That is the reason for the minimum wage increase push. They need to monetize the debt. And increasing wages (all wages will be affected and some union contracts are tied to it) will increase spending. More money chasing the same goods means price inflation.
And yes, they have a tiger by the tail. Deflation will be replaced with inflation followed by hyperinflation.
Inflation has already occured. Just compare last year's grocery bill with this year's. The charade won't stop as long as many continue to believe the lies.
When the lies are no longer sustainable, they will announce a global reset on all government debt. Not yours or mine however. At that point we'Ll be on a global currency As they claim it will be the only solution.
“That is the reason for the minimum wage increase push. They need to monetize the debt. And increasing wages (all wages will be affected and some union contracts are tied to it) will increase spending. More money chasing the same goods means price inflation.”
And why cashing out of their pension heavy weighted stock market into 30K plus vehicles, and 0% financing, and 20K houses going for 500K plus.