To be fair, the price of sugar rising is probably a good thing for human health and wellbeing. Getting people off sugar is a top priority for nutritionists and some doctors.
the reason for the second wave was because the fed let loose on interest rates too early. the fed in present day said they would not make the same mistake and that's why they're keeping interest rates higher for longer.
@@tatebowman2700 and you don't trust the people with the entire balanced records of the U.S.A. at their hands and a team of international P.hD economist? By all means it's okay if you don't trust the government but all I believe is that they're the most capable team.
@@unknownz1238 Randos on RU-vid have way more knowledge and skills. If we gave the reins of the US economy to all those RU-vidrs blaming the Fed they would turn it around and make America great again. /s
@@unknownz1238you’ve got to be delusional to trust the US Federal Reserve after the major policy mistakes they’ve been making ever since their “transitory” statements.
@@unknownz1238 I believe they are some of the smartest alive, but smart people are smart in maximizing gains for themselves and don't always choose to do what's best for everyone.
The reason it has been difficult to call a recession is because of the helicopter money printed. This distorts the economy and can delay a recession that was supposed to take place.
Right, and the proxy metric for when it runs out is not really consumer savings accounts as much any more, since less of it was in consumers' hands to begin with. It still means something, but it may not mean exactly the same thing it did for previous decades.
The problem is that politicians have picked up on the fact that the economy is the single most important issue to voters, so whoever is in power will do whatever it takes to delay a recession, regardless of whatever disastrous effects will happen down the line.
You have to take in consideration that these spikes are just a rebound from 2020. Nothing can be compared to 2020 statistically because we've never completely close the economy down before.
The economy wasn’t completely close down in 2020. Only part of the US economy was closed. Democrat Governors Walz, Pritzker, Cuomo/Hochul, and Newsome forced the closure of Minnesota, Illinois, New York, and California, the 4th largest economy in the world for 2 years. This instantly forced the permanent closure of thousands of businesses and millions of jobs in those Blue States. Some Blue Cities in red states also forced similar closures. Red States stayed open to continue to create all the necessities and taxes the Blue States and Blue Cities lived on for 2 years.
MSFT down 40k, AAPL down 35k, Draft Kings down 6k, NIO down 15K, AMZN down 8k, and my wife doesn’t know. I'm just hanging on to Jim Cramer's words about opportunities in volatile times so perhaps, I either wait for a recovery or pick profitable investments to substitute for my loss
Here's what I was doing almost 5 months ago, given that the mkt often makes a low point in the Fall. (1) From 7/31/23 to 10/27/23, S&P 500 dropped 10%. (2) Found all times since 1946 when a drop of 7% or more occurred in this interval. There were 8. (3) In every case, within a year (sometimes a lot less) a bull mkt had started. Now read Ecclesiastes 1::9 (KJV). I hope you held on.
Don't watch talking heads, do your own research. And forget individual stocks. The long term trends of an index are a lot easier to understand and follow than the volatility of individual stocks.
Powell looks at that 1970's chart of inflation a lot. He will be slow to cut rates this time. That was a great housing price chart. I built a new 1,600 sq ft brick house in 1983 for a mortgage cost of 68,000. that was cheap even with rates at 10 and 11%. I feel bad for anyone wanting to buy a house nowadays, just insane inflation damage. Great Depression already here.
We are moving this next month. Rather than buy a massively overpriced home, I'm renting for a year, buying property and building my own house. I can save $250k or about 50% by building. The housing market is completely broken where I'm moving.
I built one in 2020, 3400 sq ft 640k - 2% interest. Today the mortgage would be more than double. Bank texts me every day asking me to refinance, value is 1mil, I have so much cash available now! Trying to convince people to refinance into a 400% interest rate increase should be illegal.
@@Beerdwolf Good job, banks jacking up credit card rates to 20%+ should also be illegal. JPM had record earnings every quarter with jacked up rates paying nothing on your savings acc. Banks also hate having low 3% mortgage loans of their books. They want the new 7.6% loans...lol
@@Gary65437lucky you. In Russia we have 22,3% bank interests on any credits, except mortgage and 7-15% on mortgage, depending on bank and conditions. So the flat that costs 200k$ in the end will cost us around 500k$, if buy with mortgage.
Thanks a lot for the video!! Can you do one about that 70's decade in terms of what asset classes were favored and which ones underperformed given the high inflation period?
