I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor their trade.. I will advice you to stop trading on your own it's very risky. Seek advice of a professional trader.
The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
No matter what people say but the best way to teach is to engage the audience regardless of how they do it...this guy clearly knows how to do this. Great stuff! And really helpful.
Food and Fuel are left out because they are more volatile and lead to misleading inflation indicators. Inflation is not a price increase of one thing in the economy, but a price increase in everything in the economy.
Thanks as allways! What about "Price Inflation",due to Commodity prices increasing and "Wage Deflation", due to a sluggesh economy and high unemployment?
When people talk about inflation, they generally mean ONE OF TWO things: a) expansion of the money supply (monetary inflation), or b) a rise in the average price level of goods (price inflation). Whether or not the CPI is a good INDICATOR of the latter, or the former, is often debated. The CPI is an index, & many economists would argue that it's geared to under-report inflation (since for example, it leaves out food & energy). Some would argue that the price of gold is a better indicator.
ON a minute 5.05 you said that banks now don't pass the money to borrowers so that these borrowers cannot spend more? Can you explain that pls. cause on the one hand interest rate is almost 0% on the other hand banks don't borrow - I have been stuck there - thanks!
The idea that inflation is based on wage increases is so 1970's... we are talking about commodity driven inflation - cost of goods going up dramatically (look at commodity prices at all levels) and also a loss of faith in currency = hyperinflation. Not "money flowing through the system"
No Inflation unless you eat food, use water, live in a house or apartment, heat your home, get sick, travel, pay car insurance, go to school, mail letters, or do your taxes
The concept is that there is a limited number of goods and services to buy. The more money people have to buy limited resources with, the more expensive those resources will get. The idea behind stimulus is that by making stuff more expensive people will start producing more to take advantage of high prices. The problem is that stimulus usually feeds into distortions and bubbles. The system becomes unstable, then gradually unsustainable. The correction then causes recessions.
@Robbob9933 this is an important point but a point that is not necessary for the video. The video is simply to explain the concept of of inflation for those who do not understand it. Bringing in the element of what makes up the CPI (and the politics behind it) adds a level of complication and subjectivity that would take away from the core purpose of the video (i.e. explain the concept of inflation in a simple way that is easy to understand).
The Government released USD 1 Trillion which was meant to increase public spending in the country, and in turn push demand for goods and services. If the banks are just sitting on the money what was the point of releasing those funds?
It took 12 years, another recession, massive job losses, supply chain interruptions, massive recovery, record low unemployment, record high job vacancies and a 5% rise in wages to finally trigger 8% inflation.
Although too much inflation is a problem, deflation is an even greater problem to the economy. So much stimulus check and money have been pumped into the economy to mainly avoid a massive deflation. If inflation does not follow, more and more money will be pumped into the economy, basically until we all start spending.
Poster needs to correct a major point, the Obama Administration removed food and fuel prices from the reported CPI. These are the two largest drivers of the cost of living. During the Obama Administration fuel prices have increased between 150% and 200%. Food prices are a bit tricky. The price for a box may remain the same but the amount contained in the box decreases. Say the medium sized box of cereal costs $4. It used to contain 18 ounces but now contain 14 ounces.
The price of food and fuel has stayed relatively the same to CPI over the long term. Food and fuel are treated differently because their inherent risk/unstable nature make it impossible to accurately price in a fair way in order to determine inflation.
there is little sign of price inflation year over year. with less construction and lower inventory demands, there is a corresponding drop in demand for most commodities.
@heartlessvietboy Reading back, you say inflation is caused by greed. That's a bold statement. I guess peoples' greed increases at a steady rate to, about .3 percent every year. I said inflation is caused by government printing money, and that is an unarguable fact. If you have a problem with that, well then you're just going to have to do some research. Business owners wish they could be a greedy as you accuse them of, but competition says they can't. Ultimately, consumers chose what to spend
Even more simple: Before QE Money in system : $1000 Average income: $100 Goods / services in system : 1000 Price per unit: $1 After QE ($1000) Average income: $100,- Money in system : $1000 + $1000 = $2000 Goods/serviices in system: 1000 Since the value of the goods or productivity has not been increased, now the price per unit increases to $2,- once the money gets into the real economy. Inflation = 2/1 = 100%, so real spending power drops with 50% (100/2 = 50%). .
A low and stable rate of inflation is BENEFICIAL for an economy, not dangerous, given that the reason for inflation is an increase in aggregate demand, and not excess monetary growth.
They're doing the same thing today as they did that caused the great depression. Only this time, it will be worse because people back then didn't have credit cards.
