGarcia-wv8vx Weird how American pride themselves as parents by kicking their children out and hoping they would survive.
@williamhendrix20534 жыл бұрын
Millenials caused this bullcrap
@2712animefreak4 жыл бұрын
@Schnabel Same over here, for some poorer families the house itself is a family heirloom. Some people are to poor to buy a new house, some desire to stay with family and others that could buy a house simply have a mentality of "Why buy a new house when all you have to do is wait for grandpa to die and voila - free house".
@derpynerdy62944 жыл бұрын
America Prints money Weimar Republic: not so bad eh
@AsbestosMuffins4 жыл бұрын
"and children will live richer lives than their parents." *Laughs and then cries in Millenial*
@markhenley30974 жыл бұрын
I mean, in comparison to children from the 1930s (Greatest and Silent Generations), millennials and Gen Z are the luckiest generation in history. Just the fact that there are no food shortages or rationing is a massive improvement. Baby Boomers also had a good life although in the 1970s some countries had it hard (Gen X).
@vatu4 жыл бұрын
Well, my parents live in russia and I am in germany, so yeah, I kinda live richer then them lol
@olska94984 жыл бұрын
"just don't participate and stimulate the economy so much by buying coffee and haircuts, then you could afford buying a house with 30." - every baby boomer
@Bonanzaking4 жыл бұрын
Clive Bixby uhh you’d be surprised. I quit smoking cigarettes and daily coffee frappe and put that money into crypto. I’ve been doing it for 2 years. Might actually buy myself a house if I keep it up.
@GodwynDi4 жыл бұрын
@@Bonanzaking Turns out managing your finances works.
@Alex_FRD4 жыл бұрын
Guess the economy should have worn a mask.
@jamesgors66504 жыл бұрын
But iF I sHUt DowN My FiguRES WiLl shRiNK!
@marcusj11674 жыл бұрын
We should’ve cut off China
@keatingsutherland3924 жыл бұрын
James Gors ya how dare people care about keeping their businesses afloat. They are so selfish.
@seyamrahman10024 жыл бұрын
Marcus J No, you should have taken the virus seriously and not refuse to social distance because “iT’S mY cOnSTiTuTioNAl rIgHT tO Go tO tHE bEaCH”
@AMoistEggroll4 жыл бұрын
BuT mUh fReEdOm!!
@chuckmather15224 жыл бұрын
Wow, people still believe things will "get back to normal" as if there is no damage. Change is coming.
@lourdesvillegas8074 жыл бұрын
We will get back to normal eventually.We survived WW2 didn't we? The AIDS epedimic has no vaccine yet ,but we have therapeutics.WE will have herd immunity one day and maybe this COVID 19 will not be as deadly as it is today.People have a wake up call and hopefully will rethink their position and not rely too much on the government but will apply more efforts to be industrious and resilient.
@Bawdale4 жыл бұрын
@@lourdesvillegas807 Your government was printing trillions of dollars supporting the banks before covig19 came along. The USA has serious financial problems which it is covering up with money printing. If the money printing stops, interest rates will soar to around 12%. The USA can not live with 12% yet the money printing will undermine the dollar eventually. The USA is f----d. buy some gold/bitcoin/foreign assets.
@TheSkete4 жыл бұрын
@@lourdesvillegas807 - Comparing COVID to AIDS is laughable. There's only a few sure fire way to contract AIDS. THIS virus can just land on your skin. And there is a chance that social distancing, and mask wearing may be here PERMANENTLY. You should prepare yourself for that possibility.
@amols1014 жыл бұрын
What is the “change”?
@mustachecontroller10964 жыл бұрын
@lourdes villegas yes it will go back to normal eventually but for now you have to prepare the economic things aren’t gonna better quickly it will take a lot of time
@paunance10954 жыл бұрын
The US should start an OnlyFans Account
@furinick4 жыл бұрын
Put cia secrets in it lol
@KikogamerJ24 жыл бұрын
No one would donate except americans
@hamletprinceofdenmark58964 жыл бұрын
As much as I'd like to see the US's privates, they don't leave much to the imagination, so I'll pass
@Asf-bj4rw4 жыл бұрын
Hamlet Prince of Denmark Idk about you, but I bet she’s a thicc one
@conscioussubconsciousness19764 жыл бұрын
Yee, the world def would pay for those thicc Trump leaks.
@jordanmcelroy81674 жыл бұрын
EE: Explains every headline is exaggerated and it’s going to be okay Me: Ok we are saved! EE: For the last part of the good news... Me: Why are is there still 12 minutes of video time... EE: We are totally F*****D Me: ...
@Tupadre974 жыл бұрын
literally just read this comment as he said it
@feelinglikeaceowithqueenal80194 жыл бұрын
@@haridasyedage59yes to put it bluntly yes not only that but His only begotten Son is Jesus and He died a perfect dead so that we may be reconciled to God repent as the Kingdom of God is nearing closer and closer and soon it will be to late for you
@haridasyedage594 жыл бұрын
I'LL be happy if he hates me.
@TylerSpark7144 жыл бұрын
@@feelinglikeaceowithqueenal8019 Doubtful, claiming the existence of God is about as credible as claiming the existence of a unicorn. You can't prove they exist, nor can you disprove it, the only difference is that you automatically assume that one exists and the other doesn't.
@haridasyedage594 жыл бұрын
@@TylerSpark714 I totally agree with you👍👍.
@Zei334 жыл бұрын
Your videos have been so quality so consistently. Good work mate. It’s nice to see an Aussie out there doing something good.
@EconomicsExplained4 жыл бұрын
cheers mate :) hope you are staying safe in this crazy world right now.
@AwesomeHairo4 жыл бұрын
As oppose to other Aussies *cough* Margot Robbie *cough* Rebel Wilson
@phillharris31544 жыл бұрын
A fabulous series. Makes us Aussies Proud!
@bilinasmini34804 жыл бұрын
“How many times is it said investing should be easy” video goes to commercial spot that starts with “want to get money fast? Buy my fool proof plan to get rich with stocks!”
@kevinp1134 жыл бұрын
@Chatsworth Osborne, Jr. cool but no one asked
@TypicalFrogman4 жыл бұрын
It can't be that fast, but over-time you can make some good money from stocks if ya don't act stupid with trading randomly.
@juankgonzalez62304 жыл бұрын
Stonks only go up!
@hughjazz84164 жыл бұрын
Chatsworth Osborne, Jr. - Go all in on gold right now, sell everything you own and buy! You won’t regret it 😉📉 *sarcasm*
@michaelsmith49043 жыл бұрын
@Chatsworth Osborne, Jr. Why are you investing in the Bible if you aren't reading and following it? The Bible says *not* to invest in silver and gold! (Matthew 6:19-20)
@jim77714 жыл бұрын
2020: “TOP THIS GREAT DEPRESSION!”
