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@Jason Ruggles You have no idea what causes inflation.
This is honest bullshit we havent needed to worry about inflation since we moved from the gold standard. we needed more money to stimulate the economy its like a lake and money is water. if water doesn't flow the lake dies, than the fish of the lake. before we had this pandemic over half of america lived pay check to pay check. than we got a measly 3400 when most were out of work for 6 months that doesnt cover 3 months of rent in most states. hence why the rich are using their extra money they stole from under payed and not paid workers to fly to space. How about Jeff and the 2 other Billionaires carpool to space and donate the rest, never. Tax Jeff Bezos 50% and we wouldnt need to worry about the economy ever again. and thats not even mentioning the other companies that pay zero by tax loop holes. Like walmart gets tax breaks for keeping employees on foodstamps by underpaying them than gets tax breaks because employees spend it there, dont forget we are footing the bill on all of that and, Remember the greatest boom we had in the economy was during the golden age of economics when the lowest tax rate on anything over 1.5 million a year was taxed about 45%
@Anthonyq Colosimo I don't really think anyone really knows the answer to that. We live in unprecedented times.
What do you think will happen? Will inflation push the Fed to raise rates within the next 2 years, Or will the Fed keep rates low for a longer period of time?
@Chris L Taxing the wealthy never works. They just pass the cost on to you and I by raising the prices of their goods and services or lobby for a tax loophole or outsource. There are a thousand things they can do to avoid taxes.
THIS MEANS AMC AND GME MOASS IS CONFIRMED AMC TO 500K GME TO 1 MILLION DOLLARS PER SHARE
This video is a quick explanation for the basic reasoning behind why some economists are fearing the stimulus was a bad idea. But it doesn't account for other factors like widening income inequality increasing the velocity of the stimulus checks in particular. It also fails to account for the fact that the Fed didn't just print money when it "made more money", it also did some complex loan trickery with other assets it had to provide short term cash injections that are essentially loans. Rememeber that economic models are infinite rabbit holes, kids! Nothing in money is as straightforward as people make it sound.
Dismantle the fed
This video kind of paints the picture that giving out stimulus was a bad idea, but you know, almost all of that stimulus just went to corporate bailouts and loans, right? It just caused yet another upward transfer of wealth. The problem is the approach of trying to indirectly stimulate the economy with trickle down nonsense. We already know Reaganomics doesn't work. If 100% of the stimulus had gone to cash payouts to regular Americans, we'd be living in a total boom economy. There's nothing that the rich love more than a depression, since they're the only ones who can weather it, and it makes the poors way more reluctant to go on strike 🙄
People who know how to teach can convey complex ideas in a simple fashion that is memorable. People who know a huge amount about one subject only know how to talk too much.
I just don't know if people realize how bad this is. We could see some real weird, first time in history level events here in the next 12 months.
So, what's the difference between a Ponzi Scheme, Fiat, Casino and Funny Money?
Still don't understand reverse repo.
And then when it all goes bad, suddenly the problems will be blamed on "Capitalism" and that pesky "Unregulated Market". Just like the housing crisis of '08. How quickly people forget....or in most cases, never learn.
The solution is everyone needs to with draw $1400 + $600 and throw it in the ocean. I’ll get it with my crab boat and put it somewhere for safe keeping.
No hate, but your accent is different from just Australian. You stretch every last vowel of a sentence, which is so notable.
Other accents: probably Yours: probablyyyyy (hehe)
We'll get through this, as we always do... But it will be the hard working, nut-sack having, "fearless" REAL PEOPLE who keep doing the same thing they have always done that will pull our economy and world through these p*$$y-face mask-wearing sorry arses dream of a nightmare.
the majority of people don't have piles of cash to hoard. This is driven by banks, hedge funds, and corporations. The "people" are going to get the short end of this stick. It does annoy me that this fact is almost ALWAYS never mentioned..
5:05 TO THE MOON!
Only a tiny amount of the CARES Scam was spent to "fight the CoV and its fallout". It was really about 95% pork that has already done more harm than good to the fabric of society by over-funding groups like BlackRock Amazon and Walmart; the people orchestrating our ruination.
Boom goes the economy.
People are sitting on their piles of cash. How many Americans do you know that are sitting on piles of cash? How come nearly 1 in 6 Americans are facing eviction if they have all these piles of cash?
