Has the cost of HiFi gotten a bit too much?

I dont understand your post....Your claim is so general it means nothing

I’m glad that has been clarified.  

When linking to something, copy the URL link (the address, www.conspiracycentral.com, for example) from your browser, then highlight some words in the body of your text, click on the thing that looks like a paperclip in the menu, and paste the URL link into the appropriate spot..

Its better than magic, true!

@andy2 I think the root cause is the FED has been printing money. I mean look at their balance sheet...

I am not sure how the FED going to unwind their 8 trillion dollar balance sheet. Is it even possible? What if we going to have a crisis tomorrow, what are they going to do? Just adding more to the existing 8 trillion? This inflationary condition is not going to be "transitory". What if it’s here to stay.

Yes. Except that it is now pushing 9 trillion dollars and rising (see chart - opens a bit slowly, then use pointer) and the Fed is clueless about what to do.

The *rate* of increase may slow, eventually reach a plateau, as has been anticipated for quite some time. Just guessing.. But as to a decrease, the implications of doing so are scary. The Elites won’t let that happen in a hurry.

Mr Powell is indeed a clever man, being a lawyer by trade, and a member of the establishment Elite.

Add all this liquidity sloshing around the world, negative real interest rates but nominal rates rising, with supply chain constraints, inflation genie out of the bottle, massive budget debt and ongoing deficits, geopolitical tensions, and other structural issues, and stick on When the Levee Breaks. Like in the closing credits to the film The Big Short.

 controlled propaganda from different parties and players...

then this

Noam Chomsky once quipped that if the Nuremberg laws and regs applied.. each and every president since then, would be hung by the neck until dead, for the crimes of genocide

WTF, to diminish and dilute the evil that was the Holocaust in a "quip".  

So off topic that it beggars belief, but I'm glad the opportunity exists for the David Irving apologists to display their true colors for all to witness.

The media is perhaps responsible for this "print money" thing. It has been noted here that central banks do not actually "print" the currency you have. Each country has their own physical issuer of notes and coin. I think that it is the Treasury in America, which may contract the function out to a specialized outfit. Whatever, I dunno.

Central banks control (in theory, via a few methods) the money supply. Cash and coins are a very small fraction of the money supply, perhaps a single digit percentage of the total. Like anyone, I’d have to look it up (possibly on the Fed page somewhere I referenced previously, for America), and its included in what is known as the M1 part of the money supply.

@mahgister The youtube link featuring Geoffrey Bloom is a good example of why a little bit of knowledge is dangerous. Fractional reserve banking is a given and serves society exceptionally well, but it is not criminal.

In many Western countries central banks are not part of the political system - they are deliberately independent. When politicians or their advisors of any political persuasion seek to meddle, they get a Will Smith slap.

Donald Trump attempted to in his early days of Presidency, and more recently Janet Yellen as head honcho of Treasury - her comments were swiftly deleted from the record.

Quantitative easing is was often called unconventional policy, but it is not counterfeiting nor is it criminal. It is central banks buying bonds in the open market.

Central banks charters specifically direct them to manage interest rates through a variety of methods - it is not manipulation, although I can understand why some may draw that conclusion. It is rare that a central bank anticipates - they normally follow what has already happened in the economy.

Certain individuals in the retail banking sector did manipulate LIBOR, and that was criminal and they knew it. To extrapolate that conduct to those tasked with setting interest rates is incorrect.

Moral hazard is a real issue as was demonstrated in the global financial crisis, but it has more to do not with retail guarantees (he was confusing different issues) but with the private institutional bankers knowing that they will be bailed out with a slap should things go awry, or if not, jail is only a very remote possibility.   This was a combination of government policy and what was known as the "Greenspan put" in a more general macro sense.  That may be googled.

And he begins with "you do not understand the concept of banking" - what follows is a fine example of an embarrassing non sequitur.

@mahgister When fractional reserve banking was rational and not influenced by financial powers behind banking activity ...And there is many type of fractional banking of money, for example one backed by gold, one backed by energy, one backed by nothing .... blind  irrationality of a fractional money concept back by the wind...

I speak only of the fractional reserve banking currently practiced by retail banks which are subject to independent and prudent financial regulations. Even in China.

That this not understood and is embellished is a deliberate attempt to go in circles. Small steps..