1 00:00:00,560 --> 00:00:03,880 Speaker 1: Shrinkflation. Have you heard of it? Apparently it's such a 2 00:00:03,880 --> 00:00:06,120 Speaker 1: big deal that we have the President of the United States, 3 00:00:06,160 --> 00:00:09,680 Speaker 1: President Biden, going on national TV right before the Super 4 00:00:09,680 --> 00:00:13,880 Speaker 1: Bowl to talk to the American people directly about shrinkflation. Now, 5 00:00:13,960 --> 00:00:18,000 Speaker 1: shrinkflation is like a play on words of something called inflation. 6 00:00:18,480 --> 00:00:21,920 Speaker 1: We have another word called stagflation. And when you add 7 00:00:22,000 --> 00:00:25,840 Speaker 1: all of these things up, it's bad. But the government 8 00:00:25,840 --> 00:00:27,840 Speaker 1: doesn't want you to believe that, and that is why 9 00:00:27,880 --> 00:00:31,360 Speaker 1: they are going on a massive gas lighting campaign, from 10 00:00:31,400 --> 00:00:35,600 Speaker 1: Biden on TV to Janet Yellen on CBS and so 11 00:00:35,680 --> 00:00:38,040 Speaker 1: much more. So. In today's episode, we're going to talk 12 00:00:38,080 --> 00:00:41,160 Speaker 1: about what is going on. Why is the Biden administration 13 00:00:41,240 --> 00:00:43,760 Speaker 1: going on a full court press gas lighting us about 14 00:00:43,760 --> 00:00:46,360 Speaker 1: the truth. We're going to dig through some economic data 15 00:00:46,400 --> 00:00:49,120 Speaker 1: so you can see how price levels have changed throughout history. 16 00:00:49,320 --> 00:00:52,840 Speaker 1: We're going to take a look at what Janet Yellen said, 17 00:00:53,120 --> 00:00:55,240 Speaker 1: and we're going to break this down step by step. 18 00:00:55,240 --> 00:00:57,319 Speaker 1: We're going to put actual data behind it to see 19 00:00:57,360 --> 00:00:59,680 Speaker 1: where we're really at. We're going to pull back the 20 00:01:00,360 --> 00:01:02,240 Speaker 1: of some things that she said so you can understand 21 00:01:02,240 --> 00:01:05,319 Speaker 1: what she's really really saying. We're going to talk about 22 00:01:05,360 --> 00:01:08,360 Speaker 1: the actual data of our Americans better off or not, 23 00:01:09,080 --> 00:01:11,320 Speaker 1: what you could be doing about this to protect yourself 24 00:01:11,400 --> 00:01:13,800 Speaker 1: and so much more so, let's just go ahead and 25 00:01:13,840 --> 00:01:15,640 Speaker 1: dive in. If you're just tuning in, you're listening to 26 00:01:15,720 --> 00:01:17,960 Speaker 1: the Mark Mos Show. We're talking about the way the 27 00:01:18,000 --> 00:01:19,720 Speaker 1: world changes as we look at it through the lens 28 00:01:19,800 --> 00:01:24,720 Speaker 1: of politics, finance, and technology. Today we're mostly talking about 29 00:01:24,720 --> 00:01:27,760 Speaker 1: finance and how the world is changing. But unfortunately it's 30 00:01:27,800 --> 00:01:32,559 Speaker 1: become political now. I say unfortunately because what the Paul Krugman's, 31 00:01:32,600 --> 00:01:35,880 Speaker 1: the economists of the government have to say, and what 32 00:01:36,240 --> 00:01:39,560 Speaker 1: many economists of the central bankers have to say, is 33 00:01:39,560 --> 00:01:42,280 Speaker 1: that we can only trust the money that's given to 34 00:01:42,360 --> 00:01:45,000 Speaker 1: us by a government, and we can only trust money 35 00:01:45,040 --> 00:01:48,800 Speaker 1: that's given us to us by a central bank. However, 36 00:01:49,520 --> 00:01:52,240 Speaker 1: that makes it political then because the government and then 37 00:01:52,280 --> 00:01:55,000 Speaker 1: which government, and which ruling party and all these things. Right, 38 00:01:55,280 --> 00:01:58,800 Speaker 1: Money is neutral, Money should not be political. Money is 39 00:01:58,840 --> 00:02:02,880 Speaker 1: just money. Money is medium of exchange. Now, I didn't 40 00:02:02,880 --> 00:02:04,440 Speaker 1: want to go down this path, but just real quickly, 41 00:02:04,480 --> 00:02:07,480 Speaker 1: if you think about money, as my friend Robert B. 42 00:02:07,480 --> 00:02:10,800 Speaker 1: Breedlove says, will be the defining question of our generation. 43 00:02:11,160 --> 00:02:13,280 Speaker 1: But what is money? And money is a lot of things, 44 00:02:13,280 --> 00:02:17,480 Speaker 1: but ultimately, it stores my value, it stores my energy, 45 00:02:17,520 --> 00:02:20,920 Speaker 1: it stores my wealth until I'm ready to exchange it 46 00:02:20,960 --> 00:02:23,079 Speaker 1: for goods and services that I want, and so then 47 00:02:23,080 --> 00:02:25,200 Speaker 1: it becomes a medium of exchange. So I can use 48 00:02:25,240 --> 00:02:27,240 Speaker 1: it as a store of value, and then I can 49 00:02:27,360 --> 00:02:29,800 Speaker 1: use it as a medium of exchange. And so neither 50 00:02:29,800 --> 00:02:32,280 Speaker 1: of those things should be political. The only reason it's 51 00:02:32,320 --> 00:02:35,720 Speaker 1: political is because they want to impact. They want to affect, 52 00:02:35,760 --> 00:02:39,520 Speaker 1: they want to change the amount of money so that 53 00:02:39,560 --> 00:02:45,000 Speaker 1: then they can drive certain political ideologies and things like that. 54 00:02:45,200 --> 00:02:47,200 Speaker 1: So let's break this down a little bit. So let's 55 00:02:47,240 --> 00:02:50,640 Speaker 1: talk about for a second. First, let's talk about let's 56 00:02:50,639 --> 00:02:52,200 Speaker 1: just start right at the top, and let's play this 57 00:02:52,240 --> 00:02:56,080 Speaker 1: little clip of a video of Biden the Super Bowl Sunday. 58 00:02:56,600 --> 00:02:58,920 Speaker 2: Is there anything like me you'd like to be surrounded 59 00:02:58,919 --> 00:03:01,240 Speaker 2: by a snack or two while watching the big game? 60 00:03:01,720 --> 00:03:04,000 Speaker 2: You know, when buying snacks for the game, you might 61 00:03:04,040 --> 00:03:07,400 Speaker 2: have noticed one thing. Sports drinks bottles are smaller. A 62 00:03:07,480 --> 00:03:10,040 Speaker 2: bag of chips is few of chips. They're still charging 63 00:03:10,080 --> 00:03:12,359 Speaker 2: it chest as much. And as an ice cream lover, 64 00:03:12,440 --> 00:03:14,440 Speaker 2: what makes me the most angry is the ice cream 65 00:03:14,480 --> 00:03:18,720 Speaker 2: carts have actually shrunk inside, not on price. I've had 66 00:03:18,840 --> 00:03:20,639 Speaker 2: enough of what they call shrinkflation. 67 00:03:21,760 --> 00:03:24,560 Speaker 1: So he is mad because he doesn't get as much 68 00:03:24,600 --> 00:03:27,799 Speaker 1: ice cream. The memes of Biden are just legendary of him, 69 00:03:27,800 --> 00:03:29,800 Speaker 1: like licking his ice cream cone as the world is 70 00:03:29,800 --> 00:03:32,360 Speaker 1: burning down around him. But he's mad because the amount 71 00:03:32,360 --> 00:03:34,639 Speaker 1: of ice cream that he gets in his cart isn't 72 00:03:34,680 --> 00:03:36,640 Speaker 1: as much as it used to be, and he calls 73 00:03:36,680 --> 00:03:40,440 Speaker 1: it shrinkflation. So inflation is well, we're going to break 74 00:03:40,440 --> 00:03:42,560 Speaker 1: down what inflation really is, but per the sort of 75 00:03:42,840 --> 00:03:45,520 Speaker 1: used term today, which they've changed so they can defeat 76 00:03:45,560 --> 00:03:48,119 Speaker 1: this argument. We'll come back to that. But inflation being 77 00:03:48,160 --> 00:03:50,840 Speaker 1: price is going up, and when prices are going up, 78 00:03:50,960 --> 00:03:54,160 Speaker 1: your money doesn't buy you as much goods and services. 79 00:03:54,160 --> 00:03:56,520 Speaker 1: Back to money being in medi of exchange. Now, what 80 00:03:56,600 --> 00:03:59,800 Speaker 1: he's called shrinkflation is that the price didn't actually go up, 81 00:04:00,080 --> 00:04:03,160 Speaker 1: but the amount of goods and services went down. It's 82 00:04:03,160 --> 00:04:05,320 Speaker 1: the same thing. So instead of prices going up, the 83 00:04:05,320 --> 00:04:07,440 Speaker 1: price to day the same, except you just get less stuff. 84 00:04:08,160 --> 00:04:10,800 Speaker 1: It's the same thing. He's calling something different but he's 85 00:04:10,840 --> 00:04:13,160 Speaker 1: complaining about is ice cream. But the reality is here, 86 00:04:13,560 --> 00:04:16,480 Speaker 1: what he's really trying to do is divide the people. 87 00:04:16,760 --> 00:04:20,360 Speaker 1: What he's really trying to do is angle for more 88 00:04:20,480 --> 00:04:24,440 Speaker 1: government oversight, and he's trying to blame the greedy capitalist 89 00:04:24,839 --> 00:04:27,279 Speaker 1: for doing this. He's angry about it. He wants to 90 00:04:27,320 --> 00:04:29,120 Speaker 1: do something about it. He wants to get to the 91 00:04:29,160 --> 00:04:32,239 Speaker 1: bottom of why these companies are giving you less chips 92 00:04:32,240 --> 00:04:34,280 Speaker 1: in your bag or less ice cream in your cart. 93 00:04:34,279 --> 00:04:37,200 Speaker 1: And as he talks about, but that is completely false. 