Biden mass spending sparks warning of hyperinflation and market crash

[Oldestyle]

What's being overlooked by people like you is that Governmental interference is already causing wages to increase. Down here in Florida many people are on unemployment and quite content to remain there as long as the Democrats keep extending their benefits. It's created a severe labor shortage so now you're seeing things like WAWA offering a $150 new hire bonus and McDonalds so desperate that one franchisee is offering $50 to anyone who comes in to apply for a job! They're having to do THAT while the Government is spending Billions on unemployment compensation! It borders on farce!

 

[AntonToo]

Fed Bank inflates their balances, by "printing money" or "QE" or whatever you want to call it. IT DOES NOT REDUCE DEFICITS,

It does.......I'll let you try to figure out how.

Sure sure. Run along now, before you god forbid say something constructive.

View attachment 487494

Federal Reserve Board announces Reserve Bank income and expense data and transfers to the Treasury for 2020

The Federal Reserve Board on Monday announced preliminary results indicating that the Reserve Banks provided for payments of approximately $88.5 billion of the

www.federalreserve.gov

In case you still thought Fed printing doesn't reduce deficits.

oh wow 30 Billion reduction on 3-4 trillion dollar Fed balance expansion? 1% of the 2020 deficit?

Thats it? That's the explanation of how the Feds printing money obscures true debt?

Ok yes you are right that it lowers it, but the reduction is small enough to be insignificant to the point.

Not only that, Fed balances were relatively low during Carter admin, so again, zero evidence that his deficits were lowered by Fed "money printing"

oh wow 30 Billion reduction on 3-4 trillion dollar Fed balance expansion? 1% of the 2020 deficit?

Fuck you're stupid. $88.5 billion in 2020 alone.
$838 billion since 2011.

Tell me again how that doesn't reduce deficits.

Stupid you subtract normal 50 from 80

Normal?

DURR.

All those Fed remittances are from earnings from Fed "money printing".

Go back to 2007, it totals over $1 trillion.

$1 trillion plus all the interest on that reduced borrowing, pretty soon you're talking about real money.

Enough that even a moron like you should be able to understand.

Fed Bank inflates their balances, by "printing money" or "QE" or whatever you want to call it. IT DOES NOT REDUCE DEFICITS,

It does.......I'll let you try to figure out how.

Sure sure. Run along now, before you god forbid say something constructive.

View attachment 487494

Federal Reserve Board announces Reserve Bank income and expense data and transfers to the Treasury for 2020

The Federal Reserve Board on Monday announced preliminary results indicating that the Reserve Banks provided for payments of approximately $88.5 billion of the

www.federalreserve.gov

In case you still thought Fed printing doesn't reduce deficits.

oh wow 30 Billion reduction on 3-4 trillion dollar Fed balance expansion? 1% of the 2020 deficit?

Thats it? That's the explanation of how the Feds printing money obscures true debt?

Ok yes you are right that it lowers it, but the reduction is small enough to be insignificant to the point.

Not only that, Fed balances were relatively low during Carter admin, so again, zero evidence that his deficits were lowered by Fed "money printing"

oh wow 30 Billion reduction on 3-4 trillion dollar Fed balance expansion? 1% of the 2020 deficit?

Fuck you're stupid. $88.5 billion in 2020 alone.
$838 billion since 2011.

Tell me again how that doesn't reduce deficits.

Stupid you subtract normal 50 from 80

Normal?

DURR.

All those Fed remittances are from earnings from Fed "money printing".

Go back to 2007, it totals over $1 trillion.

$1 trillion plus all the interest on that reduced borrowing, pretty soon you're talking about real money.

Enough that even a moron like you should be able to understand.

Yes silly, NORMAL.

It is NORMAL for Fed Bank to send remittances to the treasury. So you have to subtract the normal from outstanding remitances in times of expanding balances.

1 Trillion in remitances you claimed is still only about 5% of debt accumulated during that time.

And let's note that you are not even attempting to defend the assertion that Carter's deficits were somehow concealed by "money printing"

 

[BasicHumanUnit]

"My only conclusion is that most Americans are really fucking dumb."

THIS

 

[Toddsterpatriot]

Fed Bank inflates their balances, by "printing money" or "QE" or whatever you want to call it. IT DOES NOT REDUCE DEFICITS,

It does.......I'll let you try to figure out how.

Sure sure. Run along now, before you god forbid say something constructive.

View attachment 487494

Federal Reserve Board announces Reserve Bank income and expense data and transfers to the Treasury for 2020

The Federal Reserve Board on Monday announced preliminary results indicating that the Reserve Banks provided for payments of approximately $88.5 billion of the

www.federalreserve.gov

In case you still thought Fed printing doesn't reduce deficits.

oh wow 30 Billion reduction on 3-4 trillion dollar Fed balance expansion? 1% of the 2020 deficit?

