Inflation is YOUR Fault
(archive.md)
Comments (14)
sorted by:
Literally carrying water for the 1%.
The vast majority of recent inflation occurred before any wage increases, so it is literally impossible for the latter to have caused the former.
The obvious truth is that recent inflation was driven almost entirely by two factors:
printing money for pandemic relief, massively increasing the money supply, which is only possible with fiat currency
green new deal policies massively increasing energy costs, which increases all production and distribution costs
Labor costs have risen in response to inflation and costs as workers realize they deserve more money in a market that has seen both a 30% increase in total monetary supply as well as a corresponding increase in prices.
The elites are desperate to obscure the true catalysts for inflation because:
the 1% don’t want the plebs to realize that their savings can be indirectly stolen and redistributed - mostly back to the 1% - via the creation of fiat currency
the green new deal, alongside muh climate change, is a scam designed to siphon off what little wealth remains in the hands of the middle class
If rising wages were actually responsible for inflation, then raising rates would quickly solve the problem. It isn’t working because the actual causes of inflation are being systematically denied by the ones who perpetrated it.
Reminder: inflation, as measured and reported by our governments, is a fraudulent and manipulative metric designed to mislead the public. It doesn’t matter how cheap televisions become if no one can afford rent or food.
Don't forget the billions for munitions used in the Ukraine and Israel Wars.
To be fair, I also think it's unfair to blame Joe Biden for inflation. Mainly because the only things he can inflate these days are his diapers.
They have no one feasible to replace him with. They'll run him for reelection, do everything they can to cheat their way back into the White House, and then force him out in 25 and backdoor Kamala in.
I guess you missed Biden's tweet about how inflation is totally going down and those greeeeeeedy businesses should lower their prices now, only to get community noted for not understanding how fucking percentages work.
If he's going to take credit for "lowering" inflation, he better take the blame for raising it.
Trump authorized the shutdowns and massive money printing that caused it. Like him or not, it's true.
The left could always run with that and call it "Trump's inflation" but they endorse that fiscal policy so they won't.
Even my Trump-hating libshit brother thought the stimmies were a good idea. When I told him it was going to be inflationary, he said, "Or what, let people suffer?!"
Of course, now that his property taxes, insurance, and power bill skyrocketed, he doesn't like to talk about it anymore.
To be fair, a major part of Trump's plan was investing in the government own long-term stimulus via infrastructure and development, so that the economy would catch up to the money printing after a shorter while. This would have caused a little spike in inflation followed by sustained growth. It was smart. Basically taking out a loan to expand a business with an expected payback in the future.
The Dems stymied and shitcanned every part except the money printer and went hog wild.
Not to mention every metric indicates people ARE spending less.
Non-essential goods and entertainment are way down.
This is just them trying to set the stage to defang the biggest threat to Ol' Joe winning next year. Because you can write all the narratives you want about overseas wars and the border and random "issues" to get the normies agreeing with you.
But inflation is felt by everyone and it hits hard. And they know it will absolutely be the biggest weapon wielded against them for the entire election. So they are setting the stage now to say "its not happening, if it did its not our fault, and its probably a good thing anyway."
The only reason why the CPI (a.k.a. the CPLie) went down during 2023 is because energy prices are being manipulated down, whether it's dumping oil from the Strategic Petroleum Reserve or shorting shenanigans in the futures market. All other categories are still rising.
However, the SPR has a finite supply, unlike OPEC who can simply plug their wells and wait out the storm.