>
First electric seaglider finally hits the water with real passengers
Robust and Resilient Open AI Power to the People Versus Central Superintelligence Strategy
Trump Orders 'Fort Knox' Bitcoin Reserve and Digital Assets Stockpile
Solar film you can stick anywhere to generate energy is nearly here
Honda's New Hydrogen Fuel Cell Produces More Power For Half The Price
Paper battery could take over for lithium-ion ... in EVs and beyond
Musk Begins Testing His Starlink Terminals in US Airspace System
Mercedes' Solid-State Battery Prototype Comes Out Of The Lab, Onto The Road
Scientists discover mysterious form of energy in Egypt's pyramids that should only exist...
Microsoft Majorana 1 Chip Has 8 Qubits Right Now with a Roadmap to 1 Million Raw Qubits
The car that lets you FLY over traffic jams! Futuristic £235,000 vehicle takes flight...
Floating nuclear power plants to be mass produced for US coastline
I suggested that stagflation would become a household word again and that the majority of American concerns would revolve around rising prices coupled with stagnant wages and falling production. In 2018 in my article 'Stagflationary Crisis: USA's Ongoing Collapse, Understanding The Cause' I noted:
"Years ago there was a rather idiotic battle between financial analysts over what the end result of the Fed's massive stimulus measures would be. One side argued that deflation would be the outcome and that no amount of Fed printing would overtake the vast black hole of debt conjured by the derivatives implosion. The other side argued that the Fed would continue to print perpetually, resorting to QE4 or possibly "QE infinity" and negative interest rates as a means to stave off a market crash for decades (like Japan) while at the same time initiating a Weimar-style inflationary bonanza.
Both sides were wrong because they refused to acknowledge the third option – stagflation."
The process of stagflation is difficult to track because there are multiple paths that it can take, many of them largely dependent on the whims of the central bank and its policy decisions. All we can really do is look back at the limited number of historic examples and guess at what will happen next. In the 1970s, stagflation nearly crushed the country with inflation rising by 7% to over 14% per year for a decade while the general public eventually faced high unemployment.
When I hear Zennials complain about being born into the "worst economy ever," I have to laugh because they really have no clue. The 1970s was FAR worse in terms of erosion of buying power as well as overall poverty. If you look at film footage and photos of urban areas from LA to NY to Philadelphia during that time, many parts of these cities looked like bombed out war zones. The country was truly on the edge of disaster.
In the early 1980s, the Federal Reserve jacked interest rates up to over 20% – This stopped the inflation crisis but triggered a deflationary plunge that would sit like a giant boulder on the chest of the American consumer and small business owners for years to come. My own grandfather lost millions in his trucking and freight company during the rate spike; many people lost their businesses and homes.