This is Mises Weekends with your host, Jeff Dice. Ladies and gentlemen, welcome back once again to Mises Weekends. I'm sure you all know our guest, Professor Peter Klein. He is the Careuth Chair and also the Professor, a Professor of Entrepreneurship at Baylor University in Waco, Texas. And he was just with us here in Auburn a week ago. And that's one of the reasons we asked him to join. We had what we call our Rothbard Graduate Seminar last week where some masters and PhD level students from around the world come and spend a week going through a particular great book. In this instance, it was Mises's Human Action. But Peter, from what I'm told, I wasn't in on the session itself, but I'm told that during one of the sessions, the concept of what we'd like to talk about today, NGDP targeting came up. And for those of you who aren't familiar with it, obviously we're referring to nominal GDP and targeting of the rate of growth of GDP as a monetary policy or a particular monetary phenomenon. So Peter, maybe you could just start with sort of telling us the context in which this came up and give us your basic definition of NGDP targeting. Sure, we were talking in the session with these grad students about Mises's approach to money. Of course, Mises was known internationally as a great monetary theorist even before he wrote his work on socialism and several decades before his great book, Human Action. So monetary theory is really one of Mises's earliest and most important contributions. And in the discussion period, a lot of issues about contemporary policy came up. Of course, under the kind of monetary system that we have in the U.S., where we have a government body or a quasi-government body doing manipulation of interest rates and the money supply, the question often comes up, well, we Austrians would prefer a monetary system in which the government didn't play any role in trying to establish the quantity of, set the quantity of money or influence the quantity of money, try to manipulate interest rates and so forth. But since we don't currently live in that world, we have a Fed, most countries have some kind of a central bank. What should the central bank do? And lately in some kind of free market, some libertarian circles, there's a lot of talk about alternatives to the conventional Fed policy of trying to target the interest rate within a certain range, right? We just had the, just recent meeting where they've allowed the federal funds rate to go up by a quarter point. So some monetary economists have been saying, look, instead of trying to target interest rates, what the Fed should do is try to target some measure of overall economic activity, right? In nominal terms. So we should be looking at levels of inflation. We should look at whether the price level is rising or falling and pick some level of what they call nominal gross domestic product or NGDP, which is the monetary value of all goods and services in the economy. And so the idea is that, gee, wouldn't it be nice if this nominal GDP were kind of stable? In other words, if the economy is really productive and we're producing a lot more goods and services than we did before, it'd be great if the money supply worked to fall just a little bit so that the overall level of spending on goods and services stays about the same. By contrast, if the economy were sinking into a recession, if we were becoming less productive, a lot of unemployment and so forth, it would be okay for the monetary system to increase the money supply to keep nominal GDP constant. I think it was, I think Guido Holzman was the discussion leader at that time. And some student asks, what do you prefer nominal GDP targeting or interest rate targeting? And his answer, I've forgotten exactly, he said something like, well, that's like asking me, do I prefer arsenic or death by guillotine or whatever. They're both horrible solutions. And rather than focus so much on some marginal improvement that maybe the government could make, we should think more broadly about what kind of monetary system we want and how do we move incrementally towards a true kind of free market monetary system? Well, you bring up a couple of points I'd like to touch further on. One is that this is different than interest rate targeting, which probably the most well-known example, that would be the so-called Taylor rule. That's right. That's Professor John Taylor, I guess at Stanford, who's talked about having a targeted interest rate. But it sounds to me as a layman, a layperson, that NGDP targeting is a close cousin of monetarism. Am I correct here? In other words, monetarists say, well, let's control the supply of money to sort of try to keep the demand for money fairly constant. This sounds very similar. I think you're exactly right. It is based on kind of an older form of monetarism. And in fact is embraced by a lot of mainstream economists, even Christina Romer, who was one of President Obama's chief economic advisors, has come out in favor of NGDP targeting as opposed to interest rate targeting. Of course, that's not, I'm not using that as an argument against the idea. But Jeff, what I think is more interesting to us and to our listeners and viewers is that there's some advocates of laissez-faire who have defended NGDP targeting on the grounds that it more closely approximates