Economic Update: The Economics of US Labor Struggles and Gaza

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  • Опубликовано: 6 ноя 2024
  • [EU S14 E43] The Economics of US Labor Struggles and Gaza
    In this week’s episode of Economic Update, Professor Wolff discusses the economic repercussions of Western sanctions and how the retaliations they provoke. We then turn to the latest labor strikes and wage & benefit gains achieved by unions at Boeing and East Coast dock workers. We highlight China's dominance of the global energy markets; and U.S. spending on military and police.
    Finally, we close with an economic analysis of Israel's ongoing violence in Gaza.
    If you haven't already, please subscribe to our channel, follow us on social media and of course be sure to sign up on our website:
    www.democracyatwork.info
    As always, we thank you for your attention, support, and solidarity.
    The d@w Team
    Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community:
    / democracyatwork
    Or you can go to our website:
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    Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else.
    We want to thank our devoted community of supporters who help make this show and the others we produce possible each week. We kindly ask you to also support the work we do by encouraging others to subscribe to our RUclips channel and website: www.democracyatwork.info
    Professor Wolff's latest book "Understanding Capitalism" is available now for purchase: linktr.ee/unde...

Комментарии • 237

  • @sigolwidearemo8575
    @sigolwidearemo8575 18 часов назад +5

    Thank-you Mr. Wolfe for teaching economy in this world. 😊

  • @RW-vu3dz
    @RW-vu3dz 13 часов назад +1

    Truely glad to have found this today! Enjoy the delivery!

  • @vivalaleta
    @vivalaleta День назад +8

    Love your style, Professor Wolff. So much information in a casual and complete delivery.

    • @jgalt308
      @jgalt308 День назад

      Especially when you never bother with actually verifying it.

    • @vivalaleta
      @vivalaleta День назад +1

      @jgalt308 What in particular would you like me to verify? hmmm?

    • @jgalt308
      @jgalt308 День назад

      @@vivalaleta everything in the video especially the complete part as already challenged.

  • @philipzaccheus8398
    @philipzaccheus8398 День назад +5

    Listening is the best and easier way of getting informed so good luck

  • @flyingsquirrel111
    @flyingsquirrel111 День назад +2

    These weekly updates help keep me sane.

    • @JamesBrown-ux9ds
      @JamesBrown-ux9ds 13 часов назад

      Minute 20 and later - maybe the 2023 71.7 billion USD NSA budget could be worth mentioning too? And US defense budget 2024 ist said to be approved 842 billion USD now.
      And the general public of the world of course watches/monitors when and how the US empire will follow the assumed trend away from defense hardwares to ever better NSA capabilities as shown by future budgets, reductions in hardware (defense) outbalanced by NSA capabilities - these budgets are on purpose for the US and the world, they are not for themselves.
      And I continue to miss the potus to make announcements on such shifts between the two budgets and when this may presumably happen.
      (The USA misses out on so many things today everywhere, it's not yet too important.)
      (Maybe defense just doesn't want NSA to know to much about details of US defense secrets? And therefore wouldn't be too much in favor of future increses in NSA budgets. We all know using NSA more is way more efficient than bombings or boots on the ground, fact.)
      (Use of NSA wrongly may become reversed with less harm to the US and the rest of the world, when compared with solid damage done by force and explosives somewhere else and abroad, a fact not yet discussed very often? But why?)

    • @flyingsquirrel111
      @flyingsquirrel111 12 часов назад

      @JamesBrown-ux9ds why you telling me this?

  • @olga66
    @olga66 16 часов назад

    Enchanted! ❤

  • @yogi4lyfe
    @yogi4lyfe 15 часов назад

    Thank you

  • @flow963
    @flow963 2 дня назад +26

    Who authorized the $billions in military aid to Israel? Under what authority does POTUS order US troops and aircraft carriers, etc. to join a war without a declaration of war?

    • @GrandSolarEclipse
      @GrandSolarEclipse 2 дня назад

      Terrorisme was created to allow the US to go to war without congress having to declare one. The FED ,the US army and all the 3 letter institutions like the CIA, FBI ,IRS are controlled by the same group of people. They want more for themselves and nothing for you and I. They declare war, print money and the citizens have to pay through taxation and inflation. Money has lost its value through that process. They have all the gold and the important businesses. The control the currency flow through printing and taxation. They are the Beast of revelation spoken about in the bible. The US dollar is the mark of the beast . And you know the beast system because they impose sanctions, you won't be able to buy or sell just like what happened to Russia and currency confiscation.

    • @stephenlock7236
      @stephenlock7236 2 дня назад +2

      When was the last time the POTUS paid any attention to the law?. The POTUS is a law onto itself.

