It is outrageous that the powers at be tell people to get a job, but now they don't want everyone to have a job.

@Xantrah

Жыл бұрын

The government, through the Fed, systematically keeps a percentage of people in poverty to protect capitalism while blaming them individually for being poor.

@StrictlyAverageGaming

Жыл бұрын

And offer no help when you are unemployed

@nothingmatters3802

Жыл бұрын

@@StrictlyAverageGaming Exactly they want people to lose their jobs, but then turn around and say it's their fault that they lost their jobs and give no help. If their actions cause people to lose their employment, they should be directly responsible financially. If a business can sue you for loss of profits/business then an individual should be able to do the same as well.

@JakeTheJay

Жыл бұрын

And of course we can't forget that even if not everyone can get a job, you get bullied and outcast for not having one and also may or may not die since you need a job to live. And when you can't get one because of this system, you're blamed for it. Our society is totally functional :)

@milkdrinker7

Жыл бұрын

Capitalism necessitates a reserve army of labor so that employees feel expendable, as there is a horde of people clambering for your job and you should be grateful the capitalist has shown you such kindness to allow you to survive. Stay in your lane peasant; there's profits to be made and compassion isn't profitable.

Hard to be employed when you are disabled or constantly sick. Oh yeah, you know what else is a joke? When you work two jobs and still can't afford a place to live.

@blipblop92

Жыл бұрын

Were you a gambler trying to pay down debt?

@Chad_Max

Жыл бұрын

You're looking at things the wrong way. You're seeing a circumstance as a ceiling when you should be seeing the circumstance as a hurdle to overcome. If you're working two jobs and can't afford a place to live, then you need to increase your skill set so that you're marketable for another job that will afford you a place to live. This is a type of thinking that is rare today, b/c in the last few generations kids were raised by Oedipal mothers who failed to teach them resilience while simultaneously doing everything for them. This dynamic leads to children who grew up into adults with weak mindsets and complain about any obstacle they face in life. Frankly, its unamerican b/c America was made from grit. Look at the prospectors and pioneers who went out West to find precious metals and settle the land. But, until you radically change your cognitive belief systems, you'll be stuck in this cycle called the lower middle class which is growing each year....

@machintrucGaming

Жыл бұрын

@@Chad_Max Oh yeah sure, and just cross the street to find a job. While you keep hoarding property worth 500% of what it was worth 40 years ago.

@dewaldt8104

Жыл бұрын

Have you considered moving?

@mamotalemankoe3775

Жыл бұрын

​@@machintrucGaming Seethe and cry more. I'm sure a house will fall in your lap once you turn red hot, or you could take the advice he gave, your life.

Call me naive but I think if a country relies on a certain percentage of it's popularion to suffer without income and insurance, with no safety net, there might be something fundamentally wrong with that country.

@cali_ryder4235

Жыл бұрын

Nutup or shutup buttercup. There;s only so many Twinkies in the world. And I love those little snack cakes.

@hewhohasnoidentity4377

Жыл бұрын

Then I will call you naive. The US has never aspired to be the happiest country or have the best quality of life. The priorities of the US government are to maintain the largest economy in the world and to keep the system of power in place as designed. Our influence in the world is derived from the size of the economy and the stable government. The US government is very successful by the terms of what it considers success.

@supadave422

Жыл бұрын

@@cali_ryder4235 pause 🌈

@rickyayy

Жыл бұрын

Most countries operate within these norms unfortunately

@giolrz8237

Жыл бұрын

? Everything is working as designed in that country.

the thing is that employers post new jobs but they just post it for their image and wont accept any.

@KB-ij1fk

Жыл бұрын

It’s so they can avoid paying back their PPP loans and continue to gaslight the working class into believing we just aren’t working hard enough.

So when too many people are finally able to make a living and afford things that’s the signal to raise interest rates? Insane.

@WanderingExistence

Жыл бұрын

The employer-employee relationship is a very insidious dynamic. Employment is a rental contract. Like if you rented capital (say, a chainsaw from Home Depot), you pay rent for the "time preference" (basically the cost of time) for a piece of property. Capitalism is based on a principle of self ownership, which sounds empowering, until you realize that most people don't own capital goods other than themselves, and must rent out the authority over themselves as pieces of "human capital". This is a process of dehumanization where human beings are valued for their return on investment as capital goods. This is why, at the very least, capitalism needs unions and safety nets (or abolishment), or else the system won't value people for their human value. Importantly we must also think about our sick, elderly, and disabled people, as they can't provide competitive economic return for the investor class to value. We must figure out a way to change this economic system if we wish to value each other.

"Go get a job you lazy loser!" > Gets a job "Wait, you aren't supposed to, else we risk inflation. Let me adjust those interest rates." 👍🏻

@avonfettydale9166

Жыл бұрын

LMAO

@SigmaBusMan

Жыл бұрын

Min wage is min skill. Go learn a skill to be more useful to society. You earn what you're worth.

@WanderingExistence

Жыл бұрын

​@@SigmaBusMan QThe employer-employee relationship is a very insidious dynamic. Employment is a rental contract. Like if you rented capital (say, a chainsaw from Home Depot), you pay rent for the "time preference" (basically the cost of time) for a piece of property. Capitalism is based on a principle of self ownership, which sounds empowering, until you realize that most people don't own capital goods other than themselves, and must rent out the authority over themselves as pieces of "human capital". This is a process of dehumanization where human beings are valued for their return on investment as capital goods. This is why, at the very least, capitalism needs unions and safety nets (or abolishment), or else the system won't value people for their human value. Importantly we must also think about our sick, elderly, and disabled people, as they can't provide competitive economic return for the investor class to value. We must figure out a way to change this economic system if we wish to value each other.

@iangreer4585

Жыл бұрын

makes sense. Watch as there are more people with college degrees than there are actual jobs in America alltogether.

@JudgeDredd_

Жыл бұрын

@@SigmaBusManWHOOSH

I pledge allegiance to the flag of the Corporate states of America and to the oligarchs for which it stands, one nation under debt, easily divisible, with liberty and justice for Oil

@rdean150

Жыл бұрын

Amen... tal health crisis...

