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Yesterday the head of the Bank of England, Andrew Bailey, warned of a ‘very real income shock’ this year together with an ‘apocalyptic’ warning about food price inflation. He said surging inflation is going to hit household spending and cause unemployment to rise.
But don’t worry, the White House has a solution. Raise taxes on the rich. Listen to the excruciating response by the new press secretary when asked exactly how raising taxes would bring down inflation.
Phew, I didn’t think our dear leaders knew what they were doing but after that response I’m very confident inflation will be gone pretty soon.
Back in the UK, Mr Bailey said ‘the main driver of inflation…is the very big, real income shock which is coming from outside forces and, particularly, energy prices and global food prices’. He told MPs that he felt helpless to do anything about inflation.
A bit more honest about the outlook but still not addressing one of the main reasons inflation is high and will continue to be high - money printing. Globally, the money printing machines have been going BRRRRRRRR 24/7 since the pandemic started (yes, I know it wasn’t physical machines going BRRRRRRRR). I also know that economics is complicated and nuanced but sometimes a simplistic approach helps to clear things up. More money chasing the same goods (or less goods due to supply chain issues) equals inflation.
This, combined with a changing working demography, has now led to a wage-price spiral. The era of cheap labour has come to an end, more people are unemployed but not looking for work and the pandemic has encouraged older folk to retire earlier.
The wage-price spiral will now ramp up with people changing jobs for a higher salary, meaning more “money” in their pockets chasing the same goods, pushing inflation ever higher.
As always the poorest will be hit first and hardest. The higher salaries will be available to the laptop class who cowered at home during the pandemic, demanding money printing and causing the inflation in the first place. They will be ok, their salaries will rise, their assets will go up in value whilst the rest fight over the scraps.
Andrew Bailey can see this wage-price spiral coming too, so much so that the only weapon in his armoury is to beg rich people not to take pay rises. £570,000 a year Mr Bailey said high earners should ‘think and reflect’ before asking for a pay rise.
To be fair to the monetary policy men, they are now in a difficult position. Just sit back and watch as inflation destroys everyone’s living standards or raise interest rates, cause a recession and destroy everyone’s living standards. The former will increase asset prices for the rich whilst inflating away government debt so I’m guessing they will go with that option. Either way, unless your are very rich, your standard of living is going down and very soon.
However, let inflation rip too much and we have scenarios such as we are seeing in Sri Lanka and Iran. Iran are now issuing digital tokens for basic food stuffs so I can guess you can see where that might lead.
Could this have been avoided or is this just a result of kicking the can down the road in 2008? Is the financial crisis of 2019 that never was, rearing its ugly head? Did the fortunately timed pandemic stop the 2019 crisis that was looking inevitable, saving Deutsche bank in the process? Have decades of quantitative easing and corporations and governments stocking up on more and more cheap debt compounded these problems?
Or do you think, like some of the comments here suggest (Fast Eddy), that this is purely and simply down to peak oil? 8 billion people being fed by oil is no longer achievable and and this is manifesting in the financial markets.
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There is plenty of oil. What? The oil all just happened to run out the day Biden was elected?
No, it’s terrible government policies that are driving all of this.....and they are doing a lot of it on purpose. The rest is incompetence......this is exactly what you get when the left takes over......every time it is tried.
The current insanity is that they both want oil to go away for climate change reasons, yet want oil to be cheaper so we can burn more of it. Like most government thinking, nothing logical is taking place because it's about power and taking your wealth, not about you.
They only want oil to go away in order to cause inflation and shortages, most particularly food shortages, as a way to further destroy the middle class of which they hate. That is the Equity part of their ESG program. Make everyone everywhere equally poor and dependent on Government handouts except for the Aristocracy of mostly an inherited class of blue bloods who will live in obscene luxury.
Perhaps, but it seems unlikely that the most voters, the labor force for most productivity, and the biggest set of taxpayers -- the middle class -- is hated by politicians. Government has never been about equity; rarely do they even care about equality. They can't be both for equity and for making you poor to enrich the elites.
