Media Madness: Inflation Will Save You Money!

SEPTEMBER 26, 2022

NY Times:
 Inflation May Save You Money on Your Taxes

The government adjusts its tax code every year, including the standard deduction and tax brackets. Rising costs mean big changes next year.

BY ANN CARRNS

Finally — after more than one year of steadily rising costs across the entire spectrum of goods and services — a bit of good economic news from “the paper of record.” The criminal debasement of our currency is actually going to “save” us money on our taxes next year! Some astonishingly Orwellian anti-logic, from the article:

“In addition to a big boost to Social Security payments, inflation could help save money on your federal tax bill next year. That’s because the federal government annually adjusts many elements of its complex tax code, including the standard deduction and tax brackets, to reflect inflation and avoid so-called stealth tax increases.

The adjustments also mean you can contribute more next year to retirement savings and other accounts that offer tax breaks, like health savings accounts.

Happy days are here again.

Cheese & crackers! Ms. Ann Carrns — the felonious freelancer who drooled out this demented drivel — ought to be locked up in an insane asylum for spinning the ongoing econo-meltdown into a welcome “tax savings” benefit.

1. Insane-looking Ann Carrns (with her daughter’s dolls) fancies herself as a financial writer. // 2. Cheer up, Mr. & Mrs. America. All that currency debasement will benefit you come tax time! // 3. Because Uncle Sam is your friend.

First of all, the upward adjustments of the tax brackets and standard deductions only represent “savings” in terms of numbers, not actual value, which has been lost due to inflation. You see, the IRS, in its infinite graciousness, allows for the fact the dollar isn’t what is used to be yesterday — and will not in the near future be what it is today either. Indeed, that’s why the adjustments were put in place in the first place, as Carrns herself does explain:

“If the bracket boundaries weren’t periodically adjusted for inflation, more of your income would move into a higher bracket, increasing your tax bill.”

In other words, you’ll be paying “less” only because you are, in reality, earning less in terms of purchasing power.

Secondly, the various adjustments for inflation NEVER keep pace with the understated (rigged) rate of inflation. To therefore describe these adjustments as “savings” — or even break-even — is just as fallacious as referring to a 5% nominal salary increase — when under-reported inflation is at 10% annual — as a “pay raise.” It’s not.

More “good news” from Crazy Carrns:

“The adjustments also mean you can contribute more next year to retirement savings and other accounts that offer tax breaks, like health savings accounts.”

Again, the “more” contributions in this case only means more nominal dollars — not more actual value.

The most exasperating element of this horrible piece of financial propaganda comes in the form of an “Inflation F.A.Q. (Frequently Asked Questions) box — inserted into the body of the article — followed by a reply that is so incomplete that it raises more questions than it answers:

We all know “what” inflation is!

How insulting! Even the dullest of the befuddled boobs in the dimmest corner of the overlapping tyrannical Kingdoms of Normiedom & Libtardia already knows WHAT inflation is: It is a widespread rise in prices. But the High Priests at “the paper of record” NEVER tell the worshipers about the true HOW and WHY of inflation — even though those questions are just as easy to define as the “what.”

Here it is — in a nutshell:

“Inflation is the loss of purchasing power over time caused by excessive expansion (legalized counterfeiting) of the money supply — injected into the economy at unpayable compounding interest (usury) — relative to the amount of goods and services available. The debt virus is injected partly through the banking system in the form of loans (out of nothing) to businesses and consumers; and partly through the Central Bank’s purchase (also with nothing) of government bonds to fund deficits. The ever increasing amounts of debt money chasing a more stable supply of goods debases the value of all existing currency, thus increasing prices.”

There — in just 100 words that an 10-year old, or even a “college educated” economist can digest. Now why can’t the esteemed, and, we presume, very well-shekeled, Ms. Carrns do that for her readers? Hmmm? Truth simplifies. Liars (and idiots) complicate.