@durhamdf a separate issue I see is that this country as a whole loves to push its overall wealth or lack thereof down the road to future generations. We love to operate on credit lines rather than do the responsible thing and not purchase things we actually cant afford. What happens when those credit lines dry up or pull too thin? We're seeing this right now, yes? Do we as a nation need to think better about money in general? What about the abundance of lawyers, beaurocrats, BAD yes or no?
simple, whe nthe economy recovers and banks start lending out again the fed should enact contractionary policy, (selling treasuries) in effect "destroying" money and keeping inflation low. However, because it is difficult to determine exactly when the economy has "recovered" the fed will probably keep expansionary policy going to long and there will probably be mild inflation, Between 4-5%
@ryan84160 since we are in a money debt system, the debt has to be created somewhere to increase money supply and it is best to put that money directly into the hands of the people instead of into the banks who refuse to loan it out.
Hmmm.. I feel like this would work out okay in the end were it not for the fact that such a huge portion of that $10 t (which has actually been found to be around $16 t) were going to pay for treasury securities, since this is what the banks are doing with the money they've been lent by the Fed. This is forming a "government bubble" and there's no way to get rid of that debt without either high taxes or inflation combined with austerity measures. Wonder how this will work out in a few years...
so the bottom line is greed causes inflation. It is not because the dollar has lost value it is because people want to over consume. this falls inline with the fact the dollar had gained 450% in value over the last 60 years and remains strong.
Food & Fuel is not included in the CPI so that they can make it look like there is less inflation. They use Hedonics to substitute less expensive items that do the same thing to also fraudulently lower the index.
@dishesdealer417 Actually the CPI does include food in it. bls.gov/news.release/cpi.nr0.htm You're thinking of core inflation, which strips out energy and food prices.
It might be stupid to ask but why can't the gov put limits on the price of each goods and services so even if there is huge money supply the sellers can't increase the prices beyond a limit, and the gov can say that they should increase prices only for a valid reason such as raw material price increase or something and check it whether it's truth by sending any officers, so inflation doesn't occur, anyone???
6:19 - The Banks are not sitting on it. They are buying stocks. The stock market is not recovering, it's in a bubble created by the buying. 7:47 - How will the government siphon money from Banks? The banks own the money. The banks have spent the money. Read "Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown"
Great video ! Have you seen all the crap the youtube community makes on inflation? One guy who has 600 000 views basically sets inflation equal gold price, which is just horribly wrong. This shows that people shop around in opinions as they do in religions, even though information and knowledge is not exactly a free for all, one man one vote system. I hope your video will get more views, good luck !
Well maybe the banks should start giving some serious interest back to those that are actually saving with them. Right now 1% interest is unheard of. 10 years ago I was getting 3%. It would be going into the hands of those that are responsible enough to be saving.
If inflation happens because I have more money to spend, doesn't that even things out? Or is it bad because not everyone will get more money at the same rate, so it's bad news for some people?
There are several grievances with inflation. Notably it hurts savers as their savings would constantly be losing value. It also can increase the costs to businesses as they have to change their signs to accurately reflect changing prices. It then takes time and effort for depositors to go to their banks to withdraw/deposit money in relation to the inflation rate. Finally, people's behavior changes with that they expect inflation will be in the future, which can lead to economic problems. That being said, small amounts of predictable inflation is generally considered to be a good thing as it protects against a worse recession.
Some assets were overinflated (Bubbles) and these are correcting downward --houses for example--while most other items we use every day---food, gas, health insurance, health care--are rapidly rising to the turn of 10-20% per year. Some call this Biflation. This is harmful and destroys savers and retirees while favoring debtors like banks and people who spent too much during the last decade instead of being frugal. Savers are sacrificed to the benefit of debtors and spenders.GL!
Patty great explanation! thank you for sharing. I just dont quite understand the role of the banks. What I've learned is that banks don't sit on the money the Govt gives them. Instead, they CREATE money out of nothing thanks to the fractional reserve model in which they operate.
@godspawn007 Inflation does destroy the value of money, but at the natural rate of inflation, it is keeping up perfectly with the growth in output and wages will keep up. Inflation beyond the natural rate is what we actually experience, which we are not at yet, and actually does benefit the lower/middle class debtors against the big creditors. The Fed is "independent" but the president and congress can replace the board of governors on staggered terms, because of this the Fed is politicized
Isnt the fed perpetutaly going to cause more inflation and increase our national debt becuase of the printing of money? How can our economy truely ever recover if we are not trading sound currency?
