The international travel restrictions suck so bad, I haven't been able to visit anyone in ages. With PC prices, go retro or older games, heaps of value there. Old games are all patched, cheap and good fun :) Hope you can see you child soon!!!
I'm lucky all my family is here in the US within a few hours drive, but far as playing older games, yep I've been going through my STEAM backlog, and having a blast along with less demanding newer titles that will even run on a potato like my work computer with an AMD R7 240 2GB GPU.
Im 32, turning 33 next month. I started going grey when I turned 20. Now im bald and my beard is 50% grey 50% black. Dont over think it mate, atleast you have hair 😄
Yeah man I used to go the the gym with a blonde girl that was nearly entirely grey at 25 but she was still extreme good looking grey hair and all no one cared, I started going grey at 35 as did all my blonde friends, now at 49 my beard is almost entirely grey, hair about 25% grey but it's fine, no problem compared to the other general effects of aging, losing eyesight, sore joints old injury's that don't heal etc. Hair colour.. doesn't matter
About age 21 my hair started receding and about 24 my hair started turning white, skipped the going grey part entirely. Now many years later i still have as much hair as i did in my 20's and still not even 50% white, never figured out the cause, also figured better early so don't have to worry about it later.
Got that right...it's probably not the job its just age related...everybody starts turning grey on the sides too. Thought I was going to be ok with the hair thing, then I turned 46 and someone just clicked on a light or something with the bald pattern. Not much you can do unless you have big money.
I've actually just watched a couple of your videos that feature your son in Japan, hunting computer parts. He's a cute little guy and I hope you get to see him again soon.
The GPU manufacturers are quickly learning that as long as there is supply, people will pay any price for cards. Don't look for prices to go down soon, if ever.
The problem is systemic. But if it doesn't balance out soon enough. CHAOS. For example people need hardware to enjoy software. A lot of Game Studios will go out of business if people don't buy games. They will raise prices and will shorten the range of available customers. Anyway it's a rabbit hole. This is caused by a manipulated system and we are not the ones manipulating it. It's not just shortage on parts and so on. So companies don't want only a few customers, they want money and a lot of customers is what i mean. *Not a specialist, just observing and thinking stuff.
@@monstronir This. If they don't fix this within a year, it'll cripple the PC gaming market. Microsoft and Sony will come out the winners since they'll continue to produce Playstations and Xboxs at a loss in exchange for the recurring subscriptions and royalties they recieve from publishers/consumers. There's a reason the STEAM hardware survey is dominated by budget GPU's: 1. GTX 1060 2. GTX 1050 Ti 3. GTX 1650 4. RTX 2060 5. GTX 1050 6. GTX 1070 7. GTX 1660 Ti 8. GTX 1660 Super 9. RTX 2070 Super 10. RX 580 One "premium" last gen card in the top 10. The first new gen card is the 3070 at 17th. Over 80% of the market share of cards on the survey were considered some level of "budget" pre-pandemic. These people aren't going to be able to afford, or be willing, to replace their cards if the new "budget" is $1000 for a 3060 Ti.
@@Oz1976 yep. This exactly. I still run a gtx970. Perfectly happy with it quite frankly though I was thinking of grabbing a 3070 once they come out. Nevermind. Absolutely no point. The 970 cost me 350GBP when it came out. The 3070 Is like 800GBP. I went and bought a GPD Win3 instead.
@@monstronir You have that correct. But game developers can program to the hardware that's out there--thus killing the need for ever-increasing system requirements.
Me too, everything he says is true, over the past year the price of everything in Aus has been increasing at a concerning rate. Houses, cars pc parts and even groceries have gone up at least 15% since last march it's not good...
The US stopped releasing M3 money data in 2008 before the Great Depression happened Recently (like last week) the US announced it’s not releasing M2 and M1 money statistics. 🤔🤔
It's cool you're back, Tech YES City! You're pretty much spot on- Prices aren't rising, money is losing value to give that appearance. Hope you manage to get back with your son soon. All the best. PS. The hair looks awesome- Ever play the classic Wing Commander? I'm sure the guy giving the briefings had that cut.
I think you're confused. In some inflationary environments, prices rise because money loses value. That's not an "appearance." It is also important to understand that prices can rise for many other reasons besides a decline in the value of the local currency. Right. So just because prices rise, we cannot automatically assume a currency is worth less. In your example, if money wasn't losing value, then prices wouldn't be rising. They're intrinsically linked to one another.
@@FlyByWire1 Let me rephrase... Money losing value makes it look like prices are increasing... Both are true, but the average joe cannot see nor comprehend that it can happen like this.
Your hair reminded me of gibs from NCIS (which is definitely a complement ;). And also I'm glad you made this video and got the word out. The world is going to be changing in the next few years and it looks like we are going to have to change with it.
I agree. Last year I saw the first stimulus package in the US and I knew I had to buy a house. By fall we found an off market deal where we only paid a small premium. Last month the house next door sold for 35% higher even though it's smaller and more outdated. People keep saying it's temporary, but I don't believe it.
In South America we have had inflation problems for a long time. Venezuela and Argentina are the best examples of it. In those cases, is common to see people from those countries buying American dollars to avoid having their savings affected by the inflation.
Bryan, I'm have the same but opposite problem. I'm stuck in Japan, with a plan to be in Japan for 1 month ending up one year, trying to get back to my parents in Australia. Have you watched the coldfusion documentary on money?
Hey Tony, haven't watched that documentary yet, but will tune into it, thanks for the recommendation. In terms of getting back that sucks as well, I just don't get why the gov is letting people travel for business / people who need to see their pets and not letting people who want to see their family first.... it really does make me sick.
The effort your putting forward towards your son is what really matters he’s a smart kid and as long as y’all talk and he knows you love him and will be there ASAP you can’t go wrong. Keep being a good man!
You are very correct, M01 supply has increased rapidly, but inflation ”hasn’t increased”, according to FED... The target fiscal inflation rate is 1.5-2%, and I very much believe that we are over that percentage. Tldr Accroding to monetarism, invented by Milton Friedman, printing more money leads to inflation. For example, ~40% of the us dollar has been printed in the last year. We are experiencing inflation.