@Dzanarika1

Жыл бұрын

😂😂😂

If the end result is forced poverty for the Americans who aren't allowed to gain work, then the system is morally wrong and needs reworking from the ground up.

@AS-kf1ol

Жыл бұрын

We've figured out the problem. The way our economy works relies huge populations doing unpaid labor and people having no purchasing power! Now that women and people of color actually can work and get paid properly, it's breaking the economy unless someone fills those unemployed spots. It's insane but POC have been saying forever that the system was built to fail us, finally everyone is seeing it.

@rahuliyer7456

Жыл бұрын

The other choice for 100 percent employment is the USSR... before Glasnost, and before Gorbachev. Is that what you seek?

@freeinghumanitynow

Жыл бұрын

Yup 👍

@duncanmoore3780

Жыл бұрын

@@rahuliyer7456 So it’s poverty or communism, is it?

@Aromabruh

Жыл бұрын

​@@rahuliyer7456 or become social democracy like Finland or Sweden or Denmark them doing just fine

i would love to see CNBC make a video about the ruling class explaining why everyone can't or shouldn't be able to achieve financial comfort. 🤷🏼‍♂

@jtgd

Жыл бұрын

Every executive is going to have financial comfort, by nature.

@Marva123

Жыл бұрын

They keep you poor on purpose through direct taxes, and indirect taxes 'inflation', its so you will keep working until you die penniless.

@Simplthegod

Жыл бұрын

Because people have babies at 22 and try to show off their 30k car they went in debt for. I make about 50k before tax and live a pretty sweet life, I got my own apartment and I get to snowboard two times a week and hangout with my girlfriends.

@bicyclist2

Жыл бұрын

They mathematically can, but the Financial and Banking cartels don't want any people anywhere to have any stability or financial freedom.

@justing6594

Жыл бұрын

CNBC Can't make that video. There part of the ruling class to.

It's called the Reserve Army of Labor. They need to keep some unemployed as leverage to keep the minimum wage low.

@milkdrinker7

Жыл бұрын

Seeing class consciousness arise gives me a warm fuzzy feeling

@miketravelsUS

Жыл бұрын

Opposite of Freedom

Corporate Greed is driving inflation.

Жыл бұрын

Everyone is greed, just human nature thing.

@Mistro07

Жыл бұрын

Because corporations can print money?????? Learn something before showing the world your ignorance

@jpdc99

Жыл бұрын

@@Mistro07 no, because corporations and execs own a majority and growing share of the nation’s money

@willinton06

Жыл бұрын

@@Mistro07 inflation is not the amount of money in the market, it’s the prices of things, if the prices don’t increase, inflation doesn’t increase, corporations increase prices cause they want to, out of greed

@andrebatista8501

Жыл бұрын

How stupid hahahahaha money printing generates inflation.

Every job I've ever applied for had its own politics and social biases behind it. It's not about merit or qualifications.

@HH-le1vi

Жыл бұрын

It never will be. If people don't like you, they don't want to work with you.

@Acemobilesuit

Жыл бұрын

Because of a department called HR

@DieselPurge

Жыл бұрын

... it's who you know

@AwesomeLifeguard

Жыл бұрын

Well yea, each company has an identity and a collective quantity of coworkers. Why would they want to hire someone who isn't socially correct or won't act well with others? Just sounds like you don't want to play the game of the job market and social standards aka you're acting privilidged rather than flexing.

@backcountyrpilot

Жыл бұрын

Develop your merit and qualifications and it will be. You’ll write your own ticket.

The only thing that is preventing me from finding a job is these job interviews. Every single one I've been too its always the same stupid stuff. I go in, they ask me a bunch questions, and they say "We'll give you a call and see if you qualify for the job". Days and weeks go by and I don't get a single call back. I tried calling them a few times but they its just "We'll get back to you shortly". Feeling frustrated I told them I did a job interview with them a while ago and I wanted to know why is this taking so long. The response I got was "Well we did hire some people so I guess you didn't quality for the job" and I was left feeling very mad and felt like I wasted my time.

@saagisharon8595

Жыл бұрын

In my experience, they just say 'it's been decided that nobody is being hired at the moment". It always seems to be a bad time for companies when I'm looking for a job

@gabrielferrer2400

Жыл бұрын

The interviewers must be fired

@JohnWickWorld

Жыл бұрын

I would work on ur interview skills then. Simple solution.

@iamjohnporter67

Жыл бұрын

@@JohnWickWorld I do that and it still didn't make the situation better

@ae4116

Жыл бұрын

My son has gone through this multiple times. They alway say he’s to shy. I really don’t get why that is a reason to not hire somebody. I’m very shy and it was commented about in my last job interview. I was lucky that one of the two interviewers didn’t care and had me hired anyway. 5 years later the interviewer that didn’t like me because I was shy is my biggest fan. She calls me the backbone of the facility I work at.

Jobs in Ohio are paying $11-$17 for assistant managers. That's $23,000+ per year of income. Some insurance companies charge $8900 per year to insure two adults (without kids). Insane.

@aznosu

Жыл бұрын

not insane bc Americans allow it. Americans allow the 0.001% to run it resulting in 1. a business of college to either put americans in debt (slavery) or most don't get the education so there are few opportunities. 2. Business of medical care, hence Americans are afford to use the medical system bc it will land them in Debt (slavery) which results in no waiting line or shorter ones for the wealthy who can afford it 3. fewer jobs than workers so that the top can force talents to work for less or you can eat. It's clear what is happening and Americans support it bc they are sold that they will one day be Jeff Bezos lol.

This is the greatest argument for UBI that I have ever seen

@Northwest360

Жыл бұрын

Agreed!

@bubbles201990

Жыл бұрын

@@RockBrentwood fair

@Rucnas

Жыл бұрын

Why? Who is paying for it? If ubi becomes a thing, then we need the ability to lower our income tax because working people have to pay for others.

