Of course he did his net worth benefits from it. Why fix something that is good for them?

He said that in video. He said they were paying people to stay home

@M Lee yep ,PPPwas bad for the working class as this massive transfer of wealth was fraudulent!And the debt grew under Trump because of my tax cut,that continues.BUTshortages by themselves don't cause all-sector inflation..there's no money in a recession ,.in the depression prices fell despite shortages.The double prong of DEFICIT SPENDING..MONEY YOU NEVER SAW!govt burning of money for build back better,free babysitting,And solar assistance,all caused the massive 31 trill debt we now have.

@@itrebor How you figure? Money printed lowers the value of all money not just that of poor people.

We're well in QT right now. They're destroying money right now not printing more

@@tracym8952what do you call the bank bailouts lol

​@Tracy M you should be a comedy writer.

​@Tracy M they are trying, but the left hand is not quite doing it fast enough to overcome the stuff the right hand is doing (bank bailouts)

@@herbiehusker1889 learn what QE and QT are

In a downturned market, numerous strategies exist that can potentially yield lucrative profits. However, executing such sophisticated trades requires the expertise of seasoned market professionals.

Absolutely! Within a span of less than a year, I witnessed remarkable progress after following the guidance of 'Margaret Johnson Arndt' . Beginning with an initial investment of less than $100,000, I am now just $18,000 away from reaching a quarter million dollars

You mean by voting for another Joe Biden a Kamalla Harris in 15 years?

I hope I’m gone by then

World is ending before then

​@@daebak7370 World is always ending. Try again.

​@@daebak7370bro the world has been ending for hundreds of years.

Literally insane that its never mentioned..

printing 40% of money in circulation and then prices go up 40% yea might be a correlation

He's to busy blaming Fauci for a global problem to realize the real cause.

All modern monetary systems create money out of thin air. The trick is to match money to the available goods and services. Also treasury bonds are the backbone of not only our economy but the world's economy. For instance it is used a collateral on international trade. If you study the 19th century when we were on a gold standard you can easily see why we went to the current system. All kinds of problems happen in the 19th century because we used the gold standard . This post is not the place to go into that.

@@LilKiwikid95 He's too busy off on his right wing rant rather than discuss a situation rationally

@Lloyd Bernard If you lack market knowledge, your best bet is to seek advice or support from a consultant or investing coach. Contacting a consultant may sound simple, but it's how I've managed to stay afloat in the market and increase my portfolio to roughly 65% since January. It is, in my opinion, the best way to get started in the industry right now...

@@baileymclean8186 Where may one locate an experienced FA? I like the notion of employing their services, but it's terrible that recent stock market tragedies have started to happen more frequently.

@@roseroland1998 The thing is, I really don't like to make such recommendations. But there are plenty of independent investment advisers you can check out. I've been working with "LISA ELLEN SHAW" for about three years now. She has made decent returns for me and I believe she has the qualifications and expertise to achieve your goals. If she meets your objectives, you can continue. Always carry out your due diligence before starting out with anyone.

@@baileymclean8186 Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

Lol keeping the corrupt system

Get rid of all secret societies

Tie any salary changes to the same beans that are counted to determine SSI retirement benefits and military pension increases.

and get rid of inside trading! dont let them personally enrich themselves and be manipulated by lobbyists

@@nickflorence1 term limits as in limit the total number of terms that an individual can be elected to stay in office. Get fresh blood into the legislative seats more often.

Get along, to go along!

it’s painful to watch him try to add value. It’d be better to watch Dave run solo, homestly

Exactly. The dollar follows simple supply and demand like everything else. When there are more dollars in circulation they become worth less. Therefore we have inflation. Sure the supply chain issue affected inflation too, but I would argue that had much less of an affect compared to simply having more money in circulation.

@@claybirdyshaw5737 agreed

@@jackthompson5256 He didn't bring it up because those are obvious facts that counter his argument and attempt to blame Fauci. Nah, it was all Powell and Yellen that caused this.