Adding insult to idiocy, Ms. Carrns seems to hold a very “inflated” (no pun intended) opinion of her analytical and reporting capabilities. From her Stinked-In bio:

“I’m a talented journalist covering personal finance, including health care, retirement, college saving, taxes and more. I excel at making complex topics understandable for readers. My column, “Your Money Adviser,” appears weekly in The New York Times.”

The most severely cracked up of crackpots always think so highly of themselves, and feel compelled to share that opinion with us — ever notice that?

1. The more you print and lend out at interest, the more you drive up the cost of goods and services. // 2. By manipulating interest rates and reserve requirements, The Fed can expand or contract the volume of loans to people and businesses. // 3. Expansion (recovery / boom) or Contraction (recession / bust) is also achieved through the Fed’s buying of U.S. Bonds and other securities with new counterfeit money (expansion), or the selling off of those securities which it holds (contraction).

Time To Pay Attention: 5 Points Proving America’s Inflation Crisis Is Gonna Get MUCH Worse

By Michael Snyder

If you are less than 40 years old, you have never seen inflation like this in the United States. Despite all the warnings, our politicians in Washington just kept borrowing and spending trillions upon trillions of dollars that we did not have. And despite all the warnings, the Federal Reserve just kept pumping trillions of fresh dollars into the financial system.

Now we have a giant mess on our hands, and anyone that believes that this is going to be easily fixed is simply being delusional.

Of course most Americans weren’t going to start paying attention to all of this until it started to affect them personally. Now it is affecting all of us personally, and there are millions of people out there that are becoming increasingly frustrated about the current state of affairs.

Unfortunately, this crisis appears to be just in the early stages. The following are 5 numbers that indicate that the inflation crisis in the United States continues to get even worse:

#1 The producer price index has risen at a rate of 9.7 percent over the previous 12 months.  According to CNBC, that is close to a brand new record:

“The producer price index, which measures final demand goods and services, increased 1% for the month, against the Dow Jones estimate for 0.5%. Over the past 12 months the gauge rose an unadjusted 9.7%, close to a record in data going back to 2010.”

Last week we learned that the consumer price index has risen by 7.5 percent over the previous 12 months.  Of course if the consumer price index was still calculated the way that it was back in 1980, the real number would actually be more than double the official number that we were just given.

#2 Truck trailer prices in January 2022 were 29.6 percent higher than they were in January 2021:

“A shortage of parts and labor has sent the prices of truck trailers through the roof. Truck trailer prices jumped 3.1 percent in January, data from the Department of Labor showed Tuesday. That followed a 3.8 percent increase in December. Compared with 12-months ago, trailer prices are up 29.6 percent, by far the biggest one-year jump in records going back to 1980.”

#3 The U.S. Bureau of Labor Statistics is telling us that the price of used vehicles rose by an astounding 40.5 percent from January 2021 to January 2022:

“According to data released by the U.S. Bureau of Labor Statistics on Thursday, the consumer price index for used cars and trucks jumped up by 40.5% from January 2021 to January 2022. That means within a year, the average price of used cars and trucks for urban consumers has gone up by 40.5%.”

#4 You may have noticed that you are paying a lot more at the pump these days.  If you can believe it, the price of gasoline has actually shot up 40.8 percent since Joe Biden first entered the White House:

“Between January 2021 and January 2022–President Joe Biden’s first year in office–the price of unleaded gasoline increased 40.8 percent, according to the Bureau of Labor Statistics.”

#5 The price of lumber has really been surging once again.  According to the National Association of Home Builders, this most recent surge has “added more than $18,600 to the price of a newly built home”:

“That is adding to the cost of both building a new home and remodeling an older one. The National Association of Home Builders estimated the recent price jump added more than $18,600 to the price of a newly built home. It also added nearly $7,300 to the cost of the average new multifamily home, which translates into households paying $67 a month more to rent a new apartment.”

Ouch.

I sure wouldn’t want to be trying to build a new home in this environment.

