The inflation is real one way or another. Inflation, is a function of the money supply, and with less productivity or goods, on top of intentional supply chain problems caused by covid measures, we’re going to see the quantitative easing bubble pop. Perfect opportunity to roll out UBI through a central bank digital currency, tied to your digital ID. The question is when are they going to pull that technocratic trigger?
that isn’t necessarily true when so much of the money supply is being hoarded/not in circulation at all/hasn’t been for a great deal of time. the standard “money printer go brrrrrrrrrrrrrr” argument doesn’t seem to account for the fact that we wouldn’t fucking need huge cash infusions if off shore banking and money laundering/tax sheltering 101 hadn’t become business as usual decades ago. i agree that SOME inflation is inevitable in this current crisis ;), but shit was gonna hit the fan either way. you can’t take all the fucking chips off the board any more than you can just print them out of your ass with reckless abandon. both styles of economics are ultra destructive. you seem to be failing to account for the fact that these are opposing paradigms at war with each other.
You forgot supply of goods as part of that equation. As manufactured shortages in all aspects of life continues, you will see prices continue to increase as you currently see. True inflation is upwards over +13% year over year. You see that in food, shipping costs, technology like VFDs, commodities, etc all with longer lead times...Frankly, I think they’ve been downplaying the scare tactics because there’s nothing the Fed can do bar an economic collapse in the US. All in all, our purchasing power has decreased and will continue to decrease putting those who were able to store wealth at an advantage. I suppose they’re waiting for a catalyst or scapegoat to pin the problem on instead of the money printing and manufactured shortages. They won’t waste the opportunity with a great reset if we let them.
The inflation is real one way or another. Inflation, is a function of the money supply, and with less productivity or goods, on top of intentional supply chain problems caused by covid measures, we’re going to see the quantitative easing bubble pop. Perfect opportunity to roll out UBI through a central bank digital currency, tied to your digital ID. The question is when are they going to pull that technocratic trigger?
that isn’t necessarily true when so much of the money supply is being hoarded/not in circulation at all/hasn’t been for a great deal of time. the standard “money printer go brrrrrrrrrrrrrr” argument doesn’t seem to account for the fact that we wouldn’t fucking need huge cash infusions if off shore banking and money laundering/tax sheltering 101 hadn’t become business as usual decades ago. i agree that SOME inflation is inevitable in this current crisis ;), but shit was gonna hit the fan either way. you can’t take all the fucking chips off the board any more than you can just print them out of your ass with reckless abandon. both styles of economics are ultra destructive. you seem to be failing to account for the fact that these are opposing paradigms at war with each other.
chicken meet egg.
You forgot supply of goods as part of that equation. As manufactured shortages in all aspects of life continues, you will see prices continue to increase as you currently see. True inflation is upwards over +13% year over year. You see that in food, shipping costs, technology like VFDs, commodities, etc all with longer lead times...Frankly, I think they’ve been downplaying the scare tactics because there’s nothing the Fed can do bar an economic collapse in the US. All in all, our purchasing power has decreased and will continue to decrease putting those who were able to store wealth at an advantage. I suppose they’re waiting for a catalyst or scapegoat to pin the problem on instead of the money printing and manufactured shortages. They won’t waste the opportunity with a great reset if we let them.