When you add it all up, you get a strange sense that nothing we are being told is real. According to official data, the dollar has lost about 23 cents in purchasing power over the last four years. Absolutely no one believes this. Depending on what you actually spend money on, the real answer is closer to 35 cents or 50 cents or even 75 cents…or more. We do not know what we cannot know.
We live with a don’t-ask-don’t-tell economy. No one wants to say hyperinflation. No one wants to say economic depression. Above all else, never admit the truth: the turning point in our lives and the precipitating event to the whole calamity for the world were the lockdowns themselves. All else follows.
I've always viewed USA as a country under inflation. US has always been much more costly in comparison to Asia. Why? US is bigger in size, better in productivity, the USD is the king currency, everything is so adequate. But the general public there has to pay more for almost everything. Ununderstandable!!
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IMF has declined it though!!!
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108 sats \ 1 reply \ @grayruby 26 Jun
It's a soft landing Siggy. Soft landing. If they repeat it enough times, everyone will believe it and when a hard landing comes they will say "no one could have seen this coming" and print trillions of dollars to start the cycle all over.
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Very true, especially "no one could see this coming"
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most people just decide to be ignorant it is obvious Inflation rates have indeed been higher than usual in various parts of the world, affecting consumer prices and potentially eroding purchasing power
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People prefer to deceive themselves and live in a lie rather than open their eyes and face reality...
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Eventually, this will no longer be possible to even the most disinterested person. But you are correct in your implication that most will ignore as long as possible. Wonder what effect this will have in forming another mass psychosis that puts the lockdown period to shame?
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According to official data, the dollar has lost about 23 cents in purchasing power over the last four years. Absolutely no one believes this.
Huh? Loosing 1/4 since 2020? Why should no one believe this? A quater is a lot, it's very close to exactly the m2 money supply increase.
Looosing 1/4 is price increases of 1/3. A restaurant meme from $15 to $20. Sounds about right. Supermarket items that were $1 going to $1.30ish? Yeah, exactly.
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Inflation is bad no matter what. Getting lost in the numbers of how much is a distraction. It's bad no matter which number.
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Fake is the New Real!
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But look, the DOW and SNP are up. Doesnt that mean the economy is doing better than before? lol
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I think we have been in a recession for some time(since Fall of 2023), but right now the cracks are starting to make its way to many normies across the country.
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I believe so. However, it would most likely spare India.
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