@HappyTobeHere89

Жыл бұрын

​@@Rucnas start taxing the wealthy like they're supposed to. They don't do their part. They always want to put that on the working class to make up for what they won't do.

@OliverNorth9729

Жыл бұрын

​​@@Rucnas Who pays for wars? Or aid to Africa?

It's alot more sinister, they also regulate how many people move up and out of poverty.

Remember when you used to be able to support a family of 4 working in a sheet natal factory? My grandfather's all made less money than me when factoring inflation, but houses were only a few thousand back then, not a few million.

@rickyayy

Жыл бұрын

American dream stolen by boomers

@ChrisUnltdTV

Жыл бұрын

My grandfather was able to buy a house and feed a family just driving a Taxi. Now I work with circuit boards and microelectronic components that he wouldn’t even be able to name and I feel like owning a home is out of reach. Something ain’t right.

@kristenmoonrise

Жыл бұрын

And the houses were built with better quality builders and materials then too.

@jasonbeil7093

Жыл бұрын

Mine was a janitor and had a house built in Florida. We are being scammed they are stressing out the working class for profits to the top. It will backfire when none of us have kids.

@Immudzen

Жыл бұрын

The super wealthy just want all the money. They can't afford to get their 10th house and a second mega yacht and pay people and real wage. Apparently Amazon can't even afford to give workers bathroom breaks so that their CEO can afford to run his own space program.

They need people to suffer so that the rich can live their spoiled life.

@freeinghumanitynow

Жыл бұрын

I'm not an "eat the rich" hippie but I do theorize that the mega rich may be energetically feeding off the hurt and despair of the poor. This would partially explain why the rich have been actively trying to eradicate the middle class.

@Nirobiscloset10

Жыл бұрын

Exactly.

@citizencoy4393

Жыл бұрын

Wasteful. They like to call it spoiled but it is actually a very wasteful and selfish life.

@aznosu

Жыл бұрын

How else can they fly into space. and if the public allows it to happen then why not. I wonder if Americans look down at countries where there the ultra rich and the poverty such as India... bc they never see the reflection in the mirror.

@citizencoy4393

Жыл бұрын

@@aznosu Well Americans look down at all systems that have an unbalance like that including America! Its crazy for there to be hungry ppl on the streets as the wealthy wipe their ass with gold lined toilet paper! Sickness.

Ah yes. Applied to 57 jobs in a month and i got the worst one who didn't want me for full time and still hve me working 6 days a week and killing my car off for an 4 hour work day. Good job powell.

@SigmaBusMan

Жыл бұрын

57 jobs postings and you only got offered one? Fix your resume... get some technical skills. Stop blaming the system when you are the problem

@Rucnas

Жыл бұрын

You applied 57 jobs in a month? Did you tailor a different resume to each company? Did you apply to jobs that fit your experience? Nowadays, people are looking for employees with specific skills. People seem to forget that you need to adapt and survive.

@clairvoyantcards29

Жыл бұрын

​@Radicn have you heard of "ghost jobs" he actually only applied to 20 "real" job according to the numbers.

@Rucnas

Жыл бұрын

@@clairvoyantcards29 You can't just pull a random number out of your ass. Even with 20 real jobs, OP did not tailor the resume for each company. He/she is blaming others for his/her own failure.

@clairvoyantcards29

Жыл бұрын

@Radicn have you ever shifted through job applications lately? No? I have. 1 16 dollar an hour job got literally hundreds of applicants. Either the person looking through them spends 2 seconds on it, or it's autoblocked by a robot. Only ignorant people look at that and go "it's your fault". No, our system is broken. You honestly think 57 applications is a lot too.... cute. I've known people to fill out thousands. Some have even done journalism on it. Out of a thousand applications (for low wage jobs) they got maybe 20 job interviews.

they literally came out and implied their goal is to keep wages as low as possible

No. When I was homeless I actually realized there are some people who are never going to be able to hold a job. They were poorly educated or had serious mental health issues.

@Black-xi5su

Жыл бұрын

Poor Educated is not the right word but mentally disabled is

@shawnnewell4541

Жыл бұрын

@Black-xi5su No I mean poorly educated. Some of them were from the South, and this was after hurricane Katrina, looking for work and couldn't get a job because you needed at least a high school diploma to get a job here. They didn't have that!

@Black-xi5su

Жыл бұрын

@@shawnnewell4541 but are you working now is the question

@shawnnewell4541

Жыл бұрын

@@Black-xi5su I'm retired.

@firstlast8258

Жыл бұрын

Never say never

So the the rich DO get richer and the poor get poorer 🤯

@avonfettydale9166

Жыл бұрын

Who would’ve thought right?

A lot of words to say we don’t want to give poor people higher wages!

There’s more and more of a concern that incoming data is revealing that the Fed might be a little bit behind the curve than maybe they expected heading into this year,” said Bipan Rai, North America head of FX strategy at CIBC Capital Markets in Toronto. In my portfolio, I'm noticing more red than green. How are other people in this market raking in over $350k gains within months

@stephaniestella213

Жыл бұрын

Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a CFP or other professional for advice.

@johnlennon232

Жыл бұрын

@@stephaniestella213 Yes, I have been in touch with a CFP ever since the outbreak. Today, investing in hot stocks is quite easy; the difficult part is deciding when to buy and sell. With an initial starting reserve of $80k, my adviser chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

@oneiljerry9460

Жыл бұрын

@@johnlennon232 my 401k growth has been stagnant since the 2019. I wouldn't mind consulting the advisor who guides you, I really want to grow my retirement fund since I could retire in 3 years.

@johnlennon232

Жыл бұрын

​@@oneiljerry9460 HEATHER ANN CHRISTENSEN is widely known. You can verify her and use her services if you want.

@oneiljerry9460

Жыл бұрын

@@johnlennon232 Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

Ok, basic question here. Why would you want to advocate for a system that doesn't at a bare necessity level keep a roof over everyone's head? I don't understand.

