Cereal For The Peasants? How The Elites Use “Skimpflation” To Control Our Eating Habits
Posted by freedomforall 1 year, 1 month ago to Government
Excerpt:
"People who have been reading my analysis for a long time are well aware of my expectations on the eventual outcome of the US economic debacle: A stagflationary crisis followed by a massive crash similar to the Great Depression (or worse). I based this prediction on a number of circumstances, but primarily I went back to the history of currency devaluations and central bank policy. These kinds of things have happened before and they tend to follow a pattern that is visible today.
Specifically, I studies the 1971-1981 stagflation crisis for reference and I found some startling similarities. It was one of the worst economic declines in American history next to the depression, and it’s an event that almost no one talks about. A lot of people (specifically Gen Z) believe that our current era is the worst financial era of all time and that their generation has been shafted by previous generations.
This is inaccurate; the stagflation disaster of the 1970s was far worse. That said, it shows us where our country is eventually headed and it’s not looking good. What is a manageable economic crunch today has the potential to become a calamity tomorrow.
One issue that I’m fascinated by that usually isn’t mentioned in mainstream economic discussion is quality degradation – The way in which products, services, construction, manufacturing, style and availability tend to break down when inflation suddenly spikes. This process is known as “skimpflation” and it was rampant in the 1970s and early 1980s. Most Americans today think of the 70s as a happy-go-lucky era of disco, bell bottoms and psychedelics, but in reality it was economically dismal.
Examining real life images and footage from the decade compared to the 1950s to 1960s, there was a stark shift in the quality of life. From the quality of cars, to the quality of clothes, to the quality of housing. Some US cities (like New York or Philadelphia) looked like warzones complete with rubble strewn slums. After sky-high inflation for several years causes a doubling and tripling of retail prices along with growing unemployment rates, the environment starts to feel real ugly."
"People who have been reading my analysis for a long time are well aware of my expectations on the eventual outcome of the US economic debacle: A stagflationary crisis followed by a massive crash similar to the Great Depression (or worse). I based this prediction on a number of circumstances, but primarily I went back to the history of currency devaluations and central bank policy. These kinds of things have happened before and they tend to follow a pattern that is visible today.
Specifically, I studies the 1971-1981 stagflation crisis for reference and I found some startling similarities. It was one of the worst economic declines in American history next to the depression, and it’s an event that almost no one talks about. A lot of people (specifically Gen Z) believe that our current era is the worst financial era of all time and that their generation has been shafted by previous generations.
This is inaccurate; the stagflation disaster of the 1970s was far worse. That said, it shows us where our country is eventually headed and it’s not looking good. What is a manageable economic crunch today has the potential to become a calamity tomorrow.
One issue that I’m fascinated by that usually isn’t mentioned in mainstream economic discussion is quality degradation – The way in which products, services, construction, manufacturing, style and availability tend to break down when inflation suddenly spikes. This process is known as “skimpflation” and it was rampant in the 1970s and early 1980s. Most Americans today think of the 70s as a happy-go-lucky era of disco, bell bottoms and psychedelics, but in reality it was economically dismal.
Examining real life images and footage from the decade compared to the 1950s to 1960s, there was a stark shift in the quality of life. From the quality of cars, to the quality of clothes, to the quality of housing. Some US cities (like New York or Philadelphia) looked like warzones complete with rubble strewn slums. After sky-high inflation for several years causes a doubling and tripling of retail prices along with growing unemployment rates, the environment starts to feel real ugly."
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Prices rose a LOT on a continual basis from one day to the next. Gasoline was in short supply as were a lot of things due to price controls established by the government. Cars were quite bad during those years due to regulations and attempts to cut costs. Wages were kept low.
Japanese cars started making their inroads when they focused on quality. Growing up in Detroit it was a SIN to buy a Toyota. Yet my brother and best friend did. They said the MOST American thing you can do, is buy the best you can for the least amount of money.
My buddy showed me the "stats" on issues with US vs Toyota vehicles. His father worked at GM. He changed his mind when the Fiero was catching fire, and GM decided to use it as an EMPLOYEE vehicle throughout the company. LOL.
He had detailed records of all of his warranty work on his old GM cars, and compared them to the Toyota.
I currently drive an Acura. I think it's made better than most American made models. It's 10yrs old, and I believe it will last 20 more. I had my last car for 20 years (Pontiac Aztek, ugliest car ever, not a lot of problems, bought used after driving a friends and really liking the drive)
just as now with the fake biden oil embargo
it is just that today gen-z has their social media to share their "stories" with each other, thinking they are solving problems that way