[Alt-Market] One of the more difficult aspects of working in economic analysis is the problem of rampant disinformation that you have to dig through in order to get to the truth of any particular issue. In this regard, economics is very similar to politics. The propaganda is endless and debunking it sometimes feels like moving a mountain with a teaspoon.
Establishment media sources lie incessantly about our financial conditions, and when they are finally cornered and forced to admit how bad things are, they then lie about the causes. That said, I find that these lies are usually designed to do one of two things: Over-complicate the problem so that people give up thinking about it, or, distract from the problem so that people blame a scapegoat.
As for inflation, here is the bottom line:
Central Banks And The Fiat Flood
Rising prices are caused by two main drivers. The first is money creation, or too many dollars chasing too few goods. Central banks around the world have been FLOODING the system with fiat currency ever since the debt crisis of 2008 and the Federal Reserve within the US is the worst violator by far. We are talking about tens of trillions (or more) in money creation, all supposedly as a means to stall or prevent a deflationary crash.
By the time the pandemic lockdowns were initiated and the Fed dropped $8 trillion+ onto the economy through stimulus measures like covid checks and PPP loans, the total US money supply was already at destructive levels. The covid stimulus was simply the straw that broke the camel’s back. So, if you want to know who is directly to blame for your daily expenses rising 30% or more in the span of three years, the first set of criminals are the central bankers.
Governments and certain corporate partners are also to blame, but the central banks are the root mechanism for all inflationary movements. It’s my belief (according to the evidence) that central banks have deliberately triggered a stagflationary crisis with the intent to forcefully replace cash based economies with a new digital and cashless global economy. However, that’s a discussion for another article... |
