Its not money that is causing the world recesion it is lack of recources mainly oil shortages, even gold will be useless to trade with if there are no goods to trade it for, its when more people chase fewer goods/recources that drives inflation, money is only paper and you cant eat gold...
Less government spending, less taxation to American Citizens, a budget plan that works.
This man has been fighting for your personal freedom and the separation of congress from big business for years. He stands against draconian bills like SOPA, NDAA and the Patriot Act.
He has fought against the war on drugs, the foreign wars, and corporate bail outs.
The most basic necessity of life is healthcare, not food or gas! People can last for a long time without food or gas, but life without healthcare is impossible. That is why we MUST have universal healthcare in America -- NOW!
@MortimerTheClueless , yes you are clueless. Without quality food you will NEED healthcare because of heath issues. If we focused on good food, getting the proper nutrients day to day, you will 100% see a decline in all diseases and reducing the "need" for heathcare.
notice the israeli comment f Ron Paul, they fear him! elect Ron Paul break the jewish power cycle, lobby aipac, bought politicians, laws of usury banking, media, and social brainwashing.
@Emmie949 Wow, that's clever. Can't think of any counterarguments, so i'll call the other guy an idiot. There is a reason why some people make money in the stock market and others don't. Obviously you'd rather whine than make money.
I don't see a causal relationship between the qe and inflation in consumer goods. I thought it was a flight of capital away from real estate and into commodities.
I dont think poor people even are thinking of getting the new iPad, they're thinking of if their are getting any food on their tables the next month, so get your ass out there Dudley and face the fact. Make a change.
Having stocks doesn't mean you make money from inflation. It just means that you are not degraded by it. A share in, say, Exon, is still worth a share if inflation hits 10 or 20%. Unless the companies have a lot of cash reserves. If that is the case, then that company IS hurt by high inflation. Apple, with it's high cash reserves, will be negatively impacted by inflation.
@M0rmagil The message of this video is why poor people cant buy stocks and get rid of inflation and why rich people get salary in stocks. Poor people are just doomed to deal with inflation because basic needs, like bread for example, never goes down in price, only UP. Thats why it is so hard to get out of the spiral of being poor, it takes generations!
Although the video is funny, it is tongue in cheek. If you are really interested in understanding the possibility of inflation, you need to understand the concept of money velocity.
I would like to take this opportunity to say thanks to the Federal Reserve, not only for fucking up the strongest economy in the world, but for also fucking up the global economy too. Thanks guys, for well and truly fucking 95% of the worlds population in the ass.
Just so people don't believe this. Inflation doesn't make the values of stocks increase. If anything inflation makes the value of investments go down because whatever interest rate your bond for example is getting will decrease in real value because of inflation.
As for why QE occurs, it's because it puts liquidity into the market, which increases GDP growth and reduces unemployment.
@milnekevin QE is like throwing a lick of paint over an old rusty motor, at first the car looks like brand new but after a few months the rust starts to show again and the problem has become much much worse.
coming from a poor person, who is also educated...I think the video is brilliant. However, I think the research I've had to do on QE to write my paper on THIS video is pretty stupid. QE in and of itself is pretty stupid. And I agree with Omid - this is the beginning of the fall of Rome. We pulled ourselves out of this in earlier years because we were smart enuff to watch ourselves - now we just want to spend, spend, spend.
Firstly, inflationary growth in stock or any asset prices doesn't actually increase wealth (i.e. this is NOT why Wall St bankers or CEOs support QE). You end up just having the same real wealth as before, but with more nominal cash.
And saying that economists think inflation is tolerable so long as wages and prices are not going up??? That is just retarded. Wage inflation is a key driver of economy-wide inflation.
Person A holds stock worth $10. Inflation is 10% so all the prices, stock prices included, go up by 10% (obviously this is a gross generalization). As a result, Person A now has $11. But bread which used to cost $1 now costs $1.10 because of inflation. As a result, real wealth has not changed since buying bread takes up the same proportion of your assets. Nominal wealth has increased because in $11 is more than $10. Hope that clears it up.
@tatomuck18 Well if the government decides to print out and gives everybody an extra $1 million dollar (which is a possible scenario - the printing of such a money might be a little bit of a hassle) doesn't that make the whole country millionaires ?? And is that heaven on Earth ?
Liked it. Also liked the QE video with teddy bears. I couldn't give it a thumbs up because of the lanaguage. Clean it up and you might get more exposure
@luckynumber05 seeing how the video has had 4.5 MILLION views, I'm thinking it's doing pretty well, exposure wise... and will somehow survive without your thumbs up.
@FedupwithR So you think that because i vote for Ron Paul I dont care about the sick or educating people? That is perhaps one of the most ignorant asinine uniformed statements i have heard to date FYI .. You are of the 99% who have your head up your arse.. For the record:
A.) I have personally cared for the Ill and ..
B.) I have also personally tutored students in Math and History .. care to try again Einstien.?
