RANT: The more I read on the MSM regarding inflation and what people are saying about it, the more I'm wondering if people have not lost their fucking minds?
This inflation is NOT what the normies on the street believe it is, nor what they are being told. It has nothing to do with "a booming economy".
1. The worldwide economies and GDP are NOT expanding, they are contracting.
2. People are NOT getting paid more, they are getting minor salary increases that drag WAY behind the actual inflation rate. Or getting no salary increases at all, while the cost of living is skyrocketing. People are also drowning in debt and have virtually no savings and no hard assets.
3. The worldwide labor participation rate is NOT growing, it is falling and has been falling since 1996. Just go look at a chart.
4. The rising cost of goods and services that people are seeing is NOT due to "an overheating worldwide economy that is booming." It is NOT demand-driven inflation (aka more fiat dollars chasing the same amount of goods and services), it is supply-side constrained inflation (the same or less dollars in the hands of the Average Joe chasing WAY LESS AMOUNT of produced goods and services available). And once all the printer go brrr money makes its way into the street economies, the rising prices will only get worse due to more fiat devaluation and even more supply restriction.
5. It's FAR LESS overall goods and services being produced now because of a) A shift to just-in-time supply chain, b) stagnant inventory levels dried up, and c) less goods being made because overall worldwide demand is much lower and continuing to fall (They are laying off people right and left worldwide everywhere, the Chinese factories are even laying off Chinese factory workers by the tens of thousands for gods sake!)
https://money.usnews.com/investing/news/articles/2022-03-16/reeling-from-chinas-crackdown-alibaba-and-tencent-readying-big-job-cuts-sourceshttps://www.dw.com/en/china-layoffs-mounting-as-factory-output-shrinks/a-19084072-0If the worldwide economies were actually booming, then we wouldn't be seeing these massive layoffs and labor participation falling, we'd be seeing the exact opposite -- massive hiring sprees and more competitive salaries. Labor participation rate numbers would be soaring back to 2005 or even late 90's levels. People would be getting massive sign-on bonuses and raises, and have better job opportunities everywhere. And goods and services prices would actually come DOWN due to more competition, not move up. There are far more monopolies now on everything, so far less competition too.
6. BOTTOM LINE: Corporations and supply chains, that now have a monopoly on everything, are raising prices on less produced goods and services to maintain or exceed profit margins in order to stay in business and keep up with/outrun inflation. That's it.
People just. do. not. fucking. get. it.
The MSM needs to stop with the gaslighting.
/RANT
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