Why Haven’t We Seen Hyperinflation?

күнү жарыяланды 2021-ж., 28-янв.
Көрүүлөр 971 215
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Coming straight from the Federal Reserve, we started this period with around 4 trillion US Dollars in the system. One year later, that number is at 6.7 trillion dollars. Meaning that over 40% of all US dollars were printed in just the last 12 months. And from the looks of it, no one seems to be in a rush to slow things down. And strangely enough, we haven’t seen much inflation for everyday goods like gas and food? Prices definitely haven’t gone up anywhere near 40%?. Where’s the inflation?
The reason why we haven’t seen inflation is because the amount of money being printed is only one of the factors that contributes to inflation
To get inflation, here’s everything you need:
1. Industrial Output: how much “stuff” an economy makes
2. Employment
Too much employment leads to employers fighting over workers, which leads to higher wages, which leads to higher prices
3. The Money Supply: the main topic of this video and probably the easiest to understand
More money when an economy is producing the same amount or less stuff equals higher prices
And 4. If money is exchanging hands, and if so, how fast is it exchanging hands, or the Velocity of Money
And in our case right now, the money supply has shot up a ridiculous amount, but the other factors have been keeping inflation down
Industrial Output: It’s been down from businesses not being able to operate, which means less stuff. But there’s also less demand from you and I to buy those things.
Employment has also definitely taken a hit. And with less employment comes lower wages, which means lower prices. Not inflation.
And the Velocity of Money. It’s pretty slow for everyone with all the uncertainty in the air. People don’t want to spend a lot of money right now if they don’t know if they’re gonna be able to find a job or keep their job
But you know what they are gonna spend it on? The things that only go up! Like Tesla stock, every other stock, real estate, and Bitcoin!
But instead of calling it inflation, we call it the stock market rally, the real estate boom, crypto’s time to shine or the great crypto bubble depending on who you ask.
Should the money printer keep going brr? Can the money printer keep going brrr?
-----------------------
Philanthrope, Leavv - What Was Before chll.to/7764bee5
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Jake Tran
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  • Jake Tran

    Jake Tran

    Ай мурун

    Get your first seven days right now for just ONE dollar. Go to ➡️ http://trends.co/jaketran​ for your $1 seven-day trial! 🔥

    • Anonymous

      Anonymous

      14 саат мурун

      einstein you forgot the trade embargos on Zimbabwe, farming isn't hard to learn

    • Andrew Lamont

      Andrew Lamont

      Күн мурун

      @Jake Tran This video totally misses the point. The government doesn't spend the money on nothing, it spends it on jobs, hardship benefits, infrastructure, hospitals, schools all of which have a much larger benefit over the long term. Prices might rise for a few years, boo hoo, but on the bright side your entire economy didn't collapse. This pandemic was the opportunity for governments to upgrade public infrastructure to keep the economy going while the private sector has been suffering. I am so glad that I am from New Zealand, where we have a competent government which is democratically representative and where we disdain politicians who are as abhorrent as the one you voted into the last term. Here in New Zealand our government is spending their extra money on upgrading our entirely country, solving a housing shortage and addressing climate change. We defeated Covid in May with a lockdown and our economy has barely even taken a hit because of our success in totally eliminating it for almost a year. This video is entirely based on a straw man argument. A misunderstanding of the point of government spending, you never once mention where that spending goes or what it does to put money in peoples pockets so the economy continues to function. This video is just another part of the American paranoia of their own government (an institution which is suppose to be for the public good), a paranoia which is mostly based on false slander from the right wing and is ultimately self fulfilling.

    • m3abdi

      m3abdi

      4 күн мурун

      @TheCripOf WallStreet black farmers ?? Nothing about the ppl taking all the wealth out the nation n fleeing to Australia and Canada. alt right talking points.

    • MoJo

      MoJo

      4 күн мурун

      Only in the US

    • Charlie and the STONKS

      Charlie and the STONKS

      9 күн мурун

      00p0]

  • Octavian Vasilescu

    Octavian Vasilescu

    Саат мурун

    This could mean that, if you have money in stocks, you might see huge gains on paper that will actually mean that you are conserving your value. If shares stay at the same value but there are more dollars, the price of these assets in dollars will rise. So basically if you hold cash you are screwed but if you have real estate or stocks or other assets you will be fine. I guess I am screwed...

