The U.S. economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents. Hyperinflation has left the less haves bearing the brunt of the burden. Its already eating into my entire $620k retirement portfolio. Like where else can we invest our money with less risks?
@donna_martins2 ай бұрын
Just get a financial planner straight up! personally, I would invest in etf and also love investing in individual stocks. yes it’s riskier but I'm comfortable in my financial environment.
@Walter_hill_2 ай бұрын
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
@Trevor_Morrow_LTD2 ай бұрын
this is all new to me, where do I find a fiduciary, can you recommend any?
@Walter_hill_2 ай бұрын
Vivian Jean Wilhelm is the licensed advisor I use. Just google the name. You’d find necessary details to work with and set up an appointment.
@Trevor_Morrow_LTD2 ай бұрын
This reference seems valid.. Just looked up her full name on my browser and found her site without sweat, over 15 years of experience is certainly striking! very much appreciate it
@barrybarlowe56403 ай бұрын
I always like to check in on Questioning from Rep. Kennedy. He keeps a blowtorch ready for dishonest politicians.
@gaillee4363 ай бұрын
😂
@jeffconnor24473 ай бұрын
Along with Hawley, Cruz, Jordan If only we could get HONEST answers instead of lies, filibustering and getting elected into their position.
@robroilen44413 ай бұрын
Kennedy is maybe one of the dumbest politicians out there when it comes to understanding the economy
@kicnbac3 ай бұрын
That's all he does. Talk.
@charlialexander63693 ай бұрын
@@jeffconnor2447 if they told the truth, they would all go to prison.
@ShaighJosephson3 ай бұрын
Our country has gone full corrupt under these demons... ☹️
@jamiewoods92223 ай бұрын
I'd agree with that!!!
@rxtrx7653 ай бұрын
as a foreigner, can you please elaborate what do you mean by corrupt and demons? how is the goverment corrupt? i mean, a private company (FED) has to give testimony to a govermental instutute, this is the opposite of corruption.
@john72ss3 ай бұрын
yes! so vote them all out! do it!
@robroilen44413 ай бұрын
Surely you're talking about Kennedy lol
@jamiewoods92223 ай бұрын
@@robroilen4441 Seriously, you think Kennedy is corrupt? I'd say he's the only honest one their.
@shaneb49233 ай бұрын
“We Have To Pay More To Live Worse”!!! Outstanding Work Senator John Kennedy!!! 🇺🇸TRUMP2024🇺🇸
@danielhutchinson66043 ай бұрын
So you support eliminating Jobs because they are created by a Democrat Administration?
@jds60143 ай бұрын
Unsustainable, PERIOD
@craigcolbourn83513 ай бұрын
Powell chokes up when confronted about government debt propping up the jobs numbers.
@RJ1999x3 ай бұрын
It's the corrupt looking to brag about the jobs they created, they forget to tell you it's your tax dollars buying gaslighting
@gumed853 ай бұрын
Yes, but excessive spending is the government’s fault
@goodfty2 ай бұрын
Powell isn't at fault for that
@lancelotdufrane3 ай бұрын
“Yes, but….. let me spin those numbers”…
@jaredroussel3 ай бұрын
"I wouldn't touch a sentence with that word in it." 😂😂😂
@astroNexx3 ай бұрын
ngl that was quite funny
@dandagerman66043 ай бұрын
Kennedy is a champion!!
@mantaraymartin80353 ай бұрын
Yes. "Oh...go on then...tell us anyway"!
@AllenOlesen3 ай бұрын
The elites are better off today, just not the poor hard-working taxpayers..
@SteveJC3 ай бұрын
So what you're saying is it's according to plan.
@UndertakerFromWWE3 ай бұрын
The politicians like to try to hold the fed accountable yet they’re the ones who passed budgets in a deficit…
@fresh-thyme3 ай бұрын
why do people call them elites? it's like putting them on a pedestal.
