@nowzadick You don't, no one does... Its impossible to have circulatory inflation, this guys just further miseducating people
There is no such thing as circulatory inflation, how can there be... when all money exists as a collateralized debt? How could you borrow more than the value of the related wealth?
What we experience, is price inflation, due to circulatory deflation... That is, we have high prices coz there's not enough money circulating
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.
So war equates to the fact that the reserve gets to print mre money on the promise you'll pay back with interest but they don't even have enough gold to be printing that amount of money? This is basic stuff yet people live their lives and let crooks do this? Is'nt it supposed to be monitered? 9 to 1 as i remember it to be.
I agree absolutely, one key ingredient of capitalism, is its massive component, before capitalism only the rich and noble could afford what many people nowadays enjoy, that´s because things decrease in price because they were cheaper to produce thanks to technology. So Capitalism by its own nature is about decreasing prices, so how come that all of the sudden is all about increasing prices. Monetary Policy, you got it!!!!
Expect higher food costs this year because of food supply problems in Asia. Google and read - "loss of food supply in asia could lead to skyrocketing food costs"
have a question that might sound dumb, but im being serious, and i know this vid is the best place to ask it. Why can't you just take off one zero from all the currency so now our $10 bill is relatively worth $100 in comparison to other currencies. I'm sure im missing something important here, but I cant figure out why that wouldnt work. Also, i cant understand why it even matters what our dollar is worth in comparison to others' money. so it takes 2 of ours for 1 of theirs who cares?
@jms8220 Other countries have done that on numerous occasions, but it wouldn't change anything because all of the numbers would have to change proportionally. If $100 turned to $10 and your annual wage was $40,000 then you'd have to take the same cut or your employer couldn't pay you. If it's done then it's done for convenience so that people aren't walking around with $100 billion bills like in Zimbabwe.
@jms8220 Other countries have done that on numerous occasions, but it wouldn't change anything because all of the numbers would have to change proportionally. If $100 turned to $10 and your annual wage was $40,000 then you'd have to take the same cut or your employer couldn't pay you. If it's done then it's done for convenience so that people aren't walking around with $100 billion bills like in Zimbabwe.
@jms8220 for a good story about fake money then read the history of Brazil's Real. It's actually called the Real for a reason. Google "How Fake Money Saved Brazil." It's interesting.
@jim381 wow, thanks for that! very interesting! and see, everyone keeps saying my idea wouldnt work lol but in a way it already has, im gonna show that story to my econ teacher thanks again.
You don't even need a precious metal standard, just limit the amount of money that can be in circulation at one time, and that serves the same purpose.
@FAITESPASSERLEMOT thanks for having an open mind. I get very passionate about his topic, and I come across hard mean and nasty... I know I have to calm down, but it all drives me nuts.
Funny huh? How can we have inflation, when no one has had a pay raise in the last 15 years? A raise of 3% is not a raise at all. It only keeps pace with inflation. No working people have been given anymore money. Jobs that use to pay 10 bucks an hour in 192 are paying only minimum under 10 bucks today. working people are earning less, there is no inflation, this is all a lie. It is bullshit they use to jack prices up and screw working people to death. we need revolution now!
Think about covering every curency, every single paper of money with gold. We cannot create gold from nothing, what if we run out of gold, what we gonna do ? It works like the Ponzi scheme, if people will not stop making childrens, there will be always new money needed and created, its acutaly a legal HYIP, the problem is human factor, the machinery is good.
So the money for credit exist independently of the money deposited. This is real money, the type you use to buy houses, cars, and just about anything. That is why the volume of money is measured in M0, M1, M2 and sometimes M3. The M0 is the base money introduced by the Federal Reserve. M2 is the accrued money in society and all of a sudden we have a jump to the M2 measurement. Where does this M2 money come from? It comes from the monetizing debt, aka the fractional reserve principle.
There is a trick to our economy and that trick is credit. Credit today is monetized, which means that the money used for credit is created. Sure the bank says that the money for credit is from deposits. But the funny thing is that while the bank has, lets say 100k on loan, the people that initially deposited the money also withdraw it. So the money for credit exist independently of the money loaned. This is real money, the type you use to buy houses, cars and just about everything.
Why in inflation index Feds exclude prices for food and energy??!! These are the most immediate and biggest every month expenses, plus the housing cost. Because they go up all the time, that's why!! Who cares for prices for durable goods, nobody is buying TV or computer, or car every month. Big lie and big trick right here. And media just repeats this tricky lie every day: "Excluding the price for food and energy, excluding the price for food and energy...".
I dont understand this, will someone please explain why the orange is not one dollar? Why does the orange cost ten just because theres 10 in the lifeboat?why doesnt it just cost $1, will someone explain this rationally?
@coolin7000 The best logic is that the seller prefer $10 over $1.
In regards to this specific example, it's about the statement of "inflation is everywhere and always a monetary phenomenon." - Inflation is linked to the money, but it also relates to the things wanted and needed. Money can be replaced by apples and so forth, but is very impractical.
So.. Simply, inflation is simply the raising of prices for no apparent reason except for greed...simply put...all this "extra printing of money" has no relevance because just because more money is printed does not constitute higher prices. this is ridiculous..human nature
Machines create wealth, not people. The elite want a scam to siphon off the created wealth. That is done with currency debasement. The side effect is inflation. The 1964 silver coin price of the Dow is $850, houses are $8,000, and gasoline is cheaper now than in 1964. Silver is real money. The Dow is down 80% to gold in the past ten years. All paper currencies collapse. It's just a simple fact. Protect yourself. The elites are confiscating our wealth with inflation. Wake up.
Clean up your facts, the US dollar has never been backed by gold. The gold standard regulated the price of gold. You are correct that inflation is out of hand. and that is because of government spending that is out of hand. the goal is reduce the value of the dollar so we pay our debt back with cheaper dollars.
Go back to neuroscience Martenson, you don't belong in Economics. It's painfully obvious. Have you ever noticed that not along with inflation rising over the past 50 years so has the American paycheck? Americans may now purchase the same goods as 100 years ago for "more money," but did you check the facts to find that it actually takes less than 3 tenths of the work hours it used to 100 years ago to buy those same goods? Obviously not. Cuz that's the bottom line. Stop making these videos! Please
@bdhessels hmmmm.... then can you explain why I cannot afford to send my kids to college now and most folks cannot afford to raise a family on one income when back in 1955 it was rare for the mom to work?
inflation is evil, plain and simple - it is engineered by the fed so that our wealth can be transferred to their wallets. pretty simple, but then, that would not justify your bogus, overly complicated economics theories.
This guy is an idiot. In his "graph" at 2 minutes there is no defined scale, clearly something he just made up. Further, he is comparing pre-industrial America to post-industrial. Industrialization revolutionized our economy (and therefore the meaning of inflation) and was inarguably the most important set of events to happen in the past 500 years. Inflation is brilliant, it allows us to borrow money from China and pay back back the same amount even though it is now worth much less.
thats amazing a peaceful society makes for a fair monetary system, war does the opposite, lesson learned? lets build our beautiful world instead of trying to destroy it.
am i correct in saying? increasing inflation by increasing money supply is directly controlled by population growth. population growth counter acts inflation. for example if i print 100$ and give it to a population of 100 people they each have 1$ .if i print another $100, inflation takes place and 2$ is worth the original 1. if the population increases by 100 at the same time, there will still be $200, but still only 1$ per person, so the INDIVIDUAL VALUE hasn't changed!?
@Fataltrust yes i agree, but....an increasing population puts increasing demand on goods or services therefore increasing its value, this value increase can only be counter-acted by increasing money supply...so population growth results in deflation, solving youre problem of inflation.
