How Corporate Greed Makes Inflation Worse

Americans look to the country’s most powerful bank, the Federal Reserve, to combat inflation. But the Federal Reserve does not have to take on the battle alone. Fiscal policy enacted by Congress and power wielded by big business can help fight rising costs. Watch the video above to learn more about how corporations and Congress influence inflation, why the Fed doesn’t have to take on rising costs alone and what it will take to normalize the U.S. economy.
» Subscribe to CNBC: cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: cnb.cx/SubscribeCNBCtelevision
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC News on Twitter: cnb.cx/FollowCNBC
Follow CNBC News on Instagram: cnb.cx/InstagramCNBC
#CNBC
How Corporate Greed Makes Inflation Worse

[@mikejaxon8696]

I want to invest in the crypto market I need a reliable broker that will help me trade my coin and make profits Any recommendations?

[@dennisgabriel9175]

I used to invest with the wrong broker until a friend of mine introduced me to Mrs Rhian Lewis Ploshay

[@dennisgabriel9175]

I recently got into bitcoin trading and I'm already marveling over the profits l'm making, I'm like " how the hell have I been sleeping on this

[@Torchic956]

Scam

[@jamesbillingsby8043]

Find a good bot to scam you buddy.

[@bernardallen55]

Increased losses for portfolios this quarter are predicted by market drops, skyrocketing inflation, a major interest rate hike by the Fed, and rising treasury rates. How can I profit from the volatile market right now? I'm still considering whether to sell my $$$k bond and stock account.

[@raynoldgrey]

Concentrate on two main goals. To start protecting yourself, learn when to sell stocks to reduce losses and maximize gains. Second, get ready to profit when the market recovers. I suggest having a conversation with a broker or financial advisor.

[@donaldwatson51]

Yes, I've been in touch with a financial analyst ever since I covid. Investing in trending companies is relatively easy today; the trick is determining when to purchase and sell. I started with a $300K reserve that was initially dormant; my adviser decides when to enter and exit my portfolio; since then, I have accumulated over a million dollars.

[@mikeharry96]

@@donaldwatson51 Can you leave your investment advisor's contact information here? I absolutely must have one.

[@donaldwatson51]

@@mikeharry96 Julie Anne Hoover, whom I discovered on a CNBC interview and contacted, is guiding me. She has since given me entry and exit points for the securities in which I am interested. You can look her up online if you require care supervision.

[@SaltySparrow]

I'll never forget in the early 2010s when pet food went through a big price increase due to gas prices. Guess what, gas went down a few years later and the prices stayed the same. Companies have been taking advantage for decades.

[@onthihocky5666]

Street vendors in our country have understood this economic principle for decades.

[@michaeldonnelly6747]

buy an electric car! I did and I really don't care about gas prices now.

[@michaeldonnelly6747]

@David Chatterton Calculate the probability cost of replacing a battery pack over the life of an EV and compare that to the probability cost of replacing the engine and transmission in an ICE vehicle. Oh, and also add the cost of $3/gallon of fuel as well as oil changes compared to your electricity rates! See how that works out!

[@greg7811]

@@michaeldonnelly6747 The liberal elites are on another planet. The poor can't afford a $400 emergency, they aren't going to buy a $100,000 car. What's next car chargers at the homeless shelters?

[@sandroaces]

@@FelipeRotilho Or they where like well gas went down but let’s leave prices where they are since customers are use to it and pocket the difference. Plenty of examples of this.

[@BateserJoanne]

It's hard to predict the future until we see this month’s inflation results. However, historical data consistently show that stocks tend to outperform bonds in the long term. Therefore, I'm staying in the market and focusing on selecting high-quality stocks. The challenge lies in identifying these stocks.

[@VickyAlvy]

Staying in touch with a financial advisor was my effective tactics. During the pandemic, I outperformed the market, earning about $200k in four months. Its been a remarkable few years for me with my advisor .

[@Jason9o669]

I wholeheartedly agree, which is why I choose to delegate my daily investment decisions to a coach. Their specialised knowledge, research, and risk management skills make it challenging for them to underperform. They focus on utilising risk for its asymmetrical potential while mitigating downsides. I've been with my investment coach for over two years and have earned over a quarter-million dollars.

[@Jason9o669]

There are many financial coaches who excel in their profession, but for the time being, I employ Stacey Lee Decker because I adore her methods. You can make research and find out more

[@Fittednocap]

@@VickyAlvyhey who’s your advisor? Edit; I’d appreciate the help. I know it won’t always be growth but I want to be able to do something about this issue in our country rather than sit back and take it

[@markrodriquez6447]

My company made record profits yet did not make any inflation adjustment for their employees…instead the extra profits got pocketed by the executive through bonuses. The system is broken

[@TheBooban]

Me: Inflation is 10%. Please give me a 10% raise. CNBC fictitious boss: 2:46 “no problem!” Real boss: Hahahahaha!