Thats it? That's the explanation of how the Feds printing money obscures true debt?

Ok yes you are right that it lowers it, but the reduction is small enough to be insignificant to the point.

Not only that, Fed balances were relatively low during Carter admin, so again, zero evidence that his deficits were lowered by Fed "money printing"

oh wow 30 Billion reduction on 3-4 trillion dollar Fed balance expansion? 1% of the 2020 deficit?

Fuck you're stupid. $88.5 billion in 2020 alone.
$838 billion since 2011.

Tell me again how that doesn't reduce deficits.

Stupid you subtract normal 50 from 80

Normal?

DURR.

All those Fed remittances are from earnings from Fed "money printing".

Go back to 2007, it totals over $1 trillion.

$1 trillion plus all the interest on that reduced borrowing, pretty soon you're talking about real money.

Enough that even a moron like you should be able to understand.

Fed Bank inflates their balances, by "printing money" or "QE" or whatever you want to call it. IT DOES NOT REDUCE DEFICITS,

It does.......I'll let you try to figure out how.

Sure sure. Run along now, before you god forbid say something constructive.

View attachment 487494

Federal Reserve Board announces Reserve Bank income and expense data and transfers to the Treasury for 2020

The Federal Reserve Board on Monday announced preliminary results indicating that the Reserve Banks provided for payments of approximately $88.5 billion of the

www.federalreserve.gov

In case you still thought Fed printing doesn't reduce deficits.

oh wow 30 Billion reduction on 3-4 trillion dollar Fed balance expansion? 1% of the 2020 deficit?

Thats it? That's the explanation of how the Feds printing money obscures true debt?

Ok yes you are right that it lowers it, but the reduction is small enough to be insignificant to the point.

Not only that, Fed balances were relatively low during Carter admin, so again, zero evidence that his deficits were lowered by Fed "money printing"

oh wow 30 Billion reduction on 3-4 trillion dollar Fed balance expansion? 1% of the 2020 deficit?

Fuck you're stupid. $88.5 billion in 2020 alone.
$838 billion since 2011.

Tell me again how that doesn't reduce deficits.

Stupid you subtract normal 50 from 80

Normal?

DURR.

All those Fed remittances are from earnings from Fed "money printing".

Go back to 2007, it totals over $1 trillion.

$1 trillion plus all the interest on that reduced borrowing, pretty soon you're talking about real money.

Enough that even a moron like you should be able to understand.

Yes silly, NORMAL.

It is NORMAL for Fed Bank to send remittances to the treasury. So you have to subtract the normal from outstanding remitances in times of expanding balances.

1 Trillion in remitances you claimed is still only about 5% of debt accumulated during that time.

And let's note that you are not even attempting to defend the assertion that Carter's deficits were somehow concealed by "money printing"

It is NORMAL for Fed Bank to send remittances to the treasury.

Why is $50 billion normal?

1 Trillion in remitances you claimed is still only about 5% of debt accumulated during that time.

So first it didn't reduce deficits, now it only reduced them by over $1 trillion since 2007.

And let's note that you are not even attempting to defend the assertion that Carter's deficits were somehow concealed by "money printing"

When I decide to defend an assertion, I'll be sure to let you know.

 

[Oldestyle]

As an update to my earlier post...
WAWA is now offering $500 as a signing bonus to new employees! That's right...they're SO desperate for employees that they're giving you five hundred bucks!
Only in Joe Biden's America... (eye roll)

 

[Lesh]

What's being overlooked by people like you is that Governmental interference is already causing wages to increase. Down here in Florida many people are on unemployment and quite content to remain there as long as the Democrats keep extending their benefits. It's created a severe labor shortage so now you're seeing things like WAWA offering a $150 new hire bonus and McDonalds so desperate that one franchisee is offering $50 to anyone who comes in to apply for a job! They're having to do THAT while the Government is spending Billions on unemployment compensation! It borders on farce!

OMG. Not wage INCREASES?

That MUST be stopped!

 

[Lesh]

Market crash?

dow jones today - Google Search

 

[Oldestyle]

What's being overlooked by people like you is that Governmental interference is already causing wages to increase. Down here in Florida many people are on unemployment and quite content to remain there as long as the Democrats keep extending their benefits. It's created a severe labor shortage so now you're seeing things like WAWA offering a $150 new hire bonus and McDonalds so desperate that one franchisee is offering $50 to anyone who comes in to apply for a job! They're having to do THAT while the Government is spending Billions on unemployment compensation! It borders on farce!

