More Signs of Economic DEFLATION: Eviction moratorium and The Fiat Price Inflation needed temporarily inflate ASSET PRICES – June 2, 2021,
The words “hurry up and die” made headlines back in 2013, when Japanese finance minister Taro Aso was looking for a way to relieve Japans young people of the burden of taking care of all these old Japanese people who can’t survive with government support.
In 2013, over 128 million of the total Japanese population was over 60 years of age, and the Japanese government has desperately wanted to get out of its deflationary death cycle. Unfunded liabilities are one of the main problems for governments, if you’re wondering why the stock market doesn’t crash, it’s because if it does and remains crashed, to a pension crash.
A lot of the nonsense you see in politics today especially the carbon tax scams, I attribute to the pension crisis. I was told more than a decade ago that the government was going to tax people to breathe in order to pay for the elderly. I didn’t believe it at the time, boy was I wrong, Carbon Taxes are here and this permanent tax on ENERGY is going to be subsidized by the unsuspecting young who have been brainwashed via the public schools that without CARBON TAXES the world is going to end.
What the hell do carbon taxes and pensions have o do with Eviction moratoriums?
So, how this relates to the Eviction moratoriums is that I don’t think Joe Biden is going to allow people to live on the street while at the same time allow the mortgage DEBT markets to crash, because, without inflated asset prices, the government can’t pay its bills.
The government is having a hard time collecting taxes to SERVICE its debts with inflated asset prices, if the asset market crashes, that’s bye, bye pensions, and for most U.S States dependent on inflated property taxes, good luck collecting that money.
Most real estate investors play that silly debt arbitrage game in which they buy a property, pull the equity out, and buy another property😂. A lot of people have become rich doing this, well not rich like liquid-rich, rich in the sense that their asset prices allow them to expand their portfolios to give the appearance of a wealthy person.
Because if I got let’s say like 10 properties, they don’t even have to be cash-flow positive right now. As long as Leftists are running the world, fiat price inflation is almost guaranteed. The problem I point out in all of this is that the Private Sector is being forced into a position to raise prices and this equates to deflation in fiat dollar terms because more fiat dollars will buy less stuff.
When more fiat dollars buy fewer stuff people on FIXED INCOMES suffer the most. Now, how the inflation data is calculated by the government isn’t going to show what’s going on, but unfunded liabilities are unfunded liabilities.
Carbon taxes are a tax on the working class not a tax on Government dependents
People who work for wages pay the carbon tax, if you get more out of the government than you put in, you’re not paying for the carbon tax. Get this through your skull that the working-class pays for the carbon tax! That’s the only group that pays for the carbon tax, if you get more out of the government than you put into it, you’re not paying for the carbon tax!
I’m listening to all of these people talking about carbon taxes being good for the stock market and all of this other nonsense, sure why not, let’s prop up the stock market even more. What’s being ignored is the incentive to work. What most people aren’t understanding about the Eviction moratorium is that it’s the gateway to Universal Basic Income, which is the gateway to PERMANENT FIAT PRICE INFLATON.
Now, I don’t know what Joe Biden and other Western World leaders are going to do about debt deferrals, but I will keep writing that this entire scenario is headed towards AUSTERITY MEASURES. I like to write about Argentina and how their government fights deflation.
Argentina refuses to accept that austerity measures will be the only way to stop the FIAT price hyperinflation of their peso and so their government simply resets their currency every few years. This doesn’t mean that their economy isn’t deflating, it just means that they’re able to hide their deflation with pieces of paper that depreciate every few weeks.
In America, things happen slower, primarily because of the Eurodollar system. But domestically, expensive federal policy is expensive federal policy, there’s no getting around it. If Joe Biden is going to borrow, tax and spend Americans living in America or Americans with American citizenship will have to pay for it.
The Eurodollar system allows for people outside of the United States to make better use of American dollars, which is why it will not surprise me if, in a few months r in 2022, the U.S dollar begins to rise relative to other fiat currencies. Now, this rise in the value of the U.S dollar won’t benefit Americans, because the forex markets are decentralized, but it will benefit people with U.S dollars who live outside of America and who are out of the reach of Uncle Sam.
Furthermore how I imagine this scenario playing out in America is just like Jerome Powell said = “INFLATION IS GOING TO RUN RED HOT” Americans wanted Joe Biden Americans are going to have to pay for Joe Biden! For people investing in Gold, Bitcoin, etc. I’m not so sure this will be good for these assets in terms of fiat dollars.
No, I’m not telling you to sell your gold, silver, or Bitcoin, but deflation typically reserves particular assets to people who can afford to buy them. As prices get more expensive, people in debt or on the edge of bankruptcy usually have to sell their assets to pay for their debt obligations.
As for myself as an example, I’m a cheapskate, I buy when the dumb people are over-leveraged. It takes some patience, but, I don’t know how to cure stupid, that’s not a gift that I have, I believe in freedom and therefore I believe people have the right to act a damn fool!
The Eviction moratorium means that the economy has already crashed and it was a deflationary crash. Donald Trump had the chance to vanquish his enemies and shrink the size of government, but no, instead he attempted to buy votes and by hook or by crook he lost anyway, to the ice cream man Joe Biden, who to me looks like the dumbest person to ever become U.S President. I think it’s fitting in today’s times to have a man who struggles to complete sentences be the President and a woman who looks uncomfortable in her own skin to be the vice president because, in a nutshell, this is the state of Western society.
We’ll vote in idiots whom we feel we can manipulate just so we can get some ‘inflation’. Well, the way I see it, the deflationary death cycles is here and you’d better be prepared for #LateStageSocialism
Millions of Americans could face eviction as housing protection expires in June | cnbc.com
Interesting times ahead!