I think that the end is near...And that the image of Satan shall be destroyed by the holy light of GOD! Believe in GOD is more then just believing in a GOD...it is believing in a GOD that is,was,and will exist for ever! Satan will be destroyed!
Believe me or not...I was supposed to masturbate instead of writing this!How do you explain that? Basically, I hope that you will be on the GOOD way...because what you people call HELL was reserved for Satan and his Evil angels.THERE IS ALWAYS THE CHOICE!
All stores of value have their pros & cons. Gold and silver are no different. They're subject to the laws of supply and demand. They aren't a magic bullet against inflation. And to suggest that our modern economy, where money zips around the world electronically, can be in any way compared to the 17th, 18th or 19th centuries seems pretty heroic. The modern economy is different, and rather than looking back, we need to look forward and focus on solutions that make sense for our times.
Inflation, within boundaries, is a very necessary force for economic growth. It makes saving less attractive and therefore investment more attractive, which in turn stimulates technological advance and the creation of wealth. It is absurd to say that the rate of progress between 1665 and 1914 has been the same as in the rest of the 20th century, after the decision to leave the gold standard. Even in this state of crisis, our wealth is incomparably greater AND better spread than ever before.
@Kikwayi Nonsense. The U.S. went through the industrial revolution on a gold standard. In addition, between 1865 and 1913 there was continues price deflation, yet standards of living along with great advancements and innovation took place. Think of skyscrapers, cars, airplanes and telecommunication. The world changed dramatically in that time. You've simply been brainwashed into thinking we need inflation, when we really don't.
I had read or heard somewhere, that a steak dinner in 1776, say cost $15.00, the price of a steak dinner stayed the same up until around 1930's. This fits with what he says, how the cost of living stayed the same for 100 years.
“The trifling economy of paper, as a cheaper medium, or its convenience for transmission, weighs nothing in opposition to the advantages of the precious metals… it is liable to be abused, has been, is, and forever will be abused, in every country in which it is permitted.” ~Letter to John W. Eppes, 1813
The founding fathers knew that paper money looses VALUE when it's brought into being not by an exchange of goods but from simple creation through the FED. Reserve.
Absolutely wonderful! I'm thoroughly impressed with the argument of war=inflation, but more importantly I think here, the point stressed of dismantling the war machine after each war to return to normalization and the key problem being the system of permanent war that we are now in.
Scumbag REAL ESTATE AGENTS are also a huge cause of inflation. They increase the cost of housing, and in time everything else follows suit. They increase the cost of living, and lower the quality of life. Fuck them all!
House / condo / apartment prices should be determined by goverment agents. No one should profit from selling a place to live.
the central banks are gunna create a new currency to replace the dollar called the amero and foreign debts to china and the billions of dollars in saudi arabia will be worthless. this will be ww3, our little group of jews controlling the world have their own agenda, just ask ben bernanke
What is so amazing sometimes is that people who do not have much money to speak of are always talking about how to get money or how others should make money or how others should not be making as much money. But the whole time they themselves do not have any money. Have you ever had some guy in a bank dressed in a suit making slightly less than minimum wage start telling you how to invest your money???. Or some college professor lecture to you about gains and how to achieve them. Ludicrous.
But before the amusing part did you know that no one can see your la-de-da chart and graphs because of the subtitles that constantly flash on the screen and totally abolish the background????? You need to redo that. Move the charts up or get rid of the subtitles that only a few French will watch anyway.
Personally I think that inflation is primarily caused by the workers constant demand for more money per hour
After the government got involved in `protecting` the rights of the workers and child labor. The price of production rose. As soon as the Government got in bed with the Unions the price of production rose. DUH!!! Inflation.
The real key is comparing today with yesterday or last century and the amount of disposable income any one particular person has. In America even the poor today are FAT with cell phones and iPods. If you own real estate inflation is your friend
I've seen all your chapters and I think you're right and I've benn thinking the same ways for a couple of years now..However, I'm an engineer so when you say "8%" you probaly somtimes mean "8% units"..You should fix that and the presenations will look better..Good luck..
This comes down to 'different' societies over historical periods. If it takes 4 people to plow a farm, when oil comes along it now only takes one in a tractor. (not quite right as farms usually require staff but you get the idea). Family farms = pre modern society possibly feuadal. Industrial farms = modernity. Problem is what happens when it all runs out? Who feeds the new way of being.
In 1800 it required the labor of a whole family to meet the basic necessities for the family. By 1910 it required the labor of one family member (typically the father) to meet the family's basic necessities.
You are correct, but make no mistake, this was only due to a problem of technology.
Just as the calculator makes strenuous mathematics easier for mankind and thus increases our leisure time, so too does the tractor, crane, cement truck, etc. provide humans with comparable/superior results with less human work. This should equate to substantially greater leisure time. But it hasn't. Why?
@MrBabycake International Banksters who wrestled control of government, education and the news media and thus control of people. A complete controlled economy in the hands of a few. The business cycle is the inflation deflation cycle created by central banks which all are owned by the international bankster cartel.
@MrBabycake They created the IMF, BIS, World Bank, the UN, CIA, IRS and several other front corporations. Many masquerading as de jure government but are in fact de facto at best. They all, including all courts have a Dunn & Bradstreet listing. They are for profit corporations.
@mintoo2cool True. Extrapolating man's creative nature to create/produce more than he consumes, today it should take perhaps ten hours of work per week to provide the necessities for a family of four. Google Law of Accelerating Returns -- and or, Exponential Advancing Technology.
Had it not been for the international banksters and their cartel colluding with government insiders that exponential increase in prosperity and abundance would have continued. Today we would and should be able to meet basic necessities with a few hours of labor per week. In effect, a much higher standard of living the world over for a fraction of what it cost today with both parents working ful time.
For 107 years one unit of labor, that is, energy converted to marketable goods increased 35%. Compared to 1776 how many more pairs of shoes or loaves of bread can one unit of labor create? How much usable energy can one unit of labor produce today compared to 1776?
hate the rich all you want to. but if you think about it. you might just be working for the rich, if it wasnt for the rich, yall wouldnt have any jobs. so just quit bitchin, and work your way to the top of the food chain! thats all there is to it. i mean heck im just a dishwasher for a small privately owned restaurant, its a dirty job and it sucks, but at least i have a job. and im using the money to fun my future career's needed equipment. thats America for you
Taxes need to be dramatically lowered (and some taxes need to be completely eliminated). Government must be downsized and liquidated so that less is stolen from the honest private sector by the greedy parasitic government.
I am just illustrating that inflation cannot be control because there is inequality in wealth. How can you control inflation when the majority don't have the money?
And especially when the rich have loopholes left and right.
Inflation is controlled when less credit is created through fractional reserve lending. Most importantly, the federal government (the biggest borrower) must be restricted in its deficit spending. Limit government spending to the previous year's revenues with a balanced budget mandate and inflation will be lower.
Inflationary credit policy is a weapon used by the elite against the majority. Expanding the credit supply devalues the savings of the majority. To maintain their purchasing power, the majority do not need inflationary easy credit, they need disinflationary tight credit policies to protect the value of their savings.
What did you not understand?? Inflation is unfair to the majority. Controlling inflation is beneficial to the majority. The decline of our currency and the wasting of our purchasing power is precisely because inflation is too high.
You should reprhase it around and ask yourself what you did not comprehend?
To be precise, controlling inflation has no effect on the rich. They are rich with loopholes left and right.
And controlling inflation will hurt the currency less than it will hurt the purchasing power of the majority. The majority will suffer deeper. This is alot like exhaustion. Who will exhaust and get hurt? Of course, certainly not the rich!
You are more confused then I am. You need to understand that inflation cannot be control because there is inequality in wealth.
You say that it gives the majority purchasing power. Then what does it do to the rich. It gives them twice, triple, or even quadruple purchasing power.
