Who Benefits from Inflation? | Thomas J. DiLorenzo
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- Опубликовано: 12 сен 2024
- Recorded in Tampa, Florida, on February 17, 2024.
Special thanks to Liberty Villages and the Shrader family for sponsoring this event.
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Seeing Tom as president makes me feel really optimistic about the future of the Institute.
Amen to that!
Make a good US president as far as me
Me too!
How, to "go on..."? Folks, they have CHOSEN. Do you understand, that if they had their way, you would NOT HAVE A CHOICE?? How can "co-existence", EVER APPLY, when the "They", is bound to destroy your freedom, and eventually, you?? Diplomacy?? Compromise?? Words for Defeat, my good people. Democracy, is a garbage word. The closest thing We have to freedom, is a Representative Republic. Sadly, those who have been "selected" to be "elected", to serve in far too many cases, were nothing but shills for the Banksters. What needs done, is a return to COMMON LAW, LAW OF THE LAND. The reason: These PIRATES, who use admiralty law(Ever notice the US Flag with the Gold Fringes), to commit FRAUD against We, the People, who were ONLY EVER TO BE RULED BY COMMON LAW. The LAWLESS 14th Amendment, LAWLESSLY "created" a new class, the "US CITIZEN", in direct contradiction, to what the Constitution had provided. So many "acts", and "amendments", that have GROSSLY INSUFFICIENT CONSTITUTIONAL BACKING, are now considered status quo, that the UNITED STATES SERVICE CORPORATION, IS DE FACTO.
What is it called, when you tell half-truths, or deceptions, and it costs someone else, their money?? FRAUD. What is it, when you tell half-truths, or deceptions, and it costs someone else, their life? MURDER. Guess what? The UNITED STATES SERVICE CORPORATION(aka, "the Federal Government") is committing both Crimes, every day. If, we had Lawful, Constitutional Oath-Bearing Sheriffs, We could haul these corporate officers, into common law courtrooms, and try them for the fraud, and murder, that they stand idly by, allowing to be committed against the State Nationals of this United States of America.
TRESPASS. These "Officers", of the UNITED STATES SERVICE CORPORATION, need to be hauled into Common Law Courts, and held liable for the Fraud, and Trespass, they have performed, upon State Nationals, of the Geographic location, known as The United States of America. US CITIZENS, are RULED, by the USC, the UCC, and the CFR. Unless you are a physical RESIDENT of Washington, D.C., OR, are a Public Servant, YOU ARE NOT A US CITIZEN, and thank the Maker you aren't, because US CITIZENS, do NOT ENJOY the Protection of Natural Law(Inalienable) Rights, that the Constitution of the United States of America, was Crafted to give.
Constitutionally vet, those who are running for Sheriff. Marbury vs Madison, Shapiro vs Thompson, Murdock vs Pennsylvania, Shuttlesworth vs Birmingham AL, Boyd vs U.S., Bishop vs U.S.
If the Sheriff-to-be, believes they are allowed to issue tickets to Non-Commercial private operators, for driving without a license, registration, or insurance, then they must NOT be elected, because those are ALL UNCONSTITUTIONAL DEMANDS. ANY LAW IN REPUGNANCY TO THE CONSTITUTION, IS NULL AND VOID. Elect that kind of Sheriff, and you will not only get your County sued for possibly hundreds of thousands of dollars, You and Your Loved Ones, may well lose your own Constitutional Protections. Remember, that the Sheriff is Chief Law Enforcement, FOR THEIR COUNTY. They answer to no Mayor, County leader, Governor, nor the President of the corporate franchise, THE UNITED STATES SERVICE CORPORATION, aka "the Federal Government". They answer ONLY TO THE PEOPLE OF THAT COUNTY. Kinda see, how We can take Our Lands back, from the Pirates in D.C.???
@@harrysmith8338
Horrifyingly complex, isn't it ?
Our present monstrosity has been fully two centuries in the perfecting -- vile traitor Hamilton's masterpiece, now nearly per se likewise.
"What a world !! ; what a world !! ; what a world !! "
So lamented the Wicked Witch of the East as dissolving finally into her pool of green boiling goo.
“The establishment of a central banking monopoly is 90% of communizing a country” - Lenin
OUCH !!
That's a keeper.
@@jamesmiller4184 Can't find any authoritative source. This is what he did say about it: marxists DOT org/archive/lenin/works/1922/feb/28g.htm
And it's true. If you control money itself, there's not a whole lot you don't control.
The main benefit of inflation: we continue to print money, maintaining our position, while you become poorer every day.