Most politicians are corrupt and abide by whatever policies the Davos gang want enforced. There are exceptions but you have seen how hard it is for the odd honest politician to even go against the nutty covid & vaccine policies no matter how insane. There is a lot of social compliance among politicians. And equality that you are talking about is not the Equity that the Davos gang is talking about. Lowering the overall standard of living of Western countries to match those of developing countries. All mainstream politicians have fully embraced that agenda.
I would suggest that the use of the federal reserve to manipulate the market, cover up failed government policy and keep the citizenry in debt went into operation about the time the Nixon admin removed the gold standard.
I concur that during the Trump admin, the presses were running well beyond reason, most likely advice from many factions of the "more gov't is better class", but I'd argue that the policy of quantitative easing started well before 2017.
There is nothing wrong with money printing especially if it is debt-free sovereign money creation. The key is that new money is injected directly to improve the infrastructure of the economy and the skills of the workforce as well as to create demand where the domestic economy has enough slack to supply that demand. What you don't want is to create immense amounts of debt money when the supply chain is already severely damaged due to a contrived plandemic and you don't want to create money just to pump up asset prices (QE for the wealthy not for the people).
No, not by himself. He had lots of help. Let’s face it, Biden and the dem Congress have borrowed and spent gobs of money that we don’t have. Yes, I know that they didn’t start it but they sure as hell shoved it into overdrive. And if Manchin hadn’t stopped them inflation would be a lot worse......
I actually think Psaki was smart and good at her job. She seemed to have absolutely no trouble lying with a straight face and making it sound like she was right. A psychopath, maybe?
Psaki was good at obfuscating and not much else. By 'smart' I meant intelligent, but I do accede that skillfully twisting words and making mush-mouth word salad can be seen as smart, but it is a skill apart from intelligence. Her 'smarmy' factor was off the charts.
If you look at Event 201, one of the sessions (don't remember which one) was about the economy.
In particular, they "discussed" the question of whether governments should use big stimulus packages to help the economy.
I'm joking of course because it really wasn't a discussion. Every panel on Event 201 was a message to policy makers about what they should do in case a pandemic were to hit us. By amazing coincidence a pandemic from a deep state funded lab controlled by the CCP did in fact hit us and was wildly promoted on the established media.
By another amazing coincidence, Event 201 was jointly organized and sponsored by Bill Gates and WEF. One of the WEF's most famous slogans is: you will own nothing and you will be happy.
With money printing and inflation, most people's assets are losing a lot of value. Soon, most of us will practically own nothing. Though I'm not sure we'll be happy.
I believe this all intentional WEF-NWO great reset 🐂-💩 w/ predictable outcomes for every policy decision being made, globally. It seems the same global lockstep is happening w/ illegal immigration, energy issues, food/fertilizer shortages, supply chain disruptions & the rest…just as happened w/ WuFlu. Governments abandoning (sacrificing) their own citizens, everywhere
We need to ban all semi automatic and fully automatic weapons of war, those machines of mass destruction, Government printing presses.
If we have to endure anymore random acts of violence by spraying more stimulus checks through our society, who could imagine the carnage and the grieving family and friends to all those lost to violent economic extremism.
As a pensioner, this can't be good. As a society, this can't be good. As an economy, this can't be good. So I am guessing we're all out of good and right smack in the middle of one of those Fall of Civilization podcasts...except it's happening to us, in real time.
In her defense, I have no idea how I would explain that tweet except by using trigger phrases and generalities. Nightmare job.
Occasionally we see glimpses of such jaw-dropping incompetence that I often have hope that some of the horrible plans and strategies will just fall apart on their own.
Sometimes it's better to say you don't know what others were thinking about the tweet and you should ask the person sending the tweet. Or tell them you'll look into it. When you ramble nonsense, you show the world (Putin included) how incompetent we are just like the poor functioning Russian military.
It's enough to look at this chart. We quadrupled M1 since 2020. It is extremely basic economy when you have more 'money' circulating then inflation will happen.