This whole video was just pushing the blame off the hoarding of billionaires onto the poor who try to save their money
QE stops working when you don't turn it off and raise interest rates.
The whole system is totally corrupt and it was designed that way!!!
Just print money until it all falls apart because inflation makes assets worth more without raising tax liability; bad for people without assets. This is the problem with fiat currency and what JFK wanted to prevent, and ever since what's on JFK's mind became avavilable for all to see, no one else has wanted to face tackle bullets to fight against the fiat.
So, exactly WHEN are we actually going to get our $2,000.00 “Stimulus” checks? It is OUR tax money, which WE need and can manage to pay our bills better than our government!
What happens if it increases 50% over say 24 hrs?
Luckily a depression in this country is still way nicer than most places in the world. We got fat poor people! Beat that.
I appreciate these videos because I can put them on and pretend I'm getting my tuition worth out of my econ degree by nodding and going "Yep, that's right. Yep, that's right..."
I dont think any economist is concerned, all of them are liberals i.e. communists. they most likely planned and ensured collapse.
This is honest bullshit we havent needed to worry about inflation since we moved from the gold standard. we needed more money to stimulate the economy its like a lake and money is water. if water doesn't flow the lake dies that the fish of the lake. hence why the rich are using their extra money they stole from under payed and not paid workers to fly to space. Tax Jeff Bezos 50% and we wouldnt need to worry about the economy ever again. and thats not even mentioning the other companies that pay zero by tax loop holes. Remember the greatest boom we had in the economy was during the golden age of economics when the lowest tax rate on anything over 1.5 million a year was taxed about 45%
It’s not that not a lot of Australians say crikey, it’s just that not a lot of Australians are truly as Australian as Steve Irwin deep down
its doesnt matter how much money we spend! If we can save one more life! Do you care more about the economy than human life?!? /s
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uzfire.info/camera/video/lpuuZ4tisr-Tq60 theres no future
How to speak like an aussie: take any word ending with an r and replace it with a y. Biker -> bikey, poker -> pokey, etc.
The Fed doesn't print the cash it Issues it. The Department of the Treasury Prints it. Also, The Federal Reserve is neither Federal nor a Reserve. When are you Aussies going to learn that?
I don't think we're going to be Israel's golem for very long.
Literally any skill including assuie
Things are worse than this video implies. There's an economics term known as "life-years", and the economic cost of the quarantine can be calculated to estimate how much human life has been reduced. Spoiler it's more than the actual viral deaths by a landslide.
me: wow, this video increased my anxiety about the current state of US economics and my ability to create any financial security for myself after I graduate college next spring also me: *presses the like button*
So people sitting on money is bad and people spending their money is bad. We're Fooooked
Oh they aren't fighting the economic fallout from covid. This is their push to socialism. They just used covid as an excuse.
What would happen if you passed H.R.-25??
The sign with "Dogecoin to the moooon!" at 5:08 made me laugh soo hard, lol
nobody is really talking about this? no
@vbddfy euuyt huh?
be enough to cover all the leverage they all had. the solutions to save them are now bordering on the ridiculous and this attempted mask robbery has to come to an end soon
Free markets are better than manipulation from the Fed. End the Fed.
What are treasury bills, and why are they a low risk asset?
Banks like JP Morgan are sitting on a half a trillion dollars and waiting for a little inflation so they can earn higher interest on the money. Their lack of spending makes inflation impossible until banks unload the cash into the system. Many think this might cause deflation in fact. The fed doesn’t inject the money into the US economy directly.
"economist" unironically talks about central "bank" trying to set prices of things throughout the economy by mal-pricing credit...
All things considered the general populace in the us is pretty economically literate and disciplined in this context
All of this was planned and engineered. The virus didn't cause anything to close down, the government mandated the shotgun blast to the economy's knee caps. If they didn't place any mandates, the effects of the virus wouldn't have caused a single solitary affect on the macro economy.
YOU'RE going to need to understand a few things. WHETHER OR NOT WE'RE PUTTING CASH INTO CIRCULATION OR TAKING IT OUT OF CIRCULATION IT IS ALL A MASK AS LONG AS THERE IS A CENTRAL BANK. Anybody who knows the Federal reserve prints money but doesn't back it should be able to deduce the reality of that situation. That means they are lending us nothing they just print up the paper and instead of backing it themselves that responsibility gets placed on the civilians which means the money isn't theirs in the first place it's ours which means any value the Federal reserve Bank has came from either theft or slave labor period end of story.