THERE IT IS
Then they say you want to be like wealthy people own assets like them, gotta start somewhere, and it just fuels the fire. This is why real estate goes up but you can only make so much a year. I still think out of all investment opportunities, real estate should be limited. This is basic shelter, a need for everyone
@pierre9368 Only thing is, eventually everyone sees through your bullshit and you get kicked to the curb.
@rickspalding3047
Well, due to the scarcity of land, and the power of those asset mangers and their large pools of money, real estate is no longer a middle class thing unfortunately.
And even if we decided to remove real estate from the markets, most people would still not get a roof over their heads. Damned if you do, damned if you don't.
@KarlEmanuel-f4l don't disagree especially with corporate lobbyists wanting to commodities almost everything
Man I love this dude. Calls it like it is. Plain English. Some humor.
How, to "go on..."? Folks, they have CHOSEN. Do you understand, that if they had their way, you would NOT HAVE A CHOICE?? How can "co-existence", EVER APPLY, when the "They", is bound to destroy your freedom, and eventually, you?? Diplomacy?? Compromise?? Words for Defeat, my good people. Democracy, is a garbage word. The closest thing We have to freedom, is a Representative Republic. Sadly, those who have been "selected" to be "elected", to serve in far too many cases, were nothing but shills for the Banksters. What needs done, is a return to COMMON LAW, LAW OF THE LAND. The reason: These PIRATES, who use admiralty law(Ever notice the US Flag with the Gold Fringes), to commit FRAUD against We, the People, who were ONLY EVER TO BE RULED BY COMMON LAW. The LAWLESS 14th Amendment, LAWLESSLY "created" a new class, the "US CITIZEN", in direct contradiction, to what the Constitution had provided. So many "acts", and "amendments", that have GROSSLY INSUFFICIENT CONSTITUTIONAL BACKING, are now considered status quo, that the UNITED STATES SERVICE CORPORATION, IS DE FACTO.
What is it called, when you tell half-truths, or deceptions, and it costs someone else, their money?? FRAUD. What is it, when you tell half-truths, or deceptions, and it costs someone else, their life? MURDER. Guess what? The UNITED STATES SERVICE CORPORATION(aka, "the Federal Government") is committing both Crimes, every day. If, we had Lawful, Constitutional Oath-Bearing Sheriffs, We could haul these corporate officers, into common law courtrooms, and try them for the fraud, and murder, that they stand idly by, allowing to be committed against the State Nationals of this United States of America.
TRESPASS. These "Officers", of the UNITED STATES SERVICE CORPORATION, need to be hauled into Common Law Courts, and held liable for the Fraud, and Trespass, they have performed, upon State Nationals, of the Geographic location, known as The United States of America. US CITIZENS, are RULED, by the USC, the UCC, and the CFR. Unless you are a physical RESIDENT of Washington, D.C., OR, are a Public Servant, YOU ARE NOT A US CITIZEN, and thank the Maker you aren't, because US CITIZENS, do NOT ENJOY the Protection of Natural Law(Inalienable) Rights, that the Constitution of the United States of America, was Crafted to give.
Constitutionally vet, those who are running for Sheriff. Marbury vs Madison, Shapiro vs Thompson, Murdock vs Pennsylvania, Shuttlesworth vs Birmingham AL, Boyd vs U.S., Bishop vs U.S.
If the Sheriff-to-be, believes they are allowed to issue tickets to Non-Commercial private operators, for driving without a license, registration, or insurance, then they must NOT be elected, because those are ALL UNCONSTITUTIONAL DEMANDS. ANY LAW IN REPUGNANCY TO THE CONSTITUTION, IS NULL AND VOID. Elect that kind of Sheriff, and you will not only get your County sued for possibly hundreds of thousands of dollars, You and Your Loved Ones, may well lose your own Constitutional Protections. Remember, that the Sheriff is Chief Law Enforcement, FOR THEIR COUNTY. They answer to no Mayor, County leader, Governor, nor the President of the corporate franchise, THE UNITED STATES SERVICE CORPORATION, aka "the Federal Government". They answer ONLY TO THE PEOPLE OF THAT COUNTY. Kinda see, how We can take Our Lands back, from the Pirates in D.C.???
I love Dr. DiLorenzo so much. What a wonderful man at the helm of the Mises Institute.
