US Inflation & the big picture

[Jon Freise]

The economist, and nobel prize winner, Paul Krugman has a post linking two actions by the Trump Administration: The murder of Rene Good and the political Lawfare being waged against Fed Governor Jerome Powel (a lifelong Republican and member of the 1%).

While I recommend reading the whole thing, it is worth looking at his examples of what has happened to other nations who had monetary policy under dictator control.  Because you might be able to avoid being targeted by keeping your head down, but no one can hide from inflation.

https://paulkrugman.substack.com/p/trump-is-venezuelifying-the-united

Big Picture View:

The Changing World Order is a book that describes the financial perspective of what happens when a super power that is the world's currency holder begins to fall out of power.  There is a typical pattern and the US is following it.  

https://economicprinciples.org/the-changing-world-order

We could do better than the typical pattern, but we are paralyzed by internal infighting.  That internal infighting is totally normal, and part of the pattern of collapse.  That internal infighting is what killed Rene Good and what is attacking Jerome Powell.

I offer this up because part of what we are going through is personal with personal choices.  And part of this is like a hurricane.  A hurricane is a big storm created as heat tries to get from the sea water to the upper atmosphere where it can radiate back into space.  It isn't personal.  The destruction of cities and towns and lives by a hurricane isn't personal.  It is just happening.  And it will continue to happen no matter what we do with our protest signs.

The reality is that our economic system sits on a biophysical system.  Our political system sits on top of our economic system.  When the physical system shakes, the economic and political systems fall down.  Just like an earthquake.  At those moments, it isn't personal, exactly.  But you still need to get out of the harm's way of falling bricks, ruptured and burning gas lines, etc.

That does not mean we are helpless and can do nothing.  We cannot stop the hurricane or the earthquake.  But we can help one another live through the chaos.

Keeping our democracy intact, allowing for flexible changes in leadership, and keeping skilled bureaucrats in key positions will allow our nation to flex in the face of these challenges rather than collapse.

But no matter what happens in the next elections, the US is not going back to the post WWII order.  That is done.  And the US $ as the world's reserve currency is probably going to go with it.  

But we do have a say in what order comes next.

Rob Hopkins "From What Is to What If"   https://www.youtube.com/watch?v=ycEi3oUNwGE

https://www.robhopkins.net/

May you be well,

-Jon