[@Novastar.SaberCombat]

The system isn't broken. It just favors the elite, and NONE of those guys are posting on YT nor TT, etc. 😂🤣😂 Face it: if you're reading this, you're a slave like the other 99.999%. You were born as one, you've "lived" like one, and you'll die penniless, too.

[@danielmankinde1706]

did they make any losses in 2020,2021? did you come online to talk about it?

[@stevechance150]

@@danielmankinde1706 loses? When was the last time ExxonMobil reported loses? Seriously?! They are having record profits now. Daniel, do you fell sorry for ExxonMobil?

[@danielmankinde1706]

@@stevechance150 you’ve been quiet .

[@jaydibernardo4320]

Shrinkflation hit me when I noticed there were 10 kcups in a box that previously had 12. Same price of course.

[@604h22a]

Steal from work super easy

[@JasonB808]

Buying whole coffe beans and grinding them yourself is the cheapest and the best quality. It’s also much better for environment.

[@prodyung829]

​@@JasonB808facts plus its more satisfying.

[@Myfavoritecuties]

Should inflation be a crime and a violation of the 13th amendment? • Yes! Hard workers are NOT slaves! • No! It’s how we support other people!

[@AKT0B0S]

I love how they don’t call out all the money printing the Feds did.

[@doomtomb3]

Treasury is the borrower

[@joshuadenson996]

That happened ? Any links ?

[@irtwiaos]

In the grand scheme of things, it doesn't really do much to cause this level of sustained inflation.

[@joeyharper4976]

Democrats government spending.

[@vaeell6532]

@@irtwiaos But the 10 years of ZIRP did.

[@omnizen]

There is another type of inflation that is not mentioned in this video or most economics textbooks. In the 1800's and early 1900's of the industrialization age, people left farms and moved to cities to work in factories. Businesses at that time believed the way to be successful was to produce a quality product that was reliable and would last for a long time. If consumers had a good experience with their product, they would tell others, and the business would grow in reputation and size, with more and more satisfied customers. Today, best-practices seminars teach business executives the way to success is to patent your product, require authorized repairs by factory-trained and certified technicians to maintain the warranty, require the use of specialized tools, control the source and prices on OEM parts, place critical parts and mechanisms in inaccessible sealed compartments, and build the product with parts and materials designed to fail within days of warranty expiration, if not sooner. For businesses, this results in increased product and maintenance sales at higher margins, ultimately requiring the consumer to repair/replace/repurchase new units at more frequent intervals. If the consumer had to replace every product they buy every year, they would be left with no discretionary income, no savings, and little control over improving their lives, while businesses grow more powerful, compound more and more money, and justify their actions in the name of increased profits.

[@jamisonmunn9215]

You are forgetting the same thing all these businesses forgot. In reality the consumer, when the product breaks they throw it away, or if its really expensive they get it fixed and then sell it on to the next unsuspecting consumer. The original consumer will never buy from that business again.

[@Miguel-bd1hp]

Interesting thanks

[@NazriB]

Lies again? Institute College

[@jamisonmunn9215]

Capitalism is worst financial system ever devised, except of course all others.

[@omnizen]

Except of course for nearly all United States allies, where they seem to have found a balance of both capitalism and socialism, which allows them to enjoy the benefits of both economic systems. The hard line that you draw between the U.S. economy and all other economies of the world is the way conservative Americans indoctrinate citizens into thinking that all other countries are our enemies, worthy of eradication, destruction, elimination, and total depopulation. Most Americans believe all forms of socialism lead to Stalinism, and that free markets lead to the highest quality of life for all participants. Do you believe the profit motive always leads us in the correct direction? Do you believe that wealthy industrialists or financial gurus always provide the best guidance for the economy? I think it may be too early to jump to such diametric conclusions, given the fragile state of our climate and resources. Note, I am talking about potential benefits of combined capitalism and socialism. The free market also brings us unpredictable episodes of hyperinflation, unemployment, painful adjustments, and slow response times to changes that could be better handled by more aggressive decision making. Bear in mind that socialist governments try to keep free market entrants and demand forces in their economies invisible and to keep central decision-making top-most visible, while capitalist governments try to keep their heavy hand on tax policies, financial incentives, and direct investment in industries invisible in an attempt to attribute all progress to visible free market forces. Many of America's proudest achievements would not have happened without direct government investment, e.g., the National Highway system, the WPA, Social Security, Medicare, NASA, SpaceX, the defense industry, the oil industry, some pharmaceuticals, etc. Again, many Americans are unaware of the hard fought differences of opinions among socialists themselves. Zum Beispiel: "Wir erinnerten uns auch an Lenins Worte bei der Februar-Revolution 1917: "Dem russischen Proletariat ist die große Ehre zuteil geworden, die Reihe von Revolutionen . . . zu beginnen. Der Gedanke jedoch, das russische Proletariat für das auserwählte Proletariat unter den Arbeitern der anderen Länder zu halten, ist uns absolut fremd."" [Unter den politischen Bauchschmerzen.]

