I think Biden doesn't think there will be more inflation.
Obviously "it's a great asset" is a sarcastic comment. But the way he says, "more inflation", and then the way he calls him stupid, makes it sound like he's dismissing the idea.
Holy shit, are the Keynesian's / Fabian's smoking their own product?
Do they think that "Inflation" just means "rising prices", or do they think that printing trillions of dollars in currency won't cause an inflation of the money supply.
If either answer is yes, then the economy really is well and truly dead.
Just looking around every day for these past two years, I cannot see how things are even functioning. Nothing seems real. Look at what is being purchased. What is being consumed. What is being produced? Is any of this sustainable?
Non-existent supply chains? Death hospitals? DEI officers?
Firing competent employees? Testing "sites"?
The laptop class? EUA injections?
When Covid first spiked, it caused massive deflationary pressures. Instead of the largest corporations taking it on the chin and going under, they deflected those pressures by getting financed from the fed with printed money, and closed the rest of the economy. Deflation hit everyone else who hadn't been building up a large savings, and the Corporatists made huge amounts of money.
That tells us what level of force they are prepared to use to protect themselves from deflation. They'll make you and everyone you know unemployed.
But there's another method to avoid the consequences of inflation and deflation. The Germans had been printing enormous amounts of money to prop up the German economy, even before the war started. But if you think about supply and demand, if you increase the money supply and prices go up, you can also increase the supply of assets to bring prices back down. The Germans figured this out during the war and basically completely looted eastern Europe of assets, that way, even though inflation was rampant (and Germany was economically isolated), the consequence of inflation was staved off by the enormous amount of cheap goods taken from everyone else at the point of a gun. But this wasn't their only strategy.
See, they also invented a special currency only to be used in occupied territories. You couldn't use them in Germany. The currency was handed out to the Germans in the occupied territories, and their soldiers. This currency was used to purchase assets, most of which were then shipped back to Germany, while the occupied people's held onto this worthless coin. Effectively, the Germans created a monetary system of theft.
On of the dangers of these virtual real-estate efforts is that it all works the same way. You give away real purchasing power, for pixels on a screen. Now, being a gamer, I'm not going to say that recreation is exploitation, but gaming like this (from microtransactions, to arcade machines, to DLC) is an excellent way to make a shit load of money from very little actual work. It's not all a scam, but it's very easy to make it one.
What they are effectively doing, and what the banks did since Keynes, is make you give the financiers literally all of your available money for them to malinvest with. The result is that, inevitably, a market correction must take place from all the malinvestment. When the correction comes, whomever is left with assets will be the beneficiary of the largest transfer of wealth in human history.
Imagine a game of musical chairs, but there's only enough chairs for 1/3 people, and there's a thousand people playing, and anyone who loses dies.
That's the gamble these psychos are making with the general population.
If you like big government, inflation isn't terrible. I should qualify. The thing that causes inflation isn't terrible. When the government prints a shitload of money, it acts as a backdoor tax. The government gets money it can use (usually give to their corrupt friends, but I digress). The cost it is inflation, but at least temporarily the government has more economic influence than they had before.
It's a tax that they don't have to pass in Congress as a tax hike. You have budget hawks in Congress that actually realize this like Rand Paul, but they are widely ignored by both parties.
I will tell you the argument that I have heard without saying I agree with it. Inflation acts as a tax that is partially born by the rest of the world, because they are forced by various means into holding US dollars and US debt.
Because when the UK Labour Party leaks were made public, they were basically making Austrian Economic arguments to each other about why Corbyn's insane Socialism wouldn't work economically. They knew better, they just lied to everyone's faces.
It's like when an economist pretends inflation is just "rising prices". No, rising prices are the effect of inflating the money supply. He knows this, he's just lying.
It's a whole different problem if he genuinely believes what he said. It's a lot worse. It means they aren't even operating in reality. If they bought into their own lies, then there's no way they can save themselves from the disaster they will plunge all of us through.
Wait... I just realized something.
I think Biden doesn't think there will be more inflation.
Obviously "it's a great asset" is a sarcastic comment. But the way he says, "more inflation", and then the way he calls him stupid, makes it sound like he's dismissing the idea.
Holy shit, are the Keynesian's / Fabian's smoking their own product?
Do they think that "Inflation" just means "rising prices", or do they think that printing trillions of dollars in currency won't cause an inflation of the money supply.