what they think would happen in a kind of, in a freer system, in a kind of free banking regime, where you have fiat money and banks are free to increase or decrease the money supply. Or there are mechanisms that increase and decrease the supply of fiat money, according to what's going on in the economy. And these economists, who are kind of our close cousins, have argued that, well, the Fed should try to do something that looks more like what we think would obtain in a free market system. Well, let's accept for a moment that NGDP is an accurate or useful measure of growth or recession in the economy. Beyond wanting NGDP to be positive, therefore, I mean, per se, should we care about fluctuations in GDP? I mean, should we, I'd rather have 10% than 3% growth. Right. Yeah, it's a good question. And Jeff, it relates to something else that we discussed in the Rothbard Graduate Seminar, which I'll just briefly describe. At first, it might sound like I'm talking about a different issue, but I'll show how it connects to what we're talking about now. We were talking a lot during the seminar about what in conventional economics, people usually call microeconomics and macroeconomics, so macro being business cycles, monetary theory, aggregate growth, the sorts of things we're talking about now, and microeconomics being the basic determinants of pricing, supply and demand, marginal utility theory, and so forth. One of the points that came up in the discussion, it's a point that I've emphasized in some of my own writing and speaking, is that I think in some people who are very sympathetic to the Austrian school have tended to say, well, the unique contribution of the Austrian school is on the macro side, is Austrian business cycle theory and banking theory and free banking and so forth. On basic price theory, Austrian economics, while it doesn't use math, is really the same as sort of mainstream microeconomics. What I've argued, and some of our colleagues have argued, is that no, that's really not the case that Austrian economics also has a unique and kind of underappreciated approach to markets and pricing. The way this fits into our current discussion is sort of the following way. I think that some Austrian economists or fellow travelers of the Austrian school think that the best thing for entrepreneurs, the best thing for consumers and producers as they're making their daily decisions is a world in which money is kind of neutral. In other words, money doesn't really play a role except as a means of computation, as a numerair, as they used to say. We're really interested in real factors and exchanges of real things, and we want money to play as little role in the process as possible. That's why when economists like Milton Friedman argued for a very steady graduate 2% increase in the money supply, that was because Friedman thought that output was growing on average at about 2% per year. He didn't trust the Fed to do something fancy like the Taylor rule, so he said, look, if we increase the money supply by 2% a year, that's pretty close to how the economy is growing, so the price level will stay pretty constant. And for Friedman, having a stable price level was sort of an ideal. I think the people who favor NGDP targeting have the same basic framework in mind. They think that ideally money should be neutral and having a stable price level or rather a stable level of aggregate spending makes life better for consumers and for producers. It makes things easier for investors. It's easier for entrepreneurs to do their thing. What I've argued is that, no, that's not the case at all, that a stable price level doesn't mean anything. Nobody wants a stable price level. Nobody cares about a stable price level and it's perfectly fine for money prices, for the value of money itself to fluctuate from on a day-to-day basis, the same way that the prices of shoes and tomatoes and cars and so forth fluctuate on a day-to-day basis. We don't need stable prices or neutral money. We need money and prices to be whatever they are sort of organically in a free market. Well, I want to emphasize, though, what we're talking about here is a kind of planning, right? We're talking about using macroeconomic monetary policy to try to control fluctuations in GDP. So anything that comes, you know, people use the term rules-based Fed, which would include NGDP targeting or the tail route to contrast with a discretionary Fed where the Fed governor sort of make decisions on an ad hoc basis day-to-day. It isn't any kind of rule or any kind of target, by definition, a form of centralized planning for simple things like me, anyway. You're exactly right. I mean, at some level, having a government agency that's bound by a rule sounds better. It sounds less interventionist than having a government agency empowered to do whatever it wants. But as you point out, I mean, it is a form of intervention at another level, right? Essentially, we're tasking the government for formulating and implementing some kind of a policy that imposes an artificial constraint on the market. Again, from my point of view, there's no reason that we would expect nominal gross domestic product, that we would expect total spending or desire total spending to be constant from year to year, quarter to quarter, month to month. To me, that's an