A post on what is maybe the most obvious thing in the world but most can’t see, ignore or don’t want to talk about.
M1 money supply in the US since the ‘60s. It’s amazing how M1 money supply predicts Russia’s invasion of Ukraine and increases six fold, two years early.
Grrrrrr, I’m so angry that Putin has caused all this inflation. Sorry, I forgot to take my ‘triggered’ pills, I’m so easily triggered these days. As Neil points out below, the area highlighted in red should read Trump/Biden.
The inevitable, and only just beginning, conclusion.
April 12th 2022
April 13th 2022
Never stop telling the people that overreacted on Covid that their shrieking has caused today’s pain. Otherwise, it will just happen all over again. They selfishly got caught up in thinking about their own mortality without thinking about the complexity of the situation and the consequences that follow.
Government loans were necessary to support low income workers who were being denied a living by the wealthy laptop class but the economy should never have shut down in the first place. Moreover, much of the printed money was fraudulently taken by the wealthy who know how to game the system. I personally have heard many stories of loans being taken out to buy second homes or other assets and this is just the small scale stuff.
And if your argument is “it was necessary to save lives” then predominantly the lives that you saved were the elderly who you trapped and scared witless in their homes or care home rooms. They eventually died anyway, because that is life and what happens when you are old, but instead of happily enjoying those extra 6 months you gave them, they were forced to be alone with maybe the occasional zoom call if they were lucky.
As I’m typing I’m thinking back to a conversation I had with a doctor friend in early March 2020. He asked me if I was worried about dying from the virus. I said that I was more worried about what this is all going to do to the economy to which he replied that I need to get my priorities right.
So here we are today, with inflation having absolutely nothing at all to do with Covid overreactions.
Or maybe I’m reading the charts wrong? What are your thoughts and predictions for inflation in the West over the next few years?
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