94 00:04:37,240 --> 00:04:38,560 Speaker 1: And I'm just going to break this down for a minute. 95 00:04:38,600 --> 00:04:40,600 Speaker 1: We're going to come back to this towards the end, 96 00:04:40,640 --> 00:04:42,600 Speaker 1: but let's just think about this for a minute. If, 97 00:04:43,200 --> 00:04:45,760 Speaker 1: as he says ice cream, if ice cream maker number 98 00:04:45,760 --> 00:04:48,919 Speaker 1: one charges five dollars for one court of ice cream, 99 00:04:49,320 --> 00:04:52,440 Speaker 1: and ice cream Maker two sells the same court of 100 00:04:52,480 --> 00:04:56,400 Speaker 1: ice cream for six dollars, I, as a consumer, get 101 00:04:56,400 --> 00:04:59,560 Speaker 1: to choose which one I want. Now. Likewise, let's say 102 00:04:59,560 --> 00:05:01,920 Speaker 1: they're both dollars, but one is a court and one 103 00:05:02,000 --> 00:05:04,119 Speaker 1: is a quarter of a court or half of a court, 104 00:05:04,320 --> 00:05:07,360 Speaker 1: then I can still make my choice. What he's saying, though, 105 00:05:07,400 --> 00:05:10,560 Speaker 1: is that people are tricking us and they're selling us 106 00:05:10,640 --> 00:05:14,240 Speaker 1: less one. I would say that he thinks too low 107 00:05:14,360 --> 00:05:16,400 Speaker 1: of the American people, Like, come on, are we really 108 00:05:16,400 --> 00:05:18,880 Speaker 1: that ignorant. Do we really not notice that there's less 109 00:05:18,960 --> 00:05:21,760 Speaker 1: actual food in there to feed our families or feed ourselves. 110 00:05:21,800 --> 00:05:24,040 Speaker 1: Of course we don't. But the reality is what I 111 00:05:24,120 --> 00:05:26,799 Speaker 1: want to point to is it's not about a greedy business. 112 00:05:27,080 --> 00:05:29,640 Speaker 1: It's about the necessity of these businesses in order to 113 00:05:29,640 --> 00:05:32,280 Speaker 1: stay profitable. You see, a business has to make profit 114 00:05:32,360 --> 00:05:34,680 Speaker 1: if they want to pay for their products, if they 115 00:05:34,720 --> 00:05:37,680 Speaker 1: want to pay their employees and so forth. And the 116 00:05:39,040 --> 00:05:40,919 Speaker 1: all of this rhetoric that you hear from the government 117 00:05:40,960 --> 00:05:45,200 Speaker 1: talking about these greedy corporations overcharge and hear from Elizabeth 118 00:05:45,240 --> 00:05:49,320 Speaker 1: Warren as well. We heard it from well, I think 119 00:05:49,360 --> 00:05:51,880 Speaker 1: it was Elizabeth Warren. She last year Thanksgiving talking about 120 00:05:51,920 --> 00:05:55,160 Speaker 1: these greedy turkey companies overcharging you, gouging you on turkeys. 121 00:05:55,360 --> 00:05:57,599 Speaker 1: But the way the free market works doesn't allow for 122 00:05:57,680 --> 00:05:59,920 Speaker 1: that to happen. You see, if I see somebody make 123 00:06:00,200 --> 00:06:04,360 Speaker 1: two hundred percent profit margins on turkey or oil or 124 00:06:04,400 --> 00:06:06,960 Speaker 1: ice cream, then I'm going to go, Man, there's a 125 00:06:07,000 --> 00:06:09,720 Speaker 1: lot of money there. I'm gonna go make turkey or 126 00:06:09,800 --> 00:06:12,960 Speaker 1: produce oil or sell ice cream. And instead of making 127 00:06:13,000 --> 00:06:15,240 Speaker 1: two hundred percent, I'll make one hundred percent. And then 128 00:06:15,279 --> 00:06:16,800 Speaker 1: someone else sees that and goes, well, I'll do that, 129 00:06:16,839 --> 00:06:18,760 Speaker 1: but I'll make fifty percent, and someone else sys, well, 130 00:06:18,760 --> 00:06:20,520 Speaker 1: i'll do that, but i'll make thirty percent, and then 131 00:06:20,520 --> 00:06:23,599 Speaker 1: someone else does twenty percent. And you can see through competition, 132 00:06:23,680 --> 00:06:27,599 Speaker 1: it eats into those profit margins until profit margins getting 133 00:06:27,600 --> 00:06:30,440 Speaker 1: shrunk so little that nobody's making money. Then a few 134 00:06:30,480 --> 00:06:33,960 Speaker 1: businesses go out of business, and somewhere the price stabilizes 135 00:06:34,520 --> 00:06:37,880 Speaker 1: at just the right blend of profitability for the business 136 00:06:37,920 --> 00:06:40,719 Speaker 1: to day in business and affordability for the customer to use. 137 00:06:41,040 --> 00:06:45,280 Speaker 1: It's competition that eats into that. You see. It's impossible 138 00:06:45,320 --> 00:06:48,680 Speaker 1: for a business to continue to over gouge without competition 139 00:06:48,720 --> 00:06:52,880 Speaker 1: coming into get into that unless the government enables that. 140 00:06:53,200 --> 00:06:55,760 Speaker 1: You see, it's the government that enables the monopolies to happen, 141 00:06:56,160 --> 00:06:58,320 Speaker 1: and that's what prevents it. Now, in the case of food, 142 00:06:58,320 --> 00:07:00,919 Speaker 1: that's not the case. In the case of food shrink inflation, 143 00:07:01,520 --> 00:07:04,719 Speaker 1: it's because of inflation, and it's because the cost of 144 00:07:04,720 --> 00:07:07,760 Speaker 1: their commodities have gone up so much they've had to 145 00:07:07,920 --> 00:07:10,000 Speaker 1: lower the amount of goods and services that you receive. 146 00:07:11,040 --> 00:07:14,080 Speaker 1: I have a friend who has a restaurant, and he 147 00:07:14,160 --> 00:07:16,400 Speaker 1: said that he's not able to sell steaks anymore. As 148 00:07:16,440 --> 00:07:18,120 Speaker 1: a matter of fact, he's having to change his whole 149 00:07:18,160 --> 00:07:20,720 Speaker 1: menu because he can barely stay in business anymore, and 150 00:07:20,760 --> 00:07:23,880 Speaker 1: he has to start serving lower quality food. He said, 151 00:07:23,920 --> 00:07:26,200 Speaker 1: I can only raise my prices so much, and I 152 00:07:26,240 --> 00:07:28,960 Speaker 1: can't raise my prices because customers will stop coming in. 153 00:07:29,040 --> 00:07:32,240 Speaker 1: I can't raise my prices high enough to offset the 154 00:07:32,320 --> 00:07:34,760 Speaker 1: cost my input costs that have gone up. And so 155 00:07:34,800 --> 00:07:37,880 Speaker 1: my only option is to start serving lesser quality food 156 00:07:37,880 --> 00:07:40,360 Speaker 1: that I have higher profit margins on. So it's another 157 00:07:40,400 --> 00:07:41,760 Speaker 1: way that you can do it. You can serve a 158 00:07:41,800 --> 00:07:44,360 Speaker 1: lower quality food. My friend safety and who wrote the 159 00:07:44,360 --> 00:07:47,520 Speaker 1: Bitcoin standard, talks about Fiat money, Fiat food. A big 160 00:07:47,560 --> 00:07:50,240 Speaker 1: reason why our food has gotten so bad is because 161 00:07:50,240 --> 00:07:54,480 Speaker 1: of inflation forcing manufacturers to try to make food cheaper, cheaper, cheaper, 162 00:07:54,720 --> 00:07:58,600 Speaker 1: substituting for lesser quality of ingredients. Now, let's put this 163 00:07:58,680 --> 00:08:02,239 Speaker 1: into some practical terms that you can understand. So Biden 164 00:08:02,320 --> 00:08:05,240 Speaker 1: did this right at the Super Bowl. So right when 165 00:08:05,320 --> 00:08:07,840 Speaker 1: everyone's thinking about buying snacks for the Super Bowl party, 166 00:08:07,920 --> 00:08:10,480 Speaker 1: they're seeing the sticker shock at the pump or at 167 00:08:10,600 --> 00:08:13,680 Speaker 1: the snack food check out. I guess in this case, 168 00:08:14,000 --> 00:08:16,480 Speaker 1: and he did it specifically when you had the largest 169 00:08:16,520 --> 00:08:20,120 Speaker 1: audience in the world but certainly in America at that time, 170 00:08:20,160 --> 00:08:24,240 Speaker 1: watching the Super Bowl, and he used it specifically to 171 00:08:24,280 --> 00:08:27,600 Speaker 1: go after businesses to divide. He's supposed to be the 172 00:08:27,680 --> 00:08:29,680 Speaker 1: one that brought us all back together, but he constantly 173 00:08:29,720 --> 00:08:32,200 Speaker 1: attacks the MAGA, the right, and then this case the 174 00:08:32,240 --> 00:08:35,440 Speaker 1: business is But again I've explained that why that's false. 