Holy Sh*t!! Is INFLATION About To Explode Higher?

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  • čas přidán 7. 09. 2024
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Komentáře • 695

  • @Susanhartman.
    @Susanhartman. Před 6 měsíci +86

    Right now, we stand at a crossroad of possibilities in the market where the boundaries on what we can achieve is not just dictated by the Fed, or the world around us(war, inflation). There's always going to be recession for some people while others amass wealth, think about it.

    • @ThomasChai05
      @ThomasChai05 Před 6 měsíci +5

      I think this is a time where financial advisors may come in handy for everyone, not just newbies

    • @mariaguerrero08
      @mariaguerrero08 Před 6 měsíci +4

      IMO, financial advisors are the most sought-after professionals after doctors. My portfolio is well-matched for every market season and just yielded 85% from early last year to date. I and my advisor are working on a 7 figure ballpark goal, tho this could take another year.

    • @mikegarvey17
      @mikegarvey17 Před 6 měsíci +4

      @@mariaguerrero08Mind if I ask you to point at how to reach this particular person assisting you? Seems you've figured it all out unlike the rest of us.

    • @mariaguerrero08
      @mariaguerrero08 Před 6 měsíci +3

      *Gertrude Margaret Quinto* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

    • @diane.moore-
      @diane.moore- Před 6 měsíci +1

      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

  • @kzen848
    @kzen848 Před 6 měsíci +224

    My groceries have actually lowered... after subbing broccoli for prime rib, water for champagne, and rice cakes for red velvet.

    • @Felale
      @Felale Před 6 měsíci +19

      Broccoli isn’t even food 💀

    • @kqh123
      @kqh123 Před 6 měsíci +20

      That's funny. What's next, dog food for sirloin steak?

    • @kzen848
      @kzen848 Před 6 měsíci +11

      ​@kqh123 dog food is a delicacy in this rough and tumble economy

    • @lizzyworld007
      @lizzyworld007 Před 6 měsíci +2

      😂

    • @lizzyworld007
      @lizzyworld007 Před 6 měsíci

      ​@😂kqh123

  • @lawerencemiller9720
    @lawerencemiller9720 Před 6 měsíci +96

    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.

    • @alexyoung3126
      @alexyoung3126 Před 6 měsíci +3

      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.

    • @johnlennon232
      @johnlennon232 Před 6 měsíci +1

      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.

    • @lawerencemiller9720
      @lawerencemiller9720 Před 6 měsíci +2

      This sounds interesting. My portfolio is in the red. Can you recommend your analyst, please?

    • @johnlennon232
      @johnlennon232 Před 6 měsíci +4

      Lisa Angelique Abel is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

    • @lawerencemiller9720
      @lawerencemiller9720 Před 6 měsíci +1

      Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

  • @engr.renatosegovia867
    @engr.renatosegovia867 Před 6 měsíci +66

    George you're more than capable of explaining a complicated subject of economics than any person that has PhD in Econ., whereas, even a 7 y/o can understand. Thank you very much.

    • @GeorgeGammon
      @GeorgeGammon  Před 6 měsíci +22

      Thank you. Sincerely appreciate the kind words and the time you take out of your schedule to watch.

    • @garypierce7380
      @garypierce7380 Před 6 měsíci

      We can safely conclude that the Biden handlers are lying about real inflation.

    • @rjam7760
      @rjam7760 Před 6 měsíci +7

      ​@@GeorgeGammonThe fact that Tucker Carlson revealed that in Russia, you'll only spend $100 Dollars for a week's worth of Groceries despite 2yrs of crippling sanctions...

    • @JL-kv2le
      @JL-kv2le Před 6 měsíci +2

      Thanks for being a realist George in this age of deception. We all know we're headed for big, big trouble.

  • @russelbrown6275
    @russelbrown6275 Před 6 měsíci +26

    No imagine being on Social Security Disability and only getting a 3.2% increase while inflation is up 20%

    • @justinsmith9851
      @justinsmith9851 Před 6 měsíci

      Well most workers are doing good to get that while I pay out my ass to pay the boomers social security. I shouldn’t be forced to pay into a program I may not even get to use. Furthermore the government bankrupted social security and now todays youth are paying the older generations SS checks. The government is constantly borrowing from the future

    • @Diesel0807
      @Diesel0807 Před 6 měsíci

      And your landlord doubles your rent just because they want all your money

  • @davidadkison9098
    @davidadkison9098 Před 6 měsíci +94

    No nation has ever survived government over spending ever.

  • @Eric_moore484
    @Eric_moore484 Před 6 měsíci +14

    Inflation has a more immediate impact on people's lives compared to a downturn in the stock or housing market, as it directly increases the cost of living. It's understandable that there is currently a high level of negative market sentiment. In such an economy, assistance is crucial for survival.

    • @Mathew-zs3nz
      @Mathew-zs3nz Před 6 měsíci +5

      I feel like I could benefit greatly from additional guidance to navigate the market. It's all quite overwhelming for me at the moment. I've already liquidated most of my assets, and I'm in need of advice on the best investment options moving forward.

    • @Jasonshelton-
      @Jasonshelton- Před 6 měsíci +4

      While the economy has shown resilience, the SVB incident underscores the ongoing influence of Fed rate hikes. During such periods, it's crucial for investors to stay alert to the next potential development. While it's not necessary to act on every prediction, I recommend engaging a financial advisor for guidance. This has been my strategy for some time now.

    • @Agatha.wayne0
      @Agatha.wayne0 Před 6 měsíci +5

      please who is the consultant that assists you with your investment and if you don't mind, how do I get in touch with them?

