8 Months of Stimulus Just Unraveled

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  • Be one of the first 1,000 & claim your free trial of Skillshare Premium right now! 👉 skl.sh/economicsexplained06211 Watch my new course on Skillshare! *How Not To Suck At Speaking Aussie! (Part 1)* ⬇️ www.skillshare.com/classes/How-Not-To-Suck-At-Speaking-Aussie-Part-1/1324222190

    Economics ExplainedEconomics Explained15 күн мурун
    • This is honest bullshit we havent needed to worry about inflation since we moved from the gold standard. we needed more money to stimulate the economy its like a lake and money is water. if water doesn't flow the lake dies, than the fish of the lake. before we had this pandemic over half of america lived pay check to pay check. than we got a measly 3400 when most were out of work for 6 months that doesnt cover 3 months of rent in most states. hence why the rich are using their extra money they stole from under payed and not paid workers to fly to space. How about Jeff and the 2 other Billionaires carpool to space and donate the rest, never. Tax Jeff Bezos 50% and we wouldnt need to worry about the economy ever again. and thats not even mentioning the other companies that pay zero by tax loop holes. Like walmart gets tax breaks for keeping employees on foodstamps by underpaying them than gets tax breaks because employees spend it there, dont forget we are footing the bill on all of that and, Remember the greatest boom we had in the economy was during the golden age of economics when the lowest tax rate on anything over 1.5 million a year was taxed about 45%

      Jason RugglesJason Ruggles7 күн мурун
    • What do you think will happen? Will inflation push the Fed to raise rates within the next 2 years, Or will the Fed keep rates low for a longer period of time?

      Anthonyq ColosimoAnthonyq Colosimo9 күн мурун
    • @Benjamin Chen Because this dude doesn't know what he's talking about and gets dunked on over at r/badeconomics. There's a reason he makes KGfilm vids and not academic papers

      name isn't davename isn't dave10 күн мурун
    • This dude doesn't know what he's talking about and get dunked on over at r/badeconomics. There's a reason he makes KGfilm vids and not academic papers

      name isn't davename isn't dave10 күн мурун
    • @Ron Cicotte It may surprise you to know that wealth is not spending, it is utterly different, and mostly done by the wealthy.

      Mark HackettMark Hackett10 күн мурун
  • You say the money supply won't decrease, but I thought that was the whole point of the massive spike in reverse repos - to reduce the money supply, right?

    William SennewayWilliam Senneway5 саат мурун
  • IF it is accurateour government has indeed spent more money on the pandemic/recovery than both World Wars combined (adjusted for inflation), I dont even know where to begin...

    Christopher MChristopher MКүн мурун
  • This was a waste of my time

    Paul ShoreyPaul ShoreyКүн мурун
  • Whe are all F.I.Q.'ed.

    MikaelMikaelКүн мурун
  • Buy Bitcoin, save yourself.

    Igor SIgor SКүн мурун
  • The federal reserve needs to slowly and discreetly take cash out of circulation whenever COVID starts leaving the headlines.

    Michael ArenaMichael ArenaКүн мурун
  • You missed something, and its big. I think you assumed there is a statistical average of people holding cash. That isnt the case, at least in america. Most people are making less now than they were before the pandemic, if at all. The vast majority of the money made in the pandemic went to the 1%. So who is sitting on the money and slowing down the velocity? The 1%. See the problem?

    Kyle LeahyKyle LeahyКүн мурун
  • Reading about people grabbing multi-figures monthly as income in investments even in this crazy market, any tips and pointers on how to make substantial progress in earning? would be appreciated

    Donna S. CrosbyDonna S. CrosbyКүн мурун
    • Started with this guru , with £1400 i made up to £5230 in just 2 weeks of trad'π with her, her patterns are mind blowing

      Felix WilliamFelix WilliamКүн мурун
    • @Makissera Fimidis A friend that I referred to her just received $11,050 profit after 12days days of investing.... I became jealous lol, i was a bit skeptical starting high😤

      Jenifer GrantJenifer GrantКүн мурун
    • When people have the signal and the confirmation of the bull market " whenever it is " as you say , their portfolio will be already 70 % at the best ! People and traders should be try to be ahead from the market or at least react fast . Because all the indicators "rsi-macd-Ema-... " Are lagging indicators ! So why tell someone to hold all the way from 65-32 , when he could double his position by selling and buying back .And wait for confirmations in any direction ... Words like HODL and Diamond 💍 hands are just for inexperienced people that they think that there is no other direction other than the moon . If you ever need an experienced tradr that will show accurate TA then I will sujgest TE LE GRAM > [ Jjdonna ] < . I trade on a better exchange with lesser fees, happy to say I’m able to do that with her, Julian. N Forex trdes making multi figures.

