The Coming Recession

[g5000]

It sounds like the people to hold responsible are those currently in power. All of them. Regardless of their part in the current shit sandwich.

We get the politicians we deserve.

WE are to blame. It's time for all of us to take responsibility. We DEMANDED this.

 

[Bootney Lee Farnsworth]

Wait. You said Trump had a spine and then say he was coerced? Are you schizophrenic?

Trump asked for more stimulus spending than even the Democrats wanted!

Trump Claims To Want More Stimulus Funding Than Democrats After Pushing For Less

A White House spokesperson soon after said the administration won't go 'below $2 trillion,' despite Democrats asking for $2.2 trillion.

www.forbes.com

I asked you if you were admitting that.

Are you admitting that Ronald Reagan was a horrible spend-thrift who threw gasoline on the flames of the ridiculous debt cycle we will NEVER get out of?

 

[g5000]

It was the over 4 years of buildup that the Progs had every answer in human history with the endless Trump bashing by most of the media, entertainers, and politicians. With the Prog judges making their own laws to keep us moving left and to hurt Trump. It's still going on. Progs own this. Using Covid, anarchy in the streets and cheating to install their people into office.

Trump bashing, eh?

I know exactly what you mean.

Efforts to impeach Barack Obama - Wikipedia

A sampling from the karma bin:

"Kenya, Kenya, Kenya!"

Impeach Obama?

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Impeach the Kenyan!

Why to impeach Obama

Will Republicans impeach Obama?

Impeach Obama Over Syria????

Boehner's Master Plan: Impeach Obama

""IMPEACH"" Law Breaker Obama! Now!!!

Enough enough with Obama, IMPEACH

Palin: Impeach

why won't anyone impeach Obama the racist?

Is Baltimore enough to impeach Obama?

---->>>> Impeach Obama If He Strikes Syria <<<<----

SD GOP state convention: IMPEACH OBAMA!!

Is it time to impeach Obama ?

We could impeach Obama if we default

*Congress Setting Stage To Impeach Obama*

Impeach Obama, says Rep. Michael Burgess

I hope the Republicans IMPEACH Obama!

Are There Grounds To Impeach Obama?

Charge for Treason, and Impeach

Oklahoma Prepares To Impeach Obama Over Transgender Bathrooms

Americas new battle cry "Impeach Obama!" and "Deport! Deport!"

Will Biden team up with Republicans to Impeach Obama?

Benghazi: What Republicans have to get passed to impeach Obama

Impeach Obama Robocall Campaign Launched By Conservative Group

It's is far time we impeach

THE “TAKE CARE CLAUSE” …A Reason to Impeach?

Harvard Constitutional Attorney: Time To Impeach Obama (Gotta Hear This Folks)

OK, after today I am on the impeach Obama band wagon

Sarah Palin: Start Obama Investigations To Impeach In Order To Stop His Transformation Of America

White House: Republicans May Push to Impeach Obama If They Get the Chance

Are there sufficient and compelling offenses by President Obama to impeach him?

Impeaching Obama

Enjoy the karma, baby!

 

[Bootney Lee Farnsworth]

We get the politicians we deserve.

WE are to blame. It's time for all of us to take responsibility. We DEMANDED this.

Okay. We have the blame....NOW WHAT???

 

[Meathead]

Wait. You said Trump had a spine and then say he was coerced? Are you schizophrenic?

Trump asked for more stimulus spending than even the Democrats wanted!

Trump Claims To Want More Stimulus Funding Than Democrats After Pushing For Less

A White House spokesperson soon after said the administration won't go 'below $2 trillion,' despite Democrats asking for $2.2 trillion.

www.forbes.com

From your link:

Trump, who abruptly called off stimulus talks on Wednesday; earlier in the week incorrectly claimed Democrats were asking for $2.4 trillion in spending (the Heroes Act costs $2.2 trillion) and said he “made a very generous offer of $1.6 Trillion Dollars.”

