While the news of bans and corresponding FUD was prevalent, there is still a sense of optimism in the air. After the dust settled post-El Salvador’s bitcoin law, the obvious next question was: Who’s next? Many assumptions have been made about it being another Latin American country. This certainly makes sense.
In retrospect, El Salvador was almost the perfect country to make this huge leap. It is a small nation that has struggled economically and doesn’t have autonomy over its currency. As a dollarized country, Salvadorans are subject to the whim of the U.S. dollar and the Federal Reserve. I’m not going to debate whether severing ties with the colón in 2001 was the right move (Alex Gladstein covered that topic well here), but I certainly think taking a step toward a Bitcoin standard was.
El Salvador, like many countries in Latin America, is often harmed by U.S. foreign policy and International Monetary Fund (IMF) intervention. The Cantillon effect created by the U.S. hurt the people of El Salvador by inflating their local currency (and any benefits accompanied by this hidden tax are not seen by Salvadorans), enacting sanctions and controlling trade policy. The IMF harms the people of El Salvador by keeping the country indebted and degrading its credit quality to ensure unfavorable terms for future loans (or even holding hostage future lending prospects).
“El Salvador bond spreads to U.S. Treasuries hit a record high on Thursday on growing investor fears the Central American nation will not reach a potential $1 billion loan agreement with the International Monetary Fund and faces negative credit implications linked to its use of bitcoin.”
–Reuters
Richard Cantillon was a 17th century merchant and banker, as well as arguably the world's first modern economist.
Cantillon Effect is not commonly taught in undergraduate economics courses.
When debt levels become too high, prudent banks have an incentive to restrict lending. This should push up interest rates, and make it attractive for borrowers to repay their debts. Which in turn should reduce spending in the economy, and lead to falling output and asset prices.
However, national governments and central banks have different ideas. Governments guarantee bank deposits in order to prevent bank runs. This inadvertently removes each bank’s incentive to act prudently. Central banks pursue “inflation at any cost” in order to oil the wheels of the credit markets. This inadvertently fuels asset bubbles and financial instability. In 2020, the Fed has galloped over the precipice, increasing its balance sheet by around $2.8 trillion over the last 5 months.
A crash, when it comes, may well be much larger and more catastrophic than might have been the case if small recessions over the decades had been allowed to run their natural course.
As a case in point, from 1975 to 2019 the average annual increase in Harvard tuition was 5.1% compared with an average inflation rate in America of 3.7%, and an average annual increase in the median household income of around 3.1%. In other words, the average worker in America has year by year slowly fallen further behind.
https://www.spencertom.com/2020/08/13/t ... on-effect/
And no they do not care about. We are being wiped out and they know the homeless rate is increases non stop now.
The body farm criminals will be in one sooner now than later. This recent recent attack on the Rus for the Orthodox is the anticrist in real time also.
The digitardians laugh at the 10 percent pullback in metal. Nice try and yes we seen the 74 percent run up you lingered in also.
Yall just got wiped clean on accounts you will not even admit also we read. Not picking on digitards just bag holder trying to seek value
or intrinsic value as they piggyback globalist warned of over decades plunges more into denial and misery. We will secure delivery when it
pulls back 10 percent maybe.
The Cantilion effect is real as they collect the border premuim and no the Taxpayer here is yet another victom to the ensueing collapse.
This leads top Jevons but you knew that.....
As it was put clearly however, the emotions in each case are familiar: anger about perceived inequality and injustice, hope that the system can be changed for the better, and a healthy dose of humour or resentment depending on whether the participants are able to laugh at misfortune or become consumed by it.
A bridge to far is here and only one alleged democrat had the balls to say enough. The Uniparty has a problem and no the calvary is not coming you criminal half wits as the tents fill.
Even as crime is surging in California, Gov. Gavin Newsom and his allies in the legislature are seeking to make it more difficult for citizens to defend themselves.
“Blue America offers to Red nothing but scorn, contempt, hatred, insult, humiliation, calumny, outsourcing, open borders, layoffs, lower wages, opioids, losing wars, censorship, trumped-up treason accusations, surveillance, anarcho-tyranny, pre-trial detention, mask mandates, lockdowns, Critical Race Theory, and cancellation. And then not only gets enraged when Red America objects, but demands Red reverence and gratitude in return.”
Financial topics
Re: Financial topics
Central American collapse as they show up for lunch money and 2000 suicide bombers headed to DC with open borders NGO cults leading the way.
