Those who sounded the alarm Before the injections were made available were right. I think everyone who received the injection will die from it, certainly not a peaceful natural death. Those stock prices ought to be below zero. As the bodies pile up, all financial investments will collapse methinks (Gold will be thrown out on to the streets sort of deal).
My simple explanation of inflation is an increase in the money supply without a corresponding balance, like an increase in production or a buyer of the debt, the many supply and demand equations, along with other stacked minor regional influences.
Usually the magazine "Private Eye" runs with stories such as the mRNA injections scandal and the MSM finally wakes up 2 years later (ie the disgusting treatment of Postmasters). In this case, Private Eye seems to be following the BBC and government line and has also turned against GBNews. Why? Sadly, in time honoured tradition, I have cancelled my subscription.
Yes I saw that Bert, but they have a long way to go to change the ruling ZanuPF lot - they are well entrenched. This is their flagging a new digital currency which the global south are developing. So far this pseudo money is not working anywhere - the dollar remains supreme for now.
This will be interesting to watch. The dollar is still top dog, for now. Great link with that post.
I still believe in the gold standard and that putting the dollar on it incrementally would be a good move. Just one of my personal economic wet dreams.
Of course you are right Bert. Any financial system which allows unrestricted money supply increase has to fail at one point or another - we can't fool physics. However, the model of allowing credit to increase to match increased productivity, in place for 200 years, worked because oil (the most energy concentrate of all time) fuelled economic expansion over the period and increased complexity.
Now, because of EROEI, (almost free energy) has reached it's limit and we are seeing the collapse of complexity into a smaller, less complex, and simpler model where a sound money system based on a commodity (gold/fossil fuels in limited supply) which cannot be artificially increased will be the answer for the New Emergent Economy which I described in my book at Chapter 13 and summarised in this article (which i think I have already linked): https://austrianpeter.substack.com/p/the-financial-jigsaw-part-2-the-end?s=w
Yes, thanks Bert, I just read this (I subscribe to Mish) and it's a good article of sense IMHO! The dollar has a long way to go - but it will end in demise eventually - it is inevitable I think but BOOM says give it at least 50 years!
Yes Sorry LL - BOOM has changed to Substack now - but the BOOM WordPress is still going from where I copy his weekly editorial but this too will be repeated on Substack.
From the ONS: "The easing in the annual inflation rate in March 2023 mainly reflected price changes in the transport division, particularly for motor fuels. There were also downward effects from housing and household services, furniture and household goods, clothing and footwear, and restaurants and hotels." That is as I suspected.
Also from the ONS, the March 2023 annual inflation rate for "Food and non-alcoholic beverages" is 19.2%. That fits much better with what I am seeing in my local supermarkets. It helps that the annual March 2023 figure for "Petrol and Oil incl Fuel Oil" is -6.4%.
Thanks Greg we are on the same page, agree all you say. The points that are missed IMO is that this is supply chain disruption, so regardless of energy prices falling, we have a cost-push inflation in everything else including the hidden 'Shrinkflation'. It's a term rightly used to describe the process of a product's size being reduced while its price remains the same. If products “shrink” in size while the price stays the same, the price has inflated - QED.
There seems to be no limits to the greed of our consumerist society - but it will correct and when that happens we will all be in a world of shit! Platoon(1986) - "keep your shit wired tight at all times!" https://www.youtube.com/watch?v=Df9BZMmmB9c
Thanks Lionel, and I agree with you but BOOM has his own views. I am writing about the inflation fudge this Saturday. I will check out your article. Had you thought of re-posting on Substack. BOOM had just moved over from his publisher and loves it: https://boomfinanceandeconomics.wordpress.com/
Those who sounded the alarm Before the injections were made available were right. I think everyone who received the injection will die from it, certainly not a peaceful natural death. Those stock prices ought to be below zero. As the bodies pile up, all financial investments will collapse methinks (Gold will be thrown out on to the streets sort of deal).
My simple explanation of inflation is an increase in the money supply without a corresponding balance, like an increase in production or a buyer of the debt, the many supply and demand equations, along with other stacked minor regional influences.
Usually the magazine "Private Eye" runs with stories such as the mRNA injections scandal and the MSM finally wakes up 2 years later (ie the disgusting treatment of Postmasters). In this case, Private Eye seems to be following the BBC and government line and has also turned against GBNews. Why? Sadly, in time honoured tradition, I have cancelled my subscription.
