If consumption is 70%+ of the economy, how does implosion via hyperinflation benefit anyone financially? Especially with rises in all sorts of taxes, the imposition of more and higher fees, to the point where states offer tax credits or cost sharing for services that used to be covered by regular taxes, but have now been privatized and have fees attached?
I suppose there may be some who relish being King of the Dunghill, but I just don’t get it. Gutting the USA for spite or to boost other nations as superpower du jour, or to benefit the Global Governance of the UN could be a reason, I suppose, but it seems to me to just put the entire globe on a downhill slide. To whom will the new superpower sell its goods? From which turnips will it draw what blood? Destruction of US resources increases the availability of what and to whom?
Are there really those who truly desire fewer workers, lowered production, sequestered resources and a global serf class just large enough to serve the few super-wealthy elites? It’s possible, but smaller revolutions were brought about in isolated places in the past when this was tried. With nothing left to lose, would the world’s populations simply accept this sort of situation?
It is just so bizarre.
The very rich are buying properties, businesses, boats, planes, cars, metals, and other tangibles. This type money manipulation is giving them a period of deflation before hyper inflation. They Pump the markets to get more money then use the deflationary period to buy.
I’ll give you a for instance about what I am talking about: I can sell several thousands shares of Boeing for over $100 a share that I bought for $32-52/share. That allows me right now to buy a Florida waterfront property for $300k that was over $1 million just 5 years ago, boat dock included. It would be an additional home. With that I can also sell less than a thousands additional shares and get a rather nice boat for about $75k that was once $300+k to put in that dock. Even airplane prices have been cut by about 40%. An airplane that was $360k is now $240k at most, and sometimes down to $160k.
Axiom: Those with money make out in a recession. Their buying power is maximized. Toss in fed manipulation and they can ride the wave, too. Of course, they don’t know when the wave will end or even begin, but once it happens they can jump into it for excellent investing and buying opportunities.