Unfortunately, the people who are going to pay the price for the mistakes of this administration, this government and the horrific policy that was adopted in order to fight covet and now to fight inflation will be the people who can afford it. The least it is this of a paradox where the people who can't afford it will be the ones impacted the most. So over the past two years, the government has been telling us that inflation is transitory. They've been saying this for many many many times going on tv going on all these press conferences, basically explaining to us laymen that don't understand economy, don't understand all their fancy calculations, how the inflation is actually going to be at the end of the year three percent Or two and a half percent whatever, and that it's all fleeting and you're just panicking.

It's all fud now fast forward. The year later, jerome powell actually admitted that he up and he got it wrong. So his bonus for up and basically doing a horrible job was to get an extension and get another job. So i don't know in which organization and which company you can make a horrific, catastrophic cataclysmic mistake that basically ruins the whole economy and then have yourself promoted or basically rehired by your boss.

This only works in politics. In fact, i believe it only works in u.s politics, because this is some serious clusterfuckery. Now john paul got rehired and basically now we have janet yellen coming out and saying just a few days ago. Well, you know i got inflation wrong.

I'm sorry, of course she doesn't care she's, rich and she's in their ivory tower. It's a conceptual mistake for her. She doesn't have to worry about gas prices and grocery prices. I mean she's.

A millionaire so is fed chair, john powell, so as everybody in that office that makes all the decisions that impact everyday americans. They don't actually care, it's a number for them, so janet ellen says. Well, you know we got it wrong, but it wasn't our fault. Her apology was so convoluted, so freakishly, uh kind of disrespectful and insulting to my intelligence.

That absolutely blew my mind. So generally erin was saying basically yeah. We get it wrong, but it's only because we couldn't foresee you know the russian ukraine situation, the chinese lockdowns and we absolutely got hit by all of this barrage of things. We couldn't foresee: oh really, okay, so basically she's, saying yeah.

We got it wrong, but it's not our fault and then john paul has a new cushy job and that biden tells us that this is all putin's fault. So you have this clown, show in our politics, basically bringing down the economy and mostly hurting people that can't afford it now the problem with inflation - and this is the part where they're not telling you. The truth is that inflation actually hurts the weakest parts of the population, the most that's the crazy part. This doesn't hurt billionaires as much trust me.

I mean i'm not a billionaire, but it's kind of simple math. If you're a billionaire and as an inflation, you lose 10 of your billionairehood you're, still a billionaire. But if struggling to pay for gas and groceries, then you're pretty much they're, using a method to calculate inflation. Right now and these publicly elected officials who appoint other officials to calculate these things are now saying.

Well, inflation is at eight point six percent. That's really really bad it's four times higher than what we think is normal. What they're not telling you that the real rate inflation is probably in the 15 16 area. How do i know this? Well, because the only thing i really care about with inflation and the only thing real americans every day working hard people.

You know they only care about gas prices and grocery prices i mean most of the stuff i spend my money on is at the store and to put gas in my car. What else do we really spend on electronics? I mean whoever buys electronics now in this climate right, but how often like you buy tv once every couple of years, what furniture i mean this doesn't matter. You can survive without spending on all of this nonsense for a whole year, but you can't not buy groceries and you can't not gas. Your car now you've seen gas prices go through the roof.

I think, like cautious estimate paying now 40 more in the gas pump than i ever did like in the past. I want to say a couple years. Maybe even more depends on the state, but let's say 40 up food prices. I mean i'm gon na be lying.

If i say it's ten percent, it's probably closer to twenty percent, but you know, according to official measuring it's twelve percent. I feel like it's much more but let's say twelve percent, so grocery price is up. 12 gas prices up 40. Now ask yourself the question: who cares about these things? The millionaires? Do they really care? Ah, okay, kind of sucks, but i mean what about the people who actually have to pay the bills and, like you have on your phone, your app you're like? Oh, i have the rent, i have the kindergarten and i have groceries - and i have to put gas in my car to go to my job where i'm getting underpaid over tax and treated like oh, and this should just got like 40 more expensive on the gas And 12 more expensive on food, we absolutely have to make a decision whether to heat our house in the winter or buy food.

I mean this. This is america bro. This shouldn't be happening now. Here's where things go to really dark place, because the policy mistakes that were made on this inflation thing is just kind of mind-boggling to me so and pandemic comes out.

We basically say: well, you know what we're going to print all this money and going to give it away so that we don't have job loss right. People have money, so businesses have revenues because people buy with that money and basically nobody loses their job and initially it worked. Initially everybody got high on the sugar started running around circles. Buying up you couldn't get a ps5, you couldn't get a computer, etc, etc.

