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The Inflation Blame Game

The Inflation Blame Game

Now inflation is Russia’s fault. Or is it greedy businesses pushing up prices? Maybe a combination of the two.

It seems that government officials and central bankers are looking everywhere for a place to pin the blame for inflation except the one place they need to look — in the mirror.

I’m already seeing headlines about how Russia’s invasion of Ukraine is causing inflation. CBS broadcast this storyline on the first day of the invasion. As Peter Schiff put it in a recent podcast, Russia is the latest “excuse variant” for inflation.

It is true that the Russian invasion and economic sanctions have caused some prices to spike. Oil was over $130 a barrel over the weekend. Copper hit record highs. The price of wheat surged. But this is not necessarily inflationary. Inflation causes a general rise in prices across the board. In this situation, some prices will rise while others fall. As consumers spend more on food and energy, they will cut spending on other goods and services. Ostensibly, those prices will drop.

Inflation — an increase in the money supply — causes prices to rise more generally. It’s the result of more dollars chasing the same number of (or fewer) goods and services. As Peter explained, the culprit is the central bank.

What makes the prices go up is when the central bank responds to rising energy prices or rising food prices by printing more money, which is what they are going to do. Because as consumers have to tighten their belts because food is so expensive, because home heating oil and gasoline are so expensive, and they cut back spending on everything else, that causes a recession. And that results in the Fed printing more money, and that’s what’s inflationary.”

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Assessing Blame and the Victim Mentality

Its You - Final

Once we have traveled a path enough times, we remember the sequence of turns and specific landmarks more than the individual trees, houses or businesses on our route. As we travel down a familiar road, on a barely conscious level we tick off the various items that mark our progression towards our destination.

This cognitive shortcut allows us to devote brainpower to other pursuits while placing the driving/navigating on autopilot. This is precisely why the majority of accidents occur within thirty miles of home. Our attention level is greatly reduced while the normal hazards of driving are not.

Something remarkably similar is happening with regard to America in particular and the western world in general. From birth we are trained and conditioned to believe certain ‘facts’ and myths about our world as well as the processes we are to follow in order to navigate its various hazards, hurtles and pathways. At various stages we relegate select routes and practices to autopilot, thinking ‘OK, I’ve got that covered”.

In short, much of ‘life’ soon becomes routine and comfortably familiar (not threatening is a more accurate classification) and is quickly pushed to the cognitive background bearing the label ‘non essential’ and ‘already known’. The quickest and most effective cognitive method used to do so is to ‘label’ something, thereby associating it with preconceived and categorized known knowns’.

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Two Pieces of US Mass Media Propaganda (on Russia, Tamir Rice) Have Revealing Correlation

Two Pieces of US Mass Media Propaganda (on Russia, Tamir Rice) Have Revealing Correlation

US mass media outlets such as CBS, NBC, CNN, knowing that consumers are irrational, are attempting to lead viewers to conclude that Putin assassinated the Russian politician who was killed yesterday, or, at the very least, make them suspect as much.  This is part of what veteran journalists John Pilger and Robert Parry have both said is the most stunning display of propaganda they have seen in their careers, both of which have spanned several decades.

Another telling and interestingly related case is currently being displayed at NBC, which is headlining:Fatal Shooting of Cleveland Boy Tamir Rice Was Caused by His Own Actions: City

So, while NBC (like the others) is nefariously peddling the conspiracy theory, based on zero evidence, that Putin is responsible for the killing in Russia, it is simultaneously trying to shift the blame for the execution of a twelve year old boy off the US government.

The reasons for this are: 1) shifting blame onto Putin for a killing, with zero evidence, serves US propaganda which is working to prep the US public for further assault on Russia, and 2) shifting blame off of the violent US domestic police forces for the execution of a twelve year old boy entirely captured on video hurts US propaganda by exposing US brutality.

Here’s where it gets even more interesting:

When you look at the NBC site, it has the video of the Tamir Rice shooting, but the video starts after the shooting, while the police are mulling around. 

 

…click on the above link to read the rest of the article…

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