@justinfreeman46144 жыл бұрын
I disliked your comment. Not because you're wrong, but because I wish you were.
@randomnamegbji4 жыл бұрын
2021:"Lol your depressions was only 'great'... Weak. Mine is gonna be LEGENDARY!"
@Mbewe_SM4 жыл бұрын
dame da ne.
@thek514234 жыл бұрын
“Its the end of the world as we know it “🎶 kzbin.info/www/bejne/o6SlgpWinsiAnZI
@tonykristhiofan11134 жыл бұрын
Ah, i still remember when people at 2019 new year were hype about 2020 because it's the new roaring twenties and i saw a meme about how the 1920's have a bunch of disaster and just laugh knowing it will never happen and here we are
@batatino88054 жыл бұрын
1928: Im the worst economic crisis ever 2020: You are a child
@lonewolf69974 жыл бұрын
😂😂😂😂😂
@haridasyedage594 жыл бұрын
kzbin.info/www/bejne/Z6K9m4N3bppgpqc
@RezaQin4 жыл бұрын
2020 is anywhere close to the crash of 1929, dummy.
@DefenestrateYourself4 жыл бұрын
Imagine saying this unironically. Try cracking open the Wikipedia page on the Great Depression, dingus
@QuestionEverythingButWHY4 жыл бұрын
“When we are no longer able to change a situation, we are challenged to change ourselves.” ― Viktor E. Frankl
@awadoy4 жыл бұрын
I literally see you in dozens of channel's comment sections
@pradhumnkanase83814 жыл бұрын
@@awadoy yeah I feel it is a comment bot.
@ilkyway58544 жыл бұрын
What would a bot achieve with such a quote? (Trying to understand the whole bot thing 😊)
@QuestionEverythingButWHY4 жыл бұрын
@@awadoy am I doing anything illegal here? haha
@QuestionEverythingButWHY4 жыл бұрын
@@pradhumnkanase8381 thanks for the compliment!
@denzelnicholson54234 жыл бұрын
I think this pandemic has taught people the importance of multiple streams of income unfortunately having a job doesn't mean security. So I really appreciate your transparency and giving people a fighting chance during these troubling times.
@krownscryptocave18094 жыл бұрын
After an initial demo account trading training, I now use a real trading account. I decided that the real account would make my training and experience far better. Therefore I deposited $5,200 into my first trading account. After 2 months of suffering and blowing up my account (almost 75%lost, I decided to join a professional advisory service) I started to earn some money
@krownscryptocave18094 жыл бұрын
As I'm writing this I had recovered my first deposit plus a decent profit on top of that.
@blindtobillionaire11154 жыл бұрын
Forex trading has really changed my life with the guidance of my portfolio manager
@blindtobillionaire11154 жыл бұрын
@Eamm michea I'll recommend Mr Robertson. he is a sincere broker that have been managing my acct and returning my profits as well since 2018 till now.
@jarrodgodfrey63214 жыл бұрын
Hey you're not far from making profits, when someone is straight forward and good at what he or she does people will always speak for them
@alcatrazz.6274 жыл бұрын
Jeff Bezos: Skewing the average household income across the entire US.
@trillmixin69994 жыл бұрын
which is why averages are always a bad measurement
@FizzyGajing4 жыл бұрын
@@trillmixin6999 wait what?
@c.emagnani96414 жыл бұрын
Wonder what it would be without it
@Soleilune19954 жыл бұрын
@@trillmixin6999 Yeah, average income is like 10 times higher than median. Because rich people have all the money.
@tomgraceffa44014 жыл бұрын
he and all of the American elite do by not paying Americans more cuz they import cheap labor through immigration
@elliotalderson67694 жыл бұрын
I stayed for the "Money printers go brrrrr" meme inserted into inflation graph charts. Thank you for making my day.
@snubdogjoe4 жыл бұрын
time to pull out my investments in dogecoin
@EconomicsExplained4 жыл бұрын
nah that is safe as any investment ever. 1 doge will always = 1 doge. Doesn't get more secure than that.
@thanos27034 жыл бұрын
Isnt dogecoin a joke currency
@boneappletee64164 жыл бұрын
@@thanos2703 Yeah, that's part of the point. Except it's still more valuable than some other cryptocurrencies, because the value people on the internet put into a joke.
@joshuathomas20124 жыл бұрын
@@thanos2703 r/woosh
@mrmeseeks87904 жыл бұрын
Hi Dogeee
@ronpearson19124 жыл бұрын
Income is up but job security is an all time low, people know that they need massive emergency fund. 6 months does not even begin to cut it.
@nelsonvictor503 жыл бұрын
The rich spend less and invest more
@brucekengood32283 жыл бұрын
Investing in these economic crisis will be one of the best thing to do.
@wtsap88503 жыл бұрын
Investing in these economic crisis will be one of the best thing to do.
@user-fh7qr9pi3h3 жыл бұрын
You're right I think Gold and Crypto are the best to invest right now☺️
@nelsonvictor503 жыл бұрын
Gold's are good but crypto is better
@joemoe9744 жыл бұрын
"This country has never seen anything like this before. It's tremendous." Yeah, you got that right. Tremendously bad.
@matheenarif86454 жыл бұрын
Depression.
@Light23K4 жыл бұрын
It’s breaking records all right. That’s what trump likes and care for is his rating and records.
@jutea98584 жыл бұрын
He likes to say “tremendous”.I will never use this word anymore.
@joemoe9744 жыл бұрын
@Flare LOL, seriously? Get real.
@FreeFromWar4 жыл бұрын
1929: The Great Depression 2008: The Great Recession 2020: The Great Transmission
@dimentio9164 жыл бұрын
Underrated
@nicksmith5344 жыл бұрын
what do you mean by transmission?
@koopanique4 жыл бұрын
@@nicksmith534 Transmission of the disease.
@apublic36194 жыл бұрын
@@koopanique Nop! transmission of Wealth
@koopanique4 жыл бұрын
@@apublic3619 From the rich to... themselves?
@americanhero86064 жыл бұрын
"Bro, just invest in real estate and you're golden" Henry George: Am I a joke to you?
@fatpotatoe60394 жыл бұрын
Underappreciated comment
@lukainteressado.32024 жыл бұрын
Buy Bitcoin
@americanhero86064 жыл бұрын
@@lukainteressado.3202 No.
@zombieat4 жыл бұрын
Lucas Galeto and silver.
@lukainteressado.32024 жыл бұрын
@@zombieat yes
@benjamindover26014 жыл бұрын
As long as the people have bread and games there won't be any large scale revolts. The food supply system collapses, that's when we get French revolution 2: Electric boogaloo.