Pressure has been building on the Federal Reserve to take action, and it is being anticipated that the “geniuses” at the Federal Reserve could raise interest rates by 50 basis points next month…

“The hot inflation readings led financial markets to price in a better-than-even chance of a 50 basis points interest rate hike from the Federal Reserve next month. Inflation is running well above the U.S. central bank’s 2 percent target. Economists are expecting as many as seven rate hikes this year.”

Just recently, a reader sent me an email which pointed out that we shouldn’t have a system where an unelected group of bureaucrats gets together and determines what our interest rates are going to be.

And he is exactly right.

In a free market system, interest rates would be determined by the free market.

But we don’t have a free market system anymore.

In fact, we haven’t had one for a long time.

Of course when it comes to the economy, the guy in the White House is going to get more of the credit or more of the blame for what is going on than anyone else.

And a brand new poll that was just released has Joe Biden’s approval rating sitting at just 34 percent:

“The president’s approval rating nationally sits around 40 percent, according to several tracking averages, but a new CIVIQS poll showed it sitting at 34 percent from the 165,786 respondents surveyed.”

That is a shockingly bad number, and what should alarm Democrats even more is how bad Biden’s numbers are in the most important swing states:

“Swing states of Georgia, Arizona, Pennsylvania, Michigan and Wisconsin all voted narrowly blue in the 2020 election, but the new poll shows their approval of Biden sits in the low 30 percentages.

Arizona has the biggest split with 32 percent approval to 61 percent disapproval. Georgia sits in second with 31 percent approval to 59 percent disapproval; Pennsylvania’s split is 36 percent to 57 percent; Michigan is 33 percent to 59 percent; and Wisconsin has 36 percent approval and 56 percent disapproval of Biden.”

Unfortunately, Biden isn’t going to resign no matter how low his numbers go.

That means that we are going to have at least three more years of either Joe Biden or Kamala Harris running the country.

So we shouldn’t expect any dramatic policy shifts from Washington.

And the “geniuses” at the Fed are undoubtedly going to find even more ways to really mess things up. They are the ones that are more responsible than anyone else for getting us into this mess, and now many Americans are desperately hoping that they can get us out of it.

If you are waiting for them to fix the economy, you are going to be waiting a really, really long time.

I have been warning for years that the decisions that were being made would have severe consequences, and now those consequences have started to arrive.

We are on a road to national ruin, and those that are running things are even more blind than those that they are supposed to be leading.

NY Times Insanity: Surging Inflation is a “Good Sign”

SEPTEMBER 9, 2021

NY Times: Inflation’s Worldwide Surge May Be a Good Sign

The current trend in rising prices ties back to disruptions caused by lockdowns and subsequent reopenings.

By Jeanna Smialek

The Times’ growing youth movement is bringing in a cadre of “educated” morons from “Generation Z” to spout the same old nonsense as the old timers and their predecessors have for more than a century now. The only difference between these know-it-all know-nothings and the senior propagandists at the Manhattan Mendacity Machine is that unlike sneaky scum such as “Nobel Prize Winning”   economist Paul Krugman, little girls like this piece’s author, Jeanna Smialek, 29, seem to actually believe this horse-crap about “surging inflation” possibly being “a good sign.”

And why wouldn’t she? After all, it’s (((academics))) cut from the same commie cloth as Krugman who infest and dominate the Economics departments of our “prestigious” universities. This dorky little Keynesian C-word wouldn’t know the difference between free-market Austrian economist Freidrich Hayek and Hollywood harlot Selma Hayek. She’s that ill-informed. Let’s school her instead.

(*I just dropped $8 for a small hamburger with fried onions (no cheese even) and a coke at the local “Five Guys!” No more fast food for me.) 

Pretty Jeanna — all grown up and ready to school us boomers with her Keynesianish Economics degree

John Maynard Keynes = Spend, Tax, Borrow, Print, Inflate / Friedrich Hayek = Save, Cut taxes, Gold Standard and stable value currency.

Busting your budget at the grocery store. Relax man— It’s actually a “good sign,” dontch’a know?!!!

