The world's worst financial thief
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- Опубліковано 27 чер 2024
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Wealth inequality might be the world of finance's most dangerous lie. The thing is, wealth and income inequality are real things. However, the reason it exists isn't what you think. What you're normally told is nothing but a financial illusion.
I'm sure you've heard the narrative by now; that you should be blaming billionaires and the richest people on the planet for wealth inequality. And a lot of the time, you're hearing this from politicians, including possibly the leaders of your own nation.
The truth is, the people doing much of the finger-pointing (your leaders) are the ones who are actually to blame. And it all comes down to their money printing, which leads to massive inflation, as to why inequality keeps happening. And in reality, it's all due to an asset gap, not so much an income gap.
Please leave your thoughts below.
0:00 - A great financial illusion
0:55 - Wealth inequality isn't the problem you think
1:29 - Inflation: an economic thief
3:51 - How inflation benefits the rich
5:51 - Masterworks insert
7:00 - Who is really creating wealth inequality
10:07 - Some final thoughts
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#WealthInequality #Inflation #MoneyPrinting
“If the People understood Banking, there would be a revolution tomorrow”…..Henry Ford
⬆️📩📩▪︎
The International Jew was a great Henry Ford contribution.
Yep most people want to save money instead of spending it. Its just know how to spend it right in this game is all.
@@sinnyozzy he was a great man 😎
It is nothing but Corporate Fascism.. The corporate capitalism has been allowed to grow unchecked the result is inequality and the plundering of the planet earth.. The earth is no longer a livable place. They have become more powerful than you can think..
Best quote of the video: "If you don't own assets, inflation makes you poorer. If you own a lot of assets, inflation makes you richer"
You that's why we should buy the dip loll
Open secret. I'm nobody, so could be wrong. But, whole fiat system feels built on this principle
Even having assets is now protection from a taxation system aimed at taking your acquired wealth. What happens if in 5 years time you are forced from your 4-bedroom home as a sole occupier? This is communism; it starts and it builds (but not back and not better!)
"Everybody know...Da' po' always bein' fucked ova by da' rich. Always have...Always will. Private King./Movie Platoon 1986.
Very true
"Everyone wants to live at the expense of government, yet forgets that government lives at the expense of everyone." - Frederic Bastiat
And the rich want to live at the expense of the working class
Based Frederic Bastiat
@OBrien333 I know one guy who lived in a publicly subsidized mansion , rode in a publicly subsidized limo , flew in the worlds most extravagant airplane (also publicly subsidized) was protected by a publicly subsidized security force and he didn't pay a fucking penny in taxes while
occasionally boasting about it but then hiding his tax returns .
Modern day slavery
@@tapps1010 sounds like most politicians i know. This guy must be good at his job then.
No one gets into politics to HELP people lmao
I so appreciate how perceptive you are. It's so easy to get people riled up against a person perceived as an enemy. I DO think that kind of propaganda is done on purpose to deflect attention on what's truly broken. And I am grateful to you, Sorelle, for your mission to put power back in the hands of the people by educating them on how this broken financial system works. You ought to mention that the Federal Reserve just prints money as it likes - while if WE do it, it's called "counterfeit" and punished as a crime. Another video, perhaps?
“Don’t blame the billionaires, blame the game,” but what if the billionaires own and direct the game? Unlimited wealth = unlimited power, the game itself is an illusion.
exactly its disingenuous hypocrisy at its best
This is misinformation. She touched on this idea for a moment in the video about politicians who pass laws in their favor, but not everyone is like this.
@@michaelcortez9954 those who participate in a game rigged in their favor are cheaters regardless of whether they participated in the rigging process themselves, you are trying to have your cake and eat it too
They certainly do to a large degree. You think anyone actually gives a flying one about some useless politician's book? That advance is just a vehicle to disguise a payoff, much like a seat on the board of a company when they leave office. An air of legitimacy to a corrupt practice.
@@michaelcortez9954 You're right. Your post is misinformation.
Two points: 1st is the pandemic didn't cause the economic problem. People's fears and their responses to the pandemic caused the issue. 2nd is that we're not mad at the rich for being rich. We're mad at them and our politicians for the unadulterated corporatism that is now a signature of what used to be capitalism based democracies.
^ Wonderfully articulated.