      Makissera FimidisMakissera FimidisКүн мурун
  • The reverse repo operations are more about a collateral shortage than too much cash. Banks need short term paper with some interest to be able to pay out interest in their own clients. Also, the federal reserve prints assets for liability swaps with primary dealers. Only congress has the ability to "print" money through spending, but even then, much of that is funded through thr issuance of new debt. This guy doesn't know what he's talking about. Check out Jeff Snider and Steven van Metre if you actually want to understand the reverse repo crisis.

    Drew CietekDrew CietekКүн мурун
  • Futuaaaaaaaah Mataaaaaaaah Impostaaaaah Cultuaaaaaah Remembaaah Similaaaaaah

    Star ScreamStar Scream2 күн мурун
  • the balloon was a very good way of explaining it

    Lucas MontgomeryLucas Montgomery2 күн мурун
  • One glaring problem I see that you forgot a factor that could change the balance of the economy, and that is "Product Availability" -- this can have the biggest impact on inflation either positively or negatively. If Product Availability matches money supply we won't see much inflation, but if there is a miss match either deflation or inflation will occur.

    Opal DragonOpal Dragon2 күн мурун
  • Ee: 50% inflation in 2 years -->devastating 50% inflation over 20 years -->Perfectly fine Me: Argentine with at least 20% inflation by year in the last 10 years and at least 40% inflation in the last 4 years. 🥲

    Juan Cruz MarquesJuan Cruz Marques2 күн мурун
  • Are you saying a 50% increase in the velocity of money will necessarily lead to a 33% reduction (hypothetically) of money supply OR an increase in inflation or is that AND an increase in inflation?

    reubenvbreubenvb2 күн мурун
  • Where is my pile of Money?

    Siddharth JoshiSiddharth Joshi2 күн мурун
  • Czech economy explained

    Martin RehákMartin Rehák3 күн мурун
  • so many annoying sound effects at the start. why.

    Justin _Justin _3 күн мурун
  • RRP hit 1 trilly yesterday, very scary

    TamurenTamuren3 күн мурун
  • In Argentina, everyone born after the year 2002 haven't lived one single day of their lives without inflation. I don't think a modern hyperinflation is possible in the US or the world, if it haven't happened in Argentina yet having the Central Bank sitting on a debt equivalent to twice the monetary base I don't believe the US will have a rough patch. This doesn't mean there won't be any consequences for money emission, the dollar will probably fall and there will be a surge in average prices in the US, but eventually things will go back to "normal".

    ilFausilFaus3 күн мурун
  • What i don't understand is: Why do they give away the money they printed? Wouldn't it be smarter to buy assets with the newly created money to boost the economy and, in case inflation happens latter, they can sell this assets again and "destroy" the previously created money. Isn't that how most central banks do it?

    ggzh a Argue With Everyoneggzh a Argue With Everyone3 күн мурун
  • Repo agreements are like pawning stuff, but corporate.

    Herp DerpingsonHerp Derpingson3 күн мурун
  • Why not just implement a resource-based economy than creating all this complications? Anyone?

    Tinsae TsegayeTinsae Tsegaye3 күн мурун
  • Delete the dutch video

    YanickYanick3 күн мурун
  • Economists on the internet. Tell this loudly to all the keyboard warriors in the comment section

    Mishaal MohammedMishaal Mohammed3 күн мурун
  • So.. From what i've gathered here is that even rich people have pawn shops.

    Pat CollinsPat Collins3 күн мурун
  • dont trust economists, or people on the internet... least of all economists on the internet.

    DNBDNB3 күн мурун
  • As soon as you brought up money velocity I stopped watching. Another Keynesian, Monetarist/Fisher excuse hidden by "scientific math" and "empirical rigour" justifications. Theory and how the data is gathered is more important than "math". Money velocity is a residual, it is impossible to measure. Garbage in, garbage out.