OMG. Not wage INCREASES?

That MUST be stopped!

Wage increases because private businesses are being forced to "compete" against Government that is just giving people freebies! Can't you grasp how FUBARED that is?

 

[Lesh]

What's being overlooked by people like you is that Governmental interference is already causing wages to increase. Down here in Florida many people are on unemployment and quite content to remain there as long as the Democrats keep extending their benefits. It's created a severe labor shortage so now you're seeing things like WAWA offering a $150 new hire bonus and McDonalds so desperate that one franchisee is offering $50 to anyone who comes in to apply for a job! They're having to do THAT while the Government is spending Billions on unemployment compensation! It borders on farce!

OMG. Not wage INCREASES?

That MUST be stopped!

Wage increases because private businesses are being forced to "compete" against Government that is just giving people freebies! Can't you grasp how FUBARED that is?

What I "grasp" is that rising wages makes you very sad

 

[Oldestyle]

What's being overlooked by people like you is that Governmental interference is already causing wages to increase. Down here in Florida many people are on unemployment and quite content to remain there as long as the Democrats keep extending their benefits. It's created a severe labor shortage so now you're seeing things like WAWA offering a $150 new hire bonus and McDonalds so desperate that one franchisee is offering $50 to anyone who comes in to apply for a job! They're having to do THAT while the Government is spending Billions on unemployment compensation! It borders on farce!

OMG. Not wage INCREASES?

That MUST be stopped!

Wage increases because private businesses are being forced to "compete" against Government that is just giving people freebies! Can't you grasp how FUBARED that is?

What I "grasp" is that rising wages makes you very sad

What makes me sad, Lesh...is people who don't grasp basic economic principles...yet think they know what's best for us!

 

[Oldestyle]

What's being overlooked by people like you is that Governmental interference is already causing wages to increase. Down here in Florida many people are on unemployment and quite content to remain there as long as the Democrats keep extending their benefits. It's created a severe labor shortage so now you're seeing things like WAWA offering a $150 new hire bonus and McDonalds so desperate that one franchisee is offering $50 to anyone who comes in to apply for a job! They're having to do THAT while the Government is spending Billions on unemployment compensation! It borders on farce!

OMG. Not wage INCREASES?

That MUST be stopped!

Wage increases because private businesses are being forced to "compete" against Government that is just giving people freebies! Can't you grasp how FUBARED that is?

What I "grasp" is that rising wages makes you very sad

We aren't talking about "wage increases" when the Private Sector has to bribe workers into taking jobs because the Government is giving the unemployed so much money that they don't need to work!

 

[danielpalos]

What's being overlooked by people like you is that Governmental interference is already causing wages to increase. Down here in Florida many people are on unemployment and quite content to remain there as long as the Democrats keep extending their benefits. It's created a severe labor shortage so now you're seeing things like WAWA offering a $150 new hire bonus and McDonalds so desperate that one franchisee is offering $50 to anyone who comes in to apply for a job! They're having to do THAT while the Government is spending Billions on unemployment compensation! It borders on farce!

OMG. Not wage INCREASES?

That MUST be stopped!

Wage increases because private businesses are being forced to "compete" against Government that is just giving people freebies! Can't you grasp how FUBARED that is?

What I "grasp" is that rising wages makes you very sad

We aren't talking about "wage increases" when the Private Sector has to bribe workers into taking jobs because the Government is giving the unemployed so much money that they don't need to work!

Raise the minimum wage until people Want to work under free market Capitalism not right wing socialism on a national basis.

 

[Lesh]

What's being overlooked by people like you is that Governmental interference is already causing wages to increase. Down here in Florida many people are on unemployment and quite content to remain there as long as the Democrats keep extending their benefits. It's created a severe labor shortage so now you're seeing things like WAWA offering a $150 new hire bonus and McDonalds so desperate that one franchisee is offering $50 to anyone who comes in to apply for a job! They're having to do THAT while the Government is spending Billions on unemployment compensation! It borders on farce!

OMG. Not wage INCREASES?

That MUST be stopped!

Wage increases because private businesses are being forced to "compete" against Government that is just giving people freebies! Can't you grasp how FUBARED that is?

What I "grasp" is that rising wages makes you very sad

What makes me sad, Lesh...is people who don't grasp basic economic principles...yet think they know what's best for us!

You know what's "best for us"?

Decent wages. Something you seem to be directly opposed to.

 

[Toddsterpatriot]

Raise the minimum wage until people Want to work under free market Capitalism

Poor people don't want to work?

 

[danielpalos]

Raise the minimum wage until people Want to work under free market Capitalism

Poor people don't want to work?

