welcome back to Tech YES City guys and
today we're going to be
talking about just my problems and
openly what's been happening in the last
few months actually and also
in since the start of april and first of
all we'll address the hair what's going
on there it's uh
actually there's nothing really to that
except uh in japan
when i first started working in japan from 2007
i was fine there was no real gray hairs
and then
after i started working at another job
in 2010 i started just getting gray
hairs it was such a weird thing it was
only happening on the sides of my head
not on the top of my head and so over
the years the hair started getting
sporadically
and for some odd reason just only on the
sides of my head
gray and i thought it holds me looking
back now i thought it had to do with
just that area or something in my
routine
where i was living in this city called
torgani in japan and i don't know
what it exactly is but the oddest thing is
is when my friend
who i handed my job over to in 2016 when
i came back to australia he started
working at the same job
and then started experiencing the exact
same thing as me gray hairs on the side
of his head so to this date there's
something about living in japan
living in torgane and working this job
that makes the sides and only the sides
of your head
go gray and not the top so this
hairstyle i just thought i'd give it a
try
where i used to get teased about it in
exactly this fashion so i was like
well if i'm getting teased about it then
i wise we'll do it the hair is not the
reason for the slow uploads lately
there's actually two big problems that
we're going to talk about and one of
them actually
affects tech directly it's pretty
in-depth but let's get on with that
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links in description below from the
start of this month i heard some news
where one of my sister's friends they
got to travel
overseas and the reason they got to
travel was to see their dog
and when i heard this i was uh i was
happy for them but
for me personally i was actually kind of
hit me really hard because i've been
applying in the last few months
to travel to japan to see my son and i
really want to see him i really miss him
and i mean it's one thing to have skype
conversations every day but
it's a completely different thing to see
your own son
and so it's kind of been tough on me and
i really miss him during this whole
pandemic period and i've been applying
and applying and i just keep getting
rejected
i mean for me personally it's hit me
hard because there's nothing more
important
in this world than my family so that's
been
weighing on me but i mean the solution
there i'm still researching if there's
anything else i can do and i'll be
trying again and again i'm just going to
keep trying
but besides that there's also been
another thing that's been brewing behind
the scenes and this affects
everyone worldwide especially if you're
low or middle-class income earners
and that is the inflation and the levels
of
inflation that the governments are
telling us worldwide and what we're
actually seeing
and first of all it started with tech
and i mean back in september
i realized that okay maybe this is just
what they're saying there's going to be
some bumps in the economy and when we
saw gpu prices spike i thought that was
just related to
simply way more demand outstripping
supply and gravis cards but as the
months go on i'm starting to see prices
of
everything in general start to rise and
it comes from say
for instance you go down the supermarket
mints has now gone from ten dollars
to twelve dollars and then there's other
things like my favorite loaf of bread
has gone up
uh ten percent and so you're starting to
see in general
inflation isn't low it's starting to go
up across the board and so coming from a
financial background especially
university
i thought i had the education to deal
with that it was funny because when i
went to university we didn't really
learn about milton friedman
and i started looking for answers and i
was like okay what
is going to happen in the future going
forward and really what's happened in
the past and i didn't really get the
answers until i saw one of these
brilliant videos that was uploaded about
money creation and inflation
and so in this video it just basically
gave me the answers to all the questions
i had
over the last few months and it's funny
because the only thing we learned about
in university
was that milton friedman was a herald of
the stock market where
i'm pretty sure the only literature i
remember researching on him was
is that ceo should do everything in the
best interests of shareholders
and we never really learned about so
many of the other brilliant
things and so over the past few months
i've had to educate myself
outside of what i learned at university
because i feel what i learned at
university
wasn't sufficient enough to explain
all the questions that i had on my mind
and then i stumbled upon videos believe
it or not
from the 1970s from milton friedman and
these were starting to give me so many
more answers and they're starting to
make more sense
than anything made before and so we're
seeing is at the moment
a worldwide phenomenon of money creation
and it's created from
the central banks of those particular
countries so in america you guys have
the federal reserve
in australia we have the reserve bank of
australia and essentially
it works in different ways if the
particular bank is doing what's called
modern monetary theory
then they're going to be purchasing
bonds directly from the government
in australia they purchase them through
the secondary market
but in this grand scheme of things it's
still the same thing
money is being created and it's being
created at an alarming rate
and now all things equal when you create
more money and you have the same amount
of goods
it's naturally just going to increase
the prices of things because there's
more money flowing around
and though another thing i had to
research was the price of certain goods
so if i go down the supermarket there
might be a basket of goods that haven't
increased in price
and i started researching more into this
and why that was
and what i found was they were using
cheaper ingredients economies of scale
and so that made the price stay the same
but if it's cheaper to manufacture
something
then technically that is inflation too
but now tying all this back and what is
happening
the government's generally after 1990
