this post was submitted on 12 Feb 2025
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"Inflation" is being driven by broad spectrum price gouging across the narrow "competition" that exists now within each necessary component of American life. Essentially a bunch of cartels and legalized monopolies are ratcheting up their margins to ensure that their shareholders see continual profit gains, quarter on quarter.
It has very little to do with money supply, at this point.
Why do you think we've been seeing concurrent record profits from public and private corporate sectors, while the middle class has been leaning more and more on credit? The two are directly linked; this is a wholesale extraction of wealth from the plebes to the upper wealth layer via corporate collusion and governmental willful blindness.
It's a smash and grab job before the curtain falls, because it's certainly not sustainable.