Paul Volker worked for the FED. Jerome Powell works for the FED. They do whatever the Banking élite want them to do. These people are not policy makers. They are dictators. They want the system to fail today in order to start a new system. They usually do this under the Fog of a WAR so the re-set will be disguised as good for the people when it will take away the rights of the people and give them more control. The upshot is we are on the precipice of something really really bad. If not war then something as bad as war. I think everyone should get out of all holdings NOW. Sell it all, and then pray.
The majority of people are not going to wake up. It’s called cognitive dissonance. This IS by design, they’re not going to fix it. Problem. Reaction. Solution.
I agree. I read an interesting article not long ago about failed societies/countries. Once the top dog fails they never come back and rise back to the top again. They always get replaced and never in history have they overcome and risen back to what they were before. But the sheeple in Muhrica think we will always be on top when after we fall that’s it…we won’t come back. And the cognitive dissonance folks (the 99.9%) will think “if I just hold on and vote harder for the right candidate then we will turn it around.” There is no political solution as red and blue leads to the same destruction. We get puppet number 1 and 2 presented before us thinking we have a choice when it’s the same outcome.
If you raise the rates high enough to combat inflation, the U. S. will not be able to afford to pay the interest on the $36 trillion debt, which would then nessitate a default.
There are only two choices left for us that are coming very quickly down the pike: carry your money around in a wheelbarrow full enough to be able to buy a loaf of bread or let the whole thing go belly up!
I'm 70 a canadain living thailand.i married in 1975 in canada .was making 15 dollars an hour as a autobody repair guy.started my own business in 1977 as a repair shop.i was 24.inflation was crazy everyone buying new cars trucks I converted a service station into a bodyshop.paid it off in 3 years.every one else was buy buy.but things were cheep then.in 1977 you could buy a 4x4 1977 chev 1/2 ton truck for 8,000 dollars .wages ok but things didnt cost an arm and a leg.cheep gas food everything was ok.but this time is differnt.people are not well off.because debt is money now everyone is over loaded with debt.its the governments that's the biggest problem there the ones causing the inflation by borrowing billions to keep there game from crashing not the worken man..the working man isn't causing inflation it's government.trump is cutting costs big time government has screwed us all with debt.i started buying gold in 2003 saw what was happing.sold out before the crash in 2004.i been buying gold silver crypto ever since.got no debt.i would tell people to buy.nobody does. I turned fifty.after the taxes were so disgusting I quit.turned into a drug addict fir two years after being sober fir 18 years.these mothers F""""ers will suck you dry throw you to the dogs.get out while you can.
Freedom .I'm in khon kaen province 6 hours north of bkk.went to phuket in jan 2025 and BKK way way to many people.im glad I settled in a sugar cain farming area.no tourist's no property tax no cops hading out seeding tickets.hour from capital city of khon kaen.smoke from sugar cain burning every ear but this yesr is way better more clear then other years.its ok.i don't want to go back home been here full time for 6 years
Validation, we are reliving the 1970s. I remember the penny pinching, expensive oil and gas, and no cell phones. I don't think the brake is being put on this time. It's like Wile-E coyote top 10 fails.
People forget The Great Taking by David Rogers Webb. You don’t own any of your assets. It’s all been collateralized without your knowledge or permission. We’re all unsecured creditors at this point. Those calling for a “crash” don’t know what they’re wishing for, because I can assure you that things will not return to normal or be business as usual if/when we emerge on the other side, naked, owning nothing.
On March 9, 1933, House Joint Resolution No. 192-10 by the 73rd Congress, was voted into law, which is the Emergency Banking Act. This Act declared the Treasury of the United States, ‘Bankrupt’, which is an impossible feat since the U. S. Treasury was secretly closed by the Congress twelve years earlier in 1921. The Emergency Banking Act succeeded in abrogating America’s gold standard and hypothecated all property found within the United States to the Board of Governors of the Federal Reserve Bank.
