Why Haven’t We Seen Hyperinflation?

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Coming straight from the Federal Reserve, we started this period with around 4 trillion US Dollars in the system. One year later, that number is at 6.7 trillion dollars. Meaning that over 40% of all US dollars were printed in just the last 12 months. And from the looks of it, no one seems to be in a rush to slow things down. And strangely enough, we haven’t seen much inflation for everyday goods like gas and food? Prices definitely haven’t gone up anywhere near 40%?. Where’s the inflation?
The reason why we haven’t seen inflation is because the amount of money being printed is only one of the factors that contributes to inflation
To get inflation, here’s everything you need:
1. Industrial Output: how much “stuff” an economy makes
2. Employment
Too much employment leads to employers fighting over workers, which leads to higher wages, which leads to higher prices
3. The Money Supply: the main topic of this video and probably the easiest to understand
More money when an economy is producing the same amount or less stuff equals higher prices
And 4. If money is exchanging hands, and if so, how fast is it exchanging hands, or the Velocity of Money
And in our case right now, the money supply has shot up a ridiculous amount, but the other factors have been keeping inflation down
Industrial Output: It’s been down from businesses not being able to operate, which means less stuff. But there’s also less demand from you and I to buy those things.
Employment has also definitely taken a hit. And with less employment comes lower wages, which means lower prices. Not inflation.
And the Velocity of Money. It’s pretty slow for everyone with all the uncertainty in the air. People don’t want to spend a lot of money right now if they don’t know if they’re gonna be able to find a job or keep their job
But you know what they are gonna spend it on? The things that only go up! Like Tesla stock, every other stock, real estate, and Bitcoin!
But instead of calling it inflation, we call it the stock market rally, the real estate boom, crypto’s time to shine or the great crypto bubble depending on who you ask.
Should the money printer keep going brr? Can the money printer keep going brrr?
-----------------------
Philanthrope, Leavv - What Was Before chll.to/7764bee5
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Fikrlar

  1. Jake Tran

    Jake Tran29 kun oldin

    Get your first seven days right now for just ONE dollar. Go to ➡️ trends.co/jaketran​ for your $1 seven-day trial! 🔥

  2. m3abdi

    m3abdiKun oldin

    @Leveraged Up Degenerate black farmers ?? Nothing about the ppl taking all the wealth out the nation n fleeing to Australia and Canada. alt right talking points.

  3. MoJo

    MoJoKun oldin

    Only in the US

  4. Charlie and the STONKS

    Charlie and the STONKS5 kun oldin

    00p0]

  5. Lee Alexander

    Lee Alexander7 kun oldin

    You are misrepresenting MMT, probably because so many partially informed people are attempting to teach it. There is a caution involved concerning inflation unless you tax out the excess as needed.

  6. Daily Future Trades

    Daily Future Trades8 kun oldin

    1-2 months for stimulus. 0 % interest rates keep all other things in check

  7. Red Blue

    Red Blue4 soat oldin

    quantitative easing doesn't increase money supply , it increases liquidity of the firms. same for other methods by fed, much of that money doesn't touch at all, ie velocity of money. government spending is a closed circle since money is taxed .

  8. Michael Borneman

    Michael Borneman4 soat oldin

    China imports keep inflation in check. Try having a trade war with China and watch inflation spike like crazy.

  9. Hongsta2285 Skillstone hs arena

    Hongsta2285 Skillstone hs arena5 soat oldin

    Great vid

  10. Rafael Ladronde

    Rafael Ladronde6 soat oldin

    why are you saying penge there is no e?! lol

  11. Chess Dad

    Chess Dad6 soat oldin

    The excess cash went to the stock market, savings, and to buy stuff from China. Some inflation, but not as much as one would expect. Probably when the velocity of money increases later this year we will see more inflation.

  12. Lachy Cummings

    Lachy Cummings6 soat oldin

    8:20

  13. glenn alexon

    glenn alexon7 soat oldin

    Almost everything in this video is untrue. You were doing fine up until about 1995 or so... No, the government did not print trillions of dollars in 2020. The change in money supply was mostly due to changes in reserve requirements and government loans. No, the money does not have to "come from thin air" as the dummy at the 9:45 implies. Most of government spending was funded by borrowing through the issuance of bonds. The US hasn't seen hyperinflation because of the pandemic. The increase in government spending and federal reserve "liquidity operations" is merely compensating for what would otherwise be a crushing depression. If the US government can ease off the spending and quantitative easing as the economy recovers, normal healthy growth is possible. Just being able to talk does not qualify one to explain economics.