@okisoba4 жыл бұрын
yup. processed food, social media, and on demand tv. that's what most people live off of.
@denoc724 жыл бұрын
My opinion is kzbin.info/www/bejne/Y6XZgIuVm5p8jdk
@MariaMartinez-researcher4 жыл бұрын
There was plenty of bread and circus in Chile in October 2019. Still...
@benjamindover26014 жыл бұрын
@@MariaMartinez-researcher I meant the world wide food supply system. Say we enter a climate down turn, or a major war in fertile countries etc.
@KaiserMattTygore9274 жыл бұрын
Yup, and millions are about to lose their homes, so those creature comforts are going to fall by the wayside.
@kaen_tqk39184 жыл бұрын
I guess it's time to invest in bottlecaps.
@rexsss4 жыл бұрын
Haha 👍
@sureokk4 жыл бұрын
Bottle caps originally represented water, so they were backed by something. In Fallout 2 caps were worthless because they were making actual money. I have no idea why Bethesda brought them back
@MarcosAlexandre-no3qx4 жыл бұрын
@@sureokk well the Hub is still a large economic place to the wasteland even by the time of Fallout 3 so to caps lose it's value would be hard. Second in nv the ncr money had Lost most of it's value for some reason and then caps came back with water value and third because it's easier to make one monetary system in game then making 3 or 4
@manictiger4 жыл бұрын
Stockpile railroad spikes. Thank me later.
@noonadoona87364 жыл бұрын
You are forgetting the value of land mines and nuke coal quantum futures.
@bartoszkosmowski71494 жыл бұрын
Holy growth empire was never holy nor growth nor the empire.
@TheFred100004 жыл бұрын
Leeel
@thestatistician60764 жыл бұрын
I see what you did there lol
@markhenley30974 жыл бұрын
@@georgejoseph3726 Referring the Holy Roman Empire, which was a complex Empire existing in modern day Germany/Italy, and dubbed ''Not Holy, not Roman and not an Empire,'' by Voltaire, due to political turmoil in it. It wasn't ''Holy'' because it tolerated heretics (Protestants, Calvinists), it wasn't ''Roman'' since it had no relation to the Roman Empire, and it wasn't an ''Empire'' since the Imperial Throne was an elected title. Although I'd say it was an Empire.
@MrKogline4 жыл бұрын
Maybe the Chinese will invade and be our Napoleon.
@bartoszkosmowski71494 жыл бұрын
@@MrKogline hopefully not, I made a bet that it will be Canada and I realy want to win this bet
@guru47pi4 жыл бұрын
He said average household income went up; I wonder how median household income fared. I suspect most of the increase is the stock market increase and stimulus money, which are both temporary, and the former goes almost entirely to the wealthy and those employed and with 401(k)'s.
@kiruschka1234 жыл бұрын
In 2020? Yeah sure, if you eliminate a big portion of bad paying service jobs, you will end up with a higher median or average income. That is all to the story tbh
@OlJackBurton4 жыл бұрын
The American "economy" added over $5 trillion in welfare, such as $600 a week extra for the vast majority of low income unemployed workers, while many employed low income workers received hazard pay, and almost all employed and unemployed workers received a $1,200 "bonus". Add very low or no interest "loans", such as the PPP and the corporate slush fund, as well as the complete artificial propping of the stock market and there's no surprise at all that "average" and median incomes went up. Sure not all unemployed workers were made whole, such as higher income workers or those making over or well over $4k a month, or those that were illegal and unable to receive benefits, but the vast majority of those unemployed were lower income workers and the large majority of the US in general is lower income workers. 70% of workers make less than $50k a year and over 40% of workers, the majority of them women, make less than $25k a year. So the extra $600 lifted tens of millions or workers one to three classes (quintiles) of income higher...
@camerontaylor74714 жыл бұрын
Or they could just be lying... lol no one is able to even confirm the credibility of the numbers/info ... we all just accept it as fact when they add GDP and all the fancy terminology...
@SexycuteStudios4 жыл бұрын
"Incomes actually increased" Over 30% of Americans can't pay their mortgage or rent right now. Let's just ignore that?
@ASTRA15644 жыл бұрын
I love when fuckers point to the stock market as an indicator of how america's doing, when most citizens don't own anything in stocks and as you just pointed out, if half the country can't pay for houses that means they can't spend money and the economy will be wrecked, because the rich need the poor to buy there item's or no wealth is generated.
@paulfrank90474 жыл бұрын
According to Gallup, 55% of Americans own some interest in the stock market. Many retirement plans like 401Ks or pensions include financial groups who use the money working people put into it each month to invest in their behalf. That’s the only way significant money can be made without workers directly planning their investments. Otherwise, the only other way is for you to put your money in a savings account in a bank, where the interest rate is 1-2% (which usually barely if at all keeps up with annual inflation which is usually a similar percentage). Also the bank can only meet these interest rate requirements by using customers’ money for investments which often includes stocks. So while many Americans don’t directly choose stocks to invest in, their retirement accounts either grow or contract based upon the investment choices of financial institutions that oversee the plans.
@WilliamMohamad-uv5fi4 жыл бұрын
@@paulfrank9047 that's a wildly misleading statistic considering 90% of stocks are owned by 10% of the population
@lizadey53474 жыл бұрын
Basically the people making money off stocks are getting money for nothing. They should get a proper job.
@juansnyder62294 жыл бұрын
It requires money to make money. this is the best secret I have ever discovered we don't make money, we EARn and MULTIPLY money
@biscuit47054 жыл бұрын
u know he is being serious when he is not playing music
@freddy68374 жыл бұрын
Lol
@2555Edu4 жыл бұрын
the ideal scenario would be a focus on small/medium enterprises like they did in Germany, those are the backbone of any national economy, the little coffee shop, the little mechanical workshop, the small local market. Big companies like Amazon, Apple, Google will never generate the amount of jobs that the local small enterprises will, those companies provide tools of innovation, but in the end they'll not employ as many people as a bunch of little enterprises
@Schimml0rd4 жыл бұрын
The difference is, Amazon, apple etc have enough money to bribe the government into funding them, unlike the small ones ^^
@patnor73544 жыл бұрын
Or the same amount of taxes or freedom...
@justinmartinez674 жыл бұрын
@t-dot Money and politics are the perfect mix of poison in America. Unfortunately, our best efforts to unite against it are not successful. Whether its oppression, racism, partisanship or anything else, it is far easier for those still reaping rewards to divide the masses of those hurting.
