Against Greg Man's 'sure thing' late 1979 like, stagflation (1)
And in a massive way the FED is making us beg for to keep the so called
gravy train (of really a train wreck happening), going.
Which I think is most likely the case, becasue the elites of the world, ie the
strongmen at central banks, banksters/big brokerages in general, and
big corporations, all of which run the world.
Just can't and won’t
give up the opportunity of the riches of inflation and then to buy up the
world after stagflation's giant inflation (ie interest rates kept below rising
inflation rates) collapses.
And then buy up
the crashed prices and world further because of that, with the riches they
made.
[As aside, this article explains how it reversed from the opposite of them
dominating at the end of the US civil war, till 250 years later are back on top
with a new mercantilism like world of king central banks (the Fed the kingliest),
new monarchial communism command world system (with the help of covid-19
and shut down covering up who’s responsible for the world depression – well
are in both cases of pre (covid-19) that way depression tending, and after
covid-19’s release, depression type) , and rich robber baron class consisting
of the corporations of the world, just slightly below the king central banks, the
FED first of all, So if you like monarchy communism, whether semites marx
or semites' jesus, you got it again (the two parties of the US competing with
each other what type it will be) you got it again.
https://reclaimdemocracy.org/corporate-accountability-history-corporations-us/ ]
(2)
Repeating the title of this post, 'Against Greg Man's sure thing 1979 stag-
flation'
is
Charles Hugh Smith who is no slouch either.
ie
From
‘Too Busy Frontrunning Inflation, Nobody Sees
the Deflationary Tsunami’ (me - No, I think many see that)
https://oftwominds.com/blog.html "You know the Great Reflation Trade - the world has
saved up trillions, governments are spending
trillions, it's going to be the greatest boom since
the stone masons partied at the Great Pyramid in
Giza. It's so obvious that everyone has jumped in
the water to scoop up all the free fish (i.e. stock
market gains). Only an idiot would hesitate to
frontrun the Great Reflation's guaranteed inflation.
Unless, of course, what we really have is a tale
of reflation, told by an idiot, full of sound and
fury, signifying nothing. Everyone frolicking in
the shallows scooping up the obvious, easy,
guaranteed gains is so busy frontrunning inflation
that nobody sees the tsunami rushing in to extinguish
the short-sighted frolickers. ( When Does This
Travesty of a Mockery of a Sham Finally Implode?
3/3/21)
Gordon Long and I discuss The Deflationary Tsunami
racing toward the frolickers in a new video program.
It's not that there aren't inflationary dynamics
in play; there are. The issue is that not all the dynamics
in play are inflationary, and the deflationary dynamics
have been building for the past two decades.
Funny things happen when we substitute debt for
earnings and speculation for productive investment.
That's what America has done for the past two
decades: as wages stagnated for the bottom 95%,
we've inflated speculative bubbles in everything
to generate the illusion that we have "wealth"
that we can borrow against, and then use all that
"free money" (free fish!) to consume and speculate
in all the shallow safe waters created by interest
rates falling decade after decade, making it ever
cheaper to borrow, buy and blow speculative bubbles."