Therefore, you are confusesd and don't understand that "INFLATION CONTROL is MEANINGLESS" because of the inequality.
Inflation is the major cause of the inequality of wealth. Deflation (or at least inflation control) reduces the inequality. If you care so much about the inequality of wealth, controlling inflation is imperative.
Inflation most inflates the wealth of assets like stocks and commodities held by the wealthy. When inflation is reduced, the inequality of wealth is reduced. Just like the falling prices of the Great Depression reduced inequality.
The ratio of wealth will be the same regardless of the inflation control. This means there exist a subtle deception in the system. There may be no difference mathematically. However, in reality it will hurt the majority because the unecessary control will create stress or exhaustion.
The majority of stocks or assets are owned by the wealthy. These experience the most inflation or deflation. When deflation occurs, the disparity decreases. Prices are more affordable for wage-earners. Unearned income declines more sharply than earned income. Inflation control is most helpful in reducing inequality of wealth.
How confused can you get?? Cheaper stocks will only give opportunity for more ownership only.
Inflation control does not solve the problem because the rich are not affected before or afterward. Understand? They got diversities and loop holes. The majority is not rich and will get affected though.
What is the source of inflation, the majority or the rich? Inflation control or deflation certainly will not affect the rich.
Therefore, deflation or inflation control is MEANINGLESS.
Inflation IS the problem. Inflation control IS the solution to the problem. Controlling inflation reduces inequality of wealth.
Cheaper stocks reduce the buying power of the wealthy holders, while offering more buying opportunities for new owners. Deflation increases the power of wage-earners relative to holders of passive investments. Inflation control is the MOST important element of any solution to distribution of wealth.
Yes, inflation is THE problem. Inflation absolutely affects the inequality of purchasing power. Your obsession with "loopholes" is worse than meaningless, it is misguided.
Stocks, real estate, cash-flow positive businesses are the BENEFICIARIES of inflation, while consumers are the VICTIMS of inflation.
You are obviously stubborn. Inflation is caused by the rich and not by the majority.
Inflation control will not be much effective on the rich. Therefore, inflation control is POINTLESS. And learn to give up with unecessary argument with me.
1) Inflation control does not change the quantity of money people have.
2) It simply changes the value.
3) It is pointless because it has no beneficial effect: it actually creates stress for the majority.
4) Such control does not affect the rich people much. Even if it did, however, it would hurt the majority more. It is because of a trickling down domino effect.
e.g, the majority are dependent on the rich for jobs, loans, etc...
Limiting the volume of credit (money) is synonymous with controlling inflation. Limiting the fraudulent creation of fiat currency by central banks and governments is critical for retaining purchasing power. Controlling inflation incentivizes savings and discourages deficit spending. And savings (when inflation is low) is what enables people to become financially independent.
So to summarize, inflation is the most important of all policy changes. Everything else is meaningless.
The problem is created by GOVERNMENT and central banks, NOT by "rich people". Inflation control is absolutely critical. Everything besides inflation control is meaningless and ineffective. Inflation is not just a problem, inflation is THE problem.
It is GOVERNMENT causing the problem, NOT "rich people". Blaming "rich people" is just hatred blinding you from using reason.
"Loopholes" exist because regulations are too burdensome and complicated. The solution is not to attack the "loopholes" but to abolish the regulations entirely. Simplify government so that it serves all, not just those with crafty legal counsel.
That will never happen. The government does not and will not serve all. It simply is impossible. You are either with the rich or the poor. Do you want poor asses backing you up or rich people backing you up?
There is no such thing as WIN WIN case.
With a winner, there must be a loser. Else it would be a tie. Stalemate is a NO NO. Why do you think the economy and the world is so fucked and so trapped?
There has to be a clear winner and a clear loser for progress to exist.
Your zero-sum game is a Marxist myth. Get your head out of the socialist gutter.
When free people engage in voluntary trade in a free market by mutual consent, both parties gain. The government is to blame for making anything a zero-sum game.
Limit government regulation, limit government-created inflation, cut taxes, and privatize government operations. This eliminates the socialist dilemma of a zero-sum game. All gain when government is reduced.
Who's talking about Marxist myth? Does democracy really exist when there is inequality in wealth and education?
The rich and smart is like the wind.
The poor and average joe are like the grasses.
Democracy is a grassroot system.
Grasses will bend to the will of the wind.
Next time, learn to observe.
Capitalism is not as good as you think. If it was, everybody would be happy by now. It's always the RICH and SMART taking advantage of the poor all over again.
I wonder why WIN-WIN stalemate can not be the solution? Again, there is no progress. In the end, it is zero sum until the situation becomes WIN-LOSE or LOSE-WIN instead of WIN-WIN.
Inflation is a bullshit concept. There may be more money flowing around but in who's pocket????
Therefore, inflation control ain't never going to solve the problem. Majority of people are poor to middle income and they certainly don't have the money.
Politicians and corrupted bitches are more like controlling people then controlling inflation. They have the money with all the fancy goods and vacations.
They need to tax those corrupted rich bastards more! And no loopholes this time!
Remember- the wars that were followed with no inflation WE WON. It is when you lose wars you don't get the spoils and look what has happened since Nam. Not saying we need to be in Middle East however, because no war is better than losing.
@jcrb2000 the solution is increase the value of the dollar by being more productive and exporting and all ... focus on prosperity not on growth. growth of population , infrastructure and anything and everything ... stop making more and more because it cannot be sustained... and start maintaining the existing things ... prosper and stagnate growth till prosperity is sustainable ...
What unit of measure are you using to determine "cost of living" from 1665-1885? Fiat CUR is subject to inflation, that's life but not necessarily a bad thing provided it's under control. Also please explain why if I put $100 on deposit in the bank in 1900 it would not have increase to $13,987 in 2010 (assuming 4.5%pa int, about the av int rate for that time)? Inflation I might add over this same period averages just under 3%. How then has my "paper money" become worthess?
The problem with Fait currency is that it can never be under control. Politicians get elected for costly promises. They can gain money from borrowing, taxing or printing. Taxing is the most painful for them, borrowing depends on who is lending. But printing is nearly invisible.
To make something money it also has to retain purchasing power, otherwise you can't save. If you can't save, you can't lend to invest which is a key component of capitalism.
Inflation is nothing more that too much money chasing to few goods. And, printing money out of thin air for government spending is the real cause of it. This is the real reason why there is no gold standard, because if this were the case, government can not spend money it can not collect or borrow.
Chris has good music and and good punches. He beat the CRAP out of out of some dude yesterday night in NYC after he called him a nigger , the guy was demolished. TMZ posted the video at tmzfights. com
Not really meant as a joke, just a humorous comment. You said you'd buy it for 2$ instead of 10$, but if you only have a 1$ and a 10$ on the boat you can't make change. =)
What else of value is there to buy? What are you saving your money for? If I was in that situation and someone wanted to give away their orange for cash, it is their risk.. maybe they are rescued in time and it would have been a good move, or maybe they suffer as they watch me eat the orange, but I would pay ten dollars..
The Yankee Doodle Dandy Daddies warned us! Saying there is nothing that can piss away a nations prosperity faster than constantly getting into wars
If our Federal Marxist infiltrator warmongers wanted to emulate ancient Rome with a constantly practiced, finely honed military. Then they should have made all the international haters of America the Bomber into conquered, subservient nations annexed into the empire. Where they can't actually help the warring Federal Infiltrators in bringing us down
The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems - the problems of life and of human relations, of creation and behavior and religion.
For at least another hundred years we must pretend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still.
Well the economics on this video are pretty true, they're just sometimes expanded upon a bit. However, nobody looks at economics like this. Expect negative reactions if you started talking about this.
I am a buyer of gold + silver ! And Gold + Silver MINES (for massive profits) !
