History may not always repeat, but it rhymes. As seen in just about every situation where socialism and government intervention in the market economy of any nation is triggered, eventually you get to the point where government solutions to their created crisis take center stage.
We have seen this exact scenario repeated in the former Soviet Union, Poland, Europe, Cuba and more recently Venezuela. The triggers are the same, and the outcomes are identical. Now, as unbelievable as it may seem, Joe Biden’s socialist policies have triggered the discussion in the United States.
CTH warned this was going to become a narrative; and we saw the first signs of it at the White House podium on January 12th.
WASHINGTON – People are paying a lot more for food, gas, cars and services, and inflation isn’t over yet as the pandemic continues to distort the economy. So, should governments consider setting the price of essential goods?
It’s been done before, typically during times of crisis, but for most mainstream economists, the answer to this question is a resounding “no.” Limiting how much companies can charge will distort markets, they argue, causing shortages and exacerbating supply chain problems while only temporarily reducing inflation.
“Price controls can of course control prices — but they’re a terrible idea,” David Autor, a professor of economics at the Massachusetts Institute of Technology, remarked in a survey published earlier this month by the University of Chicago. Asked whether price controls similar to those used in the United States during the 1970s could reduce inflation over the next year, less than a quarter of economists surveyed said they agree while nearly 60% said they disagree or strongly disagree.
[…] with annual inflation running at a four-decade high of 7% and midterm elections approaching, price controls could feature in future debates about how to reduce prices, particularly if actions taken this year by the Federal Reserve fail to tame inflation. (read more)
See that emphasis of mine in the above paragraph. Yeah, the same University of Chicago at the epicenter of Alinsky crowdsourcing.
Accepting socialism in the United States does not come easily. To use the lingo of the Marxists, it comes as an outcome of a “larger conversation” where we begin to “reimagine a nation of greater equity.” Every nudge begins with the opening of a conversation…
Create the crisis. Fuel the crisis. Then offer government solutions for the crisis. Use the crisis to advance the goal.
[Barack Obama and crew are smiling at CNN right now.]
Just pray!
Indeed. I pray for the thing that we don’t speak of is actually true. I pray something big happens and this whole sh!+show is shutdown with all of the criminals arrested and given the exact same courtesy afforded to the January 6th political prisoners.
And I would love to hear their complaints. I would love to tell them “this is what you gave to your political prisoners and it’s a lot better than you gave to the people you left in Afghanistan. I don’t think your complaints are even remotely valid.”
Pride goeth before a fall.
I’m seeing a lot of smug, prideful faces. May it be so.
Amen. It’s what we’ve got right now along with being very frugal. Prayers that the good Lord will answer our calls in big and obvious way.. soon.
Pray that we survive this charlie foxtrot without a hot civil war; it may be a situation of Praise the Lord and pass the ammunition.
I don’t think Peoples lack of prayer has anything to do with it. I think People need to do something beside on bended knee.
Yes. Pray your aim improves and your locks hold true.
I agree, pray. But prayer is not enough. God helps those who help themselves. Sometimes people have to fight, and yes I mean physically fight. When tyranny is being imposed on people, the only choice is to fight, there is no other alternative. I believe that God wants us to solve our own problems, as far as we are able. Fighting an enemy as powerful as the one we face requires courage, but consider: If the result of inaction, with no risk, is slavery, the price is far too high. If the result of action, with high risk, is freedom, the price is a bargain. I would say pray, but also sharpen your sword.
The Overton Window is being nudged once again.
How ’bout just control prices for two months to “flatten the curve” of inflation!
Wasn’t it only two weeks to flatten COVID…if they do two months that would mean what 2 to 4 years of added price control leading to other controls.
“DANGER! Will Robinson.” Don’t give the government even a hint of more power, even if you want it limited. This Leviathon will crush you with nary a shudder and just keep rolling along.