We have ideologues running the country so we should expect such outcome. The only saving grace is we can change government (in 30 months) without bloodshed.
"The wage-price spiral will now ramp up with people changing jobs for a higher salary, meaning more “money” in their pockets chasing the same goods, pushing inflation ever higher."
You were doing good until you just fell back to the same error that supply and demand are the cause of inflation, not having more new dollars than new wealth that represents its. Fiat currency is the real issue, since there's no way to match new dollars to new wealth without suffering a command economy (and have much less new wealth). A stable basis like gold did a reasonably good enough job and keeping new dollars from being printed just to buy voters and repay donors.
Sure, but supply and demand is what free market economics is all about, like pricing, it gives information and the information, even if you don't like it, isn't something you can fix.
Fixing supply and demand by central planners is the surest path to tyranny, violence and poverty.
No the real issue is a bunch of corrupt politicians who obey their instructions from the Davos Bankster Psychos like good little puppies. The inflation was deliberate. There is zero doubt about that.
Money supply is obviously a problem however it’s not the main problem which is the cost of energy. In the US, the average price of a gallon of gas is reaching $4.50. If the price were $1.50 there would be no inflation. And there would also be no need to print money so you can buy the gas.
More problems still... the cost of energy is one issue, but the cost of food another. Part of the cost of food is the rising cost of energy which makes fertilizer much more expensive, but there is also the problem of high subsidies for turning food into energy, i.e. ethanol subsidies. The cost of beef in the US in particular has gone up and up for the past two decades because huge amounts of corn is getting turned into bad gasoline, and for what? It hasn't kept the price of oil down, or even apparently done much of anything to limit demand for oil. Instead people are forced to drive less than they prefer and eat less meat than they prefer, which makes one suspicious about what the actual goals of the policy are.
In any case, pumping up the money supply at the same time as legally mandating people not go into work was always going to spike inflation. Usually we only see one side of the equation move, but increasing money while decreasing output was exceptionally bad policy. Pretty much every lever was turned to inflation.
The govt is encouraging a greater percentage of ethanol in gas which will encourage farmers to grow corn for ethanol leading to decreased food production and increased food prices. Also current shortages in fertilizer ( transportation issues, ESG regulations) will reduce food production ( as well as Ukraine war) and will result in food shortages and increased food prices. Excessive money printing is the main cause of inflation though. Energy costs are up bc oil companies are being disincentivized by excessive regulation, decrease in oil leases, and lack of financial support bc of ESG concerns.
All true. Ethanol is just one of the scams being run against us in the name of the Green Communist delusions. Most states have a corporate or union Oligarchy that takes money from taxpayers (through various forms) and funnels it back to politicians. In Wisconsin, its teachers through union dues and health insurance expenses. In Idaho its Big Ag through government funding of illegal immigrant slave labor, subsidizing their food, shelter, and healthcare. In Iowa, it is Ag and their scam is ethanol subsidies. This is the legalized raping of the middle class and the GOPe is very into it. I say inflation in our case boils down to mostly to energy because without energy, you can't even make food or get it where it needs to go (you must spend money on it). Another reason for inflation is the low interest rates, which incentivized people to cash-out refinance, thus creating massive amounts of new wealth out of thin air, and driving consumer demand. But if people didn't have to spend this money on energy (and food), they might likely save it, which would reduce inflation. So I believe we have a somewhat bigger supply side problem driving inflation (energy) as opposed to demand (too many dollars chasing to few goods).
Energy prices are important, but only represent about 15-20% of total GDP spending depending on how you slice it. A bit less than medicine most years. Some goods and services go up more than others with energy prices, but energy alone isn't the issue. Rather it is that constellation of bad policy decisions that you hint at. I say hint at because your very clear list only scratches the surface, sadly.
All those policies tend to restrict supply or subsidize demand, which drives up prices. They also tend to slow the reaction time of markets to react to price changes, making the economy less flexible and able to work around new issues. So the problems we run into last longer.
