How can I trust this guy if he's not even bald?

You can literaly see Josh's passion for the topic. The man got me hella engaged 😂 👍

The biggest monetary experiment Me, an intellectual: *"it always has been a monetary experiment"*

They'll just print it out of no where and everybody will have to pay it back with hardwork.

“And I sincerely believe with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.” Thomas Jefferson to John Taylor, 1816 “Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.” George Washington to J. Bowen 1787

Printer go BRRRRR

DECIFIT. its absolutely a better word!

Socialism for the rich and capitalism for the rest. 99% always bailout 1%.

Josh is finally coming into his own - this was very well narrated!

I would call it FED BUBBLE rather than Corona Recession.

Banks can print money but they can't print wealth.

Wow, you really nailed this one - even mentioned the Cantillon effect, asset price inflation and the wealth gap. Not bad.

I'm more worried about a large economic contraction, large number of companies failing and people losing their jobs, than I am about a theoretical inflation that has not been happening in 10+ years of QE. 🙄

I'm not an economist or in any relevant fields, but I have a bad feeling of this QE by so many central banks right now. There will be serious consequences.

All money - even gold - is 'created out of nowhere'. Money only exists because you believe it has value.

Ha Ha, you put a smile on my face 3:37 "The Federal Government will close 2020 with a huge public DECIFIT". Nice one Josh ;-))

Hahaha love how my country Argentina is always what not to do

That was actually an incredibly informative video, good job VisualPolitik

“Fastest that maduros Bolívar” dam that’s some harsh truth

Return to the gold standard, and then we'll see how good the government actually is at its job.

As an Argentinian, I am having flashbacks now

My prediction: Mass protests will happen in order to deal with this wealth disparity.

This amount of public spending creates snarling zombies looking not looking for flesh to eat but cash to spend, the world is getting pushed into dystopian sci fi movie/book like future

The FED printers are busy printing non-stop $trillion$ every week and giving out to rich corporations for stocks buybacks

Some of us have been screaming about this for over a decade

When they say green economy or green political party, know that is WATERMELON GREEN: green outside and red inside

I'm small business owner and I hate this so much. :(

money printing causes inflation, but the dollar won't lose value against other currencies because everyone is doing it :D

The current monetary system is faulty by design and the people are paying the price!!

I have been wondering this since the first bailout

One thing we can be sure of: it will be the middle class and the poor who will pay the price, and the rich just keep getting richer.

As an Argentinian, I hope US gov is able to know when to stop printing money, otherwise you all are in for a ride in the next years.

If your job can be destroyed by the unemployment package, and everything keeps ticking, it probably wasn't an important job in the first place.

Ahhhh yes, that moment when u want to read the comments to get people's opinions but you're early and it's all "FIRST"

Why can't governments just NOT spend any more money when they don't have it? It works for me and I never go into debt... Strange.

The Money Printer go BRRRRRRRRR

Whatever crazy amount of money central banks create, private banks can create even more. Way way more than entire economies.

Thanks Josh, your video helped me solve the final piece of the puzzle as to why this keeps happening. If I was part of the 1% I'd be laughing all the way to the bank right now. To everyone worried about inflation or currency devaluation that's not what is happening, at least not in the short run. The central banks are buying assets at current market values to keep away deflation or reductions in overall asset valuations. Example: During a crisis a property owner sells their property to the central bank. Once the crisis is over the central bank can put the property back on the market. The past owner might repurchase it if they want to go back into business. They could also just keep the money, retire, become an investor if the payout was big enough. The central bank doesn't care who they sell it to as long as it eventually sells. The only parties potentially screwed over are the workers who circumstance depending have to find a new job. Worker rights and moral arguments aside, it is a brilliant way to ensure productive operations stay productive and force out low productive businesses. However if to many workers and small businesses get screwed over time after time they could start a financially unproductive yet morally needed populous uprising as their interest are not well protected by the system.

When the government wants me to pay more taxes can I print my own money? If the system is OK for them, why not me as well.

Haha, Fed goes ㅂㄹㄹㄹㄹㄹㄹㄹㄹㄹㄹㄹㄹㄹㄹㄹㄹㄹ

Can't believe a house is a piggybank and not a place to live.

money printer go brrrrrrrr

What a scam. Imagine you work 8 hours per day to earn what’s worth absolutely nothing.

As a complete illiterate in these matters but forced to get a grip because of work, am extremely grateful. I will never forget being discovered by an English gent, clutching my cherished copy of the Economist on my way to a meeting, on a north bound train out of Lisbon. I could well understand his surprise as I tend to look more like a lover of Mills and Boons, which I am actually. So cheers really. Behind my power suits am more like 'could we go try on some lipsticks' (too bad we have to wear masks now)

What's the alternative? Let every big company collapse? Not subsidize layoffs? I'd rather go with the risk of inflation

Given that most of the public is ear deep in debts, they are benefiting as well. The ones losing are money savers that do not buy stocks.

I don't understand what would've been the fundamental problem with passing the newly created money out as a UBI and letting it trickle up in the form of individual spending instead of giving it to large corporations and banks.

