Inflation means inflation whatever passes for the money supply. Inflation has varying effects on the general price level and on specific prices. That said, if you inflate the money supply like developed world governments and their central banks have been doing the last year, it’s a pretty good bet that it will drive up most prices. From Michael Snyder at themostimportantnews.com:
If you thought that authorities all over the planet could print, borrow and spend money like there was no tomorrow without any consequences, you were being delusional. Since the beginning of the COVID pandemic, we have witnessed the greatest monetary binge in world history. Of course that was going to cause enormous problems. Of course that was going to cause nightmarish inflation. Anyone with an ounce of common sense should have been able to see that. When the value of money is tied to nothing, “more money” is always such a tempting solution for those in power. But as history has demonstrated over and over again, going down that path almost always leads to tragedy.
In our case, it will be the poorest people on the planet that suffer the most. According to Bloomberg, basic food staples are dramatically spiking in price all over the globe…
Global food prices are going up, and the timing couldn’t be worse.
In Indonesia, tofu is 30% more expensive than it was in December. In Brazil, the price of local mainstay turtle beans is up 54% compared to last January. In Russia, consumers are paying 61% more for sugar than a year ago.
And as Albert Edwards has pointed out, annual inflation in cereals has hit 20 percent, which represents “the highest annual rise since mid-2011 when the Arab Spring was in full flow!”
If prices continue to rise like this, it is just a matter of time before we see widespread food riots all over the globe.
Few people know how many pies in which Bill Gates has his greedy fingers. From Joseph Mercola at lewrockwell.com:
“Bill Gates — What You Were Not Told,” a segment of the Plandemic documentary,1 reviews the personal and professional background of the Microsoft mogul, Bill Gates. Contrary to popular myth, many see Gates as more of an opportunist than a genius inventor, and the video touches on several of the less honorable moments of his career.
After years of building a reputation as a “ruthless tech monopolizer,” Bill Gates 2.0 was launched with the creation of the Bill & Melinda Gates Foundation. With this foundation, he reinvented and rebranded himself as one of the world’s most generous philanthropists.
Gates’ Charity Is Not What It Seems
Alas, as noted by AGRA Watch,2Shiva Vandana, Ph.D., and others, Gates’ brand of philanthropy creates several new problems for each one it solves and can best be described as “philanthrocapitalism.” As noted in the AGRA Watch article, “Philanthrocapitalism: The Gates Foundation’s African Programs Are Not Charity,” published in December 2017, advocates of philanthrocapitalism:3
“… often expect financial returns or secondary benefits over the long term from their investments in social programs. Philanthropy becomes another part of the engine of profit and corporate control. The Gates Foundation’s strategy for ‘development’ actually promotes neoliberal economic policies and corporate globalization.”
That Dr. Fauci has been virtually canonized notwithstanding a string of contradictory statements, abundant political posturing, and a maladroit response to the coranavirus is a complete mystery. From the Issues and Insights Editorial at issuesinsights.com:
Dr. Anthony Fauci has impressive credentials and a lengthy tenure as a top-level government health official dating back to 1984. But his performance during the COVID-19 pandemic has been abysmal, with politicized non-science-based edicts and frequently reversed “medical advice” that have confused and frightened Americans.
Just a week ago, Fauci made what to some was a stunning admission: “We’ve done worse than most any country” in managing the outbreak, he said. We say “stunning” because Fauci, as head of NIH’s National Institute of Allergy and Infectious Diseases, is the official most responsible for the U.S. response.
His 2019 pay of $417,608 makes him the nation’s highest paid federal official. As a scientist, he’s held in very high esteem by many, particularly those on the left, who see his sweeping powers – lockdowns, masking, social distancing – as a nifty means of social control. It’s control of 330 million people via social isolation and nonstop browbeating of those who dare to diverge from the oppressive “new normal” we all now experience on a daily basis.
The big problem has been Fauci’s pronunciamentos are often nonsensical, not supported by science or contradictory. “These are my principles,” Groucho Marx once said. “If you don’t like these, I have others.” That’s Fauci.