I agree with much of RP's views except privatizing health care and education. American health care already excludes those who cannot pay and bleeds dry those who can. If everyone could afford to pay for education they already would. RP wants charities to run things, that's disgusting. Otherwise I like him a lot.
@FedupwithR Health care, education and other public services would be affordable if the insurance companies, lobbyists and special interest, unions where not instrumental in artificially inflating the costs exactly like they did with the housing market crisis. The FED bank continues to print money and make back door deals with other interests. The costs get passed along to us then we ask the gov to fix the problems they are responsible for creating.
@FedupwithR Once the market gets corrected then real wages will come back and all the things you and others are concerned about will again become affordable .. I do not want to work half my life to so that other irresponsible people can steal my wages to pay for something they technically were the market adjusted correctly could pay for themselves.
By your reasoning "the market", ie businessmen, are going to pay workers so well that they will be able to afford to educate their children and pay their medical bills. How come that in all countries where education is not mandated by government, children are sent to work and schools don't exist. As for health care, they have none. It's the banksters, corrupt politicians, tax free religious organizations, and corporate greed that steal your money.
@FedupwithR "The Market" is not just business men. The "Market" is you and me . people that buy good and services. An informed consumer makes wise decisions about the products they purchase. As for Health care and medical services. At least Here in America there are a multitude of charitable organizations that have the resources that have the capacity to facilitate financial needs ( charity watch dot org ) is a proverbial vault of information money and resources for medical care.
@FedupwithR AS for other countries .. if their governing bodies were genuinely concerned then they would make reparations to become self sufficient. I do not wish to live in a world where some one is allowed to make me feel guilty because I'm not doing "more" for someone somewhere else. Ist amazing how people are quick to point the figure at the rest of us and say "you don;t care about others" kind of crap. People can offer help but shouldn't forget to tend to their own field.
@FedupwithR The feeling of guilt is a barometer with which to gauge your social and moral boundaries. IT is there to remind you that there things we do and things we don't do to one another. If one does not feel remorse for behavior that is destructive the individual will continue in the wrong direction and may impart their poor destructive behavior to someone else.
Guilt is an uncomfortable feeling experienced by an individual whose conscious is "pricking him" after an action in which he did not live up to his own estimation of himself, did not do the thing that he knows to be right. Such feeling are only felt by those who have a developed conscience, which unfortunately, is not large swathes of humanity.
Jesus, I gotta point something out (interjecting - I'm not done the video yet) - while Moore's law means that an NES from twenty years ago would be1/2^11th times as cheap today, in practical purposes I'm still paying the same price for a Wii as I would have for an NES.
Sure, computers are cheaper - but you need a faster computer to connect to the internet than you did 20 years ago.
Besides, tech advances aren't the issue - of course the economy deftime (or it should, anyway).
So these Wall Street wizards like "Dudley" explaining that there's no inflation because the iPad2 is just about the same price, but has twice the power, and does more stuff? Now, I know that guy is no fool, so he is assuming his audience (America) is stupid. And perhaps this is true, or people like him, and Geithner, and Bernanke, and the rest of Wall Street, wouldn't be where they are right now.
@4:28 It's nice to see our "elite" have their feet on the ground. First they falsify the natural deflation phenomenon as a disaster, denying the right for everyone to benefit from natural increases in productivity and for cheap labor countries to build wealth over time. Then they consider it a privilege to benefit from the natural innovation cycle of capitalism. Except for them of course, haha ! "I'm happy with my 3 iPads 2, why can't poor people shut up and buy smartphones instead of food ?"
There are 2 possible causes for inflation: either the cost of producing goods increases or people spend more money on goods and thus bump up prices. The reason many economists favor inflation is because when the Fed injects money and lowers interest rates, the inflation is consumer driven inflation. People simply spend more and get the economy moving. Confidence goes up and up until a bust comes and people realize that the wealth they thought was there really wasn't.
Why do you think all the people who create all the worlds’ actual wealth are indebted to the FedRe? Because the only currency you can use is printed by the Fed sold to your government at interest that the IRS then rips form you in the form of income taxes. Your being robbed there not just taxing there gain there taxing there inflation you are no richer then you where in 1955 and now you have less.
Lets say the only thing you could buy in the world are cans of beans there’s a million in the world and a million dollars printed. Obviously each one would cost $1 you have 100 cans of beans, you sell them and get $100 you put that money in a safe for a while. The fed then prints another 1milion dollars and so each can now costs £2 you can only buy back 50 cans of beans, that’s inflation or in other words how they stole form you.
Just because the money has not made it's way into the economy does not mean that cost-push inflation cannot mainfest itself and affect everyday consumers. The fact the excess reserves are high and the money from QE2 hasn't made it's way into the economy overlooks the fact that investors chasing yield have been pushed out of fixed income assets and have invested their funds in commodities, stock and high yield bonds. Inflation is the only way to get debtors (Americans and America) out of debt.
