Inflation

[fschmidt]

The standard monetarist theory of inflation is that money printing causes the currency to be devalued which causes inflation. The problem with this theory as an explanation of America's current inflation is that the US dollar is strong compared to other currencies, so the dollar itself isn't devalued. America has a lot of money printing but since the dollar is the international currency, the world basically absorbs this printed money. This will continue until the dollar loses reserve currency status which will take a few years.

So then what explains America's current inflation? Since the dollar is strong, imports should be cheap. My answer is that America has become a completely dysfunctional country where it is expensive to do anything, even to transport and sell imported goods. America is dysfunctional for 2 reasons. First, the population has turned to shit, so workers are very inefficient. And second, America no longer has a free market. Instead, it is run by big business and the government. So money is made mostly through corruption instead of through serving consumers and competing on prices.

Anyone who manages to get an online business working that sells to Americans can benefit from all this. Move to a cheap country like Argentina and earn strong US dollars.

 

[ChingChongDingDong]

Infration is one of da primary causes for white peopre turn Asian.

My dick infrated dirty tree per cent. I no ronger mad, because I much ronger for my race.

 

[That Middle Aged Guy]

Yea
Inflation or not there might come a day where the bank simply isn't open. Your skills and abilities are your worth then. Thats why skills and abilities are more valueble than wealth. Owning property is a big deal in a scenario where money can't buy the things you need. Being able to defend the property is the next big deal.

And that is why I don't want the government taking my guns. Everything they do is based on the country the way they created it. But it wouldn't take but a few tactical moves to shut all that down. Now with a weaken infighting government and wars in the middle east. It's not unlikely.

 

[Golbez]

Bloomberg - Are you a robot?

https://www.nasdaq.com/articles/how-would-new-brics-currency-affect-us-dollar-updated-2024

https://thehill.com/opinion/finance/580043-the-inflation-tax-is-not-only-real-its-massive/

 

[That Middle Aged Guy]

Infration is one of da primary causes for white peopre turn Asian.

My dick infrated dirty tree per cent. I no ronger mad, because I much ronger for my race.

Ching Cong Ding Long ?

 

[MalO]

I was looking for an economics related thread to post this video. Thanks, OP. This might be tangentially related but Dr. Trimbath talks about the 2008 bailouts being a trigger point leading up to our "decade of Armageddon"



Bailing out private corporations with taxpayer money is a major contributing factor to our economic woes.

Being rich is not a virtue. People like to think the richest people are role models. That they are smarter, or worked harder, or somehow deserve what they have. That's not true. Most often they are rich because they abuse their power and are well-connected to other people who also abuse their power.

When these people run your economy, you have kakistocracy. A system of government run by the least educated and least qualified people. It's no wonder that everything collapses.

 

[ChingChongDingDong]

Rong. My wang is rong.