@b48045144 жыл бұрын
@t-dot Sad isn't it - that the US wastes so much on something they can't ever get right
@emilianobarrios13884 жыл бұрын
t-dot tell that to the military industrial complex
@andriizahorulko72634 жыл бұрын
Me: I think everything is going to get better from now on. EE: We are f*cked. Me: Oh for f*ck sake.
@InspiredxxFamily4 жыл бұрын
The Ppl that think everything will just “go back to normal” are going to be unprepared for the perilous times ahead
@insertname70324 жыл бұрын
Indeed ! We are gonna dance like never before !
@Hotboytrue4 жыл бұрын
If it wont go back to normal what will it turn into.
@rickb064 жыл бұрын
@Heschewingonit Yessir. You nailed it! The boogaloo is inbound, and this time we are fighting for our right to live and be free, and the enemy is fighting to rule over us. I'm itching to mag dump (freedom) in the face of Marxists and other evil bastards.
@NoelRojo4 жыл бұрын
@@rickb06 haha, look at this cyber warrior.
@KaiserMattTygore9274 жыл бұрын
@big pompano Exactly, "normal" is NEVER coming back, we've entered a new era, for better or for worse.
@AltSimplified4 жыл бұрын
Some would say that it's 2/3rds full...
@JollyOldCanuck4 жыл бұрын
The US is the world's biggest customer, if US consumers stop buying businesses all over the world would suffer. We're looking at a Second Great Depression at worst or a Second Great Recession at best.
@01codblackops4 жыл бұрын
@@JollyOldCanuck this is not the second of anything it is a million times worse than 1929 the world recession or depression does not cut it you should call it economic ANNIHILATION
@nathangale77024 жыл бұрын
Absurd optimism always gives me a smile, thanks.
@giovannidueck90944 жыл бұрын
Actually it’s -1/3rd full
@Explosivefox1094 жыл бұрын
Underrated comment.
@GIboy19904 жыл бұрын
I'm most concerned about the inflation to make up for the trillions of spending
@jamesrichey4 жыл бұрын
The billionaires will absorb the cost through the stock market since all of it is just numbers on computer nowadays. They will do so in order to maintain dominance over the working population who sever them, and pass the austerity on to us.
@kimobrien.4 жыл бұрын
@@jamesrichey I'm not sure what your saying? How do the billionaires absorb this through the stock market? Why does that give them dominance? Them instituting austrarity that I understand. They will try to make the unemployed pay for their crisis along with those that still have a job. They'll start cutting the UI benefits saying without doing so the unemployed won't return to work and for those who have jobs they will be telling us at work that there are others that can do your job better so shut up and keep working. .
@kimobrien.4 жыл бұрын
@Sally Hillal The government goes into debt so wealthy US Treasury bond holders can be paid future tax money. That scam has being going on since Alexander Hamilton. Instead of taxing the rich the rich invest in government and go home with a tidy government guaranteed profit paid for with tax money.
@kimobrien.4 жыл бұрын
@Sally Hillal The top income people in government are government managers not unionized workers. Cops, prison guards and "justice system" employees are NOT workers.
@nygeriunprence4 жыл бұрын
You're a clown. You should be worried that they are bailing out the top markets and not the people.
@sonodo5114 жыл бұрын
The term "Investment" in GDP does not mean purchases of financial products, but rather purchase of new equipment or building a new factory etc. People might not be sitting on a pile of cash, they could've already used it for financial products. This would explain the recent rally regardless of the economy not performing well.
@andriyshevchenko66894 жыл бұрын
Indeed I think we’re kind of past the time when “everybody has piles of cash”. That cash has gone into bonds (which are now all in negative real yield), Apple, Amazon, the stock market in general, gold, silver, houses, crypto, foreign stocks etc etc. And when the cash fully runs out, that’s when that wealth will be absolutely destroyed in what is probably one of the largest asset bubbles in history. Which is now sitting thanks to Covid on the flimsiest of economies. It’s... really bad. And if cash keeps coming in, well, then the dollar will just plummet so much that assets might as well have crashed 50%. Don’t think that’s going to happen though, the fed is not so stupid to completely kill the dollar in its attempts to cancel gravity.
@SurmaSampo4 жыл бұрын
But in the USA especially the majority of capital investment occurs via asset leases, mortgages, equity finance and venture capital which are all investment products. There is no way to directly measure capital investment especially in service industries so indirect measures are needed.
@geraldg3504 жыл бұрын
@@andriyshevchenko6689 The fed is just a central bank there is really no force or incentive preventing the fed from printing the U.S dollar to oblivion. The print record currency and lower rates to zero today but they are going to stop printing and raise rates in the future when the whole system is more levered up? makes no sense, history shows the printing usually stops when the currency has already been destroyed. This will not happen overnight because of the dollar's reserve status but this is easily the biggest bubble in history nothing comes close.
@willwright33584 жыл бұрын
@VobisPacem I heard Jim Cramer say that it is a transferance of money from the middle class businesses, which closed due to covid, to the publicly traded companies which remained open.
@CptTexas14 жыл бұрын
"Wages have gone up!" Either because people are making more on unemployment and/or the government doesn't include unemployed people.
@FastlaneProductions14 жыл бұрын
Half the population works from home. Those people have grown their work opportunities by cutting out commutes. I think that might be a factor
@mathiasfenger-eriksen33624 жыл бұрын
No, its because people in low income jobs in the manufacturing and services sectors have been disproportionally been laid off as opposed to higher income jobs, driving the overall median income for workers still employed up.
@FastlaneProductions14 жыл бұрын
@@mathiasfenger-eriksen3362 two things can be true at once
@endme66584 жыл бұрын
Yea the "average" household is a bad statistic. To better understand you should almost always use medians, because it let's you know where the middle is. Averages are extremely bad for measuring this sort of thing and are almost always misleading.
@MrNeilSherman4 жыл бұрын
@@endme6658 Thank you! The Average has become treated as a magic statistic, 'just derive that and we're done, all we need to know'
@altonparker43284 жыл бұрын
"Last bit of good news..." *12 minutes remaining* Me: Oh boy...
@JohnJohn-jq7cd4 жыл бұрын
lol...
@JoeVirella4 жыл бұрын
Lol’ed at the “let me tell you why were all f**cked” then cried 😆 😭
@tonechild59294 жыл бұрын
Hello Comments, I've noticed some misconceptions. First: a lot of people thinking GDP fell 33% (It didn't, that would be insane). Second: GDP Growth fell 33% (It didn't, it fell by 9%) The Annual GDP Growth is projected to fall by 33% - There I fixed it.
@dylangoddard74494 жыл бұрын
That's still awful!
@gregparrott4 жыл бұрын
The video specifically stated what you repeated here. (That the 33% is an annualized figure)
@attemptedpolymath96604 жыл бұрын
Someone didn't watch the whole video. Awkward.