175 00:08:35,679 --> 00:08:38,000 Speaker 1: But let's talk about some actual numbers in regard to 176 00:08:38,040 --> 00:08:40,480 Speaker 1: the Super Bowl. So in the first super Bowl, super 177 00:08:40,520 --> 00:08:43,360 Speaker 1: Bowl one, which was nineteen sixty seven, a ticket cost 178 00:08:43,640 --> 00:08:46,719 Speaker 1: ten dollars ten bucks for a super Bowl ticket in 179 00:08:46,760 --> 00:08:51,400 Speaker 1: ninety sixty seven. It took until nineteen seventy five, so 180 00:08:51,400 --> 00:08:54,680 Speaker 1: it took about eight years and prices doubled from ten 181 00:08:54,720 --> 00:08:58,440 Speaker 1: to twenty dollars. Then it took six years to double 182 00:08:58,800 --> 00:09:01,920 Speaker 1: from twenty to forty doll Now we're talking about one 183 00:09:02,000 --> 00:09:04,800 Speaker 1: hundred percent increase here, Okay, we're not talking about a 184 00:09:04,920 --> 00:09:07,600 Speaker 1: five percent or two percent, Like if you're an employee, 185 00:09:07,720 --> 00:09:10,840 Speaker 1: what is your annual increase in your pay two percent, 186 00:09:10,960 --> 00:09:14,360 Speaker 1: three percent? We're talking about one hundred percent increases in 187 00:09:14,400 --> 00:09:16,360 Speaker 1: Super Bowl tickets. If you're just tune in, you're listening 188 00:09:16,440 --> 00:09:19,640 Speaker 1: to the Mark Moss Show. We're talking about shrinkflation and 189 00:09:19,720 --> 00:09:22,320 Speaker 1: how it's eating into your wealth. I'll be right back 190 00:09:22,360 --> 00:09:26,760 Speaker 1: talking more about inflation, shrinkflation and breaking down the real 191 00:09:26,840 --> 00:09:28,640 Speaker 1: root cause on what you can do. Don't go away, 192 00:09:28,640 --> 00:09:30,880 Speaker 1: I'll be right back. All right, Welcome back. If you're 193 00:09:30,880 --> 00:09:32,559 Speaker 1: just tune in, you're listening to the Mark Moss Show. 194 00:09:32,600 --> 00:09:36,200 Speaker 1: We're talking about shrinkflation. We're talking about the government's gas 195 00:09:36,320 --> 00:09:39,959 Speaker 1: lighting us on what shrinkflation is, what the true causes are, 196 00:09:39,960 --> 00:09:42,120 Speaker 1: and just to highlight it, we are going through how 197 00:09:42,160 --> 00:09:45,360 Speaker 1: Biden made an address to the nation right before the 198 00:09:45,360 --> 00:09:48,200 Speaker 1: Super Bowl saying he's fed up with shrinkflation and he 199 00:09:48,240 --> 00:09:51,000 Speaker 1: wants the companies to stop doing it. But we're just 200 00:09:51,040 --> 00:09:53,240 Speaker 1: talking about the real root causes inflation, and we're talking 201 00:09:53,240 --> 00:09:55,439 Speaker 1: about specifically. The Super Bowl tickets are a perfect way 202 00:09:55,440 --> 00:09:58,200 Speaker 1: to see this. The very first Super Bowl tickets were 203 00:09:58,240 --> 00:10:00,559 Speaker 1: ten bucks. It took eight years for the to double 204 00:10:00,600 --> 00:10:02,360 Speaker 1: to twenty bucks. It took six years for them to 205 00:10:02,400 --> 00:10:07,280 Speaker 1: double to forty bucks. Then it took three years to 206 00:10:07,320 --> 00:10:13,280 Speaker 1: go to sixty bucks. Then it took sixteen years to 207 00:10:13,360 --> 00:10:15,520 Speaker 1: double to one hundred and twenty five dollars. That was 208 00:10:15,600 --> 00:10:19,520 Speaker 1: nineteen ninety. Then it took six years to double to 209 00:10:19,640 --> 00:10:23,199 Speaker 1: three hundred and fifty that was nineteen ninety six. Then 210 00:10:23,240 --> 00:10:28,720 Speaker 1: it took twelve years to double to seven hundred. That 211 00:10:28,800 --> 00:10:32,360 Speaker 1: was Super Bowl two thousand and six, seven hundred. Then 212 00:10:32,400 --> 00:10:37,120 Speaker 1: it took another five years to double to fifteen hundred. 213 00:10:37,320 --> 00:10:41,079 Speaker 1: That was in twenty fourteen. And then it only took 214 00:10:41,559 --> 00:10:44,480 Speaker 1: another five years to double to forty three hundred. That 215 00:10:44,520 --> 00:10:47,520 Speaker 1: was Super Bowl twenty nineteen. And then it took one 216 00:10:47,679 --> 00:10:51,319 Speaker 1: year to double from forty three hundred to seventy one hundred. 217 00:10:51,400 --> 00:10:53,840 Speaker 1: That was twenty twenty. And then this year tickets were 218 00:10:53,880 --> 00:10:58,400 Speaker 1: about twenty five thousand dollars. So that's what we call inflation. Now, 219 00:10:58,720 --> 00:11:01,719 Speaker 1: it's not shrink flation shrink inflation. They're basically the same thing. 220 00:11:01,720 --> 00:11:04,080 Speaker 1: It's strengthflation is a way to hide the actual inflation. 221 00:11:04,360 --> 00:11:06,280 Speaker 1: But if there's no better gauge than that, there's also 222 00:11:06,360 --> 00:11:08,120 Speaker 1: like the Big Mac index. I'm not going to read 223 00:11:08,160 --> 00:11:10,160 Speaker 1: that off to you, but like the same Big Mac 224 00:11:10,200 --> 00:11:11,839 Speaker 1: you can see how it costs more and more and more, 225 00:11:11,880 --> 00:11:13,480 Speaker 1: the same gallon of gas, how it costs more and 226 00:11:13,559 --> 00:11:17,520 Speaker 1: more and more, and that is inflation hitting you and 227 00:11:17,640 --> 00:11:22,440 Speaker 1: everybody feels it. But why is the American government going 228 00:11:22,520 --> 00:11:25,280 Speaker 1: out on a full scale campaign to tell us that 229 00:11:25,320 --> 00:11:30,520 Speaker 1: it's not real. Well, part of it is because they 230 00:11:30,800 --> 00:11:32,920 Speaker 1: are facing an election ear and part of it is 231 00:11:32,920 --> 00:11:35,240 Speaker 1: because they're getting ready to do something that's going to 232 00:11:35,360 --> 00:11:37,400 Speaker 1: cause inflation to get even worse. We'll cover that in 233 00:11:37,440 --> 00:11:40,280 Speaker 1: a minute. But what really hit me was actually seeing 234 00:11:40,360 --> 00:11:43,240 Speaker 1: this Biden commercial. Obviously that was a pretty shocking to me, 235 00:11:43,679 --> 00:11:46,720 Speaker 1: and more shocking how everybody seems to fall for that. 236 00:11:47,120 --> 00:11:50,319 Speaker 1: And then at the gym, I said, they have TVs 237 00:11:50,320 --> 00:11:51,840 Speaker 1: on at the gym in the morning. I go there 238 00:11:51,880 --> 00:11:54,200 Speaker 1: before before I come to the studio, and they had 239 00:11:54,240 --> 00:11:57,800 Speaker 1: one on talking about how Americans are feeling it but 240 00:11:58,080 --> 00:12:01,320 Speaker 1: they're not really understanding not as bad as they think 241 00:12:01,360 --> 00:12:04,280 Speaker 1: it is. That was yesterday I saw. And then this 242 00:12:04,320 --> 00:12:07,040 Speaker 1: morning on the gym I saw Janet Yellen was on 243 00:12:07,120 --> 00:12:11,240 Speaker 1: CBS again talking about inflation and how it's not that 244 00:12:11,360 --> 00:12:13,560 Speaker 1: bad and how it's getting better and all these things. 245 00:12:14,040 --> 00:12:16,720 Speaker 1: And so like we have this like full scale media 246 00:12:16,800 --> 00:12:19,200 Speaker 1: blitz going on right now, from Biden addressing the Super 247 00:12:19,240 --> 00:12:23,280 Speaker 1: Bowl to being on mainstream media yesterday to now Janet 248 00:12:23,320 --> 00:12:25,439 Speaker 1: Yellen going on and addressing the nation. When you have 249 00:12:25,559 --> 00:12:28,760 Speaker 1: the president. When you have the Secretary of the US 250 00:12:28,920 --> 00:12:33,599 Speaker 1: Treasury and you have mainstream media running these all consecutively, 251 00:12:34,480 --> 00:12:37,040 Speaker 1: they're trying to get a message out. But what is 252 00:12:37,080 --> 00:12:42,120 Speaker 1: the message? Well, in this exclusive interview, because Janney Ellen 253 00:12:42,160 --> 00:12:44,440 Speaker 1: doesn't do a lot of interviews, and this exclusive interview, 254 00:12:44,840 --> 00:12:46,920 Speaker 1: she tells us what's going on. As matter of fact, 255 00:12:46,960 --> 00:12:49,040 Speaker 1: let's go ahead and play this clip here. 256 00:12:49,559 --> 00:12:53,280 Speaker 3: Do you think the president can win in Michigan in November? 257 00:12:54,080 --> 00:12:55,439 Speaker 4: Well, I certainly hope. 258 00:12:55,480 --> 00:12:55,560 Speaker 3: So. 259 00:12:56,640 --> 00:12:59,520 Speaker 4: I think the economy is going to be good and strong. 260 00:13:00,000 --> 00:13:03,040 Speaker 3: The Michigan economy is critical for Biden's re election campaign. 261 00:13:03,720 --> 00:13:06,200 Speaker 1: So there you have it, right. As I said, money 262 00:13:06,200 --> 00:13:09,040 Speaker 1: should not be political. But yet here she is saying 263 00:13:09,120 --> 00:13:12,520 Speaker 1: it's critical for Biden to win the election. She's sure, 264 00:13:12,520 --> 00:13:14,760 Speaker 1: hope so, And what's critical for Biden to win the 265 00:13:14,760 --> 00:13:18,319 Speaker 1: election is to get the economy under control, get inflation 266 00:13:18,559 --> 00:13:21,280 Speaker 1: under control. And there you can hear it. Now. I 267 00:13:21,320 --> 00:13:23,920 Speaker 1: love it when people say that the FED is independent 268 00:13:24,120 --> 00:13:26,240 Speaker 1: and the Treasury is looking out for the American people, 269 00:13:26,240 --> 00:13:28,560 Speaker 1: But here you can say hear it directly that they 270 00:13:28,600 --> 00:13:33,040 Speaker 1: are working specifically for Biden's re election campaign. Now, when 271 00:13:33,080 --> 00:13:36,520 Speaker 1: you understand that, and you understand that it's a political motivation, 272 00:13:36,920 --> 00:13:39,640 Speaker 1: then it's much easier to understand what it is that 273 00:13:39,679 --> 00:13:43,080 Speaker 1: they might be doing and why they might be doing it. Now, 274 00:13:43,120 --> 00:13:45,360 Speaker 1: you see a lot of people constantly tell me over 275 00:13:45,400 --> 00:13:47,680 Speaker 1: and over and over, you don't understand Mark. The Fed 276 00:13:47,800 --> 00:13:50,640 Speaker 1: can't pivot off their position, the Treasury and the Fed. 277 00:13:50,679 --> 00:13:53,680 Speaker 1: They can't continue to ease the monetary situation because inflation 278 00:13:53,760 --> 00:13:57,160 Speaker 1: will rage. But as you hear it right there, it's 279 00:13:57,320 --> 00:14:01,120 Speaker 1: critical for the reelection campaign. They would much rather have 280 00:14:01,200 --> 00:14:05,360 Speaker 1: inflation than the opposite, which is deflation. Let's go ahead 281 00:14:05,360 --> 00:14:08,040 Speaker 1: and play this next clip so you can hear exactly 282 00:14:09,240 --> 00:14:10,440 Speaker 1: she's saying it. Let's go ahead. 