If these statistics are right, the cure is definitely worse than the disease. From Patrick Delany at lifesitenews.com:
Pfizer’s vaccine killed ‘about 40 times more (elderly) people’ and ‘260 times’ more of the young than ‘what the COVID-19 virus would have claimed in the given time frame.’
LifeSiteNews has produced an extensive COVID-19 vaccines resources page. View it here.
March 1, 2021 (LifeSiteNews) — While in January a group of independent doctors concluded that experimental COVID-19 vaccines are “not safer” than the virus itself, a new analysis of vaccine-related death rates in Israel demonstrates that this may indeed be the case to dramatic levels.
A re-analysis of published data from the Israeli Health Ministry by Dr. Hervé Seligmann, a member of the faculty of Medicine Emerging Infectious and Tropical Diseases at Aix-Marseille University, and engineer Haim Yativ reveal, in short, that the mRNA experimental vaccine from Pfizer killed “about 40 times more (elderly) people than the disease itself would have killed” during a recent five-week vaccination period. Among the younger class, these numbers are compounded to death rates at 260 times what the COVID-19 virus would have claimed in the given time frame.
While the full mathematical analysis may be found in the article itself, the authors demonstrate how among “those vaccinated and above 65, 0.2 percent … died during the three-week period between doses, hence about 200 among 100,000 vaccinated. This is to be compared to the 4.91 dead among 100,000 dying from COVID-19 without vaccination.”
U.S.—Leftist protesters began to riot, mostly peacefully, over the start of Women’s History Month, since the hateful tradition implies there is such a thing as men and women.
“Women’s History Month is perpetuating the toxic idea that there is a biological category called ‘women’!!!” screamed one woman at a riot in Portland. “It’s time for this patriarchal holiday to come crashing to the ground, so we might forever end the class known as ‘women.'”
“Down with women! Down with women!”
The protesters marched down the streets of U.S. cities, decrying the month as hateful and bigoted for its sexist, TERF-sympathetic implications. They threw bricks at anyone with obvious feminine features, assuming them to be perpetuating the idea that “women” exist, though they did accidentally bash in the skulls of some Antifa males.
In place of Women’s History Month, the protesters are asking for a “Scream at the Sky Month,” which will be like all the other months but only a little bit louder.
When patients ask anesthesiologists what we charge for putting them to sleep, we often say we do it for free. We only bill them for the waking up part.
This isn’t just a way of deflecting a question, it also serves as a gentle reminder to both parties regarding the importance of “coming to.” If we couldn’t regain consciousness, what would be the point in having the surgery in the first place? Nobody wants to experience pain and fear if it can be avoided. If the only way to avoid the pain of an operation is to temporarily be rendered unconscious, most people will readily and willingly consent to that, as long as we can return to our natural state of being alert and interactive with the world around us. We are awake and aware and that–rather than any particular conception of health–is our most precious gift.
How does Anesthesia work ?
From an Anesthesiologist’s point of view, we really shouldn’t charge for putting someone to sleep. It’s too easy. With today’s medications, putting someone to sleep, or in more correct terms, inducing general anesthesia, is straightforward. Two hundred milligrams of this and fifty milligrams of that and voilà: you have a completely unconscious patient who is incapable of even breathing independently. The medications we administer at induction are similar to the lethal injections executioners use. Unlike executioners, we then intervene to reestablish their breathing and compensate for any large changes in blood pressure and the patient thereby survives until consciousness miraculously returns sometime later.
In addition, those in my field have to contend with the reality that we really don’t know what we are doing. More precisely, we have very little if any understanding of how anesthetic gases render a person unconscious. After 17 years of practicing Anesthesiology, I still find the whole process nothing short of pure magic. You see, the exact mechanism of how these agents work is, at present, unknown. Once you understand how a trick works, the magic disappears. With regard to inhaled anesthetic agents, magic abounds.
