But that whole system is also why deleveraging pressures for deflation can easily dominate all inflationary pressures. Deleveraging is the most powerful force in the system. If you cannot pump debt forever, and the debt even slows down, then deflation and not inflation is the threat.
You might also want to consider that the biggest economic force in recent history, the Baby Boom Generation, is slowing its spending as it retires. Millennials haven't taken over the reins just yet. There goes your velocity.
Recent inflation data would argue against that supposition. Forced purchasing through devaluation isn't an accident. Inflation isn't an aberration, it's a proposed product of the monetary system.
The stock market and the commentators may lie, but the bond market is the most reliable indicator of truth, and the bond market doesn't believe in meaningful inflation right now.
Trump has been unequivocally pro-vax since Day 1, so I dunno what you mean by "now says"
The bond market is the same as any market. It depends on supply and demand. When the central banks prints 120 billion dollars a months to buy up supply in the bond market it has a enormous "artificial" effect on prices. It's called "displacement" of yield and price.
It's proposed in the sense that the Fed/government is trying to inflate away the debt much as they did in the late 70's/early 80's. The problem is at that time the government financed its debt with 30 year Treasury bonds and had nowhere near the debt to gdp ratio we have now. Now they're forced to finance with short term Treasury bills. Raising interest rates is going to hammer the government if they try to control inflation. It's political suicide to not try to control it.
Gold has been among the worst investments anyone could make for the last 6000 years. The amount of labor it takes to get an ounce barely changes over centuries. It is not a currency and really sucks at being one.
Once you realize that money, people, and the value of goods and services are subjective, and when you can tell the difference between you, the one pulling the plow, vs those that "own" the means of production and the power "to price" what we are sold, as things of value, the you can free yourself from their suffocating life destroying python grip.
That's great Obi-wan but people still have to eat. By the way I earned a pension and walked away. I'd rather live poor than spend my life chasing my tail to make others wealthier. But my wife needs a roof over her head after I'm gone. So I'm going to live cheap as possible in Latin America while I save to pay off the mortgage. I'm perfectly content reading, walking, and living minimally.
The degree of printing vs the degree of debt expansion, public and private, is where your focus should be. Yes, what the Fed has done is important but what's really more important is the system of debt they have underwritten and caused to expand beyond its carrying capacity.
Carter was the last President that did not push for lower rates.
History repeat itself when we don't learn. What is it that we should have learned is the real question.
LMFAO
What kind of ignorant fool listens to anything Fauci says at this point?
Why do smart people scare you MAGA folks so badly?