Do you stats of what did wages do for the same time period when home prices went from $22k in 1970- 66k in 1982? Would be interesting to know if wages lagged , but by how much and what asset class kept pace with inflation or even better beat it. That way we could predict which asset class to hold on to or buy more .
With just a little research. Yearly average income in 1970 was ~$10k. An average costing home from 1970 is $22k, which is only 2.2 times the yearly income. Current US average yearly income is $60k. Current US average house cost is ~$420k. This is 7 times! the yearly income. 1970; 2.2x the yearly income vs 2023; 7x the yearly income. YIKES! obviously wages have not kept with the inflation of housing. Luckily, I had the wherewithal to buy my house in 2015, before housing prices completely recovered from the recession of 2008 and was able to buy my house for 3.5x my yearly income at the time.
@@resresres1there were a number of abandoned houses in Detroit and other cities of the rust belt that were demolished. It may be more efficient if future houses could be easily dismantled and moved to where they are needed instead of destroying the old ones (or leaving them to decay) and building the new ones. When mining and sawmill towns close, they just sit empty and unused. Maybe a REIT would be interested in managing such assets, dismantling the houses in the towns that are emptying moving them to a boom towns where they are needed.
@@HepCatJack those houses are demolished because they are in such a bad state of disrepair that it would cost more to fix it up than just building a new one. You can't move a house that is in a bad state of disrepair. There is probably merit in dismantling the house to get the usable items from it so that the next house can spend less on materials (which they may already be doing that), but that's about all that can be done. On a side note, to truly reduce housing prices, you have to: 1). Open up the land for developers, instead of state/local governments limiting land usage in the name of achieving artificial population density goals. 2) reduce permit fees and regulations 3) lower taxes related to building the house 4) create incentives for developers and/or programs for manufacturers of the materials for houses (such as lumber) to be able to reduce prices on the raw material. No state/local governments will do this though, mostly because of woke reasons. They don't want to lose their income from fees nor reduce their grip on regulations of the industry. All they do is try to create subsidized "affordable housing", which has shown time and time again to not actually work.
@@zachmeadows9206 do not confuse them with mobile homes. It used to be that you could order a prefab house from Sears and you would assemble it once delivered. Mining companies use pre-fab homes that are shipped to the middle of nowhere all o the time. Real houses not Aluminum boxes on wheels.
The economy is a set of markets that have to be established by human beings with rules made up by and enforced by governments. There no such thing a natural economy. It's all always "artificially controlled."
We are in recession, and for a while now. The only way it's not one officially is if they are manipulating books, and they nEveR do ThAt. Dry vans died over a year ago, a lot of trucking companies already went out of business. Reefers are way down run for chump change, and few weeks ago open decks completely crapped out. It's parking lot time. Thinking about "winterizing" mine now, no point of being out there.
Since Biden took office, there seem to have been more unfavorable results in America. These results include effects on the markets, such as price declines and sharp increases in inflation, as well as bank failures. I wonder if the sudden increase in interest rates will help value investors or if it would be wiser to stay away from the stock and financial markets for the time being.
Take a risk. It will ultimately be beneficial. However, investors should move cautiously given the current bull market. To achieve your growth goals and prevent errors, it is advised that you seek the assistance of a trained counselor. Stock prices frequently decrease as interest rates increase.
I truly enjoy having a portfolio coach to help me make market judgments on a daily basis. They possess a special combination of abilities that enable them to take both long and short positions, benefiting from the possibility of significant gains while also safeguarding against downward turns. Additionally, they have access to exclusive knowledge and research that virtually guarantees they will outperform. I've had a portfolio coach for more than two years, and throughout that time I've actually earned over $300k. It was a wonderful experience!
I've avoided all of the problems that the volatile market brings. Nowadays, the best way to enter the market is to read, research, be patient, and seek advice when necessary. Because I am unable to manage my portfolio due to my line of work, I simply imitate the moves of Julie Anne Hoover, a CFA, whom I watched on Bloomberg Business News. Everything has been simple since then.
