The Mark Moss ShowPrice Controls Are Coming, Kamala is talking about it now, but it’s nothing new, except now, it’s making mainstream news and they are saying the quiet part out loud. Again, another lawmaker, this time Kamala thinks she can now pick the price of bread, bacon, or lettuce even though she hasn’t been in a grocery store for 4 years, nor has she ever ran a farm, and any business for that matter. And just like here, dozens of other leaders from the Roman Empire to the Soviets, Venezuela, and even in the US President Richard Nixon thought he should give it a go, and the results, well… the results have always been the same… But… because its been tried so many times with predictable results, we also have a playbook we can follow to protect ourselves so… in this video, we will look at… What Kamala and other politicians are saying We will look at prices, to understand price gouging We will look soaring corporate profits since the pandemic Examine Richard Nixons previous attempt right here in the US And… how we can protect ourselves as this progress
Price controls.
They're coming now.
Kamala is talking about it now, but it's nothing new except for that. Now it's making mainstream news and they're saying the quiet part out loud. Now again another lawmaker, this time just happening to be Kamala thinks she can now pick the price of bread, bacon, or lettuce, even though she probably hasn't been to a grocery store in the last four years since she's been in office, nor has she ever ran a farm or any business for that matter. And just like here, dozens of other leaders from the Roman Empire to the Soviets to Venezuela, and even the US President Richard Nixon thought he could give it a go. And the results, well, the results have always been the same. But because it's been tried so many times with predictable results, we also have a playbook that we can follow to protect ourselves. So in this video, we're going to take a look at what Kamala and other politicians are saying. We're gonna look at the prices to understand what price gouging is.
We're gonna look.
At soaring corporate profits since the pandemic. We're gonna examine Richard Nixon's previous attempt right here in the United States, and we're going to look at how we can protect ourselves as this progresses.
So let's go now. Uh oh, just real quick. If you're new to the channel, my name is Mark Mawson.
I've been making these videos to help people understand economies, markets, business so they could live a more wealthy life.
Now I'm not some academic. Instead, I've been in the trenches.
I've been building businesses for two decades, dealing with the ups and downs of the FEDS reckless boom and bust economies, trying to earn a profit, trying to keep my employees working while trying to make enough profit to provide for my own family. So I'm live this all right, something that you know, these politicians have never done.
So let's just go ahead, just jump right into it, all right.
So, price controls a brand new idea or no, not really. As we've talked about, it's something that we've seen since the Roman Empire all the way up. Yeah now today. Now, what is basically being proposed is stopping price gougers, stopping greedy businesses from gouging people of prices, which sounds really good gets public support. But we're really talking about is setting the price of goods. Now, let me just say that all goods, the majority of goods in the world, at least in America, are denominated in US dollars.
How much is a home four.
Hundred thousand dollars? How much is a gallon of milk, you know whatever, I don't even know five dollars? How much is a gallon of gas? Right, So it's all denominating dollars. And when the government, or really the Federal Reserve sets monetary policy, they are setting the price of money.
And when they set the price of money, they're setting the price of all goods.
But we're gonna talk about actual goods and services today, So they're setting the price of goods and services. We can see all the headlines, of course, I don't have to tell you. I'm sure you've heard a million times by now. Kamala Harris unveils an economic plan, including a whopping one point seven trillion handouts.
We'll come back to that in a second.
One point seven trillion handouts and a ban on grocery store price gouging. Those greedy grocery tree stores. We're going to look at grocery stores specifically, so price gouging. So basically, we're going to set the price that they can't sell above gouging sounds a lot better for their media, so they get more public support. Basically, what she's saying is we're going to set a price that grocery stores cannot sell over. That's exactly what they're talking about. Now, this has been coming for a long time. I've been talking about this for a long time. This is a trend, and so we look at data, we look at charts, we want to understand the trend, the direction we're going in. It's not always what we have today we're trying to be in front of. We're trying to front run the information. So it's the trend. So we can see here. This was Senator Elizabeth Warren, no friend to any business or investor, back in twenty twenty one. So several years ago, one Senator Warren calls for the Department of Justice to actually go and investigate companies selling turkeys for what she called price gouging top poultry companies, anti competitive practices because turkey prices were so high. Okay, so she's been talking about cracking down on these greedy businesses and setting the price of what they can sell turkeys for. We had President Biden go on and make sort of like a public service announcement right before the Super Bowl last year. So when the time the most Americans are watching TV at one time, he ran a PSA.
Let's listen to what he had to say super Bowl Sunday.
