You are being LIED to about inflation (here's the REAL cause)
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- Опубликовано: 31 май 2024
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You are being lied to about inflation. In fact, you're being told two main lies: the first is how high inflation actually is. But the second is who is truly responsible for a large part of inflation happening.
When we hear about inflation, we're told that it's primarily caused by the simple economics of money in the system. More money is printed, resulting in dollars becoming devalued, resulting in stuff getting more expensive. And yes, this is definitely a part of the inflation equation. However, there's a part that's often missed that in many cases, causes prices around us to rise as well.
To put it simply, it's all about corporate greed. And the desire of many companies to use inflation as a cover story for rising prices, so they can line their pockets. It's only possible they can do this due to lack of competition, which is something we don't think we have in today's world.
I'd love to hear your thoughts below.
0:00 - The big lies about inflation
0:55 - LIE 1: How high inflation really is
3:00 - The main narrative around inflation
3:26 - LIE 2: What is causing inflation
5:17 - Why competition is a myth
6:59 - Concentration of corporate power
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Presented by Sorelle Amore.
Written by Leon Hill.
#Inflation #PriceGouging #Inflation2022
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Finding financial advisors like JENNY PAMOGAS CANAYA who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them..
You’re not worth 3.5 million from labor, you invested and got lucky
I sometimes wonder if there's anything that they don't lie about.
It does make decisions in your own life easier.. You just need to do the opposite of whatever they tell you to do.
If u still have to wonder ur still naive brosef
The fact that they don't want too much democracy and want a cashless one world order
Only if it benefits them.
RIGHT... but NOTHING!
The market and the Fed consistently underestimate the sticky nature of inflation. The markets are still unsure if the Federal Reserve will continue to its plan to raise interest rates until inflation is under control, despite the fact that bond yields are rising while stock prices are falling. What is the greatest strategy to take advantage of the current bear market while I'm still deciding whether to sell my $401k worth of stocks?
Even though there will probably be more pain in the future, investors should look for stocks like Royal Philips NV and Alstom SA that have been sufficiently battered down to be a bargain or get a great portfolio manager.
That's why I'm creating more income streams that I have complete control over. These will take me places that my day job never could. The earlier you start investing your money and putting it to work, the more time compound interest has to work its magic on your portfolio. This is how I'm going to achieve early retirement and it's possible for everyone. understand , know the path needed and stay committed to the craft
@@duane_29 How are we going to achieve all that given that the market has being a mess most of the year seems farfetched. I keep hearing that the market is pricing in a 60% probability of a 75 hike. But isn’t it also pricing in a dovish fed that’s going to pívot relatively quickly?
@@philipr1759 My advisor Christine Jane Mclean is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@@duane_29 Thank you for this tip , I must say, Christine appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, educational background, and qualifications, and I must say, it was quite impressive. I reached out to her, and I have booked a call session with her.
Simply do this; disregard the market opinions and projections. I'd suggest buying shares of reputable firms and holding them for long that's exactly why investing in stock now will be the best a favorable decision
@Clara Lynn Pay no mind to all the major companies announcing layoffs. do you by any chance do referrals on your FA ? so I don’t make mistakes that are going to cost me a lot
@Clara Lynn She really seem to know her stuff. I found her online-page, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her.
Real estate anywhere is a safe bet
@@use-youtube what's the price and place?
In my country, Sweden, some goods have almost tripled in price.
Some energy companies and supermarket chains have made the highest annual profit in 30 years. Yet, they want us to think that the price increase is solely due to inflation.
It's becoming unbearable. The number of people in Sweden living under the poverty line has risen from 9% in 2020 to 15% in 2022.
This has to stop, and the only way to stop it is to boycott these companies.
How do you suggest we do that though? We are dependent on the food those supermarkets sell, and we cannot just boycot by not buying foods anymore. The only way we could is if we have farms nearby that sell directly to the consumers, but not everyone has access to those either. Very curious how you suggest we solve that problem.
I agree with the idea of boycotting. Unfortunately, as the lady explained, we can't just switch companies. They are merged. As a truck driver here in the USA, I witnessed a lot of corporate merging following the 2008 economic crisis. Pilot/Flying J, TA/Petro, K-mart/Sears, Target/Marvin's. Kelloggs cereal bought Sunbeam(cheeseits) and Keebler. Calgon took Nalco. PepsiCo owns Taco Bell, KFC, and Pizza Hut. Culver's sell Pepsi products, but I'm not sure if they own them too. It's the monopoly we didn't have in the 1990s when all these companies were separated.🥺
Here in the USA, the "poverty level" now includes about 40% of the population - including most young families and retirees. It is laughable that other nations consider the USA "rich", when Americans are literally living "paycheck to paycheck", and cannot afford a major illness or injury, due to the lack of universal healthcare. We are truly BANKRUPT, and fail to realize it !
@@alice19th Torches and pitchforks. The reason this happens is that those who want to increase their profits don't have to see the effects of it. What will people do when they are cold and hungry enough? Starve or freeze to death or go get the bastards who caused it? At the moment it looks like people are just going to take it but civil unrest often come from almost nowhere and once the barrier is broken all bets are off. Run.