It should be worth a reminder that labor costs are just one factor in prices, not the sole determinant. Also, in a consumer economy, higher wages tends to mean an aggregate increase in demand. In the short term this can mean upwards pressure on prices, but in the long term it often means more growth to accommodate the newfound demands of a prosperous working class.

@ralphpal

Жыл бұрын

Funny 4 years ago everyone was working, people were making money and saving money and we had low inflation

@Immudzen

Жыл бұрын

@@ralphpal You are not accounting for some of these companies increasing prices just because they can. For instance oil executives have been recorded in shareholder calls about how they are making more money than ever before in history and they think they can continue to raise prices. Workers are not getting that money. It is just a wealth transfer from regular people to the ultra wealthy. Apparently more of them need to be rich enough to run their own space program.

@MrHammer2088

Жыл бұрын

Instead of looking for 2% inflation- why can they raise that # like they do everything else . And for them to say they cannot determine when does it becomes inflationary with the amount of people working ..

@Immudzen

Жыл бұрын

@@MrHammer2088 It is easy. Companies raise rates and take more profit for themselves. The Fed sees inflation and then takes it out on the workers. Companies spend more money on politicians to drive labor costs down further by making people more desperate. It is why wages are basically stagnant for 40 years while productivity has skyrocketed and the rich have gotten so much richer. To the point where about 8 people own half the planet.

If I can’t have a job then give me Universal Basic Income. I got to pay the bills somehow.

@djm2189

Жыл бұрын

That would cause more inflation and less people seeking jobs....

Thank you for these (kinds of )videos! I really appreciate the new brand of truth they are giving to the general public. Finally, we're getting to a place where as a society we HAVE to stop blaming poverty on the impoverished! Its NOT because we're lazy, not trying hard enough, or not booting strapping. Its because poverty is an EVIL necessity in this society. This means those that have more are running out of excuses for their good fortune and simply NEED to do MORE to help those that are less fortunate.

Sorry you and your kids gotta sleep on the sidewalk, it’s for the economy 🎉

So basically to steer the boat you fire some of the guys rowing on one side to start going in that direction and vice versa and hire as little as possible in order to keep the rowers desperate for work.

Can't keep printing money and expect lower inflation smfh

This employment problem is an antiquated system as real wages have gone down over decades so companies can easily afford to hire more employees than they would have been able to 40+ years ago. The middle class has devolved from a level that meant you could easily retire early as an option to now where even the upper middle class is pay-cheque to pay-cheque. Year after year we constantly hear about the wealth gap widening... it never seems to end, and it's the ones setting monetary policy and interest rates that are partly to blame for it. Others to blame are the politicians and lobby groups and all the mega mergers that create oligopolies and near monopolies. It's the ultra wealthy that own media companies that control the information we hear to placate the populace and always have someone other than them to blame or constantly shows reports that seem to blow up small stories into huge coverage that hides important stories that may only get 20-30 seconds of coverage compared to the hours and days of dumb filler news coverage. Why do we have a 2% inflation rate as a standard? Because of Capitalism. It erodes the value of money but allows assets to grow in value. So wealth grows for those with assets while those just earning wages living pay-cheque to pay-cheque will never build wealth, unless they take risks with their money. But even having assets are at risk as fraud by police, criminal organizations, neighbours, and by bad laws that exploit certain groups of people all transfer wealth away from the earners to the wealthy. I understand how the concept of max employment seems to be a good thing, but it's more geared to help businesses and investors than the wage earners. So again this helps the wealth gap widen. If the policies also affected the wealthy equally then the problem with max employment wouldn't be such a problem. Because the economy is so dependent on investors, executives are sort of held to their whims and expectations, so doing anything other than widening the wealth gap just goes against the intent of investors. So I get that the system won't change from a corporate or investor areas of the economy, it all rests on the government to set policies that mitigates the erosion of the economy.

@tiamarie1226

Жыл бұрын

I think 2 % is standard rate of inflation because most people only get a 2% raise . So you get a raise but not really ...trap

Or in other words, or system really is designed to keep some people poor

@soupdrinker

Жыл бұрын

Or in other words, designed to keep the rich rich, and keep the poor poor

25 years ago I told my colleagues at a small city newspaper they should start preparing for online news. I dove head first into front end design. It freaked ppl out and I got called into HR for starting a panic. Guess what?

@Patrick61804

Жыл бұрын

Damn

@akihiko99

Жыл бұрын

what? how you saw future?

@rickyayy

Жыл бұрын

I hope you invested. You must be rich with that forward insight.

@kristenmoonrise

Жыл бұрын

They no longer exist?

Perhaps corporations could absorb higher wages by deflating C-suite compensation, not always inflating prices. Or the government could tax the snot out of that bonus money (55-65%) and use that to reduce taxes on the average worker, thereby giving them at least a little more money to fight back with. Also raise the corporate tax rate on businesses, especially those that inflate prices of goods without reducing executive compensation, they clearly have extra cash to hand out. Feel the Bern folks.

@hbarudi

Жыл бұрын

Keep dreaming, they put tax write offs and pay 0.1% of the taxes. Unless you say that tax with no write offs and no bureaucracy in the IRS.

Thanks for the new information!

So the matrix exists after all. The worst part is we know it exists, that we live on it, we put people in power to control us, we let them rule the matrix and we pretend they are working for our good. This Matrix 2.0.

So if a system requires people to be without a job perhaps we need a new system

@WanderingExistence

Жыл бұрын

Personally, I've been interested in two grassroots groups focused on economic democracy, called the Next System Project and the Democracy Collaborative. They have devised a way to keep production local and contract service to cooperatives, called the Preston Model. They have helped multiple cities struggling with job loss due to factory closures build back their communities, in the US and UK. In addition, trade unions, collectives, public banks, credit unions, community land trusts, CSA's, and many other democratically controlled institutions can work together to create democratic networks outside the market to create an economy that doesn't reduce people, their governments, and the environment to a monetary value. I think this can be a viable strategy to give people the autonomy over their work. I believe economic democracy is the only way people who work for the economy will have the economy work for them, their families, and the planet too. During economic downturns cooperatives seek to preserve jobs instead of laying off their members... because they're members are the owners who make the decisions. This way of revitalizing communities by building community wealth has helped many communities all over the globe, and it is utilized by the UK labor party and touted by Jeremy Corbyn. Preston, Lancashire became the most improved city in the UK because of community wealth building. kzread.info/dash/bejne/f4OWyMqYhrHXo5c.html Not to mention, much of the progress in labor rights has been due to union's collective power. The thing that draws my conviction to the movement is that I can see it now, helping empower people to live happier, healthier, and wealthier lives.