There is currently a lot of attention being paid to new Democrat-proposed gun control laws, particularly House Bill 127, which would require national registration and licensing of all firearms, would ban broad categories of semi-automatic weapons, ban most ammunition magazines, and so on. One of the most frequent replies to these proposed laws is that there are not enough local or federal SWAT Team door-kickers to go house to house on gun confiscation raids, and if they tried, they would 1. soon run out of door-kickers and 2. instigate Civil War Two.
But in the modern digital era, I believe that Team Tyranny won’t have to do much door-to-door gun confiscation. I think that a few show-piece gun confiscation raids using overwhelming force at 4AM (that are designed for network TV audiences) will be sufficient. Instead, they’ll just send citizens a notice by text, email and registered snail-mail that they already know what newly-illegal guns they possess. This list will be based on AI programs scraping and data-mining your social media history, credit card purchases, and all past FFL sales records, which surely will be collected as part of the new law.
All of this information will be knitted together much the way that the IRS does business. I borrowed this paradigm from “Old Curmudgeon” on a Free Republic thread:“Have you noticed how the IRS manages to enforce the tax laws? Every taxable transaction is documented by multiple parties so that one party’s failure to report will be revealed by the another party’s paperwork. Then the person who violated the tax law is made an example of, a horrible example, causing reasonable people to be very afraid of the IRS. They will use a similar method to end gun ownership.”
Negative real interest rates mean there’s no way to save for retirement with even a modicum of safety. From Simon Black at sovereignman.com:
Warren Buffett minced no words in his most recent annual shareholder letter (which came out over the weekend) when he told investors that “retirees face a bleak future.”
Buffett was referring to the pitifully low interest rates that dominate fixed income investments (like bonds and annuities).
In September 1981, he writes, investors could buy a 10-year US government bond yielding nearly 16%.
Now, inflation was a lot higher in the 1980s than it is today. But even after adjusting for inflation, the average annual yield for any investor who held that 1981 bond to maturity over the next decade would have been 5.7% per year.
Today, that same 10 year bond yields just 1.4%. But the official inflation rate in the United States is also 1.4%. This means that, after adjusting for inflation, your net yield today is ZERO.
What’s even more incredible is that there are obvious signs inflation may be on the rise; for example, the most recent Producer Price Index of wholesale price inflation reached its highest level since 2009.
Yet simultaneously the Federal Reserve keeps saying that they want to keep interest rates low. And they’re doing their best to push the 10-year yield even lower than 1.4%.
In other words, inflation could go higher, and interest rates lower. So anyone who buys bonds will actually suffer a negative yield after adjusting for inflation.
And this is precisely what Buffett was talking about.
It wouldn’t be the end of the world if China restricted its exports of rare earth elements. From Doug Casey at internationalman.com:
International Man: Rare-earth elements (REEs) were in the news recently. What is the significance of these 17 obscure elements from the periodic table?
Doug Casey: Obscure elements seem to come into public view every few decades, typically during a commodity bull market. I remember the so-called “strategic metals” boom, back in the early 1980s, when everybody went wild about cobalt and tantalum, among other elements. I remember there was a well-known broker in New York who was actually selling 55-gallon drums full of cadmium to naïve clients. There are probably, even now, some poor people with the stuff stored in their garages.
This is a cyclical phenomenon, not unlike what’s happening with stocks like GameStop. It’s mostly a consequence of too much money being printed and lots of it looking for a place to hide.
Now it’s the turn of rare-earth elements. Many readers will recall them from chemistry class. More technically, most of them are also known as lanthanides, in their own row at the bottom of the periodic table. They’re actually not all that rare. Fun fact: Cerium is more common than copper in the earth’s crust. That is indicative of the problem. REEs are generally widely dispersed, but there are relatively few places where deposits are concentrated enough to be considered ore.
Economic deposits of REEs may be somewhat hard to find, but there are scores of known REE resources, not counting the millions of tons of electronic junk that can be recycled for them. But the lack of minable reserves is solvable with higher REE prices. There are also problems in mining, concentrating, and refining that are peculiar to REEs. Mining anything can be messy, of course, but REE’s chemical characteristics make them more of a problem than many minerals. Although, this is nothing that can’t be solved with inputs of capital and technology.
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