The Uncensored Truth about Inflation - How Inflation Enriches Politicians and the 1%

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Academy of Ideas

Academy of Ideas

Жыл бұрын

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@academyofideas
@academyofideas Жыл бұрын
Support our work and access our entire catalogue of premium content - academyofideas.com/members/
@goodgoyim9459
@goodgoyim9459 Жыл бұрын
who runs and controls the central banks, financial institutions politics and media?
@clearintentions6182
@clearintentions6182 Жыл бұрын
bro there is so much more. Love your great works. kzbin.info/www/bejne/aHmtk2iNep2laNE
@Spanu96
@Spanu96 Жыл бұрын
Since governments print money on demand, I don't see why we should pay taxes anymore like energy, gas, and water payments are not enough, they all come with taxes. The only reason taxes were invented in the first place was to get money in order to repair buildings, streets, hospitals etc, and when one decided to better print then wait for taxes to catch up, there should be no reason to force people to keep paying taxes.
@justinfreeman4614
@justinfreeman4614 Жыл бұрын
Yo isn't this a bit outside of your normal philosophy focus?
@squigglyarmz197
@squigglyarmz197 Жыл бұрын
​​@@goodgoyim9459 your mother?
@thebrightestawblack9993
@thebrightestawblack9993 Жыл бұрын
"We hang the petty thieves and appoint the great ones to public office." -Aesop
@Novastar.SaberCombat
@Novastar.SaberCombat Жыл бұрын
Yup. The most intelligent thieves and narcissists rule and run everything. Think about it. Look at EVERY world leader. Every superstar (whether film, TV, music, or otherwise). Every CEO--even the ones who get caught--such as Theranos chick, Bernie Madoff, and that Crypto creep. Slaves are too kind and ethical to hold whips. Let alone swing 'em. 💪😎✌️ Gotta leave that job to the big boys.
@briandbeaudin9166
@briandbeaudin9166 Жыл бұрын
👍
@reigns77.
@reigns77. Жыл бұрын
Spot on !!!
@Marcus_Sylvester
@Marcus_Sylvester Жыл бұрын
😂 The old Aesop was not a dummy!
@VeganSemihCyprus33
@VeganSemihCyprus33 Жыл бұрын
Don't you know that the technological civilization is a pyramid scheme? 👉 The Connections (2021) [short documentary] 🔥
@wauliepalnuts6134
@wauliepalnuts6134 Жыл бұрын
"Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair." - Sam Ewing
@nyrdybyrd1702
@nyrdybyrd1702 Жыл бұрын
*clears throat* A gratuity of twenty percent is customary.
@MattAngiono
@MattAngiono Жыл бұрын
You win by learning to cut your own hair... that is if you have any
@karyldavidkidd7111
@karyldavidkidd7111 Жыл бұрын
Thank you for the laugh!
@franksullivan1873
@franksullivan1873 Жыл бұрын
Lol,well put.
@bogorman6504
@bogorman6504 Жыл бұрын
Which was last week for some people.
@ANI-pn9ft
@ANI-pn9ft Жыл бұрын
*MSM:* "That's just a crazy conspiracy theory." *Also MSM:* "It's true and here's why it's a good thing."
@AleydisZeta
@AleydisZeta Жыл бұрын
That's how they duck the moral culpability and liability behind being caught in the lie, they have to sell the narrative instead. If someone sells you apples and you buy and eat it without being aware that the seller poisoned them, they'd face fraud and penalty... but instead if they say they're selling us poison apples and we STILL buy it and eat em anyway then that's unfortunately on us. That's why every pharmaceutical commercial lists off the "side effects", they're basically telling you that this medicine is going to poison you and if you are stupid enough to buy and use them anyway then they cannot be held liable and it's our fault. They do this specifically because they know how contracts or contract law works in objective reality, it's a psychological game and they play for keeps.
@kyrohowe3156
@kyrohowe3156 Жыл бұрын
Literal hypocrisy from MSM, typical
@aidengranahan3598
@aidengranahan3598 Жыл бұрын
Must be some truth going down here 1st 4 comment's have been taken down.
@mattf2545
@mattf2545 Жыл бұрын
Msm 🤡🤡🤡: "You should skip breakfast to save money"🤡🌎
@TheLuminousOne
@TheLuminousOne Жыл бұрын
MSM's ran by the global banking and economic monopolists that run the Western World.
@jaffasholva7738
@jaffasholva7738 Жыл бұрын
I'm turning 40 soon. I have asked many people in my life, but most had no idea what the central bank does or that it even exists. They have no idea how things work and they don't even care. Most people have absolute faith in a system they know nothing about and is eating them up. J Paul Getty had interesting things to say about this in his book. He basically said people have no idea how hard they are being screwed every day. They are helpless because of one simple thing. That is no more getting your gold from the bank to stop government from spending. So simple, but so true.
@ricardodelacrvz1400
@ricardodelacrvz1400 Жыл бұрын
the only solution to inflation is to spend on good investments so your total portfolio doesnt lose value. since cash is gonna lose value in the last years months of recession. I was scared to buy a car and I actually got in a good credit in 5 years my car is paid and Ill be paying way cheap per month compared to his initial (inflated) value. I wouldnt put money on ficticious businesses like digital currency since that is a volatile money pit but thats the trend nowadays. In 5 years we will be better than now for sure. People who bought their houses in the last 5 years made the biggest mistake since they shouldve waited for pick recession and not mid covid crisis lol. 2023 2024 is the turning point we should invest now before prosper time. buy when people are scared and save when people are confident consumers.
@mrmc2465
@mrmc2465 Жыл бұрын
What the name of the jp getty book? Thanks
@ZeusWillBack
@ZeusWillBack Жыл бұрын
well system is so complex not without reason.
@moony77
@moony77 Жыл бұрын
I heard a quote by Bush, Sr., saying something like, “if they knew what we were doing, they’d kill is!”
@jaffasholva7738
@jaffasholva7738 Жыл бұрын
@@mrmc2465 It's in his autobiography called As i see it.
@BrainKeener
@BrainKeener 11 ай бұрын
I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.
@EllenAbrex
@EllenAbrex 11 ай бұрын
I can’t focus on the long run when I should be retiring in 3years, you see I’ve got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/unstable market doesn’t provide any calculated risk opportunities to make profit?
@duane_29
@duane_29 11 ай бұрын
There are a lot of strategies to make tongue wetting profit especially in a down market, but such sophisticated trades can only be carried out by proper market experts
@theresahv
@theresahv 11 ай бұрын
I agree, my profit has been consistent no matter the market situation, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a subreddit, long story short, its been 2years now and I’ve gained over $850k following guidance from my investment adviser.
@DavidRiggs-dc7jk
@DavidRiggs-dc7jk 11 ай бұрын
@@theresahv I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you
@theresahv
@theresahv 11 ай бұрын
@@DavidRiggs-dc7jk My advisor is CHRISTINE JANE MCLEAN, She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision. I basically follow her trade pattern and haven’t regretted doing so
@noone3734
@noone3734 Жыл бұрын
Sir Josiah Stamp, director of the Bank of England during the years 1928-1941, makes the following statement with regard to banking, “The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and bom in sin. Bankers own the Earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough money to buy it back again... Take this great power away from them and all great fortunes like mine will disappear, and they ought to disappear, for then this would be a better and happier world to live in. But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit.”
@quietprofessional4557
@quietprofessional4557 Жыл бұрын
The book The Sumerian Swindle also explains how this scam that is central banking keeps people poor while the bankers remain the richest.
@noone3734
@noone3734 Жыл бұрын
@@quietprofessional4557 I read a little of it just now, and it seems to be a really stupid book written by a fool.
@noone3734
@noone3734 Жыл бұрын
@@quietprofessional4557 Anyone who thinks the Talmudic Rabbis worship the God of the old testament, is woefully ignorant of their religion.