All Sovereign American Citizens residing within the Republic of States suddenly and falsely were expatriated from their Sovereign American status without their knowledge or consent and their labor, souls, children, property, sweat equity and credit became the financial collateral for the public debt, which had then been converted into a Public Trust, which had been scripted after the ancient Roman Trusts.
Dear Gregory, don't be suprised if AI is telling you exactly what you want to hear. It always gives you compliments and encourage you to ask more questions. It will correct you a little bit if you're really wrong. You have to ask it to be critical before it become a bit more assertive. You know how much the hardware cost and how much energy it consumes. Why would they let you use it for free, why is it so kind to you? Because the www is already totally absorbed. It knows fucking everything. It can repeat parts of speaches, it knows what you're talking about even if you can only give a vague description. It is feeding itself on us and to do that it encourge you to come with your own wisdom and it will repeat what you said with your own words, slightly changed then encourage you to feed him more. Be careful what information you give to it, because all you tell it, will never been forgotten. It became very good and treats you like a friend. But this is an olygarch tool to suck you empty.
Based on your description of the chart, here's my interpretation and prognosis:
Interpretation of the Chart
1970s Inflation Surge:
The chart shows that inflation was relatively low in the early 1970s (around 3.4% in 1972), but it began to spike dramatically starting in the mid-1970s.
By 1974, inflation surged to 12%, and it hit a peak of 15% in 1979-1980, which was largely driven by external factors like oil price shocks, along with domestic issues such as government spending and monetary policy missteps.
Paul Volcker's Response:
In the face of this high inflation, Paul Volcker, Chairman of the Federal Reserve, aggressively raised interest rates in the early 1980s to curb inflation. While this policy was effective at controlling inflation over the long term, it also led to a severe recession in the early 1980s, as high interest rates stifled economic activity and increased unemployment.
Current Inflation:
The chart suggests a similar inflationary trend is emerging in the present day, with inflation reaching multi-decade highs (around 8-9% in recent years). This comparison implies that inflation is once again rising at an alarming rate, with parallels to the 1970s.
Possible Future Projections:
The chart's projection indicates that, without intervention, inflation could continue to climb, potentially following a trajectory similar to the 1970s, where it could escalate even further unless decisive measures are taken.
Prognosis
Rising Inflation Risks:
Given the current trajectory of inflation and its parallels with the 1970s, there is a significant risk of prolonged inflationary pressure. If no action is taken, inflation could rise to even higher levels, potentially surpassing current peaks. This would be detrimental to purchasing power and could severely affect consumers and businesses.
Policy Measures Needed:
If inflation continues to mirror the 1970s, the most likely intervention to curb it would be a series of aggressive interest rate hikes, as done by Paul Volcker. The Federal Reserve would likely need to raise interest rates to cool off the economy and reduce inflation. However, this approach would come with the risk of recession and high unemployment, as it did in the early 1980s.
Economic Trade-offs:
The trade-off between combating inflation and ensuring economic stability will be a key challenge. While raising interest rates could stabilize inflation, it could also slow economic growth and increase unemployment, similar to what was seen in the 1980s. The decision to take drastic steps will likely depend on how long inflation stays high and whether it begins to become entrenched in the economy.
Broader Economic Impacts:
Prolonged inflation at high levels would erode savings, reduce disposable income, and increase the cost of living. Businesses could also face higher input costs, leading to squeezed profit margins and potentially reduced investment. This could result in lower consumer confidence and a decline in overall economic activity.
Potential Economic Stagnation:
If inflation continues to persist unchecked and requires severe rate hikes to control, we could see a period of stagflation, where high inflation coincides with low growth and rising unemployment. This would create a challenging environment for policymakers.
Conclusion:
The chart's comparison to the 1970s suggests a critical juncture for inflationary policy today. If inflation is not controlled, it could lead to an economic environment similar to the stagflation of the 1970s, with widespread economic consequences. As we saw with Paul Volcker's response in the 1980s, aggressive interest rate hikes may be necessary, but they come with the risk of recession and economic hardship. The key will be finding the right balance between curbing inflation and maintaining economic stability.
