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486 sats \ 9 replies \ @Undisciplined OP 18 Nov 2023 \ parent \ on: Meta Econ Takeover Day 32 meta
That tends to be my take, but people are still really sensitive about price inflation. I don't know if quietly boiling them is on the table right now.
The wildcard is this rapid escalation towards WWIII. I don't know how effective any particular wartime measures might be, but people have certainly put up with a lot during wartime. I could imagine some kind of rationing program being used to stifle consumer demand signals.
I know that's a common suspicion, but it seems to me that intentionally reducing demand will exacerbate the deflationary trends that may already exist.
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You're forgetting about all the government deficit spending that will be happening to fund the military.
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I think about Occam's Razor. It seems far simpler and more likely for the U.S. to reduce rates, causing more paper gains for the asset owners and hope some wealth trickles down to the have nots, while inflation settles in a few points higher than it is now. In essence, kicking the can down the road a little longer. If wealth inequality starts causing social unrest, then they break out the heavy artillery, like a war or another pandemic.
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That certainly might be what happens. However, rulers seem to be aware that inflation can cause severe civil unrest, which makes it the most existential threat to their hold on power. Generally, when they play around with high inflation, it's after the populace has had some time to recover from the last round of high inflation.
It seems like we differ a little on where we are on the path towards major unrest.
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I'm by no means certain. I have believed the end is near so many times in my lifetime, and there always is another can to kick.
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That's fair. What do you think about the whole "never let a crisis go to waste" angle?
They must be looking at this Israel/Palestine situation as an opportunity to get away with something.
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Very possible. I actually had a conversation with a socialist friend who is convinced the Israel situation is a false flag. He never thinks anything is a false flag.
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There's definitely some suspicious stuff surrounding that initial attack. I wouldn't be surprised if it was allowed to happen because of how big of an excuse it would give them to invade Gaza.
When it comes to most conspiracy theories, I don't need to be convinced that they would do it. I just want to see evidence that they actually did do it.