From 68 Cents to $18: The Inflation Shockwave at McDonald's

From 68 Cents to $18: The Inflation Shockwave at McDonald's | Mike Maloney & Alan Hibbard

Рет қаралды 22,283

2 ай бұрын

Join our weekly newsletter at www.GoldSIlver.com Join Mike and Alan in a thought-provoking discussion on inflation, using McDonald's menu prices as a fascinating case study. Explore the shocking price hikes, the impact on low-income customers, and how currency devaluation is affecting consumer behavior. The video delves into broader economic trends, revealing graphs of currency creation and its exponential impact on prices. Gain insights into Bitcoin, gold, and the overall decline in purchasing power. Don't miss this eye-opening conversation on the hidden forces shaping our economy
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Пікірлер: 184

@Goldsilver 2 ай бұрын

Thanks as always for making GoldSilver.com your bullion dealer.

@freedom4all581 2 ай бұрын

Gold is and always will be the monetary system. Just because they put a new name over it and inflate it to Infinity does not change that fact

@freedom4all581 2 ай бұрын

And don't forget they had to destroy silver before they could attack gold

@josephkazilionis2707 2 ай бұрын

I’m 78, when I was in college at Cleveland State University and McDonalds opened a store at 105th and Euclid Avenue, we used to go there when they were closing, and order a hamburger, fries and a soda. The people behind the counter would fill our bags with all the food they were going to have to throw away. We sometimes got 8 or more bags of fries. Sometimes they would have a lot of hamburgers or cheeseburgers and they were in the bag too. All that for less than $.50!

@thegreatfomo 2 ай бұрын

How have people that have lived in this ponzi and watched prices exponentially rise for 70-80 years not panicked out of the currency decades ago? I've only been alive for many less years and i've panicked out of the currency already.

@Enfield2A 2 ай бұрын

@@thegreatfomo The answer is Somma - given in discreet amounts with each Federal Reserve note administered.

@aarondramitinos5622 2 ай бұрын

What was your weekly wage out of curiosity

@kevinw9073 2 ай бұрын

Yes, I went to CSU and know what you were talking about. I worked at the McD's in Berea which is still there! Worked for $2.10 an hour! Times have changed!

@ronfesta771 2 ай бұрын

Me thinketh they were probably happy to eliminate the garbage because there was no need to., pay a surcharge to dispose of this........toxic material!@!?😜😝🤪🤣🤣

@drip369 2 ай бұрын

Not only has the price of McDonald's gone up, the amount of actual food inside of what they serve you has gone down just as bad

@TheWizardofOdds-ut2bx 2 ай бұрын

I suppose you can call it food

@chriss4365 2 ай бұрын

time for them to close the doors worst food we could eat.

@keehotee1357 2 ай бұрын

Absolute poison. Calling it food is being charitable.

@thegreatfomo 2 ай бұрын

100%. They might not be the cause of the money creation but they sure haven't done anything to stop it over the past 40 years and actively encouraged it so fast food restaurants are all just as guilty.

@user-io9ec7he4z 2 ай бұрын

How can you possibly expect any corporate fast food giant to stop the money "printing" done by a central bank?!? Seriously..? lol @@thegreatfomo

@thegreatfomo 2 ай бұрын

I wouldn't expect any of them to, they all benefited greatly from the money printing. Probably sent lobbyists to DC monthly just to ensure the money printing never stops. @@user-io9ec7he4z

@contrariandealer3466 2 ай бұрын

The problem isn’t holding gold vs dollars. The problem is that income priced in gold is collapsing.

@ace9840 2 ай бұрын

Yup. Ever since they took the dollar off the gold standard.

@utube7917 2 ай бұрын

No. - Gold is money and is a store of value long term. - Currency like the dollar is not store value long term. - Your income, priced in either, is just a trade. At the time of the trade it is worth more. - The problem is NOT any particular trade, but what happens after the trade, over time. - The problem IS that without sound money, the value after a trade is diminished over time.

@wiszen5496 2 ай бұрын

Word

@wiszen5496 2 ай бұрын

@@ace9840ever since 9/11 until then it was Max manipulation…. 10 oz for one paycheck instead of 3-4 historical average

@wiszen5496 2 ай бұрын

@@ace9840also see the Dow gold ratio maximum from 2001

@zoonpolitikon14 2 ай бұрын

Great presentation, Alan. I wish high schoolers were learning this!

@ace9840 2 ай бұрын

Agree .. They never teach economic history in schools. If they did you wouldn’t have seen so many get strapped down with college debt before they even get started in life.