Labor needs to be able to afford our first world economy.

 

[Toddsterpatriot]

Raise the minimum wage until people Want to work under free market Capitalism

Poor people don't want to work?

Labor needs to be able to afford our first world economy.

The first step involves getting a job.

You should look into it.

 

[Oldestyle]

What's being overlooked by people like you is that Governmental interference is already causing wages to increase. Down here in Florida many people are on unemployment and quite content to remain there as long as the Democrats keep extending their benefits. It's created a severe labor shortage so now you're seeing things like WAWA offering a $150 new hire bonus and McDonalds so desperate that one franchisee is offering $50 to anyone who comes in to apply for a job! They're having to do THAT while the Government is spending Billions on unemployment compensation! It borders on farce!

OMG. Not wage INCREASES?

That MUST be stopped!

Wage increases because private businesses are being forced to "compete" against Government that is just giving people freebies! Can't you grasp how FUBARED that is?

What I "grasp" is that rising wages makes you very sad

We aren't talking about "wage increases" when the Private Sector has to bribe workers into taking jobs because the Government is giving the unemployed so much money that they don't need to work!

Raise the minimum wage until people Want to work under free market Capitalism not right wing socialism on a national basis.

Ah, Daniel...a Minimum Wage really isn't "free market Capitalism"...it's actually the opposite of a free market! Duh?

 

[Oldestyle]

What's being overlooked by people like you is that Governmental interference is already causing wages to increase. Down here in Florida many people are on unemployment and quite content to remain there as long as the Democrats keep extending their benefits. It's created a severe labor shortage so now you're seeing things like WAWA offering a $150 new hire bonus and McDonalds so desperate that one franchisee is offering $50 to anyone who comes in to apply for a job! They're having to do THAT while the Government is spending Billions on unemployment compensation! It borders on farce!

OMG. Not wage INCREASES?

That MUST be stopped!

Wage increases because private businesses are being forced to "compete" against Government that is just giving people freebies! Can't you grasp how FUBARED that is?

What I "grasp" is that rising wages makes you very sad

What makes me sad, Lesh...is people who don't grasp basic economic principles...yet think they know what's best for us!

You know what's "best for us"?

Decent wages. Something you seem to be directly opposed to.

Interesting concept. So in order to give people your definition of "decent wages" you're willing to keep tens of thousands of low skill workers from getting a job period? How is that "best" for them?

 

[danielpalos]

What's being overlooked by people like you is that Governmental interference is already causing wages to increase. Down here in Florida many people are on unemployment and quite content to remain there as long as the Democrats keep extending their benefits. It's created a severe labor shortage so now you're seeing things like WAWA offering a $150 new hire bonus and McDonalds so desperate that one franchisee is offering $50 to anyone who comes in to apply for a job! They're having to do THAT while the Government is spending Billions on unemployment compensation! It borders on farce!

OMG. Not wage INCREASES?

That MUST be stopped!

Wage increases because private businesses are being forced to "compete" against Government that is just giving people freebies! Can't you grasp how FUBARED that is?

What I "grasp" is that rising wages makes you very sad

We aren't talking about "wage increases" when the Private Sector has to bribe workers into taking jobs because the Government is giving the unemployed so much money that they don't need to work!

Raise the minimum wage until people Want to work under free market Capitalism not right wing socialism on a national basis.

Ah, Daniel...a Minimum Wage really isn't "free market Capitalism"...it's actually the opposite of a free market! Duh?

Oldstyle, simply mandating a work ethic in an at-will employment State is nothing but socialism on a national basis.

 

[danielpalos]

What's being overlooked by people like you is that Governmental interference is already causing wages to increase. Down here in Florida many people are on unemployment and quite content to remain there as long as the Democrats keep extending their benefits. It's created a severe labor shortage so now you're seeing things like WAWA offering a $150 new hire bonus and McDonalds so desperate that one franchisee is offering $50 to anyone who comes in to apply for a job! They're having to do THAT while the Government is spending Billions on unemployment compensation! It borders on farce!

OMG. Not wage INCREASES?

That MUST be stopped!

Wage increases because private businesses are being forced to "compete" against Government that is just giving people freebies! Can't you grasp how FUBARED that is?

What I "grasp" is that rising wages makes you very sad

What makes me sad, Lesh...is people who don't grasp basic economic principles...yet think they know what's best for us!

You know what's "best for us"?

Decent wages. Something you seem to be directly opposed to.

Interesting concept. So in order to give people your definition of "decent wages" you're willing to keep tens of thousands of low skill workers from getting a job period? How is that "best" for them?

They would qualify for unemployment compensation and probably acquire some new skills that could enable them to ask for more money in the market for labor.