  • @lucashood9265
    @lucashood9265 Před 6 měsíci +13

    I live in a ski zone. I know a few restaurant owners. They say business has declined and people are sharing meals more rather then ordering two. Always the first sign of things going bad.

    • @TheLakeshowtime
      @TheLakeshowtime Před 6 měsíci

      Where is that.

    • @lucashood9265
      @lucashood9265 Před 6 měsíci

      @@TheLakeshowtime Sunday river maine

    • @islandaerial3414
      @islandaerial3414 Před 6 měsíci

      I lived in the Canadian Rockies for a long time. I can't even fathom weekend there now

  • @bruceposch1449
    @bruceposch1449 Před 6 měsíci +30

    car insurance is skyrocketing to pay for the increased price of cars when they are damaged. The New EVs cost huge to replace the batteries when they just get a little bump.
    Even if you don't have an EV, your insurance goes up to pay for the other guy's.

    • @HermanWillems
      @HermanWillems Před 6 měsíci

      Why not in Europe. I still pay the same insurance as years ago. lol U muricans are weird.

    • @MagicSwizzle
      @MagicSwizzle Před 6 měsíci +2

      Don’t forget home insurance. Our home owners policy goes up at least $100 every year.

    • @lankyrob6369
      @lankyrob6369 Před 6 měsíci +3

      ​@@MagicSwizzleprobably because of the increased likelihood of burning down the house down from evs

    • @BBaldwin
      @BBaldwin Před 6 měsíci +3

      All of these problems are man-made, and can be laid at the feet of government!

    • @islandaerial3414
      @islandaerial3414 Před 6 měsíci +1

      Ironically, you don't even have to have insurance or, a DL to use Public Roads

  • @cheaplaughkennedy2318
    @cheaplaughkennedy2318 Před 6 měsíci +69

    Consequences of a dying currency, will continue to worsen exponentially

    • @grugnotice7746
      @grugnotice7746 Před 6 měsíci +16

      @@These-times-are-awesome You're a sitting duck. Desperate government will try to blame landlords for rising rents and impose rent controls.

    • @pedros1
      @pedros1 Před 6 měsíci +1

      Thank God that you are not in Argentina and Venezuela.

    • @borisdodgingbullets
      @borisdodgingbullets Před 6 měsíci +5

      Which are the consequences of constant deficit spending, exponential growth in the federal debt, and the monetization of it. Throw in the supply disruptions around the Red Sea and we’ve got the continued logarithmic decline of the USD. Awful for consumers! Great for asset owners!

    • @cheaplaughkennedy2318
      @cheaplaughkennedy2318 Před 6 měsíci +1

      @@pedros1 true, I’ve heard news from time to time on that.

    • @cheaplaughkennedy2318
      @cheaplaughkennedy2318 Před 6 měsíci +2

      @@borisdodgingbullets I agree

  • @CV-nn7jj
    @CV-nn7jj Před 6 měsíci +32

    Also employees expect you to tip for everything. I usually pick up restaurant food as opposed to dining in to save on the tips. Workers have been giving me a look for not tipping for picking up my food. Or not tip when I’m just buying cupcakes. I only tip taxi drivers and servers at restaurants, that’s it.

    • @bonnieupton4114
      @bonnieupton4114 Před 6 měsíci

      No more than 10%

    • @claytonmatt4334
      @claytonmatt4334 Před 6 měsíci

      Tip your servers and taxi/uber drivers well. Tell everyone else to gfy. PS I tip hotel room cleaners too but you have to be careful because the managers go room to room before the cleaners sometimes and steal the tips.

    • @UraniumFever88
      @UraniumFever88 Před 6 měsíci +1

      don't forget to round up your purchase while working at the store doing self checkout. charity shame!

  • @johnquickheads6711
    @johnquickheads6711 Před 6 měsíci +17

    In “food at home” inflation, George forgot to show us that cricket burgers are down 50% in price… so there’s nothing to worry about!

    • @kimberleywarren8679
      @kimberleywarren8679 Před 6 měsíci +2

      I laughed out loud at your comment. Thanks I needed that! Cricket burgers...classic.

  • @jwdory
    @jwdory Před 6 měsíci +35

    Inflation usually comes in waves and we are at the beginning of wave two.

    • @pedros1
      @pedros1 Před 6 měsíci +3

      Because they gave $$$ to Open AI and Nvidia guys 😅

    • @jordyhumby
      @jordyhumby Před 6 měsíci

      Thats interesting maybe thats how it eats our money away to pay for the gov spending

    • @commonsenseisntcommon1776
      @commonsenseisntcommon1776 Před 6 měsíci

      It comes when Demorats steal elections and fk up the Country!

    • @davidadkison9098
      @davidadkison9098 Před 6 měsíci

      So what's it's name. This first wave was joe camel. Second wave is it LA Venezuela

  • @generaldisarray6488
    @generaldisarray6488 Před 6 měsíci +22

    I’m getting real sick of the government gaslighting me….

  • @unmanifest6288
    @unmanifest6288 Před 6 měsíci +60

    Whenever I want to sober up, I watch a gammon video.

    • @anjuladudhoria6447
      @anjuladudhoria6447 Před 6 měsíci +4

      When I got a million with her I got my own house and able to afford quality education for my kids. That’s been my biggest dream.

    • @davidthompson9926
      @davidthompson9926 Před 6 měsíci +3

      Such information we don't it get from most CZcamsrs, I am getting in touch with her right away

    • @kylepeter3370
      @kylepeter3370 Před 6 měsíci +2

      good reputation don’t lie makes me 120k weekly I’m so happy and I support the work of God now.