@yuuhaa4 жыл бұрын
No it wasn’t GDP growth that fell, it was GDP. Of course the actual annual GDP decrease won’t be as bad as it will bounce back during the latter part of the year, but annual GDP will still decrease, it will not grow in 2020.
@tonechild59294 жыл бұрын
@@attemptedpolymath9660 I watched the entire video, there were comments all over the place stating these misconceptions. As I said, I am addressing misconceptions in the comments, NOT the video (if you can clearly read my first comment, ackward!!!)
@pnnedbyRabbiSimonJacobson4 жыл бұрын
“The moment you make passive income and portfolio income a part of your life, your life will change. Those words will become flesh. Often, the more money you make the more money you spend; that’s why more money doesn’t make you rich - assets make you rich....
@cryptocapitalventure60964 жыл бұрын
I want to know if bitcoin trading is really worth it. I have been watching videos but couldn't make it but recently i see people make a lot from it
@thinkmedia57054 жыл бұрын
I am interested and willing to invest heavily in bitcoin. All ma homies be telling me that they are making money through bitcoin trading and investment
@user-vs5nw5bu1o4 жыл бұрын
@Mark Hopper Is there a Way i can contact Mrs Taylor? . I really have been looking a chance to invest in bitcoin
@raphizz3384 жыл бұрын
@@cryptocapitalventure6096 don't listen to those fake comments/bots that promote an asset manager for bitcoin or anything else really. You should try to learn about the stock market/crypto market and how it works before investing and then chose your investments wisely
@michaelcarper21854 жыл бұрын
What if you don't have any extra money to help turn into passive income? What should you do then?
@Tenchinu4 жыл бұрын
“... for some, it might going out and getting a job. But for the MAJORITY of you, ill mean vacations and parties.” *Stares in ‘some of you’*
@anhvuphan57274 жыл бұрын
**laughs in staying at home alone because nothing's changed for us introverts, and we don't have the money to do such things anyway** **slowly transitions to crying**
@AdhikJoshi4 жыл бұрын
Last time i was this early, rates were above zero
@CaptinJangles4 жыл бұрын
The best thing that could come out of this is the death of the unsustainable philosophy we've been operating on since the 80s. Let's be honest, most of the "growth" of the past decade has been built on shaky ground through tax cuts and irresponsible fiscal policy to bolster the markets and make it look like everything was getting better. Sometimes something has to fail catastrophically before people realize it was a flawed design from the get go. I can only hope whatever emerges makes more sense than what we had.
@staceymith4 жыл бұрын
If the economy grows to the tune of trillions and trillions in debt and unfunded liabilities, did it really grow at all? People like to claim that Russia is a poor country , compared to U.S. but if you look at Debt to GDP, then you realize U.S. is not so rich , and Russia is not so poor.
@werewolf43584 жыл бұрын
Socialism, god willing.
@visoriannull8324 жыл бұрын
@@werewolf4358 Mao come back pls
@fireandworms4 жыл бұрын
Don't forget immigration of low-skill workers, that is proven to increase GDP while stagnating or lowering wages for workers similar to the immigrants.
@dessmith13874 жыл бұрын
Don't forget, keep on voting for more of the same. Be seeing you !
@triadwarfare4 жыл бұрын
EE: Investors have too much money in their hands Investors: That would be easy to get rid of. We'll put it to "Star Citizen".
@IllusionistsBane4 жыл бұрын
Even that's already on shaky grounds. I mean... a roadmap to make a freaking roadmap?!
@Ian-vb8hp4 жыл бұрын
@@IllusionistsBane Developin' ain't easy
@shaftoe1954 жыл бұрын
And then Star Citizen be like: _"I need more!"_
@a4ther4 жыл бұрын
Really good point at the end with the FIRE movement. Would love to watch a video of how FIRE affects an individual’s and the overall economy.
@ThomasBomb454 жыл бұрын
Is it possible for an economy to function if a significant portion of its citizens pursued FIRE? Well, first we want to consider two types of FIRE: 1) FI (Financial Indepencence) 2) RE (Retire Early) Some people (FI) just want the security that comes with not *needing* to work to fund their life, but once there may continue on working as normal. However, others want to RE and literally stop working, and instead pick up a hobby that doesn't have to pay for itself. FI doesn't sound like it would hurt an economy, as individuals would continue contributing to the economy. It might even make certain parts of the economy more resilient as people have more individual stability, who knows. On the other hand, can the entire workforce retire early? That would make the workforce considerably smaller, and younger. Can the entire economy be on the backs of people under 50/40/30 and still meet everyone's wants and needs? The other factor to consider, is that FIRE is not just increasing saving, but decreasing spending. If people are buying fewer luxuries than they used to, maybe we *can* decrease the workforce and still have a functioning economy
@nuvisionprinting4 жыл бұрын
Look for Michael Hudson! He seems to be one of the experts on this.
@FeralAkamaru4 жыл бұрын
@@ThomasBomb45 Although I'm personally pursuing FIRE, I don't think we'd ever see a reality where a majority of people will diligently save & invest their money. FI doesn't sound like it would hurt an economy but I'd say most of the workforce in company's who make up those index tracking ETF's wouldn't be there if they were FI. If no one wants to do the grunt work, then that 7% p.a long term return won't happen.
@8calcifer4 жыл бұрын
I really wanna know if he's on r/FIRE to be honest. Also, should we conflate FIRE with passive investing? Part of me says yes, because for most people thats what that means.
@ThomasBomb454 жыл бұрын
His criticism of passive index funds was odd, for sure. There is no evidence that passive index funds are bad for stock price discovery. Even if a majority of shares were held in passive funds, a majority of *trades* will inevitably be made by active managers. If passive funds ever did create a pricing error, active managers would make money by capitalizing on it
@petergeramin71954 жыл бұрын
1928: The Great Drepression 2020: The Best Depression
@JeanLucCaptain4 жыл бұрын
Rome burned while Trump built a useless wall. US GRAVESTONE.
@kevintran81274 жыл бұрын
Jean-Luc Martel Trump before coronavirus gave the US so many jobs and boosted the economy tremendously. You just wanna say “orange man bad” because that’s the trend of the internet.
@akli34814 жыл бұрын
It never got better after the 2008 bailout. EPIC failure of the system for the people
@cbalan7774 жыл бұрын
Makes you wonder why. Who benefited from things not getting better.
@dennismitchell52764 жыл бұрын
@@cbalan777 Bankers
@cbalan7774 жыл бұрын
@@dennismitchell5276 Makes sense. I suppose we can only guess how much they made off of the whole thing.