Note though that in a modern banking economy, modern in a "post 1920's" sense, saving doesn't decrease inflation unless you are literally saving cash in a box somewhere instead of putting it in the bank or buying other financial assets. Modern saving is really investment, albeit at teeny tiny rates of return. That doesn't slow down inflation, it just changes who does the spending.
You are right that part of the current inflationary mess is supply side issues, but we need to be careful to not underestimate the massive federal spending happening over the past few decades. Spending has averaged over 38% of GDP since 2008, and has gotten worse since 2019. Spending went from ~35.6% of GDP in 2019 to ~44% in 2020, and while the numbers for 2021 aren't out I doubt it was much lower given that spending was pretty flat. An increase of ~7-8% spending to GDP causing 7-10% inflation rates sounds about right from a very high level, back of the envelope sort of observation.
(Pssst: Can't comment on your Karahan Tepe post there since I'm not a paid subscriber so sneaking over here to tell you how much I enjoyed reading it; how much I appreciate that you let free subscribers get access to it; and that I hope you'll do more such posts. Just wonderful.)
A gift comes without strings. Any type of universal income that comes with strings is to be declined unless one wants further strings attached with each passing digital token.
I think Blackrock/Vanguard have owned the world too long. I think oil is unsustainable and plundering the earth and sea for oil are wrong. I think all of this has the potential to catapault is to new ways of living and using our technology that forego tokenization and harness tech in ways that operate integrity, but first we have to be willing to go through some major trials. We need to be willing to learn what it means to live symbiotically rather than parasitically with the earth and with one another in order to say fuck no to digital ID and technocracy until we can GET leadership of integrity.
I got hung up on how that pen-troll looking girl just kept shuffling her papers around in a clearly dismissive manner, as if saying "I hear you, you don't count, and now I'm going to rattle off talking points from my script here".
And the she just read from a pice of paper. In my class, that's a failing grade in public speaking.
And she is what, press secretary and spokesperson for the US president? How can someone so inept be anything than a quota filler?
As for inflation, what the rich elites now fear the most is nationalism surging through Europe wrecking the Festung Europa the EU-commission is bulind right now. Because no one minds someone making it rich while developing a busienss what keeps his fellow countrymen paid and fed - but we do mind fat cats moving production to Whereveristan, and the charging us a mint for the same goods but of a tenth the quality (seriously, have you seen how brittle the chinese 'alloys' are?), all the while telling us we must shut up, grin and bear it and not make demands because then we cause inflation.
Hang the capitalists with the guts of the globalist politicians! Communist or corporate monopoly is the same sh*t for the self-employed just trying to get by.
There is plenty of oil. What? The oil all just happened to run out the day Biden was elected?
No, it’s terrible government policies that are driving all of this.....and they are doing a lot of it on purpose. The rest is incompetence......this is exactly what you get when the left takes over......every time it is tried.
The current insanity is that they both want oil to go away for climate change reasons, yet want oil to be cheaper so we can burn more of it. Like most government thinking, nothing logical is taking place because it's about power and taking your wealth, not about you.
They only want oil to go away in order to cause inflation and shortages, most particularly food shortages, as a way to further destroy the middle class of which they hate. That is the Equity part of their ESG program. Make everyone everywhere equally poor and dependent on Government handouts except for the Aristocracy of mostly an inherited class of blue bloods who will live in obscene luxury.
Perhaps, but it seems unlikely that the most voters, the labor force for most productivity, and the biggest set of taxpayers -- the middle class -- is hated by politicians. Government has never been about equity; rarely do they even care about equality. They can't be both for equity and for making you poor to enrich the elites.
Most politicians are corrupt and abide by whatever policies the Davos gang want enforced. There are exceptions but you have seen how hard it is for the odd honest politician to even go against the nutty covid & vaccine policies no matter how insane. There is a lot of social compliance among politicians. And equality that you are talking about is not the Equity that the Davos gang is talking about. Lowering the overall standard of living of Western countries to match those of developing countries. All mainstream politicians have fully embraced that agenda.