I love the previous host but I love this host more. VisualPolitik hosts are the best.

for those who were confused a decifit is a unit of measurement equal to ten fits

"Japanizing our economies"😂

Answer ? you want an answer > I don;t even understand the question ,if there was one or two or ten....

I’ll be back in a year to check out New Venezuela with a Gucci belt... aka USA

End the fed. Time to put an end to this debt and death paradigm and bankster control over the global economy

Congratulations on 1 MILLION subscribers!!! 🎉🎉🎉🎉

it's scary knowing that in near future the most vulnerable out of this is the poor and low educated group.

The geat problem with money printing is the so called "moral hazard": cheap money pushes ruthless indebtment among those who are more fragile, be it states, companies or individuals and devalues budget discipline.

You know I do not get why countries never spend 0.5% of GDP to solve homelessness and another 0.5% to subsidize harmless drugs for all addicts. This seems like nothing compared to this crazy spending.

Can we have Josh be the host to anything related to economy from now on? He’s into it

The beach shirt lives on.

He's growing on me

They seem to be overly obsessed with inflation caused by quantitative easing programmes when major economies across the world have used QE over the past 2 decades with little to no inflation outbreaks i.e. Japan, USA, UK and Europe. Deflation is by far the bigger risk during an economic downturn and is far more detrimental. The video also fails to mention the fact that inflation occurs when an economy reaches full employment which is not an issue during a recession.

Have you ever thought about going bald by choice and growing a beard?

03:40 - ...with a huge public deCIFIT...

The host has really grown on me.. I trust him but if he shaved bald I'd trust him more

Bro, with your complexion I'm thinking you need a lavender aloha shirt. The black just.... Doesn't Whistler.

1/ Fed Res produces IOUs 2/ Govt. gives to public in form of welfare due to lockdown and spend it 3/ Business receive it for said goods and services. 4/ Taxpayers pay it back to govt. forever 5/ The Fed doesn't gain anything when issuing an IOU, they charge interest on it and the more debt the more interest so they give you an IOU they made out of thin air without going out of pocket, back it with your Labor and charge you interest on it. What a rort.

Thanks for this great valuable educational content!!!

This was probably the best video to date, this presenter is good. Soon I will have one of those bags made from money myself!

Zimbabwe easily beat the inflation record from 2006 to 2010. It was millions of percentage points annually. Argentina is well managed . . .

No other option. The less fortunate are last on earth especially right now

The spending is paid for with a new and increasing form of tax called INFLATION. If your money declines in value by 5% per year, you are, basically, paying a 5% tax imposed on all your cash, or cash equivalent, income and assets. It is both an income tax and a property tax as it applies to your savings every year, not just your annual income.

@3:40 No one's gonna say anything about "the huge public decifit?" 😂

great work!

Who is paying? The Irish "in spades"!

So basically creating a French revolution like situation.

Public spending is always authorised solely by legislation. Central banks always control reserve balances to ensure there is market for any resulting debt. Get over it.

During the crisis, governments intentionally turn off the economy. Inflation is unlikely. I'm more worried about deflation after a while than inflation. The money being printed is used mostly to pay back debt (people can't really consume since everything is closed and need money mainly to pay back their mortgages). As people pay back debt with "free" money, total monetary mass diminish.

Great vid and well presented 👌

Outstanding video, shedding light properly of the risks associated with such extreme monetary expansions

One thing that buggs me: Paper money is ALWAYS created out of knowhere. So the new money is not different to the old one. No need to say it that often.

All are taking business but real heart is here Evan sivan

Five ads within one video! What the flying flamingo?!

OK serfs, back to work. I hear the Master is arriving soon. Quick!

When the title has Corona in it and the view count is stuck at 666.

Look at all those Canadian 100s

Great video

Trump, argentina and post war germany: we need more money... lets print more!

Very good video one of the best done. Congrats

Brilliant summary, I think you pretty much described it perfectly. More info about the effect of never ending corporate bonds & the increase of zombie companies (20% now in the US) and the consequences of that - for another video maybe?

It is obscene to create money when the real economy is contracting. This kind of stimulus works as a remedy to normal financial recessions but not during a pandemic, where it just creates huge distortions that will have to correct when things get back to normal, whenever that is.

Hay bro, love your videos, even though simon isnt on the channel any more, i like your charisma, i think you'll keep the channel growing. I think a video on how the stockmarket is right now would be amazing.

understanding more than 40% of the content of this video is just for experts

And Nigeria's form of stimulis package is increasing tax and petroleum price.

“The Fed gives the dollars to whoever owns the bonds and the Fed takes the bonds. It bought mortgage bonds, a lot of government bonds, a huge pile of bonds worth over $3 trillion dollars. And bonds pay interest. That is where the $100 billion in profit came from“ This was 2016, I guess we will expect jacked up prices for the normal consumer and more to be rich by their bonds

Bad news is good news for markets

Ladies and gentlemen. We might be screwed

Wow look at all the inflation!

I loved the video But its so hard to understand completely

Please bring Simon back..

If you are a lender and someone is defaulting on a loan it is always a good idea to stop all interest and to just have them pay back what they borrowed plus a little extra