Everything You Need To Know About Money, Inflation | How The System Works | ENDEVR Documentary
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- Опубликовано: 19 июн 2024
- Everything You Need To Know About Money, Inflation | How The System Works | Business Documentary
While the world comes out of economic recession due to the pandemic, a lot of things are changing. High inflation, stimulus packages, interest rates. All these words are popping up on the news, but it’s hard to figure out how does the whole system work. In this video, we explain all of that and more.
Chapters:
00:20 Hyperinflation
14:59 Fiat Currency System Explained
23:32 What if the dollar was still pegged to gold
34:58 Why we might have high inflation soon
43:32 Zombie companies
Sources: bit.ly/3iEQamt
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A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
These are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The bigger the red candles, the bigger the green ones.
Investing in stocks can be a wise decision, especially if you have a dependable trading system that can lead to successful outcomes. Personally, I've been working with a financial advisor for about a year now. Starting with less than $200K and I'm now just $19,000 away from making half a million in profit.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same. Is there any chance you could recommend who you work with?
Carol Vivian Constable 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..
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place.
It has never been simpler to grasp how to expand your wealth than it is right now, thanks to the availability of competent portfolio advisors that can help you experience and learn about a market with a wide range of assets. I think it's impossible to predict how changing dollar values will affect assets.
Yes, I have been in touch with a CFP ever since the outbreak. Today, investing in hot stocks is quite easy; the difficult part is deciding when to buy and sell. With an initial starting reserve of $80k, my adviser chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Sonya lee Mitchell 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.
I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.
If you’re experiencing a dwindling portfolio, it’s important to reassess your investment strategy and consider making changes to your portfolio. I diversified my three-funded portfolio by investing 50% in a total U.S. stock market fund, 30% in a international stock market fund, and 20% in a total U.S. bond market fund. My $500K investment has grown to over $3.2M within a few months
TBH, 25% of my portfolio is in the red and I really don’t know how long I can stomach the losses. I’m beginning to reach a breaking point.
@@AddilynTuffin I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $100k in value stocks and digital assets,Up 800k so far.
@zahairobrian671 My advisor is “Sharon Louise Count”. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision. I basically follow her trade pattern and haven’t regretted doing so
BOTS. ^
Invest it all in gambling and alcohol that's the safest bet
The economy is already in shreds sadly 😔 . I used to think everybody went broke during the Great Depression and other major crashes but they didn’t… Some made millions, I also thought everybody went out of business during these times but they didn’t, some went into business, there's always depression/recession for some people and there's always a good time for others, it's all about perspective.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with much needed experience
@finestbearhug2951 That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
It was easy locating your coach's webpage by looking up her name online. Did my due diligence on her before scheduling a phone call to use her services. She seems proficient considering her resume.
Inflation is created by the government/fed, by both shutting down the economy thus reducing output & massively increasing the money supply. Flooding the money supply without increased production reduces demand for dollars causing real inflation.
There is a perfect storm forming in America. Inflation, sever drought in the farm belt, the pandemic, food shortages, diesel fuel and heating fuel shortages, baby formula shortage, shortage of and price of available cars, the price of housing. It's all coming together and could lead to real disaster toward the end of this year.(or sooner)
@Stanley Edwin I have saved myself from all the hassle that chaotic market causes. These days the best way to come into the market space is reading, studying, patience and seeking guidance when necessary, due to my line of work i can’t handle my portfolio so i just copy the trades of ''Theresa Mary Chamblee''', a FA i saw on Bloomberg business news. It’s been smooth since then.
@Stanley Edwin Honestly, if you look at history thing to repeat. 1. Inflation was bound to occur. For 13 straight years the stock market hit new record highs. Something similar happens in crash of 1929 and and crash of 1987. 2. We are starting to see an economic shift in stock market.
The numbers don't lie .people do .
Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 15 months and l've accumulated over $700K in pure profits from DCA’ing into stocks, ETFs, dividends and futures. However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait.
Nobody knows anything you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving.
@@McElvinn I agree, that's the more reason I prefer my day to day invt decisions being guided by a fin-advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a fin-advisor for over 2years+ and I've netted over 2.8million.
