Posted on 04/14/2021 4:42:00 AM PDT by MeneMeneTekelUpharsin
Hyperinflation is starting to set in. Individuals who study history, economics and the present situation realize we are entering a period of out-of-control inflation. This will destroy the wealth of everyone but those who are able to raise the price of their labor/goods to match the market. Those who can't will perish economically.
The very wealthy are obviously very aware of this. They are buying land/houses/goods which they can finance long-term knowing they will pay back those loans with inflated dollars, making the items they purchase extremely cheap. Or, some are buying every piece of land they can get their hands on for cash (happening in surrounding counties around me) knowing they can sell it for inflated dollars later to pay off other loans. Anyone not making a very high salary is out of the market now for land or a home.
The sociopolitical turmoil that will come with this is almost unimaginable. The crime from the desperate poor will spike. And, the government is encouraging people to immigrate illegally from countries that have this very same problem? All of this is almost unbelievable. Those in control KNOW what they are doing to the country and continue to do it on purpose. It is all very difficult to tolerate.
That is all.
I’ve been hearing this all of my life. Problem is, it’s probably true this time.
The peasants will ultimately eat the rich.
the CCP-owned antiAmerican pedophilic GOVERNMENT
in DC really believes it can and will print currency
as its way out of this.
... and they could not care anyway.
We are already on the other side of the slope leading to another Venezuela. And one of the marks of that country’s demise was the hyperinflation, the last tool in the box to make sure a command-and-control regime already in power maintains that power for an indefinite length of time.
The Weimar Republic of Germany is the poster child for how hyperinflation concentrates and consolidates the call for a top-down hierarchy to “control” the runaway drop in value of the currency.
And if you already have some land, they will raise property taxes so high you won’t be able to keep it
Wait until the dollar is not longer the world’s reserve currency...
Which is pretty much EVERYONE ... or am I missing something?
What ‘wealth’ is this author referring to exactly? Cause given the recent articles over the last few years or so, 20-23% of Americans have no retirement savings account, nearly upwards of half of Americans don’t have 1-5K in savings and roughly 5-10% of Americans have 10+K or more in savings. And this is not even factoring in what financial damage COVID lockdowns have had over the year.
https://fortunly.com/statistics/american-savings-statistics/#gref
>>Or, some are buying every piece of land they can get their hands on for cash (happening in surrounding counties around me) knowing they can sell it for inflated dollars later to pay off other loans
Bill Gates is buying up farms and I don’t think he ever intends to sell them to private hands again.
Never before have we spent so many trillions in such short time. And it’s going around the world.
The debt will never be paid.
The uber rich don’t lose their homes or businesses when it take a wheelbarrow of cash to buy a loaf of bread.
Put some trees on that land and claim an agriculture farming discount. It’s how the politicians do it
Well the good news is when the crash comes maybe the “migrant” magnet pull will reverse direction.
It’s not true. Other than that, a well written post.
The Answer
Then what is the answer?- Not to be deluded by dreams.
To know that great civilizations have broken down into violence,
and their tyrants come, many times before.
When open violence appears, to avoid it with honor or choose
the least ugly faction; these evils are essential.
To keep one’s own integrity, be merciful and uncorrupted
and not wish for evil; and not be duped
By dreams of universal justice or happiness. These dreams will
not be fulfilled.
To know this, and know that however ugly the parts appear
the whole remains beautiful. A severed hand
Is an ugly thing and man dissevered from the earth and stars
and his history... for contemplation or in fact...
Often appears atrociously ugly. Integrity is wholeness,
the greatest beauty is
Organic wholeness, the wholeness of life and things, the divine beauty
of the universe. Love that, not man
Apart from that, or else you will share man’s pitiful confusions,
or drown in despair when his days darken.
Robinson Jeffers
Back to that old, “people that don’t read history are doomed to repeat it”.
1917-1922: Russian riots in the streets and inflation = USSR
1920-1933: German riots in the streets and hyper inflation = Nazi Germany
2020- ?: American riots in the streets and hyper inflation = ?
Your are damn right to worry.
Was at Aldi yesterday, eggs were .68 per dozen, milk is 1.69 gallon. Ground beef was 1.99 per pound. I am only seeing hyperinflation in any building products and real estate.
Agricultural exemptions are not hard to get (OH) you need to produce an Ag product that creates at least $3000 income and fill out the paperwork.
Debts like this are settled through warfare. The expert nerds have been crying wolf about financial armageddon for 50 years and it hasn’t happened.
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