Bank bailouts, dollar bailouts, bailouts for Greece, lockdown debts: innumerable trillions of debts are piled up. Right now inflation is low. But in the end, the devaluation of the money threatens.
There is concern about a coming large inflation. The Economist even has it on its cover. Will the “Great Reset” be followed by “Great Inflation”?
The same medicine has almost always been used to respond to the crises of recent years: debt. The banking crisis was cushioned by massive borrowing, at the expense of taxpayers in the US and Europe. Likewise, the euro crisis, the rescue of Greece, the rescue of endangered companies, mass migration and now – in almost unimaginable sums – the new debt due to the corona lockdown consequences.
What the representatives of the World Economic Forum and the global elite like to keep quiet about is the connection between global debt and the “Great Reset”, the propagated New World Order. Reasons such as environmental protection, climate protection and social justice are put forward.
But the whole scenario seems to follow a plan that is intended as a reaction to the large indebtedness and the pressure of cheap money: low interest rates, zero interest rates, negative interest rates, cash abolition, financial control, surveillance of citizens, erosion of national sovereignties, promotion of digital currencies, stronger networking of the banking system and at the end of the “Great Reset”, the restart.
In the short term, there does not seem to be any significant inflation, it is at its lowest level since 2015. But it’s like a tsunami: first the water retreats and then the big wave comes. In view of the gigantic amounts of debt, economists see the risk of high inflation in the long term.
Different scenarios are presented in the Economist. On the one hand, inflation is currently low. Current monetary policy is acting accordingly. But more and more economic experts warn that this could turn around in the foreseeable future. Then the banks and the citizens would feel the consequences of the current financial policy.
An initial surge in inflation could occur as early as next year, says the Economist. In 2020, measures to increase the money supply have skyrocketed because banks have freely granted loans. Because of the Corona lockdowns in numerous countries, people could not spend a lot of money, their bank balances have increased. Once the economies are released from lockdowns, there will be a global backlog that will send prices skyrocketing.