This is just the beginning, remember for the great reset to be ushered in everything must completely collapse
Imagine the lies they told our great grandparents.
and the lies your grandpartents told you
Same here, last 4-5 generations are flawlessly gas-lighted but they point us as the weak generation. Yeah, take your society somewhere else - I didn't vote for it
We are being lied to about everything.
I've posted ALL this information on my own Facebook page, but who am I? I'm just one little person screaming into the wind, and the 50 or so friends I have don't really want to read or listen to things dealing with economics or politics or science ... they want entertainment, or to gripe at stuff.
Politicians will also not tell us the whole story (though there have been Congressional hearings on it) because it's FAR easier for one party to point fingers at another and blame them for all the nation's woes ... while deflecting attention from their oligarch donors. The governmental systems over the years have indeed made America "great" again, just like it was more than a century ago, just like it was during the age of the robber barons - the Gilded Age. At this rate, we'll regress back to a time of civil war soon. Just freaking great.
Now more than ever we need to support the local businesses. My local small grocery chain still has reasonable prices despite inflation.
Not the local businesses here, i cant afford to shop there
Those are gonna close doors soon with energy prices skyrocketing
@@xristinarose2409 Same in my small town in PA. The little grocery store we have is much more expensive then the chain store 15 mins away. Ex. local store: Turkey Hill Ice Cream: $7-$8, chain store: $3 to $4
Local businesses is where you really get burned. They are the worst inflationists.
We have a nearby small chain store with prices of most things as good as the big chains. It may not last but as small business owners ourselves, I make a point of shopping there. Shop local and small business if at all possible.
When you realize that everything you experience on a daily basis is only there to put more control into higher powers
Lol
The power of money in politics. A lot of politicians hate it too, and in Victoria NSW, there is a low limit to "donation"/bribe maximum amount to fund election campaigns.
@@johnd6389 whats lol about the comment?
\
@@blehlast3639
The conspiracy theories you guys push.
"Conspiracy theories" are spoiler alerts.
Do try to keep up.
In Argentina, what normally happens is that the government freezes prices by law and then the price of goods is so behind inflation that they have no choice but to jump in prices above inflation to compensate for months or even years of losses. So no, the fault lies with the loss of value of the currency caused by the government.
A big problem is that market price regulators for corporations are only a decoration or non existent. Where are they when most needed? Do we have to report these irregularities ourselves as consumers? To whom?
In any case, what these corporations sell as food/drinks it’s mostly JUNK! Yes, nasty ingestible poisons in disguise. If possible to where you live, get family/ friends to buy in bulk from co-ops, support small local markets before they vanish, try refills for cleaning and personal care products, look for local handmade toiletries, make your own fizzy drinks, etc. Although not as time/location convenient most local small traders do home deliveries. No excuses. We are part of the change, adjusting justifiable cost to where is worthy. Competition is not in the big supermarkets. Perhaps a matter of quantity vs quality?
We live in a world of monopoly, not competition…
🎯
You need to learn what a monopoly is.
Great, and I don’t see you doling out any definitions over here. 😂🤣
@@vennettegloud3128
Well a monopoly means 1 as in the only one in the market. The only place we see a monopoly is in government run utilities. Again you should just educate yourself.
@@johnd6389 the point made was that so called rivaling large companies are in partnership feigning competition.
The 50 dollar bill is the new 5 dollar
Soon to be binary code in cyber space token ...😒
Certainly, much of this inflation is the result of corporate greed. A convenient excuse to radically improve margins. This is also the case with much smaller companies such as my own. I have also used this as an 'excuse' to raise my prices for the first time in 15 years and not a moment too soon. I have lumped an extra 15-20% on everything my company produces, thus more than doubling my gross profit margin. If my customers succeed in working on the same margins as before, this will lead to my company's products increasing by at least double this figure in the retail shops. However, this is being done not just because of a ready-made excuse, it is because if I had not increased my prices while turnover is expected to significantly fall, full-time unemployment would have rapidly become a more profitable occupation.
So far at least none of my customers seem to have even noticed this massive price increase. This strongly suggests to me that my competition has also raised theirs very likely by more than I have. Therefore I am not finished yet. Next year I intend to increase them by another 10% and sod the consequences. They will either pay up and do so happily or they can all bugger off, while I am all but certain that my customers will take a similar attitude towards their customers. The general public seemed to not give a damn about either myself or my customers when we were both closed down for the best part of a year for no kind of rational reason and with virtually no compensation whatsoever, so why should I care about the general public now? They laughed, giggled, and fornicated while counting their apparently free furlough money, and now they can pay the ultimate price not me or my family.
Interesting that Tyson is so bold to price gauge like that while chicken meat processing plants have been mysteriously burning down
There's no such thing as price gouging It's not even possible. Too many companies in the world would sell for less..inflation is caused by excessive government spending which dilutes the money supply
We don't buy Tyson in our house, stickin it to "corporate" greed
I buy from a local farm. More people started doing that during the lock downs. Especially when the meat shelves got empty.
