CM-15 – Get Poor Quickly ... Thru Inflation (Chaos Monitaur)
The party’s over. The glory days of easy money are gone, the economy is stagnant at best, and deflation has set in. Nobody’s having any fun, and nobody’s getting rich. (note: This “nobody” does not include the 1%, since they are not real people. ‘Nuff said.)
If only we had more money. Wouldn’t it be great if our fearful leaders just printed more money and handed it out?
Reality check! They have been printing money, with abandon. Over the 6-year period from November 2008 to October 2014, the US Federal Reserve alone went on three frenzied money-printing sprees. These programs were known euphemistically as Quantitative Easing programs (QE). (And to pile euphemism upon euphemism, these programs were also referred to as “expansionary monetary policy” or simply “bond-purchase programs.”)
We Need Money. Let’s Print!
Printing money results in inflation. Debtors love inflation, because it makes the debt easier to pay off. Essentially, what the Fed tried to do is to cause inflation. However, with the stagnant economy pulling the country toward deflation, they never got much inflation. The Fed’s objective was 2% price inflation, but it could not achieve even that low target.
(Interestingly, each time QE1, QE2, and QE3 were abandoned, the Bank of Japan and the European Central Bank stepped in and carried out their own “easing” programs. But even these concerted, valiant, global efforts to make us poor, SORRY, to get us out of the deflationary funk failed, utterly. Not for lack of trying, of course.)
So, we’re still stuck with no reason to party. The recession is causing deflation, but the money-printers are causing inflation. It’s a relatively stable situation, but one fraught with tension. Ever increasing tension, to say the least.
Noted Commentator Zim Offers His Insights
So, which side will prevail? Will we get more deflation or more inflation? Nobody knows for sure. However, Chaos Monitaur has a reliable source (some guy called Zim Bobway), and he has warned us that the probable result is neither inflation nor deflation. We’ll most likely get hyperinflation.
He added that we’ll most likely get poor. Very poor, very quickly.
(Further Reading, Source Article) – Jim Rickards, Prepare for Inflation and Deflation ... https://dailyreckoning.com/prepared-inflation-deflation/
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