Posted on 08/24/2020 7:53:59 AM PDT by Roman_War_Criminal
End Times Ping
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There is no getting away from the fact that we are rapidly closing in on a major economic reset soon. October Surprise? Maybe...
Keep looking up! Maranatha!
There will be inflation, and there will not be a collapse/meltdown/apocalypse/armegeddon/end of the world.
The lie that never dies.
I have been predicting massive inflation since the Great Recession of 2008.
Still no sign of it.
One thing I have noticed...
I’m a great food shopper. I wait for great sales and then buy as much as I can carry or store in my little studio apartment.
Great grocery sales have completely vanished in the Seattle suburbs.
My monthly food bill is almost twice as much as I was paying in 2019, and my former stockpile of months of food has dwindled down to a couple weeks.
“These low rates, along with other poorly thought out government policies, blew a massive housing bubble.”
...uh, that would be the Dodd/Frank bill that was “poorly thought out”. Actually it was well thought out and did what it was designed to do.
rancid music covering EVERYTHING now. Shopping, shows, movies, TV series. Lucifer once had the magnificent harps before casting. A chime will occur with “your” mark for micro compliance.
QE 1-4 allowed Obama to print one percent of the money supply every month in concert with worldwide banks.
This guy doesn’t see what is happening. First of all there is no “US” Dollar. There is a Federal Reserve dollar which the US government borrows at interest. Does the Federal Reserve want to usher in a digital currency? Of course they do.
Now comes DJ Trump. Trump has effectively taken control of the Federal Reserve and forced them to zero interest. Now Trump is using two large stimulus packages to flood the system with no cost dollars to achieve two things. A giant reverse wealth transfer back to Americans and dollars to fuel our industrial resurgence. He likely has no intention of paying this money back as he plans to bankrupt the Fed then bypass them completely to have the US Treasury roll out a new dollar tied to gold. It is the only way to stop the NWO.
Because the $atanic Banking-Insurance Uniparty is attempting the forced WorkCamp with no O-BodyMortgage Care to rely on. Force the ignorant into Mac/Walmart jobs.
“Now Trump is using two large stimulus packages to flood the system with no cost”
The Uniparty-BankingInsurance O-BodyMortgage is attempting to block Stimulus 2
Drawing the experience from the Weimar Republic and applying it to today's economic systems is just stupid. The US dollar has never been backed by gold. It's always been backed up by the goods and services that currency can buy...it is output that backs the dollar. When the MSM and Dr. Fauci quit the fear-mongering and doomsday forecasts, that V curve will show itself. If Biden somehow manages to cheat his way into the WH, the MSM will follow along and all wiil be roses in a few weeks. I understand CV-19 is real, but I don't understand why the FDA is preventing treatments that appear to work in other countries.
China’s been working on that a long time. So has Soros. Democrats helping them now.
SURE it will.../s
Doom ! Gloom! Who hasn’t heard this crap like 5000 times?
look scare Mongrwal. If we ever get to the point where you can’t go anywhere in the world with the US $20 bill and have somebody take it then I’ll know that we’re in trouble
Until then , take your doom and gloom prophecies, and end times crap and shove it!
Hear! Hear!
I've been hearing variations of this since I was a kid in short pants back in the 1960s. None of these doomsday scenarios have ever come close to coming to fruition. Hell, I remember reading the Paul Ehrlich "Population Bomb" at age 12 and if I recall correctly, everybody was going to run out of food and other stuff by 1990 and there was NOTHING WE COULD DO ABOUT IT! Sounds familiar as the global warming nuts are spouting the same hysteria today.
We are definitely in interesting times but rational people look around them and see that despite the pandemic, nobody is eating less. The supermarkets are still going gangbusters. I see tractor trailers on the highways every day supplying them. In general, nobody is consuming less either. We still purchase the same non-essential junk that clutter our lives, only now we are more likely to have it all delivered to our homes in brown vans and there are more and more of those Amazon Prime trucks plying our roads and highways as well.
Our largest corporations like Apple, Google, Amazon and Wal-Mart are posting record revenues and profits. All the folks cranking out hand sanitizer and those silly disposable masks are going gangbusters as well.
Yes, there are some casualties. It sucks to be a restaurant owner for example. Or a landlord for commercial real estate. People will suffer as the economy is majorly disrupted. But there will be opportunities elsewhere for those willing to change vocations.
Who knows, I might end up driving one of those Amazon Prime vans. You might run into me delivering toothpaste and a pair of XXL sweatpants to your house one of these days.
I have been on record that we have been in a massive deflation since the early 1990s. You see that in the fact that virtually no commodity prices have risen significantly—gold shot up a little, but since the 1980s, owning gold would have been a loser.
The reason for the deflation, which I think we are still in, is a) China exports deflation in the form of lower prices and slave labor. It is nearly impossible to raise prices on goods and services if a major economic competitor is constantly undercutting them; b) the computer revolution. Despite what Gordon says in his new book “The Rise And Fall of American Economic Growth,” we have NOT BEGUN to “price in” the impact of computers on everything from cars to phones to houses. We are still playing catchup. Thus, more deflation is more likely than inflation. And the Fed’s QE1,2,3 aren’t making a dent in the deflation.
What you need is debt free currency. The real problem is the FED and fractional reserve banking. Money does not have to be backed by anything, as history has shown many times.
The English built their empire on the tally stick. Yes you heard that right, their taxes had to be paid by a stick. As a matter of fact, the tally stick was one of the worlds longest running currencies.
Lincoln bought and paid for the civil war with greenbacks, backed by nothing. As a matter of fact, the country did so well with greenbacks that the bankers had Lincoln killed to stop it.
If we want to back our monies with something, I suggest something with massive supply, like silver maybe. Gold may be too easy for the powers that be to corner.
I’m no expert, but I am aware of the concept of debt free currency. I think it is do-able, and has been done, as you indicate. But I think it’s one of those “taboo” topics that people aren’t supposed to talk about because if people caught on that the massive worldwide debt is all a deliberate ploy to keep us enslaved, then there would be a Great Awakening.
You are correct. In the old days the people could figure out that the bankers were creating money out of thin air, then charging us interest on that money that we “borrowed”. The FED, or the many names used in history, is a scam that has brought down every major power in world history.
Heck, Jesus flipped over tables due to the very same thing. The half sheckel (I think that was the name) was the only coin you could pay your “once a year during pilgrimage” tidings in (the only coin that did not bear a pagan emperor). The “bankers” of this time, bought up all the half shekels during the off season, then when the time came, ran the price up to whatever the market would bear. This is why Jesus was flipping over tables.
Money changers have been with us forever. Fractional reserve banking as been with us since the first goldsmith finally stumbled on the fact that not every person would come and demand their gold back all at the same time.
BTW, I am no expert either, but I did stay at a holiday inn last night.
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