As the BTC drug cults wiped out over 100000 Americans and 55 more homeless increase per day nationwide.
Brilliant plan Uniparty. Good luck. You abandoned more than you can ever admit to.
FUDdaily.net
https://www.weforum.org/about/the-fourt ... aus-schwab econ 400 reading
Further editions in Japanese, Arabic and German are forthcoming.
Advanced facts https://www.politicalislam.com/
Klaus will not make it much longer the die is already cast.
https://www.politicalislam.com/truth-ch ... -refugees/
Given the cloak of silence over it, said Professor Bielefeldt.
Its already over. Your just to stupid to survive it.
A Christian female interpreter observes this, but she is not detected as a Christian.
What she hears in the shelters, is terrifying. An article by idea editor-in-chief Daniela Städter.
The French think tank noted ---- Forgetting the wars they have been waging against one another – in Iraq, Syria and Yemen –
Turkey, Iran and Saudi Arabia, in other words the three main Muslim military powers, joined together by simple communitarian reflex.
The educated stupid here think implicit adherence to values will help them.
It will not. You “sufficiently secular.” will fall like leaves and are.
Europe’s Elite want their citizens to believe open borders and migration from Islamic countries will solve their need for a future workforce due to a shrinking population. I call their bluff. If they need workers, why not get them from the poorer parts of the EU–Romania, Bulgaria, Greece? This isn’t about guest workers. This is about the Left securing a voting block so they can be voted into office in perpetuity. Islam makes for a perfect partner in their endeavor to achieve political dominance. Both conspire to tear down society and rebuild their utopian ideal. What the Left doesn’t realize is when Islam ultimately takes power, as it tends to do, the last laugh will be on the them, just as it was with the Tudeh Party in Iran. In the end, Islam has no loyalty to Kafirs. Dr. Warner
Eighty-seven Tudeh officials caught prison sentences ranging from eight months to life; these “lucky” ones, along with hundreds of other Tudeh adherents arrested in the years to come, would later be well-represented among the victims of Iran’s 1988 slaughter of political prisoners.
Germany is finished sooner than later as the Rus undertsand what coming again as we knew.
The game theory we understood as the snow drift paradox is us surviving you fools that are now targeted as Uniparty that left us and
not the other way around. NO we are not surrendering our grandchildren to you CRT monsters who are sealed in most eternal way.
Truman was right about you dumb son of a bitches.
thread: amos
As the BTC drug cults wiped out over 100000 Americans and 55 more homeless increase per day nationwide.
Brilliant plan Uniparty. Good luck. You abandoned more than you can ever admit to.
FUDdaily.net
https://www.weforum.org/about/the-fourt ... aus-schwab econ 400 reading
Further editions in Japanese, Arabic and German are forthcoming.
Advanced facts https://www.politicalislam.com/
Klaus will not make it much longer the die is already cast.
https://www.politicalislam.com/truth-ch ... -refugees/
Given the cloak of silence over it, said Professor Bielefeldt.
Its already over. Your just to stupid to survive it.
A Christian female interpreter observes this, but she is not detected as a Christian.
What she hears in the shelters, is terrifying. An article by idea editor-in-chief Daniela Städter.
The French think tank noted ---- Forgetting the wars they have been waging against one another – in Iraq, Syria and Yemen –
Turkey, Iran and Saudi Arabia, in other words the three main Muslim military powers, joined together by simple communitarian reflex.
The educated stupid here think implicit adherence to values will help them.
It will not. You “sufficiently secular.” will fall like leaves and are.
Europe’s Elite want their citizens to believe open borders and migration from Islamic countries will solve their need for a future workforce due to a shrinking population. I call their bluff. If they need workers, why not get them from the poorer parts of the EU–Romania, Bulgaria, Greece? This isn’t about guest workers. This is about the Left securing a voting block so they can be voted into office in perpetuity. Islam makes for a perfect partner in their endeavor to achieve political dominance. Both conspire to tear down society and rebuild their utopian ideal. What the Left doesn’t realize is when Islam ultimately takes power, as it tends to do, the last laugh will be on the them, just as it was with the Tudeh Party in Iran. In the end, Islam has no loyalty to Kafirs. Dr. Warner
Eighty-seven Tudeh officials caught prison sentences ranging from eight months to life; these “lucky” ones, along with hundreds of other Tudeh adherents arrested in the years to come, would later be well-represented among the victims of Iran’s 1988 slaughter of political prisoners.
