Could Inflation Break the Back of the Status Quo?
Political resistance to the oligarchy's financialization skimming operations will eventually cripple central bank giveaways to the financial sector and corporate oligarchs.
That inflation and interest rates will remain near-zero for a generation is accepted as "obvious" by virtually the entire mainstream media. The reasons for this are equally "obvious": central banks have the power to suppress interest rates indefinitely by creating money out of thin air and using this new cash to buy bonds in unlimited quantities; and the commoditization/ globalization of labor, capital and production has generated a global backdrop of over-capacity and near-zero pricing power.
But suppose for a moment that this confidence in near-zero interest rates and inflation as far as the eye can see is wrong. As I have demonstrated this week,rising interest rates and inflation would break the back of the status quo.
What makes inflation difficult to grasp is its multi-faceted character. Inflation is a monetary dynamic, to be sure, as creating new fiat currency in excess of increasing production / productivity reduces the purchasing power of the currency.
But as I have shown this week, inflation is also one result of cartel capitalism, in which politically powerful cartels can raise prices and reduce quantity and quality without fear of consumers going elsewhere because the cartels have effectively eliminated competition via regulatory capture, lobbying and the immense advantages of unlimited credit from central banks.
Inflation is also tied to the incentives for fraud in our system: lowering quality as a means of Inflation Hidden in Plain Sight increases profits at the expense of consumers who have few means to detect and measure the reduction in the value of what their money buys.
Inflation is also the result of revenue-hungry governments which jack up junk fees, stealth taxes and outright taxes while delivering lower quality services.
UN to Probe Whether Iconic Secretary-General Was Assassinated
Newly discovered documents revive claim that Dag Hammarskjold may have been killed by South African agents backed by the CIA.
False Flags Fluttering in the Empire’s Hot Air
The good news for the US “deep state” is that Blacks in the US can very much accomplish the same function as the refugees do in Europe: they are a vocal, mostly deeply alienated minority, with a great deal of pent-up anger against the rest of society which can very easily be set-off to create riots and commit crimes. It is also rather easy to find a few crazies amongst them to start murdering policemen (the ideal symbol of the oppression) and create a sense of crisis acute enough justify the use of police, National Guard and, potentially, military forces to restore and uphold “law and order”.
The Coming War on China
John Pilger talks about China, Okinawa, and U.S. policy in Asia.
Sugar-Coated Lies: How The Food Lobby Destroys Health
Simply because the food industry is able to resist regulation. The CEO report notes that the food industry has vigorously mobilised to stop vital public health legislation