    • @annelove3626
      @annelove3626 Před 6 měsíci +2

      I’ve been holding shiba but it seems not impressing thanks for the info I’ll reach out to her and start trading.Appreciate

    • @kourtneyrice8667
      @kourtneyrice8667 Před 6 měsíci +1

      According to (Luke 12:21;) it’s possible to wisely save and invest for the future while also being “rich toward God”

  • @ryang6222
    @ryang6222 Před 6 měsíci +12

    We are in Weimar and don't even realize it yet. Someone has to fall to keep the rest of the world propped up.

  • @damon123jones
    @damon123jones Před 6 měsíci +14

    $25 for a haircut here in Canada...ground beef is $10 per pound, milk is $7 per qt, eggs 9 a dozzen

    • @bonnieupton4114
      @bonnieupton4114 Před 6 měsíci +3

      😮 what! ? Holy shit

    • @killjoyredux8361
      @killjoyredux8361 Před 6 měsíci +2

      Same in NZ. Though a haircut is honestly about $40 for a basic fade.

    • @kengaroo5170
      @kengaroo5170 Před 6 měsíci +1

      That's way more than the USA.

    • @Tie509
      @Tie509 Před 6 měsíci +4

      A Hamburger at Five Guys after tax is $16. Just the burger.

    • @Landmeinz
      @Landmeinz Před 6 měsíci +3

      The place i’ve been going to get my hair cut here in the US has gone from:
      $28 in 2018
      $32 in 2021
      $37 in 2024

  • @Tonehawkdawg
    @Tonehawkdawg Před 6 měsíci +6

    Look how big the Top Ramen section is getting at every Walmart or grocery store. It has tripled in size, and they still sell out of almost the entire section before they have time to re-stock.

  • @williammcdowell3718
    @williammcdowell3718 Před 6 měsíci +52

    When George Gammon post videos on back to back days you know the world economic downfall is imminent.

    • @UnderTheRadar-cc7we
      @UnderTheRadar-cc7we Před 6 měsíci +5

      He's been calling for a crash since 2022, got it and wasnot content with 20% down and technical recession... Bears like him will be wrong for years, get a quick correction like covid and then say they called it. He's only hurting long term investors scaring them in the short run from investing... sad.

    • @shuikai272
      @shuikai272 Před 6 měsíci

      To be fair, the value of the S&P 500 still hasn't returned to pre 2022 levels lol. Pretty unusual isn't it?@@UnderTheRadar-cc7we

    • @ajr993
      @ajr993 Před 6 měsíci +3

      He's been saying its imminent for years now. He's a broken clock that somehow skips over the right time just to be wrong again.
      I mean at 4:35 you can see how George just got something very basic totally wrong. They're showing the worst offernders in these categories ordered from the worst to the less worse items. Its a weighted average too. George really thinks they just F'd up the math here and got 1.2% from a bunch of higher numbers? NO, FALSE! Its possible some items on the full ordered list were actually NEGATIVE and dropped in price.
      This is just basic confusion and inability to read some simple statistics. Maybe if George was lacking sleep or feeling under the weather this could be excusable, but either way this was just embarassing

    • @russelbrown6275
      @russelbrown6275 Před 6 měsíci +2

      @@UnderTheRadar-cc7weyou are delusional

    • @trappart9209
      @trappart9209 Před 6 měsíci

      ​@@ajr993in my perception he meant that some important things from CPI are high while average CPI is not as high and hence why he called it CPLie 🤔

  • @brianr2358
    @brianr2358 Před 6 měsíci +19

    They can't let the CPI number have a 2 handle. The market would freak out!
    Also they can't let the CPI hit a 4 handle, because the market would freak out!
    The FED is now trapped in a hole of their own making.

  • @sommersalt88
    @sommersalt88 Před 6 měsíci +131

    I recently sold off a good portion stock holdings totaling about $400k, with roughly half of them being tech stocks at their peak. If inflation is a possibility, should I buy ETFs or hold out for a market correction?

    • @gagnepaingilly
      @gagnepaingilly Před 6 měsíci +1

      In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.

    • @84gaynor
      @84gaynor Před 6 měsíci +1

      Don’t come to CZcams looking for CZcams advise, instead contact a fiduciary for proper guidance.

    • @velayuthman
      @velayuthman Před 6 měsíci

      Same, I just use CZcams for research purposes, I run all my major investment through an investment adviser, the market is just too unstable to handle things on your own.

    • @Shultz4334
      @Shultz4334 Před 6 měsíci

      How do I reach out to a financial advisor, my portfolio has been struggling since 2022 and I’ve been holding on by the skin of my teeth.

    • @velayuthman
      @velayuthman Před 6 měsíci +1

      Jessica Annabelle Rupp is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment

  • @phildurre9492
    @phildurre9492 Před 6 měsíci +4

    its absolutely crazy how much stuff the general public is lied about…

  • @keithlanter883
    @keithlanter883 Před 6 měsíci +91

    Add millions of illegals with multi billions of free tax payer dollars to an already stresses supply chain. What could go wrong?

    • @commonsenseisntcommon1776
      @commonsenseisntcommon1776 Před 6 měsíci +3

      FJB!

    • @BruceLee-bd4pr
      @BruceLee-bd4pr Před 6 měsíci

      Stupid policy 🙄

    • @DrakeDealer
      @DrakeDealer Před 6 měsíci +5

      Brother in Christ illegals pay more in taxes than they receive. You can’t apply for benefits as an illegal. Unless you’re referring to legal asylum seekers?