[@adamcolclasure4892]

S.Korea: government regulators watching companies making sure if companies, are raising prices its valid from supply chain or shortages if a company is found to raise prices out of greed or because they can they're fined equivalent 4,500 Usd a day until, they price goes lower or back to where it was. America: corporations are people too they can do what they want.

[@anthonyfaucy2761]

Exactly. We have the means to control greed but the government refuse to do it because they profit from inflation. Its a conflict of interest

[@checkforme234]

With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio

[@kimyoung8414]

Focus on two key objectives. First, stay protected by learning when to sell stocks to cut losses and capture profits. Second, prepare to profit when the market turns around.I recommend you seek the guidance a broker or financial advisor.

[@erichkraetz2622]

Right, I've been in constant touch with a fiinancial-analyst since covid . You know these days it's really easy to buy into trending stock`s, but the task is determining when to buy or sell . My advisorr decides entry and exit commands on my portfoliio, I've accrued over $550k from an initially stagnant reserve of $150K

[@alexyoung3126]

@@erichkraetz2622 Please can you leave the info of your investment advisor here? I’m in dire need for one.

[@erichkraetz2622]

@@alexyoung3126 My advisor is "Ingrid Cecilia Raad" You can easily look her up, she has years of financial market experience.

[@warehawk]

I love how the only option we have is to keep getting on our knees for corporations. Lets just keep giving them trillions of dollars and that will stop them from stepping on us! Why are we okay with that?

[@angelasmr8818]

We live in a corporatist country.

[@mlh5434]

"I love how the only option we have is to keep getting on our knees for corporations." That's....not the only option at all. Sounds like a straw man. The REAL option for curing inflation is not to create it to begin with. Not expanding the money supply by 35% would be a start. Notice how all these things people are complaining about are all more expensive in DOLLARS, but not in bitcoin or gold. Inflation isn't caused by greedy businesses. It's caused by a reduction in the value of our money by the Fed.

[@DanLeahfort]

Inflation- thats the price we pay for those government benefits everybody thought were free making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k

[@AveryFetherolf]

Well, advisors have exclusive information and data paths that are not disclosed to the public. Knowing the tactics to use during this time is one thing and having the right information to execute them successfully is another.

[@ThormanBoucher]

@@AveryFetherolf You’re right. Most newbie investors often underestimate and overlook the importance of a Portfolio-advisor when it comes to investment. After i lost over $80K (terrible times), I started using an advisor, it took me around 6 months to break even and I also made a net profit of around $460k. Being aggressive comes with higher risks, but with an investment coach, it's all been calculated risks.

[@RachelBrinkmeier]

@@ThormanBoucher WOW!!!. I will be retiring early and i want to expanded my $380k reserve to $1M or more. Please who helped you and how can I count on him/her?

[@ThormanBoucher]

@@RachelBrinkmeier Search up the name KATHERINE DUFFY BURKE

[@velayuthman]

@@ThormanBoucher I searched for Katherine using her full name and found her official-webpage, read her resume, education, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I sent a message and I hope she replies soon

[@orhstrombone]

I was not expecting this thumbnail from cnbc lol

[@TheDCGuitar13]

If the fundamental principle in an economy is that more people having money is bad, inflation will never be solved. The feds solution to inflation is to make the economy so bad that no one gets hired. It won’t ever be the wealthy peoples burden. Only ours.

[@carknower]

That’s when we burn the whole system down. The French know what we’re talking about 😜

[@fallinegg]

inflation is when there is too much money in the system...so yeah more people having more money lowers the value of the dollar and thus raises inflation so yeah its bad.

[@TheDCGuitar13]

@@fallinegg yep. It’s ok for 2% to have 80% of the money but the other 98% of the population being able to eat is what’s a death sentence…

[@trailerhaul8200]

the US gov seems to forget how much money they printed past years.

[@collinoudbier4989]

Lol, all that money will make it around sometime...and that's now.

[@smokedbeefandcheese4144]

Lol Nope they don’t Lotta people seem to forget how much money landlords and CEOs make. And that that money also affects inflation. If the cost of goods raises 10% but you are leading the prices by 25 or whatever you are over shooting inflation for profits. And that’s what they are doing and have been caught doing repeatedly. If we wanted to stop this we would be punishing them for price gouging.