Instead of people…you should have been more specific…governments caused this problem. They should have let people and businesses sort things out for themselves during the pandemic.
covid caused the economic crisis was a revised narrative put in play almost immediately. Covid not government measures that were shown to not be effective as other solutions. Create the problem, offer the solution. There's a lot I don't know but if I had to guess, I'd say the proverbial captains of this ship saw the iceberg, didn't tell anyone else, told the waiters to keep serving drinks until it was too late and the iceberg was visible to everyone. Not only that but in the timeframe between the captain's seeing the iceberg and the vessel crashing, they managed to engineer a lovely narrative to exclude themselves from any fault or accountability. And almost by a miracle there's an empty boat adjacent to the first boat called the great reset 🤣🤣🤣🤣
You're asleep the pandemic was engirneed to cause the problem wake up there the ones causing the problems if you can't see that then your eyes are wide shut truth is stranger than fiction they live
No, government measures on plandemic caused economic problem
I live in a country where:
- the government taxes my wage between 30 and 45%...
- The rich barely pay any tax at all...
- The lazy that don't work receive a monthly funding from our government...
Guess I'll blame all three these group!
“If the American people only understood the rank injustice of our money and banking system - there would be a revolution before morning.” ~Andrew Jackson
Question. within this statement how many of the American people? or any people for that matter are needed to gain insight into "altered states" this for which you speak. does it take to change this? Consciousness reality is so much more than what we think? It's exactly what we all think. Peace
I learned all this too late, because I was busy building real world skills which I value. It's utterly depressing discovering how the entire financial system really works.
I don't think it's ever too late for redemption. Or at least that's what I tell myself when I think about how I pissed away my 20's lol.
@@rdyjur You aint the only one!
@@louhudson1129 Yes !!
@Dino Sauro Some jobs are more valuable than others. It's just that the rewards don't follow that ethos.
@Dino Sauro No dude. There are no humble jobs or humble people deserving more. The ones who are smart or are wise and get education or plan their lives should have more money than the lazy ones who just want a job. Not just "they should" but that it is biology, if it's not like that we go against nature, and more than anything else humans are nature.
What has to change is the system with central banks and dirty politicans bribed by dirty billionaires.
Having a good idea should allow to get a loan at the bank to start a business, the same if you have an income and want to buy a house or a car etc
The "transfer of wealth" occurred before inflation really took hold. When the country was locked down, small and mid size businesses could not operate(many no longer exist) while mega corporations were left generally unaffected. People were given far fewer options with respect to how/where to spend their money, and major corporations not only had the cash reserves to weather the storm but were also not expected to play by the same rules as other businesses. This resulted in record profits for companies like Amazon and Wal-Mart among others. Billionaires-with the help of daddy government-made out like bandits. So while you're correct about inflation effectively acting as a tax on working people that ultimately benefits the extremely wealthy(not to mention the government with respect to interest rates on various loans and lines of credit), the transfer, or fleecing of the working class, has basically occurred in two acts, with inflation being the second.
EXACTLY 🎯
Yep. Chess move... "Check"
The worker class mostly supported this
I'd add a third act of all of the quantitative easing (which was act 1) since the financial collapse. All of the money printing (and for the pandemic too) went to the ownership class. The stimulus during the pandemic was explicitly to guarantee property owners received their rent (guaranteed profits), large corporations would have their products purchased, etc. Laws could have been written very differently, like not having to pay rent during the crisis, etc.
@@eduardos8895 thanks to a formidable propaganda machine along social ostracism if you dared question anything : psychological harassment of the masses, since the leverage of social medias (along mainstream medias that are now owned by a small clique since the "concentration" of the 1990's), allowed them to do so.
I am in love with her simplistically simple answers to these begging problems. 🥺❤️
Printing money is like pissing your pants.
Only warms you for a brief period, and then you're worse off than where you started from.
You are correct about inflation. Locally in TEN years, 2 bed houses have increased in (market) value by 100k GBP. The properties are untouched and in worse condition but going for stupid prices.
It's wild how much certain things have increased of late.
It is both very absurd and very frightening.
I thought war is another major factor that triggered inflation.Somehow,is it possible it's manipulated to faciliate this chained reaction?
Homes in the greater Toronto area have gone up 1mil in the last 10 years. Even tear down homes are going for a million here. The crash will be epic, almost 2029.
@@roxorz007 2029?
The problem with the ‘new money’ created is that it goes directly into repo markets, free money for the banks and the stock markets. Only a pittance was sent to the people and labeled ‘relief’.