How, to "go on..."? Folks, they have CHOSEN. Do you understand, that if they had their way, you would NOT HAVE A CHOICE?? How can "co-existence", EVER APPLY, when the "They", is bound to destroy your freedom, and eventually, you?? Diplomacy?? Compromise?? Words for Defeat, my good people. Democracy, is a garbage word. The closest thing We have to freedom, is a Representative Republic. Sadly, those who have been "selected" to be "elected", to serve in far too many cases, were nothing but shills for the Banksters. What needs done, is a return to COMMON LAW, LAW OF THE LAND. The reason: These PIRATES, who use admiralty law(Ever notice the US Flag with the Gold Fringes), to commit FRAUD against We, the People, who were ONLY EVER TO BE RULED BY COMMON LAW. The LAWLESS 14th Amendment, LAWLESSLY "created" a new class, the "US CITIZEN", in direct contradiction, to what the Constitution had provided. So many "acts", and "amendments", that have GROSSLY INSUFFICIENT CONSTITUTIONAL BACKING, are now considered status quo, that the UNITED STATES SERVICE CORPORATION, IS DE FACTO.
What is it called, when you tell half-truths, or deceptions, and it costs someone else, their money?? FRAUD. What is it, when you tell half-truths, or deceptions, and it costs someone else, their life? MURDER. Guess what? The UNITED STATES SERVICE CORPORATION(aka, "the Federal Government") is committing both Crimes, every day. If, we had Lawful, Constitutional Oath-Bearing Sheriffs, We could haul these corporate officers, into common law courtrooms, and try them for the fraud, and murder, that they stand idly by, allowing to be committed against the State Nationals of this United States of America.
TRESPASS. These "Officers", of the UNITED STATES SERVICE CORPORATION, need to be hauled into Common Law Courts, and held liable for the Fraud, and Trespass, they have performed, upon State Nationals, of the Geographic location, known as The United States of America. US CITIZENS, are RULED, by the USC, the UCC, and the CFR. Unless you are a physical RESIDENT of Washington, D.C., OR, are a Public Servant, YOU ARE NOT A US CITIZEN, and thank the Maker you aren't, because US CITIZENS, do NOT ENJOY the Protection of Natural Law(Inalienable) Rights, that the Constitution of the United States of America, was Crafted to give.
Constitutionally vet, those who are running for Sheriff. Marbury vs Madison, Shapiro vs Thompson, Murdock vs Pennsylvania, Shuttlesworth vs Birmingham AL, Boyd vs U.S., Bishop vs U.S.
If the Sheriff-to-be, believes they are allowed to issue tickets to Non-Commercial private operators, for driving without a license, registration, or insurance, then they must NOT be elected, because those are ALL UNCONSTITUTIONAL DEMANDS. ANY LAW IN REPUGNANCY TO THE CONSTITUTION, IS NULL AND VOID. Elect that kind of Sheriff, and you will not only get your County sued for possibly hundreds of thousands of dollars, You and Your Loved Ones, may well lose your own Constitutional Protections. Remember, that the Sheriff is Chief Law Enforcement, FOR THEIR COUNTY. They answer to no Mayor, County leader, Governor, nor the President of the corporate franchise, THE UNITED STATES SERVICE CORPORATION, aka "the Federal Government". They answer ONLY TO THE PEOPLE OF THAT COUNTY. Kinda see, how We can take Our Lands back, from the Pirates in D.C.???
@@harrysmith8338 - tl;dr?
Enemies are good because then you can prop yourself up through the opposition. Everyone needs enemies in order to get support.
"For this essential acceptance [consent of the majority], the majority must be persuaded by ideology that their government is good, wise and, at least, inevitable, and certainly better than other conceivable alternatives. Promoting this ideology among the people is the vital social task of the “intellectuals.” For the masses of men do not create their own ideas, or indeed think through these ideas independently; they follow passively the ideas adopted and disseminated by the body of intellectuals. The intellectuals are, therefore, the “opinion-molders” in society. And since it is precisely a molding of opinion that the State most desperately needs, the basis for age-old alliance between the State and the intellectuals becomes clear." Anatomy of the State, Murray Rothbard.
These supposed higher centers of learning in the world are indeed about learning, not education. It is all in the indoctrination to a much higher degree than just high school. It is all about sending parrots to institutions so they can squawk louder and longer but they don't know shit about shinola. College graduates that know nothing about education nor the world around them.
There’s an excellent book that covers this subject. It’s called “Death by Socialism” by J. M. Rock. I just read the e-book and I highly recommend it.
Love it! Concise and full of substance
The better question is what group runs the banks and the government that colludes with the FED? Why is usury the preferred “strategy” of the West?
Or jewry
I think you are too scared to name the tribe in question
@@wgsmit02 Not at all, just don't want Susan to crack down on this channel. We have to play these games now.
The richest families control the banks. The banks started the Fed and control it. The Fed does not do anything except pretend it does things. Why is usury the preferred strategy? Because that is what is best for the richest people who control everyone and everything.
