Generational theory, international history and current events
http://gdxforum.com/forum/
You are playing by their rules. If you had sound money and saving as well as virtue was incented, most of your statements would be irrelevant. I know that their rules are currently running things, but the "change" to new rules could finally destroy the elitist power structure in a good way - they are the ones that will cause the fear and pain in the attempt to do so - and are doing that precisely as we speak.FS1961 wrote: ↑Tue Nov 02, 2021 5:10 amHe is historically correct about inflation; what people dread as negative repercussions are the ones that deflation really delivers, and we are on our way there in many respects. In that sense, the pandemic has been a gift, and the reaction to climate change will be our most effective investment since WWIII. Because money cannot stop activity, the Gini coefficient is lowered in an inflationary environment, even if it is severe. Wages cannot be maintained indefinitely because riots would erupt, and hence growth mechanisms are being put in place. That is why the FED wants to inflate its way out of difficulties; they will never acknowledge it, not even under torture, but they hope in some Seventies drama. Hyperinflation occurs in a closed setting in which a country is compelled not to contact with outsiders (Germany or Venezuela for example). But enjoy the journey. Hope for some change and a roller-coaster ride from the 1970s. That will save your life. If we fail, we'll end ourselves in a Japanese drama from the 1990s, and it'll be very, really horrible.