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In order to defeat communism, decentralized money must be the norm

FocusOn1 7 Mar 26
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0

Doesn't seem to me it has much to do with communism.

Take a look at a couple graphs.

Gross Domestic Product [fred.stlouisfed.org]

Production: Manufacturing: Total Manufacturing for United States [fred.stlouisfed.org]

Has government policy made much difference in GDP?

GDP tracked manufacturing until 2007. What happened in 2007?

First I want to say I wouldn’t completely trust the graphs to reflect reality because the government constantly changes the way the data is calculated. It is also important to understand that economics is not a science, it is more theory than substance.

Here is another chart showing the rate of inflation.

Consumer Price Index for All Urban Consumers: All Items in U.S. City Average  [fred.stlouisfed.org]

You may note that a relationship between inflation and the previous two charts doesn’t exist.

Inflation it turns out is more closely tied to government policy than economic performance. Why is that important? Because the effect of inflation isn’t evenly distributed across socioeconomic classes. Look at the cost of food and energy for example. Do the upper class use that much more food and energy than the lower classes? It turns out that when food and energy costs exceed that of all items you can see the impact on the lower classes is higher than those better off. For the lower classes almost all of their income goes to necessities. Now take a look at the Dow Jones averages.

Dow Jones - DJIA - 100 Year Historical Chart [macrotrends.net]

Here again government policy did have a significant effect. The important point is the lower classes don’t have the opportunity to offset the effects of inflation through investments. Up until about 1980 however the negative effects of inflation more or less tracked Dow Jones performance. After that they became decoupled especially during the Biden administration. What becomes clear is that how government policy benefits the wealthy is more accurately measured by the difference in the rate of inflation and investment performance. There is a lot of politics that distort the way the data is collected but some things are harder to hide than others.

Another thing the charts show is that government policy does significantly effect the manufacturing sector. Just like inflation that affects the lower classes more than those above them. If you study the charts carefully it looks as if there has been a war against the lower classes starting around 2007.

What is clear is that Reaganomics wasn’t that significant a change except for inflation. What happened after 2007 was.

You can manipulate the perceptions of people more easily than you can manipulate the data, it turns out. Give people a little bread and circuses and tell them you care about them and you can hide what you are really about.

The greatest wealth transfer in history happened under Obama and is now happening under Biden. But don’t be fooled, it is hidden in the data. It started with Carter. This chart doesn’t really capture it because as I said inflation affect the lower classes more than those above them but it is what they want to focus on that distorts it.

What the data reflects is in a way how little it matters who is in power. How could that be?

wolfhnd Level 8 Mar 26, 2024

Well of course, the lower class don't understand that the dollar isn't money, it's fake, an illusion.

Wealthy people know that the dollar isn't money, they don't want it, they don't save it, they buy assets, not holding on to worthless cash.

The explanation of inflation benefiting the wealthy has to do with financial education.

Commies aren't financially educated, they think a broke indebted government will take care of them.

The poor homeless grovel over 50 cents begging in the streets, not realizing that trash they found on the roads worth more than 50 cents.

The entire world was brainwashed to believe the dollar is gold.

How? The dog salivates when you ring the bell, even when you don't bring food. The dog learned to associate the bell with food.

You see a big M and you think McDonald's hamburgers and French fries.

The big M isn't French fries.

The dollar was first backed by gold

Then it was illegal to own.gold, but legal to keep.dollars. The association of dollars to.gold began. Then the dollar was no longer backed by gold, now the conditioning is complete. People still think the dollar is gold.

Those charts don't mean anything to me to be honest.

@FocusOn1

It doesn't really matter to me as long as you understand the basic problem comes down to ethic or virtue.

0

A centralized currency is not the problem. Thinking it is money is the problem.

The dollar is basically food stamps

@FocusOn1 Mere tokens

1

America needs a Gen. Franco, too!

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