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Deflation, The Clear and Present Danger

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The real danger today is not the war in Ukraine but with the current Administration on track to keep the inflationary train running. This could push recession into a deflationary crisis worse than the Great Depression. And, if this happens over 90% of Americans will become financially papalized. This financial and economic nightmare cause by the Biden Administration ineptness and the Fed’s reactions dealing with trying to curb inflation is the real and present danger this nation faces today.

Many confuse the term deflation with inflation. In economic reality deflation occurs when there is a contraction in the volume of available money or credit that results in a decline of general price levels. Keep in mind that deflation is more damaging than inflation in that it creates a downward spiral in which the expectation of falling prices reduces demand and pushes prices even lower as it happened in 1929. When there is a decline in prices and still no one can afford to make purchases, deflation is the end result. This is often caused by a reduction in the supply of money or credit. Deflation can be caused also by a decrease in government, personal or investment spending. The opposite of inflation, deflation has the side effect of increased unemployment since there is a lower level of demand in the economy, which can lead to an economic depression. Central banks have attempted to stop severe deflation, along with severe inflation in the past but are failing miserably today. All the Fed has done has accelerated deflationary trends in every Quantitative Easing policy they have made. Today, some may point out that there is juggernaut of financial calamity steaming toward the economies of the world. The reality facing the world today is that we are all precariously close to falling into another Great Depression.
It has been over 90 years since the Great Depression and yet history is about to again repeat. Through lust, greed and a total disregard for morals has corrupted and corroded the economy of the worlds industrialized nations. Many would have thought that with the coming of the 21at century man would have risen to greater heights in eradicating poverty. But the exact opposite has occurred. Today there is more widespread poverty all across the globe that has not been seen since the 1930′s.
We have to realize what actually produces a robust and stable economy. What this Administration has done by cutting off the keystone pipeline, along with much of the oil supply chain, impose sanctions on Russia and sold millions of barrels of our oil reserves to foreign nations is a testament to Biden’s failings to understand just what is necessary to produce a vibrant and stable economy. When the sources of fuel that are necessary to power the modes of transport that keep the supply chain functioning, are no longer available causes a ripple effect that causes the inflation rates not seen since the 1970′s

What the fed has done with rising interest rates is added more fuel to the inflationary fire we are seeing today. And the current reactionary policies to curb greenhouse gases have also proved disastrous further exasperating the supply chain from reducing the inflation. This is because the modes of transport have been delayed or prohibited from moving cargo to distribution points and form distribution points to stores. All this adds more fuel to the already high rate of inflation. In California when we are in such need of keeping the supply chain running smoothly the environmental policies are really not effective in reducing greenhouse gases but are most efficient in reducing the supply chain form becoming fully functional. All this does is adding to the inflation rate going even higher.
The ineptness of this Administration and congress to recognize the danger from the policies of the past year and a half is inexcusable. What needs to be done now is to retract our sanctions on Russia, open up the Keystone Pipeline, do everything to ensure the supply chain remains unplugged by removing policies that hinder the offloading of containers to a smooth transition to modes of transport for distribution, Lower interest rates, negotiate a cease fire with Ukraine and Russia, and realize the failing of Biden’s Build Back Better bill. Doing this will ease the current increase of inflation and save the United States from a clear and present danger of Deflation.

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