1 00:00:00,000 --> 00:00:06,560 You are listening to No PC Allowed, aka No Political Correctness Allowed, and I am Mac Iverson. 2 00:00:06,560 --> 00:00:09,560 This is going to be short and sweet because this one's easy. 3 00:00:09,560 --> 00:00:16,080 Inflation. Some profit from it temporarily, but most normal people hate it because it means less money in our pockets. 4 00:00:16,080 --> 00:00:17,980 First, a definition of inflation. 5 00:00:17,980 --> 00:00:21,320 Inflation is not a rising of prices. 6 00:00:21,320 --> 00:00:25,160 Inflation is the value of money going down. 7 00:00:25,160 --> 00:00:29,580 It is just another tax that hurts the hardworking middle class the most. 8 00:00:29,580 --> 00:00:31,680 Next, let's talk a bit of history. 9 00:00:31,680 --> 00:00:34,960 Fiat currency became popular in the 18th century. 10 00:00:34,960 --> 00:00:42,660 It was politically convenient for regimes going through political crises to rapidly increase money supply, leading to hyperinflations. 11 00:00:42,660 --> 00:00:43,800 Let me ask you something. 12 00:00:43,800 --> 00:00:50,780 What happens when you, personally, being an average American, are broadsided by crazy price increases? 13 00:00:50,780 --> 00:00:54,380 You lose personal power as well as buying power, don't you? 14 00:00:54,380 --> 00:00:56,360 You're controlled to a certain degree. 15 00:00:56,360 --> 00:00:58,180 You're neutered economically. 16 00:00:58,180 --> 00:01:02,280 You're not taken to the streets if you're gnashing your teeth over paying your bills on time. 17 00:01:02,280 --> 00:01:07,640 That's why even hyperinflation needs to be controlled by the government somewhat so you don't totally lose it, 18 00:01:07,640 --> 00:01:11,840 and really take it to the streets and toss these tyrants out on their backsides. 19 00:01:11,840 --> 00:01:12,880 But it's a fine line. 20 00:01:12,880 --> 00:01:20,300 Venezuela is such a deep state mess that its inflation rate is estimated to be around 900,000%. 21 00:01:20,300 --> 00:01:22,520 900,000%. 22 00:01:22,520 --> 00:01:23,520 So that's crazy. 23 00:01:23,520 --> 00:01:29,440 But Venezuelans aren't taking it to the streets so much because that hyperinflation, insanity, 24 00:01:29,440 --> 00:01:32,820 has actually broken the Venezuelans' willingness to rebel. 25 00:01:32,820 --> 00:01:33,760 They're hopeless. 26 00:01:33,760 --> 00:01:38,360 Satan has Venezuela in his fascist, communist, chokehold death grip. 27 00:01:38,360 --> 00:01:43,400 Satan is the author of fascism and communism throughout all of history. 28 00:01:43,400 --> 00:01:49,600 In 2007, the Reserve Bank of Zimbabwe issued banknotes of $100 trillion. 29 00:01:49,600 --> 00:01:51,680 That's the amount right there on the bill. 30 00:01:51,680 --> 00:01:53,140 I'm looking at it right now. 31 00:01:53,140 --> 00:01:56,920 A $100 trillion bill next to worthless. 32 00:01:56,920 --> 00:02:02,640 In 1946, the Hungarian Pingo was the largest denomination bill ever printed. 33 00:02:02,640 --> 00:02:05,680 Its value was 100 quintillion pingos. 34 00:02:05,680 --> 00:02:13,440 Again, 100 quintillion, which is 100 million million million dollars or pingos. 35 00:02:13,440 --> 00:02:20,640 Almost all hyperinflations have been caused by government budget deficits financed by currency creation or government spending. 36 00:02:20,640 --> 00:02:26,480 What do liberals and fascists and deep-staters love to do more than anything else? 37 00:02:26,480 --> 00:02:28,280 Spend other people's money. 38 00:02:28,280 --> 00:02:34,040 Money that does not obviously belong to them and done to excess forever as they would all 39 00:02:34,040 --> 00:02:36,880 love to do if they could get away with it. 40 00:02:36,880 --> 00:02:42,080 Stories of unbelievable hyperinflation rates are extremely common throughout all of human history. 