If you print money, with low interest rates you encourage people to spend money to stimulate the economy. If people don't spend the money depreciates. If interest rates are low the safe bet (government bonds) are avoided, but governments typically keep it low to lower their overall interest rates they must pay on their own debt each day. As you mentioned though if you borrow you essentially pay back less in the long run, this to encourages spending. The biggest issue though for all of this is the pressure it puts on the economy as folks spend recklessly and invest in high yield bonds, or stocks (the safer the bet, the lower the return). It's easy to spend money (build debt) in the current when it's cheap money, however reckless spending is a frequently loss due to the high risk/return on subprime loans. Housing prices go up as people try to take their money out of the market and invest into something with a "safer" long term value. However when the cheap money (in terms of what % you pay back compared to what was borrowed) dries up folks are frequently left holding more total debt than total assets as the more they borrow the more they profit in the short term. Sooner or later the creditors must call in the debt owed, the nation must eventually raise interest rates to slow inflation/depreciation too. This hits people holding high debt hard, many times people use this debt to get by (though many large businesses will also borrow). Your are often left in a catch 22 situation, the increase in interest means you have less free flowing cash, most wreckless consumers will than take on more debt to cover the difference. As they do more and more of their total income (or a nation's) goes towards paying off interest leaving them with even less money again, resulting in more debt. It seems stupid and redundant to explain like this but it happens frequently, to the point where debtors can no longer cover the interest alone, while still having more overall debt than assets to pay it off. Running a economy like this causes a massive bubble, same thing happened to the US in 2008. With interest rates low if or when the bubble pops there isn't much financial institutions can do to counter it. If interest rates are already at 1% you going to drop it to -2%? It's happened but it causes wealth to leave the nation. I'm not an expert but I've always enjoyed economics granted it's more the economics of different forms of governments. Kinda like how resource rich nations are always at war and poor, and the balance of power/typical economic theories of nations be it democratic, socialist, communist, etc I find it interesting.
When the non-scalper prices started going up that's when I knew we were screwed. Once the retailers and manufacturers see they can raise the price of almost anything from food to luxury goods it won't stop. It didn't take me long to notice I was spending $100's more on food every month, with wage grow so slow here in North Carolina US and everything going sky high I'm not looking forward to how things will end up. Also Good luck with getting to see your Son, as a father it's always incredibly difficult being away from your kids. Also is there a possibility they could travel to meet you? All in all good luck and hopefully things start looking up.
I put 70% of my money in stocks and crypto just so i can keep up with the brrrrr money printer. Having money in the bank not doing work for you feels like you have been working for free almost..
@@brokenone22 This quite literally doesn't make any sense. Unfortunately, that's not how this works lol. You're claiming rich people "get the money" first which I am not even sure what that means. What does "get the money" even mean? Do you honestly think rich people show up at the US Treasury's printing and minting facilities and like take bags of money hahahah.
Loved this video. The subject is spot on, everyone is struggling with price increases and we are wondering why! Thanks for sharing your research. Would love to see more vids like this!
Milton Friedman and Thomas Sowell! Seriously love listening to these guys. Basic Economics by Thomas Sowell is a book that's free to listen to on RUclips (he's said that he won't ever take those RUclips videos down so anyone can access that information) and it changed how I looked at everything to do with markets and money. I've had no training in economics ever and for some reason I just love learning economics now. I must be getting old...
It's good to see you talking about this. Who doesn't not have property or stocks right now, is just losing. Whishing you the best with your application!
Thank you for the eye opener. The banks printing so much money is an issue that's seldom talked about, and some of us are aware of it in the back of our minds, but you brought it back to the forefront, and that's appreciated.
I worked and lived in Japan back in 2006 in a Junior High School in Shizuoka prefecture and started to get some grey hair on my sides when I came back, didn't think anything of it but now you mention it there may be something to it lol. I wasn't there as long as you just a few years but I only have grey on my sides as well but not as much, maybe your onto something there, could be something weird going on with Aussies coming back from Japan who knows lol.
Were you wearing a hat while working there? EDIT: I think you're _spot-on_ about central banks and inflation. Miners didn't cause crypto prices to rise. Federal reserves did.
@@barrycooper8640 You'd be attributing an awful lot of economic and societal power to crypto miners if you feel they are the source of worldwide inflation.
@@dycedargselderbrother5353 I didn't say that. Everybody and their dog knows why we're dealing with worldwide inflation and its not the US fed reserve.
It is hard for people that are woking/living on a different country that their loved ones. Me and my wife haven't seen my family in almost 3 years, the fact that my wife was on the front line of defense for Covid here in the UK made it even worse. Now we have a baby and the fact that my parents cannot hold their grandchild breaks my heart! And the flight to Portugal is only 2h30min, but without a plausilbe explanation on why I am traveling abroad I can be fined for £5000 and be blocked to fly back to the UK if I do it without permission! So, in a way, I do feel your pain Byan! Let's hope it gets better soon enough so we can hug our loved ones once again!
No amount of academia can prepare anyone for what's about to happen in Australia mate. I'm qualified as well and I can tell you I did see this happening year's before this as I'm saving up for my first home/farm and waiting for the right time to invest. And none of the indicators have led to investment in ANYTHING right now as you pointed out in your video. I've got my AAA credit rating and I'm just waiting now, just like I'm waiting for my new RTX 3080 still 😉 Buy in or not when and how is also imperative as well. I got my RTX 3080 for MSRP because I knew this would happen and I was right!!
For the hair it's pretty obvious, you're becoming a anime-protagonist. At this rate I expect to see your arc from x58 into x99 by the end of the season.
Hey Bryan. So sorry to hear you haven't been able to see your son. I don't have kids, but I can't even imagine how difficult this is for you. Hang in there. Hopefully things will change in the coming months so that travel will be possible again. Regarding your hair, I think it looks very cool. It's ridiculous that anyone would pick on you just because of your hair color. A pox on anyone who comments negatively about it. I really enjoy your channel and appreciate all of your hard work maintaining it.
