Video is accurate up to about 30 seconds.
Then he says "great resignation" (myth) and supply chain (not the biggest driver of cost of goods increases.)
In typical charlatan fashion he:
- Successfully identifies a real and felt problem using solid facts
- Jumps to conclusion on the causes of the problem and the solution - both which are total BS
Another gem
Quote:
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Higher prices... actually affect the ultra-wealthy the most
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LOL.
Who spends a larger portion of their income on gas, food, and other daily necessities? The poor or the ultra-wealthy?
Who holds a larger portion of their wealth in cash instead of assets? The poor or the ultra-wealthy?
Inflation drives up prices of scarce assets. These assets are typically owned by... the poor or the ultra-wealthy?
Who does inflation really hurt more? *facepalm*
Later he goes to admit the wealthy have increased their net worth and are buying stocks... This man successfully talked out of both sides of his mouth to declare he is an imbecile. Well done.
Nothing against the ultra-wealthy, I'm on my way to joining the gang. I am against inflation. It hurts people on fixed incomes and people on lower incomes.