artificial restriction on an economy. There's no reason why we would expect that. Again, if you look at individual industries, we certainly don't want price stability. I mean, we like the fact that the prices of computers and other tech products, you know, in real terms have fallen dramatically over the last few decades. There's absolutely nothing wrong with prices in individual sectors and indeed the prices in the economy as a whole, which is just an artificial aggregate, right? To fluctuate in all kinds of ways. And I don't see anything specifically desirable about a stable price level. Well, you know, I was just in Walmart over the weekend, I'm gonna show my age here. I saw Guns N' Roses greatest hit CD. For five bucks and it wasn't that long ago that CDs were $17.99 or whatever they were. Sure. And I'm glad that price is not so stable.  We like the sound of certainty. But it seems to me, if we go back to the crash of 2008, wouldn't they throw the rules out the window? I mean, if commercial banks were tottering and insurance companies were tottering on the verge of insolvency because of a liquidity crisis, I mean, wouldn't the Fed say, well, okay, this is an extraordinary time, no one predicted this. The rule goes out the window and we're gonna do X, Y, and Z anyway. Yeah, that's a great point, Jeff, because before 2008, I mean, the Fed was constrained, right? So almost all of the sort of extraordinary measures that the Fed took since the financial crisis are things that it was statutorily really forbidden from doing, except there was this little escape clause, right? The Fed was strictly limited according to what sorts of assets it could hold in its portfolio and so forth. But there was this little, you know, one sentence in the relevant statutes enabling and governing the federal reserve system that, well, in extraordinary circumstances, in an emergency, you can do, you know, whatever you think is prudent and appropriate. And of course, you're right in practical terms, any legislation or formal mechanism that constrains the Fed to something like the Taylor rule is gonna have an out-clause. And as we have seen in the last 10 years, that out-clause is gonna be used, you know, in any way that people see fit. So devil's advocate to challenge you and Dr. Guido-Hosman a little bit would some kind of rules-based monetary system, whether that's NGDP or inflation targeting or monetarism in the older freemanite sense of the term, would that be preferable to Janet Yellen and the FOMC doing what they do now, which is kind of holding their finger to the wind and deciding things on an ad hoc basis? Yeah, I think it's a good question. And at some level, depending on the particulars, depending on what's going on in the system at that time, we might get better outcomes with that kind of constraint. The point that Guido is making and that I'm making now is that I think we're focusing on, that's sort of asking the wrong question, right? I mean, is it better to have a Fed that is empowered to do these things as opposed to a Fed that's empowered to do these things?  There might be some circumstances under which adherence to some kind of a rule will give us less uncertainty and will further constrain the Fed, assuming it were possible from doing the kinds of things, prevent it from doing the kinds of things that's recently done. Okay, but fine. I mean, from our point of view, that's a very, very minor technical issue. It doesn't really address the fundamental problems with the monetary system. Now, some free market advocates of NGDP targeting have said, well, yes, that's true. It's not the first best option. It's a second best option, but it's a much more practical one. So instead of talking about complete laissez-faire or the gold standard or whatever you crankish people like to talk about, let's at least focus on something that mainstream people and government officials will take seriously. But again, that's kind of the catch-22, right? The old joke, if lobbying the government, for example, made any difference, they would have made it illegal by now, right? So yeah, it's true that Fed officials will listen to an argument about NGDP targeting, but my sense is from a political point of view, something like that would only ever be implemented if it really didn't make a difference. So I think people are free to work on whatever, to study whatever they want and to advocate whatever kinds of changes they want. But I personally don't think it's a great use of our kind of scarce time and intellectual effort as people who are trying to bring about monetary reform to focus on what to me seems like a gimmick. I'd rather us talk about sort of the more fundamental problems. The other thing, Jeff, too, is I think that some of our allies, some of our colleagues who favor this kind of approach, they underestimate how creative and flexible market participants can be, right? They're worried, for example, that if we don't have the money supply changing, whether it's by a free banking system of some sort or by the government, the economy is gonna run into all kinds of problems. For example, if people unexpectedly increase their demands for cash balances, if there's an increase in demand for money, then unless prices can sort of instantly and perfectly fall to match that change in purchasing power, we're