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Posted on 4/10/24 at 8:28 am to LSUnation78
I’m talking about economic collapse, and wasting money in Ukraine simply because it’s an election year and politicians need the kickbacks.
Before every dollar spent, politicians should formally admit that “we’re broke”
Before every dollar spent, politicians should formally admit that “we’re broke”
Posted on 4/10/24 at 8:28 am to Ten Bears
And some think its insignificant if a mass murderer kills another person or two right?
Any funding or budget item should be scrutinized, rather than its social security its social security......meanwhile the backdoor is wide open for trillions in build back better, covid, MIC, state dept spending ad nauseum.
Any funding or budget item should be scrutinized, rather than its social security its social security......meanwhile the backdoor is wide open for trillions in build back better, covid, MIC, state dept spending ad nauseum.
Posted on 4/10/24 at 8:29 am to Ten Bears
quote:
Easy now. There are some in here that think that we could pay down our debt and fund Social Security if we just cut Ukraine funding.
Link?
Posted on 4/10/24 at 8:33 am to LSUnation78
quote:
We racked up 30 trillion in debt before ukraine became a charity case.
This!
Running up a $36 trillion dollar debt was a BIPARTISAN effort.
Our politicians are doing nothing to fix this problem.
Posted on 4/10/24 at 8:33 am to Ten Bears
Any funding or budget item should be scrutinized, rather than its social security its social security......meanwhile the backdoor is wide open for trillions in build back better, covid, MIC, state dept spending ad nauseum.
We are spending far more than budgeted, which means printing money artificially to dump in the market, thats not enough so we lowered interest rates, thats not enough so we "invented" quantitative easing.
Now that we are thoroughly addicted, we have few levers to lower the inflation and we keep going back to the fix with less and less impact. Hence this "pesky" semi permanent inflation, unless we drastically reduce the money supply and get ready for some stagflation Japanese style.
Posted on 4/10/24 at 8:35 am to Padme
If the Fed lowers rates before the election, it's pure fricking politics.
If anything, they should bump them another quarter point.
If anything, they should bump them another quarter point.
Posted on 4/10/24 at 8:38 am to udtiger
Exactly right, but everything is indeed
So I’m confident they will do the exact wrong thing
quote:
pure fricking politics.
So I’m confident they will do the exact wrong thing
Posted on 4/10/24 at 8:39 am to Padme
Dow down close to 500 at the bell.
Could be one of those bloodbaths the left loves to talk about so much.
Could be one of those bloodbaths the left loves to talk about so much.
Posted on 4/10/24 at 8:40 am to SlowFlowPro
quote:
Commodities that fluctuate wildly are not currency comparisons
That explains why the US keeps minting those gold and silver coins, and why COSTCO sees 200 million US Dollars exchanged for those coins every month.
The reality is that it's the US dollar that's fluctuating wildly. A one ounce gold coin bought the best suit in the store in New York in 1924, and that same coin buys the best suit in the store in New York 100 years later. To me, that doesn't look like 'fluctuating wildly'
Posted on 4/10/24 at 8:41 am to Padme
quote:
My prediction of a fudge was wrong. Almost four years of Bidenflation.
…and you are glad that inflation is still up….right?
Posted on 4/10/24 at 8:42 am to Padme
quote:
Just now, after 3 1/2 years
Just look at how long it took for 2020 printing to really hit us. That ramped up 2-ish years later in 2022.
Inflation is a lagging indicator.
This post was edited on 4/10/24 at 8:43 am
Posted on 4/10/24 at 8:43 am to LSUnation78
quote:
Yall are so easily distracted by the current shiny thing.
We racked up 30 trillion in debt before ukraine became a charity case. The amount we’ve sent Ukraine in money and material is wholly insignificant in comparison to our annual deficit.
Correct.
Citing Ukraine money as a concern for our debt/inflation shows that person is being irrationally partisan and not serious about the topic.
What we've sent Ukraine in dollars is less than 1 month of Social Security spending.
Posted on 4/10/24 at 8:46 am to CleverUserName
quote:
You know what gold futures were in July 2020? 1,810.
You know what gold futures were in October 2023? 1,840.
Why did you cherry pick 2 dates?
Posted on 4/10/24 at 8:47 am to Ten Bears
There are some in here that think that this is 1999 and we only need well spoken politicians.
Posted on 4/10/24 at 8:48 am to OccamsStubble
quote:
That explains why the US keeps minting those gold and silver coins, and why COSTCO sees 200 million US Dollars exchanged for those coins every month.
Wait until you find out about cryptocurrency
Posted on 4/10/24 at 8:48 am to Born2rock
quote:
you are glad that inflation is still up….right?
Posted on 4/10/24 at 8:57 am to Padme
Trump bears some responsibility.
Posted on 4/10/24 at 8:58 am to CleverUserName
quote:
Since 2000 the US Dollar index has fluctuated more than gold has BTW.
She always tries to act like she knows more than everyone else
Just a rodeo clown.
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