I heard an alarming stat today. 34% of total American’s income comes from gov’t transfer payments. This was 7% back in the 50s and 60s.
Yes, the price of everything will (has) risen. Conversely, the value of any savings will decline. Not that I expect official increase in the rate of inflation.
Gas prices expected to rise sharply. Several reasons but one of the biggest is there will be a shortage of fuel. Not because it doesn’t exist but because there are not enough truck drivers to haul it.
For what its worth, the rabid brigade are also after menthol cigarettes and flavored cigars, but the screaming ninnies have run into a showdown - the above are very enjoyed by the African American population according to the ACLU.
i agree with this. I also know that this has been an endlessly repeating pattern dating back centuries. According to that great work on the Roman empire’s decline, excessive inflation and heavy taxation immediately preceded the collapse.
In Europe during the 15th &16th centuries there were finance merchants who would move into a region, lend money including to rulers, and thus take control of policy. Defaults were built into their system and they seized property. Essentially they bled the region until a revolt rose up and they would be driven out of town. They simply moved on and started it all up again.
Many factors have contributed to the present declines. The shutdowns and fiat money giveaways are just the latest in the long piling on.
I’ve seen that too. I think I also saw that they are popular with those who have mental health issues, but I could be mistaken there.
No matter to these defenders of public health! This is all for our own good!
One of the starkest examples is the fall of the Wiemar Republic formed by the Treaty Of Versailles at the end of WWI. Hyperinflation, civil unrest, clashing economic systems - that did not work out well for either Germany or for the world.
The list of things not consumer in the CPI is astounding, just about everything a consumer buys on a regular basis.
Yes. We need to see past these events in terms of politics. I’ve read compelling arguments that those “vagabond financiers” who kept bleeding off wealth and resources would routinely fund both sides of any war. They eventually set up offices and morphed into the banking industry.
The argument goes further to assert that economic collapses of the past (and present) were intentional. During the rebuilds, they set the rules, the money system — basically took over.
Be Republican. Be Democrat. Be whatever you like. Corruption will happen and nothing will get done by anyone because the real power is in the purse strings. Find out who holds those and you will know who you are really being ruled by.
Yes. The transition was so smooth I didn't even notice. I asked the same question a couple of days ago.
That happened QUICK. BUT glad I was still able to see posts..
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