We all can't be winners. The system won't allow it 😢

@Nick84525

Жыл бұрын

The system needs to change sick if this crap

I think we are too obsessed about the economy crashing. In the right sense, the economy never crashes. It just undergoes cycles, and almost always recovers. So I really don't care what the predictions are. I just want to grow my $354k portfolio. I read that people are pulling in massive profits despite the downturn. Any tips on how they do it?

@lucianoboccedi

Жыл бұрын

There are really advisors that can help you achieve very consistent growth. I have a friend who pulled in more than $194k profit within three months. So you just have to make some research and get one who fits your fin-goal.

@bsetdays6784

Жыл бұрын

The market will always recover. The goal is to find quality stocks with long term potential. It's hard for the average Joe to do this, because it involves following a lot of industry news, following up with earnings, etc. It's easier to invest through an advisor who knows how stuff works, and make rocket returns.

@evitasmith6218

Жыл бұрын

@@bsetdays6784 Wow. I'm very much impressed by this. I've been planning to switch to an advisor. Could you give me your advisor's contact, please?

@bsetdays6784

Жыл бұрын

@@evitasmith6218 I work with ELEANOR ANNETTE ECKHAUS. First saw her on a CNBC interview. She's got a really excellent pedigree, and her track record is good, too. You could look her up yourself and contact her. I can''t drop her number here.

@adenmall7596

Жыл бұрын

Thank you for this lead. I just looked her up and she seems to have very good credentials. I'd heard about her speak once in a conference. I'll follow her up with an email.

2% inflation rate is joke. It means worker never getting a raise. The worse time I’ve had in my 33 year working life was during the 2% inflation years. My husband and my pay was the same for almost 10years but everything was still going up especially health insurance. I know a lot of people are hurting now but we finally got ahead far ahead. My raise in the last two years was almost enough to pay my mortgage.

The Fed needs to stop raising the rate. The only people that is hurting is the middle and low class.

@Purplenpinkk

Жыл бұрын

That's the plan. You will be sacrificed for the greater good...the millionaire/billionaire ruling class. Get used to it.

@rickyayy

Жыл бұрын

Bailing banks out too. Ridiculous.

@mangjitnijjhar1390

Жыл бұрын

No, they need to raise the interest rate to 10-15%. Keeping it low is what destroyed the economy. I know it's going to crash everything but the system they created with low interest rates is unsustainable so it has to fail sometime.

@Martin-fk5og

Жыл бұрын

@@mangjitnijjhar1390 The economy was doing just fine till they started raising the rates. People had the money to spend on every day living expenses. it just creates more of a gap between the classes. It does not matter to the wealthy, but it matters to the people that live pay check to pay check

@mangjitnijjhar1390

Жыл бұрын

@@Martin-fk5og But the low rates were driving up the cost of housing and making it easy to use houses as speculative assets.

Very nice video!❤

The Great US Reccession is coming

@glowingmyway

Жыл бұрын

Its already here

@c87kim

Жыл бұрын

That already happened in 2008. Need to think of a new name

It's a false premise that you avoid inflation by having some people get laid off. If everything is a monopoly and being run by automation you can get inflation even with everyone being unemployed. Making the weakest people in society suffer doesn't stop inflation.

CNBC is absolutely sickening...

I've been doing some research, and now I can't un-see how all of America's economic issue are due to fiat currency, the Fed and financial sector's complete incompetence - or, how the "market" is designed to keep the rest of us in anxiety and fear over how we will be able to support at least a minimal comfortable lifestyle while the ruling class has more money than they can spend in a billion lifetimes. This idea that the lowest on the totem pole need to keep making sacrifices - like "Some of you will just not have jobs to keep inflation down." is just beyond...and a false narrative.

here in canada we are forced to leave our job for someone else to take it who just came to this country me and several of my old colleagues got let go and when we checked why it was the stupidest reason and made it impossible to get ei as well after working with them so long and on top of that instead of housing the homeless canadians and americans we are forced to live on the streets while those coming from other countries get our houses and than to hear them complain about us is insane

One day the history books will record that the Fed’s manipulation of our currency led to the a similar collapse as the Soviet Union’s centralized economy. You can’t plan an economy.

They should just control how much corporations can raise prices

@Misaka-gt5yj

Жыл бұрын

which they won't do because corporations bought your government

@susanlippy1009

Жыл бұрын

That's been done before, it's known as price control. What occurs is a reduction in production. Companies stop producing goods and services. It doesn't work. Profits drive buissness. What did work was taxing companies at a fair rate incentivizing them to invest profits. We need buissness to invest in labor, high wages means more buissness as folks have discretionary funds to burn. Biggest issue is profits are going to shareholders instead.

I need more videos to explain how too many people working is problematic. . . For research

@ae4116

Жыл бұрын

I don’t get either. If that’s the case why do people put the unemployed down and why isn’t the better way to take care these people.

@CareerDropout.

Жыл бұрын

@@ae4116 after watching a few other videos about banks, the closest thing I can guess is to keep nothing ever paid off, to keep it where the idea of making money from nothing continues . . . If every body had a job and paid off everything they’d want and need their wouldn’t be any need to work… so I guess it’s the same as putting somebody on the beach if the team is up 20 points or something idk

@ae4116

Жыл бұрын

@@CareerDropout. it’s hard for the lower class to start off with no debts. I’m trying to keep my kids from having them but unfortunately one of them is having to get student loans. I can pay for things like housing, a car, and car and health insurance, unfortunately I can’t pay for tuition too. He took a HVCH course in high school and then Covid hit. It didn’t help him get a job when he had little hands on instruction and for some reason employer really hate that he shy.

