Loading ...And the bank accounts shrinking value in the future would not happen if there was a deflationary trend in the housing or stock market or other things collapsing in price. He also mentioned how a strong dollar is good, and a falling dollar will make things cost more.
But neglected to say a falling dollar helps us export more, and makes imports more costly which is good, so we stop buying imported crap and make our own stuff cheaper at home. Home made is good. Strong dollar cheaper imports bad.
Because the whole country (like the big retail store on the planet) has been buying more than we are selling, for decades, like a store, we now have lots of inventory, and no money. So the author of the video made some very good points and nice charts, but in reality he’s just an author not up to speed on what happened why it happened when it started etc.