Germany is finished sooner than later as the Rus undertsand what coming again as we knew.
The game theory we understood as the snow drift paradox is us surviving you fools that are now targeted as Uniparty that left us and
not the other way around. NO we are not surrendering our grandchildren to you CRT monsters who are sealed in most eternal way.
Truman was right about you dumb son of a bitches.
thread: amos
Re: Financial topics
I highly doubt I’ll be looking back at 2022 a year from now and be writing an article about how the number of global bitcoin users actually went down since I wrote this piece. What I’ll be looking out for instead is certain dominos falling that push the rate of adoption to something we’ve never seen before. tyler
A we said simply we got no dog in this fight and sold a spac as the facts indicated only as doctor greyscale and mara poliferation of whales
and got the hell out for now also like way early with a premium. If it carves a bottum good for you since we seen the 74 percent spike like the rest of the crayons in the box. Being a CEDE and Co. we can state fund flow for reporting compliance to the revenue harvester private compliance cults disguised as Federal for the current Uniparty nuts.
The Gateway Pundit article Canada disaster shows the Holdomor Uniparty nuts are going to fire 33000 drivers like the nuts in Australia
ended shitments of grain to even feed themselves. 91 days from now the uniparty retards might figure out as Doctor Paul told the cults about
natural immunity and we will need to restock ourselves. Given the retards in charge the cannibals in the metro areas will feed in swamp also
with 2000 open border guests on the way also lead by NGO open border lunatics and yes we cited the case law allowing these half wits abusing liberty.
Individuals routinely manifesting Unyielding Stupidity relegate themselves to having their sole prominent achievement as proving the Dunning-Kruger effect.
Seventh Degree (Militant Stupidity): This by far is not only the worst level of a stupid person it is also the most dangerous.
You will figure what the other six are.
A we said simply we got no dog in this fight and sold a spac as the facts indicated only as doctor greyscale and mara poliferation of whales
and got the hell out for now also like way early with a premium. If it carves a bottum good for you since we seen the 74 percent spike like the rest of the crayons in the box. Being a CEDE and Co. we can state fund flow for reporting compliance to the revenue harvester private compliance cults disguised as Federal for the current Uniparty nuts.
The Gateway Pundit article Canada disaster shows the Holdomor Uniparty nuts are going to fire 33000 drivers like the nuts in Australia
ended shitments of grain to even feed themselves. 91 days from now the uniparty retards might figure out as Doctor Paul told the cults about
natural immunity and we will need to restock ourselves. Given the retards in charge the cannibals in the metro areas will feed in swamp also
with 2000 open border guests on the way also lead by NGO open border lunatics and yes we cited the case law allowing these half wits abusing liberty.
Individuals routinely manifesting Unyielding Stupidity relegate themselves to having their sole prominent achievement as proving the Dunning-Kruger effect.
Seventh Degree (Militant Stupidity): This by far is not only the worst level of a stupid person it is also the most dangerous.
You will figure what the other six are.
Re: Financial topics
Former intelligence chief Masimov arrested, held for “treason”
President Tokayev has blamed unrest on foreign fighters
Kyrgyz resident tells media he was paid $200 to protest
Interior ministry says 16 security officials killed and 1,300 injured
Petrol/gas stations reopen, internet services are not yet fully restored
Flights still disrupted; largest airport, Almaty, not yet fully open.
Joanna Lillis, Eurasianet, Jan 6, 2022 — Kazakhstan explainer: Who’s in, who’s out as Tokayev tries to take back control?
President Tokayev has blamed unrest on foreign fighters
Kyrgyz resident tells media he was paid $200 to protest
Interior ministry says 16 security officials killed and 1,300 injured
Petrol/gas stations reopen, internet services are not yet fully restored
Flights still disrupted; largest airport, Almaty, not yet fully open.
Joanna Lillis, Eurasianet, Jan 6, 2022 — Kazakhstan explainer: Who’s in, who’s out as Tokayev tries to take back control?
Re: Financial topics
In any case, the documented evidence is increasingly voluminous – and increasingly solid – that this outbreak originated at Fort Riley, Kansas, in the US Conspiracy theorists and historical revisionists cannot change this now.
