Inflation, Deflation, and The Great Wealth Transfer - Peak Prosperity

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[darwinjina]

We had several education pods spring up in our neighborhood during covid. This was a bonus for the households that did know their neighbors and would share resources.

[tomwhent]

Chris did you say "too many vaccidents" ?
Brilliant!

[ttabasso]

Chris thank you - beginning 5 minutes the best case for Bitcoin ..

[milofonbil]

We haven't even seen the beginning yet. I've been through a 100 to 1 currency devaluation. Overnight two zeroes get lopped off from your money. New dollars replace $100 bills. Yes. Benjamins are replaced with Georges. Old Georges are now pennies. People holding cash are effed. Its coming if we don't control that national debt credit card. The interest payment is already more than the military budget.

[calebfast]

Can you do a video diving into the ownership of the Fed? I've never heard the percentages you said that Citi and JP Morgan held.

[jamesholt]

Min 1:35 "We don't know how bad the inflation is.."
Academia?
I know pretty close. But for me.
Inflation is Individual. Hello!?
I don't give a rats ass what the price of gasoline is. I don't have a car! Don't use taxis.
Diesel goes up? Yes, that's inflationary to me. Groceries, buses use diesel.
Bunker fuel? Yes. I need ocean freight.
The price of new cars has tripled. I don't need a new car. House insurance is way up. I don't have a house.
My point.
"We don't know how bad the inflation is.."
Because there is no Average.
The very high cost of Beef is not a problem to a Vegetarian.
Inflation is Individual.

[LordOscur]

0:35 Only $0.25 in 4 years... If you take into account the Fed printed 90% of the money in circulation a few years ago, the real number is that every $1 Dollar is worth only $0.10 cents (If not less)
The trick is that people see the Dollar bill the same when it is not.

[comicsgator]

Transitory:

adjective
not lasting, enduring, permanent, or eternal.
lasting only a short time; brief; short-lived; temporary.

[JanRiffler]

Why even pay taxes if they can print? Actually it might help not to pay taxes. People will spend more money. At this point it's all about controlling the serfs to the bitter end.

[christopherk]

I see so many comments: I like Chris…. He speaks well and with common sense but try to get his ear … try to get it even if you pay to join Peak Prosperity.
Chris…. You want to lead a movement…. Pay attention to all not just the ones with a PHD.

[Joseph.K.Williams]

The U.S. economy is already showing signs of a recession, and any upcoming rate cuts are unlikely to spark inflation. Banks are expected to tighten lending standards further, leading to a deflationary period where stock markets could see sharp declines, and business layoffs will increase, driving up unemployment rates and solidifying the downturn. When the Fed eventually cuts rates, it will be a clear signal of deepening economic distress, akin to the Titanic sinking and pulling everything down with it. Retail and housing sales will likely drop as consumers hold back on spending. While the yield curve may turn positive, certain assets like stocks and cryptocurrencies can serve as hedges against market volatility, making both long and short-term trading strategies more viable for investors. I’ve managed to grow my portfolio from 130K to over 532K in a few months, thanks to Donna Mikalonis’s exceptional trading expertise, which has been invaluable in navigating these turbulent times.

[hopecottrill]

YouTube will Remove Comments Against Injections //

[matthewm]

Hedonics should be taken out of calculating inflation

[Cryptoversity]

It cannot have lost 25c value, because 10 years ago the USD represented just 3c of it's original spending power, the only real metric (as there are many). Think of the price of a movie ticket or carton of eggs in 1960

[Gary-vorm]

*Brits are now calling their currency, the **_"Ounce."_* :-)

[marvz]

Fear not. When the sun takes us back to 1850, this will all be frighteningly moot.

[milofonbil]

Watch for more "soft infrastructure" spending. Money gets spent and there's nothing tangible left. They will promise to provide for the education, health and welfare, etc. Money is spent on government services like legal representation, filling out masses of paperwork or providing advice. Do we have anything left to show for these so-called investments? No. No roads, bridges, tunnels, comminication systems, markets, factories, etc. Of course not. Those are all tangible. You got swindled.

[dennispoolspaservicetdcigl]

More than half our working population work for the government of Canada. There eliminating mom & pop business. Doesn't matter is you fix thing or farm you have to get an ISO & expand. There planning for way more migrants.

[dangerzone]

FFS when was due to supply chain shortages

[tuckertruckerpatriot]

Chris...we should be related...you married the wrong woman LOL!