The Uncensored Truth about Inflation - How Inflation Enriches Politicians and the 1%

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"We hang the petty thieves and appoint the great ones to public office." -Aesop

"Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair." - Sam Ewing

Sir Josiah Stamp, director of the Bank of England during the years 1928-1941, makes the following statement with regard to banking, “The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and bom in sin. Bankers own the Earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough money to buy it back again... Take this great power away from them and all great fortunes like mine will disappear, and they ought to disappear, for then this would be a better and happier world to live in. But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit.”

MSM: "That's just a crazy conspiracy theory." Also MSM: "It's true and here's why it's a good thing."

I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.

I'm turning 40 soon. I have asked many people in my life, but most had no idea what the central bank does or that it even exists. They have no idea how things work and they don't even care. Most people have absolute faith in a system they know nothing about and is eating them up. J Paul Getty had interesting things to say about this in his book. He basically said people have no idea how hard they are being screwed every day. They are helpless because of one simple thing. That is no more getting your gold from the bank to stop government from spending. So simple, but so true.

That 99% of people had no idea what they were doing is demonstrated by the recent market catastrophe. With stocks, options, NFTs, and other financial instruments, anyone bought everything, made money, and overnight became experts. In any market, nothing is 100% certain; the only variable you have control over is your risk.

I think though this was well put out, it isn't for me. Factoring a young mid income, short term minded person with constant need for cash, are these still recommended? I am new to all of these and have incurred so much losses, I am beginning to think I am not doing what is good for me but good for others

This channel is pure GOLD. It should be compulsory viewing at school... it adds more value than half the dated books

Let's print money and give it to our buddies to buy up stocks and housing

This explains why certain super rich individuals in the UK government are giving loans to themselves! Interestingly, inflation was one of the factors involved in the downfall of Rome, the flood of money making some very rich whereas the vast majority couldn't even pay their rents due to the huge inflated prices along with farms no longer producing, which created famine conditions. Brilliant video, as always. :)

This is A 10x more educational video than most big economics channels. This needs more views. This is education. The one that all of us need right now. Especially the young generations.

Replace the word "economy" with "wealthy yacht owners" and it works. Someone said that, "we should look at kitchen tables instead of Wallstreet to know how the economy is doing."

Okay this is good, but With inflation running at a four-decade high, a Recession is now the ‘most likely outcome for the economy. How can I grow my portfolio to outpace inflation and maintain a successful long-term strategy? I have been reading of investors making about $250k profit in this current crashing market, and I need ideas on how to achieve similar profits

The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than €25,000 a year. My primary concern is how to grow my reserve of €300k which has been sitting duck since forever with zero to no gains.

I’ve always looked at inflation as purely man made to keep the masses barely alive. Think of it as moving the goal posts when too many start living too good.

Thank you for making this video. This is one of the most important issues of our times that almost no one understands. Most people look at you like you're crazy if you try to explain this to them.

Inflation benefits debtors, while kicking savers (and lenders of savings) in the nutsicles.

As soon as I saw the first quote, I just knew after 7 years of being subbed to AoI, this channel really is the best. I never knew about austrian economics before this channel but a couple years ago I was enlightened and now, with this video, it's like the pieces finally came together. At this point I already knew about economic fallacies, but if not for AoI priming my thinking way before this video and before I studied economics, I would not be the focused individual I wanted to be. Academy of Ideas, never stop uploading. I credit my journey to you, keep giving others signs.