Jeanna: Price gains are shooting higher across many advanced economies as consumer demand, shortages and other pandemic-related factors combine to fuel a burst of inflation.
Rebuttal: Wrong, wrong, wrong, wrong, wrong! Prices are rising because the “pandemic related” money supply has exploded at the fastest pace since the WW 2 year of 1943. Do some homework!

All those stimulus checks, payoffs for hospital and nursing home murders, “free” Covid testing, “free” vaccines, extended unemployment, money to the states  — not to mention the already skyrocketing costs of Social Security & Medicare in America — are being “paid for” with “printed money.” More dollars chasing the same, or fewer, amount of goods is the very definition of inflation. The dying dollar has got nothing to do with supply & demand issues.

Jeanna: The spike has become a source of annoyance among consumers …..
Rebuttal: No, Jeanna. For 6-figure earners like you, it may be an “annoyance.” But for most middle class workers and retirees, the considerable theft of food and gas money that’s been taking place is frightening — not “annoying.”

Jeanna: It is one of the main factors central bankers are looking at as they decide when — and how quickly — to return monetary policy to normal.
Rebuttal: What Jeanna surely does not realize is that a “return to normal” monetary policy (contraction)— though putting the brakes on inflation — would burst the stock market and real estate bubbles, while increasing unemployment. Such is the built-in folly of the artificial boom/bust cycle which Keynestards believe to be natural occurrences — that must be intelligently managed by the very same “policy makers” of the Central Bank system which creates both the crashes and the “recoveries.” Nuts!

Jeanna: Most policymakers believe that today’s rapid inflation will fade.
Rebuttal: You stupid little shit. You’re gonna give me a heart attack, you know that girl?! Though the rate of inflation may eventually “fade,” — the newer price levels and the devalued dollar always remain. Bet your bottom shekel on this, Jeanna — my hamburger and drink at “Five Guys” ain’t NEVER going back to $6 of recent months, or the $5 of just a year or two ago.

M2 — the most liquid measure of money supply — has exploded during the scamdemic

Boom or Bust — The (((Money Power))) profits either way

Tell it, Herr Hayak. Tell it!

Jeanna: The shared inflation experience underscores that mismatches between what consumers want to buy and what companies are able to deliver are helping to drive the price increases.
Translation: You see, it’s the free market causing inflation due to “mismatches” between buyers and sellers. Forget the “Invisible Hand” (which libtards love to mock) that regulates markets and sets prices organically. No, only the Keynesian “policy makers”  can fix this.

Jeanna: While those may be amplified by worldwide stimulus spending…
Rebuttal: After making an obligatory nod toward “stimulus spending,” here comes the “yeah but.”
​
Jeanna: they are not the simple result of nation-specific policy choices — and they should eventually work themselves out.
Rebuttal: Oh, they ARE indeed the result of government policy choices — and the damaging effects will not “work themselves out” as long as “policy makers” keeping mucking things up.

Jeanna: “There is a lot of stimulus in the system, and it is pushing up demand and that’s driving higher inflation,” said Kristin Forbes, a Massachusetts Institute of Technology economist.
Rebuttal: We needed an MIT economist to tell us that more printing leads to more inflation?

But don’t be fooled by Jeanna’s brief detour into rationality. Her central argument remains that pent-up demand, Covid shortages, and “mismatches” are the key drivers of what will likely be a “temporary” inflation. And the worst part is, we actually believe that she really does believe this nonsense.

Printing money and injecting it into the system at interest. What could possibly go wrong? 

Once inflation really picks up steam, it can wipe out the savings of millions of people in a very short time. Above: 1920’s German postage stamps

In the public mind, the inflation is already being blamed on “Joe Biden” — part of “The Plan?”

WEF’s Great Reset: What Would A World Without Personal Property Look Like?

Within the World Economic Forum’s Great Reset, the mantra has come out that by the year 2030, “you’ll own nothing. And you’ll be happy.”

