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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (8468)	1/31/2022 12:28:17 PM
From: Maurice Winn	3 Recommendations Recommended By arun gera fred woodall kingfisher Read Replies (4) \| Respond to of 13780

You are right in MMT theory (Magic Money Tree) that a shortage of shirtless pole climbers is the cause of inflation aka price rises. But MMT theory is a bullshit self-serving kleptocratic ideology used to loot the ignorant. The sooth sayers claimed to be stimulating the economy with the world record lolly scramble of free money for you and you and you. Free stuff Is tempting to the foolish like heroin, booze and tobacco is a short cut to happiness. Inflation had been 2% for decades coz Made in China cheap people worked for nearly nothing. But demography. No more free people. If you want sn employee you have to bid against other employers. Pay more money. Aka inflation. But MMT shirtless shortage is putting the cart before the horse. The correct money theory is Financial Relativity Theory. Zimbabwe used MMT for decades but a loaf of bread for $1trillion didn't produce more bread. It did make a better palace for Mugabes dumb authoritarian thugs. And cause economic destruction. It's possible that USA is about to go full Zimbabwe/Argentina/Venezuela because drug addicts notoriously overdose like that great American hero Grorge Floyd. Pulling down statues of Washington and Jefferson and replacing them with statues of Floyd and Mugabe while replacing Mozart with hideous evil Nigga rap while overdosing on fentanyl for fun, funded by free MMT shows the general psychology. While Made in China worker surplus applied, the MMT bullshitters could pretend fentanyl felt fantastic fun, and free money was not inflationary. But now 70 000 OD dead per year and 10% inflation are not so much fun after all. The addicts are going to have to get a job and work for the people in China and the gas suppliers in Russia for low pay. Or go full Zimambwe Floyd. Good luck with that. Destroying the Magic Money Tree aka killing the goose that lays the golden eggs is a bad idea. So they are going to have to turn off the money printing aka quantitative easing and other MMT bullshit Build Back Better lolly scramble or live the Venezuela experience. But it's worse because Venezuela and Zimbabwe are small compared with the outside world whereas the USA and like-minded MMT drug addicts (Euroserfs, Aotearoa-Zimbabwe, Canada etc) are not. Let's see how 15% interest rates go and how they like working for Made in China pay rates. They might choose to have a nuclear war instead because Russia Russia Russia and they know Nigga rap but not 1812 Overture, Charge of the Light Brigade, All Quiet on the Western Front, and Barbarossa. Hyperinflation might be a minor problem compared with Armageddon and Dr Strangelove. Stanley Kubrick was great. So was Carl Barks. And Dr Irwin Jacobs (who is happily still with us to enjoy his creation). Mqurice