Menu
Cart 0

American are looking up at an avalanche waiting to happen and denying it is possible

Posted by John T. Reed on

Mark Levin and I are the only ones beating the watch-out-for-inflation drum. Tonight he showed a clip of Milton Friedman warning against government deficit spending that causes inflation. I sent Mark a copy of my novel in 2016 (it has a hyperinflation episode) and I sent him and others a news release on my inflation book a week or two ago. But I have never heard from him.
.
It’s not like he and I could change the nation’s course. That is what HE is trying to do. I see MY role as to help each individual avoid being stepped on by the crazed federal elected officials elephant.
.
There were clear winners and losers in past hyperinflation. I busted my ass researching all that. My 324-page book How to Protect Your Life Savings From Hyperinflation & Depression is jammed full of data and analysis. I had to take out some stuff I did not want to take out make it fit.
.
The basic principle is that inflationary fiscal and monetary policies eventually cause hyperinflation. Hyperinflation is an ivory tower word for what is better understood if you call it the death of the dollar.
.
A huge problem is the vast majority of the American people do not believe it is possible for the dollar to die. It has been around since the founding of the country they think. (not quite but no need to get technical) They think the dollar is like the land mass of the United States, mountains and prairies and oceans white with foam and 330 million NFL fans who kicked the Axis’s butts in 1945. WE are strong. Our currency must be just as strong. No, it’s not.
.
Size does not matter. Ratios do and the deficit and U.S. national debt ratios now suck and are getting worse by the day using the covid 19 virus as a pretext to put so much burden on the back of the camel that is the US dollar until that camel is crushed to death.
.
History also does not matter. What have you done for me lately does. Yes, we won big wars and we put men on the moon and we have been the biggest economy in the universe for over a century. But it don’t mean nothing if we pile so much debt on the dollar that we crush it.
.
And what happens to you if that happens? If you have not prepared for it, you are toast likely struggling with starvation in months. And if you prepare? You will be hurt to an extent, but not wiped out.
.
Americans also think if this can happen at all, it will happen gradually. They think they will get warning in time to prepare.
.
No, you won’t.  I liken it to an avalanche. I am in this analogy, an avalanche expert, You are a layman. We both look at a mountain peak covered by snow. You say, “It’s beautiful. I say, “The snow is too deep.” Avalanches give no warning whatsoever. You say, “It’s quiet. “Maybe the quiet before the storm,” I say. You say, “it’s motionless.” I say, “An avalanche is always motionless, until it’s not. One second, it’s motionless; the next second it is a monster moving at high speed destroying everything in its path.”
.
Another American reason to deny this possibility is the United States government would never allow such a monstrous injustice. Yeah, they would and they are. When it happens they will claim it is caused by Wal-Mart and Safeway and CVS suddenly simultaneously becoming unbelievably greedy.
.
And they will “fix” it by slapping price controls on everything. That will empty ALL store shelves and keep them empty until the price controls are lifted.
.
The gas station lines and red flags in 1973 and 1979 were caused in part by government price controls on gasoline and diesel.
.
Price controls do not end high prices. They end SALES of goods and services because they insist that one side of every transaction participate at a huge loss. No one will do that. That means an end to transactions.
.
We now have milk shortages frequently in supermarkets. And dairy farmers dumping milk on the ground. Without further investigation, you know the cause. Only government can create such insanity.
.
The producers of food, goods and services will stop producing them when they are not allowed to make a profit. At that point, they will only produce for export, which is exempt from price controls.
.
I plan to be eating food from America that was exported to the new country I am in, but not to my countrymen back home because of the price controls dissuaded Americans from producing food to sell to America. Again, only government can engage in such insanity. And they will continue to say it’s all Wal-Mart’s fault, as Wal-Mart disappears off the face of the earth for lack of products to sell.
.
There will be no warning except from me and Mark Levin. The US government will not save you. They are the evil villain doing this to you, although they will blame Wal-Mart.
.
There is no grown-up making sure this does not happen. There is no U.S. calvary blowing a bugle to announce their arrival to save you. There is no judge who will award you compensation to restore you to your previous net worth. You have trusted the untrustworthy and you may pay an extreme price for that mistake.

Share this post



← Older Post Newer Post →