Smithfield meats is owned by a Chinese Company.
Tyson is a proud partner of the World Economic Forum
time for cancel culture to work on them?cc
Hmmm
Yeah you cancel food production. Lol
@@johnd6389 we need to enforce antitrust laws with capital punishment.
@@matthewatwood207
Lol, oh yeah because we have so many monopolies. The only monopolies we have are government run. Secondly your policies are the ones that hurt competition. Lol you vote for this.
What I witnessed and came to my knowledge the last few years:
Changed the definition of what a pandemic is
Changed the definition of what gain of function is
Changed the definition of what a recession is
Changed the definition of what gender is
... A couple of changes more, that don´t come to mind right now... and now
Changed the definition of how inflation gets calculated? That one totally flew under my radar, it still matches the pattern tho.
Changing the definition of words is called "Newspeak"
@@fypos aww yes the times we live in, Orwell for the system and Huxley for the culture
Next they change the definition of definition...
They changed the definition of a vaccine also. Imagine that.
Dale in Canada 🇨🇦
You left out: changing the definition of Nazi, racist, white supremacy, peaceful protest, illegal immigrants, free speech, right wing extremist, and the U.S. Constitution...to name a few more.
Again!! Keeping it real and edible for even the non-financial types to ingest. Thank you, Sorelle.
A couple things need to pointed out. You DO have a choice when it comes food. Purchase local, you don't need a grocery store when it comes to meat and produce. You can also purchase a a freezer and split the cost with friends and family on say having half a cow butchered and stocking the meat for months on end. This eliminates the corporate powers and supports your local farmers.
One other thing to point out is that there used to be protections/restrictions designed to prevent the massive corporations we see today. These were eliminated by, you guessed it, the government. Look no further than the Telecommunications Act of 1996 for just one such example. It was sold to the American public as protecting competition, but the end result was that we now have just six massive corporations that own 95% of what you see today. Don't think for one minute the government didn't do the same thing to the food industry.
I can agree that greed has played a part in what we're seeing today, however I completely disagree that it is the primary cause of the pain in our wallet. Failed government policy has brought us to this point, and I suspect it's due more to corruption than incompetence. The government has already decided to lie to your face about that ACTUAL rate of inflation by changing how they calculate inflation to their own benefit. They lied to you about being in a recession by changing the definition of a recession. Hell they even lied to you that the inflation we could see with our own eyes, simply didn't exist. So why should we trust them when they point the finger at greedy corporations.
Yes greed is obviously a driving force for the increase in prices, but they wouldn't even HAVE inflation as an excuse to raise their prices if our government wasn't spending us into oblivion and printing up increasingly devalued money. Don't give our government a pass, there IS NO inflation with out government action. For the record this is NOT and left or right issue, the corruption is coming from ALL sides. Don't be a home team fan on this issue, see the problem for what it really is and start voting like your life depends on it because it does. There are candidates that want to put an end to this corruption, it's your obligation to figure out who they are.
Companies posting record profits, tells me everything i need to know.
Yup.
GREED!!
Then you don't know anything. Record profits means nothing, you would expect to see record profits during historic inflation as it would require more money for the same thing as inflation is a reduction in buying power of the dollar.
But hey keep thinking you know enough.
@@timothygraff9464
Lol nope.
@@timothygraff9464 "Greed", huh? So you're telling me that you WOULDN'T want your grocery bill to go DOWN?!?! Well, I guess you can call me "GREEDY" then, because I would LOVE for my bills to go down!
I've spoken to a farmer who produces eggs and while he raised his prices by a little, the price of eggs has tripled compared to what it was a few years ago. So yes, companies are greedy as duck and honestly why wouldn't they? People are buying up the goods even at those prices.
The price of cheese has more than doubled and people still buy them like candy. It's crazy what's going on nowadays.
Lol has nothing to do with this at all.
Apples and oranges. The farmer's distribution cost is low while those companies you refer to are high because they are reaching a much larger customer base. If you were to snap your fingers and have the companies keep to the price the farmer is charging, millions would be without eggs. Personally I'd rather everyone have access to eggs because I am by default pro-human, pro-freedom, pro-liberty.
@@jshricks That's not a factor, except for fuel cost, and Wage rises. But large scale price gouging is a PROVEN FACT by the fact many primary companies had said "we must raise our own prices", then they recorded record profits, which showed that claim must have been a lie.
@@johnd6389 It does actually, see my comment.
@@pebblepod30
No it doesn't and your comment means nothing.
I believe many companies are gouging.
Its called, artificial scarcity.
In Argentina, politicians told us the same lie for decades. They always blame the companies. Market concentration, monopolistic businesses, etc. Then when the government lost the ability to print all the money they wanted, anual inflation dropped to 0%. As simple as that. We didn't learn the lesson and the government once again had power over the currency and now we have an anual inflation of 100%.
Lies from the powerful should lead to severe punishment for the powerful that lie so freely. As it is , the people suffer and the powerful get richer.
One of the side-effects of being "powerful" is immunity from punishment.
These people control everything who's going to prosecute?