    • @TheTerminator-1
      @TheTerminator-1 День назад

      And if you think it's bad now, just wait till till/if Trump regains power.
      His SCOTUS has basically made him a king.
      We are sooooo screwed

    • @jgalt308
      @jgalt308 День назад

      @@stephenlock7236 That ended in 1939.

  • @a.esquivel2434
    @a.esquivel2434 День назад +2

    Amazing work Dr. RICHARD WOLF!! ❤

  • @joshJ.
    @joshJ. 2 дня назад +3

    Thank you 🙏 Professor Wolfe for another great analysis on the world economy! And also for saying it like it is as far as Israel/Palestine , middles East affairs

  • @mikepeterson4248
    @mikepeterson4248 27 минут назад

    Earth is level & stationary.

  • @MikeTesa
    @MikeTesa День назад +4

    I need a wage increase but I'm on commission. Not doing well at all. Boy I wish we were union

    • @paulsherman51
      @paulsherman51 День назад

      Wages only applies to, and benefits, people who are employees.
      Thus, "living wage" and "minimum wage" are exactly the wrong things to do--they only drive a viscious spiral upward without bound.
      What's needed are maximum costs (e.g. price controls; regulations) because they apply to everyone.

    • @jgalt308
      @jgalt308 День назад

      @@paulsherman51 The gift of fiat is what causes inflation and in terms of
      lawful money the rate of inflation has been 7700% since 1934.
      To put that in perspective, previous rates have been 95% from 1860 to 1865
      and 113% from 1897 to 1926.
      Also the minimum wage was the living wage as in living "minimum living wage"
      which began at 25 cents.hr in 1938.

    • @paulsherman51
      @paulsherman51 21 час назад

      @@jgalt308 true, but don't forget the economic system since 1934 has been caputalism. Again, "minimum living wage" applied only to employees (i.e., "wage slaves") working under private business owning masters.
      Prices to independent (non-wage slave) workers and businesses are analagous to wages of employees. To be fair, cannot control one without the other, else the system becomes unbalanced.
      Fundamentally, increasing the minimum level of anything leads to positive feedback and an unstable closed-loop dynamic; lowering--or controlling--the maximum level of anything leads to negative feedback and a stable closed-loop system.

  • @XykcTepa
    @XykcTepa 2 дня назад +5

    Seized such a nice way to describe it. STOLE is the right word. They just declared it's OK to steal another country's assets in the name of democracy!

    • @pausereflect5911
      @pausereflect5911 День назад

      THEY HAVE BEEN DOING IT FOR YEARS. 80 years so far if you take it back to India days under the Brits. Since SANCTIONS they've called it all sorts of names under the pretext of sanctions. PIRACY and STEALING is RIGHT.

    • @pausereflect5911
      @pausereflect5911 День назад

      THIS time other countries have the power to respond.
      Trumpf's hatefilled campaigns seems to assure of raws.

  • @Retalak
    @Retalak 2 дня назад +16

    I appreciate your ability to recognize Israel as a settler colonial state and criticize it's actions in Gaza. I know you have family in Israel, it's definitely not an easy position to be in. I hope for peace for everyone's sake and for the health and well-being of your family there.

    • @mr-iz8cx
      @mr-iz8cx 2 дня назад +3

      Ethics

    • @Salamanders4life
      @Salamanders4life День назад

      his family should move to their actual motherland instead of being a part of the colonial state

  • @lucciolasormonta6778
    @lucciolasormonta6778 2 дня назад +3

    Dear Mr.Wolff, thank you for this analisys.
    You understand that european settlers have to give back all stolen properties!?! There is no agreement until justice will be done and all the crimes against humanity will be judged.

  • @ABee-vd6rt
    @ABee-vd6rt 2 дня назад +66

    China spent over $900 BILLION US DOLLARS on education in 2023 alone. That’s pretty awesome.

    • @khafrekhufu7259
      @khafrekhufu7259 2 дня назад +4

      Invest in baidu, baba, PPD. China's growth is nothing short of amazing...plant your seed folks

    • @joeme
      @joeme 2 дня назад +1

      I wonder if we have spent that much in the last ten years?

    • @joeme
      @joeme 2 дня назад

      @@khafrekhufu7259 China's labor market is the reason the US is screwed.
      Tricky Dick got China to look outside.
      Ronnie Radical got them to come out and play.
      Slick Willie signed China into the World Trade Organization, at which time AMERICA and AMERICANS started losing 50,000 manufacturing jobs A MONTH.
      The rich and corpeRAT America said it was for lower labor rates.
      Price went up, quality tanked and the rich and corpeRAT America opened more bank accounts while Dad & Jr carpool in a 20 year old car to start another day at Mickey D's.
      In my book, you are no better than a Chinaman with your Patriotism.

    • @abelflores1593
      @abelflores1593 2 дня назад

      ​@@khafrekhufu7259China's going to ban America from investing in China you didn't know that

    • @mikem3242
      @mikem3242 День назад +1

      @@khafrekhufu7259lmao colonial mindset 😂😂😂

  • @hermitthedruid
    @hermitthedruid 2 дня назад +8

    Free Palestine!