I used to be in the Democrat party now I am not i am now independent because they would love to rule everyone as slaves. I have two daughters and a son i love them all more than anything but I would rather see my daughters in a whore house than my son in the Democrat or Republican party, it's time we stop voting for those son of bitches stop volting for Wall Street and ruling class of people and volt for real patriots that the only way were going to get our government back.
well... when the Fed buys treasuries, they credit bank reserves. Because reserve requirements aren't raised, banks can pull out some of their reserves in order to invest in the economy. The printing press is technically not turned out crammin' out more bills but it does increase the money supply=money multiplier*(RESERVES+currency). The currency(paper money) does not change but the reserve does. The money multiplier does not change.
Inflation is a legitimate concern, yet it isn't. For all the hyperventilating about the oncoming hyperinflation apocalypse, inflation rates dropped in 2009 and 2010 to their lowest levels in decades. In 2010 there was almost no inflation at all. So when libertarians insist that all this money-printing is going to render the dollar worthless, and instead inflation rates drop to historic lows....ehhh....
@11111110 The books are being cooked just as it's pointed out partially in the cartoon. The Feds with the assent of both political parties have altered the formulas for nearly all the financial reporting benchmarks. They broke the historic chain to hide their fraud. Using the same methods as when Carter was president inflation right now stands at about 10% in the USA. There are a lot of sites posting those numbers under "shadow government" statistics.
Inflation is the increase in the money supply; it manifests in price increases. However, the CPI can stay the same through virtual price decreases (aka "hedonic adjustments") as well as price maintenance even when it results in margin compression for companies in the short term. Commodities, especially futures prices, can increase dramatically in the short term but will eventually affect consumer products in the long run. By the time the Fed recognizes this, it's too late.
Yes but typically economic growth(jobs/increase in wages) backed the inflation rate increase... I think they are saying the money is still coming into existence somehow(inflation), but the jobs/wages to support it haven't been up enough. Yes/No? There are a lot of explainations and the Bernank (Bernanke Bank) one is the most obvious to a lot of people.
I'm Sorry Could Someone please explain this a little more simply? I dont think people are going to understand all the big words and technical stuff. Cognitive Dissonance on a massive scale.
I like how videos make 'Austrian' right wingers look like total idiots. They watch retarded, overly simplistic, blatantly biased, ideological youtube videos like this, and then spout retarded one liners and talking points in the comments because they think the economy is just a fucking pantomime.
@JonnyRocketfingers Yes, 'Austrian right wingers' like, erm, who? Austrians are (almost entirely) libertarian in one way or another. They get information from other sources (such as mises dot org) and the fact is, our current economy is essentially a pantomime between the public sector and corporations.
@BMac7773 Depends on how you look at it. Debt is issued by the treasury, but the fed prints money (counterfeits) to purchase those bonds. There's a reason why the privilege of counterfeiting (fiat central banking is a plank of Marxism) is reserved for the few; it allows the elite to be masters over the masses.
@buaguy No its really not the same thing. Think about it. Someone hands you $10,000 dollars, what are you gonna do? Go spend it right? Someone loans you $10,000, your not gonna be so quick to run and spend it all right? It is a subtle difference, but issuing debt instead of printing money, really makes a huge difference. Now just do that on a bigger scale, the fed loans banks huge sums of money, but those banks have to pay it back at interest, albeit very low interest, same with the gov.
@BMac7773 You're correct. The issue is that all money in the US is created in this manner (apart from physical coins). Recommended reading: monetary.org
malekanoms: what you made is PERFECT! A eyeopener, i'm impressed!
Greetings from Belgium
Trusko100 6 days ago
How many IPADS will I need to buy to have food, clothing, and shelter?
knowledgeseekstruth 2 weeks ago
@knowledgeseekstruth I will trade you 4 IPADS for 1 40" LED TV I heard it tastes like chicken
radiomanze1 1 week ago
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knowledgeseekstruth 2 weeks ago
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2:07-2:20 This is wrong. Inflation does not make the stock market go up. Inflation is negatively correlated with stock prices.
kawaimto 4 weeks ago
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kawaimto 4 weeks ago
will a I pad feed a familyof four? I hope so things are geting tight for our family
abarhadebar 2 months ago
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Its not money that is causing the world recesion it is lack of recources mainly oil shortages, even gold will be useless to trade with if there are no goods to trade it for, its when more people chase fewer goods/recources that drives inflation, money is only paper and you cant eat gold...
MrBorderghost 2 months ago
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ZoneTelevision 2 months ago
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Support Ron Paul.
Less government spending, less taxation to American Citizens, a budget plan that works.
This man has been fighting for your personal freedom and the separation of congress from big business for years. He stands against draconian bills like SOPA, NDAA and the Patriot Act.
He has fought against the war on drugs, the foreign wars, and corporate bail outs.
Vote for liberty this year. Vote for real change.
Thumb up and spread the message!
