Will Food And Other Prices Keep Going Up? #inflation #deflation #pricerises
NMW 'Approved' Services:
Private 1-on-1 Mentoring With Me: https://bit.ly/3bxv3xN
Join Our Finance Community: https://bit.ly/3pLyw0O
My Other Video Channel (Odysee!): https://bit.ly/3kgx9WZ
Where I Buy Silver/Gold Globally! https://bit.ly/3kbgO61
Where I Buy Silver/Gold in the UK: https://bit.ly/2Mj7zUO
Where I Buy Silver/Gold in the USA: https://bit.ly/3drNR2F
Where I Buy/Trade Crypto in Europe: https://bit.ly/3dCg74r
Where I Buy/Trade Crypto in the USA (1): https://bit.ly/3cHaiAA
Where I Buy/Trade Crypto in the USA (2): https://bit.ly/3hb5Mya
How I Protect My Crypto (Cold Storage): https://bit.ly/3bK8oyL
Get An Encrypted Email for FREE: https://bit.ly/3egCmeP
Open a Roth IRA: https://bit.ly/2NRoldS
Create A Property (or AirBnB) Business in the UK: https://bit.ly/2NNEb9u
How I grew my YouTube channel so FAST! https://bit.ly/2OIZslr
In today’s video, you’re going to learn why food and other prices have gone up so dramatically this year
Then we’ll move into whether these price rises will continue or will they go back to normal
We’ll cover all this, as well as the big question everyone seems to be wrestling with atm: Inflation, Deflation (Steve Van Metre) or did one guest really say hyperinflation when he was interviewed on my channel (Peter Schiff)
So firstly, why did prices across the board go up so much this year?We basically have 3 forces at play here:
1. Central banks but I’ll talk specifically about The Fed, have been buying $120B of assets every month via QE.
2. Supply chain breakdowns as well as natural disasters: We had draughts in some Countries & flooding in others. Certain countries were quicker to act than others buying up as many soybeans and wheat contracts as they could get their hands on for example, meaning that the cheaper crops were gone first, leaving available only the more expensive
3. Most of the things needed to produce ‘stuff’ is going up in price, again due to supply chain shortages, but also due to a lot of the new QE that’s being created all around the World. Staff costs are going up, raw materials are going up, fuel prices are going up, trucking and transportation…
Additionally, the Government stimulus, boosted the demand of all things by consumers, this at a time when we had supply chain issues causing a very simple equation of supply & demand which created transitory affects on inflation specific to those goods and services
The amount of goods and services hasn’t changed, only the flood of money has. So this is bad if you’re on a fixed wage
Without stimulus, so less money in circulation and more supply, prices will have to fall (eventually)
Velocity of money is good for the Government to collect more and more taxes, but it’s bad for inflation, and too fast a velocity, can create hyperinflation
They gave everyone stimulus, and people went out and spent it, but what this really did was create velocity of money in the economy. Pushing up inflation
Inflation then: Inflation is a tax. Inflation is created at the central bank level. It steals from savers and re-distributes the wealth
DISCLAIMER: This video is for entertainment purposes ONLY & designed to help your thinking, not direct it. These videos shall NOT be construed as tax, legal or financial advice and may be outdated or inaccurate; all decisions made as a result of viewing are yours alone.
Sponsorships: Neil McCoy-Ward may earn an affiliate commission or referral bonus from any p
Thanks for listening. For more commentary, join my newsletter!
To Stay In Touch: Click Here To Subscribe To My Newsletter
See you next time!
