They needed an excuse. Every form of debt, federal, corporate and consumer, was at the highest levels ever measured. Bubbles are going to pop. The question was never if, but when. That debt needed to come out of the system and there are only two ways to do it. 1) Default, all of those student loans for comparative gender studies and million dollar mortgages on one room LA condos were going to get defaulted on. Very bad for the big bankers. 2) Hyper inflation. The government prints unlimited amounts of worthless currency that people then trade their labor and property for. In the end the bankers end up with property and the people end up with worthless electronic numbers. At least when they used to print money you could use it as toilet paper and kindling.
The bankers needed some reason that couldn't be blamed on them for the massive inevitable economic downturn. Something that would make sure that the people not only accepted the infinite printing, but demanded it. Then the Chinese Cough Pandemic (CCP) came along and it was like a gift from whatever evil deity the Wall Street bankers worship. So they told their tools in the MSM to hype up the panic and their tools in the Democrat party to ensure that there were no effective measures to stop the diseases spread.
So now the county is shut down. The Fed is openly promising to create infinite currency from nothing. The government is buying up all the bad assets shifting the burden of their failure from the banks to the taxpayers. And the blame for the coming depression will fall either on Trump or the Chinese. Either way the important thing to Wall Street is that it won't fall on the bankers as they enslave the entire US population.
How does hyper inflation benefit the bankers in your scenario? If someone has a 1 million dollar condo mortgage, and inflation happens, it is now easier to pay off the condo as 1 million is now worth less, and is easier to get, so they get the condo, and the bank gets the now much less valuable numbers on a computer.
Inflation benefits debtors, not lenders, and is the last thing that bankers want. Ironically your first bullet point is what bankers want, because student loans are guaranteed by the government. The taxpayers pay off defaults on student loans, so the banks would be perfectly happy to take taxpayer money now instead of waiting for their borrowers to pay then off slowly. This is why lenders lend to feminist dance therapy majors in the first place, because the loans are backed by the government and therefore zero risk to the lender, it’s risk free interest.
Yeah, it seems like this is an orchestrated plan by the MSM who are useful idiots and propagandists for the dem party and China to hype this virus fear mongering sky high. How many lives and jobs have been destroyed by the shutdown? We will never know because those numbers won’t support the MSM narratives. We only hear about the virus death statistics. It’s not a coincidence that they ensure that President Trump is going from one manufactured crisis to another throughout his administration. This is how they plan to defeat him.
Yep, this was a long time coming. I was hopeful that Trump would be able to soften the blow but everything was too far gone.
I do think that we can ultimately succeed economically through bringing manufacturing back. There will be quite a bit of pain during the correction & rebuilding though.
They needed an excuse. Every form of debt, federal, corporate and consumer, was at the highest levels ever measured. Bubbles are going to pop. The question was never if, but when. That debt needed to come out of the system and there are only two ways to do it. 1) Default, all of those student loans for comparative gender studies and million dollar mortgages on one room LA condos were going to get defaulted on. Very bad for the big bankers. 2) Hyper inflation. The government prints unlimited amounts of worthless currency that people then trade their labor and property for. In the end the bankers end up with property and the people end up with worthless electronic numbers. At least when they used to print money you could use it as toilet paper and kindling.
The bankers needed some reason that couldn't be blamed on them for the massive inevitable economic downturn. Something that would make sure that the people not only accepted the infinite printing, but demanded it. Then the Chinese Cough Pandemic (CCP) came along and it was like a gift from whatever evil deity the Wall Street bankers worship. So they told their tools in the MSM to hype up the panic and their tools in the Democrat party to ensure that there were no effective measures to stop the diseases spread.
So now the county is shut down. The Fed is openly promising to create infinite currency from nothing. The government is buying up all the bad assets shifting the burden of their failure from the banks to the taxpayers. And the blame for the coming depression will fall either on Trump or the Chinese. Either way the important thing to Wall Street is that it won't fall on the bankers as they enslave the entire US population.
How does hyper inflation benefit the bankers in your scenario? If someone has a 1 million dollar condo mortgage, and inflation happens, it is now easier to pay off the condo as 1 million is now worth less, and is easier to get, so they get the condo, and the bank gets the now much less valuable numbers on a computer.
Inflation benefits debtors, not lenders, and is the last thing that bankers want. Ironically your first bullet point is what bankers want, because student loans are guaranteed by the government. The taxpayers pay off defaults on student loans, so the banks would be perfectly happy to take taxpayer money now instead of waiting for their borrowers to pay then off slowly. This is why lenders lend to feminist dance therapy majors in the first place, because the loans are backed by the government and therefore zero risk to the lender, it’s risk free interest.
Yeah, it seems like this is an orchestrated plan by the MSM who are useful idiots and propagandists for the dem party and China to hype this virus fear mongering sky high. How many lives and jobs have been destroyed by the shutdown? We will never know because those numbers won’t support the MSM narratives. We only hear about the virus death statistics. It’s not a coincidence that they ensure that President Trump is going from one manufactured crisis to another throughout his administration. This is how they plan to defeat him.
Yep, this was a long time coming. I was hopeful that Trump would be able to soften the blow but everything was too far gone.
I do think that we can ultimately succeed economically through bringing manufacturing back. There will be quite a bit of pain during the correction & rebuilding though.
If I want paranoid fantasies I'll go to Reddit