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Sask | I would agree farmer54, it is labelled "conspiracy talk" therefore most don't even consider the reality. Instead they beleive what the teevee says.
When the "experts" of monetary policy say they see no inflation and so continue into year 6 of ultra low interest rates which massively expands debt and the average consumer see houses and land have doubled, cost of basic goods such as food, energy, transportation, rents etc have risen 50% or more - then what does the consumer actually think? You are told that massive expansion of debt did not create more dollars chasing the same goods so there is no inflation and their policy has no effect on cost of goods.
The consumer either must think the experts are correct and all those items have not risen in price, or
The experts are lying when they say there is no inflation yet the consumer can see daily that prices have risen greatly.
So either the consumer is to not beleive what he sees daily, or the "experts" are the dumbest people on the planet for not seeing what the average consumer is living.
I know what I have experienced, and it is massive inflation caused by dirt cheap interest rates. Which means the "experts" are indeed the dumbest people on the planet. But I find that impossible to beleive. I think no one can be that dumb, NO ONE. So we have two choices, believe the "experts" really are that dumb, or consider forbidden "conspiracy talk".
That is step one. Either you beleive your own real life experience, or believe what you are told.
And that gets us to "late stage capitalism". It is not capitalism that sets the cost of debt lower the rise in asset prices caused by that cheap debt. That is not how capitalism works. So we can't be in "late stage capitalism" when capitalism is not the main element driving the economy. We have a centrally planned economy, and it is the result of the central planners that have created the economy we are now living in.
So when people in this thread and forum talk of the economics of farming or buying a machine, or simply living, understand that you are fundamentally discussing the machinations of a centrally planned economy and not a capitalist economy.
Because capitalism first and foremost starts with free market setting the cost and thus return of capital.
We can make a long list of things the "experts" have said that is not true, and each time a guy will have to decide if the experts simply were too stupid to not understand what they were wrong about. Because to think they can't be dumb enough to understand their own actions would mean you have to think about what the reality is.
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Farm economics from below