The 1918 pandemic was quite possibly the worst the world had seen, certainly for centuries. It infected about 500 million people and killed at least 50 million worldwide. The current “official narrative” (again) is that it was caused by “an H1N1 virus that originated in birds” (which is not a ‘flu’ in any case), and its only tenuous connection with the US was that it was “first identified in the US in military personnel” in the spring of 1918. These claims appear to be false.
In a 2008 report, the US NIH admitted that most of the deaths were not from ‘the flu’ nor from any bird virus but from bacterial pneumonia.
Yes do read the forensic medical journals for the data sets also.
I wil relay only the closure of tent centers for the current issue only.
Data fragility exist and they are trying to survive the lunatics who will destoy even more skill set providers.
The class is half for what is seen needed and in other areas noted five left are gone two is not going to get much done for the demsheviks nonsense.
You think magic and marxist are going to solve it with paper.
Tyler noted the Economy's will be hit as workers with experience with knowledge die off.
And then there is the long overdue economic collapse when the US dollar loses its reserve status,
pensions go belly up and the welfare state collapses as it currently is. The digital divide is here and they cannot go outside
as the no go zone will simply disbatch them which here and also on its way sooner than later. Go ahead breath the cnn bbc and press fumes.
We just has our ass kicked also by this also. We are just seven week into recovery and my blood work was just back to baseline.
Yea the hell with all you space monkeys me included, good luck in tard land you are surrounded.
The “no-brainer” way to prevent this, she said, is to ensure that all students and teachers are masked up... lulz
[1] Bacterial Pneumonia Caused Most Deaths in 1918 Influenza. https://www.nih.gov/news-events/news-re ... a-pandemic
[2] J Infect Dis. 2008 Oct 1; 1987: 962–970. Predominant Role of Bacterial Pneumonia as a Cause of Death in Pandemic Influenza: Implications for Pandemic Influenza Preparedness David M. Morens, Jeffery K. Taubenberger, and Anthony S. Fauci. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2599911/
[3] https://www.newscientist.com/article/dn ... -pandemic/
[4] https://www.lewrockwell.com/2020/07/gar ... -pandemic/
[5] https://www.fbcoverup.com/docs/library/ ... nfect-.pdf
[6] https://fort-russ.com/2020/05/did-psych ... c-of-1918/
[7] https://www.historyofvaccines.org/conte ... panish-flu
The 1918 pandemic was quite possibly the worst the world had seen, certainly for centuries. It infected about 500 million people and killed at least 50 million worldwide. The current “official narrative” (again) is that it was caused by “an H1N1 virus that originated in birds” (which is not a ‘flu’ in any case), and its only tenuous connection with the US was that it was “first identified in the US in military personnel” in the spring of 1918. These claims appear to be false.
In a 2008 report, the US NIH admitted that most of the deaths were not from ‘the flu’ nor from any bird virus but from bacterial pneumonia.
Yes do read the forensic medical journals for the data sets also.
I wil relay only the closure of tent centers for the current issue only.
Data fragility exist and they are trying to survive the lunatics who will destoy even more skill set providers.
The class is half for what is seen needed and in other areas noted five left are gone two is not going to get much done for the demsheviks nonsense.
You think magic and marxist are going to solve it with paper.
Tyler noted the Economy's will be hit as workers with experience with knowledge die off.
And then there is the long overdue economic collapse when the US dollar loses its reserve status,
pensions go belly up and the welfare state collapses as it currently is. The digital divide is here and they cannot go outside
as the no go zone will simply disbatch them which here and also on its way sooner than later. Go ahead breath the cnn bbc and press fumes.
We just has our ass kicked also by this also. We are just seven week into recovery and my blood work was just back to baseline.
Yea the hell with all you space monkeys me included, good luck in tard land you are surrounded.
The “no-brainer” way to prevent this, she said, is to ensure that all students and teachers are masked up... lulz
[1] Bacterial Pneumonia Caused Most Deaths in 1918 Influenza. https://www.nih.gov/news-events/news-re ... a-pandemic
[2] J Infect Dis. 2008 Oct 1; 1987: 962–970. Predominant Role of Bacterial Pneumonia as a Cause of Death in Pandemic Influenza: Implications for Pandemic Influenza Preparedness David M. Morens, Jeffery K. Taubenberger, and Anthony S. Fauci. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2599911/
[3] https://www.newscientist.com/article/dn ... -pandemic/
[4] https://www.lewrockwell.com/2020/07/gar ... -pandemic/
[5] https://www.fbcoverup.com/docs/library/ ... nfect-.pdf
[6] https://fort-russ.com/2020/05/did-psych ... c-of-1918/
[7] https://www.historyofvaccines.org/conte ... panish-flu
Re: Financial topics
https://www.freightwaves.com/news/ocean ... -importers
Consumers will reject the increases and you will wish sideways was back as we seen before in the stagnation period.