@Bob-oi7jf 2 ай бұрын

When looking at the debt clock, there is a space that shows a us dollar to silver price ratio. Mike, is this the true price of silver? If so why is it only going for $23 today?

@JohnPaul-ng8lh 2 ай бұрын

Hello from Canada. My father and I went to McDonald's last year and it cost us about $35 for 2 burger combos. Nothing fancy, just a couple 1/4 pounders I believe. My dad was shocked, but I was expecting that. I keep telling that $100 is the new $10.

@rickmasterson1269 2 ай бұрын

At 50 yo I've seen the cost of everything rise ridiculously.... Smh

@contrariandealer3466 2 ай бұрын

So you’ve witnessed the theft of a generation’s wealth and opportunity to prosper.

@smo-guiver8315 2 ай бұрын

The FED's (a private corporation) only business product IS inflation of the currency. The US's biggest export is the debt. Too good of a gig for either to give up until it doesn't work anymore.

@user-rl5wm1cm1k 2 ай бұрын

Soylent Green❤

@andylabardy242 2 ай бұрын

They hide the truth in plain sight, yo.................SMH

@barbmol5664 2 ай бұрын

I usually order a fish sandwich combo. When I opened the cover, I thought I was getting a White Castle mini, it looked so small.

@ace9840 2 ай бұрын

Plus you only get a half a slice of cheese anymore.

@jean-louislalonde6070 2 ай бұрын

Shrinkflation...

@danielwoolman8969 2 ай бұрын

Big Mac Meal in Chicago is $11.69, Big Mac itself is $7.29

@laydownlays 2 ай бұрын

a Big Mac is $6.28 here in sunny England....

@IndianOutlaw1870 Ай бұрын

A Big Mac was $4.49 two years ago where I live. Serious inflation.

@bbustin1747 2 ай бұрын

I dropped McDonalds 2 decades ago. When I learned exactly what junk food meant and refused to give my kids the nutritive value of their food. .99 kid burgers be damned . At least we have one great side effect of inflation. Less junk food being consumed

@mechanicsoffreedom 2 ай бұрын

Exactly, it's a concoction of chemicals masquerading as food. 17 ingredients in just the French fries for example. There's no way I would consume that garbage knowing what I know now.

@MurphWilds 2 ай бұрын

Awesome show! Great job Alan 👍

@Quaarlos 2 ай бұрын

Great video as always Thanks!!

@drip369 2 ай бұрын

Thanks Mike!

@chuckicha 2 ай бұрын

🤮 and lets also say the bigmac is since 2006 full of G.M.O and have NOTHING to do with the good tasty Bürgers from 80s 90s

@IndianOutlaw1870 Ай бұрын

They were even better in the 1960s/70s.

@KanekiKojo 2 ай бұрын

Brilliant video, Mike and Alan. Really enjoyed the charts and your commentary in this one

@anthonyg6221 2 ай бұрын

Hey Mike, Thanks for leaving the comments open. I'm a big PMs fan and was recently on David Morgan's channel. I was going to comment we might all be dead before silver does anything but he has his comments off. It's good to see both the good and the bad comments, IMO.

@suedohnim8019 2 ай бұрын

Excellent points! As you pointed out in an earlier video, consumer prices have risen slower than producer prices, meaning that retailers are not passing costs on to consumers immediately! Currency creation is a stealth tax not so hidden anymore!

@andrewtownend4511 2 ай бұрын

I'm from the UK,but saw a clip on Utube,that a politician in CA calling for the minimum wage to be $50 per hour.

@jordanmetcalf9496 2 ай бұрын

McDonalds isnt even real food if it doesn't decompose.

@eoin7704 2 ай бұрын

Nice work boys!!!!!

@joycekoch5746 2 ай бұрын

In 1981 I went too McDonals and use to get the 6 to 1 deal was six hamburgers for a dollar.

$@fractalnomics$

@fractalnomics 2 ай бұрын

Can we access the charts you produced? Great job, really interesting.

@scott49140 2 ай бұрын

ive only been able to buy one ounce of gold though being on minimum wage i have mostly silver

@od5699 2 ай бұрын

I visited the US in 1980 and eat at a McDonald, it was impressive, clean, well run and the food was good. I then returned to visit the biggest McDonalds (Florida) in 2000 telling my children to expect a treat in comparison to the McDonalds in the UK. This was a shock, the resteraunt was poorly run with two workers having a heated argument and delaying service to everybody's discontent.

@patrickseekins1299 2 ай бұрын

This also exposes the CPI(CP LIe) as prices are up more than 6.29 times since 1971. I'd like to see same chart with the 1980 CPI measurement from Shadow stats added in starting in 1981! That would be REALLY Dramatic!