    • @paulkuzia9236
      @paulkuzia9236 Před 6 měsíci

      Most legal Americans pay less in taxes than they receive in benefits. This is why the socialists are in power.@@DrakeDealer

    • @miphisto56
      @miphisto56 Před 6 měsíci

      ​@@DrakeDealerhe thinks that the asylum seekers dont have to apply for work visas , also i bet he doesnt know the stat of how many asylum seekers are sent back... ill give ahint its over 80 %

  • @billcarney829
    @billcarney829 Před 6 měsíci +5

    Even if prices have not been Going up considerably in the past few months one must not forget that many people are Struggling to pay the higher prices we have had since before Covid. if for example, your rent is $500 a month more than what you were paying before Covid and it has not gone up in the past six months or year that does not mean that you are still not struggling.

  • @roddywoods8130
    @roddywoods8130 Před 6 měsíci +109

    Concerns about a potential recession and the Fed's talk of interest rate hikes have left me uneasy. I'm unsure about my $440K portfolio strategy, considering the uncertainty of a recession and the possibility that interest rates may not rise significantly

    • @selenajack2036
      @selenajack2036 Před 6 měsíci +2

      I completely understand your concerns. But In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.

    • @hushbash2989
      @hushbash2989 Před 6 měsíci +2

      I agree. This is why having the right plan is invaluable, my $210k portfolio is well-matched for every season of the market and recently hit 40% rise from early last year. I and my CFP are working on a more figures ballpark goal this 2024

    • @kaylawood9053
      @kaylawood9053 Před 6 měsíci +3

      Pls can you recommend this particular coach you using their service?

    • @hushbash2989
      @hushbash2989 Před 6 měsíci +2

      She's “MARISOL CORDOVA”. Also maintains an online presence. Just make a simple search for her name online.

    • @bsetdays6784
      @bsetdays6784 Před 6 měsíci +2

      Thanks for this. Found her and looked through her credentials before contacting her. Once again many thanks.

  • @davidlindburg1921
    @davidlindburg1921 Před 6 měsíci +3

    Price inflation, persistently high rents, wage stagnation, outlook grim - consistent with what others are reporting, tough times now, likely headed worse, great job George!

  • @whollybraille7043
    @whollybraille7043 Před 6 měsíci +5

    I've been wondering how it is I'm doing so well on a mere Social Security income. It don't eat any of the junk that keeps going up in price. Eat healthy, folks. It makes a difference. Eat at home, avoid chemicals and worrying about the people preparing your meals.

  • @robryan751
    @robryan751 Před 6 měsíci +21

    Look at the commodity markets. Orange juice, cacao, feeder cattle, and more are at all-time highs.

    • @brawndothethirstmutilator9848
      @brawndothethirstmutilator9848 Před 6 měsíci

      Makes sense. We’re in a secular commodity bull market.

    • @wardlaw10101010
      @wardlaw10101010 Před 6 měsíci

      farm commodities such as grains are well below pandemic prices however Inputs to grow them are up 100%. Farm bankruptcy will sky rocket in 2024 in US

    • @decimgames2163
      @decimgames2163 Před 6 měsíci

      @@wardlaw10101010 And Bill Gates will buy the land from them!! Sad.

    • @islandaerial3414
      @islandaerial3414 Před 6 měsíci

      How about that Silver 'commodity'?

  • @light1908
    @light1908 Před 6 měsíci +6

    “How to lie with statistics” is the BLS’s favorite book!

  • @flyingtigers3747
    @flyingtigers3747 Před 6 měsíci +12

    George, please address inflation by *_shrinkflation._* This is when you go buy a box of cookies that _was_ $4 for a 12oz box is now $4 per 9oz box. *Inflation by stealth... It's happening across the board. "SAME PRICE...SAME GREAT TASTE!"*

  • @matthewthurn
    @matthewthurn Před 6 měsíci +20

    Yes! You should listen to Peter Schiff!

    • @jayc4715
      @jayc4715 Před 6 měsíci

      Peter shit is a full time gloom n doomer

    • @bobgriffith1810
      @bobgriffith1810 Před 6 měsíci +1

      Why,, he’s been a raving any day now crash expert since 2012

  • @BangMaster96
    @BangMaster96 Před 6 měsíci +1

    Everything gets expensive, while Wages remain stagnant. How is this Economy even functioning? Nothing makes sense in these crazy times.

  • @webanon
    @webanon Před 6 měsíci +10

    I rarely dine out. I spent $20 at Panera Bread for a sub and drink last week. Crazy.

    • @William-ph1xe
      @William-ph1xe Před 6 měsíci

      Boycott them

    • @jijiipetti1433
      @jijiipetti1433 Před 6 měsíci +1

      I just got back to the US. I was in shock by the $17 burrito, no drink, at Chipotle! And went to a Thai place a few days later and the entree that used to cost around $10 was nearly sixteen.
      Another friend just came from overseas for a few weeks and was shocked at the $5 for a cup of hot water and a tea bag.

  • @BornDeer
    @BornDeer Před 6 měsíci +11

    The Maverick of Wall Street has been using the term CPLie since 2020

    • @jameshudson8514
      @jameshudson8514 Před 6 měsíci +3

      Yes and he has just been cancelled by CZcams…………it’s disgusting

    • @LesGrossman69
      @LesGrossman69 Před 6 měsíci

      @@jameshudson8514 I didnt watch many if his vids, but did they seriously cancel him?

  • @-MJ-.
    @-MJ-. Před 6 měsíci +29

    whats the cpi on taking care of illegal immigrants.