1. if the bankers get this 10T and into the system, and yet not lending to businesses and individual, why is still getting more T into the system? 2. if the economy recovers, and the 10T got to be taken away from the system (which it has offered little help in the first place), and yet, if not taken away fast enough, it will create problem. So, why in the first place put the 10T into the system? too see if the "taken away" as a spectacular show for the audience??
I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?
That is true, you need an expert trader to make good profit from cryptocurrency trade
And this is the perfect time to invest in cryptocurrency because of the rise in cryptocurrency.
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor their trade.. I will advice you to stop trading on your own it's very risky. Seek advice of a professional trader.
@Ashraf Aryan I will recommend my current trader Mrs Sally Luis ,, she is from USA and her strategies are earning a lot of profit for me.
@Ashraf Aryan No exact amount but a profit range range from $8,500 depending on the coin fluctuation in the market.
The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
I like your Inflation explanation. I never really understood why prices suddenly increase, thanks for explanations. Appreciate your time Sir.
Wonderful ! This explanation made it easy to understand a interestingly difficult concept. Thanks Paddy! :)
No matter what people say but the best way to teach is to engage the audience regardless of how they do it...this guy clearly knows how to do this. Great stuff! And really helpful.
Food and Fuel are left out because they are more volatile and lead to misleading inflation indicators. Inflation is not a price increase of one thing in the economy, but a price increase in everything in the economy.
Perfect explanation! Illustrations helped a lot. Thank you.
Great explanation in these financial videos. Makes me want to have a drink though.
Thanks as allways!
What about "Price Inflation",due to Commodity prices increasing and "Wage Deflation", due to a sluggesh economy and high unemployment?
Thank you for sharing
When people talk about inflation, they generally mean ONE OF TWO things:
a) expansion of the money supply (monetary inflation), or
b) a rise in the average price level of goods (price inflation).
Whether or not the CPI is a good INDICATOR of the latter, or the former, is often debated. The CPI is an index, & many economists would argue that it's geared to under-report inflation (since for example, it leaves out food & energy).
Some would argue that the price of gold is a better indicator.
ON a minute 5.05 you said that banks now don't pass the money to borrowers so that these borrowers cannot spend more? Can you explain that pls. cause on the one hand interest rate is almost 0% on the other hand banks don't borrow - I have been stuck there - thanks!
watching this post 2020 means so much more. Thank you for your videos!!
Very well done, Sensei. Thank you!!
This video has shed a lot of light, thank you !
excellent work, keep it up. I watch your videos when it is slow in the office
Interesting time for me to watch it
The idea that inflation is based on wage increases is so 1970's... we are talking about commodity driven inflation - cost of goods going up dramatically (look at commodity prices at all levels) and also a loss of faith in currency = hyperinflation. Not "money flowing through the system"
Instead of CPI ,Should'nt we consider WPI(Whole sale price index ) Index as factor for measure ?
No Inflation unless you eat food, use water, live in a house or apartment, heat your home, get sick, travel, pay car insurance, go to school, mail letters, or do your taxes
thank you sir.
The concept is that there is a limited number of goods and services to buy. The more money people have to buy limited resources with, the more expensive those resources will get. The idea behind stimulus is that by making stuff more expensive people will start producing more to take advantage of high prices.
The problem is that stimulus usually feeds into distortions and bubbles. The system becomes unstable, then gradually unsustainable. The correction then causes recessions.
Thank you. Love your lectures
Good point that rising prices do not necessarily mean the money supply is increased to much. It can depend on a variety of other factors.
@Robbob9933 this is an important point but a point that is not necessary for the video. The video is simply to explain the concept of of inflation for those who do not understand it. Bringing in the element of what makes up the CPI (and the politics behind it) adds a level of complication and subjectivity that would take away from the core purpose of the video (i.e. explain the concept of inflation in a simple way that is easy to understand).
Could you do a video on the gold standard?
Like your act of throwing out the pen at the end😜
Another great video, Paddy !!!!
thank for uploading it! Made me understand:)
Are CPI's uniform across the globe?
The Government released USD 1 Trillion which was meant to increase public spending in the country, and in turn push demand for goods and services. If the banks are just sitting on the money what was the point of releasing those funds?
Paddy excellent as always, what about a video explaining Auction Rate Securities
what country is he from, and adressing?
Superb explanation paddy. Well played.
You are amazing
Taxation= creating a conducive environment for business; security, infrastructure and a prepared workforce= lower prices even more
Love the great information- Thanks!
It took 12 years, another recession, massive job losses, supply chain interruptions, massive recovery, record low unemployment, record high job vacancies and a 5% rise in wages to finally trigger 8% inflation.