RapsAlive 2 months ago
Got bored after the first min.
Saborstar123 2 months ago
Very good video and very well done in high quality
insurancegame 3 months ago
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Ralph Nader 2012!
dstorey36532 3 months ago
The most basic necessity of life is healthcare, not food or gas! People can last for a long time without food or gas, but life without healthcare is impossible. That is why we MUST have universal healthcare in America -- NOW!
MortimerTheClueless 4 months ago
@MortimerTheClueless , yes you are clueless. Without quality food you will NEED healthcare because of heath issues. If we focused on good food, getting the proper nutrients day to day, you will 100% see a decline in all diseases and reducing the "need" for heathcare.
TheTruthHurtsYup 4 months ago 6
QE2, 3 did not fix anything. They only pushed the massive depression off... and made it bigger.
LameBrainMcCain 4 months ago
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Watch Real footage of real banks causing real problems.
Watch “How To Rob A Bank” at UmotionS.com
See Trailer at my channel.
DedmanUmotionS 4 months ago
The Bernank. I like that
LordoftheKaty 4 months ago 3
all these videos need are real human voices .. the ones used are kinda annoying and make it difficult to keep focus.
sicarius100 5 months ago
@sicarius100 The voices are great. real voices speak too slowly and fast thinkers lose focus
mignon888 3 months ago
Fuck off Mervyn King!
erelpc 5 months ago
If somebody was talking about this i would not listen. So why am I watching and listening to a slow simple cartoon voice talking about this.
robynfigueira 5 months ago 2
inflation adjusted, the stock market should be like over 20,000 by now....
so no, stock prices dont benefit from inflation forever,
the economy sucks, that's why gas prices are down, not up..it's barely $80 now...
MrBigEnchilada 5 months ago
@MrBigEnchilada - Wait a month. Invest in oil and make some money. Oil is going to go up any minute.
RavishingEddie 2 months ago
notice the israeli comment f Ron Paul, they fear him! elect Ron Paul break the jewish power cycle, lobby aipac, bought politicians, laws of usury banking, media, and social brainwashing.
bohemianh 5 months ago
the bernanke
brmillgr 5 months ago
- Is there a good alternative to modern economic theory?
- It's called the common... ism!
rimservices 5 months ago
fuck Ron Paultry
4IsraelEVER 5 months ago
Ron Paul is the ONLY presidential candidate that will deal with this situation!
Emmie949 5 months ago
Ron Paul is the ONLY presidential candidate that will deal with this situation!
Emmie949 5 months ago
Honestly, instead of whining, just get back at the bastards. Oil prices going up? Buy stocks in oil companies.
guidocalzone 6 months ago
@guidocalzone You're a moron.
Emmie949 5 months ago
@Emmie949 Wow, that's clever. Can't think of any counterarguments, so i'll call the other guy an idiot. There is a reason why some people make money in the stock market and others don't. Obviously you'd rather whine than make money.
guidocalzone 5 months ago
The economy is not a zero-sum game. You can, in fact, get something for nothing.
tganubis 6 months ago in playlist More videos from malekanoms
This video is the definition of economy.
LanteGFX 7 months ago
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Its just retarded that the william dudley essentially equates moore's law with virtual price decrease in commodities
98Channels 7 months ago
Its just retarded that the william dudley essentially equates moore's law with virtual price decrease in commodities
98Channels 7 months ago
There must be 14 people working for Bernanke. lol
purdyquibb 7 months ago
I don't see a causal relationship between the qe and inflation in consumer goods. I thought it was a flight of capital away from real estate and into commodities.
wildgift2 7 months ago
I dont think poor people even are thinking of getting the new iPad, they're thinking of if their are getting any food on their tables the next month, so get your ass out there Dudley and face the fact. Make a change.
kellikall 7 months ago
HOLY SHIT INFLATION HAS BEEN A COMPLETE AND UTTER NON-ISSUE IN THIS COUNTRY SINCE THE 70'S GET OUT OF YOUR CAVES FILLED WITH GUNS AND GOLD
scw3967 7 months ago
@scw3967 Wow, I gues there ARE a few wackos left out there
SgtHenick 7 months ago
@scw3967 WOW, another room-temperature IQ'er.
Emmie949 5 months ago
@scw3967 WOW, ANOTHER ROOM-TEMPERATURE IQ'ER!
Emmie949 5 months ago
Bastiat, Mises, Hazlitt, Paul, etc etc.
Read "Economics in one lesson" Less then 200 pages and perfect in explaining basic Macroeconomics.
phlather 7 months ago
"Yes, it's called commonsense." Wow, this would be so funny if it wasn't so real...
jbizzybrown 8 months ago 2
Having stocks doesn't mean you make money from inflation. It just means that you are not degraded by it. A share in, say, Exon, is still worth a share if inflation hits 10 or 20%. Unless the companies have a lot of cash reserves. If that is the case, then that company IS hurt by high inflation. Apple, with it's high cash reserves, will be negatively impacted by inflation.