If a significant amount of the real money ‘printed’ (on computers) had touched our hands in an impactful way, you’d never see a slow down in buying. I know bc I was in a very fortunate situation with my husband being a veteran getting paid at 💯 disability but we still qualifying for the boast. For us it was wonderful but for most, it barely scratched the surfaces and dried up very quickly. It was an obscene amount of free money that was created and waisted; and now we’re being gaslit to think we had a real hand in spending it all and creating inflation.
I agree it makes a Huge influx of commercial value towards something without giving it a set point of said value, instead it changes with everyday that passes it seems almost as if crypto currency and NFTS Were Possibly Made Only To Fail For The Ones Buying It But Not The Ones At The Top Who Own The Business And Can Sell It At Their Own Value With It Then Decreasing Dramatically As It Then Blows Over To The Next Pyramid Scheme -JACK
I cannot tell you how many times in the political world I have heard that this inflation was caused by consumer spending....
Regardless of who the money funnels through, Blackrock and the boys get paid for every single transaction. ALL capital market monies absolutely funnel through the WEF friendlies, with the rest of the 1% subjugated to them. The predominant huge controlling middle class has been getting squeezed out for decades and we knew it was, and exactly why it was. Now it’s gone but it was the way to kill small biz, like the pandemic has done, and inflation/recession will continue to due. Poverty is the biggest influencer to the subjugation of the masses, along with famine. Too many coincidences, UBI, digital ID, tracking systems, and now we all MUST BUY corporate run products and services… forcing the transfer of wealth away from the 99%. Avoid corporate consumption, open small biz without gov or becoming incorporated…community private lending and trade and coordinated labour force. Pay taxes and work hard for your community. Just sayin’
if that was the case ,then inflation would be worse than already is ,same goods and services plus 6 trillion in debt for the people to spend in the market = inflation on consumer goods would be way higher ,the reason that barely scratched the surfaces was the printing money in the first place ,theres no free lunch ,no free money ,its debt and youre gonna pay it now for years
@@yagoisbored the one who created the money can forgive the debt. It’s called a jubilee.
A hard lesson they don’t teach you in business school is; The definition of a recession is when all the money goes back to its rightful owners.
Wealth inequality is at the heart of poverty. Well, I would be the most salient example of this cruel economic, cultural dynamic.
Cantillon Effect. Those closest to the money printer are enriched. Love your analogy. I actually used the exact same analogy at a speaking event regarding Bitcoin a couple weeks ago. I stated that if there is only $100 in existence and you wanted to buy a steak that cost $10, that would mean that the steak takes 10% of the money supply. So if the money printer created $900 and gives it to a friend, how much would that steak cost? The answer, all $100 of your dollars as everything is to a degree priced as a % of the money supply.
When people grasp this, that money is a measure of value, not actual value, then eyes will open.
The worst is coming. Mark my words. Most of the planet is not prepared for the worst.
Bring it on
@@wrathofgrothendieck exactly. I'm prepared. BIG TIME. Heh heh heh.
I know the exact date ;)
@@theylive8256 sweet! Wish I did. Seriously. Sometimes knowing a future or the future has it's merits.
@@theylive8256 what's the date?
I’m near retirement age. After working 40 years I think my superannuation (I’m Australian) is in jeopardy. Taking into account the current circumstances of the economy and potential for conflict growth affecting it further in the only way it can; detrimentally (I’m a veteran too). I don’t have diversity in stocks or shares and distrust the risk being promoted online. However, I find your analysis refreshingly honest and illuminating. Keep up the good work and I hope we all prosper despite the challenges ahead.
WEF: "You will own nothing and you will be happy".
Politicians love these lies. It makes perfect sense now.
But the corporation don't like it, they need to you to buy. The world economic system is built on consumption. Whether your eat all those things you buy or put them in a garage full of useless trinkets doesn't matter. The message that is constantly preached, the message that is so ubiquitous that it is seldom questioned is want more, buy more. Economic growth depends on greed to fuel the growth and it's a system the requires growth or it fails. Only problem is nothing grows forever.
It's not their money that bothers me, it's what they are doing with it.
Flying to Mars
@@steam_bigh8899 actually I don’t mind Elon trying to get us on another planet. It’s the people like bill gates being the largest farmland owner in the US and wants everyone to eat grass instead of meat.
Why would it bother you how anyone else spends their money?
@@ayuyade You obviously spend the same amount of time on your thinking as you do your spelling.