Fool me once…
I posted it before, but watch this video as George Gammon discusses why he’s predicting price controls for 2022 (he uploaded the video on 12-28-2021). It’s a good discussion and you get to see a clip of Thomas Sowell explaining why price controls don’t work. He also shows part of Nixon’s address to the nation about implementing price controls.
Thank you Eric, but who is George Gammon and why should we listen to his advice?
Not being nasty, no offense intended, asking for information. George Gammon is unknown to me. Thanks.
He does deep, detailed, fact-based analysis of economic data, but you need to be a data analysis geek (like me) to love his stuff. He’s a contrarian unlike virtually everyone else in the economic predictions crowd and sees right through the BS they don’t… or pretend not to see. He’s a realist, not a happy, happy, joy, joy smoke up your a** type.
Here’s another good one:
World’s Most Accurate Economic Indicator Is Predicting GFC 2.0
111,500 views • Dec 9, 2021
Oh Winston, thank you so much. Exactly what i was looking for – some facts, with an opinion from a trusted source – a Treeper. Sounds like my kind of guy, one from whom i can learn. Thanks, much obliged.
Just finished his price control one linked above. Excellent. It even includes a valuable bit on the subject from Thomas Sowell.
As a follow-up, I highly recommend this one to. He explains what constrains banks in simplistic terms and why the “elite” will push to Central Bank Digital Currencies (CBDC). Very scary, but very simplistic and totally feasible. I guess Mexico announced they are going to have a Digital Currency by the end of 2024.
The thing that led to Soviet Russia collapse was no insight in to prices. A Fed Coin would give the Fed gov’t the insight to pricing data. He explains with an example that you get your Fed Coin benefits deposited to you but they would be able to only allow you to spend $100 a month on things that produce carbon: gas. Maybe they need to stimulate the economy based on what they see in the Fed Coin spending so you’ll get $5,000 but have to spend it in a week. Complete, absolute control.
The same people supporting vaccine passports will support the abolishment of cash giving absolute control to the federal government without firing a shot.
I think the price control issue will just be the start. Never let a crisis go to waste.
“Complete, absolute control.”
Exactly, including knowledge and potential control of everything you do and everywhere you go.
Don’t like negative interest rates implemented to “fix” problems according to their SIMPLISTIC GARBAGE (see Minsky video below) economic theory?
If there is no cash to withdraw from your bank account as the Japanese did when their central bank did that, something that caused a shortage of large denomination bills in their country, you money sits in the bank losing money from the negative interest rate. You are PAYING the bank to hold your money.
Of course, we in the US are already experienced negative REAL (effective) interest rates on bank deposits earning tiny fractions of a percent while they lose 7% (actually MUCH more because the CPI figure is manipulated garbage) in value annually just sitting there.
On top of that, artificially low interest rates have cost depositors $1.5 trillion in interest in the decade since the sub-prime housing bust.
Here’s a very short and simple expose’ on the SIMPLISTIC GARBAGE economic theory they use to run the world via centrally planning (central planning always works well, right?) the artificial manipulation of the price of money (interest rates).
So, why is it never significantly changed? Because it GREATLY benefits those in a powerful enough position to change it. They don’t want it changed.
It’s a great way to take a huge fortune from the people with nary a trace. Refining bank robbery and eliminating any DNA, witnesses etc.
It’s just some good economic analysis. He backs everything he talks about with facts and tries to explain some difficult topics in easily digestible analysis. He has lots of good interviews with various financial experts.. He is also suing the Federal Reserve under the premise they violated the Federal Reserve Act as they responded to the Covid economic shutdown.
In the video I posted in response to Wiston below he points out that inflation is the way the fed can get the debt to GDP back down. Inflation leads to more tax collection. Use inflated dollars to pay down old debt. It all just makes sense.
His videos along with Sundance’s analysis of the supply chain and what’s happening with JoeBama admin is a good foundation to navigate the change the global elite is trying/going to implement in a very short period.
Yes, I’ve been listening to him for some time. Interesting guy…
I’ll click on just about anything that features
Thomas Sowell.
