Later On

A blog written for those whose interests more or less match mine.

The (Almost) Bulletproof Plan to Take Down America — and How to Stop It

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Dave Troy writes on Medium:

There is a nearly foolproof plan underway to crush the United States and bring it fully under fascist rule. In recent months, this chorus has been on repeat:

  1. “Federal overspending has pushed inflation to new levels.” This claim, which is in fact difficult to back up with facts, connects two facts in a misleading way. Yes, the Federal government, under Trump and Biden, authorized significant stimulus spending to help with the severest effects of the pandemic. These efforts were mostly successful. And while there has been significant inflation over the last year, there isn’t much evidence to suggest that COVID stimulus did in fact lead to inflation.
  2. “Gas prices are too high, hurting everyday people at the pump. And it’s Biden’s fault.” Yes, gas prices are very high — in every country in the world, where Biden is not president. Regardless of whether gas should be as cheap as it was (we need to get off of it entirely), we certainly are dependent on it now. So this has important real-world effects for everyday Americans, but importantly the costs of all goods. Including food. But oil and gas companies are realizing record profits, suggesting that high prices are not a result of supply shortage, but rather discretionary profit-taking.
  3. “The Fed needs to raise interest rates to keep inflation in check, since it lost control of the economy.” Arguably, near-zero interest rates were not a great thing for the economy anyway, and we saw a lot of speculative bubbles (like the entire crypto market, more on that later) arise from this policy. But the Fed can raise interest rates to 10% and it won’t make a damn bit of difference to fuel prices, which are actually behind the inflation.
  4. “Wow, the Fed sure is raising interest rates aggressively and nothing is getting better… this is going to kill the economy.” This is because the inflation is coming primarily from profit-taking in the energy sector and supply chain imbalances, things that will remain unaffected by interest rate hikes. We are being goaded into treating a symptom that will explicitly not address the disease.
  5. “Looks like Joe Biden’s overspending led us right into a recession, just like we said it would. Mass unemployment can’t be far behind.” Nevermind that unemployment is at all-time lows… this recession that Biden caused is certainly going to lead to doom and gloom! Good thing the oil and gas companies made record profits throughout all of this — but let’s not mention that!

These false assertions, repeated ad infinitum from every possible media outlet, will guarantee that Democrats lose control of Congress in November. Whatever else people think will motivate voters, pushing fuel and food prices to the point of civil unrest will make it impossible for any other issue to matter. November will be a referendum on energy prices and food prices. Banks are already planning for civil unrest, according to a report obtained by the Byline Times.

This is all, well, really bad, and is going to lead to a lot of pain. But it could have been worse. Parts of their otherwise solid plan to push the economy into disarray are not going to plan.

Here’s what they hoped would also happen: . . .

Continue reading.

Written by Leisureguy

15 June 2022 at 3:47 pm

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