A wise man named Jacque Fresco once was overheard saying: "If it rained gold for 2 days, people would go outside, collect it, fill out every empty dour, the attic and the cellar with gold. But if it rained gold for a year, they'd sweep it out of their houses." If something is rare, or perceived rare, you can sell it for a profit.
The more you make, the less value each one has, nothing can ever be abundant when profit is in the mix. I would call this a shackle, wouldn't you?
You are right about not needing to save abundant items. Profit causes abundance. When you invest materials, energy and knowledge properly you get more value than you put in, that is profit. Not all profit is monetary.
Abundance is more than demand. And sometimes if you have more than you want its considered pollution. But even pollution can be a resource for satisfying a new desire.
Abundance is a requirement of the laws of thermodynamics. I'll post a video about that. ;)
Can inflation be sustainable in the long term when wages do not go up?
This is what has been happening for years, and finally the consumer has been squeezed so much, there ain't any money left...and he ain't asking for more money either.
Im so thankful that the Ron Paul campaign got me interested in economics in 2007. I took alot less of a hit with my paper investments than I would have- needless to say, im very bullish on prescious metals now...
In a sence terrorist's won the war. They succeeded in destroying our country through inflation. They used our governments greed against us.
519ER4LIFE 2 days ago
@nowzadick You don't, no one does... Its impossible to have circulatory inflation, this guys just further miseducating people
There is no such thing as circulatory inflation, how can there be... when all money exists as a collateralized debt? How could you borrow more than the value of the related wealth?
What we experience, is price inflation, due to circulatory deflation... That is, we have high prices coz there's not enough money circulating
ott0Kitam 3 weeks ago
we do not have wars here, so how we have inflation?
nowzadick 4 weeks ago
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RapsAlive 1 month ago
So war equates to the fact that the reserve gets to print mre money on the promise you'll pay back with interest but they don't even have enough gold to be printing that amount of money? This is basic stuff yet people live their lives and let crooks do this? Is'nt it supposed to be monitered? 9 to 1 as i remember it to be.
philyB08 1 month ago
I agree absolutely, one key ingredient of capitalism, is its massive component, before capitalism only the rich and noble could afford what many people nowadays enjoy, that´s because things decrease in price because they were cheaper to produce thanks to technology. So Capitalism by its own nature is about decreasing prices, so how come that all of the sudden is all about increasing prices. Monetary Policy, you got it!!!!
mentorgratis 3 months ago
Okee, we're fucked,..
ElGrandeBanana 3 months ago
Expect higher food costs this year because of food supply problems in Asia. Google and read - "loss of food supply in asia could lead to skyrocketing food costs"
hdkollias 4 months ago
ALL THIS VID IS MISSING IS THE OVERLAY OF FEDRAL RESEVRE HISTORY
3 TIMES IN US HISTORY HAVE WE HAD A NATIONAL BANKS
BigKidCountry 4 months ago
have a question that might sound dumb, but im being serious, and i know this vid is the best place to ask it. Why can't you just take off one zero from all the currency so now our $10 bill is relatively worth $100 in comparison to other currencies. I'm sure im missing something important here, but I cant figure out why that wouldnt work. Also, i cant understand why it even matters what our dollar is worth in comparison to others' money. so it takes 2 of ours for 1 of theirs who cares?
jms8220 4 months ago
@jms8220 Other countries have done that on numerous occasions, but it wouldn't change anything because all of the numbers would have to change proportionally. If $100 turned to $10 and your annual wage was $40,000 then you'd have to take the same cut or your employer couldn't pay you. If it's done then it's done for convenience so that people aren't walking around with $100 billion bills like in Zimbabwe.
jim381 3 months ago
@jms8220 Other countries have done that on numerous occasions, but it wouldn't change anything because all of the numbers would have to change proportionally. If $100 turned to $10 and your annual wage was $40,000 then you'd have to take the same cut or your employer couldn't pay you. If it's done then it's done for convenience so that people aren't walking around with $100 billion bills like in Zimbabwe.
jim381 3 months ago
@jms8220 for a good story about fake money then read the history of Brazil's Real. It's actually called the Real for a reason. Google "How Fake Money Saved Brazil." It's interesting.
jim381 3 months ago
@jim381 wow, thanks for that! very interesting! and see, everyone keeps saying my idea wouldnt work lol but in a way it already has, im gonna show that story to my econ teacher thanks again.
jms8220 3 months ago
One word - GOLD!!
quixgofar 5 months ago
fair to say that the oligarchs who pay no taxes will reap that arbitrary inflated number while the rest enter into a virtual arrangement
TTTopGun 7 months ago
Moral of the story: Spend less time on YouTube and go to school, get a degree, get paid more. Complaining won't help a single bit.
chiasmid 7 months ago
@chiasmid Wrong. Moral of the story: degree's won't matter when hyper-inflation sets in. We have to stop the printing NOW
clairishe 6 months ago
You don't even need a precious metal standard, just limit the amount of money that can be in circulation at one time, and that serves the same purpose.
JohnEmeryMusic 7 months ago
@FAITESPASSERLEMOT thanks for having an open mind. I get very passionate about his topic, and I come across hard mean and nasty... I know I have to calm down, but it all drives me nuts.
MrAppleseed88 7 months ago
Funny huh? How can we have inflation, when no one has had a pay raise in the last 15 years? A raise of 3% is not a raise at all. It only keeps pace with inflation. No working people have been given anymore money. Jobs that use to pay 10 bucks an hour in 192 are paying only minimum under 10 bucks today. working people are earning less, there is no inflation, this is all a lie. It is bullshit they use to jack prices up and screw working people to death. we need revolution now!
MrAppleseed88 8 months ago
intrinsic heat content lol haha
brian12934 8 months ago
boom, boom, boom :D 1, 2, 3
djrydak 9 months ago
Think about covering every curency, every single paper of money with gold. We cannot create gold from nothing, what if we run out of gold, what we gonna do ? It works like the Ponzi scheme, if people will not stop making childrens, there will be always new money needed and created, its acutaly a legal HYIP, the problem is human factor, the machinery is good.
LitongX1 9 months ago
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YESSENIAREIMANNuh 9 months ago
what causes inflation,crooked bankers do ! with out the gold standard the fed robs the world! thats why abe lincon was killed!
MUSTBUYRIGHT 9 months ago
Money has no standard of cost. Shares have no cost standard in money.
How it is possible to measure company cost if there is no standard of cost of labor?
It is necessary to measure money in joules or calories.
Lafraim 10 months ago
@Lafraim you mean the hypothetical energy based/backed economy.
Metaphysicist 7 months ago
This has been flagged as spam show
Money has no standard of cost. Shares have no cost standard in money.
How it is possible to measure company cost if there is no standard of cost of labor?
It is necessary to measure money in joules or calories.
Lafraim 10 months ago
So the money for credit exist independently of the money deposited. This is real money, the type you use to buy houses, cars, and just about anything. That is why the volume of money is measured in M0, M1, M2 and sometimes M3. The M0 is the base money introduced by the Federal Reserve. M2 is the accrued money in society and all of a sudden we have a jump to the M2 measurement. Where does this M2 money come from? It comes from the monetizing debt, aka the fractional reserve principle.
se7ensnakes 11 months ago
There is a trick to our economy and that trick is credit. Credit today is monetized, which means that the money used for credit is created. Sure the bank says that the money for credit is from deposits. But the funny thing is that while the bank has, lets say 100k on loan, the people that initially deposited the money also withdraw it. So the money for credit exist independently of the money loaned. This is real money, the type you use to buy houses, cars and just about everything.
se7ensnakes 11 months ago
Amazing gold forecast video
watch?v=CvSEWLEqmY4&feature=feedu
unreallogic 11 months ago
Why in inflation index Feds exclude prices for food and energy??!! These are the most immediate and biggest every month expenses, plus the housing cost. Because they go up all the time, that's why!! Who cares for prices for durable goods, nobody is buying TV or computer, or car every month. Big lie and big trick right here. And media just repeats this tricky lie every day: "Excluding the price for food and energy, excluding the price for food and energy...".
klinok19 1 year ago 5
@klinok19 They claim its because of volatility, which makes sense for month to month calculations but just seems lazy over the long run.