@02 The Tiny Hatters? LOL. I don't think we need to discuss or mention them. Instead let's focus on the biggest problems first: The Government ie ( multi-generational organized crime syndicate and the the banking system. If We can get rid of both of them and start something new, maybe one day we will be free. Right now we are not.
I’ve read Dr. DiLorenzo’s The Real Lincoln, Lincoln Unmasked and just cracked the covers on The Problem with Lincoln. On page 26 under the sub-heading Lincoln and the Cause of War, it details his first inaugural on March 4, 1861, 163 years ago today. I don’t feel like celebrating.
I tell people all the time to Google Lincoln's letter to Horace Greeley. The civil war was actually the 2nd American revolution and wasn't over slavery but Lincoln forcing the South un-Constitutionally back into the Union.
Everyone accepts fed can print money but doesn't want to give up the idea that government runs on taxpayers' dollars. This is year 4 thinking skills.
Yep printing plenty of money for wars, but social security oh no that comes from your taxes. Lol! And with a straight face too.
americans are not very smart at that...fact.
I get learn a great deal from Prof. DiLorenzo's talks.
The deeply indebted and those who have contracts to pay out denominated in U.S.D. are those who benefit from inflation.
Such as home owners with a fixed-rate morgage
And of course the -33 Trillion dollar federal government
Asset holders ie banks and corporations.
@@authenticallysuperficial9874 True, as long as the homeowner never moves and property taxes don't go up substantially. If they want or have to move, they get to buy a new house at the inflated price, with the property taxes proportionately higher.
Thank you
The take on Paul Samuelson really crackled me (11:04). It's amazing how a Nobel Prize winner in Economics could say something laughable and stupid and codified it in an Economics textbook to be taught in universities, even the Ivy Leagues. On top of that, Samuelson is graduate school professor in Economics at MIT. Imagine what kind of economists, with twisted & distorted view on economic realities were produced, FED (pun not intended) with Samuelson's flaky textbook.
Now imagine an economy where bankers have to live like a wage workers. Because you have no real way to get around using money and central planning. You can see that when Gorbachev ended central planning and brought back private property that Milton Friedman advised is it created an economic disaster until banking and industry could be put back into the hands of a few oligarchies as planners. Go ahead and fire all your "central planners" to save money and see if that will help your falling rates of profit in industrial production.
Tom mentioned the movie "The Big Short" the lingering question at the end of the big short and they ask it like 5 times is how are the accountants allowed to keep these banks running when all their assets are garbage? At the end of this video, Tom says the list of things the federal reserve regulates, and wouldn't you know it, I heard "financial reporting procedures and accounting". The fed is allowing this creative accounting today as well as long as they don't go illiquid like the california banksk
They don’t allow it they require it. Accounting should be simple A+B-C-D. I’m fact they made simple accounting methods illegal.
Tom, please post more often :)
00:12 Jim Bennett's quote about being ahead of those who are nipping at your heels suggests staying ahead of competition.
01:23 Tucker Carlson's experience in Moscow highlights how perceptions of cost differ between countries, impacting one's perspective on economic issues.
02:20 The speaker considers writing a book on who benefits from inflation, highlighting a lack of understanding among the general population.
03:55 Debtors, including the federal government, benefit from inflation due to reduced real value of debt.
04:17 The Federal Reserve's history includes financing bailouts, reflecting a pattern of intervention in the economy.
06:52 Bailouts create a system similar to economic fascism, where losses are socialized while profits remain private.
10:18 Inflation and economic instability benefit the welfare bureaucracy by increasing demand for welfare.
12:01 Political business cycles suggest that Fed policies can be influenced by electoral concerns, affecting economic stability.
16:00 Fed spending on itself is linked to changes in the money supply, indicating self-perpetuating inflationary incentives.
20:56 The Fed influences monetary policy literature, controlling the narrative on monetary policy through subsidized research.
21:44 Fed's funding and influence extend to supporting woke ideologies, highlighting broader societal impacts beyond economic policy.
Crony capitalism is a form of fascist economic policy. America is a textbook fascist country and has been for decades thanks to the left because it is a left wing ideology. China has evolved into a fascist country because Communism isn't sustainable economically.
Great talk, I was looking for the $163,800 Janitor salary figure to cite in my own work but can't seem to find it in the source. Please could someone provide reference to it? Thanks
DiLorenzo's talks are good stuff.
Love it!
I haven’t watched till the end so he may mention this later on, but the reason the price of the purchase was 100 instead of 400 is because “socialism” subsidises basic needs (including food) to keep the lower class hooked.
