Never thought I'd see an article that unironically said "inflation is going up, and that's a good thing"
It's also interesting that the article conflates "inflation" and "price increases due to increased demand". Which "experts" always emphatically state is not inflation when people make the basic observation that their personal cost of living is going up faster than the official inflation numbers would suggest it ought to.
This is by design, but is only part of the whole story.
The key factor is that the middle classes can not have access to resources like in the past. There will be a 2 part plan to accomplish this.
C taxes. These taxes are highly regressive and would kill the poor and middle classes. It will end up increasing the prices of everything by a several fold.
The C tax money will be used along with printing, as continual stimulus payments (think UBI) that will be phased depending on income level.
The result is that everyone will "earn" $200,000 (to use a round number) but it will have the purchasing power of $20,000 today. Gas and Milk will be $30/gallon, a domestic flight will be $5000. A new laptop or phone $10,000.
Then only the elites will have access to the resources, the rest (middle and lower classes today) will be part of a new permanent underclass. McMansions will fall into disrepair (no one will have $150,000 for a new roof) and current middle class lifestyle will be impossible to afford.
Edit: I'll leave what happens to retirees (unproductive elderly) an an exercise to the reader.
I believe this will be the case as well. A guaranteed income isn't always bad, Alaska has something like that with oil money, but with the people currently in power it will be nothing good.
Anything people have in cash savings will be heavily devalued, and most people will be entirely reliant on the government as an income source. This would likely come into play with a new "digital currency" as well, which wouldn't have some of the benefits that current cryptocurrencies have.
The only time I'm willing to pay extra for the stuff I buy is if it's for AMERICAN products made in AMERICA to sustain fucking AMERICAN jobs.
I've already been doing my best to avoid products that are made in China if possible. I bought a bunch of disposable masks from Armbrust, a company in Texas - $35 for a pack of 50 but I was willing to pay for it because the money is staying in the nation.
I'll gladly pay more for electronics, utilities, etc. that are made here in the US with US-made and US-founded companies. Point me in the direction and I will buy it.
I'm already out of the market. He's trying to ride the bubble as long as he can. I don't blame him because he probably understands that he can probably keep pushing it, but then you'll have to completely re-order your assets and finances.
I'm just going to keep buying metals because it's going to be harder for them to take them from me.
Never thought I'd see an article that unironically said "inflation is going up, and that's a good thing"
It's also interesting that the article conflates "inflation" and "price increases due to increased demand". Which "experts" always emphatically state is not inflation when people make the basic observation that their personal cost of living is going up faster than the official inflation numbers would suggest it ought to.
I took a few weeks off from buying gold and silver. I'm not doing that again.
You'll own nothing and you'll be happy.
You’ll own silver and you’ll be happy
You'll own silver and have to fight off hordes of communists that are accusing you of "hording wealth from the community"
Hippity-hoppity, fuck off pinkos.
Defending myself from pinkos is a natural right.
Frankly, at this point, it's a way of life.
This is by design, but is only part of the whole story.
The key factor is that the middle classes can not have access to resources like in the past. There will be a 2 part plan to accomplish this.
C taxes. These taxes are highly regressive and would kill the poor and middle classes. It will end up increasing the prices of everything by a several fold.
The C tax money will be used along with printing, as continual stimulus payments (think UBI) that will be phased depending on income level.
The result is that everyone will "earn" $200,000 (to use a round number) but it will have the purchasing power of $20,000 today. Gas and Milk will be $30/gallon, a domestic flight will be $5000. A new laptop or phone $10,000.
Then only the elites will have access to the resources, the rest (middle and lower classes today) will be part of a new permanent underclass. McMansions will fall into disrepair (no one will have $150,000 for a new roof) and current middle class lifestyle will be impossible to afford.
Edit: I'll leave what happens to retirees (unproductive elderly) an an exercise to the reader.
I believe this will be the case as well. A guaranteed income isn't always bad, Alaska has something like that with oil money, but with the people currently in power it will be nothing good.
Anything people have in cash savings will be heavily devalued, and most people will be entirely reliant on the government as an income source. This would likely come into play with a new "digital currency" as well, which wouldn't have some of the benefits that current cryptocurrencies have.
That's not how inflation works and the whole article is about inflation. Price increases due to inflation are driven by the money printer.
The only time I'm willing to pay extra for the stuff I buy is if it's for AMERICAN products made in AMERICA to sustain fucking AMERICAN jobs.
I've already been doing my best to avoid products that are made in China if possible. I bought a bunch of disposable masks from Armbrust, a company in Texas - $35 for a pack of 50 but I was willing to pay for it because the money is staying in the nation.
I'll gladly pay more for electronics, utilities, etc. that are made here in the US with US-made and US-founded companies. Point me in the direction and I will buy it.
Yeah, nope. Has to be for American-run products, that's it. Fucking hate when apps do the shit you mentioned.
Double-speak.
Hope you own something that can appreciate in value, because your savings are about to inflate away.
That's one hell of a way to spin "we printed way too many dollars and your life savings just halved in value"
I'm already out of the market. He's trying to ride the bubble as long as he can. I don't blame him because he probably understands that he can probably keep pushing it, but then you'll have to completely re-order your assets and finances.
I'm just going to keep buying metals because it's going to be harder for them to take them from me.