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Originally Posted by Yoho
The guy works in finance, I absolutely think numbers are being under reported.
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OK. He either doesn't understand how compounding works or he's a grifter who doesn't believe what he's saying and is just trying to drive views to his channel. I'm assuming the latter.
If the inflation stats he was providing were correct, prices would have risen by about 40-50x since the early '80s and about 8-9x in the last 20 years. No one actually believes that, other than the rubes that these people try to rile up so they can part them from their money (though that guy doesn't seem particularly successful in that regard, as he has a grand total of 2 patrons on Patreon).
Like I said, you can't lie about compounding math over a long period of time. The end result of even small discrepancies (say 5% inflation vs. 3% inflation) over several decades is significant and unmistakable. And this guy is claiming "real" inflation was 5-10% higher than reported every year.
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Hard to argue the currency devaluation which was the purpose of the video.
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The CAD is down 5% against the USD in the last 5 years and has been basically flat for 8 years.
And again, currency devaluation is largely solved through higher interest rates. Would it really be a good idea for Canada to drive rates higher than necessary, raise everyone's costs, and potentially engineer a needless recession just to keep US imports a few percent cheaper?