Distortion0 6 months ago
I dont understand this, will someone please explain why the orange is not one dollar? Why does the orange cost ten just because theres 10 in the lifeboat?why doesnt it just cost $1, will someone explain this rationally?
coolin7000 6 months ago
@coolin7000 The best logic is that the seller prefer $10 over $1.
In regards to this specific example, it's about the statement of "inflation is everywhere and always a monetary phenomenon." - Inflation is linked to the money, but it also relates to the things wanted and needed. Money can be replaced by apples and so forth, but is very impractical.
elektron2kim 5 months ago
So.. Simply, inflation is simply the raising of prices for no apparent reason except for greed...simply put...all this "extra printing of money" has no relevance because just because more money is printed does not constitute higher prices. this is ridiculous..human nature
coolin7000 5 months ago
@coolin7000 You put it very well, but also add the debts and interests created where the money gets printed or digitally summoned into existence.
elektron2kim 5 months ago
Money is the measure of labor.
Meter is a measure of length.
When the state prints money, it increases the price of their labor.
Meters of cloth produced by the state is shorter than a meter cloth produced by a citizen.
Serrokot 1 year ago
Machines create wealth, not people. The elite want a scam to siphon off the created wealth. That is done with currency debasement. The side effect is inflation. The 1964 silver coin price of the Dow is $850, houses are $8,000, and gasoline is cheaper now than in 1964. Silver is real money. The Dow is down 80% to gold in the past ten years. All paper currencies collapse. It's just a simple fact. Protect yourself. The elites are confiscating our wealth with inflation. Wake up.
jackgoldman1 1 year ago
Clean up your facts, the US dollar has never been backed by gold. The gold standard regulated the price of gold. You are correct that inflation is out of hand. and that is because of government spending that is out of hand. the goal is reduce the value of the dollar so we pay our debt back with cheaper dollars.
Thewizzardof9 1 year ago
@Thewizzardof9 Are you an idiot, Thewizzardof9?
fr0ber 1 year ago
@Thewizzardof9 clean up YOUR facts you fool.
thepie8u 1 year ago
@Thewizzardof9, by that time everyone will have defaulted on everything they own and the banks will own everything. Nice thinking!
TheChineseEmpire 11 months ago
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LIZZIEMONICA 1 year ago
Go back to neuroscience Martenson, you don't belong in Economics. It's painfully obvious. Have you ever noticed that not along with inflation rising over the past 50 years so has the American paycheck? Americans may now purchase the same goods as 100 years ago for "more money," but did you check the facts to find that it actually takes less than 3 tenths of the work hours it used to 100 years ago to buy those same goods? Obviously not. Cuz that's the bottom line. Stop making these videos! Please
bdhessels 1 year ago
@bdhessels hmmmm.... then can you explain why I cannot afford to send my kids to college now and most folks cannot afford to raise a family on one income when back in 1955 it was rare for the mom to work?
inflation is evil, plain and simple - it is engineered by the fed so that our wealth can be transferred to their wallets. pretty simple, but then, that would not justify your bogus, overly complicated economics theories.
jesusisalive2 11 months ago
This guy is an idiot. In his "graph" at 2 minutes there is no defined scale, clearly something he just made up. Further, he is comparing pre-industrial America to post-industrial. Industrialization revolutionized our economy (and therefore the meaning of inflation) and was inarguably the most important set of events to happen in the past 500 years. Inflation is brilliant, it allows us to borrow money from China and pay back back the same amount even though it is now worth much less.
bdhessels 1 year ago
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Wow what a video.
ikkinnikk 1 year ago
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stashcode 1 year ago
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TheTyrt 1 year ago
thats amazing a peaceful society makes for a fair monetary system, war does the opposite, lesson learned? lets build our beautiful world instead of trying to destroy it.
colloredbrothers 1 year ago
am i correct in saying? increasing inflation by increasing money supply is directly controlled by population growth. population growth counter acts inflation. for example if i print 100$ and give it to a population of 100 people they each have 1$ .if i print another $100, inflation takes place and 2$ is worth the original 1. if the population increases by 100 at the same time, there will still be $200, but still only 1$ per person, so the INDIVIDUAL VALUE hasn't changed!?
0pocketpenis0 1 year ago
@0pocketpenis0 Nope, money created out of thin air creates inflation. U need goods and services to back it up in the long run
Fataltrust 1 year ago
@Fataltrust yes i agree, but....an increasing population puts increasing demand on goods or services therefore increasing its value, this value increase can only be counter-acted by increasing money supply...so population growth results in deflation, solving youre problem of inflation.
0pocketpenis0 1 year ago
@0pocketpenis0 The fact that growth is seen as the solution is the problem itself.
shingwoo101 1 year ago
I think that the end is near...And that the image of Satan shall be destroyed by the holy light of GOD! Believe in GOD is more then just believing in a GOD...it is believing in a GOD that is,was,and will exist for ever! Satan will be destroyed!
Believe me or not...I was supposed to masturbate instead of writing this!How do you explain that? Basically, I hope that you will be on the GOOD way...because what you people call HELL was reserved for Satan and his Evil angels.THERE IS ALWAYS THE CHOICE!
93Bolt 1 year ago
All stores of value have their pros & cons. Gold and silver are no different. They're subject to the laws of supply and demand. They aren't a magic bullet against inflation. And to suggest that our modern economy, where money zips around the world electronically, can be in any way compared to the 17th, 18th or 19th centuries seems pretty heroic. The modern economy is different, and rather than looking back, we need to look forward and focus on solutions that make sense for our times.
bigjohnmilo 1 year ago
argh finally. a youtube video confirming pre 1900s price rises was due to inflation! THANK YOU.
i will share these series of videos. :)
Austrian economics > Keynes
TheAttackRat 1 year ago 2
Inflation, within boundaries, is a very necessary force for economic growth. It makes saving less attractive and therefore investment more attractive, which in turn stimulates technological advance and the creation of wealth. It is absurd to say that the rate of progress between 1665 and 1914 has been the same as in the rest of the 20th century, after the decision to leave the gold standard. Even in this state of crisis, our wealth is incomparably greater AND better spread than ever before.
Kikwayi 1 year ago
@Kikwayi Nonsense. The U.S. went through the industrial revolution on a gold standard. In addition, between 1865 and 1913 there was continues price deflation, yet standards of living along with great advancements and innovation took place. Think of skyscrapers, cars, airplanes and telecommunication. The world changed dramatically in that time. You've simply been brainwashed into thinking we need inflation, when we really don't.
bobbyb1978 1 year ago
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Kikwayi 1 year ago
I had read or heard somewhere, that a steak dinner in 1776, say cost $15.00, the price of a steak dinner stayed the same up until around 1930's. This fits with what he says, how the cost of living stayed the same for 100 years.
GrimmMylene 1 year ago
outstanding series of vids, thanks a bunch my friend
managarm1349 1 year ago
Thomas Jefferson Writes:
“The trifling economy of paper, as a cheaper medium, or its convenience for transmission, weighs nothing in opposition to the advantages of the precious metals… it is liable to be abused, has been, is, and forever will be abused, in every country in which it is permitted.” ~Letter to John W. Eppes, 1813
The founding fathers knew that paper money looses VALUE when it's brought into being not by an exchange of goods but from simple creation through the FED. Reserve.