    Shawn PageShawn Page3 күн мурун
  • That’s the dumbest course I’ve ever heard of in my entire life !!!!! Sad grab for money !!!!

    Nicole RoseNicole Rose4 күн мурун
  • New High Score Today!!! 1,039,394B!! 1 trillion buckeroos!!!

    MilkyMilky4 күн мурун
  • Let’s just hire more MBA’s. That fixes everything.

    Jeff DoeJeff Doe4 күн мурун
  • God giveth and God takes away

    Jeff DoeJeff Doe4 күн мурун
  • If credit cards use is down can't banks just lower interest rates on them to make them more appealing?

    Aaron LevensteinAaron Levenstein4 күн мурун
  • I think you are extremely wrong I don't think the average consumer has in your own words piles of cash I think most people are unfortunately broke but you don't take that into effect

    bachelor lifestylebachelor lifestyle4 күн мурун
  • You can only rob the ants to keep the grasshoppers in the style to which they've become accustomed for so long. After a certain point the ants find ways to dig in or they die and the system collapses even harder.

    Bob RiemersmaBob Riemersma4 күн мурун
  • I mean what if we reduce the money supply by taking it from billionaires and destroying it? Then it doesn't have to be recirculated and the money everyone else saved is more valuable. We could just let them go to space and never let them come back, meanwhile destroying all of their money and making everybody else in America that much wealthier

    Kevin RoscomKevin Roscom4 күн мурун
  • I subbed after this. Good explanations and illustrations.

    nonshatter7nonshatter74 күн мурун
  • Eventhough my university degree was not economics I enjoyed it. Thanks a lot

    Enayat REnayat R4 күн мурун
  • 50% inflation in a year?! Prices of all goods and services will increase by 50%?! If that is what you are proposing then that is F'n hilarious and this video is pure entertainment. I do like your videos, but 50% inflation in a year is nonsense.

    Foggy ShoresFoggy Shores4 күн мурун
    • @Csaba Szasz, haha you think our economy is comparable to Argentina? Get out of here, haha 😂

      Foggy ShoresFoggy Shores2 күн мурун
    • Argentine would like to have a word with you..

      Csaba SzaszCsaba Szasz2 күн мурун
  • Thanks for the video mate, I'll slip an extra shrimp on the barbie for you.

    michaelrose93michaelrose934 күн мурун
  • By jeez, by jingo, by krikey, you may be right mate!

    Me HereMe Here4 күн мурун
  • I suspect the doom and gloom economists are wrong, they saw 4% annual inflation after 0% annual inflation last year, and not being able to think about more than 1 quarter at a time, 1 fiscal year if they've eaten a healthy breakfast with plenty of fresh cocaine, and they freaked out. The problem is that doom and gloom economists are in charge of the economy, and tend to make self-fulfilling prophesies, and they get golden parachutes while regular people suffer.

    ArgenArgen4 күн мурун
  • I don’t get any of this. Maybe my eyes glazed over lol

    Josh PeckJosh Peck4 күн мурун
  • thanks, really really helpful .....

    john tuckerjohn tucker5 күн мурун
  • Assume they will make it worse. Govt is fantastic at making it worse.

    Matt BranhamMatt Branham5 күн мурун
  • Feds are gonna have to whip out the negative rates

    Weeb DestroyahWeeb Destroyah5 күн мурун
  • Let's not forget what happened in Japan when this happened to them

    Weeb DestroyahWeeb Destroyah5 күн мурун
  • KGfilm recommends this video after almost every video I watch. It's almost like they really want to pound something into my head. I watched this ages ago.

    Adam HixonAdam Hixon5 күн мурун
  • Money lending used to be outlawed, until a certain group of people managed to gain enough influence to change that, and civilization has never recovered.

    AkuTenshiiZeroAkuTenshiiZero5 күн мурун
  • People under 28 are certainly *mentally* unable to cope with inflation and necessarily higher interest rates, because they've never lived with them before.

    Mario MackerelwainMario Mackerelwain5 күн мурун
  • The reward for getting vaxxed is you are now going to be evicted.

    quartytypoquartytypo5 күн мурун
  • Be Afraid , Be VERY AFRAID

    Brian HackerBrian Hacker5 күн мурун
  • Only KGfilm economists and Fox News cranks could turn improving consumer spending and rising real GDP into a scary DOOMSDAY scenario

    Jeremy CJeremy C5 күн мурун
  • Infation rate?

