The Great Reset | A Message To Investors

"i do want to address comments that say how did you think these companies were going to pay for those wage increases and i can follow that logic and that's partially true but that's not the whole truth and here's why no one wants inflation in this country that's not up for debate there's not a single politician in office who's sitting there like ooh i'm gonna plot to increase inflation and spice up the economy inflation is just a byproduct of the stimulus programs we've created to keep the economy running because if we let the free market do its thing that could potentially crash the economy which some people argue is far worse"

"inflation is just a byproduct of the stimulus programs we've created to keep the economy running because if we let the free market do its thing that could potentially crash the economy which some people argue is far worse"

"basically means that people now are getting paid more than they ever have before in fact if you look at your own income right now you're probably making more money today than you were before the pandemic started what this means is that companies are forced to pay their employees more which means their costs increase which means they have to pass on their costs by increasing the prices of goods and services to their consumers"

"since the beginning of the pandemic which is march of 2020 we have created something like 13 trillion dollars that's 5.2 for the roni rona four and a half for quantitative easing which is the money printer gopro and another three for infrastructure that is roughly 13 trillion dollars"

"world war ii cost us only 4.7 trillion dollars by today's standards"

"and interest rates are still relatively low which means we're encouraged to borrow more money so we can try to grow faster than inflation but that also means we're inflating the monetary supply which means we are left competing with each other over the same stuff that's left so of course prices are gonna have to go up"

"the labor department reported that from october to november this year the average hourly earnings increased by 0.3 which is awesome until you realize it's not awesome because inflation increased 0.8 so even though wages have gone up the real growth is negative 0.4"

"will this continue into 2022"

"president joe biden thinks that we're going through the worst of inflation right now and it's only going to get better from here and his plan to bring the cost down is his build back better plan which proposes to spend 1.75 trillion dollars over the next 10 years to bring those costs down"

"the democrats they say that this bill will cost roughly 231 billion dollars in budget deficit"

"if you get your information from other sources like fox news they're more pessimistic and they say that this is just asking for inflation because the true cost of this bill would be closer to three trillion dollars in budget deficit if these programs are made permanent"

"if this bill passes and becomes law the truth is inflation will probably go higher in the short term it just has to because we're spending more money and that's how people are going to perceive it but in the long term it should help us out"

"this agenda invests in long-term economic capacity and will enhance the ability of more americans to participate productively in the economy it will ease long-term inflationary pressures"

"jerome powell is stuck in the middle of all of it and out of everyone in the economy right now he's faced with the hardest decision of all"

"his job right now is to figure out how to lower the price of stuff without hurting the growth that we've had and we've had a lot of it right especially in the stock market in real estate and in crypto but we've had it in consumer prices too"

"inflation is somewhat of a necessary evil if we want to continue growing because someone has to eventually pay the price whether that's now or further down the line that someone is going to have to be us right especially for the people that are not invested in the markets they're going to pay the ultimate price"

"he can increase interest rates to cool down what's called the corporate debt because interest rates have been so low companies have been encouraged to borrow cheap money so they can finance their growth but this could contribute to inflation"

"his first line of defense which is what he's doing literally right now is to decrease asset purchases like the treasury bonds and the mortgage-backed securities that's his first line of attack against inflation"

"if that still doesn't help inflation and it still continues to go up then he'll be forced to increase those rates"

"companies that have borrowed money could be pushed to the brink of bankruptcy because they might be forced to pay the same loan but now they're paying more money for it"

"it's almost like he has to bring the economy down to a perfect sizzle and if he turns that knob too fast and too high it could set the whole thing on fire"

"if it's too expensive to borrow money or if the requirements to borrow it are so much higher it could potentially create a credit or liquidity crunch which would put a huge deflationary pressure on the economy and deflationary means it means bad"

"i'm going to continue the dollar cost average into the market because i have no idea what's going to happen next year"

"we could find out that inflation is still high because supply chains have still not cleared up or maybe we could find out that jerome powell over corrected interest rates which tanked the economy and then he's like jk and he lowers them again and then we go back up again it's like a roller coaster ride and no one has any idea where it's going"

"if i knew the answer to that question and if i knew that hyperinflation was going to be a thing next year i would go out right now and borrow millions of dollars and buy up hard assets"