Comments by "Curious Crow" (@CuriousCrow-mp4cx) on "Japan Just Flipped, The Rest Of The World Is Next..." video.

  1. It's not zero inflation at all. You can't have zero inflation because of two things: Fear and Greed. Yes, producers set prices, but their motivation is not to provide a charity, but to produce profit. And people like getting wealthy. But not even producers can control events. Everything was OK until globalisation broke down because of Fear and Greed in 2008. That greed led to the Eurodollar Offshore Capital Market getting bent out of shape, and becoming really risk adverse. The truth is Fear of being ripped off again means liquidity needs to pumped in to persuade Eurodollar lenders to lend. The trust is gone, and when ygat happens their a premium to pay, and the only people that can find that money to stop the global financial system seizing up is the US government. But who are they subsidising? U.S. Banks. Back in the 2000's it was expected that profits from banking would decline, and there would be some rationalisation, because the banking sector is too big. You have too many banks all chasing the same money, and what's worse is that the banks stopped investing in the real economy. They've moved over to speculation, asset bubbles, the Stock Market, and derivatives. And the non-bank financial institutions are going down the same route. Hoarding money kills economies, but... People like getting wealthy. Wealthy enough to buy the politicians, the media, and everything else that's supposed to protect the masses. And the Fed ireal mandate is to deflect attention from the things that are rotting the global financial system - Increasing wealth inequality, economic colonialism, and climate change. And what's worse is that the big kajhunas running the show know the way things are is not sustainable, but they won't admit it that. The Fed can't fix global supply chains, or geopolitical tensions, or climate change, and all of those are drivers of inflation external to the US. Elites will never admit they screwed us up good because of their own fear and greed. So the Fed has to be seen to tidying up the whoopsies left on the carpet. S OK unemployment has to go up, and inflation has to burn through, because there is less opportunity to fiddle the currency value to offset it, because the global economy is interlinked, and liquidity is in low supply. Frank Baum was right about the Fed being the Wizard of Oz, or as Jeff calls it, the Janitor.
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