There anything like me?
You'd like to be surrounded by a snack or two while watching the big Game.
You know, when buying snacks for the game, you might have noticed one thing sports drinks.
Bottles are smaller bag of chips is sureer chips.
They're still charging in chest as much as an ice cream lever.
What makes me the most angry is the ice cream carts that have actually shrunk insides, no on price.
I've had enough of what they called shrinkslation.
I'm calling their companies to put a stop to this.
Let's make sure businesses do the right thing now, all right. So he's saying this shrinkflation.
You know, customed or brands are now selling less goods for the same price trainflation, and he's not going to stand for it.
What does that mean?
Well, he's going to come in and tell businesses what they can sell for. All right, So this has been coming for a long time now. It's not just a partisan it's not just Republicans are scared about this or Democrats.
It's both sides.
So here we have a video on CNN, which is of course more of a democratic news station, and let's hear what they have to say about these plans that Kamala wants to roll out.
We've seen it happen in Venezuela. We've seen it happened in the Soviet Union. Price controls just don't work. It expresses a level of economic literacy.
We've seen this kind of thing tried in the lots of other countries before Venezuela, Argentina, the Soviet Union, et cetera. It leads to shortages, it leads to black markets, you know, plenty of uncertainty.
It sounded a lot like this notion that we were going to set price controls and that if we were returning to the nineteen seventies, you can't pay more than let's say, two dollars and fifty cents milk, and if you do, we're gonna charge the grocery store with some criminal act. And obviously this hasn't worked these sorts of policies in Venezuela or.
So it be at pressure.
Okay, so you can hear everyone knows these are bad ideas. Everyone's scared and a lot of people are scared that she's running on this platform because she thinks it could They think it.
Could actually torpedo her career.
But the problem is gained a lot of public support because the public don't know. But I'm gonna break it down for you right now. I do want to just say real quickly as something I've been talking about for a long time. Of course, I've been pounding the table on inflation, inflation, inflation, and I said that since the FED has been stuck between a rock and a hard place, basically, whether they cut or they print, all roads lead to more inflation.
And I said there was a third scarier option.
The third scarier option is, well, but if we just cut prices or cap prices, and that's exactly where we find ourselves.
Okay, So all.
Right now, Senator Warren Biden and Kamala they're all talking about food. They're talking about price gout gin on food because of course that affects the poor people, and they can't afford to eat anymore, apparently, So we're gonna look at food. But before we do, as a thought experiment, let's just look at price gouging for a minute. And let's look at maybe the most often cited example of price gouging, which is drug prices.
You hear about this quite often.
So there was this tweet that went up the other day and it was this guy, what is his.
Name, Warren Gunwales. I don't know where.
They want to give him a lot of credibility. You shouldn't follow him, but he said that price controls are actually.
A good thing. Well, let's just take a look at this.
So price of ozepic first of all, and you don't need to pay for ozempic. You can go to the gym and just eat less. You're probably not gonna like that.
Leave me a comment, tell me how much how bad that is? But it costs He says, it.
Costs five dollars to make ozepic five bucks, but in the US they sell it for nine hundred and sixty nine dollars.
What a ripoff?
What a ripoff? Okay, well, let's just take a look at that. Is it a ripoff? Let's think about this for a minute. Now, Like I said, you could just die an exercise, or you can pay for this now.
This tweet Robert Sterling was a really good take.
And this is the thought experiment we're using as an extreme example. Let's just say a scientist invents a product that costs five dollars per unit, likeozempic. So they invented this and it only costs them about five dollars, all right, five bucks for the raw materials and the direct labor cost to manufacturer. So obviously to manufacture are right cheap because the robots just basically compressed the powder together. So the raw materials and the labor is about five bucks to produce it, so then it costs five bucks to make it. He asked, what's a fair price to charge for that? Well, they shouldn't be able to charge more than two or three times. Okay, why right, we'll get to that. Should she be allowed to charge ten dollars for a fifty percent gross margin? Is that?
Is that?
Beir What about charging five hundred for a ninety nine percent gross margin?
On top of that? What if I told you?
If you think about the second, third, fourth order thinking, what if I told you the scientist expects to sell one million units of this new medicine, and that the scientists will generate nearly five hundred million dollars of gross profit off of that off of just a off of just five million dollars in direct cost, because it's only costing her five bucks to make it.
So what if she's going to make.
Five hundred million off of only five million in direct cost? But see the keyword being direct cost. That sounds really unfair, right, Like we can probably get Elizabeth Warren and Kamalada get a lot of support for that because it sounds so unfair. Right, Why should she be allowed to sell something for such a markup that cost her less money? Right, that's the question to ask.