283 00:14:10,800 --> 00:14:15,599 Speaker 4: Americans should feel confident that inflation will come down to 284 00:14:15,800 --> 00:14:21,240 Speaker 4: levels that will no longer really be noticeable or worrisome 285 00:14:21,720 --> 00:14:23,440 Speaker 4: to them. 286 00:14:23,440 --> 00:14:28,320 Speaker 1: So Americans should be confident that it will come down. 287 00:14:28,400 --> 00:14:30,200 Speaker 1: So look, I get it, I get it. I get it. 288 00:14:31,160 --> 00:14:32,560 Speaker 1: You can't afford the same quality of life that you 289 00:14:32,600 --> 00:14:35,240 Speaker 1: had before, and you know you have to eat hamburger 290 00:14:35,280 --> 00:14:37,440 Speaker 1: meat instead of steak now, and you can't drive to 291 00:14:37,440 --> 00:14:39,160 Speaker 1: go see your mom on the weekend because you can't 292 00:14:39,160 --> 00:14:40,800 Speaker 1: afford the gas. I get it, I get it. But 293 00:14:42,120 --> 00:14:45,240 Speaker 1: be confident knowing that it's going to come down. It's 294 00:14:45,240 --> 00:14:47,560 Speaker 1: going to be better. And the best part that she 295 00:14:47,640 --> 00:14:49,240 Speaker 1: said here towards the end, I'm going to play it 296 00:14:49,280 --> 00:14:50,000 Speaker 1: back one more time. 297 00:14:50,680 --> 00:14:55,440 Speaker 4: Americans should feel confident that inflation will come down to 298 00:14:55,680 --> 00:15:01,120 Speaker 4: levels that will no longer really be noticeable or worrisome 299 00:15:01,560 --> 00:15:02,160 Speaker 4: to them. 300 00:15:02,720 --> 00:15:06,280 Speaker 1: So she said it will come back down to levels 301 00:15:06,320 --> 00:15:10,680 Speaker 1: that are no longer noticeable. So what does that mean. 302 00:15:10,840 --> 00:15:13,360 Speaker 1: Let's think about that for a second. So she is 303 00:15:13,400 --> 00:15:19,600 Speaker 1: basically saying that inflation is stealing your wealth, it's eroding 304 00:15:19,640 --> 00:15:23,440 Speaker 1: your purchasing power. People are upset about this, rightfully so, 305 00:15:24,120 --> 00:15:26,240 Speaker 1: and their goal is to get it down to a 306 00:15:26,320 --> 00:15:28,920 Speaker 1: level that you don't really notice it, like the frog 307 00:15:29,000 --> 00:15:31,200 Speaker 1: that's in the boiling pot of water, so to speak. 308 00:15:31,400 --> 00:15:34,800 Speaker 1: You see, the Fed has a target of two percent inflation. 309 00:15:34,920 --> 00:15:37,920 Speaker 1: That's their target. So that means they only want inflation 310 00:15:38,000 --> 00:15:41,760 Speaker 1: to go up by two percent, right, But what that 311 00:15:41,880 --> 00:15:45,400 Speaker 1: means is that they're stealing two percent of my wealth. 312 00:15:45,880 --> 00:15:49,880 Speaker 1: So if I have if I have one hundred thousand 313 00:15:49,920 --> 00:15:52,320 Speaker 1: dollars in the bank, I could buy one hundred thousand 314 00:15:52,360 --> 00:15:55,440 Speaker 1: dollars worth of goods today. But at two percent inflation, 315 00:15:56,000 --> 00:15:59,040 Speaker 1: over five years, I can only buy ninety thousand dollars 316 00:15:59,080 --> 00:16:01,040 Speaker 1: worth of goods and services, even though I still have 317 00:16:01,160 --> 00:16:04,200 Speaker 1: the one hundred thousand in the bank. It only buys 318 00:16:04,240 --> 00:16:06,560 Speaker 1: me ninety thousand worth of goods, so they didn't actually 319 00:16:06,600 --> 00:16:08,960 Speaker 1: steal my money. As in currency units, I still have 320 00:16:09,000 --> 00:16:12,280 Speaker 1: one hundred thousand units of currency. It's the purchasing power 321 00:16:12,320 --> 00:16:14,560 Speaker 1: of that. And what she's saying is we want to 322 00:16:14,600 --> 00:16:16,640 Speaker 1: slow it down to a point that the people, the 323 00:16:16,680 --> 00:16:19,880 Speaker 1: American people, don't realize how much we're stealing from them. 324 00:16:20,240 --> 00:16:22,960 Speaker 1: You see, if people get too much stolen from them, 325 00:16:22,960 --> 00:16:26,080 Speaker 1: they become very angry. We see this happening in other 326 00:16:26,120 --> 00:16:29,480 Speaker 1: countries all over the place, and it quickly erodes the currency. 327 00:16:29,520 --> 00:16:31,520 Speaker 1: So she says that exactly, let's go ahead and play 328 00:16:31,520 --> 00:16:32,080 Speaker 1: this next clip. 329 00:16:32,120 --> 00:16:35,440 Speaker 3: Here, are you and President Biden happy with where inflation 330 00:16:35,560 --> 00:16:36,120 Speaker 3: is right now? 331 00:16:36,400 --> 00:16:42,280 Speaker 4: Well, look, we know that Americans are experiencing discomfort because 332 00:16:42,360 --> 00:16:48,280 Speaker 4: some important prices are hires than they were pre pandemic. 333 00:16:48,400 --> 00:16:52,359 Speaker 4: But what I think is really important is that wages 334 00:16:52,520 --> 00:16:54,720 Speaker 4: have gone up along with prices. 335 00:16:55,800 --> 00:16:59,000 Speaker 1: So she said that it's not really a problem. She said, 336 00:16:59,360 --> 00:17:02,960 Speaker 1: some Americans feel it, you know, some Americans because some 337 00:17:03,040 --> 00:17:04,880 Speaker 1: of the important things they need to buy have gone 338 00:17:04,960 --> 00:17:07,080 Speaker 1: up some of them. But the important thing to keep 339 00:17:07,119 --> 00:17:10,240 Speaker 1: in mind is that your wages have gone up. Okay, 340 00:17:10,880 --> 00:17:14,320 Speaker 1: so that part is true, But the question is have 341 00:17:14,480 --> 00:17:19,960 Speaker 1: wages gone up enough to offset the price is going up? Right? 342 00:17:20,000 --> 00:17:22,760 Speaker 1: So she doesn't say that part, and that's the part 343 00:17:22,800 --> 00:17:24,880 Speaker 1: that's the most important piece. So I want to break 344 00:17:24,920 --> 00:17:26,840 Speaker 1: down this data for you. As a matter of fact. 345 00:17:26,880 --> 00:17:29,960 Speaker 1: We'll look at how much prices have gone up, We'll 346 00:17:30,000 --> 00:17:32,560 Speaker 1: look at how much wages have gone up, and we'll 347 00:17:32,600 --> 00:17:35,919 Speaker 1: start to look at the fracturing going on in the 348 00:17:36,160 --> 00:17:39,320 Speaker 1: economy in people's lives like you. We'll hear from a 349 00:17:39,359 --> 00:17:42,000 Speaker 1: couple people they interviewed in this segment afterwards to hear 350 00:17:42,000 --> 00:17:44,320 Speaker 1: what they have to say, and then of course we're 351 00:17:44,320 --> 00:17:45,879 Speaker 1: going to talk about what you could be doing to 352 00:17:45,880 --> 00:17:47,879 Speaker 1: protect yourself from this. If you're just tuning in and 353 00:17:47,880 --> 00:17:49,760 Speaker 1: you're listening to the Mark Mas Show, of course we're 354 00:17:49,760 --> 00:17:52,199 Speaker 1: talking about the way the world is changing as we 355 00:17:52,200 --> 00:17:54,760 Speaker 1: look at through lens of politics, finance, and technology. Today 356 00:17:54,800 --> 00:17:58,240 Speaker 1: we're talking about inflation, shrinkflation and why the government is 357 00:17:58,240 --> 00:18:00,200 Speaker 1: gaslighting on it. We're back with more minute to oka 358 00:18:00,200 --> 00:18:03,159 Speaker 1: away I'll wear back. All right, welcome back. So if 359 00:18:03,160 --> 00:18:05,000 Speaker 1: you're just tune in, you're listening to the Mark Mass Show, 360 00:18:05,000 --> 00:18:09,440 Speaker 1: we're talking about inflation or shrinkflation and why the government 361 00:18:09,480 --> 00:18:12,000 Speaker 1: is on a full court press to gaslight you. We 362 00:18:12,040 --> 00:18:14,080 Speaker 1: just listened to a clip from Janet Yellen going and 363 00:18:14,119 --> 00:18:18,200 Speaker 1: addressing the nation on CBS News saying that, well, you know, 364 00:18:18,280 --> 00:18:20,080 Speaker 1: some people might notice that some of the important things 365 00:18:20,119 --> 00:18:22,320 Speaker 1: have gone up, but the important thing that they should 366 00:18:22,320 --> 00:18:26,200 Speaker 1: know is that wages have gone up as well. Okay, 367 00:18:26,840 --> 00:18:30,240 Speaker 1: so again that's true, but we have to dig into 368 00:18:30,240 --> 00:18:32,680 Speaker 1: the data to find out is that true or not. So, yes, 369 00:18:32,840 --> 00:18:34,679 Speaker 1: prices have gone up, and yes, wages have gone up. 370 00:18:34,720 --> 00:18:38,760 Speaker 1: The question is have wages gone up more than the 371 00:18:38,760 --> 00:18:41,760 Speaker 1: prices so or have they gone up less? Because at 372 00:18:41,760 --> 00:18:43,680 Speaker 1: the end of the day, we're trying to figure out, 373 00:18:43,720 --> 00:18:46,240 Speaker 1: if we cut through all this noise, is is our 374 00:18:46,400 --> 00:18:50,680 Speaker 1: quality of life going up or down? Am I able 375 00:18:50,720 --> 00:18:53,240 Speaker 1: to buy more goods and services in the future or 376 00:18:53,320 --> 00:18:56,840 Speaker 1: less goods and services? Can I work less hours to 377 00:18:56,920 --> 00:19:00,879 Speaker 1: achieve the same quality of life or less? Inflation has 378 00:19:00,880 --> 00:19:03,120 Speaker 1: been taken that away as a matter of fact, inflation 379 00:19:03,359 --> 00:19:10,360 Speaker 1: added was it three hundred dollars per month of increase. 