    • @jacquesreilly1850
      @jacquesreilly1850 Před 6 měsíci

      High, but who cares as they all illegally vote for good old Uncle Joe and the other America haters.

    • @takethepowerback83
      @takethepowerback83 Před 6 měsíci +3

      They cost American taxpayers $450 billion per year.

    • @shadowbanned4days
      @shadowbanned4days Před 6 měsíci

      We don't count that, you racist

    • @kaznika6584
      @kaznika6584 Před 6 měsíci

      ​@@takethepowerback83And they take your jobs too.

    • @Demopans5990
      @Demopans5990 Před 6 měsíci

      @kaznika6584
      Nah, it's the companies firing highly paid workers for a offshored Indian firm

  • @Therulerof72
    @Therulerof72 Před 6 měsíci +2

    Obviously this man is intelligent and studies hard and reads a lot. That said, I can't help but smile and even laugh every time I start watching one of his videos. He delivers excellent content but is very rarely positive yet he always has that encouraging happy-go-lucky smile and laugh that is intoxicating. If I was on a deserted island... He would be in my circle of 10 people to take with me for good content and a good laugh 😅

  • @Xingqiwu387
    @Xingqiwu387 Před 6 měsíci +42

    Inflation in SERVICES is beyond belief! IF you can find a qualified electrician or roofer, you'll be paying tens of thousands of dollars - upwards of $140 per hour.

    • @sdrc92126
      @sdrc92126 Před 6 měsíci +2

      That's mc donalds server money

    • @alantheusthompson5594
      @alantheusthompson5594 Před 6 měsíci

      Not inflation. Supply and demand dynamics.

    • @grugnotice7746
      @grugnotice7746 Před 6 měsíci +9

      @@alantheusthompson5594 They are the same thing. When the money turns bad, people stop wanting to work hard for it, decreasing the supply and causing the price to go up. It is a big factor in why it is so hard to get anything done in a 3rd world economy.

    • @pedros1
      @pedros1 Před 6 měsíci +1

      And Sam Altman will not replace them for sure 😅

    • @jordyhumby
      @jordyhumby Před 6 měsíci

      50$ min wage cali!!!

  • @gamano7905
    @gamano7905 Před 6 měsíci +22

    Pulling that money out from savers account for treasuries to get spent into the economy now by non-savers further erodes the savers purchasing power.

    • @pauliusmatiusovas4102
      @pauliusmatiusovas4102 Před 6 měsíci

      5.39% from treasuries is ok for savers

    • @randycarstens1100
      @randycarstens1100 Před 6 měsíci

      ⁠@@pauliusmatiusovas4102That’s assuming there is zero default risk. Others have judged with their money that there is risk of loss of capital. Also 5.39% in a 7% actual inflation world is a long term loss. Real inflation is much larger than cpi.

  • @iishirkerii9540
    @iishirkerii9540 Před 6 měsíci +3

    George’s laugh is the only reason I subscribed

  • @dsfgkasguyrebfv
    @dsfgkasguyrebfv Před 6 měsíci +9

    Real inflation is 20% a year. In the UK the M2 money supply was around £500bil 30 years ago and it is now around £3tril. A 600% increase over 30 years would be 20% a year.
    The currency is being inflated and inflation should measure the change in the currency supply. Measuring inflation by choosing and swapping items is the stupidest method.
    Most of the inflated currency went into real estate, stock market or was exported to foreign countries like China in exchange for goods.
    We are now seeing the inflated currency enter the markets leading to higher food and energy prices. But it is only going to get worse. Currencies depreciate exponentially because as it devalues, governments need to print even more. Governments used to borrow millions, then billions and now trillions.

    • @johnkay4701
      @johnkay4701 Před 6 měsíci

      You're calculation is massively incorrect. If you inflate £500bn to £3tn over 30 years, then the average annual inflation rate is 6.155% & not the 20% that you claim. Please get out your calculator or spreadsheet & work it out for yourself. The inflation rate is compounded every year for those 30 years.
      Don't get me wrong; the colossal rise in the money supply, whether anyone calls it QE or money printing is still the root cause of the problem that eventually causes inflation & this really concerns me.

  • @D-Brow
    @D-Brow Před 6 měsíci +3

    Everything has gone up so much in price. I can't imagine what kept the overall average down to only 1.2% and 3.9%

    • @Demopans5990
      @Demopans5990 Před 6 měsíci

      Wish we were kind of like Japan. They had basically zero inflation over the past 20 years despite shorting out the yen printer.

    • @trappart9209
      @trappart9209 Před 6 měsíci

      Weighing choice has kept things down

    • @trappart9209
      @trappart9209 Před 6 měsíci

      ​@@Demopans5990deflation is not better for the economy than slight inflation

  • @mrpickle23
    @mrpickle23 Před 6 měsíci +14

    10%+ REAL inflation across the board minimum....

    • @mr.q8023
      @mr.q8023 Před 6 měsíci

      Multi year maybe

    • @craigbrison4241
      @craigbrison4241 Před 6 měsíci

      @@mr.q8023 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣 riiiiiggggghhhhhttttt...

  • @craigcolbourn8351
    @craigcolbourn8351 Před 6 měsíci +5

    Gold was $275/oz in the year 2000. That’s ridiculous to think about.

    • @SpiKSpaN-ei6zq
      @SpiKSpaN-ei6zq Před 6 měsíci +2

      It's nuts when you really think about it. Wish I'd bought then

    • @SpiKSpaN-ei6zq
      @SpiKSpaN-ei6zq Před 5 měsíci

      @@Joseph-wu6kd depends on the area. But some where a quarter of wha they are now.