[@aztronomy7457]

I'm glad you turned down your stimulus check and sent it back to the federal government. Well done.

[@ivanontech9156]

‘’Courage taught me no matter how bad a crisis gets ... any sound investment will eventually pay off."

[@chrisjohn7823]

Making it out at a young age is quite difficult. I started a side hustle at 17, saved up and made some good investments. l'm 28,live on my own and having a good life for myself. Big ups to you and everyone out there trying

[@ariaibrahim1291]

Sounds like plan, how do you put money to work?

[@chrisjohn7823]

@@ariaibrahim1291 Yes it sure is. I put in money in investments and get profits. That 's how I make more money without working. This does not sound new to you right ?

[@ariaibrahim1291]

@@chrisjohn7823 Thanks for replying me, I've heard so many people talk about investment but none had said how to do it right.

[@steceymorgan814]

Am hoping on you can explain more on how you make extra income from investments

[@80srockedguitar]

Looking at you American Woodmark. Local rent has went up to 1500 a month and these predatory employers still pay 15 bucks an hour

[@johnperez93640]

Lets keep it simple. Big companies like pepsi or walmart or any major company, if pepsi doesnt raise the price of a 6 pack of sodas and kept it the same price, THEY WOULD STILL MAKE BILLIONS EACH YEAR. But they jumped on the band wagon too and raised their prices to generate even more profits. Its not like they will go under if they dont raise their prices.

[@Johnjackjack]

So then why have there profit margins been pretty much the same sense pre Covid

[@johnperez93640]

@@Johnjackjack u mean still making profit and not in the negative? Millions instead of billions is still good. Unless greed has overcome them and they want more n more. If i had a company that made 2 million one year and only 1.5 million the next year, thats fine, i still made over a million. If i lost more than i made, then theres a big problem somewhere.

[@acommentator69]

Only way to reduce inflation is to have no deficit. As long as crazy high spending continues, there is no end in sight for high inflation.

[@terloriaslolx3869]

Yea there is just ask Weimar Germany

[@acommentator69]

@@terloriaslolx3869 😆

[@kylewatson5133]

Also, greed is constant. Greedy corporations are just a red herring - the central planners are as usual, completely at fault.

[@jasonpark1556]

Everyone is greedy, not just corporations and greed is good. Greed is ambition at it's core and ambition is good

[@happyblt624]

@@jasonpark1556 not if you do literally everything to get money at no stop like idk enslavement of uighers in china to make ur iphones

[@sjakie49]

In the end, everyone is greedy. From bankers actively hiking up their bonuses in sinister ways, to regular citizens getting (and often defaulting on) loans to finance their houses or cars. 99.99% Of the population wants MORE and we vote accordingly.

[@jasonpark1556]

@@happyblt624 or 4 black people robbing a bank

[@kylewatson5133]

@@sjakie49 You do realize, when someone spends money they earn their wants are limited. When someone extorts money from someone else their wants are unending. The cap on greed is limited by your ability to produce value in a voluntary relationship under free market conditions. Under government conditions its who can get the gun of government to point at whatever heads the majority votes on pointing it at and that's only for a little while as the entire system accumulates power like a cancerous tumor until it then realizes its big enough to tell everyone what to do at gun point.

[@zacharyparis]

Hello!!!! 40t in money printing. The fiat system IS an inflationary system. It’s not a giant corporate conspiracy. You think every single company is raising prices together? The smart move would be the one who doesn’t and take all the customers.

[@sofialina3293]

This is an amazing video and i enjoyed every bit of it. And i'm also excited to share my investment experience so far this year. I believe it will help a lot of people here who are confused on how to startup theirs and be productive for the year.

[@sofialina3293]

From my own point of view, you need to invest smartly if you need the good things of life. so far, i've made over $355k in raw profits from just q4 of the market from my diversified portfolio strategy and i believe anyone can do it if you have the right strategy. Mutual funds takes long time, but investing smartly is the key for short term. Most of us tends to pay more attention to the shiniest position in the market to the cost of proper diversification.

[@emmanuelchikwendu5492]

​@@sofialina3293 Wow!!!, This is super awesome. I'm willing to start saving properly or at least have a good investment. Please tell me more about it. I'm an amateur investor, i have 2 IRAs, I do not like the cookie cutter responses from; Fidelity, Vanguard Schwab, etc 7%-9% year on average. How do you invest?

[@sofialina3293]

My portfolio is very much diversified, so it's not like i have a particular fund i invest in, plus i don't do that by myself. I follow the trades of WINONA ALETHEA LIVINGSTON. She is a popular broker you might have heard of. I can correctly say she's worth her salt as a financial adviser, as her diversification skills are top notch. I say so because i see that in her results, as my portfolio grows by averages of 10 to 15% on a monthly basis....