380 00:19:10,520 --> 00:19:12,240 Speaker 1: The for the average meetia and income in the United 381 00:19:12,240 --> 00:19:14,280 Speaker 1: States at about three and twenty seven dollars a month 382 00:19:15,040 --> 00:19:17,960 Speaker 1: just to maintain their average quality of life. And so 383 00:19:18,000 --> 00:19:20,760 Speaker 1: if you make thirty two dollars an hour, that's ten 384 00:19:21,000 --> 00:19:24,880 Speaker 1: extra hours per month you have to work in order 385 00:19:24,880 --> 00:19:26,760 Speaker 1: to maintain the same quality of life that you had 386 00:19:26,800 --> 00:19:31,160 Speaker 1: just a month before. So the question is are they 387 00:19:31,200 --> 00:19:33,760 Speaker 1: going up? And the key there's a couple things that 388 00:19:33,760 --> 00:19:34,840 Speaker 1: I want to dig into. We're going to go through 389 00:19:34,840 --> 00:19:37,680 Speaker 1: these numbers. A couple things is, first of all, the 390 00:19:37,720 --> 00:19:42,119 Speaker 1: price is going up. The CPI, the consumer price and 391 00:19:42,720 --> 00:19:45,960 Speaker 1: inflation is given to us. That number is given to 392 00:19:46,040 --> 00:19:48,920 Speaker 1: us by the BLS, the Bureau of Labor Statistics, which 393 00:19:48,960 --> 00:19:52,040 Speaker 1: is the government. And it's important to understand that they 394 00:19:52,280 --> 00:19:55,480 Speaker 1: change that the way they calculate that number all the 395 00:19:55,520 --> 00:19:59,239 Speaker 1: time through since the eighties, since they started calculating that, 396 00:19:59,480 --> 00:20:03,840 Speaker 1: there's been multiple occasions where they've overhauled it dramatically. They 397 00:20:03,920 --> 00:20:07,840 Speaker 1: constantly manipulate the basket to get different types of outcomes. 398 00:20:07,880 --> 00:20:10,359 Speaker 1: Will break that down for you, and so the number 399 00:20:10,400 --> 00:20:14,240 Speaker 1: that they're telling us is the official government number, but 400 00:20:14,280 --> 00:20:17,080 Speaker 1: it's not the real number. And this is why it's 401 00:20:17,240 --> 00:20:20,639 Speaker 1: different for people like you and I is dealing with 402 00:20:20,680 --> 00:20:23,200 Speaker 1: this on a daily basis than it is for them 403 00:20:23,320 --> 00:20:26,960 Speaker 1: sitting on their high horse looking at official government data. 404 00:20:27,040 --> 00:20:29,879 Speaker 1: Because the official government data is wrong. Let's play a 405 00:20:29,880 --> 00:20:33,080 Speaker 1: clip right here of from the same interview with Jenna 406 00:20:33,119 --> 00:20:35,119 Speaker 1: al and CBS, and let's hear what people have to 407 00:20:35,119 --> 00:20:35,800 Speaker 1: say about this. 408 00:20:36,359 --> 00:20:39,439 Speaker 3: And while economic data points to a healthy economy, a 409 00:20:39,520 --> 00:20:42,080 Speaker 3: different story is playing out in their day to day lives. 410 00:20:42,480 --> 00:20:45,200 Speaker 4: You have to get creative to supplement because it is 411 00:20:45,280 --> 00:20:45,879 Speaker 4: not working. 412 00:20:46,040 --> 00:20:49,120 Speaker 3: How do you feel? I worry who Saint Debaje struggles 413 00:20:49,119 --> 00:20:52,080 Speaker 3: with inflation in his small businesses. So within my kitchen 414 00:20:52,119 --> 00:20:54,000 Speaker 3: cabinetry company, it's completely different. 415 00:20:54,040 --> 00:20:56,159 Speaker 1: I mean, the price of material continues to climb. 416 00:20:56,520 --> 00:20:58,359 Speaker 3: What does that do to the volume of your business? 417 00:20:58,640 --> 00:21:01,399 Speaker 1: It brings it down? Business is the valuation of his 418 00:21:01,440 --> 00:21:04,040 Speaker 1: business is going down. It gets harder and harder for 419 00:21:04,119 --> 00:21:06,960 Speaker 1: his business to succeed because the cost of his materials 420 00:21:07,000 --> 00:21:08,919 Speaker 1: is going up too fast. That's what he said. The 421 00:21:08,960 --> 00:21:11,040 Speaker 1: first person said that he has to continue to get 422 00:21:11,080 --> 00:21:15,000 Speaker 1: more and more creative just to make ends meet, picking 423 00:21:15,119 --> 00:21:20,360 Speaker 1: up gigwork, working side jobs, skimping right, buying lesser quality 424 00:21:20,400 --> 00:21:23,800 Speaker 1: goods and services. So abstaining for buying goods and services, now, 425 00:21:23,800 --> 00:21:26,200 Speaker 1: when that happens, that's that's a trickle down effect for 426 00:21:26,240 --> 00:21:28,399 Speaker 1: the rest of the economy. If I abstain, if I 427 00:21:28,680 --> 00:21:31,040 Speaker 1: go out to dinner less, if I buy less goods 428 00:21:31,080 --> 00:21:33,480 Speaker 1: and services, that means all those businesses that I would 429 00:21:33,520 --> 00:21:35,480 Speaker 1: have I would have gone to to buy those things 430 00:21:35,680 --> 00:21:39,480 Speaker 1: suffer as well. So while they say the official data 431 00:21:39,640 --> 00:21:44,240 Speaker 1: is actually good, the word on the street is the opposite. 432 00:21:44,640 --> 00:21:47,080 Speaker 1: We can see that. Let's see here, wages have gone 433 00:21:47,119 --> 00:21:51,120 Speaker 1: up with inflation. Perficial numbers Americans paychecks puzzle, almost two 434 00:21:51,119 --> 00:21:53,639 Speaker 1: and three workers got to pay increase this year, but 435 00:21:53,800 --> 00:21:57,400 Speaker 1: they say they lost ground to inflation. That's per Bank 436 00:21:57,480 --> 00:22:02,399 Speaker 1: rate survey. So inflation has been coming down, but the 437 00:22:02,480 --> 00:22:04,520 Speaker 1: prices don't. And this is a key piece. So what 438 00:22:04,640 --> 00:22:07,439 Speaker 1: happens is inflation raged. As a matter of fact, we 439 00:22:07,480 --> 00:22:10,720 Speaker 1: saw prices go up by about fifty percent over about 440 00:22:10,760 --> 00:22:14,680 Speaker 1: a thirty six month period, and so it became unaffordable 441 00:22:14,680 --> 00:22:17,359 Speaker 1: for most people. Then because of that, inflation went up. 442 00:22:17,440 --> 00:22:20,480 Speaker 1: Then eventually the employers were forced to increase their rate 443 00:22:20,520 --> 00:22:23,800 Speaker 1: of pay. So then the pay went up and inflation 444 00:22:23,920 --> 00:22:26,520 Speaker 1: has slowed, so instead of seeing I mean, officially we 445 00:22:26,520 --> 00:22:29,359 Speaker 1: got up to nine percent inflation, unofficially we were probably 446 00:22:29,400 --> 00:22:31,880 Speaker 1: at twenty percent inflation depends on what goods and services 447 00:22:31,880 --> 00:22:34,520 Speaker 1: that you're talking about, obviously, so we're seeing, you know, 448 00:22:34,560 --> 00:22:38,000 Speaker 1: anywhere from ten to twenty percent inflation, and those prices 449 00:22:38,280 --> 00:22:41,159 Speaker 1: go up exponentially because it's inflation on the inflation on 450 00:22:41,160 --> 00:22:45,760 Speaker 1: the inflation. Now, inflation has slowed and wages have gone up. 451 00:22:45,800 --> 00:22:47,800 Speaker 1: So the government's like, oh, good job, good job, good job. 452 00:22:47,800 --> 00:22:50,480 Speaker 1: We've got inflation down to three percent, and now wage 453 00:22:50,520 --> 00:22:52,919 Speaker 1: growth is that five percent, So good job. But it 454 00:22:52,960 --> 00:22:56,040 Speaker 1: doesn't take into account that all those prices had just 455 00:22:56,080 --> 00:22:59,680 Speaker 1: gone up fifty percent and people's pay didn't. See that's 456 00:22:59,720 --> 00:23:02,760 Speaker 1: the thing. This is why there's this big disparity. So 457 00:23:02,760 --> 00:23:05,560 Speaker 1: they want to point to the official data and tell 458 00:23:05,600 --> 00:23:09,000 Speaker 1: you that what you're seeing, what's your feeling, it's not real. 459 00:23:09,800 --> 00:23:12,600 Speaker 1: Now Biden says, it might be real, but it's actually 460 00:23:12,640 --> 00:23:15,119 Speaker 1: the greedy business's fault. But what they're trying to tell 461 00:23:15,119 --> 00:23:17,720 Speaker 1: you is that, as Jennet Yellen just said, but you know, 462 00:23:17,800 --> 00:23:19,600 Speaker 1: the thing is is that wages are going up, you 463 00:23:19,640 --> 00:23:22,760 Speaker 1: should be okay, you don't. You shouldn't have to go 464 00:23:22,800 --> 00:23:28,560 Speaker 1: get so creative. Apparently now to Yellen's credit, like I said, 465 00:23:28,560 --> 00:23:30,640 Speaker 1: wages did rise as a matter of fact from twenty 466 00:23:30,640 --> 00:23:33,320 Speaker 1: twenty to twenty twenty two as the price of goods 467 00:23:33,320 --> 00:23:36,159 Speaker 1: and services went up with higher inflation than wages went 468 00:23:36,200 --> 00:23:38,879 Speaker 1: up to right, And now inflation has come down. But 469 00:23:39,359 --> 00:23:42,480 Speaker 1: per the poll, only fourteen percent of American voters say 470 00:23:42,520 --> 00:23:46,800 Speaker 1: they are better off financially now. They're better off financially 471 00:23:46,920 --> 00:23:51,760 Speaker 1: under this current administration, which means that the eighty six 472 00:23:51,800 --> 00:23:55,760 Speaker 1: percent believe that they are in a worse situation than 473 00:23:55,760 --> 00:23:58,119 Speaker 1: when Biden took office. Now, this is not to make 474 00:23:58,160 --> 00:24:00,919 Speaker 1: it political. It should not be political. Money should be neutral. 