https://kunstler.com/clusterfuck-nation/chilling-bigly/While we’re on the subject, what does Google produce? Supposedly, answers to questions, plus, like Facebook, it harvests information about the people who ask the questions and then sells the info, blah blah. And whutabout Amazon? Don’t they sell a lot of products? Yeah, mostly produced by those people in other lands. What Amazon really produces is a phenomenal amount of motion — trucks going hither and thither, at increasing cost now as the price of gasoline and diesel fuel shoots up. To me, that looks like a problem for Amazon’s business model. Another problem is the growing number of people without gainful employment who have little money to buy stuff from Amazon, wherever it comes from.
That last problem has been papered-over for two years by “helicopter money” from the federal government — direct payment to the people for doing nothing, producing neither goods nor services. This has been an impressive trick. The money comes from nowhere and for nothing. The trick is based on simple accounting fraud. The second law of thermodynamics, a.k.a. entropy, suggests that eventually this process will degrade the value of the money (or “money”) issued by the fraudsters.
The hand in play for the moment is the spending legislation proposed by “Joe Biden.” It would generate a whole helluva lot more helicopter money from nowhere for nothing, and would theoretically keep the game going a little bit longer — except the process will only generate more unwanted entropy, causing decay in the value of that “money” and canceling the desired effect of spreading it around. That’s called inflation. If the value of money drops hard and fast, that is called hyperinflation. It would be politically and socially devastating, and probably lead to the downfall of the government. The net effect would be a nation bankrupt at all levels and that will segue into an epic economic depression.