“Transitory”

Philip Cross: Welcome to our new economy of shortages, comrades

Since the pandemic began, governments have focused almost exclusively on boosting aggregate demand — in the belief that understandably cautious spenders were the main threat to economic growth. But it is becoming increasingly clear that the pandemic’s more enduring impact is disruption of supply. The result is price increases exceeding forecasts and the prospect that persistent shortages will fuel inflation well beyond the three or four months that would qualify as transitory. As is often the case with crises, the pandemic has unleashed unexpected and unintended effects, bedeviling government planners everywhere.

You can’t just turn an economy off and on like a light switch.

15 Replies to ““Transitory””

    1. Who owns the world. When one company controls all the other major companies in every category of business. Energy, Food, Media, Pharma, Transportation, Financial it is pretty easy to create shortages anytime you want and control people and force up prices as you wish in any area of the world.
      When you own it all, even weak Governments have to crawl and do your bidding. Fuck they even control and own the UN.
      THEY OWN YOU THEY OWN ME. And you think your vote matters. HA HA HA
      https://rumble.com/vnl3lq-monopoly-who-owns-the-world.html?fbclid=IwAR2iJyGXQLXo8PseLaWSvuDHvhV9ghMt40uLUkGotH57NV5XwkhJvzyiqyQ

      1. Of course, never blame malice when it may just be utter incompetence. Incompetence combined with arrogance is a frightening thing.

  1. “You can’t just turn an economy off and on like a light switch.”

    No, but you can turn it around on a dime, according to PM Tater Tot.

    1. They’ve also learned more…
      ‘Not my job’ in their workplace.
      Gimme money and fuck off and don’t bother me.
      My social responsibilities with my peers are more important on the internet.

  2. ” . . . the pandemic has unleashed . . .”
    . . . the sniffles.

    Everything else has been unleashed by people.

  3. That’s a very salient point, Francisco. I’m reminded so often these days of reading The Fatal Conceit. This idiotic idea amongst our government elites that they can tinker with out economy as if it’s a car engine. In fact, I’ve heard the demented imbecile, Christia Freeland, on more than one occasion refer to Canadians as “a garden.”

  4. Official inflation was kept at roughly two percent by the Bank of Canada by defining consumer prices in a way heavily over-weighting cheap crap from China.

    Anybody who had to come up with the downpayment on a house knew better. So did people who were long on gold and had seen it return an average of eight percent a year over the past twenty.

    But it fooled enough people enough of the time—until the cheap crap from China started running out.

    1. Silver and gold have been monkey hammered time and again by TPTB.
      It is a good haven during transition of heavy upheavals.
      However this transition is different.
      THEY aim to kill us all.
      In the end you can’t trade it ( precious metals ) if nobody has what you need.
      You can’t eat it.

      Better to have commodities that can be traded for stuff.
      Liquor, cigarettes, food, ammo, fuel, clean water, parts , etc.
      Most of all, one needs weapons to hold on to what you got and if need be to take what you need to survive .

      Also best to pray to whatever God you believe in, cause this life is transitory.
      The next afterlife one is for all the marbles.

  5. Few will remember today certain socialist, Salvador (Savior) Allende of Chile.
    Once the socialists took power, one of more advanced economies of South America went to hell.
    Eventually, the socialists run the country down so bad, the house wives could not buy food they wanted.
    They congregated on streets with cooking pots in hands and started banging away on them.
    Perhaps, few know how that socialist paradise ended. It’s recovering to this day.
    Look how this is going to happen in the once most prosperous countries on this earth.
    It does not have to.
    Though the proletariat wants free stuff. As it always happen, as soon as the socialists/fascists run out of other people’s money, the free stuff will be hard to come by. By then it will be late, way late. They will be told that it’s for their own good and they will calm down.
    Of course as it always is, the proletariat will eventually realize that it was good, only not for them. The socialist/fascist rulers will live the life of plenty.
    And that is how socialism/fascism works.
    Every time it been tried.
    No exceptions.

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