M0rmagil 8 months ago
@M0rmagil The message of this video is why poor people cant buy stocks and get rid of inflation and why rich people get salary in stocks. Poor people are just doomed to deal with inflation because basic needs, like bread for example, never goes down in price, only UP. Thats why it is so hard to get out of the spiral of being poor, it takes generations!
Trusko100 6 days ago
Finally enlightened! So our seniors don't get cost of living increases because food and gas prices are not counted in calculating the cost of living.
Teriiqua 8 months ago
you shouldn't include all economists, there are some good ones like thomas sowell. they're not all evil and dumb
HanStanwell 8 months ago
I love the final sentence
cafemm 8 months ago 27
@cafemm hahahaha true and funny
yoyaya007 1 week ago
creepy cat never moves.
1anomaly2few 8 months ago
"Dumb logic is at the core of modern economic theory".
Is their an alternative?
"Yes it's called common sense"
LOL fantastic!
Lickreally 9 months ago
Great explanation of how inflation works. Day Trader and Speculators watch this stuff all day long. whats your point of view?
SchoolOfTrade 9 months ago
wow if my macroeconomics lecturer explained this more clearly i would genuinely enjoy majoring in economics
strangesoundsful 9 months ago
The "Bernank" ha ha ha!!!
BlueStateChronicle 9 months ago
bernanke - what a fucking prick, and we have no power over anything he does, we just sit back and watch him ruin us
timmytimmyo 9 months ago
xtranormal wont launch 4 my comp. i authorize but it wont gO
StreetFight222 9 months ago
LOoOoOL
jqt213 9 months ago
Although the video is funny, it is tongue in cheek. If you are really interested in understanding the possibility of inflation, you need to understand the concept of money velocity.
sonambulator 9 months ago
You can't get something for nothing. "That new money is confused for real loanable funds, but it's just inflation..."
xzjatx 9 months ago
bone her
helogamerandcod1234a 9 months ago
"We are all Kenyesians now!"
I would like to take this opportunity to say thanks to the Federal Reserve, not only for fucking up the strongest economy in the world, but for also fucking up the global economy too. Thanks guys, for well and truly fucking 95% of the worlds population in the ass.
Myke1T 10 months ago
"...taking both sides is the only way you can be right." Doublethink is here, my friends. George Orwell was right.
TheAceDread 10 months ago
Welcome to Weimar America.
ma39143 10 months ago 2
Just so people don't believe this. Inflation doesn't make the values of stocks increase. If anything inflation makes the value of investments go down because whatever interest rate your bond for example is getting will decrease in real value because of inflation.
As for why QE occurs, it's because it puts liquidity into the market, which increases GDP growth and reduces unemployment.
milnekevin 10 months ago
@milnekevin QE is like throwing a lick of paint over an old rusty motor, at first the car looks like brand new but after a few months the rust starts to show again and the problem has become much much worse.
timmytimmyo 9 months ago
coming from a poor person, who is also educated...I think the video is brilliant. However, I think the research I've had to do on QE to write my paper on THIS video is pretty stupid. QE in and of itself is pretty stupid. And I agree with Omid - this is the beginning of the fall of Rome. We pulled ourselves out of this in earlier years because we were smart enuff to watch ourselves - now we just want to spend, spend, spend.
paperbakriter77 10 months ago
I agree with this but the main thing I get from this is that it is better to be rich than poor....so learn how to be rich.
zekehooper 10 months ago
I think some of these points are quite silly
Firstly, inflationary growth in stock or any asset prices doesn't actually increase wealth (i.e. this is NOT why Wall St bankers or CEOs support QE). You end up just having the same real wealth as before, but with more nominal cash.
And saying that economists think inflation is tolerable so long as wages and prices are not going up??? That is just retarded. Wage inflation is a key driver of economy-wide inflation.
anigopal 10 months ago
what do you mean the same real wealth? How is getting MORE money not increasing how RICH you are?
tatomuck18 9 months ago
@tatomuck18
For example (to explain real vs. nominal)
Person A holds stock worth $10. Inflation is 10% so all the prices, stock prices included, go up by 10% (obviously this is a gross generalization). As a result, Person A now has $11. But bread which used to cost $1 now costs $1.10 because of inflation. As a result, real wealth has not changed since buying bread takes up the same proportion of your assets. Nominal wealth has increased because in $11 is more than $10. Hope that clears it up.
anigopal 9 months ago
@tatomuck18 Well if the government decides to print out and gives everybody an extra $1 million dollar (which is a possible scenario - the printing of such a money might be a little bit of a hassle) doesn't that make the whole country millionaires ?? And is that heaven on Earth ?
minhvuvn 9 months ago
Liked it. Also liked the QE video with teddy bears. I couldn't give it a thumbs up because of the lanaguage. Clean it up and you might get more exposure
luckynumber05 10 months ago
@luckynumber05 seeing how the video has had 4.5 MILLION views, I'm thinking it's doing pretty well, exposure wise... and will somehow survive without your thumbs up.
telephotousa 10 months ago
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luckynumber05 10 months ago
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luckynumber05 10 months ago
Ron Paul 2012 !