QE didn't cause inflation though. The lockdowns and stimmies clearly did. QE was deflationary for 10 years until 2020.

Yes, your are not wrong

I agree. That's why we have $80,000 pickup trucks.

Too many dollars chasing too few goods. It all started with shutting down production of goods (Fauci) then handing out checks (Trump& Biden). Add in student loan, mortgage and rent moratoriums and here we are...

What was cause of the issues that you listed?

You are literally spot on

Too much much "FREE" money chasing too few goods and services. While everyone was loving on biden for their "free" $800 check, we were telling them it will cost us BIG TIME shortly, and here we are.

Covid checks? $3000 per taxpayer did this? $3000 covers the newest Apple Watch and iPhone. $3000 caused housing prices to skyrocket? Food? Please. You’re delusional. You own neither a retail or a manufacturing business. You’re a troll in a KZfaq comment section. You’re a nobody. The lockdowns single Handedly causes all of this. The lockdowns closed down small businesses. What happens when your favorite mom and pop store closes? You go to the chain. Cause and effect. And raising interest rates doesn’t help. Nobody looks at credit card interest fees and let’s that determine if they’ll open one. Same applies to cars. The difference of a car interest rate of 5 and 6 percent is so small, nobody would even know the difference, let alone affect their decision making to get that loan. The interest rates are rising because our government needs the money. Period.

@@thegoldentroll since the ‘08 housing crisis thru COVID the government has used EVERY “crisis” to created more easy money for lending along with limiting productivity for “public safety”. I love and follow the Ramsey plan BUT his background is real estate so he does love cheap money.

Took the words right out of my mouth.

Benjamin, you nailed it.

Agreed. We are getting a deflationary collapse (at a time when most people are worried about inflation), which will then cause a counter intervention- that is the one I’m really worried about because it has the potential to kill the dollar.

Home prices are up because of demand, has nothing to do with mortgage rates

​@bigsnacks2350 prices are up because it was almost free to finance it.

Especially money they don't have.

A debt based fiat monetary system needs infinite debt issuance to survive.

That rag hair diversity idiot compared the debt ceiling to paying off your car note. No wicked witch, it is like a poor person buying a Bentley and not a 5 year old Yugo.

It's not the spending.... it is congress passing spending bills.

Dave is a paid shill for the DNC and establishment

What industry(ies) are you referring to?

Excellent point. Dave needs to understand monetary inflation is primarily caused by the government simply creating an enormous amount of money out of thin air to fund their bloated programs. Governments throughout history have always shown their inability to manage the monetary system. We need to remove the control of money from the government. Bitcoin is the answer to this problem.

This video makes it pretty apparent Dave doesn’t look at any data/reports or listens to fomc meetings.

😂

It's now been publicly documented Fauci was lying about EVERYTHING. From the organ of the China Virus, to flip-flopping on masks to shutdowns to funding of NIH with tax dollars to research of Covid.

He has a lot of the blame to carry. Look what he did during the AIDS crisis.

@@The1JBanks " so Dr Fauci" Shut down the economy back in the eighties too""

@@The1JBanks so Dr Fauci ,,,shut down economy back in eighties because of the AIDS crisis,,,,too…

Fauci should have been dropped from a Blackhawk into the center of the Great Pacific Garbage Patch, and left there with a life raft and a lifetime supply of Saltines.

caused by governments printing money

That's the DIRECT cause but there are many indirect causes

@@TheAck201 that too and foreign aid in general

Foreign aid is less than one percent of the US budget, and very little of it is charity. We donate guns and then loan money so people can buy bullets. We build infrastructure that requires long-term contracts with American companies to maintain. We build ports for our cargo ships so that we can sell goods overseas. Foreign relations is a little more complex than your personal checking account.

