The Fed Chair canāt even explain why central banks rob at least 2%+ of your hard earned money every year. Parasites in suits. #Bitcoin fixes this.
https://video.nostr.build/c4a066fd411fbc3a0c0b96ecf6d09be90c1f51eaecb3ea71761ce4551c91a910.mp4
Discussion
Everytime when you hear the word inflation you should substitute that word for theft. Then you have a better understanding of what inflation really is
So inflation is just a self fulfilling prophecy we all group-manifest? Maybe we can all just manifest central banks to go away?
Fucken Dodges the question
Wtf was that hot garbage that came out of his mouthā¦.buncha fucking crooksā¦there time will comr
The gaslighting is insane and people just eat it up
Itās all a joke.
Governments under report inflation, businesses grant increases āexceeding inflation,ā the majority of the population feels theyāre gaining ground while doing nothing TO warrant it, lifestyles improve via imports.
It appears to work long enough to exceed generational memoryāuntil it doesnāt. System collapses, massive suffering from which coming generations āprogressā from, but no longer better than pre-collapse.
The money masters take a piece of every single transaction. Itās all creative theft.
#Inflation will go down if people just believe it
The #fiat system is so full of #bull #shit
Holy F how have I not seen this. I'm flabbergasted.
And why didn't he just say we target 2% because that's just the right amount so that the peasant debt slaves won't notice it, similar to boiling the frog. (I know why he didn't say that š)
It has 0% to due with expectations and 100% due to supply of cash.
100%? What about the supply of goods side of things? It seems to me that if there is decreasing supply (chickens laying eggs) of a good and demand is constant (people want to eat the same amount of eggs) then price will increase. Is there a different name for this type of increase than inflation? This is a genuine question on my part.
Not 100% in the short term, but long term inflation over the past 60 years is attributed primarily to increased money supply in the US.
Did he really say, if the people believe it then it will come true. š¤ š
Donāt worry, itās 7% anyway.
He doesnāt want to admit it, but this is a remnant from the Gold Standard. Gold inflated 2% on average and since the average economic growth most of the time was about 2%, prices remained stable. But even if they target 2% inflation today, prices donāt remain stable because the actual inflation is much more than this arbitrary number. You canāt tapper excessive money printing by visualising targets, because the target is always moving.
Iām afraid that if normal ppl see this they will think āIām too stupid to understand this, itās too complicated for meā
Rather than āI donāt know what the fuck heās talking about but heās clearly speaking like someone who is not sure of what heās sayingā
Lately I switched my approach with people and Iām really trying to bring back the good old ābullshittometerā. You donāt need to understand what heās saying, just activate again your human sense to feel when someone is clearly unsure and spitting bullshit
I donāt man Iā m trying new approaches with ppl and everything I can