Posted on 10/22/2021 10:11:21 PM PDT by JV3MRC
“If the amount of stuff itself created goes down that will also make prices go up.”
Not so quick... demand would drop off seriously in your senario providing a countering force.
And how will the techies be exploiting and promoting it to increase their profits.... I just finished my taxes for 2020. My entire business has been wiped out. And with a small uptick and things started to get better Chomo Joe and the democrats have dashed any hopes of recovering. At least in their term. I can’t believe how easy the commies took down the world. When the dems finally pass through their pork I am signing up for every welfare program their is. Forget this life of 60 hour work weeks just to have some scumbag chomo supporting bureaucrat destroy everything I worked for.
Thanks for helping out, Jack. /s
So now the POS is an economics major? lol
The problem is that inflationary expectations/fears can become irrational and create inflation far above the increase in the money supply (at least for the short/medium term).
Folks are about to relearn that lesson the hard way—because nobody wants to get stuck holding the “worthless dollar” ball.
Sometimes panic porn is based on reality.
Correct. He didn’t say it’s a bad thing- only that it’s coming
Nope, particularly when it's Jack Dorsey saying it.
Great, Jack. But, you’re the idiot that worked hard to get those responsible for the inflation elected.
Where are people paying minimum wage?
i.e. People lose confidence in the currency, a la Venezuela.
We're not quite there yet. First comes the deflationary depression, THEN hyperinflation as the Feds try to reinflate the economy.
But consider that “the US dollar is the pettiest dog in an ugly dog contest”. If the US goes into a deflationary depression, the whole world is going along for the ride. All currencies (ugly dogs) will be printed at the same time, similar to March 2009 when all the major central banks started massive pumping in unison. And don’t even try to say “but China...”. They were the biggest money printers of them all.
Study Japan in the 90’s. An over 10 year long deflationary period. Money was going off to money heaven and the Japanese central bank printed endlessly. No collapse of the Yen.
Maybe they are trying to accelerate it by setting in panic buying as well?
Thats what I think. “Yes, but won’t the Dark Overlords lose a huge amount of money?”. Yes, but if your net worth goes from 25 billion to 5 billion, you can still live quite comfortably (if you shop at Goodwill and clip coupons).
They’ve also been prepared with buy ups of hard assets.
In my opinion “they” are like a man on fire walking through a dry field of grass that is catching fire all over the place wondering if they caused it.
Make no mistakes. The American Oligarchs will remain fabulously rich when they implement their own agenda. When you have billions and you control the government (policy and regulations) you will make MORE money.
Just watch......
It is ironic that the radical left only hates wealth when it does not parrot their agenda and work to implement it.
They are far more aware and intentional than that.
You’re right! See how great no more mean tweets is? We all wallow together in our misery, together! Except our betters. They must have it better in order to properly rule over us.
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