He puts references in the description.
e.g. http://bit.ly/TheMoneyGPSSources2020
Fiat isn’t money and it isn’t debt, it’s death.
They’d rather kill the population than screw over their other private banker friends.
Like yeah, you’ll be a millionaire, but it’ll cost half that to buy breakfast.
No more private banks. Nationalise them. Nationalise them all.
Usury is a sin, thou shalt not steal.
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.
If only there were an economic law to explain this concept, of supplying and demanding…
*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.
Chapter 5 on hyperinflation might be of interest.
This is atrocious and should be demanded in schools.
I chose to look at % of inflation according to a WW2 year, I chose 1943. Nice and snug in there.
Over 4,000% inflation since then.
Four-thousand.
Before this, I chose to look at the value of a single British pound coin, also in 1943.
To purchase the same goods now, you would require over £40.
Don’t we already have hyperinflation?
Am I missing something obvious here?
How is this not?!!
At this point, I’m officially out of ideas.
The deeper I go, the greater the mess.
Anyone else hear the distant thunder?
Oh wait, that’s jackboots.
I’m not fiddling the data here by cherrypicking a year, I chose one late on purpose.
Look at the charts elsewhere!
LOOK AT IT.
Now if someone could map these onto a Left/Labour red or Right/Tory blue government, we might be able to spot a pattern. Re Whose Fault This Is.
http://armstrongeconomics.com/2015/01/30/first-the-deflation-then-the-inflation/
First you have the massive DEFLATION and then government is forced to debase the money supply that finally reverses the economy sending it into a INFLATIONARY spiral.
http://ftmdaily.com/daily-briefing/060914/
Superb podcast, explains very simply wtf is going on with the dollar in 30 minutes. If short on time, start at 9:00.
h/t to the Captain for the link
I wonder if American historians will look back and say it wasn’t worth upsetting Putin over the Olympics.
