00:13:58.740If you owe on a 30-year mortgage, let's say $300,000, calculate today how many hours you have to work to pay off that $300,000 or student loan debt, for instance.
00:14:13.300Let's say you've got student loan debt and you're like, it's going to take 30 years to pay off.
00:14:16.800How many hours in today's labor based on the current buying power?
00:14:21.360So let's say you make $50,000 a year, and you're going to, after taxes, take home $35,000, and then after expenses, you barely have a couple grand per year to pay down, say, $30,000 in debt.
00:14:34.920With inflation, people do struggle, but prices increase.
00:14:40.440People who work don't see a comparable increase in wages, but they do actually see an increase slightly more than they normally would.
00:15:07.920They say, we're going to give you a ton of our money, which means you get access to our labor market in exchange for bonds where you pay us an interest rate.
00:15:16.920So we then say they give us a billion dollars.
00:15:20.400And that billion dollars can go a long way in the American labor market.
00:16:43.540Now, the truth is, for regular people, they get left high and dry. That's what I'm saying. It's not good for regular people. Middle class people might be able to exploit this in some capacity. There is a minor benefit. So again, if you have a 30 year mortgage, like 30, you know, $300,000, inflation every year means the debt you're holding is becoming worth less and less in terms of raw buying power.
00:17:04.440And that's why your house goes up in value, and this is how you end up with equity.
00:17:09.580This is the manipulation game they play.
00:17:12.120This is Federal Reserve nonsense, typically does not benefit the working class people.
00:17:15.840If you're smart, you can navigate, you can figure out how to do it.
00:17:18.480This is what Trump, he's actually not talking about it.
00:17:22.620He's saying, I love inflation because it'll go down.
00:17:25.100But this is why wealthy individuals with lots of debt love inflation.
00:17:30.680Let's say, you know what they do, these rich guys, these CEOs?
00:17:33.700let's say they have stock in the company they can't sell.