i don't care if we technically had hyperinflation or not. post pandemic prices are double pre-pandemic prices that's all i care about. it means that any financially illiterate people ( most poor people ) who had savings in cash had half of their savings taken from them in a matter of about 3 years as you said.
if there was any excess money printing it was to prop up the stock market that was getting hammered by the pandemic, or more precisely by lockdowns as pandemic itself didn't do any damage - only the response to it did.
but the reason for inflation was that the printed money had nowhere to go. if you print money and economy grows - you don't get inflation - you just get investment.
but when you print money while economy collapses - you get what we got.
japan has or had something called stagflation which is when you print money but economy can't grow because the population is aging and dying out.
what we got during lockdowns was similar but on steroids because REAL economy didn't just fail to respond to printing - it dwindled because people were literally not allowed to work.
and remember there was also the stuck suez ship, the blown up gas pipeline, the hacking of another pipeline and many other terrorist attacks and inside jobs by the WEF in that time.
the objective of the lockdowns was to destroy the standard of living while increasing dependence on government.
don't believe Lyn Alden - money isn't everything. you can't buy goods that don't exist. if you don't plant any food crops you will starve to death no matter how much money you have - those of us from Soviet Union understand that but Americans struggle with this.
MONEY IS A TOKEN IT DOESN'T MATTER.
what matters is whether the relevant goods are being produced or not. during lockdowns we stopped producing them.
THAT IS THE PROBLEM
THAT IS WHY PEOPLE CAN'T AFFORD ANYTHING
not the money printing
😃
money is a signal. nothing more. it isn't real.
the output of farms and factories is real.
you can't fix real problems in imaginary domain.
for example: you can't buy Palestinians their lives back once you have killed them.
damage in imaginary world of money can always be fixed in the real world. damage in the real world cannot be fixed in imaginary world.
Lyn Alden won't talk about this because it doesn't fit her "bitcoin solves this" narrative.
be better 😄
Thread collapsed
you mentioned velocity of money ...
price is ratio of money to goods ...
i propose a new concept - velocity of GOODS.
what do you suppose the velocity of goods is during a lockdown ?
and what would be the effect of it tending toward zero on prices ...
THERE YOU GO
YOU ARE VERY WELCOME
😃
( i'm running out will be back in an hour )
Thread collapsed