    • @craigcolbourn8351
      @craigcolbourn8351 Před 5 měsíci

      @@Joseph-wu6kd 👍🏻Right lol

  • @Jasongonzales-45678
    @Jasongonzales-45678 Před 6 měsíci +6

    Market highs can sometimes be followed by corrections, but predicting the timing and extent of it is challenging. I've heard some analysts talk about a 'massive' correction. It makes me wonder if it's time to adjust my $2M portfolios or maybe even consider some defensive investments.

    • @322dawgg
      @322dawgg Před 6 měsíci +2

      Consider diversifying your portfolio with a mix of stocks and stable assets. Seeking professional advice now could provide valuable insights and strategies to navigate market uncertainties and protect your investments.

    • @Marthas-r4c
      @Marthas-r4c Před 6 měsíci

      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.

    • @user-3456rtu
      @user-3456rtu Před 6 měsíci +2

      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

    • @Marthas-r4c
      @Marthas-r4c Před 6 měsíci +6

      NICOLE DESIREE SIMON is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

    • @kyle-user30
      @kyle-user30 Před 6 měsíci

      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.

  • @lewieanderson6579
    @lewieanderson6579 Před 6 měsíci +9

    Real wages have not kept up with this round of inflation

    • @BigTimeRushFan2112
      @BigTimeRushFan2112 Před 6 měsíci +6

      real wages have not kept up with inflation for the past 60 years...

  • @lrmorrison999
    @lrmorrison999 Před 6 měsíci +7

    My wife and I budget $900 per month now on food. We cook everything at home, restaurants are a dream of the past. The Wok Dinners are becoming a regular fare; rice, pork, assorted vegetables. We are buying cheaper cuts of beef, pork, and chicken and are limiting serving sizes. Filet, Prime Rib, and Rib Eye Steaks are a thing of the past.

    • @MichaelKuchar
      @MichaelKuchar Před 6 měsíci

      There's three of us and we spend $500-600 per month. Must be the state you're in. I'm in Texas. I know my NJ friends are losing it. That's why I lelt in 2005.

    • @brianmcg321
      @brianmcg321 Před 6 měsíci

      Being poor must blow

    • @decimgames2163
      @decimgames2163 Před 6 měsíci

      LOL...I almost exclusively cook at home now. I stopped at Five Guys burgers last month for a Cheese Burger and Cajon Fries....$21!!!!!! Not even a drink, just burger and fries!!!

    • @marcinasia1731
      @marcinasia1731 Před 6 měsíci +1

      @@MichaelKuchar i thought 900 a month WOW !!! yours is more in line.. im from new mexico and now thailand and spend about 120 per month eating out ... lol 1.00 to 1.50 each meal

    • @MichaelKuchar
      @MichaelKuchar Před 6 měsíci +1

      @@marcinasia1731 Exactly why I'm looking to retire outside the USA.

  • @carlh-thehermitwithwi-fi679
    @carlh-thehermitwithwi-fi679 Před 6 měsíci +6

    sir, i really appreciate your analysis.
    My issue is that their "numbers" i no longer - and for a long time - do not believe them, nor how they fudge the calculations. So, when they "push out data and numbers" i say "liars" in an automatic response and ignore it.
    i didn't "build that"...THEY DID

  • @kauaifishing1365
    @kauaifishing1365 Před 6 měsíci +6

    Moving to Moscow, Tucker got a whole basket of groceries for $100. No homeless, no thieves and beautiful women

    • @justinsmith9851
      @justinsmith9851 Před 6 měsíci +1

      If you have deep pockets go for it. But jobs over there pay a lot less

    • @Mr.Mopar.23-7
      @Mr.Mopar.23-7 Před 6 měsíci

      That visit was propaganda for Trumpers. Tucker trying to convince Americans on the dictatorship Trump wants. Just remember Russia is and always will be the enemy. Trump is Putins vehicle into the downfall of the USA.

    • @Demopans5990
      @Demopans5990 Před 6 měsíci

      @justinsmith9851
      Yet ministers there on $50k USD annual income manage to buy villas (in suspicious circumstances)

  • @michaeldalton8374
    @michaeldalton8374 Před 6 měsíci +7

    Have wages kept pace with prices?
    I just started a new job after 12 years of self employment. $19/hr. Not bad for my field and geographic location.
    The last time clock job I had, I was paid $20.62/hr. That was 2012.
    It’s a mystery…

  • @dznuts123
    @dznuts123 Před 6 měsíci +1

    Your ideal kind of deflation will never happen, but that doesn’t mean we shouldn’t ask for deflation.
    May the best of us win.

  • @accidentalhomestead5522
    @accidentalhomestead5522 Před 6 měsíci +3

    I have been preparing for continued food inflation- long term isn’t good. It’s a learning curve to get past, but growing and eating what i produce is the only way i know to beat both inflation and taxes. The one down side is the increase in property taxes, but i figure that to be a premium for the safety of being out of town. However, it really is a deterrent to building anything.

    • @William-ph1xe
      @William-ph1xe Před 6 měsíci +1

      Property taxes are unconstitutional and prove you don’t own anything, you’re just renting it

  • @golfingbuddy1
    @golfingbuddy1 Před 6 měsíci +1

    I find I have changed my habits because of inflation. I’m saving much more, and eating better with a pantry stock of about 30 days. I now have three years of income saved up as a back up, house is paid for, vehicle paid for with minimal debt. It’s not always what you make, it’s how you spend it. I can go days without opening my wallet. Break your old habits and live within your means.