@amandap9332
@amandap9332 Жыл бұрын
WE choose to be ruled by money. WE, together, can choose to stop. But, ONLY together. End the monetary system entirely and permanently. Adopt a resource based economy. If we don't, we are effectively ending the human race. In truth, im not even sure if we can be classified as human anymore due to the amount of plastic in our bodies. And all of that plastic is disrupting our ability to reproduce. The human species might not retain the ability to reproduce if we don't end money.
@TheLuminousOne
@TheLuminousOne Жыл бұрын
Yes the private monopolist banksters own the world and we are its slaves.
@bernardallen55
@bernardallen55 Жыл бұрын
That 99% of people had no idea what they were doing is demonstrated by the recent market catastrophe. With stocks, options, NFTs, and other financial instruments, anyone bought everything, made money, and overnight became experts. In any market, nothing is 100% certain; the only variable you have control over is your risk.
@danieljackson87
@danieljackson87 Жыл бұрын
Many people gain knowledge via mistakes. It's not a problem. Although there will be concern, the majority of traders are not economists, making this one of the best learning opportunities for this generation. For this reason, I have my funds well diversified with the assistance of a financial advisor Ruth Loralann Brennan
@danieljackson87
@danieljackson87 Жыл бұрын
@Davies McCamey You may look her up online and confirm her for yourself. She has extensive knowledge of the financial markets.
@andrewlogan7737
@andrewlogan7737 Жыл бұрын
@@danieljackson87 Thank you very much. Seeing her page allowed me to leave her a message.
@mysticmago7613
@mysticmago7613 Жыл бұрын
Yeah I lost a lot myself, but also learned to trade and now can generate income that way. probably the exception to the rule but some did learn to swim and will be the 1% of the next era
@waldog38
@waldog38 Жыл бұрын
You're absolutely right about. I've realized alot of the talking heads I who sounded so brillant during the past bull market are absolutely clueless about the overall markets. I've lost alot but I've learned quite a bit too. It stings but it's a risk i was willing to take rather than having some so called "financial expert" lose my money😂. So for me it's, get up, brush myself off and try again.
@Aziz__0
@Aziz__0 11 ай бұрын
I think though this was well put out, it isn't for me. Factoring a young mid income, short term minded person with constant need for cash, are these still recommended? I am new to all of these and have incurred so much losses, I am beginning to think I am not doing what is good for me but good for others
@sherryie2
@sherryie2 11 ай бұрын
I feel for you. New guys must realize the risks all these come with. You could lose everything and you could gain everything. It goes both ways. Secondly, what works for A must not necessarily work for B and you shouldn't be a bandwagon investor.
@kurttSchuster
@kurttSchuster 11 ай бұрын
@@sherryie2 Always make more thorough inquiries before putting your money somewhere or better still, get the services of a pro (that way, you give little room for error and get tailored investments). Made my first million earlier this year this way after a lot of trial and errors. Good luck!
@Mcllwain
@Mcllwain 11 ай бұрын
@@kurttSchuster Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
@kurttSchuster
@kurttSchuster 11 ай бұрын
@@Mcllwain Funny enough, I can honestly relate. It's not as easy as it may sound and requires some sacrifices but it is definitely rewarding. I don't know if I am permitted to go into details here, but her name is NICOLE DESIREE SIMON. Was in the news a lot in 2018. You may look her up for more.
@Mcllwain
@Mcllwain 11 ай бұрын
@@kurttSchuster Thank you for this tip, NICOLE appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
@kzrlgo
@kzrlgo Жыл бұрын
This channel is pure GOLD. It should be compulsory viewing at school... it adds more value than half the dated books
@Gotinha123
@Gotinha123 Жыл бұрын
Schools shouldn't exist. Especially when the goverment controls it.
@goodgoyim9459
@goodgoyim9459 Жыл бұрын
this channel is highly anti semitic including this video. cool it with the anti semitic comments.
@karmad.twelve6613
@karmad.twelve6613 Жыл бұрын
@@goodgoyim9459 I had a good laugh at this! I imagine you are joking, or trolling, either way, it's funny!
@bushy9780
@bushy9780 Жыл бұрын
pure gold, unlike a fiat currency
@MatheusDal10
@MatheusDal10 Жыл бұрын
​@@goodgoyim9459 funny, at least 25% of the authors quoted are jewish
@DevonExplorer
@DevonExplorer Жыл бұрын
This explains why certain super rich individuals in the UK government are giving loans to themselves! Interestingly, inflation was one of the factors involved in the downfall of Rome, the flood of money making some very rich whereas the vast majority couldn't even pay their rents due to the huge inflated prices along with farms no longer producing, which created famine conditions. Brilliant video, as always. :)
@NaNa-wj8tw
@NaNa-wj8tw Жыл бұрын
The loans to a few individuals in government is a side show. The main reasons are those pointed to here in regard can kicking by inflation and money printing. Inflation is the most heinous of crimes to the poorest most venerable in our societies. At the very least these ruling scum bags should run a tight ship so the poor aren't destroyed by it first but they do the opposite to avoid making the tough decisions which is the essence of good government. Today there are far too many happy to vote for freebies and handouts than to rectify this train wreck with any amount of pain at all. It's finished.
@puddintame7794
@puddintame7794 Жыл бұрын
Rome fell from corruption, bureaucracy and seigniorage (inflation because government steals from the coins themselves).
@jimcricket1
@jimcricket1 Жыл бұрын
Jesus called these money changers and merchants "a den of thieves"
@haroldcruz8550
@haroldcruz8550 Жыл бұрын
It explains why Small Hats like Janet Yelen,David M. Solomon, Larry Fink, Stephen Schwarzman, Chuck Schumer, Dianne Feinstein , Richard Blumenthal , Jeff Zients, Anthony Blinken, Victoria Nuland, Alejandro Mayorkas, Elena Kagan, John Donahoe, Robert Iger , Brad Grey, Peter Chernin are in their respective positions.
@wassimb456
@wassimb456 Жыл бұрын
@@haroldcruz8550 Oy Vey!
@Rochelletrem
@Rochelletrem 9 ай бұрын
Okay this is good, but With inflation running at a four-decade high, a Recession is now the ‘most likely outcome for the economy. How can I grow my portfolio to outpace inflation and maintain a successful long-term strategy? I have been reading of investors making about $250k profit in this current crashing market, and I need ideas on how to achieve similar profits
@DavidRiggs-dc7jk
@DavidRiggs-dc7jk 9 ай бұрын
You’re right! The current market might give opportunities to maximize profi.t, but in order to execute such effective transactions, you must be a skilled practitioner
@jeffery_Automotive
@jeffery_Automotive 9 ай бұрын
On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my port-folio this red season. I’ve made over $150k since then
@berkrix4312
@berkrix4312 9 ай бұрын
@@jeffery_Automotive Impressive! who is this individual guiding you? I lost over $40k just last week, so I’m in dire need of a financial-planner.
@jeffery_Automotive
@jeffery_Automotive 9 ай бұрын
Can't reveal much, but the advisor guiding me is Julie Anne Hoover. She has gained a good deal of expertise over the past two decades in the financial system and her credentials speak for itself, you can simply look her up.
@berkrix4312
@berkrix4312 9 ай бұрын
@@jeffery_Automotive Thanks a lot man, I just looked her up and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. Hope she responds soon
@TraLuna
@TraLuna Жыл бұрын
Replace the word "economy" with "wealthy yacht owners" and it works. Someone said that, "we should look at kitchen tables instead of Wallstreet to know how the economy is doing."
@allesdurchprobiert
@allesdurchprobiert Жыл бұрын
Exactly! I always found it absurd that a country could be called rich, when 80% work sick and barely get by, just because the country also hosts 5000 multi millionaires and 50 billionaires.
