Comments by "DrScopeify" (@drscopeify) on "Forbes Breaking News"
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Well inflation is rising at a much slower pace 3.4% instead of over 9% thanks to the FED's raising of rates and supply chain recovering after COVID and people getting back in to the work force. Inflation never actually goes down unless you take away and destroy people's wealth like during the 2008 melt down as house values crashed people lost value of their homes and got scared and stopped buying stuff so prices went down, very little but they still went down 0.3% in 2008 and in the next year 2009 we were back to normal inflation so that was a pretty small change even with all the damage so if you really want prices to fall you need something way way bigger like the Great Depression when prices went down 25% but most of the American people had to suffer for it, many lost their savings as large banks collapsed and there was no safe guards so all the money they held was gone, stocks crashed hard, companies disappeared and farmers and factories had no buyers, it took 20 years to recover after the the Government spent a lot of money in WW2 and people once again had stuff to do.
It is important to remember, falling inflation = fellow Americans wealth is getting crushed which is not a great thing really, and the rich only get richer by getting a rare chance to buy poorer peoples stuff for cheap. Inflation is actually scary to wealthy because their existing/old wealth value deteriorates, their old money becomes worth less then new money. If you hate the rich you want inflation, your debts to the wealthy becomes worth less as new money is inflated making it easier to pay off debts. However, the wealthy getting crushed means everyone is getting crushed so yeah there is no way to win that game.
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Nothing is wrong with the USA, we are only seeing 3.2% inflation is that going to break an economy? Of course not. The USA had super low inflation for 15 years after 2008 an average around 1.4% so we were actually too low on inflation which forced the FED to keep rates very low which increased the price of homes. Now we should see much more stable economy with better inflation rates. At the end of the day inflation is not a bad thing, you get paid more $, you force Americans to get off their butts and get back to work. Only 62% of Americans at working age are actually working that is very low, so many lazy Americans, Germany for example is at 80% we are missing 18% of the American people that are not working. Inflation lights a fire under them to get back out there and join the economy, get GDP going. The USA has a big lost potential if we had 80% working like in Germany the GDP could be up instead of 3% it could be 5%, everyone gets wealthier the more people take part in the economy. They get paid, can spend more, buy more, build more.
On top of all this the USA is one of the only countries in the world that we can close the door, shut down all trade with the outside world and become incredibly wealthy as a nation. We have enough oil and gas, we have enough manpower, more food production than any country except India but they have 1.4 billion humans to feed we only have like 330 million, Americans eat too much food but that's another story.
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