@spencer68793 ай бұрын
So don’t be a poor hard working tax payer. Play the game accordingly
@babajesusiq3 ай бұрын
The work is done Thank You
@LawrenceBroussard3 ай бұрын
feel, the reality is most people are hurting and it is getting worse!
@edcctf3 ай бұрын
People don't feel better off because they aren't! They are worse off and it's going to continue.
@heathervontopp52163 ай бұрын
Go Senator John … you are the best! All the best from New Zealand.❤
@regbale3 ай бұрын
And you all thought we lived in a “free” country.
@EmMi-b4i3 ай бұрын
Ain't nobody controlling g me?? Still have alllllll my weapons and thousands of all kinds of ammo
@contemplating10153 ай бұрын
😂😂😂 good one...
@visby25483 ай бұрын
Relatively free. You can criticize the government and the leaders directly. Try criticizing the heads of state in Iran, Russia or China in any serious way.
@johnd.56013 ай бұрын
I have not thought that since the Patriot Act! Then 2008, American institutions stole our homes and taxed us into poverty! I hate this country! 2020 covid-19 pandemic and American banks robbed us and cheated American citizens! 2022, they robbed us again and cheated us!
@regbale3 ай бұрын
@@visby2548 I have your permission Darren?
@babajesusiq3 ай бұрын
Thank You true
@babajesusiq3 ай бұрын
Thank you for your work and for long work and thank you again for your work experience but time to joy
@danefrye45043 ай бұрын
END The Federal Reserve!
@goodfty2 ай бұрын
No, the fed is a great tool
@jiyounglee61503 ай бұрын
senator kennedy not only has the fact but being very nice...😊thank you
@RitaMullins-n8g3 ай бұрын
Trump 2024
@ScottPearson-wl4tu3 ай бұрын
You have a very rich heart ❤️ your very beautiful person and I wish I had a friend like you truly. Be blessed 🙏🥰
@ISpitHotFiyaa3 ай бұрын
The cause of the inflation is sitting right there talking to you, Senator Kennedy.
@marioarguello69893 ай бұрын
Wrong, his bosses are the reason.
@rexmundi2733 ай бұрын
Government spending is the reason. Not the Federal Reserve.
@ympfilms88723 ай бұрын
Pay more and live worst was the correct statement
@Jeff-ih8gi3 ай бұрын
You don't lower prices by increasing the cost of doing business! They have to lower interest rates!
@davidyare84653 ай бұрын
Kennedy to an outsider appears to be a hilly billy but he is a genius.
@patricklanasa91493 ай бұрын
He was Secretary of Revenue for 3 years and butted heads with the governor who appointed him continuously. He was State Treasurer and always butted heads with the governor and legislature. He had the crazy idea that his job was improving the finances of Louisiana not politics and going along with the status quo . Saved Louisiana billions of dollars. Reply
@8ema5333 ай бұрын
Mr. Hainey on Green Acres
@itsallminor61333 ай бұрын
Wish he'd run for president
@privateAcc0unt3 ай бұрын
I'm in Australia and I just love watching him in action brilliant.
@lemairegilles23 ай бұрын
You do a very good job 😁👍
@hobarttobor6863 ай бұрын
High Priest Jerome Powell speaks to the peons.
@jerryshelton14813 ай бұрын
John Kennedy is right government creating jobs to make it appear that unemployment is not as bad as it really is
@frankseprino86103 ай бұрын
Can ANYONE in this administration EVER directly ANSWER a question????? NO!!!!!!!!!!!!!!!!!!!!!!!!!!!
@blumaxx13 ай бұрын
What a crap show this current senate assembly is,,,yet ,these clowns get paid regardless of being productive or not😮
@GeeenoS3 ай бұрын
Your tools haven’t done anything pal.
@johnd.56013 ай бұрын
It made the wealthiest people in the world even wealthier than ever before! Jerome Powell works for the wealthiest people. American citizens are not even a 2nd or 3rd consideration!