41 00:02:42,080 --> 00:02:46,360 In post-World War II, governments throughout the world wanted full employment policies 42 00:02:46,360 --> 00:02:47,360 to recover. 43 00:02:47,360 --> 00:02:51,680 When unemployment starts to rise, they had the attitude that, so we must print more money 44 00:02:51,680 --> 00:02:53,800 to try and stimulate the economy. 45 00:02:53,800 --> 00:02:54,800 Result? 46 00:02:54,800 --> 00:02:56,240 Temporary employment gains. 47 00:02:56,240 --> 00:02:58,740 As long as you're fooling people, that's fine. 48 00:02:58,740 --> 00:03:01,840 When they're no longer being fooled, inflation results. 49 00:03:01,840 --> 00:03:06,320 The only way to stop inflation is for governments to spend less and print less. 50 00:03:06,320 --> 00:03:07,320 Simple. 51 00:03:07,320 --> 00:03:11,520 The only question is, do governments have the political will to curb spending? 52 00:03:11,520 --> 00:03:16,360 And that has to do with the will of the citizens of each country. 53 00:03:16,360 --> 00:03:19,280 First Milton Friedman compared this problem to an alcoholic. 54 00:03:19,280 --> 00:03:20,880 The good effects come first. 55 00:03:20,880 --> 00:03:21,880 The buzz. 56 00:03:21,880 --> 00:03:23,800 Then the crash comes afterwards. 57 00:03:23,800 --> 00:03:25,280 Same thing with inflation. 58 00:03:25,280 --> 00:03:26,800 Everything is good at work. 59 00:03:26,800 --> 00:03:29,320 We have more money for a little while. 60 00:03:29,320 --> 00:03:32,760 Then we start to wake up and the inflation crash is upon us. 61 00:03:32,760 --> 00:03:36,720 On the flip side, looking at the alcoholic, the bad comes first. 62 00:03:36,720 --> 00:03:38,720 The drying out process. 63 00:03:38,720 --> 00:03:42,180 Then after a considerable amount of time, the good starts to show. 64 00:03:42,180 --> 00:03:44,400 Not a superficial good, but the real deal. 65 00:03:44,400 --> 00:03:46,200 A life-saving good. 66 00:03:46,200 --> 00:03:50,840 But there are no goodies to entice that alcoholic into good behavior. 67 00:03:50,840 --> 00:03:52,400 Only the threat of disaster. 68 00:03:52,400 --> 00:03:54,720 So it's a lot tougher to do the right thing. 69 00:03:54,720 --> 00:03:56,380 Same thing with inflation. 70 00:03:56,380 --> 00:04:01,860 Inflation is easy because politicians tossing hard-earned middle-class money down the loo 71 00:04:01,860 --> 00:04:05,880 is very easy because it's not their money. 72 00:04:05,880 --> 00:04:06,880 It's yours. 73 00:04:06,880 --> 00:04:12,640 But if the government bribes you with goodies, so you will vote for these thieving big spender 74 00:04:12,640 --> 00:04:18,360 low-life politicians so you can both get your jollies, so they claim, but they're the only 75 00:04:18,360 --> 00:04:20,680 ones who truly benefit. 76 00:04:20,680 --> 00:04:25,700 Not you, the poor tax-paying sap, because you're one of the proletariat. 77 00:04:25,700 --> 00:04:31,700 The on purpose, poorly educated and made unsophisticated by growing up in our government schools so 78 00:04:31,700 --> 00:04:39,680 that the bourgeois Washington DC elites can then use us and abuse us and all for their 79 00:04:39,680 --> 00:04:40,800 benefit. 