I’m not an economist so I’m probably wrong, but when did that stop anybody from posting on the Net?
Bidenreich just rewrote the dictionary to hide the fact USA’s now formally in a recession. I found that to be a profound religious experience… for them, not me. They lie to themselves and each other, and they feel good about what the lie has accomplished.
Priest: “All hail the blessed Lie, which banishes the truth like a Post-It over the ‘check engine’ light! I believe!”
Congregation: “I believe!”
Wikipedia: “I believe!”
…but I digress.
So, we’re now in recession. And inflation is already here to stay and predicted to skyrocket. And the Normies are slowwwly beginning to realize that we can’t vote out way out of this. This means hyperinflation. I see hyperinflation as a social behavior, not an economic behavior. Once people decide that their money isn’t going to retain any value, they trade it for tangible assets as quickly as they can. When it’s all of them and not just the fringe prepper weirdos who never trust the government anyway, it’s called hyperinflation. Because it only happens when everybody does it, it’s social not economic.
Buying up assets is what the Elites are already doing; that’s the main reason housing prices have long departed reality. Normie has been restrained thus far by the Normalcy Bias. “Things will get better; we’ll vote the bums out next election; we got through the last hard times”. But when that Normalcy Bias breaks, it’ll be bank runs and bread lines within a week, because our multi-inter-hyper-connected !scientific! society can’t seem to do anything halfway. Least of all hysteria.
I think it’s gonna hit this winter. First the elections will change nothing, leaving Normie with no hope except Trump 2024, then food prices will spike as predicted when the current, poor harvest comes in on top of ever-rising prices. His savings won’t last another two years!
Fortunately, I’m probably wrong. That Normalcy Bias just won’t die.
I’m thinking I should buy more emergency food for my Dad and I.
Bullets, beans, bandages, and bullion (gold or silver).
‘Buying up assets is what the Elites are already doing; that.s the main reason housing prices have long departed reality. Normie has been restrained thus far by the Normalcy Bias.’
I always think people know what I know, which is why I’m always stunned that most people didn’t know that the Chinese had been buying up homes&land across america&new Zealand since at least the early 2000s.
Like the Japanese did back in the 1980s.