@louishall37003 ай бұрын
Oh they have, usually two years after rate hike things tend to go extremely bad . Business, banks, and leverage people have to refinance eventually, and the can't afford the new rate. (You close said business)
@goodfty2 ай бұрын
According to the CPI report they have. ;)
@JamesBond-jb2yi3 ай бұрын
Senator Kennedy sent the message to Chairman Powell: be careful with this economy, will you? Why? We pay more for less.
@nanomachines29853 ай бұрын
So inflation has nothing to do with a decrease in currency value, only imbalance of supply versus demand? Very disingenuous. Unless of course you consider our fiat dollar as a commodity that can be supplied and demanded. Like the money they loan out to banks on a daily basis
@joepappas49683 ай бұрын
Currency inflation drives demand
@BillyColeII-dr6dk3 ай бұрын
Inflation rate does NOT include "Food and energy".....Google it.
@ssuwandi32403 ай бұрын
Fascism is the top# 1 problem that triggers inflation!! If they didn't need the loans to create jobs, THEY SHOULD REFUND and say THANKS JOE, WE ARE FINE WITHOUT THAT MANY CASH FOR 5% INTEREST GIFT From TAXPAYERS
@astroNexx3 ай бұрын
I mean you could interpret it also as supply and demand of MONEY itself, which would be very much true.
@lee589013 ай бұрын
Great job. Only 3 statistics I’d add are that we lost 1.5M jobs year-over-year, most of jobs added are part time jobs, inflation has gone up 22.5% in 3 years exceeding wage growth.
@bryallen113 ай бұрын
If you remove the political posturing from Kennedy's point, translation is that America has become a bureaucratic cesspool almost entirely reliant on government free money
@CARLOSESCOBAR-tz8yc3 ай бұрын
The government takes our money, there is no free money.
@tim95203 ай бұрын
The Monopoly money is nearly gone, but the Fed has an Uber driver heading to Walmart to get a new game board and some fresh fake money😂
@RitaMullins-n8g3 ай бұрын
Your tools aren’t working
@john72ss3 ай бұрын
use your voting tool!
@MJ-fj9yv3 ай бұрын
@@john72ssDepends, about 16 millions may nullify that vote 🗳️ if Republicans can get their bill through.
@herbankidd3 ай бұрын
Lowering interest rates will just make inflation worse
@deejackson55483 ай бұрын
Love Kennedy that's my boy. Never been a Republican but they have common sense
@Nah4813 ай бұрын
Companies are raising prices because they believe customers are expecting them. Not because it's actually needed
@deserttrainguy32353 ай бұрын
Sen Kennedy is just about the only senator I can stomach listening to.
@mrme37173 ай бұрын
The monetary system has evolved since 1690, not by natural forces; but rather by the designs of bankers, who profit by their manipulations. Therefore, what you are experiencing today is not what it was in 1940, or in 1900 or in 1860 etc. It is important to keep this in mind, that the currency system is still in a state of flux, and ever further manipulated to advantage the banker and politician, and disadvantage further (steal from ) the ignorant common people (99.9%, ) but we the people dont understand this, or the extent to which monetary practices have evolved to steal from us, because in our minds we work for money, our parents worked for money and so did our grandparents, so isn't it all pretty much the same with a little bit of inflation ? Hell no ! There have been massive machinations and manipulations designed to harvest your work and energy to the advantage and privilege of a few. And because monetary principles are abstracts that cannot be seen with our eyes, they require mental effort to get our heads around. They are in fact, a completely separate topic to practical daily living, yet they effect our daily life totally. The first principle to understand is that you have been robbed of real money by successive bankers, because the whole idea of 'Money ' is to hold something of real value as your own property, and to receive something of real value for your labour and productivity. But you get nothing, you get zero of value. You get paper, or plastic or electrons for your work and efforts, and these, having no fixed intrinsic value weight or measure, can therefore be manipulated and devalued before you even believe you have it, and faster than you can accumulate it. Devaluation through inflation is the insidious tax your vote or will has NO power to address; the banker alone retains that privilege, and uses it to rob you every second of every year, night and day. You have been hood winked by slight of hand