The good news, they are leftist lemmings, they always work from the Little Red book. We know what they are going to do. Act accordingly.
Nixonian! Wage and price controls. LOL. Never worked. Who is gonna monitor this? I know, we can put VP Harris in charge.
Wait until they take over trucking and give food preference to blue cities.
My thought as well.
Oh great, a federal agent in every 18 wheeler. That may not turn out well for the federal agents.
A good start to stability in the price of gas and oil would be to eliminate people like Odumbo, Soros, Gates and the rest of the pieces of human trash globalists
Literally, the “experts” say No in this case. So is the headline “Fact-check: government controlled food prices will cause food shortages”?
Nope. It’s “Should the government control the price of food and gas”? Fake Headline News. Unfortunately, works every time.
It’s been done before, typically during times of crisis, but for most mainstream economists, the answer to this question is a resounding “no.” Limiting how much companies can charge will distort markets, they argue, causing shortages and exacerbating supply chain problems while only temporarily reducing inflation.
You miss the point. Learn how to Alinsky. Raising the conversation is the goal, not the content of opposition.
wish more had learned from Trumps examples of how to Alinsky these communists and progressive RINO’s in return
they weren’t “mean tweets” , they were conversation and conscious raising statements.
Yes, using language that sticks and makes people talk. Or in progressive terms: mean tweets.
“Raising the conversation” is akin to the sales method of the getting your toe in the door goal with a prospect. The initial conversation then leads to a conference call with the IT Director for a more in depth conversation/discussion, which then leads to a 2 hr demo with the IT Director and CIO which leads to an approval to move forward with a 2 week try/buy and finally the completed sale. When all is said and done it’s taken 2.5 months to complete the sale aka the Long Term Sales Solution Strategy…Hence Marxists always play the long game and “Raising the Conversation” simply to get the process rolling is always the 1st step to get to the next step of moving the agenda forward. Same process.
So many are the product of our failed education system. The economists tried this and failed horribly in the 1970’s. I’m thinking we are slipping headlong into the 1930’s. Now that was a fun time period. Patriot’s prepare! Free FL
Transform America, not if I can help it. FUBHO
I’ve tried to prepare those I love for the coming storm.
Its only just begun guys…
Let’s see…………
The Feds took over Monoclonal Antibody injections and most states can’t get any. Before they got involved no problem.
I’d be surprised if a leftist can find their arsehole to wipe.
They can’t find their holes because they don’t have free TP from Uncle Sam…yet.
No, but they are eager to tell YOU how you must wipe yours; only 1-2 squares, and only one movement/day.
Cause,…well just because!
Well, if they are in charge of arseholes, arseholes will now be in short supply, even though we all have them.
That outcome was by design. See comment above about trucking industry take-over…
You can bet that 59% Democrat support for concentration camps will have no problem with government directed economies.
Remember when the LGBTQ only wanted “acceptance”? Now its mandatory with punishment for those who disagree. All leftist policies wind up as diktat. Command economies with government in charge will be no different.
do you still believe polls are factual?
I have no doubt, as prices skyrocket, and supplies dwindle, there WILL be calls from “the Public” to have “the Gummint” intervene with “wage price controls”, and once they make things WORSE, ….RATIONING.
Stalinism 101 – The Brandon Party Platform , they just call it “build back better”
Gosh, it’s almost like someone on Team Obama wrote an email or sent a PowerPoint to CNN on what to say.
this group is setting the stage for a genocide via mass starvation.
One historical example being the Holodomor.
More people who obviously missed history classes need to bone up on this genocidal atrocity.
Half of modern day Ukraine speaks Russian, the others hate them, and its all mixed up. Nobody talks about the Holomador and the current issues.
I imagine Yoda saying something like “price controls lead to hording. hording leads to scarcity. scarcity leads to rationing and a criminal black market.”
I was a mere child when President Nixon instituted price and wage controls back in 1971. It did not end well. You can read about it in the link below.