@@corrySledd I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
@@sherryie2 credits to NICOLE DESIREE SIMON, one of the best portfolio manager;s out there. she;s well known, you should look her up
@@corrySledd I looked up NICOLE online using her fullname and researched her accreditation. She seem very proficient, I wrote her detailing my Financial market current position, goals and scheduled an appointment. Thanks
“Most people fail to realize that in life, it’s not how much money you make. It’s how much money you keep.” - Robert Kiyosaki
the kids today have no concept of that
Scary. Starting to see this in Australia. The crazy part, many people are getting zero wage rises to compensate.
Same in the US minus the people lucky enough to have union representation and the ability to strike . Even then it's minimal .
Wage raise only accelerate this. What you need is more production
@@jonathanleclerc2788 more production/ innovation to automate jobs and workers lol 😂
@@jonathanleclerc2788 The United States produces nothing. All we do is transfer money around.
@@jonathanleclerc2788Wage raise causing inflation is a huge lie made up by corporates & on their payroll economists, as they don't want to pay more in wages in order to maximise their profits & their shareholder earnings. Wages are lagging way behind the true inflation rate, not the CPL(I)e rate.
Year-over-year inflation stood at 6.5% in December 2022-the lowest that figure has been in more than a year. Inflation was in line with what economists expected and gave many of them a reason to believe that the peak of inflation may be behind us. I have approximately $150k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?.
you’re right! The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.
I'm sure the idea of a coach might sound generic or controversial to a few, but new study by investopedia found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounter, I can say for certain their skillsets are topnotch, I've raised over $386k from an initially stagnant reserve of $111K all within 14months.
@@mayacho4910 I've actually been thinking of reaching a portfolio-adviser, my 401k and stocks been losing everything it's gained since 2019, mind if I looked-up this one coach you use?.
@@danielkey1463 The adviser I'm in touch with is 'BRIDGET MARY TUROW". You can use something else. for me her strategy works hence my result.
@@mayacho4910 I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a session with her and let's see how it goes. Thanks.
Scarcity is reality. Thats why a 100% gold standard works, period.
Providing junkies with as much of their drug as they can consume until overdose is inevitable.
Printing money is the same thing.
The central banks are the problem. They are the drug dealer with no limit to the amount of drugs they can supply to the junkies.
Deflation and the liquidation of toxic assets is the rehabilitation that must take place to fix the sickness of debt addiction.
Production and real savings grows an economy, not debt borrowing.
Look at Andrew Jackson's actions regarding the 2nd bank of the United States. Theres the empirical evidence.
I couldn't agree more. Sadly, many of us doesn't know this information. If majority of people realize that we've been conned, there'll be revolution to stop that evil system.
@@irontigran4335 didn't Henry Ford say something right along those lines?
The gold standard doesn't work in a global economy. Period.
@BigHenFor yeah actually it's the only honest accounting system that does work.
When there's no gold in government coffers, they've got no purchasing power. But we're talking about honesty.
The words politicians and honesty don't go hand in hand.
It's been used worldwide for 5000 years as the universally accepted form of money.
Gold and silver inflows from exports give citizens purchasing power. When they have savings and want luxury goods from other nations the gold and silver outflows to the other country until the metals become scarce and its time to save and invest in productivity yet again.
Goods are produced, and exported and the metals flow back. It's a self correcting system that requires honest account.
It's only with interference from government in the form of debasement that it's ever failed.
But what's the difference in a printing press?
Greshams law shined good and bright here in the US from 65 on. When the new coinage started being minted, the silver coinage began to disappear from circulation.
Why is that?
What's the value of that silver coinage now compared to the post 64 coinage?
Gold and silver are money. Everything else is credit.
They're literally legalised cartels
Thanks for this video! Learnt a lot!
I think a weighted commodity standard is the best! These weightings would slide as needed
gold 25%
silver 20%
oil 15%
uranium 10%
Copper 20%
BTC 5%
Platinum 5%
Thank you very much!!!! Excellent video!❤
Exactly!
Very comprehensive information. Thank you so much 💓 💗 💛
Informatively enlightening
No country should be able to print money as they wish people are losing trust in the financial system and a handful of countries are abusing the system
Only a handful?
Coutries shouldn't have control over money. Enter Bitcoin
@@68qsreg7sdfg65 How naive.
Thanks a lot,I learned lot.
We should never have shut down any business for any reason. Catching a germ in public versus starving I would risk catching a cold and having a pocket full of money.
All we need to know is that yes there was a very bad virus and it did not fix anything after the shot.Just made people poorer as that was the purpose.
