Twitter founder warns 'hyperinflation' will strike in America soon

[Fort Fun Indiana]

Amazingly prescient

Victormarx This video filmed in 1969 will shock you

Victormarx This video filmed in 1969 will shock you at how relevant and effectively exposes what certain groups are trying again to do. Will you as a American and Christian allow it to happen? #victormarx #blm #usa #christian #standup

newtube.app

This was recorded in 1969...it was reality then, but now the socialist/communist movement has moved so far down the road we are on the verge of losing our Democracy. How prescient was that speaker, 52 years ago!!!

Comment:
We are seeing this occur daily under the rerign of Joey Xi and his sycophant Progressive Marxist/DSA Democrat co-conspirators.
The People's election of Trump in 2017 forced this escalation of PM/DSA Democrat Commie attacks on us. There was no way they could take another 4 years of him exposing and mocking them and have any hope of success in any near time frame.
We see their actions daily as Bai Dung forces Americans to vaccinate whether or not they choose to. The teaching of CRT to our children in schools and the acceptance of transgenderism in our schools and society.

That's a lot of embarrassing crazy packed into one post.

 

[Fort Fun Indiana]

Inflation is being caused by the pandemic fiscal stimulus and the Federal Reserve buying $120 billion of bonds every month.

Trump signed two stimulus bills adding up to $3 trillion of stimulus. Biden signed a bill adding $1.9 trillion more.

The Fed is buying $80 billion of Treasury securities and $40 billion of mortgage backed bonds every month.

The Fed's balance sheet has nearly doubled since the start of the pandemic.

All that cash infused into the economy is what is driving inflation.

Correct. Every fiscal and monetary move is a calculated trade off. The Fed calculated that a temporary period of inflation was not as bad as a crippling recession.

But frankly, we should be a bit worried for the future. The Fed sat on its thumbs and didn't raise rates after we recovered from the last recession, because of the slow job recovery. And another potential recession came along, as they always do.

So the Fed is pretty much out of tools in its toolbox. The correct move after recovery would be to raise taxes and raise rates.

But we are the country of stupid, now.

 

[progressive hunter]

It's almost as if you were wishing for hyperinflation so you could blame Biden.

What we are experiencing is nowhere near hyperinflation. Not even close. And there isn't an economist on the planet that would say it is.

Twitter boi does not know what hyperinflation is, but he is an expert at hyperbole.

not at all,, actually hoping against it,, in fact I challenge you to show where I have said anything about it??

but you cant deny that prices have gone up dramatically and hurting a lot of people including me and mine,,

 

[g5000]

not at all,, actually hoping against it,, in fact I challenge you to show where I have said anything about it??

but you cant deny that prices have gone up dramatically and hurting a lot of people including me and mine,,

Prices have gone up because of supply chain problems, record demand, and the Fed and our government printing money like it was free.

These chickens are coming home to roost now.

The people with their hands on the economic levers have been printing money and rescuing failed big business for decades now because we Americans refuse to tolerate even the slightest pain. We have demanded these practices.

But that can only go on for so long before it all comes crashing down.

 

[g5000]

Our debts are so massive now, we will be lucking to see 1 percent GDP growth for at least the next ten years.

Bush, Obama, Trump, and Biden have artificially goosed GDP with astronomical government overspending.

 

[progressive hunter]

Prices have gone up because of supply chain problems, record demand, and the Fed and our government printing money like it was free.

These chickens are coming home to roost now.

The people with their hands on the economic levers have been printing money and rescuing failed big business for decades now because we Americans refuse to tolerate even the slightest pain. We have demanded these practices.

But that can only go on for so long before it all comes crashing down.

and hence my concern,,

 

[g5000]

and hence my concern,,

I've been worried about it for a very long time.

The Fed's Bond Bubble Doomsday Machine

When you buy a bond, you are making a loan to the issuer. That bond is money owed to the buyer, making it an asset. When the Federal Reserve buys a US Treasury bill, note, or bond, it is making a loan to the federal government because the federal government has appropriated more spending than...

www.usmessageboard.com

 

[progressive hunter]

I've been worried about it for a very long time.

The Fed's Bond Bubble Doomsday Machine

When you buy a bond, you are making a loan to the issuer. That bond is money owed to the buyer, making it an asset. When the Federal Reserve buys a US Treasury bill, note, or bond, it is making a loan to the federal government because the federal government has appropriated more spending than...

www.usmessageboard.com

so have I annd why I have been trying to warn people against dems and repubes for 35 yrs,,,

 

[g5000]

so have I annd why I have been trying to warn people against dems and repubes for 35 yrs,,,

It would actually be very simple to balance the budget, pay off the debt, and lower tax rates for everyone.

But we won't allow our politicians to do what needs to be done. Everyone in America has their hand out.

"Gimme gimme gimme, and make that guy over there pay for it."

 

[Fort Fun Indiana]

Our debts are so massive now, we will be lucking to see 1 percent GDP growth for at least the next ten years.

A smarter society might understand that raising taxes and using our government to create projects that invest in our economy would help that GDP growth.

I know "big government" isn't your thing. But there are reasons we had explosive growth in the mid 80s. And one of them was using our government as a tool to invest in the economy while creating jobs. Reagan wasn't exactly a Rhodes Scholar. But he was surrounded by geniuses who knew what would result, economically, when the government was greatly expanded over a short period of time. So I am talking about bigGER government, in a way. Not infinite. Not forever. Measured, directed projects for all manner of infrastructure. Health, energy, education, ...