But let's just think through this, Okay, So.
What if what if she had invested one billion of her own money to create the product?
So we've looked at.
Direct cost to manufacture it. But what if she had invested a billion dollars of her own money at.
Risk to create that product.
What if her gross profit so before overhead, is generating just a fifty percent return on her invested capital. You see, they're looking at just the direct cost without looking at the money that was invested at risk and then using that to get a now a fifty percent return on investment. But what if I also told you, like an infomercial, in addition to the one billion she invested onto the research and development to design this new product, she had also spent one point five billion on R and D research development on other products that never made it to market, right, for products that didn't work.
So she she spent.
A lot of money to design all these products.
A couple of them didn't work, one finally did.
All right, so now she did that they didn't get they didn't work at again regulatory approval.
Would that answer change?
Knowing that her overall return on invested capital is now only twenty percent at most, we might still think that's too high. Okay, well let's keep going. Then, Well, what if I told you the inventor could have taken her two point five billion and instead of putting it at risk and doing all that schooling and all that creativity and all that hard work and risking the two point five billion, she could have taken that and just invested it into real estate instead, and she could have made fifteen percent as a return on her invested capital.
In real estate instead. Now would you.
Change your answer knowing that this brilliant investor, I'm sorry, this brilliant inventor.
Who went to all the schooling was super creative and solved this big problem.
Knowing that she just didn't create products that change people's life.
She just didn't change or create change.
She could have easily just taken her money, deployed it in the passive opportunities, and sat on a beach. She could have bought more single family homes so you couldn't afford those things, and done no contribution to society. If you don't understand these why questions are relevant, If you don't understand why these questions are relevant, or why investor returns matter, you might want to put your phone down right now and stop making comments. You see a lot of people have opinions on these things, but they don't really understand this. Why would somebody invest their money into this without some expected return of profit?
They wouldn't.
Why would they go to all the schooling to be creative to solve these problems? If there was no return on profit, they wouldn't. They could just go buy the real estate and sit on a beach.
Hopefully that makes sense.
Okay, Now, why are prices increasing?
Let's just look at that for a minute. Now, people don't know the answer to that. Apparently supposedly right now, we don't know.
And part of the reason why we don't know anymore is because they change the definition of inflation. These are some really bad takes I found on Twitter. Obviously, like I said, this price fixing is all over the news, so there's a lot of stuff going on Twitter. Here is doctor Jane George from Tennessee. Now, Jane George is a six generation Tennessee in a candidate for US Congress. So this is somebody who's running for US Congress. She says, are you kidding me? In twenty twenty two, Kroger reported an operating profit of over four billion dollars. These greedy grocery stores. Kroger is one of the largest grocery store changes that are out there. If you don't know, they over four billion dollars. Walmart had an operating profit of twenty one billion. Cost of increase to the consumer every year since COVID, the corporations are gouging consumers. She says, I want to run for Congress and Tennessee and I'm going to support them all and we're gonna stop this price gouging. Okay, so they made four billion, let's just take a look at that. Let me show you a couple more bad takes real quick before we look at the actual numbers of how much profit this four billion was that Kroger made.
There's a couple more takes right here.
So you think price gouging is good and the corporation should be allowed to starve Americans so that CEOs can get multimillion dollar bonuses.
Parke gouging is fine. That's what they're saying. That's the way to look at this.
They should be able to just starve Americans these grocery stores like Kroger. You must be a wealthy and occult and unable to think for yourself, or a troll maybe all three. So if you think that it's okay for Kroger to make four billion dollars while Americans are starving, you're a troll. This guy, for the record, I says here grocery chain seeing a three hundred percent increase in profits when the cost of goods are only going up by ten percent. This guy modern man. If you look at his bio he's an economist, but he says that grocery store change are seeing a three hundred percent increase in profits when the cost of goods will go by ten percent. This guy down here, al, what is wrong with ensuring food prices aren't artificially inflated?
Are you dumb?
Of course we should make sure they're not artificially inflated. Okay, okay, okay, let's just break.
This down for a second. I can't go on past with this point.
In a free market, there is no such thing, and there's no possible way to do this. So what happens is everybody operates on a profit.
If I wanted to charge way more and.
I have this massive profit, guess what's going to happen In a free market, competitive environment. Someone is going to come compete with me and they'll do the work for half the profit.
But those margins still pretty fat.