@@stephengirling7859 Welp, misspelled. Happens. My time thinking has been pretty much well spent so far. Can't complain. If you spent the same amount of time thinking about other people's finances thinking about yours, maybe you wouldn't even have to check anyone else.
Do you believe it's the fault of billionaires? Or inflation?
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The picture seems fairly clear (in big part thanks to you and the vids you make
"We are guilty for the good we didn't do" goes the quote.
To ignore the billionaire hires lobbiests as a way to protect their never ending desire for more, to ignore the power and influence that comes along with billions of dollars and to ignore the fact that all these 'gurus" of philanthropy seem to conveniently ignore these policy issues while pretending their tips and tricks on money management are going to help those who can't make rent is laughable.
Guys like Tony Robbins write books to Master the money game while participating fully in the dysfunction and praising the men that all prop up this dysfunction.
It's like an addict that goes to the bar and blames the bar for their insatiable thirst and need to escape.
When the game is so rigged, when monopolies make free market a theory, when these corporations that buy up more than they will need in 117 lifetimes and for us to ignore the huge PUSH the exert over our policy is ignoring power that comes with money.
This feels like co-dependency or hero worship, not healthy accountability to the actions these individuals take and their ability to master the game because they write the rules.
You didn't pin this comment to the Top Sorelle. Are you testing the new engagement strategy??
For the first time in my life I finally, properly, understand inflation ... thanks!
I don't know why this is so hard to understand for most people, it is kinda obvious. I talked to a lot of people about this, and they just can't make the connection. It's like they are standing in a dark room and we try to light up the room, but even if they manage to hit the switch they only realize there is a disconnect in the circuit, so they remain in darkness.
You break down topics that seem so complex in a way that is so easy to follow and accessible for all. 🏆
Oh hi Damon! Thanks for the recommendation! Literally binge watching all of her video now!😊
Indeed.
Sadly, most people are dummies.
Below average intelligence runs rampant in the UA-cam comments.
Sadly.
that are wrong and missleading and actively taking ppl down incorrect path of lies purposly deflecting from the real problems
Proof that a good lie is easier to believe than a hard truth, you certainly bought it
Yeah, simple solutius are briliant, but they have this small issue that in reality they dont work, because reality is to complex for "catch-all" single-cut rules.
For example "all regulations are wrong" is a pseudo-religious dogma chanted by neoclassics, but some regulations are needed - food quality, traffic rules, legal system,... Or - after events like Katrina - let free hand solve it, no help, that would be anomaly?
These simple rules sound so nice, but then it hits reality. And reality is not a 2D chart.
Thank you Sorelle for explaining inflation in terms anyone can understand. Swaying people to hate the wealthy is what governments do well because very few people are willing to even talk about money, let alone learn how it is created and how it works. That ignorance is costly over the average persons' lifetime which is why so many people start poor, live poor and die poor, bequeathing nothing to their heirs, who only repeat the cycle.
The corporate oligarchy is the problem. We need true unbiased governments with a separation of corporation and state.
Thank you for putting these important ideas into common day vernacular! Truly enjoy the explanations.
Peace out 😎✌🏻
I live in a small town in the north of Quebec. The prices of the homes here is insane. 500k cad for a small bungallow, nothing special, no lux nothing. Since covid, price of wood and other material have doubled. I wish I could go back and live in the nineties. 💔😭
I’ve been working in social enterprises my entire career. I agree we can’t just blame billionaires, but as an entrepreneur one of the greatest joys is being able to pay people a living wage and treat them with respect. You don’t make billions of dollars by paying your labor force dignified wages. I’ve never understood the greed gap. Life is too short to be a greedy ass hole. Share the monetary love y’all.
NO. NO. NO.
Google Tesla salaries.
Musk expects you to work hard, but he pays an insane amount.
I employ a dozen people. I am fucking loaded. And so are my top employees - if you want to motivate people to do great things, pay them well.
they are billionaires because they are smarter and invests all of their money.
@@OdysseusAres5500 can you pay my 3500 dollar capital one bill for me then
@@survivingbiden6533 they are billionaires because their family were already rich and how ZERO intentions on making thing better for anyone but their greed
Well.. vote Democrat. So these billionaires can control everything. That's what Biden is pushing for. NWO WEF One world government. They still won't pay taxes and Americans with even a modest paycheck will become the 1% paying taxes... oh wait.... inflation. It's already started
Agee totally. You are such a rational thinking lady, I truly enjoy listening to you talk.