I don't think you can blame it just on Biden
Can you elaborate? Or is it the establishment government uniparty that you are referring to?
Money printing started with Trump and continued with Biden
Money printing followed the GFC of 2008 . . . so started under George W Bush.
I would suggest that the use of the federal reserve to manipulate the market, cover up failed government policy and keep the citizenry in debt went into operation about the time the Nixon admin removed the gold standard.
I concur that during the Trump admin, the presses were running well beyond reason, most likely advice from many factions of the "more gov't is better class", but I'd argue that the policy of quantitative easing started well before 2017.
Definitely
There is nothing wrong with money printing especially if it is debt-free sovereign money creation. The key is that new money is injected directly to improve the infrastructure of the economy and the skills of the workforce as well as to create demand where the domestic economy has enough slack to supply that demand. What you don't want is to create immense amounts of debt money when the supply chain is already severely damaged due to a contrived plandemic and you don't want to create money just to pump up asset prices (QE for the wealthy not for the people).
No, not by himself. He had lots of help. Let’s face it, Biden and the dem Congress have borrowed and spent gobs of money that we don’t have. Yes, I know that they didn’t start it but they sure as hell shoved it into overdrive. And if Manchin hadn’t stopped them inflation would be a lot worse......
And the problem is not peak oil, the problem is peak communist stupidity
She makes Jen Psaki look smart.
I actually think Psaki was smart and good at her job. She seemed to have absolutely no trouble lying with a straight face and making it sound like she was right. A psychopath, maybe?
Psaki was good at obfuscating and not much else. By 'smart' I meant intelligent, but I do accede that skillfully twisting words and making mush-mouth word salad can be seen as smart, but it is a skill apart from intelligence. Her 'smarmy' factor was off the charts.
Psychopaths have great trouble being consistent, apart the whole impulse control thing, so probably no. Egotist and egocentric, maybe.
Guess the Biden White House doesn't have a Karl Rove.
If you look at Event 201, one of the sessions (don't remember which one) was about the economy.
In particular, they "discussed" the question of whether governments should use big stimulus packages to help the economy.
I'm joking of course because it really wasn't a discussion. Every panel on Event 201 was a message to policy makers about what they should do in case a pandemic were to hit us. By amazing coincidence a pandemic from a deep state funded lab controlled by the CCP did in fact hit us and was wildly promoted on the established media.
By another amazing coincidence, Event 201 was jointly organized and sponsored by Bill Gates and WEF. One of the WEF's most famous slogans is: you will own nothing and you will be happy.
With money printing and inflation, most people's assets are losing a lot of value. Soon, most of us will practically own nothing. Though I'm not sure we'll be happy.
I believe this all intentional WEF-NWO great reset 🐂-💩 w/ predictable outcomes for every policy decision being made, globally. It seems the same global lockstep is happening w/ illegal immigration, energy issues, food/fertilizer shortages, supply chain disruptions & the rest…just as happened w/ WuFlu. Governments abandoning (sacrificing) their own citizens, everywhere
Britain is literally sitting on coal and oil . . . and yet we need to virtue signal about "zero carbon" to countries that do not care.
We need to ban all semi automatic and fully automatic weapons of war, those machines of mass destruction, Government printing presses.
If we have to endure anymore random acts of violence by spraying more stimulus checks through our society, who could imagine the carnage and the grieving family and friends to all those lost to violent economic extremism.
/sarcasm off.....
As a pensioner, this can't be good. As a society, this can't be good. As an economy, this can't be good. So I am guessing we're all out of good and right smack in the middle of one of those Fall of Civilization podcasts...except it's happening to us, in real time.
Yikes. That's embarrassing.
In her defense, I have no idea how I would explain that tweet except by using trigger phrases and generalities. Nightmare job.
Occasionally we see glimpses of such jaw-dropping incompetence that I often have hope that some of the horrible plans and strategies will just fall apart on their own.
