by Dillon Critique from; (SUBSTACK)
January 25, 2025
https://www.blackboxpolitics.substack.com
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I am the only Individual or Substack who has been giving the following analysis since 2021 originally occurring on my older wordpress…
US Recession Since 2008
The U.S. has been in a Recession since 2007-2008 that was papered over by (1); Quantitative Easing…
…& (2); Artificially low interest rates.
2020 Hyper-Stagflationary Depression
A new term I have coined, (1)Hyper-(2)Stagflationary (3)Depression, is a combination of Hyperinflation + Stagflation + a Depression.
1); hyperinflationary environment in nominal pricing or prices which would be the obvious hyper part (ex: commodities & crypto, stocks etc. which we have been in the beginning phases of since 2020).
2); combined with slow to no growth and high unemployment, the stag part, which we have more than plenty of.
3); A Depression, which is a severe and prolonged downturn in economic activity which we've had since 2008 or longer.
-That is because since 2008 the system has been held up by artificially low interest rates and the illegal counterfeiting of currency in mass sums also known as Quantitative easing by the private Federal Reserve
The U.S. entered a Hyper-Stagflationary Depression in 2020, when the US (1); created 80% of all US currency to ever exit in one year, as measured by Money Supply.
While at the same time, the (4); real rate of inflation (blue line) according to Austrian Economist John Williams at Shadowstats.com, was around 10% in 2020…
4.
…While M2 Velocity rose from a literal U.S. historic low with a 90-degree spike up signaling Hyperinflation (speed at with which inflation occurs)…
Recap:
US in a Recession since 2008 papered over by Quantitative Easing & artificially low interest rates.
US in a Hyper-Stagflationary Depression Since 2020 by:
-(1); Creating 80% of all us currency to exist in one year.
-(2); with inflation already at elevated levels.
-(3); as M2 Velocity rose from an all time historic low.
The Dollar Measured Against Gold (Real Money)
In 1970, the average salary was about $10,000…
In 1970, Gold was about $40 an ounce…
At a salary of $10,000, you could buy around 250 oz of Gold.
In 1970, a man could support a family of four or five. A wife who didn't have to work, kids, a house and vehicle.
Today (2025), the average salary is around $60,000.
Gold is about $2770 an oz as of January 25, 2025.
At a salary of $60,000, you can only buy around 21oz of Gold.
While 250oz of Gold, is now well over $692,500 in today’s purchasing power vs the $10,000 for 250oz, in 1970.
That is over a 191% increase in nominal price or dollar devaluation against Gold while wages have remained stagnate.
That is to say, everyone is 191% poorer since 1970 alone with the manipulated fake Wall St. spot price contracts or paper derivatives that have been suppressing the precious metals prices on purpose in order to support the dollar and keep people away from real money.
We can assume that the 191% is actually much worse if we remove the digital manipulations and shenanigans in precious metals prices.
This is a great example of the difference between Price and Value.
You can see the worthless change in the fiat nominal pricing in (USD) in Gold; $10,000 for 250oz in 1970 vs $692,500 for 250oz in 2025.
Nothing changed about Golds underlying value itself from 1970 to 2025.
What changed is the purchasing power or value of the worthless fiat dollar that is priced in Gold.
It takes more and more dollars each year to buy Gold or any product because the Federal Reserve has been purposely destroying the purchasing power since 1913 by way of counterfeiting currency known as Quantitative Easing.
The dollar is collapsing when compared to real money Gold even with precious metals suppression.
You can see why Nominal Pricing of something going up, does not always equate to increased real wealth or value.
250oz of Gold stays 250oz of Gold all throughout history while $10,000 does not buy the same amount in 1970 as it did in 2025.
This concept also applies to Buttcoin and other cryptos.
Real World Evidence of Hyper-Stagflationary Depression

Credit card interest rates going up are supposed to tamp or cool down credit expansion by increasing borrowing costs.
However, the public continues going deeper into debt with higher rates…
The population is going deeper into debt even with higher rates because the population is and has been living and surviving off of credit ever increasing since the 2008 financial crisis and start of Recession, with no other choice.
Debt ‘replaces’ the former purchasing power as a means of survival.
“Inflate or die”…
Why has the population been living and surviving off of credit or debt?
Because the population is not living off of wages.
Why is the population not living off of wages and instead surviving on debt?
That is because the US Dollar and economy have already collapsed.
In 2020, according to the Federal Reserve Education Department (FRED), the USD had $0.03 purchasing power out of the original $1.00.
Which means that after the US created 80% off all US currency to ever exist in 2020-2021, that $0.03 went deep into negative purchasing power territory.
That’s why Americans are working two jobs or more and still not making ends meet…
That is also why half of the homeless population are actually employed…
Younger adults such as Millennials and Gen Z, are living in the beginning phases of an already ongoing Hyper-Stagflationary Depression while the system blames them for being lazy…
Millennials are not necessarily lazy; it is what is called…
“Quiet Quitting” is a western spin off of the old Soviet social saying or joke they had during their collapse.
The same collapse the U.S. is now going through…
(0m:44s)
Because the Dollar and economy already have collapsed, food banks are worse than 1929 Depression levels…
The real unemployment rate according to Austrian Economist Ludwig Von Mises Institute, is just shy of the Great Depression levels of 1929…
You are past a Recession and already in a Depression when Families are skipping meals…
Homelessness keeps surging to new record highs because the Dollar and economy have already collapsed into what I call a, “Hyper-Stagflationary Depression”…
More Americans Are Ending Up Homeless—at a Record Rate
https://www.wsj.com/articles/homelessness-increasing-united-states-housing-costs-e1990ac7
Alarming Rise in Family Homelessness in the US Amidst Soaring Costs and Housing Shortages
https://www.linkedin.com/pulse/alarming-rise-family-homelessness-us-amidst-soaring-costs-arbetter
This is why American homelessness keep breaking new records every year…
Because the Dollar and Economy has already collapsed, Central banks have been prepositioning hoarding Gold before the masses figure it out while distracting the public with crypto before the digital slaughter…

