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Japan stocks dive 4,451 points, more than Black Monday in 1987
(asia.nikkei.com)
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this post was submitted on 05 Aug 2024
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Ya it’s a pretty good example since WW2 was a stagflation scenario. It’s exactly the same scenario we are headed into. There’s a lot of similar polarities. Some may even argue that the next world war will break out precisely because of stagflation.
As we descend further and further into economic depression (we’ve been in a recession for years) you’ll see the gears of war begin to spool up.
One would think we'd have learned to fix this inevitability by now...or is it intentional, to "fix the stagflation"?
The economy squeezes the proles for every penny they have, inflating the money faster than wages to ensure only the rich can afford to maintain.
Once the proles have been squeezed dry, have a major conflict and help save the failing banks and restore a "golden era" for a time.
Then do it all over again by starting to squeeze the masses.
Part of the problem is getting everyone on board. Economic prosperity is a great way to justify keeping a government in charge. Major economic downturns usually cause a change of government and unrest with the government in general. Without a good economy as justification to keep a government in power, many governments turn to "defense" as a reason to stay in power.