and mind into accepting a constantly devaluing IOU for nothing, all at the point of a gun, because 'legal currency ' means, you shall accept this degrading note alone for your labour, or the armed sheriffs will pay you a visit, and commit further theft and violence upon you, as the state retains to itself the Exclusive franchise to exercise violence. When the State does violence, that's OK. Your forefathers were paid in real money, Gold and Silver, but the bankers were limited in what they could loan out by metalic money, so they sought to do away with it, and they invented the promissory note, the 'bank note' which promised to be redeemable for a Silver or Gold coin. They did this to remove the natural restriction on what they could loan out, because new debt at interest is their primary tool of harvest. Then, gradually, they removed the metal altogether, telling you it was for your own good, because now you could have a booming economy and more commerce, and no limitation on how many hours both you and your partner could work . (The 'full employment' mandate simply means you all shall work all of the time until you die, but in the 1700s 6 months work would keep you alive all year if you owned your land. ) Once they had the Exclusive note printing power, they went to town, printing any amount their bought servants in government wanted, creating the national debt, whereby an unborn child is born in servitude and serfdom to an now $100,000 to $ 150,000 debt to who ? That would be the share holders of the Federal Reserve if you live in the United States, or the Central Bank in your country, and also the large private banks, for once government abrogated the currency creation power to both the Central and large private banks, they must then go cap in hand to the banks to build new public infrastructure. So now every county, state and nation has indebted their ' citizens' in totally unpayable debts to the currency creators. Meanwhile after Bretton Woods the Federal Reserve sent its agents around the world to ensure that all Central banks were created in its own image, doing exactly what it does, so no one shows them up, even though quite a few Central banks are not privately owned like the Federal Reserve is, yet they still create ALL new Currency as Debt which indebts you, your children and grandchildren forever. That is a small taste on the first faulty monetary principle and that's before we talk about the unpayable interest on the new worthless currency that they create for zero cost. There are 4 faulty monetary principles in practice that ensure 99.9% will live in servitude to the .1% Unless you educate yourself and then teach your children and grandchildren, you will remain enslaved, 70% of your work goes to the bankers and bureaucrats.
@robingaray83213 ай бұрын
I’m ready to move to a different country. I’m afraid of starvation and homelessness
@class3nfadealer6663 ай бұрын
Mincing Words DON'T Fix Problems!!!!!
@caruberyconsulting16113 ай бұрын
Yes,,,BUT...
@UPyours-q8h3 ай бұрын
Is it amazing that they couldn't get Jerome Powell to answer the question about Biden nomics
@GaryRoenickr3 ай бұрын
Senator Kennedy is So Good at questioning these people and his term, Bidonomics is spending more to live less is so accurate
@dixter16523 ай бұрын
you want to see inflation... just wait till they lower the rates... everything will go sky high then....
@jerrysullivan72233 ай бұрын
Yes it is but....... ?
@KG_yt23 ай бұрын
"I wouldn't touch a sentence with that word in it" --- Yeah, not while your boss is watching. Shocker.
@klobasa0070073 ай бұрын
FED needs to reset the market...the ones who lived responsibly to this point will have once in a life time opportunity to buy cheap assets and gain financial freedom, other not so much since they will go broke, and will lose every thing. Inflation will come down, prices will stabilize and economy will get healtier, it is economic cycle since first industrial revolution, but before that there will be pain. Great investor Warren Buffet says, "Only when the tide goes out do you learn who has been swimming naked". Free money is no more, now its time for cash pile.
@stefanonbekend81773 ай бұрын
Exactly!
@stefanonbekend81773 ай бұрын
Default of the national debt. Bank bail ins, interest rates can go up then.
@ChrisC-ei2kc3 ай бұрын
The next Great Leap Forward is upon us.
@jameswatson55013 ай бұрын
Bigger government is unproductive expenditure and we are racing towards socialism big time!
