The Govt won't confiscate your savings account to make you a peasant. They can expropriate the value through inflation. As the govt gains purchasing power by printing money to cover its budget deficits, the resulting inflation diminishes the purchasing power of your savings.
This is why responsible, conservative monetary policy matters. We're spending our way into a really poor future for our children and grandchildren, and no one on either side of the aisle seems to care.
Price increases over last year
Gasoline: +49.6%
Used Cars: +37.3%
Gas Utilities: +24.1%
Meats/Fish/Eggs: +12.5%
New Cars: +11.8%
Overall CPI: +7%
Food at home: +6.5%
Electricity: +6.3%
Food away from home: +6.0%
Apparel: +5.8%
Transportation: +4.2%
Shelter: +4.1%
The value of your dollar, your spending power, your dollar's ability to compete in an open market is vanishing.

bls.gov/cpi/
The mechanisms behind Russia's 1st hyperinflation began with the devaluation of the ruble during the WW1. The Imperial government's military expenditures led to large budget deficits, which it financed by issuing unbacked paper currency after leaving the gold standard.
The Tsar abdicated in the midst of a failing war effort, economic decline, and political unrest. After the first revolution, the Provisional Government took charge of a country in turmoil and made the situation worse
with bigger deficits and printing more money even faster.
After the 2nd revolution, the Bolsheviks did the same. This also happened in Austria, Hungary, Germany, and Poland. The consequences of war, destruction, territorial loss, political turmoil, and bad economic policy were enough to cause hyperinflation in all of these countries.
In the US we're experiencing +20yrs of war, shifting of global hegemony, supply chain breakdowns, internal political turmoil, targeting of citizens labelled dissidents, and bad economic policy with runaway fed printing.
dc.etsu.edu/cgi/viewconten…
The most typical mistake that countries have made throughout history when facing these issues is to continue with financing government budget deficits by printing unbacked paper currency. Time and again nations have failed because of this. We are walking into folly.
Be kind to your neighbors.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with CulturalHusbandry

CulturalHusbandry Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @APhilosophae

12 Jan
Thread.
1) How it works:
-Govt needs currency
-Treasury prints bonds
-Fed creates money out of thin air and buys bonds from govt
-Govt now has new currency created out of thin air by Fed
-Taxpayers owe interest & principal on bonds, & pay fee to Fed’s shareholders = public debt
2) How it should work
-Congress makes annual budget
-Tax revenues are collected
-Budget shortfall (deficit) is new debt-free US Notes issued by the US Treasury itself
-No bonds or US Public Debt required to issue our own currency
3) US taxpayers paid $562 Billion in interest alone in fiscal year 2021 to issue our own currency out of thin air in the form of bond debt.
Read 12 tweets
10 Jan
Ex-Khazak Prime Minister, Spy Chief, and Joe Biden’s Close Business Associate, Karim Masimov, Arrested and Charged With Treason in Kazakhstan.

thetimes.co.uk/article/karim-… Image
The former security chief of Kazakhstan has been charged with treason as the death toll from last week’s protests rose to more than 160.
According to emails from Hunter Biden’s laptop, US President Joe Biden’s Crackhead son referred to Kazak spy chief Masimov as a “close friend.” Both Joe and Hunter have met with Masimov.
thenationalpulse.com/2020/10/30/bid…
Read 5 tweets
10 Jan
As this turns into just another childhood or winter respiratory virus the millions of people psychologically destroyed wont all of a sudden lighten up. They'll still be paranoid, in the workforce, in politics, raising kids, and imparting Covid hysteria into everything they do.
They're your neighbor, friends, family, and coworkers. They were told by media, by politicians, celebrities, and thought leaders that the world was ending. And they were convinced the only way to save it was to give up their God given rights. And to make sure you did too.
How a mass +2 year psychological operation is reversed is anyone's guess. But for decades to come we're going to be living with many millions who are terrified to see peoples faces, speak face to face, or even attend small sized gatherings of a dozen or less. They'll need help.
Read 4 tweets
7 Jan
1)
I dont disagree with much in this thread, but concerning the 29 second clip from yesterday:

We can no longer give these supposed constitutionalists any slack. The document and traditional Americans are under full assault.
2)
The ruling class demands strict obedience to its cause by those it controls. AOC or Nancy would never be allowed to call Jan 06 a nothing burger. We still have a few elected members who we control, that still truly serve. We must now be just as rigid with them.
3) If we are not, we will have taken the compromised route to our own demise. Sovereignty, individuality, family, religion, and the constitution all hang in the balance. Here, there is to be no compromise. Rigidity of cause must be demanded of our elected members.
Read 4 tweets
30 Dec 21
Thread. Part 2.
Read 23 tweets
28 Dec 21
UK Inches Closer To Eliminating Private Car Ownership
autos.yahoo.com/uk-inches-clos…
UK Government Transport Minister Trudy Harrison recently said it was necessary to ditch the "20th-century thinking centred around private vehicle ownership and towards greater flexibility, with personal choice and low carbon shared transport."

The Great Reset continues.
Harrison went on to praise public transportation, bike share services, e-scooters, and ride sharing platforms. There is also a mobility credit program. Give up your car & the govt gives you £3,000. This program has been going since March, with 73 cars turned in and crushed
Read 7 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(