@@shawnnevalainen1337 Agreed but not the garbage Biden Administration abandoned countless military equipment for the Teliban. Government waste.

​@@shawnnevalainen1337 um no.

Pennies compared to all the covid money, and the printing presses. 100Bn would not even make it wiggle. the trillions spent during lockdowns over the last few years has come home to roost inflation is always delayed. and it is now global as virtually every country did it. Global inflation

Neither does anybody else

Yeah fauci didnt do anything. Lockdown was on the state government not federal. And the whole world shutdown not just the US

The Fed doing anything legal is laughable since the Fed, in and of itself, is illegal.

Thank you! The fed doesn't have other tools it can use. If congress doesn't act to curb inflation, the fed acts reactively where the congress fails to act proactively.

A legal mandate from whom? Not in the constitution

@@forza-kr4bx From Congress. The Federal Reserve act of 1913. Not every law is in the Constitution. Does the Constitution set highway speed limits??

This is a good point! I think nobody took the pandemic seriously because they were handing out money and paying peoples rent and giving out forgivable loans & all that to everybody .. So it was like a free for all!! Also I always told people..”their going to get their money back one way or another”I’m guessing stimulus checks &all that..we’re going to endup paying for it all in the end one way or another.. idont know a lot about financial&politics but this is just my intuition! Maybe I’m wrong 🤷‍♀️

Like china? It's going so well there, right?

He won't.

Very little effect on inflation. More a lagging result

That wouldn't fit the narrative or what seems to be Dave's attempt to replace Tucker Carlson.

But Biden and Fauci something something. I'm waiting for him to bring up Hunter Bidens laptop.

@Gregg Purviance So a 42% increase in corporate profits have no impact? (% increase is 1979-2019 Average vs 2020-2022)

everyone who know the symbol rule of economic should know this and I bet Dave know this too. What he was trying to explain is the root cause of where all this even began, which is the FalseCi. If not because of the closure of business, why there is the need for printing.

He's pointing fingers at the wrong people. He completely skipped over corporate greed in his rant. The far rightwing Koch Brothers, for instance, have posted record profits.

@@AwesomeK285 well sure and I hope he gets that. The problem is, once you know that we printed epic amounts of money, it makes more sense as to why the fed is increasing the interest rate to slow the velocity of money. You don’t have to agree with the feds solution. However, you have to at least recognize this concept.

@@matthewgardner2144 lol gonna talk about corporate greed but then skip the pharma companies to talk about the Koch brothers 🤣

@@TheWealthyIdiots Oh absolutely talk about Big Pharma and for-profit healthcare! It should all be on the table.

1 bloody time!!!! Come on people use your head. It wasn't fuacci. We were in a pandemic. People are so stupid. Dave is just wrong wrong.

Yeah it was a perfect storm because that what happens when the government interferes with the economy and that is why capitalism is better for the economy and comunism is not

@@nikolaig1 Who do you think gain-of-functioned the virus into being in the first place?

Not sure? You can't straight up tell he's gaslighting? The bloke sounded desperate, looks like someone not in total control of his wealth, it's decided by interest rates.

Since most Americans seem to assume that the U.S. equals the world, they ignore the fact that much, if not all of the world, is affected by inflation.

that's true because every government listened to the medical profession

And does he realize the whole world shut down not just the US?? And lockdown was based on the state government? There was never a federal mandated lockdown! Lol repulicans have such short term memory

Do you realize that the US has the number 2 economy in the world and therefore is a driver of world economics?

All of this is INTENTIONAL

Inflation is the only way out for the government.

It’s all intentional

@@midlifecrisis7888 Not just the government, but greedy corporations, scrupulous real estate investors/agents. As well as the Banks! Everybody wants to be rich. Unbelievable what is and has been going on since Covid b.s. The only people who lost anything during covid, was the Blue Collar worker, little guy. All the White Collars, Corporations and banks received PPP aka Stimuls. The only good thing that can come from all of this is a economic crash like 2008 and Y2K. It is what will reset everything back to reality.