If punishment was more punishing and severe, perhaps there'd be less to punish, if you catch my drift.
A more permanent punishment for white collar criminals.
@@blondthought5175 who said blonds were dump…😂
We need a Guillotine Base justice system in public and with witnesses, televised open source for ALL to see.
Cleaning up the system's from the top down.
Accountability by the neck.
Keeping the data for future reference.
Here in Canada most things are double in price .Absolutely insane !
Wow
Same here in Australia
What I have trouble reconciling is the ‘corporate greed’ ‘price gouging’ argument. If corporate profits are so extraordinary, wouldn’t that be reflected with an exceptional stock market performance? But we’re seeing the opposite.
I love how you brought up how much is owned by the biggest brands. I feel the need to point out that they also own the small and store brands. All any of this entails is merely changing the label on the container.
The world 🌎 doesn't stand a.chance if these companies aren't broken up. 🙁
Yeah, a lot of people believe that's the answer.
Exactly. We DESPERATELY need this. I'm desperate for this.
When you consider most politicians are indirectly funded by large corporations, it's no wonder we rarely see any antitrust allegations.
shop local, provincial and national, look for Made in Canada tags; stop buying colas, foreign goods, make your own food from scratch with locally grown food
Buying food and anything else you can localy whenever possible, cut out the middle man mega corporations. Better still, raise and grow as much of your own food as you can.
Plenty of food items are up around 50% for example the eggs I buy up 65%. The trick was to remove food shopping from inflation figure calculations.
65%? That's crazy.
@@Abundantiaco sounds like the UK!
Wow
The mayo I buy at Aldi has literally doubled since last year. That's 100% increase.
Lunch meat a year ago was $2.50 at Walmart now it's 4 bucks. Baking soda was 50¢ now it's $1.25. a
I could go on all day.
The other issue is the price of fuel. We've cut back drilling and production in the US and are now forced to beg other countries to ramp up theirs, putting us at their mercy, and the uncertainty of supply has driven it up, particularly diesel, which is mainly what is used to get products to market. Many countries in the European union became dependent on energy from Russia, and now that their pipeline have been mysteriously damaged, they're taking it in the crotch.
You add this to the fact that the vision that the WEF has for our future is that we will become a world of serfs serving large corporations because we will own nothing and be happy about it then we have a financial disaster on our hands. Of course the corporations will be more than happy for us to own nothing because it means we will have to rent everything from them. Proving the old adage that when you rob Peter to pay Paul, you get no argument from Paul.
You can't keep magically printing unbacked money and expect not to have empire toppling consequences.
Unless that is the point, because the people in control believe they can destroy everything and still come out on top.
@@Xander1Sheridan You are absolutely correct. The Freemasons who are part of the this darkness will tell you that you must destroy one system before another will be accepted. This is exactly what the NWO is doing. People are so blind or Trump hating that they don't see the left has sold out to the NWO and it's full steam ahead. I'm not a staunch republican either, I just believe they would buy us time before destroying the country in the same way. We are screwed because people are stupid and there may well be Biblical involvement.
Greed. It's always about greed. Everything going on right now centers around greed. All our pain and suffering will be for the love of money. I appreciate all your financial insight, Sorelle.
If it was just greed they would raise prices anytime they like, why now? Could it be an increase in the money supply? Macroeconomics 101
"Greed", huh? So you're telling me that you WOULDN'T want your grocery bill to go DOWN?!?! Well, I guess you can call me "GREEDY" then, because I would LOVE for my bills to go down!
@@JEDss454 that’s also greed. In any financial transaction the seller is always trying to sell for the most he can, and the buyer is always trying to buy for the least he can.
Greed + out of control, broken economic system. Theres always been greed and will always be, but if we have a good system, it will be in check.
Do what you can yourself…get a garden going if possible , reuse instead of recycle , live humble, shop the deals…
I love your advice on getting a garden.
We're going to have to rely on eating local
@@twitter.comelomhycy People get about 50% of their calories from grains, and most people can't grow those in a garden. On the plus side, you can buy a year of raw grain for under $200. Learning to cook from basic ingredients is a necessary life skill.
When I worked in construction, the price of concrete was negotiated between competitors. In other words, one Redi-mix company would call another one, informing them that they were thinking about an X amount of dollar increase per yard. When it became a consensus among the companies in the area, the price would go up equally among all of them at the same time, causing no one to lose business.
You can't tell me they don't do that at a corporate level. It's called "price fixing" and it's illegal - but only if it can be proven, which is hard to do when there's no paper trail. And since many of the government agencies are lobbied by corporations, you can forget any government enforcement on the matter.
I’m always trying to explain this to people, specifically the greed that goes into raising prices, companies are reporting record profits despite the claims of overhead, owning a business during inflation is the best time to be in business. Always has. Thank you for going more in depth. For your next video you should talk about what’s going to happen to the economy in mid 2023 when the effects of the interest rate hikes catch up. If you haven’t already.
