Comments by "Jim Luebke" (@jimluebke3869) on "8 Times TRIGGERnometry Predicted the Future" video.

  1. "How will peoples' behavior change if they think they're watched all the time?" They'll start performing lies.
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  2. "Paying credit card debt is just another form of savings" What a crock. You pretended to have enough money for something if you bought it on credit, and the credit issuer went along with that. The idea that somehow credit magically CREATES money is AN ARTIFACT OF THE SYSTEM. Just because demand is dislodged with respect to time, does not mean that it is somehow increased.
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  3. Inflation is money supply times velocity, vs. total production Velocity CAN approach zero, it's true -- but it is still bounded, and has a normal range. If you increase the money supply by 50%, then you let velocity get back to normal (or more realistically, have a spike in pent-up demand) you're going to get inflation with both a transitory aspect (the demand spike) BUT ALSO a durable inflation of 50%. Another problem is, if your aggregate production doesn't climb -- if you can't get people back to work, or if there are no suitable jobs for them because you're doing World Systems Theory and have systematically destroyed the sectors they're suitable for -- you're also going to have inflationary pressure from that. You can put a brake on velocity with higher interest rates, but there is going to be pressure from special interests who depend on cheap money, to try to soak up the additional money in the system with confiscatory taxes. Expect THAT to cause political instability (to say the least).
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  4.  @cannaroe1213  A "good deal" bought with magically printed money is only non-inflationary if the production would simply not have occurred (and the people involved would have been unemployed) in any other case.
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