Don’t blame #Putin or #Covid for your sky-high grocery bill. Blame the elites who collude with the biggest scam in history, involving #CentralBanks and their friends in finance, under the cover of the pandemic. A thread on #QuantitativeSleazing…
Since the start of the pandemic in March 2020, #CentralBanks in the West began pouring trillions into the coffers of large corporations, making their #stockmarket friends rich while making us poorer through high inflation: #QuantitativeSleazing
CentralBanks should not favour one business over another by giving them easy loans. Helping large & dirty corporations outcompete smaller firms is anti-business, anti-markets, anti-democratic & anti-sustainability. Such #QuantitativeSleazing makes mockery of green promises
By choosing the world’s largest asset manager to manage its buying of #CorporateBonds, The #USFed pumped up the shares of #Blackrock’s investments. Imagine the bullies taking over the school sweet shop and handing the sweets to their friends. But worse, it affects what we can afford to eat.
In my #TEDx talk 10 years ago I said the monetary system is violent to ourselves & nature, so must be reformed, disrupted or escaped. I mentioned #Bitcoin & warned of Facebook issuing a currency to take power. A decade on I discovered it is a lot worse
The whitepaper for #Bitcoin first appeared in the world via the @P2P_Foundation. Did #Satoshi conclude that monetary reform is impossible & disruptive innovation essential? It’s why I publish my essay on #QuantitativeSleazing on their wiki.
Remember when the Left stood up for collective worker needs & the Right stood up for small business? Both are screwed by the pandemic #QuantitativeSleazing scam from Central Banks, yet neither Left or Right responded. Have they?
The power of unaccountable & impoverishing alliances between the state & the largest corporations has a definition in political theory. In what ways is corporate bond buying by Central Banks not a technocratic #FinancialFascism?
For the last 2 years, economics journalists did not warn us how Central Banks have been dishing out cash to large firms, distorting markets & making us poorer. What does that show us about them?
Our problem with mass media & bigtech is not that they are owned by one billionaire who is from a dodgy country or who has one industrial sector interest. Key is that they are all owned & sponsored by people & institutions benefitting from the biggest scam in history – #QuantitativeSleazing
Ineffective critics have asked for more transparency, or for less QE to go to fossil fuel companies. For 2 years they haven’t been shouting the alarm, or resisting with legal action, political pressure, or even direct action. But we still could.
“The Chief Economist of the World Bank illogically puts the blame for inflation on non-monetary policy causes, such as oil prices, while at the same time calling on Central Banks to tackle inflation as if it had a monetary cause. That is tantamount to calling on the mugger to nurse the wounded”
Beyond inflation, you can read about the wider damage caused by corporate bond buying by Central Banks, under the cover of the pandemic, in my essay on the #P2PFoundation
What to do? Don’t be distracted by #ConspiracyTheorists pushing our concern & righteous anger into a dead-end of impotent stress. The current system & its officials are the enemy, not vague ideas on future #CBDC/UBI. The latter is entertaining irrelevance
There is much we can do now. I list 10 action points & conclude: forward this essay to the producers of contrarian analysis on social media, such as Chris Martensen, Dark Horse Podcast, Russell Brand, Rebel Wisdom, Joe Rogan, Empire Files, and Unherd Lockdown TV.
QE or ‘printing money’ as it use to be known as has always been known to create inflationary pressure – the more money you pump into the economy, the less value (purchasing power) it has.
QE never seems to benefits the man in the street.
Just want to say, not that it should come as any real surprise, but if this article gets well upvoted then it’ll prove beyond question that folks upvote things here not because of the quality of the submission, but how hard the headline alone confirms their own outlook. Seriously that article is pure dogshit.
If food prices are a conspiracy of the “elite”, they’ve failed pretty fucking hard considering we’ve had the lowest grocery prices in the EU (and out) for a *long* time.
I think I will blame Vladolf and Covid.
More than one thing can happen at the same time to cause something. The war has effected certain things, has, fuel, wheat, oil. The pandemic caused lots of issue, way more than people realise. Mainly the huge spending with surreal expectation this will never unravel. Add in brexit and off you go.
For many businesses I know the start of the rises were due to container costs going from 1k to 20k. Levering off now 13-15k. Have 1000 widgets in there and it’s gone from £1 freight add on to £20. That landed cost gets multiplied then through the distribution channel. That’s why many things just are not in shops. Add domestic fuel rise on top and it’s amazing it’s only 9%. Domestic product then hit by lack of Workers and those workers being more expensive. There must have been a hinge change in stepped distribution with companies going direct to consumers for things not to rise as more.
It’s a mess and will take some things to unravel. What I don’t get is how there isn’t more redundancies yet, I can’t fathom how this hasn’t started yet and what’s keeping it artificially high. Remnants of the covid funding or a fundamental shift in the workings of the economy. But it will be tied with house pricing this last few years have show normal economic models are very hard to predict when you change change the fundamental mechanisms.
Putin and covid are definitely factors. In fact, the enormous rise in energy cost is probably the biggest factor in inflation right now. None of that diminishes the utter disaster of Brexit.