Woe unto this wicked generation!
Thank you. It is so good to hear some one explain this so clearly and easy to understand. This message really needs to spread more
Completely disagree with fine arts. I was with the conversation up to that point.
Art and gold are not contributing. They're decadent possessions.
Excellent investments would contribute by producing food. A good economic model forces capital to work. On a proper moral scale what benefits mankind should be of the highest value.
In some ways the system is a twisted free for all. Instead of concrete value it's perceived value. Speculation. Desire.
There must be rules and stop signs.
I agree with this -JACK
Love to appreciate works of art! IMO, if you don't hold it you don't own it
They just pay her to say that. If you listen to the things she says, it's obvious she is just making a few sheckles. Good for her too. Use the establishment to fund yourself.
When the rubber hits the road you cannot eat gold silver or art...however beautiful they may seem...
Classic cars are better.At least you can sleep in it if you end up homeless.
This is why people being pleased with raising of the minimum wage is so cringe. They actually think that will make them wealthier, when it's just the opposite.
Masterworks ad = any shred of credibility gone instantly
After watching many financial videos I can truly say: this is a great one. You have a talent in explaining simply and at the same time going deep
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@Résumé Also she doesn´t mention where that inflation is coming from and that during teh start of teh pandemic inflatiuon was really low. When I watched the last of her videos where she recommended to buy bitcoin to avoid inflation I knew it was a grift.
What a great video. In gratitude for this channel
So nice of you, and glad you're here!
Yooo, Hindz!
Truth!
Thank you for spelling it out!
Thank you for educating us! I love your unbiased approach and allowing us to understand what’s really going on. THANK YOU!
“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale......T Jefferson
Sorelle, thank you so much. I am unsure my daughters are listening to me. But they will listen to you. The real magic is that most people don't understand this.
Let's be real. It's from panic and fear "to help everyone in the crisis." (Each crisis is created to make a good economy.)
Inflation is the cost of today's goods at tomorrow's prices.
When your consumption exceeds your savings and investments, you will eventually go broke.
This is what governments have engineered throughout the world.
Great way of putting it: "Inflation is the cost of today's goods at tomorrow's prices."
Be very very wary when a large corporation voluntarily agrees to increase base pay for their low ranking employees. It's about control and putting the small competitor out of business. In the end, the consumer loses and the corporation wins.
It's much better when pay raises are forced by workers demanding better pay from their employer. I.e. unions
@@ThomasBomb45 Today's unions?
Whatever inflation number the government tells you, triple it, and you'll be closer to the real number.
People forget that it’s governments that have the biggest assets
Finally someone who isn’t preaching the eat the rich mentality. Thank you for actually taking time to explain the intricacies of how money works. Bravo
New subscriber here! You're putting in words some things I thought were the actual case, but couldn't quite put my finger on them. Looking forward to learning lots more from your channel, and Thank you!
One small problem the billionaires have,
(We all leave the world empty handed & our graves are all the same size)
I so enjoyed the way you broke down the explanation. Very well done 👏
Great post Sorelle ✨️
I appreciate you and your efforts to bring these issues to light ✨️
Stay strong, free, happy and healthy my friend 🥰💚
Thank you for this video Sorelle, Well although the world is falling apart I still believe that there is a hope as people we can make the world a better place.
“Awareness is like the sun. When it shines on things, they are transformed.” Thick Nhat Hanh. I believe, through each other we find one another. Thank you for your posts.
My grandpa never went to school. He can’t even write his own name. Thing is, you can not fool him a single cent.
I loved seeing a quote from the Mises Institute. Some of my college professors were involved in Austrian Economics. Great research!
⬆️⬆️📩📩.
The government officials and the central banks benefit the most. The government officials get kick backs from printing billions. The central banks get interest on top of all that money printing that is printed from air.
Yeah, they’re amongst the richest people in the world, they’re benefiting a lot. And I mean, a LOT.
All the Banks should own nothing & be happy.
Simply amazing ! It explains a LOT of stuff. Thank you so much for sharing that knowledge....
True but the race car driver loves the game and chips in to keep it the way it is or even worst bribe the owners to rig it more in his favor. It's a vicious cycle. As long as greed and ego exist, humanity will keep getting more corrupt until the day it decides to put an end to itself and that may happen very soon, the great reset might be that tipping point.