So somebody else will come compete with me and charge me for even less, and compete for even less, and eventually, in a free market, the competition drives profit margins down to where they're barely sustainable.
If you're like a.
Contractor or some sort of service provider, you already know this your competition makes it where your prices get compressed. That's what happens only and only in a system where the government imposes regulations and doesn't allow competition. That's the only way these fat margins could even be possible. Otherwise they're going to get compressed all the way down. But let's just look at some of these numbers from an economist. Three hundred percent increase in profit with only ten percent increase in good We're gonna look at that data here. But I just want to play this for you real quickly because this video also just came out. I was gonna do a whole video just on this, but I decided to pivot. And this is from the IMF, the International Monetary Fund, so this is the central bank above central banks.
They just put out this whole video.
It says, ask an economist inflation, why is it happening? So?
Is it the greedy corporations? What the heck is going on?
Well, let's just go ahead and hear from an economist of the IMF and hear what they have to say.
Well, there's two big buckets of reasons. The first is when there's shortages and supply or slow downs and supply. The other big bucket is on the demand side, so people demanding or wanting more goods and services than there are available.
Okay, so there you had it, two reasons why prices go up. And of course, like you learn this in elementary supply and demand. Duh, Right, So when there's less supply and there's more demand, prices are going to go up. Likewise, when there's more demand and less supply. Right, it's an equation supply and demand. We didn't need an economist from the IMS to tell us that. But let's just think this true. So if we want prices to come down, we should add more supply, right. We should make it easier for business to compete. We should make it easier for business to do business. Cut the red tape so we can get more supply into the market.
Or we can reduce the demand.
Of course, that's what the central banks we're trying to do, reduce demand by making you feel more poor.
Now, one of the ways we.
Can cut demand is stop pumping in. What do the Kamala want one point seven trillion dollars she wants to pump into the economy, which creates more demand. You cannot create more demand without increasing the supply at the same time, it sort of looks like this. Now there was a saying it's the economy stupid. In this case, it's the money stupid.
You can't just keep printing this much money.
Kamala wants another one point seven trillion. You can't just keep doing that without also increasing the supplies.
But when you threaten stores, you're going to shut them down. Does that incentivize more stores to.
Open or does that incentivize less stores to open. If grocery stores can't make a profit, are they incentivized to stay in business selling groceries or will they pivot to something else they make better. Now, let's look at the data here, because these economists are saying that these grocery stores are gadgets. They're making four billion dollars while people are starving in it. Their profits went up by three hundred percent when their cost of goods win up by ten percent?
Is that true? Look of the data.
So the first thing I want to take a look at is us. Let's just look at Kroger, who is called out by gouging people, one of the largest grocery store change and the money supply.
So what we can see here.
This blue line right here is the money supply, and what we can see since twenty twenty, the money supply has grown by almost forty percent thirty eight point eighty six to be exact. So we've seen about a forty percent increase in the money supply.
That's the rate of debasement.
Meanwhile, what we have here is Kroger revenue and Kroger total expenses. So you have the total revenue minus the expenses equals your net profit, right And what we can see is that gross revenue went up by twenty three point three nine, expenses went up by twenty three point zho nine, which means they made about point three point three Let's break that down a little bit more so you can see that. What we have here is a chart of Kroger and their profit margin. Now, the profit margin is not that high. This is zero percent profit right here.
Okay, so this is nineteen ninety and here's twenty twenty.
Right now, they're making about one point four to three percent profit.
One percent.
Now, I mean, if a business can't make like ten percent profit, it probably shouldn't be in business. With my business, we're aiming for forty to fifty percent profits because we're trying to make, you know, a living, we're trying to stay in business. Here they're making one point four percent profit, and there's years where they're negative profit. So some years they lose, some years they make back, some years they lose, some years they make back one point three percent. What did that economist say they're making three hundred percent gains. That's certainly not what the data tells us. And it's not just Kroger again, they're one of the largest.
But let's just take a look.
Here's a bunch of food manufacturers. So here we have Nessley, unile Ever, Pexico, Coca Cola, General Mills, and again what we have here is zero percent right here, and we can see that Coca Cola is the highest at twenty two percent. Coca Cola is gouging. Oh my gosh, cut out the Co Cola twenty two percent. But most of them are in this ten to twelve percent range. Is that gouging to make ten percent profit with all that risk, all that effort. I don't think so, not as a business owner. Here we have eggs, so they say that eggs, we're being gouged by eggs. Here's the largest egg producer in the United States. I put a redline here for zero percent, and they're making currently eleven point nine percent profit on their business. Not too greedy in my opinion. But also again that makes up for all these years.