  • @eugencunliffe-ion3110
    @eugencunliffe-ion3110 2 дня назад +16

    Well done Mr Wolff, I was wondering..... and you answered. THANK YOU.

  • @jermainemyrn19
    @jermainemyrn19 2 дня назад +10

    Im homeschooling my kids. They will be reading your book understanding capitalism. I'm not preaching econ 101 to them because it's all lies.

    • @limitisillusion7
      @limitisillusion7 2 дня назад

      Econ 101 is fine to gain an understanding of the current function of an economy, supply and demand, etc. It explains what's going on. The problem is when we define the bounds of our economy by the principles in econ 101.

    • @jgalt308
      @jgalt308 День назад

      @@limitisillusion7 And what principles would those be?

    • @pausereflect5911
      @pausereflect5911 День назад

      What a shame, that a tax paying community/country has to resort to home schooling. In a well organized SOCIETY, we'd be sure to make the best provisions for our children. Still I suppose they mean to outsource that to AI too.

  • @JoseColomer-e9u
    @JoseColomer-e9u День назад +1

    Exactly - wouldn't need them

    • @jgalt308
      @jgalt308 День назад

      Now that is funny.

  • @Ustaadjhatka
    @Ustaadjhatka 2 дня назад +19

    Dr. Wolf is a genuinely good human. God bless, and thank you for the information you provide .

  • @ErnestZDodson
    @ErnestZDodson 2 дня назад +32

    In light of the global crisis, rising inflation, and economic instability caused by inadequate governance, stocks, ETFs, Mutual funds, and REITs, assets can serve as a viable path to achieving financial independence

    • @Grey-y6u
      @Grey-y6u 2 дня назад +3

      If you've achieved any financial security, savings, owning a house, a pension.... you'll find these are going to be a financial burden around your neck..... they'll tax you to oblivion..

    • @Joyce-is7kq
      @Joyce-is7kq 2 дня назад +2

      Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.

    • @Pfluegerr
      @Pfluegerr 2 дня назад +2

      More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

    • @SbcCompany-h1w
      @SbcCompany-h1w 2 дня назад +1

      One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments.

    • @Pfluegerr
      @Pfluegerr 2 дня назад +2

      A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

  • @faizalmacho8960
    @faizalmacho8960 День назад +2

    THANKS PROFESSOR

  • @lenina17
    @lenina17 2 дня назад +9

    It's crazy how much actual news you get from these videos.

    • @jgalt308
      @jgalt308 День назад

      In journalism the news is factual...what those facts indicate is NOT a news function.

  • @jackshultz2024
    @jackshultz2024 День назад

    What might make for an interesting program would be a comparison of the elements of the American GDP and the Chinese GDP.
    The US economy is heavily financialized and militarized. How do these factors influence their respective economies?

    • @jgalt308
      @jgalt308 День назад

      You mean "with Chinese characteristics" isn't a sufficient explanation?

  • @rogerstarkey5390
    @rogerstarkey5390 2 дня назад +9

    Can USA (essentially bankrupt) affird to continue funding the 51st state? (Israel)

    • @limitisillusion7
      @limitisillusion7 2 дня назад

      For a time. But then the funds being drawn away from the mainland US will take their toll. There's is no identifiable inflection point. It's more like a gradual decline in morale.

    • @fauziachoudhry5312
      @fauziachoudhry5312 2 дня назад

      It's the other way around. US is the state of Israel

  • @indigifem1
    @indigifem1 2 дня назад +6

    Professor, not a”war”; Israel is under legal review for apartheid, atrocities and crimes against humanity that preceded the current review for genocide.
    Re: “reservations”, US settler colonial genocides and Indigenous peoples-while “reservations” are a significant reality for some of the Indigenous peoples the US settler society conducted genocide against, the US also conducted genocide against over 400 federally non-recognized tribal nations whose descendants still resist and remain in non-reservation communities across the U.S. Furthermore, the US is committing genocidal acts against millions of Indigenous families who are tax paying migrant workers and whose settler countries of origin are south of the contested U.S.-Mexico border. Also, a large number of non-recognized Indigenous peoples that the U.S. has conducted genocidal violence against are the numerous tribal groups that fought and still fight against the “U.S.” border wall, a gulag structure that American Zionists architected in the Texas-Mexico region and which significant Indigenous resistance movement against has determined key ‘design’ ties between Israel govt and Michael Chertoff prior to the implementation of the Secure Fence Act of 2006.
    Professor, so much respect for you, and please do more detailed research on the US-Indigenous genocides beyond legacy academic scholarship! Your mind will be decolonized by it. Hope this helps you refine your keyword searches.

