Winners only.

[SlugButter]

It was probably Putin. He came over and printed money in our federal reserve to cause inflation. He was in there for weeks bathing in American 100s…..

 

[RobGMN Premium Member]

Just part of it:

AP News -

"THE FACTS: Biden sidesteps reality. Government spending has been a clear factor behind rising consumer prices, though it’s not the only one.

Biden last year signed a $1.9 trillion coronavirus relief package known as the American Rescue Plan — and many economists say that caused inflation to run higher than it otherwise would. There are multiple sources for inflation including global supply chain issues, the pandemic, stimulus from the Federal Reserve and, now, the Russian war in Ukraine.

But the problem is that Biden pumped more money into the economy than it could handle. Administration officials said before the relief package was passed that the greater risk was do too little to help the economy than to do too much. The implicit risk was inflation, though the tradeoff was faster hiring and stronger growth. Biden got all three: the hiring, the growth and the inflation."

"the greater risk was do too little to help the economy than to do too much. The implicit risk was inflation, though the tradeoff was faster hiring and stronger growth. Biden got all three: the hiring, the growth and the inflation."
So, Biden didn't CAUSE inflation. The administration made a move that was considered the least risk for the most reward. The risk was making inflation "run higher than it otherwise would".
Inflation always occurs coming out of recession. (Coming out of recession is a good thing, BTW.)

So, you think Biden screwed the pooch by taking the less risky route to help the US economy? Even though it worked?
Would we have been better with slower hiring and weaker growth?

 

[Buck 5,000+ posts]

"the greater risk was do too little to help the economy than to do too much. The implicit risk was inflation, though the tradeoff was faster hiring and stronger growth. Biden got all three: the hiring, the growth and the inflation."
So, Biden didn't CAUSE inflation. The administration made a move that was considered the least risk for the most reward. The risk was making inflation "run higher than it otherwise would".
Inflation always occurs coming out of recession. (Coming out of recession is a good thing, BTW.)

So, you think Biden screwed the pooch by taking the less risky route to help the US economy? Even though it worked?

 

[SlugButter]

"the greater risk was do too little to help the economy than to do too much. The implicit risk was inflation, though the tradeoff was faster hiring and stronger growth. Biden got all three: the hiring, the growth and the inflation."
So, Biden didn't CAUSE inflation. The administration made a move that was considered the least risk for the most reward. The risk was making inflation "run higher than it otherwise would".
Inflation always occurs coming out of recession. (Coming out of recession is a good thing, BTW.)

So, you think Biden screwed the pooch by taking the less risky route to help the US economy? Even though it worked?

Well, it hasn’t actually worked yet. This is correct though. If we go the whole year without the fed raising interest rates it will work. If the interest rates rise, we are headed for recession.

 

[Buck 5,000+ posts]

They intentionally shut our economy down and are intentionally collapsing our nation by printing money to move us into digital blockchain currencies by force. They are crashing the dollar on purpose, like what’s everybody not understanding?

 

[Buck 5,000+ posts]

The federal government hates you! Wake up!

 

[SlugButter]

They intentionally shut our economy down and are intentionally collapsing our nation by printing money to move us into digital blockchain currencies by force. They’re are crashing the dollar on purpose, like what’s everybody not understanding?

Who is they? China?

 

[RobGMN Premium Member]

Trump and Biden both caused this inflation, which happens naturally as population rises, but when we over print money to lock down for Covid and spend trillions on Government programs it’s fairly obvious what caused it.

Yep. The biggest jump in the money supply in HISTORY occurred under Trump, from 2020-2021.
We've seen a decline between January and March of this year.

 

[RobGMN Premium Member]

The federal government hates you! Wake up!

Of course they do. If they kill you, then they get no more of your money.
Like a drug dealer killing the user on purpose.
Good logic, there.

 

[Buck 5,000+ posts]

Who is they? China?

No, your federal gov and all the corporations. The digital blockchain is about creating a social credit score tied to your ability to purchase, plus it’s furthering the digitization of the human race. It’s all ran by the UN - United Nazis.

 

[SlugButter]

Of course they do. If they kill you, then they get no more of your money.
Like a drug dealer killing the user on purpose.
Good logic, there.

You trust them too much and Buck doesn’t trust them at all. Do you think that only Republicans are corrupt? The lack of holding our own politicians to account is why I’m not a democrat and no longer vote. We can’t call out our own side for their BS and we now have an absolutely pathetic legislature that has free reign to enrich themselves and their families without consequence. Does the fact that Nancy Pelosi and her husband game the stock market not bother you? Trump sucks but he is not the one representing you. You vote democrat. I really just don’t fvcking get it.

 

[metalheadjoe 10+ year member]

It was probably Putin. He came over and printed money in our federal reserve to cause inflation. He was in there for weeks bathing in American 100s…..

Scrooge McDuck style?

 

[SlugButter]

Scrooge McDuck style?

Hell yeah.

 

[RobGMN Premium Member]

You trust them too much and Buck doesn’t trust them at all. Do you think that only Republicans are corrupt? The lack of holding our own politicians to account is why I’m not a democrat and no longer vote. We can’t call out our own side for their BS and we now have an absolutely pathetic legislature that has free reign to enrich themselves and their families without consequence. Does the fact that Nancy Pelosi and her husband game the stock market not bother you? Trump ***** but he is not the one representing you. You vote democrat. I really just don’t fvcking get it.

I trust numbers and proofs and facts.

Pelosi is legally required to disclose her trades. If she is making illegal trades, do you suppose the SEC might have something to say about it?
I'm interested in the legislature having this "free reign to enrich themselves" "without consequence". Does this mean they are making money illegally, or that they should pay a consequence for getting wealth legally?

Whoever is in office is supposed to represent me.
When I am better off financially, I am being represented better. I am better off financially now than i was in 2017-2020. That means I am being represented better. Money does not have a political party. It does not have feelings. It does not care.

 

[SlugButter]

I trust numbers and proofs and facts.

Pelosi is legally required to disclose her trades. If she is making illegal trades, do you suppose the SEC might have something to say about it?
I'm interested in the legislature having this "free reign to enrich themselves" "without consequence". Does this mean they are making money illegally, or that they should pay a consequence for getting wealth legally?

Whoever is in office is supposed to represent me.
When I am better off financially, I am being represented better. I am better off financially now than i was in 2017-2020. That means I am being represented better. Money does not have a political party. It does not have feelings. It does not care.

This is why our country is going to fail Rob. You can try to look up Pelosis son and the 5 business he was on the board of being investigated by the SEC, and miraculously one of Pelosis old staffers is not going to run the SEC now. Think anyone can google facts and find out anything about that? Impossible if investigations never even happen. Or how about Ole Mitch McDonalds kid? Hunter Biden received all those high paying board seats and jobs because he was the most qualified person? Rick Perry’s friend who owned a tiny electric company which suddenly sprung to 100s of people and received multi-million dollar contracts in Haiti to snag some US hurricane relief dollars? Did they help Haitians? Did hunter provide Ukrainians with better electricity? Are relations in China worth overlooking the Biden family’s financial gains over there? The world sees us as crooks and thieves, and they’re right. You go ahead and support that crap sport. I’m out.