gonna have unemployment, we're gonna have bankruptcies, we're gonna have dislocations. This was really the point that we talked about in our seminar about a proper Austrian understanding of how markets work. Then in fact, entrepreneurs, other market participants deal with price uncertainties all the time. Yeah, of course, it's true that prices are not perfectly flexible because people signed long-term contracts for employment. Big companies lock in prices for supplies in advance, but that's exactly something we want them to do, right? That's based on the desires and beliefs and expectations of market participants. So there's no reason that perfectly flexible prices and wages are somehow better than the imperfectly flexible ones we have in the real world and that therefore we need the banking system to adjust the supply of money, to balance changes in the demand for money to avoid dislocations. It's almost like, Jeff, the people who are worried about this and therefore favoring something like NGDP targeting, they come almost from a, there's a kind of a Keynesian set of assumptions in the background that the market economy on its own is fundamentally unstable and then it needs to be propped up and sort of rescued and fine-tuned either by a government monetary authority or by a free banking system which adjusts the money supply to accommodate the needs of the public. Murray Rothbard, by contrast, said there's never any good reason to increase the supply of money as long as there's enough money in existence to work as money, right? To constitute a medium of exchange. So we neither need the Fed, in my point of view, nor do we need the banking system to adjust the supply of money to match changes in its demands. Well, the final question, to wrap this up, elaborate a bit, Murray Rothbard in his very short and readable book, What Has Government Done to Our Money Has, to me anyway, a very famous paragraph where he says, it doesn't really matter what the supply of money is. Prices will adjust. I mean, just elaborate briefly on what he meant. Yeah, that's this point that, you know, we need a commodity like gold or silver or maybe seashells and Polynesia or tobacco in Virginia, whatever it might be to have certain properties to be useful as money, right? It has to be durable. It doesn't, you know, melt in your pocket. It has to be easily divisible so that you can use it to make different kinds of exchanges. You want it to have a high ratio of value to weight and bulk so you can easily transport it and safely store it and so forth. But Rothbard argued that, you know, once society has chosen some kind of a commodity like this to serve in the money role, historically, gold and silver have been the commodities that societies have chosen. There's no social advantage whatsoever to having more money, right? I mean, of course, the supply of a commodity money is going to change if it's tobacco, you know, it's going to change as it's grown and used up. Even gold and silver is mined and some of it deteriorates, some of it gets lost and so forth. But Rothbard argued contrary to almost every other mainstream economist at that time and now, that really any supply of money is fine as long as there's enough of it and it has these properties we're discussing to satisfy as money. With an increase in the supply of money, you get the kinds of problems that Austrian economists sometimes worry about, especially if it's a government agency trying to increase the supply of money. You get these problems that generate sort of the Austrian business cycle. So we ought to let the market choose a commodity to be money and then let the supply of that money be moderated by the normal market factors of supply and demand. There's nothing else that, you know, there's no benefit to trying to fix that or stabilize it or add to it. That was Rothbard's point. And I think you're right, it's kind of controversial. But if you think it through carefully using the kind of theorizing that Rothbard is using, I think it makes pretty good sense. Here I was thinking it wasn't controversial. But with that ladies and gentlemen, if you haven't read what has government done to our money, you need to do so. It's available at Mises.org in both, I think PDF and HTML format, less than 100 pages, easy read. Dr. Peter Klein, I want to thank you for your time and for your thoughts on how not to reform the Fed. And with that, ladies and gentlemen, have a great weekend. 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How do you say subscribe to the YouTube channel? Abordnatevi. Sochkanale. See, what are you going to tell me? Keep supporting Maya. In the same corner as me, I never planned this though.  