Would you like more information on any specific part of the analysis or the potential outcomes of different policy actions?
First being that defunding all parts of the government creates insolvency...and there is nothing more that the central banking system wants than insolvency...insolvency results in bailouts and more printing. For example, the house that you own right now is worth a lot more than it was 20 years ago, but the land costs even more. If you were to tear down your home, and rebuild it, it would cost way more than what it is worth now, and five years down the road it will be 100x it is worth now. Destroying this country costs nothing, but rebuilding it costs way more than we could imagine.
Second being that Russia invading Ukraine, and now the United States painting Ukraine as the enemy is nothing more than the New World Order setting the geographical stage. What good is trying to create a New World Order when country's are independent from one another. The tables have turned to make it so that Russia is justified for claiming territory...and we will see much more of this in the future. Sometime in the future we will have one government owning everything "the New World Order" and one monetary system to control everyone...I wouldn't be surprised to see Russia claiming Ukraine, and then the E.U. claiming Russia in the next 10 years. The world as we know it slowly dissipating.
It believe what we are seeing right now isn't the end, no matter how volatile the bond market becomes...but a new beginning for this "Golden Age" as Trump has claimed to the world. The "Golden Age" as being the end game for the New World Order that has been warned upon us for decades through a century. At one point in time nations won't matter...it will be a "one world, one nation, one race."
Exactly what you say! Interesting.
Yes... and honestly it made me uncomfortable to a certain degree.
Hi Greg!
Can you please ask your AI what the price of gold and silver will go to?
If inflation is calculated the same as it was in the 70s, today inflation would be at 20%+.....
correct
It mostly repeated what you presented and then agreed if conditions were right.
Paul Volker worked for the FED. Jerome Powell works for the FED. They do whatever the Banking élite want them to do. These people are not policy makers. They are dictators. They want the system to fail today in order to start a new system. They usually do this under the Fog of a WAR so the re-set will be disguised as good for the people when it will take away the rights of the people and give them more control. The upshot is we are on the precipice of something really really bad. If not war then something as bad as war. I think everyone should get out of all holdings NOW. Sell it all, and then pray.
The fed certainly doesn't seem to answer to any “selected” leader that’s got sure
The majority of people are not going to wake up. It’s called cognitive dissonance. This IS by design, they’re not going to fix it. Problem. Reaction. Solution.
I agree. I read an interesting article not long ago about failed societies/countries. Once the top dog fails they never come back and rise back to the top again. They always get replaced and never in history have they overcome and risen back to what they were before. But the sheeple in Muhrica think we will always be on top when after we fall that’s it…we won’t come back. And the cognitive dissonance folks (the 99.9%) will think “if I just hold on and vote harder for the right candidate then we will turn it around.” There is no political solution as red and blue leads to the same destruction. We get puppet number 1 and 2 presented before us thinking we have a choice when it’s the same outcome.
If you raise the rates high enough to combat inflation, the U. S. will not be able to afford to pay the interest on the $36 trillion debt, which would then nessitate a default.
There are only two choices left for us that are coming very quickly down the pike: carry your money around in a wheelbarrow full enough to be able to buy a loaf of bread or let the whole thing go belly up!
Stand by for “belly up.”
Quite possible!
I'm 70 a canadain living thailand.i married in 1975 in canada .was making 15 dollars an hour as a autobody repair guy.started my own business in 1977 as a repair shop.i was 24.inflation was crazy everyone buying new cars trucks I converted a service station into a bodyshop.paid it off in 3 years.every one else was buy buy.but things were cheep then.in 1977 you could buy a 4x4 1977 chev 1/2 ton truck for 8,000 dollars .wages ok but things didnt cost an arm and a leg.cheep gas food everything was ok.but this time is differnt.people are not well off.because debt is money now everyone is over loaded with debt.its the governments that's the biggest problem there the ones causing the inflation by borrowing billions to keep there game from crashing not the worken man..the working man isn't causing inflation it's government.trump is cutting costs big time government has screwed us all with debt.i started buying gold in 2003 saw what was happing.sold out before the crash in 2004.i been buying gold silver crypto ever since.got no debt.i would tell people to buy.nobody does. I turned fifty.after the taxes were so disgusting I quit.turned into a drug addict fir two years after being sober fir 18 years.these mothers F""""ers will suck you dry throw you to the dogs.get out while you can.