  • Toma Kavonius

    Toma Kavonius

    Саат мурун

    I used to listen to Peter Schiff from 2005 onwards. He has been warning about an imminent hyperinflation over 15 years now. I read his book Crash proof, which came out in 2007 and it made a lot of sense, until I found out how money actually is created (Money creation in modern economy by Bank of England). Since most of the money supply is created by banks when they give out loans, Schiff's take on it is wrong. I found out that Prof. Steve Keen understands the debt aspect of money much better and he has actual empiric evidence of its effects on economy.

  • lombardo141

    lombardo141

    2 саат мурун

    Anytime I hear the Congress say we are spending too much money I should show them this. 😂. No excuses

  • Ryan

    Ryan

    2 саат мурун

    In the immortal words of Admiral Ackbar "it's a trap!"

  • Jason Harmon

    Jason Harmon

    3 саат мурун

    The squeamish linda comprehensively harm because skirt latterly beg vice a unusual lemonade. terrific, perfect scissors

  • Chris Ledger

    Chris Ledger

    3 саат мурун

    This would never happen in America because we aren't dependant on foreign goods. We will always have bread, milk and meat up until we become divided. We have oranges polar bears and alligators and rainforests and deserts and plains and mountains snow deserts. We will never fail unless we devide against each other.

  • ocelot.

    ocelot.

    3 саат мурун

    Anyone find it concerning now with covid and stimulus money, how we reward people who don’t save with stimulus money, while f—king people who are responsible and saved money pre covid?

  • Abhilash Dixit

    Abhilash Dixit

    4 саат мурун

    Aren't central banks (who print money) independent from the government

  • Douglas Rowland

    Douglas Rowland

    4 саат мурун

    Because they are CONTROLLING THE NARRATIVE !

  • Vassil Topouzanov

    Vassil Topouzanov

    4 саат мурун

    although i disagree with schifty on crypto, he is absolutely right in his criticism of modern monetary lala land. Economy should be based on sound money, backed by austrian economics and, i don't know, correlation between sound money and prosperity throughout history. We've been blinded by the education system and the fact that our reality is knowing only this poison pill of spending.........

  • Will Swanson

    Will Swanson

    5 саат мурун

    Another counter argument is how production is measured. How services are measured, sure we have less people working but increasing production level due to efficiencies with tech and production.

  • Colby Hill

    Colby Hill

    6 саат мурун

    Answer: the pandemic is basically a dam thats holding the inflation rn.

  • Hjuryfhuk Hjugdstjj

    Hjuryfhuk Hjugdstjj

    8 саат мурун

    I JUST PAID $7.00 FOR A WATERMELON

  • Nikita Mysakov

    Nikita Mysakov

    8 саат мурун

    BRRRRRRRT

  • Andy z

    Andy z

    11 саат мурун

    What is left out of this video is the role of DEBT.
    The US is a debt based economy with extremely high amount of debt in the system- credit cards, corporate debt, car loans, housing, student debt, etc.
    In our debt based economy, the money that enters the system must outpace the amount of debt created. That is not happening. In fact the opposite is happening. ***Dollars get destroyed (deflation) when debt is payed down. The amount of dollars entering the system would have to be magnitudes larger than the debt serviced in order for inflation to even begin.
    That is why we don't see hyperinflation or inflation.

  • Chemist2013

    Chemist2013

    11 саат мурун

    USD is the strongest weapon of US so don’t worry they will do everything to keep it out of inflation, otherwise it’s similar of a massive disarmament and golden path for Chinese supremacy.

  • Mattheus de koning

    Mattheus de koning

    11 саат мурун

    Will this inflation also hit other countries, or mostly the US?

  • Thomas

    Thomas

    13 саат мурун

    Can’t have hyperinflation when you just ‘won’ a controversial election, that would look bad. Don’t worry, it’s coming, just not right now.