@CareerDropout.

Жыл бұрын

@@ae4116I’m gonna have to think about this

@CareerDropout.

Жыл бұрын

Okay this might be an option but I’m still unsure. . . For those who pay off their debt and are benched when their team is up, those on the opponents team who’s expected to get off the bench, entering the game after seeing their team run them into the ground, those people should be granted the same salaries of those who’ve got the lead by advantage. Therefore if those whose entering the game after their own team blew the game will determine if they’ve learned from the mistakes of others, or just wasn’t paying attention at all. . . Start them off under the same pressure as their desired salary

This is just like sacrificing a virgin to the swamps/volcano to appease the god of bountiful harvest but now instead of single person, a calculated percentage of the population gets sacrificed to appease the gods of excel line graphs.

Interesting that we're talking about employment driving inflation. As if companies haven't had record profits also.

@WanderingExistence

Жыл бұрын

The employer-employee relationship is a very insidious dynamic. Employment is a rental contract. Like if you rented capital (say, a chainsaw from Home Depot), you pay rent for the "time preference" (basically the cost of time) for a piece of property. Capitalism is based on a principle of self ownership, which sounds empowering, until you realize that most people don't own capital goods other than themselves, and must rent out the authority over themselves as pieces of "human capital". This is a process of dehumanization where human beings are valued for their return on investment as capital goods. This is why, at the very least, capitalism needs unions and safety nets (or abolishment), or else the system won't value people for their human value. Importantly we must also think about our sick, elderly, and disabled people, as they can't provide competitive economic return for the investor class to value. We must figure out a way to change this economic system if we wish to value each other.

Flipping burgers or working minimum wage at Walmart or lowes or home depot isn’t…. Well ideal I guess

@rephaelreyes8552

Жыл бұрын

@CW that’s what happens when America shifts into service economy. China and other countries are doing real work and producing products

@DLCS-2

Жыл бұрын

​@@rephaelreyes8552 cuz ut is cheap and slve labour laws are very lax

@avonfettydale9166

Жыл бұрын

people who work at home depot should starve and go hungry - brainwashed Americans

@LordLoMR2

Жыл бұрын

Lol people are asking for too much for low level jobs. These are entry level jobs, yet people these days want mid level pay. No wonder most of these jobs are being taken over by robots. 😂

@EnkiduShamesh

Жыл бұрын

Love it when people who have clearly never worked in a commercial kitchen dismissively refer to kitchen work as "flipping burgers" as if it were unskilled labor anyone could do. I know you were referring specifically to fast food, which is kinda paint-by-numbers simple, but the generally dismissive attitude toward labor, and the trades specifically, is one of the reasons that we have had a decades long labor shortage in multiple industries (including restaurants). Restaurant owners have been complaining about the inability to find qualified workers since I had my first kitchen job in the '90s, yet over all can't seem to make the connection that they aren't paying people enough to work a job that is stressful and takes years of training to get good at. We have a looming crisis in carpentry because almost no young people want to destroy their bodies for $30 an hour. The average carpenter is in their late 50's to early 60's. Keep sneering at labor and insisting that these jobs only deserve minimum wage. I'm sure that will help fix the decades long worker shortage that is approaching crisis levels in some fields.

Essentially everone cant have a job, because then it will be hard to find workers for new jobs that arise. Raising the pay of that particular job. Then raising inflation. That's bad. But it's completely OK to not have the fed regulate corporations that are price gouging like fkn crazy and the main issue of inflation right now. Regulate people not corporations...America is an autocracy

You can't get the experience if you can't get the job. Than employers have the nerve to say "Well nobody wants to work..........." F out of here.

"Get a job!" *Gets a job* Fed: No, don't do that!

Let's just ignore corporate profits. Yeah that probably doesn't have any affect on inflation. Bailing out speculative investors is probably fine too. Yeah the workers are def the problem here.

@CristianmirabalWuno

Жыл бұрын

Fr according to these sources, we have like 3 years with issues on the demand and supply chain and somehow nobody in the power talks about solving it, maybe because it is a lie to protect coorporative greed?

Job losses clustered in the crumbling industrial heartland where jobs comparable to those of the past no longer exist. We traded good jobs with strong wages and benefits for cheap imports at big box stores...thank you corp. Am. When manufacturing jobs vanished they are replaced by low pay service jobs. High-tech firms, the last bastion of fruitful careers, employ far fewer workers than industrial giants in past generations (and even those positions are at risk from artificial intelligence).

So essentially what you are saying is that never give the workers the power demand what they should earn and that power should be exclusive to the employer.

@rdean150

Жыл бұрын

Precisely.

Videos on these educational topics when I am unfed & under constant threats of losing my housing are going to have to wait until I am in better circumstances for viewing. However I will cite the source here and now I know that it really is my own government working against me now and truthfully that will be preventing me from moving any more forward. Glad someone else credible news source here are now finally addressing the issues here. Because it's about time and actually it's been long overdue as well too.

I find that metaphors make understanding a topic more difficult than plain language and is a tool employed by those that have a loose grasp on the topic they are trying to explain.

Is it just me, or is anyone else really tired of the rhetoric revolving around squeezing the little guy? Why isn't there more "in depth" coverage of the wealth gap, the percentage of income from a ceo to their lowest paid worker, conversations about windfall taxes, etc... etc... etc... Watch videos of Robert Reich (former labor secretary) if you're hurting, he's saying what you're feeling.

That last question was just f'd up..

Inflation is much more complicated than just employment levels. It's too much cash in the system, which can be caused by many things such as sharemarket gains, property gains, government stimulus and recently the addition of fake money (crypto).

@hugopulido9446

Жыл бұрын

Lol "fake money crypto" ... I thought they were digital chucky cheese tokens.