475 00:24:01,359 --> 00:24:02,760 Speaker 1: And that's kind of the key piece that I had 476 00:24:02,760 --> 00:24:06,080 Speaker 1: on all the time with a sound money standard. Money 477 00:24:06,119 --> 00:24:08,800 Speaker 1: should not be a political tool. Money is what the 478 00:24:08,800 --> 00:24:11,280 Speaker 1: money is. The economics is what the economics is. If 479 00:24:11,320 --> 00:24:13,600 Speaker 1: you're a business owner, you made a bad business decision, 480 00:24:13,760 --> 00:24:16,359 Speaker 1: that's on you. It shouldn't be a political decision. But 481 00:24:16,440 --> 00:24:19,600 Speaker 1: yet here we are. And so because it is turned 482 00:24:19,640 --> 00:24:22,680 Speaker 1: into a political situation, now we have American voters saying 483 00:24:22,680 --> 00:24:27,359 Speaker 1: that it's the administration's fault that leads to that that 484 00:24:27,400 --> 00:24:29,719 Speaker 1: makes sense. But we can see that wage growth has 485 00:24:29,760 --> 00:24:32,640 Speaker 1: been slowing for a long time. And what we use, 486 00:24:32,680 --> 00:24:35,560 Speaker 1: what the government uses, is something called real wage growth, 487 00:24:35,680 --> 00:24:38,920 Speaker 1: and real wage growth is wage growth adjusted for inflation. 488 00:24:39,760 --> 00:24:42,359 Speaker 1: And if we do that, we can see that Americans 489 00:24:42,400 --> 00:24:46,040 Speaker 1: experienced negative real wage growth for the majority of twenty 490 00:24:46,080 --> 00:24:48,159 Speaker 1: twenty one to twenty twenty two, which is exactly what 491 00:24:48,200 --> 00:24:51,840 Speaker 1: I was talking about. But that's real wage growth. And 492 00:24:51,880 --> 00:24:57,159 Speaker 1: again that also assumes that we're using the government's numbers. 493 00:24:58,480 --> 00:25:02,400 Speaker 1: That's the problem with the real wag's growth is that 494 00:25:02,600 --> 00:25:07,040 Speaker 1: we're using the manipulated CPI data. For example, many ways 495 00:25:07,040 --> 00:25:11,320 Speaker 1: they manipulate the CPI data so they have like an adjustment. 496 00:25:11,400 --> 00:25:13,679 Speaker 1: So what it's supposed to be is very simple. Right, 497 00:25:13,720 --> 00:25:15,200 Speaker 1: So like I went to the grocery store. I bought 498 00:25:15,200 --> 00:25:17,320 Speaker 1: a basket of goods, so I have my shopping cart, 499 00:25:17,480 --> 00:25:20,440 Speaker 1: and I put my Ribbi steak, sixteen ounces of Ribby steak, 500 00:25:20,480 --> 00:25:23,160 Speaker 1: I put one gallon of milk, I put one pound 501 00:25:23,240 --> 00:25:25,280 Speaker 1: of cheese or whatever, right, and then it's supposed to 502 00:25:25,320 --> 00:25:30,520 Speaker 1: track that same basket throughout over time, so we can 503 00:25:30,560 --> 00:25:33,320 Speaker 1: see how price is changed. But the problem what they've 504 00:25:33,320 --> 00:25:37,400 Speaker 1: done is they've changed the basket, so they have what's 505 00:25:37,400 --> 00:25:40,240 Speaker 1: called substitution. So they say, well, we're not going to 506 00:25:40,400 --> 00:25:43,640 Speaker 1: use a steak anymore, let's just put hamburger meat. Oh, 507 00:25:43,680 --> 00:25:45,480 Speaker 1: hamberger meat's gone up too much. Well let's take out 508 00:25:45,480 --> 00:25:47,920 Speaker 1: the low fat hammer meat and put the high fat 509 00:25:47,920 --> 00:25:50,440 Speaker 1: hammger meat. Okay, let's take that out and let's put 510 00:25:50,600 --> 00:25:53,240 Speaker 1: tofu in instead. And so they do the exchanges. Another 511 00:25:53,240 --> 00:25:56,280 Speaker 1: thing that they do is they adjust the prices for 512 00:25:56,640 --> 00:26:01,880 Speaker 1: improvement gains. So they'll say, for example, well gasoline quality 513 00:26:01,920 --> 00:26:05,760 Speaker 1: has improved, so we're going to offset the improvement in 514 00:26:05,800 --> 00:26:10,560 Speaker 1: gasoline for the price increases. Another big thing they do 515 00:26:10,680 --> 00:26:14,600 Speaker 1: so about thirty five percent of the CPI basket is 516 00:26:14,680 --> 00:26:17,600 Speaker 1: made up over home prices or rent prices, so it's 517 00:26:17,640 --> 00:26:19,240 Speaker 1: not the cost of the home, it's the payment of 518 00:26:19,280 --> 00:26:22,520 Speaker 1: the home. And what they do is they randomly pull people. 519 00:26:22,880 --> 00:26:24,840 Speaker 1: I own multiple houses. I've never been pulled, so I'm 520 00:26:24,840 --> 00:26:26,920 Speaker 1: not sure who they're pulling, but they just randomly pull 521 00:26:27,000 --> 00:26:30,640 Speaker 1: people and ask them, hey, homeowner, what do you think 522 00:26:30,680 --> 00:26:33,520 Speaker 1: you could rent your house for if you were going 523 00:26:33,520 --> 00:26:35,840 Speaker 1: to rent it. So it's called the rent rent owner 524 00:26:36,000 --> 00:26:39,840 Speaker 1: owner's equivalent. So they're just doing these random polls. That's 525 00:26:39,840 --> 00:26:41,439 Speaker 1: where they get in the data. They're not pulling it 526 00:26:41,480 --> 00:26:44,080 Speaker 1: from like rent dot com or Zillo. They're not pulling 527 00:26:44,119 --> 00:26:46,560 Speaker 1: like actual data. They're just randomly pulling it. And that 528 00:26:46,600 --> 00:26:50,639 Speaker 1: makes up thirty five percent of that CPI basket. So 529 00:26:50,640 --> 00:26:54,480 Speaker 1: you can see how that is manipulated. If you're just 530 00:26:54,480 --> 00:26:56,199 Speaker 1: tuning in, you're listening to the Mark Wall Show, we're 531 00:26:56,240 --> 00:26:59,280 Speaker 1: talking about inflation. We're talking about shrinkflation. We're talking about 532 00:26:59,280 --> 00:27:01,600 Speaker 1: why the government is trying to gaslight you on this. 533 00:27:01,880 --> 00:27:05,760 Speaker 1: When we come back, I want to talk about why 534 00:27:05,800 --> 00:27:09,200 Speaker 1: they've changed the definition of inflation, why that's been done, 535 00:27:09,800 --> 00:27:12,639 Speaker 1: how understanding the true definition of it actually leads to 536 00:27:12,720 --> 00:27:15,399 Speaker 1: us understanding this better, and then how that leads to 537 00:27:15,480 --> 00:27:17,720 Speaker 1: us being able to formulate a plan to protect ourselves 538 00:27:17,720 --> 00:27:20,320 Speaker 1: from this ad as is all going down. So don't 539 00:27:20,320 --> 00:27:21,800 Speaker 1: want you don't want to miss this last piece. We're 540 00:27:21,800 --> 00:27:23,359 Speaker 1: going to bring it all together. If you're just tuning in, 541 00:27:23,359 --> 00:27:24,960 Speaker 1: you listening to the Mark Mass Show, don't go away. 542 00:27:25,200 --> 00:27:30,000 Speaker 1: I'll be right back, all right, Welcome back. If you're 543 00:27:30,000 --> 00:27:31,640 Speaker 1: just tuning in, you're listening to the Mark Mass Show, 544 00:27:31,640 --> 00:27:35,720 Speaker 1: We're talking about shrinkflation. Inflation and why the government is 545 00:27:35,800 --> 00:27:39,800 Speaker 1: on a full fledged attack to gaslight you on this subject. 