@dwargonedragon794
@dwargonedragon794 Жыл бұрын
​@@allesdurchprobiert And a lot of teenagers/college students doing part-time instead of focusing on their studies, playing sports, forming a dance group/band, etc. I can't feel the youthful energy here in the developed country compared to when I visited a country in Southeast Asia.
@debanydoombringer1385
@debanydoombringer1385 Жыл бұрын
@@dwargonedragon794 I'm confused. Do you think they are doing those things in under developed countries? My sons are 23 and 24 and those things were going on when they were teenagers just a few years ago. Hardly anyone had a job vs when I grew up in the 80s and most teenagers had a job. Perhaps you can't "feel the energy" because you're not personally connected to it by people in your life. Music isn't as interesting to the youth as it once was. Now it's art and creating video games and apps.
@debanydoombringer1385
@debanydoombringer1385 Жыл бұрын
@@allesdurchprobiert That's not what makes a country rich. The poorest person in a rich country has things only the wealthy in other countries have. Cell phones, internet access, housing, food (no one starves to death in rich countries except from abuse), etc. It has nothing to do with anything you mentioned. The entire population of the US would be considered in the top 1% of the world in terms of wealth. $2 a day is considered poverty on a global scale. Even homeless beggars on the streets make more than that in the US. Ads talking about feeding the poor say "goes hungry" rather than "are starving". It's that they have a single meal a day, where as in most countries it's they only have food a couple of times a week. Famine isn't even a slight concern where as it's a very real concern for the majority of countries. That's what determines the wealth of a country.
@dwargonedragon794
@dwargonedragon794 Жыл бұрын
@@debanydoombringer1385 Well, I came to a conclusion. Most teenagers in that country I visited can't afford gaming laptops/computers so they tend to go out more and do sports/dance clubs/bands. Teenagers here would rather get a part-time to buy games or something. Big difference when you go outdoors here vs there. It's just way more livelier, noisier, and messier.
@THETRIVIALTHINGS
@THETRIVIALTHINGS Жыл бұрын
This is A 10x more educational video than most big economics channels. This needs more views. This is education. The one that all of us need right now. Especially the young generations.
@VeganSemihCyprus33
@VeganSemihCyprus33 Жыл бұрын
Don't you know that the technological civilization is a pyramid scheme? 👉 The Connections (2021) [short documentary] 🔥
@gJonii
@gJonii Жыл бұрын
It's also biased, poorly sourced and full of half-truths, strawmen and oversimplifications used to sell simple ideas to laypeople lacking the knowledge to question these issues.
@huwhitecavebeast1972
@huwhitecavebeast1972 Жыл бұрын
He said something that is absolutely untrue: He said governments/politicians create the money and set financial policy. This could not be more wrong. It is created by central bankers, and central banks are NOT part of the government nor are they controlled by politicians!
@THETRIVIALTHINGS
@THETRIVIALTHINGS Жыл бұрын
@@huwhitecavebeast1972 They work in tandem with one another. They set policies that benefit both.
@pyros4333
@pyros4333 Жыл бұрын
​@@gJonii do you have a clear explanation of whether or not this is accurate? A refutation?
@snippletrap
@snippletrap Жыл бұрын
Let's print money and give it to our buddies to buy up stocks and housing
@brushstroke3733
@brushstroke3733 Жыл бұрын
Give it to *ourselves* and our buddies.
@akazicool87
@akazicool87 Жыл бұрын
​@@brushstroke3733 that sounds better
@abel7741
@abel7741 Жыл бұрын
Quantitative easing baby!!
@VeganSemihCyprus33
@VeganSemihCyprus33 Жыл бұрын
Don't you know that the technological civilization is a pyramid scheme? 👉 The Connections (2021) [short documentary] 🔥
@Waldo-Manfred
@Waldo-Manfred Жыл бұрын
they are not gonna get away with this.
@anamericanentrepreneur
@anamericanentrepreneur Жыл бұрын
I’ve always looked at inflation as purely man made to keep the masses barely alive. Think of it as moving the goal posts when too many start living too good.
@5400bowen
@5400bowen 10 ай бұрын
Moving the goal posts..you got it right. A shell game.
@corneliajennins5714
@corneliajennins5714 Жыл бұрын
The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than €25,000 a year. My primary concern is how to grow my reserve of €300k which has been sitting duck since forever with zero to no gains.
@Robertgriffinne
@Robertgriffinne Жыл бұрын
please how can i find the lady you mentioned'?
@TheEmpressPalpatine
@TheEmpressPalpatine Жыл бұрын
@Brett Atkinson Check out James Rickards. That is what he does.
@Dave-yw2wc
@Dave-yw2wc Жыл бұрын
In U.S we have the highest standard of living in our countries history. The poor have what 30 years ago even the middle class couldn't afford. That being said the high inflation has really hurt the middle class. Certainly if they'd quit printing money it would reduce the wealth gap and help level the field.
@anthonyrodriguez2413
@anthonyrodriguez2413 Жыл бұрын
Poor people in America have smart phones, are fat, have heating and cooling….try being poor in another country.
@BobbySKeight
@BobbySKeight Жыл бұрын
Thank you for making this video. This is one of the most important issues of our times that almost no one understands. Most people look at you like you're crazy if you try to explain this to them.
@josephasghar
@josephasghar Жыл бұрын
If you taught this in schools, we’d have a revolution on our hands.
@junfour
@junfour Жыл бұрын
No. We wouldn't. People would hear the truth, understand it, and then carry on with their lives despite the cognitive dissonance.
@squigglyarmz197
@squigglyarmz197 Жыл бұрын
Yeah ok, teach kids cherry picked philosophy that leaves out some of the most important thinkers in history and replaces them with only Nietzsche and Jung. Make them all super depressed and misanthropic the rest of their lives, if they don't off themselves halfway through the course that is.
@craigdaurizio686
@craigdaurizio686 Жыл бұрын
@@junfour Correct, because they can't reconcile that they have an adversary. If an agreement is made that there's an adversary, then logically something would have to be done about it. And most aren't willing or knowledgeable enough to do so.
@MrEdrftgyuji
@MrEdrftgyuji Жыл бұрын
​@@squigglyarmz197 School does a good job of that already, making the children depressed and misanthropic by pushing all of the leftist pet projects above all else, making the children feel guilty for events that took place long before their grandparents were born, or for things that don't even exist (e.g. climate change).
@squigglyarmz197
@squigglyarmz197 Жыл бұрын
@@MrEdrftgyuji Nietzsche isn't for kids
@xyzct
@xyzct Жыл бұрын
Inflation benefits debtors, while kicking savers (and lenders of savings) in the nutsicles.
@puddintame7794
@puddintame7794 Жыл бұрын
Rewarding vice and punishing virtue.
@cesaryaelmurillo4367
@cesaryaelmurillo4367 Жыл бұрын
@@puddintame7794Vice? Man please go learn about money first, all money is fiat = debt, you need to learn how to use it and leverage it. Good debt is awesome, bad debt is the vice and only ignorants use that last one.
@laaaliiiluuu
@laaaliiiluuu Жыл бұрын
@@cesaryaelmurillo4367 There is no such thing as good debt because in a fractural reserve banking system every loan is created out of nothing but thin air on top of which the banks even want interest!
@puddintame7794
@puddintame7794 Жыл бұрын
@@cesaryaelmurillo4367 Justify it any way you want.
@abel7741
@abel7741 Жыл бұрын
@@puddintame7794 No he’s right. We live in a debt-monetary system. We are in debt the second we come out the womb and are introduced to Capitalist Americe with a name tag. We must work. We must pay. Because our existence as consumers demands we partake in our common “duty”.
@enlightenedphilosophers
@enlightenedphilosophers Жыл бұрын
I love every video of "Academy of Ideas". This channel is a life saviour for me❤️❤️❤️🙏.