  14. Agenda2020

    Agenda20208 soat oldin

    And whats with japan? This video is bs, currency is effektet by supply and demand and not due to bs like this video. THE Dollar is the world reserved currency THERE WILL BE NO HYPERINFLATION !

  15. Culture Whiz

    Culture Whiz8 soat oldin

    What a stupid boring video. The US COULD PrInt OVER 12 trillion-dollar without causing inflation. For starters, the United States has what has been called the “exorbitant privilege” of having the world’s reserve currency. That’s the currency held in large quantities by central banks around the world to use whenever they need to prop up their own currency on foreign exchange markets or pay the country’s international debt. And because the dollar is the reserve currency, it is also used to price and pay for most globally traded commodities - oil and minerals but also illicit drugs and weapons. Of course, those central banks and global traders don’t actually put dollars in a vault. Rather they use them to buy U.S. Treasury bonds, which pay interest and can be quickly turned back into dollars by selling them back in the Treasury market. And by buying all these bonds, they lower the rate at which the Treasury can borrow, allowing the United States to run large and persistent trade and budget deficits without suffering a dramatic fall in the value of its currency. These days, however, it’s not just central banks that want to buy Treasury bonds. In times of crisis, global stock and bond investors also take refuge in Treasury bonds. Lucky for us, a surge in demand has come at precisely the moment the Treasury is about to issue trillions of new bonds for them to buy.You can already see this dynamic playing out in global financial markets. The dollar has risen sharply, while interest rates on Treasury bonds have fallen to record lows. And central banks are now so desperate for dollars that the Fed has had to set up special programs to swap freshly printed dollars for other currencies. The fundamental reason for all this - the reason the dollar is the world’s reserve currency and the United States remains a financial safe haven - is that our economy remains the world’s largest, most productive and most resilient. A lot of that has to do with the confidence the rest of the world has in our public institutions. Monetizing debt to stabilize an economy during a once-in-a-century pandemic is what you might expect from a competent government. Routinely monetizing debt because political leaders want to avoid making hard choices is not. Some might worry that even if the new bonds are bought by the Fed, taxpayers will still be on the hook for the annual interest payments and for repaying the full $2 trillion when the bonds come due. Even that, however, is a shell game.

  16. cassius969

    cassius9699 soat oldin

    The answer is trivial. We have not seen hyperinflation because all that money goes to a very very small group of people who pay 8 million for a Veyron to drive to their Yacht to. It only drives up inflation in the circle it is spent on. Supercars and Yachts might be getting more expensive than an equivalent 5 years ago. But the rest does not have the money to drive up the cost of a Cola can or the income.

  17. commandersprocket

    commandersprocket9 soat oldin

    Every state where hyperinflation has happened was a failed state before the hyperinflation. What’s happening now that’s different is technological deflation. Thats why you have stable countries printing massive money WITH low inflation. The fed is fighting deflation the only way they know how.

  18. Jamison Jarosz

    Jamison Jarosz12 soat oldin

    SCHIFF FOR PRES

  19. Edgar linares

    Edgar linares12 soat oldin

    A´m from venezuela and we change our currency to dolars for buy things that are value more than one dolar an use our corrency for the change xd

  20. J.P Studios

    J.P Studios12 soat oldin

    Imagine being a Septillionaire?

  21. MicrophoneAssassin13

    MicrophoneAssassin1312 soat oldin

    So why no inflation after the '08 crisis?

  22. EZG

    EZG12 soat oldin

    AND..... This is one of the reasons the government likes it's good little sheeple locked up because of covid, so they could safely print more money. As long as the world is locked up then money can be printed, inflation is in check and more debt can be created the the rich get richer and the poor get poorer.

  23. James Cain

    James Cain12 soat oldin

    Because most of the paper money is burned in fires. The real money is in Silicon.