Yeah, like federally subsidizing the sugar industry in the u.s. ...keeps price of candy, sweets, soda, chips low. Oh wait, i thought the u.s. wasnt socialist😂
@@goldbrick2563They use socialism as a boogeyman term
@@epicphailure88 they think everybody is dumb
LOL. Great humor and content!
Wonderful Wonderful
@21:37 "...no criticisms of the FED..." Yeah, I took a business class back in 2005 and when Greenspan's name came up the teacher said:"ISN'T HE WONDERFUL!" IMHO
Can’t the FedResBank be outlawed?!?
Only if you have a better alternative.
@@theodorehaskins3756 check out what Milton Friedman and Thomas Sowell has said about the Fed. Fascinating…
🤨IT'S A RACKET🤨
🤣Finding humor in Knowledge!
Will Share!
📜TRUST NO man [IT'S BIBLICAL]
Tom is the drug 4 me !
What you folks need to realize is that banks do not loan dollars.That would be illegal.
Ludwig would be proud of this presentation.
Q
Bible
Debt forgiveness every 7 years
Year of jubilee 49th to 50th year
Return of all property to all who had to forfeit it due to debts
Slaves had to be also set free!
Q ❤
Imagine an Ayn Rand Presidential debate with Hillary Clinton🤔
"if you want to know what is really going on at an organization, ask the janitor" was a saying that I've heard more than once. An observant janitor will likely come across some interesting memos that have been discarded in the waste paper baskets, and likely overhear the gossip at the water cooler.
If you want to ensure that the janitor doesn't leak his store of insider info, pay him/her well, I guess. That explains the 6 figure salary of the Fed's janitor.
The answer is Abraham Lincoln
Austrians, correct me if I'm wrong, but I think the Fed is being short sighted.
If they really took a long term approach, NO one, not even them, benefit from inflation. As no one benefits from any plunder, in the long run.
Plunder discourages production and is ultimately self-defeating. It is only short-sightedness OR a desire to purposefully crash everything to the ground that can motivate people to plunder - inflation or otherwise.
I believe this is what Bastiat talks about in Economic Harmonies or as Ayn Rand puts it "there are no conflicts of interest between rational men."
the banks benefit from inflation long term because it removes the incentive to take your paper and coin money and put it in your own safe versus Bank Of America or JPMorgan. You can get 1% or 3% in a CD if you do that. No, this is actually why they have the inflation target at 2% and not 0%
You should read democracy the god that failed by Hoppe. He goes into great detail about the reasons behind this self defeating purpose.
The FED lowered its inflation objective to less than 2% in 2012. They changed the target to a long-term average of 2% inflation. Because long-term interest rates are set at inflation plus a profit margin, the implication is lower interest rates. I consider the current rising interest rate to be a very serious issue it will cause more investors to withdraw from the market. But then despite the severe bear market, I am aware of certain investors that continue to earn over $365,000. Wish I could accomplish that.
Very possible! Particularly in this weak market. There are several opportunities to generate excellent returns, but such intricate transactions can only be carried out by seasoned market professionals.The FED lowered its inflation objective to less than 2% in 2012. They changed the target to a long-term average of 2% inflation. Because long-term interest rates are set at inflation plus a profit margin, the implication is lower interest rates. I consider the current rising interest rate to be a very serious issue it will cause more investors to withdraw from the market. But then despite the severe bear market, I am aware of certain investors that continue to earn over $365,000. Wish I could accomplish that.
I totally agree, it's been three years and counting, and I've made over 1.7 million by simply following a coach's advice. I was on the sidelines for a while watching, trying to determine the best time to get in, before I came across a coach, recommended by my wife. I was reluctant at first but I went ahead and contacted the coach. As a small reward for my consistency, I went on a trip to the Bahamas in the late summer.
This sounds interesting. My portfolio is in the red. Can you recommend your analyst, please?
Natalie Noel burns is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Capitalism was the driving force to develop the greatest innovations in the history of the world, but that was true physical innovation that benefited the entirety of the population, largely through manufacturing. Capitalism has become little more than a means for the benefit of the wealthy to the detriment of the majority of the population. In 1948 the average house cost 1.75 times the average annual income. In 2023 that ratio was 7.5. 76% of all taxes collected goes to national debt service. Imagine if 76% of your total income only paid the INTEREST on your mortgage and credit cards. No principal payment on your mortgage, no food, utilities, car loans, clothes, health care, education etc. How long could you survive? I think this country is done, the elites know that, and they are grabbing everything they can before they shut the doors of a burning building with us inside. It would explain the true reason behind their desire to revoke 2A and leave us defenseless.
Where are the elite going to live though? How do they keep themselves safe and served (people to grow their food, cook, operate the golf courses and resorts, work in police and fire services, build and maintain their homes and roads, etc.) if they've ruined the country and made most people poor, indebted and miserable?
