Today we are going to talk about "inflation". There are many evil economists who have been advocating "inflation". Are they afraid that people will live in poverty? Many economists say: "Inflation" is good for people! I wonder how someone who uses their butts thinking can become a PhD in America? I don’t know if the IQs of economists from Ivy League schools have even graduated from elementary school? I feel that the mathematics I learned in elementary school is enough to PK with these Ph.D. and Ivy League economists! Everyone must think again: Is the Ivy League schools really worth about it? The most expensive thing in these schools is the "graduation certificate". In fact, is really graduated with the diploma and have a qualify abilities? I doubt it! The United States uses these "certificates and diplomas" to set the world back 1,000 years! These "certificates and diplomas" are the "eight-legged essay system" of the Qing Dynasty! Although the wages of the poor have increased hundreds of times due to inflation, hasn’t the wealth of the rich also increased hundreds of times? "Inflation" will only make the poor poorer and the rich richer! For example: 1,000 salary x 100 times = 100,000 salary, a rich person’s wealth is 10 million x 100 times = 1,000 million. . . . Do you understand economics? Let’s talk about deflation again: Poor people’s salary of 1,000/10 times = 100 salary (Generally, deflation has little impact on the poor. This is just an example, but it is impossible). Generally, people with a salary of 1,000 will indeed suffer little loss when encountering deflation, and may not even suffer any loss. A rich person’s 10 million (property)/10 times = 1 million. If the government really wants to narrow the gap between the rich and the poor and gives a few fines, the gap between the rich and the poor should not be too big. In this way, the centripetal force of the people will be stronger, and the rich will not have the right to bully the poor! The "gap between rich and poor" will cause "the rich bullying the poor". If the gap between everyone is not big, how can there be rich people bullying the poor?
Why do I say: "Inflation" is the rich reaping the wealth of the poor? Let’s look at the Soviet Union and Germany as the best examples! One loaf of bread sold for 690,000 marks! Everyone in the Soviet Union had tens of thousands of Soviet coins, but they couldn't even buy a piece of bread! Just like the example I gave you, our salaries are rising because of inflation, but our prices are also rising because of inflation! "Inflation" increases 100 times, and the wealth of the rich also increases 100 times! The wealth of the rich is 100 times greater, which naturally widens the gap between rich and the poor. Every economic crisis in the United States has caused an "inflation". Every "inflation" in the United States has caused "the gap between the rich and the poor to widen"! "Inflation" has absolutely nothing to do with "interest rates"! "Inflation" is simply caused by "excessive currency issuance"! Look at Zimbabwe, it is because of the over-issuance of "currency" that "inflation" occurs. The over-issuance of "currency" devalues the currency, thus causing "price increases"! Someone asked: Why is the U.S. dollar so strong despite its over-issuance of currency? It is because the U.S. dollar maintains "high interest rates" that the U.S. dollar exchange rate appreciates! "Inflation" is serious in the United States, and the U.S. dollar currency exchange rate has risen sharply. This is all artificially controlled! Excessive currency issuance causes "inflation", while "high interest rates" cause the US dollar exchange rate higher than other countries! Why do this? Because only in this way can make the most profits of capitalists be "maximized"!
The American people are supposed to have the most Us dollars in their hands, but due to "high inflation", consumption in the United States has increased, and the US dollars will quickly flow back into the hands of capitalists! Capitalists are taking advantage of the "appreciation of the U.S. dollar exchange rate" to buy high-quality assets around the world! Do you think "high interest rates" and a "strong US dollar" are really good for the American people? If the Federal Reserve did not "over-issue currency", it would not cause "high inflation". Then the "high exchange rate" would only be beneficial to the people when traveling abroad and importing goods! "High interest rates" can maintain a strong U.S. dollar, and U.S. imported goods will become cheaper. "High interest rates" should logically cause "deflation"! What is "deflation"? That is, high interest rates will cause prices of various commodities to fall! The most important thing is: US GDP will fall significantly! There is another problem: As the U.S. dollar exchange rate appreciates, the import figures reflecting the U.S. dollar will become smaller! What does this mean? That is, when the United States no longer spends a lot of money to import goods, everyone will basically ignore the U.S. market! Inflation will increase the number of U.S. imports several times. Many exporters believe that the United States is a market with great consumption potential. Only in this way will everyone be willing to continue to do transactions with the United States and continue to hold U.S. dollars! Is this a "deception" that everyone with an elementary school IQ understands?
Why do American people live so hard? Because our inflation is indeed quite serious! The American people don’t have to blame anyone else! We don’t have to blame China! It’s just that the American people are too stupid! We are firmly controlled by the capitalists! I have already said: The United States has only two paths: First, the "US dollar credit" goes bankrupt, and the US dollar must issue new US dollars, and it must be linked to gold! Second, the U.S. government must have the "right to issue currency"! The United States belongs to the American people, but the right to issue currency in the United States lies in the hands of the Federal Reserve! What is the "Fed"? The Federal Reserve is a combination of several banks! The "Federal Reserve" has the power to issue currency, and the "Federal Reserve" also has the power to control U.S. dollar interest rates. I want to ask: Isn't this a rhythm that lets people die? The Federal Reserve's over-issuance of currency caused "inflation", and the Federal Reserve raised interest rates again, causing "the appreciation of the U.S. dollar exchange rate"! The Fed not only kills the American people, the Fed also harvests the wealth of poor people around the world!
How does "inflation" harvest the wealth of the poor? I want to ask us poor people: does our income keep up with the "inflation index"? The simplest example: a lunch box was $7 before, but now it is $15. Our salary was originally $1,500, but now it has become $3,000? Of course not! Just like the pension for the elderly. The Retirement used to be $1,000, but now it is $2,000? No! But we need to know: the wealth of the rich grows exponentially! The wealth of the rich may increase 3-50 times. Why? Because inflation has no bottom line! The profits in some industries is 50 times the profit! This is how inflation harvests the wealth of the poor! What the rich multiply is their "assets", while what the poor multiply: "goods prices" and "our debts", the most important US debts belongs poor American people! Basically, the increase in wages for the poor is negligible! Who dares to say that inflation is good? The next time you encounter those brainless economists, just kick them out of office! This kind of person must have bought his or her diploma! All I need is elementary school math to do this, these PhDs and Ivy League experts have no brains! Why can't the people of "Soviet Union" and "Germany" afford bread?