America Needs a Good, Old-Fashioned Economic Depression
By Jay Zawatsky The National Interest
July 25, 2016
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Yes, central bankers can print currency units, but not food, energy or other commodities necessary for sustaining life. As basic commodities become more scarce or are priced out of the reach of average folks, wars, riots, rebellions, diseases and repressive governments will result. All of this human suffering will be the progeny of ZIRP, QE, and NIRP, which in turn are the progeny of the replacement of the gold standard by the Ph.D. standard.
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If we stipulate that this is good “economic medicine” and central banks have no incentive to stop “printing currency units”, then what is the trigger for a depression? Or what is the recognition factor that wakes up “We, The Sheeple” to the reality of one big ugly “economic” chicken coming home to roost.
In Venezuela, it had to be the unavailability of toilet paper at any price.
What will it be here in the USA?
Since “printing the currency units” will lead to inflation, it’s important to hide that fact from “We, The Sheeple”.
But sooner of later, the inputs to production will be bid up and that has to be reflect in the price to the end consumer. At some point, the outputs can not be produced for a profit and compensate for the risk involved.
So when the shelfs begin to be missing “stuff”, that’s the trigger.
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