Good on your Greg - Captured MSM - they are taking over all free sites. Stay safe with Substack ... for now.
Read Zimbabwe is going to the gold standard. Regime change coming?
Yes I saw that Bert, but they have a long way to go to change the ruling ZanuPF lot - they are well entrenched. This is their flagging a new digital currency which the global south are developing. So far this pseudo money is not working anywhere - the dollar remains supreme for now.
This was a year ago but I think Zimbabwe is trying to follow suit: https://www.bullionstar.com/blogs/ronan-manly/russian-ruble-relaunched-linked-to-gold-and-commodities-rt-com-q-and-a/
This will be interesting to watch. The dollar is still top dog, for now. Great link with that post.
I still believe in the gold standard and that putting the dollar on it incrementally would be a good move. Just one of my personal economic wet dreams.
Of course you are right Bert. Any financial system which allows unrestricted money supply increase has to fail at one point or another - we can't fool physics. However, the model of allowing credit to increase to match increased productivity, in place for 200 years, worked because oil (the most energy concentrate of all time) fuelled economic expansion over the period and increased complexity.
Now, because of EROEI, (almost free energy) has reached it's limit and we are seeing the collapse of complexity into a smaller, less complex, and simpler model where a sound money system based on a commodity (gold/fossil fuels in limited supply) which cannot be artificially increased will be the answer for the New Emergent Economy which I described in my book at Chapter 13 and summarised in this article (which i think I have already linked): https://austrianpeter.substack.com/p/the-financial-jigsaw-part-2-the-end?s=w
Good link from a friend on currency comparisons. https://mishtalk.com/economics/still-more-fairy-tails-of-us-dollar-demise-that-didnt-happen
Yes, thanks Bert, I just read this (I subscribe to Mish) and it's a good article of sense IMHO! The dollar has a long way to go - but it will end in demise eventually - it is inevitable I think but BOOM says give it at least 50 years!
Just so it outlasts me. 😉
Thanks P&S. Excellent overview of so many topics.
hi, tried links to Boom Finance, seems Paper Li has finished up.
Oh, the link didn't work - here it is: https://cmnnews.substack.com/p/cmnnews-covid-medical-network-news?utm_source=post-email-title&publication_id=1590968&post_id=116674485&isFreemail=true&utm_medium=email
Yes Sorry LL - BOOM has changed to Substack now - but the BOOM WordPress is still going from where I copy his weekly editorial but this too will be repeated on Substack.
For Covid News - here's the details update:
BOOM Finance & Economics: www.boomfinanceandeconomics.substack.com AND BOOM is also published on LinkedIn and at WordPress: https://boomfinanceandeconomics.wordpress.com/ where all previous BOOM Editorials are available.
COVID NEWS – Dr Gerry's Substack: CMNnews-covid-medical-network-news
From the ONS: "The easing in the annual inflation rate in March 2023 mainly reflected price changes in the transport division, particularly for motor fuels. There were also downward effects from housing and household services, furniture and household goods, clothing and footwear, and restaurants and hotels." That is as I suspected.
Also from the ONS, the March 2023 annual inflation rate for "Food and non-alcoholic beverages" is 19.2%. That fits much better with what I am seeing in my local supermarkets. It helps that the annual March 2023 figure for "Petrol and Oil incl Fuel Oil" is -6.4%.
Thanks Greg we are on the same page, agree all you say. The points that are missed IMO is that this is supply chain disruption, so regardless of energy prices falling, we have a cost-push inflation in everything else including the hidden 'Shrinkflation'. It's a term rightly used to describe the process of a product's size being reduced while its price remains the same. If products “shrink” in size while the price stays the same, the price has inflated - QED.
There seems to be no limits to the greed of our consumerist society - but it will correct and when that happens we will all be in a world of shit! Platoon(1986) - "keep your shit wired tight at all times!" https://www.youtube.com/watch?v=Df9BZMmmB9c
Thanks Lionel, and I agree with you but BOOM has his own views. I am writing about the inflation fudge this Saturday. I will check out your article. Had you thought of re-posting on Substack. BOOM had just moved over from his publisher and loves it: https://boomfinanceandeconomics.wordpress.com/