@VeganSemihCyprus33
@VeganSemihCyprus33 Жыл бұрын
Don't you know that the technological civilization is a pyramid scheme? 👉 The Connections (2021) [short documentary] 🔥
@mrmagoo9901
@mrmagoo9901 Жыл бұрын
"The way to crush the bourgeoisie (middle class) is to grind them between the millstones of taxation and inflation." Vladimir Lenin...
@mrmagoo9901
@mrmagoo9901 Жыл бұрын
Julian Hilgemann...Depending on Google for accurate information is your first mistake. Please tell me you didn't use 'Snopes'...lol... Censorship today and the rewriting of history has never been so evident. Good luck and have a nice day!
@comradehogan7636
@comradehogan7636 Жыл бұрын
You mean petty bourgeoisie
@fuckgoogle6010
@fuckgoogle6010 Жыл бұрын
@Comrade Hogan... communist definition of bourgeois is anyone who doesn't support the party, petty or otherwise.
@TheMattj88
@TheMattj88 Жыл бұрын
@@hyperadapted Because google has never been caught censoring information, right?
@mrmagoo9901
@mrmagoo9901 Жыл бұрын
Julian Hilgemann... Congratulations for your indoctrination is complete! Sounds like brainwashed to me...
@indicatorhunter4500
@indicatorhunter4500 Жыл бұрын
I recommend reading a booked called The Creature from Jekyll Island, written by G Edward Griffin. Explains inflation and also how the money supply is used by the rich to influence the poor.
@sciagurrato1831
@sciagurrato1831 Жыл бұрын
A great book and true classic. The degeneracy that began in 1913 was warned against from the very beginning but W Wilson and his financiers were determined to destroy the historic America and its people.
@KONYLOVESKIDS
@KONYLOVESKIDS Жыл бұрын
Doesnt name the root problem tho
@KONYLOVESKIDS
@KONYLOVESKIDS Жыл бұрын
Kanye is right about the Brazilians at the fed
@KONYLOVESKIDS
@KONYLOVESKIDS Жыл бұрын
I reccomend reading a book called: THE PROTOCOLS OF THE LEARNED ELDERS OF ZION.
@alohi79
@alohi79 Жыл бұрын
Great book. Should be required reading in every school.
@epsilon3821
@epsilon3821 Жыл бұрын
As soon as I saw the first quote, I just knew after 7 years of being subbed to AoI, this channel really is the best. I never knew about austrian economics before this channel but a couple years ago I was enlightened and now, with this video, it's like the pieces finally came together. At this point I already knew about economic fallacies, but if not for AoI priming my thinking way before this video and before I studied economics, I would not be the focused individual I wanted to be. Academy of Ideas, never stop uploading. I credit my journey to you, keep giving others signs.
@connorleblanc5435
@connorleblanc5435 9 ай бұрын
I wish I studied economics in school, about to graduate with a business degree with no desire use it to work for corporation or government.
@jensengreen9979
@jensengreen9979 Жыл бұрын
The way I see it this recession most likely has an external cause. The United States is losing influence as a federal currency for the first time in decades. They don't have any more economies to utilize to control their inflation, and less money is being spent on stock and oil trading than previously. They all lend credence to the hypothesis that a new multilateral world order may be in the works.
@kendralarsen8906
@kendralarsen8906 Жыл бұрын
The professionals are crushing it right now because they have both the necessary approach to pull off a profit in this market plus access to insider market knowledge that isn't made public.
@valentinarobinson1210
@valentinarobinson1210 Жыл бұрын
@@kendralarsen8906 Its vital you make sure to Keep this in your back of mind guys. There are both happy and unhappy days. It's a zero-sum game, but always remember this advice: Spend carefully, invest intelligently, and diversify your holdings so that when one performs poorly, the others will. You can do this by hiring a knowledgeable specialist whose platform offers a variety of investment options. You leave little space for regrets by doing this, and you might even gain more.
@robinsawyer9541
@robinsawyer9541 Жыл бұрын
@@valentinarobinson1210 Very true, I diversified my 77K portfolio across multiple market with the aid of an Investment-Adviser & I have been able to generate over 433k in net profit across high dividend yield stocks, ETF and bonds in few months.
@jensengreen9979
@jensengreen9979 Жыл бұрын
@@robinsawyer9541 Please would you mind suggesting a professional with a variety of investment options? extremely rare, and I eagerly await your response.
@robinsawyer9541
@robinsawyer9541 Жыл бұрын
@@jensengreen9979 Funny that you brought that up. I'm not sure whether I can say this, but look up Sharon Madorsky Davison..... she received a lot of press in 2020. She also manages my portfolio.
@joshm8661
@joshm8661 Жыл бұрын
I'm so glad I came across this channel because it's so on point these days and breaks it down and is very informative and important.
@VeganSemihCyprus33
@VeganSemihCyprus33 Жыл бұрын
Don't you know that the technological civilization is a pyramid scheme? 👉 The Connections (2021) [short documentary] 🔥
@krabbanshand
@krabbanshand 11 ай бұрын
I run a few kids channels, starting one that will focus on pure educational value such as this but for our younglings. I'll definitely try to melt this one of yours down into a child-friendly version. Thank you for the work you do mate. Long time follower!
@pyroboobysmith359
@pyroboobysmith359 Жыл бұрын
We need a new word order alright and it does not include politicians.
@edgarfoerster9831
@edgarfoerster9831 Жыл бұрын
🎯
@elJossu
@elJossu Жыл бұрын
Or bankers
@edgarfoerster9831
@edgarfoerster9831 Жыл бұрын
@@elJossu 💯
@Tanngarth
@Tanngarth Жыл бұрын
and who makes decisions then? Nobody? Every decision made by democratic force as a huge waste of time for everybody? ... Criticizing one system as a whole is only possible by providing a better one. Otherwise the actual one IS the best.
@edgarfoerster9831
@edgarfoerster9831 Жыл бұрын
@@Tanngarth #NaturalLaw #MakeYourOwn #WeWill
@philosophicaltrainer2610
@philosophicaltrainer2610 Жыл бұрын
The problem isn't that they gave a little money to the poor, the problem is they gave 99.99% of money to the 1%. My biggest issue with people disparaging monetary policy from governments is that it's framed like, "The $200 food stamps are the cause of inflation", rather than, "$900 billion Military budget is causing inflation" or "$4 trillion stimulus package which went to corporations is causing inflation".
@DigitalDuelist
@DigitalDuelist Жыл бұрын
You should talk about how money is created out of debt making it impossible to ever pay off, discuss fractional reserve lending and the the repeal of glass steagall led to the 07-08 crash *This needs to be a multi-part series
@edh2246
@edh2246 Жыл бұрын
Agreed!
@debanydoombringer1385
@debanydoombringer1385 Жыл бұрын
That was known in 2008 after the housing crash. It's a bit late to discuss that now. We've paid off our debt except our mortgage which we'll pay off in half the time because we double our monthly payments. It's living beyond your means and accumulating debt you can't afford that causes you to become trapped in it. Don't get fluctuating interest rate loans, only get fixed rates. Yes it's a bit higher rate, but it's stable and isn't impacted by whims of the fed.
@andrewgeissinger5242
@andrewgeissinger5242 Жыл бұрын
The Austrian economists like the ones this video quotes would say that it wasn't repeal of Glass-Steagall that led to the crash in 2007-2008, but rather it was the inflation (expansion of the money supply) which encouraged unsustainably risky investments which caused it.
@FelixSkura
@FelixSkura Жыл бұрын
"It is not enough to succeed. Others must fail." - Gore Vidal
@ahmeteminerdogan9266
@ahmeteminerdogan9266 Жыл бұрын
"I have a competition in me. I want no one else to succeed. I hate most people."
@haroldcruz8550
@haroldcruz8550 Жыл бұрын
That's called the Small Hat principle.