  24. Jo Smo

    Jo Smo13 soat oldin

    Germany wasn't really the "Weimar Republic" in WWI. They started WWI as the German Empire, which collapsed after the Kaiser was forced to abdicate. The war was over literal days afterwards.

  25. Aspen Bridge

    Aspen Bridge14 soat oldin

    It's almost as if Europe didn't treat Germany well after WW1.

  26. Aspen Bridge

    Aspen Bridge14 soat oldin

    inflation is like the increasing blind levels at a poker tournament it's not that bad when you are at the top or completely at the bottom

  27. What Next Kai

    What Next Kai14 soat oldin

    I laughed when i saw peter schiff.

  28. David Cook, MFS

    David Cook, MFS14 soat oldin

    0:14 Germany was not called the Weimar Republic during World War 1. It was known as the German Empire, or Das Deutsches Kaiserreich. The Weimar Republic was between World War I and 1933, after the Nazis took over. It wasn't called that contemporaneously, but called that later in a historical context.

  29. cheesus

    cheesus16 soat oldin

    to be fair, im assuming it’s because other countries are printing at close to the same rate, as without maintaining it trade would drop, goods and services would be too expensive, hence the fact whilst the US is printing like crazy, others are following them too.

  30. vishwayoga

    vishwayoga16 soat oldin

    Unfortunately one percenters only want to talk about this when Democrats are in power

  31. Tomas Sab

    Tomas Sab17 soat oldin

    I see a catch... it's being done globally... it's not like you are printing it and buying other currencies - that are not being boosted... It's global this time. "everyone's" doing it. Consequently, no one's money is becoming more or less valuable than the others... Bitcoin is rocketing, though. About as much as you would expect. Matching the numbers. Because you can't "mine" more of it.... same for gold, it went up. Probably will go a bit more up, but it's regulated through reserves balancing... So, technically, this time, inflation might not happen - since all currencies are dropping at similar rates. And being used to buy food, gas, pay bills... right back to where it came from. Technically. It's weird, but...

  32. MultiBagram

    MultiBagram17 soat oldin

    Skip to 10:50

  33. blackisblack

    blackisblack18 soat oldin

    You gave peter "full of shit" schiff so much talk time in this video but gave Stephanie Kelton, an actual expert on this subject, like 10 seconds to explain mmt. Smdh. 👎🏼👎🏼👎🏼

  34. Josh Priebe

    Josh Priebe18 soat oldin

    How do you reckon this with UBI?

  35. blackisblack

    blackisblack18 soat oldin

    Peter schiff is so full of shit "printing money is called modern monetary theory" lmfao the dude has no idea what modern monetary theory actually is.

  36. Perry Young

    Perry Young19 soat oldin

    "During WW1 like many countries, Germany then called the Weimar Republic" ...... you lost me at 16 seconds in. Non-factual or misrepresented information, sigh....

  37. sour fruit

    sour fruit20 soat oldin

    Other currencies are pegged to USD right?maybe the inflation in 'dispersed' throughout all nation? The US gov is printing all the money at the expense of the world.. i don't know

  38. Jackie Cooper

    Jackie Cooper22 soat oldin

    Boi Oh Boi. I've limited knowledge of MMT & even that is more than this "expert". Firstly, This vid makes out MM theorists as some kind of clowns. They r the best realist economists we got. This vid makes it look like they just want to keep on printing money. Secondly, this kind of economics is not new. US & UK has been using it since WW1 & Japan has been using it since the end of WW2 successfully. Loot at their debt & their economy.

  39. Jackie Cooper

    Jackie Cooper40 daqiqa oldin

    @Kajetan If Japan is a prime example of a dying economy then all of Asia is already dead. African nations stand no chance.

  40. Jackie Cooper

    Jackie Cooper42 daqiqa oldin

    @Kajetan Ppl have been saying that abt Japan for decades. Let's see when they'll die. They 4 in fourth place in GDP (PPP) & 28th in GDP (PPP) per capita. The world has been moving towards Neo-liberalism since the 70's. MMT economists want economy to work for the ppl but instead, all the wealth generated is going to the rich. MMT economists r against that. It's still MMT but rigged for the rich.