  • Pyrrhic

    Pyrrhic

    13 саат мурун

    A big reason why the Fed keeps expanding money supply is because of their retarded dual mandate. Their mandate of price stablity and full employment. Both contradictory and honestly, monetary policy doesn't impact jobs. It manipulates asset prices. So Congress needs to scrap that full employment mandate. But that would never happen, Congress (who is in charge of fiscal policy) should be the one task to support full employment.

  • Maykel Sach

    Maykel Sach

    13 саат мурун

    So america is controlling people by just printing money that's why only american corps are getting richer than even than a whole country while every other country is with a slow economy. Soon other countries will retaliate and fuck the sanctions like Russia and china are not being happy about it usa controlling or trying to say who does something or what other country is allowed to do WWIII IS AROUND THE CORNER.

  • Flynn

    Flynn

    14 саат мурун

    Although this video is just an ad it has made me very much afraid of the near future

  • Ho Lee Fuk

    Ho Lee Fuk

    14 саат мурун

    20:40 wait if you're saying that everybody is gonna consume goods and services without producing anything where would the goods and services come from? The majority of Americans are still productive and helping to produce goods. I'm going to have to agree with MMT economists the gist of the Austrian School's argument is just "Gubment gon point gunz at me."

  • Elly Harder

    Elly Harder

    15 саат мурун

    Quantitative easing might be going on. The economy was kind of crashing because of COVID and so much money was injected just to increase spending and businesses needed that money since there was no spending happening so prices were kept low to incentivize purchases.

  • Damaged Provider Module

    Damaged Provider Module

    16 саат мурун

    They could give each American enough to get through the pandemic, but then people would realize that money is worthless.
    It's not any worse than allowing banks to create money via debt. Fractional reserve banking is just as fd up as anything else.

  • Nadim Fetaih

    Nadim Fetaih

    19 саат мурун

    Yeah, you don't understand the current economic climate at all.
    Money isn't being "printed". This is the common narrative used by right wing pundits in the hoped to stop helping people who have been most hit by the pandemic/lockdown (I.e. the poor). This money you're talking about isn't going to people - this is why there's no inflation.
    Starting during the great recession, a failed economic theory originating from Japan was implemented in most of the developed world - Quantitative Easing. Tens of trillions have been created and pushed through QE around the world since, never achieving the goal of 2% inflation in the US in 13 years. The reason is because they are buying junk stock from Banks and Corporate Bonds - who then, in turn, hoard the cash or push dividents/buybacks. This is a very well reported reaction.
    The reason inflation isn't happening is because the money has stayed with banks, the ultra rich, and corporations who have made historic profits off the misery of others. Inflation requires that the money "printed" is in circulation which has NOT happened.
    This narrative you're pushing is often used as a way to demonize those in need for requesting help during a global pandemic because they aren't privileged enough to have a job that can be done at home.
    This is an illegitimate argument.
    If you don't know economics, if you're not digging into the weeds of economic policy. Then don't say anything. You're part of the problem.