For those of us who haven’t been brainwashed by communism, this likely seems somewhat disturbing. But let us examine just how one can ensure “people don’t own anything.”

Let’s look at what a world without personal property looks like.

“If it were up to me, anybody not wearing a mask when they are out in public would be arrested … That’s an act of domestic terrorism and should be treated like one,” Lancaster, California, Mayor Rex Parris.

Let’s start with the low-hanging fruit, shall we? John Locke pointed out that “Every man has a property in his own person,” with Paul Skousen further adding that your body is your first piece of original property that you own. If you are to own nothing, does it not follow that your body will no longer be your own as well?

We already see the fruits of this type of thinking in forced (or coerced)vaccinations for people to work and travel (and not be arrested). We’ve most certainly seen this with mandatory masking. What could be the further logical progressions of this type of thought, though?

Is mandatory sterilization out of the question? What about forced organ donation? Are these indeed that far out of a concept – are they not the next logical step – in a world where you own nothing?

Forced Relocation

“The theory of communism may be summed up in the single sentence: abolition of private property.” – Karl Marx.

You will no longer own your house. And if you no longer hold the right to choice, your body, or your property, then you likely won’t have much of a say as to where you would reside either.

Perhaps climate change could be argued as a reason to move all people into cities. Maybe racism/equity could be claimed as to why your home is being given to somebody else.

Regardless of which form it takes place, there are excellent odds that you would not be permitted to live where you want for long.

The Death Of The Second Amendment

“The meaning of peace is the absence of opposition to socialism.” – Karl Marx

Your right to defend is centered around your right to life and right to own property. As illustrated above, if you no longer own the right to your own body, you in essence no longer own the right to your own life either. As such, there’s nothing for you to defend. “We – the government – will do that for you.”

Likewise, the Second Amendment must be destroyed to crush any potential opposition. In his masterpiece The Road to Serfdom, FA Hayek pointed out that people resist being robbed: whether that be by someone with a ski mask or by someone with a badge. The only way that a collectivist can thus ensure that his mandates are followed is by ever-increasing amounts of violence against resistors.

This act is sorely hampered by those who are capable of defending themselves against attack. It is much easier to force an unarmed populace to bend to your every whim (witness current Australia, Canada, or the UK), and thus, America must be disarmed.

Vaporization Of Savings Or Nationalization Of Savings

“Because we have been guided by a Republican administration who believes in the simplistic notion that people who have wealth are entitled to keep it and they have an antipathy to our means of redistributing wealth.” – Jim Moran (D-VA) November 10, 2008

If you are to own nothing, that means that you can no longer have anything in your savings. Any money you have put into a 401k, savings account, safety deposit boxes, or the like will be vaporized overnight. It can come about through three main mechanisms.

#1 Hyperinflation

The first is through hyperinflation. As John Stormer pointed out in None Dare Call It Treason, hyperinflation was one of the prime reasons for the communization of China. If you can deflate a nation’s currency to the point that it is worthless (partially accomplished by abandoning the gold standard), you can drive a country into ruin. Once that has happened, you can rebuild out of the ashes – Karl Marx’s intentions for communism all along.

That destroyed nation is now ripe for the harvest by communists who will swiftly step into the void and create a government of their own.

#2 Nationalization

The second way that savings can be confiscated is through nationalization. When a government simply decides that all retirement accounts will be nationalized, you just lost all of your savings through government-sponsored theft. You will likely be given the balm of, “But look, we’ll take care of you. There’s a government pension for you, a universal basic income, free education, free healthcare, free housing, food stamps. Don’t worry. You don’t have your savings anymore, but this is much better.”

If you don’t think this can happen, think back to Cyprus in 2013 when their government locked down accounts for a “bail-in.”

Keep in mind that a cashless society makes it far easier for the government to control your every cent.

#3 Destruction Of A Nation

The third means that savings can be destroyed is through the destruction of a nation via war.