If either answer is yes, then the economy really is well and truly dead.
Just looking around every day for these past two years, I cannot see how things are even functioning. Nothing seems real. Look at what is being purchased. What is being consumed. What is being produced? Is any of this sustainable?
Non-existent supply chains? Death hospitals? DEI officers? Firing competent employees? Testing "sites"? The laptop class? EUA injections?
Just bizarre. Fake economy.
It's entirely fake.
When the collapse comes, it's taking everything with it.
That's okay, as long as we are on the outside, we'll be alright.
We are the pinecone in the fire.
Any estimated number of years for that collapse?
I have no idea at this point.
Close. Like, real close. I wouldn't say more than 10 years, but I'd expect less than 5.
Can't help but think of the whole MeTaVeRsE push and its "selling point" of V I R T U A L real estate.
We're diving headfirst into unreality like an ostrich into sand.
It's to counter deflation, I think.
When Covid first spiked, it caused massive deflationary pressures. Instead of the largest corporations taking it on the chin and going under, they deflected those pressures by getting financed from the fed with printed money, and closed the rest of the economy. Deflation hit everyone else who hadn't been building up a large savings, and the Corporatists made huge amounts of money.
That tells us what level of force they are prepared to use to protect themselves from deflation. They'll make you and everyone you know unemployed.
But there's another method to avoid the consequences of inflation and deflation. The Germans had been printing enormous amounts of money to prop up the German economy, even before the war started. But if you think about supply and demand, if you increase the money supply and prices go up, you can also increase the supply of assets to bring prices back down. The Germans figured this out during the war and basically completely looted eastern Europe of assets, that way, even though inflation was rampant (and Germany was economically isolated), the consequence of inflation was staved off by the enormous amount of cheap goods taken from everyone else at the point of a gun. But this wasn't their only strategy.
See, they also invented a special currency only to be used in occupied territories. You couldn't use them in Germany. The currency was handed out to the Germans in the occupied territories, and their soldiers. This currency was used to purchase assets, most of which were then shipped back to Germany, while the occupied people's held onto this worthless coin. Effectively, the Germans created a monetary system of theft.
On of the dangers of these virtual real-estate efforts is that it all works the same way. You give away real purchasing power, for pixels on a screen. Now, being a gamer, I'm not going to say that recreation is exploitation, but gaming like this (from microtransactions, to arcade machines, to DLC) is an excellent way to make a shit load of money from very little actual work. It's not all a scam, but it's very easy to make it one.
What they are effectively doing, and what the banks did since Keynes, is make you give the financiers literally all of your available money for them to malinvest with. The result is that, inevitably, a market correction must take place from all the malinvestment. When the correction comes, whomever is left with assets will be the beneficiary of the largest transfer of wealth in human history.
Imagine a game of musical chairs, but there's only enough chairs for 1/3 people, and there's a thousand people playing, and anyone who loses dies.
That's the gamble these psychos are making with the general population.
If you like big government, inflation isn't terrible. I should qualify. The thing that causes inflation isn't terrible. When the government prints a shitload of money, it acts as a backdoor tax. The government gets money it can use (usually give to their corrupt friends, but I digress). The cost it is inflation, but at least temporarily the government has more economic influence than they had before.
It's a tax that they don't have to pass in Congress as a tax hike. You have budget hawks in Congress that actually realize this like Rand Paul, but they are widely ignored by both parties.
Inflation is actually the more evil theft than tax, because it steals the value of your money while it sits in your pocket.
I will tell you the argument that I have heard without saying I agree with it. Inflation acts as a tax that is partially born by the rest of the world, because they are forced by various means into holding US dollars and US debt.
I think that's less about inflation, and more about the set-up of the Debt-Based Petro-dollar system.
Because when the UK Labour Party leaks were made public, they were basically making Austrian Economic arguments to each other about why Corbyn's insane Socialism wouldn't work economically. They knew better, they just lied to everyone's faces.
It's like when an economist pretends inflation is just "rising prices". No, rising prices are the effect of inflating the money supply. He knows this, he's just lying.
It's a whole different problem if he genuinely believes what he said. It's a lot worse. It means they aren't even operating in reality. If they bought into their own lies, then there's no way they can save themselves from the disaster they will plunge all of us through.
Terminal beltway shit is one thing. The slave masters setting the policy should normally be smarter than their own servants.