Been expecting a lot of Inflation especially in 3rd world countries like my own - South Africa has big problems ahead as well , since the power grid is unsustainable and un reliable with so called " loadshedding" every month (basically the deliberate shutdown of electric power in a part or parts of a power-distribution system, generally to prevent the failure of the entire system when the demand strains the capacity of the system.) as well as drought issues in the north western parts , I've been investing all my cash in passive income and side hustles lately , unfortunately than includes stuff like crypto as well I don't like it but at these times its a necessary evil. p.s never set all your peas in one pod !!
Been there, done that haha. Here in Argentina we have a 50% inflation per year. We literally can't save money. Our local currency is a joke. And we can't buy us dollars... Hope that makes you feel better haha. Regards
Thomas Sowell and Milton Friedman are fountains of knowledge. In the US I have observed a LOT of new PC builders and buyers even in our local rural area. Older PC equipment like monitors that used to sit unwanted on thrift store shelves have disappeared. I think inflation does have something to do with pricing but demand is the biggest driver. Anytime you can sustain instant sellouts of a product for months on end you either have an artificial scarcity or a real one. SO MANY are working from home now that tons of folks set up home PC's. Add in all the stimulus checks, mining, and a card (3000 series) that folks really want and boom. Not saying your wrong, you arent. Inflation is boosting everything in the US higher. Lumber in the US is sky high several factors of what it was.
Great video! They grey hair issue is without question a sign of oxidative stress. If you want to slow it down you need to evaluate everything in your life including all stressors. Diet, nutrition, supplements and proper rest is essential. Everyone has to face this but you can reverse or slow it down for sure.
You talking about Milton Friedman, as an Argentinian that suffers ~50% annual inflation, warms my heart. If only governments followed his theories. Not really related, but for reference, an RTX 3070 is between USD 2000 and 3000 here, depending on the exchange rate. As for you not getting to see your son... Be strong! Keep fighting. Your kid knows you love him. That's the most important thing. Times are tough, but have faith that they're going to get better. And the hair looks great.
Thanks for this video, it is nice to also see this alternative content! Indeed money is printed like crazy in all major economies and low/mid salary earners - people who cannot invest will be hit the worst...
I also have a son. It would be heartbreaking if I couldn't see him. I hope you get to see yours soon. I appreciate your sobering take on this situation. Unfortunately the outlook is bleak, and I respect that you didn't try to sugar coat it. Milton Friedman has been one of my heroes for years now, along with Thomas Sowell. It's hard to ignore that brief excitement you feel when they announce another stimulus check is on the way. If you've studied Milton Friedman's teachings on economics, it's also quite hard to ignore the dread of inflation that follows. It seems like a Faustian deal.
Last year in june a bought a Radeon RX550 for 109$ canadian, i could'nt believe it when i saw the same GPU at 300$ the other day. The restrictions and lockdowns imposed to fight this so called "pandemic" are going to make more destructions than the virus itself, insane!
This week one of the banks in my country will hit people with -0.5% interest. When they have more than 100K in their savings account, this is pure MAFIA practice!
Wish you well going forward - have always loved your international focused content - hope your own personal issues can be resolved. Tech Aussie YT-ers are scarce as hens teeth and deserve all the support they get!! :)
I got my GTS1660 in 2020 on special from an Aussie tech store on special at $329. AAll I could afford at the time - but prices now are just ludicrous - and across ALL PC parts. it's terrible.
Brian...u look good dude... don't worry about ur family ,I'm sure u could meet em soon... prayers fr u nd family 👍🏻👍🏻good insight to the price hikes..👍🏻👍🏻
Dropping all vanity...like your dad who I respect, is a sure sign of maturity. Welcome to more personal freedom. Life is now easier with total honesty. Enjoy!
Oh dude... Be careful learning about money systems and creation. It's a slippy slope for depression knowing just how broken it is and what is actually coming this GFC. Only advice I have, is own silver and btc. And hang on for life. This world is about to get crazy
Sharing your pain....I live in England but my son lives in Coffs Harbour on the east coast of Australia. Had to cancel two trips to see him and if I have to cancel a third I know its gonna destroy me. Stay strong....and your hair looks just fine !
If we didn't have problems it will be called heaven. Everyone at everytime faces a problem how we face them is important. Atleast you have hair on your head😂😂
Milton Friedman's economic theories are normally regarded as amongst the most destructive ever. I lived through the Thatcher/ Reagan era, whole economies destroyed just so that a very few people could become incredibly rich. If that is what you see as admirable I'm unsubscribing.
You are not alone with grey hair! Your fellow australian from economics explained publish 2 days ago a similar video hyperinflation is already here you just haven't realized it yet. Thank you for your videos!
Could you finally finally tell us the full story about your ex wife and your son? I just remember you giving a warning to not merry japanese women but never said why exactly
Because as a foreigner in Japan you have no rights. They may say you do but the reality is that you don't. The Japanese courts will always side with the native.
It's not women they are just the same as everywhere else good and bad, It's their countries system that f#cks over foreigners. They are pretty strict over there.
I run a small PC hardware social media account and its become hard to report news on items no-one can get or are over priced. Tech of tomorrow did a similar video about the end of golden era of PC gaming and I do believe its here. Maybe 5+ years from now it'll be back but don't see that happening anytime soon.
I think these types of videos are really nice to watch, it's great to hear your insight on what's happening around you. With the tech space for computers being largely uneventful would you see yourself exploring and talking about other tech for example, wearables, audio?
A great example is in the US the Federal Reserve is printing out TRILLIONS of dollars and the value of our currency is falling. They can't just print money and expect there not to be consequences. I strongly people to look into Austrian Economics and those policies. Ron Paul has great insight into the Federal Reserve.
Great video Brian, sorry to hear about the issues with your son. Hopefully you can see him soon. You hit the nail on the head, way back at the start of the year (and last year) when you said it was inflation and money creation. But what I think we haven't addressed is that governments around the world have no issues with prices going up, because they've also realised how easy it is to keep wages stagnant, which has been a thing for like the last 10-15 years in Australia. What does that all mean? It means they want us to work harder, get a second job, find money elsewhere, they see China and other developing countries working their asses off, working 16 hour days, so they're going to do the same thing in the west. $15 wage has been a big debate in the US, they refuse to give it. We're heading towards a dystopia driven by people with wealth and power. It's kinda depressing.