MsBusiness101 1 year ago
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MsBusiness101 1 year ago
Absolutely wonderful! I'm thoroughly impressed with the argument of war=inflation, but more importantly I think here, the point stressed of dismantling the war machine after each war to return to normalization and the key problem being the system of permanent war that we are now in.
stantonmick 1 year ago
great!
laplace977 1 year ago
Graphs 1,2 and 3: bubble, bubble, bubble
formerutuber 1 year ago
Scumbag REAL ESTATE AGENTS are also a huge cause of inflation. They increase the cost of housing, and in time everything else follows suit. They increase the cost of living, and lower the quality of life. Fuck them all!
House / condo / apartment prices should be determined by goverment agents. No one should profit from selling a place to live.
vinbuik 1 year ago
@vinbuik Remember, they must create equal or more money than the previous debt to have the system going.
boipinoi604 1 year ago
the central banks are gunna create a new currency to replace the dollar called the amero and foreign debts to china and the billions of dollars in saudi arabia will be worthless. this will be ww3, our little group of jews controlling the world have their own agenda, just ask ben bernanke
JAMESHI5 1 year ago
Wow, I didn't know inflation was tracked back in 1665.
ptu1969 1 year ago
Me think trading an orange for a piece of paper on a life raft is quite dumb.
ptu1969 1 year ago 8
@ptu1969 EXACTLY - This is why commodities are king and ALWAYS king - regardless of what the market prices dictate.
ReviewsByErik 1 month ago in playlist Chris Martenson presents The Crash Course
hahaha "the US - and by extension, the world..." nice.
TOeiBoi 1 year ago
What is so amazing sometimes is that people who do not have much money to speak of are always talking about how to get money or how others should make money or how others should not be making as much money. But the whole time they themselves do not have any money. Have you ever had some guy in a bank dressed in a suit making slightly less than minimum wage start telling you how to invest your money???. Or some college professor lecture to you about gains and how to achieve them. Ludicrous.
anyname666 1 year ago
74930 part 1 of 2
AMUSING
But before the amusing part did you know that no one can see your la-de-da chart and graphs because of the subtitles that constantly flash on the screen and totally abolish the background????? You need to redo that. Move the charts up or get rid of the subtitles that only a few French will watch anyway.
Personally I think that inflation is primarily caused by the workers constant demand for more money per hour
anyname666 1 year ago
part 2 of 2
After the government got involved in `protecting` the rights of the workers and child labor. The price of production rose. As soon as the Government got in bed with the Unions the price of production rose. DUH!!! Inflation.
The real key is comparing today with yesterday or last century and the amount of disposable income any one particular person has. In America even the poor today are FAT with cell phones and iPods. If you own real estate inflation is your friend
anyname666 1 year ago
I've seen all your chapters and I think you're right and I've benn thinking the same ways for a couple of years now..However, I'm an engineer so when you say "8%" you probaly somtimes mean "8% units"..You should fix that and the presenations will look better..Good luck..
rickard4242 1 year ago
@rickard4242 Seach for
"DEBT SCARY COMPARISONS"
amazing
eliasmouawad 1 year ago
This comes down to 'different' societies over historical periods. If it takes 4 people to plow a farm, when oil comes along it now only takes one in a tractor. (not quite right as farms usually require staff but you get the idea). Family farms = pre modern society possibly feuadal. Industrial farms = modernity. Problem is what happens when it all runs out? Who feeds the new way of being.
CyberAthletethefirst 1 year ago
In 1800 it required the labor of a whole family to meet the basic necessities for the family. By 1910 it required the labor of one family member (typically the father) to meet the family's basic necessities.
zonsb 1 year ago 2
You are correct, but make no mistake, this was only due to a problem of technology.
Just as the calculator makes strenuous mathematics easier for mankind and thus increases our leisure time, so too does the tractor, crane, cement truck, etc. provide humans with comparable/superior results with less human work. This should equate to substantially greater leisure time. But it hasn't. Why?
MrBabycake 1 year ago
@MrBabycake International Banksters who wrestled control of government, education and the news media and thus control of people. A complete controlled economy in the hands of a few. The business cycle is the inflation deflation cycle created by central banks which all are owned by the international bankster cartel.
zonsb 1 year ago
@MrBabycake They created the IMF, BIS, World Bank, the UN, CIA, IRS and several other front corporations. Many masquerading as de jure government but are in fact de facto at best. They all, including all courts have a Dunn & Bradstreet listing. They are for profit corporations.
zonsb 1 year ago
@zonsb but today again both the mother and the father need to earn inorder to buy the basic necessities ...
mintoo2cool 1 year ago
@mintoo2cool True. Extrapolating man's creative nature to create/produce more than he consumes, today it should take perhaps ten hours of work per week to provide the necessities for a family of four. Google Law of Accelerating Returns -- and or, Exponential Advancing Technology.
zonsb 1 year ago
Had it not been for the international banksters and their cartel colluding with government insiders that exponential increase in prosperity and abundance would have continued. Today we would and should be able to meet basic necessities with a few hours of labor per week. In effect, a much higher standard of living the world over for a fraction of what it cost today with both parents working ful time.
zonsb 1 year ago
For 107 years one unit of labor, that is, energy converted to marketable goods increased 35%. Compared to 1776 how many more pairs of shoes or loaves of bread can one unit of labor create? How much usable energy can one unit of labor produce today compared to 1776?
zonsb 1 year ago
hate the rich all you want to. but if you think about it. you might just be working for the rich, if it wasnt for the rich, yall wouldnt have any jobs. so just quit bitchin, and work your way to the top of the food chain! thats all there is to it. i mean heck im just a dishwasher for a small privately owned restaurant, its a dirty job and it sucks, but at least i have a job. and im using the money to fun my future career's needed equipment. thats America for you
jzumbro19 2 years ago
well the alternative to not fighting the wars is, oh jee I don't know, somebody acquires nukes and uses them....
A position of stability in the middle east will benefit us for years to come.
soccerballtux 2 years ago
Greedy corrupted rich bastards will never tax themselve that heavy.
Poor people and middle income people are the majority. They don't have the money.
The greedy rich and the politicians need to tax themselves real heavy. They will never do that though.
ckher777 2 years ago
@ckher777
Taxes need to be dramatically lowered (and some taxes need to be completely eliminated). Government must be downsized and liquidated so that less is stolen from the honest private sector by the greedy parasitic government.
herbs814 2 years ago
The topic is about inflation.
I am just illustrating that inflation cannot be control because there is inequality in wealth. How can you control inflation when the majority don't have the money?
And especially when the rich have loopholes left and right.
ckher777 2 years ago
@ckher777
Inflation is controlled when less credit is created through fractional reserve lending. Most importantly, the federal government (the biggest borrower) must be restricted in its deficit spending. Limit government spending to the previous year's revenues with a balanced budget mandate and inflation will be lower.
herbs814 2 years ago
Less credit?? What do you mean by that?? Rich people are rich with deep pockets; they don't need credit in the first place.
Government federal reserves have the right to print money anytime. Therefore, it gets mighty fishy when government are borrowing money.
Credit control hurts people who needs money the most. I am talking about the majority that are not in the rich category.
Anyway, I don't believe in the inflation control you are talking about. It simply does not work.
ckher777 2 years ago
@ckher777
Inflationary credit policy is a weapon used by the elite against the majority. Expanding the credit supply devalues the savings of the majority. To maintain their purchasing power, the majority do not need inflationary easy credit, they need disinflationary tight credit policies to protect the value of their savings.
herbs814 2 years ago
That's exactly why inflation control is not beneficial and unfair to the majority.
ckher777 2 years ago
@ckher777
What did you not understand?? Inflation is unfair to the majority. Controlling inflation is beneficial to the majority. The decline of our currency and the wasting of our purchasing power is precisely because inflation is too high.
herbs814 2 years ago
You should reprhase it around and ask yourself what you did not comprehend?
