Personal Income Soars Over 21% on Third Round of Free Money

Mish, one thing that never gets talked about anywhere is that all this free money must be increasing the wealth gap/disparity.

Even though the money may be dumped to the lower income people they have almost no means to keep it (ie invest in productive assets) unless they buy stocks/crypto/real estate with it because even saving it loses 3% to inflation.

So what happens is that they spend it on whatever goods/services they want and the money ultimately flows to those with ownership (rich/super rich) of those productive assets (companies/land lords). The value of those goods/services they buy declines immediately (either used up when service is finished or depreciates if you buy goods like a car/clothes/furniture or whatever) and reaches zero quite soon. So the owners of the assets end up with all the money so they get richer and thus the wealth gap/disparity gets larger than ever.

If you want an analogy, think of the population as a glass of water (poor at top, rich at bottom) and imagine adding a spoonful of sugar (money) to the water and stirring. The first one mixes fairly nicely though some sugar (money) will sink to the bottom (rich). That’s what the economy was like with sound money (gold). But now with the fed printing since going off the gold standard we are adding more and more sugar and this stimulus is just 1 giant spoonful. Once the water is saturated all the extra sugar added just sinks directly to the bottom after a brief interlude. That’s what happening with the stimmy money.

And the reason for the spike in personal income…is another spike…

…Results from a new cell study suggest that the SARS-CoV-2 spike protein can bring about long-term gene expression changes. The findings could help explain why some COVID-19 patients — referred to as COVID long-haulers — experience symptoms such as shortness of breath and dizziness long after clearing the infection.

SARS-CoV-2, the virus that causes COVID-19, is covered in tiny spike proteins. During infection, the spike proteins bind with receptors on cells in our body, starting a process that allows the virus to release its genetic material into the inside of the healthy cell.

“We found that exposure to the SARS-CoV-2 spike protein alone was enough to change baseline gene expression in airway cells,” said Nicholas Evans, a master’s student in the laboratory of Sharilyn Almodovar, PhD, at the Texas Tech University Health Sciences Center. “This suggests that symptoms seen in patients may initially result from the spike protein interacting with the cells directly.”

Evans will present the research at the American Society for Biochemistry and Molecular Biology annual meeting during the virtual Experimental Biology (EB) 2021 meeting, to be held April 27-30….