I’m in the livestock industry and I promise we feel the pain Tyson inflicts on a regular basis
Every ten years this happens... the solar cycle is dictating rainfall, crop yields, food and meat prices, labor expenditure, company costs... then there's the longer cycle with the ability to swing average global temperatures that have triggered major wars and famine like clock work. This information is buried on mainstream media, RUclips included, instead we are bombarded by the CO2 lie, the elite are very much aware of this.
Need to open channels around these corps
Amen to that!!!
@@miketalich4454 Will have quite a few open by 2026 working on a $750 million project called Producer owned beef a COOP project with 330 owners
Yep, same here. I work for a small but very busy butcher and my family raises cattle. It is insane and our wonderful government keeps making it harder with all their stupid regulations.
There you go, you got it. Bam right on the nail head. 42 yrs of trucking and the hugh corporations have the freight rates at an all time low, rate vs cost to operate the trucks is way off. So transportation is not to blame. It's the greed of the Corporations.
So how was inflation calculated before versus now?
🍕🍕We’re being lied to about more things than just inflation 😂🍕
Every ten years this happens... the solar cycle is dictating rainfall, crop yields, food and meat prices, labor expenditure, company costs... then there's the longer cycle with the ability to swing average global temperatures that have triggered major wars and famine like clock work. This information is buried on mainstream media, RUclips included, instead we are bombarded by the CO2 lie, the elite are very much aware of this.
This
This story was a lie..she's just repeating what the government is saying about gouging
When you give massive donations to campaigns you can avoid being called out for the price gouging.
To be fair, Biden's government called out Tyson Foods and the meat industry in general for price gouging. Not defending his government, but they did already publicly call them out.
@@Abundantiaco Nice to know they’re not relenting in their war on meat.
@@Abundantiaco now that you mention it I do recall that. Also oil companies but I don’t really count that one since the left seems hell bent on getting rid of it, guess the same goes for meats also.
@@MarkSmith-uz4nf and now check out the Carnivore Camaraderie channel.
@@Abundantiaco it's hilarious that the governshit called out Tyson for price gauging, however that's all the government does, raising prices and taking all our money... It's just for show for the sheeple that stands behind the government...pretty Pathetic joke
Yep!
Your definition of inflation is in correct. Your definition describes the symptom of inflation (higher prices). Inflation is simply an increase in the money supply + the increase in available credit marked to market. Governments and central banks across the globe were pumping trillions of stimulus and cheap credit into the system during the pandemic. This fact coupler with severe supply chain disruptions caused a cascading effect if very high inflation.
And it's not just the products you're buying it's where you are buying them. You could shop for your groceries at four different chains that ultimately are all owned by Kroger.
Lol
Where I live we have Mom's Organic Groceries, Shoppers, and Giant which are each their own thing. There are brands like Essential Everyday which is its own thing as well.
@@cryora
Ok and?
Big companies were bailed out by governments and the working class pays taxes on this money. Now they make us to pay more for their products, we get screwed twice.
Back when I used to haul livestock, Tyson and other slaughterhouses paid $0.11 to $0.25 per net lb of beef, just for trucking in the live animals. Of course they would have to out pace inflation, as that cost only goes up with the cost of diesel and insurance. That doesn't include the cost to buy the live animals to begin with and cost to dispose of the waste products and to package and deliver the final products.
If a lb of live beef is $1.85 at the auction, by the time it's a hanging carcass that beef is up near $3 a lb just to be hanging there riding along getting more expensive each time its cut into smaller pieces.
In the UK CPI is 10% but RPI (including property costs e.g rent) which we hardly mention is 14.5%. There are fiddles too. One element tracked for prices is offal, which almost nobody eats and where most goes for landfill.
In Australia in the same tim that house prices had been raised by 400% wages had only increase 18%
Crazy, right?
My gosh god
Australia is heading for an inequality disaster due to the increase in house prices and rent prices. We are heading towards a society of nobles and serfs.
Klaus likes the slogan u will own nothing and u will be happy
What's crazy, if anyone has experienced portions. So like you go to a BK or buy a slice, or PB jars for example. You don't notice a price spike, but u get a lot less now. It's messed up.
Now it's been reported that the international bank says its missing 80 trillion dollars HOW? Is that possible
Who knows?
My gosh
I heard $65T but hey what's a few trillion dollars.
"Missing" is poor journalism, likley due to attention-grabbing headline words being prioritized over accuracy.
The $80T isn't being accounted for in gov't stats (hence "missing") nor public disclosures (due to gov't regs being loose enough for Off-Balance-Sheet activity) but is known and accounted for BETWEEN banks & other financial players (pensions, insurance corp'tns, etc.) .... so it all is effectively is In The Shadows, known only by-item by-entity.
Govt's, Central Banks, and other players don't know the real extent nor the impact of their decisions upon these varied assets & liabilities.
Theft
how do you stop the fast forward button?
So....these companies weren't as "greedy" before? Maybe they are charging higher prices and making bigger profits (NOMINAL profits) because there is so much money going around, because consumers are willing and able to pay those prices. Because of the increased supply of money.
The important question to ask, if the prices are going up because of monopolies, are they restricting supply? Thats the means by which a monopoly raises it prices, by reducing supply. ARE THEY DOING THAT?
