You Are Being Lied to About Inflation | Robert Reich

The underlying problem is not inflation. It’s corporate power. The entire American economy is concentrated into the hands of a few greedy, corporate giants with the power to raise prices.

[EvaHoffmann]

The confluence of economic downturn, inflation and supply chain disruptions poses a significant threat, potentially leading to widespread instability. With inflation at 6%, my pressing concern is how to safeguard and maximize my $300, 000 savings and retirement fund, which has seen minimal growth. I need expert advice on navigating these treacherous financial waters and ensuring my nest egg's security and growth.

[Passionate_Potato]

I've stopped consuming anything unnecessary and realized I don't dream of labor. The greed and corruption in this country is depressing. I'm going to just keep playing my guitar and reading my library books.

[NicholasBall]

Inflation, bank collapses, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, and automobile shortages and prices—all these issues are converging and could lead to a real disaster by the end of this year (or sooner). With inflation currently at around 6%, my primary concern is how to maximize my $300k savings/retirement fund, which has been stagnant for a long time with little to no gains.

[ShukriVikas]

Big government spending on sweetners and unicorns = higher taxes = higher inflation = government subsides to quell inflation, The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.

[PatchTM]

I've been saying this for years. It's the same thing that happened during the last recession. The dollar "stabilized" yet prices never rolled back and corporations continued to rake in profits. But every time I would try to tell people they would look at me with blank stares or ignore it. It's infuriating to watch this happen again.

[Riggsnic_co]

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

[Arohan]

I've said something like this for years . When people say raising the minimum wage leads to inflation I point out prices keep rising without raising it. Failure to actually bring corporate power to heel is the real problem.

[jimcordell]

I believe the one thing that corporations fear more than anything else in this area is organized labor. I work as a trucker in a Teamster Union shop and it is so sickening for me to hear about the abuse of non-union Truckers.

[SeanTalkoff]

The FED lowered its inflation objective to less than 2% in 2012. They changed the target to a long-term average of 2% inflation. Because long-term interest rates are set at inflation plus a profit margin, the implication is lower interest rates. I consider the current rising interest rate to be a very serious issue it will cause more investors to withdraw from the market. But then despite the severe bear market, I am aware of certain investors that continue to earn over $365, 000. Wish I could accomplish that.

[Az-dcnu]

Thank You I've been saying this for months. These companies are gouging people. Remember when they were pushing there's not enough truck drivers? It turned out to be a lie.

[dannmarceau]

There's a reason why corporations have been broken up in the past.

[johnatyoutube]

I am SO glad that you're calling this out. There's one thing you didn't point out. Monopolistic behavior also reduces workforce competition, and there is lessoning incentive for corporations to provide reasonable pay and benefits to their employees. I wish that people would pay attention to what's happening behind the curtain instead of the prestidigitation that's being put on stage.

[averagejose]

Absolutely correct. I've been saying this to everyone I speak to. So many people are misinformed.

[belladonna]

They need to break these companies up. There has to be real competition for an economy structured like this to work the way it needs to. Cap the CEO pay at a 150x what their lowest paid worker makes too. Actually screw it. Throw them all in prison for the financial crimes they all commit daily, and spend the money to make life better for people who actually *work.* You know, those essential jobs that the upper class people belittle as *non-skilled labor, * yet the country would collapse without.

[lailaalfaddil]

Thanks for this amazing information !! If you don't find a means of multiplying money, you will wake up one day to realize that the money you thought you had, has finished. Investment is key, I pray that anyone who reads this will be successful in life

[PremierAutoMan]

These corporations need to be broken up, or make it much more difficult to buy smaller competitors otherwise there's no way out of this.

[faemomofdragons]

I wish more people saw this. I wish more people remembered their high school history and economics classes. Thanks for the video.

[GhostRangerr]

2 years ago, I told others that the whole thing with toilet papers & sanitiser shortage is a lie & being done on purpose to jack up the prices of those things and guess what? I was told that I'm a mad conspiracy theorist. It feels so good now to be proven that you were right the whole time.

[Mockduck]

This is so depressing! I’ve known this from the 80’s but what can most people do about it?
Corporations have bought out congress and congress is supposed to represent us.

[guitary]

Inflation is the wealthy man’s way of keeping you down.

Ever wonder why the corporations and wealthy got covid cash in more substantial amounts and PRIOR to the paltry checks the people got?

To set up shop without competing for those purchases (stock buyback) so when you get your check they charge you more and make more because of the buyback.

How to penalize gouging? Jail time which will never happen, so taxes is the remedy.