LINK
Leftists just love to micro manage society… they do it just for fun and power trip.
I was 12 in a town of 1,000 people in a971. Great place t0 grow up. We had 2 groceries stores. We knew all the prices. They went up despite the mandate. It was a total sham.
The coming food inflation must be horrific if corporate media is raising the spectre of government price controls.
What if it’s not limiting the cost of items they have in mind, but rather putting limits on how much one may buy?
We already saw that in early 2020, going into 2021 – “Limit 2” of whatever it was. I ended up going to three different stores just to get 6 of whatever it was I wanted to stock up on.
Reminders: pay with cash if you can. Leave your (tracking) cell phone at home.
That’s called rationing, but these days word definitions are transient with the Left.
Let’s think like Sundance for a moment… which organization in the 4th branch of the govt (Intelligence) uses CNN to float trial balloons? If it’s known to be horrific, it’s by design. The real question is how will they try to implement it.
It’s as if the Soros Obama et al are trying to destroy America so that they can enrich themselves. Ie drive down property prices and then buy them up, short the currency etc
They are killing the goose that lays the golden eggs. Its out of hatred.
Grow whatever you can and learn to can to make storage food.
The history of the last 120 years proves that that is a terrible idea unless you are a fool or this is just a cynical power grab by a tyrant.
Such a notion should be slapped down by SCOTUS, but I have my doubts. Even if they did the damaged caused by the year or so before tge decision is published would be terrible
the SCOTUS is just one more wing of an illegitimate and failed regime. Their rulings, good or bad, are irrelevant now.
With a regime that makes public statements saying to disregard the SCOTUS rulings.
They’re trying to tell us the courts are irrelevant now. I think we should listen.
I think of it as “Sydney Powell syndrome”; Love Sidney, but she clung, far too long for hervown good, to the NOTION of a righteous U.S. Court system.
After the Flynn case played out, I red-pilled on that notion, and now see anyone commenting about US getting Justice, or the miscreants getting their deserved cummupence, as in denial,..suffering from “Sidney Powell syndrome” and in need of red-pilling.
The Courts WILL NOT save us, they will only tease us at most, before affirming our march to tyranny. Thats not pessimism, its reality.
Pessimist says ;”It can’t POSSIBLY get any worse!”
But Optimist, BEING optimistic says;
“Oh, YES it can!”
Of course they will try it. Democrats can break all sorts of laws without punishment. However, the laws of economics (and physics) will both extract a punitive sentence that no fast talking lawyer can prevent.
At this moment in time, we are right on the cusp of some of the darkest days in the USA.
.
BUT FEAR NOT, liberty and freedom will win through our faith in ALMIGHTY G_d.
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As for me an my house, we are no more afraid of this challenge than we were of a virus.
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Churches that lock down in FEAR of any kind, do not belong to the eternal Lord of Hosts.
Government intervention is the cause of the problem.
My friends laughed at me when I left….I’m feeling sorry for them now.
Espero que Estados Unidos sobreviva al golpe de los demócratas comunistas. Si no Valenzuela viene pronto.
Gabo ink zaba indo la ka.
Poor Old Yell-er. He’s so senile that he doesn’t realize that by implementing Obama’s communist agenda he’ll be remembered as incompetent and Obama will get none of the blame.
He can’t remember even that he’s POTUS much of the time. What makes you think he cares or can consider what others will think of him later? I’ve been around dementia; it’s past that point for “Handsy.”
It shocks me how few people seem to to “get” what you just said. Zero gets his damage done by a figurehead – a hated old white guy – while distanceing himself from any responsibility. Freaking snake.
Don’t contribute to CNN’s survival by linking to them. They’re @#$%ing insane, and we should treat them like the dog crap I have to scrape off my shoe occasionally after mowing the lawn in summer.
hokkoda. Agreed. I would not give them any mentions, coverage or links. CNN is just agitprop.