  • The Scrambler

    The Scrambler

    20 саат мурун

    INVEST IN SPIFFCOIN

  • Bob Man

    Bob Man

    20 саат мурун

    Didnt they print 2 trillion for the bank bail out

  • Álvaro Moroño

    Álvaro Moroño

    21 саат мурун

    The explanation on why we haven't seen inflation yet is much simpler in my opinion. Money (fiat currency i.e. USD) has not lost value (USD losing value = inflation) because the demand for it has and is rising. The Fed can sort of see this and so they continue printing. And potentially, this may never cause inflation if the equilibrium I will explain below is maintained.
    The question then is, why do normal people, investors, etc... demand money in such a huge way (that allows the Fed to make the printer go BRRRRR)?
    Well, fiat currency is a government-backed asset, just like the usual debt they emit, that in most developed economies is currently under negative interest rates (which means that these government-backed assets are hugely valued and demanded). In other words, government-backed assets are hugely valued, being money a type of these assets it naturally is hugely valued.
    But why are government-backed assets so demanded? There are two combined reasons for this. First, is that profits in the private sector are shit. Through regulations, taxes and government intervention in general markets have become more inefficient. Second, capital sees no investment opportunities and decides to hibernate. What assets are the most secure out there? Government-backed ones. This shouldn't come as a surprise. If a business does bad, it becomes broke. If the State does bad, it taxes people. THIS IS WHERE THE POWER OF THE STATE COMES FROM. Of course this only works in rich countries in which there is wealth for the government to steal in the first place. A dynamic economy is needed to drain resources from it.
    If you are still reading you probably don't see the link between taxes, and backing the value of the dollar. The thing is to think of fiat currency as usual debt. Let's imaging that people read this and start selling their USD for BTC or whatever. Demand decreases, the offer remains equal, value drops. What does the central bank (the Fed) do? They buy USD (taking it out of the market, hence reducing the offer of USD)(low demand, low offer = stable price). And how do they buy money? Have in mind, the Fed prints money and uses it to buy government debt, buy gold, and a few other assets. This is more or less the Fed's balance sheet. So if they bought this stuff (more technically their assets) by issuing currency (liability), if they want to buy dollars, they sell their assets. That's the connection, by selling government debt, two things can happen: the fed sells it in the market (you don't really want to do it) or government pays it straight away. Since the government cannot print an inflationary currency, nor issue more debt, the only way to maintain the value of fiat currency is through taxation.
    Here is where it gets interesting. Why doesn't Venezuela do this, and the US does? As I said before, you need a wealth-creating economy to be able to tax it. Investors buy US debt because they are aware that the US will be able to pay it. Which is equivalent to saying "Investors buy US debt because they are aware that the US citizens will pay it through taxes". There is no free lunch here. What holds the system together is the fact that the State has the ability to rob people to pay the debt back. And this could go on forever as long as the US (or any other solvent State) makes sure that their debt is not higher than their ability to rob people (tax).
    Final reflections. There is only one question left. Why does the government use fiat currency in this system, instead of issuing usual debt and let investors figure out that can pay it through taxing people? This will blow up your mind. The usual federal reserve banknote (cash) is a liability as we said before. And if it is a liability for the Fed, by definition, it has to be an asset for someone else. More specifically, its users. You and I. Now think about the example in the paragraphs above. For the government, debt is a liability, but for the fed, it is an asset. By buying US debt, the Fed is financing the US government. Now back to cash, by holding USD as an asset (as the fed holds US debt) YOU ARE FINANCING THE FED (as the Fed finances the US government). Returning to our question, why does the State use fiat instead of usual debt to finance its spending? TO MAKE THE POPULATION FINANCE IT WITHOUT THEM REALISING. That's the trick. Getting millions to finance you in the shadow. What a perfect depiction of the true and sick nature of the State.
    The king is now naked. Welcome to your world.

  • ecrean99

    ecrean99

    21 саат мурун

    Because your 40% figure is wrong because of the numbers you used..... Did you count physical dollars, plus electronic dollars, plus all outstanding US Treasury bonds because those are dollars as well?.... I think it's more like 10% and I think the FED RES is being pretty calculated in exactly how much they're printing at a time. Ben was very good at printing just enough to counter the deflation without causing inflation... I think the FED this time is erroring on the side of inflation but still being reasonable about how much it's printing. The other factor is the DEBT level, and how slow the speed of money is in the economy because of the low wages the average worker gets compared to total GDP and CEO pay....

  • andy simpson

    andy simpson

    22 саат мурун

    yet !

  • decoder55killer

    decoder55killer

    23 саат мурун

    Cause we are in an economic crisis in which the spending of people is not increasing in an absolute manner. Yes, they are spending money from the economic stimulus, but they are not spending the same money they were spending before in other things, and from other sources of income. That’s the quick answer, there are much more variables but no need for a 20+ minute video....

  • Amnesia

    Amnesia

    Күн мурун

    saying "goes brrr" sounds like you're some fucking child

  • BigChiefWiggles V

    BigChiefWiggles V

    Күн мурун

    The gold standard is one of the possible ways to tie currency to something, its not the only way. The problem happens when the currency is not tied to anything at all, thats when they can create it without restriction because there is no mechanism of restriction in place.

