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| Economy |
| Commodity Price Increases: ‘It's Not a Natural Cycle, Somebody Did This to Us on Purpose' |
| 2021-05-15 |
| [Breitbart] Tuesday, FNC host Tucker Carlson weighed in on the Biden administration’s reaction to the increases in prices throughout the economy, which included a gas panic due to a disruption in the Colonial Pipeline. Carlson speculated much of it had to do with economic policy and the flooding of the American economy with federal money. He likened the status quo to a "grimmer version of the 1970s." |
| Posted by:Besoeker |
| #6 The inflation is on purpose since nearly the beginning of managing such things. The inflation occurring now is desperately on purpose. The comment noting the pent up inflation is on since this was started in earnest post catastrophic financial collapse in Oct 2008 - a credit bubble popping and the subsequent and natural deflation that should have occurred would have been even more catastrophic for the powers that be, hence extreme efforts to stimulate inflation to counter it. Consider who benefits from inflation: Debtors and those with first access to the newly created money. That means large financial institutions, who will use new money to purchase assets at current prices (which will then inflate), obviously, but also large corporations that have used low rates to finance stock buy backs and many other others. However, the biggest beneficiary of drastically rising inflation is the US government for obvious reasons. First, they have the opportunity to distribute new money where they like - such as fixing certain drastically underfunded pension systems that serve large organizations integral to the powers that be's support. Second, they have run up so much debt - even before the most recent iteration - that inflating away the value of that debt is the only hope they have of surviving. Unfortunately, the price of attempting to avoid the consequences of massive credit expansion are far worse than letting that deflation happen, and are coming down the track. |
| Posted by: Charlie44 2021-05-15 13:59 |
| #5 Well, Joe Biden will be honestly able to say that he doesn't understand the process, because his cranium is 2/3 filled with fungal brain substitute.... They don't understand the process, because they don't want to understand the process. It's a natural cycle, but it's been supressed for the last fifteen years; because they went and cancelled all their contracts the first three months of the Covid, well, they can't supress it anymore. |
| Posted by: Thing From Snowy Mountain 2021-05-15 13:44 |
| #4 At least Carter didn't do it on purpose. He just didn't know any better. |
| Posted by: Abu Uluque 2021-05-15 12:27 |
| #3 It's not unnatural; there's a lot of pent-up inflation from 2010 that hasn't happened yet. Just imagine what the price of everything else would be if the price of oil went to what it was in 2008, plus three more percent for every year. |
| Posted by: Thing From Snowy Mountain 2021-05-15 12:21 |
| #2 The Great Reset is in motion |
| Posted by: DarthVader 2021-05-15 11:26 |
| #1 The road to Zimbucks. |
| Posted by: Besoeker 2021-05-15 07:18 |