Great post, thanks. Yes, this whole affair has reminded of Weimar Republic and the slippery slope to tyranny. People get upset about the F word (Fascism) but in this case of the Davos Country Club set/WEF/Bilderberg are perfect examples of the F species. Very few are fortunate enough to be prepared in any way. for this.
Had the rampant inflation, devaluation and uncontrollable printing of the mark that created the Weimar Republic fail never happened would they have been so easily persuaded by the 3R?
I think not.
I researched the economic behavior prior to 3R rise. It was rampant inflation, high unemployment and starvation that primed them. I’ve always said they created the perfect financial storm.
And those variables have been purposefully manipulated to happen once again.
I debated an economics professor on how excessive money printing would cause rampant inflation. He disagreed going for MMT -inflation disappears debt BS.
I a lowly psychologist was right on the economy. I pray I’m not right that it creates the perfect variables for an AntiChrist Political Saviour.
The real cause of inflation is shortages, not money printing per se. Lockdowns and their consequences certainly caused and contributed to numerous shortages across the global economy due to supply chain disruptions and such. And the massive money printing (and rock-bottom interest rates) that occurred did stimulate demand for goods and services at a time when supply was constrained, so the combination certainly exacerbated shortages due to the supply/demand mismatch. But neither the shortages, nor the amount of money that was printed to paper over the economic damage, would have occurred without the lockdowns first and foremost. Some disruption would have occurred regardless due to the pandemic itself, sure. And some money would have had to be printed regardless even without a lockdown. But not nearly at the levels that happened with a lockdown.
MMT, and its cousin, Monetary Sovereignty (per Rodger Malcolm Mitchell), have been widely misunderstood. It's not that infinite amounts of money can be printed with no consequences, but that the correlation between money creation and inflation is very tenuous at best, and can be easily reined in with taxes (per MMT) and/or raising interest rates (per Monetary Sovereignty). In fact, Mitchell now believes that interest rates are not the ideal way to fight inflation, but rather for the government to actively fight shortages by incentivizing production of goods and services in short supply. They can buy such goods and services at a premium and then resell them at a loss, for example.
Just my $0.02. Though with inflation, probably more than that now, lol.
Great post, thanks. Yes, this whole affair has reminded of Weimar Republic and the slippery slope to tyranny. People get upset about the F word (Fascism) but in this case of the Davos Country Club set/WEF/Bilderberg are perfect examples of the F species. Very few are fortunate enough to be prepared in any way. for this.
A question to ponder:-
Had the rampant inflation, devaluation and uncontrollable printing of the mark that created the Weimar Republic fail never happened would they have been so easily persuaded by the 3R?
I think not.
I researched the economic behavior prior to 3R rise. It was rampant inflation, high unemployment and starvation that primed them. I’ve always said they created the perfect financial storm.
And those variables have been purposefully manipulated to happen once again.
I debated an economics professor on how excessive money printing would cause rampant inflation. He disagreed going for MMT -inflation disappears debt BS.
I a lowly psychologist was right on the economy. I pray I’m not right that it creates the perfect variables for an AntiChrist Political Saviour.
The real cause of inflation is shortages, not money printing per se. Lockdowns and their consequences certainly caused and contributed to numerous shortages across the global economy due to supply chain disruptions and such. And the massive money printing (and rock-bottom interest rates) that occurred did stimulate demand for goods and services at a time when supply was constrained, so the combination certainly exacerbated shortages due to the supply/demand mismatch. But neither the shortages, nor the amount of money that was printed to paper over the economic damage, would have occurred without the lockdowns first and foremost. Some disruption would have occurred regardless due to the pandemic itself, sure. And some money would have had to be printed regardless even without a lockdown. But not nearly at the levels that happened with a lockdown.
MMT, and its cousin, Monetary Sovereignty (per Rodger Malcolm Mitchell), have been widely misunderstood. It's not that infinite amounts of money can be printed with no consequences, but that the correlation between money creation and inflation is very tenuous at best, and can be easily reined in with taxes (per MMT) and/or raising interest rates (per Monetary Sovereignty). In fact, Mitchell now believes that interest rates are not the ideal way to fight inflation, but rather for the government to actively fight shortages by incentivizing production of goods and services in short supply. They can buy such goods and services at a premium and then resell them at a loss, for example.
Just my $0.02. Though with inflation, probably more than that now, lol.