The article, titled “Nothing Is Over: Inflation Is About To Come Back With A Vengeance,” discusses the resurgence of inflation and its consequences. The author argues that the Consumer Price Index (CPI) is an inaccurate measure of inflation and has been manipulated downwards by President Joe Biden through the release of oil from strategic reserves, artificially lowering CPI. As these reserves are depleted, CPI is rising along with gas prices.
The article highlights that inflation is not a random economic chaos but rather a result of strategic manipulation by central banks and political authorities. They benefit from inflation as it provides a pretext for imposing socialist controls over resources.
The historical pattern of inflation events is discussed, from Weimar Germany to America in the 1970s, Yugoslavia, Argentina, and Venezuela. The author points out that these events often lead to price controls, rationing, and government takeover of necessities like food.
The article cites examples from the US, such as President Richard Nixon’s wage and price controls in 1971, which temporarily boosted markets, and Gerald Ford’s “Whip Inflation Now” campaign. However, these measures failed to curb inflation.
Price controls are criticized for reducing profit incentives, leading to less production and exacerbating supply shortages and rising prices. The root cause of inflation, according to the author, is the government and central banks, who often blame businesses and free markets instead.
The article concludes by warning that price controls, rationing, and the push for Universal Basic Income (UBI) and Central Bank Digital Currencies (CBDCs) are on the horizon. Government-run food centers could restrict purchases and eliminate cash, consolidating control in the hands of elites.
