Comments by "Debany Doombringer" (@debanydoombringer1385) on "The Uncensored Truth about Inflation - How Inflation Enriches Politicians and the 1%" video.

@allesdurchprobiert That's not what makes a country rich. The poorest person in a rich country has things only the wealthy in other countries have. Cell phones, internet access, housing, food (no one starves to death in rich countries except from abuse), etc. It has nothing to do with anything you mentioned. The entire population of the US would be considered in the top 1% of the world in terms of wealth. $2 a day is considered poverty on a global scale. Even homeless beggars on the streets make more than that in the US. Ads talking about feeding the poor say "goes hungry" rather than "are starving". It's that they have a single meal a day, where as in most countries it's they only have food a couple of times a week. Famine isn't even a slight concern where as it's a very real concern for the majority of countries. That's what determines the wealth of a country.
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@squigglyarmz197 Jung and Nietzsche weren't brought up in this video which is the one being discussed in the comment section. If this comment appears on those videos, it should be addressed there rather than a video about basic economics. I've come across far too many people that don't understand that an increase in the money supply is inflation. It's the definition of it. Instead they claim it's other things which are simply a result of the increase. Just like right now people believing inflation is declining when the current rate is based off of last year's prices which means the current inflation rate is on top of the previous years inflation. Technically we're experiencing around a 16% inflation from when prices began increasing, not 8%. It was around 8% the previous year and is around 8% currently. That equals a total of around 16%.
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That would cause the standard of living to increase not remain stable. As things become more expensive, the standard of living goes up because money no longer can purchase what it did before. Incomes do not rise at the same rate as inflation during an inflationary period so people drop into a lower class than they could afford before.
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@dwargonedragon794 I'm confused. Do you think they are doing those things in under developed countries? My sons are 23 and 24 and those things were going on when they were teenagers just a few years ago. Hardly anyone had a job vs when I grew up in the 80s and most teenagers had a job. Perhaps you can't "feel the energy" because you're not personally connected to it by people in your life. Music isn't as interesting to the youth as it once was. Now it's art and creating video games and apps.
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That was known in 2008 after the housing crash. It's a bit late to discuss that now. We've paid off our debt except our mortgage which we'll pay off in half the time because we double our monthly payments. It's living beyond your means and accumulating debt you can't afford that causes you to become trapped in it. Don't get fluctuating interest rate loans, only get fixed rates. Yes it's a bit higher rate, but it's stable and isn't impacted by whims of the fed.
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