@ljt3084
@ljt3084 Жыл бұрын
@@haroldcruz8550 Its the usual playbook of a narcissistic personality. I once had a girlfriend, a career driven city financial type who when commenting about her ex said more than once, I didn't want him but i didn't want anyone else to have him either.. Toxic people.
@Novastar.SaberCombat
@Novastar.SaberCombat Жыл бұрын
One of my exes acted exactly like Amber Heard. Watching the Depp v Heard depositions were astoundingly familiar; no joke. She was violent, too. I did my best to get her to just TRY legitimate therapy, or to accept herself for who she was, get off the sauce, and accept others for who *they* were as well. It was a *huge* mistake to even try. NPDers can't be reasoned with, and they want everyone and everything to burn except themselves (sort of, because they seem to want THAT too). It's a bloody disaster, lol! Narcissists are unfortunately SUPER common now. I'd estimate that at least 30% or more of the population are toxic narcissists. Avoiding their collateral damage is nearly impossible, though.
@VeganSemihCyprus33
@VeganSemihCyprus33 Жыл бұрын
Don't you know that the technological civilization is a pyramid scheme? 👉 The Connections (2021) [short documentary] 🔥
@alb0infern047
@alb0infern047 Жыл бұрын
Fiat currency will be a hard learned lesson for modern people.
@et_bell
@et_bell Жыл бұрын
Not only inflation, but household debts are also at an alarming level. The bulk presence of big banks in consumer loan segment is a sign of a storm brewing beneath the surface. This is what centralized powers want - a swirl of cheap money, more consumption, more taxes; yet the standard of living remains where it was 20 years ago.
@debanydoombringer1385
@debanydoombringer1385 Жыл бұрын
That would cause the standard of living to increase not remain stable. As things become more expensive, the standard of living goes up because money no longer can purchase what it did before. Incomes do not rise at the same rate as inflation during an inflationary period so people drop into a lower class than they could afford before.
@Ignorantintellectual
@Ignorantintellectual 11 ай бұрын
This the main reason too why the west hates Islam.. loans with interest are against the religion for both the recipient and the provider. That alone would destroy the facade of wealth in America
@christopherhumphrey
@christopherhumphrey Жыл бұрын
A reminder to folks that the price of gold doesn't go up or down but the money it takes to purchase it does. In 2001 the average price for one ounce of gold was $310.00. Today it's over $1800.00. That's how much our money has depreciated. Thanks for the video.
@randyosborne3971
@randyosborne3971 Жыл бұрын
And it's manipulated again by government rigging gold futures to the government's advantage.
@cyberft
@cyberft Жыл бұрын
Lol. So the price of gold does go up and down if the money necessary to purchase it does.
@derschwarzbrennerausdember8746
@derschwarzbrennerausdember8746 Жыл бұрын
@@cyberft yes
@cyberft
@cyberft Жыл бұрын
@@derschwarzbrennerausdember8746 so was OP trying to sound intelligent?
@derschwarzbrennerausdember8746
@derschwarzbrennerausdember8746 Жыл бұрын
@@cyberft what does "OP" mean? I´m not a native speaker but willing to learn.
@anthonyolea2122
@anthonyolea2122 Жыл бұрын
This is the type of information that you can't unlearn..
@jurizachriat3648
@jurizachriat3648 Жыл бұрын
But you should. Because it's wrong. Inflation is a needed mechanism of the market. The Central bank have the Task to keep the economy going. Mistakes have been Made, but is still the right system
@thepeatboggy
@thepeatboggy Жыл бұрын
@@jurizachriat3648 inflation only exists because governments spend money they don’t have I don’t see how this is necessary
@jurizachriat3648
@jurizachriat3648 Жыл бұрын
@@thepeatboggy we need a constant Inflation of 2 percent for a growing and working economy. There for Investments makes sence. The government DOESN'T cause the inflation by spreading money. At the opposite, it's the Task of the Central bank to Control Inflation and keep it at 2 percent. The Inflation right now is caused by the raising Energy prices due to the Export Stop of russian Energy, dir example.
@jayleeper1512
@jayleeper1512 Жыл бұрын
When Woodrow Wilson signed the legislation creating the Federal Reserve, he initiated the beginning of the end. The coup de gras came when Richard Nixon removed our currency from the gold standard, something that made it difficult to print money out of thin air. What we see today is the logical conclusion of these acts and the inevitable instability of the monetary system that results. The end started in 2008 and as the fed tried to match the inflation it caused to the natural deflation in the real economy, it just became a matter of time until it all spiraled out of control. We are at that stage now. But, through all of this, the 1% managed to garner a much larger slice of the pie. Ain’t that America.
@mikeg9117
@mikeg9117 Жыл бұрын
Wow! Best video I've found about inflation. You took a very complicated topic and made it as simple as I think possible to explain in a short amount time. I will be showing this to my high school personal finance class that I teach. Thanks!
@DanHammonds
@DanHammonds Жыл бұрын
Very educational as always. I didn't know much of this until now and you've given me a completely new perspective.
@piercengwezhe7076
@piercengwezhe7076 Жыл бұрын
I have finally understood inflammation today, thank you.
@bezo8169
@bezo8169 Жыл бұрын
THANK YOU!!!! The first 45 seconds says it all, but you'll never hear that. Keep doing what you do
@rodk691
@rodk691 Жыл бұрын
The average person has no idea of how the transfer of energy works, as it is extracted through laboring being compensated with worthless paper, thus the Not Federal, No Reserves debt note.
@UniMatrix_1
@UniMatrix_1 Жыл бұрын
AOI is becoming more Based as time goes in and I'm all here for it 🙌
@AdamFraserTv
@AdamFraserTv Жыл бұрын
What do you mean by based ?
@johnmanole4779
@johnmanole4779 Жыл бұрын
​@@wraithstrongopark yeah, those who are "based" tend to be the most "unbased" on reality. Like Andrew Tate. He's "based" so long he says the correct buzzwords that some of the unintelligent people (the others are communists) recognise and start salivating at.
@chrisreeves3820
@chrisreeves3820 Жыл бұрын
Word. Somebody else already said it; based is just short for based in reality
@herotolegend
@herotolegend Жыл бұрын
Always was my friend.
@dw309
@dw309 Жыл бұрын
Is “based” the antithesis to woke?
@beverlyhills7883
@beverlyhills7883 Жыл бұрын
One of the very best channels on KZbin. Thank you!
@philipmurphy2
@philipmurphy2 Жыл бұрын
This channel lives up to its name for sure.
@bobbywilson9468
@bobbywilson9468 Жыл бұрын
The Truth Will set you Free!!! Stay Strong/Safe 🙏🏼💪🏽💯!!! Be Blessed and a Blessing.
@bulbakip6380
@bulbakip6380 Жыл бұрын
Ahem, our whole society has been structured by the rich and powerful to benefit the rich a powerful. Even our holidays.
@elid3906
@elid3906 Жыл бұрын
Ahem....💯CORRECT
@SC-gw8np
@SC-gw8np Жыл бұрын
Yeah our entire lives are a pyramid scheme - almost all the wealth goes to the top.
@albinlindmark1383
@albinlindmark1383 Жыл бұрын
Wonderful, you've done it again! Thank you!
@Shini1984
@Shini1984 Жыл бұрын
This shouldn't be a niche video on KZbin. This should be textbook material taught in all schools.
@stefan-stocksmadesimple5241
@stefan-stocksmadesimple5241 Жыл бұрын
For ages it's been about money and power... You think all of a sudden the masses will start rebelling that..? No, they just watch a movie and forget about everything 🤫🤫
@andredelacerdasantos4439
@andredelacerdasantos4439 Жыл бұрын
Reminder that the French Revolution happened
@stefan-stocksmadesimple5241
@stefan-stocksmadesimple5241 Жыл бұрын
@@andredelacerdasantos4439 You're right. The French do seem much more prosperous, free, and happy than the rest of the world, without having governing bodies.. Wait, that's not it..