ZoneTelevision 10 months ago 53
@ZoneTelevision
You are against educating people or caring for them when ill? OK vote Ron Paul!
FedupwithR 2 months ago
@FedupwithR So you think that because i vote for Ron Paul I dont care about the sick or educating people? That is perhaps one of the most ignorant asinine uniformed statements i have heard to date FYI .. You are of the 99% who have your head up your arse.. For the record:
A.) I have personally cared for the Ill and ..
B.) I have also personally tutored students in Math and History .. care to try again Einstien.?
ZoneTelevision 2 months ago
@ZoneTelevision
I agree with much of RP's views except privatizing health care and education. American health care already excludes those who cannot pay and bleeds dry those who can. If everyone could afford to pay for education they already would. RP wants charities to run things, that's disgusting. Otherwise I like him a lot.
FedupwithR 2 months ago
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@FedupwithR Health care, education and other public services would be affordable if the insurance companies, lobbyists and special interest, unions where not instrumental in artificially inflating the costs exactly like they did with the housing market crisis. The FED bank continues to print money and make back door deals with other interests. The costs get passed along to us then we ask the gov to fix the problems they are responsible for creating.
ZoneTelevision 2 months ago
@FedupwithR Once the market gets corrected then real wages will come back and all the things you and others are concerned about will again become affordable .. I do not want to work half my life to so that other irresponsible people can steal my wages to pay for something they technically were the market adjusted correctly could pay for themselves.
ZoneTelevision 2 months ago
@ZoneTelevision
By your reasoning "the market", ie businessmen, are going to pay workers so well that they will be able to afford to educate their children and pay their medical bills. How come that in all countries where education is not mandated by government, children are sent to work and schools don't exist. As for health care, they have none. It's the banksters, corrupt politicians, tax free religious organizations, and corporate greed that steal your money.
FedupwithR 2 months ago
@FedupwithR "The Market" is not just business men. The "Market" is you and me . people that buy good and services. An informed consumer makes wise decisions about the products they purchase. As for Health care and medical services. At least Here in America there are a multitude of charitable organizations that have the resources that have the capacity to facilitate financial needs ( charity watch dot org ) is a proverbial vault of information money and resources for medical care.
ZoneTelevision 2 months ago
@FedupwithR AS for other countries .. if their governing bodies were genuinely concerned then they would make reparations to become self sufficient. I do not wish to live in a world where some one is allowed to make me feel guilty because I'm not doing "more" for someone somewhere else. Ist amazing how people are quick to point the figure at the rest of us and say "you don;t care about others" kind of crap. People can offer help but shouldn't forget to tend to their own field.
ZoneTelevision 2 months ago
@ZoneTelevision
Only the guilty feel guilt. It's not something that someone else can make you feel.
FedupwithR 2 months ago
@FedupwithR The feeling of guilt is a barometer with which to gauge your social and moral boundaries. IT is there to remind you that there things we do and things we don't do to one another. If one does not feel remorse for behavior that is destructive the individual will continue in the wrong direction and may impart their poor destructive behavior to someone else.
ZoneTelevision 2 months ago
@ZoneTelevision
Guilt is an uncomfortable feeling experienced by an individual whose conscious is "pricking him" after an action in which he did not live up to his own estimation of himself, did not do the thing that he knows to be right. Such feeling are only felt by those who have a developed conscience, which unfortunately, is not large swathes of humanity.
FedupwithR 2 months ago
@FedupwithR Well put.
audiopro316 1 month ago
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knowledgeseekstruth 2 weeks ago
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knowledgeseekstruth 2 weeks ago
our government is OUT OF CONTROL
aceyorba 10 months ago
Genius
grimmny 10 months ago
female "but what about people who cannot afford a fancy phone"
male "they are screwed"
katooom 11 months ago 2
In a world where cartoon bears on youtube are the most reliable source of information, anything is possible.
kawless 11 months ago 4
rofl:
male: "dumb logic is at the core of modern economic theory"
female: "so is there a good alternative to modern economic theory?"
male: "yes, it is called common sense"
sharkanalyst 11 months ago 4
Jesus, I gotta point something out (interjecting - I'm not done the video yet) - while Moore's law means that an NES from twenty years ago would be1/2^11th times as cheap today, in practical purposes I'm still paying the same price for a Wii as I would have for an NES.
Sure, computers are cheaper - but you need a faster computer to connect to the internet than you did 20 years ago.
Besides, tech advances aren't the issue - of course the economy deftime (or it should, anyway).
Aurini 11 months ago
Omg... Get this man on the Daily Show!