80 00:04:40,800 --> 00:04:46,360 They are the codependent drug pushers of America, arbitrarily handing out goodies as favors 81 00:04:46,360 --> 00:04:52,760 to predetermined groups and shafting the conservatives who want to clean this mafia mess up. 82 00:04:52,760 --> 00:04:57,480 The real problem with taming inflation comes when we realize that sellers want prices to 83 00:04:57,480 --> 00:04:59,560 go up and buyers want prices to go down. 84 00:04:59,560 --> 00:05:04,840 But because we have far more buyers than sellers, our focus should always be on bringing prices 85 00:05:04,840 --> 00:05:05,840 down. 86 00:05:05,840 --> 00:05:08,600 Besides, even sellers have to buy stuff all the time. 87 00:05:08,600 --> 00:05:14,400 But once people have the goods, Medicare, Social Security, etc., they never want to 88 00:05:14,400 --> 00:05:16,000 give any of that up. 89 00:05:16,000 --> 00:05:18,320 But taxpayers can only pay so much. 90 00:05:18,320 --> 00:05:23,480 So now the government wants to cheat and shortcut the system by creating fiat money out of thin 91 00:05:23,480 --> 00:05:25,040 air, created digitally. 92 00:05:25,040 --> 00:05:28,600 So now they have all the money they need to spend without raising taxes. 93 00:05:28,600 --> 00:05:30,160 So it's great for the politicians. 94 00:05:30,160 --> 00:05:33,160 They don't have to pay the piper, so their careers are solid. 95 00:05:33,160 --> 00:05:34,160 The rich are okay. 96 00:05:34,160 --> 00:05:35,880 They donate to these politicians. 97 00:05:35,880 --> 00:05:40,540 They have loopholes and write-offs, but the middle class gets destroyed. 98 00:05:40,540 --> 00:05:42,680 And that's what they want. 99 00:05:42,680 --> 00:05:44,320 There's no gold standard anymore. 100 00:05:44,320 --> 00:05:49,020 So the sky's the limit for manufacturing as much money as they want out of thin air. 101 00:05:49,020 --> 00:05:53,840 Inflation is just another tax and it hurts the middle class the most. 102 00:05:53,840 --> 00:05:55,040 Governments create inflation. 103 00:05:55,040 --> 00:05:58,320 Again, it doesn't hurt the addicted to welfare poor. 104 00:05:58,320 --> 00:06:01,440 Being truly poor is now a huge special interest. 105 00:06:01,440 --> 00:06:02,720 And it doesn't hurt the rich. 106 00:06:02,720 --> 00:06:07,920 They can charge more selling their goods and services, but it annihilates the middle class. 107 00:06:07,920 --> 00:06:13,760 And again, that is exactly what the deep state wants because we are their political enemy 108 00:06:13,760 --> 00:06:17,480 and inflation is a key tool in their arsenal against us. 109 00:06:17,480 --> 00:06:21,480 The deep state tells us we need a 2% inflation rate every year. 110 00:06:21,480 --> 00:06:26,080 Their reasoning, 2% is low enough where people would not notice that prices are going up 111 00:06:26,080 --> 00:06:27,080 constantly. 112 00:06:27,080 --> 00:06:32,100 They also say that less than a 2% target risks deflation, which would cause problems with 113 00:06:32,100 --> 00:06:33,100 unemployment. 114 00:06:33,100 --> 00:06:34,100 But wait a moment. 115 00:06:34,100 --> 00:06:38,640 Since the COVID scam, hasn't unemployment been a major goal of the deep state? 116 00:06:38,640 --> 00:06:44,300 And those effects are long lasting to this day because of welfare, bailouts, lost ambitions 117 00:06:44,300 --> 00:06:45,320 and broken dreams. 118 00:06:45,320 --> 00:06:48,360 Sounds like a fresh new voting block to me. 119 00:06:48,360 --> 00:06:53,860 Voting for you guessed it, the demon cat demon rat Democrats just as planned by the deep 120 00:06:53,860 --> 00:06:54,900 state mafia. 121 00:06:54,900 --> 00:07:00,080 When the federal reserve prints money that increases inflation currently by nearly 4%. 122 00:07:00,080 --> 00:07:06,020 That means your bank is only paying 1% and so you're losing about 3% and with compound 123 00:07:06,020 --> 00:07:08,040 interest year after year. 124 00:07:08,040 --> 00:07:11,520 You are being punished for doing the right thing, which is saving money. 125 00:07:11,520 --> 00:07:14,760 The powers that be want you poor as a pauper. 