maybelooking
Diamond Member
- Sep 10, 2021
- 4,105
- 5,117
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The title is pretty self explanatory.
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Thank you for that.Inflation is normal after any pandemic, the whole globe is in inflation, thus the world starts turning again. It will take some time for things to get back to normal.
In about a year things will be back to normal, if anything is normal. It will never be permanent.Thank you for that.
Would you like to actually answer the question?
so in your opinion, if inflation continues beyond a year, its no longer transitory and is now a serious problem?In about a year things will be back to normal, if anything is normal.
Bart the clown yaps nothingness again!I have enjoyed the last eight years of inflation, haven't yous?
When it reaches 10%???The term "transitory" is obviously being used to try and down play the severity of the problem.
So my question is simple. How long before it is no longer transitory?
1 month, 6 months, a year?
The term "transitory" is obviously being used to try and down play the severity of the problem.
Thank you.The term 'transitory' is nothing more than an excuse being tossed out there by the Fed in order to justify delaying the increase of interest rates.
The reason they want to put off raising the interest rates is because raising the interest rates would cause the federal government's interest payments to rise to a point of unsustainability.
One of the ways that the Fed increases the currency supply (inflation) is by purchasing U.S. Treasury securities. Whie this lowers interest rates, it also increases the deamand for the U.S. government's debt, which keeps he federal government's borrowing costs low(ish). Unfortunately, the inflation of currency also increases federal spending and deficits. The Fed has been monetizing federal debt aggressively during this whole covid thing and doubling its Treasury securities holdings
So, yeah. To answer your question, they're just blowing smoke up our rear ends. Few people understand how this stuff works and the media likes to keep it that way jsut because all they;re really doing is running interference for the practice anyway. Bot hsides are actually guilty of the proactice, so its never really thoroughly discussed.
They're just delaying the raising of interest rates for the purpose of keeping the federal governments interest payments lower is all they're doing.
The whole ''transitory' language are nothing more than weasel words.
Thank you.
That is a well thought out response.
frightening as hell.YW. There's a few typos in there but it's just whuevs.
You know, just as an aside kind of thing, and placing that 28 trillion dollars worth of national debt aside, that isn't all the federal government actually owes.
But few ever acknowledge anything about that. We're certainly not going to hear anything about it from government or the talking heads on the boob toob. All we're gonna get from them are the same old weasel words and narratives in order to just keep kicking the same can down the road so it doesnlt all crash on their watches.
There's also that other 129 trillion dollars the federal government owes. Which brings the total debt to around 123 trillion dollars after we take into consideration the roughly 6 trillion it actually has on hand.
View attachment 551384
frightening as hell.
a couple of years ago my wfie and I decided to get out of debt. we have managed to pay off everything but our house, and its a pretty modest house.
no car notes, no credit cards. just a mortgage.
and we have a place in the country that's completely paid for. so when (not if) everything comes crashing down, we will be able to survive.
YW. There's a few typos in there but it's just whuevs.
You know, just as an aside kind of thing, and placing that 28 trillion dollars worth of national debt aside, that isn't all the federal government actually owes.
But few ever acknowledge anything about that. We're certainly not going to hear anything about it from government or the talking heads on the boob toob. All we're gonna get from them are the same old weasel words and narratives in order to just keep kicking the same can down the road so it doesnlt all crash on their watches.
There's also that other 129 trillion dollars the federal government owes. Which brings the total debt to around 123 trillion dollars after we take into consideration the roughly 6 trillion it actually has on hand.
View attachment 551384
About the source of the data: Truth in Accounting is a 501(c)(3) nonprofit committed to educating and empowering citizens with understandable, reliable and transparent government financial information. To be knowledgeable participants in their government and its budget process, citizens need truthful and transparent financial information.
Im amazed daily at the people driving 50k+ vehicles. Those used to be reserved for people with a lot of money.Best situation to be in, honestly. Very wise.
I think we're gonna see quite a bit of asset seizure in the near future. I think I had mentioned something about why some place around here some months ago. Forget where, though.
And now they want to know if you made a $600 transaction. Used to be reporting was anything over $10,000 as you may already know.
They're coming after the working class, there's no doubt about it.
It really is critical that folks get out of debt. The vampires are gonna be coming for blood in short order, I fear. Since this whole covid stuff suddenly popped up out of nowhere, people have effectively been systematically forced out of employment at the barrel of a government gun. They've fallen behind significantly. And they don't have a central bank to bail them out.
I paid off everything I own many years ago, thankfully.