- The U.S. is repeating Soviet mistakes
"It took some time for the official numbers to catch up with reality. The regime’s official numbers had long understated even the moderate levels of price inflation in earlier periods, but after the mid-80s, the gap between official inflation and estimated real inflation grew considerably.
Efremov summarizes the divergence, noting that in 1988 official inflation was 0.6 percent but 6 percent in the real marketplace. By 1989, official inflation was 2 percent, but it was really 8 percent. In 1990, it was 5.3 percent, but really 20 percent. And then the wheels started to really come off in 1991, with 96.3 “official” inflation that was really 200 percent.
The Soviet Union collapsed shortly thereafter, and the new regime did not issue falsified inflation numbers anymore. Instead, the real inflation rate in 1992 was estimated to be more than 2,300 percent. Hyperinflation continued for three more years until the old Soviet ruble finally ceased to exist."
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"It took some time for the official numbers to catch up with reality. The regime’s official numbers had long understated even the moderate levels of price inflation in earlier periods, but after the mid-80s, the gap between official inflation and estimated real inflation grew considerably.
Efremov summarizes the divergence, noting that in 1988 official inflation was 0.6 percent but 6 percent in the real marketplace. By 1989, official inflation was 2 percent, but it was really 8 percent. In 1990, it was 5.3 percent, but really 20 percent. And then the wheels started to really come off in 1991, with 96.3 “official” inflation that was really 200 percent.
The Soviet Union collapsed shortly thereafter, and the new regime did not issue falsified inflation numbers anymore. Instead, the real inflation rate in 1992 was estimated to be more than 2,300 percent. Hyperinflation continued for three more years until the old Soviet ruble finally ceased to exist."
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Refugees can claim benefits immediately and do not need to speak English.
Taxpayers fund this.
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Taxpayers fund this.
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How come when a house is haunted it's always a ghost from the 1700s?
Imagine a ghost from 2007 screaming "IT'S BRITNEY BITCH" at 3 AM
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Imagine a ghost from 2007 screaming "IT'S BRITNEY BITCH" at 3 AM
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If Putin wanted to destroy Europe, he would NOT kill Ursula von der Leyen
If Putin really wanted to destroy Europe, he would ensure that she is safe and sounds.
He would make sure she wins the elections and is in charge of Europe
Keeping Ursula is the destruction of Europe
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If Putin really wanted to destroy Europe, he would ensure that she is safe and sounds.
He would make sure she wins the elections and is in charge of Europe
Keeping Ursula is the destruction of Europe
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Federal Judge Sparkle Sooknanan blocked a plan by the Trump administration to deport almost 700 illegal Guatemalan children back to their home country
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BREAKING - JB Pritzker is incredibly worried that if troops or ICE are deployed to polling stations for the midterms, certain people may be afraid to vote
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Illegal migrant fries eggs on the Tomb of the Unknown Soldier, using the Eternal Flame
Your world has no meaning to them
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Your world has no meaning to them
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China’s housing slump is deepening:
New home sales from the 100 largest developers in China fell -17.6% YoY in August, to 207 billion Yuan, one of the lowest readings on record.
This marks the 6th straight monthly decline, after a -24% YoY drop in July.
China’s housing downturn has dragged on for more than 4 years now.
And, even as China began pandemic-like stimulus 12 months ago, the housing market just keeps on falling.
Meanwhile, demand for new homes in Chinese cities is estimated to remain 75% below its 2017 peak.
China’s 2008 moment is happening as we speak.
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New home sales from the 100 largest developers in China fell -17.6% YoY in August, to 207 billion Yuan, one of the lowest readings on record.
This marks the 6th straight monthly decline, after a -24% YoY drop in July.
China’s housing downturn has dragged on for more than 4 years now.
And, even as China began pandemic-like stimulus 12 months ago, the housing market just keeps on falling.
Meanwhile, demand for new homes in Chinese cities is estimated to remain 75% below its 2017 peak.
China’s 2008 moment is happening as we speak.
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