    Matthias GörgensMatthias Görgens5 күн мурун
    • 2.4%

      Poke fun at idiotsPoke fun at idiots5 күн мурун
  • I think it's interesting that everyone assumes that if there is runaway inflation then naturally they will make that % more in wages. Also that their fixed mortgage will be a huge hedge against it. Lets consider a thought exsorsize. You have your nice $1,000/m mortgage payment on your 200k house (sake of argument) making $25/hr wage. Inflation skyrockets to 50%/year. Well that means the price of everything goes up 50% , except of course your cherry fixed rate mortgage. But wait .... your employer didn't see fit to give you a 50% raise. Now everything you have to spend money on went up 50% , but your income didn't raise to match it. You are effectively poorer. Maybe even can't afford after ya know ... eating food , gas etc to pay that mortgage. Or worse , your employer having been forced to raise prices due to input costs skyrocketing is suddenly not selling as many widgets as they used to forcing them to lay people off.... maybe even you. Point is , there are no winners in a runaway inflation environment. It's a fundamental breakdown of a fiat money system. So what is more likely to happen is the Fed will act to prevent that runaway inflation by skyrocketing interest rates. We are a debt serviced economy, guess what happens when people / businesses can't afford to get loans. The economy grinds to a halt, which is part of the point. That causes a major recession / depression which brings inflation back under control. Those who had fixed rate mortgages say "ya! my rate is so much better then the prevailing 15% interest rate" , but wait .... the house values collapse because suddenly no one can afford to buy houses at 15% without a massive price collapse. All that equity you had in your house evaporates and your suddenly underwater. Your net worth just took a nose dive. It's 2009 all over again for a different and worse reason. Now your paying twice as much with your fixed rate loan effectively then your house is worth even with your cherry interest rate. You can't unload the house because thats a short sell, and without some tax grace luv from the government that would be counted as income which in the deflated environment would be even harder to pay back the IRS. Again , there is no happy ending for anyone if the fiat money system goes off the rails. To think your fixed rate mortgage is a hedge against inflation is to ignore the very real negatives of both a runaway inflation environment and the flip side of the Fed acting to prevent it. Everyone better just pray Papa Powell is right about this 'average inflation target' strategy , and a year from now we are still happily humming along at near 2-3% inflation.

    Richard EveringhamRichard Everingham5 күн мурун
  • Considering how y'all consider all aspect and factors that most of people forgot to add or include with their research and stuffs, I would rather listen to a guy in KGfilm talking about Economic things than a university lectures, ofc there might be some that university would explain that could make it more easier to understand

    Enigma chanEnigma chan5 күн мурун
  • I’m betting against hyper inflation for the USA and U.K. the markets look deflationary.

    LudwigLudwig5 күн мурун
  • Very well reported. I also liked traveling around with the background.

    Dr. Ronald CutburthDr. Ronald Cutburth5 күн мурун
  • Warren Buffett would say you're an idiot. Believing spending and debt are good, while savings and investment are bad

    Graham DavisGraham Davis5 күн мурун
  • this sucks. for Canadians. Our systems are more open. with no hidden closets of cash

    Joe DJoe D5 күн мурун
  • Wait wait wait, so what you're saying is Orange Man GOOD!!?? I'm just shocked, absolutely shocked. The media told me otherwise!

    HPHP5 күн мурун
  • You should do an episode on Mauritius

    Willow PetersenWillow Petersen5 күн мурун
  • I think you didn't do enough (or much at all) to explain why your analogy applies in this situation. You seem to be implying that the answer to that question about the equation is that inflation is the most likely outcome of velocity of money increasing - the balloon analogy is good for showing how that would work if that was the answer, but you didn't really explain _why_ that's the most likely. Unless I've missed something?

    ChopsTwoChopsTwo5 күн мурун
  • Dude, this guy sounds exactly like @Keegan J what the heck lol! I came here from KJ's channel because someone commented that they think he's this guy lol I can see why!!

    ElethEleth5 күн мурун
  • Why are you making math plural?

    Jason KoplinJason Koplin6 күн мурун
    • Math as an autonomous term for mathematics came first to the United States, in 1890. Another bastardisation of English

      Poke fun at idiotsPoke fun at idiots5 күн мурун
  • i keep trying to watch this video and my youtube closes itself ...