​@@midlifecrisis7888 or they can stop freaking wastefully spending

Facts

Biden didn't think so because he kept them shut down.

When they said essential jobs they mean to the functioning of the society at large, obviously on an individual level a persons job is essential to their own livelihood. Society doesn’t collapse because your window is a little bit dirty

@@thorneto2742 We wouldn't be in this mess if Biden wouldn't have kept things shut down and paid people not to work.

A job is only as essential as what someone else is willing to pay for it.

I remember when I was in the military in the 90s, they used to talk about finances. If you put away x amount of money every month are 15% interest rate, you will be a millionaire by the time you retire. I always asked, which bank have 15% interest rate so I can sign up. They would never tell me.

@I am Kesha Banks don't, but you can make almost 10% on investments. I made 7.8% last quarter and it's still rising.

@@jimroscovius gosh that you are doubling your money every year. Lets see 50K then 100K then 200K then 400K then800 K 1.6 mil then 3.2 mil 6.4 mil 12.8 mil 25 mil then 50 mil...1.6 billion in 15 years awesome..Much better returns then Madoff.

@Karl West Nope, won't happen. I didn't say it was 100%. But I may be making 10% for the year. Beats 3%.

Which was caused by ... ?

@@amireallythatgrumpy6508 The printing of money wasn’t caused by Covid. QE began in 2008 when the economy began its long collapse.

You thought wrong. He believes we have it but sitting and whining about it instead of earning money is not productive

That has causes too..

And you're incorrectly assuming they're competent. It's actually both.

No, it's not. I'd rather have a thriving economy. And I don't put all of my money in a bank.

@@jimroscovius Thats why I said for some of us. Good for you though, your opinion is noted.

How is it anything other than transitory (or temporary)?

Great reset aka antichrist beast system

I hope you know whether it is or not is irrelevant.

@Am I really THAT grumpy?? Of course it's being done on purpose. Biden WANTS to ruin the country, or he would be doing the exact opposite of what he's doing.

You crazy conspiracy theorist you.

Wow. You're not a smart person

Banks, hospitals and politicians never seem to run out of your money.

Except you have to pay taxes on inflation. So even if you break even, you still lose. :(

@@thedopplereffect00 , Nah, not me. No breaking even for this guy. I am killin it. But I know not everyone is in the same boat, so I get it.

​@@stevegolacks8731 your money is gonna get wiped out like everyone else..nobody is safe from what's coming

@@daebak7370 Sureeeee lol

@@daebak7370 , Ill take my chances slick. lol

Agreed it’s completely irresponsible. George not even knowing what the current fed funds rate is and then commenting on monetary policy. Most of Dave’s viewers don’t realize his economic opinions are just that, subjective and they are often made in contradiction to the data that they clearly do not digest.

It's disingenuous for Jay Powell to say the economy was strong back in June and trying to case unemployment hurting tye lower class

​@@forza-kr4bx umm... that's Jerome Powell

How did you miss going through the COVID mess? He is talking about Fauci closing down the country causing the mess we are STILL in. Earth to JR.

That’s the thing though. He has since changed his stance on mortgages, down payments, etc because he KNOWS people aren’t in a position to get a 15 fixed with 20% down now. And yet according to him, that was the ONLY smart way to buy a home for years and years. And he won’t admit he is wrong ever. Did the same in 2008 with the housing crisis

@@aaronfriel01 As is everyone, Aaron. Everybody is out of touch with reality in 2023.

You are correct. What he said is wrong, made no sense and was purely talking in his own interests. He's gaslighting because he is angry about the effect of rates on his asset values. He looks stupid and is giving up his integrity.

@@stuartcastle6930 LOL... you didn't listen at all because they said "it may be better for your bank account, but its stupid and BAD for the economy as a whole". They are talking about it from an overall perspective.