@MonroeAbney3 ай бұрын
I am a person from brain surgery but I still listen to our government I have a lawyer that's $7,000 to get me back to the state I was born in if I go back to work then I owe the hospital $650,000 I would love to go back to work to sit here and die
@Jesse-do4nm3 ай бұрын
in the USA? All you need to do is make payments of $5-$10 a month and the hospital can't do shit.
@71kevman3 ай бұрын
John Kennedy for President. No joke.
@brianshowa453 ай бұрын
I lived in Japan more than 10 years ago and just recently went back to visit. Back then I could get a delicious bowl of ramen for 1000 yen, and surprisingly I could still get the same bowl of ramen for the exact same price! Americans are being screwed by the Fed and for having the "world's reserve currency" and most people don't even realize it.
@SE-pk7br3 ай бұрын
Get that man out of office grey now powell done
@HuSkOgS3 ай бұрын
Kennedy said the silent part out loud, which is that it's all about feelings. The U.S. is by far the country that came out of COVID with the best economic results compared to ALL other developed countries. ALL other developed countries are in a worse spot compared to the U.S. Does that mean people have to feel good about the economy? Of course not. But that doesn't change that fact that the current administration and Fed navigated the widely expected pandemic and post-pandemic recession/market crash like an absolute champ.
@gauravaws203 ай бұрын
Labor market is still going strong ? Where exactly ? Who is hiring seriously? All those jobs on LinkedIn are fake. Also I don’t want to go from a tech employee to flipping burgers and call it a job.
@onemanwanders3 ай бұрын
The “land of plenty” is one of the most expensive nations on earth. America runs on its brand name but the product doesn’t match the hype.
@chuckinhouston99523 ай бұрын
Could we please get an economist or accountant or someone other than a lawyer to chair the Federal Reserve? Boog Powell is a lawyer, and I question how much he knows about inflation, the money supply, and economics in general. He is more of a political hack than an economist. An imbalance between supply and demand does not cause inflation. It’s a symptom of inflation caused by too many dollars chasing too few goods and services. We can do better than Mr. Powell. Much better.
@harveywilkinson24323 ай бұрын
You just want someone who agrees with you. The Supreme Court just eradicated all the professional expertise in all executive agencies in favor of them deciding, in a decision where Gorsuch repeatedly refers to "nitrous oxide" as a source of global warming. Nitrous oxide is laughing gas used by dentists, and does not cause global warming. But you are not outraged by this because it is a MAGA court issuing MAGA culture war rulings. If you were at all consistent in your ideology that we should respect expertise in government then you would be more outraged with the MAGA Supreme Court than you would the chairman of the federal reserve not being an "accountant,' who are just pencil pushers who do basic arithmetic and have ABSOLUTELY NO QUALIFICATIONS to run the federal reserve. My god.
@stevemt32383 ай бұрын
It's time for Powell to go to jail.
@GeeenoS2 ай бұрын
If you believe those!!
@CSGATI3 ай бұрын
Bidenomics = Badonomics.
@urio71463 ай бұрын
Powell is so gangsta 😎
@petermannix17723 ай бұрын
There are deep concerns about our finances. Everything is going up📈.
@flickeringflame61613 ай бұрын
The blob is growing . That's what government does . Just grow .
@GFRESH6362 ай бұрын
Someone explain to me why fudging the numbers by making government bigger is good for us? So low unemployment
@ed-gn6kl3 ай бұрын
look at how smug and proud powell is for destroying the middle class. horrible person
@gregorygreene19403 ай бұрын
The public has themselves to blame for this. They voted in the people that spent all that money putting the government in terrible debt. The Fed chairman didn't vote on any appropriation bills in Congress. The whole Fed scapegoating is really foolish. The public simply doesn't want to come to terms with the fact that for decades we voted in people that we expected to vote for bills that would allocate money back to us. Now we are reaping the results.
@tatersncorn3 ай бұрын
well that was dramatic.
@geteven31073 ай бұрын
growing at solid pace...only by gov't spending!!!
@therafter74943 ай бұрын
Crap with sprinkles is still crap!!!!