Two small caveats: what if the driver pays up a bribe to receive that very fast car? (corruption and lobbying which happens way more than people realise).
And what if that driver with that very fast and fancy car also knows about a shortcut which is not accessible by the average racer? (I mean all those financial trickeries through which the rich people are syphoning their money in fiscal paradises to avoid taxes - look at panama papers and other similar scandals).
So the game is far more complex than presented and the drivers are not that innocents.
It´s still the corrupt or inept politicians fault.
Or the fault of inept voters who don´t see through these shallow lies and promises...
thx, I finally grasped what inflation is thanks to you.
The Hamilton analogy is perfect 🤣
I love how you explain things in such a succinct manner. Could you do a video (unless I haven't seen it!😂🤷♀) on the books you've read? You are so well informed and educated, very inspirational 👍🇦🇺
Thanks again for telling us the WHOLE TRUTH and making it easy to understand!!! ❣️
@Drumcula I do agree but she has given us a deeper insight into a portion of a truth that is often obscured. We may not get to the full picture, but at least we are trying. We'll never get to any truths unless we try and are willing to dispel our preconceptions as needed. I welcome anyone who is brave enough to dive a little deeper and explore the rational along the way ✨️
Thank you. This was intelligent and informative. I can also see the issue with billionaires not being directly in charge of printing more money, BUT then gaining enough cash and power to influence the game even more in their own favour. Let's also not forget that many billionaires gain that cash through pure greed and exploitation as well, Amazon's owner comes to mind.
The app for investing in Art was not relevant for non-US citizens. Also it’s very risky and you most likely won’t withdraw you money. Plus everything is in USD which can crush in value any time
Great video. I conceptually understood these ideas, however you articulated and clarified them quite well.
Great to hear!
I enjoyed this video and found it super informative so thank you! One part that I would like more context / information on from your economic perspective is how impactful corporate or billionaire lobbying is and how that potentially plays into the equation of who’s at fault (if it does at all in your view). I’m not looking for a catch-all scapegoat for everything or anything like that - undoubtedly modern politicians deserve quite a bit of blame for often self-serving or otherwise spineless / out-of-touch responses to social needs… but their actions also often appear to be in response to lobbying efforts or donor funding which is where, at least for myself, a primary frustration with the rich lies: they’re not just the sports car driver that playing within the rules of the game set forth by politicians… but rather it seems like they are actively pressuring the politicians to change the game itself to ensure continued individual prosperity, you know? Anyway, sincerely appreciate the informative content as always! Would love to hear your opinion / expertise / thoughts on the topic and how it pertains to this video down the road someday!
Politicians are routinely in bed with special interests. The whole thing is a racket.
It’s not really the politicians, it’s fiat monetary systems. No fiat, no money printer.
End the Federal Reserve!
Why is it when I explain some of these things to my social circle they somewhat don’t want to believe, not necessarily me, but that things are that way, but when I show them a stranger on UA-cam to back/support/explain the same things they start believing it.
So thank you very much for all your content that seriously helps get people in the right page.
We blame them both. We know these governments are wicked. I hope you understand how great the disconnect is. You are talking about how much was gained and lost in the last health crisis and we are sitting here having never recovered from 2008. Exactly what do you think most of us have to invest.
Wealth inequality is a major problem... in rich industrialized nations, in poor nations not enough food is a major problem.
First misrepresent, then distract and finally give them a new boogie man.
There's incredible effort going into keeping folks confused.
Congratulations!
You're killing it!
Well, that explained the real estate bubble. I was wondering about that.
I always figured that the 1% were pointing at the super-rich to avoid people noticing that they're the ones making the rules in the first place. What I'm never sure about is whether the 1% understand that inflation harms those who can't keep up or whether they actually really think that it somehow works out because of rising tides or something. They other thing I hate is how they go on about the beleaguered middle class as if low-income people can somehow manage but the middle class (I assume they're talking about middle-income earners, not the professional class) are helpless and don't know how to budget.
The real estate bubble was driven by banks writing mortgages. When commercial banks make loans they create money. In normal times this is the REAL source of inflation. Blaming the Fed or the government is a popular distraction. Strictly speaking, most governments debar themselves from money creation; what they actually do is borrow money stagnating in the financial sector by selling bonds and spend it into to real economy. Much of this results in real production of goods. When banks create mortgages they create credit. Pushing this credit into a limited stock of housing standing on a limited amount of available land inflates those assets
Watch the movie, "The Big Short"
In history, the king rarely starves with his people. He decides his right to comfort means more than their right to life. History has always been and will likely always be that way.