@personmcdudeguy

Жыл бұрын

oh my god. the stimulus did not add that much money to the system. A FEW payments of $1400 to people at best helped people make some impulse buys or buy some crypto, but for many that is LITERALLY one single month of rent. We know that much inflation is actually supply issues from the pangea and war in ukraine and corporate profits!!

For anyone looking to deep dive into this economist Stephanie Kelton wrote a book called The Deficit Myth that addresses the Fed and its inability to balance inflation with job availability. She proposes creating a government workforce pool that people can fall into between jobs that would specialize in building infrastructure, developing public utilities, education, and healthcare. It would provide "lesser" job alternatives for people between jobs or just entering the job market. It would create opportunities for unemployed workers without raising inflation while providing a direct connection to balance the economy and capitalize on unused potential in the labor market.

With an acronym JOB (just over broke) and everyone can’t have one? I’d consider that a good thing!

@mirabella2154

Жыл бұрын

"JOB = Just over broke" 😂 That's a good one.

@supadave422

Жыл бұрын

Jeopardizing Ones Brilliance

That's cool and all but forgot to mention corporate profits are record high

Such bull, instead of focusing on limiting common worker wages why not focus on millionaire/billionare profits and corporation profits. wake up people.

@MomopilotCool

Жыл бұрын

You're so right, we need to move away from a liberal economic system

We should have had 3-day workweek by the 90s and mandatory accounting/finance in the schools since Sputnik.

@nordinreecendo512

Жыл бұрын

I would argue instead of a "Three-day work week," we should demand a "24-hour work week." Lest they try to cram 40 hours into three days. My office managed to demand a four day work week, and I was stoked... until we went from working five eight-hour shifts to working four ten-hour shifts...

@psikeyhackr6914

Жыл бұрын

@@nordinreecendo512 LOL True! However accounting/finance should have been mandatory in the schools since Sputnik and everyone concentrating on Net Worth instead of jobs and income. Planned obsolescence creates jobs and depreciation for economists to ignore.

@nordinreecendo512

Жыл бұрын

@@psikeyhackr6914 Agree 100%, but unfortunately our education system doesn't serve the people, it serves capitalists. That's why they don't often teach critical thinking skills or financial literacy.

The sound quality of the voiceover is really not to the TV standard. Please use a better microphone or better background noise reducing software

My brother (who’s special needs) lost his job during the pandemic, and was unable to find another job. He eventually gave up looking for a job, and lives on government assistance.

I feel those who would allow the market dynamism to determine when to trade or not are either new in space generally or probably just naïve, the sphere have seen far worse times than this, enlightened traders continue to make good use of the dip and pump even acquiring more equities towards trading sessions, I'd say that more emphasis should be put into trading since it is way profitable than hodling. Trading went smooth for me as I was able to raise over 11.4 BTC when I started at 1.5 BTC in just a few weeks implementing trades with signals and insights from Andrew Martins, I would advise you all to trade your asset rather than hodl for a future you aren't sure about or hold it and risk losing all....

@user-oy2ss8ob4k

Жыл бұрын

His skills are very good he's active on TELEGRAMS with the name below ...

@user-oy2ss8ob4k

Жыл бұрын

@{ Signalwithandrew } THAT IS HIS USER NAME

@edwardbyrd6621

Жыл бұрын

I can bet He's the best in the market now…. Very reliable and his analysis are accurate.....

@isabellaandrew364

Жыл бұрын

Great skills and knowledge about the market. I enjoy full profits and easy withdrawal with no complains, trade with the best (Andrew)

@shinsekierik4318

Жыл бұрын

I made 2btc in less than a two weeks. it was very easy trading With Andrew daily trade.

I just watched this whole video, and I still don’t understand what’s going on. 🤷🏾‍♂️

I aced five economics courses in four years of college, I used reading economics to put myself into sleep

@Madamchief

Жыл бұрын

Did you pass an English course??

Optimization will ruin humanity. As we become more and more data driven as a society and tech driven, optimization will not allow for the maximum good of society, only the maximum productivity based on maximum profit margins with minimal expenses. You can’t min-max humanity.

“The second aspect of the development of the market in labor involves the separation of workers from their instruments of production. By the time of the American Revolution when private property was the rule, the ownership of the means of production was still quite widespread. About 80% of the nonslave adult males in the United States were independent property owners or professionals - farmers, merchants, traders, craftsmen or artisans, businessmen, lawyers, doctors, and so on. By 1880, this figure had fallen to 33% and, at present, more than 90% of all adults in the labor force are non managerial wage and salary workers. In the course of this transformation to a wage-labor system, the family farm fell to corporate agri-business; craft-organized shops were replaced by the factory system; and the services became bureaucratized” (“Schooling in Capitalist America” by Samuel Bowles & Herbert Gintis page 59). In short, America started out as a society of self-employed laborers with their own property independent of any kind of managerial control. Today this is all, but virtually gone.

Every retail or fast food I’ve been say cant find workers with now hiring signs people just don’t wanna work especially min wage jobs

@iamjohnporter67

Жыл бұрын

Of course because the wages are not high enough for people to help pay their bills given how inflation and interest rates have gone up.

@Purplenpinkk

Жыл бұрын

Wages aren't high enough. Also, unless you live close to the retailer or food joint, think of how much money you will need for gas and a car? You will get part time hours and all your money will go just toward transportation - what's the point?

@MomopilotCool

Жыл бұрын

If that's true then how is unemployment low and labour participation high?

I was informed that I qualify for food stamps as a student- $180/month which isn't much but it does help. Then DHHS called to say that the requirements are changing and I will need to work 30 hours per week to qualify 😒 they had no answer as to how to not max out my income limit working 30 hours or how in the hell I'm supposed to work 30 hours while going to school full time... So basically, I don't qualify for the meager assistance because I'm a broke student

@DC-rd6oq

Жыл бұрын

A lot of people work full time while going to school full time. But you're right, you probably won't qualify for food stamps then.