  41. Kajetan

    Kajetan53 daqiqa oldin

    Japan is literally the prime example of a dying economy And MMT advocates are the best economists man 😂😂 All they did was cause all major recessions in the last 30 years

  42. John Doe

    John Doe23 soat oldin

    This video is a great example showing that YT content is fake news trash. Hey kid. Stick to making videos you are qualified to make, namely videos on sports or other stupid things. You are a clueless kid. And this video is fake news trash.

  43. Vi Lee

    Vi Lee23 soat oldin

    While the constitution says only the govt can, all money comes from the federal reserve that is not a govt agency at all. It's a private entity that consists of private bankers. They are the real deciders of our fate. They've owned the govt ever since they funded Woodrow Wilson's prez campaign after which he signed the federal reserve act of 1913, giving private bankers control of our country.

  44. JØBY

    JØBYKun oldin

    Buy crypto. This is not financial advice. I’m just a retarded ape with 💎🙌 I like the coins.

  45. Colors

    ColorsKun oldin

    Little correction, the Weimar Republic was founded shortly before the end of World War 1 after the German Revolution

  46. Joako184

    Joako184Kun oldin

    40%? Those are rookie numbers *cries in Argentinian*

  47. Todd Foglia

    Todd FogliaKun oldin

    Bullshit and oh yeah where the duk is my stimulus money? Bullshit artist ass clown

  48. My Movers Inc Moving

    My Movers Inc MovingKun oldin

    It IS a magic fountain. BUT here’s the catch, it’s only safe if the rich poor gap gets bigger. As long as the primary wealth holders absorb the majority of the money after it hits the street, it doesn’t matter. So basically they print it, we spend it once then Bezos absorbs it and it’s back out of the system. This is a good thing not a bad thing. That’s the catch, though.

  49. A ѕ т я σ η α c н т

    A ѕ т я σ η α c н тKun oldin

    You seem to think the government actually does control the printing of money. I get that the "federal reserve" sounds like a government entity, but it actually isnt, just like the IRS. Look into it, and before you dismiss it, actually verify with facts one way or another, not op/ed info.

  50. Diligence Movement

    Diligence MovementKun oldin

    No time to watch the video so I don't know if it addresses it, but in my opinion hyperinflation hasn't started because we are in a deflationary period. Hyperinflation come after we come out of the depression we're entering.

  51. OliO AKA Squekyboy2000

    OliO AKA Squekyboy2000Kun oldin

    Yugoslavian was a product of ww1 not 2

  52. Juan Cassinerio

    Juan CassinerioKun oldin

    inflation is not instant you stupid, just wait ...

  53. Juan Cassinerio

    Juan CassinerioKun oldin

    Printing money is just another way of collecting taxes. Taxing the ones that save some money.

  54. Jeremy

    JeremyKun oldin

    Modern monetary theory suggests balancing the printing of money in such a way to control inflation and in relation to the size of economy

  55. Jeremy

    JeremyKun oldin

    Unlimited printing of money is not recommended. But running a calculated deficit to provide stimulus is acceptable.

  56. Luis Colon

    Luis ColonKun oldin

    We haven't seen hyperinflation because the majority of that cheap cash doesn't end up with the general population. It finds its way to the large investors and corporations that can leverage that cheap cash to buy up more investments or pay down previous investment debt increasing their profits.

  57. Yeetles Law

    Yeetles LawKun oldin

    literally false information.

  58. Kly Touch

    Kly TouchKun oldin

    And after that war.. the great reset..🥴😜

  59. MINDRIGHT

    MINDRIGHTKun oldin

    I think hyperinflation is already in full swing in certain segments of the consumer market in the United States. Look at car and home prices. Loans for cars are up to 8 years with the average price for a new car being around $40K. Average Food prices in the US in 2020 were $47.00/day when they used to be around $17.00/day. Prices are increasing at phenomenal rates but people just aren't paying attention. The beer flu only accelerated the trend. The minimum wage increase at $15.00/hour will also kill the economy and lead to even more inflation and job losses because fewer businesses will be able to afford to pay their employees' salaries.