Thank You!
Investing in today is priceless because tomorrow isn't promised, trading bitcoin, gold, silver or any other crypto secure a better tomorrow.
That's true
I do see it that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.
Its really needful for beginners not to settle for videos alone or they will see themselves losing all their money just like me when I newly started trading with this videos here on RUclips
She's awesome she has managed my investment so well and my weekly returns are mind blowing.
Her success story is everywhere.
To the critics he said!!!!! Lolll. Nah. They aren’t called critics. They are called anyone that knows the truth of what’s happening.
thank you sir
i love this do one more like it
Thanks
All these theories abound, all sound plausible. However, you are intending to keep the same moneytary system. We and many are more aware of how this system doesn’t work for most of us. We want to rid of the central banks, the Fed and all the regulations that keep us as debt slaves. The Fed charges interest for fiat money, so are we to become free ever?
Debt is wealth!
Success is dependent on the actions or steps you take to achieve it. Show me a man who doesn't have an investment, and i will tell you how soon he will go broke. Investment is building a safe heaven for the future. With the right choice of Investment that has at least 1% minimum risk and with an expert guidance, profit and Intrest is 100% guaranteed.
I agree with you. I had a senior colleague at work who was living well but never had an Investment, unfortunately his work was terminated,so he went from living well to surviving with his family.If he had invested when he was still working, he would have had another source of income.
Investing is a prior decision to make for the future. If you are seeing this and don't have an investment, please do make plans to invest so you don't end up like my senior colleague at work.
This made so much sense, just like he said " for one to invest, the person have to consider an appropriate choice of Investment with at least one percent minimum risk , profits margin, a mentor and expertise to guide and help you manage your Investment portfolio.
With the help of Angelina Morris who works with an Investment organisation in England, I have been investing in the Foreign exchange market, Stock, and dividends with her expertise and guidance,she has helped me make huge profit on my Investment portfolio.
@@halasultan6439 Oh its great to see someone who also benefit's from the services of Angelina Morris indeed it's a small world. She is my portfolio manager and mentor too for 2 years and still counting and I have made profit of 93,795 usd from my initial amount of 5100 usd with her managing my portfolio.
Around 2 weeks ago my mom stopped buying La Croix, those fizzy water drinks because they were too expensive now. She said they're like 5 or 8$ a dozen.
I had the most money I've ever had in my savings account this past January . After a breakup and being the only person in my 1 bedroom apartment , raising rent and food prices , this saved money is almost gone even with being extra frugal.
Modern day cohabitation is a liability since modern day vvomen are extractors instead of producers
@@modernvvomenareuseless2576 Incel much
@@jonathanleclerc2788 femcel much?
@@lukahribovsek5563 What is femcel?
Hope everybody is ok
No
Yea sum of us are broke homeless. Dont highlight the pain. Wish a good night.
Are you ok?
@@winnet4081 better now, in sober living Begin work next week after stepdown, could use a cigarette hah
@@winnet4081 yes faith is so fun
Check velocity for M1 and M2... and we have >5% inflation... Imagine when the velocity picks up!!!!
Consumer spending is up last month, it might be beginning. Stack up/stock up.
Debt is slavery
then don't incur it
Anna is legitimate and her techniques is also very good and asmome .
Let's see, high debt, printing money, high imports, corrupt leaders, weaknesses of the currency, and printing money.
Get ready America.
If that happens whole world will suffer.
Most of the Central banks have huge reserves in USD.
If USD becomes worthless, then every Central Bank will lose their wealth.
@@Charvak-Atheist just think when they start making them $1 trillion dollar coins, but the American economy is failing.
Just think, U.S. debt is already 102% of GDP.
@@rickhicks6833 yes, I am not denying it.
I am just saying, when USD becomes worthless and US economy crashes. It Every countries economy will fall with it.
@@Charvak-Atheist that's going to be sad that so many others will be hurt.
But the current direction is not looking good.
They just announced today that recession signs are starting, which means it's actually here.
Yes we're definitely next 🇺🇸💵🔥🔥🔥🔥🔥
Good video! Real estate investors will always be richer when inflation is high. If people only save money in the bank they will be slaughtered!!
OK Mr Foreigner
Transparence et éthique professionnelle.