That they were losing. It doesn't take that into consideration.
So when you average these profits out, they're not making this. They have to just make back from what they lost. You can see it in the data here. And now let's look past food, look at all businesses. This is all businesses that are non financial. And what we can see this black line is zero percent. And look where we're at right now.
This is all.
Businesses that are non financial. Yes there's some big years, and yes there's a lot of losses. These gray shaded areas are recessions. So what all you can see is after a giant loss, when you come out of recession, it sort of snaps back and we make some good profits.
But then I lose below zero.
We have a recession and I snap back, right, and so they're just trying to get back to Even if the profit margin got that fat, then lots of other competition would come in and take that profit away.
All right.
Now for my favorite part, because you know that I love history so well, what it's saying says that those who don't know history are bound to repeat it, and that's exactly what we're about to do. So warning, there's past attempts, not just past attempts.
Pretty much every government that gets out of.
Control tries this at some point. The Roman Empire tried it with disastrous results. The Venezuela has tried it with disastrous results. You have empty food jelves. That's what happens, right, either capital in a communist country like this in Russia and the Soviet Union. In Venezuela, you have bread lines under capitalism, bread lines up for you.
Right, That's the way it works.
But let's just look back at a more recent example, because it happened right here in the United States not that long ago. As a matter of fact, good old President Richard Nixon. He's not just known for taking us off the gold standard. He's also known for trying to fix the problems created by that. So I put up this long Twitter thread over the weekend as I got inspired on this. If you're not following me on Twitter, you should. It's at one Mark Moss. We'll link to it down in the description below. I put a lot of daily commentary on there, so it's a good place to additional information. So I put this long tweet thread album. But let's just pull out a couple examples of what he did. So in order to combat prices rising because he severed the gold standard, he had to do a couple of things, and he created an economic strategy known as the.
New Economic Policy.
Now like FDR's New Deal, this was the New Economic Policy, And basically it was the suspension of the gold standard. Let's just get off that pesky thing and print as much money as we can, the implementation of wage and price controls.
So Nixon did this. You don't have to go that far back into history books.
I believe Kamala was alive at this time this happened, although she was a very young child, probably Okay. So Phase one of what this looked like here in the United States in the seventies was a ninety day freeze on wages, prices, and rents. That was August of nineteen seventy one. No one can raise their prices on anything. You can't pay more for your workers, you can't pay more for food, you can't pay rents.
None of that.
At that time, inflation was five percent, which sounds relatively tame in today's day and age, right, we're as high as what eight and a half nine percent just about two years ago. Now we're down in the three and a half percent range, So five sounds pretty reasonable, but they calculated much better back then. Okay, so that's what they did. No one could raise prices, but that wasn't enough. So what we had to do was then start phase two. And in phase two, the controls were administered by increasing the size of the government. Of course, it's always about that when FDR is new deal. Let's expand the government. Here phase two, let's expand the role of the government.
So the government can spend more money.
And what they did is they created all these new government bodies, including something called the Price Commission and something called the Payboard. So they created these government regulations regulatory bodies to make sure people weren't charging too much, and they just spent a bunch more money in the process. The Price Commission was literally responsible for approving or rejecting price increases, so no one could raise their prices without being approved by the Price Commission. And then we saw companies like Amicico, Steel, Champions, Spark Plugs, Woolworth, et cetera. Were ordered to roll back prices. So if they had said, no, you raise them without permission, you have to roll them back and provide refunds to customers. So now this money that you made, give it all back. In addition, in some cases, the controls led to companies facing severe financial penalties and to pay triple damages for exceeding price limits. Triple damages. So grocery stores are making one point four percent one percent, if you have to pay back triple damages, what does that do to your profit margin? Means you have no profit margin.
Okay, let's keep going.
Because that didn't work, So what else could we do? Well, then what we want to do is micro manage the entire economy, because of course, you know, a dozen couple dozen guys in Washington no better than the entire market. If we want to micro manage the economy, and they had a cost of living counsel. Sounds kind of dystopian, doesn't it. No company was allowed to increase prices without prior government approval. Of course, none of that worked. There was massive unattended consequences of this by freezing prices, input costs like raw materials went up.
The control squeezed.
The profit margins for many businesses. This led to widespread shortages. So again they're talking about food here. If I can't you know whatever, they would say, I can't sell a loaf of bread for more.
Than two fifty.