You have no idea how any of this work. Which is why if you are in the market you are going to lose all your money. NO admisnration has any effect on oil prices PERIOD. That is done on a market... futures market to be exact. The American public has been getting screwed by our government for over 50 years. FDR, Nixon, Greenspan, Bernakie... these are the 4 people you need to blame for our inflation issue. Trump and Biden were just dropping cherries on top. If you don't understand why I say these things. I implore you to read books on economics, financial markets, investing, and trading. To make a blanket statement like you did is easy... but it is not correct.. this is not how this stuff works. But really it doesn't matter anymore.... once the 10 year hits 5% EVERYONE will wonder what happen and most likely blame Biden which is going not correct. It took us 50 years to get here. The can has been kicked down the road for too long. We are out of road. For what I see and the 8th grade math I have done we are going to get a five times worse event than the GFC. So we will be in a Depression and we deserve every bit of what is coming to us.
If you think Biden has had a dramatic affect on anything you’d really be better off dumping all your cash you’re holding into index’s and go play golf. Forget all this, you’re wasting your time. This translates to your decision paralysis on interest rates as well. Have a good day.
I promise you I have seen this right before 2023 lol, someone used to saying 2023 is going to crash the stock market with the same curve matching technique.
Love how you make the case that we need to reduce our dependency to oil, part one, but part two, we are giving way way way too much money to the already rich. Decades and decades of tax cuts for the rich drives inflation for real estate, for health care, for higher education--all the things that have allowed folks to "bring themselves up by their bootstraps".
Every time the government gives money directly to anyone it's simply a redistribution to the rich. People need jobs, not welfare(which is scientifically proven to be psychologically damaging anyway.) Free trade agreements are simply a way to keep wages low because, now, every American is competing with everyone else in the world. Any time someone is willing and able to do a job for less, it will be done for less. Every regulation is inflationary and a regressive tax.
What are you talking about? Taxing the rich will only make us pay more. Tax is taken from the rich who own the companies so they rise their prices to compensate, then the government spends those taxes on more things we dont need and demands more taxes for everyone and everything gets more expensive. You lefties keep making the world worse with you counterproductive ideas of equity and taxation. Most large companies are publicly listed, meaning a lot of their capital is raised through the stock market. Most of use are invested in the stock market whether we know it or not, either through our retirement funds or our financial advisors. Companies pay a large amount of those profits back to shareholders. If government taxes the rich to cover egregious government spending then that means less equity to give back to us, the shareholder. Its a trickle down effect that has repercussions for the entire economy of a nation. An open market is a better market. Even if your not invested, the price of the end product always goes up if taxation goes up.
the rich are rich because they own stuff, not because they have money. Increasing taxes on them increases taxes on the products they make, increasing prices for consumers. You cant just tax the rich and solve all the problems. Capitalism keeps the rich in check through competition
Great explanation of the relationship between oil prices and inflation! I really appreciate all your hard work. Your videos are based on fact, not emotion! Please keep them coming!!
I just ask myself that oil price increase at the same rate for every country but why doesn't the inflation increase at the same rate. They consume oil too. Also, their currency and economic state don't look better than US. In addition they aren't oil producers. Oil price were as higher as today for many years. 2010 to 2015.
Price is relative to demand, purchasing power, and technological improvements (ex: cars are more efficient than 20 years ago). You cannot just look at the absolute value changes. A more accurate picture would be the average $ spent on gas vs average income. In 2010 (US Census Bureau), average gas expenditures is roughly 3.5% of average income. In 2021, the number is only 2.3% . In other words, even though gas price increased but we are actually spending less on gas than 12 years ago.
We have 2 major political ideologies competing in the US: One that wants to restore individual wealth, pro-consumerism, reduce energy costs, and support middle-low class. The other wants to restrict and limit the consumer, drive existing markets into social causes such as DEI and Climate change, is throwing money into foreign wars, drive inflation by spending trillions in what is likely foreign money laundering schemes... Economic growth was it's highest in 40-70 years (per demographic) under the Trump administration. The new administration is a massive money laundering scheme, COVID was the largest transfer of wealth in human history from poor to rich. We are seeing the country being drained and destroyed from Washington
On the other hand, we are also heading into an era where the market more and more decouples from the oil prices. A lot of industries are going from fossils to renewables and this trend is growing. Logistics in 2040 will no longer rely on oil prices.
@@andrewfreeman88 And yet we will use it, because it turned out that burning coal and oil is an even worse appoach (and also limited to the resources, it can physically not go for long)
@@tophercIaus 2040 is 16 years. Not 6. A lot of countrys claim to be 100% renewable by then. That is only possible if they fade out of oil in logistics. And thats what we see happening. Our Amazon guy is driving electric for years. He, in a sense, is no longer relying on oil.
