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Reminder that inflation isn't a phenomenon that's beyond our understanding or ability to control. Inflation is the result of business owners choosing to raise prices in order to increase their rate of profit. That's all it is.
Businesses were willing to charge more before, and have always been greedy. So what changed?
It's the result of Fed creating trillions of dollars and then immediately using that money to prop up the stock market by adding to their balance sheet.
This is essentially giving cash to stockholders. Since 10% of the population owns 90% of stocks, that's a big cash handout to the richest segment of society.
Stock owners can sell their stocks, and get the inflated price thanks to Fed cash. Or they can use the inflated price for collateral on loans.
Meanwhile this money does not go to workers, they instead deal with the consequences: their real wages drop, and the minimum wage now buys much less than it used to, erasing labor protections.
The recent inflation is caused by government controlled by capital giving welfare to the richest. It's not so simple as "they suddenly realized they should raise prices".
If the main cause is increased monetary supply, it's going to get far worse as the world de-dollarizes.
The USD enjoys an exorbitant privilege because its the world's premier reserve and trading currency. Under the old rules, if the Fed printed more money, other countries would buy it to settle their international trade and as a safe harbor for their wealth.
The extraordinary sanctions against Russia have caused countries to shift to other currencies to settle trade since they still want/need to buy oil, gas, and food from Russia. That means that there's going to be a lot more USD with no foreign escape valve.
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This!
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Bold of this article to think the fundamentals of the economy will survive the coming climate apocalypse. Where the hell can I invest my money in growth when everything is either burning or flooding. Coffins?!?
Yeah, the future looks pretty bleak for young people. I'm in my 30's and my retirement plan is fighting for survival or, preferably, dying.
Don't worry, you will die of starvation long before your die of fire and flood.
Can you do me next? How do I die?
Anal fissures.
Ok, me next. What's gonna do me in?
The world's most intractable case of dandruff.
DRS GME to stop global financial fraud
My retirement plan is for a NATO-backed fascist paramilitary death squad to gun me down for harboring trans people
Go Harriet Tubman and get strapped if you're going to bring the Underground Railroad back in style. 
My last words are going to be "Nice Walther PPK, NEEEEERD."
Retirement? My "retirement plan" is subsistence rat hunting in a bombed out Walmart, what good will money do me? Campfire tinder?
No worries. I'm poor now but I'm going to be a billionaire next week anyway.
Capitalism works!
so... like the rest of us have already found out - they can never retire unless they choose to do so in poverty.
: "At least porky wasn't told what to do, better dead than red!"
God dang Porkys butthole. Every time Looney Toons come on, y'all put Porky's Butthole on. I figure last night and the second cartoon come on, it was Porky's friggin' ol' Butthole. I said surely y'all ain't gonna put last till Porky's freakin' Butthole. I don't see why in the heck you think these dang ol' youngins are - cause they gonna Porky's dang ol' Butthole time after time, after time, after that time, and don't ever get tired of it.
These comments read like /r/collapse
Welcome to America
The rest of the world has the same problem but is not ready for eating rats and feces yet.
I'm a millennial, and I'd just like for my knee to stop buzzing and my wrists to stop hurting so that I can be prepared for the Impending revolt. Because all of this gestures broadly while wincing is bullshit.
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Or a crowbar and some comrades
Do you guys want to agree to do some mass suicide cult thing instead of retirement?
Let’s suicide the billionaires first and we’ll go from there
I will agree to it but not follow through. Close enough?
that's too much, where's jack kevorikian?
You could just move to Canada where their wonderful system will cure you of your poverty with a prescription of "Just kill yourself".
i need an eeyore emote
Which one of us is going to be the first to commercialise the suicide booth?
Y'all need any beta testers?
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this post was submitted on 22 Aug 2023
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United States | News & Politics
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