@mattwilliams32603 ай бұрын
Jay bird powell is going to be the end of us! Fact
@fishheadcurry47933 ай бұрын
High interest rates are just stimmy checks for the rich
@AntiTheismForever3 ай бұрын
Lol, such questions are softballs, nothing hard hitting here. Private sector employment is in the toilet, inflation due to massive government deficit spending into the economy, huge trade deficits, bogus 2% inflation target etc. Powell should be questioned by someone that can ask tough monetary and economic questions. The Fed's market manipulation and interventions are a form of central planning, the Fed should be abolished.
@robingaray83213 ай бұрын
Kennedy for vp
@lvioland233 ай бұрын
The only ones still spending are the youth living STILL with their parents! Fire F ED
@wmryan96463 ай бұрын
They don’t want to answer questions that might send them to prison…
@davicpetrovski1553 ай бұрын
The country that can print how much money they want without consequences
@KennyAllen-hn3ex3 ай бұрын
Social security just took 1/2 my check away for part B I have never used it so way
@jf70783 ай бұрын
It's not a FEEL, it's a fact! Powell is doing nothing. Don't know why. Don't he understand that his career is pretty much over after this?
@larrymatarasso3 ай бұрын
Kennedy is very entertaining. But he does sound like Mr. Haney from Green Acres😊
@treyvordowrie17233 ай бұрын
Powell and Kennedy are great stewards.
@markpedzinski49503 ай бұрын
Corporate greed caused inflation...
@lewiswells90112 ай бұрын
Doubled fuel cost started inflation.
@MakarKonovalov3 ай бұрын
When is my time for a live session trading with my biggest inspiration👗
@Paper.Power.Politics3 ай бұрын
The root of all evil: politicians being financially illiterate, while a private central bank takes advantage of a country’s ignorance. Its mind boggling how our politicians look so stupid begging the central bank.
@albertochoa73313 ай бұрын
Fire Him: Donald J. Trump Style.
@ManualLabor-p4w3 ай бұрын
Me going broke is called cooling.
@edwardmclaughlin79353 ай бұрын
Powell is 100% right when he says that inflation is down to the imbalance between supply and demand. What needs to be added to this is that the supply is regarding the currency and the demand relates to the goods and services that change hands using that currency. Up the volume of currency and the goods and services change hands for higher levels of currency. So why did he and his colleagues think it was a good idea, as part of the plandemic, to increase the currency by 40%? How did they think that might play-out?
@anupamsircar1113 ай бұрын
US senators should stop wasting valuable time in this kind of analysis paralysis and focus on real action in the economy. What's the point of asking questions when those questioned are never punished for their negligence, wrongdoing, or plain ignorance.
@theetrue40833 ай бұрын
senator kennedy: you forgot to ask the fed chair how much of america’s gold remains in fort knox.
@kraaidievoel3 ай бұрын
He knows where Kennedy is going 😀😀😀
@charlialexander63693 ай бұрын
In person services means government, taxpayer funded jobs.
@gaillee4363 ай бұрын
Gotta LOVE Graham❤❤❤❤❤
@susanx2153 ай бұрын
My niece applies to several jobs every day. She hasn’t gotten one job offer for a whole year! Companies say they’re looking for someone but they’re lying they really aren’t. Everything’s been made up to look like the governments improved, but it really hasn’t. Most statistics are a lie.
@CSGATI3 ай бұрын
Im doing a terrible job but it's OK what a worm.
@jameshall22993 ай бұрын
Isn’t the fed mandated to keep inflation at 2%?
@matsmartinsson71803 ай бұрын
no
@rexmundi2733 ай бұрын
Low unemployment and stable prices are the Fed's mandate.
@ur8up2jabberwocky793 ай бұрын
ILLEGAL CENSORHIP HERE
@TracyGamsky-h1m3 ай бұрын
I can't hire anyone!!!! No one wants to work.
@Donald-p1w3 ай бұрын
Ask this 'If you wanted to create inflation, how would you do it?