So much for the 'Temporary' Inflation Spin

[airplanemechanic]

Looks like the numbers are official now. With the CPI up 5.4%, Biden is now presiding over inflation not seen since the beginning of the first Bush term.

Good job, Joe!

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[shockedcanadian]

When you inject trillions into the economy, this is the end result.

Inflation always hits the poor the hardest.

 

[airplanemechanic]

When you inject trillions into the economy, this is the end result.

Inflation always hits the poor the hardest.

And who says the liberals care about the poor, right?

And its funny, all they can do is laugh. You have record inflation hurting poor communities most, the people the left CLAIM to care about, and they can do nothing but laugh.

That's because they have no answers and really DON'T give a flying shit about the poor as long as they get their vote in November.

 

[Scottish_Brexiteer_UK]

Watch the lunatics still blame Trump by saying Biden had to do it due to the mess Trump made, or something.

You can bet your house on it.

 

[Votto]

And they want to spend another $3 trillion

They must want all the poor folk dead.

 

[airplanemechanic]

And they want to spend another $3 trillion

They must want all the poor folk dead.

3 trillion? You might want to look again. In less than 24 hours they passed bills to spend 4.2 TRILLION.

And the left says the right is irresponsible with spending.

 

[TheGreatSatan]

The dollar will lose half its value by Christmas if Democrats continue to get their way.

 

[shockedcanadian]

If you continue to funnel dollars into the world economy, China will continue to push their digital currency.

You have to ensure value of the dollar, this will devalue it while opening the door for China.

 

[Moonglow]

When you inject trillions into the economy, this is the end result.

Inflation always hits the poor the hardest.

The Trump trillions did screw things up.

 

[TheGreatSatan]

The Trump trillions did screw things up.

Derp... orange mad bad...

Are you admitting spending trillions more is bad?

 

[Natural Citizen]

Around 7 trillion dollars was aded to the debt under the Trump Administration.

This was the highest in history.

Biden administration just got started. He'll surpass Trump.

There's not a nickel's worth of difference between a Keynesian and a Keynesian.

They're just passing the baton of fto each other at this point.

This whole red vs blue, D vs R reality tv attitude that drives perception of American leadership these days only ensures that th electorate is constantly kept bent over with one of em dry banging you on each end.

Wake up. There's been a better option in the last 4 general elections.

I'm beginning to think people like it on both ends.

 

[Mac1958]

The Trump trillions did screw things up.

They don't think about that.

Nor do they understand what has caused this inflationary period.

 

[Moonglow]

If you continue to funnel dollars into the world economy, China will continue to push their digital currency.

You have to ensure value of the dollar, this will devalue it while opening the door for China.

Jun 10, 2021,​

The U.S. dollar has been weakening since March 2020.

Buckle Up: 3 Reasons Why Inflation Is Rising

Consumer prices are rising at the fastest rate since the Great Recession and the second fastest rate since the early 1980s.

www.forbes.com

In January 2020, the M2 money supply was around $15.41 trillion. This past April, only 16 months later, the M2 money supply was at $20.11 trillion, representing an increase of 30%. While this may have boosted the economy and helped avoid a more serious recession, it also contributed to higher inflation.

A great many companies import goods and supplies from China, the world’s largest exporter. Due to the pandemic, these companies were forced to find alternative sources for the supplies and products they needed. To summarize, a significant reduction in the supply of goods, coupled with a massive expansion of U.S. dollars, has led to higher inflation.

 

[Moonglow]

They don't think about that.

Nor do they understand what has caused this inflationary period.

They do want to blame Biden and the Dems although Biden had nothing to do with it the Dems in Congress did.

 

[Moonglow]

Lumber is back down thankfully, but, O'Reilly's is a gouge and a half. The coil distributer I bought for my truck was 34 dollars at O'Really's!? it's 83 bucks.

 

[TheGreatSatan]

They don't think about that.

Nor do they understand what has caused this inflationary period.

Democrats say this inflation is transitory.

Is that a lie?

 

[Moonglow]

Democrats say this inflation is transitory.

Is that a lie?

Nein..

 

[Leo123]

The dollar will lose half its value by Christmas if Democrats continue to get their way.

Ahh the joys of fiat money.

 

[Moonglow]

Derp... orange mad bad...

Are you admitting spending trillions more is bad?

Do you always talk in a neo fascist code?

 

[iamwhatiseem]

And for those saying TRUMP!! TRUMP!! TRUMP!!...
You need to focus on Biden.
As bad as Trump was on spending, Biden is certainly on track to be far worse.
Far worse.