How to prepare for coming crisis: SECOND CHANCE for your money and life - Kiyosaki. R [book summary]
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- čas přidán 22. 06. 2024
- How to prepare for coming crisis: SECOND CHANCE for your money and life - Kiyosaki. R [book summary]
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![rich Dad Poor Dad - Robert Kiyosaki [FULL SUMMARY]](http://i.ytimg.com/vi/jFNdARDCrKA/mqdefault.jpg)
👉📕 Buy the book here: amzn.to/3Nf5TIf
In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
That's impressive! I could really use the expertise of this manager for my dwindling portfolio. Who’s the professional guiding you?
Natalie Marie Tuttle, advanced lady in her 40s and professional, reserach if you care for supervision.
Impressive, I took a look at your advisr. I set up an appointment. I’m looking forward to her reply, I hope she sees my message.
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
Despite utilizing the correct strategies and possessing the right assets, there can still be variations in the investment returns among different investors. It is important to acknowledge that experience plays a crucial role in investment success. Personally, I realized the significance of this and sought the guidance of a market analyst, which enabled me to substantially grow my account to nearly a million. I strategically withdrew my profits just before the market correction, and now I am taking advantage of the buying opportunities once again.
I am being advised by Stacie Lynn Winson, an experienced financial professional. If you're interested, you can easily find more information about her as she has accumulated years of expertise in the financial market.
Despite utilizing the correct strategies and possessing the right assets, there can still be variations in the investment returns among different investors. It is important to acknowledge that experience plays a crucial role in investment success. Personally, I realized the significance of this and sought the guidance of a market analyst, which enabled me to substantially grow my account to nearly a million. I strategically withdrew my profits just before the market correction, and now I am taking advantage of the buying opportunities once again.
Please can you leave the info of your investment advisor here? I’m in dire need for one
What are the best strategies to protect my portfolio from the economic crisis? I've heard that it will devastate the financial market, so I'm concerned about my $200k stock portfolio.
Amidst crisis, investors need to understand where and how to allocate funds to hedge against downturns and still make profits. if you can't navigate the market you should consult with an expert advisor
The US-Stock Market had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled markets, but there are avenues lurking around if you know where to look I’ve netted over $450k in the past 10months.
I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?
I started out with an FA named *Kaitlin Rose Sternberg* Her honest approach gives me complete ownership and control over my position, and her rates are incredibly affordable given my ROI.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favourable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or markt condition, but such execution are usually carried out by investment experts or advisors with experience since the 08' crash.
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, invt-advisors are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded nearly 300%, summing up to 7-figure as of this month. I am going to sit back and observe how this all plays out because i have my advisor who chooses entry and exit orders.
This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.
My Financial adviser is ‘’Colleen Janie Towe’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.
Well I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
Diversifying your portfolio is crucial. Good stocks are a good starting point, but you should diversify your risk with a variety of assets. Fortunately, I can vouch for the effectiveness of this strategy with the help of expert advice, since my $330,000 portfolio has increased by 25% only this year alone. Maybe thats what you need.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
A good FA is critical for portf0lio diversification. My advisor is 'Vivian Carol Gioia' who can be found readily and has great understanding of the financial markets.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
I recently inherited almost $500k. I REALLY need to make this money work for me, and not just disappear over time. All roads have pointed to the equity market of some sort which is a good idea buh where else should I put money besides the equity/stock market?
Just because there are opportunities in the market does not mean you should dive in headfirst. Always look out for proper market analysis or pointers or alternatively seek guidance from market strategists
A lot of folks downplay the role of advisors until being burnt by their own emotions. I needed a good boost to stay afloat, hence I engaged the services of a true market strategist to help rejuvenate my $800k portfolio and boost performance and returns by 90% in a little over four years.
this is huge! mind if I look up the advisor that guides you please? i only invest in my 401k through my employer for now, but enthused about diversifying my investments for a prosperous financial future
'Monica Selena Park' deserves credit as one of the finest portfolio managers who decides what assets i acquire. Her reputation precedes her, and I highly recommend her on a public post, you can look her up to locate her online if you are internet-savvy
Excellent share, just inputted her full name on my computer and came across her consulting page, top-notch credentials. I've seen commentaries about advisers, but not one looks this phenomenal.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. this year will be a year of severe economic pain all over the nation.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured 30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
Pls who is this Advisor that guides you? I’m in dire need of one
There are a lot of independent advisors you might look into. But i work with “Vivian Carol Gioia” and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
It is always good to have a financial plan. I work with a professional planner and fixed-income strategist in NY. The fixed income portion of your portfolio won't simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income.