I KNOW some will NOT agree with the following BUT it is getting time to start thinking about it:
The ONLY THING THAT WILL STOP THIS: 28 MILLION ARMED AMERICANS!!!
BUT…I would MUCH PREFER A MORE PEACEFUL SOLUTION: THE US SUPREME COURT TO STEP INTO THE GAP AND DO THEIR JOB!!!!
lulz that the SCOTUS is still legitimate or useful.
Only reason SCOTUS didn’t approve the OSHA vax mandate was that it would trigger all 28 million you refer to. They want to assimilate us one group at a time, as all (successful) tyrants have done.
SCOTUS will not address this, that ship sailed a long time ago.
ARMED responce will only play into the enemies hands, and be used to justify their “Final solution” which they are ITCHING to do.
Only UNITY can save us, as more people red-pill every day. WE aren’t “there” yet.
With UNITY, to stand as one against tyranny, no govt can govern, without the consent of the governed.
WE ,…ain’t there,…yet.
IMHO, …
The states created the federal government. The states existed BEFORE the federal government was formed and officially ratified. Therefore, the CREATOR is more powerful than the CREATED. That is what the Founders understood, intended, and wrote into the Constitution (to say nothing of the reems of papers they left behind stating the STATES are more powerful by design and issuing warning of what would happen if this were reversed). AND BY DESIGN, the Founders made the strongest powers of We The People reside in their state governments.
And yet, what do we pay the most attention to? The government level we have the least control and power over (federal). If I had a choice, I’d rather constitutional MAGA candidates run for state level office than federal, as the only way we put the feds back in their rightful position (without bloodshed) is to elevate the states to reclaiming their superior position.
The people’s greatest power rests at the state level–but ONLY IF you have a state government that invokes its Constitutional powers to tell the Feds that they (the Feds) have no Constitutional jurisdiction, and therefore no power, within states’ borders unless EXPLICITLY enumerated in the Constitution.
And folks, the fed’s power is extremely limited and defined. The states, however, have sold their power and their citizens down the river in exchange for federal $$ (for the state and individuals’ political coffers) for darn near everything ($$$ for education, healthcare, roads, environment, etc.) The federal gov’t was never intended to have any say (or funding control) in these matters, and for the first 100 years or so of our republic, that was the way it was.
We don’t need a Constitutional convention; we don’t need another civil war. We need to reassert the powers of the individual states over the federal government. It’s the blueprint. However, if the states and their citizens punt on this–if MAGA doesn’t take over the states soon–then I don’t see how this current charlie foxtrot can be undone.
The Founders left us the blueprint; we must get back to it. Sorry for the rant, as I know I’ve said this all before….
I agree with everything you’ve said with the exception of not needing a constitutional convention. For the states to truly control the federales, we must repeal the 17th amendment and give control of the senate back to the states.
Such a convention can’t be limited to one subject.
Good idea, but I have serious doubt that we Deplorables have STANDING in ANY United States Court!
When they cite “no standing” it out to be law that they say who does have standing.
out should ought. My fingers weren’t moving as fast as I guess my brain was, lol.
After years of trying to get inflation UP, now the Fed is trying to get inflation down.
Perhaps they should try getting it up, since every time they tried it before we had deflation.
The Fed was too busy protecting Wall Street. A previous chairman is now the Treasury Secretary.
Oh, and the Keynesians never get it right. And by “right”, I mean it’s a theory that fails in practice every time.
The masks in the picture make me want to throw up that people are still this afraid and blind..
You might be turning into a third world country if…………………
Union Pacific is threatening to halt all rail shipments in California if this isn’t stopped.
All the illegal aliens there who came here “for a better life” to escape their wretched countries will soon be begging to go back.
BNSF might strike. That would be a huge blow to the economy.
That would be funny actually
They’ll be recruited and paid pennies to be the ones that rob the containers, and take the fall for the feral blacks.
sDee: Hey! That’s my package!