You don't want a $15 dollar wage, by the time you get paid the $ are worth $0.50 anyway. XD the number doesn't matter. What matters is what you can buy with it.
@@LawrenceTimme 😄 Haha that's true. But still they (the governments and the companies) are screwing with us, because they don't have to give an inch (or a cent), what are we going to do, go home and starve? All this printed money and they're just giving it to these corporations, every day Microsoft are announcing a new acquisition. It's a joke.
@@JimRPG no, you can go work at or buy from smaller independent not publicly owned businesses where possible. All these youtubers pushing affiliate links are a massive part of the problem.
@@LawrenceTimme Well its not just youtubers - it could be anything - its just money and greed, like where does anyone stop? RUclipsrs start with some affiliate links and make a few bucks, when they get big they're raking in hundreds of thousands.
@@JimRPG the greed for power is the problem not money. There are plenty of people around the world who have shut down the country they live in who are better off than most, but they aren't exactly the richest people.
Always good to get a perspective from someone else on the world, hope you can find a way to meet up with your son in the near future. I guess building up my stock of PC parts before 2021 was a good idea, problem is I now have far too many and I still want to get more XD. Eventually i'll get everything out the door but the cards I did have went into a little etherbox and have made a decent amount of profit for me before the spiking difficulty drives me out.
It is a rabbit hole of research following and understanding what money is and how it works...House prices aren't going up - wages are going down relative to everything else...
I’ve always said I’d rather go grey than bald! Embrace it and the hair looks good! On the note of inflation, quite a scary thing on the rise. Miners are having just as hard a time finding GPUs, they aren’t sucking up the supply to the level that we think. I think we too are going to be stuck on the inflated prices. Being a content creator in the same spot trying to always be after price/performance is very hard right now.
When something doubles or triples the price through few weeks it's not inflation, it's anomaly, hyperinflation. Shortage of supply in pair with high demand causes such high prices spikes.
Absolutely love this video. Especially because you’re so willing to admit what you don’t know and educated yourself to cover your blind spots. Esp true in a world where so many people dig their heels and stay ignorant
I didn't know that TechYesMan joined the bosozoku. The hair style gave it away, I'm sorry. Loved the genuine talking head video, it really fits your style. Unfortunately it's not a very nice world we've been living in right now for the past year and half. Wish you the best!
Okay I've just heard from you what i've heard from outdoor survival preppers. Inflation, ridiculous food prices, and a tough depression headed our way. Time to till my backyard and plant wheat rice corn and veggies. My 3070 will have to wait.
I’m a saver too, I finally bought a cheap house but I waited too long. At least my mortgage will be covered by a few days work when the central banks really lose their crap.
The international travel restrictions suck so bad, I haven't been able to visit anyone in ages. With PC prices, go retro or older games, heaps of value there. Old games are all patched, cheap and good fun :) Hope you can see you child soon!!!
Same here. While life has been REALLY good in Taiwan, relatively speaking... I can't go to Canada to see my ageing family.
couldn't agree more, just bought 2 controllers for 12$ and downloaded SNES emulator to play super mario world hacks
Someone gave me a widescreen sd crt tv, ps2, and a ps1 because they were cleaning house. Best 2 hour drive I've ever made.
agreed 100% Phil, been going through my backlog of games sine it seems the future of pc gaming is bleak might as well enjoy the past! see you friday!
I'm lucky all my family is here in the US within a few hours drive, but far as playing older games, yep I've been going through my STEAM backlog, and having a blast along with less demanding newer titles that will even run on a potato like my work computer with an AMD R7 240 2GB GPU.
Im 32, turning 33 next month. I started going grey when I turned 20. Now im bald and my beard is 50% grey 50% black. Dont over think it mate, atleast you have hair 😄
Yeah man I used to go the the gym with a blonde girl that was nearly entirely grey at 25 but she was still extreme good looking grey hair and all no one cared, I started going grey at 35 as did all my blonde friends, now at 49 my beard is almost entirely grey, hair about 25% grey but it's fine, no problem compared to the other general effects of aging, losing eyesight, sore joints old injury's that don't heal etc. Hair colour.. doesn't matter
About age 21 my hair started receding and about 24 my hair started turning white, skipped the going grey part entirely.
Now many years later i still have as much hair as i did in my 20's and still not even 50% white, never figured out the cause, also figured better early so don't have to worry about it later.
Got that right...it's probably not the job its just age related...everybody starts turning grey on the sides too. Thought I was going to be ok with the hair thing, then I turned 46 and someone just clicked on a light or something with the bald pattern. Not much you can do unless you have big money.
@@thomassmith4999 The eyesight thing has hit me the last couple of years and I just turned 50.
I have hair yet I choose to bebald. I shave my head every 3 days.
The hair looks baller tbh
The mouse guy 💙
The silver fox
yay RJN
Well I guess the new tech yes cut is official!
My fiance can't wait untill I get the silver fox sides haha. Keep it, looks good
I've actually just watched a couple of your videos that feature your son in Japan, hunting computer parts. He's a cute little guy and I hope you get to see him again soon.
Sending lots of Tech YES Support!
Hi marco
Tech Yes Support on the way
You could sent those msrp rtx 3000 series :)
The GPU manufacturers are quickly learning that as long as there is supply, people will pay any price for cards. Don't look for prices to go down soon, if ever.
The problem is systemic. But if it doesn't balance out soon enough. CHAOS. For example people need hardware to enjoy software. A lot of Game Studios will go out of business if people don't buy games. They will raise prices and will shorten the range of available customers. Anyway it's a rabbit hole. This is caused by a manipulated system and we are not the ones manipulating it. It's not just shortage on parts and so on. So companies don't want only a few customers, they want money and a lot of customers is what i mean.
*Not a specialist, just observing and thinking stuff.
