Problem with monetary fiscal policy and debasement? your markets start to hyperinflation especially when you try to patch previous bubbles *cough* QT *cough* BTFP *cough*
------------- ------------- ------------- ------------- ------------- ------------- ------------- ------------- The average net yearly income of Americans during 1930 was $4,887.01 Unemployment Rate (UNRATE) 8.7% AFTER TAX - $4,788 $4,788 in 1930 is worth $87,476.76 today ------------- ------------- ------------- ------------- ------------- ------------- ------------- ------------- The average net yearly income of Americans during 1933 was $4,218.40 Unemployment Rate (UNRATE) 24.9% AFTER TAX - $4,045 $4,045 in 1933 is worth $94,935.84 today ------------- ------------- ------------- ------------- ------------- ------------- ------------- ------------- ------------- ------------- ------------- ------------- ------------- ------------- ------------- ------------- The average net yearly income of Americans during 2023 $74,738. Unemployment Rate (UNRATE) 3.6% AFTER TAX - $57,237 ------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
CONCLUSION - The average American is 65.83% poorer than the average American during the great depression. Debasing the currency does not solve poverty and enhances it.
All of this data is from the IRS FRED seems to not provide information prior 1960 now you know why they don't include this on the charts.
Sadly I feel most people don't understand that what is coming is not a "recession" not a "08 RE crash" its going to be a foundational collapse of the entire US debt system / treasuries / stock markets / credit crisis / liquidity crisis. ------------- ------------- ------------- ------------- ------------- ------------- ------------- ------------- United States Government Debt: % of GDP 2023 = 133% Japan General Government Gross Debt to GDP 1989 = 65%
Federal Debt: Total Public Debt Q1 2023: 31,458,438 or 31.4 Trillion
I'm personally putting a target for 2026 for the end of the US currency reserve system The only option here is to either print more 100s of trillions than Weimar Germany Or force the entire US & Allies onto a new dollar that will combine all G7 currencies.
Hopefully people can understand why there's so much controversial developments on Russia & BRICS +, this current war is nothing to do with helping another country. Its because BRICS see's the end of the US system and they are preparing for it.
(sources) irs.gov/pub/irs-soi/33soirepar.pdf irs.gov/pub/irs-soi/30soirepar.pdf Tax rates include normal taxes of 1.5 percent on the first $4,000 of taxable income, 3 percent on the next $4,000, and 5 percent on taxable income over $8,000, plus applicable surtaxes. Last law to change rates was the Revenue Act of 1928.
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End thoughts technology, smart phones, computers, media, internet, did a great job distracting people since 2000 on the decline of life and allowing them to live into a fantasy land of fake lives online with zero cost of living. The god of Rerek is upon us.
I see what you are talking about, that is an interesting point of view. we could consider the rate of inflation and the influence of US current to the world when we compare Japan and US. since USD is widly used around the world, so there is an advantage and high liquidity to spread the risk of default. However, CHN is trying to dominate the global currency market by going the old path of USD in OIL and Gold. USD is in a hard position right now but not a stumble position. CHN is practice President Mao's spirit, "Dominate the civil fist then the city" .
The USA is borderline on Hyperinflation, hence my theory with how people are missing this and claiming base inflation is coming down its a false metric, the YOY inflation does not factor in monetary debasement meaning you can have parabolic Consumer Price Index growth with low inflation of cost of living. This is even more dangerous as we have low inflation > hyperinflating stocks > decrease of quality of life. Nobody can see this as they measure stocks without the / USm2 adjustment or the CPI growth that's mirroring Weimar Germany.
Japan in today's date are being forced to purchase US Debt by the G7 to fund this madness this is why Japan & China are the leading debt holders, problem with this? Japan is now seeing Inflation due to them basically printing the Yen to achieve this meaning they have to let up. 1. The FRED will be forced to step in on a 31 T debt problem 2. China has the ability to double this debt problem by dumping their holding like they're currently doing 3. Russia & China + BRICS are clearly doing this on purpose hence the military activity towards Russia and Taiwan, USA is basically letting the world know they're at the end of the US reserve system and they will use military force to protect it, now they can't say this out loud so the reason is Ukraine. But the only reason you would risk going to war with a Nuclear Super power like Russia would be this is indeed the final years of a failed system. You cannot pay the US debt without GDP growth + low interest rates that requires Quantitative easing at this point that will be the trigger of sending the CPI completely vertical. Weimar Germany same position war debt could not pay it so they had to print to create growth that lead to nobody wanting their currency.
USD is in a hard position right now but not a stumble position. CHN is practice President Mao's spirit, "Dominate the civil fist then the city" .
Just personal idea!!!1