 

[gipper]

So long as partisan hacks keep falling for the hoax fed to them by their propagandists that this is the fault of the other party, our country's future will be in peril.

It's time to start holding our politicians' feet to the fire, no matter which party they belong to.

Americans need to unite and go after the politicians and government. We need to get in the streets and rise hell. We need to make them afraid of us.

The potential problem with this approach is the government has become so big, powerful, and authoritarian that they likely resort to massacring the people, as many historical governments have done.

 

[Bootney Lee Farnsworth]

From your link:

Trump, who abruptly called off stimulus talks on Wednesday; earlier in the week incorrectly claimed Democrats were asking for $2.4 trillion in spending (the Heroes Act costs $2.2 trillion) and said he “made a very generous offer of $1.6 Trillion Dollars.”

g5000 wants this to be a Trump bash, but he doesn't have the fact to support it and won't admit that we cannot be held to blame when politicians do NOT do the job they promised.

"Kick the bums out" and never vote for Rs or Ds again is the ONLY real strategy.

 

[Bootney Lee Farnsworth]

Americans need to unite and go after the politicians and government. We need to get in the streets and rise hell. We need to make them afraid of us.

The potential problem with this approach is the government has become so big, powerful, and authoritarian that they likely resort to massacring the people, as many historical governments have done.

What you're saying is.....we need machine guns.

I agree.

 

[gipper]

What you're saying is.....we need machine guns.

I agree.

No I’m not. However if government does mass murder the people, we’ll have no choice but to fight fire with fire. However Non-violence often works and must be our first approach.

 

[g5000]

I asked you if you were admitting that?

Are you admitting that Ronald Reagan was a horrible spend-thrift who threw gasoline on the flames of the ridiculous debt cycle we will NEVER get out of?

Reagan was the first president to submit a trillion dollar budget. Fortunately, our economy grew faster than his debt.

Reagan had the balls to stand firm when Paul Volker raised interest rates through the ceiling to get inflation under control. The country went into a deep recession and the resultant unemployment. But Reagan knew it was right for the country, and he was proven correct. The economy came roaring back.

Reagan also had the humility to admit his tax cuts had been too deep and he raised them back up.

Reagan also knew that tax expenditures were adding to our debt and he made deep cuts to them. Unfortunately, our politicians began putting more back into the tax code after he left. They now add up to $1.4 trillion in annual costs.

Reagan also had the balls to stand firm against the Soviets, and ignored all the lefties whining that he was going to start WWIII and get us all nuked, much like the KGB Putin bootlickers in the party of Trump do today.

Reagan's firmness led to the collapse of the USSR. Hopefully, NATO's firmness will lead to the collapse of Putin.

So all in all, Reagan's greatness far exceeded his weaknesses.

 

[Donald H]

A recession isn't possible during a war.

The stock market will skyrocket at any suggestion of Russia being defeated, and vice versa.

 

[g5000]

Okay. We have the blame....NOW WHAT???

Now we need to stop the partisan hackery, stop listening to the propagandists, and start holding our politicians accountable in our own parties.

I have frequently made the analogy that if your neighbor took in a guest, and that guest started shitting all over your neighbor's furniture, you would speak very ill of that person.

But if you took in a guest, and he started shitting all over YOUR furniture, what kind of submissive loser cuck would you be if you said nothing? What if you just whined about your neighbor's guest constantly, but offered to extend your own guest's invitation to stay?

That's what is going on today.

 

[g5000]

A recession isn't possible during a war.

The stock market will skyrocket at any suggestion of Russia being defeated, and vice versa.

The stock market isn't really the economy. Ben Bernanke made the grievous error of thinking it is. That was way outside his purview.

If the Fed raises interest rates, money will be more expensive to borrow. That will have a suppressive effect on the economy.

 

[g5000]

From your link:

Trump, who abruptly called off stimulus talks on Wednesday; earlier in the week incorrectly claimed Democrats were asking for $2.4 trillion in spending (the Heroes Act costs $2.2 trillion) and said he “made a very generous offer of $1.6 Trillion Dollars.”