@christodang4 жыл бұрын
"Average household income has increased since the beginning of 2020". I'd be interested in seeing the median and exploring this data point a bit more because it DOES indeed seem to contradict a lot of what we're seeing in terms of both unemployment numbers and generally a lot of anecdotal stories of people losing their jobs. Is the average higher because billionaires are propping it up (I remember reading that during covid-19, the world's richest billionaires increased in value)? Or is it because the stimulus packages were actually more than some people who were working part-time? It's not that I don't believe it, but I feel not enough time was spent on this (especially since you mentioned it's both strange and unexpected) given how much individual incomes are usually how people "live" through a recession.
@Subjagator4 жыл бұрын
Depends on how they are measuring it. If income is only measured if it is coming strictly from jobs then losing lots of lower paid jobs while the middle and higher paid jobs are shifted to a work-from-home stance but retaining their income then average income would rise. But if you include the reduced income for the now unemployed people then yes, it should be going down.
@iTuber0124 жыл бұрын
@@Subjagator extra $600 checks for unemployed
@lankonthungezung93604 жыл бұрын
Chutiya
@trillmixin69994 жыл бұрын
averages are a pretty poor way of looking at economics.
@AlanDeAnda14 жыл бұрын
Above the fact of the electoral intentions of all Trump's cash aids, and the artificial pumping of the stock markets -and big boys wallets-, what is really worrying is the total distortion of economic incentives, from financial to labor markets. So, yes, USA is esentially collapsing.
@lightyagami10584 жыл бұрын
Lol people are acting like it's the end of the world while they lie safely in their beds watching KZbin videos.
@andrasbiro30074 жыл бұрын
Well, if the world has to end, that's the way I'd like it to go.
@lightyagami10584 жыл бұрын
@@andrasbiro3007 Rather it be more instant than watch it happen slowly.
@FM-tn5pk4 жыл бұрын
Yeah it is not so dramatic. Numbers don't tell the fact that people haven't lost, the economy was just hold back
@MishaFlower4 жыл бұрын
history is a serious of short and irrelevant events leading up to major crises. It's the classic proverb, The end of the universe won't be a bang but a whimper.
@djinn6664 жыл бұрын
They won't be doing that for long after the stimulus money runs out, which it just did a few days ago.
@SuperSlimshady3604 жыл бұрын
The US couldn't realistically be the only country with a major GDP drop right?
@SpencerGD3 жыл бұрын
Renting a car is now like $1,000 week, stocks are massively inflated, and prices are rising due to excessive spending/pent up demand & lack of available workers. This guy's prediction pretty much nailed it. Well done, Economics Explained.
@patrickbaker70144 жыл бұрын
A video on the future of the Decennial recessions would be interesting, because right now it just seems like we're bound to fall into the same trap every 10 years
@MrCrosby.s_lunch4 жыл бұрын
@elijah mikle it' s not properly a feauture of capitalism, you could find booms and busts in the feudal age as well, due to reductions of the agricultural output
@Elementalism4 жыл бұрын
@elijah mikle it is the cycle of govt planned monetary policy. Capitalism would survive without it. We have more or less had low interest rates from the fed since bill Clinton. 25 years and counting. Over time that malinvestment bubble from cheap money implodes into a recession. This one as the video noted is structural. Govt closing down the services industry and closing off international trade are driving this disaster.
@basspig4 жыл бұрын
We never had capitalism in the us.
@MrCrosby.s_lunch4 жыл бұрын
@Иван Петрович Indeed you' re right
@MishaFlower4 жыл бұрын
@elijah mikle It's not, Boom and bust and futures of every economic system, Ever, No matter how perfect, A disease could strike the crops and you would have a recession tommorow, A civil war could happen in an exporter country and you would have shortages, No economic system is free from external forces.
@artmaknev37384 жыл бұрын
Household income increased because nobody is paying their student loans now.
@devoncripsy7114 жыл бұрын
LOL. At least I'm not alone.
@Gilberto904 жыл бұрын
Doesn't matter if you go bankrupt; you'll still owe it thanks to Biden.
@heyhoe1684 жыл бұрын
@M Bryant I thought we speak about NET household income.
@dmitrizaslavski84803 жыл бұрын
@Houssain Al ahmafi How did you like Biden's bombing in Syria? Trump at least tried to reanimate USA economy.
@TrampMachine4 жыл бұрын
"Children will experience richer lives than their parents did" *Laughs in millennial*
@lostastronaut36324 жыл бұрын
Cries in gen z
@Tupadre974 жыл бұрын
Me: *laughs in ok boomer*
@bigredwolf64 жыл бұрын
*laughs in hard work*
@fatpotatoe60394 жыл бұрын
@@bigredwolf6 Good one
@AleXcsGaming4 жыл бұрын
millenials and gen z sacrificed their lives, but at least gen alpha will life wonderful lives that we can only dream of!
@richieconstant98373 жыл бұрын
The sudden restoration of this country really amazed me a lot tbh
@ethanrom90253 жыл бұрын
Just can't stop wondering how the economy grew so fast in a short time
@sophiaerics24943 жыл бұрын
Nothing improves a nations economy more than understanding how the cash flow quadrant works
@jimmyvooks80433 жыл бұрын
How exactly do you mean by understanding how the cash flow quadrant works?
@jessicaallen66703 жыл бұрын
Coming to realize you can't actually be dependent in these govt job, but you rather get your self a reliable source of income
@lukaswalter76713 жыл бұрын
I applauded their courage of not being dependent on govt jobs
@SaxItOut4 жыл бұрын
The “YUGE” Depression
@berrybear24654 жыл бұрын
Bigly.
@Yvaelle4 жыл бұрын
The Greatest Depression
@halohaalo25834 жыл бұрын
@@RectalBisque without those "shutdowns" you would have had even more cases and even more economic loss and loss of life. But I guess simple math is pretty difficult for people who think masks are political
@Kurvaux4 жыл бұрын
Rectal Bisque If the republican governors waited just one more month before reopening then we would’ve gotten over this problem in June.
@MP-ei4kd4 жыл бұрын
The BEST depression folks.
@dereksalas81954 жыл бұрын
"Institutions and individuals will buy into mediocre investments because they have to. They have too much cash at their disposal, and they don't want to hold on to it due to fears of inflation." Welcome, the rise and popularity of owning physical precious metals.
@captaindiego2284 жыл бұрын
The gold standard
@AleXcsGaming4 жыл бұрын
more people buying into metals will still mean a growth and a recession. if you buy now you're probably good. but yet again if manufacturing is slowing down what's going to give these metals any value?
@captaindiego2284 жыл бұрын
Alexandru Popescu hmm true
@donHooligan4 жыл бұрын
you can't eat metal
@captaindiego2284 жыл бұрын
donHooligan you can’t eat plastic either😂🤦🏻♂️
@mrtek80954 жыл бұрын
The toilet paper industry is doing well
@khumothage46294 жыл бұрын
Considering that we are in a lot of sh....
