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21 sats \ 4 replies \ @stack_harder 5 Jan \ on: Eurozone: the eternal debt saga charts_and_numbers
thought scenario, do you think in a euro worst-case scenario of something like hyperinflation, all the euro economies at once would have hyperinflation en masse?
maybe not weinmar levels, but something serious.
If I was a consultant for the Lizard People (London Division), this would be my dastardly proposal:
Orchestrate / facilitate / exaggerate a climate-related flood in London.
Make sure it's big (a catastrophic failure of the Thames Barrier), visual (well-known landmarks submerged in water) and expensive to recover from (hundreds of billions of pounds).
Instruct the governing party (Labour) and the opposition (Conservatives) to form a temporary emergency government of unity.
Pass an emergency budget to raise funds to rebuild the flooded parts of London. Emphasise that this is justified given the economic importance of London to the national economy.
A key part of the budget is a temporary land tax on all commercial and residential properties located in London e.g. 1% of the market value levied annually. Pass legislation enabling the Land Registry to block transfers of title if there is unpaid land tax against the relevant property.
Observe the level of protest and non-compliance against this new tax. If trivial, the Lizards can rejoice at yet another way to fleece and control the people. If significant, instruct a third political party (Reform) to make a manifesto commitment to repeal the tax if elected to power.
Prior to the election, disband the unity government to encourage electoral complexity and better maintain the illusion that voting makes a big difference.
After the election either make the temporary land tax permanent or repeal the tax but be ready to rinse and repeat this stratagem with suitable enhancements.
mWahahaha!!!!
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I don’t think so. Covid showed that you can coup people up in their homes (if there’s a big enough crisis). This slows down monetary velocity which hinders hyperinflation. They also have other tools: capital controls, instructing banks to severely limit transactions and, of course, CBDCs sweetened with the allure of ‘free’ handouts.
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im not sure they could get away with it again, although Europeans seen to passively suck down whatever the gov feeds them these days.
still, a pandemic is an easier pill to swallow than 'we fucked up the whole monetary system and now you need to sit home and not spend any money'