Authored by Michael Snyder via The Economic Collapse blog,
The pieces of the puzzle may fit together in ways that you do not expect. For years, the global elite have been openly telling us that one day we will all own nothing, we will have no privacy, and we will be extremely happy with our new socialist utopia. But exactly how do they intend to transition to such a society? Are they going to come and take all of your stuff? Needless to say, there are millions upon millions of very angry people out there that aren’t just going to hand over their stuff to a bunch of socialists. So how are they going to overcome that obstacle?
Well, the truth is that they don’t need to take your stuff to implement their goals.
All they need to do is to destroy the value of your money.
If your money becomes worthless, you will start descending into poverty and it won’t be too long before you become totally dependent on the government.
And as the stuff that you have right now wears out, you won’t be able to replace it with the worthless money that you are now holding.
Eventually, you will own virtually nothing, but you probably won’t be very happy about it.
So high inflation is actually a tool that the global elite can use to further their goals.
The good news is that I do not believe that the global elite will ever be able to achieve their utopia.
The bad news is that they won’t be able to achieve their utopia because western society is going to completely and utterly collapse during the times that are ahead.
But for now, inflation is going to be one of the hottest political issues as we head into 2022. On Friday, Vice-President Kamala Harris acknowledged that higher prices are having a huge impact on American families…
“Prices have gone up and families and individuals are dealing with the realities of the bread costs more, the gas costs more, and have to understand what that means,” she said. “That’s about the cost of living going up. That’s about having to stress and stretch limited resources.”
Harris said that is a “source of stress for families” that is “not only economic, but is, on a daily level, something that is a heavy weight to carry.”
Of course her “solution” is to get Joe Biden’s agenda through Congress, and she knows that all of that spending will inevitably create even more inflation.
The socialists over at NBC News are trying to help the Biden administration by putting a positive spin on the inflation crisis. In fact, NBC’s Stephanie Ruhle is trying really hard to convince everyone that inflation is not a problem because we all have more money to spend these days.
But as I demonstrated last week, the truth is that inflation is rising much faster than our paychecks are, and that means that our standard of living is going down.
And inflation is one of the big reasons why the University of Michigan Consumer Sentiment Index just hit the lowest level since 2011…
At the same time, the University of Michigan Consumer Sentiment Index tumbled to 66.8 for November, according to a preliminary reading Friday. That was the lowest since November 2011 and well below the Dow Jones estimate of 72.5. October’s reading was 71.7, meaning that the November level represented a 6.8% drop.
If you are among those that think that things are bad now, just wait, because they will soon get even worse.
At this point, even Neel Kashkari is publicly admitting that inflation is going to continue to rise in the months ahead…
Minneapolis Fed Chair Neel Kashkari on Sunday said inflation in the U.S. will likely see “higher readings” before numbers taper off, as Americans grapple with rising prices nationwide.
“The math suggests we’re probably going to see somewhat higher readings over the next few months before they likely start to taper off,” Kashkari said during an appearance on CBS’s “Face the Nation.”
The Federal Reserve has lost control, and 2022 is going to be a very “interesting” year from an economic standpoint.
On Sunday, we learned that the average price of a gallon of gasoline in California has almost reached five dollars…
California gas prices hit an average of $4.676 Sunday, beating its previous record average price of $4.671 for regular gasoline set in October 2012, according to AAA.
Gasoline prices are going to continue to move higher, and that is really bad news.
Just about everything that we buy has to be transported, and so higher gasoline prices are going to fuel even more inflation.
Sadly, those that are on the bottom of the economic food chain are the ones that are being hurt the most. At this point, many food banks are really struggling to purchase enough food because price hikes have become so severe…
America’s largest food bank struggles to feed people amid a perfect storm of surging food prices and supply chain woes.
Katie Fitzgerald, COO of Feeding America, a nonprofit organization that operates more than 200 food banks across the country, told AP News that her network of food banks is already stretched thin due to the unprecedented demand spurred by the virus pandemic downturn in the economy last year. She warned that it has become more difficult for her organization to absorb food inflation, resulting in fewer families being fed this holiday season.
Used farm equipment is another area where inflation is hitting really hard.
According to one index, the price of used farm equipment was up 22 percent during the first nine months of 2021…
The index is up 22% in the first nine months of the year and poised to make its biggest gains yet in the fourth quarter, a boom that’s turning a normally quiet corner of the farming market into Exhibit A of the inflation surge coursing through the U.S. economy. The market has all the ingredients fueling inflation in industries like cars and TVs — soaring demand from cash-flush buyers, the semiconductor shortage, congested ports and rails — with the added irritant of the labor stoppage at the world’s largest farm-machine maker.
The match “is now lit,” Peterson says, “and it’s lit while there’s a John Deere strike.”
So many problems have converged all at once.
Some have used the term “a perfect storm” to describe what we are facing, and I think that is definitely quite appropriate.