Absolutely can not wait to come back to this video in a year to see how bad it has aged. If we still have enough of an economy left by then for internet to be available to the average person.
we'll its already happening in US, shortage is everywhere and inflation all time high since 2008
Lol easy pal, you think internet is going to be out of reach for the normal person? C’mon now
@@wilson6387 yeah well I guess we'll see lmao
@@justincosby2258 lol for sure
well?
This was very informative, however I feel like they gave a lot of excuses for what the politicians are doing. Also it's a bit dated, they keep pushing out the date that inflation will stop
The starting point for hyperinflation in ALL the examples brought in the first part of this video was war (including sanctions and blockades).
Is there any example of hyperinflation not caused by a country being subjected to acts of aggression ?
All wars are bankers wars.
The two wars Zimbabwe fought in the Congo were NOT defensive wars against them, but wars of choice by the Zimbabwe government. The Zimbabwe situation was 100 % self inflicted. The seizing of private property caused a loss of faith in the government by foreigners and the victim class, and there was no future aid to help with the transition to crony farming. Venezuela didn't make the top 5 (YET), but its situation is very similar, no war at all, just revolution and sanctions and looting.
Venezuela?
Zimbabwe. No war
Brazil
nice video.
Thank you for reminding me of my Childhood as a Zimbabwean
I hate how Westerners speak so dismissingly of Zimbabwe
@@Dahlen4Dummies i was holding my breathe the whole time, it could have been worse
@@Zimboprenuer You might have beaten Hungary.
How did Zimbabweans managed to feed themselves, if Zimbabweans could not afford food? And pay for education or medicines?
@@deviouspirate1374 corruption
Inflation is an increase in the money supply. Prices rising is simply a side effect of an increased money supply.
This is an important point that you didn't highlight.
Exactly true, but..... the definition of inflation was changed after 71 to of course help hide the reality of economics.
Peter Schiff hammers this point constantly and he's 110% on point.
@@jasonboursaw3258 Agreed, good point!! But I think anything that happened after '71, that has to do with Monetary Policy is simply to fool people into believing this SCAM is actually real hahaha love Peter Schiff! Guy speaks truth. Although I don't agree with everything he says, he is still a great source for accurate information.
@@kristosroshi4871 interesting point... I learnt something today
@@kristosroshi4871 oh definitely, everything since 71 was made much more complex by design. Such as the CPI, Keynesian mainstream thinking as fact instead of the fiction that it is.... etc..
Schiff is a 2nd generation crusader. His father was a crusader before him and actually testified before congress about what would happen to the dollar and the economy if gold was removed, and..... he was 100% right. Just as Peter is right in the long run about what's coming. He gets marginalized because of timeline forecasts. (Of which nobody can predict accurately.)
But he and the Mises Institute fellas are all right.
Austrian economics is economics, period.
All the rest is witch doctory!
Thats because theyre trying to make it sound like the current economic system is superior to the gold standard. But they are very obviously smoking crack to anybody with any basic idea of economics and history whatsoever.
The only chance we had at a liquidation of debt and real long term viable recovery in recent history was Ron Paul and Austrian economics.
We blew that opportunity.
Not sure we blew it,the CFR chooses the puppets that rotate in politics to g,Goldman,
and the Fed.We just watch it happen ,or watch football.
@tommyboy1653 bread and circus my man. Aka, guns and butter...
There are very very few honest men in politics.
The label statesman is not a commonly used term any longer when referring to a man in politics.
Incentives are too perverse to attract the right type of people into the profession any longer.
To say Ron Paul was a modern day anomaly is a mass understatement.
More no votes than the rest of the house members put together during his time in congress.
If that doesn't say something, Idk what does.
Politicians need to be forced to watch this and told "if you do this, you are fired, we will take all your possessions and kick you out of the country."
Every single point he mentions generates More Questions from me !!!
Give us a current report on economy and inflation, very important topic for Americans to know and how the people can be able to cope up with higher inflation
You can learn more here than you can in an economics class.
People are testing and reproving the gold standard by applying it to different crises that the fed fiat system has caused.
We're next!!! 🇺🇸💵🔥🔥🔥
@0:27 @ENDEVR definitely is mislead about the definition of Inflation which it stated was the change in the price of goods when the real definition of inflation in economics prior to the change was the "Expansion in the money supply" you cannot inflate prices rather you can increase them but you can inflate the money supply and using a pool of water you can say as the money supply increases the byproduct of that would be an increase in the cost of goods and services
Counterfeiting is illegal inflation... Whereas, inflation is legalized counterfeiting... At least, that's how I've come to understand it.
