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It's All Politics
More than 75% of US hit by inflation and most blame Biden, poll shows
submitted 2 years ago by [deleted] from nypost.com
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[–]Zapped 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 1 fun4 insightful - 2 fun - 2 years ago (8 children)
Ok. I am developing a theory on this round of inflation. The lockdowns caused a supply chain and "labor" shortage, so that made products and services scarcer. Inflation ensues, right? This inflation should reverse when things get back to normal, like lumber did. What if everybody who spent money during inflation was left holding the bag and their investments tanked? The U.S. prints money to keep the new prices caused by this inflation permanent and gives a lot of time for things to settle into the "new normal" values. What am I missing?
[–]Noam_ChomskyPirate Party 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - 2 years ago (7 children)
What am I missing?
Wall St had the largest crash ever in March 2020.
Since then the FED has been pumping about 50 billion dollars per day into Wall St to keep the zombie economy going.
We're already into the worst global depression in recorded history. This is as good as it will get for 10-15 yrs.
[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 2 years ago (6 children)
if it is worst depression shouldn't things be worse than the 1930s
[–]Noam_ChomskyPirate Party 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 2 years ago (5 children)
The depression started in 1929.
Wall St had the biggest crash in history March of 2020, but the FED papered over it, and now pumps billions of inflationary fiat directly into the zombie economy. The system didn't die in 1929. The system is already dead. Weekend at Biden's - A Global Catastrophe Horror Sequel
1930's dollars were backed by gold (tangible assets). Now it's the world reserve currency, and it's backed by the US military. Mostly digital, and the rest is paper IOUs. Worthless.
There's no treasure in the Treasury.
The US economy was based on value-added manufacturing, and agriculture. Many people lived in farms, and many more had gardens.
Today it's ~90% finance based, and the value-add is trivial. Most people rent. Few have gardens.
There's very few value-added goods to export to dig us out of the debt hole. Few people want to work in a factory.
Over half the population is deranged by state run brainwashing camps (public schools). Charter schools aren't discernably better.
Millions have been forced out of their jobs by govt mandates that were never passed into law.
Many millions more (roughly 50% (or more) in every non-African nation) have volunteered/subjected themselves to experimental injections that modify their own living cells RNA to produce biotoxins.
It's difficult to imagine.
I entertain the possibility of the BIS announcing a global jubilee next September (at the end of the Shemitah).
[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 2 years ago (4 children)
still tho why isn't the economy as bad as in the 30s if this right now is the worst depression ever. Cuz the fed papered it over? Doesn't that make the fed look good?
[–]Noam_ChomskyPirate Party 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 2 years ago* (3 children)
The FED is opportunistically keeping the zombie going (and the media keeps the public ignorant), so it can pull the rug out when it suits them.
Most countries have bail-in clauses that will allow failing banks to take their customers money. Legally.
Everyone with money stored in the bank is about to be robbed.
Good luck getting it all out as the curtains fall.
At that point everyone will say "we should have seen this coming".
If you buy prescious metals and own then physically, then they may not be worth much at the time, but it will be worth more than anything else.
Notable exceptions: Food, Clean water, shelter, and a reliable means of defending those assets.
Get in physical shape, if you aren't already.
Edit: Covid is a hoax PsyOp and the designated fall guy, so the pubic doesn't lynch the banksters.
[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 2 years ago (2 children)
They've been doing that for decades. I suppose it might come true one of these decades but what specifically are we basing it on.
[–]Noam_ChomskyPirate Party 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 2 years ago (1 child)
Good luck with your static view of the world.
[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 2 years ago (0 children)
not totally static like I said it'll come true one of these decades. You were saying it's currently the worst depression ever, can't be true right now like I said as things aren't as bad as the 30s, could be true some day though.
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[–]Zapped 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 1 fun4 insightful - 2 fun - (8 children)
[–]Noam_ChomskyPirate Party 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - (7 children)
[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (6 children)
[–]Noam_ChomskyPirate Party 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (5 children)
[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (4 children)
[–]Noam_ChomskyPirate Party 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (3 children)
[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (2 children)
[–]Noam_ChomskyPirate Party 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (1 child)
[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)