What Is Inflation & How To Fix It
Communists love inflation
(Listen to audio version of me readingš)
Politicians and bankers want to make you think that inflation is something businesses and greedy corporations blanket the world with impoverishing us all, at their whim.
IT HAS NOTHING TO DO WITH:
Supply and demand
Evil corporations
Greedy gougers
Record profits
Climate change
Or any other blatant lie they tell you
Elites DO NOT want you coming after them, because you most certainly would if you knew who was destroying your wealth.
The politicians, elites, and the central bankers (The Federal Resevere) as we have talked about ad nauseam or in complete and total blame for the inflationary booms and busts we see.
The widening wealth gap between the rich and poor? The crushing blows of taxation and inflation? All are direct results of the central banks printing endless amounts of currency with the blessing of politicians.
It is still up for debate as to whether the politicians call the shots. I believe its really the central banks across the world that pull the stringsā¦central banks are communist by nature. It is in the manifesto from Marx. The whole point is to destroy the wealth of the people and centralize power.
There is only ONE definition of inflation and the government has changed it (like they have with the CPI and many other definitions in life) to obfuscate truth and gaslight you.
Inflation itself is purely defined as: āan expansion of the currency supply.ā
People are confusing supply and demand and moves of prices up and down.
Rising prices are merely the symptom as Mike Maloney points out.
Prices act as a sponge absorbing all of the currency thatās been spilled in to the system.
Some quotes from communists regarding inflation
This process is easily detected by anyone who is paying attention. Inflation is used simply to enrich a few and destroy the middle class. When you have the power to create currency backed by nothing its literal theft from the people.
Remember, our enemies do not want a strong middle class. This is where freedom and decentralization come from.
Hence why we have so many write ups and videos on Communism and Klaus Schwab and the current globalists.
If we understand this then we can eradicate these people who have nothing but their own power hungry intentions and we can restore freedom, abundance, and liberty not only in America, but it will sweep throughout the world.
āBy a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.ā
āBy this means the government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.ā
John Maynard Keynes, The Economic Consequences of the Peace
āThe way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.ā
Vladimir Lenin
āThe best way to destroy the capitalist system is to debauch the currency.ā
Vladimir Lenin
How the hell do we stop this madness?
Get rid of central banks
Stop printing endless currency. (Going to be hell in Earth but will be better in long run.)
Stop spending more than we have as a people and as a country.
Bitcoin (a parallel system built along side the legacy system, a life raft if you will)
Deflation
Of course, these supply-side dynamics have contributed to the current inflationary backdrop, but what youāll rarely hear these institutions admit is that this inflation is primarily caused by the rapid expansion of the federal debt financed by the Fedās printing press.
Over the past decade, the U.S. government has been spending money like no tomorrow, even running deficits in periods of economic expansion. The government's response to the pandemic simply put this trend into overdrive.
Today the massive amount of government spending is coming home to roost in the form of inflation. Policymakers now face a tough decision: Do they continue to spend and run large deficits, or do they protect everyday Americans from the harmful effects of inflation?
Avik Roy argues in this article that it is impossible for policymakers to do both, and this conundrum will lead to Bitcoin becoming increasingly important in the future.
In these times, policymakers would be wise to remember the words of economist Milton Friedman that inflation is always and everywhere a monetary phenomenon.
Tick tock next block,
Cory Klippsten
Stay strong,
Brandon
Ps. Tomorrow we will look at if bitcoin has truly been the inflation hedge it is billed as or a store of value.