Although too much inflation is a problem, deflation is an even greater problem to the economy. So much stimulus check and money have been pumped into the economy to mainly avoid a massive deflation. If inflation does not follow, more and more money will be pumped into the economy, basically until we all start spending.
And here we are in 2022. The topic has never been more relevant!!!
Brilliant! Thank you.
Very informative.
You are awesome...I wish you were my prof!
Great video, well explained.
Poster needs to correct a major point, the Obama Administration removed food and fuel prices from the reported CPI. These are the two largest drivers of the cost of living. During the Obama Administration fuel prices have increased between 150% and 200%. Food prices are a bit tricky. The price for a box may remain the same but the amount contained in the box decreases. Say the medium sized box of cereal costs $4. It used to contain 18 ounces but now contain 14 ounces.
The price of food and fuel has stayed relatively the same to CPI over the long term. Food and fuel are treated differently because their inherent risk/unstable nature make it impossible to accurately price in a fair way in order to determine inflation.
there is little sign of price inflation year over year. with less construction and lower inventory demands, there is a corresponding drop in demand for most commodities.
buying power has to do on how much space you have and price
say you had $70,000 cash how much can you buy with no house ?
These work great for my high school econ classes. Just wish so many did not end with a plug for alcohol...
Can't deflation due to QE occur because the private sector is paying down debt rather than entering the circuit of money?
+Bob “Bobsiken” Olsemann What do you mean by 'the private sector is paying down the debt'?
This video ages WELL. 12 Years ago and here we are again.
To me inflation is when a 600 pound gorilla becomes an 84 pound moribund gorilla, the purchasing power is weaken.
@heartlessvietboy Reading back, you say inflation is caused by greed. That's a bold statement. I guess peoples' greed increases at a steady rate to, about .3 percent every year. I said inflation is caused by government printing money, and that is an unarguable fact. If you have a problem with that, well then you're just going to have to do some research. Business owners wish they could be a greedy as you accuse them of, but competition says they can't. Ultimately, consumers chose what to spend
Even more simple:
Before QE
Money in system : $1000
Average income: $100
Goods / services in system : 1000
Price per unit: $1
After QE ($1000)
Average income: $100,-
Money in system : $1000 + $1000 = $2000
Goods/serviices in system: 1000
Since the value of the goods or productivity has not been increased, now the price per unit increases to $2,- once the money gets into the real economy.
Inflation = 2/1 = 100%, so real spending power drops with 50% (100/2 = 50%).
.
sir, you meant disinflation there right? anyhow just saying here..nice video.
A low and stable rate of inflation is BENEFICIAL for an economy, not dangerous, given that the reason for inflation is an increase in aggregate demand, and not excess monetary growth.
We are here folks
a lot of good points! great video mate
when would we get an increased misery index (stagflation)
They're doing the same thing today as they did that caused the great depression. Only this time, it will be worse because people back then didn't have credit cards.
We live in a society where everything is manipulated.
@durhamdf a separate issue I see is that this country as a whole loves to push its overall wealth or lack thereof down the road to future generations. We love to operate on credit lines rather than do the responsible thing and not purchase things we actually cant afford. What happens when those credit lines dry up or pull too thin? We're seeing this right now, yes? Do we as a nation need to think better about money in general? What about the abundance of lawyers, beaurocrats, BAD yes or no?
godspawn007 , see USSR, credit lines dried up. Their collapse sealed and realized.
Inflation vs supply and demand....I still dont understand?
simple, whe nthe economy recovers and banks start lending out again the fed should enact contractionary policy, (selling treasuries) in effect "destroying" money and keeping inflation low. However, because it is difficult to determine exactly when the economy has "recovered" the fed will probably keep expansionary policy going to long and there will probably be mild inflation, Between 4-5%
@ryan84160 since we are in a money debt system, the debt has to be created somewhere to increase money supply and it is best to put that money directly into the hands of the people instead of into the banks who refuse to loan it out.
Inflation is insidious, buy gold, silver, lead and food.
Hmmm.. I feel like this would work out okay in the end were it not for the fact that such a huge portion of that $10 t (which has actually been found to be around $16 t) were going to pay for treasury securities, since this is what the banks are doing with the money they've been lent by the Fed. This is forming a "government bubble" and there's no way to get rid of that debt without either high taxes or inflation combined with austerity measures. Wonder how this will work out in a few years...
what is creep inflation
describes a situation where prices rose a few percentages on average each year
i love this guy!
i love this guy:)
How does the govt siphon the money back, can you pls explain? Great video btw thx so much!
thank you :)
so the bottom line is greed causes inflation. It is not because the dollar has lost value it is because people want to over consume. this falls inline with the fact the dollar had gained 450% in value over the last 60 years and remains strong.
