4.7 • 1K Ratings
🗓️ 22 February 2023
⏱️ 10 minutes
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0:00.0 | Hello fellow Rebel capitals, hope you're well. |
0:02.0 | Wanted to go over an article from CNBC |
0:06.8 | that talks about the Central Banks |
0:10.9 | and how their views on inflation may change going forward and how that might impact you. |
0:20.7 | Their secrets are being revealed. |
0:23.0 | As I said in the title, |
0:25.0 | let's go right over to this story and check it out. |
0:28.0 | And there we go. |
0:31.0 | So, CNBC Daily Open, the Fed wants inflation at 2%. |
0:34.8 | But the economy might be fine with higher inflation. |
0:40.3 | So what they're talking about is how central banks around the world may be changing their inflation target. |
0:49.0 | It's where it was 2%, not to take could even hit that target, but now that they've way overshot it, well, maybe |
0:57.5 | we shouldn't get so worried about the 2%. |
1:00.8 | Maybe it should be 3, maybe it should be four, which sounds very benign until you get out like a compound calculator or a compounding interest calculator and just type in 4% over 20 years and see how big of a number that is. |
1:17.4 | So getting into this article, what they may be inadvertently disclose is how arbitrary pretty much everything the |
1:27.8 | central planners do. Let's check this out. So they go over what you need to |
1:31.4 | know today and I think this is kind of how they maybe this is their their start of the morning type of blog post here. |
1:39.0 | So where they get into this 2% inflation target increasing and again this even assumes they can |
1:46.6 | achieve their target which if the last 12 years is any indication they can't I mean it's either way too low or it's way too high. I mean, but my point is by them trying to achieve higher inflation than they were trying to before, it will screw up the economy that much more. |
2:05.8 | But getting to the point of the article here, 2% inflation target has been repeated so often by |
2:10.8 | Fed officials and central bankers worldwide that it seems absolutely |
2:14.6 | crucial to the health of the economy. |
... |
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