Defined logistics already knew this for energy margin clusters. Yea we told you already.
Consumers will reject the increases and you will wish sideways was back as we seen before in the stagnation period.
Defined logistics already knew this for energy margin clusters. Yea we told you already.
Re: Financial topics
Hes five He read to me. Public education is a crime scene.
No clue for want of nail since 1390's.
Democrats will do anything to maintain power as we seen on the op.
Antifa power structure is known commoditity and the actual naive democrats are in peril also.
It's desperate, predictable and incredibly evil.
The ideology of conservatism is sound except for one thing. In a corrupt system, law and order are irrelevant.
You're looking at the solution from the wrong direction.
Behavioral scientists and social engineering experts know they will naplam you if you survive the invasion underway
and the record pace of those headed to a homeless cardboard box on the street underway.
Elect, relect, not you. Mid terms will anounce I was told what the ripped of bad aid already showed with the drumph bounce.
The optic is for whatever reason the person falls and bounce one time only. More than few ignored the fact He did
tell us they would go through Him to get to you and yes the veil to this depravity was we think the actual point of the Lords recent message.
I got a call for an interview. I asked why and what box of crayons did you vote for. He was silent and hung up.
I will admit one time it only took a decade for the effects noted detrimental to assert the FEZ designated area
and the action taken against the Office. Orange or Potatoe.
No clue for want of nail since 1390's.
Democrats will do anything to maintain power as we seen on the op.
Antifa power structure is known commoditity and the actual naive democrats are in peril also.
It's desperate, predictable and incredibly evil.
The ideology of conservatism is sound except for one thing. In a corrupt system, law and order are irrelevant.
You're looking at the solution from the wrong direction.
Behavioral scientists and social engineering experts know they will naplam you if you survive the invasion underway
and the record pace of those headed to a homeless cardboard box on the street underway.
Elect, relect, not you. Mid terms will anounce I was told what the ripped of bad aid already showed with the drumph bounce.
The optic is for whatever reason the person falls and bounce one time only. More than few ignored the fact He did
tell us they would go through Him to get to you and yes the veil to this depravity was we think the actual point of the Lords recent message.
I got a call for an interview. I asked why and what box of crayons did you vote for. He was silent and hung up.
I will admit one time it only took a decade for the effects noted detrimental to assert the FEZ designated area
and the action taken against the Office. Orange or Potatoe.
Re: Financial topics
62% of counties are in open rebellion with their state or federal governments as they pay full price for bioenginnered compounds and
governments donate specific batches to zones. What could go wrong with that model over three years or thirty.
Filed In Washington Would Authorize ‘Strike Force’ To ‘Involuntarily Detain’ Unvaccinated Families:
They Have Already Set Up The Internment Camps
By Alicia Powe Published January 8, 2022 at 8:20pm
French Antifa turns against french government on the wire. https://principia-scientific.com/french ... -networks/
Klaus clowns will not fare thee well in this old reality.
Dr. Reiner Fuellmich is a lawyer who has been working tirelessly at holding world governments accountable, spearheading Nuremberg 2.0.
On January 6 he gave us an update on exactly what these lawsuits are, how they differ from the original Nuremberg Trials, and where he is up to in his global efforts.
https://rumble.com/vs0lkj-dr.-reiner-fu ... pEq2iF7WNk
The real science of compounds issued will never be known. All we do know is atheletes are just simply falling over.
If you need ice for cool aid a result of these measures as well as the damage of COVID-19 itself,
U.S. unemployment is now at 14.7%, the highest rate since the Great Depression.
What number you read about employement is interesting.
governments donate specific batches to zones. What could go wrong with that model over three years or thirty.
Filed In Washington Would Authorize ‘Strike Force’ To ‘Involuntarily Detain’ Unvaccinated Families:
They Have Already Set Up The Internment Camps
By Alicia Powe Published January 8, 2022 at 8:20pm
French Antifa turns against french government on the wire. https://principia-scientific.com/french ... -networks/
Klaus clowns will not fare thee well in this old reality.
