Trump, the Inflation president

[Winston]

With two trillion-dollar deficits, the prime rate should be in double digits easily. The fiat currency survived the cleansing around 1980 for a couple of years. This time around if that happened, perhaps not.

Yes, you have touched on something here. Trump's pressure on the Fed in his first term, to keep interest rates low, was a contributing factor to inflation. We are set to see that same mistake again. Interest rates are simply the cost of a dollar. When too many dollars are chasing too few goods it is time to increase the price of a dollar.

 

[struth]

Yes, you have touched on something here. Trump's pressure on the Fed in his first term, to keep interest rates low, was a contributing factor to inflation. We are set to see that same mistake again. Interest rates are simply the cost of a dollar. When too many dollars are chasing too few goods it is time to increase the price of a dollar.

Interest rates dropped due to inflation dropping during trumps first term

You raise interest rates when inflation is out of control, like what happened during the Biden admin

 

[Winston]

Haha no we don’t. In fact we had sanctions against them then

Wow

Wow is right.

Biden announces Russian oil import ban and warns gas prices could increase even more

President Biden described the move as a critical step to punishing Russian President Vladimir Putin for invading Ukraine, but said as a result, Americans should prepare for price hikes at the pump.

www.npr.org

U.S. Imports from Russia of Crude Oil and Petroleum Products (Thousand Barrels)

You let me know when you return to the real world with the rest of us.

 

[Winston]

Interest rates dropped due to inflation dropping during trumps first term

You raise interest rates when inflation is out of control, like what happened during the Biden admin

You look at the EIA link I posted. 26 million barrels in May of 2021. ZERO in May of 2022. Inflation peaked in June of 2022.

 

[August West]

hahah it wasn't Xiden's fault?? Who's fault was it?? He had been in office and his policies were in place....it was his second year in office, half way through it

Trump has no control over the Iranian's behavior.

Moreover, it's 3.3 percent....compare that to the four years of Xiden. ..he avg over four years 4.95 percent....that one month is still massively BELOW what Xiden avg over his four years

Who is xiden and how old are you son?

 

[struth]

Who is xiden and how old are you son?

I’m someone daughter, but nobody’s son…or was that term used to used as a derogatory slur?

Xiden was the former president of the United States

And you never ask a woman or age.

 

[struth]

You look at the EIA link I posted. 26 million barrels in May of 2021. ZERO in May of 2022. Inflation peaked in June of 2022.

What does that have to do with interest rates?

 

[struth]

Wow is right.

Biden announces Russian oil import ban and warns gas prices could increase even more

President Biden described the move as a critical step to punishing Russian President Vladimir Putin for invading Ukraine, but said as a result, Americans should prepare for price hikes at the pump.

www.npr.org

U.S. Imports from Russia of Crude Oil and Petroleum Products (Thousand Barrels)

You let me know when you return to the real world with the rest of us.

We do have a refining loophole where we still get some oil to refine. Even with the sanctions they have been in place since the Obama admin when Putin first invaded. It should be noted gas didn’t get five dollars a gallon then, or during trumps first and second term…because that has no impact on our gas prices

Most of our oil is produced here or imported from Canada and Mexico

With that said I am not saying xiden horrible foreign policies did not impact our economy