Nice video but you need to double-check that inflation ranking. Check Venezuela's inflation and you will be surprised.
The US dollar in Venezuela is now worth ten dollars, isn't it? :-)
Thanks am zambian i would like to say that on Zimbabwe you left out sanctions by America which in my view brought the country down apart from the land redistribution
Americans: "It will never happen here! The US dollar is an unstoppable behemoth!"
History: "Okay, buddy. See you on the other side."
Cognitive Dissonance
Lol, good comment. Heard another the other day, “How do you make God laugh? Tell him about your plans”
I'm making a whole lot of profit off trading stock. at the same time, I'd like to invest in forex and Bitcoin as i heard it's really happening
@Felix Gallardo I will recommend you to my broker ⬇️⬇️⬇️
what's App ⬇️⬇️⬇️
+1786
550
1483
END THE FED.
When people say this, do they mean the federal government, or federal reserve, always confuses me
@@whostolemyTV federal reserve
@@whostolemyTV both, I hope
This was too heavy for me. I have to watch it several time in order to really understand our economy.
@32:39 143 million ounce 3 has an esoteric meaning (all numbers do). weird choice to state it in, metric tons or bars or pounds. but thats the imperial system.
1.43 Ounces = 40.539818 Grams
0.33 Ounces = 9.3553426 Grams
1.33 Ounces = 37.704866 Grams
A gold bar is 1000grams or 1Kg
can you have a bubble economy on the gold standard ?
Do we have the petrol-dollar ?
"The weight of gold is measured in troy ounces (1 troy ounce = 31.1034768 grams), however its purity is measured in 'carats'. 'Caratage' is the measurement of purity of gold alloyed with other metals. 24 carat is pure gold with no other metals." - - World Gold Council. Right now there is no standard gold bar. Buy hold in the West, you will be sold it in Troy Ounces or grammes. In India, you will be sold gold in Tola, or grammes. And many bullion merchants choose which units they use. Secondly, the Gold Standard is no less arbitrary than fiat, because the ordinary person still has to trust in the valuation. So who do you trust, when it's the same government who sets the initial currency valuation anyway? And for the cons of going on the Gold Standard, you should read "England's Cross of Gold: Keynes, Churchill and the Governance of Economic Beliefs" by James Ashley Morrison. And it must be said that a gold standard would not have protected us from 2008.
This represents egregious over complication of how fiat money systems work. Hyper price inflation is ALWAYS and solely the result of hyper monetary inflation (defined as grossly raising the ratio of money in circulation to goods and services in the marketplace (GDP). Wars and the rest of the factors cited are merely of secondary relevance. Read Milton Friedman's essars on how monetary systems work.
Romania , Hungarian , Zimbabwe, be like: lets print money like no other
USA be like : hold my beer
Wow hyperinflation is so interetsing
Gotta love that 100 trillion bill its a collectible now.
What about Venezuela? They should also be in there with them countries...
Maybe cause Venezuela was not as bad as those TOP 5. Lay off the right wing media brainwash
If we were in a gold standard, 2008 collapsed would not happened to begin with. Central would not have enough money to lend to everyone to buy a house when the buyer can not afford it.
Shout out to epoch times, Crossroads, china in focus, facts matter, eye-opener, project veritas, deep dive, Counterpunch, facts matter and NTD. Great news reporters and undercover journalists. Check them out everyone
Nah
Yep
Policy making depends on news from those media sources? OMG! That explains why US policies towards China have failed for the past 30 years.
How is Venezuela not on this list?
The country is favoring the big technology, include fed reserve, congress and senate, they all buy the index fund and support those big technology firms, those firms control the price and service commission. For the reason of serving corporate america, we all should pay more money to support those firms' revenue and growth.
Money is a teaching with invisible judgement upon ones spirit
This does not explain why savings accounts pay .03 and credit cards charge 20% or more.And mortgages charge twice.
Relax man, you forgot to consider that the "extra" money used to give the aid was not simple printed, it's was borrowed. The bonds will have to be paid in the near future and the cash to make it will come from increasing tax rates or GDP growth.
