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Our world is being ruled by psychopaths, and good people are paying a terrible price because of this.
You’re correct Greg, as usual. We aren’t spending our way out of inflation because it is all being purchased with debt. Pull that thread further…. We are inflating away our debt, with no expectation of payment – the proceeds of which go to very few, gratis. When the wealth transfer is over and the rug of nominal wealth is pull out from under people’s feet, I wonder how many will just stumble about in shock?
I wish we had a currency that was not controlled by a small minority who use it for war and personal power.
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