I need to put it down again. You know, my sister decided to dress me today. This is from Dukes Fashion. Check out the link in the description. The whole Ghana area. He's the biggest chocha influencer ever. Calli Jane. What inspired you to do what you do? The love of it. The fact that I have the influence to bring change to people's lives. And the money. And the money! Thank you. Yeah, congratulations. My congratulations. My congratulations. I got himself man. So, my grandfather. Yo, who is your grandfather? Yo, yo, yo, yo, yo. You remember what the Maya did to you? From Sunyani to Akra. God bless you. I'm not a baby. I've been away for so long and I know that you all have missed me but let me tell you something. I'm back. Bigger and better. You all are wondering why I left you guys. I need to apologize. I'm so sorry. I'm a man of consistency. So leaving you all anytime that I wake up in the morning I feel so worried knowing that I've not uploaded a video. You know what kept me busy? Not truly. But this new baby right behind me. This is my new baby. Welcome to my new one million dollar home in Ghana. Saying that finally whatever I became a millionaire. I'm sorry, yeah. I don't even have ten dollars in my bank account. But let me tell you something. I've always wanted to make an impact both on the internet and in the real life. I'm not here because I want to be famous. I'm not here to become super rich but I always want to have impact in people's life. Let me tell you what happened. Before I reached a million I told myself that when I hit a million this is what I want to do to give back to the society because when I started my YouTube channel I never had fun to shoot videos with. I never had computer to edit my videos with. So when I got to this stage of hitting a million I felt like there are so many people out there who wants to be vloggers. Who want to be content creators right? But they don't have the materials to become the content creator that they want to be. So I decided to partner with star properties to give me this million dollar house that you see behind here. So this house is not where I'm going to stay but it's a place where everything is converted into a creative hub where people can come in here come with the idea the studio is going to be there come shoot your video. So if you have an idea of becoming a content creator and you don't have a camera you don't have a laptop to edit this house is for you. The million dollar house is for you and you know what I'm going to do? I'm just going to take you guys around. I need to show you around my own house. What do you think? Let's go. So this is the house and I just want you all to come in with me. But I just want to tell you guys something when we partnered with Silverstar I never knew they also have a sister company and the sister company is Japan Motors and they said they love the work that I do and they want to see me travel in all destinations in Ghana so they decided to support the work that I do with Nizan Navara but come closer I think we went to the water region and we went to the Nizan Navara but let me tell you since we are here we have to get the marketing manager of Star Property to tell us why they decided to give us this house. Thank you bro. Good to see you man. Good to see you. Tell us about Star Properties. Star Properties is the luxury and clean at Lakeside City. So here we decided to do the very high end homes for people who don't want houses that are built already designed I don't like the color, I don't like the look and shape you want to do your specific budget to your taste, to your cost your own budget and preference that's what the plan is and we are trying to do. So the land is available? Yes the land is available custom plots but the two guys can build your custom plots everything is customized already. So you have the opportunity to build your dream home around my million dollar house Is that what your friends say? Million dollar house for the million dollar house Congrats bro, congrats. I really love that so do me a favor contact Viglo, I just want to ask you if they come let them know that they're going to be treated very well. No they'll be treated well so what they get is that any of the companies in the car money group they get a good deal Dapamoto, Silverstar Auto Silverstar Tower, Lakeside Advanced Construction The house will be built by Advanced Construction They will have a great time. You definitely have a great time man Do you like this car?  Have you liked the video yet? Sorry, come inside I think I got a small house for creatives I had to invite all creatives all social media handles these are all youtubers one of the twittering voices man they are out there come and say hello man come come bring the car over there what? this guy is TikTok where did you come from? let me introduce my team I will be with you all soon no no don't go the fire is here it's a five bedroom house if you are a content creator let's take it as if you are a food content creator a food drawer this kitchen is right here for you don't come with your camera don't come here with your laptop just come with the ingredients that you are coming to cook give the kitchen the way it is thank you let me take you guys up man this is where everything starts meet my one and only annoying personal assistant Tutilaio I am Tuti and as you said I am Maya's assistant we started working together like a year ago and ever since then it's been good and I am really excited about today bringing content creators together at the hub and this is Maya's official translator hi Elisabeth I am from Gabon so let me switch to French to all the fans who are Maya who have stopped asking for a context in French I am here for you I will translate all your videos go guys follow Maya I didn't understand anything though so essentially when you come to the hub I mean the first person you meet is me before I would allow you to meet Maya that's normal protocol so