  • thomas aquinas

    thomas aquinas

    Күн мурун

    Always remember that there are people in control and they don't necessarily want money to lose meaning. Without value to our money, there isn't much power. So, thank heavens for the rest of us, controls are put into place, allowances are made, and we keep the system patched together. Whether this will work forever is another matter. We as a people learned much from the Great Depression and the other events in history, but you can only compensate a certain amount for a certain time scale. What happens thereafter is totally unknown. In ancient times, the map of the unknown would simply state: here be dragons...

  • A Gamer

    A Gamer

    Күн мурун

    When we got the printed money, we funneled it, mostly to amazon and other big companies, inflation didn't happen as it didn't go to the people.

  • Adam Bright

    Adam Bright

    Күн мурун

    You had Robert Murphy on! Nice! Anyone that appears on MisesMedia has a great insight into economics.

  • Adam Bright

    Adam Bright

    Күн мурун

    For some companies, I actually buy stocks to help them become successful because I believe in their goals. Like Crispr, for instance. I want to know if this is a bad idea.

  • Noobii420

    Noobii420

    Күн мурун

    You should check your facts. 0:17

  • Nigeleht

    Nigeleht

    Күн мурун

    Trends is trash

  • Android Gamers

    Android Gamers

    Күн мурун

    buy my gold buy my gold buy my gold buy my gold buy my gold buy my gold buy my gold buy my gold buy my gold buy my gold buy my gold buy my gold 😂😂😂😂😂😂😂😂😂

  • ezrhino100

    ezrhino100

    Күн мурун

    Hyperinflation is happening now. Job losses and increased utilities due to 'virus'.

  • AdrianCastilloAl

    AdrianCastilloAl

    Күн мурун

    That's why we need an independent fed, one where the government can't intervene. Let's also bring back child labor and chattel slavery while we're at it.

  • Amol Ghuge

    Amol Ghuge

    Күн мурун

    Who are the 4th and 5th person behind Jake next to Jordan Peterson, Robert Greene and Elon Musk ?

  • Leonard V

    Leonard V

    Күн мурун

    seems like there's no way out; we ultimately rely on currency

  • Chris itsmeyay

    Chris itsmeyay

    Күн мурун

    20:10 A large part a good’s value is the human labor that went into making it. But this is becoming less true every day. New technology reduces or eliminates human labor needed for a good. When labor isn’t a factor, it divorces work from value. Over time the work portion of a good’s value becomes smaller. The only cost will be the scarcity of the materials the good is made of, and energy to make it. Energy (and value) need not come from human labor.

  • thuzan117

    thuzan117

    Күн мурун

    don't banks also create currency via the fractional reserve system? so the government doesn't have a monopoly.

  • debendra gurung

    debendra gurung

    Күн мурун

    wait for it, it is amost there.

  • Andrew Lamont

    Andrew Lamont

    Күн мурун

    @Jake Tran This video totally misses the point. The government doesn't spend the money on nothing, it spends it on jobs, hardship benefits, infrastructure, hospitals, schools all of which have a much larger benefit over the long term. Prices might rise for a few years, boo hoo, but on the bright side your entire economy didn't collapse. This pandemic was the opportunity for governments to upgrade public infrastructure to keep the economy going while the private sector has been suffering. I am so glad that I am from New Zealand, where we have a competent government which is democratically representative and where we disdain politicians who are as abhorrent as the one you voted into the last term. Here in New Zealand our government is spending their extra money on upgrading our entirely country, solving a housing shortage and addressing climate change. We defeated Covid in May with a lockdown and our economy has barely even taken a hit because of our success in totally eliminating it for almost a year.
    This video is entirely based on a straw man argument. A misunderstanding of the point of government spending, you never once mention where that spending goes or what it does to put money in peoples pockets so the economy continues to function. This video is just another part of the American paranoia of their own government (an institution which is suppose to be for the public good), a paranoia which is mostly based on false slander from the right wing and is ultimately self fulfilling.
    The deficiencies the American people see in their government are nothing more than the embodiment of the deficiencies present in the American people.

  • Fanatik4Ever

    Fanatik4Ever

    Күн мурун

    So basically, when the pandemic is over and economy opens, shit is going to go down HARD.