Very true, people downplay planners role, until burnt by their mistakes. I remember just after my layoff early 2020 amidst covid outbreak, I needed to stay afloat, hence researched for license-fiduciary advisors. Thankfully, I came across someone of practical knowledge, and decades of experience, I liquidated 200k of 325k from my 401k it has yield nearly 1M after subsequent investments so far.
Having an investment adviser is the best way to go about the market right now especially for near retirees. I've been in touch with Mr Chris Ryan Stewart for a while now mostly because I lack the depth knowledge and mental fortitude to deal with these recurring market conditions.
I'm a long term investor. I withdrew my profits of over £756,000 during the covid-19 pandemic.
I've actually been looking into advisors lately, the news
I've been seeing in the market hasn't been so encouraging. who's the person guiding you?
The adviser I'm in touch with is CHRIS RYAN STEWART. He works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. For me, his strategy works hence my result. He provides entry and exit point for the securities I focus on.
If you are properly prepared and knowledgeable, every crash/collapse/inflation or recession gives an equal market opportunity. I've seen folks amass up to $800,000 throughout crises and even do it with ease in a terrible economy. Without a doubt, someone has become enormously wealthy as a result of the crash.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
"Carol Pasol Lewis" is the advisor that oversees my portfolio. She's been able to gain some reputation and online recognition with over 3 decades in service, so it shouldn't be a hassle to find basic info.
She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.
The recession is here, mortgage rates still on the rise with higher imports and lower exports, yet the Fed is to lessen cost. Where do investors look at now for wealth gains? something will eventually break if they keep raising interests and quantitative tightening.
IMO, when we go into recession, tech and defense will do good as a sector considering what's going on in the world but always do your own research, or speak to a valid advisor before investing your money
@@valentinaarrelaroAgreed, I've always delegated my excesses to a professional, ever since suffering major portfolio steep-down amid rona-outbreak in late 2019. As of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments, and only work 7.5 hours a week.
@Johnny-se8hk > Julie Anne Hippe is the advisor that oversees my portfolio, she's an extremely intelligent person, very thoughtful, cautious, and has a great deal of expertise, it's easy to find her on the internet.
The only thing you can do is make sure you're ready and plan accordingly because recessions are a natural part of the economic cycle. I began my career during a recession (2009). Aerial acrobatics on cruise ships was my first job out of college. I've developed my own business, am a vice president at a large corporation, own three rental homes, invest in stocks and businesses, and have seen a growth in my net worth of two million dollars over the past four years.
Let's face it, increasing stock and index fund purchases during downturns and bear markets is unnerving. Which makes it very difficult for most people, like me, to do. It's challenging to incur the risk of investing the one million dollars that I have in an S&S.
You are quite correct; they can have a significant impact on a person's portfolio. My first financial advisor for trusts was Camille Alicia Garcia. Her work ethic is acceptable according to the US Investment Act of 1940, and she is verifiable. Her open-book approach lets me completely own and control my portfolio while maintaining very low costs in comparison to the returns on my investment.
*@kristenpierce8661* I've wanted to start investing for a few months, but haven't had the courage to do so because the market has been down for the majority of this year. Please provide additional information about her offerings and how I may feel confident in her skills.
She covers a wide range of subjects, including insurance, retirement planning, investing, and coming up with methods to reduce investment risk volatility. You may look up her full name on the internet. She is popular. Therefore, locating her official website shouldn't be too difficult.
Thanks, I just Googled Camille and was quite impressed with her credentials; I got in touch with her because I need all the help I can get. I just set up a phone call.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
@@Jadechurch-ql3do impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
I'm being guided by “Leila Simoes Pinto’’ who is widely recognized for her competence and expertise in the financial market. She has a thorough understanding of portfolio diversification and is regarded as an authority in this field.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Have you guys been following the news about the stock market lately? My stock portfolio has taken quite a hit, I have lost almost $150K in my stock portfolio. It's been quite a rollercoaster ride.