[@emmanuelchikwendu5492]

​@@sofialina3293 By following trades, do you mean copying her trades, as it is done in etoro? Are you giving her your money or the money says in your account? I have heard about copying trades but have not looked into it. But i have an idea of what it is.

[@sofialina3293]

Yeah exactly, My portfolio/investment manager, a well professional online broker, WINONA ALETHEA LIVINGSTON has an investment platform where you don't need to stress on your trades. All you need to do is invest and watch your trades grow from your dashboard.

[@Mr.Kittles]

Preventing a wage price spiral leads to a corporate profit price spiral.. Boycott everything! 😂

[@700mph]

This inflation is MOSTLY price gouging from corporations. You CANT have RECORD BREAKING PROFITS during high inflation. PRICE GOUGING! There are some people, that say inflation is the cause of helping Americans during the pandemic. The pandemic is a world wide event, and most countries are suffering from it. It's a supply chain issue. The world was on lock down, everything came to a stop. Supply chain issues. Also, go look up how much corporations recieved in tax breaks, and money that was given to corporations to keep Americans employed. Companies used that money for share buy backs instead. Corporations recieved more money than what Americans recieved in help. Corporations continue to recieve government money. It's corporate welfare. No one talks about that.

[@driftracing08]

One thing people can do is to stop buying every new iphone and smarthphone that comes out every year like when you buy a high or mid priced product it should be able serve you for over 10 or more years and people always be getting a new car every 1 or 2 years and most cars now are just for profit and that some most people only care about the electronics inside of a car and not what keeps it on the road and they go back every year to give those greedy companies more money because it got new updated electronics and my car is from 2014 and it's running good and I'm not buying a newer up to date car because it's outdated and that I'm not giving the greedy any money and just keep the old stuff until it wears out

[@JasonTaylor-po5xc]

Companies posting record profits in the midst of super high inflation is tone deaf - like when oil companies posted their highest profits right when gas prices hit their highest point. Perhaps it was just really bad timing. In order to tame inflation, you need to first identify why it is happening, otherwise, you're just guessing and hoping for the best - which might actually have the opposite impact. Hoover's response to the 1929 market crash just made everything worse. He had good intentions, but nothing he did worked.

[@traveler5973]

i probably replayed this vid like 200 times & it's always the "stock & crypto" ad with the cool black "chief financial officer"

[@johnbee7729]

Don't waste my time with $ 150.- 200 annual savings. That is not noticable to all but the extremely poor

[@supadave422]

@7:02 you left out the part about every 1% hike the fed does adds $285 Billion dollars a year to the deficit

[@SafavidAfsharid3197]

As a business student i want to say that using gross profit is actually inaccurate, people should use more accurate Net profit.

[@naalsocomment9449]

I just don't get how people can be so narrow minded to still blindly repeat the wage-price spiral. People don't suddenly buy 5% more goods to create an inflation of 7%. It is the prices that increases first. Wage increase is a natural result to not devalue private income an wealth. How much of company's expenses are salary? Depends of course on the company but let's look at a very labor intense business, which would be 70%. So a salary increase of 5% would affect the total expenses by 3,5%, With the next cycle and a salary increase of 3,5% the expenses increase by 1,44%. So where is this wage-price spiral? In contrary the companies having high profits during inflation and prices of their products stay high while people get less for their money.

[@benkmarchant]

How about not printing the money to begin with

[@AnimuncuIus]

The billionaires who could defeat inflation are too busy making more money than any of us could possibly imagine to do anything about it.

[@robertagren9360]

When you realize how it works you get sad when the market goes up because any drop would just be a potential profit.

[@cg5648]

The government is responsible for creating money out of thin air and artificially holding down interest rates for 14 years.

[@fernandojavier-davila2473]

Why would corporations pass profits to consumers? And if I am shareholder and a consumer?

[@justinwalworth9008]

Tax companies! Fight corporate greed! Sounds great, right? Don’t use profits for dividends or share buybacks. If you have a 401k or any investment account, you’re a shareholder. If you have an insurance policy, you’re an indirect shareholder. Insurance companies invest their/your money to pay claims and lower premiums. Your bank invests money. Your company might be a public company that gets working capital by selling shares. Your company probably does business with tens or hundreds of other public companies. Shareholders aren’t just rich people. They’re all of us. I absolutely want companies to make record profits and I don’t want the government to fight them on that. For you, me, and everyone. The stock market allows us (anyone) to buy a little piece of a great company and share in the profits. The govt does basically the same with treasury bills. So when you hear the term shareholders, that’s basically all of us.

[@collinoudbier4989]

Strategy three of the Fed. Raise the reserve requirement from 0%. Apparently the fed forgot about that one.