  60. Brian Badonde

    Brian BadondeKun oldin

    buy land they're not making any more of it and keep some silver stashed away

  61. Rob O

    Rob OKun oldin

    Ummm..:.Stock Market. BitCoin. Silver. It just hasn’t spilled out into the everyday yet. Rents Next Year are going to be fun. Housing prices!!!!! My God Man!

  62. Paul Stallings

    Paul StallingsKun oldin

    The whole thing was mildly informative but you advertising a service or subscription defeats the message

  63. DUCK_

    DUCK_Kun oldin

    ... have we just moved on to Fully Automated Luxury Communism ? since ye not many ppl work ... but how much man work in major production is out there these days

  64. UninstallingWindows

    UninstallingWindowsKun oldin

    FYI, printing money is a form of tax, that no one can avoid. In a way its a great equalizer.Doubling the number of money in circulation = taxing everyone in a nation by 50%. The funny thing is, that USA can legally tax other countries that use the dollar too.

  65. antonio garavo

    antonio garavoKun oldin

    alternate title : the end is coming for you, and it is coming FAST

  66. CHBUKI

    CHBUKIKun oldin

    Germany is the most infamous case of hyperinflation??? Have you not heard of fucking Zimbabwe my dude? Lol

  67. Tommy1marg

    Tommy1margKun oldin

    buy dogecoin the universal valuate of future!

  68. Fireboat52

    Fireboat52Kun oldin

    If a person consumes but doesn't produce it would not matter if the person still working could now produce twice as much which is the case with modern technology. We have fewer and fewer autoworkers but the lots are still full. The problem will come when the worker understands that the nonworker is getting half of his wages.

  69. Adrienne Ladd

    Adrienne LaddKun oldin

    they could balance the debt with proper corporate taxes and yet here we are listening to a man talking about worker productivity

  70. zacktube100

    zacktube100Kun oldin

    At 7:00, Zimbabwe says that there is no inflation if you don't report it.

  71. Jonathan Clifton

    Jonathan CliftonKun oldin

    wow its so great that you're solving all the world's problems with your affiliate product....

  72. Tech & Gaming ZW

    Tech & Gaming ZWKun oldin

    Inflation 🔥🔥 Zimbabwe just joined the chat.

  73. Shuang Li

    Shuang LiKun oldin

    Money printing made the rich richer,the poor poorer. That's why the gap between the rich and the poor is wider!

  74. Aleksandr Spitsa

    Aleksandr SpitsaKun oldin

    love your videos very good info .keep up the good work sir

  75. flynn Fogerty

    flynn FogertyKun oldin

    My $ is in silver

  76. cinematiccrisis

    cinematiccrisisKun oldin

    Funnily, even in a video pseudo-selfcritically asking "where is the inflation?", you end up scaremongering about hyperinflation. MMT is misrepresented here. It correctly states that the non-inflationary spending space for the state is not set financially, but by the capacity to activate real ressources with money. Would there be, like in conventional theory, a private sector willing to use real capacities to the fullest, there would be no spending space for the state without causing inflation. In that situation, if the state wanted to finance e.g. an army, it would have to tax first (take money out of circulation) to avoid inflation. You correctly stated that the new money mainly circulates to pump up asset prices. Which portfolio shift will the wealthy make when they think that their wealth has become "overprized"? Will they then buy millions of breads or even cars? No, asset prices will just collapse, the money (given out as credits) will just disappear in a crash, as everyone tries to get rid of speculative debts, like it always was (debt deflation). The fed and state will then will intervene to pump it up again, like it did since 1987. Prices of stocks and assets in general obviously depend on periodic big government intervention, that's the current system. It has rightly been called "socialism for the rich" (but it also supports regular pension schemes). You seem to want to change that dependency, by having private banks to have the control over the printing press. Just look at US 19th century banking system how fine that worked. Many MMTers are of course also willing to discuss reform possibilities because the current system has deep flaws. But really, is the solution to those flaws to take the monetary control completely away from elected politics, into the hands of private banks? Historically, the private banks always made some kind of central bank arrangement anyway, to have a lender of last resort in crises. So basically you always have some kind of politics here, just not the democratically legitimated kind. I wonder how that would help things.