@williamoneswhannell10604 жыл бұрын
And the gun market
@mrtek80954 жыл бұрын
@@williamoneswhannell1060 And bullets
@zyan9834 жыл бұрын
@@williamoneswhannell1060Nah that's declining. It's all about the toilet paper.
@fatetestarossa27744 жыл бұрын
@@zyan983 I disagree : )))))))))))))))))))))))))))))))
@tribequest94 жыл бұрын
House remodeling is already at an all time high, I guess being stuck in your house more really does make you care.
@user-gm3rp4fp4g4 жыл бұрын
1929: I am so GREAT 2020: looks down - u sure?
@sterasigma87344 жыл бұрын
So the Americans started spending less? Never thought I would see this day.
@JBereza4 жыл бұрын
Do you mean in nominal terms or do you mean that as a percentage of their income?
@unitedglobalgaming22434 жыл бұрын
laughs in 300 dollar chair, 190 dollar controller, and 1300 dollar tv.
@waffles97714 жыл бұрын
@@unitedglobalgaming2243 cute, thats cute
@andreizav70404 жыл бұрын
The did not.. the rest of the world is still bankrolling them, just as for the past couple of decades 🤷♂️
@Ableten4 жыл бұрын
Yeah I know it’s almost as if citizens not buying products and economic prosperity are inversely correlated.
@whisper38564 жыл бұрын
People: How’s your life going? My life:
@HomersIlliad4 жыл бұрын
Considering how often you talk about economics, I know one good sector for us to invest in: the stock footage industry.
@sourojyotidas45024 жыл бұрын
Been binge watching your videos for the past few days. You guys are doing a fantastic job. Keep it up.
Well, there are a few reasons for this. 1. The stock market dropped so far in March that a lot of its recent "growth" is just catching back up to where it was in February. 2. The stock market is fueled by expectations, not results. It's been going up because a lot of investors are hoping that as lockdowns end, the economy will recover. If this doesn't happen, the stock market will probably stall or drop again. 3. The stock market only measures publicly traded companies, usually giant corporations. Many of these businesses, like Netflix and Amazon, do a lot of business online. People staying home and retailers closing means more online shopping. 3. A lot of people actually made more money off unemployment benefits than they did their regular jobs. Also, a lot of people claiming unemployment were furloughed, not laid off. This means lots of people with more money than usual who expect to return to their regular job rather than spend weeks/months searching for a new one. This means a lot of people are not feeling the full effects of the economic downturn and may not be curbing their spending habits accordingly.
@vkray4 жыл бұрын
Same in India lol. Muskesh Ambani wealth was 21 billions of dollars 3 years back. Now, 77 billions of dollar. God save from this morons.
@kobemop4 жыл бұрын
the economy benefits from people having less jobs
@TheHighBreadGuy4 жыл бұрын
kobe mop heo
@noahoxley64 жыл бұрын
It didn’t lose 33% of its value, it lost 33% of its output. Which could actually be more than 33% of its value
@noahoxley64 жыл бұрын
Hakim Habib that is QoQ so it still decreased 33% from the same quarter last year
@jd-uz1ln4 жыл бұрын
@@noahoxley6 no it didn't, Hakim is right.
@nickg18954 жыл бұрын
Yeah but its only the value of one of four quarters so a possible 8-9% value loss.
@noahoxley64 жыл бұрын
Nick G correct, QoQ loss of 33%
@noahoxley64 жыл бұрын
Hakim Habib Yes, I never said it was annualized.
@KateeAngel4 жыл бұрын
The idea that GDP and economy in general should always grow endlessly, is suicidal for humankind. It will lead us to overshoot-collapse trajectory. The system should be changed in order not to rely on the "endless growth" strategy anymore
@p.g.60884 жыл бұрын
What we need to change isn't the system, but our own lifestyle and the way we value things. For example, if we start seeing Ferraris as big pollution machines instead of being desirable luxury items, then their value will drop and no one will want to buy them anymore. If we see smaller eco-friendly houses/apartments as being attractive instead of huge 4 floor mansions, then no more huge mansions will be built because no one will want to buy them. We are the cause of pollution with all our overconsumption.
@phillipphil16154 жыл бұрын
Kate s .. agree 100% ;)
@seifira66734 жыл бұрын
@@arvedludwig3584 I agree with you a 100% what goes up eventually has to go down you can't have an economy based on growth only. Stability should be the principal objective to an economy
@stwopid2 жыл бұрын
@@p.g.6088 But your avarage Ferrari that gets driven 100miles a year, emits less greenhouse gases than a small a small Toyota Yaris that does 100k miles
@p.g.60882 жыл бұрын
@@stwopid Are you seriously not understanding that I was giving an example? For the same distance, Ferraris consume 3-5 times more fuel than regular cars. And most Ferraris are driven more than 100 miles per year, your example is litterally stupid.
@chloevitagliano95654 жыл бұрын
Thumbnail: the end of an empire? Every nation's golden age will end, no one will escape.
@tohyongsheng34064 жыл бұрын
Now is time for china's golden age! China number ONE!!
@angelh83674 жыл бұрын
"the rise of the first order"
@yashkhare24 жыл бұрын
@@tohyongsheng3406 (X) Doubt
@WahyuSetiawan-sz4lc4 жыл бұрын
British empire isn't falling either, it just become just another country
@lankonthungezung93604 жыл бұрын
Chutiya
@zyfigamer4 жыл бұрын
Thanks to automation, there will come a time when most income is not earned at all. The fair distribution of labor-less productivity is the most important issue for the remainder of this century.
@aygwm4 жыл бұрын
Not everything can be automated. But most repetitive labor is likely to be at some point
@idirhhrin88764 жыл бұрын
Stfu lol
@evanw21954 жыл бұрын
You always need an electrician to work on the equipment
@bigredwolf64 жыл бұрын
Иван Петрович Or we could bring our manufacturing back from China, and go back to making less, but high quality items. Capitalism ain’t the problem. It’s consumerism and corporatism. There’s no need for a mom and pop diner to be a democratic coop. There’s no need for Home Depot to be a Democratic coop, since people are just going to vote to give them higher wages, regardless of the long term effects. Like with the $15 an hour minimum.
@bigredwolf64 жыл бұрын
Иван Петрович Fair point. Hadn’t thought of it that way
@08lukin4 жыл бұрын
The "I'm part of a movememt that's bad for the economy" line really surprised me. I mean, I knew it already, that's why I see the videos, I just didn't expect such high dose of reality.
