Despite what the elite and policy makers would like people to believe, inflation is not good for the poor. It does not hurt the rich. In fact, inflation is a wealth transfer from the poor to the rich. The solution is to shut off the money printer, which is the source. The solution is not to focus on symptoms.
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#inflation #wealth #endthefed…(read more)
LEARN ABOUT: Investing During Inflation
REVEALED: Best Investment During Inflation
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Inflation is a phenomenon that affects the economy of a country in various ways. It refers to the increase in the general price level of goods and services over a period of time. Although inflation has both positive and negative impacts on the economy, it’s often considered a wealth transfer from the poor to the rich, and here’s why.
Firstly, inflation reduces the purchasing power of money, which means that people can buy fewer goods and services than before with the same amount of money. This situation disproportionately affects the poor and middle class who have a smaller disposable income to begin with, forcing them to adjust their spending habits or go into debt. On the other hand, wealthy individuals are less affected by inflation as they have a larger disposable income and assets that appreciate with inflation.
Secondly, inflation can cause income inequality by increasing the income gap between the rich and the poor. Those who have more savings, investments, and assets that increase in value with the inflation rate get wealthier over time, while those who have no assets to hedge against inflation losses purchasing power. Additionally, wages might not adjust immediately to inflation, leaving low-income workers with a lower standard of living while those who control the wages benefit from higher profits.
Thirdly, inflation hurts those who hold cash, particularly the poor and elderly who rely on fixed income or savings in their retirement. Higher inflation rates mean their money may be worth less over time, reducing their financial security. On the other hand, wealthy individuals can invest in assets that appreciate with inflation or hedge against it through financial instruments.
In conclusion, inflation is a wealth transfer from the poor to the rich in many ways. The poor and middle class are more vulnerable to inflation due to their limited financial resources and lack of assets to hedge against inflation. Meanwhile, wealthy individuals with assets that appreciate in value during inflation benefit from the situation. It’s essential for policymakers to recognize the negative impacts of inflation on income inequality and take steps to reduce it.
End the fed
How do? ALL Assets are down..
I was hoping he was headed in the right direction but then I see he is just promoting the lie inflation is caused by raising prices raising prices as caused by people having more money And being exploited by capitalists …printing money to help people should not be looked at as an opportunity
What is the difference between 1950s stakeholder(s) and Reagan years to today's shareholder(s)
I don't get angry at the wealthy, I'm learning from them
Thank you Joe. Not blaming the poor, not blaming the rich. Someone who has seen both ends of the spectrum. Very neatly put. Sound economy leads to everyone going ahead. Look how one generation beat their parents through history. Until inflation stops the improvement. This has happened repeatedly around the world. Money system polluted, people suffer, and the nation falters. No quick, easy solutions.
The poor don’t have much wealth to transfer. It’s middle class savers that get crushed by inflation. True, the middle class does own assets but your house doubling in value is pretty useless unless you sell and downsize. In the mean time your property taxes are doubled.
I voted for Ron Paul, twice.
Assuming that the poor have wealth to be transferred.
The way it works in reality is that fixed income people and savers get hosed. The "poor" or working class have no real net savings, they suffer in the short term but ultimately wages rise as well. This is the case with inflation, not stagflation
Trump gave them the biggest Tax break in history…now raised prices with no to little tax paid…..
I’m raising rents 20-30% in Louisville ky. I’m sure it’s much worse in places where people are actually migrating to. You know exactly what that looks like across hundreds of apt prices.
Yo Jpow, if you could make up the difference on my grocery bill, that’d be great.
For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. John 3:16 KJV, Jesus Christ is the only way…..
This wealth transfer will hurt the world in the long run, there won’t be as much commerce and the economy will shrink. This is more serious and greed won’t let them see clearly.
You are way oversimplifying it. Economic-wide inflation is driven by inflation of labor, material, and profit. When it is due to labor, that is inflation of wages, which we call a raise.
and who controlls the politicians? the rich through their foundations, organisations and companies.
the central banks around the world are colluding to all destroy their own currencies in an attempt to introduce a global central crypto currency. this is why they are printing money to unsustainable levels and also slowing down supply chains to cause hyper-inflation. once all dollars are ruined they will issue state backed crypto debit cards and will then remove all currency from circulation. once this is complete they can then control everything you purchase, making sure you cannot purchase gold or silver, or anything else they deem unfit. your freedom is gone for good. you better WAKE UP because no money in circulation means no freedom. you lost your nation.
Great breakdown of real-earnings and how pumping stimulus can put us in a worse situation, but at the end when you rescind the blame from people at the top (earnings-wise) and put all the blame on politicians I think you are missing the bridge between them.
Who pays the lobbyists who pull the strings behind the politicians choices?
Umm… It's IS the fault of the people at the top… Their lobbyists work on their behalf to insure that the "Policy Makers" enact legislation/Policies that fleece the common peoples wealth through inflation.