@user-th7wx8gy1m 2 ай бұрын

Calling Mcdonalds food akin to calling currency Money!!

@richardcamp2362 2 ай бұрын

Why is Silver still so cheap then???? Criminal manipulation by the Crimex, oops sorry I meant Comex.

@gehtdirgarnichtsan4178 2 ай бұрын

cant wait to see it

@brianbecker8382 2 ай бұрын

Gives new meaning to "I'll gladly pay you Tuesday for a hamburger today."

@edsilvius9259 2 ай бұрын

I'm 62 . I remember my dad taking us there in the early 60's and commented on the price of the hamburger. It was .5 cents

@josephpurdy8390 2 ай бұрын

A competitive price for that period of time? When compared to other restraunts in the local area.

@chinaboss6683 2 ай бұрын

Where? San Bernadino?

@danoneill2846 2 ай бұрын

yep

@shadowbanned4days 2 ай бұрын

Grocery prices down.. hmmm

@tinfoilninja 2 ай бұрын

Inflation affects everything in an instant BUT..... PMs

@laydownlays 2 ай бұрын

Can't find the combe but a Big Mac is $6.28 here in sunny England....

@livesimply_ 2 ай бұрын

Explain to me why mining companies can't make money even in the most favorable of times. Is there any scenario where mining companies start to make money?

@fudogwhisperer3590 2 ай бұрын

I wish you'd provide a link where I could copy and paste these charts you show.

@drip369 2 ай бұрын

They often tell you where they get them from, besides they put links in the description of the video

@47retta 2 ай бұрын

Could someone enlighten me as to why KZfaq channels feel the need to post an announcement that they have a video coming up??? Not picking on this channel because almost all do it. I get around a dozen everyday and i go through my feed deleting them to ease the congestion.

@greg_austin 2 ай бұрын

Appears corporatism is ALWAYS about making a big deal about everything EXCEPT things that are truly a big deal.

@greg_austin 2 ай бұрын

"Upcoming video coming. It's a video. It's coming. Better get prepared." KZfaq, the source of information.

@FarleyMan151 2 ай бұрын

1st time I ate @ McDonald's was 1962. It was cheap and delicious back in the day.

@nrm55 2 ай бұрын

Meanwhile...I can still buy silver at the price I was paying over a decade ago....silver is a nightmare.

@cuzmariosaidso 2 ай бұрын

“Have you had your break today?” Is McDonald’s slogan it’s a joke 😂😂😂

@briannewman6216 2 ай бұрын

The expansion of the currency supply compared with the gold supply prior to 1971 is would forced the US to move off the gold standard.

@Leeyouno 2 ай бұрын

last time i was eating at McDonalds.... I ordered though a kios paid by card, my table was still dirty, it took 20 minitues for my food to come, and the ketchup was empty at the station area. the burgar was covered in salt also... the fries are also fried with poloyunsatrated fats instead of tallow like it was back in the old days.

@justgjt 2 ай бұрын

What about other forms of appreciating assets compared to gold ?

@geoffreyrose1620 2 ай бұрын

I wouldn't eat McDonald's if you paid me

@danoneill2846 2 ай бұрын

@mrmjg20 2 ай бұрын

I like a nice Sugar Maple😋

@lakak4056 2 ай бұрын

It depends on the currency when Gold hits 100,000 an ounce. A lot of currencies have already pass that point.

@edsilvius9259 2 ай бұрын

Now if I go ...,. Like maybe once a year , it's 20 dollars for a burger, fries , shake . That is if nothing else extremely noticeable.

@jackspence625 2 ай бұрын

You make a good point that gold is actually paying a relative dividend due to the supply of M2. I would be interested in some comments on gold leasing. Monetary Metals is a leasing gold, but it's hard to get past the idea of security. I believe you said "If you can't hold it you don't own it". I have the same insecurities about Gold Silver's "Instavault". Perhaps you could discuss the pros and cons of both leasing and vaulting.

@geoffwaterman6560 2 ай бұрын

More interesting if you compared the graph of price measured in grams of gold for a carpet burger meal but also in International currency. In Australia the price of gold is much higher growth than USD due to deflation in purchace power.

@theagileleader5973 2 ай бұрын

I recently went into a burger king in nottingham saw the prices and walked right back out. For what they were going to charge me for a burger (£8 for a double whopper if my memory serves me) - no fries or drink I could walk 200 yards to the local kebab/pizza shop and get a 12inch pizza for £8.50!!! No-brainer - I could even get a sit down thai meal for around £15 where the quality is even better! I think these franchises will fast be out of business as people now can't afford to "treat" themselves to these "luxuries". Even though my company pays my expenses Im still very cost and quality conscious.