@@fie1329in order for us to be free of fossil fuels on your timeline the human race will have to mine more copper in the next 16 yrs than we have mined in all of human history.
More can be done than inject stimulus into the economy to stop recession. A huge factor for inflation that this video doesn’t cover at all is price gouging and corporate greed. Price control is a very valid solution to our economy. Unfortunately governments cares more about the profits of corporations over the well-being of their citizens.
In the UK we’ve just seen energy demand drop off a cliff with electricity consumption at Covid-low levels. I would be interested to see you look at very recent oil demand as if it’s not there (which my guess is it won’t be) then high oil prices in the absence of demand will actually be deflationary
As we witness the current economic landscape, it's becoming increasingly clear that we're entering a recession. These times can pose significant financial challenges.
You want to work with a money coach or financial planner, although a financial planner will concentrate on long term, a money coach will help you with paying off all of your debts, maximize your cash flow and help you create systems and processes to direct your money proactively.
A financial adviser could help too to create a more holistic plan for your money. They can assist you in the creation of both short and long-term goals and then help you by giving guidance on the financial decisions and opportunities you are presented with.
Who is this person you work with? I have tried getting around me and it is practically impossible to get one that doesn’t charge exorbitantly. Can you also share what the fee structure is like?
no.1 effect on CPI is housing. if that were to fall 25% than this would balance most other things. what do you know, housing is well overt 25% overvalued in almost all areas.
Wow. The production quality of these GoT videos just keeps getting better. Thank you for presenting this analysis in such a clear, concise, and manner. You do an amazing job showing the relationships between different macro factors that affect the economy and stock market. Super valuable information. Happy to be a paid subscriber.
An oil melt up? 1. Government has drawn down the oil reserves to lowest levels in decades 2. Oil drilling is at low levels 3. US government is closing public lands for drilling as in Alaska 4. Keystone pipeline cancelled 5. Increases in drilling regulations
looking back at `03-`07 rally, the rally actually should've stopped in `05-`06 when burry first spotted a real problem on mortgage. burry had a strong reason to believe the boom was done because dxy went down to the level of `95. yet, the rally kept on as dxy went down even more for 1- 1and half yr. no one still can figure out what caused that cycle to persist, but it did anyway. coming back to present, this cycle of economy should've been done as svb, cs went under, yet the fed let liquidity loose on the brink of domino effect and prolong the cycle. i guess we're somewhere in `05-`06. i don't think the rally stops sooner or later. it will keep going until every each one of market participants gets so happy and humming. history repeats, but in different form. one more thing, btw! ltcm was sent off forever of russia moratorium in 1998. mortgage crisis broke out in 2008. and taper tantrum broke out in 2018. beware of 8.
We need an absolute devastating crash and recession right now to reset prices. Nobody can afford to live at these prices. Let this thing finally fall and let’s reset the board.
I think that would just hurt the average person more. The people who don't have much disposable income to begin with and don't have savings/assets will more easily lose their homes and be forced to rent. As home prices come down, it'll be the wealthy that buy up more property to either rent out or turn a future profit. The average person might reach into their 401k to make ends meet while the well off will weather the storm by using savings or sell off assets or downgrade their lifestyle expense. When the economy bounces back, they'll be in a stronger position by buying stocks at a lower price while the average joe struggles to rebuild their savings/retirement plans etc.
Yes but no. House prices are going one way for a few years and that ain't up. I've seen 10% cut from houses in the last 6 months and many houses relisted as the sale has collapsed. The cost of food and oil may continue to rise but houses are a bad investment atvthe moment.
How about giving us the comparison data for gas prices against inflation from ‘07 to ‘15? Maybe explain how that “shock” did not create the inflation you are suggesting it is directly tied to.
Ressessions are part of the course of economic activity. We are in need of one to reset prices and deflate bubbles. Like everything else, plan for one so you are ready and ride the wave!
Finally thanks for the update! Im trying to hold a million dollars worth of ACF300X . Oddly enough its a sleeper for some weird reason that not many RU-vidrs talk about in regards to lnvesting. It has had steady growth since its release.