Oh, no, they understand. They consider you tax cattle, when they do not hate you. They are malicious, not stupid l.
@@nevisysbryd7450 💯
Stunning video, from messaging to editing, everything is insanely well done. As for the message, I could not agree more. Whenever "the rich" are finger pointed at as the culprits it puts entire populations in victim mentality, which is the worst thing to be doing. This creates abominations like communism and nazism. The sooner we collectively understand that it is the system that is rigged, without the finger pointing, the sooner we can heal as a world. Of course it's easy to point blame on others, it seems like it would also come with an easy solution, but it's so far from the truth. I adore you guys for being such a voice of reason, sanity and ultimately healing. I think you'll be studied in textbooks decades from now. Love you so much!
Thank you so much for saying that!
The rich created the system and change the rules on the fly, to benefit them, remember the Wall Street Bets event.
@@douchebag0073 what I would say here is not "the rich" because that is a blanket statement that includes all rich people. Sorelle would be considered rich as well, but she didn't have any say in that. Words are tremendously important, much more than we may even consider. So with my world view I would make a point to rephrrase your statement into: "some of the rich people who wanted more power" or "some people afflicted with money sought more power to consolidate their gains, as their world view implies that otherwise they would suffer great consequences". "Some people with a lot of money wanted even more because they became addicted to it". As you can see, this is much more nuanced and leads to less feeling of separation. Those "rich people" are not some misterious aliens that came to this planet in search of money. They are a product of our society. A society that is built on unhealthily systems. Who is to say that you or I would have made a different choice were we to live in their shoes, with the same upbringing and conditioning? This was my point in the previous comment. As long as we point fingers, looking for the scape goat, this problem will perpetuate till eternity, because the core of it is untouched. We go round and round in circles. And these circles produce unspeakable horrors, justified by the perpetrators as "seeking justice" because it was "the rich" that rigged the game. Not that we all blindly agree to give our power and free will to a broken system. Not that we chose every single day to disregard how powerful we can actually be (which also comes with some pretty hardcore shadow work) and instead, we again and again choose to be soothed by the idea that we are just the victims and we have absolutely no responsibility in this. This is why I think @SORELLEAMORE will be mentioned in textbooks in future decades. Because she sees the actual mechanism and she is bringing education and awareness, to empower people to take responsibility for this society that we are all co-createing. She is part of a mass movement of radical responsibility and I fucking love that I was born to live in these epic times and witness history in the making. Lots of love to you fellow human! Xx
I noticed you made an unnecessarily long reply to my comment, I guess to dissuade a response from me. I suggest you also read Nicholas Penn's comment as well. I find it comical that you chose to critic my grammar to reply to my comment, and BTW you misspelled the word mysterious. Money is a tool and has no real value, it was soley created to control the masses. Perhaps you may be correct, and I would have made similar choices had I had a similar upbringing as those of the well to do, but that would still not validate my greed or those of the rich. Furthermore the working class are the victims, in the 70's the average CEO pay was equivalent to 20× the average employee, today the average CEO pay is more than 320× the average employee. Also legitimate inflation, in most cases, is temporary issue not a perpetual one as the ruling class would have the working class to believe.
@@douchebag0073 dear one, I did not mean to critique your language and your response is very welcome. I think what I am saying is getting lost in translation 😄 by the way, English is not my first language and considering I think I did pretty well there🥰. I do not mean to justify any wrong doing from those you classify as "the rich". My parents are working class and so was everyone around me. I grew up in Romania, a former comunist country who is now getting pillaged by "the rich". At the same time, my ancestors were war refugees and some were political prisoners for having been perceived at one point by the communist agenda as "the rich". Yes, I agree those people are continuing to rig the game in their own interest, but what I merely wanted to express is that I think it is time we start to look a bit deeper at the causes. Why is it that in our current system, 90% of those who get in power end up rigging the game more? They are the product of our society, are they not? They come from our school systems, from our belief system, from our own traumas. I guess my take on it is a more philosophical and yours is more looking at the way things are from the pragmatic understanding. I think there is room for both. The other thing I would like to add here is: this is just a written comment. The voice in my head reading this is loving and kind and I have no control over what the tone of voice you will perceive at the time you read this, as it is all very much up to your beliefs and mood at the time. I wish you a beautiful day and thank you for your comments as they gave me the opportunity to express something that I had been contemplating for a long time. All the best!