they wanted to aim for two to three
percent inflation they thought this was
a good level
and it helps the prices remain
relatively stable because
what you have is when you have prices go
too low for too long
it does create unemployment when you
have prices go too high for too long
that also creates unemployment and the
goals of central banks or at least what
they tell us is that they want to keep
unemployment as low as possible
and so for me personally i'm having a
very hard time believing this
when everything around me is increasing
at prices that i've never seen before
take for instance house prices stock
prices and now even prices of pc parts
if we look at a 1660 super now which
isn't such a desirable card
that is now costing 600 aussie dollars
if we look back
in 2019 this card i believe you could be
had
for around 350 dollars so when we look
at the cost of that that has increased
nearly double and this is one thing
that's not reflected in the uh
cpi so now it comes down to what the
central bank's telling us and what we
should believe
and i'm actually having a very hard time
in the last few months especially
believing what the central banks are
telling us in terms of our inflation
seems to remain low or it's only going
to be transitory well
if that's the case then interest rates
should also be spiking transitory high
as well
but they're not they're remaining low
the cost of borrowing is only 0.1
percent
in other words if you're borrowing then
you're winning and the more you borrow
the more you win
in this environment however me
personally i'm more of a person who
saves money
and i've always throughout my life saved
money and worked towards things and if i
couldn't afford it
i didn't buy it and i'm sure there's a
lot of other people out there who are
very similar in their nature so
basically they're admitting that prices
will be higher but they're not doing
anything about it
in other words they're not doing their
job properly and it's actually quite a
scary thing to think about especially if
you're like me and you save money
because if inflation does hit really
high levels and you're saving money
then the value of those savings erode
very quickly
in an inflationary environment in a
deflationary environment you actually do
well but
there's really been no evidence of a
deflationary environment
people like to refer back to japan and
say oh well japan had deflation
i lived over in japan and i lived there
for nine years roughly and i really
didn't see
increases in prices but also at the same
time i didn't see a decrease in prices
either
things remained relatively the same and
people were like well the governments
over there did do quantitative easing
and i tried to get my head around this
and i was like well yes
the governments did increase money
supply in japan however what i did find
out is that there was actually inflation
in japan
it just didn't come in the way you
expected it and actually if we look at
japan especially since the 1990s there
have been a culture of just saving money
and so there actually was inflation but
it was inflation in the personal savings
accounts of most japanese citizens
and when we contrast that to the uk the
usa and also australia three countries
that i've seen firsthand
i can see that the spending habits are
very different in these countries than
they are in japan
and so when you've got a spending driven
country and you're creating more money
that's naturally going to lead to higher
prices and that's what we're going to
see
i believe now going forward with pc
prices across the board and so a lot of
other tech channels
i think are oblivious to what's going to
happen we all think this is just a
transitory thing
but i actually don't think it is a
transitory thing and i think going
forward
it's going to be awkward to make content
when suddenly the prices of things go up
and you're sitting here talking about oh
well
the price was this two years ago and now
it's this what's going on
when in reality it's just a completely
normal thing in that the value of your
dollar
has just devalued that much that the
prices of those pc parts are now
higher anyhow guys going forward people
will say well the crypto miners are the
fault for the gpu rising prices
i actually don't believe it's the crypto
miners now in essence i just believe
it's the central banks without this
printed money
we would have never have had the crypto
miners to begin with and prices would be
absolutely fine the crypto miners and
the crypto itself
is just a symptom of central banks and
money creation
that is my feeling on that now that i've
actually researched it
in depth and educated myself a lot more
on the topic
and so going forward i would highly
recommend if you're like me converting
some of that cash into
real assets however just like last year
i did know one thing and that was it was
going to be a very
rocky road and the roller coaster is
going to have its ups and its downs
but one thing to take away from the
video is the outlook
of price increases from money creation
and that is when you start creating such
a large amount of money
it takes about six months for that money
to start flowing through
then after about two years that's when
you start seeing the prices
increase a lot and so in the next year
if we do start seeing prices rise and
they rise very quickly
then that's when you'll know that it's
too late
anyways it's always good to have a plan
just like my plan here to ask you guys
to hit that like button for us and i'll
be back in full
force but i will say just like this
question of the day here things are
going to be a bit weird when it comes to
making
especially price performance tech
videos where the price is just going to
be i feel
anything but normal now let's read this
question here from muhammad they ask
bro a 1650 for me is 700 usd
how are you getting them for 150
and i think the question needs to be
refrained
to how was i getting them for 150
that's no longer a thing i'm not getting
1650 supers now for
150. they're all out of stock and the
1660 super is now in my country
selling at brand new prices of 600
aussie dollars
so don't worry mohammed you're not the
only one that's seeing all these high
prices for gpus right now
but answer that question directly i'm
not getting him for 150 anymore
anyhow guys i'll catch you in another
tech video very soon if you've stayed
this far
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and i'll catch you in the next one peace
out for now
[Music]
you