Posted on 03/26/2023 9:39:22 AM PDT by SeekAndFind
Now that we are seeing inflation and serial bank failures in the U.S. with few prospects of any improvement so long as Joe Biden is in the saddle, perhaps a look at what that's like when the experience is extended is worth the trouble.
Emily Stewart, at Vox of all places, has written a brilliant, yes, brilliant, piece describing in minute detail just what the hell that kind of living is like. What is it like for a modern economy and a first world lifestyle to go the way of, well, Argentina? She describes it from a recent trip very, very well.
It all kind of looks the same as here. It's first world. People have kitchens and electricity and flush toilets. They wear shoes, go to school, and speak English. But it's not the same, and the changes creep up in the manner of the boiled frog -- until they become complete lunacy around the issue of money.
The only thing missing, and perhaps it's outside the scope of her piece, but it's very critical, is where that kind of economy came from. Hint: We know it well.
Stewart begins her piece out with this:
For those unfamiliar, the ways people in Argentina navigate the day-to-day economy can sound wild. When you don’t think you can trust the bank, the currency, or anybody in charge, things can get pretty weird pretty fast.
Amid super-high inflation, people can’t bet on the value of the Argentine peso staying stable, so when they’re paid in them, they spend them fast or convert their money to American dollars — it’s unwise to keep your money in pesos for too long.
(Excerpt) Read more at americanthinker.com ...
The framers had much more faith, more agrarian population and largely homogenous in ethnicity. We are now a huge nation with many people from 3rd World countries we import for cheap labor and Democrat votes. It keeps the government huge and influential. Current UniParty members want you broke and under full lock and key of FedGov.
“..Thanks to our own democrats and other unhinged leftists we now can have the exact same experience right here in our own home towns....”
It goes back quite a ways though. The generation that had first-hand experience of some of this crap are now long gone. Many today have not learned the lessons of our forefathers of the days gone by.
I posted this on another thread, but worth reposting here:
“My grandfather was a finish carpenter & cabinetmaker back in the 1920s.
He employed two other men in the trade as well. It was a thriving business in its day.
My dad was just a very young boy back then, but he would help out in the shop by sweeping up sawdust, picking up debris, tools, etc....whatever a little fella could do to help and not get in the way to earn a nickel/week.
My grandfather had almost $5000 cash in the bank (everything was done with cash back then) that he used to further his business: payroll, materials, additional tools, etc....whatever was needed to keep the business going.
When the “crash” hit in ‘29, the bank permanently closed its doors overnight and posted armed guards to hold the people back. It never reopened, and he never got a single red penny of his money back...not a penny. It emotionally and financially destroyed him, not to mention the two families that depended on that business for income.
My dad NEVER trusted a bank from that day forward....ever. The whole time I was growing up, he’d literally stash paper money in a mattress and coin money would be sealed up in mason jars that he’d actually bury in the backyard. He kept a little hand-drawn pencil map as to where each jar was buried. My poor mother had an awful time with him in that regard. I can remember when she finally convinced him to dig em all up because they wanted to buy a nicer house. Our backyard looked like a prairie dog town when he was done digging em all up....I’ll never forget it...LOL
He told me the whole time I was growing up to NEVER trust a bank, not even trust their clock on the outside of the building, even if the whole U.S. government treasury stood behind it. He’d always say that anybody that would trust a bank with their life savings was outright utter fool. He went to his grave with that mindset.....I always thought he was just crazy.
Maybe he wasn’t so crazy after all...”
you must have felt strongly about it. :)
later
Thank you for telling us. I appreciate it.
“It never reopened, and he never got a single red penny of his money back”
That’s why Milton Friedman called FDIC the most important legislation to come out of the Great Depression. Without it, a bank’s customers had their money go up in smoke when a bank failed. Today that loss is only inflicted on the owners and investors of banks.
You can go a step further than that - no government, having created a dependent political client class to facilitate election victories, can ever dare to stiff them. The overspending must continue in perpetuity. All they can do is try to inflate faster than they increase annual stipends and hope their Rent-A-Mobs don't notice.
Read When the Music Stops by Matthew Bracken for a vivid description of what will happen if EBT is ever cut off.
“..You can go a step further than that - no government, having created a dependent political client class to facilitate election victories, can ever dare to stiff them. The overspending must continue in perpetuity. All they can do is try to inflate faster than they increase annual stipends and hope their Rent-A-Mobs don’t notice....”
Yep.
This is what the RAT/Globalists have brought us to. The problem is that it’s rapidly becoming unsustainable. Once they initiate their banking and the economy collapse, it will accelerate exponentially. What Bracken has so vividly described is going to become a for real reality in some form....and probably sooner than most normal people would even think.
Isn’t that something? I’ve read it was listed as the 3rd wealthiest country. Those policies can screw up a country for decades, even centuries. They aren’t number 3 any longer that’s for sure.
Detroit may well have been the wealthiest city on the planet at one time.
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