@yebrpgh5742 2 ай бұрын

Large order of fries $4.29 in PGH PA..

@Gooseo2000 2 ай бұрын

You know why they call it a Royale with Cheese in Amsterdam?

@whiskers78753 2 ай бұрын

I wish that guy would not interrupt the presenter. This could have been a good presentation.

@kiltedsasquatch3693 2 ай бұрын

$18 is about right if you measure in the value of Silver coinage.

@aionphriend 2 ай бұрын

Not to mention the patties are now as thin as a slice of ham. All bun and very little burger. They've sliced one into 2. Get a cheeseburger and a chicken mayo and put them together. Half the price and much tastier if thats your thing.

@Enfield2A 2 ай бұрын

At 14:22 Price & Value will be divergent in BTC. For Gold - no divergence.

@bradlymckee8414 2 ай бұрын

Mike, I’m 20 years old and ran across your KZfaq channel recently, how would I go about gaining you as a mentor and getting in contact with you? Much appreciated!

@Bltnetwork 2 ай бұрын

Interesting. A Big Mac set in Japan is ¥950, which at ¥150/US$ is $6.33. So this suggests that the US$ is massively overvalued in yen terms.

@StockDude 2 ай бұрын

Alan, maybe you could do a study between prices in gold miners and the price of gold. What I mean is, BEFORE the dollar was being printed into oblivion, that was when the gold miners seemed to go up in value first before gold. Because their costs of mining it were not going up exponentially like today. Now, it seems like there's a point where the miners will not be able to extract gold at a profit compared to the dollar, so they will have less incentive to mine it eventually. So that might make gold more scarce and it will actually OUTPERFORM the miners instead of the other way around. Get my point? I thought of this, bc clearly the miners are underperforming the actual gold price. And I suspect this is bc their costs of mining are going through the roof.

@mr.m4n446 2 ай бұрын

Uh hemm, it's called Cellulose fiber, not "sawdust"! ;D

@nobodynothing9950 2 ай бұрын

4 cents for cheese! I'd be bringing my own. lol

@SilverLife-oi4ng 2 ай бұрын

Well isn't prices suppose to double every 35 yrs. Even if inflation was only 2% or am i mistaken?

@pmafterdark 2 ай бұрын

When I was a kid growing up in the 70's and 80's not only were the fast food prices lower, not that it was health food by any means, but you didn't even begin to have the amount of chemicals, GMO's and God knows what else in fast food at that time like today. It was mostly just fat, sugar and salt. Now it's just a over priced chemists concoction combo. 😝

@Hindukushtribe 2 ай бұрын

$18 costs me 28.5gr of silver coin in UK from EBay 😂

@lrmorrison999 2 ай бұрын

How much ShrinkFlation has the Big Mack experienced since its inception?

@bhargi4692 2 ай бұрын

Good question in size and quality

@MyTube4Utoo 2 ай бұрын

So much it should actually be called a 'Mini Mac.'

@WithSoto 2 ай бұрын

“As grocery prices come down.” - am I the only one bothered by this statement? Maybe it’s just MY grocery store, but they don’t raise and power prices like the spot price of metals...once prices go up in USA, that’s just the new price. Why do mainstream politicians get away with BLATANT lies? “Your groceries ARE cheaper” - because we said so? I’ll be sure to keep you guys updated when they begin LOWERING prices in the my local grocery store. Hasn’t happened yet.

@povarful 2 ай бұрын

I spent $24 for philly , fries and onion rings last week!

@askorutin2576 2 ай бұрын

Important to understand that McD positions itself as part an entertainment industry. They entertain their customers by stuffing them with junk. Therefore, they view movie theaters, streaming video services and computer gaming as competitors, not a Wendy’s around the corner.

@josephpurdy8390 2 ай бұрын

24.5 grams of fine silver for a big mac, small fry, and a small drink. How about I get 2 big macs, 2 small fries, and 2 small drinks for 1 toz of fine silver? Where I live its 28 grams of fine silver for 3 big macs, 3 small fries, and 3 small drinks.

@uawsux 2 ай бұрын

Your thumbnail is misleading.. 68 cents was 58 years ago $18 is in a resort very expensive place anyhow and if you're in a resort like that why the hell would you eat a Big Mac anyway

@jimmycain8669 2 ай бұрын

It’s time for no more MCDonalds. Calling McDonalds a restaurant is ridiculous it’s a fast food joint serving unhealthy crap.

@joycekoch5746 2 ай бұрын

No retirement - Don't ever retire!