If you are waiting for life to “get back to normal”, you are going to be waiting for a very long time. As MN Gordon has noted, pre-2020 prices are now gone forever…
Pre-2020 prices, much like pre-1965 prices, are gone forever. Deficits of $5.9 trillion over the 24 months ending September 30, 2021, and a Fed balance sheet expansion of nearly $5 trillion over the same period, have irrevocably damaged the entire pricing structure of the financial system and the economy.
Price inflation is on the move. Reality can no longer be covered up with Washington’s lies. We expect this episode of inflation will be one for the history books.
I wish that I had better news for you.
I really do.
But sooner or later, this is what socialist regimes always do.
They tell us to study hard, get a good job and work as hard as we can.
And then they give our money to people that haven’t done any of those things.
Eventually they run out of other people’s money, and so then they just start wildly creating more.
Unfortunately, every time that this has been tried throughout history it has always ended in disaster, and now it is our turn.
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Some how these people in the food bank lines all have the latest smartphones, $400 hair dos, elaborately painted fingernails, and drive late model expensive cars.
Go figure!!
You are painting all of them with a wide brush. There is some truth to what you say but, it is no where near the majority. I’ve worked at my churches monthly food giveaway and although I would occasionally see the expensive car pull in, most people were driving beaters that squealed when they pulled up (needing brakes or belts). The large majority were those truly in need. I even wonder if those that drove the nice cars had not lost their jobs and were in temporary help/need.
That’s the kind of thing I would see, too.
brewer…during Obozo’s reign, I sat in my car watching folks getting signed up for their free ” Obozo Phones” . None of the cars that stopped and got free phones was older than 4 years . Many were fairly new cars and the owners were well dressed and coiffed .
I am sorry, I meant to say that I shared Brewer’s experience in that most are in need, and sometimes people recently in that situation might not look like they do need help. This is going to vary by demographics, I would assume.
Before the insanity of “covid” our church had the last week of the month for a meal program. Seven days of very good hot meals. The parking lot was always full. Fat people, wow, lots of them. Occasionally I would see a drug addict or a mother with a couple of small children who needed the meals. It stopped almost two years ago when the government forced them to close. Obviously those people didn’t starve.
Obesity is a problem all over the US, and especially it seems, in the south. Walk into any Walmart and what is the biggest aisle in the store and located in more than one place? Sweets. Candy, sugar and carbs.
Indeed, The new American food pyramid–high fructose corn syrup, soybean oil, chicken nuggets, and fried potatoes. All poisons and no nutrition–empty calories. All a body can do is store it somewhere till death do ye part.
Many dring several sodas a day: coke, pesie, mt dew, etc full of HFCS. eating chips, pastries w/ trasfats.
Fat people still get hungry because their bodies are starving in there. It’s just that they make very bad choices at every opportunity. And so they get fatter still. Sad, many people do not recognize nor will they eat real, nutritious food.
They are in debt. make payments and do their own hair and nails.
Yep, the accoutrements of our culture have captured them. They are already slaves and don’t know it. They are house poor, car/truck poor, phone and media poor, and now inflation is making them everything else poor too. At least when it all collapses their obesity will sustain them for a little while..
I apparently know a lot of individuals that are on the socialist choo-choo, they started to come out during Trump and now exhibit full in your face, socialism is America’s future.
It’s very easy to point out all the other nations that have tried a socialist economy that failed, miserably. These people somehow believe in american exceptionalism, that our elected representatives can/will do socialism better than the rest, that our “leaders” actually care about their constituents.
All the while claiming how they “Hate this fucking country”
It’s impossible to have a conversation with brain dead fucktards, so yup, it should be easy to convince the majority they will own nothing and be happy, as long as they burn this fucker from the top down the frogs won’t know their water is starting to boil……….is this our 4th Turning?
Just look at the E.U. which is a socialist hell hole. We are next.
Socialism is America’s present … and past.
The future is much worse than that.
Only a fool would be motivated to start a family today. No future for a decent life. Older people look back and realized they lived during the best times this country ever had, people whose parents lived thru the gt depression and ww2. Younger people are taught to embrace socialism and tyranny.
The countries debt and the dollar make some sort of collapse a sure thing, it’s just a matter of time.
Certain people are coming up with a way to deal with it and maintain power and keep the scam going.
(meaning the FED wants to stay in power) A CBDC and change are coming.
To funny.
The poster shows all this historic data on how they are going to do this. Yes we get it this has been done before. We know the plan.
But then they stop. They develop a fear based post and are so ok with this. Read me. READ ME!
But they almost always ( this one for sure ) forget to tell us how it NEVER HAS WORKED IN HISTORY AND WILL NOT WORK THIS TIME.
Sure they can stack up a lot of bodies. Kill a lot of people. But the fact is this ALWAYS winds up with the ” leaders ” dead and as we know the victors do not write the history.
SURVIVORS write the history and it will not include the BBB folks, They will be dead.
Inflation will raise long term rates and cause debt destruction as well as dirth of new debt formation. Cash will become scarce even though it will become more plentiful.
Loans to farmers and energy companies will rise. And so will their prices. Wages will soon rise and remain sticky even as real estate falls in price .