How you like Thailand, my wife was thinking of moving there
Freedom .I'm in khon kaen province 6 hours north of bkk.went to phuket in jan 2025 and BKK way way to many people.im glad I settled in a sugar cain farming area.no tourist's no property tax no cops hading out seeding tickets.hour from capital city of khon kaen.smoke from sugar cain burning every ear but this yesr is way better more clear then other years.its ok.i don't want to go back home been here full time for 6 years
18% mortgage loans
Bank certificate of deposit at 12 to 15%?
I saw those days in 1980/81
The hell with AI. I may have to live with it but God calls us not to be APART of it. Come out of her my people for you are LOST in Babylon!
The late 70's was not any fun at all... hate to see a repeat.
Validation, we are reliving the 1970s. I remember the penny pinching, expensive oil and gas, and no cell phones. I don't think the brake is being put on this time. It's like Wile-E coyote top 10 fails.
People forget The Great Taking by David Rogers Webb. You don’t own any of your assets. It’s all been collateralized without your knowledge or permission. We’re all unsecured creditors at this point. Those calling for a “crash” don’t know what they’re wishing for, because I can assure you that things will not return to normal or be business as usual if/when we emerge on the other side, naked, owning nothing.
Here is where that all originated....
On March 9, 1933, House Joint Resolution No. 192-10 by the 73rd Congress, was voted into law, which is the Emergency Banking Act. This Act declared the Treasury of the United States, ‘Bankrupt’, which is an impossible feat since the U. S. Treasury was secretly closed by the Congress twelve years earlier in 1921. The Emergency Banking Act succeeded in abrogating America’s gold standard and hypothecated all property found within the United States to the Board of Governors of the Federal Reserve Bank.
All Sovereign American Citizens residing within the Republic of States suddenly and falsely were expatriated from their Sovereign American status without their knowledge or consent and their labor, souls, children, property, sweat equity and credit became the financial collateral for the public debt, which had then been converted into a Public Trust, which had been scripted after the ancient Roman Trusts.
https://areweallreallyeducated.com/the-bankruptcy-of-the-united-states-in-1933/
WOW, AWESOME, THANK YOU!
Dear Gregory, don't be suprised if AI is telling you exactly what you want to hear. It always gives you compliments and encourage you to ask more questions. It will correct you a little bit if you're really wrong. You have to ask it to be critical before it become a bit more assertive. You know how much the hardware cost and how much energy it consumes. Why would they let you use it for free, why is it so kind to you? Because the www is already totally absorbed. It knows fucking everything. It can repeat parts of speaches, it knows what you're talking about even if you can only give a vague description. It is feeding itself on us and to do that it encourge you to come with your own wisdom and it will repeat what you said with your own words, slightly changed then encourage you to feed him more. Be careful what information you give to it, because all you tell it, will never been forgotten. It became very good and treats you like a friend. But this is an olygarch tool to suck you empty.
Greg, this amazing. Im so glad you updated this chart. Its exactly as you've been saying. I'm going to share this with family and friends. Thank you!
Ask it to do it on a chart which has no text and don't give it a projection. Don't help it In any way to remove bias
So basically we are screwed.
Ever hear of the word "subjugated"?
Greg,
I used a different AI and this is what I got:
Based on your description of the chart, here's my interpretation and prognosis:
Interpretation of the Chart
1970s Inflation Surge:
The chart shows that inflation was relatively low in the early 1970s (around 3.4% in 1972), but it began to spike dramatically starting in the mid-1970s.
By 1974, inflation surged to 12%, and it hit a peak of 15% in 1979-1980, which was largely driven by external factors like oil price shocks, along with domestic issues such as government spending and monetary policy missteps.