@bobabola13864 жыл бұрын
This is my second once in a lifetime economic collapse 😎👍
@jaronlunau11984 жыл бұрын
"Once the crisis has ended the figures should go back to normal." Ah yes when in one year we will have enough vaccines for most of the population it will go back to normal. Great but we just got half a year behind us and im not sure how things are going to look like in another half year and as you pointed out even when we get out we still have other problems. Furthermore these Problems are also affecting other countries not only because global trade and investments but also because the Dollar is a world reserve currency and if the USA has a high inflation that will hit all countries that have them for safety or other things. Please take my opinion on the situation with a pinch salt since im not an economist. Thanks
@tonyt82714 жыл бұрын
hahahhaha vacines xD... don't think it'll be that easy...
@isexuallyidentifyasanapach47204 жыл бұрын
we already have a cure for Coronavirus. It's called hydroxychloroquine
@WillToWinvlog4 жыл бұрын
Forget the vaccines, open America! This case of the flu has affected our minds worse than our bodies.
@legodude199994 жыл бұрын
@@isexuallyidentifyasanapach4720 You are insane, look at your unreliable sources.
it also highlights how important the "services segment" of most western economies has become. Covid 19 has well and truly thrown the spanner in the US services sector.
@TheGuruStud4 жыл бұрын
All in the plan for billionaires. Consolidate businesses, reduce labor, reduce pay, reduce benefits, profit.
@immaculatesquid4 жыл бұрын
TheGuruStud Great that we have also given up all legislative power over all 50 states to judges and the president and executive agencies. not that legislature thing that literally means "law-makers".
@lus45824 жыл бұрын
1929: The great depression 2020: The great suicide
@Matthew-re9pb4 жыл бұрын
The great starvation
@lus45824 жыл бұрын
@@Matthew-re9pb Self-starvation
@lus45824 жыл бұрын
@Austin Martín Hernández The countries, not the people
@masterpuni73714 жыл бұрын
@Austin Martín Hernández they literally starved the economy by lockdown.
@lus45824 жыл бұрын
@@n.m.8802 if the economy dies, people will die, but i'm not against quarantine, we have no option.
@DarkArtistKaiser4 жыл бұрын
"Households are bringing in more money now than the start" Mostly cause people are being forced back to work during the corona virus, undoubtedly increasing the likelihood of infection. Its not a glamorous thing, its a "Calm before the storm" if anything.
@mal2ksc4 жыл бұрын
Yup, the official line I deliver in my own song is "Die for the economy, sacrifice the weak". (Yes this is satire.) derputinfluffer.bandcamp.com/track/sacrifice-the-weak
@jeiku53144 жыл бұрын
Phew, seems like the Americans are tired of winning.
@jon63094 жыл бұрын
All Empires rise and fall. Wealth and power is fluid and not fixed forever. The US did not do their due diligence to maintain this power.
@assassin_rk424 жыл бұрын
@@jon6309 If the US economy fall so does the world economy
@vids91904 жыл бұрын
@@assassin_rk42 to an extend yes, however while the us economy tanks long term other economies reallocate their resources
@davidg94694 жыл бұрын
@@vids9190 You seem like a behaved fella in the comment section. So let me ask you I've been hearing a lot lately about the 21st century, what'd you make of it?
@assassin_rk424 жыл бұрын
@@vids9190 If the US Economy collapses so does over 40 trillion dollars worth of commodities etc.
@thacerot43954 жыл бұрын
Who would win: The most powerful Super Power nation to ever exist in history or one infectious boyy
@20thcentury_toy4 жыл бұрын
Kung flu goes brrrrrrrr
@leothel10n964 жыл бұрын
People traveling in march go brrrrrr
@willh22414 жыл бұрын
@creapsmantic World's largest economy by quite a large margin, USD is essentially the default world currency that all floating currencies are valued against, a frankly gargantuan spending power from the middle class, 3rd largest population, extremely potent and diverse military forces, a massive cultural dominance. It has become very popular recently to trash talk the USA (and there's some valid criticism) but it is undeniably the sole super power.
@willh22414 жыл бұрын
@creapsmantic That's simply not true. They are the dominant country by a significant margin. The USA's debt "problem" isn't that much of a problem. If anything they're a victim of their own success, there's a large demand for US debt because (at least for the moment) it can be quite a lucrative investment. Of course they should be vigilant of growing debt, but it is hardly the crippling issue that people make it out to be.
@Schimml0rd4 жыл бұрын
@@willh2241 the only thing making America a super power is the GI :D Exactly like Germany in 1940 ;) But ey
@leifolson76604 жыл бұрын
To be clear, this statistic was on an annual basis. That means the US did not LITERALLY lose 1/3 of its GDP. Rather, if this same rate of contraction were to occur across all quarters, THEN we would see a roughly 33% contraction. It may seem a distinction without a difference, but how you portray economic statistics matters.
@MrFinnishbasterd4 жыл бұрын
I mean yeah he mentions it in the video
@davidmalawey4 жыл бұрын
I visited the BEA website and it says "Real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis." I see the words "annual rate." Does this mean it decreased at a rate by which 33 percent decrease would take place in 1 year?
@bananalord84614 жыл бұрын
The US dollar is now worth it’s weight in US dollars
@EconomicsExplained4 жыл бұрын
hmmm I mean you're not wrong.
@GodwynDi4 жыл бұрын
@Dan Ryan But each is also the same weight as itself. So he is right also
@banriswirl64144 жыл бұрын
@Dan Ryan remember that the thing backing the US dollar is debt. It's effectively a currency backed by more of itself that doesn't exist yet.
@Omnigreen4 жыл бұрын
You need to show graphs and schemes for better understanding of what you're saying instead of stock footage.
@wiryantirta4 жыл бұрын
these kinds of vids are something you treat more like a podcast. the visuals are just... there. minimize, tab out, and do something else while while you listen
@sethheristal95614 жыл бұрын
I love stock footage because the joke when talking about stock gets me every time but yes. However it depends on their format decisions
@australianbleach85944 жыл бұрын
Me: Wow this guys making a good argument I should worry *Glances down and sees 12 mins remaining* Me: Oh no My mum: Oh no My Cousin: Oh no My dead grandma: Oh no The ghost of Karl Marx: Oh no
@epicjonny1554 жыл бұрын
Let me watch the rest
@Kaiserland1114 жыл бұрын
Kool-Aid Man "Oh YEAH" P.S. We'll be fine in a couple years.
@kpencil8594 жыл бұрын
Coolaid man: OH YEAH!
@trevbarlow97194 жыл бұрын
Its Kool-Aid
@lucassherrin99104 жыл бұрын
EE talking about how making money off stocks shouldn’t be easy. Ad: Hey you, would you like to make a million dollars off of buying and trading stocks?