Great video as usual, Sorelle! You are awesome! :)
You're the best!
This video is a joke.
Very well explained.. the key points.. excellent pace.. happy demeanor even when giving the bad news.. if only all presenters were like you 🙏
@@johnd6389 please share more of your compelling insight with everyone
@@tylerdurden4289
You mean like how corporations can't cause inflation.
THEY TELL US WHAT THEY WANT US TO HEAR NOT WHAT WE NEED TOO KNOW!!!!!!!
To know.
Not, too know.
Like always.
Great report. We also need to consider excessive govt. deficits, rapidly rising govt debt, tax policy and the printing of money thru QE. Without those it would be more difficult for cos. to raise prices and create oligopolies - of which there are too many.
Please clarify.... at first it is stated that the inflation is actually higher if we use old school calculations to determine the rate which would bring it to about 16%. Does Tyson's price increase reflect what prices should increase based on the old school methodology? Can you explain the difference in calculations of inflation from...say...the 80's and today so we can understand what you are talking about?
Politicians lie...also, water is wet.
Where I am, your basic basics, ie milk and bread, have risen by ~50% in the last few months although the "official" inflation number is 8.9%. Gas and diesel fell by 20% just recently. It's number juggling for political purpose.
Thank you Sorelle.👍
Wow
What you’re missing the Another reason manufacturers are marking up prices. EVERYTHING, you buy that is tangible (able to hold in your hands) has to be delivered by Truck. What has gone up in price worldwide? Fuel prices! As fuel increases the price of items go up. Simple economics without looking very hard.
Senior executive bonuses at these conglomerates are out of control. It would be nice to see a video comparing those bonuses pre and post pandemic
Ultimately, ALL of these corporations are owned by only two corporations that have the controlling interest in most everything we touch and need to live off of. The interesting thing is that both of these companies own a part of each other, although one company owns more of one than the other. It is called circular ownership. That single controlling entity is Vanguard. It is structured in a way that you don't know who actually owns it.
And they own all the media. Ultimately it all comes back to the banks which own all of the money. Technically "your money" is really on loan from them and must eventually, through whatever means, generally taxes, be returned to the bank.
Lol
Blackrock has higher ownership over many global companies than Vanguard does, yet Vanguard owns most of Blackrock, I found that really interesting.
@@crimsonshinobi5281
Its not relevant
@@johnd6389 ?
George Carlin said in an interview an illusion of choice.
Yep
Lol nope
It's a big club, and you ain't in it!
In the UK the supermarket chain Aldi came out with a statement that they would not take advantage of inflation to increase their prices for profit. I didn't realise at the time what they meant, but now I do, they were clearly having a dig at their competitors. They really have got my business for life with this kind of attitude.
Only problem is Aldi prices on staples like meat eggs butter etc have risen as much as other stores now. They are not immune to greed.
Thanks for shedding light on what's really going on!
Thats not whats really going on.
"Prices are going up because there is an additional quantity of money, asking, searching for a not-increased quantity of commodities. And the newspapers or the theorists call the higher prices, "inflation."
But the inflation is not the higher prices; the inflation is the new money pumped into the market. It is this new money that then inflates the prices."
- Ludwig von Mises
From "Ludwig von Mises on Money and Inflation"
This and the cost of transportation has more than doubled, anything you buy has to be transported, so anytime fuel more than doubles, it's going to effect the price of those goods.
Also companies are deliberately taking advantage of supply and demand to raise prices
@@twitter.comelomhycy If people are willing to pay the price, companies are willing to charge higher prices. There are lower prices out there, it's just not convenient to look for them.
@@fypos Umm in a oligarchy there aren't much places with lower prices
@@wymonwatson1309 yet fuel prices have fallen slightly but not food products.
I would love to disagree with you (and make the world a rosier place) but unfortunately I have a doctorate in economics... and you're right. The next video could be about how wages usually lag inflation which means that workers are again getting hammered and companies are making more profit (company cost of wages lagging relative to increased sales revenue from increased prices).
You don't have a doctorates in economics.
@@johnd6389 He probably does, that's why he doesn't know about real economics.
@@lizardking8388
I have an economics degree, its one of my advanced degrees. We all aren't incompetant fools disconnected from reality. Some of us actually had to work our way through college and find a way.
@@johnd6389 You have a degree in Keynesian (government) economics. That's what they teach you in school; which is not real economics. Learn Austrian economics.
@@lizardking8388
Lol no I have a degree in economics. Again the left proves themselves a joke.
We have not been diligent about prosecuting monopolies & anti-trust violations
Happy New year 🎉
I have lived and watched corporations buy and liquidate small manufacturing businesses. Then they went for solvent small to midsized banks. We see the effect when people began to try to find out who actually owns their mortgage
I could never wrap my head around fixing inflation with more inflation. It's like a unlimited none existent credit card. It's really weird how banks create Fiat currencies. Without a remedy in mind!
Fiat currencies are basically ponzi schemes.
