Summary of Inflation is about money and that means and has meant eurodollar, not the Federal Reserve.

00:00:00 - 00:20:00

Inflation is not a result of money, but rather the rate at which currency is being printed. The author of the video discusses how the monetary system works and how inflation is caused by an increase in the money supply. He also discusses how some currencies are doing poorly and this is not a good sign for the future.

• 00:00:00 Inflation is about money and that means and has meant eurodollar, not the Federal Reserve. Japan is a perfect example of why what we're experiencing and have been experiencing over the last couple years is not inflation, it is quote-unquote inflation in the form of consumer price acceleration and consumer price increases. However, it is not the same thing as inflation, as Milton Friedman said a very long time ago. Inflation is always and everywhere a monetary phenomenon, which means the old adage "too much money chasing too few goods" is always true. However, there are other situations when consumer prices can increase even systemically for what appears to be a sustained period of time that is not inflation. Today, we're going to discuss the difference between inflation and quote-unquote inflation or Supply shock. Inflation is always due to too much money printing, while Supply shock is due to the inability of the global economy to respond to the rebound in demand which was accelerated to a certain extent probably a good extent by government intervention.
• 00:05:00 The video discusses how inflation is caused by an increase in money supply, which is due to an increase in the amount of eurocurrency in circulation. The inflationary environment would not have persisted if oil exporting nations had not taken in more dollars through the sale of oil, which then resulted in an increase in book entries (deposits).
• 00:10:00 This video clip discusses how inflation is caused by a shortage of money and credit, which is due to the eurodollar system. The 1970s were an inflationary period due to the eurodollar system's role of redistributing and closing the credit gap. We are currently in a situation that looks a lot like the 1940s, as we are seeing a commodity crash and high CPI rates. The Federal Reserve needs to do something to prevent this from happening again.
• 00:15:00 Inflation is about money, and that means and has meant eurodollar, not the Federal Reserve. Thomas McCabe, who was speaking in Congress in 1940 and 1948, said that if we don't do something about the Supply Shock, it could turn into rapid inflation. Jay Powell, who is currently the Chair of the Federal Reserve, sounds exactly like McCabe when he talks about inflation. The Supply Shock of 1948 was a recession that started in November of 1948, shortly after the Federal Reserve began to move to expand credit. Without the eurodollar money, Credit would not be redistributed in the direction from where it came, leading to Financial Instability, Economic Recession, and a lack of understanding of what is actually happening.
• 00:20:00 The author of the video discusses the monetary system and how inflation is not a result of money, but rather the rate at which currency is being printed. He also discusses how some currencies are doing poorly and this is not a good sign for the future.