There is nothing to see hereThe prices of house construction materials in particular is tearing up the fabric of the universe, while the USA are taking in more migrants than ever, not sure how they plan to house them. Tents? Cages? Camps? The forest? In people's backyards?
The prices of materials used for building cars & electronics is also going up, will it go back down? If these prices stay up then the end product prices will go up, some already have.
And also the price of grains has gone up, which will end up having an effect on burgers (wheat => bread, soybeans => meat) and this, mainstreet will notice very rapidly (we all need to eat everyday), prob they demand more social programs, more stimulus checks...
And so you get this cycle of euphoria where the public celebrates their "free" money.
I don't get it. In real time strategy games the economy is real stuff down to earth: Gold, Wood, Oil, Iron, Food, Stone.
You get all these ressources and that is your economy. It makes sense, it is not hard to understand.
What matters in your economy is the real ressources that are needed for living and building, as well as selling them if you produce enough.
And then you also have gold which purpose is to faciliate exchanges inside your nation, to trade with other nations, as well as hire soldiers which can then use it to buy the ressources they need (wood & stone to build a house). It's a tool.
If we run out of wood, stone, or food IN A VIDEO GAME no one will argue that there is more hidden in a parallel universe that "the rich" can access via a magical portal.
But in this declining civilization there is no "real stuff" in the real world, the public and decorated economists (it's like a reward for being stupid) think the economy is some abstract number and we can always increase the number with magical fiat.
Chavez supporters were euphoric back then. Let me tell you they're not laughing now.
Some numbers if this interests you:
www.census.gov
In particular: Exhibit 6- U.S. Trade in Goods by Principal End-Use Category
Will the US follow New Zealand recent policies to try and magically fix the housing crisis?
If you make it less lucrative to build a house, then plenty of houses will pop out of the ground and everyone will have a home, right?
Don't get me wrong, landlords are technically parasites. Especially those that just got lucky and bought, or worse inherited, some property decades ago.
But if you punish people for building houses... I don't know... Maybe that's not the right way to handle the issue? Just maybe?
Actually the largest China import is Oil (1/4) from the Middle East & Russia, electronics from Japan SKR & Taïwan, also Germany is quite big, probably cars or something. Does not mean Africa is not the final sucker holding the bag as other countries spend those usd.
oec.world
Angola exports over 3 times what they import. Baggy.
Lmao the Current Account Balances values. China is number 3 with 165 billion. Guess who are number 2 and 1?
Japan nb 2 with 195 billion, over capitalized country, they just buy Bitcoins and start building casinos now even.
And then you can easilly guess who is number 1. An industrial power. A machine. They make the best cars. 297.
Meanwhile the US are in the whole, they are number all right, number 1 from the bottom that is, their account is at -466 billion.
They are the brokest of broke, their production is down and about to get worse, prices go up, imports will slow (what fool will send them free stuff?), they are already in the whole and the depression/hyperinflation crisis has not even started, usually this situation is what is seen at the bottom. It's going to go from bad to worse.
Mathematically it is worse than Greece, Greece also has a bit of a border crisis with Turkey and the refugees that want to go to Germany but that too is worse for the US.
Michael Burry warned, and know what happened? The SEC paid him a visit and blamed him for "spreading panic". They are pressuring him into silence. Can you spell DENIAL?
I'm giving this circus less than 10 years until "this was not real socialism".
