I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.

Today's inflation is a result of corporate avarice, not only problems with the supply chain. We know that the money obtained by the higher prices isn't being transmitted along the supply chain since businesses are reporting record profits. More pricing result in increased revenue for businesses, which stays with them and goes into their pockets. We can rule out supply-related inflation because of this. If your stocks are extremely weak, now is an excellent opportunity to take a battered 401k and convert it to a Roth. Then, your Roth will be tax-free, and you will just have to pay taxes on the substantially reduced current values.

Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.

We are already in the big crash, Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.

The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

BRICS seeks to create a new currency, considering gold's historical role as a store of value and medium of exchange. However, the functionality and acceptance of a gold-backed currency in the current global financial system are uncertain. Creating a new currency requires careful consideration of economic, political, and logistical factors.

Mr. Chis Hedges and Professor Richard Wolff together, exposes the vain, flippant, obscene, unscrupulous, dishonesty, as is in the contradictory that is government. There is always an inexhaustible supply of knowledge , brilliance of mind, thoughtful, and dang, they tell the truth. That is what is so refreshing. Thank you both always.❤️💯

I genuinely mean it when I express my stress and concern regarding the market crash and high inflation, particularly in relation to my retirement. I have been experiencing losses for quite some time, and while some may argue that crises can present opportunities, I am feeling overwhelmed. However, I understand that investing is a long-term endeavor, and it is crucial to maintain focus on the bigger picture and the long run.

This nation needs more of you both!

I'm conservative and don't agree with a lot of the views expressed but have to say how impressed I was with this interview. Both the host and guest were intelligent and well-spoken. I really liked the format in which Chris would ask a question and then let his guest answer uninterrupted without doing a lot of "uh-hms" or "rights." He just listened politely and let him speak. I wish all interviews were done this well. Great job to both participants.

Wolff is Wonderful!! Chris is Crucial!

What my daddy always said , “son the system is based on theft” .

I wish we could have local TRNN channels in every US community. None of us know what is going on in our own communities because we don’t have real local journalists.

The market and the Fed consistently underestimate the sticky nature of inflation. The markets are still unsure if the Federal Reserve will continue to its plan to raise interest rates until inflation is under control, despite the fact that bond yields are rising while stock prices are falling. What is the greatest strategy to take advantage of the current bear market while I'm still deciding whether to sell my $401k worth of stocks?

Great video Chris Hedges, with professor Richard Wolff

You are second to none always truthful accurate and honest

Wonderful analysis. Thank you both.

What a great combination: Chris Hedges and Richard Wolff

Workers: you're sending Prof Wolff? Marcellus Wallace: feel better? Workers: hell yeah, that's all you had to say!

I highly revere Richard and Chris duo very much.

I wrote about stagflation months ago. I lived through it. It was very difficult. No, it was simply awful! I was a child during rationing. I remember that too. All this makes great good sense. But our legislators aren't even considering any of this. They are in deep debt to their campaign donors not to the people who elected them. We need to change that. We have work to do. You know how to do it. Marches, letters, emails, petitions, phone calls, unions and face to face confrontations with legislators and picketing grocers, corporations, etc. ORGANIZE!

Thank you for keeping the volume so LOW. I understand. Someone may actually HEAR this wisdom and we can't have THAT, now can we?

Thank you for this!

Interesting , a number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850,000 before I turn 60, I would appreciate any advice on potential investments.

I am Polish American us and polish Patriot 35 years in Washington DC and I do agree with you 100% professor

Come on people, you’ve gotta like these videos. He only has 47 likes. This is criminal. This man is a national treasure

These two gentlemen are currently the best thinkers you have there in US. So lucid, so stringently logical and simple, and so much on the Working Class side. Keep them safe. Greetings from (the looming) Europe. Ps: and keep your few true journalists safer: Matt Taibbi, Max Blumenthal, Aaron Maté, Glenn Greenwald, Katie Harper

Nixon wage freeze without freezing the price of goods caused a great deal of harm for the working folks. Everything else continued to raise in price while wages stayed flat. If we are going to freeze wages they must freeze the price of items sold. People are tired of making less and less while businesses record record breaking profits.

