27 May 2013

Prostitutes in UK are experiencing deflation while the dominatrix experiences inflation

Stacy Herbert: Inflation, deflation or both?
Is demand picking up? We were told that trillions of dollars worth of Quantitative Easing from banks all over the world would get the economy speeding up. But so far we are not seeing it. Economies are at best hovering around ‘flat lining;’ not growth or contracting. And when you consider what the GDP numbers in UK, USA, Japan, and the Euro zone would be if you took the money pumping away you arrive at negative growth. in other words, the trillions of free cash loaned into the fractional reserve financial hologram (the post-industrial, financialized hologram we all live in) has been a waste of time and money. This is particularly annoying when you consider that had this money simply been used to cancel consumer debts instead of propping up zombie banks; the global economy would be enjoying robust growth right now. Such is the problem when bankers get their lobbyists elected to public office; a problem compounded by bankers being asked to write the laws supposedly governing them.
What can be done?

What prescription will work? Macro-economists like to see the world as experiencing either inflation or deflation. Does this provide a clue? No, because we live in a strange period of both inflation and deflation.
Deflationary as the zombie banks are slowly collapsing, propped up by free cash from the central banks: causing deflation. But at the same time, in the post-gold standard world we live in (the result of Nixon severing the last link of a major global currency – the US dollar to gold – back in 1971) purchasing power for all fiat currencies is diving. For the average consumer, prices for basic goods and services is rising; not because of increasing demand, wages, jobs and commodity prices but because the value of the fiat money in their pocket is falling against every other fiat currency as every major economy in the world tries to ‘begger thy neighbor’ with self-debasing money printing.
To see this in action; how we are experiencing both inflation and deflation, look at what’s happening in the professional sex market.
Prostitutes are experiencing deflation. The price for their services in Europe, the US and the UK is dropping as the market has become flooded with new entrants. The prostitute population in Greece for example has increased sharply recently (as the economy collapses) and prices therefore have fallen. But in the City of London the prices paid for ‘dominatrix’ have held up, and in some cases are rising. It’s easy to see why. The average City banker, the elite member of the kleptocracy that is gaming the system for prince-sized payouts, has no problem finding sex. Just walking into a swanky bar will generate many unsolicited offers from attractive women looking to partner with wealthy businessmen. So these guys don’t have to pay for sex and therefore don’t generate any buying pressure on professional prostitutes (inflation). But they do have to pay for dominatrices.
The dominatrix workers I’ve interviewed for this piece, tell me that in London most of their clientel these days are wealthy City stockbrokers and bankers looking to get beat up by women as a way to ‘normalize’ their day-to-day lives after being fawned over all day by corrupt politicians and City money launderers at the big four TBTF UK banks. They get tired of hearing ‘yes’ all day and want to get roughed up a bit.
Getting spanked and punched makes them ‘feel human’ again and they are willing to pay up for this and result is inflation in dominatrix fees during these generally deflationary times. The average hooker in the street, on the other hand, has to deal with a crashing economy thanks to the massive money printing by these same bankers: deflation. 

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