The U.S. Money Supply is Shrinking Because Joe Biden Keeps Increasing the OPERATING Costs of the Government – Should Jerome Powell Tell the Truth? Let’s Talk Democracy and Financial ILLITERACY – July 11, 2023

 

How important is your PERSONAL security to you? That’s the question that Jerome Powell likely asks himself every time the Joe Biden administration passes another regulation on the U.S. economy. When Joe Biden became President in 2020, he signed a historic number of executive orders, many of which are still being enforced today.

Oddly enough, soon after Joe Biden and his regulations made their way through the U.S. economy, the economy began DEFLATING, leading to consumer price INFLATION. Most economists try to complicate the simplicity of economics by talking about the M2 money supply, but economics is not difficult to understand, mainly when you comprehend the damage government REGULATIONS have on the economy.

If I have to wait for multiple government agencies to APPROVE my business venture, fewer people are hired. Making matters worse if the President then sides with labor unions who DEMAND higher wages, well, not only will fewer people get hired, but consumers will likely see a sharp INCREASE in consumer prices.

Now, why price deflation in some segments of the economy happened under the Obama Administration is because China started to get more efficient with the means of production. Furthermore, there aren’t too many foreign HOARDERS of the Chinese Yuan in the Forex markets; China is stuck in the rat wheel of being a manufacturing powerhouse.

Controlling the means of production is great if, let’s say, we’re on a GOLD Standard, but because China CHEATED to get to where it’s at. The Chinese Communist Party is a HUGE government that needs to leech off its citizens to survive; under a Gold Standard, China as we know it would likely collapse faster than the United States.

What a China collapse could mean are PRODUCTIVE Chinese people FLEEING the country the first opportunity they get, which is one of the reasons China, at least right now, doesn’t appear to want to engage in any war. Why does this matter in the context of the money supply shrinking is that there is a possibility of China and other countries CUTTING prices to pump up the U.S. economy; HOWEVER, the issue with the Biden Administration and other Left Wing political groups is ESG.

Environmental, social, and corporate governance(ESG) seeks to drive the cost of production higher. ESG, from the point of view of economics, is FASCST at the highest level as a few individuals, public and private, using their own LEVERS can overnight, with a simple regulation or legislation in almost any Western nation, can force CONSUMER prices higher.

Hey, “Wally’s Widgets,” your business has a low ESG score, and because we ESG folks want to “save the planet,” we feel it’s a necessity that we destroy your business because it’s not ESG-friendly enough. Now, you might think, why don’t “The People” do something about this? Well, this is where DEMOCRACY comes in.

 

If you want a WELFARE State, the Fascists, anytime they want to, can reel you into one of their many GLOBALIST schemes. Hey, voter, if you don’t vote for ESG, you’ll lose your welfare.

The Welfare State problem is so bad that Republican front-runner Donald Trump is PROMISING to save social security and Medicare, which by the way, were created by the Democrats and are one of the significant contributors to government OPERATING costs going up.

That’s the state of U.S. politics right now; SAVE THE WELFARE STATE! Donald Trump has been hostile towards Jerome Powell raising interest rates. So the Republic VOTERS also want a welfare State, meaning that we’re living in an era in which the voters will likely pick the politician who promises them the most welfare and financial security.

 

Basic economics has been thrown out the window, and for myself, that equates to declines in the standard of living, maybe not for everyone, but likely for the poor and downtrodden. We’re in this era of “hero worship” The mainstream media does whatever it can to side with Joe Biden, and on the flip side, Donald Trump has a cult-like following.

Both the Democrats and Republicans in the United States seemed to have embraced some fascist ideology; however, the Republicans come across to a  poor person as not doing enough to address the issues that the WELFARE STATE demands.

For example, the Welfare State now demands that parents allow Transsexuals to access their children in public schools. Men and boys who like dressing like women should also be ENTITLED to compete in women’s sports.

These REGULATIONS on economic activity, like it or not, contribute to an economic slowdown. Most people associate transexuals with CHILD ABUSE and/or insecurity.

So the government FORCING transsexuals onto regular citizens, we’re already seeing it lead to a DECREASE in consumer spending. Bud Light attempted to push an agenda that it imagined would be profitable, and it backfired; Bud Light saw a decline in revenue, which also could equate to a decrease in JOBS.

The Democrat party is promising welfare for as many POLITICAL GROUPS as possible. These NEW economic REGULATIONS that seek to make all parties whole from a financial perspective increase OPERATING costs.

If I run a business, and one of my employees identifies as a protected group, I have to operate my business in a manner that conforms to the new government regulations, and this will increase my operating costs INDEFINITELY.

 

Notice I didn’t even write about increases in ENERGY costs; like it or not, the GLOBAL economy has already shifted to a PRICE inflationary tone. Now, in my opinion, Jerome Powell would be wise to continually and AGRESSIVELY raise interest rates until the U.S. and global economy COLLAPSES.

Why should Jerome Powell do this? Because AUSTERITY MEASURES are necessary to fix this problem, slow walking the inevitable is silly on multiple different levels.

Now, had we been on a gold standard and there was no central bank, most of these silly welfare programs would have failed miserably long ago; however, humans imagine that a central bank is necessary, and since Jerome asks for this job, he should have the heart to either tell Joe Biden his economic policies are stupid or Jerome Powell, should simply say nothing and just keep raising interest rates citing the data suggests that’s what’s need right now.

The global economy can function in a high-interest rate environment and spare this silly notion that mortgages won’t be paid, sure some mortgages won’t be paid, but people will find a way o pay their mortgages, and as I like to point out, 100 or even 1000 year amortizations can be created.

Technology has driven down costs for a lot of things, and during times of panic, humans get creative, Jerome Powell should trust American resilience. But will he? I doubt it!

Interesting times ahead