Loves me some Mr. Hedges and Dr Wolff That said, Chris Hedges' microphone is excellent. I wish all my favorite media sources used the same.

Unrelatedly: Rick Wolff looking fit and youthful as hell in this discussion. Really looks like he's been eating more veggies and working out a little. 🥦💪🏽

WOLFF IS BOSS!! THANKS👍REGARDS FROM AUSTRALIA!!🤍💙❤💥

Thank you, Chris & Richard!

A crash and bullish market provides equal high-yield potential, it's all about information and strategy application, I've seen folks make huge 7figure profit in a crashing market and pull it off much easily in a bull market , Unequivocally the crash is getting somebody somewhere rich..

We need more people like these two gentlemen.

Always looking forward to listen to the both of your opinions on this decline

Thank you Mr Hedges for this concise insightful analysis. Real News indeed

Thank you for the interview

That was excellent chaps: much appreciated.

Hedges and Wolff ride again!

Excellent interview!

Two if my favorites in one interview!! Merry Christmas to me!!

my two favorite minds together, awesome.

Thank you from the bottom of my heart to both Chris Hedges and prof Wolff, and all who make the show possible. Thank you for fighting the good fight and speaking truth to power so often as you have. You have not sold us out

Very important interview, excellent discussion!

A lot of it is also *Artificial* _Scarcity_ ...created in exactly the same way they manufacture "consent"

Really glad I rediscovered Chris Hedges. Like your topic choices and selection of guests. You always teach us a lot

This so beautiful vivid explanation of past history of facts

Michael Hudson is another great resource. In the early 70s he very accurately described the Financial Colonialism of the US, to the point that CIA agents read it to learn what to do better. Financialism has made the US deindustrialize as it's been more profitable for major corporations to outsource and play with debt. He now says we're in the late stages of financialism; every society based on it, including Ancient Greece, eventually collapses because it requires an endless new supply of new victims. Russia committed the unpardonable sin of standing up for its own interest.

Two of my favorite human beings

Chris Your speeches are as crystal clear and flowing as a rare unpolluted waterfall in Yellowstone.

Chris Hedges is a great interviewer. He facilitates and doesn't really try to talk over the other person or take control of the conversation too much.

Thank you. First time I’ve understood where inflation stems from and how Hit ler came to power and the propensity of us (the voting public) to look for a similarly opportunistic politician to ‘save’ us.

Well said!

Japan does have inflation. Don’t let the stagnation of salaries, the dropping salaries for new hires, and the push to hiring part time labor at lower pay rates fool you! There have been 10,000s of items whose prices went up 5-20% over the last few months. Japan is not an economic island-goods are exported and imported. The 15% drop of the yen and the inflation overseas guarantees increased costs. And it’s happening

I gotta say- you dropped the science today! And we've got to do something about it.

Respect for thisbchannel this is fair transactions simple👍

Always learning something from these two… thanks!

What a excellent intellectual interview thank you

I appreciate these men

I was buying a house and living ok on £60 a week 45 years ago...and the ONLY reason I have ever needed or fought for any more money is inflation. A lifetime of having to fight for more money just to try and keep up with inflation...never actually getting anywhere...like a dog chasing it's tale.

Interesting, thanks for the info.

The best channel on UKposts! If only the news was this good at their job!