Okay, Well, if I can't produce the bread for two fifty and I can't sell it for more than two fifty, then I can't bake bread. If my gasoline costs went up and my wheat costs went up, and my labor costs went up, and.
I can't produce it, I can't sell it. It's just basic. One oh one.
Here, come on, if you can't produce a good for less than you can sell it for.
Then you can't produce the good. It's why at least to shortages.
Every single time. Now it got worse, let's keep going. It wasn't just the prices, and it wasn't just shortages of bread, all right. It wasn't shortages of gas. So back then you had to line up to get gasoline, and only certain people can get gas on certain days, for example.
It align up for food.
Then they created a new government body called the Committee on Interest and Dividends, And this is where things got really.
Really bad.
They capped dividend increases. They capped how much publicly traded companies businesses could pay out distribute those profits.
They capped that. What did that do well?
Of course it discouraged investment. Well, if they can't pay me part of the profit, why would I invest in the company. And that led to a decline in the stock market performance. So of course I'm not going to invest, which means the stock market comes down. And of course that caused potential investors to invest less, and of course that created a ripple effect of decreased confidence in the economy. No one was investing, so that no one was building, inventing, no one was producing, of course, and then we hadn't even got to phase three and four. Yet basically at phase three and four they made things.
Got so bad.
The economy got so bad that markets got so bad they had to throw in the towel. By nineteen seventy three, inflation had to reach double digits, so it had gone from five percent to over ten percent, the consumer price increasing by eight percent in a single year, and wholesale prices are up over twenty percent from nineteen seventy two to nineteen seventy four. So in just a couple of years, they completely distorted the entire economy. Shortage of food, shortages of gas, as well as a decrease in the stock market because of declining confidence. It was complete wreck, and of course Richard Nixon had to wave the white flag and cancel price controls, not without a whole lot of damage and harm to a lot of people along the way. Okay, what do we do to protect ourselves? Like I said, this has been tried over and over and over and over again. So what do we do. Obviously, yeah, write your politician, go vote, sure, do all those things. But on a personal level, what do we do for my business and for myself.
Well, there's a couple of things. The first thing is there's always goods available. So in the.
Shortages that happened in the market, what happens is you have this alternative market, a parallel market, a black market that pops up.
So there's always going to be goods and services.
If you have enough money, it just has to be done on the black market. Okay, So then that means that I should just have more money.
Okay, that's number one.
But number two what we want to do is we want to change our denominator, all right, is something that everybody can do. So this is Kroger. Back to Kroger. This is their net income, not priced in dollars, but priced in gold.
And what we can see is if we take.
Away the dollar and just say, let's say they priced everything in gold, what we can see is it's remained pretty flat. Right here, It's remain pretty flat. So what we want to do is change our denominator. So what do I mean by that? So you might see prices getting more expensive. Home prices are getting more expensive, Gas prices are getting more expensive, Foods getting more expensive, maybe unless you change your denominator. So right here is the case Shiller National Home Index. This blue line shows the rata which homes have been going up, and you realize that homes are getting priced out of the market. Right, homes are getting so expensive?
How we ever afford it?
Well, that's priced in US dollars. If I price homes in gold, they've actually been going down. So if I used gold as my unit account and I measured everything in gold as and not US dollars, things are actually getting cheaper for me, not more expensive.
We can look at it another way.
Here is homes in Palo Alto, California, So Palo Alto Silicon Valley, crazy high home prices. This blue line is home price is going up. This is since twenty twelve. You can see it going up. But priced in apple Stock, the price of homes have been going down. So if I own explosive assets like apple Stock, homes are getting way cheaper for me. They're not getting more expensive. What do you mean they're getting expensive for you? I haven't seen that. Or of course, in bitcoin terms, we can see the same thing priced in bitcoin. Homes in Palo Alto have gone through the roof, but in bitcoin terms.
They've completely dropped off of a cliff.
And so while just making more money isn't the easiest thing to do, everyone can change their unit of account.
And whether that's gold for you, whether that's apple stock, or.
Whether that's bitcoin, you can see that life gets easier.
When you look at things from a different lens. That makes sense.
Let me know what you think. Leave me a common down below. Let me know what lens that you want to price your assets in. What will be your personal.
Unit of account? For me, it's bitcoin.
For you, it could be gold, it could be rice, it could be bushels of oranges.
I don't know.
Let me know in the commons down below, of course, as always, give me thumbs up if you like the video. If you don't give me thumbs down, that's okay, but at least tell me why in the comments down below. Oh yeah, subscribe. If're not, lady subscribed, and that's what I got to your success, I'm out.