Paul Volcker's Response:
In the face of this high inflation, Paul Volcker, Chairman of the Federal Reserve, aggressively raised interest rates in the early 1980s to curb inflation. While this policy was effective at controlling inflation over the long term, it also led to a severe recession in the early 1980s, as high interest rates stifled economic activity and increased unemployment.
Current Inflation:
The chart suggests a similar inflationary trend is emerging in the present day, with inflation reaching multi-decade highs (around 8-9% in recent years). This comparison implies that inflation is once again rising at an alarming rate, with parallels to the 1970s.
Possible Future Projections:
The chart's projection indicates that, without intervention, inflation could continue to climb, potentially following a trajectory similar to the 1970s, where it could escalate even further unless decisive measures are taken.
Prognosis
Rising Inflation Risks:
Given the current trajectory of inflation and its parallels with the 1970s, there is a significant risk of prolonged inflationary pressure. If no action is taken, inflation could rise to even higher levels, potentially surpassing current peaks. This would be detrimental to purchasing power and could severely affect consumers and businesses.
Policy Measures Needed:
If inflation continues to mirror the 1970s, the most likely intervention to curb it would be a series of aggressive interest rate hikes, as done by Paul Volcker. The Federal Reserve would likely need to raise interest rates to cool off the economy and reduce inflation. However, this approach would come with the risk of recession and high unemployment, as it did in the early 1980s.
Economic Trade-offs:
The trade-off between combating inflation and ensuring economic stability will be a key challenge. While raising interest rates could stabilize inflation, it could also slow economic growth and increase unemployment, similar to what was seen in the 1980s. The decision to take drastic steps will likely depend on how long inflation stays high and whether it begins to become entrenched in the economy.
Broader Economic Impacts:
Prolonged inflation at high levels would erode savings, reduce disposable income, and increase the cost of living. Businesses could also face higher input costs, leading to squeezed profit margins and potentially reduced investment. This could result in lower consumer confidence and a decline in overall economic activity.
Potential Economic Stagnation:
If inflation continues to persist unchecked and requires severe rate hikes to control, we could see a period of stagflation, where high inflation coincides with low growth and rising unemployment. This would create a challenging environment for policymakers.
Conclusion:
The chart's comparison to the 1970s suggests a critical juncture for inflationary policy today. If inflation is not controlled, it could lead to an economic environment similar to the stagflation of the 1970s, with widespread economic consequences. As we saw with Paul Volcker's response in the 1980s, aggressive interest rate hikes may be necessary, but they come with the risk of recession and economic hardship. The key will be finding the right balance between curbing inflation and maintaining economic stability.
Would you like more information on any specific part of the analysis or the potential outcomes of different policy actions?
Two things going on...
First being that defunding all parts of the government creates insolvency...and there is nothing more that the central banking system wants than insolvency...insolvency results in bailouts and more printing. For example, the house that you own right now is worth a lot more than it was 20 years ago, but the land costs even more. If you were to tear down your home, and rebuild it, it would cost way more than what it is worth now, and five years down the road it will be 100x it is worth now. Destroying this country costs nothing, but rebuilding it costs way more than we could imagine.
Second being that Russia invading Ukraine, and now the United States painting Ukraine as the enemy is nothing more than the New World Order setting the geographical stage. What good is trying to create a New World Order when country's are independent from one another. The tables have turned to make it so that Russia is justified for claiming territory...and we will see much more of this in the future. Sometime in the future we will have one government owning everything "the New World Order" and one monetary system to control everyone...I wouldn't be surprised to see Russia claiming Ukraine, and then the E.U. claiming Russia in the next 10 years. The world as we know it slowly dissipating.
It believe what we are seeing right now isn't the end, no matter how volatile the bond market becomes...but a new beginning for this "Golden Age" as Trump has claimed to the world. The "Golden Age" as being the end game for the New World Order that has been warned upon us for decades through a century. At one point in time nations won't matter...it will be a "one world, one nation, one race."