You start off strong with your thesis that Inflation is a wealth transfer from the poor to the Rich. Lynette Zang has been hammering this concept for years. It's important to realize that inflation is also a way for policy makers to raise this inflation tax without any legislative process. Thus, there is no legislative scorecard for voters to evaluate politicians stance on it so they can be voted out like there is with other hot topics such as the environment, abortion, voter rights, labor rights, etc. You are also correct that it is not the fault of the poor and then you go on to say that it is the fault of the people who make the policy and we all know that is TheFed. Where your argument falls down is in two major ways 1.) You say it is also not the fault of the rich, this is incorrect as the rich are complicit in allowing TheFed to not fight inflation, they've known about this forever and have kicked the can for years. TheFed only has two main functions a.) deal with inflation b.) deal with employment so their incompetence can not be forgiven and this private bank (TheFed) needs to go away forever. 2.) You also recommend that stocks are better than cash, not really true. If you look at market breadth there is a glaring issue. Take the Nasdaq, If you take out Apple Inc., Microsoft Corp., Alphabet Inc., Amazon.com Inc. and Tesla Inc., the Nasdaq is dying. You had the perfect chance in this video to coach your viewers that the best way to fight inflation, besides ending theFed is to convert fiat currency into Gold and Silver. Gold and Silver are real money whereas fiat money is just being created out of thin air. Most people don't know that 80% of the existing money has been printed in the last 22 months. From 4 Trillion in January 2020 to 20 Trillion as of Ocober 2021. Source – https://techstartups.com/2021/12/18/80-us-dollars-existence-printed-january-2020-october-2021/ Please consider re-shooting this video with my edits and while you are at it why didn't you warn everyone that it is not just the FED that has created this risk. Bank deposits are also unsafe. Because of Dodd-Frank banks can keep deposits when they get in trouble like they did in 2008. Banks were "bailed out" during that era which they created but now they can "bail in" meaning people's deposits are not safe. Your advice to tell people to try and get in position where they benefit from inflation is like the old "work hard and get rich" so you can be part of the ruling class that fucks over the poor. Your videos are good but I don't know why you go all the way to the 99 yard line and then blow your credibility up. Earlier you said the silver squeeze is working but here was your chance to recommend precious metals but instead you stated "try to benefit from inflation or buy stocks as a hedge" You've gone in my book from being a good source of information to having some major problems with logic. I recommend you back away from broadcasting for a while and do some reading on history, economics, social order, and philosophy. Look up terms like the principal of utilitarianism or at least spend some time learning from people like the aforementioned Lynette Zang, Rick Rule, EB Tucker. Also, you are conflicted with an excessive amount of sponsored links in your description field. Why you would promote any Bitcoin products is reckless. You discuss inflation and reducing risk, crypto is a huge source of inflation. There are over 10,000 so called currencies some of which are not even audited. Research the link between inflation stemming from these spurious currencies and I believe once you examine your heart you will start deleting some of these absurd recommendations. Stick to your core strengths. You are a good educator but you've been compromised by being distracted with all these products you endorse. In summary, stay true and be an educator not a product shill.
So what's the first step in ending the FED? Do we write to our politicians? Do we march on the street? Have those two things actually affected ones with real power?
Hey Joe, do you agree with the MMT? And make an episode about your point of view about the MMT? I personally think MMT is just another BS the government wants us to think they’re free lunch for Uncle Sam…
Ah yes, Walmart target Home Depot etc didn’t have a choice! They HAD to raise prices. There was a gun to their head.
The warehouses HAD to raise prices.
No, none of these people had to. They close to. Because they saw an opportunity to.
Wow this is massively over simplified. I own a business that does $250MM ARR, you wanna see the inflation reflected in my COGS? Happy to show you how price increases can, coupled with supply chain contraint coupled with inflation across the supply chain, results in me making less money while still increasing the price to customers….
What's the best way to make profits from crypto investing?
Joe, great to meet you in Denver! Video idea…on inflation and increasing interest rates across different types of real estate such as residential, both single family and multi-family, various types of commercial, farm land, other types of raw land. The debt products are different in each class which should directly impact their response to current economic conditions. For example, will the decreased purchasing power of higher interest rates be directly reflected on the sales prices? Thanks for all your work making this content!!!
To avoid economic problems the politicians have to find options. I personally think a huge world war is going to breakout anytime soon, I don't where, when and who will start but SHTF. The politicians are clueless, the central banks are running out of options, inflation is high, crypto & stock markets are highly inflated, unemployment is high, central banks can't increase rates, people are losing trust from the system, etc. What do they do when they run out of options, Start a WAR!! In the end they will all blame it on the War or some third country.
Inflation is also good if you know how to save more and then buy assets when every thing falls apart . You can stake up on real assets , I noticed Warren buffet is exactly doing this for past many decades , he goes out into cash before the melt down which he currently in and then buy big when things fall apart . His type of guys can afford to be in cash. Not the poor
Thanks! 🙂
The "good" people at the FED should be introduced to the guillotine
Amen! Removing them from office isn't justice though. They need to be rounded up and permanently "vaccinated."
The poor will blame the rich…. but the rich never fight the Fed…. they deserve their fate….
Fascinating way of presenting the truth. The policy makers and those in charge of government are literally imploding our economy and for this they will be removed. Follow the money.
As always great content.
Such a simple concept that noones ever been taught.