Government Lockdowns are DEFLATIONARY: Fiat Price Inflation is economic DEFLATION, don’t be the idiot who values things in rule-by-FIAT U.S dollars – September 6, 2021,
To start Bitcoin which is the go-to cryptocurrency has now surpassed $50,000 again, why it’s going up is the amount of debt that can be used to purchase it, the globe is awash with CHEAP fiat dollars and the Bitcoin crowd is betting on this continuing. The point of zero percent CENTRAL BANK interest rates is to stimulate growth, well, currently Bitcoin is growing and the risk appears to be minimal because it’s not straddled with regulations and people can by things with it.
In more regulated markets like the Gold and Silver there’s all sorts of POLITICAL risks. Currently, the world has decided to declare war on fossil fuels, now even though I’m personally invested in fossil fuels, I know the risk involved in investing in these areas, I take the risk, because I know without fossil fuels the lights go out, plastics stop being made, GMO’s can’t b produced and the world is sent back to stone age.
The government’s solution to the political climate change are carbon credits which is nothing more than corporate welfare, sure some of these carbon credit entities claim to be “Non-Profits” but we all know how that scam works because a Non-profit merely means you better find a way to spend the money you managed to accumulate on the property that aligns with your stated mission. Non Profits are often responsible for some of the most destructive environmental ideas on the planet, Micheal Moore had an entire film about this called Planet of Humans.
All that aside wage earners are the most highly taxed group in the world, one of the reasons governments have joined forces with labour unions is that taxable wages generate the most revenue for the government, but on the flip side to this are sales and other regressive taxes on the other end, which lead to ECONOMIC deflation because wages usually don’t keep up with inflation when prices for things go up, you get a deflationary effect on the economy, as wage earners are able to buy fewer goods and services.
Just a few weeks ago Bitcoin was at $30,000USD, even if you bought Bitcoin at $30,000 you haven’t even doubled your money yet, meaning that if you were to cash out your bitcoin at today’s price, inflation is going to eat away at your fiat money. The economy is deflating and the U.S government, can do whatever it wants, but higher prices are inevitable at this point meaning that economic deflation is going to accelerate and NO, this is not stagflation, companies are hiring, but these companies are under the thumb of GOVERNMENT, which is currently dedicated to SOCIAL JUSTICE, CLIMATE CHANGE JUSTICE, and new more advanced welfare programs not only for corporations of their choosing but also for minority groups the government deems as worthy of their fiat dollars.
This in the real economy is clearly deflationary, and it will be propped up by RULE-BY-FIAT money. Rule by fiat means rule by decree, nobody really wants to own U.S dollars, we use it because the current perception is that we don’t have a choice. Now, just because you’re forced into using U.S dollars doesn’t mean you have to value money in U.S dollars, valuing your wealth in U.S dollars is a choice, expecting Gold and Silver to go up in any fiat currency is a choice.
OPEC controls Oil prices because that’s the arrangement it has with the U.S power structure, Donald Trump attempted to break that up, and look what happened to him? This is why Oil prices are allowed to rise in U.S dollars while Gold and Silver and other commodity prices are suppressed. Anyone dumb enough not to know this arrangement needs to have a more objective view of U.S history.
I’ve often argued that I do not want a Gold Standard because I don’t want when the government is broke via democracy that the government workforce kicks down my door looking for my Gold. No, the idiots who believe this version of democracy should be allowed to value their wealth in Fiat dollars. I will base my wealth, not on a Gold Standard but the weight of Gold and Silver.
If you haven’t done so yet, you better start asking yourself how you will barter without the modern Fiat system, do not even assume that you will need to transact or even expose to anyone that you own Gold and Silver.
Interesting times ahead!