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sense. Just keep it in the back
of your mind as we go through
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expensive over time so that
speed the speed of that
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understand everything in
relation so the driver is a
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be careful of it because too
much speed is dangerous too
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obviously it's always set at 2%
that's what central banks want
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do they control interest rates
to calm down the economic train
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everything in in the content to
come and yeah everything will
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but when this inflation
increases too much what do they
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know go quite deep into every
single component but these are
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nation, you want a productive
economy to keep the economy
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inflation. What the central
bank does, who is the driver of
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at when looking at an economy.
Of course we're going to you
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actually makes it move. Of
course you want a productive
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they put on the breaks And then
the productivity is what
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stimulated and moving. But
anyways guys I hope this makes
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everything. So for example,
you've got the Fed in the US.
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breaks right so in any car or
in any train you need breaks to
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person who pushes everything
forward he controls it speed is
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the four main parts that build
it up and you need to
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You've got Bank of England in
an in obviously the UK and
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so that consumers have to pay
more over time and the reason
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England. So these are the four
essential points that we look
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the interest rates slow down an
economy or they can speed it up
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the train, we can say. They're
the guys who who control
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control the speed and what that
is is the interest rates now
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and you know around that time
in Germany where you'd see so
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much inflation is very
dangerous and that's what we
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they'd have to get a whole
stack of cash just to buy that
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so to control this inflation
what do you need you need
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something that of course we
want we do want inflation
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inflation and the amount that
it rises you really do need to
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so what that means is
everything gets more and more
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economy forward. There's
nothing to propel it in that
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certain direction. You know why
would the economy be moving if
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many times where just to buy
one loaf of bread they could
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see in cases of hyperinflation
for example after World War one
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so like how we see inflation,
interest rates leads to that
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called. Um What it is is
products they increase in price
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pace that you can look at
essentially is inflation. Now
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that is is because there's more
there's more money inside the
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economy and as there is more
economy there's more inflation
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the past 20 years or whatever a
lot of people like to compare
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the the idea of a a Fredo bar
or a Freddie bar whatever it's
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it's going to be moving at you
know quite a pace. And this
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what inflation is in simple
terms is have you realised over
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economy produces inside it. So
think about it like this.
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progressing and in a way like a
train as well. Train tracks are
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the economy is always moving
forward. It's always
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everything is stand still if
nobody's producing any
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to trade. Uh the second part of
of the economy is the speed. Um
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business. No one's producing
any anything to sell, anything
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now obviously as we know when
the economy is moving forward
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way I like to teach the economy
as is imagine it like a train.
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Without the economy there's
nothing that actually moves the
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Yes guys, welcome to the second
video of the first part of the
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There's certain components that
obviously make up the train and
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that I like to look at in terms
of the economy. So the first
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one is the productivity. And
you can visualise that as the
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things like gross domestic
product which is what the
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there. It never really stops.
So there's four main components
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coal of of the train. Makes it
move. Productivity links to
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what drives it forward but
you've got to understand that
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explain to you in conceptual
terms what I see the economy as
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and a simple way for you to
break it down as well. So the
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so rather than you know going
straight into it. I want to
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everything just by explaining
the economy in simple terms. Um
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fundamental course. Um so we're
going to be beginning
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make sense soon. Alright take
care.
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