  77. CageyBee

    CageyBeeKun oldin

    when you need math to describe your inflation numbers... oh god oh fuck

  78. Vic Jang

    Vic JangKun oldin

    Nice video Jake. This is the first one of yours I've watched and I'm impressed. Also, Peter does have some good points, but sorry man, Bitcoin is the future!

  79. MileHighOtis

    MileHighOtisKun oldin

    Let's see. Housing prices have risen nearly 100% in Colorado. You're paying 500,000 for a house that cost 140,000 elsewhere. Inflation is here and it'll move once the housing bubbles again.

  80. BigDaddyDizz !

    BigDaddyDizz !Kun oldin

    It’s different when we are the worlds reserve currency, honestly when we print money it probably effects other countries before ours.

  81. BigDaddyDizz !

    BigDaddyDizz !Kun oldin

    Also pair this with the fact that everyone else is also doing the same. Inflation is relative to our competitors

  82. Jeremy Smith

    Jeremy Smith2 kun oldin

    Just got an add for crypto currency credit cards. The world is fucking burning.

  83. ODXT

    ODXT2 kun oldin

    Funny how the guy talks about people getting a $600 check without working (producing something). But has nothing to say about the greater amount we dumped into the stocks?

  84. Cooper Nazzaro

    Cooper Nazzaro2 kun oldin

    Haven’t we seen a huge spike in gas prices though?

  85. Lightning Driver

    Lightning Driver2 kun oldin

    Fiat currency is disaster, sooner or later.

  86. Alan

    Alan2 kun oldin

    Its almost as if money is just a made up concept and the only thing which matter are resources and having the biggest military on earth...

  87. Harupert Beagleton

    Harupert Beagleton2 kun oldin

    You don’t see hyper inflation because a lot of the currency is in circulation in the other economies. US gains tangible wealth in exchange for printing money. Say the US prints a billion dollars and buys something tangible like gold, the US had a billion dollars worth of gold and the other economy has paper money. Who came out on top? The US economy sees no effects of the money sent to other economies and benefits from the goods that comeback in return.

  88. Deez Nuts

    Deez Nuts2 kun oldin

    Kind of answered your own question in this video and accidentally gave a great argument for current monetary policy...When you have massive unemployment in a recession the last thing you want is runaway DEFLATION. Take a look at the Great Depression if you want to see what that looks like. Basically if you have a depressed economy and the value of money is increasing (I.e.lower prices) this just encourages sitting in money in savings, not investing, not purchasing because you get more bang for your buck the next day. This kills demand even further, decreases the velocity of money, and causes more layoffs, more deflation and so on and so on...The point of “printing money” really expanding the money supply through expansionary monetary policy is to avoid deflation and encourage spending/investment. And this process goes the same way in reverse when the economy is booming and inflation becomes a problem. In sum, Peter Schiff is just a gold bug loon that nobody listens too anymore 👍

  89. The_New_IKB 4472

    The_New_IKB 44722 kun oldin

    All this because some idiots forgot what the gold was for!!!!

  90. Mr J

    Mr J2 kun oldin

    Why is because "it's not the right time" but it's comming, wonder if crypto has something to do with it 🧐

  91. Gastone

    Gastone2 kun oldin

    because we're fighting deflation, duh

  92. Gamecore

    Gamecore2 kun oldin

    And our money is basically extortion

  93. Gamecore

    Gamecore2 kun oldin

    Probably went to globalists .

  94. Joe Mamma

    Joe Mamma2 kun oldin

    America's economic is backed by the largest military in the world. We will be ok, if not we will just take your shit.

  95. Tony Su

    Tony Su2 kun oldin

    At the 20 minute mark, probably the only cogent(?) argument against modern economic policy by describing a scenario where printing money becomes a permanent, regular source of funds for profligate spending... which is contrary to how the Fed now uses this tool which is to mainly to prevent economic adverse events. But, there is a flaw in the argument... looking only at the consumer of services who since is "given" money has not contributed to the economic productivity. This flawed argument ignores the fact that today our primary measuring stick of national productivity (GDP) is largely based on produced services and is no longer based on making widgets. This was done to reflect the US economy changing from an industrial economy to a services based economy (The guy who provides you a service but doesn't actually make your washing machine is a big part of today's economy). By todays measurements of economic activity, by simply giving the indigent and indolent the means to spend (and not simply stuff in savings accounts like the wealthy), a substantial contribution is made to enable to service providers more opportunities to transact and make money, increasing economic velocity and health.

