{"id":17823,"date":"2016-02-15T17:28:32","date_gmt":"2016-02-15T22:28:32","guid":{"rendered":"http:\/\/olduvai.ca\/?p=17823"},"modified":"2016-02-15T17:55:24","modified_gmt":"2016-02-15T22:55:24","slug":"the-inevitability-of-dramatic-inflation-by-jeff-thomas-the-inevitability-of-dramatic-inflation-subscribe-to-international-man-2-no-one-is-very-concerned-about-inflation-right-now-and-thats","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=17823","title":{"rendered":"The Inevitability of Dramatic Inflation"},"content":{"rendered":"<h3><a href=\"http:\/\/www.internationalman.com\/articles\/the-inevitability-of-dramatic-inflation\" target=\"_blank\">The Inevitability of Dramatic Inflation<\/a><\/h3>\n<div class=\"im-image\"><img decoding=\"async\" src=\"https:\/\/d24g2nq85gnwal.cloudfront.net\/images\/authors\/inflation1.jpg\" alt=\"The Inevitability of Dramatic Inflation\" \/><\/div>\n<p>No one is very concerned about inflation right now and that\u2019s understandable.<\/p>\n<div id=\"article-body\" class=\"margin_top_25\">\n<p>Although inflation exists in some sectors of the economy, the present subject of discussion is\u00a0<em>deflation<\/em>. Any depression is inherently deflationary since spending is curtailed, which drives prices down.<\/p>\n<p>Since 2008, despite all the fudged reports emanating from governments, much of the world has been in a depression since 2008 and remains in one. This will continue until such time as there is a true cleansing of the system \u2013 a step the leaders of each jurisdiction have avoided as much as possible, choosing instead to extend the party as long as possible before the inevitable collapse occurs.<\/p>\n<p>Since deflation is the problem that\u2019s staring us in the face\u00a0<em>now<\/em>, most economic discussion deals with it. But, historically, when deflation occurs, governments do everything they can do reverse the problem and return to inflation.<\/p>\n<p>To the average person, one type of \u2018flation is as bad as another type of \u2018flation \u2013 he merely hopes for economic stability. And so the effort by governments to not only\u00a0<em>accept<\/em>\u00a0inflation but to\u00a0<em>recommend<\/em>\u00a0its existence as policy seems odd. But then, governments (and banks) benefit from inflation.<\/p>\n<p>People can only be taxed so much before they rebel, but inflation acts as a hidden tax and most people don\u2019t recognise that it\u2019s not the number of currency units one possesses that matters, but what level of purchasing power they have. Inflation allows the individual to retain his currency notes, but devalues them so they buy him less in goods and services. Inflation is the\u00a0<em>unperceived<\/em>\u00a0tax.<\/p>\n<p>The US Federal Reserve has done a sterling job of exacting wealth from US citizens. Since it was created in 1913, it has devalued the dollar by roughly 97% and the dollar is now due for replacement.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Inevitability of Dramatic Inflation No one is very concerned about inflation right now and that\u2019s understandable. Although inflation exists in some sectors of the economy, the present subject of discussion is\u00a0deflation. Any depression is inherently deflationary since spending is curtailed, which drives prices down. Since 2008, despite all the fudged reports emanating from governments, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[202,303,413,426,6228,11658,538,3650],"class_list":["post-17823","post","type-post","status-publish","format-standard","hentry","category-economics","tag-deflation","tag-fed","tag-hyperinflation","tag-inflation","tag-international-man","tag-jeff-thomas","tag-money-printing","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17823"}],"version-history":[{"count":3,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17823\/revisions"}],"predecessor-version":[{"id":17829,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17823\/revisions\/17829"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}