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Why, when we agree for once?
The Coming Recession
I wonder if there is one thing we can all agree on. If there is, it should be the fact that neither of the major parties is fiscally responsible. No matter which party controls Congress, no matter what letter is after the name of the president, the federal debt climbs faster and faster with...www.usmessageboard.com
Read my first two posts in that topic.
You realize that inflation is ONLY a monetary phenomenon right?German Inflation Hits Fresh Record
Hungary Inflation Rate Climbs Higher in Broad-Based Price Surge
- Core inflation rose to an annual 9.1%, highest in 21 years
UK inflation jumps to 40-year high of 9% as food and energy prices spiral
U.K. inflation soared to a record high of 9% in April as food and energy prices spiraled, official figures revealed Wednesday, escalating the country's cost-of-living crisis.www.cnbc.com
Sweden Inflation Surge Piles Pressure on Riksbank to Tighten
French Inflation Hits Another Record, Feeding Rate Debate
UK inflation jumps to 40-year high of 9% as food and energy prices spiral
U.K. inflation soared to a record high of 9% in April as food and energy prices spiraled, official figures revealed Wednesday, escalating the country's cost-of-living crisis.
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Australian inflation hits 20-yr high, May rate rise seen in play
Australian consumer prices surged at the fastest annual pace in two decades last quarter as petrol, home building and food costs all climbed, fueling speculation interest rates could rise from record lows as soon as next week.www.reuters.com
Damn you, BIDEN!!!
Good news on the economy
Um, retard? Trump submitted the largest spending bill in US history.You realize that inflation is ONLY a monetary phenomenon right?
Democrats printed money and now the US is experiencing inflation. That's it. There is NO OTHER POSSIBLE Explanation.
Ugh. You're dumb.Um, retard? Trump submitted the largest spending bill in US history.
He also called for bigger stimulus checks than even the Democrats were asking for.
He added $8 trillion to the debt in HALF the time it took Obama.
It takes a very special retard indeed to still fall for the hoax that Trump and the Republicans are fiscally responsible.
I'm still pissed at the GOP and RINO's who spent like there's no tomorrow as soon as they gained power. That said Dems are real assholes and corrupt to the core.Seriously. Just how fucking stupid do you have to be to actually bleev big spending is just a Democrat problem?
Hooooooleeeeeeeeee SHIT!
Oh, I see. You think inflation is only caused by direct payments.Ugh. You're dumb.
Of the some $4.5Trillion in helicopter money directly given to the people, $3.5 Trillion were under Biden.
$1 Trillion was during Democrat's reign in congress at end of Trump presidency while he was being impeached.
www.reuters.com
You don't know what you're talking about.Seriously. Just how fucking stupid do you have to be to actually bleev big spending is just a Democrat problem?
Hooooooleeeeeeeeee SHIT!
That's helicopter money and it is the MOST INFLATIONARY forms of money supply. So yes, I definitely think "direct payments" are inflationary.Oh, I see. You think inflation is only caused by direct payments.
BWA-HA-HA-HA-HA-HA-HA!
Oh man. That's priceless. I'll probably be laughing for days over that incredibly stupid statement.
Trump threatens to not sign COVID-19 bill, wants bigger stimulus checks
President Donald Trump threatened on Tuesday to not sign an $892 billion coronavirus relief bill that includes desperately needed money for individual Americans, saying it should be amended to increase the amount in the stimulus checks.
Biden was the one who was bringing in the wealth for all of us. Progs built themselves up like they were gods. All of the distasteful comments on Trump for over 4 years and even after Biden's installation. Now it is excuse time. Don't worry though Vegas has the odds of the Repubs screwing over their own again.The Fed's been doing that since 2009. The NY Fed added another couple of trillion to unfreeze short term credit markets in 2019 for icing on the cake.
And, the global supply chain collapse that began in April 2020 triggered the inflation.
Believe it, don't believe it, I don't care. I'm done burning time on economics with you people.
You think ONLY helicopter money is inflationary. That's seriously retarded.That's helicopter money and it is the MOST INFLATIONARY forms of money supply. So yes, I definitely think "direct payments" are inflationary.
Don't be a dumb shit.
I can literally beat you like a dead cat over this subject ALL DAY.
No, I think Helicopter Money is the MOST inflationary.You think ONLY helicopter money is inflationary. That's seriously retarded.
When the federal government deficit spends, where do you think they get the money?
They get a YUGE chunk from the Fed buying US Treasuries.
And where does the Fed get the money to buy those Treasuries, dumbass?
They CREATE IT, out of thin air. They INCREASE the money supply.
So when Trump added $8 trillion dollars to the federal debt, he was adding to the inflationary pressure we are experiencing today.
www.reuters.com
He pushed the Fed to keep the QE flood of dollars coming, and to keep rates low. Then the NY Fed tossed in another $2T to save his ass in 2019.So when Trump added $8 trillion dollars to the federal debt, he was adding to the inflationary pressure we are experiencing today.
Spoken like a true socialist.US probably needs to keep deficit spending high.
It's the easiest, laziest way to goose GDP. Rather than do the hard work to improve the economic conditions for a stronger economy, just spend, spend, spend and then crow about GDP growth.He pushed the Fed to keep the QE flood of dollars coming, and to keep rates low. Then the NY Fed tossed in another $2T to save his ass in 2019.
All this help for support, and he calls it "The Greatest Economy Ever". And the rubes repeat it like it's gospel