546 00:27:39,960 --> 00:27:42,000 Speaker 1: And so we talked about it. Let's just recap a 547 00:27:42,000 --> 00:27:44,800 Speaker 1: couple of these pieces before we go into understanding it 548 00:27:44,840 --> 00:27:46,840 Speaker 1: from a different angle and then how do we protect 549 00:27:46,880 --> 00:27:49,399 Speaker 1: ourselves from it. But we saw Biden go on and 550 00:27:49,440 --> 00:27:53,240 Speaker 1: address the world before the Super Bowl. We've seen mainstream 551 00:27:53,240 --> 00:27:55,720 Speaker 1: media running pieces all week talking about how it's not 552 00:27:55,760 --> 00:27:58,560 Speaker 1: as bad as people think it is. We've seen Janet Yellen, 553 00:27:58,600 --> 00:28:00,679 Speaker 1: the head of US Treasury, just went on with an 554 00:28:00,680 --> 00:28:04,560 Speaker 1: exclusive interview to explain that it's not as bad as 555 00:28:04,600 --> 00:28:07,080 Speaker 1: people thinking his and wages have been going up and 556 00:28:07,119 --> 00:28:08,639 Speaker 1: all of these things. So we have this full court 557 00:28:08,680 --> 00:28:10,879 Speaker 1: press onto that. And part of the reason why to 558 00:28:10,920 --> 00:28:13,480 Speaker 1: summarize this is because of what she said I played 559 00:28:13,560 --> 00:28:17,600 Speaker 1: in the first clip. It's critical for the economy to 560 00:28:17,640 --> 00:28:20,440 Speaker 1: be in a good place for the Biden administration for 561 00:28:20,520 --> 00:28:22,600 Speaker 1: the reelection. She said that that was the first clip 562 00:28:22,640 --> 00:28:24,760 Speaker 1: that we played, so you understand it now, and so 563 00:28:25,000 --> 00:28:27,600 Speaker 1: understanding that tells us what is going to happen for 564 00:28:27,600 --> 00:28:28,720 Speaker 1: the rest of the year. Like I said, a lot 565 00:28:28,760 --> 00:28:30,760 Speaker 1: of people think that we're going to see some tough 566 00:28:30,840 --> 00:28:33,280 Speaker 1: choices made, we're going to see some the FED pivot 567 00:28:33,320 --> 00:28:36,160 Speaker 1: that everyone's waiting to see. Maybe won't come back because 568 00:28:36,160 --> 00:28:39,560 Speaker 1: they're afraid of inflation. Maybe the fiscal government will spend 569 00:28:39,680 --> 00:28:42,040 Speaker 1: less money because they're afraid of inflation. But what she's 570 00:28:42,080 --> 00:28:45,640 Speaker 1: saying is that's not their main problem. Their main problem 571 00:28:45,720 --> 00:28:47,920 Speaker 1: is getting Biden reelected, and the economy has to be 572 00:28:47,960 --> 00:28:51,520 Speaker 1: strong for that. And so they would rather tell you 573 00:28:53,080 --> 00:28:55,880 Speaker 1: that you don't see inflation, you don't suffer from inflation. 574 00:28:55,920 --> 00:28:57,560 Speaker 1: Inflation's not a problem. As a matter of fact, inflations 575 00:28:57,600 --> 00:29:00,000 Speaker 1: under control and your wages are growing. Just just trust 576 00:29:00,120 --> 00:29:03,320 Speaker 1: them as your true source of trust so that they 577 00:29:03,360 --> 00:29:07,640 Speaker 1: have cover to crank the inflation up even more. All right, 578 00:29:07,680 --> 00:29:10,200 Speaker 1: So now that's sort of the high level of why 579 00:29:10,200 --> 00:29:13,600 Speaker 1: we want to understand this. Now let's dig into inflation 580 00:29:13,640 --> 00:29:16,720 Speaker 1: so we can understand this a little bit better. And 581 00:29:16,760 --> 00:29:20,640 Speaker 1: what I mean here, Okay, the fundamental problem with understanding 582 00:29:20,640 --> 00:29:23,120 Speaker 1: inflation and how it affects us and what we should 583 00:29:23,160 --> 00:29:26,840 Speaker 1: be doing about it is the failure to define the 584 00:29:26,840 --> 00:29:32,120 Speaker 1: problem properly. You see, what they call inflation isn't what 585 00:29:32,160 --> 00:29:34,440 Speaker 1: I consider inflation. It looks like I think it's the 586 00:29:34,480 --> 00:29:38,400 Speaker 1: wrong definition of it. Inflation is not. And this is 587 00:29:38,440 --> 00:29:40,880 Speaker 1: per the Austrian school of economics, which they don't really 588 00:29:40,920 --> 00:29:43,560 Speaker 1: teach in college because they don't want people to understand this. 589 00:29:43,960 --> 00:29:46,160 Speaker 1: They want to teach you kinsy in economics. So it's 590 00:29:46,240 --> 00:29:50,920 Speaker 1: distorted everything. One of the things that people, I don't 591 00:29:50,960 --> 00:29:53,280 Speaker 1: know who they are, the leaders. What the government does 592 00:29:53,320 --> 00:29:55,880 Speaker 1: is they try to change the definition of a word 593 00:29:56,680 --> 00:30:00,120 Speaker 1: so that they can make it fit their use. Then 594 00:30:00,200 --> 00:30:02,600 Speaker 1: they can win an argument. Okay, let me give you 595 00:30:02,600 --> 00:30:04,960 Speaker 1: a couple examples of this. And this is obviously inflation 596 00:30:05,040 --> 00:30:07,440 Speaker 1: is one. Let me use a different one. Let's say 597 00:30:07,440 --> 00:30:09,800 Speaker 1: in the United States, we have a second Amendment, the 598 00:30:09,880 --> 00:30:12,680 Speaker 1: right to bear arms. Well, that is guaranteed to us 599 00:30:12,680 --> 00:30:15,320 Speaker 1: by our constitution, and it says in the Constitution, why 600 00:30:15,360 --> 00:30:18,719 Speaker 1: that's guaranteed to prevent tyranny, right, and things like that, 601 00:30:18,800 --> 00:30:21,120 Speaker 1: to keep it well armed militia. Right. It tells us that. 602 00:30:21,360 --> 00:30:24,880 Speaker 1: But what the government has done is they tried to 603 00:30:24,960 --> 00:30:27,040 Speaker 1: change the definition of that and they try to say that, well, 604 00:30:27,080 --> 00:30:29,880 Speaker 1: the purpose of that was for self defense. You see, 605 00:30:29,880 --> 00:30:32,160 Speaker 1: that's an argument they could win. But you don't need 606 00:30:32,200 --> 00:30:34,000 Speaker 1: self defense. If nobody has a gun, then you don't 607 00:30:34,040 --> 00:30:35,200 Speaker 1: need to have a gun, and why do you need 608 00:30:35,240 --> 00:30:36,640 Speaker 1: to have a gun because the police have guns and 609 00:30:36,640 --> 00:30:39,080 Speaker 1: they can protect you. See, they can win that argument. 610 00:30:39,720 --> 00:30:42,120 Speaker 1: But the argument that it's meant for, which is we 611 00:30:42,160 --> 00:30:44,800 Speaker 1: need to have well armed, militious and prevent against tyranny. 612 00:30:45,080 --> 00:30:47,480 Speaker 1: How can the government protect against that? Specifically when they'rery 613 00:30:47,520 --> 00:30:50,520 Speaker 1: to take your guns away? That proves the use case, 614 00:30:50,600 --> 00:30:52,960 Speaker 1: proves the point. Right, That's one example. But back to 615 00:30:53,000 --> 00:30:55,920 Speaker 1: this inflation. It's the same thing you see. Per the 616 00:30:55,960 --> 00:30:59,959 Speaker 1: Austrian school of economics, inflation is not prices going up. 617 00:31:00,400 --> 00:31:05,400 Speaker 1: It's not defined as rising prices. Rising prices is the 618 00:31:05,440 --> 00:31:09,920 Speaker 1: long run result of inflation. So what is inflation. Inflation 619 00:31:10,080 --> 00:31:13,840 Speaker 1: is when the money supply increases, when when the quantity 620 00:31:13,840 --> 00:31:17,040 Speaker 1: of money and bank credit increases. So think of like 621 00:31:17,080 --> 00:31:20,200 Speaker 1: a balloon. If I inflate a balloon, I increase the 622 00:31:20,400 --> 00:31:24,000 Speaker 1: volume of the air inside the balloon. If I inflate 623 00:31:24,040 --> 00:31:27,120 Speaker 1: the money, I'm increasing the volume or the quantity of 624 00:31:27,160 --> 00:31:29,720 Speaker 1: the money. You see. So what they're trying to do 625 00:31:29,800 --> 00:31:32,400 Speaker 1: is they change the definition to say it's prices, it's 626 00:31:32,440 --> 00:31:36,080 Speaker 1: prices going up. But that's the wrong thing. Like I said, 627 00:31:36,600 --> 00:31:39,800 Speaker 1: the prices of things going up is the long run 628 00:31:39,880 --> 00:31:44,720 Speaker 1: result of the monetary inflation that happens, right, So that's 629 00:31:44,880 --> 00:31:47,720 Speaker 1: all part of the gas lighting. And the reason why 630 00:31:47,920 --> 00:31:50,600 Speaker 1: is because when inflation is seen as a general rise 631 00:31:50,640 --> 00:31:56,280 Speaker 1: in prices, then anything that contributes to prices increasing is 632 00:31:56,320 --> 00:31:59,840 Speaker 1: now called inflationary. So what do I mean by that? 633 00:32:00,200 --> 00:32:03,240 Speaker 1: So you hear them talking about all the reasons, all 634 00:32:03,280 --> 00:32:08,000 Speaker 1: these inflationary pressures, all these millions or billions of reasons 635 00:32:08,040 --> 00:32:11,240 Speaker 1: why prices go up. Oh, it's the war in Ukraine 636 00:32:11,280 --> 00:32:15,160 Speaker 1: and microchips got crimped and we can't get cars out 637 00:32:15,160 --> 00:32:17,000 Speaker 1: fast enough because I have a microchip, and the supply 638 00:32:17,120 --> 00:32:21,000 Speaker 1: chains broke down. And there's a million reasons why a 639 00:32:21,080 --> 00:32:24,760 Speaker 1: price could go up on a good. And so when 640 00:32:24,760 --> 00:32:28,400 Speaker 1: you look at it as inflation is prices going up, Well, 641 00:32:28,400 --> 00:32:30,920 Speaker 1: there's a million reasons why the prices are going up. 642 00:32:30,960 --> 00:32:33,800 Speaker 1: And what that does is it takes the pressure off 643 00:32:33,840 --> 00:32:37,080 Speaker 1: the central bank and the fractional reserve banking system that 644 00:32:37,160 --> 00:32:41,400 Speaker 1: are the actual sources of inflation. So instead of it's misdirection. 