@@monstronir This. If they don't fix this within a year, it'll cripple the PC gaming market. Microsoft and Sony will come out the winners since they'll continue to produce Playstations and Xboxs at a loss in exchange for the recurring subscriptions and royalties they recieve from publishers/consumers. There's a reason the STEAM hardware survey is dominated by budget GPU's:
1. GTX 1060
2. GTX 1050 Ti
3. GTX 1650
4. RTX 2060
5. GTX 1050
6. GTX 1070
7. GTX 1660 Ti
8. GTX 1660 Super
9. RTX 2070 Super
10. RX 580
One "premium" last gen card in the top 10. The first new gen card is the 3070 at 17th. Over 80% of the market share of cards on the survey were considered some level of "budget" pre-pandemic. These people aren't going to be able to afford, or be willing, to replace their cards if the new "budget" is $1000 for a 3060 Ti.
it is the crypto boom it was like this before prices will drop bcs otherwise no one will buy and the market will be flooded with former crypto miners
@@Oz1976 yep. This exactly. I still run a gtx970. Perfectly happy with it quite frankly though I was thinking of grabbing a 3070 once they come out. Nevermind. Absolutely no point. The 970 cost me 350GBP when it came out. The 3070 Is like 800GBP. I went and bought a GPD Win3 instead.
@@monstronir You have that correct. But game developers can program to the hardware that's out there--thus killing the need for ever-increasing system requirements.
I kinda wanted to see bryan having a second channel call "Tech yes ECONOMY" lol
Me too, everything he says is true, over the past year the price of everything in Aus has been increasing at a concerning rate. Houses, cars pc parts and even groceries have gone up at least 15% since last march it's not good...
With the way the world is going it would be "Oh NO Economy" lol
@@Mildewpants eyyy.... Good one hahaha.
Yes Yes YES!!!
YT pay more for business/finance contents
I know that feeling man. Hope you can see your son face to face soon. As a father of two myself i get it
The US stopped releasing M3 money data in 2008 before the Great Depression happened
Recently (like last week) the US announced it’s not releasing M2 and M1 money statistics.
🤔🤔
They were already making it up, so why bother telling you at all.
Wow this wasnt even clickbait, just some jazz music and you've ascended a tier of RUclips
I'm sure you are a great dad Bryan, i hope you get accepted soon so you can see your son.
It's cool you're back, Tech YES City! You're pretty much spot on- Prices aren't rising, money is losing value to give that appearance. Hope you manage to get back with your son soon. All the best. PS. The hair looks awesome- Ever play the classic Wing Commander? I'm sure the guy giving the briefings had that cut.
I think you're confused. In some inflationary environments, prices rise because money loses value. That's not an "appearance." It is also important to understand that prices can rise for many other reasons besides a decline in the value of the local currency. Right. So just because prices rise, we cannot automatically assume a currency is worth less. In your example, if money wasn't losing value, then prices wouldn't be rising. They're intrinsically linked to one another.
@@FlyByWire1 Let me rephrase... Money losing value makes it look like prices are increasing... Both are true, but the average joe cannot see nor comprehend that it can happen like this.
"Who are you that fly so good?? Are you insane?!"
Dude I would watch your content regardless of hardware value. You're a legend
Your hair reminded me of gibs from NCIS (which is definitely a complement ;). And also I'm glad you made this video and got the word out. The world is going to be changing in the next few years and it looks like we are going to have to change with it.
Embrace the grey bro. Shows wisdom and that you internalize stress without becoming bald do good job
I agree. Last year I saw the first stimulus package in the US and I knew I had to buy a house. By fall we found an off market deal where we only paid a small premium. Last month the house next door sold for 35% higher even though it's smaller and more outdated. People keep saying it's temporary, but I don't believe it.
That isn’t inflation though. That is the result of investment bankers buying up massive chunks of real estate.
@@MarginalSC and they are buying houses because they think the price won't keep going up?
@@ByrnesPCGarage Doesn't really matter if they do or not since they can make recurring income via renting them out etc.
I feel you bro. My 12 year old son lives in Holland and it's been well over a year since I've seen him...
In South America we have had inflation problems for a long time. Venezuela and Argentina are the best examples of it. In those cases, is common to see people from those countries buying American dollars to avoid having their savings affected by the inflation.
Bryan, I'm have the same but opposite problem. I'm stuck in Japan, with a plan to be in Japan for 1 month ending up one year, trying to get back to my parents in Australia. Have you watched the coldfusion documentary on money?
Hey Tony, haven't watched that documentary yet, but will tune into it, thanks for the recommendation. In terms of getting back that sucks as well, I just don't get why the gov is letting people travel for business / people who need to see their pets and not letting people who want to see their family first.... it really does make me sick.
I kept thinking of that Coldfusion video too "How is money created" while watching this. Dagogo makes excellent docos.
The effort your putting forward towards your son is what really matters he’s a smart kid and as long as y’all talk and he knows you love him and will be there ASAP you can’t go wrong. Keep being a good man!
You are very correct, M01 supply has increased rapidly, but inflation ”hasn’t increased”, according to FED... The target fiscal inflation rate is 1.5-2%, and I very much believe that we are over that percentage.
Tldr
Accroding to monetarism, invented by Milton Friedman, printing more money leads to inflation. For example, ~40% of the us dollar has been printed in the last year. We are experiencing inflation.
And we can thank our retarded LeAdErS for fucking up everything...
Videos like this are great , please do more of these . We can all benefit from this by helping each other with our problems and talking it out
If you print money, with low interest rates you encourage people to spend money to stimulate the economy. If people don't spend the money depreciates. If interest rates are low the safe bet (government bonds) are avoided, but governments typically keep it low to lower their overall interest rates they must pay on their own debt each day.
As you mentioned though if you borrow you essentially pay back less in the long run, this to encourages spending. The biggest issue though for all of this is the pressure it puts on the economy as folks spend recklessly and invest in high yield bonds, or stocks (the safer the bet, the lower the return).
It's easy to spend money (build debt) in the current when it's cheap money, however reckless spending is a frequently loss due to the high risk/return on subprime loans. Housing prices go up as people try to take their money out of the market and invest into something with a "safer" long term value. However when the cheap money (in terms of what % you pay back compared to what was borrowed) dries up folks are frequently left holding more total debt than total assets as the more they borrow the more they profit in the short term.
Sooner or later the creditors must call in the debt owed, the nation must eventually raise interest rates to slow inflation/depreciation too. This hits people holding high debt hard, many times people use this debt to get by (though many large businesses will also borrow). Your are often left in a catch 22 situation, the increase in interest means you have less free flowing cash, most wreckless consumers will than take on more debt to cover the difference.