The largest consumer product in the economy- new cars- has been crippled due to the chip shortage. Prices of new cars alone are responsible for a large proportion of the recent inflation index. Clearly this has had a non-negligible effect on the velocity of money.
Ok…let’s be VERY CLEAR. The US Treasury has been ROBBED blind by the corrupt medical establishment, apparently run by Dr. Mengele and his criminal gang at the CDC, NIH, & NIAID. Aided and abetted, of course, by the criminals in Congress who have been making illegal profits from the ridiculous fascist actions that purport to be legislation. The US is a criminal enterprise run by Tony Soprano and if you don’t like it, we have a DRONE for you!
I dont like mass, and been trying to lose it for years, to no avail. I do like math.
Distortions are good...they signal the need for revolution of some type whether an economic system or a government that need them to improve a society not just a few individuals ;) CHeers !!
The only thing that will burst the bubble is a dramatic rise in interest rates. Low (basically zero) means rich people's money goes into property. Property becomes inflated and hard to get hold of, which means all that "extra" cash in the economy gets sucked up by inflating house or rent costs.
Putting up interest rates could cause a crash followed by DEFLATION. There will be no inflation unless society gets restructured and world governments work out how to keep capitalism going without making a few people ridiculously rich
I love it that the GDP is adjusted upward to allow for "reinvestment" by stimulus. We now have a "$22 trillion economy" - up from $21 trillion a year ago. Wow.
This video was horribly done. Oversimplified the simple things. Using analogies instead of plugging in some real numbers to see what we get. Padding the video length by describing what covid life was like. " you know you were there". Why continue to tell us anyway? Leaves the impression that you just wanted to put out a video with minimal effort and research.
So about the lesson clip....what if you’re at a barbecue and they’re cooking shrimp but you didn’t get one and theirs more in the bag? Then could you say “put another shrimp on the barbie?”
pity they could not knit the global communism together with the puppets in canada and new zealand and all around the bankrupt west really. and its a pity they could not sneak in another unbacked digital currency, under the guise of covid payments. its a pity all the plans failed and they will have to sell all those glorious assets to repay it, which still wont be enough to cover all the leverage they all had. the solutions to save them are now bordering on the ridiculous and this attempted mask robbery has to come to an end soon....
Currency by fiat. There’s always an excuse. It always crashes. Always
Basically we all screwed
I’m here to learn how to say gday
Inflation is not a threat long term. The cost of labor is going down, not up. Economies are still gaining in efficiency and Alt coins are gaining ground.
I have may have missed this in the video, but how do you surmise that we're sitting on 'dry powder'? I see inflation spiking due to demand increases, are you suggesting this is just transitory, or perhaps supply shortages?
I watched the Govenors meet with the fed chair who said he was planned to taking the home of all people. After they had just dumped TRILLIONS in Corp elite accounts.. they are not never running the same bank system with the WEALTHY WELFARE RECIPIENTS. As the 98%.
Economic explained for the uneducated lot. lol.
Capitalism is unsustainable and destroying the planet. Capitalism can't handle the crises it created, and society is going to either collapse into barbarism or we will wise up and overthrow the capitalist system to install Socialism.
As a "ground floor" type of worker, i can gladly tell you the there is at least some trending toward GDP going up. Of course, now supply is becoming the issue creating a spending stall. Because EVERYTHING apparently had to be shut down at once....
I just spent 20 minutes reading comments here, and the topic here is Economics Explained. Not one time that I could see was the word GOLD or SILVER used. HUMMMMMMMMM very interesting. The anchor of economic might, and true value and PM's are not mentioned? It seems the leadership that is taking the sheep to slaughter have succeed in blind folding them as they march them into the butcher shop??? What a demeaning place to have progressed to as societal economic low life's. What a shame
Savings = Hoarding Cash?
Too many ads...
Simplified explenation: Money pre covid is frozen, money printed during covid is hot. Once everything goes back to normal, you have to factor in the money precovid that was stuck in limbo and the money printed, effectively bursting the bubble when we all wake up and realize that we printed just as much money as we already had.