ANYBODY ANYONE!? Im new in learning how money works, i started today to change my future, im a broke man with kid and need to step up, what would be your best advaice?! Im very greatful but I must get of this poverty
any one who says they know fore sure waht is gonna happen one way or another is lying.. best bet is to maybe have some hedge against inflation have some cash have some stocks (in waht ever you see fit) and have some whisky smoke a joint and see waht happens and hope for the best.. good luck yall
I'm drink to that, buddy! 🙂🇦🇺🇺🇸
Hyperinflation is not a modern phenomena. Plus it is easy explained in a few words. When money is produced that is far greater than the available goods and services inflation occurs.Governments inflate as they have no other option (for example no government will stop or decrease benefit payments too much as the risk of people rising up against them would be too high so they print more money instead, causing more inflation until some point in the future this turns into hyperinflation.) Inflation is always due to governments (via banks) printing too much money. There is no other cause. It has been increasing globally for over 100 years but it is is only now that we have reached the blow up stage. The hyperinflation about to begin will effect nearly every western country in the world. In fact all countries that use fiat money (backed only by trust in government) as currency will experience it to some extent.
I've been following your content for a while but it's a shame that you didn't mention the "white-owned" land in Zimbabwe was gotten through colonialism. Also, Zimbabwe was hit with sanctions from the West from all angles and weren't even able to import machinery which led to the hyperinflation
Not everyone able to save money during lockdown loss job EDD take longer time to pay all bill need to pay on times taken from savings now gone.
Gold standard for savings would work.But probably not for the rest.
Venezuela didn’t make the top 5? Color me shocked
Lebanon too
What of Venezuela???
I am now well informed about the history of inflation and how it will affect my present moment to future projections of money supply and value
អរគុណបានជាវ
I thinking comes down to wether you believe that a government intervening in business and commerce is a good thing or allowing people to figure it out themselves is better. I’m a big believer in non-intervention.
You don't know how money works. Try thinking outside the box.
'The rising tide, that lifts all boats'
... not if you are black
Interesting
Well, you can kick off Greece from this list and replace it with Venezuela somewhere between the five first about hyperinflation...
Thanks for the video. It's good.
You will need to add US in future
Just rearranging deck chairs on the titanic we all know it
Don't save cash in your bank spend must of them in Real estate, No matter what happens, your real estate will remain valuable and may decline, but if the ordeal is overcome, its value will return to rise
USA: Hold my beer!
You put the whole video together and not a single mention of the role the United States and European powers had in the destruction of these countries?
The basic economic history is interesting, but do better than this.
Is that why U.S people have a lot of debt and the people are very poor.
1 oz = $35. Now 1 0z = 1800.
I was supposed to watch this video 1 year ago and should have bought whole lotta PUTS on market. That would be nice. Still hyper inflation and recession on the way
супер праграма народныи доходы бизсмени
The video is biased towards “worthless fiat currency”. Fed has only one way to react to “any situation” - it’s limitless printing of money out of thin air
The problem that I see with the GOP is that they plan to steal the election from President Joe Biden, then what? As far as plans go that really sucks!!!1
The gold standard was abandoned in 1971 not 73
In Zimbabwe's case you forgot to mention The Zedra sanctions that are still in place
exactly he conveniently left that part out, which makes me question the accuracy of everything he previously said
How can sanctions make bread unaffordable in sanctioned countries if it is baked in local bakeries?
The name of the game is bailout
Debt saturation.. nothing more.. nothing less..
No we have always had debit. It wasn't a problem when you became a "Socialist" gave away 1 trillion dollars to Wall Street in 2008 no questions asked.
Basically, going to war as a small country = bankruptcy. Kinda like relationships 😆
At least they learned how many zero septillion has..
It is pure hypocrisy to tell the people you are concern about the environmental effects of digging up more gold when in fact the raw materials that supply our big tech corporations came from digging up the environment. :)
I think it's really just a diversion to the actual problem which is the current monetary system with fiat money, interest and banking as a whole
No matter how much they dig gold, they can't because they are limited and subject to natural resource reserve. Govt cant create gold out of thin air like paper currency
The relationship between individuals and fiat currency often resembles Stockholm syndrome, as people become attached to a system that holds them captive, despite its inherent flaws and manipulative nature.
anyone else see that we are on the same course?
We just got put of a
*twenty year occupation
*40% of all usd in circulation was printed in the past three years
*some groups are demanding reparations
*we have next to zero reserves (gold)
🤔