like UBI is the next QE.
Because hyperinflation is evil unless given to the People.
All those goy coddling their FANG portfolio will get a nasty shock.
Couldn’t happen to nicer atheists.
Doubt me? Laws are already in place in America and ‘deposits’ to banks are only covered (per banking license) by the UK government up to about £70k in this country, in case of bank failure. That wouldn’t even cover a mortgage on a shoebox.
I’ve been doing my research. Rich people aren’t real.
Cyprus seized savings.
47.5%. One bank, one fell swoop.
If a thief dresses in a suit and calls himself a banker, the victims will come to him and just give him everything.
That is the King you pay fealty to, no Christian. You don’t curtsy, but you are legally obliged to queue up and pay the bankers.
Usury is a sin. Not just the lending side. Thou shalt not steal.
Is it too soon to say, I told ya so?
Too soon, but closer than ever.
‘ere we go ‘ere we go, ‘ere we go….
It’s the little details.
“The price of pepper in the futures market in India dropped by around Rs1,633 a quintal last week, from a high of Rs16,334, even as pepper prices rose sharply in global market”
“However, inconsistencies in the prices of spices and herbs and high cost of production are primary challenges hampering the growth of this market over the forecast period. North America dominates the world spice and herbs extracts market in terms of dollar share, while Asia Pacific is the largest market in terms of volume.”
TLDR: Grow a herb garden.
High prices in ‘good’ times.
Why does China want Africa’s farms?
Are you watching closely?
If you watch enough agri news, one thing is clear.
Yeah, guess they’d better sell up to the Chinese their only supply of food, before -gasp- they lose money!
https://www.eenews.net/stories/1060175327 Don’t chop down the trees.
It’s all pointing in one direction: too many people, wanting too much spicy junk, dying agriculture, old infrastructure failure.
If you wanted a black swan… what more could you wish for?
Nobody looks at cost of living anymore. But people will spend a lot of money to stay alive.
Last Little Ice Age, what was expensive?
Note the rounds of 19th century and early 20th century immigration led to debt spikes?
Third Worlders in the First World are just economic parasites. It’s IQ and high time preference.
Spoiled privileged Yang truly promises a Boomer bailout of mortgages via a blisteringly obvious planned rent hike* (since all the poor would suddenly be good for it) and you don’t need extra ‘money’ to end the welfare cliff. It’s a pen stroke away to step the payments down gradually.
America’s net worth is negative too, more socialism will cause hyperinflation – and then, invasion.
People ate leather sofas in Weimar Germany and licked wallpaper glue.
Allegedly they ate babies. This would be mathematically worse.
What’s to stop the sneaky QE of UBI leading to price raises across the board from all sectors? Especially food.
Nothing. That’s what.
People are celebrating a termite in their savings.
UBI: It’s the missing link between inflation and hyperinflation.
The ‘basic’ is a clue. It’ll go on basics – 1. rent, 2. food, 3. medical.
“Universal” – you have no choice whether to go into debt. No choice. But rich people will get a bailout, no means testing. Fair? About inequality? No and no.
The distance between the poor guy with $0 and the rich guy with a million will be exactly the same if you give both two grand. Perhaps higher, because increasing monetary supply directly causes one thing.
Prices will rise. Regardless of specific agents e.g. landlords.
So spending power of the poor guy will decrease.
Go ahead, vote for it. I wanna see what happens.
You cannot consider income without expense.
It’s an equation, it has two sides.
*The average hippy American Boomer seriously considers their house their pension. That is factual.
Map the top chart onto spending power, I dare you.
Tell Yang you’ll have UBI under one condition: rent controls. He won’t do it.
I have literally been saying this for years. Read the tags.