Good explanation of the current economic situation and saturation of cash risk. However, while I respect your idea to make money on Skillshare, with all due respect, you don't sound like a typical Aussie to me. Not even close. I can tell you're Australian (or seem to be) but you just don't have that Aussie twang. In fact, you seem to have that millenial inflection which is a recent thing that, I think, is caused by over-exposure to so many international dialects including many from both the US and England combined with all of the Asian and ME inflections that we constantly hear in Oz today. And there's not just one stereotypical Aussie accent either (never has been actually). There are several interstate and regional dialects as well. If you're simply trying to improve the communication skills of some Chinese doctors or some Indian call centre personnel, then it will probably do just fine; though, if anyone's looking for an authentic Aussie speech coach, I don't think this course will be for them. I may be wrong. It has happened before. Peace.
Well you may get inflation in the US market but the bond market measures the system on a global basis. So current data says deflation. The stimulus affect is only temporary and does not grow the real economy. With stimulus becoming a rare commodity in the future the economy will deflate further. Unless the Fed changes the law to print real money through ubi or modern monetary theory. If they do this we will have hyperinflation. Take into account the Fed has hardly printed any money so far as most was done through QE which only creates bank reserves which is not any money in the real economy. The only real way money is created is when people borrow from the banks. Unfortunately the banks are not lending so the system will crash. Good luck
Don't forget a key factor in the economy that is Global Warming that can lead as well to other natural disasters. That's a ingredient for consistent disaster and Money panic.
Who would sign up to skillshare to learn a few Australian words
The wistful law ipsilaterally avoid because hardhat unprecedentedly polish qua a spicy orchid. telling, scattered cold
People aren’t sitting on their cash. They’re paying it all to Joe Biden in massive taxes because he spending us into oblivion. It’s so sad that the American people allowed him to steal the election.
There are 200 Trillion Dollars syphoned away on Tax Havens, so the FED can keep printing knowing that If the Sh*t really hits the fan they can start draining the Tax Haven Swamps, just a pity that the Tax Haven owners control the Government, all Governments?
My country is going to collapse... I have mixed feelings, and I have mixed feelings about my mixed feelings
Anyone else smell war?
Soon EE man will figure out how to make the equivalent to a nuclear bomb in the financial world. It will shake the grounds of the financial sector as we know it, no economy is safe nomatter how stable they are, unless they appease the EE-man and his loyalista by subscribing to his skillshare. Unless they want to risk getting a financial nuclear explotion. A new world order is born. And everyones a aussie.
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For all the stimulus spending, the economy doesn't seem very stimulated.
A guest on The Wall Street Journal Report spoke sometime last week about making over $631,000 in 4months with a capital of $100,000, which made me realize that as a beginner i have alot to learn, so please assist me with any pointers or tips that would help me make this much profit.
Economics explained: were fu**ed
'Queensland Safety Boots'? Are you referring to Steel-Cap Boots? I have Never heard them called that, Though to be fair I do live in Queensland, So meeting other people is a every other week experience for me :)
Painting the picture that 50% inflation over the next 20 years when inflation has remained at levels far below that over the last 20 years isn’t a grand reassurance. Explain?
Good video, but the pandemic aid is mostly being financed through debt, not printing money (although that’s still a small part of it)
This guy keeps talking about the average person "sitting on cash" but my bank account has three digits, counting the decimals.
@IceGear55 If you're complaining about being broke, the only educational videos are about how to make more money, everything else is either procrastination or, as may be more likely in this case, searching for a factor to blame for your being broke. In this case, the economy sucking. Procrastination or confirmation bias.
@Unspecified User #429 watching an educational video on yt isn't procrastination
Quit procrastinating on YT then.
This is very simple - Just give all Americans a $2,000 a month stimulus payment until Delta Delta Variant is gone and you will not have to explain economics.
Haven't we already had 50% inflation in 2 years?
I hope you explained in your classes that Australia is a huge country, and being large, our slang and accents are different from state to state and even city to city. For example, in Sydney New South Wales, we say "I go swimming at the school swimming Pool" (said like "cool"), where as in Adelade South Australia, "I go swamming at the Schoowell swamming poowell" (and no, the extra letters are not silent).
Inflation is theft