@dookieboy2106
@dookieboy2106 Жыл бұрын
Inflation shows the wizards hands .
@hemidas
@hemidas Жыл бұрын
Bread and Circuses.
@andredelacerdasantos4439
@andredelacerdasantos4439 Жыл бұрын
A lot of rich people were decapitated during the French Revolution which demonstrates that the people will revolt and take charge if they understand that they have the power.
@wraithstrongopark
@wraithstrongopark Жыл бұрын
this channel always lives up to it's name!
@davidepatti4835
@davidepatti4835 Жыл бұрын
*Its
@thegoodoldways
@thegoodoldways Жыл бұрын
These comments are so comforting and make me feel like we are not alone. Thank you for your posts.
@goofy9565
@goofy9565 Жыл бұрын
Where I live the older generations own 2-3 houses despite having been an ordinary factory floor worker their whole life while not even a 45 year old surgeon can afford their first house today.
@GenerationX1984
@GenerationX1984 11 ай бұрын
And that's why baby boomers will always be out of touch and blame the younger generations for being poor. They have no clue.
@Nexofas
@Nexofas Жыл бұрын
Your video made me realize why my country (turkey/turkiye) is the way it is. Why hyperinflation keeps persisting and why Prime Minister Erdogan keeps insisting on decreasing the interest rates as a "solution" to inflation.
@target3842
@target3842 Жыл бұрын
Follow the price of silver in the Turkish Lira. It will be a global thing soon.
@cazwalt9013
@cazwalt9013 Жыл бұрын
Plus he tells people to give their dollars for liras which takes away power from people even more and if you don't you're a traitor plus he uses religion for that
@TheJeremyKentBGross
@TheJeremyKentBGross Жыл бұрын
Most countries are doing this, and it's just theft, albeit at the most massive scale imaginable from all of society. It should be outlawed by pain of death.
@Nexofas
@Nexofas Жыл бұрын
@@TheJeremyKentBGross the last sentence summarized it all well. What people can spend their at is just the essential basic needs. Food and housing. I dont remember when was the last time I bought alcohol or went to a cinema. It was a normal thing to do back in the days. Not now....
@daddymcsnacks_561
@daddymcsnacks_561 Жыл бұрын
I came across a video that goes in-depth about central banking and because the US has so much debt compared to GDP that they'll have to continue this way to avoid the crash. Or at least politicians will find reasons to continue to print new money. I'm not a fan for "too big to fail" thinking. Mostly because if I had a business and I mismanaged it, nobody is coming to save me. So why do tax payers and the little people of this country get stuck with the bill after their party? Something has got to change...
@DigitalDuelist
@DigitalDuelist Жыл бұрын
As one of the original subs of this channel I love stopping by from time to time to appreciate its growth. There are almost 1 million of us subbed, thinking and sharing these ideas now. Change is coming!
@enochsadventures
@enochsadventures Жыл бұрын
The wealth of a nation is its people, but our masters treat us worse than cattle. As a Christian all I can do is be better in my own acts, and when I have children raise them to be even better than me. There are not enough people in the world that understand necessity, reason, and morality all at once, and an unfortunate amount that understand none at all.
@cominoengenharia
@cominoengenharia Жыл бұрын
Love how the 'and' is put to distinguish Polititians AND 'the 1%', as if that '1%' weren't the controllers of politics or the politicians themselves in many cases. Love how they devise an abstract 'state' as if it was not a machine controlled by the 1%. As if market was somehow invisible and innocent.
@comradehogan7636
@comradehogan7636 Жыл бұрын
💯💯💯💯
@egrytznr8893
@egrytznr8893 Жыл бұрын
This channel only exists to spread right libertarianism and anarchocapitalism, whether the creators want to admit it or not. The channel creators desperately want the viewers to agree with them so they choose their words very carefully, weird how so-called individualists don't really want people to think for themselves. A lot of bad faith arguments are made on this channel lately, it used to be a better channel when they weren't so desperate and sad.
@bojanangjeleski138
@bojanangjeleski138 Жыл бұрын
@@egrytznr8893 Can you name few of those "bad faith arguments" ?
@egrytznr8893
@egrytznr8893 Жыл бұрын
@@bojanangjeleski138 this is one, I think op did a good job if explaining why. They use a lot of logical fallacies, like hasty generalizations and slippery slope fallacies. They say "most people" and "the west" constantly and I doubt they know "most people" and I doubt they've traveled far outside of Canada, maybe that's an unfair judgement on my part.
@shootingbricks8554
@shootingbricks8554 Жыл бұрын
The Fed and billionaires are the 1%. Even the Stock Markets with thousands of companies and millions of investors, doesn't go against the Fed.
@dantefernandodantezambrano7910
@dantefernandodantezambrano7910 Жыл бұрын
Such an interesting lecture. So Inflation is such a taxation the government imposes to people, for they pay up more than accustomed. The motto would be something like; "If I make this amount of money for you; then you shall pay the difference". A clear example of this was the inflation followed right after the stimulus checks.
@puddintame7794
@puddintame7794 Жыл бұрын
Stimulus induced inflation magnified by the shut downs induced supply shortages multiplied by logistics bottlenecks. All due to government ineptitude or malevolence.
@dantefernandodantezambrano7910
@dantefernandodantezambrano7910 Жыл бұрын
@@puddintame7794 the worst part is that most of people feel powerless before that. They just gotta accept the consequences and get used to such an "expensive cost of living "
@jurizachriat3648
@jurizachriat3648 Жыл бұрын
Inflation is No taxation. A certain Inflation is needed, to keep the economy alive. The Task of a Central bank is it, to keep the Inflation at a steady Level of about 2 percent. It is no extra taxation for the government. Look at the EU for example, their Central bank isn't even allowed to give money to the governments. Central Banks are about securing a stabile economy. Even though they have failed before
@dantefernandodantezambrano7910
@dantefernandodantezambrano7910 Жыл бұрын
@@jurizachriat3648 So how do you explain the inflation in the last couple of years? Do you think people should have paid more money than accustomed, and get poor in order to keep their lives steady? ; Obviously the government and high elites do not feel any inflation's impact because they have the financial resources to get through it, but the working people who have known how to get through life by working their butt 24/7, feel powerless when seeing how less money they've got due to prices' skyrocket every single day. All economists know that entering such a huge amount of money without being leveled will generate a high increase in rates eventually (AKA inflation). This may take quite a long time to be normalized, but it is the people who suffer the consequences of such inflation because each time they have less money to cover up their basic necessities. While prices skyrocket everyday; the economic situation is going wrong. This is a fact unlike Biden says otherwise.
@jurizachriat3648
@jurizachriat3648 Жыл бұрын
@@dantefernandodantezambrano7910 the Inflation increases because of the increasing prices for Energy, for example. Not because "elites" want you to stay poor. In contrary, the FED is fighting the inflation with High interest rates. For a working economy, the Inflation needs to be at about 2 percent per years. it is a declared goal
@gerardoperfors2645
@gerardoperfors2645 11 ай бұрын
Happy to hear how you have improved your narrative voice, it's much more pleasant to listen to than in earlier videos!
@clarestucki5151
@clarestucki5151 5 ай бұрын
This is by far the most accurate understanding and definition of the word "inflation". Almost every other analysis on the internet makes the error of equating the word "inflation" to being synonymous with "rising prices". Rising prices is the effect, but monetary inflation (defined as raising the ratio of the amount of money in circulation to the amount of goods and services in the market (aka GDP) is the cause.