  • Rhyno Souris

    Rhyno Souris

    Күн мурун

    When you see the billion mark notes, be aware that it's long scale. It has 12 zeros, not the US usage of 9 zeros

  • Ken Zedro

    Ken Zedro

    Күн мурун

    Some of our dollars say on the back "made in China".

  • James America

    James America

    Күн мурун

    A decrease in production is the worry. Unemployment and no one producing products but ppl still spending money on goods. But we have Amazon. So we’re safe. 🤣

  • Gam Iyed

    Gam Iyed

    Күн мурун

    Soo basically fisher equation?

  • The Droopytown Network

    The Droopytown Network

    Күн мурун

    Maybe for essential and most popular goods there hasn't been enough demand to drive up prices, but we have already seen this in hobbyist goods likes computer parts and gaming consoles this year. There isn't enough production in these areas and too much money concentrated in the hands of the few that have created this demand/supply imbalance. There's your inflation at work.

  • Jason Schmoller

    Jason Schmoller

    Күн мурун

    The reason we didn't have hyperinflation is because the U.S. exports its inflation and puts it in financial instruments to act as sinkholes. The dollar is the world reserve currency so there's trillions in saudi arabia, china, india, etc in reserve like we used to with gold or the pound sterling. Since the new money is made and given as handouts to us security holders the money just gets put back into buying other securities which pay out over very long periods of time slowly leaking into consumer prices or the money gets put in a bank driving the supply of credit up lowering interest rates when the amount of real resources hasn't changed. Then everyone races to get to use the savings first until the government stops the game of musical chairs every 7 to 10 years.

    • Jason Schmoller

      Jason Schmoller

      Күн мурун

      And/or because the federal reserve enforces regulations against making new loans like Ben Bernanke did.

  • Rasmus Syrjälä

    Rasmus Syrjälä

    Күн мурун

    "the money doesn't just come from thin air" well, it seems it literally does.

    • Douglas Rowland

      Douglas Rowland

      4 саат мурун

      THAT is a delusion....we will pay one day..(and that's a rhyme you can TAKE TO THE BANK !!!!)

  • theedwardian

    theedwardian

    Күн мурун

    We're getting inflation.
    You can print as much money as you want and artificially manipulate markets as much as you want. But resources are still SCARCE and infinite money cannot change scarcity.

  • Vin One

    Vin One

    Күн мурун

    The stock market and the real estate business in USA is now a total scam.

  • Stalin

    Stalin

    Күн мурун

    Money is not real. It's some shit dumbasses made up. Y'all act like any of this matters.
    Will your bank account balance make you feel any better when we have no food and no resources due to climate catastrophe?
    Morons.

  • John Kay

    John Kay

    Күн мурун

    0:35 Treaty of Versighs. Ha

  • Jonas Vestergård

    Jonas Vestergård

    Күн мурун

    This video is so incredibly misinformed... Quantitative easing aka "printing money", doesn't mean the central bank is literally throwing dollars into the air for people to grab. It's an asset swap. Which means they take one type of asset (money) and trade it with another (usually long term government bonds). That means that no REAL value is actually introduced into the economy to force infaltion. It just means there is going to be relatively more money assets, and relatively less bonds.
    That means BONDS rise in prices, which will lower the return per invested dollar, which in turn (in theory) can help boost spending. At this point people shouldn't worry about inflation or hyperinflation for that matter, people should actually worry about deflation, which is a very real threat given the current economic climate.
    Inflation and hyperinflation happens when the government prints money and GIVE it away. This is not what they're doing. They're printing money, to buy up other assets. It's completely different, with a completely different outcome.
    Don't base your investments on this youtube smuck.. He's got no clue... jesus...

  • Gustavs Maskavs

    Gustavs Maskavs

    Күн мурун

    The weimar republic was formed 9 days before the war ended and had nothing to do with it, your history is absolutely horrendous.

  • Sicarrio H

    Sicarrio H

    Күн мурун

    💰 You don't need money to survive the Earth gives you everything for FREE. This whole money thing is a scam. Animals do not pay for food, water, and land. The problem is GREED.