KickAssKanuck 11 months ago
Comment removed
KickAssKanuck 11 months ago
"The Ben Bernack himself."
jamesopensfire 11 months ago 2
So these Wall Street wizards like "Dudley" explaining that there's no inflation because the iPad2 is just about the same price, but has twice the power, and does more stuff? Now, I know that guy is no fool, so he is assuming his audience (America) is stupid. And perhaps this is true, or people like him, and Geithner, and Bernanke, and the rest of Wall Street, wouldn't be where they are right now.
comsunjava 11 months ago 2
This video is just spin. It shows a complete lack of financial common sense.
craigsmith248 11 months ago
@4:28 It's nice to see our "elite" have their feet on the ground. First they falsify the natural deflation phenomenon as a disaster, denying the right for everyone to benefit from natural increases in productivity and for cheap labor countries to build wealth over time. Then they consider it a privilege to benefit from the natural innovation cycle of capitalism. Except for them of course, haha ! "I'm happy with my 3 iPads 2, why can't poor people shut up and buy smartphones instead of food ?"
BadMunckY 11 months ago 2
Eye opening
chavamccann78 11 months ago
Another winner Omid!
freedomworks2 11 months ago
There are 2 possible causes for inflation: either the cost of producing goods increases or people spend more money on goods and thus bump up prices. The reason many economists favor inflation is because when the Fed injects money and lowers interest rates, the inflation is consumer driven inflation. People simply spend more and get the economy moving. Confidence goes up and up until a bust comes and people realize that the wealth they thought was there really wasn't.
redarrowhead2 11 months ago
Why do you think all the people who create all the worlds’ actual wealth are indebted to the FedRe? Because the only currency you can use is printed by the Fed sold to your government at interest that the IRS then rips form you in the form of income taxes. Your being robbed there not just taxing there gain there taxing there inflation you are no richer then you where in 1955 and now you have less.
darkblood626 11 months ago
Lets say the only thing you could buy in the world are cans of beans there’s a million in the world and a million dollars printed. Obviously each one would cost $1 you have 100 cans of beans, you sell them and get $100 you put that money in a safe for a while. The fed then prints another 1milion dollars and so each can now costs £2 you can only buy back 50 cans of beans, that’s inflation or in other words how they stole form you.
darkblood626 11 months ago
im the ben bernank
im god
diogeneslaertius666 11 months ago
Volatile does not mean up and down. Instead, it implies a large variance.
j33433 11 months ago
I like the bears
marniespeaks 11 months ago
Just because the money has not made it's way into the economy does not mean that cost-push inflation cannot mainfest itself and affect everyday consumers. The fact the excess reserves are high and the money from QE2 hasn't made it's way into the economy overlooks the fact that investors chasing yield have been pushed out of fixed income assets and have invested their funds in commodities, stock and high yield bonds. Inflation is the only way to get debtors (Americans and America) out of debt.
jhlwd85 11 months ago
I used to be in the Democrat party now I am not i am now independent because they would love to rule everyone as slaves. I have two daughters and a son i love them all more than anything but I would rather see my daughters in a whore house than my son in the Democrat or Republican party, it's time we stop voting for those son of bitches stop volting for Wall Street and ruling class of people and volt for real patriots that the only way were going to get our government back.
KYKIN44 11 months ago
Common sense = Austrian Economics
hodoprime 11 months ago 2
America 2012=Germany Interwar period.
DAbaliGshow 11 months ago
OBAMA = Obama Burning America's Money Again.
Muzzy337 11 months ago
Excellent video, I really needed this one.
The whole subject is so complex but this made it a piece of cake, thank you !
Sharkie
RockTheOcean4me 11 months ago
well... when the Fed buys treasuries, they credit bank reserves. Because reserve requirements aren't raised, banks can pull out some of their reserves in order to invest in the economy. The printing press is technically not turned out crammin' out more bills but it does increase the money supply=money multiplier*(RESERVES+currency). The currency(paper money) does not change but the reserve does. The money multiplier does not change.
bby2102 11 months ago
Yeah, but you can't eat an I-phone. At least not yet.
the82spartans 11 months ago
Please send this to the white house. They dont get this. lol
mrmagicmixable 11 months ago
Inflation is a legitimate concern, yet it isn't. For all the hyperventilating about the oncoming hyperinflation apocalypse, inflation rates dropped in 2009 and 2010 to their lowest levels in decades. In 2010 there was almost no inflation at all. So when libertarians insist that all this money-printing is going to render the dollar worthless, and instead inflation rates drop to historic lows....ehhh....
11111110 11 months ago
@11111110 The books are being cooked just as it's pointed out partially in the cartoon. The Feds with the assent of both political parties have altered the formulas for nearly all the financial reporting benchmarks. They broke the historic chain to hide their fraud. Using the same methods as when Carter was president inflation right now stands at about 10% in the USA. There are a lot of sites posting those numbers under "shadow government" statistics.
rlaycock 11 months ago 4
@rlaycock
Alright then!