If only there were people in our government today who have sought good advice on this and think we should prepare for the next few decades with strong infrastructure investment... hmm...

 

[progressive hunter]

It would actually be very simple to balance the budget, pay off the debt, and lower tax rates for everyone.

But we won't allow our politicians to do what needs to be done. Everyone in America has their hand out.

"Gimme gimme gimme, and make that guy over there pay for it."

we wont allow them?? now thats some funny shit right there,,

 

[g5000]

A smarter society might understand that raising taxes and using our government to create projects that invest in our economy would help that GDP growth.

I know "big government" isn't your thing. But there are reasons we had explosive growth in the mid 80s. And one of them was using our government as a tool to invest in the economy while creating jobs. Reagan wasn't exactly a Rhodes Scholar. But he was surrounded by geniuses who knew what would result, economically, when the government was greatly expanded over a short period of time. So I am talking about bigGER government, in a way. Not infinite. Not forever. Measured, directed projects for all manner of infrastructure. Health, energy, education, ...

If only there were people in our government today who have sought good advice on this and think we should prepare for the next few decades with strong infrastructure investment... hmm...

No government ever voluntarily reduces itself in size. Government programs, once launched, never disappear. Actually, a government bureau is the nearest thing to eternal life we'll ever see on this earth! - Ronald Reagan

 

[g5000]

we wont allow them?? now thats some funny shit right there,,

That's right. We won't allow them. You should see the welfare queens scream whenever I say we need to ban all tax expenditures, with the possible exception of the EITC.

That alone would reduce our debt load by $1.4 trillion a year.

And we also need to raise the Social Security and Medicare eligibility age to 70, indexed to 9 percent of the population going foward.

We are living longer than our ancestors who created those programs, we should be working longer.

 

[progressive hunter]

That's right. We won't allow them. You should see the welfare queens scream whenever I say we need to ban all tax expenditures, with the possible exception of the EITC.

That alone would reduce our debt load by $1.4 trillion a year.

And we also need to raise the Social Security and Medicare eligibility age to 70, indexed to 9 percent of the population going foward.

We are living longer than our ancestors who created those programs, we should be working longer.

thats not WE,, thats them,, and the poli's eat it up for votes,,

 

[Harpy Eagle]

Oil production was slashed because demand plummeted during the pandemic. The price of oil actually went negative for a while.

US oil prices turn negative as demand dries up

Coronavirus downturn has put major pressure on oil prices with demand slumping and storage running out.

www.bbc.com

Yes, I am aware. It seemed a good idea at the time, but it is far easier to stop production than to restart it. Do you think the extra 20% from the US plus what NATO cut would help gas prices right now

 

[Fort Fun Indiana]

Government programs, once launched, never disappear.

(pay no attention while I greatly expand government and while I roll back or end a bunch of social programs)

Reagan was very skilled at the soundbite. And at doing the opposite, while the people were cheering.

 

[Fort Fun Indiana]

No government ever voluntarily reduces itself in size. Government programs, once launched, never disappear. Actually, a government bureau is the nearest thing to eternal life we'll ever see on this earth! - Ronald Reagan

So, riddle me this. A series of facts. Entertain me.

Our spending to GDP is right about in the middle, for first world countries. Our tax revenue to GDP is rock bottom, in that same list. Our national debt is outrageous.

Coincidence? I mean, I brought my abacus, if anyone needs it...

 

[Resnic]

When even idiots are getting more money then the swing is that companies will start charging more because they have to pay idiots non idiot wages, and they know idiots have more money to spend so they will charge more.

Shortages will cause panic buying which will drive sales further cementing companies desire to make money.

It's all one cluster **** that will just keep repeating itself unless it's out under control.

All these kids making more money for nothing will soon realize their new found wealth isn't worth as much and then demand even more money.

 

[OldFlame]

The definition of "hyperinflation" is inflation increasing at 50% per month for an extended period.

Here in America, words no longer have meaning. Just toss out the craziest shit you can conjure.

You mean like ‘insurrection’?

 

[Fort Fun Indiana]

You mean like ‘insurrection’?

Do you mean, in the English language?:

"a violent uprising against an authority or government."

Or, by law?

18 U.S. Code § 2383 - Rebellion or insurrection​

"Whoever incites, sets on foot, assists, or engages in any rebellion or insurrection against the authority of the United States or the laws thereof, or gives aid or comfort thereto, shall be fined under this title or imprisoned not more than ten years, or both; and shall be incapable of holding any office under the United States."

13 §253. Interference with State and Federal law​

The President, by using the militia or the armed forces, or both, or by any other means, shall take such measures as he considers necessary to suppress, in a State, any insurrection, domestic violence, unlawful combination, or conspiracy, if it—

(1) so hinders the execution of the laws of that State, and of the United States within the State, that any part or class of its people is deprived of a right, privilege, immunity, or protection named in the Constitution and secured by law, and the constituted authorities of that State are unable, fail, or refuse to protect that right, privilege, or immunity, or to give that protection; or

(2) opposes or obstructs the execution of the laws of the United States or impedes the course of justice under those laws.