We are heading for more hoarding of a devalued dollar into a scarcity of employment.
Over in Europe, one country takes your property simply by imposing a new regulation forcing you to maintain your house. The people then have to take out loans against their home that they cannot pay back and the home is foreclosed.
It will soon start here, as environmental laws are pushed in communities to upgrade appliances, windows and heat pumps esp. We got rid of our house several yrs ago and moved into a senior apt complex.
Destroying the currency is a feature of the great reset, or switcheroo, or ripoff, or whatever term you prefer. They are sure that the path to a peaceful world full of happy serfs they own cannot be reached until the very idea that mutts aspire to possession and the right to acquire/disburse has been replaced with a desire to be a supplicant as a real goal embraced, not imposed. They are well on their way to this, they desperately hope. This will take a while. All them boys driving F-350’s towing boats and trailers aren’t going to just quit their acquisitive ways, I guarantee you. Karen will, so will LaNeisha and Percy, but those folks really don’t matter. Their kids do thus the rush to jab them.
The sooner the Establishmentarians go all in on the SDR/fed coin/ model of trade accounting (which is way above retail and always will be) their fat will be in the fire. It is going to be an unholy mess, and a lot of people are going to be desperately, bitterly unhappy, but the Establishmentarian reach will far exceed their grasp. It will all fail, with a huge debris field and decades of both revenge and rebuilding. An entirely new global order will emerge once that mess cools down.
Remember that what we are living thru is the END of the decadent old ways. Gates/Soros/Fauci/Kim Kardashian/BLM/USA are all way past their best by date. What is next? Damned if I know. After the transition (in a hundred years? Less?? Don’t know) decent people will re establish some common sense and first principles, holding their leaders to same. Until then, don’t let Snyder scare you too much. There is a long way to go yet.
Snyder, like Quayle and others never have a solution either. Afew others do, and say to: form resistant groups in your community and act.
In my own case, I’ll have passed away before that happens, but I’ll happily show a few of them out on the way.
While the article is premised on everyone losing everything thru inflation and currency devaluation to the point where its all worthless. It would only be true if the most of the citizenry accepted this position and did nothing to mitigate its effects.
Imo, while admittedly its gonna get real bad for a time, in the end it will be beneficial, again imo. The ONLY people sitting around willingly complying and relying on govt largess will be the lazy woke parasites that live in the cities for the most part. The rest of us will develope a barter system and use alternative ‘currencies’ like PMs for trade outside your normal trading/bartering circles.
People will start redeveloping tradecraft and skills to meet theirs and others around them, needs. Imo, the resistance to the collectivist oligarchs will be the flyover country folks that start producing locally and trading locally again. Its flyover folks that can shut the taps off of those woke parasites in the cities.
Its going to get interesting….
Just look around, Brian. There is a complete underground economy flourishing already. A lot of people around these parts have been on the barter system for years. I fixed a guys work truck and he did a bunch of electrical for me. You supply your parts and it’s labor for labor.
Not many “useless eaters” out here in the sticks.
Gonna suck to be city-bound
I have a good hedge against inflation and tyrants…it’s called ammo .
In other Communist revolutions, non-ownership of property and business was the exact same as YOU WILL OWN NOTHING. See what they did there??? This is the HAPPY Merikan commie revolution.
Will you REALLY be a happy NON-OWNING slave? Who in their right mind falls for this crap?
1. Abolition of private property in land and application of all rents of land to public purpose.
2. A heavy progressive or graduated income tax.
3. Abolition of all rights of inheritance.
4. Confiscation of the property of all emigrants and rebels.
5. Centralization of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly.
6. Centralization of the means of communication and transportation in the hands of the state.
7. Extension of factories and instruments of production owned by the state; the bringing into cultivation of waste lands, and the improvement of the soil generally in accordance with a common plan.
8. Equal obligation of all to work. Establishment of Industrial armies, especially for agriculture.
9. Combination of agriculture with manufacturing industries; gradual abolition of the distinction between town and country by a more equable distribution of the population over the country.
10. Free education for all children in government schools. Abolition of children’s factory labor in its present form. Combination of education with industrial production, etc. etc.
Yeah, that’s not gonna work around here. Not enough armies in the world to make America into this.
a9- That is why they are planning to kill most of us off, per usual.
A9racer: And the younger/middle aged compliant dumbed down generations taught in public schools to embrace socialism, will not resist the tyrants, but sell their souls and future generations as a member of the covidian cult. Most born in the mid ’60’s on. . Only when mass die offs and more older people who were taught values die off, it will be an easy take down. Give it afew more months.
No one in their right mind, but unfortunately many Americans are of the Hive mind which glorifies every leftist ideal. By the time all their cultural creature comforts disappear and they realize they’ve been used it will be too late. They won’t even know how to get out of the rain–helpless and homeless they will only bleat to no avail. They will not be happy.
Not to worry.
This is all going to get MUCH worse.
Give Klaus et al some lead to the head and they’ll be happy .