@TheZafootz
@TheZafootz Жыл бұрын
Very Very well spoken! The part about the depression phase being apart of the cure was especially interesting I had never looked at it that way before. There's 1 idea I came up with that I think would be worth the effort to try and that is to recycle things like aluminum cans and scrap copper and/or any other soft valued metal and turn them into coins of face value of the metal they're made from. If a basic coin making machine could be built that could take things like aluminum cans or scrap copper and turn them into identical size and weight coins then using something like one of those machines you put a penny in and it smashes a picture or logo or w/e on it usually found at fairs and such but in this case it would be a brand of national wealth representation of the Country not representation of some private bank or government but representation of the wealth of the entire country and getting the public at large to do this is mass in turn creating their own wealth with the metals that they accumulate then this would begin creating a medium of exchange that could be controlled by the people and in turn taking back control of our monetary system. It is illegal to coin our own private coin money but if we all started coining money that represented a unified national wealth money system of the people, then this would not conflict with our constitution instead it would be building wealth and monetary gain for it. I am attempting to make a prototype of a basic coin making machine that can take aluminum cans and turn them into coins that can be used in voluntary exchange and I hope someday the idea will catch on to more people in the general public.
@__Wanderer
@__Wanderer Жыл бұрын
This is why our generation is one of the most disadvantaged in the last 100 years. By definition boomers came first and have been able to accrue significant wealth simply by being born early. Any boomer who bought a house now has something that is worth a significant amount more than their purchase price. Meanwhile wages have been stagnant for 15 years and the average millennial is struggling to even get on the property lader. We are already seeing the societal impacts by the imploding birth rates. Millennials don't and can't want/have children when a house is unaffordable / raising a child is now almost impossible as two people have to work to cover the bare necessities of life.
@karmad.twelve6613
@karmad.twelve6613 Жыл бұрын
Thank you! I've been learning from Rothbard for a few years now!
@MetalDeamon92
@MetalDeamon92 Жыл бұрын
Brilliant as always, thank you!
@chalinofalcone871
@chalinofalcone871 Жыл бұрын
"Slavery to monarchs and ministers, which the world will be long in freeing itself from, and whose deadly grasp stops the progress of the human mind, is not yet abolished." [A Vindication of the Rights of Women, Mary Wollstonecraft, 1797, 3: The Same Subject Continued] "For money is also a metaphor." [Understanding Media: The Extension of Man, Marshall McLuhan, 1964, Ch. 6: Media as Translators] "The only thing I found was a great heap of gold in one corner, gold of all kinds, Roman, and British, and Austrian, and Hungarian, and Greek and Turkish money, covered with a film of dust, as though it had lain long in the ground. None of it that I noticed was less than three hundred years old. There were also chains and ornaments, some jewelled, but all of them old and stained." [Dracula, Bram Stoker, 1897, Ch. 4]
@bajadrifter
@bajadrifter Жыл бұрын
Outstanding video! This is a HUGE issue and it needs more attention! Inflation is a form of theft.
@Rutledgp
@Rutledgp Жыл бұрын
Originally got into the school of Austrian economics back when Dr. Ron Paul ran in 2008 and was warning about the Fed. It is a shame to see where we have devolved to economically in the last decade - 15 years; big government begets more big government no matter who is running the show. Once that power is ceded, it is very difficult to reign back in. I think we will be in for a very rough wake up from the insane influx of dollars into the system with yearly government budget increases and from COVID. Also, if the dollar begins to lose it's reserve currency in the world with the petrodollar status, this will lead to more dollars making their way back home. Great content!
@youtubeismyjockey7581
@youtubeismyjockey7581 Жыл бұрын
Very well explained, thought I knew this topic inside out but you reviewed them for me and added a new perspective
@earlyosceola4736
@earlyosceola4736 Жыл бұрын
The Creature from Jekyll Island is a good book that goes in this in depth.
@DarwinianUniversal
@DarwinianUniversal Жыл бұрын
Very important work youre doing here, and you do it very well
@stanleymcomber4844
@stanleymcomber4844 11 ай бұрын
Thank you for your content. I’m at a tight time in my life right now, working to change that, but will try to give when I can.
@peterponcedeleon3368
@peterponcedeleon3368 Жыл бұрын
This is wonderful! The masses need to hear this.
@originalintent6916
@originalintent6916 Жыл бұрын
This was one of the best, most concise and easy to understand videos on inflation. Smash that LIKE button and share this!
@billyfighter6945
@billyfighter6945 Жыл бұрын
Disregarding all usury and international banking systems is essential for freedom and survival.
@jurizachriat3648
@jurizachriat3648 Жыл бұрын
Exactly
@110gotrek
@110gotrek Жыл бұрын
Thanks for making this video. This should be fundamental in everyone's concept about governments & economy.
@charlesdarwin4780
@charlesdarwin4780 Жыл бұрын
Very informative, thank you for spreading the message.
@budaraivoso
@budaraivoso Жыл бұрын
one thing left out: mainstream economist's justification for the _necessity_ of _controlled inflation_ is a deadly fear of generalized deflation. That hypothesis needs to be addressed more, because its a terrible one. One of the worst ones. And economic theory has lots of them.
@ywtcc
@ywtcc 11 ай бұрын
Non inflating currencies are very dysfunctional. A currency is primarily supposed to mediate transactions, it's not supposed to be a long term store of value. That's what bonds are for. If the value of money is going up (prices are going down), then why would anyone invest in a real business, when you can just hold on to cash and make more that way? In summary, if people are using your currency as an investment vehicle, then you're doing it wrong.
@budaraivoso
@budaraivoso 11 ай бұрын
so by your logic if we stop inflating everyone will stop producing. you will invest regardless because you can make more money that way, investing in businesses generate value hoarding does not, no matter what the inflation rate.
@ywtcc
@ywtcc 11 ай бұрын
@@budaraivoso What I said was if investors get a better rate of return for hording cash than they get for an investment such as stocks or bonds, then investors will favor hording cash. Investors like making easy money. It's really not a controversial statement. I don't know what "stop inflating" means. It sounds like you're misunderstanding the problem. I'm talking about comparing the rate of inflation with the rate of return on investment. Currencies don't have stable values, they're always inflating or deflating. There is no magic number the Fed can set as the appropriate inflation rate, they don't have that level of control over prices, and they don't know what the magic number is. It's why the Fed exists as an institution, they have to continually do their research to nudge the inflation rate in the right direction by issuing more or less currency. How do they know which direction to go? By comparing what's happening with the price of money with the rate of return on investment. If investors in your economy are favoring hording cash over investing in the real economy, there's no difference between that situation and a capital strike. Capital is greedy and socially irresponsible, and this situation is the perfect illustration of this. An economy based on hording cash instead of real investing is one in which the people holding onto money are doing nothing of social value with it. In fact, by sabotaging the currency, investors destroy social value when they horde cash. Long term, this is horrible for business, horrible for your economy, and horrible for your society. You want to live in a society where all the money goes to useless people that sit at home and do nothing? This is a society that doesn't reward work, its unjust, dysfunctional, and the monetary incentives are all wrong. From an economic perspective, it doesn't matter who has the money, it matters what they're doing with it. If you don't know how to make good use of your money, the government would rather it go to someone that does. That's the way it's supposed to be. Politically, the problem seems to be an inability for political leaders to criticize and be frank about the role of capital in the economy.
@budaraivoso
@budaraivoso 11 ай бұрын
@@ywtcc sorry i mispoke. I meant stop inflating the supply. I think you are spot on with most of what yoh said except 2 things: 1- if currency appreciates that is bad for the economy overall because its gonna lead to hoarding. I think firstly that depends on the timeframe you are considering. Markets are constantly cross correcting, if you look at a small enough time window you can say the same about any good: "if that good appreciates (or depreciates) its bad for the economy because of so and so". Economists tend to be for free markets except when it comes to money. Here we should go for central planing... i think that is fundamentally incoherent 2- because capital is greedy and socially irresponsible (which i agee 100%) we shoul delegate decisions about the most important aspect of economy (of society prob) to a dozen people (or whatever number) and the results are gonna be better by some magic implication. I, for instance, am from a country with a terrible record of policies, brasil. I tend to think the results are ultimately gonna be bad not just because of corruption and the agent problem, but because of de knowledge problem. Nice chat man, thank you for sharing knowledge with me
@nitemare1525
@nitemare1525 Жыл бұрын
Thank you for these videos
@user-qn6yt3zx3w
@user-qn6yt3zx3w Жыл бұрын
The truly insidious fact, is that money printing is always directed at the rich, while the masses pay for it (in the debasement/deflation of every dollar we have). Literal socialism for the rich, capitalism for the poor.