    • @nmavrantzas
      @nmavrantzas 2 дня назад

      I try to remind myself that Prof. Wolff is talking to 'muricans. Maybe above the norm, but 'muricans all the same.

  • @thomasduggan8755
    @thomasduggan8755 2 дня назад

    ❤ Best wishes from Manchester Old England great show everybody keep up the good work

  • @Ace1000ks19751982
    @Ace1000ks19751982 2 дня назад +4

    The US spent $118,000,000,000 on the police, so the US is a militarized police state. 🤣

    • @jgalt308
      @jgalt308 День назад

      That is no longer actually engaged in policing.

    • @jgalt308
      @jgalt308 День назад +1

      @@Ace1000ks19751982 Which words are beyond your comprehesion?

    • @pausereflect5911
      @pausereflect5911 День назад +1

      ​@@jgalt308They are certainly equipped for a lot more than Policing for sure. Looks like an armed force.

    • @jgalt308
      @jgalt308 День назад

      @@pausereflect5911 "Government is not reason, it is not eloquence, it is force; like fire,
      a troublesome servant and a fearful master. Never for a moment should it be left to irresponsible action."

    • @pausereflect5911
      @pausereflect5911 День назад

      @@jgalt308 Too right!

  • @astralab-d1
    @astralab-d1 2 дня назад +3

    22:33 Federal and state funding of police keeps the chain of command compliant to big money interests. Who will break the cycle of secrecy and coercion?

    • @jgalt308
      @jgalt308 День назад

      "Government is not reason, it is not eloquence, it is force; like fire, a troublesome servant
      and a fearful master. Never for a moment should it be left to irresponsible action."

    • @pausereflect5911
      @pausereflect5911 День назад

      The "Monied Interests" gotta feel safe, don't they? USA being the "safest" as Fortress America!

  • @randyosborne3971
    @randyosborne3971 2 дня назад +6

    Our Congress is for sale. On the take. BOTH PARTIES. Therefore, I'm all in on gold.

  • @SimonAshworthWood
    @SimonAshworthWood 2 дня назад +11

    Vote Green Party! Jill Stein for president! Free Palestine!

    • @GrandSolarEclipse
      @GrandSolarEclipse 2 дня назад

      It doesn't matter who you vote for. The deep state runs it all and they will get their way. Most of those candidates are puppets that play along while giving you hope for change.
      The last president to fight the system was JFK. We all know what happened to him.

  • @JohnVetran
    @JohnVetran День назад +8

    *Making money is an action. Keeping money is a behavior, but "Growing money is wisdom" I just saw this quote🔥*

    • @Bulletproofsoul-p1t
      @Bulletproofsoul-p1t День назад

      Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.

    • @GraceKennedy-t2m
      @GraceKennedy-t2m День назад

      Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I've been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.

    • @NovPatricia
      @NovPatricia День назад

      Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things

    • @ChrisHector-yx1xn
      @ChrisHector-yx1xn День назад

      Wayne demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

    • @UkaohaPrecious
      @UkaohaPrecious День назад

      I'm surprised that you just mentioned and recommend Mr Rick Wayne. I met him at a conference in 2018 and we have been working together ever since.

  • @tranphung2726
    @tranphung2726 2 дня назад +2

    Excellent elucidations, Mr. Wolff.

  • @geoffreynhill2833
    @geoffreynhill2833 День назад

    Where's Humphrey Bogart? Where Sitting Bull? 🤔

  • @G0ldbl4e
    @G0ldbl4e 2 дня назад +14

    Search IDF officers invoked defunct ‘Hannibal Protocol’ during Oct. 7 fighting - report

    • @samaval9920
      @samaval9920 2 дня назад

      USpioneered this tactic when it dropped atom bombs on Hiroshima & Nagasaki, + many US, English. Australian, New Zealnder, etc. POWs- deliberately sacrificed in order to hit targets.

  • @limitisillusion7
    @limitisillusion7 2 дня назад +1

    I don't have a problem with replacing workers with machines. We have always adapted to this phenomenon in the past, and we will in the future. For example, you don't see people complaining about backhoes taking the jobs of men with shovels anymore.
    What we need to focus on is how to distribute the value created by the machines to the people who's jobs were replaced. If one backhoe operator replaces 10 workers with a shovel, we have to essentially divide the operation of the backhoe among the 10 workers. It's not quite that simple though, because the backhoe requires engineers, salesmen, mechanics, and an oil industry to operate. Even if the number of total laborers diminishes, the remaining labor must be divided amongst the available laborers. That means less hours should be spent working for a proportionally higher wage.

  • @mjs3343
    @mjs3343 2 дня назад +11

    Interesting info and perspectives. It makes sense. Thank you.

  • @sigolwidearemo8575
    @sigolwidearemo8575 18 часов назад

    More than eighty years of genecide in the GA,ZA 😢.