2:27 😂 maybe I’m being bit on the ass here! I’m see your books on inflation and I raise why not books on inflation and the dissolvment of the Fed?
maybe would be more wiser to explain in details how inflation ruin us. A lot of people how no idea how to understand this topic.
Which banks paid back their "bail out"? BAC did and also got fined 16.5 Billion.
I'm convinced. I wanna work for the Fed!
The banks and employers of course
Vast oversimplification that ignores that fact that both businesses (employers) and banks often fail as a consequence of inflation.
16:30 AJ Shaw mentions Samuelson's book on @amitvarma podcast
I don't think they all conspired: they did not understand what was happening. Never attribute motive when it is usually incomptence
Who benefits for Userry....humm...the J... Do not give them ideas anarchist but not communsit party
Who benefits? Anybody with a huge long term loan to pay off. Congress, for example. Paying off a big balance using smaller (inflated) dollars is cheaper than paying it down with strong dollars.
The federal reserve better make my money worth more this year or else.
When Fed exists so many years, and damage is already done, they will "End the Fed".. We living in the comedy movie.
100% Factual
the very fact that this is not spoken about in college, not even attending economy classes, is notable.
"To be governed, or not to be governed, that's your choice." But, can you force your choice on me? Can consensus, majority vote, trump rights of the sovereign citizen? Can some people opt out of being forced by deadly threat, fraud? It the consensus is "The Most Dangerous Superstition" (Larken Rose), can they force their superstition on all? Is force moral? Practical?
Inflation boosts Sales Tax........and this is what is disingenuous about Gov . Policy.
Gov. Can't institute Taz Moratorium (s) ....( As clearly it's THIER ..........fault ) (⁉️)
Capitalists. You're all welcome.
The question is not the correct one. The correct one question is "who is benefiting from money printing?" (Money printing under various names).
Rich people in bad times will only increase their gap over middle class and poor people. When the economy is good, like in 2016-2020, everyone benefits and the gap has a chance of narrowing.
Inflation is taxation. plain and simple.
Who benefits from inflation? Thomas J diLorenzo!
Says so right in the title. Cushy job at a prestigious institutite. Gets to give lectures and write books!
J'accuse!
For the dense, slow, or bad at humour: that was a joke. Love ya Tom!
When fiat starts to really decline....
not 5.9999m but according to the Croix Rouge Int. it was .275m mainly from typhus and malnutrition, in any case it would have needed 180m gallons of fue and taken 43 years to deal with 5.9999m with 6 burn34w.. also.. head of al Shiffa hospital orthopaedic surgey has DIED after 120 days of TORTURE.
The question is when will this all end? Can it go on forever?
I would like to hear him do a video criticizing Obama, Trump, and Biden on inflation.
Those 3 and all presidents/congress-es have zero to do with inflating the currency! The Federal Reserve banking cartel is the direct machinery for inflating, that later RESULTS in price inflation. There have been ZERO gold coins for circulation minted after 1932, and no 90% Silver Dimes/Quarters/Halves after 1964. Only a tiny 40% Silver Kennedy Half dollars were minted from 1965-70, but after 1970, ZERO percent Silver, same as the Dimes/Quarters. No precious metal is either in circulation or tied to the "dollar" which is now only a fiat piece of paper/bank credit/digital POS as "money." It is intrinsically worthless, and its future is obvious: 0% worth from the 1913 'Dollar' that was, and still is legally, 0.77344 oz. of Silver, or $35/oz of Gold. from the last legal fix in Aug. 1971. After, the "dollar' was allowed to float--always downward in purchasing power, with no more gold/silver connection to limit its inflation from the Central Bank inflationary policies--creating them, when it "buys T-Bonds" with nothing but a ''bad check' if you want to label it that way. That is how it hides from the public, its inflationary action from its Federal Open Market Committee (FOMC).
I can only buy bonds or stocks or crypto for an amount I have, If they tank thats it. If I could have unlimited money and tries I'd be rich forever. Kind of upsetting. Treasonous. Not hyperbole, treasonous. Swing the pirates
Schraderbrau?
Thomas may know something about economics, his comment about Ukraine was ignorant
Politically incorrect. Yes. Logically, it was spot on. The Fed and our spineless SCOTUS and Congress have enabled the financing of these expensive protracted military conflicts. SCOTUS, by not hearing the ripe question of the constitutionality of conscripting forces absent a Congressional declaration of war. Congress by abdication of its responsibility to declare war. The Fed by printing money to finance these conflicts so Congress doesn't have to broach the sensitive topic of raising taxes to fund unpopular militarism.