[@smokedbeefandcheese4144]

Yeah they forgot about that because then private banks couldn’t have their foot on the gas pedal lending everyone money.

[@haruhisuzumiya6650]

That's called moral Hazzard

[@IzzatLamborghini-cj9cf]

World capitalism made world inflation actually, World interest rates made human suffering with living costs actually.

[@davidgavney6711]

Ok, on what Earth can you go to your boss and ask for a raise and they say “No problem”?

[@alexanderperez2732]

Prices go up when cost goes up for them but it never goes down for us what prices go down for the companies. That's the problem. When price don't go down people wanna get paid more and they increase prices again... Bruh it's common sense why is there no law to control this.... Because the more we get paid the more we get taxes the more businesses make the more stocks go up.

[@davefischer2344]

2:28 it's always a vicious cycle. 2:44 well good thing for remote work.

[@Plimpert]

The FED is going to crash the market because corporations can imagine making less of a profit.

[@vanesslifeygo]

Holdddd up there. This video, towards the end, tried to blame on inflation on labor costs. It's a video with a narrative that says one shouldn't be paid more. The only thing that shouldn't get paid out is unemployment benefits. John Stossel demonstrates in his video that people found jobs only when their benefits wear near expiry.

[@anthonyfaucy2761]

Exactly. Its a propaganda video

[@marcux83]

Sooo ppl listen up you have to tighten ur belts. 1) dont be employed anymore 2) dont spend any money to consume goods 3) just stay put till this ends and all will be good xD

[@marcux83]

you all realize how ridiculously corrupted/perverted this current system is?

[@charlessmith4381]

Inflation is monetary. Printing more money without increases in production. Inflation originates in one place only Washington DC. Central government planning has done more harm to a CAPITALISTIC system than anything else. Profits are for businesses to use how they see fit. If they waste profits, then the MARKET will punish them. Don’t need more taxes. This is nonsense.

[@asheru9254]

The federal reserve Bank is a privately owned business, the bigger question is who owns the federal reserve Bank?

[@cccc7350]

Inflation is always and everywhere a monetary phenomenon

[@ReuvenShopper]

The only way to , stop inflation is to stop printing money. Or have money back by gold and silver like Switzerland did in 1800's and 1900's.

[@georgemaximus694]

Consumers would prefer lower costs of goods than lower borrowing costs. No more borrowing into the future. You have to work and earn to get paid. The fed is not doing enough to fight inflation. The fed didn’t hesitate to print trillions of dollars and lower rates to zero almost instantly but not the other way around. The federal reserve will continue to underestimate inflation again and again. Reckless Fiscal spending is not helping either. Government always spends more than it earns. That’s the problem when they are spending money that’s not their own. It’s the peoples money, the US debt, future generations of Americans debt which they spend on it now.

[@Rizky06]

Congress simply transfers the debt out through the back door into their own pockets.

[@Duck-wc9de]

Austerity. But people dont vote for government that apply it, so, they keep figthing the central bank until some unfortunate goverment has to deal with it

[@haruhisuzumiya6650]

Quantitative easing has problems because it benefits corporations

[@TyCChronicles]

There needs to be national rent control, so these landlords don't take advantage of their renters.

[@Zipperskull_]

YES!!!!! we need this badly, property taxes in chicago went up to 70% I was upset that my rent up dramatically.

[@douglastovey2685]

And nobody would ever buy or build new properties to rent. There would be a shortage of housing and prices would sky rocket. Deregulate and developers would be motivated to build more housing and prices would fall. The free market is still our best tool.

[@michaelsomething7674]

The administration has forgiven bunch of student debts that just create more inflation

[@noneeabesssus5450]

Did anyone else get completely distracted by the double jointed finger at 8:39?

[@rsoxboy]

What in the world does that chart at 2:03 mean? And why is that that one obvious outlier included? 481 all by itself up at the top? What companies were selected, what industries are they in? And most importantly, why is that one outlier up at the very top included because it's obviously skewing whatever trend this chart is trying to suggest?

[@number2and3]

Corporations cannot hold onto profits, they all have to be distributed or reinvested each year. This is why it is important for execs to outdo each year because at any time your business can fail. Adjust your spending habits don’t blame everyone and ask for handouts

[@presidential3228]

If u gotta do better every year then u have to cut employees to save money, raise prices for profits… etc u get it… thats the problem they have to make more money every year. THINK

[@CEA9234]

Monopoly america makes me sick

[@stevechance150]

Everyone needs gas. There is no substitute for gas. What is the absolute most that Exxon can charge for gasoline?

[@dkl170]

You are telling Americans that corporations love to contribute to them buying less of their goods? Nobody takes your serious

[@sakshichoudhary7039]

Raising interest rates and shrinking it's balance sheet these two tools are completely opposite. First is taking money from consumer and the second is releasing the money.

