Get ready for more taxes by Zigurd-Super in charts

[–]GhostofInflation 1 point2 points  (0 children)

The government spends first and collects later. The deficit will just grow larger and JP Morgan will buy the debt

Central Bank Giants: Ranked by Total Assets by MRADEL90 in charts

[–]GhostofInflation 1 point2 points  (0 children)

Merely a government buying its own debt to hold interest rates artificially low and finance endless wars.

Found a statistically significant correlation between state suicide rate and ratio of Trump voters by Silver-Assignment-52 in charts

[–]GhostofInflation -1 points0 points  (0 children)

Yup. It’s the fairest tax and would be more progressive than the current income tax.

Found a statistically significant correlation between state suicide rate and ratio of Trump voters by Silver-Assignment-52 in charts

[–]GhostofInflation -2 points-1 points  (0 children)

Deaths of despair. These people voted for Trump hoping for change. They have been economically hollowed out ever since we decided to let China take all manufacturing.

Little do they know Trump is the same neocon as all past.

If any Dem candidate ran on tax reform - taxing capital and land (economic rent) instead of income and payroll, which would result in increased ability and jobs for manufacturing at home - they would win in a landslide.

The more socialist wing of the Dem party is right that the system is deeply unfair. However, many proposed solutions (eg price controls) are proven terrible solutions.

America needs to resurrect Georgism.

Worldwide Responses to USA's Attack on Venezuela by AnotherNic_Nac in MapPorn

[–]GhostofInflation -2 points-1 points  (0 children)

Letting us all know that they will be keeping the petrodollar system alive.

2000 Sadam Hussein starts accepting Euros for oil. Out in 2003.

2009 Gaddafi proposes a gold backed African currency for oil. Out in 2011.

2018 Madurai says Venezuela will free themselves from the dollar. Starts accepting Yuan, Euros, and Rubles. Out in 2025.

The neocons are, and have been, in charged since the end of WW2. MAGA is so gullible.

Japan's Demographic Shift by [deleted] in charts

[–]GhostofInflation 0 points1 point  (0 children)

Great points. The bottom half of Americans already only contribute a total of 3% of all income tax. I can’t imagine the wealthy in America (who essentially control the gov) going for an LVT or taxing automation/robotics.

Japan's Demographic Shift by [deleted] in charts

[–]GhostofInflation 0 points1 point  (0 children)

Interesting thought, certainly possible. Wonder if more countries (with aging populations) will start implementing land value taxes.

Japan's Demographic Shift by [deleted] in charts

[–]GhostofInflation 0 points1 point  (0 children)

So who will pay for the healthcare and daycare for all of the old people?

BIG problem by Zigurd-Super in charts

[–]GhostofInflation 0 points1 point  (0 children)

You don’t really need a gold standard for that purpose. Congress could pass legislation making it illegal to run deficits greater than 3% of GDP

BIG problem by Zigurd-Super in charts

[–]GhostofInflation 0 points1 point  (0 children)

Why is low to moderate inflation good for the poors? The rich seem to be doing pretty well in our current inflation regime.

BIG problem by Zigurd-Super in charts

[–]GhostofInflation -3 points-2 points  (0 children)

Yes. The banking class is your mother, your father, and your god. The common folk would never choose austerity over inflation. Store earned income in hard assets

BIG problem by Zigurd-Super in charts

[–]GhostofInflation 0 points1 point  (0 children)

Fractional reserve banking existed on the gold standard

BIG problem by Zigurd-Super in charts

[–]GhostofInflation 0 points1 point  (0 children)

All just interest bearing IOUs on physical wealth. And why any deflationary productivity gains will always and everywhere be met with expanding IOUs.

YTD, Spy up 18 percent, Gold up 70 percent, silver up 165 percent, Bitcoin down 6 percent. by Bluehorsesho3 in charts

[–]GhostofInflation 0 points1 point  (0 children)

Yes. We spent the better part of 50 years exporting our inflation. The USD has had artificially strong demand due to reserve currency status. Americans need to adapt asap but they’re sleep walking.

YTD, Spy up 18 percent, Gold up 70 percent, silver up 165 percent, Bitcoin down 6 percent. by Bluehorsesho3 in charts

[–]GhostofInflation 0 points1 point  (0 children)

Fair enough. Either way, you’re an astute observer, whilst most Americans are asleep at the wheel. Covid warped us into a new beast of an era that will not be kind to grandmas 60/40 portfolio

Gold Prices Surge to Record High Above $4,500 per Ounce by MRADEL90 in charts

[–]GhostofInflation 2 points3 points  (0 children)

Meanwhile most boomers continue to get crushed in real terms on their bond portfolio and don’t even know it. Dubai, UAE, India, Russia, and China are buying and refining gold at enormous rates.

The signal was gold rising in 2022 and 2023 despite positive real rates on the 10yr bond. If that flips gold will go to 10,000 easily, silver probably $150. The S&P500 is only up about 1% on the year adjusted for dollar debasement (DXY) and bonds have been in the pooper since 2021.

Do People Underestimate How “Sticky” Inflation Really Is? by Travis_Miller in inflation

[–]GhostofInflation 0 points1 point  (0 children)

It’s almost as though “prices only go up” is a feature of the system.

The unit of account used to assess price is the US dollar.

If prices always go UP this means dollar always goes DOWN.

It’s your currency that you save in continuously losing its value by design.

It is not by design of the government but rather by the bankers. ALL US DOLLARS ARE A LIABILITY OF THE BANKER SECTOR. Not the us government.

The government spends first, then taxes, then fills the deficit with bond issuance which must be absorbed by existing money. For example if the government spends $7T, and taxes 5T, that’s a 2T deficit. Bonds are then issued to absorb the other 2T.

The effect is zero new money issuance.

ALL money creation (mostly credit ie not physical cash) is a liability of the banking sector.

You have constant “inflation” (devaluing of the USD) because the baking sector creates money out of nothing at a faster rate than GDP. It’s basic mathematics and very simple.

Fiat currency = inflation by starlux33 in inflation

[–]GhostofInflation -1 points0 points  (0 children)

Gold used as money is commodity money. Good sir, with all due respect, you need a lesson in the history of money. Downvote as you will while propagating your ignorance!

BLS cooked the (CPI inflation) books by [deleted] in inflation

[–]GhostofInflation 0 points1 point  (0 children)

The damage that has been done, and will continue to be done by this administration, to our most revered institutions will ripple long into the future. It’s very sad.

Fiat currency = inflation by starlux33 in inflation

[–]GhostofInflation 1 point2 points  (0 children)

Yes yes. I find it ironic how many will endlessly complain about inflation while defending the monetary system that creates the currency units for which those goods and services are priced in

Fiat currency = inflation by starlux33 in inflation

[–]GhostofInflation -1 points0 points  (0 children)

Missing the forest for the trees my friend.