before you come to the hub you would have got in touch with me obviously to book the space the general everything about this house I schedule a time and date for you and then from there you can create whatever content you want to be and if she says book it's free free booking because we are trying to make sure that everybody gets in touch with us it's not only about booking it's about Maya right now you can call us you can send us a message on WhatsApp and T2 will respond don't call my phone because I won't pick up you are allowed to call the office line at any time and thanks to Aigu's Ghana for sponsoring our phones and I appreciate you brother you know what you also check out Aigu's Ghana buy all your phone accessories and trust me it's going to give you a good deal the shooting work and everything studio so meet my number one writer she's going to be writing all the stories that you all need to read so check out the website what's her name by the way my name is Sam Lijude Theatre from which country? Amaganiya don't know why she's Togoliz here we're trying to have that Pan-African lifestyle in here so TT my page from Nigeria she's from Gabon don't worry she's from Ghana she's from the border and the guy who put this whole studio together is I'm near and you guys you know me by now always following my heart always following my heart that's not true man I'm the one chasing him because when I had this idea I told you that you have to do this energy money and everything to make sure that this place came into existence but I want to give a big shout out to I Am Freedom shout out for giving us the first token to start the whole studio and I also want to tell you something we still need support because this is a place where anyone can walk in and come shoot a video so help me make people's dreams come true what do we need we need equipment one camera is not enough we need more machines here so I am requesting for iMac if you can buy us an iMac please do so call TT send me some to TT and make that dream come true or even if you can donate I'm going to put some links there so that you can donate so that we can fill this place that in a way that you come here and you see 10 people at a time and sit down feel free consistency is everything for the mind and I want to tell you something if you have subscribed to the channel turn on your post notification because as you see in this video every single day you're going to have a video 8pm GMT turn on your post notification subscribe so we employed one people now so every single day we're going to give a video and every Sunday I'm going to sit in here and talk to entrepreneurs or successful people for a very long conversation it could be an hour hi I love my whole crew man let's go but yo I forgot to tell you that Ne Yemo has a youtube channel for youtubers called Ne Yemo and you also have a channel with your wife come on tell yourself girl okay so I have a channel called Ne Yemo it should be on your screen right now yes I talk 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you can create content you can even use my bedroom to create content if you want to because I'm not gonna stay here I'm just gonna come here when we are shooting let me take you downstairs thank you dizzy you know since I represent Ghana for olympics I need to have a swimming pool in the house here so if you're a swimmer and you want to create content right in here it's free yeah just please make sure you don't drown because I'm not gonna save you even though I have Olympic gold medal but I can still save you yeah so all this place you can create content you still here waiting for me here so we got garden that you're gonna create content if you want to do like kind of sit down with a tree behind you it's also okay do you want me to take you everywhere can you open that place for me walking and talking just like what a Maya so this will be my perfect place to create that perfect vlog and I just want to say a big shout out to star property for making this dream come true this year is the year of charity and charity begins at home that's why we decided to offer this whole house to make people's dream come true don't you think we deserve some shares on this video and we need to give a round of applause for star properties if you want to buy one of this land so that you will build your house beside what a Maya's house the numbers will be on the screen call him and tell him that what a Maya told me that it's by force to buy land from you and this whole house is powered by solar we are actually leaving off grid so everything in here I mean what do I say everything here is off grid what else do I need to tell you now I think I've showed you around you've seen it it's time for me to go have a conversation with the content creators that are here and also today is the day that I'm going to open my one million YouTube blog but it's going to be after this video so make sure you turn on your post notification because we are uploading video every single day to the year end thank you bye


