Today, the United States and even the rest of the world are stuck in a day of predetermined conditions. Many of which have been self-inflicted. The victims of this pandemic contributed to the largest increase in inflation that had not been seen in more than 35 years. When we talk about inflation, what is actually happening is not just supply and demand, but sheer greed.
Since 1933, when FDR eliminated the gold standard, resulting in the US dollar becoming fiat currency, we have seen the value of the dollar all but disappear. What consumers could buy for a dollar years ago now costs much more. Simply put, a cup of coffee today costs almost $4.00 where years ago for $.25 one could get that cup of coffee.
What we are seeing in the United States is a series of contingencies that are all intertwined. The pandemic has caused governments to react in ways that have produced many negative results. For years, the American worker has been looking for headlines to raise his wages. Finally, through enough pressure on legislators, wage increases are finally happening. But, like everything the government has done and is doing, it has not implemented protective measures to help curb what is happening now, rising inflation.
Current inflationary trends are an indirect result of those wage increases linked to supply chain disruption. Contrary to what many think, salary increases have always been accompanied by locker room increases. Supply chain disruption is directly related to how governments have mishandled policies reacting to the Covid-19 health crisis. Essentially resulting in major reductions in goods and services.
There are more victims of this pandemic than just being infected. Although wage increases are increasing, many have realized that even without today’s inflationary trends, they still cannot earn enough to be financially stable. As a result, we are experiencing a major change in our economy.
If we had government officials who actually worked for the American public to ensure economic stability, it would mean adhering to William’s Theory of Economic Evolution, which states that “when more people have enough disposable income to spend, save, pay off debt, and invest it is the biggest impediment. to economic instability” What this means is that this passage of the Infrastructure bill is not the great panacea for the economy. It comes too little, too late and does not really address ways to create an environment for health, stability and the future of this nation.
What is needed is a direct infusion of cash inserted directly into the bank accounts of American taxpayers and Social Security recipients of no less than $2,000 to immediately avert another financial epidemic. What many do not realize is that seed capital in the hands of many with policies that actually stimulate the production of goods and services increases economic growth.
To celebrate economic growth that addresses more than this Infrastructure Bill, there has to be a real plan of direction that encompasses all facets of American life. That is what the Ten Articles of Confederation of the National Economic Reform imply. There can be no real economic and financial stability without achieving what is outlined in the Ten Articles of National Economic Reforms.
Point 1: Universal health care
Article 2: Budget Deficit and National Debt Reduction
Article 3: Educational Reform
Section 4: Restoration of Social Security
Article 5: Trade Deficit Compensation
Section 6: Science and Technology Guidelines
Section 7: Immigration Reform and National Security
Section 8: Department of Economic Development
Article 9: Reform of the US Treasury
Section 10: Department of Defense Reform
Until these items are implemented, the wheels of government will continue to turn.