Least of all yourself Umair, it seems.
I’ve tried so many times now to explain the Grand Energy Ponzi (GEP) to you, and how it is being undone, and you seem never to have noticed.
It is you who seems not to be learning, in my opinion.
Money is changing in nature due to the GEP, as necessary to overcome the GEP.
So we shouldn’t be alarmed or surprised to see prices apparently slipping into inflation.
And we have to call it inflation, regardless of whether wages are moving with it or not, prices are absolutely inflating, as you pointed out.
You failed to mention the part played by free money.
Free money issued, props up the value of free money, at the same time it is issued, most powerfully when it is issued to consumers.
That is counter-intuitive to conventional economics, but observed in practice, amongst some other strange things which happened on the issue of the first massive stimulus, equivalent to 10K dollars per head for every living soul in the US, by Trump.
Oil prices went negative, the only time in history, so far.
“Safe haven” assets like gold, and even Bitcoin languished.
Shares in bankrupt companies soared, the first time in history.
The value of money is what is assigned to it by markets. When markets themselves are fuelled by free money, the price of a currency reflects its utility.
The money which is most useful is the money which is most frequently given out, therefore the one most used, and therefore the one that fetches the highest prices in those markets.
Yes most of the stimulus went to those needing it least, but the money that made the most difference was that spent by consumers and “Investors”, in the markets.
Warren Buffet and others ran for the hills crying foul.
The courts changed the law to allow the trading of Bankrupt company stocks to continue.
What was really happening was people Donating, in markets, rather than investing.
They were not interested in profit, why would they be, with free money, issued by a seemingly limitless benefactor?
Traditional investors like Buffet, and even Bitcoiners, poured scorn on the new class of traders; those trading with free money, many with no previous experience of trading, via apps like Robinhood.
They weren’t trading, they were donating to the things they saw mattered to them, the things they wanted to keep in our world, despite the companies supplying them being technically bankrupt, by the old system of profit.
Things like cars for hire, and cruises on ships.
They obviously didn’t value oil, and why buy gold or Bitcoins if the issuance of free money might be assured forever?
Just then, we saw all advantage, and value of capital momentarily removed.
We also saw that the only thing driving oil, and thus the devastation of our planet, is profit.
With that, and all advantage of capital, and all meaning of profit, and even all meaning of conventional debt removed;
Oil prices went negative.
Missing the real meaning of that, is missing the solution.
The solution is to turn on the free money taps, and leave them on.
By that, we pressurise a financial irrigation system which has never been pressurised, with the result that vital funds will be received by all people.
At all points in that system, pressure is the exchange price (value) of currency flowing through the system.
I could go on, and outline the entire story of how money then becomes something directly comparable with, and actually driven by the energy of the sun, but would be very surprised if you’ve even made it to here.
Suffice to say I’ve elaborated elsewhere in Medium.
If you have made it to here, then perhaps you might be motivated to research, yourself.
