We made it through the “Great Recession”, so why not try another “Great Depression”? My mother told me stories of living through the first one and the survivors became our “Greatest Generation”. What’s that saying about “bad times make strong men”?
Yes, $6 trillion of "stimulus" printed by the Treasury at the direction of Congress and dumped into the economy will certainly have an inflationary effect.
If you have an ounce of gold, and it cost you $500, and the price rises to $1000, your gold has not gained value- it is still an ounce of gold. It now takes more money to get it, because the money is less valuable. However, the gold still has readily transferred value, globally. Which is why you should be buying it up, now.
It’s a good way to hedge your bet against runaway inflation.
There are a lot of problems with inflation. People on fixed or semi-fixed incomes can’t keep up and lose purchasing power. Even if you get increases in income they come after the raise in costs and you lose. Finally assets can fluctuate in value making market decisions harder. Who will benefit ? How about a government that pay back loans with cheapened dollars.
The Biden admin is clearly the worst in American history... You have to be a partisan far lefty to see it any other way... Sadly there are many on that side of the aisle
(1). Notice that when Republicans regained controlled of Congress in 1994 and 2010, the economy did quite well afterwards. I do not think that’s a coincidence. Republicans put some restraint (not enough I admit) on government spending. Government spending contributes to inflation.
2. Do not take financial, legal or scientific advice from the mainstream media. By following their advice one will miss out on good opportunities and even be adversely affected. Contra to what the mainstream media says, inflation is a serious economic problem.
Rising petroleum prices alone can cause inflation just due to petroleum being so vital to modern society. So much is manufactured and/or transported using petroleum products that a cascade of inflation can quickly develop. Even electing an anti-petroleum president like Beijing Biden can begin that sequence.
The Ruling Cabal are basically in the middle of burning it all down in a desperate over-reaction to what they see as wilful stubborn resistance of the Citizenry to their ever more bizarre demands. Powerful confident Elites do not need to fortify elections or scream hysterically about how a minor riot is actually an insurrection or claim that not agreeing to their legislative agenda makes you a racist and or the biggest threat to the state since the Civil War
We made it through the “Great Recession”, so why not try another “Great Depression”? My mother told me stories of living through the first one and the survivors became our “Greatest Generation”. What’s that saying about “bad times make strong men”?
Yes, $6 trillion of "stimulus" printed by the Treasury at the direction of Congress and dumped into the economy will certainly have an inflationary effect.
When will people wake up and realize that the power of the purse is possessed by Congress not the President?
um, yup. master of the obvious. at least to normal thinking folks.
I wonder if those who are just the "greedy corrupt"
if they even realize that this is how you destroy the US from within?
I know a lot of the Traitors know this , its a sound plan to bring Surfs to their knees,
but do they realize what it will do to the rest of the world?
a world that since WW2 has been sucking off the US wealth ,
their Socialists' Utopias cant exist without the US Generating the wealth for the rest of the world.
maybe they do know?
Gold & silver.
If you have an ounce of gold, and it cost you $500, and the price rises to $1000, your gold has not gained value- it is still an ounce of gold. It now takes more money to get it, because the money is less valuable. However, the gold still has readily transferred value, globally. Which is why you should be buying it up, now.
It’s a good way to hedge your bet against runaway inflation.
There are a lot of problems with inflation. People on fixed or semi-fixed incomes can’t keep up and lose purchasing power. Even if you get increases in income they come after the raise in costs and you lose. Finally assets can fluctuate in value making market decisions harder. Who will benefit ? How about a government that pay back loans with cheapened dollars.
The Biden admin is clearly the worst in American history... You have to be a partisan far lefty to see it any other way... Sadly there are many on that side of the aisle
The elites think they are more intelligent than us ordinary everyday folk.
Let's prove them wrong!
(1). Notice that when Republicans regained controlled of Congress in 1994 and 2010, the economy did quite well afterwards. I do not think that’s a coincidence. Republicans put some restraint (not enough I admit) on government spending. Government spending contributes to inflation.
2. Do not take financial, legal or scientific advice from the mainstream media. By following their advice one will miss out on good opportunities and even be adversely affected. Contra to what the mainstream media says, inflation is a serious economic problem.
This is just one of the many many examples of the msm heavily protecting Biden with their biased reporting
Rising petroleum prices alone can cause inflation just due to petroleum being so vital to modern society. So much is manufactured and/or transported using petroleum products that a cascade of inflation can quickly develop. Even electing an anti-petroleum president like Beijing Biden can begin that sequence.
The Ruling Cabal are basically in the middle of burning it all down in a desperate over-reaction to what they see as wilful stubborn resistance of the Citizenry to their ever more bizarre demands. Powerful confident Elites do not need to fortify elections or scream hysterically about how a minor riot is actually an insurrection or claim that not agreeing to their legislative agenda makes you a racist and or the biggest threat to the state since the Civil War