Sometimes it's better to say you don't know what others were thinking about the tweet and you should ask the person sending the tweet. Or tell them you'll look into it. When you ramble nonsense, you show the world (Putin included) how incompetent we are just like the poor functioning Russian military.
Rambling and trying but failing to read from the wrong page
All there is , is a cluster of puppets in this administration.
https://tradingeconomics.com/united-states/money-supply-m1
It's enough to look at this chart. We quadrupled M1 since 2020. It is extremely basic economy when you have more 'money' circulating then inflation will happen.
We have ideologues running the country so we should expect such outcome. The only saving grace is we can change government (in 30 months) without bloodshed.
Hopefully, but don't be too sure. Guaranteed they will try to subvert the elections, anyone who doesn't believe that is a fool.
"The wage-price spiral will now ramp up with people changing jobs for a higher salary, meaning more “money” in their pockets chasing the same goods, pushing inflation ever higher."
You were doing good until you just fell back to the same error that supply and demand are the cause of inflation, not having more new dollars than new wealth that represents its. Fiat currency is the real issue, since there's no way to match new dollars to new wealth without suffering a command economy (and have much less new wealth). A stable basis like gold did a reasonably good enough job and keeping new dollars from being printed just to buy voters and repay donors.
Of course fiat is the ultimate reason but supply and demand within a fiat system cause further problems
Sure, but supply and demand is what free market economics is all about, like pricing, it gives information and the information, even if you don't like it, isn't something you can fix.
Fixing supply and demand by central planners is the surest path to tyranny, violence and poverty.
No the real issue is a bunch of corrupt politicians who obey their instructions from the Davos Bankster Psychos like good little puppies. The inflation was deliberate. There is zero doubt about that.
Amazing! The new spox talks just like her boss! Does she also have dementia?
Stop inflation by making speculation on commodities taxed high, like they should have done ages ago with stocks , transaction tax.
Computers are driving prices up by cheap money flooding into financial institutions that use it to game the market
Money supply is obviously a problem however it’s not the main problem which is the cost of energy. In the US, the average price of a gallon of gas is reaching $4.50. If the price were $1.50 there would be no inflation. And there would also be no need to print money so you can buy the gas.
More problems still... the cost of energy is one issue, but the cost of food another. Part of the cost of food is the rising cost of energy which makes fertilizer much more expensive, but there is also the problem of high subsidies for turning food into energy, i.e. ethanol subsidies. The cost of beef in the US in particular has gone up and up for the past two decades because huge amounts of corn is getting turned into bad gasoline, and for what? It hasn't kept the price of oil down, or even apparently done much of anything to limit demand for oil. Instead people are forced to drive less than they prefer and eat less meat than they prefer, which makes one suspicious about what the actual goals of the policy are.
In any case, pumping up the money supply at the same time as legally mandating people not go into work was always going to spike inflation. Usually we only see one side of the equation move, but increasing money while decreasing output was exceptionally bad policy. Pretty much every lever was turned to inflation.
The govt is encouraging a greater percentage of ethanol in gas which will encourage farmers to grow corn for ethanol leading to decreased food production and increased food prices. Also current shortages in fertilizer ( transportation issues, ESG regulations) will reduce food production ( as well as Ukraine war) and will result in food shortages and increased food prices. Excessive money printing is the main cause of inflation though. Energy costs are up bc oil companies are being disincentivized by excessive regulation, decrease in oil leases, and lack of financial support bc of ESG concerns.
Money printing while curtailing supply with a contrived pandemic and idiotic policies of business closures and lockdowns.
All true. Ethanol is just one of the scams being run against us in the name of the Green Communist delusions. Most states have a corporate or union Oligarchy that takes money from taxpayers (through various forms) and funnels it back to politicians. In Wisconsin, its teachers through union dues and health insurance expenses. In Idaho its Big Ag through government funding of illegal immigrant slave labor, subsidizing their food, shelter, and healthcare. In Iowa, it is Ag and their scam is ethanol subsidies. This is the legalized raping of the middle class and the GOPe is very into it. I say inflation in our case boils down to mostly to energy because without energy, you can't even make food or get it where it needs to go (you must spend money on it). Another reason for inflation is the low interest rates, which incentivized people to cash-out refinance, thus creating massive amounts of new wealth out of thin air, and driving consumer demand. But if people didn't have to spend this money on energy (and food), they might likely save it, which would reduce inflation. So I believe we have a somewhat bigger supply side problem driving inflation (energy) as opposed to demand (too many dollars chasing to few goods).
