Cure for Inflation Envisioned [semi-satire]

Semi-News/Semi-Satire ^ | 20 November 2022 | John Semmens

[John Semmens]

In an interview aired on MSNBC's "Morning Joe," Treasury Secretary Janet Yellen predicted that "the current inflation will not go on indefinitely. History has shown that sooner or later it will have to come down. Whether this will be due to saner government policies or total collapse of the current monetary system remains to be seen."

Yellen observed that "1920s Germany is an example where the money collapsed. By the mid-1920s it took a shopping cart full of cash to buy a loaf of bread. Ultimately, the money became worthless and the government had to issue completely new money. The middle class was wiped out, but the government was able to survive. At the Treasury Department we are readying for this contingency by setting up a digital currency system. The holders of cash will be wiped out, but the government will survive."

"Since all money from that point on will consist of digital bank deposits the government will have total control and foolish uses of money can be blocked," the Secretary pointed out. "Protesters against our democracy won't have to be shot by police or troops because the government could simply seize all their digital money and let them starve to death. Right now, the newly elected President of Brazil is facing anti-democratic protesters and the court has authorized him to seize the bank accounts of more than 40 suspected leaders of this opposition."

"Of course, it is possible that Republicans in the House could block a transition to digital currency," Yellen acknowledged. "But the President could simply issue an executive order to get around that. In theory, the courts could try to invalidate an executive order. However, if we move fast enough the possibility of any court action could be rendered moot. The ability to wipe out the accounts of anti-democracy judges might persuade them that going along is their only realistic option."

In other inflation fighting news, Federal Board member Christopher Waller suggested that "the best way to fight inflation is for businesses to stop giving raises to their employees. Putting this extra money in their pockets will divert more resources to private use at a time when the government needs to spend every dollar it can to fund higher priorities. Families can cope with inflation by giving up dining out, wearing sweaters to keep warm, taking public transit, watching broadcast tv, and aborting unneeded additional family members."

If you missed any of the other Semi-News/Semi-Satire posts you can find them at...

https://www.gopbriefingroom.com/index.php/topic,485163.0.html

[HighSierra5]

Transitory. Right?

[oldasrocks]

So what to buy with any cash on hand? Foreign currency?

[patriot torch]

“History has shown that sooner or later it will have to come down. Whether this will be due to saner government policies or total collapse of the current monetary system remains to be seen.”

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Yup, I’m gonna go with “collapse of the current monetary system” just as it is being orchestrated. One world government, one world currency, and a one world religion. Coming soon.

Satan is an impostor.

God is a Triune God.

And they have their trinity as well.

Spoiler alert.....the Book of Revelation already tells us who the winners are.

[Secret Agent Man]

Fiat money doesn’t do well in such situations.

Banks create it out of thin air. The physical cash reserves they need to have in their vault by federal regulation? 0%. For about the past 2 years now.