Currently we seem to be as concerned about inflation and the “consumer price index” as we are about any other nationwide issue. “Inflation,” of course, refers only to the inflation of the money supply, something that is only partly affected by the actions of people in the day-to-day economy… what we call, “Main Street.” This reference is usually juxtaposed to “Wall Street,” where the wizards of finance operate at, supposedly, an entirely different level of economics than the rest of us. Though Wall Street money machinations are more arcane, they are not so very different from the decisions we all make regarding the presence or lack of “money” and the affordability of things we’d like to buy.
“Wall Street” is a combine of INTERNATIONAL money manipulators, and they are tied to many governments, especially that of the United States, where finance involves multi-Billions and even Trillions of dollars; financing shopping centers, small businesses and residences is not their particular concern. They, like Federal socialists, are delighted to mess with 10’s and 100’s of thousands of mortgages, including selling “options” and “futures” contracts based on their supposed flow of billions and hundreds of billions of future mortgage payments – delighted, that is, until their phony financial instruments caused the destruction of several of their own pack, like Lehman Brothers. At that point, thanks to their financial entanglements with “our” federal government and governors, they felt free to compel the taxpayers of America to bail them out. Otherwise, they’re just like us.
In either case, “money” is defined as instruments of real worth or value: a dollar once was exchangeable for a dollar’s worth of silver or, in theory, of gold. People – and banks and governments – around the world, recognize precious metals and true weights and purity thereof, as items of intrinsic value. Right now, the “dollar” bill we are familiar with is no longer even tied to the United States directly; it is a “Federal Reserve Note” that the U. S. Federal Government declares must be accepted as “legal tender” for all debts public and private. But, all you can get at a Federal Reserve Bank (neither federal nor a reserve) in exchange for a one-dollar Federal Reserve Note is another Federal Reserve Note. So, our “currency” today is only “tender,” not actual money. Others accept it in exchange for real goods and services and as long as this is true we can function economically.
Our good and trusted Representatives, however, legislating in “The People’s House” on our behalf, have decided over many decades to spend more “money” than we can actually afford to pay in taxes. Our Federal “budgets,” such as they have been since 1960 or so, have been out of “balance,” now accumulating some $32 Trillion of DEBT, which has placed an obligation on the backs of all of us, thank them very much. This occurred at an accelerated rate over the past two years of the Biden administration and the last year of the Trump administration, thanks, ostensibly, to a COVID-19 pandemic, and this has both distorted our employment, wages and sense of responsibility, and caused tremendous INFLATION of the money supply. Well, actually, it’s not money that it has inflated, but our “legal tender” or “currency.” Keep in mind that it is not “money” that gets inflated – that supply only grows by the quantities of goods and fixed assets that increase thanks to PRODUCTION of those goods, goods that have intrinsic value. That “intrinsic value” is the closest thing to “money” that we have.
Unfortunately, as fascistic leftists shut down our economy and started paying newly locked-out workers to stay home as their jobs evaporated, PRODUCTION, oddly enough, declined! Suddenly we had trillions of new bits of legal tender floating around with fewer goods – or SERVICES – available to buy! This logically caused prices to rise. That’s not “inflation,” regardless of how often we call it that, it is PRICE INCREASE derived largely from supply and demand. In our foolishness we lowered supply while we multiplied demand. Indeed, our decades-long transfer of production to China, where it was also restricted by COVID (including screw-ups in the supply chain, keeping what products were made out of our marketplaces) made our own inflation-generated price increases even worse. Anyone who calls rising prices, “inflation,” is simply ignorant. The Federal Government and the current administration are the most frequent mis-staters of what “inflation” is, but it helps to confuse – or lie to – the American people, one of which is always a Federal goal.
Consequently, President Biden and his tight tether to the truth, loves to claim that “inflation” has “come down” for the past 6 consecutive months. How wonderful that sounds, as though his spendthrift administration were responsible for improving the economy for average folks. But what is reality? Do Biden’s truths have any congruence with reality?
Prices are still high and getting higher. What does Biden’s claim of slowing “inflation” have to do with that? Well, when we recognize what his “inflation” really is: price increases, Biden is patting himself on the back for slower price increases. Swell. What he hopes to obscure is the painful fact that all the price increase that has already taken place IS STILL THERE, and those prices are STILL GOING UP, just a little slower. That is not a victory. Factually it is a sloppy admission that the pain he has inflicted on Americans with his dumb-ass policies is as bad as ever and getting worse. Congratulations, you old dope.
Add to the damage being done the fact that the rate of price increases (so-called inflation) is no longer honestly stated to begin with, thanks to Federal political calculations, since they no longer include ENERGY or FOOD! What a hoax. That lets the Department of Commerce claim that “inflation” is only 6 or 7 or 8 percent, when it’s actually 12 or 13 percent! People might really vote against someone who presided over an economy with 13 percent inflation (whatever that is). As Ralph Waldo Emerson famously said, “The louder he talked of his honor, the faster we counted our spoons.”
So, Prudent readers, inflation isn’t the same as price increases, but it is a significant cause of them. It isn’t something people cause; it is a tool of government that performs as a relatively slow devaluation of the currency. Unfortunately, that is the same legal tender that we, all, depend upon for affording our means of living. Don’t vote for politicians or erstwhile “leaders” who willingly devalue the money you have earned and the wealth you have accumulated over years. Who the Hell do they think they are, to steal from every citizen? Indeed. Check out: https://www.prudenceleadbetter.com/2022/08/21/the-inflation-chronicles/