[@tusharmalode9540]

I just find indian friend 😊😀

[@Jekuyuytt6t5]

The stock monster is terrifying lol

[@ICoreAcademyPH]

Top 10 comment. Greetings from Laguna ❤

[@CannabisTechLife]

Yoooo that finger at 08:40 is quite messed up lol

[@Dusty_617]

What a great country we could’ve been…

[@TimErwin]

Don't worry. The children and cronies of the corporate heads have will live a great life. Everyone else will be working 2 full-time jobs while living in their car because they can't afford both rent and food.

[@presidential3228]

capitalism only works in industrial ages…. the system is gonna fall… harder than rome.

[@marcelobazantes9323]

💫I have always wanted to trade cryptocurrency, but I got discouraged with the market price fluctuations and constant loss😊

[@zuherridvanmuhammed8313]

I *always get discourage with the market 🤑 price fluctuations and constant loss and that's why I don't invest in Cryptocurrency

[@sabiumuhammed7951]

@Nowicka Richard 💫😇Success is about Focusing your energy on what creates good results and using proper knowledge is what sucess is all about not fears Glad she is honest and transparent in everything.

[@maryambala3597]

*Haven't you heard of Madam *Carol Ann Mcelroy* She's an experinced, honest and transparent broker who has been helping many to make good profits with her trading experience.

[@tyoapinethaddeusterngu5031]

@Nowicka Richard

[@genesisquinonez3385]

*The pandemic has taught everyone the importance of having multiple stream of income, unfortunately having a nice paying job doesn't mean you are financial free or secured.

[@Bahamut3525]

The problem with inflation is you lose lots more money paying for day to day things. It obviously hits the lower and middle class the most, who will reduce spending, and then the economy will slow down. It's obviously not a money supply issue. It's a general economic issue, the days of cheap things are gone. There's scarcity on the planet, war, etc. I am European and saw something as simple as the price of clothing and bread increase. I think it's obviously due to supply issues. It costs more for the companies to make their products. So they don't hesitate to increase their prices. It's understandable. But the question is are we going to a real economic crisis? There are lots of poor people, it's going to be very tough. As much as I like Ukraine, I would hope there is a normalisation with Russia, so we can start buying their cheap gas again, and re-establish normal trade. A normalisation of the situation in Europe would bring inflation to more normal levels. The simple fact is that for the common European people, we can't afford war.

[@Tuemtuci]

We need humans to make and sell stuff.

[@KhanhLe-ru6mu]

The most important social obligation of a corporation is to maximize its profit

[@luddity]

That's an anti-social obligation to the shareholders because it often comes at the expense of customers, employees, and the neighborhoods that host them. If corporations were required to turn into worker-owned co-ops, that would all change.

[@crashweaverda]

So then NBC is part of the problem. Maybe they will have less commercials as a result.

[@handlewithcare1234]

but it is a fact that many corporations are reporting fantastic quarterly profits .... after costs. so.....

[@dariuselison7556]

How quickly will we free up our energy resources.

[@TheDCGuitar13]

You can’t defeat what was intended to happen. You can just pretend to. Similar to the war on drugs

[@23merlino]

yeah sure... you are aware this isn't just an american problem..? independent of political ideology high inflation is hitting most countries all over the world at the moment, the only exception i know of at the moment is switzerland...

[@TheDCGuitar13]

@@23merlino you are aware that every American problem becomes a world problem because everyone is reliant on the dollar to back their currency right?

[@23merlino]

@@TheDCGuitar13 - it's not as simple as you suggest... the us dollar is used internationally as a reserve curreny alongside others such as the yen, euro, pound, canadian and australian dollar, renminbi, swiss frank... anyways, all i was saying inflation is not just an american problem at the moment... almost all countries are suffering major inflation at the moment and that is happening independently of political ideology or fiscal policy... i agree that the worldwide inflation at the moment is partially caused by american fiscal policy ie; interest rates... however there are a lot of other factors in play as well ie; too much money in the system after QE, the aftermath of the covid pandemic, supply chain disruptions, energy price hikes, the war in ukraine, economic problems in china etc... i've been a fan of the usa since a kid... however, since becoming an adult many many decades ago i do realize that there is more to the world than just america...

[@anthonyfaucy2761]

@@23merlino Ironically Switzerland the country where alot of these elites live who want us peasants to own nothing and be happy

[@23merlino]

@@anthonyfaucy2761 - i'm sure that is true, there again it's also true of most western countries america included...

[@lusciouslucius]

are buybacks taxed?

[@jamesbrown1645]

Inflation Reduction Act added a 1% tax on stock buybacks.

