Inflation In Five Bullet Points
How to explain inflation to your grey mass friends that just can’t seem to understand it:
- The feds eviscerated the normal economic foundation by forcing covid lockdowns, which decimated small business (the lifeblood of the economy, making up the vast majority of business) and caused signal distortions along with economic upheaval such as goods shortages. This also caused massive worker shortages due to direct stimulus payments, mortgage/rent deferrals, and related “covid” policies. This provoked price inflation for producers and therefore, consumers.
- The feds printed unimaginable levels of USD in the past two years. It’s over 5x the previous levels of just two years ago. There was 3,993.6 Billion USD in circulation in Jan 2020. There is now 20,604.5 Billion USD in circulation in Jan 2022. This means each dollar is worth significantly less because there are more dollars. There is no sign of this stopping or slowing down.
- The sanctions against Russia have backfired on the Western world. The Russian ruble has already fully stabilized and returned to previous levels. Meanwhile, the sanctions have crippled critical worldwide economic functions, raising the prices of everything (like wheat and oil) and crashed the petrodollar and is threatening our reserve currency status. These two items (petrodollar and reserve status) have stabilized our economy and allowed our money printing in the past. Without them, the debt trap begins, which causes even more inflation.
- Domestic policy has further exacerbated #3. We continue to shut down oil pipelines, refuse to build other pipelines like Keystone, slap on bandaids like strategic oil reserve withdrawals, prioritize products like canola oil over actually needed farm goods, and related policies. These all cause the above issues to explode further.
- Our debt levels are unsustainable without the petro dollar and reserve status, which gives us the ability to print endlessly and still have some value in the USD. Since we’re losing those two due to #3, we are struggling to pay our debt. We do not have enough revenue to pay the debt and our usual budget items, which means we must print even more (since they will not cut back on spending), which means that we must inflate further to cover our debt obligations and current spending.
If this is not a controlled demolition of the economy, then we truly live under the most retarded “elites” and “experts” that have ever existed in human history.
Read Next:
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The US Dollar At Its Tipping Point
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