Thankful for Useful!!! programs!!! We are Learning a LOTS FROM IT !!! Thanks again!!!👌👌👌👌👌👌👌👌

Great interview. Great journalist and Great economist. Thank you

Great chat.... The thing that is different today to the beginning of the 20th century is our energy sources are about to tip over into scarcity. I can't help but think this major seismic shock will be the tipping point throwing our societies into chaos. I'm reminded of the description that Joseph Tainter wrote in his book Collapse how society choose to fail or succeed , when he described the Vikings trying to colonize Greenland. The Vikings had a viable culture thriving in the same landscape that had been there for thousands of years, but they refused to adapt new ways of living holding onto their cultural ways and died as a result . I suspect our societies will, in a similar fashion, refuse to adapt to the circumstances and also die as a result. I simply don't believe our leadership has the ability to embrace any form of collectivism any more, maybe in pockets , here and there, but the dominant overarching cultural norms will see people go down with the ship rather than adapt ...

8:30 I AM THAT PERSON! During pandemic, people wanted to save money and instead of buying new Vespas, that started fixing old ones and even thought out service department went BOOM, parts suppliers were inconsistent, and a lot of people had to wait a long time… These people would constantly call us, badger us and show up at our office asking when things would be done (which consequently took up enormous time) It got to the point that we hired more people, Just to deal with the surge of people constantly asking “are we there yet? Are we there yet?” With this new influx of service clients, we had thought we hit a gold mine, but it turned out to be a Trojan horse. Before the pandemic, 80% of our clientele were women. While the men were at work, the wives and girlfriends would drop the vehicle off for service and they didn’t have many questions. They would just say “it’s broke, please fix it“ and so we would… when pandemic hit, all the sudden, men had extra time and they would be the ones dropping off their vehicles, but unlike women, they wanted to be more hands-on, ask a bunch of questions, be involved in the repair process, and waste a significant amount of our time to the point we had to hire more people… they also turned out to be highly impatient, aggressive and unreasonable. When things didn’t work out how they wanted it to, the men would thrash out in anger, threaten lawsuits, and show up unnanounced demanding to pick up their vehicles in mid-repair, after we had already ordered ordered expensive parts on their behalf. In short, they were the WORST CLIENTS WE HAD EVER SEEN. People would quit on account of our male customers verbal abuse, andexperienced high turnover so the only option was to raise prices. As it turns out, other businesses (including our part suppliers) were experiencing similar issues and they had to raise their prices too. Which also made us have to increase our prices again. And with all these guys running around trying to get things fixed rather than buy new devices vehicles, that created supply chain shortage. So I disagree with Richard. The supply chain really messed everything up and it was all linked to an influx of male clients not knowing how to coexisting and be good patrons.

Inflation means that the economy isn't working in the right way because it's based on greed. Greed creates injustice but greed eventually destroys the greedy, so it's better not to be greedy for the sake of all humanity & the environment.

Great interview Hedges. Would love to here more from Wolf.

Love these two!!!

Great guest!

So, when will we rise? What are we waiting for?...

i would like to hear more about the perspectives of the ecole de guerre in paris

These gents r humanistic GEMS! PROTECT THEM AT ALL COSTS! 💘

Mr. Hedges you along with Jeffery Sachs, Scott Ritter, Col Douglas MacGregor, Brian Berletic, Richard Wolfe, Alex Krainer, Martin Jacques, and a couple others are the most educational informative you tube channels. Never a disappointment thank you

GREAT TALKING POINTS PROFESSOR WOLFF AS USUAL SIR 💯👍🏾🌄

This report ends my week on a positive note!!

Excellent program

The willful non-understanding of Russia's cogent reasons for its current military operation in Ukraine have created an endless black tunnel down which the Europeans in particular have entered and continue to travel down. This tunnel is leading ever closer to the economic collapse of these European economies, a collapse it appears they are unlikely to emerge from for at least a generation. Meanwhile, Russia is building toward next year when it is expected it will begin to achieve economic growth once more having recovered in robust fashion from all the western attempts to destroy it economically. This while resolving forever the thorny question of NATO on its doorstep.

Plain and simple, reasons for inflation well explained, even more condensed: inflation= greed

Watching the Chris Hedges seven part interview with Paul Jay from nine years ago. Super interesting.