  • @NicholasWarnertheFirst
    @NicholasWarnertheFirst 2 дня назад +2

    Great Stuff 🎉

  • @leroitiaks
    @leroitiaks 2 дня назад +16

    There has been no single material evidence of war crimes committed by the Resistance during Al Aqsa Flood on October 7th 2023 so far (though crimes might have been committed). The zionist entity's media and individual military personals have acknowledged of the use of the "Hannibal Doctrine", i.e., the killing of their own citizen to avoid them being captured by the Resistance. In addition, much of the "civilians" in the entity (age 18-51) are reservists for the IDF, and therefore would be considered legitimate target according to the US and the West's definition of "enemy combatants".

    • @hermitthedruid
      @hermitthedruid 2 дня назад +2

      Well said.

    • @rickykirk2203
      @rickykirk2203 2 дня назад +3

      But if you say these facts you are labeled a terrorist sympathizer…

    • @basilalfehaid4423
      @basilalfehaid4423 2 дня назад +1

      They said there was one kid that got shot in a crossfire between Hamas and IDF

    • @tesso.6193
      @tesso.6193 2 дня назад

      @@basilalfehaid4423 That's like 50k less kids than Israel killed. Israel went out of its way to build civilian settlements around and between military bases that exist entirely to genocide Gazans every few years.

    • @stephenlock7236
      @stephenlock7236 2 дня назад

      ​@@rickykirk2203A terrorist sympathiser nowadays would be correctly use to describe a state terrorist.

  • @adelsabry33sabry66
    @adelsabry33sabry66 2 дня назад +1

    Great thanks a lot from Gaza

  • @peterkerruish8136
    @peterkerruish8136 2 дня назад +3

    I cannot even make a comment - because You nailed it M8. Thankyou.

  • @akken2112
    @akken2112 2 дня назад +1

    My two favorite living scholars, Dr Wolff and Dr Horne.

  • @phongy45
    @phongy45 День назад +1

    why usa leaders are not listening to you guys????

    • @vivalaleta
      @vivalaleta День назад

      Because they prefer money and power over information.

    • @jgalt308
      @jgalt308 День назад +1

      @@vivalaleta The money is fake...the POWER is REAL.

  • @astralab-d1
    @astralab-d1 2 дня назад +3

    Great program and episode! Unparalleled perfection.

  • @astralab-d1
    @astralab-d1 2 дня назад

    Wolff needs to narrate a documentary. Great inflection and nuance!

  • @jtlusong
    @jtlusong 2 дня назад +3

    I love how this channel’s intro be soundin like a Dr. Dre, 50 Cent or Eminem song

  • @thomasduggan8755
    @thomasduggan8755 2 дня назад +3

    Best wishes from Manchester Old England great show everybody keep up the good work ❤️😎 Cheers

  • @StateOfPurgatory
    @StateOfPurgatory 2 дня назад +2

    Is that really Israel or it is Imperialism led by great Imperialism America

  • @cynthiahall2379
    @cynthiahall2379 2 дня назад +7

    Israel had its hand in the events of Oct. 7. We know that

    •  День назад +1

      Isrealie leader hate young progresiif raver!!!!!that was not a big lost for them!!!!!! 750 idf soldiers dies since oct 7...600 kills by there own millitary....french montreal qc....

    • @jgalt308
      @jgalt308 День назад

      What hand did it have in the events of 1936 thru 39?

  • @breft3416
    @breft3416 2 дня назад +1

    Unregulated capitalism is destructive beyond it's basic faults.

  • @tomover9905
    @tomover9905 2 дня назад +6

    Thank you for this video

  • @juliusmanabeng8071
    @juliusmanabeng8071 2 дня назад +1

    Israel had been going out on a limb for so long, it's unthinkable what happens when the US finally goes bankrupt and the USD is no longer a significant currency.

    • @jgalt308
      @jgalt308 День назад

      That happened long ago...

  • @03invictus
    @03invictus 2 дня назад +2

    Thank you Dr.Wolf America should appoint you as the new Secretary of the Treasury ,i think America would be in better hands !

    • @jgalt308
      @jgalt308 День назад

      Now why would you appoint someone who doesn't know what money is or where inflation comes from?

  • @soltanakouider5922
    @soltanakouider5922 2 дня назад +1

    thk u

  • @maytons
    @maytons 2 дня назад +1

    There is no politician or agency that can change the laws of economics.
    Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation.
    The "Triffin dilemma" refers to the economic conflict that arises when a country's currency serves as the primary global reserve currency, forcing it to balance its domestic economic interests with the need to provide enough liquidity to the international market, potentially leading to trade deficits and undermining confidence in the currency's value if it runs excessive deficits to meet global demand.
    The bullwhip effect is a supply chain phenomenon that occurs when small demand changes at the retail level become larger fluctuations in demand as they move up the supply chain. The effect is named after the physics of cracking a whip, where a small wrist snap creates a chain reaction of increasing wave patterns.
    The Cantillon effect occurs when a central bank increases the money supply and the new money doesn't get distributed evenly across the economy. Instead, it's initially received by certain organizations, such as banks and private equity firms, which gives them more purchasing power than the general public. These organizations can then make investments and get loans, causing prices to rise before the rest of the population receives the new money.

