Jack Dorsey says inflation is going to get considerably worse for the whole world

[Hardkill]

https://www.cnbc.com/2021/10/23/twitter-and-square-ceo-jack-dorsey-says-hyperinflation-will-happen-soon-in-the-us-and-the-world.html

 

Is Jack Dorsey just making an overhyped claim on the current inflation concerns going on in the US?

[JosephKnecht]

Nobody knows the future. 

Take a look at how inflation has been going in the past, and extrapolate that trend into the future. 

Look at the people that can prevent inflation and see their inability to stop it. 

[gettoefl]

janet yellen yesterday saying the opposite

https://www.reuters.com/world/us/yellen-says-us-has-options-raise-revenue-pay-build-back-better-bill-2021-10-24/

[Hardkill]

Well, I hope that Yellen is right because otherwise the Democrats may very well be in deep trouble for the 2022 midterm elections and the global economy could be in jeopardy.

[Apparition of Jack]

Money is a lie anyway lol

[AminB501]

@Apparition of Jack but you better start investing in things so you get all your money out of the dollar.

[captainamerica]

Do you know the worst part?

Most of this happened due to leftist and so-called "stage green" economists. It was the "egalitarian" group of economists who popularized money printing and shitty economic theories which don't work in reality. 

The general public will never know that much of this inflation happened due to the so-called egalitarian or stage green economists and leaders in academia, supported in part by politicians belonging to the same group. The general public thinks that they are the ones with good intentions and so-called compassion. The survival of such "economists"  and politicians is guaranteed, at the cost of the general public and their supporters. This wraps the sense of reality that these leaders in academia have (or other thought influencers)even more. If sentimental intentions lead to real-world outcomes then terrorists will be given noble peace prizes, you would be surprised how many terrorists have in-depth well-developed philosophies around world peace. 

Due to the false perception, they think this problem is created by conservatism and people not paying enough taxes then again people vote for policies or politicians who support such economic policies and understanding making it even worse. It continues in loop, this is a vicious cycle. The problem is that the vicious cyles promoted by the right of the same magnitude are much easier to recognize than the left equivalents for a person with average smartness. The right and the left are asymmetrical.

Conservatism has its valid points. Biased and blind Leftists don't get it.

Edited October 28, 2021 by captainamerica

[captainamerica]

On 25/10/2021 at 9:43 AM, Hardkill said:

Is Jack Dorsey just making an overhyped claim on the current inflation concerns going on in the US?

Well, to be brief:

1. The current housing and rent unaffordability crisis is mostly because of this. Govt. printing money for decades has skyrocketed the prices of houses. The US has printed trillions upon trillions of dollars for the last few decades.

2. One of the major causes of homelessness.

3. Over time business in a country get more and more efficient due to collective functioning. As collective business efficiency increases just by the virtue of its existence the workers get more wages. Due to money printing the collective business efficiency cannot keep up with inflation and wages start going down even if the on paper number is same. The problem is this: there is no way for businesses collectively to increase efficiency at this fast rate. They would need to have alien or some sort of sci-fi technology in order to increase efficiency this fast. So it makes it impossible for most businesses to pay higher wages. It is like workers, employees and entrepreneurs create value for decades and now when they could have had an easy life turns out the govt. already stole it by money printing. There is no magical way for collective business efficiency to grow this fast. Everyone loses in this, permanently. At least long term assuming the right actions are taken.

The basic economic principle is just by the virtue of existence the collective business efficiency in a country starts increasing even without trying and this leads to many positive effects. But the collective business efficiency cannot keep up in a country that prints money this fast. So all the positive effects that people have earned through decades are gone instead they start getting the negative effects, it does not even settle at a neutral state.

4. This phenomenon alone is at least 60-70 percent of the reason why the American middle class is shrinking. This combines with other bad policies to create an explosion. 

5. This alone is at least 50 percent of the reason (probably more) for the polarization in politics. Inflation divides people more and more without them realizing it because it is not the first-order consequence making it a bit harder to detect for a person with average intelligence. 

There is about a 5-10 percent chance that the US will start seeing Venezuela-like conditions due to this in the near future. This is the highest probability for such a disastrous event in the US in the last century or so. So yeah, it is not overhyped by any means. 