As they do more and more of their total income (or a nation's) goes towards paying off interest leaving them with even less money again, resulting in more debt. It seems stupid and redundant to explain like this but it happens frequently, to the point where debtors can no longer cover the interest alone, while still having more overall debt than assets to pay it off.
Running a economy like this causes a massive bubble, same thing happened to the US in 2008. With interest rates low if or when the bubble pops there isn't much financial institutions can do to counter it. If interest rates are already at 1% you going to drop it to -2%? It's happened but it causes wealth to leave the nation. I'm not an expert but I've always enjoyed economics granted it's more the economics of different forms of governments. Kinda like how resource rich nations are always at war and poor, and the balance of power/typical economic theories of nations be it democratic, socialist, communist, etc I find it interesting.
When the non-scalper prices started going up that's when I knew we were screwed. Once the retailers and manufacturers see they can raise the price of almost anything from food to luxury goods it won't stop. It didn't take me long to notice I was spending $100's more on food every month, with wage grow so slow here in North Carolina US and everything going sky high I'm not looking forward to how things will end up. Also Good luck with getting to see your Son, as a father it's always incredibly difficult being away from your kids. Also is there a possibility they could travel to meet you? All in all good luck and hopefully things start looking up.
I put 70% of my money in stocks and crypto just so i can keep up with the brrrrr money printer. Having money in the bank not doing work for you feels like you have been working for free almost..
I filled my shed up with old cars, CRT TVs lol and vintage computers..
Grant Cardone said: the only reason you should save money (aside from an emergency fund) is to invest it.
@@Exoogor I bought a 21 inch VGA Trinitron today for 25 bucks ! now that's investing
Wishing you the best of luck getting to see your son mate.
Really enjoyed the varied and informative (and not propaganda) based content :)
So happy you are covering this topic its super important. Printing money does not create wealth.
Lol. It doesn't create wealth for the poor people. It does create wealth for the elites, who are making the decision to print money.
Well, it does create wealth if you are the one printing it.
It just allows the first people that get the new money to steal from others before they realize it's worthless
I'm sorry to break it to you man, but there is no money being "printed." I think you're a little confused on the economic situation of the pandemic.
@@brokenone22 This quite literally doesn't make any sense. Unfortunately, that's not how this works lol. You're claiming rich people "get the money" first which I am not even sure what that means. What does "get the money" even mean? Do you honestly think rich people show up at the US Treasury's printing and minting facilities and like take bags of money hahahah.
Really important discussion. Thanks for taking the time to publish this!
Keep strong mate , it’s hard !!
But no mater how hard to see or far away family is , there still Family !!!!
Aw man from one dad to another I love you brother I hope you can see him soon
I AM CURRENTLY LIVING IN JAPAN MYSELF AND I HOPE YOU CAN COME OVER TO SEE YOUR WONDERFUL SON BRIAN!! ^_^!!
Loved this video. The subject is spot on, everyone is struggling with price increases and we are wondering why! Thanks for sharing your research. Would love to see more vids like this!
Milton Friedman and Thomas Sowell! Seriously love listening to these guys. Basic Economics by Thomas Sowell is a book that's free to listen to on RUclips (he's said that he won't ever take those RUclips videos down so anyone can access that information) and it changed how I looked at everything to do with markets and money. I've had no training in economics ever and for some reason I just love learning economics now. I must be getting old...
Absolutely! Thomas Sowell's basic economics was one of the greatest book ever written. Also Henry Hadley's economics in one lesson is great too!
If you wanna know about economics, study Ciro Gomes and not this stupid hacks
It's good to see you talking about this. Who doesn't not have property or stocks right now, is just losing.
Whishing you the best with your application!
Thank you for that interesting take on the current financial issues worldwide.
Thank you for the eye opener. The banks printing so much money is an issue that's seldom talked about, and some of us are aware of it in the back of our minds, but you brought it back to the forefront, and that's appreciated.
I feel your pain, here in South Africa inflation is rampant.
Yeah, It goes from the printer straight into someone's pocket
Best video on RUclips this year so far. Well done.
Make anime about your hair problem.
*_I started working in Nihon, in Tōgane, and the sides my hair started turning grey!_*
The Ghost city, petrifies any working males...
Great video I love how you change it up and speak your mind. Always great to have all perspectives heard. I'm sad. Great video!! ×7
I worked and lived in Japan back in 2006 in a Junior High School in Shizuoka prefecture and started to get some grey hair on my sides when I came back, didn't think anything of it but now you mention it there may be something to it lol. I wasn't there as long as you just a few years but I only have grey on my sides as well but not as much, maybe your onto something there, could be something weird going on with Aussies coming back from Japan who knows lol.
LMAO, have to figure this out one day!
Maybe it’s the food or something.
Or the drinking water perhaps? 🤔🤔🤔
You guys crack me up. It's called getting older !!
Our central bank doesn't even include housing costs in it's inflation report which has doubled over the last 10 years.
Were you wearing a hat while working there?
EDIT: I think you're _spot-on_ about central banks and inflation. Miners didn't cause crypto prices to rise. Federal reserves did.
Nature can create a concern, but it takes govt to produce a crisis. :}
BS.
@@barrycooper8640 Not an argument.
@@barrycooper8640 You'd be attributing an awful lot of economic and societal power to crypto miners if you feel they are the source of worldwide inflation.
@@dycedargselderbrother5353 I didn't say that. Everybody and their dog knows why we're dealing with worldwide inflation and its not the US fed reserve.
It is hard for people that are woking/living on a different country that their loved ones. Me and my wife haven't seen my family in almost 3 years, the fact that my wife was on the front line of defense for Covid here in the UK made it even worse. Now we have a baby and the fact that my parents cannot hold their grandchild breaks my heart! And the flight to Portugal is only 2h30min, but without a plausilbe explanation on why I am traveling abroad I can be fined for £5000 and be blocked to fly back to the UK if I do it without permission! So, in a way, I do feel your pain Byan! Let's hope it gets better soon enough so we can hug our loved ones once again!
No amount of academia can prepare anyone for what's about to happen in Australia mate. I'm qualified as well and I can tell you I did see this happening year's before this as I'm saving up for my first home/farm and waiting for the right time to invest. And none of the indicators have led to investment in ANYTHING right now as you pointed out in your video.