  • @xtofury
    @xtofury Před 6 měsíci +2

    This is how people are slowly fleeced, and yes it will get worse.

  • @robgrey6183
    @robgrey6183 Před 6 měsíci +1

    We KNOW they're lying. THEY know that WE know they're lying.
    They simply don't care. They are daring us to do something about it. They have nothing but contempt for us.

  • @orenalbertmeisel3127
    @orenalbertmeisel3127 Před 6 měsíci +26

    Absolutely no one could've seen this one coming 😂

    • @osuk1
      @osuk1 Před 6 měsíci +4

      Imagine Biden, Jerome n Yellen on the driver seat 🤡

  • @fuzzresponder2225
    @fuzzresponder2225 Před 6 měsíci +16

    Brandon keeps doing that, vote accordingly🍊2024!

  • @Travelbythought
    @Travelbythought Před 6 měsíci +9

    Buy gold and silver.

    • @jayc4715
      @jayc4715 Před 6 měsíci

      Why ..you can't eat it? It doesn't pay rent or dividends

    • @cultleader3572
      @cultleader3572 Před 6 měsíci

      ​@jayc4715 gold up 14% last year

    • @jayc4715
      @jayc4715 Před 6 měsíci

      @@cultleader3572 so what..real estate and stocks are up even higher..and they pay rent and dividends

  • @foodgeek.
    @foodgeek. Před 6 měsíci +1

    This month landlord decided to increase rent. On an (un)related comment, companies have been reporting record high earnings, after rising prices and shrinkflation.
    People providing services have also increased their rates.
    People! Don't you realize we are all guilty of the situation? We are in a downward spiral. We need someone to say "guys, stop it!"

  • @ReconPro
    @ReconPro Před 6 měsíci +8

    Are we in the no bueno zone? 😢😮

    • @pedros1
      @pedros1 Před 6 měsíci

      No amigo, but it is still better than in Venezuela and Argentina, just buckle up

  • @mattx4253
    @mattx4253 Před 6 měsíci +1

    I solved the inflation problem by swapping out all food for different water from various taps in the house. Turns out I no longer am starving to death due to cost. Thanks Uncle Sam

  • @Dev_1945
    @Dev_1945 Před 6 měsíci +1

    People just aren’t grinding.
    I started donating my blood plasma in between my third and fourth job for some passive income.
    Get your grind up 😮‍💨

  • @lewieanderson6579
    @lewieanderson6579 Před 6 měsíci +4

    We ain't suffering from inflation we're suffering from greedflation.

  • @slowride9994
    @slowride9994 Před 6 měsíci +2

    Maverick also uses "CP Lie" since forever........great video.

  • @Islowelowe
    @Islowelowe Před 6 měsíci +8

    You forgot shrinkflation. How a 10% increase becomes a 30% increase net of packaging changes.

  • @EverlyndPerez
    @EverlyndPerez Před 6 měsíci +5

    I’ve been saving for a long time instead of investing, and right now I only have about $516k. I'm not sure how to make it grow, considering all the inflation, into something substantial that I might use for retirement. I just here for ideas

    • @Debbie.Burton
      @Debbie.Burton Před 6 měsíci +4

      At a point like this, when the pressure is already on you to retire, its best recommended you seek the services of an advisor, as this allows you make smarter investing decisions.

    • @benitabussell5053
      @benitabussell5053 Před 6 měsíci +2

      It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $30k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

    • @HarrisRyan-oy8eo
      @HarrisRyan-oy8eo Před 6 měsíci +3

      in times like these, it's crucial to be cautious and not rush into the market , Who is this your FA , my portfolio needs urgent attention

    • @benitabussell5053
      @benitabussell5053 Před 6 měsíci +2

      *Natalie Marie Gentry* is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

    • @A_francis
      @A_francis Před 6 měsíci +1

      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.

  • @indexator86
    @indexator86 Před 6 měsíci +2

    George, you should do a interview with John Williams from shadowstats🙂

  • @CameraMystique
    @CameraMystique Před 6 měsíci +2

    The squirrel population in my neighborhood has also gone down...

  • @joeldoxtator9804
    @joeldoxtator9804 Před 6 měsíci +3

    Don't forget that these are just rate increases of the rate of inflation.
    It is not the grand total of percentage change from a historical point.
    That means you must find the result of the compounded rate on the initial value to find the real value increase.
    It's not pretty.

  • @chapagawa
    @chapagawa Před 6 měsíci +7

    My cost of living went way down after moving to the park and eating out of the big squarish community food bin.

  • @user-vs3nt8ch2q
    @user-vs3nt8ch2q Před 6 měsíci +1

    "And then they said... Rate cuts in March are a sure thing" bahahahahahahahahah

  • @timsmith1661
    @timsmith1661 Před 6 měsíci +17

    Prices didn't go down, the rate of rise has slowed down

  • @postscript5549
    @postscript5549 Před 6 měsíci +8

    The CPI is straight from The Ministry of Truth (1984).

  • @itmtrading
    @itmtrading Před 6 měsíci +2

    Well done as usual 🤝

  • @eightzerotwo
    @eightzerotwo Před 6 měsíci +1

    George is a great teacher. I love watching his content because it’s entertaining, educational, and gives solid insight into what’s happening

  • @NevilleVause-mo7ly
    @NevilleVause-mo7ly Před 6 měsíci +5

    Love your new interactive graphics. Keep up the good work, Cheers

  • @tonycarangi1151
    @tonycarangi1151 Před 2 měsíci

    Good point that velocity is a variable in inflation

  • @justice4g
    @justice4g Před 6 měsíci +1

    that's mad, seems most food in Australia has doubled over the last couple of years

  • @Ex_impius
    @Ex_impius Před 6 měsíci +6

    Prices have not come down!! They just slowed down on how fast they were going up!!