@rodpanhard 2 ай бұрын

Not much mention of the Big Mac index nowadays, I'm in the UK and McDonalds is no longer a cheap eat but it's still cheaper than the US.

@rickbloodworth7068 2 ай бұрын

Don't forget that the tax on that $18 is more than the 68 cent original cost, so in effect, you could get the meal for free in 1960 and get change back from your free meal

@shadowbanned4days 2 ай бұрын

18.00+ ...

@livesimply_ 2 ай бұрын

Example of $100 Big Macs in 21 years used assumption that inflation rate would be 10% per year over that span. This is unlikely.

@kevinw9073 2 ай бұрын

Let us NOT forget...McDonalds is "fast food," NOT HEALTHY FOOD! Times are changing. If i stop at McDonald's it is for their coffee! Nothing else.

@David_Brinkerhoff93 2 ай бұрын

Shit. I know shit's bad right now, with all that starving bullshit, and the dust storms, and we are running out of french fries and burrito coverings. But I got a solution.

@wavebrain999 2 ай бұрын

I wonder what would happen if we let the criminals make the laws? Oh my - looks like we already did...

@BiteMeRightHere 2 ай бұрын

Even though McPukes is a good inflationary example, nobody should be eating that crap...........

@AsSa-rq3tm 2 ай бұрын

Is a hyperinflation coming ?

@Ben-zv7ph 2 ай бұрын

1 more round of QE, black swan event like c-o-v-i-d. Crash the dollar and bring in digital currency. I'm calling 2027- 2028 just for kicks.

@larryslifeadventures 2 ай бұрын

Without a gold and silver standard thieves control the banking system

@lifeisshort2016 2 ай бұрын

Currency is money, just not good money. Sea shells at one point was money, rocks and eagle feathers too. Now bitcoin is money. Anything that's accepted as a medium of exchange is money.

@thegreatfomo 2 ай бұрын

McDonalds is that unaffordable yet their stock is at all time highs?

$@fractalnomics$

@fractalnomics 2 ай бұрын

23:28

@genericdude6551 2 ай бұрын

Just think what it'll cost to go to Applebees, Chilis, etc.....

@seventhson2151 2 ай бұрын

if fast food is priced out of its customers' range... maybe that's a good thing

@timkozlow5258 2 ай бұрын

So tell me what I am missing here. All I hear is inflation, inflation, inflation. All I read about is how so many people are struggling, in debt etc etc. I went out to eat Sunday , first time in 3 months and these places are packed. They are all packed. Bars, restaurants , etc etc. I pass 50, 60 , 100000 vehicles all over the place everyday. What gives? How are these people doing it? The supermarkets are packed. My co workers are jetting off to Hawaii Friday. I have no debt.I buy Gold , silver and save monthly but wtf?

@StockDude 2 ай бұрын

IDK Mike, I'm not sure you can say that they aren't trying to price gouge us. I say that bc, right down the street there is a Circle K store and they sell pretty much the same Sausage Muffins as McD's Sausage McMuffin. I can get TWO for 5 bucks there, which is $2.50 each. They don't have hashbrowns, but they do have better coffee. So that means McD's is charging me $6 for a hashbrown and coffee. And both of those combined probably cost them 50 cents. So at the current prices, there margins are really high, but I now refuse to pay it. In addition, McD's sandwich shrunk smaller than the one at Circle K! It's not that I can't afford to pay McD's prices, I just refuse to get gouged. Another point: if Circle K is making a profit at $2.50 then that means McD's cost of a breakfast combo is probably around $2 for the sandwich, hashbrown and coffee and they're charging me $8.50!

@brianbecker8382 2 ай бұрын

It probably depends on where you're located. They did give the caveat at the beginning that this may be just a specific McD's or in a certain region with higher costs. There was something in the news recently about McD's prices skyrocketing in California due to the extreme increase in labor cost when the state minimum wage rose.

@brianbecker8382 2 ай бұрын

btw not trying to defend McD's. that stuff is trash.

@Enfield2A 2 ай бұрын

At 24:00 - Conclusion for pre-Fed = Increase for Productivity & Efficiency. Post Fed = Decreasing Productivity & Efficiency. Ah, Modern Times - with apologies to Charles Chaplin.

@diversityhobbit 2 ай бұрын

Minimum wage laws also cause the increase in prices for the consumers

@smo-guiver8315 2 ай бұрын

True, CA just established a minimum wage of $20 per hour for fast-food workers beginning April 1, 2024 and allows the council to increase this wage annually.

@edsilvius9259 2 ай бұрын

My bad I meant .05 cents.