“the rich are expecting inflation to grow at a faster rate than the rate at which they could borrow money”Andrei Jikh, relaying another source: Inflation will rise
Said on Oct 25, 2021, at 13:44 in the video.
The window it was checked over
Consumer price index (CPI): U.S. Bureau of Labor Statistics via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.
Result at every window
All windows are shown, so none is pickedSomebody else's forecast — not scored
What was said around it
you know what they could borrow and not pay it off and then die that is how that works and by the way anyone can do this with any income because the question is well andre how much money do i have to make in order for this to make sense for me to do and here's the answer it depends and it works best when there is an expectation of inflation which is right about now all of us are expecting inflation to go up and that's why in the first part of the video i said the amount of money that's being borrowed has doubled in the last five years because the rich are expecting inflation to grow at a faster rate than the rate at which they could borrow money and so what are they doing they're borrowing money and buying more assets and or more stuff with and the other thing it really depends on is your financial situation in traditional finance there's sort of a chain of command a money ladder a flow chart if you will of steps you have to take first before considering doing something like this and it goes something like this step one build your emergency fund of three to six months this is how much money it costs for you to be you save up six of those and move on to step two some people say skip this
What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.
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