    • @someonenotnoone
      @someonenotnoone День назад

      Behavioral sciences are in fact dependent on behaviors. All people change the laws of economics.

  • @TheTerminator-1
    @TheTerminator-1 День назад

    @SimonAshworthWood wrote "Vote Green Party! Jill Stein for president!
    ============
    In a 2-party system like here in the U.S., voting for a candidate like Stein is throwing your vote away in the most important election in our history. Trump will thank you.

    • @Ahng_Noying9574
      @Ahng_Noying9574 14 часов назад

      Now that we have most votes tallied, I can say you're objectively wrong. Green party averaged barely 0.8%, and the totality of ALL third parties added averaged only 1.8%. Even if we added Green Party votes, the Democrats were going to lose, and even adding all third-party votes wasn't going to tip the scales. Face it. Blue lost, and it's their own damned fault.

  • @marycollins8215
    @marycollins8215 2 дня назад

    Best intro music ever! Go Dr. Wolff

  • @AlmaMercer
    @AlmaMercer 2 дня назад +1

    Thank you Good reporting

  • @gcteak
    @gcteak 2 дня назад

    Thanks!

  • @414monii
    @414monii 2 дня назад

    We need a patreon stream with Qs and As, Dr. Wolfe

    • @jgalt308
      @jgalt308 День назад

      Then join...then you might get to ask a question that might be answered
      although not likely...but it is the only benefit you will be offered...
      and the professor "wouldn't have it any other way."

  • @patriciacvener1968
    @patriciacvener1968 2 дня назад +2

    Social Security colas never keep up with inflation either. Once those workers join us elderly trying to subsist on our monthly payment they will go backwards financially even more.

    • @hrwise89
      @hrwise89 2 дня назад +2

      My parents got their 2 or 3 percent social security COLA this year, and their rent went up 14%. A truly reprehensible system

    • @patriciacvener1968
      @patriciacvener1968 2 дня назад

      @@hrwise89 Exactly. We are tired of the Capitalists trying to push our deaths.

    • @tesso.6193
      @tesso.6193 2 дня назад

      At this point it's better to retire in a global south country where USD goes a lot further. There are already retiree communities in many places.

  • @jglg7238
    @jglg7238 2 дня назад

    Do a video topic on "Yellow Peril" to educate, arrogant westerners and european, about Asia China

  • @Humphking
    @Humphking 2 дня назад +1

    Lamar VS Texans 2023 AFC divisional round
    **Passing Stats
    CMP 16
    ATT 22
    PCT 72.7
    YDS 152
    AVG 6.9
    TD 2
    INT 0
    RTG 121.8
    **Rushing Stats
    CAR 11
    YDS 100
    TD 2

  • @jad1079
    @jad1079 2 дня назад +1

    Russia doesn't spend much on its military.

  • @debbino4249
    @debbino4249 2 дня назад

    what is the music that starts economic update?

  • @ramazanhoxha4265
    @ramazanhoxha4265 2 дня назад

    good stuff here

  • @Lonelyheart1776
    @Lonelyheart1776 2 дня назад +1

    👍👍

  • @chieftainarrowhead
    @chieftainarrowhead 2 дня назад +1

    We're all slaves to a higher power ...

    • @jgalt308
      @jgalt308 День назад

      seeking better chains.

  • @PahatRout
    @PahatRout 2 дня назад

    Prof. are the average workers misled by their union bosses? Or simply beyond their perception on what is happening to the national economy?

  • @irinabass1655
    @irinabass1655 2 дня назад +1

    exuse me! Isn't a brutal invader, who denies the right of existence of the neighbouring country, supposed to be punished? Are you exusing the invader? Do you also deny Ukraine's right for existence?

    • @jgalt308
      @jgalt308 День назад

      Where did this invader make such a declaration?
      Whereas the extinction of the "jews" from "Palestine" was made clear in 1939,
      considerably before the 1949 U.N. vote of partition.

  • @cristinakasselas555
    @cristinakasselas555 2 дня назад +1

    Excellent report, in plain language for all to understand ! Good luck to all of us as there is nothing bright in the future !