In much the same way as hyperinflation, invaders climb over the ruins to craft a “new” currency in a nation. It can occur via outright war/invasion or by “humanitarian aid” following some sort of national tragedy that leaves a nation in ruins.

Nationalization Of Your Business

“Socialism is the doctrine that man has no right to exist for his own sake. That his life and his work do not belong to him, but belong to society, that the only justification of his existence is his service to society, and that society may dispose of him in any way it pleases for the sake of whatever it deems to be its own tribal, collective good.” – Ayn Rand

Your business is a part of your property. It enables you to produce – with production being true wealth, as Ayn Rand pointed out – and thus, it must be taken from you as well. It will likely come via the nationalization of all businesses.

This already happened in the past (e.g., nationalization of railroads) and must be enforced for the WEF’s intentions of a ‘no property planet’ to be realized.

Whether you’ll still be permitted to work in your chosen field remains to be seen. Choice is an aspect of freedom (the second domain according to John Stuart Mill), and only a fool would believe that the WEF is about freedom.

Thus, it is highly likely that centralized planning would determine where some people would work (e.g., government-sponsored dams, roads, canals, etc.)

Anti-Hoarding Laws Endorsing Government Confiscation

In May 1918, Francis Smith Nash and his wife were arrested, with a bail set of $3000($57,000 in 2021). Their crime? Possessing too much food in their home – despite it’s all being legally purchased – because it violated the Food Control Act.

If you are to own nothing, that means everything that is currently under your roof will not be yours for much longer either. Government-sponsored confiscation must follow necessity. The easiest method would be for there to be “turn-in” centers where people brought their goods to “collection centers.” Something similar happened in Venezuela and remember when the shelves got cleared before the lockdown and the media blamed preppers?

Very severe penalties would be enacted against those who didn’t voluntarily bring all that was required of them. Again, this is of necessity in such a world, as FA Hayek pointed out.

Overwhelming shows of force would likely be used against initial resistors with a considerable media dispersal to cow into submission to those riding the fence on the issue.

For those who still resisted, door-to-door confiscation would only continue, with armed men doing what it took for them to confiscate what remained.

Government-Sponsored Kidnapping Of Your Children

“The family is now one of the major obstacles to improved mental health, and hence should be weakened, if possible, so as to free individuals and especially children from the coercion of family life.” – International Congress on Mental Health, London, 1948

Once more, collectivism throughout history has often resorted to children being held in common. Witness the government confiscation of children in ancient collectivist Sparta. Boys were taken at the age of 7. In the collectivist Incan empire, all girls were turned over to the state at 13.

A third became involved in religious practices, a third were given away as wives/concubines, and the remaining third were slaughtered at the altar. If we look at more recent history, we can see how the Hitler Youth impacted the future of their nation.

The Death Of All Human Rights

“If it were discovered that you had not character and industry enough to be worth all this trouble, you might possibly be executed in a kindly manner…” – George Bernard Shaw, socialist

As Ayn Rand pointed out, once property rights die, all other rights are soon to follow. Property rights are the foundation of all other rights.

Given that the destruction of property rights is the end goal of the World Economic Forum and the Great Reset – as illustrated by their own propaganda – this means that free speech, the right to defense, the right to life will not be that far behind.

In many cases and many ways, these freedoms are already being chiseled away. Do you want to live in a world where that destruction is brought to completion?

What Is To Be Done?

It may come across to some reading as if I am solely spreading fear for fear’s sake itself. I assure you, that is not the case. I am writing this to you because I am genuinely concerned. Think through the logical progressions for yourself.

If you are going to live in a society where you own nothing, what are the logical stepping stones of such a state? What can be inferred?

My conclusions on the matter are by no means original. They come from examining what already happened to humanity and looking at the full implications of a world without property.

By doing the same, I believe you’ll come to the same conclusions as I.

So what does a world where you own nothing look like?

I can guarantee you this: it is one where happiness is an emotion you will have long since forgotten.

https://www.theorganicprepper.com/world-without-personal-property/