Doing this will get you into trouble with a narcissist. Doing this around a narcissist will cause problems or difficulties for you. It will cause inconveniences. It will make it very difficult for you to progress in life because the narcissist will always be 10 steps ahead of you. You need to be cautious around the narcissist. You need to be careful to avoid potential problems or dangers. It doesn't mean that you should panic or be afraid. A cautious action is careful, well considered and sometimes slow or uncertain. You need to stop revealing your emotions to the narcissist. You need to stop expressing how you feel. They want to have an accurate and deep understanding of how you are feeling and what you are thinking. It tells them what is going on in your mind. It tells them how to affect you when you get emotional around a narcissist. When you get anxious or stressed out you are revealing your plans, intentions and ideas to someone who does not have your best interest in mind. It's telling them what you are focused on. It's telling them where your attention, interest or activity is directed towards. It's telling them what's getting to you. What's causing you to experience negative emotions. It allows them to stay 10 steps ahead of you. It allows them to be more prepared, skilled and successful than you are because they are able to outmanoeuvre or outpace you and they can then plan or coordinate the elements of a situation to put obstacles before you. Problems or difficulties that you are going to run into. Inconveniences. When you run into these obstacles it makes you wonder why things keep going wrong but the reason why things keep going wrong when you are around them is because you are giving them facts and information often without even realising.   Your emotions reveal a lot of information to the narcissist. They don't even need to know exactly what is going on in your situation. They just need to know how it affects you emotionally. It allows them to discover what is important or meaningful to you without directly asking you. They are just listening to whatever you are talking about. Whatever is on your mind the most you need to stop sharing your emotions with the narcissist because they will use that to set up emotional triggers which will then cause problems or difficulties for you. When you reveal your emotions to the narcissist you are giving them the ability to control you. You are giving them the ability to control your actions and movements. They will start to learn how you are going to react and they can then use this to get you to do what they want. They can use it to divert your attention from something and they can use it to cause you to lose confidence or enthusiasm in something. It will look like it isn't connected to them because they know how to set up these emotional triggers in secret or underhanded ways. They know how to get you to react to them emotionally. It creates a pattern of behavior where you are then revealing everything that is going on in your mind. Everything that bothers you. Any plans, intentions or ideas that you may have it gives them the ability to predict what you are going to do next. They know what you are going to do before you even do it because they have spent a lot of time studying you but you never had any awareness of this. You were never paying attention to what they were doing because you never expected that someone who was supposed to be on your side would then use all of this to cause problems and difficulties for you. You never would have expected them to do something like that but that is exactly what they have been doing and that is why you should not express your emotions to the narcissist. You should not tell them what is bothering you because they will use it against you. They might not use it straight away. It takes time for them to study you and they may be waiting for the right moment but once they know how it affects you and how you are going to react to it they will be planning to use it. You need to stop revealing your emotions to the narcissist. You need to stop giving them all of this information. When you are dealing with a narcissist you have to create your own false self. It is not about being dishonest or insincere. It is about protecting yourself from someone who isn't being honest with you. They are displaying that they are against you and they don't have your best interest in mind so you cannot be fair with them because then you are just leaving yourself vulnerable. You are exposing yourself to the possibility of being attacked or harmed whether physically or emotionally because they will exploit you. They will take advantage of any opportunity they get. They see your fairness and kindness as a weakness. They don't see it as something to be respected or reciprocated. They see it as something that they are going to take advantage of. Be wary of anyone who wants you to confide in them all the time. Anyone who always wants you to reveal private information to them. Anyone who wants you to tell them your secret feelings and things that worry you. Keep your plans, intentions and ideas to yourself. Start operating in stealth mode because these types of people are always looking for a way to bring you down. They are always trying to find a way to exploit you. They don't want to see you being in good emotional health. They don't want to see you being progressive or productive. They have to keep you down. They have to maintain influence and authority over you. They have to keep you in subjection and hardship because that then puts you in low spirits from hopelessness or discourage