Monday, October 31, 2022

Why might the Fed have to blow up the economy in order to control inflation?

We are in a very unnatural situation. Covid was unnatural (sort of like the number of people dying worldwide was almost like a World War. People tend to underestimate the damage Covid did to all businesses and people on earth much like a world war.

Then, you have Putin waging a very strange war on Ukraine where he wants everyone to die in Ukraine (or leave there) so he is blowing up the infrastructure so people either die or leave this winter. So, what this means is older people who cannot leave because of money or health or both will likely die this winter given this change.

Then you have President's like Biden not recognizing that 75% of the people on earth are going to need Gas and diesel and natural gas to survive this winter and maybe 20 or 30 winters to come. You cannot just snap your fingers and expect everything to be solar and wind powered or Nuclear powered. And in regard to nuclear power there IS NO SAFE PLACE ON EARTH to put spent nuclear fuel rods (unless you send them into the sun or something like that on a spaceship). (which someone like Musk could be paid to do I suppose if there is enough will to do that).

All these many things and more are causing inflation to spiral out of control with no end in sight.

So, even if the Fed blows up the economy entirely we now are in such an unnatural place worldwide when you add Global climate change and the Doomsday Glacier to all this that:

EVEN IF The FED BLEW UP THE ECONOMY LIKELY INFLATION LIKELY WOULD CONTINUE WORLDWIDE IN SOME FORM.

So, from my point of view living with a certain amount of inflation will be inevitable but will cause the deaths of millions through starvation worldwide as a direct result of the problems at hand here on earth over the next several years time.

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