I've got my AAA credit rating and I'm just waiting now, just like I'm waiting for my new RTX 3080 still 😉
Buy in or not when and how is also imperative as well. I got my RTX 3080 for MSRP because I knew this would happen and I was right!!
Money printers go brrrrr
Can't do it forever though. Nothing comes free ..
For the hair it's pretty obvious, you're becoming a anime-protagonist. At this rate I expect to see your arc from x58 into x99 by the end of the season.
Hey Bryan. So sorry to hear you haven't been able to see your son. I don't have kids, but I can't even imagine how difficult this is for you. Hang in there. Hopefully things will change in the coming months so that travel will be possible again.
Regarding your hair, I think it looks very cool. It's ridiculous that anyone would pick on you just because of your hair color. A pox on anyone who comments negatively about it. I really enjoy your channel and appreciate all of your hard work maintaining it.
We need to start looking at scrap builds again. 🎉
This is now the second time you have enlightened me. Awesome job being ahead of other tech channels. Thanks for the upload.
Been expecting a lot of Inflation especially in 3rd world countries like my own - South Africa has big problems ahead as well , since the power grid is unsustainable and un reliable with so called " loadshedding" every month (basically the deliberate shutdown of electric power in a part or parts of a power-distribution system, generally to prevent the failure of the entire system when the demand strains the capacity of the system.) as well as drought issues in the north western parts , I've been investing all my cash in passive income and side hustles lately , unfortunately than includes stuff like crypto as well I don't like it but at these times its a necessary evil. p.s never set all your peas in one pod !!
Thank you for talking about this subject.
Been there, done that haha.
Here in Argentina we have a 50% inflation per year. We literally can't save money. Our local currency is a joke. And we can't buy us dollars...
Hope that makes you feel better haha.
Regards
Can you buy gold at least?
Whoa! Ese nivel de inflación es extremadamente alto. WOW!
Buy gold and crypto! In Venezuela many people convert almost their whole wage into crypto to keep it safer.
Get into crypto.
@@riba2233 not sure. But I don't think so.
This is some super interesting stuff. You’re spittin straight facts. This is crazy, needs to be a revolution or something bruh
First ever Tech YES video that made me feel depressed. "...and that's when it is too late...."
Thomas Sowell and Milton Friedman are fountains of knowledge. In the US I have observed a LOT of new PC builders and buyers even in our local rural area. Older PC equipment like monitors that used to sit unwanted on thrift store shelves have disappeared. I think inflation does have something to do with pricing but demand is the biggest driver. Anytime you can sustain instant sellouts of a product for months on end you either have an artificial scarcity or a real one. SO MANY are working from home now that tons of folks set up home PC's. Add in all the stimulus checks, mining, and a card (3000 series) that folks really want and boom. Not saying your wrong, you arent. Inflation is boosting everything in the US higher. Lumber in the US is sky high several factors of what it was.
I started getting grey hair after I've got my daughter, now I've got a lot of streaks 😂
Same
Great video! They grey hair issue is without question a sign of oxidative stress. If you want to slow it down you need to evaluate everything in your life including all stressors. Diet, nutrition, supplements and proper rest is essential. Everyone has to face this but you can reverse or slow it down for sure.
You talking about Milton Friedman, as an Argentinian that suffers ~50% annual inflation, warms my heart. If only governments followed his theories. Not really related, but for reference, an RTX 3070 is between USD 2000 and 3000 here, depending on the exchange rate.
As for you not getting to see your son... Be strong! Keep fighting. Your kid knows you love him. That's the most important thing. Times are tough, but have faith that they're going to get better.
And the hair looks great.
I'm glad more people are opening their eyes.
Thanks for this video, it is nice to also see this alternative content! Indeed money is printed like crazy in all major economies and low/mid salary earners - people who cannot invest will be hit the worst...
Grow the sides out and have silver wings like Paulie from The Sopranos, iconic!
I also have a son. It would be heartbreaking if I couldn't see him. I hope you get to see yours soon.
I appreciate your sobering take on this situation. Unfortunately the outlook is bleak, and I respect that you didn't try to sugar coat it. Milton Friedman has been one of my heroes for years now, along with Thomas Sowell. It's hard to ignore that brief excitement you feel when they announce another stimulus check is on the way. If you've studied Milton Friedman's teachings on economics, it's also quite hard to ignore the dread of inflation that follows. It seems like a Faustian deal.
Last year in june a bought a Radeon RX550 for 109$ canadian, i could'nt believe it when i saw the same GPU at 300$ the other day. The restrictions and lockdowns imposed to fight this so called "pandemic" are going to make more destructions than the virus itself, insane!
Much love man. Stay strong.
This week one of the banks in my country will hit people with -0.5% interest.
When they have more than 100K in their savings account, this is pure MAFIA practice!
Which country and bank?
Wish you well going forward - have always loved your international focused content - hope your own personal issues can be resolved. Tech Aussie YT-ers are scarce as hens teeth and deserve all the support they get!! :)
I got my GTS1660 in 2020 on special from an Aussie tech store on special at $329. AAll I could afford at the time - but prices now are just ludicrous - and across ALL PC parts. it's terrible.
Money printer go brrrrrr
Keep hammering on that modern monetary theory.. good to see someone talk about this topic.
Real assets
This is the way
Brian...u look good dude... don't worry about ur family ,I'm sure u could meet em soon... prayers fr u nd family 👍🏻👍🏻good insight to the price hikes..👍🏻👍🏻
Milton Friedman, I did not expect that cross over, but sweet. Thomas Sowell is the current
'Friedman'.
Dropping all vanity...like your dad who I respect, is a sure sign of maturity. Welcome to more personal freedom. Life is now easier with total honesty. Enjoy!
Oh dude... Be careful learning about money systems and creation. It's a slippy slope for depression knowing just how broken it is and what is actually coming this GFC.
Only advice I have, is own silver and btc. And hang on for life. This world is about to get crazy
F
Sharing your pain....I live in England but my son lives in Coffs Harbour on the east coast of Australia. Had to cancel two trips to see him and if I have to cancel a third I know its gonna destroy me. Stay strong....and your hair looks just fine !
