The Coming Age of Scarcity (and Hunger!)

War Room - Steve Bannon ^ | May 19, 2022 | Editor

[Boogieman]

“At some point, the government will send money similar to the stimulus checks through the IRS for lower income people. “

Well, that’s going to be a regular necessity. Which means they will have backdoored “guaranteed minimum income” without actually passing the legislation.

But the solution won’t work, because they’ll have to keep printing lots of money to do it, which means continued increases in inflation, which means more stimulus, more money printing, more inflation, etc.

[Boogieman]

Well I think he did do a great job, especially considering the opposition he faced. Whether he would have addressed the really major issues in a second term is open to speculation. Perhaps we’ll find out after 2024.

[blam]

"But the solution won’t work, because they’ll have to keep printing lots of money to do it, which means continued increases in inflation, which means more stimulus, more money printing, more inflation, etc."

Been doing it for decades....that's how we got there. Just 'kick the can a little bit further down the road'.

[Born in 1950]

More is the pity. Please don’t share that widely.

[Karoo]

It IS amazing how much he did accomplish considering everything the Dims and media threw at him.

Then consider how poorly he was treated by that Costa guy who worked for CNN..whatever happened to that guy. He was so very rude to the President of the United States. No excuse

[HandyDandy]

That’s between you and me, boomer. More’s the shame.

[Born in 1950]

Have a great one! :)

[Capt. Tom]

In Part 2, watch energy consultant Dave Walsh talk about how the crisis is just getting started. Just wait until fall when our farmers take in the harvest, which will be devastated by the fertilizer shortage that’s under way now.

I am also concerned with the coming of winter, and the problems that is going to present, in Nov-Dec-Jan-Feb-Mar--Tom

[HandyDandy]

; )

[Boogieman]

Yeah, and we got away with it because of 2 things mainly:

1. We were using some clever financial trickery to “postpone” inflationary effects, hoping that increases in GDP would catch up in time to offset and negate those effects, or at least to make sure that the current politicians left office by that time to avoid blame.

2. As the world’s reserve currency, we were essentially able to “spread the misery around” to everyone else. If everyone’s prices were rising as fast as ours, at least inflation was not causing us to also lose our competitiveness internationally. Even China was silly enough to peg the price of their currency to ours, which helped hide some of their economic weakness, but in the end, it will be a move they will definitely regret.

[AndyJackson]

there were serious underlying problems that Trump never even tried to address

This blurting out the truth is bad policy. But any chance we had to save ourselves ended when a would-be tyrant invaded a foreign country without provocation and started the huge run-up in debt that resulted [and I am talking Bush here]. I have little use for the Clinton's but at least he more or less balanced the federal budget. Now, he also started the systematic growth of crony capitalism, which is another reason we are headed for disaster, so the Clintons aren't off the hook in my book.

If and when things get really bad, the solutions are going to be ugly, but I hope it means rebuilding our boarders, making the US more or less self-sufficient, and dealing with the fact that we cannot repay the debt we have run up except in very depreciated highly inflated dollars.

[Mr. Blond]

We’d also have baby formula, and shipping prices factored into food would be less.

[Perseverando]

I am also concerned with the coming of winter, and the problems that is going to present, in Nov-Dec-Jan-Feb-Mar--Tom

I am, too!