  • @joeshovel2
    @joeshovel2 Před 6 měsíci +5

    Mr. George Gammon, I truly appreciate your whiteboard videos. Thank you!

  • @TB-dj8kl
    @TB-dj8kl Před 6 měsíci +1

    One of the benefits for the government is that they are able to raise taxes that seldomly never go down. The planned Covid pandemic released created an excuss all around the world for generating more income for governments. The prices of goods might come down easing the pain but taxes won't. And when economy's around the world starts to go south, conveniently conflicts start to escalate to stimulate failing or stagnate economy's.

  • @Garyhlin
    @Garyhlin Před 6 měsíci +3

    At some point people there will be deflation in discretional spending ie cars, watches, holidays, home renovation etc.

    • @thetaxgawd
      @thetaxgawd Před 6 měsíci

      High end cars and watches have already softened, not as much in US as other markets though - Europe has really slowed from what I've seen. Germany has long been in recession, looks like GB is joining as well.
      Food inflation is wild. Amazing what a steak costs nowadays.

  • @miphisto56
    @miphisto56 Před 6 měsíci +2

    I would say cpi is more 100+%

  • @Nameless_Gh0st
    @Nameless_Gh0st Před 6 měsíci +1

    Obviously, those categories from the Bureau of Labor Statistics are incomplete. CNBC was just showing some of the highest inflation items in those categories.

  • @johndoe1.196
    @johndoe1.196 Před 6 měsíci +2

    Of course- They didn't reduce spending at all.

  • @jimwolfe4286
    @jimwolfe4286 Před 6 měsíci +2

    George , In the World of Financial Physics...Gravity ..always Wins !......Thank you for these Terrific Videos !....Take Care....

  • @miphisto56
    @miphisto56 Před 6 měsíci +1

    A single soda can of cocacola went from .50cents in 2020 to 1.75 lmao whats cpi at again

  • @Tacman556
    @Tacman556 Před 6 měsíci +12

    Would love to see what the CPI looks like when adjusted to the legacy CPI-U, the results are scary…

    • @susanrocksvold534
      @susanrocksvold534 Před 6 měsíci +1

      I heard the number 17%

    • @kevinyaucheekin1319
      @kevinyaucheekin1319 Před 6 měsíci

      ​@@susanrocksvold534Not a Yank, Singaporean. Believable.😊

    • @peterfugere8801
      @peterfugere8801 Před 6 měsíci

      You can look this up, it’s not 17%

    • @Tacman556
      @Tacman556 Před 6 měsíci

      @@peterfugere8801 last poke I took, it was 8-9.5%, don’t quote me

  • @johnwilsdon5456
    @johnwilsdon5456 Před 6 měsíci +1

    Oh, I can't stand this inflation when I buy the latest I phone.

  • @silverlacker9230
    @silverlacker9230 Před 6 měsíci +1

    So... why is the end quote gone. I loved it so much .....I hope it comes back.

  • @MyScottyboy1
    @MyScottyboy1 Před 6 měsíci

    Ian Botham 'All Rounder' red wine went up from £7 to £10 a bottle last week. That's just not cricket.

  • @PCMenten
    @PCMenten Před 6 měsíci +6

    It has already been reported that during the supply shock, producers took advantage of the situation to price gouge. Cars, groceries and more. The gouging has led to extra profits.

    • @igorbogdanoff4517
      @igorbogdanoff4517 Před 6 měsíci +2

      Hedging for potential greater costs, knowing lots of your customers haven’t worked for the currency they’re giving you for your goods is not the same as gouging.

    • @Demopans5990
      @Demopans5990 Před 6 měsíci

      And discovering that moving less stock results in lower operational costs

  • @joergkramer4773
    @joergkramer4773 Před 6 měsíci

    They are polishing the numbers as always.

  • @robnowako2pl
    @robnowako2pl Před 6 měsíci +2

    Actually, that CP Lie term I heard from Mike Maloney long time ago :-)

  • @michealrose7556
    @michealrose7556 Před 6 měsíci +8

    Fasting does your pineal gland good
    Praise God🙏☀️

  • @roncedad7032
    @roncedad7032 Před 6 měsíci

    A bag of doritos not on sale was 5.99 the other day. Thanks for making it easier not to snack!😂

  • @Bearded_Angel
    @Bearded_Angel Před 6 měsíci

    I have a hard time seeing who wins by watching these videos.. you mentioned coal and lithium at (world ending lows) a few months ago but other than personal revenue generation i have a hard time finding the purpose here

  • @rollokline4692
    @rollokline4692 Před 6 měsíci +1

    Powell is a lawyer, not an economist ,that's why😮😮😮

  • @freeman7296
    @freeman7296 Před 6 měsíci

    I believe it completely - i feel it in my budget...it's clearly there and not better. I've got very little debt and it's bothering me - just imagine the average person with their big fat mortgage and everything else. This is very concerning...

  • @tudogeo7061
    @tudogeo7061 Před 6 měsíci

    Can't afford stiff drinks anymore. Gotta start moonshining.

  • @justinsmith9851
    @justinsmith9851 Před 6 měsíci +1

    I made 100 k last year I figured it up after sales taxes has taxes all the income and payroll taxes property taxes I only kept 65k how the hell is this not socialism. Why am I forced to to pay for shit I don’t use. This country was founded on individualism not collectivism. I’m to the point where I’m about to just try and get on disability there’s not reward for doing the right thing