News: Here's Why Most Americans Won't Be Able To Retire
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 19 September 2023
⏱️ 15 minutes
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Summary
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Transcript
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| 0:00.0 | Hello, fellow Rebel capitalists hope you're well. |
| 0:02.1 | So we've got a new report that comes out that basically states most Americans will find it impossible to retire. |
| 0:12.4 | Some sobering news. Let's get right over into Bloomberg and check |
| 0:16.1 | out the reasons they're giving. As most of you might have already guessed, they're |
| 0:20.8 | talking about inflation. So this again from Bloomberg here title of the article |
| 0:26.6 | inflation is dashing retirement plans as investors wake up to reality of price surges. |
| 0:35.0 | I want to focus on price surge because for whatever reason a lot of people get in this mindset, this like bifurcated mindset or this |
| 0:47.2 | it's black and white. Either we're gonna have inflation go up up up up forever or we're going to have deflation and you've got to be in |
| 0:56.7 | one camp or the other. It's either you're in the inflation camp or you're in the |
| 1:00.8 | deflation camp where I've always sat back and said, |
| 1:05.0 | that doesn't make a lot of sense to me. |
| 1:07.0 | Because whenever you look at a chart of consumer price inflation |
| 1:11.0 | in inflationary decades, like the the 70s like the 40s it never ever |
| 1:16.7 | ever goes up in a straight line it's not one or the other it's both it's always |
| 1:21.2 | both it's always a roller coaster ride. So as you guys know from watching this channel and the George Gamine channel, the whiteboard videos, in 2020, 2021, okay, now I'm seeing inflation. |
| 1:35.0 | CPI go up, but once the facts change, okay, now I'm disinflation. |
| 1:40.7 | And now I would be maybe this holding pattern is probably the best way to describe my view now. |
| 1:47.0 | But going into recession, I might even go into the deflation camp for maybe a quarter or two, |
| 1:52.0 | but then based on the government's response, I'd most likely go right back into the inflation camp. |
| 1:57.7 | So I don't understand the mentality that most people have, or a lot of people on YouTube, a lot of quote-unquote experts that it's either inflation or |
| 2:06.7 | Deflation you can't be nimble and go back and forth and say okay for the next six months or the next year I see this happening, or for the next |
| 2:14.4 | year I see something else happening. It's weird that you would think that you could change your |
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