  • @piku5637
    @piku5637 2 дня назад +2

    Vote💙to prevent Project 2025 and things from getting much worse and buy humanity more time🐈‍⬛🚩🏳️‍🌈🏳️‍⚧️

    • @rogerstarkey5390
      @rogerstarkey5390 2 дня назад

      What some don't realise (at least it seems) is they're NOT voting for "DT".
      I STILL believe he will suffer the same fate as Joe Biden within a year (the Biden scenario gave P25 the perfect gameplan).
      If we're honest, he's well on the way already, their only problem is he's SO corrupt and out of touch even "the faithful" are seeing through the illusion.
      .
      They would now like nothing more than to have a plausible, controllable alternative in place, BUT they must fiddle the election first.

  • @zomplak
    @zomplak 2 дня назад

    all roads lead to inflation
    all vote fueling the acceleration
    the winner : corporate
    the looser : TAXPAYER

  • @etspiritus
    @etspiritus 2 дня назад

    ✊🏾✌🏾💚

  • @monkeyking-self-proclaimed7050
    @monkeyking-self-proclaimed7050 2 дня назад +3

    Had a dream that I was attending Mr. W's class. Woke up to see this. Explains why I had the dream.

  • @10MinuteMoan
    @10MinuteMoan День назад

    Whats a 'labor' or do you mean Labour??

  • @NancyRode-u9i
    @NancyRode-u9i 2 дня назад

    🙋🏽‍♀️🇺🇸professor Wolff↕️💙Harris Walz

  • @astralab-d1
    @astralab-d1 2 дня назад

    18:43

  • @astralab-d1
    @astralab-d1 2 дня назад

    16:57

  • @EvgenyUskov
    @EvgenyUskov День назад

    Please come back to RT!

  • @nmavrantzas
    @nmavrantzas 2 дня назад

    23:16 "A difficult topic".
    Why is it so difficult? It only took 5 minutes to cover it completely.

  • @krs24x
    @krs24x 2 дня назад

    First time i hear why Russia is retaliating

  • @ttvrevolversmoke9214
    @ttvrevolversmoke9214 2 дня назад +1

    😊

  • @JoseColomer-e9u
    @JoseColomer-e9u 2 дня назад

    🩵🩵🩵

  • @fredminsky4684
    @fredminsky4684 2 дня назад

    You must explain how democracy (MOB RULE) is just fine.republic is what we are 😮😮😮

    • @jgalt308
      @jgalt308 День назад +1

      "constitutional republic" and the only one in existence...

    • @fredminsky4684
      @fredminsky4684 День назад

      @jgalt308 correct thank you👍

    • @jgalt308
      @jgalt308 День назад

      @@fredminsky4684 😎✔

  • @ORRHART
    @ORRHART 2 дня назад

    Then what are the police spend the money? Heard also on joe rogan, regular cops are UNDER founded. Maybe spending on the right things?
    If you lack policing for too long_I think_ you would need to pull an el salvador style moves.

  • @yasseralsaidi1168
    @yasseralsaidi1168 2 дня назад

    Zero taxes for bill gates but do you know why this is ? He donated so much without announcements