Remember that all prices go to zero, like some nonsense now what's happening now, so you just blasted the market with massive supplies of money, which means everybody's running out like this chickens trying to buy stuff, and you did it at the worst possible time, because the supply Of goods is at its lowest in the last 40 years, there's no enough in the market because of pandemics, lockdowns there's just not enough production, so there's fewer goods, more money, more competition for fewer goods drives prices up. So you just essentially created this aggravated version of inflation by giving people insane amounts of money the worst possible time and which there's not enough goods for everybody to buy. So you push inflation up now, guess what happens? The companies that are building in america and are selling in america now don't make as much money, because, if you're a target or walmart all of a sudden you're looking at your balance sheet and you're like oh, we made more money than the previous quarter. Revenues went up, but our margins went down.

Oh wow, how can we make less money if we sell more? This literally goes against everything we understand in business. Well, that's because cost of goods and cost of services and cost of production and cost of operation. Everything goes up in inflation. If cost goes up, energy prices goes up, commodity prices goes up, wages goes up boom.

All of a sudden. Your margins went to what happens: you're less profitable. So if you're less profitable. What's the first thing you do as a business, you fire people.

Yes, that's exactly! What's going on coinbase just announced today, brian elmsberg announced they're firing, like a thousand people, elon musk just announced they're firing 10 of their employees. Non-Production right and there's many more examples. So you start firing people what happens when you start firing people well, the ones that still have a job are basically saying. Well, i'm not going to ask for a raise for a while.

I just want to keep my job, so cost of wages actually goes down because people aren't as likely to move they're more afraid about job security now than ever before, which they were in just a couple months ago. So job loss, job security and all of a sudden this you have two groups of people. They have nots that don't have a job anymore, so they can't spend anything. So revenue goes down in these businesses and then you have the people who still work there but they're like oh i'm, not so sure about my job.

I might lose it tomorrow with the way things are going so they're not spending any money. So revenues go down across the board for all businesses and now guess what revenues goes down margins already and the government made capital expensive by raising interest rates. So these companies can't borrow money so what they do next fire more people, fire more people, more people have no money. Less spending and the vicious cycle starts in which the fed and the government is pushing the economy to its knees, to solve a problem which they have created and the same people who have created the problem, which are now using the wrong solutions to solve.

It. Are the ones who still have a job getting paid from your tax dollars and are the ones who are throwing you the people who can't afford it under the bus to pay for inflation because make no mistakes about it? The hourly employees, the weakest part of the inflation publicity population, will be paying for this because they will be feeling the pain and not only that they're lying to you about the inflation numbers, because they know it's much higher because they don't want to pay benefits below This layer of employees who are getting and absolutely can't afford it, there's a layer of even weaker parts of population, which is the people who live all for social benefits. The widows, the disability and the people who basically live of of money government pays them to survive and not starve to death and those payments which are by the way not that much as you would expect they're indexed to the inflation to the cpi. So if you say that the cpi is eight percent well, you got ta increase the payments by eight percent, but guess what? If the reality is that gas is up? Forty percent food is up twelve percent.

Everything is up way higher than eight percent, so you are currently underpaying these people, which have no other source of income, basically making them a choice, whether they need one meal per day or one meal per 48 hours. Simple as that now i just spat on my computer and i'm sorry, but when i get excited then to do that it is what it is deal with it. So for me, i only want to ask one question: i mean if you have government elected officials right who are making policy mistake after the probably mistake of the policy. Mistake then saying: oh, i'm sorry we're wrong, but you're going to pay for it.

They get re-elected. They get their job back and then they're telling you it's putin's fault, or it's china's fault or whatever and they're, taking zero responsibility for their part in this. Obviously, putin has a part in this. Obviously china has pardoned this for sure, but i mean they have zero.

Countability for their actions, i mean at this point i got ta. Ask you most of a simple question. I mean why should the weakest part of the population that had zero impact on the decision making that you made pay the price? Why don't you raise inflation to its real number? Show us the real number, which is 15 16 pay social benefits. The way you should be to people who can't afford it.

The social benefits aren't going to cause inflation, because the argument will be well well then, if you just flood the market with all this money, inflation is going to go berserk. No, these buyers will bribe. You know these people buy bread and water and milk. This ain't going to cause inflation.

So a few questions you know, i'm just the guy on the internet just posing questions. I, if you have answers in the comment section let me know below, but at this point i'm looking at this administration. Looking at these officials look at this fed and i'm basically saying what the you're all doing. This is just ridiculous.

Hey, let me know below, if you agree with me, disagree with me see you next video.