The inflation started heating up last year and the US Fed kept saying that it was "transitory".
This is when I realized clearly that what I used to call economics were mere illusionists.
Since the Fed printed $6Trillion out of thin air for their scamdemic, I was expecting the inflation to skyrocket. The Secretary of Treasury (Yellen, former Fed chief) didn't see it coming until it was at 8% (at least she pretends). The Fed Chairman saw a transitory inflation until it reached 8%.
If these are the people controlling the economies of the planet (USD ~60% global central banks reserves), I'll say we're doomed.
How in the hell can the global inflation surprise any sane economist?
When Margaret Thatcher started the deindustrialization of the UK in the 80s and outsourced jobs to Asia, it was normal to see the inflation going down thanks to the Chinese cheap labor market supplying cheap products. Her policies opened up the spigot of the pan-European deindustrialization leading to more than 30 years of very low inflation in Europe and North American. The Globalization of the world economy was deflationary which makes sense.
The inflation problem started in 2017 with the MAGA (Make America Great Again) movement in the US.
Trump started the decoupling of the US economy from the China-centric supply chain. That was the beginning of the deglobalisation of the world economy. Any sane economist should have anticipated the inflation to keep rising...
The Western elites were sleeping and started waking up only on February 24th 2022 when another black swan event (UkroNazi attack) occurred to compound their misery.
Welcome to the New World Order of 22% inflation rate. It's here to stay folks. The UK and the global West are run by morons. They think that they are the masters of the universe and see themselves as Exceptional, Infallible, Superior and Indispensable. The Western world needs leaders who live on planet Earth - not delusional morons.
"If the people were to ever find out what we have done, we would be chased down the streets and lynched." - George H.W. Bush.
The above quote from an American plutocrat sums up all what you just said.
1 - Covid-19 Scamdemic
"If The People Ever Realize The Depth of the Covid Fraud No Politician Will Ever Be Safe"
https://odysee.com/@thecrowhouse:2/If-The-People-Ever-Realize-The-Depth-of-the-Covid-Fraud-No-Politician-Will-Ever-Be-Safe:5
2- Global inflation.
The inflation started heating up last year and the US Fed kept saying that it was "transitory".
This is when I realized clearly that what I used to call economics were mere illusionists.
Since the Fed printed $6Trillion out of thin air for their scamdemic, I was expecting the inflation to skyrocket. The Secretary of Treasury (Yellen, former Fed chief) didn't see it coming until it was at 8% (at least she pretends). The Fed Chairman saw a transitory inflation until it reached 8%.
If these are the people controlling the economies of the planet (USD ~60% global central banks reserves), I'll say we're doomed.
How in the hell can the global inflation surprise any sane economist?
When Margaret Thatcher started the deindustrialization of the UK in the 80s and outsourced jobs to Asia, it was normal to see the inflation going down thanks to the Chinese cheap labor market supplying cheap products. Her policies opened up the spigot of the pan-European deindustrialization leading to more than 30 years of very low inflation in Europe and North American. The Globalization of the world economy was deflationary which makes sense.
The inflation problem started in 2017 with the MAGA (Make America Great Again) movement in the US.
Trump started the decoupling of the US economy from the China-centric supply chain. That was the beginning of the deglobalisation of the world economy. Any sane economist should have anticipated the inflation to keep rising...
The Western elites were sleeping and started waking up only on February 24th 2022 when another black swan event (UkroNazi attack) occurred to compound their misery.
Welcome to the New World Order of 22% inflation rate. It's here to stay folks. The UK and the global West are run by morons. They think that they are the masters of the universe and see themselves as Exceptional, Infallible, Superior and Indispensable. The Western world needs leaders who live on planet Earth - not delusional morons.