Crash Course: Chapter 10 - Inflation by Chris Martenson

Chapter 10 (Inflation): Dr. Martenson establishes inflation as a monetary phenomenon, defined as the decrease of the value of money, caused by too much money around in relation to goods and services. From 1665 to 1776, 111 years, there was absolutely no inflation. From 1665 to 1905, 240 years, the cost of living stayed roughly the same, aside from brief jumps during wars. Unfortunately for us, there was no settling in terms of inflation after World War I or World War II. The military apparatus was not dismantled, and inflation has accelerated to astonishingly high levels.

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[klinok19]

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...".

[TheAttackRat]

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

[519ER4LIFE]

In a sence terrorist's won the war. They succeeded in destroying our country through inflation. They used our governments greed against us.

[ott0Kitam]

@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

[nowzadick]

we do not have wars here, so how we have inflation?

[ReviewsByErik]

@ptu1969 EXACTLY - This is why commodities are king and ALWAYS king - regardless of what the market prices dictate.

[philyB08]

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.

[mentorgratis]

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!!!!

[ElGrandeBanana]

Okee, we're fucked,..

[jms8220]

@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.

[jim381]

@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.