Are our esteemed leaders secretly cooking up a gourmet plan to tackle inflation with food rationing? It seems like a recipe for disaster, but let's dig into this tantalizing conspiracy stew and find out. More on this below. Keep reading.
The Looming Crisis
In recent times, several Western governments have taken a significant step by signing a WEF treaty that compels them to initiate the rationing of food supplies and replace conventional currency with Central Bank Digital Currencies (CBDCs) commencing next year. This move has sparked concerns among various quarters, with journalist Brandon Smith suggesting that the escalating inflation we're witnessing is part of a deliberate orchestration by the elite to hasten their 2030 agenda.
Understanding Inflation: A Deliberate Strategy
Brandon Smith highlights a troubling perspective: that the increase in inflation is not a mere economic consequence but a calculated strategy employed by banking oligarchs and political authorities to establish far-reaching socialist controls over essential resources. Central bankers often play a central role in fostering inflationary events, primarily through the expansion of the money supply. While inflation can have multiple causes, the supply of money stands out as the most influential factor. When there's an excess of money circulating compared to available resources, it triggers instability in supply and, consequently, an upsurge in prices.
The Predictable Domino Effect
Inflation events tend to set off a chain reaction within society and the economy. They manifest as price spikes, diminished savings, increased poverty, a surge in crime rates, and rising interest rates. These conditions are usually followed by ineffective attempts at rate hikes, further inflation, diminishing foreign investment in debt, foreign currency depreciation (leading to more inflation), decreased consumer spending, and job losses. This cyclical pattern has recurred historically, from Weimar Germany in the 1920s to America in the 1970s, Yugoslavia in the 1990s, and Argentina and Venezuela in the 2000s.
The Road to Price Controls
A critical juncture in this cycle often arrives when governments resort to imposing price controls on producers and distributors. However, this measure ultimately proves ineffective. Subsequently, governments move towards rationing, seizing control of necessities, including the food supply. It's essential to note that this scenario is not confined to history; it has already unfolded in the United States. In 1971, President Richard Nixon issued Executive Order 11615, freezing wages and prices for 90 days under the Economic Stabilization Act. This action, although rare outside of wartime, provided a short-term boost to the markets but failed to address the root causes of inflation.
Recurring Failed Attempts at Price Control
The 1970s saw a resurgence of price controls during the Arab Oil Embargo and under President Gerald Ford's "Whip Inflation Now" campaign. These measures, too, failed to curtail inflation, leading to sustained increases in gas prices. President Jimmy Carter later introduced price and wage "guidelines," which aimed to reward businesses adhering to predetermined price increase percentages. This strategy, however, could not effectively combat inflation.
The Truth About Price Controls
Price controls, while initially intended to combat inflation, often stifle profit incentives for businesses, resulting in reduced production. Less production leads to diminished supply, which, in turn, drives prices higher. This issue compounds the underlying problem of fiat money creation. Politicians often deflect blame away from the government and central banks, pointing fingers at free markets, accusing businesses of greed, and condemning profit-taking during crises.
Current Climate and Government Actions
Presently, as central bank interest rate hikes fail to significantly impact inflation, several leftist governments are openly discussing the implementation of price controls. Notably, Canada's Prime Minister Justin Trudeau has ordered major grocery chains to reduce prices, despite the fact that grocers' profit margins remain flat due to escalating operational costs. Trudeau's strategy involves scapegoating businesses while setting the stage for government-mandated price controls. When these inevitably fail and disrupt the supply chain, rationing becomes the next step. Once the public becomes accustomed to rationing, the elites gain unprecedented control over access to food and essential resources.
The U.S. Scenario
Similar strategies are unfolding in the United States, albeit at a city and state level. In Chicago, for instance, Mayor Brandon Johnson has proposed government-run grocery stores in areas affected by inflation and shoplifting. These government-operated stores may implement price control measures and have the potential to introduce rationing in the future. Comparable projects are under consideration in various other U.S. cities. Leftist cities are driving away businesses while planning to replace essential services with government-controlled entities.
The Inevitability of Rationing
In conclusion, history has shown that rationing often follows failed attempts at price controls. While the United States has not encountered such conditions for a while, the likelihood of facing them in the near future is substantial. If the establishment gains rationing power, it may prove challenging to relinquish it. Furthermore, rationing could serve as a means to introduce Universal Basic Income (UBI) and Central Bank Digital Currencies (CBDCs). Government-run food centers could limit purchases to specific items and require payment using digital currencies, ultimately phasing out cash.
What Trudeau is doing is pretending to be stupid while engaging in a very clever strategy of scapegoating.
A Call to Action
As we navigate the complex world of politics, it is crucial to recognize that both Democrat and Republican presidents have experimented with price controls in the past. To prevent these actions from coming to fruition, public pressure must be applied at the state level, at a minimum. While it may be tempting to attribute inflation to producers and distributors, the real threat emanates from governments and banks. We must not allow those responsible for the crisis to gain more power at the expense of the public.
Hot take: Who needs sensible economic policies when you can just ration food and blame it on the groceries? Bon appétit, dear citizens!
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