Yes and no. Slick yes, but some of the cherrypicking of timeframes used for the graphs hide where the conclusions drawn stop fitting with history. eg the section on oil price rises mirroring inflation rises. He shows a graph at 3:24 that starts just before 2017 where the rise and fall matches for a 6 year period, but sneakily removes the inflation line when he expands the graph at 3:41 to show preceeding decades. He does this because there is zero correlation for most of those many decades. Here in the UK, inflation had been relatively low throughout the period from the mid 1990s right through until the last couple of years. This despite the prolonged rise in oil price from 1999 through to 2014. Inflation was between 2% and 3% across the years of 2012 to 2014 when oil was the same price as it is now. In fact the highest it got to was 4% during the entire 1999 to 2014 oil price spike.
Thanks to this channel, I've been holding onto my 120k in cash. Looking at the market today, I'm so glad I did. It's going to get worse but for us who's been following the channel, we will have the full ammos to buy big stocks at incredibly great values. Win for us 🙌
3:18 The claim that avocados come to the US from Mexico by boat is a great inaccuracy. While there are instances where avocados are transported by sea, the prevalent methods of transporting avocados to the US include refrigerated trucks and reefer containers, with air transport also being an option. The bulk of avocados in the US market indeed come from Mexico due to its higher production levels, but the US also produces a significant amount of avocados domestically, mainly in California, supplemented by smaller contributions from Florida and Hawaii. Therefore, a large portion of avocados found in the US, especially those grown domestically or imported from nearby regions, likely reach the market via road transportation rather than by boat. All of the above transport methods require fuel, but what's interesting is that sea travel is often used in this specific circumstance because it actually has the lowest carbon footprint in terms of Mexico imports, which, as I mentioned, is not the whole story because the US has its own avocado production as well. I don't know why I spent so much time and energy on this. It just seems like if you want to get people to listen to your information it's best to present facts that are accurate. I think most people intuitively know avocado doesn't come to US form Mexico by boat... 🤷♂
Often times the best way to outperform the market amidst fall is usually to earn more and wait it out, but considering how down bad we are and soaring inflation, I'm on the clock and I can't help but panic considering I should be retiring soon, how do I grow my stagnant reserve of $300k, i'm running out of options.
Well agreed, you know it was way easier to navigate the mrkts up until 2020, ever since it's been dip over dip, I had to source for a portfolio manager Camille Anne Hector to revamp my entire-portfolio in order to hedge against inflation, it's been over 3years following the strategies and I've grown a 250K account to almost 2m thus far.
Theoking hey mind if I look into the manager that guides you? I dont know what to do in this market i'm losing like 600 dollars per day essentially in my mutual fund portfolio.
All of them are really nice picks. But the potential of project that elegantly combine blockchain and AI is Amazons ACF300X and should not be overlooked, I guess. Among them, this truly tackle real-world problems and have vibrant ecosystems, like Aiwork.
In my country, we have a saying : "stupid is not the one who asks, but stupid is the one who gives". Isn't it cheaper to build a house instead of buying one?
Hi, great video, love the slide chart animations -may I ask what tool you use to animate these graphs? One other thing to consider regarding US Oil production is the decline rate on 'fracked oil' (which is where I believe the majority of the increase in US production has originated) is very large/quick, so its really an investment numbers game which while money is cheap (/free) enables, now money itself is becoming more expensive it will be harder to expand rig count to counter the decline... Keep a close eye on gross US Oil output.
they don't just turn off the pumps and tear down the rigs when demand dries up. They leave those stations operating or at least able to be used. minus deposits drying up, we should easily be able to gain back almost all of the production that was turned down.
There comes a time when the government cannot provide fiscal stimulus because it’s so debt heavy already that the debt service on additional borrowing would gobble up annual budgetary discretionary spending. This is not the 1970s l. We are in a much worse position with less options.
While no one will agree with this, if we cut our military budget by a third, we could tackle a huge amount of our debt and still be on par with the amount of spending that every other country globally spends. We really should lower our military budget in times of peace as long as we maintain a strong defense. How much of our military budget goes to protecting other countries??? Maybe it is time those countries picked up the slack for once.
Nice video, but I don't think it will end. As long as it can still continue, there is no need to think about the end. Because I don't think there is anything that can stop this.