    Matt CrouchMatt Crouch6 күн мурун
  • I love being alarmed and scared.

    sync232sync2326 күн мурун
    • BOOOO

      Poke fun at idiotsPoke fun at idiots5 күн мурун
  • Are other countries that gave higher amounts of direct stimulus to their populations even more worried about this or is the US somehow in the biggest danger? Are economists worried about this in the same way for other countries? More worried? Less? How does it compare? I'd like to better understand how even though the US chose (and still chooses) to give so little direct stimulus (e.g. income supplement and housing/rent related protection) compared to other countries, it sounds like the US is extra worried about inflation and the "balloon" breaking? Or am I misunderstanding? Are economists worried about other countries in the same way or is the focus on the US because of the US's role in the global economy or something? (I am still learning and have lots of knowledge gaps. Please everyone be kind to me if you choose to reply to me. Thanks.)

    Emily NashifEmily Nashif6 күн мурун
  • brilliant video that could be explained much faster though

    Aaron GomezAaron Gomez6 күн мурун
  • And? Unless I missed something, you just left us hanging (and I've watched this 3 times now trying to figure it out). So, the Fed's doing a reverse repo and paying banks a rate of something like 0.05% and banks have put something like $1Trillion into it. What does that mean to us? Are my beer and donuts going to be cheaper? Non-existent? Cost what a house currently costs? It looks to me that the Fed is taking cash out of the system on the very short term (overnight?). But, so what? Maybe that'll also slow down the velocity of money. But, since these are overnight(?) RRs, again, what does that mean to us mere mortals? Also, at 12:04, you put an equation up relating Real GDP to Money Supply, Velocity of Money and Inflation Rate. You show that to balance a 50% increase in the velocity of money, there'll have to be a 50% increase in the inflation rate (all else being equal). But, then you talk about an absolute 50% inflation rate instead of a 50% INCREASE in inflation (i.e., something like 8.1%). Why?

    nommindymplenommindymple6 күн мурун
  • If we’re sitting on the dry powder, would it not blow up in our arses?

    Michael JulianoMichael Juliano6 күн мурун
  • Let’s be clear about what they were fighting. They were NOT fighting COVID-19. They were fighting the lockdowns which shut down the economy.

    Michael JulianoMichael Juliano6 күн мурун
  • thanks for the video

    Patrick ConnellPatrick Connell6 күн мурун
  • America need hope, hope is the only chance for people to keep spending. American's faith in the future is the best economic policy yet.

    Patrick ConnellPatrick Connell6 күн мурун
  • Youre not explaining anything, inflation can be controlled , its used as a form of robbery, what is happening is a forced collapse so that the robbery can continue and dumb people can go "Oh Well, cant be helped I guess"

    Rex HolesRex Holes6 күн мурун
  • took many months until the population received any help. it was a giant transfer of wealth to the Elites from the middle class.

    Rock girlRock girl6 күн мурун
  • Hi, I'm an ancap, and I watched your "Do we need taxation" video. I was glad to finally see some honest critique of voluntaryism that makes sense. You even gave historical examples of private societies, although that one is not my favorite one. But your two counter arguments, that is that of public goods and pollution, are flawed. I would ask you if you are willing to take a part in a debate, or more like a peaceful conversation, since you yourself admitted that anarcho-capitalism is a fascinating concept, albait not too realistic. Preferably in the form of online chat that could be published on YT. What do you think about it?

    Bogusław KołodziejBogusław Kołodziej6 күн мурун
    • uncontrolled inflation?

      Rock girlRock girl6 күн мурун
  • 8 months? more like 13 years!

    BitcoinBitcoin6 күн мурун
  • Aaaaah, GDP=money supply x velocity of money. Finally i understand intuitively why large scale public works of infrastructure increases GDP, or why it would be worth hosting an olympic venue despite massive costs.

    Michael PierceMichael Pierce6 күн мурун
  • I think there's an important aspect look at in terms of people's habits in response to long-term lockdown. People that change their spending habits. Thus resulting in a larger hoarding of money. Rather than it being interpreted as consumer confidence. This is a matter of consumer interest in spending.