[@auro1986]

who else? cnbc will make comics and readers will be lost in that world and believe inflation is solved

[@Helfirehydra]

I have an idea to fight inflation, force companies to pay for the expenditures, instead of making the consumers pay it, because these companies instead of giving consumers a break, and taking their record, profits and re-distributing it into the business, they will reduce the cost of the manufacturing written by reducing the size and quality of the product to increase per profits, and not read the distributor into the business

[@jaymzgaetz2006]

Inflation will never be defeated unless capitalism is regulated...and for that reason it will be.

[@dwoolf7019]

Real competition needs brought in. break up monopolies, duopoly. Start rejecting these mergers, acquisitions. I know a pipe dream, just saying.

[@GeorgeVCohea-dw7ou]

The Albertsons/Kroger merger will be bad for Walmart and atrocious for the American people of the Southwest. kzbin.info/www/bejne/mKepi2d5Z9ihb5Y I stay start there!

[@robertagren9360]

The real solution is forced low paid labour. We're very stupid creatures since we only value people based on months of accomplishments. If people are locked by covid for a year that labour force is considered consumed by the employers. To create labour a real crisis has to occur where a mega corporation is disclosed. They don't do it since it's not in their interest to help the country by ending companies. The shortage of services is forcing people back to work. For that reason what companies can do to help the economy is firing people in a very rapid event to ensure that they're as well able to employ them in a short amount of time. The shortages of services means that companies are needed and there's a demand. Right now there's no demand of anything that people are living on the streets as the society does not want anything and has no reason to obtain it.

[@craigenputtock]

So maybe the top executives of CNBC will take a pay cut?

[@number2and3]

Fed should not be influenced by politicians but they are big time. It’s a major issue

[@Laylow1315]

Inflation is a monetary phenomenon. Jpow isn’t getting the help he needs from congress or the current administration. Their is more pain to come

[@larrytyler823]

Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy. The fin-Market;s have underperformed the U.K and U.S economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $250k is down to $192k any recommendation;s to scale up my return;s during this crash will be highly appreciated.

[@aarononeal9830]

Cnbc needs to talk about Ecosia they are a search engine that plants trees

[@jjbdbd8279]

The ruined the economy in 3 months this is awful, we should’ve raised wages later

[@Modus_operandi]

The person that they are interviewing with the lowest quality microphone has the most to say

[@H3erobrineNotch]

Inflation is one of the signs of growth in the economy. Basic macro principle!

[@greg7811]

Whatever happened to investigative journalism? Show us some profit margins of the largest companies to support your arguement. Walmart profit margin 1.49% is not corporate greed. The increase in money supply from wreckless monatary and fiscal policy are the causes of the initial jump in inflation. Time to welcome back independent thinking.

[@yongchen4158]

Inflation investigation why so high supplies and demand marketing

[@tedstriker6743]

Just calling Jay Powell Arthur Burns now

[@ajlee613]

"the more inflation an industry saw, the more GROSS profits it saw" is this a mistake? or is this just purposeful misleading? because of course gross profit will increase if everything cost more. what is important is NET profit, after accounting for the higher price of goods.

[@losianoloveall]

gold and silver is the answe to your question.

[@Triadinteriorupgrades]

Please get rid of that creepy intro music, sounds like a soundtrack to put over footage of someone holding a knife in their face like chucky

[@TheoddLedgend]

There's this and they are also implementing planned obsolescence which means their making their products break faster. Ever notice and wonder why your boots and shoes are wearing out so fast?

[@Anthony-dj4nd]

It was the companies that printed all of the money

[@WIentertainment]

Troll?

[@anthonyfaucy2761]

The government prints money not corporations

[@Castle743]

Its time for workers unions

[@ninja.saywhat]

fkin hell anything about financial on youtube is being plagued by bots in the comment section "i turn my 1k into 1 million overnight courtesy of john smith, he's a great guy" 😂😂

[@stephengoehring2846]

Screw the tax just break up the monopolies.

[@merajfaiz]

I have personally decided to not buy stuff from companies that are raising prices! In fact I have made it a point to cancel all subscriptions services that raise prices on the day that they raise the price. People need to send a message.

[@Therealsupremeleader]

All they’re saying is that we need a high unemployment percentage in order to calm inflation less ppl earning money less shoppers in return supply will catch up with demand.

[@Rizky06]

Main Street's pain is Wall Street's gain.

[@robertagren9360]

Employments creates debts and printing of money.

[@loki76]

Stop talking about healtcare. That has nothing to do with inflation with groceries, retail and other consumer costs. This video completely veered off-topic and became about "big government" instead of inflation.

[@GeorgeVCohea-dw7ou]

Forget about climate change, if people are just going to be miserable and hopeless in the meantime.