and it makes you more willing to comply and accept their suggestions or advice. That's why they have to keep kicking you down. They have to keep questioning what you're doing. They have to keep pressurizing you so you don't have the time or energy to make your own decisions. It's all planned and calculated. It is done intentionally and with full awareness of the potential consequences and the effects that it will have on you. It becomes a form of entertainment to them when they prevent your action, development or expression of a feeling or idea. It provides them with amusement and enjoyment. Of course, not everyone is like that. Not everyone is involved in some sick game where they are out to get you. But you need to be aware of the signs. They may be able to hide behind their words or actions but it's their energy that always gives them away. Pay attention to the energy behind their words or actions. It always reveals their true intentions or motives. Trust your intuition. You will be able to feel it when someone is not being real or genuine but the more time you spend around them the more normal it becomes. It no longer seems as shocking or distressing as it did the first time and this then gives them the ability to influence and control you through whatever illusion they are portraying to you. If you feel like someone is not being real or genuine don't ignore it. Don't ignore it if you feel like someone is trying to captivate or exploit you. Pay attention to the red flags. Don't overlook them. Listen to yourself. Confide in yourself. Tell yourself how you feel. Instead of telling someone who is only going to use your emotions against you thank you for watching. I hope this video resonates with you. Please like, comment, share and subscribe. Click the bell icon to receive notifications for my future videos. If you would like to donate my PayPal link is in the video description. Coaching and inquiries can email me at askforvercoaching.com Thank you for watching and I'll talk to you soon.


Hey guys, it's MJ the student actually and I want to show you quickly how you can save a variable So I've got this little poker game that I've made and I'm going to be showing some videos on how I did it But what I want to show in this video is how to save the amount of tokens that you have Because very important that if someone had to say leave the app that they can come back And you know, they still have the same amount of tokens So to do this on Android first thing you need to do is you need to write this line of code Public static final string prefs name equals my press file So what you're doing here is you're creating a file on which to save things Then what you want to do is you want to go where you have the the protected void on create bundle save instance state So you want to get into this method here and you want to create something known as a shared preference and You can see I'm saving four variables one of them is the tokens and then the other three are used for people to bike by tokens But yeah, we just need to go through the first one and you want to write this line of code shared preference settings equals get shared preference and then you're gonna be referencing that press name and The very first slot that you're gonna be using. Okay, so that's for settings there What I also like to do is I like to call up. So when the game starts it's saying, okay, let's set the coins According to what is saved in this file So this as soon as the person uploads the app, they're saying, okay, I have this amount of tokens So we also want to state that in the on create method for your app You might do it a little bit differently But that's where I've put it and then you can see I'm setting the text view to show me how many coins I have But now let's say somebody comes in they buys by some coins I want that the amount of coins to be saved So don't worry about the method that I've got those saved in But what it's happening is let's say the person puts in a credit code I say, okay, their coins increases by 500 I now need to save that the coins have increased by 500 So I'm gonna go shared preference settings equals get shared preference pref name just like how I did before I'm gonna say shared preference dot editor Equal settings dot edit then I'm gonna put the coins Into the editor and then I'm gonna click this thing called commit You can see my Android studio is telling me to rather apply it and then you know just hold on to it But I actually want to commit that value so that if the app ever crashes in the state the person has got their 500 tokens which they have purchased and That's basically it. So this is the code that you want to do to save the information Remember right at the top This is the information that you want to use to create the storage and then this is something that you'll use to Recall the storage and remember just to create your storage At the top here and there we go That's how you use shared preferences in Android studio to save Variables for your app that you can then use at a later stage if your app closes Like I said, my app is called smart poker There will be a link in the description below feel free to download it and have some fun with it Thanks guys so much for watching and subscribe because I'm gonna be posting quite a few Programming videos. Cheers