  • Wills Lls

    Wills Lls

    2 күн мурун

    Wait two years and see what happens.

  • George Vieira

    George Vieira

    2 күн мурун

    One thing that isn't taken into account is his argument is productivity as oppposed to just being in the system (as a worker). Inflation is an issue, but the world is a much different place than it was 50 years ago. A farmer can produce several orderes of magnatude more than they could back then.

  • OWL

    OWL

    2 күн мурун

    Before Biden gasoline was $2.20. One month after Biden gas is $3.05. Biden was installed by the oligarchy.

    • Mr. Thanos

      Mr. Thanos

      Күн мурун

      you are a dumbass. holy shit.

  • Dan Ditto

    Dan Ditto

    2 күн мурун

    Weimar Republic-Socialist Party
    Hungary-Communist Government after war
    Venzuela- Socialismo
    Zimbabwe- communists seized power from Rhodesian government
    USA-January 6th self-proclaimed socialists seize power through the media
    Seeing a pattern yet.

  • Gillaume Pouquette

    Gillaume Pouquette

    2 күн мурун

    Did some of these governments think of using scientific notation on the national currency?

  • bladextr vm

    bladextr vm

    2 күн мурун

    wont that cause a domino effect all over the world

  • bladextr vm

    bladextr vm

    2 күн мурун

    if they raise the minimum wage they are going to blame that for inflation i see it now

  • Sylveser Lazarus

    Sylveser Lazarus

    2 күн мурун

    I'm from Hungary. We had a pictures in our history textbook, one of a bucket of money that they used to buy 4 potatoes and one another where they sweeped piles of Pengő bills from the street.
    Nowdays 1 usd in 300 Hungarian Forints and it still sounds confusing many times. It's insanity to think about what happened before.

  • David Pallante

    David Pallante

    2 күн мурун

    We get it....Inflation was unbelievably high. No need to spend half the video going over the numbers.

  • V P

    V P

    2 күн мурун

    Because Trump did not allow it, he is reborn Jesus.

  • David OMalley

    David OMalley

    2 күн мурун

    Whatever, just give me my $1400!

  • alundrachile

    alundrachile

    2 күн мурун

    Great job. I was able to trim my toenails on both feet during your presentation without even reaching for the mouse.

  • Paul Kent

    Paul Kent

    2 күн мурун

    We will not experience hyperinflation, because our economy is run by the banks. Trump wasn't as obedient as the banker liked, so he was replaced with a more reliable servant. Because hyperinflation would instantly wipe out everybody's debt, the bankers will not allow inflation to rise too much too quickly. If you really believe hyperinflation is likely in the near future, buy a new car and max out your credit cards!

  • Angel-O

    Angel-O

    2 күн мурун

    24:48
    I know the 1st 3 guys in the pictures. Awesome guys!!
    Can someone tell me who the other 2 on the right are?
    Thanks!

  • Kyodus

    Kyodus

    2 күн мурун

    That’s why I have Bitcoin but China has the majority of cryptocurrency and the government owns it and that’s making it centralised.

    • hugh mungus

      hugh mungus

      Күн мурун

      yeah and I would not be at all surprised if the US government bans a particular crypto or exchange because its got 'ties to the chinese government'

  • Dan Blair

    Dan Blair

    2 күн мурун

    Bad politicians and like cancers.

  • Maurice Rose

    Maurice Rose

    2 күн мурун

    ...without something tangible...like Gold...to back up Dollar Receipts...is the US Economy a Counterfeit Economy with a fake currency...how can Americans be materialists when the US Dollar isn't even supported by a material object like Gold...can't have materialism without matter...America becomes a Paper Tiger when their currency isn't worth the paper it's printed on...

  • David Sutherland

    David Sutherland

    2 күн мурун

    Starts to answer title question at 8:28

  • Gregg Leslie

    Gregg Leslie

    2 күн мурун

    The problem in Venezuela is US and European sanctions. The government, since Chavez was first elected, had drastically reduced poverty. Leave it to the west to screw that up.

  • hangukhiphop

    hangukhiphop

    2 күн мурун

    Peter Schiff is incapable of not strawmanning.