126 00:07:14,760 --> 00:07:19,640 $150 would not buy as much today as $20 would in 1960. 127 00:07:19,640 --> 00:07:24,960 The government is absolutely raping your savings account, but we don't need reparations to 128 00:07:24,960 --> 00:07:27,880 be paid for by the middle class to right this wrong. 129 00:07:27,880 --> 00:07:33,400 We need simple justice, which means a small and inobstrusive government. 130 00:07:33,400 --> 00:07:35,520 And that is all that it means. 131 00:07:35,520 --> 00:07:38,620 To stop inflation, stop the printing of money. 132 00:07:38,620 --> 00:07:39,800 And guess what? 133 00:07:39,800 --> 00:07:44,680 Inflation stops for as long as that money is not being printed. 134 00:07:44,680 --> 00:07:46,160 Sounds easy, sounds simple. 135 00:07:46,160 --> 00:07:48,040 That's because it is. 136 00:07:48,040 --> 00:07:52,660 It's a massive deep state lie that prosperity causes inflation. 137 00:07:52,660 --> 00:07:54,500 What total nonsense. 138 00:07:54,500 --> 00:07:57,580 The truth, government spending causes inflation. 139 00:07:57,580 --> 00:08:01,660 To sum everything up, the government pumps trillions of dollars into our system. 140 00:08:01,660 --> 00:08:04,160 Some of it flows through to average people. 141 00:08:04,160 --> 00:08:07,080 They have an increase in earnings, so they freely spend. 142 00:08:07,080 --> 00:08:12,060 Goods and services go up in price because all the consumers are now spending more. 143 00:08:12,060 --> 00:08:15,520 So now these businesses want a piece of that action too. 144 00:08:15,520 --> 00:08:20,120 This is inflation or too much money chasing too few goods and services. 145 00:08:20,120 --> 00:08:24,560 So it all starts with government spending, which is obviously controllable. 146 00:08:24,560 --> 00:08:26,360 It's all a matter of political will. 147 00:08:26,360 --> 00:08:31,480 Will the people, will lower government spending and thus lower inflation. 148 00:08:31,480 --> 00:08:36,680 Imagine going back to the early 20th century when one dollar bought a lot, comparatively 149 00:08:36,680 --> 00:08:37,680 speaking. 150 00:08:37,680 --> 00:08:38,680 We can still do that. 151 00:08:38,680 --> 00:08:43,000 Perhaps not to that degree, but it boggles the imagination to even consider it. 152 00:08:43,000 --> 00:08:47,400 What would our economy look like if there were no Federal Reserve Central Bank? 153 00:08:47,400 --> 00:08:48,680 Just visualize it. 154 00:08:48,680 --> 00:08:53,200 Banks would be offering low interest rate loans, encouraging people to open new businesses 155 00:08:53,200 --> 00:08:58,280 and recommending 1% interest loans to pay off high interest rate credit card debts. 156 00:08:58,280 --> 00:09:00,040 It would be wonderful. 157 00:09:00,040 --> 00:09:03,680 All of the minor boom and bust cycles are gone with the Federal Reserve. 158 00:09:03,680 --> 00:09:07,880 The ones in power want one foot on the accelerator and one foot on the brake. 159 00:09:07,880 --> 00:09:10,680 The engine raves, but there's little progress. 160 00:09:10,680 --> 00:09:13,240 This is what the powers that be want for us. 161 00:09:13,240 --> 00:09:19,560 The Federal Reserve claims that they are the arbiters of sanity in an economic jungle and 162 00:09:19,560 --> 00:09:21,480 they are there to protect us. 163 00:09:21,480 --> 00:09:25,800 It sounds good, but what is wackier than printing trillions and trillions of dollars under the 164 00:09:25,800 --> 00:09:28,520 guise of keeping our economy safe and stable? 165 00:09:28,520 --> 00:09:32,240 That makes no sense at all, except to the deep state players. 