Posted on 03/05/2022 1:38:35 PM PST by Roman_War_Criminal
In the US and around the world, record wage and price increases are becoming the norm.
It’s the beginning of an accelerating wage price spiral, and could continue on for several decades.
Most people alive today never experienced the 1970’s period of runaway inflation. They are quickly coming to terms with their massive loss of their purchasing power. Like a runaway train, once governments lose control, it’s nearly impossible to stop. In an effort to put the genie back in the bottle, they will be forced resort to wage and price controls. As with Nixon’s failed experiment 51 years ago, these efforts are doomed to failure. Here’s 8 reasons why.
1. No one really wants to stop it. Jerome Powell no longer claims that inflation is transitory and his efforts at containment are half-hearted.
(Excerpt) Read more at financialsurvivalnetwork.com ...
Bought our 1st house 1970 with 8% interest which we were delighted to get. But by 1983 our sliding mortgage rate was 13%. Crazy.
You speak truth and facts. It would fix 95% of our issues.
The problem is that over Globalist overlords want this, and have planned it.
Instead of letting free people do what makes sense, they want this quandary and chaos.
I agree 100% with what you wrote but almost positive it would take a hot war with the military siding with us to make this happen.
Agree. Manufacture and warehouse until the foolishness is over. The food producers have two lines of distribution. One is aimed at restaurants, the other a retail grocery. When the restaurants were shutdown by COVID, much of the food distribution had no alternative path. Much was just dumped or plowed under.
Rates need to be raised.
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