Trump quickly backtracked later Wednesday, calling on Congress to approve spending on individual aspects of the bill, including another round of $1,200 checks to individuals, before returning to the table altogether on Friday.

He wanted to hand out more stimulus checks than the Democrats. You'll notice that was a month before the election. He was nakedly trying to buy votes.

Like I said. All our politicians care about is staying in power. Not the good of the country.

 

[g5000]

The Fed has already increased interest rates by 75 basis points this year. They may go as high as 300, if they have the balls to withstand the pressure not to.

 

[Meathead]

Trump quickly backtracked later Wednesday, calling on Congress to approve spending on individual aspects of the bill, including another round of $1,200 checks to individuals, before returning to the table altogether on Friday.

He wanted to hand out more stimulus checks than the Democrats.

You've lost this one. Move on.

 

[g5000]

If Congress had their hands on the printing press, there would be another $30 trillion sloshing around in our economy.

Hyperinflation.

But, hey, we'd be debt free!

 

[g5000]

You've lost this one. Move on.

Nope. Trump wanted to buy votes with another big stimulus check. Bigger than what the Dems wanted.

 

[Donald H]

The stock market isn't really the economy. Ben Bernanke made the grievous error of thinking it is. That was way outside his purview.

No, you're wrong and I'll explain to you the reason why you are wrong.
The stock market isn't the economy for working class Americans and so that's the reason why you're not understanding.
To working class Americans it just doesn't 'feel' like the economy is booming.

If the Fed raises interest rates, money will be more expensive to borrow. That will have a suppressive effect on the economy.

The war's boost to the economy will take care of any negative effects to the people. The economy is in great danger if the war isn't won.

Why do you people think powerful countries have wars?

 

[BrokeLoser]

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 each succeeding administration. It is as if every president is trying to beat the previous president's record.

Strangely enough, the Antichrist Bill Clinton turns out to be the most fiscally responsible president in the modern era. Bush added $5 trillion to the debt in eight years, Obama added $8 trillion in eight years, Trump added $8 trillion in four years, and it looks like Biden wants to add $12 trillion in four years.


But perhaps the greatest criminal enterprise since 2008 has been the Federal Reserve.

The Fed has been keeping interest rates near zero (ZIRP) for way too long. They enacted ZIRP to rescue the economy from the Great Recession. But once the economy began to recover, they did not discontinue the program. Even worse, they enacted QE1, then QE2, then QE3 and we have been under QE4ever since.

This has resulted in a massive increase in the money supply.


What's more, when you keep interests rates too low, you encourage high risk investments. If interests rates are low, the only decent returns you can get from an investment is to invest in high risk vehicles. Like, say, cryptocurrency. And corporate junk and near-junk bonds.


One definition of inflation is "too many dollars chasing too few goods".


Take a look at this chart of the M2 money supply:

M2

View data of a measure of the U.S. money supply that includes all components of M1 plus several less-liquid assets.

fred.stlouisfed.org

There are way too many dollars out there.

You may notice a sudden uptick in the chart at the beginning of 2020. That is because the Fed changed the definition of M1 (which is part of M2) in May 2020. The reasons for this are nefarious. I can go into that later.

Nevertheless, you can see with your own eyes there is too much money in our economy.



Back in the 2000 presidential campaign, Darth Cheney ominously stated, "Deficits don't matter." That may be true so long as our economy grows faster than our debt.

But look at this chart of debt-to-GDP:

Since the Great Recession, our debt has been growing much faster than our economy.

More in the next post.

Cool words bro….Meanwhile, you filthy America hating globalist Leftists continue to train and cultivate a government dependent society…you continue to beg millions of Mexico’s filth to invade and destroy our education, healthcare and social services….AND THEN you have the balls to post here and claim to be fiscally responsible. HOW AND THE FUCK can we maintain and sustain a civil first world society full of disgusting lowlife degenerates without spending the fuck out of money?
PULL YOUR HEAD FROM YOUR ASS AND STOP THE BULLSHIT NOW!