6 comments
Don’t blame #Putin or #Covid for your sky-high grocery bill. Blame the elites who collude with the biggest scam in history, involving #CentralBanks and their friends in finance, under the cover of the pandemic. A thread on #QuantitativeSleazing…
Since the start of the pandemic in March 2020, #CentralBanks in the West began pouring trillions into the coffers of large corporations, making their #stockmarket friends rich while making us poorer through high inflation: #QuantitativeSleazing
CentralBanks should not favour one business over another by giving them easy loans. Helping large & dirty corporations outcompete smaller firms is anti-business, anti-markets, anti-democratic & anti-sustainability. Such #QuantitativeSleazing makes mockery of green promises
By choosing the world’s largest asset manager to manage its buying of #CorporateBonds, The #USFed pumped up the shares of #Blackrock’s investments. Imagine the bullies taking over the school sweet shop and handing the sweets to their friends. But worse, it affects what we can afford to eat.
In my #TEDx talk 10 years ago I said the monetary system is violent to ourselves & nature, so must be reformed, disrupted or escaped. I mentioned #Bitcoin & warned of Facebook issuing a currency to take power. A decade on I discovered it is a lot worse
The whitepaper for #Bitcoin first appeared in the world via the @P2P_Foundation. Did #Satoshi conclude that monetary reform is impossible & disruptive innovation essential? It’s why I publish my essay on #QuantitativeSleazing on their wiki.
Remember when the Left stood up for collective worker needs & the Right stood up for small business? Both are screwed by the pandemic #QuantitativeSleazing scam from Central Banks, yet neither Left or Right responded. Have they?
The power of unaccountable & impoverishing alliances between the state & the largest corporations has a definition in political theory. In what ways is corporate bond buying by Central Banks not a technocratic #FinancialFascism?
For the last 2 years, economics journalists did not warn us how Central Banks have been dishing out cash to large firms, distorting markets & making us poorer. What does that show us about them?
Our problem with mass media & bigtech is not that they are owned by one billionaire who is from a dodgy country or who has one industrial sector interest. Key is that they are all owned & sponsored by people & institutions benefitting from the biggest scam in history – #QuantitativeSleazing
Ineffective critics have asked for more transparency, or for less QE to go to fossil fuel companies. For 2 years they haven’t been shouting the alarm, or resisting with legal action, political pressure, or even direct action. But we still could.
“The Chief Economist of the World Bank illogically puts the blame for inflation on non-monetary policy causes, such as oil prices, while at the same time calling on Central Banks to tackle inflation as if it had a monetary cause. That is tantamount to calling on the mugger to nurse the wounded”
Beyond inflation, you can read about the wider damage caused by corporate bond buying by Central Banks, under the cover of the pandemic, in my essay on the #P2PFoundation
What to do? Don’t be distracted by #ConspiracyTheorists pushing our concern & righteous anger into a dead-end of impotent stress. The current system & its officials are the enemy, not vague ideas on future #CBDC/UBI. The latter is entertaining irrelevance
There is much we can do now. I list 10 action points & conclude: forward this essay to the producers of contrarian analysis on social media, such as Chris Martensen, Dark Horse Podcast, Russell Brand, Rebel Wisdom, Joe Rogan, Empire Files, and Unherd Lockdown TV.
QE or ‘printing money’ as it use to be known as has always been known to create inflationary pressure – the more money you pump into the economy, the less value (purchasing power) it has.
QE never seems to benefits the man in the street.
Just want to say, not that it should come as any real surprise, but if this article gets well upvoted then it’ll prove beyond question that folks upvote things here not because of the quality of the submission, but how hard the headline alone confirms their own outlook. Seriously that article is pure dogshit.
If food prices are a conspiracy of the “elite”, they’ve failed pretty fucking hard considering we’ve had the lowest grocery prices in the EU (and out) for a *long* time.
I think I will blame Vladolf and Covid.
More than one thing can happen at the same time to cause something. The war has effected certain things, has, fuel, wheat, oil. The pandemic caused lots of issue, way more than people realise. Mainly the huge spending with surreal expectation this will never unravel. Add in brexit and off you go.
For many businesses I know the start of the rises were due to container costs going from 1k to 20k. Levering off now 13-15k. Have 1000 widgets in there and it’s gone from £1 freight add on to £20. That landed cost gets multiplied then through the distribution channel. That’s why many things just are not in shops. Add domestic fuel rise on top and it’s amazing it’s only 9%. Domestic product then hit by lack of Workers and those workers being more expensive. There must have been a hinge change in stepped distribution with companies going direct to consumers for things not to rise as more.
It’s a mess and will take some things to unravel. What I don’t get is how there isn’t more redundancies yet, I can’t fathom how this hasn’t started yet and what’s keeping it artificially high. Remnants of the covid funding or a fundamental shift in the workings of the economy. But it will be tied with house pricing this last few years have show normal economic models are very hard to predict when you change change the fundamental mechanisms.
Putin and covid are definitely factors. In fact, the enormous rise in energy cost is probably the biggest factor in inflation right now. None of that diminishes the utter disaster of Brexit.
Article is unreadable shite, BTW.