Well, it's hard to say for sure, but there are a few factors at play. Inflation is rising, and the Fed is considering raising interest rates. That can put downward pressure on stocks.
When it comes to investing, the stock market can be a fantastic opportunity, but it is not without risk. My advisor thought me Diversification is essential to balance possible rewards and risk, to consider a combination of stocks, bonds, and other assets. It's a good idea to consult with a financial advisor who can help tailor your financial plan to your specific goals and circumstances
I get it, but I'm concerned about risk. What if I lose my savings in the market? Please who is this advisor that guides you?
I take guidance from ’NICOLE DESIREE Simon’ a well qualified California-based fiscal counselor with over a decade of experience, luckily her profile is widely visible on the internet, you should simply research.
Thank you for this tip , I must say, Monica appears to be quite knowledgeable. After coming across her web page, I went through her resume and I must say, it was quite impressive. I reached out and scheduled a call
I think the thumbnail years are a bit out of order on the chart
One of the best videos, I have ever seen in a long long time, I intend to show it to my students and have them discuss this lifestyle change
I am truly impressed by the video you shared and I want to express my gratitude for breaking it down into digestible pieces. Even though the current economic climate is facing a downturn, I am ecstatic to share that I have been experiencing significant financial gains. To be more specific, my initial investment of $9,000 has resulted in returns of $60,000 every 21 days. This news brings me immense joy and I am grateful for the opportunity to share it with you.😊
This must be an investment with *Ms* lauren
Wow I'm just shocked you mentioned expert Lauren thought I'm the only one trading with her
How to start? How much money needed?
I use a trading platform with help from Mrs. Lauren, my long-time professional assistant, and have profited greatly from her trading strategies.
How did you make so much in the crypto market? I've heard about Mrs. Lauren's genius mind.
I haven't watched the video yet, but I just wanted to point out the funny thumbnail: the graph jumps from 1934 to 1936 back to 1929, and then to 2008. haha!😁 But anyway, I love your content, and thanks for this, and so much other priceless advice!
I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.
I can’t focus on the long run when I should be retiring in 3years, you see I’ve got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/unstable market doesn’t provide any calculated risk opportunities to make profit?
There are a lot of strategies to make tongue wetting profit especially in a down market, but such sophisticated trades can only be carried out by proper market experts
I agree, my profit has been consistent no matter the market situation, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a subreddit, long story short, its been 2years now and I’ve gained over $850k following guidance from my investment adviser.
I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you
Definitely! All of this happened in less than a year after Catherine Morrison Evans told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.
You are teaching great lessons. Keep it up
This is one the best videos on the subject I've seen, and I've seen a lot. You've explained it with simplicity and clarity. Thank you and keep going!
Ironically priceless information. Thank you so very much. Best wishes to all. We can do this. 🤙
Very Informative 🙏
Thank you ❤ & Liked 🎉
Thanks
Amazing video, keep up the fantastic job, very educational and informative. New Subscriber.
Hey I am from India and I Truly Loved your research work. I promise to educate more and More people about the Global monetary system and inspire them to become an entrepreneur. God Bless you !!
Great video! I've been teaching both my girls this side of the equation for years. I served in the military and owned two businesses which I grew from the ground up. I'm now retired and living in Thailand and enjoying my modest reoccurring income. I can't tell you the challenges I've had to face with my girls in public school and teaching a viewpoint from a perspective of doing it yourself. Thank you for the message and I hope that your channel grows, you provide a lot of great information.
Excellent video !
Also the biblie predicts that people will throw the money in the streets because it has no value , so it will happen
Diversifying into crypto proves crucial for financial growth amid economic decline. The crypto market offers an alternative avenue for investment, often demonstrating resilience during economic downturns. Thanks to Cheryl Atonal for her insightful guidance in navigating the crypto field, contributing significantly to my financial stability and growth.