Thank you, I am learning so much.
Such an important point!
Absolutely love the way you break down everything so easily to understand! Don't hate the player, hate the game! 👌🏻
Just watching you speak is a pleasure. The fact that what you say is so prudent and valuable is an extra added plus. I love it!
Haha, thank you!
Why is Wealth Inequality a problem? This question is never addressed, it's just asserted that it is a problem with no explanation or justification.
There will always be inequality, everything is unequal right from the moment you are conceived. Pursuit of equality has always led to awful results. But the idea that "Wealth Inequality" is this great evil can now be expressed without any question...
Once again, it is our government being the common denominator in all this chaos and turmoil.
You forgot to mention the main cause which is the federal reserve
Thank you Sorelle for your well put together videos! It truly brings a lot of value to me. 🙏🏼
There is no economic system tailored to fit the financially challenged ideas of wealth distribution. Nor should the wealthy be obligated to slow down for them. Prosperity is a right given to all. Wether or not they learn how to use it is their decision. But to call the financially shrewd unfair and penalize them simply because they understand economics and take legal advantage of it is the real crime. It is because of the wealthys works that opportunities for the less financially savy to grow. That's capitalism. It makes better products and services and a larger variety at a lower costs, while creating more jobs. It's only the greedy that want to monopolize and change it, making a less efficient product that doesn't support consumer needs and even and more expensive.and they use the ignorant to get their change needed.
Best content on inflation I've seen so far. Thank you!
Politicians are in the 1% group.
And remember every human is consumer.
As an example, McDonald's sells hamburgers people are willing to buy.
People buy from amazon, & Microsoft
If people stopped buying,
there would be no company
Sometimes I hate to say “I told ya so” but I did tell the people I know. I told everyone the pumping of money into the economy under the guise of a “stimulus package” would comeback to bite us. But what do we do? Continually vote in the same lame politicians that want to destroy our economy, making us poorer and the wealthy richer. The very people they blame, besides the ultra wealthy are themselves, because somehow being a politician these days equals wealth. And then what does the world do? Look up to them as if they are heroes. It’s an Enigma…..
There's no way many politicians should be worth more than a handful of millions of dollars depending on how long their career has been but when you see they are worth 50 - 100's of millions then you know they are all up in the insider trading, tax fund theft and generally writing legislation for their own benefits. I'd argue there's very few good people's among the world's politicians.
Stimulus works, but only if it is spent on the correct things. Which didn't exactly happen in this case...
@@chrishermans Correct! They gave too much money but then shut down the country so no one could work, unless your in healthcare or another “essential.” It was intentional. Globalization is coming.
"stimulus" made from money created out of thin air is as real as trying to empty a swimming pool by filling buckets from one side of the pool and dumping it in the other.
You can't stimulate the economy by devaluing the currency via bescumbering dollars into the ether.
genuinely love your content, thank you so much
Very persuasive, however, the only solid ‘takeaway’ seemed to be to go and buy a couple of square inches of a Banksy while this good lady was getting paid for that recommendation. Not sure if impartial advice sits comfortably alongside sponsorship deals. Doesn’t mean she’s wrong but has the effect of adding some scepticism.
An explanation for why assets increase at such a greater rate than inflation would be enlightening. Where does the excess in cash come from that drives the price of the inflation fighting assets comes from? Something must be sold to transfer the value to the new assets classes. Keep up the excellent presentations! THX
That may be only a short trem effect not not one that is true over the long run.
Wow! Great video my friend! You are a great teacher
Thank you! Cheers!
You're very clever! Love your content. Keep the good work.
🍻 Cheers!
A splinter of truth from a tree of lies.
Brilliant! This is right proper explanation!
I feel tight in chest to know that Ive got a lot to figure out financially but feels a little releif to know and learn all aspects thoroughly, because of your knowledge and clarity
⬆️📩📩▪︎
Excellent and concise analysis. I would enjoy hearing your views on Capitalisms vs Socialism especially since so many kids in college and university are being told by their professors that capitalisms is the cause of many or the evils in the modern world.
Your information is enlightening - thank you.
Thanks for the information.
Thank you for making these videos in the most unbiased way, leaving the viewer with suggestions instead of absolute claims (even though I would agree with those claims), but this way, I can show your videos to "normies" and they won't reject them right away