  96. Logique Rationnaliste

    Logique Rationnaliste2 kun oldin

    if debt is canceled, money can be destructed, but it's only possible if all the world do it

  97. pixbyeli

    pixbyeli2 kun oldin

    People shit on Peter schiff but you can learn a lot from him...whether you completely believe in his conclusions is another matter but the guy is very knowledgeable

  98. Jake Tran

    Jake Tran2 kun oldin

    Yes

  99. Michael Tayeby

    Michael Tayeby2 kun oldin

    US Dollar is worthless until accepted and changed to foreign goods and investment. Because other countries accept it without any security. US is cheating the world by controlling most of their banks and stocks. US dollar won't collapse unless foreign countries stop accepting it.

  100. Sie P

    Sie P2 kun oldin

    maybe the Big banks could repay the 4 trillion they received after 2008

  101. Tim Tawney

    Tim Tawney2 kun oldin

    Hedge fund manager saying people getting money for doing nothing is inflationary, priceless.

  102. brodysdaddy

    brodysdaddy2 kun oldin

    When he talks about consumers not contributing to the production of goods and services he uses a bad example. Unemployed consumers do not hold a candle to the amount of consumption made by banks, certain investors, and insurance companies. I wonder what percent of purchase power this country has is owned by the unemployed and what percent is owned by wall street and banks? I am not talking about regular investing or lending in a free market....

  103. Sie P

    Sie P2 kun oldin

    "...extra money always ends up on consumer prices; it's like the final resting place for inflation..." Inflation's final resting place these last 25 years has been with the structurally unemployed. And much of the 2 trillion will be used to service private household debt, which is not a consumer good; it's a consumer expense.

  104. Sie P

    Sie P2 kun oldin

    The best beautiful bit of being a soverign nation is that you can, and do, create money. There's no inflation because the new dollars in circulation should have been in circulation long ago. And it's usually WAGE INCREASES that are responsible for kicking inflation upwards, and these dollar handouts are NOT wages.

  105. Rickyw01

    Rickyw012 kun oldin

    Did the Government pass a law compelling everyone to own a cell phone? This is the essence of the power/authority to print money. Neither you nor I can print money. If we do, government laws will be enforced to prevent/incarcerate us from doing so. Look at the taxes that the government has attached to your cell phone bill. To fund things deemed appropriate, the government leeches on to things that we do without compulsion and bleeds them dry. They have decreed what is appropriate to spend our tax money. When they exceed the tax money available in the USA case, they just print more money.

  106. Sho

    Sho2 kun oldin

    Because America is not a banana republic.

  107. Michael Geral

    Michael Geral2 kun oldin

    I recommend that 🇺🇸 must invest in wheelbarrows. Came in handy in Zimbabwe 🇿🇼 to carry cash to get 🥪. Next perchance might just ⚖ money by the pound. 😉

  108. Kevin Coffey

    Kevin Coffey2 kun oldin

    I'm pretty sure Weimar Germany was formed after the war as it was ruled by Wilhelm 2 during the war. Still loved the video

  109. Dash Perú

    Dash Perú2 kun oldin

    I like how Peter Schiff talks about being a "productive member of society" while living from his billions

  110. Jack Riordan

    Jack Riordan2 kun oldin

    He has a point tho money is supposed to represent a good or service you produced to society when money stops representing that it becomes valueless and hyperinflation starts

  111. Jun Jeck Yee

    Jun Jeck Yee2 kun oldin

    @5:35 Wait a minute...

  112. Jake Tran

    Jake Tran2 kun oldin

    His a🅥ailability is on ωhatsapp +1* 4* 2* 5* 2* 2* 3* 4* 0* 4* 3

  113. Nerd Strangler

    Nerd Strangler2 kun oldin

    I don't think anyone in finance has a worse track record than Peter Schiff. Austrian economists are as much economists as scientologists are scientists. They are both religions, just based off different science fiction authors.