11111110 11 months ago
"In a world where cartoon bears on Youtube are the most reliable source of information, anything is possible."
That line will become famous in the coming decades--and for as long as civilization survives.
JejuLee 11 months ago 33
@JejuLee lol cartoon bears......these videos are nicely made even though they're not always through.
MrBigEnchilada 5 months ago
Inflation is the increase in the money supply; it manifests in price increases. However, the CPI can stay the same through virtual price decreases (aka "hedonic adjustments") as well as price maintenance even when it results in margin compression for companies in the short term. Commodities, especially futures prices, can increase dramatically in the short term but will eventually affect consumer products in the long run. By the time the Fed recognizes this, it's too late.
Blistexkiss 11 months ago
Yes but typically economic growth(jobs/increase in wages) backed the inflation rate increase... I think they are saying the money is still coming into existence somehow(inflation), but the jobs/wages to support it haven't been up enough. Yes/No? There are a lot of explainations and the Bernank (Bernanke Bank) one is the most obvious to a lot of people.
drshlotzkin 11 months ago
Dumb logic or just THEFT!
MoreAG4Me 11 months ago
@MoreAG4Me
Exactly. The ' logic ' is a means to an end.
goatman257 11 months ago
How do you know Bernanke is lying?
-
-
-....
His lips are moving!
ThorkilKowalski 11 months ago
omg i didnt know dudley ACTUALLY said "food going up, but ipad going down!"
jazzeffc 11 months ago
Yes thank you for another one!
uwmbigb 11 months ago
I'm Sorry Could Someone please explain this a little more simply? I dont think people are going to understand all the big words and technical stuff. Cognitive Dissonance on a massive scale.
augietyson 11 months ago
zerohedge
MrSATny 11 months ago 4
I like how videos make 'Austrian' right wingers look like total idiots. They watch retarded, overly simplistic, blatantly biased, ideological youtube videos like this, and then spout retarded one liners and talking points in the comments because they think the economy is just a fucking pantomime.
JonnyRocketfingers 11 months ago
@JonnyRocketfingers Yes, 'Austrian right wingers' like, erm, who? Austrians are (almost entirely) libertarian in one way or another. They get information from other sources (such as mises dot org) and the fact is, our current economy is essentially a pantomime between the public sector and corporations.
SaviorOfLogic 11 months ago
DOWN WITH TEH BERNANK
catflab 11 months ago 2
How do you know when Ben Bernanke is lying? His lips are moving.
tommag82 11 months ago
I want the bears!
LiamWalds 11 months ago 2
Its actually not really printing money. They are issuing debt. Not the same thing, but close.
BMac7773 11 months ago
@BMac7773 Depends on how you look at it. Debt is issued by the treasury, but the fed prints money (counterfeits) to purchase those bonds. There's a reason why the privilege of counterfeiting (fiat central banking is a plank of Marxism) is reserved for the few; it allows the elite to be masters over the masses.
abihateusernames 11 months ago
@BMac7773 They're one and the same. And that's one of the biggest parts of the problem.
buaguy 11 months ago
@buaguy No its really not the same thing. Think about it. Someone hands you $10,000 dollars, what are you gonna do? Go spend it right? Someone loans you $10,000, your not gonna be so quick to run and spend it all right? It is a subtle difference, but issuing debt instead of printing money, really makes a huge difference. Now just do that on a bigger scale, the fed loans banks huge sums of money, but those banks have to pay it back at interest, albeit very low interest, same with the gov.
BMac7773 11 months ago
@BMac7773 You're correct. The issue is that all money in the US is created in this manner (apart from physical coins). Recommended reading: monetary.org
buaguy 11 months ago
Really good. When Ben Bernanke is talking he is lying.
PeaktoPeakMktg 11 months ago 45
Really good. When Ben Bernanke is talking he is lying.
PeaktoPeakMktg 11 months ago
i've been waiting for another one of these.
slugga06 11 months ago
Yes, the Ben Bernank!
wopwops0482 11 months ago
neeeeed morrreeeeee
macoff12GT 11 months ago
Bear Markets, The Bear necessities, The Bear Facts..
I think I'll vote for a Bear in the next election. :)
ZoneTelevision 11 months ago
I prefer the bears. They're very cute!
homertalk 11 months ago 2
So simple.. so true... so brilliant! FED = FIAT MONEY = RUIN
brzgixxer 11 months ago 37
42$ Silver :)
frenchy137 11 months ago
Willkommen in Weimar Amerika
Nhurm 11 months ago 4
@Nhurm lol seriously....
uwmbigb 11 months ago
@uwmbigb Geschichte ist zyklisch besonders dort, wo Menschen gedeihen ignorent
Nhurm 11 months ago
I like the bear dog things more.
ThaiNom 11 months ago
"The Bernank" :)
tempjohn1111 11 months ago 2
So true, I think the world would work a lot better if everyone used common sense.
iamknife7 11 months ago 2
I love these.
Cullvyn 11 months ago