Everyone who should know better sat back and watched as this happened and did nothing,now they same billionaires are coming back to haunt us
Very interesting how he presents only one seemingly beneficial from Inflation.
What do you expect? The FED is still private and full of greedy rich politicians and bankers.
But what about the more obvious beneficiaries of inflation?? Big private bank and concern leaders, profiting from high interest rates on their bonds, profiting from high prices to at least keep their margin stable, increasing profits all over the place?
You talk about 180Grand salaries in the FED? What about 10s of millions in the private sector??.
FED surely plays to their own benefits, but they are not the major problem or beneficiary!
Burn down the federal reserve
But that's how the elites get their free money for doing nothing.
Who benefits from inflation? The rich and the FED.
And i don't have a PhD.
actually, it's much worse than that
You are poorer because you rely on cash. People who bought assets don't care. They profited so much that they don't even check the prices of goods. You don't have to be a 1% to live without fear of inflation. You just got to make right choices, that's life.
Buy gold and silver. That’s real money. USD or fiat money is backed by nothing.
Word salad. The primary benefactor of inflation is ‘Government Spending.’ One slice of the inflation pie is real estate. It skyrockets for one reason alone; to increase GDP. GDP determines how much money the government can borrow. You should really be asking what enables borrowing, to the current tune of 35 trillion. And discuss all slices of the GDP pie. As it relates to inflation, a weaker dollar ‘lowers’ national debt.
who benefits from inflation? well, if you have a debt, with inflation it will became more affordable to pay. Usually goverment have huge debts, so they benefit from that.
Same for the Big Corporations, and others who go into debt. If they keep their incomes or better, increase it to keep up with the cost of living, they can decrease their real debt load from the inflationary-funny "money." Because governments are the largest debtors of all, they benefit the most from creating "money' from nothing--only reams of paper or bank credit, and now with digital from mere keystrokes on a computer.
❗The beneficiary is the bourgeoisie. As long as there is private property that is concentrated in the hands of the bourgeoisie, there will be no democracy, but there will be a plutocracy. Do not confuse plutocracy and democracy. Socialism or barbarism!
Socialism as a whole, has never worked no matter what manifestation it takes. Education and medical care can be exemption. But Socialism becomes communism which turns into authoritarian government. Always be a group of elites running the shit show that it is ." Everyone is equal but some are more equal than others" is their mantra...self governing, inalienable rights that you as a human being are born with, pursuing of happiness thru freedom and a capitalism monetary system...is and always will be the finest..🇺🇲🇺🇲🇺🇲🇺🇲🗽🗽🗽🗽
Government…..
Are government is worth less!!!!!!!!!!
Our
New idea: be very careful how you use the word "inflation".
It turns out there's a number of conflicting definitions circulating!
It's a politically contested term, as are a number of the political terms in this talk.
If you want to communicate effectively with a general audience, you're going to have to clarify your language, and using these terms usually accomplishes the opposite.
The rise in personal costs to housing, healthcare, education, childcare, groceries and essentials is not the kind of inflation this gentleman is talking about.
He's talking about an increase in the quantity in money, (we'll call this monetary inflation) which translates to higher personal costs in an indirect manner.
This translation from monetary inflation to personal inflation depends on economic relationships those persons are engaging in.
There's lots of ways to use monetary inflation money, with many different effects.
I prefer not to think of the economy in a top down, idealized manner that is presented here.
I prefer introducing different perspectives to spice up the conversation!
Oh this is great, correcting the professor. Inflation is not expansion of the money supply. Inflation is expansion of the money supply faster than the expansion of goods.
No. Inflation is simply increasing the money supply. The amount of goods produced is irrelevant. You are conflating cpi with real inflation. CPI can increase regardless of the money supply due to demand.
@@bowlingvanjapan4099 Well bean brain, perhaps you should consider that words have meaning which you don't seem to be able to comprehend.
inflation
noun
1: an act of inflating : a state of being inflated: such as
a: DISTENSION
b: a hypothetical extremely brief period of very rapid expansion of the universe immediately following the big bang
c: empty pretentiousness : POMPOSITY
2: a continuing rise in the general price level usually attributed to an increase in the volume of money and credit relative to available goods and services
Force the wisest hardest working disciplined, determined visionary creators of the actual products that raise the standards of living for all of the humans, to have to give their $ away to the worlds over breeding societies, will take away their incentives to keep on creating the newest and best products that benefits all of the people in society. Also it doesn't force the excuse makers to have to learn how to take the responsibility for not planning their own citizens futures more wisely. if you knew how hard it is to feed them. Then why did you keep on planning to breed them??????? Starvation is one hell of a motivator!!!!!!!!!
