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The Global Inflation Nightmare That You Have Been Warned About Is Here-Toilet Paper Money
Many Americans are
rightfully worried about the future of America.
- Record-high government debt and
counting (projected to hit $31.4 TRILLION by 2030)
- Taxes that could rise
significantly. In fact, NYT reports, “Biden Wants to Raise Your
Taxes”
- A Federal Reserve who just
confirmed it would keep interest rates near 0% until the economy recovery
gains ground. So all the handcuffed Fed can do is basically print
more money (look out inflation!).
These are all legitimate concerns…
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…
The U.S. dollar is being transformed into “toilet paper money”, and we
are rapidly approaching the point of no return.
At least if our paychecks were rising as fast as the cost of living
was, American families would be able to keep up with the escalating prices.
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.
In explaining why this is happening, Bloomberg got
half the answer correct…
Emerging markets are feeling the pain of a blistering surge in raw
material costs, as commodities from oil to copper and grains are driven higher
by expectations for a “roaring 20s” post-pandemic economic recovery as well as
ultra-loose monetary policies.
No, there is definitely not going to be a “roaring 20s”
post-pandemic recovery.
That is a complete and utter fantasy.
But it is quite true that we have seen “ultra-loose monetary
policies” all over the globe. Not since the days of the Weimar Republic
have we seen anything like this in the industrialized world.
As the global money supply continues to expand at a frightening
pace, other factors will weigh very heavily on global food production.
For example, the other day I wrote about the giant hordes of
locusts that
are currently ravaging East Africa, and now Saudi Arabia is
being hit hard as well…
Horrifying footage shows a swarm of locusts filling the sky in the
town of Mahayil in the Asir region of Saudi Arabia.
In a nightmarish clip, filmed by someone standing in the street on
February 23, the locusts hang overhead like a swirling black cloud as they fly
around outside people’s homes.
As the camera is turned around 360 degrees, it becomes clear
nearby buildings are all completely surrounded by the ravenous insects as far
as the eye can see.
The head of the UN World Food Program has publicly stated that
there will be “famines of biblical
proportions in 2021”, but here in the United States many people don’t take warnings
like that seriously because we still have plenty of food in the stores.
And so far, food inflation in this country has not been overly
dramatic.
But we are seeing crazy inflation show up in other ways. If
you can believe it, a Luka Doncic rookie card just sold for 4.6
million dollars…
At $4.6 million, the most expensive basketball card ever sold is a
signed Luka Doncic rookie card featuring the NBA Logoman patch from a game-worn
Dallas Mavericks jersey.
Collector Nick Fiorello bought the 1-of-1 card on Feb.28, which is
second in all time in sports cards to a 1952 Topps Mickey Mantle card that sold
for $5.2 million. It was first sold for $2.8 million in April of 2018. It then
became the largest known sale of all time in January of 2021 when Rob Gough
purchased it for $5.2 million, according to actionnetwork.com.
When I was a kid, I loved to collect sports cards.
It looks like I should have stayed with that hobby.
Even more bizarre, a 10 second video clip just sold for a
whopping 6.6 million dollars…
In October 2020, Miami-based art collector Pablo Rodriguez-Fraile
spent almost $67,000 on a 10-second video artwork that he could have watched
for free online. Last week, he sold it for $6.6 million.
The video by digital artist Beeple, whose real name is Mike
Winkelmann, was authenticated by blockchain, which serves as a digital
signature to certify who owns it and that it is the original work.
Why in the world would anyone spend more than 6 million dollars
for a video clip that can be watched online for free?
It doesn’t make any rational sense at all, but this is what can
happen in a highly inflationary environment.
All of the money that our authorities have been creating has to go
somewhere, and one of the places where it has been going is in to
cryptocurrencies.
Coming into this year, the price of Bitcoin was just under
$30,000, and now as I write this article it is sitting at $49,160.
If you have done well investing in Bitcoin and other
cryptocurrencies, I would take advantage of these extremely high prices while
you still can.
At any time, governments around the world can decide to crack down
on them, and New York Attorney General Letitia James gave us another reminder
of that fact on
Monday…
New York Attorney General Letitia James sent a blistering warning
to investors and industry members about the dangers of cryptocurrencies on
Monday.
“We’re sending a clear message to the entire industry that you
either play by the rules or we will shut you down,” she said in a press
release.
As conditions in this country continue to deteriorate, eventually
there will be a huge shift in demand.
When things get really bad, people are not going to be
so interested in collectibles and speculative investments. Instead, there
will be tremendous demand for food, commodities, farmland and other essential
assets.
I really wish that our authorities weren’t destroying the value of
the U.S. dollar, but this is the path that they have chosen.
So now we all get to suffer the consequences, and they won’t be
fun.
Also read:
Brace Yourselves For The Most Dramatic Shift In The Standard Of Living In All Of U.S. History
They are assuring us that we don’t have to be concerned about
“inflation” because they have everything under control. Do you believe
them? The value of the U.S. dollar has been steadily declining for a long
time, and most Americans have grown accustomed to having the cost of living
rise at a faster pace than their paychecks do. But over the past 12
months an enormous paradigm shift has begun. Instead of devaluing our
currency a little bit at a time, now our leaders are going “full Weimar”.
NOTE: We have an epidemic of
ignorance in the USA-Learn & fight back with this highly useful DVD/Book
package
SIDEBAR:
Why is it that so many survival foods come from a time long
forgotten? Some of the most well-known survival foods are so old, it's hard to
even peg their origin. They are often so effective that people of different
nations figured out similar foods along their way.
The reason for this is simple. Every
good survival food must have five certain features...
How to Make Bannock, A Healthy and Delicious Survival Food
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3 comments:
So many people have their head in the sand-only concerned with a 'I got mine' outlook when they get their allowance [$1400] from Uncle Scam while foolish cities & states get their risky & failed financial policies bailed out-Socialism at its 'finest.'
Truth is in short supply-thankfully, we read your articles!
Anyone know he we can start a new country?
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