  • Andrea Passaglia

    Andrea Passaglia

    2 күн мурун

    tl;dr buy crypto. i suggest NANO

  • diluteduk

    diluteduk

    2 күн мурун

    Try trends for one week. This week it's $1, tomorrow it might be $2 due to hyperinflation

  • Pedro Zurita

    Pedro Zurita

    2 күн мурун

    Don't worry.... minimum wage will go up, our tax contribution will also go up and our debt should go down faster. See...it all works out.

  • Ar 234

    Ar 234

    2 күн мурун

    Germany was the German Empire in WW1. It became the Weimar Republic because it lost.

  • Masked Marz

    Masked Marz

    2 күн мурун

    GOLD SILVER CRYPTO

  • Trippington Productions & Co.

    Trippington Productions & Co.

    2 күн мурун

    Buy gme

  • Dee'sNutz

    Dee'sNutz

    2 күн мурун

    HAHAHAHAHA.... Yeah, you missed the mark. Nice fear mongering though.

  • Mark Marco

    Mark Marco

    2 күн мурун

    Hate to be a white person in Zimbabwe and South Africa. You see the train wreck coming, Your stuff gets stolen from you by the government because of the color of your skin, and you are still called a racist because you are white, you have nothing to protect yourself against the government and crime, you are outnumbered. Your only option is to uproot your entire family for another country like Russia. And when they took your farm away but didn't know how to farm it so prices of food skyrocket, they still blame you.

  • diggin deepforlove

    diggin deepforlove

    2 күн мурун

    Printing money doesn't mean it has value but in our minds is does cuz it's what we use. The people who print the money know it doesn't. We have been bamboozled.

  • TN6565

    TN6565

    2 күн мурун

    Firearms will hold their value.

  • Tony Igwe

    Tony Igwe

    2 күн мурун

    The money has been going to the rich who don't need to spend a dime more. They just buy more assets with it and that's why we have a run up in asset prices and barely any consumer goods inflation.

  • M. L.

    M. L.

    2 күн мурун

    I want 15$ min wage I could do good with that money...😔 but I also know it’s a death trap.

    • M. L.

      M. L.

      2 күн мурун

      @1893 Benz Victoria we can talk all day about what’s happening in America...me a small part of it is that we have let big business take over America. These companies are starting to pull out of America/prioritize overseas business or they are going out of business. Today Macy’s made the news again, 125 stores closing. Last week the Office Depot in my town closed down. The point is, if all of these companies are no longer investing in America and they disappear what is going to take their place? Nobody because small business can’t make it anymore unless you’re in a big city. Go to any small town and you will find that the shops and stores have been around for decades, go to a big city and it’s like musical chairs who will fail next?

    • 1893 Benz Victoria

      1893 Benz Victoria

      2 күн мурун

      Investment into things like the minumum wage and things like that are a much better idea than these people are letting on. When European countries were on the verge of collapse after WW2 they invested in social policy like the minimum wage, healthcare and the nationalising of major industry despite their debts.This led to them actually being able to pay their debts in the long run as these investments helped the country out greatly. The issue in our society is not the fact money is printed but the fact the money printed is being funneled into the private industry who extracts the wealth rather than investing in the people who create the wealth.

  • poot ttop

    poot ttop

    2 күн мурун

    The fed prints money in the US but isn't part of the government, despite how many times you said

  • iraj yaghooti fam

    iraj yaghooti fam

    2 күн мурун

    To day in sydney meat price jumped to $ 50 .00per kg, if you don't call this one hyperinflation ,what is this then . Do not forget ,just ,just ,this is only a start . Prepare for more treble or quad ruple price hike .

  • poot ttop

    poot ttop

    2 күн мурун

    Whatever is happening it will be the prologue to the movie they make about what comes next.

  • Ty

    Ty

    2 күн мурун

    So what ur saying is the government knew if they didn't shut down the economy we would have already seen hyperinflation. Since they keep shutting things down it off sets the effect of the new minted money. Once the economy opens back up we will see hyperinflation, Jobs will increase and so will demand for goods along side Production growth, but we can't reverse the new money that's been printed. It's a ticking time bomb.