@Madamchief

Жыл бұрын

@@DC-rd6oq for sure. I'm doing 20 hr/week between 2 jobs currently so I stay below the income limit $1600 monthly in order to qualify. When the state changes requirements, it seems like no one will qualify?? Maybe only people making less than $10/hr 🫤

@DC-rd6oq

Жыл бұрын

@@Madamchief I think that is probably their point, although I think the income limit is too low especially if you're trying to pay for school or take out less student debt, which of course is a huge issue these days since getting an education is so expensive. I'm not sure, though, why you would work less just to get $180/month. If you're working 20/week and making close to $1,600/month, that's $18-20/hour. You'd only have to work 2-3 hours more per work for that $180/month. You'd be so much better off financially if you worked a total of 25-30 hours per week even though you wouldn't get the $180.

@Madamchief

Жыл бұрын

@@DC-rd6oq it's just too much for me to work full time and go to nurse school. I need at least 30 hours per week for class and study. I do have a mortgage to service so I only work as many hours as is necessary for the monthlies so I was stoked when I heard about student SNAP. Now I'm bummed I even bothered

@thealchemist69666

11 ай бұрын

@@Madamchief School is expensive so stop crying you're fine, some people can't even afford to go to school and here you are going on like life is sooooo unfair 😆

2% inflation is a purely arbitrary target. Why is it better to have 2% inflation and 5% unemployment than vice-versa? I have asked this question to many people incl PhD economists and have NEVER gotten a satisfying answer that went substantially beyond “inflation bad”. If wages rise in lockstep, 5% inflation is a nothingburger.

@jimpaddy79

Жыл бұрын

I think it because inflation is like compound interest and 2% is manageable near liner growth while 5% accelerates away exponentially. Put the 2% and 5% into a online compound interest calculator and you will see the difference.

@value4363

Жыл бұрын

@@jimpaddy79 But again, my answer is,so what? as long as your wages also grow by 5% its totally irrelevant

@jimpaddy79

Жыл бұрын

@@value4363it more complicated then that because of loans and investments, if I loaned you money and you agreed to pay it back in a years time I would lose value because the money you paid back would be worth less because of inflation so i would have to charge you 2% interest to get the same value back, now if inflation was 5% I would need to charge 5%. This means you would need to earn a higher profit or RoI. Also 2% gives a safety margin, if inflation rises in the short term its not the end of the world, while because of the compounding if inflation rose much above 5% prices would start changing very quickly which fuels further inflation and starts pushing you towards hyper inflation which is impossible to break out of. Finally at 2% the prices of thing change slow over time, so its easy to judge the value of things, while with 5% because of the compounding price would change dramatically over time and every 20 years you would need to add a zero on to the bank notes. Hope this helps

@DC-rd6oq

Жыл бұрын

In your scenario inflation would likely spiral out of control. If wages rise in lockstep, remember, those wages only apply to the employed. The unemployed, the underemployed, the retired, would all suffer significantly as would those at the lowest income levels.

I hate a job, i did three year from 2007 to 2010 and in 2010 i decided as i wont do the job under single indian, the beginning was so painful but i did a big fight to remain self employee, now i am happy about my decision. A job does not allow you think out side the box and does not allow us to suffer more which in the end converts into success.

I don't think anyone has a job, highways are packed all the time people going somewhere.

The more I learn, the more I realize I shouldn't even vote. These problems are way too complex for me to understand, and a vote is just as good as a guess at this point.

Adding insult to injury, there are so many ghost job postings making us waste our time applying to them.

A pretty funny line at 3:42

Almost anyone who wants a job can have one, almost. If that isn't a broken system, I don't know what is.

You don't stear a sailboat with sails

They say they need US authorise visa . Even during pandemic . Denying people opportunities is not good for the economy .

Most of those jobs don't pay enough for the cost of living unless you live in a car and shower at a gym. Jobs + pay = less than living costs. Few people qualify for higher paying jobs without experience or skills to do them. Not everyone is smart enough or can afford college degrees.

I get having too many jobs and not enough worker to fill those jobs can cause inflation, But instead of raising the rate to cut jobs, why not find more workers to fill those jobs? There are tons of immigrant who would love to come over and work those jobs that no one wants to work at like Mcdonald's. Am I missing something?

what about people with more than one job? that doesn't show up either, if anything it gets counted as another person having a job. Also, students and internships, those are jobs, even if unpaid because they still provide some workforce for whatever company they work for.

This entire job market and how it operates under Capitalism is so stupid. In a world where you must work to survive, we purposefully keep all people from finding a job because they're scared of the volatile economic system that we work under.

@belamcd9878

Жыл бұрын

Yes can you imagine people starving and being homeless because the economy "needs" that to function, its a failed system.

@Immudzen

Жыл бұрын

We have to throw more people into the orphan crushing machine to keep the system running. You are right that our system is evil. It doesn't have to be this way though. EU countries are capitalist and they have better upward mobility than we do and they still managed to provide more generous systems to help people who have lost their jobs or can't find one.

@MrStumpson

Жыл бұрын

@Immudzen You're right. Those countries put people first even under Capitalism. Ours does not.

Wages have not kept up with inflation for at least the past 50 years so how is wage growth honestly considered a driver of inflation? Corporate profits keep growing. In 1994, the average S&P operating margin was 5.5% and today it is 11.5%. Each company in the chain is keeping more money for its shareholders and paying costs along to the next company that is also keeping more money until the additional costs of all the money kept by each corporation is finally passed on to the consumer. Rather than relying on suppressing wages when inflation gets out of control, we should focus on suppressing operating margin.

How come no one in government talks about this???

I think the RBNZ goes for around 5% unemployed and under 5% inflation, like 3% as the sweet spot.

Volume!!!!! Who mixed this?

Disable vet here haven’t be able to be hire since October, I want a job but can’t get a job that can handle my disabilities

The Fed was angry that day, my friends - like an old man trying to send back soup in a deli.

Anyone that wants a job in the USA can have one...but one that compensates well is another matter...no criminal background issues and good credit history can help...also having a car but really?!?!

interesting they gave no stats on how wages have contributed to inflation