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On his Substack, The Dossier, Jordan Schachtel explains that inflation is a weapon used by the elite to take power. Inflation, as explained many times by Dr. Ron Paul, makes the wealthy wealthier, and the poor poorer as a proportion of total wealth. Schachtel suggests that this time, the elites may have gone too far in promoting inflationary policies, and the entire system could collapse. He writes (abridged):
In a free market economy, price inflation and deflation will happen naturally, and market forces will ultimately restore order.
However, in 2022, we live in a society completely detached from a free market, and the fact that we are seeing consistent, devastating inflation and monetary debasement is entirely a product of our ruling class.
It doesn’t take a PhD in Austrian economics (real economics) to realize that there is absolutely no organic trigger for the inflation you’re witnessing today. Given the amazing technological advances of the past couple of decades, our stuff should be getting significantly cheaper through price deflation, not more expensive. Energy should be abundant. Property should be affordable. All of our stuff should be a lot cheaper.
For quite some time, inflation has been used as a weapon to hoover up power for the elites. Both the U.S. system and the Eurosystem purposely create inflation (primarily, through a debasement-driven monetary policy) with the clear but unstated end goal of empowering a small network of individuals and groups.
For many years, things were going just swimmingly. Through continuous war, currency manipulation, other manufactured crises, and the like, this small cartel — which sometimes engages in friendly competition amongst themselves, but never engages in activity that threatens to spoil the fiat party — has seen tremendous success.
But now we are witnessing cascading failures, and the system looks like it might break. Decades of Keynesian madness, far detached from the laws economics, threatens to cripple the power drunk authoritarians.
The elites want inflation, but they certainly do not want *hyperinflation,* which will blow up their whole system. “You will own nothing and you will be happy” only works if the plebs remain committed to their system. If their system breaks, all bets are off.
By Jordan Schachtel, The Dossier
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