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News & Current Events + Happenings
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Consumer Prices Rising More Than Expected, Expect Hyperinflation by 2020 Reader 02/14/2018 (Wed) 17:33:23 Id: e43522 [Preview] No. 6502
US consumer prices rose more than expected in January, adding to fears that inflationary pressures could lead the Federal Reserve to 'tighten monetary policy' at a faster pace.

The Consumer Price Index, or CPI, increased 0.5 percent in January, above expectations for a gain of 0.3 percent, according to data from the Department of Labor. The year-over-year increase was 2.1 percent, above expectations for a 1.9 percent gain.

Core CPI, which excludes volatile food and energy components, rose 0.3 percent from the previous month, above forecasts of 0.2 percent. It is up 1.8 percent on a year-over-year basis. Economists had expected 1.7 percent.

Markets reacted immediately. Before the release of CPI, stock market futures indicated the market would open higher. With the news, stocks are set to open higher. Bond yields rose.

Investors have been focused on the question of inflation in recent weeks. Many believe that higher inflation could prompt the Federal Reserve to raise interest rates at a faster pace, which could shadder the 'economic' fantasy Americans continue to feel good about.

https://archive.fo/DlHlM

The current US economic system is broke, but has been for a long long time. The Fed has devalued our currency, via massive debt creation, by 98+ % since Nixon defused the dollar from the gold standard in 1971.

When Nixon scrapped the US gold standard, we defaulted on the Bretton Woods Agreement of 1944 (which was why the US became a massive superpower and economic powerhouse right after WWII).

Nixon and his sidekick, Secretary of State Henry Kissinger, knew that their destruction of the international gold standard under the Bretton Woods arrangement would cause a decline in the artificial global demand of the US dollar. Later they set up agreements with OPEC nations to set up a US global reserve currency which would be tied to global oil trade, known as the US Petrodollar. In order for other countries to buy oil from these OPEC nations, they needed to exchange their currencies for US dollars, or US T-bonds.


Reader 02/14/2018 (Wed) 17:33:45 Id: e43522 [Preview] No.6503 del
>>6502
Fast forward to 1974 and the petrodollar system was fully operational in Saudi Arabia. The US govt then exploited this system and began building an Empire and aggressively spending more and more money they did not actually have, thus creating more and more debt via Congressional budgets and the Federal Reserve system.

Fast forward to the 1980s, when we began outsourcing all our industry to countries like China. Industries knew that as the US govt continued insolvent spending polices, that taxes would continue to rise, and that they would end up making more profit by simply outsourcing to countries with cheaper labor and cheaper taxes.

The US govt did not care about the consequences of their insolvency and addiction to debts. They kept spending more and more.

By the time NAFTA was signed into law in 1994, around half of America's productive industry had been outsourced! What happened to all those good 'ol jobs? They were replaced by a socialist welfare state of-course! An ever-growing welfare state.

This insolvent government created ripple effects. Welfare skyrocketed (because so many Americans no longer had jobs/income), poverty skyrocketed, what were once decent places to live became ghettos! Literal shitholes across American landscape. The middle class began shrinking, NOT increasing!

Fast forward to 2001, after the 9/11 false flag attack. Government spending skyrocketed by billions of dollars per year. Well more than half of American industry had vanished. Taxes were higher than ever before in our history. We began wasting trillions of dollars on "the war on terror" and still lost those wars.

Fast forward to 2008, America is Trillions of dollars in debt. Countries are starting to get sick of all our failed wars and insolvency. We hardly produce anything of real value anymore, we give the masses EBT cards and welfare checks to live rather than real income or jobs! We create more death around the world than basic necessities or goods!

Fast forward to 2014, China and Russia join together and announce the "Holy Grail Deal" and, by doing so, effectively bypass the US Petrodollar! 2014 was the beginning where two major superpowers flipped America the bird and said "we will no longer use the USD for oil trade!"

Fast forward to today... Cheap labor has flooded into the country from Mexico. The American people can never pay all the debt off. Our government went into too much debt. America is the biggest dependent welfare state on the planet, yet still has the gull to call itself "capitalist." Our markets are entirely rigged and manipulated. Our 'economic' statistics often fraudulent or highly obfuscated (such as the employment rate which the BoL is counting social security recipients as "working")... America constantly bails out insolvent/corrupt banks and other institutions, including subsidizing nearly everything! Meanwhile Eastern CHIPS transactions are now replacing Western SWIFT transactions... Shanghai Oil-Gold agreement has started replacing the US Petrodollar in many countries... the AIIB is replacing the IMF... the One Belt One Road is replacing US/EU/OPEC trade... Asian Development Fund is replacing US T-bond purchases from Asia... the Dagong Credit Rating Agency is replacing the Western-backed Standard & Poors, Moodys, and Fitch...

https://archive.fo/odAmW


Reader 02/14/2018 (Wed) 19:31:48 Id: 7359e4 [Preview] No.6512 del
>>6503
Precisely. Awareness of the dying economic system needs to spread. What's more, our currency system is unconstitutional. Webm related.
>Fast forward to today... Cheap labor has flooded into the country from Mexico.
Cheap Mexican labor has been flooding in since the 1980s. I recall witnessing the trucks full of wetbacks and street corners where they'd wait for illegal wages. Might go back further than that, but I wasn't alive in the 70s. This was in Texas. These days, southern and mid-Texas is pretty much Mexico. Mexican politicians, Mexican college professors insisting students fight for Mexican rights and the majority of Mexicans hold most job positions.


Reader 02/14/2018 (Wed) 19:47:49 Id: e43522 [Preview] No.6513 del
>>6512
True. And I believe it was Ronald Reagan of all presidents that allowed mass migration to take place legally in the US, as long as US businesses wanted to profit from their cheap labor. I think that was Reagan's biggest mistake because he didn't realize that the new demographics would absolutely shatter the Republican party and our constitutional laws within the next 50 to 60 years. Quite frankly I am surprised the Republicans can still hold majority in Congress at this point. If things continue, that won't last too much longer. I dread the day the US Congress becomes a de-facto communist party in control as we fall into the third world. If people think we have it bad now, oh fuck! Prepare for enslavement or be ready to die fighting to defend yourself from being thrown into some hellish state-run gulag.

Don't ever give up those guns. Don't ever let them intimidate you. Do what you can to be prepared and look into DIY entry-point fortification for your household, apartment or trailer. You'll need some extra canned foods and other foods that have long-term shelf life stocked up too. Along with skills to hunt, fish, butcher and prepare your meat. What we currently see in Venezuela will happen here, it is only a matter of time...



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