We are all sitting on a bomb which will explode, one day. Price inflation is the trigger for the explosion, because it’s one thing the central banks cannot control. Has global deflation ended ? Looks like it. So STAND BY.
It is all very weird, the inflation/deflation thing.
This is a deflationary Western time . Shrinking demographics, aging (not productive, but wealthy – they sit on money unlike the child having ages who spend and produce) But the big one – Tech raising productivity so much. I just bought a $1 calculator, when I was in university 4+ decades ago a calculator with top scientific functions (basic stuff now) was about $100, now money $1000. It would be maybe $30 now, (or $3 of those time dollars). I have my fathers professional, scientific, slide ruler which he used to do fantastically complex calculations in his work – it cost him a lot of money back in the 1940s when he was in University….
If the Central Banks did not just create vast amounts money out of air we would all be destroyed by huge deflation….
But then it causes a very great numbers of unintended consequences too – mostly that the elites have their wealth double every decade, and real wages have not risen since the 1950s for working people………….
Deflation? or what we are headed to, really at now, Feudalism. The elites own most of the world – much greater imbalance in wealth than during the time of Henry VIII – ! And getting worse by the minute! The wealth the elites hold to the lower people is like the Russian Aristocrats and their Serfs. Which is fine – but this wealth gives them the power over us as the Russian Aristocrats had – and they are using it – Covid Response it completely their doing, for nefarious reasons.
Su Mac
2 years ago
The central bank version of The Great Reset is called “Going Direct”. CBDC controlled by them to control society as it falls apart during the “next crash”
William Shaw
2 years ago
Sounds like a house of cards.
John Riordan
2 years ago
We in the UK don’t only have money printing to 1/3 of the total sovereign debt mountain, we also still owe as much as half a trillion to the Eurozone in the event that it goes insolvent. We failed to get ourselves out of our part-ownership of the ECB/EIB and the associated shareholder guarantees when we effed-up the Brexit negotiations. That’s what worries me most.
We are all sitting on a bomb which will explode, one day. Price inflation is the trigger for the explosion, because it’s one thing the central banks cannot control. Has global deflation ended ? Looks like it. So STAND BY.
It is all very weird, the inflation/deflation thing.
This is a deflationary Western time . Shrinking demographics, aging (not productive, but wealthy – they sit on money unlike the child having ages who spend and produce) But the big one – Tech raising productivity so much. I just bought a $1 calculator, when I was in university 4+ decades ago a calculator with top scientific functions (basic stuff now) was about $100, now money $1000. It would be maybe $30 now, (or $3 of those time dollars). I have my fathers professional, scientific, slide ruler which he used to do fantastically complex calculations in his work – it cost him a lot of money back in the 1940s when he was in University….
If the Central Banks did not just create vast amounts money out of air we would all be destroyed by huge deflation….
But then it causes a very great numbers of unintended consequences too – mostly that the elites have their wealth double every decade, and real wages have not risen since the 1950s for working people………….
Deflation? or what we are headed to, really at now, Feudalism. The elites own most of the world – much greater imbalance in wealth than during the time of Henry VIII – ! And getting worse by the minute! The wealth the elites hold to the lower people is like the Russian Aristocrats and their Serfs. Which is fine – but this wealth gives them the power over us as the Russian Aristocrats had – and they are using it – Covid Response it completely their doing, for nefarious reasons.
The central bank version of The Great Reset is called “Going Direct”. CBDC controlled by them to control society as it falls apart during the “next crash”
Sounds like a house of cards.
We in the UK don’t only have money printing to 1/3 of the total sovereign debt mountain, we also still owe as much as half a trillion to the Eurozone in the event that it goes insolvent. We failed to get ourselves out of our part-ownership of the ECB/EIB and the associated shareholder guarantees when we effed-up the Brexit negotiations. That’s what worries me most.