Good blog article explaining some aspects of the basics.
With our spending (what he addresses), the war in Ukraine and BRICS nations wanting to dump the dollar, this administrations spat with Saudi Arabia... lots of bad forces converging. You have various currents, but they are all heading in the same general direction.
We might be at the beginning of what is the end of the dollars rule:
PRC: https://foreignpolicy.com/2022/09/21/china-yuan-us-dollar-sco-currency/
When we print money and inflate our way out of debt, what we are also doing is screwing every nation which is holding on to US dollars.
Here’s another way to look at this. Inflation is too much money chasing to few goods (i.e. empty shelves/shortages and high prices). But it is actually caused by government over spending and it is usually known and intentional (not an accidental act).
It’s a way of breaking promises made without using a microphone and telling folks you’re going to break them. All the folks on Social Security, Federal retirements, military retirements, VA checks, cashing in on their bonds, they are getting what they were promised at face value, but it’s in end effect 20% less than what they were promised actually, just in the last 2 years.
It’s a way the government can slip out from its obligations without coming forward and saying “Screw you we’re cutting your retirement, not giving you your bonds worth...”
Today, politicians lie cheat and steal in ways that allow the people to be unaware of what is actually going on. They are creative in how to both break promises made, but also how to ever raise the tax burden without folks ever realizing what is going on. No one wants a tax increase and any politician coming out and saying “I want to raise the income tax” will be highly unpopular. Yet with things like a CO2 tax built in everyone is paying a tax on everything essentially, but folks don’t even realize that. This is de facto a massive tax increase and also creating inflationary pressures, but people do not realize this: https://www.foxbusiness.com/politics/epa-quietly-pushes-expensive-carbon-tax
Inflation is theft by a government. It’s a way of breaking a promise in obligations made in the past which appear burdensome today. Even if you get a 6, 7 or 8% raise, truth is the net inflation was nearly double of what was officially claimed (more lies) and all those owed by uncle Sam are now getting it in the rear.
What you’re seeing right now is a government cheating and lying, intentionally.
Very scummy.
deliberately killing America