To be precise, controlling inflation has no effect on the rich. They are rich with loopholes left and right.
And controlling inflation will hurt the currency less than it will hurt the purchasing power of the majority. The majority will suffer deeper. This is alot like exhaustion. Who will exhaust and get hurt? Of course, certainly not the rich!
ckher777 2 years ago
@ckher777
Inflation is what allows the rich to leverage their wealth. Controlling inflation helps the majority to maintain purchasing power.
How are you this confused?
herbs814 2 years ago
You are more confused then I am. You need to understand that inflation cannot be control because there is inequality in wealth.
You say that it gives the majority purchasing power. Then what does it do to the rich. It gives them twice, triple, or even quadruple purchasing power.
Therefore, you are confusesd and don't understand that "INFLATION CONTROL is MEANINGLESS" because of the inequality.
ckher777 2 years ago
Understand??? What is the point of inflation control??? Purchasing power my ass....
ckher777 2 years ago
@ckher777
Inflation is the major cause of the inequality of wealth. Deflation (or at least inflation control) reduces the inequality. If you care so much about the inequality of wealth, controlling inflation is imperative.
herbs814 2 years ago
How does delflation or inflation control reduce the inequality??
Give me examples.....
ckher777 2 years ago
@ckher777
Inflation most inflates the wealth of assets like stocks and commodities held by the wealthy. When inflation is reduced, the inequality of wealth is reduced. Just like the falling prices of the Great Depression reduced inequality.
herbs814 2 years ago
Here is a hard example.
BEFORE INFLATION CONTROL:
MAJORITY DOLLAR VALUE = 1
RICH DOLLAR VALUE = 4
AFTER INFLATION CONTROL:
MAJORITY DOLLAR VALUE = 4
RICH DOLLAR VALUE = 16
The ratio of wealth will be the same regardless of the inflation control. This means there exist a subtle deception in the system. There may be no difference mathematically. However, in reality it will hurt the majority because the unecessary control will create stress or exhaustion.
ckher777 2 years ago
@ckher777
The majority of stocks or assets are owned by the wealthy. These experience the most inflation or deflation. When deflation occurs, the disparity decreases. Prices are more affordable for wage-earners. Unearned income declines more sharply than earned income. Inflation control is most helpful in reducing inequality of wealth.
herbs814 2 years ago
@ckher777
Chapter 14 on Assets and Demographics would make it easier to visualize the benefits of reducing inflation for reducing inequality of wealth.
herbs814 2 years ago
How confused can you get?? Cheaper stocks will only give opportunity for more ownership only.
Inflation control does not solve the problem because the rich are not affected before or afterward. Understand? They got diversities and loop holes. The majority is not rich and will get affected though.
What is the source of inflation, the majority or the rich? Inflation control or deflation certainly will not affect the rich.
Therefore, deflation or inflation control is MEANINGLESS.
ckher777 2 years ago
@ckher777
Inflation IS the problem. Inflation control IS the solution to the problem. Controlling inflation reduces inequality of wealth.
Cheaper stocks reduce the buying power of the wealthy holders, while offering more buying opportunities for new owners. Deflation increases the power of wage-earners relative to holders of passive investments. Inflation control is the MOST important element of any solution to distribution of wealth.
herbs814 2 years ago
You got a LOGIC ISSUE such as "Inflation is the problem." Ask yourself what is the problem or the source of inflation?
Does inflation control really change the wealthy rich before or afterward? My answer was NO because the rich got loopholes.
They got stocks, real estate, business, etc... They got diversified wealth. The rich are not affected as your imagination may think.
In reality, it will affect the majority who is trying to be rich. Because they will be stressed.
ckher777 2 years ago
@ckher777
Yes, inflation is THE problem. Inflation absolutely affects the inequality of purchasing power. Your obsession with "loopholes" is worse than meaningless, it is misguided.
Stocks, real estate, cash-flow positive businesses are the BENEFICIARIES of inflation, while consumers are the VICTIMS of inflation.
Inflation is always and everywhere THE problem.
herbs814 2 years ago
You are obviously stubborn. Inflation is caused by the rich and not by the majority.
Inflation control will not be much effective on the rich. Therefore, inflation control is POINTLESS. And learn to give up with unecessary argument with me.
ckher777 2 years ago
@ckher777
Inflation control is THE MOST CRITICAL OF ALL monetary reforms. Anything other than inflation control is meaningless.
herbs814 2 years ago
Inflation control sounds good. If looking good can really solve the inflation that the rich people are creating. Perhaps, I may see your point.
I wonder why there are so many sporadic haphazard inflation controls and economic problems??? Why not do it right and do it once only!
BECAUSE "inflation control" is NOT EFFECTIVE and MEANINGLESS!
Again, it is the rich people causing inflation AND not the majority.
ckher777 2 years ago
SUMMARY:
1) Inflation control does not change the quantity of money people have.
2) It simply changes the value.
3) It is pointless because it has no beneficial effect: it actually creates stress for the majority.
4) Such control does not affect the rich people much. Even if it did, however, it would hurt the majority more. It is because of a trickling down domino effect.
e.g, the majority are dependent on the rich for jobs, loans, etc...
ckher777 2 years ago
@ckher777
Limiting the volume of credit (money) is synonymous with controlling inflation. Limiting the fraudulent creation of fiat currency by central banks and governments is critical for retaining purchasing power. Controlling inflation incentivizes savings and discourages deficit spending. And savings (when inflation is low) is what enables people to become financially independent.
So to summarize, inflation is the most important of all policy changes. Everything else is meaningless.
herbs814 1 year ago
@ckher777
The problem is created by GOVERNMENT and central banks, NOT by "rich people". Inflation control is absolutely critical. Everything besides inflation control is meaningless and ineffective. Inflation is not just a problem, inflation is THE problem.
It is GOVERNMENT causing the problem, NOT "rich people". Blaming "rich people" is just hatred blinding you from using reason.
herbs814 1 year ago
Who do you think is in the government?
The rich or the poor?
Therefore, I wonder why so many loopholes exist? To whose benefit? Mostly the rich.
ckher777 1 year ago
@ckher777
"Loopholes" exist because regulations are too burdensome and complicated. The solution is not to attack the "loopholes" but to abolish the regulations entirely. Simplify government so that it serves all, not just those with crafty legal counsel.
herbs814 1 year ago
That will never happen. The government does not and will not serve all. It simply is impossible. You are either with the rich or the poor. Do you want poor asses backing you up or rich people backing you up?
There is no such thing as WIN WIN case.
With a winner, there must be a loser. Else it would be a tie. Stalemate is a NO NO. Why do you think the economy and the world is so fucked and so trapped?
There has to be a clear winner and a clear loser for progress to exist.
ckher777 1 year ago
@ckher777
Your zero-sum game is a Marxist myth. Get your head out of the socialist gutter.
When free people engage in voluntary trade in a free market by mutual consent, both parties gain. The government is to blame for making anything a zero-sum game.
Limit government regulation, limit government-created inflation, cut taxes, and privatize government operations. This eliminates the socialist dilemma of a zero-sum game. All gain when government is reduced.
herbs814 1 year ago
Who's talking about Marxist myth? Does democracy really exist when there is inequality in wealth and education?
The rich and smart is like the wind.
The poor and average joe are like the grasses.
Democracy is a grassroot system.
Grasses will bend to the will of the wind.
Next time, learn to observe.
Capitalism is not as good as you think. If it was, everybody would be happy by now. It's always the RICH and SMART taking advantage of the poor all over again.
ckher777 1 year ago
@ckher777
Capitalism alone is good. The reason "everybody" is not happy is because we have TOO LITTLE capitalism, not too much.
herbs814 1 year ago
You have a right to your opinion.