645 00:32:41,480 --> 00:32:43,800 Speaker 1: Instead of going, oh, well, you increase the money supply, 646 00:32:43,920 --> 00:32:46,320 Speaker 1: of course the price good goes up. Instead of that, 647 00:32:46,360 --> 00:32:49,240 Speaker 1: they misdirect us and go, oh, well, it's supply chains, 648 00:32:49,240 --> 00:32:51,760 Speaker 1: and it's Russia, and it's the Saudi Arabia with the oil, 649 00:32:51,840 --> 00:32:54,600 Speaker 1: and it's any of the other millions of reasons, like 650 00:32:54,640 --> 00:32:56,960 Speaker 1: what Biden does going on national TV and saying it's 651 00:32:57,000 --> 00:33:02,320 Speaker 1: the greedy food company's fault, not that his administration printed 652 00:33:02,360 --> 00:33:04,480 Speaker 1: trillions of dollars. And of course the Trump administration did 653 00:33:04,520 --> 00:33:08,000 Speaker 1: trillions of dollars, and every administration before him did a 654 00:33:08,040 --> 00:33:11,400 Speaker 1: lot of money as well. Every president left or right 655 00:33:11,440 --> 00:33:14,440 Speaker 1: continues to print more money. This is not a bipartisan issue. 656 00:33:14,440 --> 00:33:17,000 Speaker 1: This is both parties do this, the uniparty, if you will. 657 00:33:17,520 --> 00:33:20,719 Speaker 1: But again by changing the definition they can win that. 658 00:33:20,840 --> 00:33:23,880 Speaker 1: The other thing is that to measure, I don't know, 659 00:33:24,080 --> 00:33:27,959 Speaker 1: billions of prices through a global economy through one simple 660 00:33:28,080 --> 00:33:31,520 Speaker 1: number is just ludicrous in the beginning, in the beginning 661 00:33:31,560 --> 00:33:33,280 Speaker 1: to even start with, so to say we have three 662 00:33:33,320 --> 00:33:36,760 Speaker 1: percent inflation, three percent inflation of what you see, there's 663 00:33:36,840 --> 00:33:40,400 Speaker 1: billions of prices, and there's always prices going down, and 664 00:33:40,400 --> 00:33:43,520 Speaker 1: there's always prices going up at all times, and so 665 00:33:43,640 --> 00:33:46,600 Speaker 1: inflation affects each of us differently. It affects us differently 666 00:33:46,640 --> 00:33:48,920 Speaker 1: if we're in different countries, it affects us differently. Depending 667 00:33:48,920 --> 00:33:51,640 Speaker 1: on what currency we're using, and it affects us based 668 00:33:51,640 --> 00:33:54,880 Speaker 1: off of what we're buying. So, for example, if you 669 00:33:55,000 --> 00:33:58,800 Speaker 1: live in a country like Argentina Lebanon using those local currencies, 670 00:33:58,800 --> 00:34:02,600 Speaker 1: you're seeing massive inflation, or I should say, your currency 671 00:34:02,640 --> 00:34:06,200 Speaker 1: is losing value very quickly. If I'm in America, and 672 00:34:06,280 --> 00:34:08,040 Speaker 1: let's say that I live at my parents' house in 673 00:34:08,080 --> 00:34:12,560 Speaker 1: their basement and I just watch, I stream movies, and 674 00:34:12,600 --> 00:34:15,440 Speaker 1: I eat you know, pizza, well, my cost has actually 675 00:34:15,520 --> 00:34:17,680 Speaker 1: gone down because movies are way cheaper than they were 676 00:34:17,680 --> 00:34:21,120 Speaker 1: twenty years ago. And I used to have to buy DVDs, right, 677 00:34:21,400 --> 00:34:23,400 Speaker 1: I imagine if I had to go buy a million DVDs 678 00:34:23,400 --> 00:34:24,960 Speaker 1: and today I can just stream it for whatever ten 679 00:34:25,000 --> 00:34:27,680 Speaker 1: bucks a month, the price has come down. I don't 680 00:34:27,680 --> 00:34:30,720 Speaker 1: pay rent, so I haven't worried about that. And pizza, 681 00:34:30,840 --> 00:34:32,600 Speaker 1: the price of pizza has come down, right, So like 682 00:34:32,800 --> 00:34:34,920 Speaker 1: that hasn't hasn't affected me. But let's say that I'm 683 00:34:34,960 --> 00:34:38,040 Speaker 1: a father of a couple of kids, which I am, 684 00:34:38,320 --> 00:34:40,719 Speaker 1: and I live in expensive state like California, which I do, 685 00:34:41,320 --> 00:34:44,920 Speaker 1: and you know, we need to drive a car so 686 00:34:44,960 --> 00:34:46,680 Speaker 1: my wife can drive the kids and their friends around, 687 00:34:46,760 --> 00:34:48,160 Speaker 1: and we want to send them to a good school. 688 00:34:48,160 --> 00:34:50,520 Speaker 1: We want to play some sports afterwards, and we want 689 00:34:50,520 --> 00:34:53,160 Speaker 1: to have you know, college and weddings and all those things. 690 00:34:53,160 --> 00:34:57,160 Speaker 1: Then inflation is hitting us way harder because home prices 691 00:34:57,160 --> 00:35:00,360 Speaker 1: went up by fifty percent. Steak which we eat and 692 00:35:00,360 --> 00:35:04,000 Speaker 1: went up by fifty percent, gas which our big SUVs use, 693 00:35:04,280 --> 00:35:06,160 Speaker 1: went up by fifty percent, and so it affects us 694 00:35:06,200 --> 00:35:09,800 Speaker 1: much differently. So to measure the entire economy down into 695 00:35:09,960 --> 00:35:13,120 Speaker 1: one number is ludicrous in the beginning, and ultimately, like 696 00:35:13,120 --> 00:35:16,560 Speaker 1: I said, it diverts and misdirects from what the real 697 00:35:16,600 --> 00:35:18,120 Speaker 1: problem is. So okay, what do we do about it? 698 00:35:18,640 --> 00:35:21,799 Speaker 1: So obviously we need to increase our purchasing power. That's 699 00:35:21,800 --> 00:35:24,160 Speaker 1: the goal, what we want. And I just asked the 700 00:35:24,160 --> 00:35:26,479 Speaker 1: simple question all the time, what would you rather? Would 701 00:35:26,520 --> 00:35:28,960 Speaker 1: you rather your money buy you more goodsness service in 702 00:35:28,960 --> 00:35:32,839 Speaker 1: the future or less? And obviously everybody wants more. I 703 00:35:32,880 --> 00:35:35,359 Speaker 1: say this typically in response to the some people think 704 00:35:35,400 --> 00:35:38,360 Speaker 1: that we have to have inflation the money supply always 705 00:35:38,360 --> 00:35:41,040 Speaker 1: has to expand otherwise, how will we have enough money 706 00:35:41,080 --> 00:35:44,680 Speaker 1: for everybody, because as the population expands, we need to 707 00:35:44,719 --> 00:35:48,600 Speaker 1: have enough money for everybody. But that's false, right If 708 00:35:48,640 --> 00:35:50,279 Speaker 1: you think about we don't want money, we want the 709 00:35:50,280 --> 00:35:54,360 Speaker 1: goodness services money buys us, and so you have either 710 00:35:54,719 --> 00:35:57,360 Speaker 1: inflation in the money or you have inflation in the 711 00:35:57,360 --> 00:35:59,919 Speaker 1: price of goods and services. If we had a fix 712 00:36:00,160 --> 00:36:02,160 Speaker 1: money supply, the price of those goods and services would 713 00:36:02,200 --> 00:36:05,040 Speaker 1: be less in the future and not more. So what 714 00:36:05,160 --> 00:36:07,920 Speaker 1: we need to do is store our wealth into assets 715 00:36:07,960 --> 00:36:10,000 Speaker 1: that are going up faster than inflation. The S and 716 00:36:10,040 --> 00:36:12,480 Speaker 1: P five hundred and the average meeting home has been 717 00:36:12,520 --> 00:36:15,520 Speaker 1: a perfect proxy for inflation, meaning it goes up just 718 00:36:15,560 --> 00:36:17,480 Speaker 1: with inflation. It keeps your head above water. Gold has 719 00:36:17,480 --> 00:36:20,040 Speaker 1: also been that way as well. There are assets that 720 00:36:20,200 --> 00:36:23,040 Speaker 1: can be inflation. Bitcoin has been the best performing asset 721 00:36:23,120 --> 00:36:26,160 Speaker 1: to do that. Bitcoin right now is crushing inflation, and 722 00:36:26,200 --> 00:36:28,799 Speaker 1: if you look at it over a one year, three year, 723 00:36:29,000 --> 00:36:32,279 Speaker 1: five year, ten year period, it's consistently done that. Sure, 724 00:36:32,280 --> 00:36:33,920 Speaker 1: you can cherry pick a couple six months here and 725 00:36:33,920 --> 00:36:36,640 Speaker 1: there that it hasn't, but it has also other scarce 726 00:36:36,680 --> 00:36:41,000 Speaker 1: assets fine art, collectibles, old cars, old paintings, things like that, 727 00:36:42,120 --> 00:36:45,680 Speaker 1: trophy real estate, so this would be around like lakefront, 728 00:36:45,680 --> 00:36:49,080 Speaker 1: beachfront properties, things like that. But that is the key 729 00:36:49,120 --> 00:36:51,040 Speaker 1: you have to protect yourself from inflation. You have to 730 00:36:51,120 --> 00:36:53,560 Speaker 1: understand the real problem, and you have to understand why 731 00:36:53,600 --> 00:36:56,359 Speaker 1: the government continues to want inflation to come if you're 732 00:36:56,400 --> 00:36:58,160 Speaker 1: going to survive it. So hopefully that makes sense. If 733 00:36:58,200 --> 00:37:00,320 Speaker 1: you're just tuning you into the Mark Mass Show talking 734 00:37:00,360 --> 00:37:02,920 Speaker 1: about the shrink flation and the gaslighting from the government, 735 00:37:03,200 --> 00:37:05,200 Speaker 1: that's what I got. Thanks so much for listening. Until 736 00:37:05,200 --> 00:37:05,560 Speaker 1: next time.