It's way worse than the 1970's. We've had over a decade of almost 0% interest rates with like 4 rounds of QE. The last one expanded the money supply by something like 25%. Government debt, personal debts, are through the roof. Almost every sector of the economy is in some sort of bubble, and higher rates will pop these bubbles. My guess is the fed will attempt to raise rates, until the shit hits the fan, no doubt they will blame Russia or some other such bullshit. Then they will be back to 0% and money printing.
This is correct. The inflation narrative is word manipulation. Yes things cost more, no we don't have inflation.
Outside of the initial stimmies there is less money going around now than pre-plandemic. But they also destroyed the global economy. So there is less stuff to go around and people are reluctantly paying for it, at whatever cost.
Historically all fiat currencies revert to zero. This time it's getting a lot of help!
the age of growth is over. now comes the age of stagnation then crash
It's way worse than the 1970's. We've had over a decade of almost 0% interest rates with like 4 rounds of QE. The last one expanded the money supply by something like 25%. Government debt, personal debts, are through the roof. Almost every sector of the economy is in some sort of bubble, and higher rates will pop these bubbles. My guess is the fed will attempt to raise rates, until the shit hits the fan, no doubt they will blame Russia or some other such bullshit. Then they will be back to 0% and money printing.
You're not allowed to yell fire in a theatre
This is correct. The inflation narrative is word manipulation. Yes things cost more, no we don't have inflation.
Outside of the initial stimmies there is less money going around now than pre-plandemic. But they also destroyed the global economy. So there is less stuff to go around and people are reluctantly paying for it, at whatever cost.
This ends badly.