Food & Fuel is not included in the CPI so that they can make it look like there is less inflation. They use Hedonics to substitute less expensive items that do the same thing to also fraudulently lower the index.
@dishesdealer417 Actually the CPI does include food in it. bls.gov/news.release/cpi.nr0.htm
You're thinking of core inflation, which strips out energy and food prices.
I appreciate your video 🙂 Thanks.
It might be stupid to ask but why can't the gov put limits on the price of each goods and services so even if there is huge money supply the sellers can't increase the prices beyond a limit, and the gov can say that they should increase prices only for a valid reason such as raw material price increase or something and check it whether it's truth by sending any officers, so inflation doesn't occur, anyone???
Love it when he throws that marker and goes for a drink.
So how does inflation occur in the free market without the government intervening?
@EJWProduction **Future earning potential** is a better way of putting it.
6:19 - The Banks are not sitting on it. They are buying stocks. The stock market is not recovering, it's in a bubble created by the buying.
7:47 - How will the government siphon money from Banks? The banks own the money. The banks have spent the money.
Read "Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown"
Well I suppose there were a few giant lawsuits made that might have helped?
it's rarely that there is just one reason behind a rise in inflation.
Great video ! Have you seen all the crap the youtube community makes on inflation? One guy who has 600 000 views basically sets inflation equal gold price, which is just horribly wrong. This shows that people shop around in opinions as they do in religions, even though information and knowledge is not exactly a free for all, one man one vote system. I hope your video will get more views, good luck !
Thnx for the information I got a high mark because of this video :D
Well maybe the banks should start giving some serious interest back to those that are actually saving with them. Right now 1% interest is unheard of. 10 years ago I was getting 3%. It would be going into the hands of those that are responsible enough to be saving.
If inflation happens because I have more money to spend, doesn't that even things out? Or is it bad because not everyone will get more money at the same rate, so it's bad news for some people?
There are several grievances with inflation. Notably it hurts savers as their savings would constantly be losing value. It also can increase the costs to businesses as they have to change their signs to accurately reflect changing prices. It then takes time and effort for depositors to go to their banks to withdraw/deposit money in relation to the inflation rate. Finally, people's behavior changes with that they expect inflation will be in the future, which can lead to economic problems. That being said, small amounts of predictable inflation is generally considered to be a good thing as it protects against a worse recession.
I liked the ending. XD
Plus I learnt something new.
Some assets were overinflated (Bubbles) and these are correcting downward --houses for example--while most other items we use every day---food, gas, health insurance, health care--are rapidly rising to the turn of 10-20% per year.
Some call this Biflation.
This is harmful and destroys savers and retirees while favoring debtors like banks and people who spent too much during the last decade instead of being frugal. Savers are sacrificed to the benefit of debtors and spenders.GL!
Patty great explanation! thank you for sharing. I just dont quite understand the role of the banks. What I've learned is that banks don't sit on the money the Govt gives them. Instead, they CREATE money out of nothing thanks to the fractional reserve model in which they operate.
For those interested in the subject of inflation, look up Milton Friedman!
wow!! impressive~~!!!
@godspawn007 Inflation does destroy the value of money, but at the natural rate of inflation, it is keeping up perfectly with the growth in output and wages will keep up. Inflation beyond the natural rate is what we actually experience, which we are not at yet, and actually does benefit the lower/middle class debtors against the big creditors. The Fed is "independent" but the president and congress can replace the board of governors on staggered terms, because of this the Fed is politicized
@dishesdealer417 Back in the 1970s, they would actually inventory shopping carts.
Isnt the fed perpetutaly going to cause more inflation and increase our national debt becuase of the printing of money? How can our economy truely ever recover if we are not trading sound currency?
@heartlessvietboy I think that prices would probably be falling if it wasn't for stimulus and currency inflation.
1. if the bankers get this 10T and into the system, and yet not lending to businesses and individual, why is still getting more T into the system?
2. if the economy recovers, and the 10T got to be taken away from the system (which it has offered little help in the first place), and yet, if not taken away fast enough, it will create problem. So, why in the first place put the 10T into the system? too see if the "taken away" as a spectacular show for the audience??
Siphon = taxation
Isn't that the goal of Keynesian economics? To "increase purchasing power"?
Gold and silver is real money
actually they aren't included because food and fuel prices are constantly changing