Yep as soon as you have banks that can write contracts to hold gold and issue paper money to both the owner and the borrower you have the magic of creating more paper money in value circulation than actually gold in money. The first printing of money to pay for war in the US was for the civil war. Who gains when inflation occurs? The owners of private property. The value of their property rises. A large part of capitalism is nothing more than the slight of hand played with numbers.
You can’t even get basic facts right.
The “first printing of money” was for the Revolutionary War.
SO, i get that the Fed has flaws and the critics exposed by DiLorenzo are justified, but what is the alternative for the economy? What does he propose to make things better? That's what I'd like to hear from him. Solutions. Are there any ways to fix all that?
Political theater
My guess is opportunistic financial organizations, wanting to profit on others misfortune, pennies on the dollar parasites in my not so humble opinion.
The average person absolutely benefits from inflation.
The average person’s balance sheet is made up a large amount of fixed nominal liabilities, and somewhat larger amount of assets, largely real (home, cars, household goods, and stock funds) with a small amount being bonds and nominal savings.
This type of balance sheets benefit hugely from inflation and get rocked from deflation.
As far as their income statements, these are usually renegotiated annually in the case of salary, and daily in the case of many life expenses. This leaves the income statement more malleable to inflation realities, as labor is also a “real resource” and can benefit (nominally) from inflation.
Da Djewz
Generally agree with him, but his “facts” on Wall Street bailouts are incorrect. The government didn’t eat the loses. The companies paid loans back with interest.
Not all of them. Ford did, but the other two didn't fully pay them back.
fed scam
Who benefits? The bourgeoisie.
Attacking his own ruling class. Naturally when prices rise faster than wages for property property owners benefit.
You sound confused, the only ruling class is literally the people the people vote for and government employees and nominees. The US government is powerful enough to continually cause economic crashes and destroy markets by regulations, and they are doing that. Soon private schools will cease to exist, only government-approved transport will ever be available, and so on. Even religions are dying out as abortion is forced down the throats of Catholics. That's what you wish for, a government that controls everything.
By 1:49 you managed to damage your credibility as an economist.
So groceries were US $104. First, you assumed the USD value was around $400, but never verified it. Then you ignored nominal v real prices. Did anyone ask what the disposable income is there? You ought to go to Haiti and spend $104 on food, and then report back how quickly you will be moving there.
If you are taking analytical inputs from Tucker Carlson, you have a problem. He is a polemicist, not an economist. Intellectual rigor is hardly his long suit. He excels primarily at hysteria.
And then anecdotally, if the Russians have managed inflation and cost of living so wonderfully, why don't we see it in ordinary living conditions? So by the 2 minute mark we can assume that you will show us the world you think it ought to be.
What a pity you started so poorly. The rest was pretty good.
Some facts and lots of opinion.
I stopped at Tucker "quote" 😂 Bye!
Duh. Who benefits? Corporations. They adjust immediately. The average person. Stuck trying to keep up. Cant just "do it" like business.
Nope. Vast oversimplification on your part. There are many corporations and businesses that ultimately lose profits precisely because of inflation. In fact, if inflation is high enough, the connection between inflation and business failure becomes starkly obvious.
Good ideas, but poorly organized as a presentation.
Look up Fed employees. What he says isn't true.
DiLorenzo uses the example of the crash of 2008. I'll just remind everyone that if the Fed had not bailed anyone out, the whole financial system of the USA would have failed. Talk about ruinous for capitalism. I should state clearly that I was not in favour of the bailouts either. On the other hand, I understood why they were necessary. They were necessary because loosened regulations on the financial services industry allowed them to take on some incredible risks that ultimately led to the crash. Alan Greenspan said at the time they all thought the market would be self-regulating, and that risk analysis would prevent what happened from happening. Well, it didn't, and the financial system around the world was shaken to it's knees.
I'm going to be honest with you all. No one has a definitive and macro AHA moment regarding economics. No one. Not even this guy.
He has merely tapped into a set of ideas that supports his own background in education and 'experience'. The 'synergy' of this confluence ideas has manifested for a time. And has timely presented a hill for him to stand on. But it's all still ephemeral. A fire and fury that could still be entirely baseless and not firmly rooted in reality.
And yet our ancestors suffered from mass poverty & starvation back when they used gold & silver for money.
ur so lost dude, just stop typing
And that is "cause and effect"? Huh?
People also suffer from poverty and starvation today in places where gold and silver isn't used for money. What's your point exactly?
only if your ancestors were commies.
That is only because technological development outpaced inflation.
Very poor speaker. Bye bye.