@@junkobash2365 If what is taught in paid online courses is truly lucrative, the instructor would either: A) Be busy using these methods to become even more wealthy OR B) Give away the information for free because their intention truly is to help people My guess is that teaching a course is actually a justification for a private owned business that an individual is using as a tax hack so they only have to report a small "salary" on their taxes, while also making a much money as possible from people that are willing to pay for the course. 🤔🙂
the first half of this video actually shows really well how dependent we still are to oil and gas which are non renewable energy sources, in oter words fossil fuels, this just shows once again how important it is for human kind to stop using fossil fuels and rather start making alot of solar wind and water power, maybe even nuclear just as a inbetween solution until the whole renewable energy situation is sorted out. i hope that humanity will soon start realizing that renewable energy is essential for a stable ecosystem and live on earth, just as it has always been. us burning oil in these large quantities upsets the balance of nature and it WILL destroy life as a whle in the long term if we dont do anything. earth is such a perfect balance of gasses atmosphere molecules and other shit, that life managed to grow only here and as far as we know rn no where else in the whole universe, we should respect that and try to follow the system nature gave us, meaning using the suns energy and not some broken down old dinesaurs.
My p0rtfolio is plummeting significantly, I’ve lost about $320k within a few months and I'm not confident about picking st0cks anymore. Are there really no other options for me to gain from the stock market?
RE: "just produce more oil"... Recent increase in production is largely due to shale oil, which is reaching its limits and many fields have already peaked and are not producing as much as two years ago. Shale oil will be harder to reach and net energy output will decline a lot pretty soon. You already see that financing new oil riggs has become very difficult due to investors not expecting them to be profitable. This financial issue will only change if prices go up, but then we still have the geological limits that we are rapidly approaching. The age of oil is coming to an end, prepare.
ok, so what would you do? sell some ETFs and Stocks and go straight into Bitcoin or save ur money on the bank account where u get up to 4% interests rate?
Ive been a fan of Amazon for a long time, so when I saw that they were doing a presale for ACF300X, I knew it was going to be something special. And it is!
Didn't this all happen in 1970s because they unpegged the dollar from gold in the US? This is not the case now, we are still using imaginary fiat and we just printed a lot of it so the market is correcting itself. They printed more money than ever in history, what do you think your money is worth now?
100%, we need a punishing recession with unemployment in double digits. We need taxes cut by 25% and government spending cut by 75%. All of this needs to be sustained till 2029
Everything is so different now compared to then. You can't do this kind of historical comparison, it doesn't work. You are always going to be able to find some time period in the past that looks like now, but it will never be able to tell us anything about the future.
Injecting fiscal stimulus is a bandaid. Afterwards, business executives will think, "Hey, the federal government just handed out a trillion dollars, so that means inflation will increase. We'll go ahead and raise our prices because we won't be making enough money." A big problem with capitalism is that there a many executives who think they aren't making enough money, even though they are making several orders of magnitude more than their company's average employee. Let's look at Raising Cane's for instance. Their prices have steadily increased over the years, and the founder bought $100,000 worth of lottery tickets. If they weren't making enough money from sales, then why would they literally throw away 1-3 salaries' worth of money at the lottery, of all places? It is proof that this company, along with many others, make more money than they even know what to do with besides line their own pockets. And it doesn't even matter what the reasoning behind that was because the chance at winning the lottery with that much is... about 0.017%. Would be in favor of a salary cap, where any excess revenue would be required to be reinvested or taxed at 100%, rather than blown on useless things or just keeping it in a bank where it does no good. And speaking of the lottery... I don't think lottery winners would be in a position to complain about an extra 5% taken from the winnings to go towards paying off the national debt... so long as it actually went towards it. And for the portion that is already going towards education, the state governments shouldn't be allowed to redirect funds that *were* going to go towards education but instead sent them elsewhere because of a local lottery win.
Please explain to me how oil translates directly to inflation? The entire commodity sector accounts for 17% of CPI. Why oil is this expensive and continues to rise is supply dynamics, not more demand. It looks more like a reflation oil hit 140 in 2009.
Everyone seems to be throwing around the word recession but just wanted to let people know A contraction is when you have a downturn in the economy, this is part of the economic cycle, you only have a reccession when there has been 6+ consecutive months of economic downturn
The main reason for inflation (which most dismiss), is the government policy of taking massive loans, printing constantly more money and other government actions. And at the end, the regular person suffers from inflation while the government profits from it.