    Michael PierceMichael Pierce6 күн мурун
  • The confused mailman distinctly alert because stove muhly correct including a unsightly pakistan. wandering, naughty angle

    Angel NixxaAngel Nixxa6 күн мурун
  • The one thing he's overlooking in the equation is the role of cryptocurrency in the velocity of money

    CrackedxVertibreCrackedxVertibre6 күн мурун
    • @Ryan Morin fyi the rise of cryptocurrencies has an effect on the way money circulates

      CrackedxVertibreCrackedxVertibre2 күн мурун
    • @Ryan Morin did you even watch the video? If you did well then clearly you can't keep up. Maybe try tutorials on how to stop making yourself look alarmingly stupid online

      CrackedxVertibreCrackedxVertibre2 күн мурун
    • the future will not be tokenized nerd

      Ryan MorinRyan Morin2 күн мурун
  • We're fucked!

    khankrum1khankrum16 күн мурун
  • This is not education. Your statements are mostly "heresay".

    Fartacus SpartacusFartacus Spartacus6 күн мурун
  • When are you doing one for saudi arabia

    WizzyWizzy6 күн мурун
  • The best things that can happen in this time are World War 3, a mass extermination of 95% of politicians, and the world wide ban on Government taxes.

    AdanAdan6 күн мурун
  • Great video and very imformative. One thing I have to say is yes, there are a lot of middle class not spending money due to fears yet the rich are spending money knowing they are making investments to continue to own this world. The middle class that is safe I wish would be more confident in taking risk, the rich do all the time and win while us middle class hodl our cash. Take risks and compete with those that take risks and win. We too can win.

    Anthony SilvaAnthony Silva6 күн мурун
  • #Covidstroika Doom Loop issuu.com/rogerglewis1309/docs/combinepdf_b6ef9cfbb19f19/s/12946556

    Roger LewisRoger Lewis6 күн мурун
  • This is part of a plan... It's called the great reset.. I'm not making this up there's videos on KGfilm about it the government will own everything... Sounds terrible.

    lazydogz77lazydogz776 күн мурун
  • PV = nRT, your Chemistry teacher TOLD you it would come in handy.

    HelixHelix6 күн мурун
  • Literally everyone is talking about it.

    Novelty RobotNovelty Robot6 күн мурун
  • I'd like to hear your opinion on CANZUK Good, bad, or indifferent.

    rideausheeprideausheep6 күн мурун
  • The one thing not addressed is that the supply chain isn't working very well right now. That means that there are a lot of dollars chasing fewer and fewer goods, can you say uncontrolled inflation?

    JamesJames6 күн мурун
  • Rumor has it that Hasbro will replace the monopoly money with Dollars as its cheaper.

    eyeofjakeeyeofjake6 күн мурун
  • Bitcoin is the beginning of something great a currency without a government,something necessary and imperative.

    Mark ThompsonMark Thompson6 күн мурун
    • Yeah unfortunately no, the biggest problem with bit coin is that it consumes a small country's worth of energy to produce more and we are starting to run into several problems because of that, specially when you start to boil lakes just to cool down the computers requiered for the operations and the price is soo unstable

      carso1500carso15006 күн мурун
  • Growth or profit at the expense of someone's lose is not growth or profit, but more along the like of theft and giving this illusion of growth is totally meaningless. I personally started a campaign to get public understanding the concept of exchange of value in commodities and services and how money should facilitate the process, instead of being a hurdle in actual growth in some ways. www.indexladder.com

    Index LadderIndex Ladder6 күн мурун
  • That balloon anology was perfect.

    A Ņ Đ ÝA Ņ Đ Ý6 күн мурун
  • EE a sub domain of acorns dot com attempting to discuss US economics, yet "In 2020, the UK’s exports of goods and services totalled £574 billion and imports totalled £586 billion. The EU accounted for 42% of UK exports of goods and services and 50% of imports in 2020." thus is operated on a deficit. I'd say focus on your own debt. Note that I didn't require a class to look this up at commonslibrary.parliament.uk/ Cheers ;) Go with humor.

    Robert LoydRobert Loyd6 күн мурун
  • The USA is like a body without a soul. No unity, no common goal, even our money is worthless paper.

    Matthew PoredaMatthew Poreda6 күн мурун
  • You will own nothing and you will be happy.

    Gugan _Gugan _6 күн мурун