  • @raphaelward1711
    @raphaelward1711 22 часа назад

    This wolf is so fake left

  • @jgalt308
    @jgalt308 День назад

    This week's lies of omission and their contribution to the general historical and economic ignorance
    of this divisive "echo chamber."
    As of October 21, 2024, Russia's annual inflation rate was 8.4%. The Bank of Russia expects inflation to remain between 8.0-8.5% by the end of the year.
    Here are some other inflation-related details for Russia:
    Inflation expectations
    Inflation expectations are high, with households and businesses reaching their highest levels since the beginning of the year.
    Interest rates
    The central bank raised Russia's benchmark interest rate to 21%, which is its highest in decades.
    Price growth
    Price growth is elevated for services (11.6%) and food goods (9.1%), but slightly softer for non-food goods (5.6%).
    Core inflation rate
    The core inflation rate is 8.3%.
    Economy
    Russia's economy is still growing, but at a slower pace than in the first half of 2024. This is due to increasing supply-side constraints, such as a decrease in labor resources and spare production capacity.
    Russia's economy is highly dependent on the price of oil. In January 2024, the price of Urals crude oil was around $62.4 per barrel.
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    When you don't know what inflation is or its source, while championing the Chinese miracle
    and BRICS as somehow being a serious challenge in a world of "fiat" to promote an economic fantasy
    which runs in direct contradiction to human nature and the history of civilization...and believing
    that "democracy" is a solution...one need only contemplate the following: "You can print money...
    but you can't print commodities."
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    The Boeing strike has been settled and the motivation was simple...the ultimate effect of inflation
    means that the end result of "unions" and "strikes" is that "production" can no longer compete
    and companies either go out of business or leave.
    The dock workers' strike and its postponement was a political intervention...and the pain will be
    felt by the "non-ruling" class, and like the "railroad strike" it will not be allowed to happen...for the same
    reason.
    As we harken back to the "professor's claim" that we have never had a crash and a pandemic at the same time,
    actual history tell us that we had a war, a real pandemic, a crash and a railroad strike at the same time.
    The "crash" in terms of unemployment effects was far worse than that of 1929, and other than
    ending the strike...the government did NOTHING and the "Roaring Twenties" began.
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    China and energy production with "Chinese characteristics"...renewable energy sources are not renewable energy sources,
    as they involve fossil fuels to produce, and they all have to be replaced...and to date there are no known
    "miracles" that reverse the effects of entropy, which is a fundamental law of the universe and objective reality.
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    On military and police activity in the U.S...since the end of WWII, the U.S. had borne the brunt of "military" expenditures
    for "the west" and well as "rebuilding their economies". Once again, cheap labor is also a critical component...so
    the ranking of China, India, and Russia as two three and four, is telling. ( in "fiat" world ) Since the complete
    destruction of the "constitutional republic" in 1939, and the socialist nonsense that inevitably destroyed
    capitalism...the Professor's "factoids" ( look it up ) and without context and irrelevant. P.S. as we are defunding the police
    and allowing even more criminals to enter one wonders what it might take for this reality to strike home
    for someone who resides in one of those cities but still has managed to avoid its effects.
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    Finally...Gaza: The extermination of Israel and its intent has been the primary focus of the "arab" world and
    Palestinians, in particular, since 1936. One must also note the destruction of the meaning of the term genocide
    and its variations while also noting that the "international definition" has devolved to that of simple "intent."
    While the various "factions" of this "intent" have shifted due to the failures that have resulted...the intent
    still remains and is now centered in Iran, whose genocidal intent is not limited to Israel...and one might refer to
    this being "with Jihadist characteristics." This moral posturing, while ignoring context, lack both consistency
    and relevance. After all, the "ethnic cleansing" of the Donbas by Ukraine, would also qualify as "genocide"
    as least for those who were objectively informed.

    • @vivalaleta
      @vivalaleta День назад +1

      PLEASE somebody like jgalt's comment..... anybody?

    • @jgalt308
      @jgalt308 День назад

      @@vivalaleta Still think "democracy" determines truth?
      “The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it” - John Kenneth Galbraith
      “In economics, the majority is always wrong” - John Kenneth Galbraith
      An intelligent or relevant response would seem to be a more reasonable expectation.
      Someday YOU might actually attempt one.

    • @vivalaleta
      @vivalaleta День назад +1

      @jgalt308 "In economics the majority is always wrong" What an egotistical, childish claim and you dare to post it. Have you verified it?

    • @jgalt308
      @jgalt308 День назад

      @@vivalaleta The source has been cited...and the "childishness" of the observation
      is not restricted to economics...so you are free to investigate it and produce an argument
      that supports your claim. You won't, of course, just like you won't respond
      to the content of the initial post or its challenge to the content of this video.
      Things will get easier when you learn to read.

  • @blobtv7444
    @blobtv7444 16 часов назад

    Do you support Bolshevism ?

  • @claytonmitropoulos
    @claytonmitropoulos 2 дня назад

    not his best

  • @SinclairPoppins
    @SinclairPoppins 2 дня назад +1

    I wish Gaza hadn’t engineered this horrible war.

    • @Truth_to_Powers
      @Truth_to_Powers 2 дня назад +12

      I wish they had just kept quiet about the apartheid and the abuse that they had been going through and the land theft for 75 years gosh, why did they speak up? Why did they start this this?

    • @hrwise89
      @hrwise89 2 дня назад +5

      The mental gymnastics... perfect 10.0 🎉🥇🎉

    • @SinclairPoppins
      @SinclairPoppins 2 дня назад

      @@Truth_to_Powers. The apartheid and the “land theft” is the result of their repeated refusals of peaceful deals, followed by violent and craven attacks.

    • @SinclairPoppins
      @SinclairPoppins 2 дня назад +1

      @@hrwise89 Yes I know, in your mind Israel attacked them in Oct 7…

    • @leroitiaks
      @leroitiaks 2 дня назад +10

      @@SinclairPoppins According to international law, the Palestinians had the right to do October 7th. You can not like it but facts are facts

  • @harbinger6562
    @harbinger6562 2 дня назад +2

    Be back Mr Wolfe❤️BRICS+🌍🦾😇👋

  • @huwpatt3817
    @huwpatt3817 2 дня назад

    Richard... please refredh yr understaning of the 7-10-23 incursion from Gaza. Youmna El Sayed explains the curious & unusual circumstances & effects to miriam francois in a dispassionate & professional way
    ruclips.net/video/PsJCyeUzMzI/видео.htmlsi=ZZwYHvL_kIGWh1kO

  • @StateOfPurgatory
    @StateOfPurgatory 2 дня назад

    Thanks!

  • @dgrGR61
    @dgrGR61 День назад

    Thanks!