166 00:09:32,240 --> 00:09:36,920 The deep state mafia is everywhere, so why wouldn't they use their considerable influence 167 00:09:36,920 --> 00:09:40,760 to control the Fed when our personal economies are so important to us? 168 00:09:40,760 --> 00:09:46,080 It benefits politicians when America is always walking that tightrope with high inflation 169 00:09:46,080 --> 00:09:50,640 on one side of the abyss and high unemployment on the other side. 170 00:09:50,640 --> 00:09:55,600 They're too busy to even notice their corruption, let alone to do anything about it. 171 00:09:55,600 --> 00:09:58,240 That is the hope of the dopes of the deep state. 172 00:09:58,240 --> 00:10:03,400 Also, it's hard for just us normal folks to understand what their dark dystopian evil 173 00:10:03,400 --> 00:10:05,000 vision really is for us. 174 00:10:05,000 --> 00:10:07,480 To quote the Swiss psychologist Carl Jung, 175 00:10:07,480 --> 00:10:11,320 Where love rules, there is no will to power. 176 00:10:11,320 --> 00:10:14,880 And where power predominates, love is lacking. 177 00:10:14,880 --> 00:10:17,520 The one is the shadow of the other. 178 00:10:17,520 --> 00:10:19,720 So they don't know what Christian love is. 179 00:10:19,720 --> 00:10:23,440 They only know its opposite, which is a lust for power. 180 00:10:23,440 --> 00:10:25,600 Carl Jung also said this, 181 00:10:25,600 --> 00:10:28,560 The healthy man does not torture others. 182 00:10:28,560 --> 00:10:32,680 Generally, it is the tortured who turn into torturers. 183 00:10:32,680 --> 00:10:38,360 Now it may seem like a bit of stretch to you to identify that quote with what we're talking 184 00:10:38,360 --> 00:10:39,360 about. 185 00:10:39,360 --> 00:10:43,000 I don't think so, because inflation affects so many people. 186 00:10:43,000 --> 00:10:47,280 Think about all the depression and the suicides that have come since the beginning of human 187 00:10:47,280 --> 00:10:50,360 history, all because of economic woes. 188 00:10:50,360 --> 00:10:54,720 And it is folly for us to assume that the powers that be, the deep state mafia, does 189 00:10:54,720 --> 00:10:56,240 not know what they're doing. 190 00:10:56,240 --> 00:10:57,520 I don't believe it for a second. 191 00:10:57,520 --> 00:11:00,800 To simplify everything, obviously we need two things. 192 00:11:00,800 --> 00:11:03,220 Number one, a growth oriented fiscal policy. 193 00:11:03,220 --> 00:11:05,960 And number two, a strong dollar monetary policy. 194 00:11:05,960 --> 00:11:07,000 And we have neither. 195 00:11:07,000 --> 00:11:11,520 The Federal Reserve is wanting a recession to conquer inflation. 196 00:11:11,520 --> 00:11:12,520 No other options. 197 00:11:12,520 --> 00:11:13,520 Solutions. 198 00:11:13,520 --> 00:11:14,760 Number one, cut government spending. 199 00:11:14,760 --> 00:11:16,120 Number two, shrink the government. 200 00:11:16,120 --> 00:11:19,080 Number three, cut taxes to fuel private sector growth. 201 00:11:19,080 --> 00:11:23,740 And number four, we need term limits to force the government into a part time role. 202 00:11:23,740 --> 00:11:28,820 We all know this works, but there are too many people on the dole and thinking of themselves. 203 00:11:28,820 --> 00:11:34,740 The Democrats always fear mongering that Republicans will cut Medicare and Social Security. 204 00:11:34,740 --> 00:11:38,680 That my friends, will be the last thing the Republicans will ever do. 205 00:11:38,680 --> 00:11:44,040 Please remember to go to Twitter and leave a comment at NoPCAllowed spelled A-L-O-U-D. 206 00:11:44,040 --> 00:11:49,880 Again, go to Twitter at NoPCAllowed spelled A-L-O-U-D. 207 00:11:49,880 --> 00:11:52,040 You've been listening to NoPCAllowed. 208 00:11:52,040 --> 00:11:53,640 I am Mac Iverson. 209 00:11:53,640 --> 00:12:17,760 We will meet again next week and every week.