Chile is in revolt over rising transportation and food costs. Mass riots in Chile are a sign of a coming class war. At least 19 people have died and more than 2,000 others have been detained. Chaos everywhere and it seems it is spreading through South America. Countries such as Argentina and Venezuela are experiencing massive inflation. Venezuela has a current inflation rate of 57.30%.
Now inflation is creeping into Chile and the people are becoming poorer every day. Wages are not growing along with the inflation and the population is paying the price. Cost’s are surging in every area and driving the country into civil war. It seems in Chile like most other American countries that 1% of the people own 90% of the wealth. Resources are a strong part of Chile’s wealth but like other countries in the America’s owned by the rich. These 1%er’s don’t want to spread their wealth around and look at the results.
Mass Riots in Chile are a sign of coming Class War
South America is well known for revolutions and civil unrest. Countries like Brazil and Argentina have gone through many political changes over the years. The turmoil seems to be unprecedented in recent years and could be a sign that inflation is about to be unleashed across the North and South American continent’s. I don’t want to be an alarmist but the evidence is growing daily.
In the North interest rates are being slashed. More and more money is being printed and quantitative easing is back. Already real estate is starting to stabilize in the United States and Canada. Lower interest rates stimulate borrowing and real estate prices rise. Look at Silver and Gold prices, they are also on the rise. Some analysts predict prices of Gold as high as 2000 U.S. dollars by the end of 2020.
All this points to only one thing, inflation is growing and prices are rising. Let’s take a look at what’s happening in western Canada for example. Strikes are on the rise in education and transportation. What do strikes do? They drive wages higher. So what do higher wages bring? Inflation! One of the biggest driver’s of inflation is higher wages. As South America is starting to boil over in inflation and people are revolting in the street’s higher wages there are also on the rise.
Already Chile’s president Sebastián Piñera is raising the minimum wage. Unfortunately this gesture did not quell the violence as rising prices and longer working hours are out of control. Change is needed to spread wealth more evenly and subdue rising prices.
Chile a sign of coming Class War
So far in the North countries like Canada and the U.S. do not seem to be affected by inflation. In fact Mr. Powell seems to be convinced we need more inflation and seems to be on a path to achieve it. Three rate cuts in 2019 in a booming economy seems a sure path to this outcome. After all are you not supposes to lower interest rates in a bad economy. So if the economy is booming why are interest rates being lowered.
All this seems to me to be a path to letting the so call inflation Genie out of the bottle. Lowering rates in a booming economy seems to me a dangerous experiment. Especially along with more quantitative easing. What are these people thinking? Don’t they look South of the border at South America and see what is going on there.
Inflation is going to come soon and when it does it will be a tidal wave hitting the shores. Never in history has so much money been printed by governments around the world and it is only getting worse. What would a world look like with global hyper inflation. It would look like Chile right now with people rioting in the streets.
Written and edited by
Brent Arnold Walker
Editor Zoomers News