 Good morning, everyone. Hi. Welcome to dedicated to financial literacy once again It's early this morning very early Wednesday morning February 9th and I Just I felt impelled to get on today and just and give a video talking about inflation just for a few minutes I'm not gonna be here long but I Was looking at a report of Clorox the company Clorox, right? They just had like a 52 week low as far as their stock and They misguided their their earnings report was really not good at all and So guess what they're gonna do I just want to let you know any products by coral Clorox You want to Google Clorox what kind of products that you might purchase? from that company They're going up and they're gonna go up significantly and I think they underestimate it The the pricing power as far as how much they should have raised the prices in 2021 so in 2022 and this is why I've been saying for a while you guys that Inflation is not going anywhere It's not transitory. In fact, I believe we're going to see even more inflation prices are gonna go up And so I encourage people on my last video. I said listen Stock up stock up stock up stock up on items. So I want to tell you right now I'm just warning everybody if you buy products from Clorox Any kind of products from Clorox Their bleach I believe pine salt is under them I mean just the different things that they have just Google Clorox if you purchase any of their products You might want to stock up a little bit because they are They are that they have to they're forced They're forced to raise their prices and so and that's the thing about companies. They got to have a profit All right. Now. Here's the deal to let me talk to you a little bit about inflation When a company raised their prices the consumer goes out and they buy less of that product So even though the government might be saying, oh people are spending they're spending They're that's not honesty. They're not being honest. Let me tell you why They're they're going by the fact that the companies are raising prices So it appears that the consumer is spending money But they're buying less and here's what's going to happen throughout 2022. This is my this is just I'm not a Economist I've been watching and reading this thing. I'm telling you and it's been happening as I said Didn't I say last year everybody talked about that the rates won't the Fed won't raise the rates in 22 and he too it'll be in 2023 or at the end of 2022 and I said no Because of quantitative easing the Fred the Fed has been pouring and sporing money pouring money Pouring money into the economy trying to keep it afloat, but I said I Said because of the consumer That the feds would raise the rate in the first quarter of 2022 Those are my exact words and look what's happening in March. They're gonna raise the rates Well, that's gonna affect NASDAQ. That's gonna affect the tech all of tech is affected by those rates All right, and and a lot of the stocks in America are Overvalued and so now what I'm looking at now is I'm looking at emerging markets Everybody focuses in on Facebook Microsoft Nvidia and all these companies, okay that every there are other companies that are actually Profiting and yeah, Facebook is profiting in them and Microsoft. Oh, I'm not saying that they're not what I'm saying is many of these companies are overvalued That's why I'm like I'm happy we've been having a correction because maybe some of these stocks can go down to where they really should be And so but check out emerging markets check out what's happening in Chile. What's happened in Brazil? They're full of commodities, you know, I'm you know and listen I'm not trying to give you direction. Okay. Let me put that disclosure in I'm saying look at these other markets Okay I'm gonna be the hey We got to get more physical gold more silver even copper I'm looking at copper and and I'm not trying to get everybody to panic do not panic. Okay. I'm not saying panic I'm just saying inflation is going up. So what's gonna happen a consumer is gonna spend less people are gonna spend less You know, you are you go to the store and it's like wow And everything all the services you're not going to the restaurants as much You're not eating out as much. You're not calling in food people are cooking more. They're like, look, I don't know how to cook I'm gonna find out. I'm gonna learn how to cook I've been cooking for years, so I told my wife I told her last year we've got to cook more we've got to fix our food more here at home and Less eating out and she's always she's always been about that anyway. So but So when it comes to inflation Be careful 2022 Feds are raising rates in March That's gonna affect the stock market And listen listen, let me tell you how inflation is working also look at a housing market Prices are up. So, you know what people are are not able to afford homes like they could 10 years ago Because the prices of homes are so sky-high right now. So guess what less buying Less purchasing of homes Cars same way. Let's look at the cars the cars are up. Oh, they say all of inventory. No inventory. So we got to raise our prices Inflation gang it's inflation. So people are buying cars less people are holding on to their clunkers People are holding on to their cars now and say, yeah, let's wait to buy a car Let's see if the prices will go down. Now people are waiting people are being cautious inflation inflation inflation It is not transitory. It's not going anywhere and when the Fed tells you it's 7% when the CPI comes out and says it's 7% It's really 10% and I wish these people would be more honest with the public Okay But look at commodities look at the emerging markets and let me tell you I hate to say it They're not our friends But China I've been saying this for two years China China's I'm looking at China stocks why I do have them, but check out the emerging markets. Look around the world Stocks are not just in America. Okay? Companies are not just in America. All right, and that's all I have to say today But stay hopeful stay prayerful. It's gonna be okay Watch your spending save your money not in a not in a bank account where there's no interest You're not gaining any interest not in bonds where bonds at what about 1% it's fixed You're not gonna be able to make any money on bonds Okay, I'm looking at commodities Looking at emerging markets have a wonderful wonderful day and and look 2022 is gonna be a good year for you. I'll talk to you later. Bye. Bye