In my humble opinion, the Nixonian price controls were so successful that the oligarchs had to devise a counter strategy to prevent future use and they were very successful at it. They funded think tanks to take control of economic thought. Thus the rise of Milton Freedman and the Chicago school of economics. Monetarism took over every school teaching economics. “Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced ONLY by a more rapid increase in the quantity of money than in output.” This mind set completely and purposefully excludes all the other causes of general price increases. It absolved the federal government from responsibility and placed all the responsibility on the twelve member banks that form the FED. Price controls were thus effectively neutralized because the only tool the FED has is the FED fund rates. The blunt instrument of using the forces of recession to push down demand and tame inflation. Much to the delight of the oligarchs this method also served to squelched labor rates.

True Hero, for having the guts, to speak out on this subject.

A big thump up for this 2 fine gentlemen. Very educational.

So what would be the best way to unite the workers of the world? How do we stop inflation. Every year it gets worse and worse. Workers of the world unite!

After he mentioned wage and price controls I was ready to change the channel, but I was busy so I didn’t. How he explains rationing makes some sense, but I wouldn’t trust our current government to distribute cards fairly. In fact I would be surprised if they DID do it fairly. And that would be the same with Trump as POTUS as well. He also makes a simple point about manufacturers raising prices which I thought was silly at first. But I guess that’s true. We talk about companies passing along price increases to their customers, but they can do a number of things: eat the cost and reduce profit, raise prices proportionally and not change bottom line, raise prices and pay workers more keeping profit constant, or raise prices and give those profits to their shareholders. Unfortunately, it is now unlawful (if I understand this correctly) for a company NOT to maximize profit to shareholders. This is highly immoral. We NEED a new understanding of the Corporation, as the current one is/has destroyed this country.

My favorite economist ...Professor Richard Wolff....adore your sense of things...

Mr. Chris Hedges and his guests, as here, and thank You heroes! surely as any looker, thinker - of all the falderal from unfortunate media the public, the people are subjected to looking upon, along with little if at all equal, mostly unequal government - are to be appreciated!

Everbody needs to hear what these gentleman have to say. They speak truth & common sense. They don't have any sponsors suppressing them. History would be happy to teach us a hard lesson. History will teach us a hard lesson if we dont

Another very interesting conversation. Richard couldn't have said it any better. Corporation PROFITS in 2019 were 1.3 trillion and increased to 2,1 trillion in 2003. In three years corporation profits have increased 50% in 3 years. Have You had a 50% wage increase in 3 years, I haven't. The true cause of inflation corporation greed, price fixing, gouging, by retail monopolies, oil, etc.

Though provoking ...informative ... compelling...Dr. Wolff, you always deliver...

Let’s say we are playing a game of monopoly and we reach a point in the game in which there is no more cash left but there is another older monopoly game in the closet so we go raid that game and just inject more cash into the game. What happens? Prices of each property go up but nobody is actually any wealthier and the person that gets screwed the most is the guy within holds the fewest properties/ assets.

The federal reserve only deals with interest rates… not price setting. They play NO role in that.

It's only top corporations that have the power to set prices. I work for a small business - an employer - that's been steadily losing $ throughout the pandemic and will have to close soon. It can't compete with big chains or offer competitive prices for goods.

Great analysis. What's to be done?

Chris Hedges has this cold incorruptible stare. Would make a great judge, and a toughest-love friend.

I am really eager to hear Professor Wolff's thoughts about his old classmate Janet Yellen's "brilliant" idea of the "oil price cap"😅🤣

Great segment. Thank you

How have you mastered the algorithms, Chris? Your programmes always follow anything I search for. I'm not complaining, by the way.

Good stuff!!!

Seeing these 2 collabing has been a dream of mine. I haven't been this excited for this conversation since Randy Macho Man Savage and Hulk Hogan became a tag team for a while...