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Since the start of the Russia-Ukraine conflict, Zimbabwe's inflation rate shot up from 66% to more than 130% in May 2022. By June 2022, it surged again to 191%.
And of course Wikipedia is blaming the war instead of money printing for inflation, because they have an agenda.
In April 2023, the government announced the introduction of digital currencies backed by gold reserves. The digital money will be allowed to be transferred for people and business as a form of payment via e-gold wallets or e-gold cards.
need robots and automation to increase productivity if the total worker participation rate is going to continue to decline due to demographics
dditional debt is not necessarily a weakness when you're talking about the US government.
What is needed is to motivate the working population. Promote the supply side.
The extra interest just gets added to the deficit. Additional debt is not necessarily a weakness when you're talking about the US government.
Businesses need to do more with the same (if not less) in order to reduce the cost per unit.
Let's get a group of people to whip people to work harder, and not smarter, and to execute them if they don't meet performance goals, and also rape their wife, and or kids. That'll motivate them!!
Hence further inflation.
New York City’s retailers are starting to respond rationally to the City’s failure to prosecute so-called “low level crimes” like shoplifting, by locking down even low cost items, like toothpaste:
Precautions like this dramatically increase employee labor, which in turn increases what economists call the “transaction cost” of every single purchase. It’s crime inflation. The unstated “equitable” goal is to free the police up to prosecute the middle class for things like protesting in front of abortion clinics, and to pressure citizens into agreeing to federalize local law enforcement.
Ding-dong! (Wait several minutes.) Can I get a pack of adult diapers, please? Thanks. Ding-dong! Now could I grab some genital wart ointment? Thanks!
Meanwhile in California...to help its citizens the State of California raised the minimum wage of fast food workers to $20 an hour. Since this happens in a vacuum, expect the burger flippers to go out and buy a new Tesla, or buy a house oooooooooo aaahhhh the possibilities are endless.
What a bunch of clusterfucks. It is simply going to raise prices across the board especially rent prices. Yes, especially rent prices.
People keep voting for this commie shit. They get what they get,
I am saying there needs to be emphasis on total quality management, productivity, etc. Its a culture matter whereas now the dominant theme or religion is Woke and not continuous improvement, six sigma, and driving down cost per unit.
Meanwhile in California...to help its citizens the State of California raised the minimum wage of fast food workers to $20 an hour. Since this happens in a vacuum, expect the burger flippers to go out and buy a new Tesla, or buy a house oooooooooo aaahhhh the possibilities are endless.
People keep voting for this commie shit. They get what they get,
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https://patrick.net/post/1344548/2022-04-11-putin-s-price-hike-failing-administrati
Frankly, I prefer my spaceship to have big tits and not fake inflated ones.
EDIT - numbers drop:
America goes back to the 80s: Surging gas prices and higher rents push inflation to 41-year high of 8.5% as White House blames it on Putin invading Ukraine
The consumer price index rose 8.5% in March from a year ago, the fastest increase since December 1981
Housing costs, which make up about a third of the index, have escalated and show no signs of cooling
Gasoline prices soared 49% in March from a year ago as the war in Ukraine rocked energy markets
Biden's administration tried to get ahead of the dire inflation news by blaming Russian leader Vladimir Putin
But Republicans place the blame for soaring prices on 'Democrats' reckless spending and failed policies'
https://www.dailymail.co.uk/news/article-10711311/Inflation-soars-new-41-year-high-8-5.html?source=patrick.net