Well... kind of.
Energy prices are important, but only represent about 15-20% of total GDP spending depending on how you slice it. A bit less than medicine most years. Some goods and services go up more than others with energy prices, but energy alone isn't the issue. Rather it is that constellation of bad policy decisions that you hint at. I say hint at because your very clear list only scratches the surface, sadly.
All those policies tend to restrict supply or subsidize demand, which drives up prices. They also tend to slow the reaction time of markets to react to price changes, making the economy less flexible and able to work around new issues. So the problems we run into last longer.
Note though that in a modern banking economy, modern in a "post 1920's" sense, saving doesn't decrease inflation unless you are literally saving cash in a box somewhere instead of putting it in the bank or buying other financial assets. Modern saving is really investment, albeit at teeny tiny rates of return. That doesn't slow down inflation, it just changes who does the spending.
You are right that part of the current inflationary mess is supply side issues, but we need to be careful to not underestimate the massive federal spending happening over the past few decades. Spending has averaged over 38% of GDP since 2008, and has gotten worse since 2019. Spending went from ~35.6% of GDP in 2019 to ~44% in 2020, and while the numbers for 2021 aren't out I doubt it was much lower given that spending was pretty flat. An increase of ~7-8% spending to GDP causing 7-10% inflation rates sounds about right from a very high level, back of the envelope sort of observation.
off with their heads!
And ovaries and testicles so they can’t reproduce
these baby murderers and gender confused people will end themselves soon enough
🫣
Forgive me but I couldn’t help myself
(Pssst: Can't comment on your Karahan Tepe post there since I'm not a paid subscriber so sneaking over here to tell you how much I enjoyed reading it; how much I appreciate that you let free subscribers get access to it; and that I hope you'll do more such posts. Just wonderful.)
If those at the top wanted to feed the world, they would just do it.
A gift comes without strings. Any type of universal income that comes with strings is to be declined unless one wants further strings attached with each passing digital token.
I think Blackrock/Vanguard have owned the world too long. I think oil is unsustainable and plundering the earth and sea for oil are wrong. I think all of this has the potential to catapault is to new ways of living and using our technology that forego tokenization and harness tech in ways that operate integrity, but first we have to be willing to go through some major trials. We need to be willing to learn what it means to live symbiotically rather than parasitically with the earth and with one another in order to say fuck no to digital ID and technocracy until we can GET leadership of integrity.
https://www.youtube.com/watch?v=EQYNhJ6lM-w
I got hung up on how that pen-troll looking girl just kept shuffling her papers around in a clearly dismissive manner, as if saying "I hear you, you don't count, and now I'm going to rattle off talking points from my script here".
And the she just read from a pice of paper. In my class, that's a failing grade in public speaking.
And she is what, press secretary and spokesperson for the US president? How can someone so inept be anything than a quota filler?
As for inflation, what the rich elites now fear the most is nationalism surging through Europe wrecking the Festung Europa the EU-commission is bulind right now. Because no one minds someone making it rich while developing a busienss what keeps his fellow countrymen paid and fed - but we do mind fat cats moving production to Whereveristan, and the charging us a mint for the same goods but of a tenth the quality (seriously, have you seen how brittle the chinese 'alloys' are?), all the while telling us we must shut up, grin and bear it and not make demands because then we cause inflation.
Hang the capitalists with the guts of the globalist politicians! Communist or corporate monopoly is the same sh*t for the self-employed just trying to get by.
Who knew hiring someone based on their skin tone and sexual preference would lead to a poor choice?