This is correct; shadow states attempts to calculate inflation using the method used in the 1980’s and 1990’s. The main changes are the use of substitution, so if something in the shopping basket goes up in prices, such as apples, its assumed you will instead buy banana, which are cheaper. The other is the change in the shopping basket composition, so items such as iphones; TV’s and other manufactured items are more significant than items such as food, electricity bills and government charges. Finally highly volatile items have been removed, so items such as petrol and housing costs are not directly factored in the shopping basket.
The changes in inflation calculation may be more accurate in macro-economic terms, but it’s not accurate for an individual.
Companies are using inflation as an excuse to keep prices high and that is a normal stage whenever inflation begins, but this quickly ends when consumption drops. As long as governments keep on printing money this demand will continue, so in the US we should see a spike in inflation due to the last piece of legislation which was passed before the democrats lost control of the house. We can expect this inflation to have ripple effects across the world.
Interest rates are currently the only mechanism which will control inflation, so I would expect that to start increasing again in the 2nd half of 2023. I suspect we need to wait for a year before we see the actual peak interest and inflation rates.
I work in logistics in Canada. In 2020 CN and CP Rail started charging an astronomical "Booking fee" for all containers crossing Canada. A container that would normally cost $4000 to ship from BC to Ontario would now cost $9000 with a flat $5k booking fee. So all products on that container would now include an added surcharge from that increased freight cost. Just ridiculous.
Not to mention, Bill Gates is a major shareholder of CN.
This applies only to US, right? Here in Europe we are told much higher numbers (Here in Czechia 18+ %)
The numbers aren't accurate it seems almost anywhere. But yes, this video mostly is about the US.
Ah
Prices have doubled in the US
Inflation is just a social construct
Its worst in Europe because we printed even more then US, imagine that.....
Same goes with the housing rental industry, example they were happy making $1000 to $1500 a month a few years ago but now $2000 to $3000 and up, their expenses didn't go up that much
No but demand has.
they need to turn all their empty commercial spaces into housing
@@johnd6389 ±±¡
Thank you.
Spot on dear, once more. And behind them all, Vanguard and Blackrock.
These two were threatened by the occupy wall street movement for the first time in their history.
Shortly after that traditional media bombarded us will bullshit such as sexism, racism, now woke crap.
Divide and profit.
Not surprised. Greed has always been in the economic mix. It's just gotten worse. I refuse to let it govern my life. This video is 100% on point.
What you said is intrinsically correct especially about the few major companies owning most everything in various Industries. However there is one component you are neglecting to mention. Input costs energy. Energy cost is 50 to 75% more now than it was in 2020 for instance and those energy costs are the primary input cost in producing food because agribusiness makes fertilizer using natural gas Farms used diesel and gasoline heavily for their tractors and other implements. Plus they also use natural gas in the silos for drying out the crops after the growing season and the Harvest. Combine that with energy costs increased for transport of both raw materials and finished goods to Market the increase in cost at every stage has certainly exacerbated the increase in cost and to some degree Justified many of these companies raising their prices; so, quasi-monopolistic or not, it's just a fact of life
Thanks for clearing that up.
If that was the case, then wouldn't they not be having such record profits? If the cost of energy was actually proportional to the increase. Was she talking about net or gross?
Exactly
The general inflation started shortly before the specific food and energy inflation hit. Biden was called out on it at the time but everyone has forgotten now.
@@finalfantasy8VIII I'm wondering the same thing. It's easy to make claims on youtube with no sources.
My personal inflation, what I buy week to week, is up 20-30 percent over a year ago.
That's insane.
Mine is around 30% my home owners insurance was up 30% for replacement cost so if cost of housing goes up 30% it’s def higher and we are in for a very bad depression imo
Competition is good but when the competition is all in for themselves we are screwed
More baseless nonsense.
We are at the point that there are no political or legal remedies. Scary times.
Price gouging, what do we do about it?
Simply,, boycott the expensive products!
Buy directly from your local farms and cook your own meals. Vote with your money. Stop buying from mega corps.
Humans require honesty to move forward. Thanks
Honesty requires courage
@@andrejkt2631 And only a few have said courage.
Good luck with that
@@mbal4052 my words exactly!
Hell yeah!!
Yup.
Thank you 😊
I've been questioning this! Especially when streaming services costs are going up too 😧
All a bit of a scam.
I now shop at Aldi unnamed products. No coke,Tyson, lays chips. Mars candy. Etc.... fight back with your money.
@@michelleturner8558 But did you know in the Netherlands there is a Aldi shop filled with camara,s. These camara,s can see what you put in your busket. So if they own your bankaccount you can just walk through and paid the shopping
It is AMAZING how much benefit of the doubt Americans give their selected officials.
I feel like we don’t give benefit of the doubt it’s more like what can we do? What can we really do to change this? I don’t know
I didn't select my official tho
Of course
What we need is competition in government, it doesn’t matter which party is running the government the spending is out of control. Even under Trump government spending increased I did not see him veto any bills to reduce government spending.
