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.
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.
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.
Inflation is here now.
Hyperinflation is adopted in a lack of confidence in a government.
I could see us moving that way.
Money is moving into physical things - coins, art, rare stamps, metals, land, etc - and crypto, as the government destroys our dollar and aggressively pursues taxes
I wonder how well stock and ownership in corporations does during a hyperinflation? I suppose it may depend on what sector the company is in.
Wait...they told me it would be transient. // sarcasm
The administration will have us all wearing WIN pins.
Whip
Inflation
Now
....unless you own crypto
Inflation is built into the system. The fed has a “target inflation rate” currently stated as 2%. That number will soon be a fond memory.
Prices have gone up, and are shooting up rapidly. This will target those who have worked hard while they were able and now have saved some money so they won’t be a burden. Their savings will soon = zero. And then they are dependent on government which will reward them with free euthanasia.
Inflation has nothing but advantages for the statists. The “economic indicators” will be all going up (as everything else) and they will claim that the economy is doing great. Since the media is fixated on the “DOW” that number is watched minute by minute and every time it reaches a number with many zeros, bottles of champagne are opened. A DOW at 50,000 is nothing to party about, if a loaf of bread costs $10.
The ruling elite is protected from inflation. They have given themselves cost of living adjustments, so they don’t care. People receiving Social Insecurity get a .2% increase.
Reparations will bankrupt anyone who was foolish enough to work at a job and earn money. Reparations will reward anyone who made a living by voting democrat.
Agree.
Blam,
JUST GREAT!