Millennials are dealing with record credit card debt more so than any other age group because Millennials are the (1); Prime generation of working age that have been growing up in and living in the middle of a declining empire since 2008 that began Hyperinflating in 2020/2021.
(2); Lack of proper Austrian financial and economic education.
Because the economy has already collapsed, that is why the Gov faked nearly 900,000 jobs…

Because the economy and Dollar have already collapsed, fast food in now considered a luxury by the majority of Americans…
The problem why fast-food prices and everything in general is rising so much this quickly, is because as I have been stating since 2020/2021 and making clear in this article, the dollar started Hyperinflating in 2020/2021 as seen again in M2 Currency Velocity chart…
New Hyperinflation Mcflurry mini size…
2022 Beginning Hyperinflation Mcdonalds Burger US…
… VS McDonalds Hyperinflation Burger (UK Left) & McFish Sandwich (US Right) from 2024 continued progressive Hyperinflationary trend…
I harp on fast food because it is what the average person can see and understand the most when discussing Hyperinflation and its’ nominal prices because it is what the general public has the most familiarization with in-regard to nominal prices and their visuals.
Central Banks have been preparing for Hyperinflation, monetary/wealth transition…
While slowly implementing the new system that I call the “Digital Monetary Surveillance System Economy (DMSSE Cryptos)” that will enslave and control everyone…


Christine Lagarde Says CBDC to Launch in Europe 2025…
At the same time BRICS Countries are continuing De-Dollarizing and making record moves in Gold as well while the public continues sitting on the beach before the proverbial Hyperinflationary tsunami comes barreling down …
The Green Energy transition is a lie to collapse America. Another part of the; “Fall of the West & Rise of the East” agenda, as I’ve been calling it.
The green transition is not realistic, sustainable or able to drive or meet Americas energy demand/need. Normies & Trendies have been duped and sold a lie.
That's why Biden drained our oil reserves and is not replacing it, while Asia’s coal industry explodes. Kill and defund Americas energy while funding Asia and building their energy base up.
Biden Drains Strategic Petroleum Reserve
https://www.rpc.senate.gov/policy-papers/biden-drains-the-strategic-petroleum-reserve
The Biden Administration Is Not Refilling The Strategic Petroleum Reserve
https://www.forbes.com/sites/rrapier/2024/05/13/the-biden-administration-is-not-refilling-the-strategic-petroleum-reserve/?sh=3563a9867094
World Bank Secretly Funding Coal Explosion in Asia
https://bankinformationcenter.org/en-us/update/world-bank-secretly-funding-coal-explosion-in-asia1/
Asia Embraces Coal as the U.S. Rejects It
https://www.realclearenergy.org/articles/2024/05/08/asia_embraces_coal_as_the_us_rejects_it_1030384.html#:~:text=Similar%20patterns%20across%20Asia&text=China%2C%20the%20world's%20largest%20coal,world's%20new%20coal%20power%20plants.
As Hyperinflation takes hold, Americans look at what to cut in their budgets, unfortunately, food is the only thing left for most…
That’s why food banks have been roasted for years…
People often wonder why younger generations have given up and checked out or turned to Nihilism…

Why is there a Transition coming?
Because the world reserve currency USD has already collapsed (negative purchasing power) and is Hyperinflating as foreigners return to gold/alternatives to USD and its’ systems.
That’s why Trump wants to low interest rates which would double time Hyperinflation…
Hyperinflationary price increase in Lottery Tickets at the beginning of 2025…
Where are we at in the Empire Collapse Cycle?
This is where we are heading in terms of the currency…
Depression Homes are now being labeled as “Tiny homes”, are now the New Normal and being sold out like hot cakes…
Soup Kitchens are even making a comeback…
Recap:
US in a Recession since 2008 papered over by Quantitative Easing & artificially low interest rates.
US in a Hyper-Stagflationary Depression Since 2020 by:
-(1); Creating 80% of all us currency to exist in one year.
-(2); with inflation already at elevated levels.
-(3); as M2 Velocity rose from an all time historic low.
Ignoring the warning and reality in this article while also failing to understand and comprehend this by both experts and the general public will lead to a massive loss of life and humanitarian crisis America has not yet ever experienced including that of 1929 unless the overlords hand out digital Universal Basic Income Central Bank Digital Currency…which would do very little and is not an actual solution.
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Dill. Did you shoot that video of Oakland? That is shocking.
So, what ought one do? I still have not figured this out. A cbdc seems like an endgame to me.