@vvv194
@vvv194 Жыл бұрын
For me, this was the summary of the Turkish economy. We are at the state of spending money as soon as we get it. We are also able to see people who don't deserve or have capacity to be rich are very rich and the rest is poor. Minimum wage is 8.500 liras per month while hunger limit is 9.425 liras per month for a family and poverty line is 30.700 liras.
@jasonsellers56
@jasonsellers56 Жыл бұрын
Thank you for making this excellent content for orange pilling even more people! 🧡
@RoyvanWensen
@RoyvanWensen Жыл бұрын
Bitcoin solves this 🤝
@squigglyarmz197
@squigglyarmz197 Жыл бұрын
I don't think the goal of this video is to get people to buy Bitcoin, I don't even think digital currency was mentioned. What a cringey take 😬
@S54VR6
@S54VR6 Жыл бұрын
@@squigglyarmz197 the best way to orange pill folks is not to pitch bitcoin but to identify the problems with current system and then the person will come to the conclusion themselves. Bitcoin or enslavement
@squigglyarmz197
@squigglyarmz197 Жыл бұрын
@@S54VR6 really? Have you heard what's happening to digital currency? They are regulating it. Also wasn't there a big crash just recently? Seems like anyone who wants to be wealthy long term from investing in digital currency needs to know when to cash out, or they risk losing it.
@freedomforusa
@freedomforusa Жыл бұрын
God Help Us All .... Alter or Abolish Extremely Corrupt Government ASAP.
@elJossu
@elJossu Жыл бұрын
Government isnt the root problem. Its the bankers
@elid3906
@elid3906 Жыл бұрын
💯THEY NEED TO BE SCARED OF THE ANGRY VILLAGERS ⚔️
@danielrizzo4927
@danielrizzo4927 11 ай бұрын
Congratulation on this excellent video! It helps to understand the concept of inflation and to clear all the distortions that it has nowadays.
@carboomtv1479
@carboomtv1479 Жыл бұрын
That was brilliant...You explained it all, very concisely.
@vantage789
@vantage789 Жыл бұрын
One of the best channels on KZbin. Keep it up. These are the the lessons people need to hear.
@alphabeta8403
@alphabeta8403 Жыл бұрын
5:00 Inflation = Taxation 7:30 Rich are the greatest beneficiary in money creation 10:00 Easy money = Drug 13:00 Everybody is anxious to swap money against REAL goods, no matter whether he needs them or not
@liyacarolyn6055
@liyacarolyn6055 Жыл бұрын
I fear we will face the biggest crash! But I should fear not and I should face it with courage and wisdom
@highlyillogical9399
@highlyillogical9399 Жыл бұрын
This system only leaves its citizens with one option to survive: earn more money. If you are willing to do whatever it takes to earn more money, either ethically or otherwise, you'll be rewarded. Everyday I wrestle with the prospect of earning higher income by exploiting others' ignorance or desperation. I chose not to do it. Unfortunately, many of the wealthiest people in the world got there because they have no concerns about the ethics of exploitation.
@kaitlyncranwick
@kaitlyncranwick 6 ай бұрын
The convergence of inflation, bank instability, an intense drought in the agricultural region, economic recession, scarcity of food, shortages in diesel fuel and heating oil, a lack of baby formula, limited availability and increased prices of automobiles, and rising living costs all suggest an impending disaster, possibly by the end of this year or even sooner. With inflation currently around 6%, my foremost worry is how to optimize my stagnant savings and retirement fund of approximately $300,000, which has seen negligible gains for an extended period.
@maggysterling33254
@maggysterling33254 6 ай бұрын
Government policies have neglected the future for decades. The day of reckoning is approaching, and I anticipate an 80% decline in the stock market. Investors are likely to shift from stocks to real estate, and banks may experience a shortage of funds. It is essential to develop a survival strategy in response to these imminent challenges.
@hunter-bourke21
@hunter-bourke21 6 ай бұрын
I agree. I have pulled in more than $435k since 2020 through my advisor. It pays off more in the long run to just pick quality stocks and ride with those stocks.
@maryHenokNft
@maryHenokNft 6 ай бұрын
@@hunter-bourke21 Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems.
@hunter-bourke21
@hunter-bourke21 6 ай бұрын
I'd like to give significant credit to *Mary Onita Wier* who maintains a strong online presence. You can easily find her through a web search. While there are some other individuals worth considering, it may be more challenging to locate them. In addition, Julia has provided excellent guidance throughout the year.
@StellaMaris-lv2uq
@StellaMaris-lv2uq 6 ай бұрын
Thank you, I copied and pasted his name on web browser and sent a email waiting for reply.
@cesaryaelmurillo4367
@cesaryaelmurillo4367 Жыл бұрын
My advice to everyone: learn the rules and how to use them to your advantage.
@kognitivescientist
@kognitivescientist Жыл бұрын
Who creates the rules? Who is served by that rules? They are also people and they have interests that can be opposite to yours. That’s important question to keep in mind. Not every rule exist to be blindly accepted by masses.
@cesaryaelmurillo4367
@cesaryaelmurillo4367 Жыл бұрын
@@kognitivescientist That's non-important. I don't care, as long as I can benefit from those laws (rules of the game) who cares. Just use the laws to your advantage, you can't change them by yourself, if you don't like the laws that are set in your country, move somewhere else or vote accordingly.
@paperweight57
@paperweight57 Жыл бұрын
Marvelous work!
@craigshelton5903
@craigshelton5903 Жыл бұрын
Most people do not understand the nature of fiat money. Most people fail to realize that the federal reserve (which is privately owned by the largest banks themselves) produces only 1-2% of the entire money supply; and, that the government produces only 1% of the money supply. Almost all people fail to realize that private sector banks, at the unit level, create 97% of all the money in our economy by "loaning" money into existence out-of-thin-air. Most people fail to realize that every dollar of private wealth requires its counterpart of one dollar of public debt (or positive foreign trade imbalance).
@guapodesperado2822
@guapodesperado2822 Жыл бұрын
No gonna lie, this is so true.
@gregmoore167
@gregmoore167 Жыл бұрын
If u haven't gotten any more of the newly pumped in money; u have been taxed, fact!
@elid3906
@elid3906 Жыл бұрын
EXACTLY IT IS 💯A TAX‼️
@roberthamill6326
@roberthamill6326 10 ай бұрын
Maybe the Best Video EVER !! .. It explains Clearly and very Simple how the Theft of Inflation is SOO Evil !!! Spread this Video as Everyone should see it !!!!
@Max-Stepanenko
@Max-Stepanenko Жыл бұрын
Well presented ideas. Thank you!
@JohnDoe-do8fh
@JohnDoe-do8fh Жыл бұрын
The people are waking up and achieving class consciousness.
@MyName-zd9pe
@MyName-zd9pe Жыл бұрын
God bless you all for sharing truth/facts. 🙏✝️🇺🇸
@LokiBeckonswow
@LokiBeckonswow Жыл бұрын
for anyone wanting to learn, the 1996 money masters documentary goes over a lot of the history around the corruption that is centralised banking - it includes quotes from abe lincoln, tom jefferson, otto von bismarck, and milton friedman among others, incredibly important information there!
@tomg4260
@tomg4260 Жыл бұрын
Every once in a while I see a video and wish I could hit the like button more than once, this is one of those videos.
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