In it’s simplist form, inflation can be defined with three clauses:
1 - Too much money...
2 - ...chasing...
3 - ...too few goods.
Google M2. Clause 1, check.
Google velocity of M2, Clause 2 - not yet (but watch out!)
Anecdotal evidence of clause three is all over the place. Check.
So probably inflation has started heating up. Once it gets hot, spending will accelerate as people trade paper assets for hard assets. This could be very ugly.
08/13/2021 4:56:09 PM PDT
· 34 of 109 narses
to Salvation; roving
You know, that deal! The one where the Romans Crucified Our Lord, tortured and killed His Apostles (Bishops), priests, and faithful for centuries. THAT deal!
And Truman appointed him to be SCAP leading the post-war Japanese reconstruction and to lead the UN Effort in Korwa. Why? Because he was an inspired and inspiring military leader.
08/01/2021 4:41:03 PM PDT
· 95 of 125 narses
to nickcarraway
“We dropped the bomb not to get Japan to surrender, but as a warning to the Soviets. Of course, we didn’t realize that by then the Russians had already stolen all the information they needed to make their own bomb.”
Nope, FDR gave him that data and the yellowcake needed to produce same during WWII.
Read “American Betrayal” by D. West for the details.