Posted on 11/06/2021 9:03:37 AM PDT by E. Pluribus Unum
It is an economic rule which free market philosophers like Adam Smith have tried to explain to governments and monopolists for centuries:
Less liberty and more centralization equals less production and less overall wealth.
Governments and central banks have sought to circumvent this rule by printing money from thin air, thinking that they can create wealth while at the same time suffocating public financial interactions and trade with authoritarianism. This, of course, only leads to inflation or stagflation, and thus wealth is never actually created, it is projected like a hologram in order to trick the masses into thinking that all is well – until everything breaks, that is. Inflationary policies inevitably lead to speculation
To be sure, capital is concentrated under this system into the hands of a select few, but the currency itself is devalued swiftly and buying power is truncated. Speculative assets and many commodities start to see a burst of activity as the inflation grows out of control.
Some of these assets will implode eventually, especially those that offer no intrinsic value or utility, that were only ever purchased in the hopes of passing them on to a greater fool. Others will explode even higher. Essentially, bizarre bubbles in various sectors are in reality a warning of the inflationary crisis to come.
(Excerpt) Read more at uncanceled.news ...
Our supply chain crisis is a compounding problem and it will get worse before it gets better.
There are numerous factors contributing to it and our government appears hopelessly inept at addressing them.
It is by design and will usher in The Great Reset.
WAKE UP AMERICA!!
Same old wrong explanations, different day.
Tulip mania.
South Sea Bubble.
Build Back Better.
Same...Same.
Designed is still questionable.
Here in Germany, they brought up an odd shortage issue....Coke in a can. It’s reaching a point where you can’t find it at gas stations or grocery stores. Reason given....pricing for aluminum has escalated drastically, and Coke questions paying the new cost...then adding that to the basic cost of a soda. No problem with plastic or glass bottles though.
Designed is still questionable.
Here in Germany, they brought up an odd shortage issue....Coke in a can. It’s reaching a point where you can’t find it at gas stations or grocery stores. Reason given....pricing for aluminum has escalated drastically, and Coke questions paying the new cost...then adding that to the basic cost of a soda. No problem with plastic or glass bottles though.
There is nothing wrong with the country that expensive, totalitarian government programs can’t prolong and make worse.
I don’t know sometimes. While I agree that it appears intentional with a larger goal you cannot help but wonder if they are just that inept.
They wreck everything they touch with unintended consequences for every action.
California government regulation and policy is not helping at the ports.
I cannot even assess it as it is unclear who is in charge!
Governor Nuisance is in the globalist club.
That's all you need to know.
One article said (vaguely) Overall, 6 in 10 working-age Americans haven’t even seen inflation above 4 percent. A quarter of them haven’t even seen a sustained stretch above 3 percent.
Mistakes That Offer a Warning For Today By Jon Hilsenrath June 11, 2021 WSJ (photo showed a woman with picket sign: Lower Food Prices Or Close Your Doors and We don't Need You If You Don't Need Us
In the fall of 1966, a wave of protests swept the U.S., capturing the attention of Washington politicians, big business leaders and newsroom headline writers. But these Americans weren’t voicing their anger over the war in Vietnam or racial discrimination. The protests were against rising grocery prices, and the foot soldiers in what was described as a “housewife revolt” were largely middle-class women with children. Fed up with the increasing cost of living, they marched outside of supermarkets with placards demanding lower prices, sometimes printed in lipstick. The picketing started in Denver and swept to other cities, prompting Time magazine to report that supermarket boycotts were spreading “like butter on a sizzling griddle.” President Lyndon Johnson’s special assistant on consumer affairs egged them on, urging protesters to “vote with the dollar.”
I'd like to a number of people in the categories. As Boomers have all seen inflation, GenZ hasn't.
As long as there is enough glass for Beck’s then I’m good!😎
About 160 container ships loitering off LA waiting to unload, LA ports have so many containers they have no room for empties, CA and Fed government regulations limit types of trucks, driver training and pay and then force fines and taxes for not meeting demands to empty them out. What could go wrong with all that?
Biden’s American Dystopia....get used to it. He don’t care - he can’t even figure out who keeps crapping in his pants every day.
No. The leftist Democrats are just looters they make money by destroying things and stealing the assets. They are the ultimate short sellers.
Food
"In case you missed it, yesterday Bloomberg reported that the current nitrogen shortage has become so problematic that farmers aren’t able to procure the necessary fertilizer to produce their usual crop yields."
"So, are we going to have to add a FOOD crisis on top of the inflation that is headed our way?"
They could always try bringing factories back to the US. That, of course, will never happen because that would require our elected officials to have common sense.
The trouble with present teaching on economics is:
Those who teach it do not understand it.
Those who write about it spend a few thousand words trying to impress us with their vast knowledge and their plan for managing currency, credit and interest.
But it is very easy to understand how an economy works.
First, money is no more than a substitute for barter. In ancient times a farmer carried a load of potatoes, or whatever crops he had, to town and traded them for milk, a goat or whatever he needed.
For what he was able to trade for and take home, he left something of more or less equal value , depending on how good he was at trading.
Our present currency system is completely divorced from that reality in that it is a political weapon in some cases, and political corruption in other cases.
Printing piles of money and giving it to those who are not working creates an imbalance of money vs goods available, because those receiving free government money are not taking anything of value to the marketplace in return for the money.
More dollars chasing less goods will eventually destroy both the economy and the country, yet the economic geniuses we have in government are actively making more money available to those who contribute nothing.
That was always the plan.
Ping
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