And now that train has derailed because of the leftist policies of ignoring months and months of crime.
https://www.nbclosangeles.com/news/local/train-derailment-los-angeles-package-theft-cargo-lincoln-heights-union-pacific/2798219/
The UN is funding the invasion of our country.
With assistance and guidance from the WEF.
Well, it did work for the mobsters.
Color Revolution. Can we all agree that CNN is the Media arm of the CIA. Anderson Cooper is CIA.
But I thought JoBama said that inflation was transitory, and that it’s not a problem.
I’d like to spit some Beechnut in that guy’s eyes….
Nixon instituted wage and price controls galore. It completely flopped. Gerald Ford’s “WIN” button was his answer to runaway inflation: “Whip Inflation Now”. Nothing worked until Volker got in and did what had to be done.
In the Democrats Democracy if the 25% who agree are Democrats then they have the majority the rest is a conspiracy theory.
According to socialists, the only solution for socialism is–wait for it–more socialism!
Fixed prices guarantees FOOD SHORTAGES, FUEL, ETC. Followed by civil war.
This is not happening by chance, it was planned by the Obammy Squad. The shutting down of energy sources, trillions of free money, military distractions, J6 sham, and the biggie The Plague bringing the lemmings under control. There is a fight coming very soon.
And once there ARE such controls, and as shortages are exacerbated by Gov policy, rationing is next.
And, with rationing comes HORDING being outlawed AND villified.
Cause “equity”.
Be very circumspect about any stockpiling you do, and recognise, IF you start a “victory garden”, and IF “THEY” are not stopped, confiscation of YOUR produce will come.
Cause “equity”. By substituting “Equity” (equal outcomes) for “Equality” (equal opportunity) they can justify equal misery and deprivation, for all but the elites, of coarse.
We have all seen this before, and we KNOW how it ends.
Maintaining the patience and composure, while riding on a train, knowing full well the bridge is out, but that you can’t DO ANYTHING to stop the train, until the rest of the passengers “WAKE UP!” is truly trying!
First Rule of Stock Club:
There Is No Stock Club
CNN called Father Time asking if it can borrow 1971 for a while.
Historically ignorant morons… but, hey, look who they allegedly elected.
Because the government has done such a jam up job of creating this mess, we should look to them for the solution? How stupid do you have to be for that to be your solution? Too stupid to be stupid.
It has been proven over and over price controls never work. However, no one ever learns from the fact. They have to experience the repeated failure for themselves.
Fangdog: Correction: We have to experience the repeated failures for them.
Oh this time will be different! The people in charge got into college through affirmative action and they learned from their college professor who never ran a business in his life how to run the economy.
They got this! They are loaded on theories and ready to put them into practice to see what happens when they apply communism.
Same ol’ communism but super woke people this time.
This works so well in the dairy industry that most of the dairy farmers around here closed down.
Sorry, I read this differently. I see the globalists shutting down the left’s talking points not supporting them, look at the economists answering a resounding no and this is from CNN. AOC and the Obiden gang are having the rug pulled from under them and they are noticing.
CNN is advancing The Narrative.
All the rest is filler.
I wonder if the idiot Paul Krapman approves.
Sure, they can set prices….but how much of an item can you buy when there is none of it on the shelf.
They could set steak prices at $0.01 per pound. How much would be on the shelves?
Can we just sweep the bad news under the rug?
Government Price Controls Example
Gallon of Milk
Quadruple Jabbed – $10.00
Triple Jabbed – $12.50
Double Jabbed – $15.00
Single Jabbed – $17.50
Unjabbed -$25.00
The Dems CREATED this crisis, and will now try to use it to justify a TOTAL TAKEOVER of the US ECONOMY.
FJB
The decayed, rotted Obama regime is intentionally gutting the U.S. But everybody knows now – their foot soldiers are the media. 2022/24 will be their end. They pushed too far, too fast. The GOP does not have to do anything but point and say, “I’m not them”, and exit the stage. They’ve made our argument for us. The longer they’re in power, the more they make our argument for us.