You’d really like the Mises Institute and the work of Murray Rothbard, Ludwig Von Mises and Robert Murphy.
Those guys are kind of a lot. They weren't particularly prescient and they took their economic theories to some really bad places.
Hey, I think your grey sides look good. Gives the sense of wisdom and experience without looking old.
If we didn't have problems it will be called heaven. Everyone at everytime faces a problem how we face them is important.
Atleast you have hair on your head😂😂
true
A BIG thumbs up from me as this is a very unique type of video
Lots of food for thought
Thank you man !!!
Milton Friedman's economic theories are normally regarded as amongst the most destructive ever. I lived through the Thatcher/ Reagan era, whole economies destroyed just so that a very few people could become incredibly rich. If that is what you see as admirable I'm unsubscribing.
Same
You are not alone with grey hair! Your fellow australian from economics explained publish 2 days ago a similar video hyperinflation is already here you just haven't realized it yet. Thank you for your videos!
Could you finally finally tell us the full story about your ex wife and your son? I just remember you giving a warning to not merry japanese women but never said why exactly
Use your imagination.
@@sandorclegane3658 dude Im dead serious. Running around with this unfinished story and its bugging me for years
@@privatebenfallsprivat8428 so what's the story so far?
Because as a foreigner in Japan you have no rights. They may say you do but the reality is that you don't. The Japanese courts will always side with the native.
It's not women they are just the same as everywhere else good and bad, It's their countries system that f#cks over foreigners.
They are pretty strict over there.
I run a small PC hardware social media account and its become hard to report news on items no-one can get or are over priced. Tech of tomorrow did a similar video about the end of golden era of PC gaming and I do believe its here. Maybe 5+ years from now it'll be back but don't see that happening anytime soon.
I think these types of videos are really nice to watch, it's great to hear your insight on what's happening around you.
With the tech space for computers being largely uneventful would you see yourself exploring and talking about other tech for example, wearables, audio?
A great example is in the US the Federal Reserve is printing out TRILLIONS of dollars and the value of our currency is falling. They can't just print money and expect there not to be consequences. I strongly people to look into Austrian Economics and those policies. Ron Paul has great insight into the Federal Reserve.
Excellent video, I'm glad someone in the tech community has spoken up about price increases - and why it's going to be a long term problem!
In many ways this was your best video yet mate. Brave, honest and looking behind the scenes for answers. Cheers!
Great video Brian, sorry to hear about the issues with your son. Hopefully you can see him soon.
You hit the nail on the head, way back at the start of the year (and last year) when you said it was inflation and money creation. But what I think we haven't addressed is that governments around the world have no issues with prices going up, because they've also realised how easy it is to keep wages stagnant, which has been a thing for like the last 10-15 years in Australia. What does that all mean? It means they want us to work harder, get a second job, find money elsewhere, they see China and other developing countries working their asses off, working 16 hour days, so they're going to do the same thing in the west. $15 wage has been a big debate in the US, they refuse to give it. We're heading towards a dystopia driven by people with wealth and power. It's kinda depressing.
You don't want a $15 dollar wage, by the time you get paid the $ are worth $0.50 anyway. XD the number doesn't matter. What matters is what you can buy with it.
@@LawrenceTimme 😄 Haha that's true. But still they (the governments and the companies) are screwing with us, because they don't have to give an inch (or a cent), what are we going to do, go home and starve? All this printed money and they're just giving it to these corporations, every day Microsoft are announcing a new acquisition. It's a joke.
@@JimRPG no, you can go work at or buy from smaller independent not publicly owned businesses where possible. All these youtubers pushing affiliate links are a massive part of the problem.
@@LawrenceTimme Well its not just youtubers - it could be anything - its just money and greed, like where does anyone stop?
RUclipsrs start with some affiliate links and make a few bucks, when they get big they're raking in hundreds of thousands.
@@JimRPG the greed for power is the problem not money. There are plenty of people around the world who have shut down the country they live in who are better off than most, but they aren't exactly the richest people.
Always enjoy your videos, please upload as much as you can
Man, I'm not gonna lie. You're hair actually looks really cool, don't think too much of it man 😊😊
My grey is mostly on the sides too mate, just roll with it :) also nice Frank and the Tiberium Suns to finish up there.
Always good to get a perspective from someone else on the world, hope you can find a way to meet up with your son in the near future. I guess building up my stock of PC parts before 2021 was a good idea, problem is I now have far too many and I still want to get more XD. Eventually i'll get everything out the door but the cards I did have went into a little etherbox and have made a decent amount of profit for me before the spiking difficulty drives me out.
It is a rabbit hole of research following and understanding what money is and how it works...House prices aren't going up - wages are going down relative to everything else...
Very informative video, thank you for the content dude.
I’ve always said I’d rather go grey than bald! Embrace it and the hair looks good!
On the note of inflation, quite a scary thing on the rise. Miners are having just as hard a time finding GPUs, they aren’t sucking up the supply to the level that we think. I think we too are going to be stuck on the inflated prices. Being a content creator in the same spot trying to always be after price/performance is very hard right now.
When something doubles or triples the price through few weeks it's not inflation, it's anomaly, hyperinflation. Shortage of supply in pair with high demand causes such high prices spikes.
Absolutely love this video. Especially because you’re so willing to admit what you don’t know and educated yourself to cover your blind spots. Esp true in a world where so many people dig their heels and stay ignorant
I didn't know that TechYesMan joined the bosozoku. The hair style gave it away, I'm sorry.
Loved the genuine talking head video, it really fits your style. Unfortunately it's not a very nice world we've been living in right now for the past year and half. Wish you the best!
Okay I've just heard from you what i've heard from outdoor survival preppers. Inflation, ridiculous food prices, and a tough depression headed our way. Time to till my backyard and plant wheat rice corn and veggies. My 3070 will have to wait.
The hair looks great. I’m going progressively grayer (starting in my early 20’s, now 37).
I always appreciate your content and positive attitude.
I’ve been researching the same thing! Great video!
I’m a saver too, I finally bought a cheap house but I waited too long. At least my mortgage will be covered by a few days work when the central banks really lose their crap.