I wonder why WIN-WIN stalemate can not be the solution? Again, there is no progress. In the end, it is zero sum until the situation becomes WIN-LOSE or LOSE-WIN instead of WIN-WIN.
ckher777 1 year ago
Inflation is a bullshit concept. There may be more money flowing around but in who's pocket????
Therefore, inflation control ain't never going to solve the problem. Majority of people are poor to middle income and they certainly don't have the money.
Politicians and corrupted bitches are more like controlling people then controlling inflation. They have the money with all the fancy goods and vacations.
They need to tax those corrupted rich bastards more! And no loopholes this time!
ckher777 2 years ago
Remember- the wars that were followed with no inflation WE WON. It is when you lose wars you don't get the spoils and look what has happened since Nam. Not saying we need to be in Middle East however, because no war is better than losing.
storagecasa 2 years ago
I suggest to anyone watching this, watch "The Money Masters". It goes really deep into this if this doesn't answer your questions.
kikrlbs 2 years ago
The Solution to our problems is:
END THE FED-END THE FED-END THE FED-END THE FED-END THE FED-END THE FED.........................
jcrb2000 2 years ago 2
@jcrb2000 thats only half the problem, peak oil is the other half
kikrlbs 2 years ago
Yes, but don't forget to add. "And don't replace it with anything."
sirellyn 2 years ago
@jcrb2000 the solution is increase the value of the dollar by being more productive and exporting and all ... focus on prosperity not on growth. growth of population , infrastructure and anything and everything ... stop making more and more because it cannot be sustained... and start maintaining the existing things ... prosper and stagnate growth till prosperity is sustainable ...
mintoo2cool 1 year ago
with the war thing: its not if you can loot xD If you cant it is inflationary.
slash3rr 2 years ago
What unit of measure are you using to determine "cost of living" from 1665-1885? Fiat CUR is subject to inflation, that's life but not necessarily a bad thing provided it's under control. Also please explain why if I put $100 on deposit in the bank in 1900 it would not have increase to $13,987 in 2010 (assuming 4.5%pa int, about the av int rate for that time)? Inflation I might add over this same period averages just under 3%. How then has my "paper money" become worthess?
jtully79 2 years ago
@jtully79 you need to watch the fuzzy numbers chapter
kikrlbs 2 years ago
The problem with Fait currency is that it can never be under control. Politicians get elected for costly promises. They can gain money from borrowing, taxing or printing. Taxing is the most painful for them, borrowing depends on who is lending. But printing is nearly invisible.
To make something money it also has to retain purchasing power, otherwise you can't save. If you can't save, you can't lend to invest which is a key component of capitalism.
sirellyn 2 years ago
Well, you could try to hedge your bets with Gold or Silver... just a thought. :)
-Ashcraft Coin (Bullion Dealer)
AshcraftCoin 2 years ago
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jtully79 2 years ago
Inflation is nothing more that too much money chasing to few goods. And, printing money out of thin air for government spending is the real cause of it. This is the real reason why there is no gold standard, because if this were the case, government can not spend money it can not collect or borrow.
treetorn 2 years ago
Strange that 'fiscal conservatives' support deficit spending for wars but not for infrastructure at home.
mooktank 2 years ago
If war is murder then inflation is stealing.
2catsonboat 2 years ago
thanks a lot for this! nice videos!
2freet 2 years ago
This has been flagged as spam show
Chris has good music and and good punches. He beat the CRAP out of out of some dude yesterday night in NYC after he called him a nigger , the guy was demolished. TMZ posted the video at tmzfights. com
beautynaina227 2 years ago
This is my first video of yours and I subscribed..great explanation. I look forward to seeing your other videos. Thanks for posting.
hatch381 2 years ago
I LOVE THIS!!
THANK YOU!
GaryLawrence0 2 years ago
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skotiFD 2 years ago
@skotiFD Nah the second amendment was to keep your money and family safe
B0rnAl0neDieAl0ne 2 years ago
You make no sense.
Anythingwilldo41 2 years ago
Comment removed
skotiFD 2 years ago
What's that quote, only a government can take a valuable commodity like paper and make it worthless.
christo930 2 years ago
Sorry but if 1 person in the boat has $1... why would the 2nd person bid $10??? I would bid maybe $2 at most.
partyhouse88 2 years ago
And how would you get the 8$ in change? =P
Dirge987 2 years ago
@ Dirge987 Is that a joke??
partyhouse88 2 years ago
Not really meant as a joke, just a humorous comment. You said you'd buy it for 2$ instead of 10$, but if you only have a 1$ and a 10$ on the boat you can't make change. =)
Dirge987 2 years ago
Comment removed
skotiFD 2 years ago
What else of value is there to buy? What are you saving your money for? If I was in that situation and someone wanted to give away their orange for cash, it is their risk.. maybe they are rescued in time and it would have been a good move, or maybe they suffer as they watch me eat the orange, but I would pay ten dollars..
movax12 2 years ago
The Yankee Doodle Dandy Daddies warned us! Saying there is nothing that can piss away a nations prosperity faster than constantly getting into wars
If our Federal Marxist infiltrator warmongers wanted to emulate ancient Rome with a constantly practiced, finely honed military. Then they should have made all the international haters of America the Bomber into conquered, subservient nations annexed into the empire. Where they can't actually help the warring Federal Infiltrators in bringing us down
Chuichupachichi 2 years ago
Fuck Keynes!
LarsSeprest 2 years ago
John Maynard Keynes
Quote
The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems - the problems of life and of human relations, of creation and behavior and religion.
CosmosPrivateer 2 years ago
John Maynard Keynes
Quote
For at least another hundred years we must pretend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still.
CosmosPrivateer 2 years ago
Thats just great at 3:39 Americas first dollar also has a pyramid on it just as ours today does.
On the back side is has.
We Are One.
This is really screwed up.
CosmosPrivateer 2 years ago
Excellent excellent excellent. Highly insightful! Thank you for posting these.
pebre79 2 years ago
so where did you study economics they'll ask me... you tube ill answer. for free.
i am so pleased iv found this.
tubestick00 2 years ago 4
Well the economics on this video are pretty true, they're just sometimes expanded upon a bit. However, nobody looks at economics like this. Expect negative reactions if you started talking about this.
I am a buyer of gold + silver ! And Gold + Silver MINES (for massive profits) !
Adahondeayenh 2 years ago
A wise man named Jacque Fresco once was overheard saying: "If it rained gold for 2 days, people would go outside, collect it, fill out every empty dour, the attic and the cellar with gold. But if it rained gold for a year, they'd sweep it out of their houses." If something is rare, or perceived rare, you can sell it for a profit.
The more you make, the less value each one has, nothing can ever be abundant when profit is in the mix. I would call this a shackle, wouldn't you?
lihp12345 2 years ago
You are right about not needing to save abundant items. Profit causes abundance. When you invest materials, energy and knowledge properly you get more value than you put in, that is profit. Not all profit is monetary.
Abundance is more than demand. And sometimes if you have more than you want its considered pollution. But even pollution can be a resource for satisfying a new desire.
Abundance is a requirement of the laws of thermodynamics. I'll post a video about that. ;)
MarkProffitt 2 years ago
YouTube University
YTU
CosmosPrivateer 2 years ago
Can inflation be sustainable in the long term when wages do not go up?
This is what has been happening for years, and finally the consumer has been squeezed so much, there ain't any money left...and he ain't asking for more money either.
zeusvalentine 2 years ago
Im so thankful that the Ron Paul campaign got me interested in economics in 2007. I took alot less of a hit with my paper investments than I would have- needless to say, im very bullish on prescious metals now...
soundgarden21 2 years ago
My grandfather was a smart man.
He only left me gold because he said it is valuable. Now I understand why.
SENTRY000 2 years ago