The real challenge ahead is your loss of purchasing power [see photo].
It works this way:
Modern monetary policy expands the volatility of money inside your country. This leads to the first loss of purchasing power. The second loss comes when the currency you use is devalued in relation to other stores of value around the world. The third impact is that government fiscal policy is used to offset the impact of monetary policy excesses with higher taxes [Kaldor consumption taxes will be expanded]. The fourth impact is the price increases in food, staple products, and services. The fifth impact is that there are many negative externalities attached to this mix of economic policies.
To prepare yourself for this descending turmoil you can become a minimalist. But whatever you do I urge you to be aggressive in learning new ways of surviving in times that are hostile towards you as an individual.
Richard
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