Finding her name here is unexpected. As a beginner, she guided me, teaching essential trading principles and sharing her daily strategies. Her courses are excellent, and I'm now earning daily in cryptotrading , thanks to her.
I just looked up her name on Google and saw her impressive result. I will write her an e-mail shortly.
Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary.
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you to earn more
investing through the assistance of a mentor/coach can be really advantageous when outperforming the market, I personally got in touch with Cheryl last year, and through her supervision, I was able to get into the right assets and raised $827K from late January till now
Great content
INTERESTING!
Powerful inspiration
Thanks my Dear❤❤
thanks a lot for it !...
her voice is so amazing
Awesome video!
Thank u
Other than you don't know how to spell Philippines correctly, this was a great video.
Every year kiosaki predicts that there will be a financial crisis, 😂
Well the good thing about printing money is that your debts get devalued as well. You can use that to your advantage.
its not about money.. it's about having what you need given to you immediately when the crisis hits. not several years ahead of time immediately following another crisis that the resources came too late to be of any use to you during.
Governments , at least in Western Europe have good instruments to combat a potential decline of the economy. For example in Holland , the Dutch government put a standard price of gas and electricity for the first 1200m³ gas and first 2900 kwH electricity ending 1 Jan 2024. This was because of the Ukrainian war surge of prices... Also think about the increase of the economy after Corona, the Federal Bank increased interest rates, to cool off the economy
did you change the mic? voice sounds different..
Skoro miniatura filmu specjalnie wprowadza w błąd że rok 1929 był pomiędzy 1936 a 2008 to informacje w filmie zapewne też są zakłamane i wprowadzają w błąd.
What will be the after effects of borrowing money from outside country
Next learning VIDEO Topic Recommendation
-Deep Work
"Kiyosaki's insights are like a compass in uncertain times. Taking a second chance with your money and life can be your best decision! 🚀💡
10+
Mariamma vs entire stock market vs irulai paruthundhi blood
To be fair, a lot of what’s said is half true but not 100%. For example, a reason you invest in stocks is to beat the inflation rate. It may not be as profitable as real estate with supply and demand changing the landscape every day until we hit carrying capacity of earth, but it’s definitely not risky to invest in index funds compared to bonds. Bonds you are guaranteed to lose money from inflation vs index funds you may gain 30% or lose 10% in a year but over a 20 year span history shows you never lose.
Now if you invest in single stocks or crypto, that’s more like a casino where you could lose it all.
To say true wealth is to be on the right side is also kind of factual kind of not. Wealth is never fully obtained and is different to everyone.
Maybe it’s next part of our evolution- own nothing and be happy
You learn about Bitcoin and how it fixes all of this
Is it revolution time yet
Filipins - Philippines
The basic monetary lessons are important.
The alarmist tone is overblown, IMO!
15:15 But Entrepreneurs need workers. The workers build the economy, the entrepeneur just exploit their workers which is happening everywhere. They minimize their workers' pay while anticipating maximum effort. Ironically, these entrepreneurs often pay themselves as much as possible and, in some cases, engage in wage theft as if it was normal. This is ethically unjust and morally wrong. The principle of rewarding greater effort with greater compensation aligns with nature and is morally correct. Sadly the world seems to have turned this principle upside down. If everyone in this world wanted to be entrepeneurs, then nothing will be achieved because there will be no workers. You make it sound that entrepeneurs have the impact on the world. But no, it is the workers. Just as a person who literaly plants the seed to grow a tree, not the one who yells to that person to plant a tree for him. The yeller doesn't have to know how to do it and neither will he, but it is the one who is about to plant the tree.
Mrs Anna the bitcoin trader is legit and her method works like magic I keep on earning every single week with her new strategy
Wow I' m just shock someone mentioned expert Mrs Anna I thought I'm the only one trading with her
She helped me recover what I lost trying to trade my self
She's really amazing with her skills. She changed my 0.5btc to 2.1btc
I still wonder how she gets her analysis, I got profit of $28, 609 with a capital of $4000 in 16 days of trading with her
she's active on What's APK👎🏿
It’s spelled PHILIPPINES… not Filipins. Please correct. Otherwise, great content
pls correct the spelling of Philppines (not Filipins)
Some of Rob says is BS . I mean the stock market may be rigged(it is) but we couldn’t honestly say that it has made Zero people richer. That’s brokers and Investors/trader/speculators
9:07 Which is precisely why they can print so much money with it resulting in hyper inflation. Yes some inflation will occur, but it won't collapse the society that controls the majority of the worlds money flow.
