More inflation? More deflation? Implosion?

If I am not on record on this now, I should make this plain.

  1. I believe that the progressive project of the generation of 1968 has been a disaster. Financially, ethically, morally, spiritually. The minions and useful idiots of that time are hanging desperately onto power, by any means necessary.
  2. There will be a change. It will not be a doubling down on the progressive movement, regardless of what the press is saying. I have kids. The ones in NZ are cynical, angry, and not fans of The current government. The older kids and grandkids are in Canada, and have to say what they are told to survive.

  3. There will, as a consequence of the current modern monetary theories, be a series of defaults of Western Governments. We cannot afford our welfare states with in this depression. This will mean that there will no pensions, the mandatory savings accounts we have will be raided by the government, or the value inflated away. Again, I have elders we care for: I can see that the 10% increase in rates has them moving to canned food. Cat food will be next.

If we are fortunate, we will see the welfare state implode and then society reconfigure around families. Withouot a family, your lfie will will be at risk.

This means that we are fixing the current house for the long term, saving, and trying to help the kids as much by modeling a quiet, non flashy life. No Winnebagos, No horrible Harlesy, No new cars. We are currently in an inflationary spiral, and the question is how it will end — in the impoverishment of the remaining middle class, in the implosion of our welfare system (which was built in the 1880s in NZ) or in race war.

The government is printing money and hoping. Historically that has not gone well.

There are things quietly getting into the mainstream media that indicate people are expecting inflation and acting accordingly.

More than a third of Kiwi professionals are planning to leave their jobs in the next year, a new survey has found – with pay their number one reason.
Recruitment agency Hays surveyed thousands of Kiwi and Australian employers and employees in fields like, banking, insurance, healthcare, property and engineering, and found fewer than half are satisfied with their current job and half don’t think they’re paid enough.
And employers look unlikely to do enough to keep them either, expecting to offer pay rises well below what employees think they’re worth.
“Many professionals feel that their career stagnated over the past year,” said Hays managing director Adam Shapley, because of the COVID-19 pandemic. “They put their career plans on hold to help their organisation through the crisis and recover. Now, they are focused on their career again and are prioritising advancement.”
The shocking pay rise Kiwis need for current house prices to be ‘affordable’
Of 500 Kiwi professionals surveyed, 39 percent said they’ll be looking around for a new job in the next 12 months. About half said they were unsatisfied with their current employer, what they are paid and what promotional opportunities were on offer.
Two-in-five said their work wasn’t providing new challenges, and a similar number cited poor management and workplace culture.
“For employers, this movement of people will add to their staff retention challenges, which are already heightened in response to a gap in salary increase expectations between organisations and their employees,” said Shapley.
While three-quarters employers said they plan to give pay rises over the next year, more than half said they would be 3 percent or under – but nearly three-quarters of employees say they want more.

This is akin to the 1970s, when inflation went up by 10 -15% a year, and wages stayed a few percentage points behind that. NZ almost went bankrupt: when the convetional Keynsian socialist policies (now run by Labour, then by National) reached an end game of failed central planning, there was only enough money to pay the next weeks wages for civil servants.

The next government (nominally Labour) devalued the currency, deregulated, destroyed the unions despite being the political party of the unions, and during that time mortgage interest rates hit 25%.

I was then aged much the same as by children now.

Get things you need, for cash. Get out of debt. Don’t try to manipulate or specualte: the investment game is crooked at present.

Do not donate directly. Use your church or church ministries. No one should know how much you have.

Care for your family. People will remain, when the imperial hubris of this time is over, and the government is trying to manage through the failure of their policies.