Dr. Reiner Fuellmich is a lawyer who has been working tirelessly at holding world governments accountable, spearheading Nuremberg 2.0.
On January 6 he gave us an update on exactly what these lawsuits are, how they differ from the original Nuremberg Trials, and where he is up to in his global efforts.
https://rumble.com/vs0lkj-dr.-reiner-fu ... pEq2iF7WNk
The real science of compounds issued will never be known. All we do know is atheletes are just simply falling over.
If you need ice for cool aid a result of these measures as well as the damage of COVID-19 itself,
U.S. unemployment is now at 14.7%, the highest rate since the Great Depression.
What number you read about employement is interesting.
Re: Financial topics
The researchers constructed RBT-0813,
The synthetic antibody capable of binding and neutralizing both Delta and Omicron variants.
The authors highlight that there are very few monoclonal antibodies that can successfully target both variants, and point out that despite the recent media domination of the Omicron variant, Delta remains a significant threat, and also appears to cause more severe disease. While the mechanism by which RBT-0813 neutralizes Omicron is not yet known, they suggest it is likely due to the TB202-02 arm, which binds at a different site compared to most other monoclonal antibodies. This could explain why it retains neutralization ability against the new variant.
Somebody talk to Florida. Thanks.
https://www.youtube.com/watch?v=-bHvk2hQXoY
The synthetic antibody capable of binding and neutralizing both Delta and Omicron variants.
The authors highlight that there are very few monoclonal antibodies that can successfully target both variants, and point out that despite the recent media domination of the Omicron variant, Delta remains a significant threat, and also appears to cause more severe disease. While the mechanism by which RBT-0813 neutralizes Omicron is not yet known, they suggest it is likely due to the TB202-02 arm, which binds at a different site compared to most other monoclonal antibodies. This could explain why it retains neutralization ability against the new variant.
Somebody talk to Florida. Thanks.
https://www.youtube.com/watch?v=-bHvk2hQXoY
Re: Financial topics
Once you understand that your government is shoveling shit on you daily, why would you believe.
All of the extra cash I made is nearly extinguished thanks to
1. Taxes
2. Car insurance
3. Fuel
4. Childcare
5. Mask mandates ( fuck working with a bloody mask. I feel so sorry for people who suffer with these).
We may need to get an extra car FFS!
When I could instead stay home and make a fraction of that doing part time online from home where I get to see my family.
If there's no point to working extra for a quality of life and for baby killers people are rightfully checking out.
Couple this with flat lined wages, inflation, home prices that skyrocketed, and asseholes labor has checked out.
Robots won't come fast enough to replace it. It's a boomer meme. Either labor market rates go up or businesses go under.
The unspoken agreement has been broken thanks to boomers outsourcing work and flat lining wages to 1990s levels. Inflation is now proving that unless wages rise people won't work. Period
I also say that the meme of a labor shortage is fake also. If you browse this subreddit https://www.reddit.com/r/recruitinghell/
You'll also discover that many people want to work but are being filtered out thanks to BS divercity HR sociopath handlers and low IQ recruiters.
Greenspin himself said in Congress,
"We can guarantee payment of all obligations, but not their purchasing power."
All of the extra cash I made is nearly extinguished thanks to
1. Taxes
2. Car insurance
3. Fuel
4. Childcare
5. Mask mandates ( fuck working with a bloody mask. I feel so sorry for people who suffer with these).
We may need to get an extra car FFS!
When I could instead stay home and make a fraction of that doing part time online from home where I get to see my family.
If there's no point to working extra for a quality of life and for baby killers people are rightfully checking out.
Couple this with flat lined wages, inflation, home prices that skyrocketed, and asseholes labor has checked out.
Robots won't come fast enough to replace it. It's a boomer meme. Either labor market rates go up or businesses go under.
The unspoken agreement has been broken thanks to boomers outsourcing work and flat lining wages to 1990s levels. Inflation is now proving that unless wages rise people won't work. Period
I also say that the meme of a labor shortage is fake also. If you browse this subreddit https://www.reddit.com/r/recruitinghell/
You'll also discover that many people want to work but are being filtered out thanks to BS divercity HR sociopath handlers and low IQ recruiters.
Greenspin himself said in Congress,
"We can guarantee payment of all obligations, but not their purchasing power."
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