9:48 The value of the dollar in 1918 is completely irrelevant to people alive today. Was society in 1918 some eutopia where everyone was rich despite the dollar being worth 20 times the amount it is today? Hardily.
Chinees? :). AI is not I enough.
History repeats itself or maybe it's at resistance/support?
Chinese was spelled incorrectly
It says “chinees” 🤭
Please change the spelling of The Philippines.
It appears to me that you introduced your personal bias, interpretation, and notion to some of the books you read. This poses a risk from all sides. Please refrain from doing that and try to be as objective as you can. We appreciate you saving us time by giving us a quick overview of the book and its contents, but if you changed the material or deceived the listener, you not only betrayed the writer (though I'm not sure you had permission to do so), but you also led the listener astray.
5:00 - you spelt chinese wrong lol
2008 crisis from kiyosaki prediction? Hoe about Michael Burry? Do research 😅
Am I the only one who couldn’t get past the thumbnail dates in incorrect chronological order?
I don’t want to make CZcams videos to make money I want to make people happy. My biggest goal is to be a CZcamsr and you help Ty 🥰🥰
Chinees
FILIPINS???
The words are automated similar to voice text on a cellphone but sometimes the spelling is not correct. She should edit the content if possible before releasing the video.
Find a way to make more money as well as make money work for you.
Video was great until she mentioned “but who am I to tell you what to do, you can just go be fat and lazy and in debt the rest of your life.” Isn’t the whole reason we’re watching this to get information and create better lives? That was rude
Henry Ford wasn't exactly book smart.
The bots in the comments are out of control. Miss wendy fucking Lu financial guro haha 😂
Im confused with the author, first he proved the all world Super powers has a terrible economic structure thats why they r deemed to fail in the long run including the present super power the US , im from a third world country and probably i am dumbed coz i dont really understand English perfectly, but the more i research other economic structure like Chinese communist, Russian socialist, North Korea's dictatorship or even Muslims terrorist group who successfully occupying countries, i dont see any other better alternative , maybe im wrong , i hope not 😂😂😂
I think she gave way to much credit to Robert Kiyosaki, here is someone who scammed so many people out of his real estate programs in the past & has been wrong for years on the rise of gold prices.
Filipins? Lol. Maybe check how to spell words you're not sure of spelling
Another person making videos with no basic understanding of the subject matter. Money is simply a debt. That is why inflation doesnt hurt anyone with debt. It just makes their debt smaller. It is a lie when you are told in school that 'more money in circulation makes things more expensive....and that's why we cant increase wages, cause too much money makes more demand and that's what will make things more expensive.....you having more money....so you will have to stay poor...sorry'.
Its bullshit, isnt it.
Inflation is simply a choice by a commodity owning and controlling class of people to own more of the debt in the economic system.
Your wages in the US have stagnated in the last 30 years if you are middle class. On average you earn less money for more hours worked. There is no shortage of food in your country either.......so why are basic food items getting more and more expensive? Well it cant be your wages causing food inflation, can it? No it cant..
Breton woods...yadiya...you dont understand the gold standard either. Like the money system now, the gold standard was based on trust and confidence. There was NEVER a time when the money in circulation directly reflected the amount of gold available. The debate at Breton woods was simply about how much gold does a central reserve need to hold to make the idea of a gold standard credible .....and some amongst those gathered there simply argued....it doesnt matter, it never has. Cause the powerful people who have the most wealth, who will be re building the worlds economy, already know the gold standard is a flimsy fiction. The economic power a country has is directly connected to how much wealth and resources it can extract from other places, not how much gold it has sitting in a vault.
And if you are having trouble getting your head around this, think about it this way. Even in the times when there was meant to be a Gold standard, currency and gold exchanges traded separately.....i.e. with separate valuations.......so how did that work then?.
Read a bit more before acting like you know what you are talking about.