Edited October 28, 2021 by captainamerica

[captainamerica]

The reckless money printing of the US causing inflation for a few decades has single-handedly destroyed the American dream. It creates causes (like a decrease in collective business efficiency of a country) that no human being can overcome. Businesses and entrepreneurs become helpless too because this one thing at stage 1 of its existence becomes 5 destructive causes at stage 2 of it growth and combination with other policies and phenomenons and at stage 3 it becomes 25 causes that force all these businesses and the economy in a box. At stage 3 a person or group of businesses is not trying to fight an effect from 1 simple cause they are trying to fight destructive effects created by 25 different causes set in motion by one thing, it's impossible.

But of course, the politicians want all of us to believe it was the Billionaires and Millonaires paying less tax rate that has created this mess. Not the govt. and politicians forming poor policies. This guarantees the survival of politicians and gives an n number of free passes and survival advantages to them.

Edited October 28, 2021 by captainamerica

[JosephKnecht]

On 27/10/2021 at 2:40 AM, Apparition of Jack said:

Money is a lie anyway lol

Send me all your lies, and I will give you the truth.  

4 hours ago, captainamerica said:

Most of this happened due to leftist and so-called "stage green" economists.

Take that pointing finger towards yourself. It will be more accurate.  

[captainamerica]

17 hours ago, JosephKnecht said:

Take that pointing finger towards yourself. It will be more accurate.  

@JosephKnecht Empty words.

You have not actually read history and how this came out to be.

Stage Orange economists liked Keynesian theory and Stage Green when slowly started to take over academia promoted Modern Monetary Theory and the likes. It was the left's theory(read ideology), not the right's.

I don't stand for the left or the right blindly. They both make right, wrong, and disastrous points. Learning to be unbiased and be able to choose from both to maximize the benefit of the people, ensure the right timing etc. here is the key. I am a centrist with a bias towards leftist policies. Joe Manchin and Krysten Sinema are not centerists.

Edited October 29, 2021 by captainamerica

[captainamerica]

@JosephKnecht If the phenomenon about wages that I have mentioned above ticked you then I have written an elaboration for that in this post.

Please read it if that is the case.

Jesus, I thought some of these things are apparent given the components and principles. No problem. I understand. 

[JosephKnecht]

3 hours ago, captainamerica said:

You have not actually read history and how this came out to be.

 

I didn't say you are right or wrong. 

I can sense the negativity in the tone of voice you write. 

Don't blame others. They have done the best they could. 

If you can do better, get into the arena and change things.

Blaming others helps no one.   

[captainamerica]

On 29/10/2021 at 0:21 PM, JosephKnecht said:

If you can do better, get into the arena and change things.

@JosephKnecht You think I would have recognized all this if I was not actually in the arena? 

Edited November 5, 2021 by captainamerica

[captainamerica]

On 29/10/2021 at 0:21 PM, JosephKnecht said:

Don't blame others. They have done the best they could. 

They consciously use propaganda and ideology to further their survival. 

Here is the formula:

• Pump up the prices of stocks by money printing while increasing inflation thus decreasing most stockholders' networks in real terms. On paper their networths skyrocket. Then tell the people inequality is increasing. People blame everyone(including the right) and vote for the left. Repeat the above again. Then again people blame everyone (including the right) but the left and vote for the left. 
• Pump up the prices of stocks (and housing and decrease wages, etc. ) and say inequality is rising. Tax the unrealized gains for socialistic policies. People believe this will solve housing and wages problems, conservatives don't care about us etc., and vote for the Left. Except it does not solve those problems. Print money again. Problems increase even more. People go to the Left again thinking they are the guys who care. 

The fastest path to socialism is money printing which the Left economists love. The economy degenerates until socialism is forcefully adopted. This manipulation has happened since decades. In this long-term game the left, more importantly, the far-left wins. 

Consciously using propaganda and ideology to further one's survival is not doing the best they could. It is a dishonest and manipulative practice. 

Edited November 5, 2021 by captainamerica

[hoodrow trillson]

I paid $3.40 for eggs today and I spent $3.10 for eggs a few years ago.  We're doomed.

[captainamerica]

@JosephKnecht Seems like you got your head in the right place, a rarity. And I like your work as well.

Will clarify that it is just a respectful disagreement. I know what I am doing. 

Edited November 6, 2021 by captainamerica