@Jackson Trotter A lot of commenters don't really listen to what he is saying. You ate right - their talking about the economy as a whole.

His father loved the 11% interest because he was already in step 7... but most people don't start off there. I think you're conflating his current "baby steps" process to a market that doesn't exist right now. If we existed in a situation where rates were as high as 18%, I don't think Dave would even recommend getting into a mortgage unless you can put more money down or make higher payments towards the principal. Not to mention that credit card debt probably wouldn't be as widespread due to tougher lending standards and higher interest payments. This sounds good in theory but there are Pros and Cons to everything in practice. I personally agree that higher interest rates would be a better outcome as a collective, but it would require a reduction of quality of life for most due to a lack of affordability which would actually hurt the economy. There are a lot of nuances here but my point is being in an 18 percent interest environment would no longer make the "baby steps" process viable. Opinions and systems would shift based on different variables.

Republican president Tricky Dick Nixon took us off the gold standard. Funny how right wingers never mention that. 🤷🏽‍♂️

You misspelled plandemic. 😉

@colnathanrjessup687 It's not happening. I went big in prime location when I bought. And renovated everything exactly how we wanted it. If I'm moving, it won't involve a mortgage it will be paid cash. But yeah, that's funny af about wife...

Same. Saving hundreds more every month just by not paying off my debt. Sorry Dave 😅

He can't say that too loud though because most of that was passed when his party was in office. He even blames "Fauci" but doesn't mention who was at the top for the first year of covid.

go get em brandon. doing great

How could you have done these things? Essential workers didn’t have any choice. And “traveling on really cheap gas” means exposure risk, which defeats the purpose of staying home.

​@@genxx2724 Hindsight shows that people overreacted big time. It was not deadly enough to shut down the economy. A lot of people carried on as usual and got a lot done while others stayed inside their homes and yelled at others on social media for not being as scared as they were told to be.

@@genxx2724 I did not know that a 5 month camping trip with my Jeep and dirt bike in the mountains of Colorado, Utah, Nevada and Montana would put anyone at more "risk." I had to stay at home with my 74 year old mother who now lives with me and put her at risk. Just put your mask back on, please.

Like many of the businesses that did massive stock buybacks including burning through their reserve cash and taking artifically low interest loans under the Trump administration and then turned around and needed to be bailed out as they no longer had the cash on hand to survive storms. You saw the same thing with supply chains where reserves and backups kept getting cut to the bare limits under a just in time model.

​@@rockfish678 Can you hear your own thoughts? Or is Trump just constantly yelling over them in your head?

@@rockfish678 stock buy backs happen quite frequently. The administration doesn’t have anything to do with that. Companies are free to do that whenever they want as long as they submit the public filings with the sec. No companies have needed any bailout besides regional banks. I’d be more concerned about the company leadership teams pumping with their personnel purchasing than stock buy backs. The point is, buy backs and any administration have zero correlation.

@@mattschmitt9924 I'm sending him MY thoughts telepathically.

Pres Trump included Congressional Term Limits in one of his budgets, it was tossed out before any of them would sign. Convention of States is in the works however.

I am convinced that millions of American voters are going to one day show up in DC. And they aren't going to leave until things change. And they aren't going to be very nice about it.

@@pattimartin859 That's what happened January 06, except Americans were very nice. The 5 FBI agents in the crowd wearing Trump gear coaxed the 'nice Americans into a 'guided tour of the Capitol provided by Nancy Pelosi's capitol police unit. Only violence was the unarmed American female veteran murdered by Nancy Pelosi's Capitol police. Propaganda media doesn't want you to know about the real story on that day. It's no different than the past 6 hoaxes and witch hunts against Pres Trump. WE KNOW HE'S OVER THE TARGET BECAUSE HE'S TAKING SO MUCH FLAK.. Wasn't a Trump fan, in fact was a democrat, but looking at both parties today- I feel he's our last chance.