I am retired and my hobby is woodworking and woodworking tools prices have been increasing more then inflation along with the price of lumber. Why because both disciplines have consolidated until there are only a few corporations that own just about all brands of tools. Take a look at Bosch tools and checkout how many tool manufactures are own by Bosch. And the same with lumber there is only a handful of mills all owned by the same two corporations. The mills all have used the Covid-19 as an excuses for the shortage of lumber but what was happening logs were stacking up at the mills and no lumber was being shipped. One corporation that owns a number of mills shutdown over half of their mills. The U.S.A. economy and really the rest of the world economies are being manipulating by the world Banking system and international corporations and these are owned or operated by a few of the wealthiest families in the world. Without competition there is no free market system and the governments around the world have not made much effort to stop the consolidation of these corporations.
Bottom line - governments and big corporations are in cahoots with one another, they intertwine & they don’t give a rats ass about the little ppl.
That’s why there needs to be term limits for our Congress people- they are to beholden to the corporations that fund their next reelection campaign.
They always have been
@@billbradley5296
Yep
And with the inflation rate what it is, it’s never been more prevalent & that’s why term limits need to be brought to the table for discussion.
Fascism
It's almost like theres a word for that
So you are saying g the left are fascists.
This has been the case for the last couples of decades here in Canada. People are only complaining now that it’s not just affecting those on the lower end of the economic spectrum.
I have complained for 10+ years and at best all I get is: “you’re so negative,” and “dude bruh did you see THE game bruh?!” And “cool story Bro!” And “you’re so negative who hurt you?!” And “…we JUST need a republican in office” and “we JUST need a democrat in office” and “dude bruh did you like um uh like see kim kardashians dress bruh?!”
The reality is that people care more about emotions > reality.
The Feelz > Reelz “lifestyle bruh”
GenZers and Millenials have been successfully conditioned to only care about the here/now.
@@07wrxtr1 that side of the struggle can be difficult. Not fitting in can be soul-crushing. A small price to pay for trying to call attention to real problems. Even if no-one wants to listen :/
Hell yeah....
@@07wrxtr1 I agree 100%. Canadians need to wake and get their shit together.
I am working in purchasing. Forget about 18% it's 20 - 25% and rising.
I e been saying this for a while , some material suppliers like wood yards have put their prices up double yet it's only fuel for the truck to the forest that's gone up , lots of shops are putting prices up and blaming inflation .
The fundamental problem is that government protect these companies from having their secrets be taken away from them, aka patents.
Lol yeah because allowing people to own their ideas is a bad thing.
@@johnd6389 you don't own thoughts especially once you've spoken of them out loud to others. These ideas merely occupy our conscious mind for a time and we perceive that as ownership because we're all silly selfish undeveloped creatures. To think otherwise is naive. Insulin production would be in a much better place if it weren't for patents.
@@johnd6389
Yet your forefathers said these mega-Corporations belong BENEATH THE AMERICAN PEOPLES FEET. We are their bosses, they supposed to be at our mercy.
Most patents are worthless and don't provide enough protection to prevent competitors from making a similar product. Plus patents make the intellectual property public. A lot of ideas are kept safe in the form of trade secrets and nondisclosure agreements with their employees. If you want to build a factory that manufactures, say, scissors, you'd have to figure out how to do it yourself or know / hire someone to do it for you. And then there's the costs associated with getting shelf space in retail stores.
I keep my receipts and compared the same food items from the same retailer here in the UK from one year ago. Some prices were up 15% some 100% but overall an average of 55% increase over 25 common items. (apparently inflation is only 11%)
I knew it. Part of it is greed
Missing the demand size ... of inflationary pressure.
What brought this demand so high ???
This is why I buy from local farmers and try to produce as much as possible my own food. If we stop buying coca cola and other poisons, they would not make profit at all.
Until people become more mindful of what they are supporting with their dollar, nothing much will change.
Lol well no kidding if no one bought from them they would go out of business.
@@sherrybonnett4827
Lol well the left caused this problem and now are trying to blame others for it.
It’s a worldwide problem, not just here in the US
Do u understand what fiat currency is? Do u understand the impact the u.s. dollar has on the global market? Anything that effects us effects the entire world when it comes to policy and money
It sucks to say the least.
I think you're pointing out the world follows economic trends in the US. But the restrictions on our energy industry and continuous government spending is why we have inflation
added factor in the rise of prices are the hidden carbon taxes ..shippers have to pay higher prices for scrubbers ev friendly fuel etc and those costs get passed on ...truckers have to buy new ev friendly trucks that are very expensive and the fuel is expensive and have to pass on the cost ...farmers are paying huge fuel costs and the cost gets passed on to you ......not responsible for all the inflation but certainly a good part
Mind-blowing stuff. Amazing as always. Thanks a lot Sorelle!
Most important thing: inflation is not rising prices, inflation is increasing of money supply. Rising prices are result of inflation. You have to check dictionaries of 1950s. Definition was changed not to blame banks and governments but corporations and consumers. Another thing is corporations rising prices more than inflation. Remember, corporations were postponing price increase because of FED statements of transitory inflation so they did not want to lose customers. Once they realized inflation is here to stay they increased prices even more to catch up to losses.