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Message
re: Forbes sounding the alarm, headed towards a cliff
Posted on 5/11/21 at 7:47 am to kywildcatfanone
Posted on 5/11/21 at 7:47 am to kywildcatfanone
imagine still thinking this is a red vs blue issue is in 2021.
2
Posted on 5/11/21 at 7:50 am to slackster
quote:
As opposed to republicans who think you can print money at will and then not tax people
exactly. Is biden spending at crazy levels? yes but so did trump the last year in office. Trump didnt really cut any spending the first 3 years but atleast he didnt go crazy and had a pretty bad arse foreign policy, nobody can deny that.
But that last year in office was nuts. This all stems from the media though.Everytime a disaster hits they scream the government has to do something. Trump eventually caved to this and eventually embraced it. But this desire to do something, no matter if its the right thing to do or not, has gotten us to where we are today.
Not holding true to principles has made the republican party no better than dems on spending.
Best advice I can give people is be smart, do not be risky, and buy crypto.
Posted on 5/11/21 at 7:58 am to lsu777
quote:
exactly. Is biden spending at crazy levels? yes but so did trump the last year in office. Trump didnt really cut any spending the first 3 years but atleast he didnt go crazy and had a pretty bad arse foreign policy, nobody can deny that.
But that last year in office was nuts. This all stems from the media though.Everytime a disaster hits they scream the government has to do something. Trump eventually caved to this and eventually embraced it. But this desire to do something, no matter if its the right thing to do or not, has gotten us to where we are today.
Not holding true to principles has made the republican party no better than dems on spending.
Best advice I can give people is be smart, do not be risky, and buy crypto.
Don’t forget Trump also violated the Fed’s supposed independence and pressured Powell to lower rates again (i.e. the Powell Pivot). The debt has only spiraled higher since then. I’ve said it before and I’ll say it again, higher interest rates are the medicine we need. While that will be painful, it won’t be as painful as economic collapse.
This post was edited on 5/11/21 at 8:00 am
Posted on 5/11/21 at 7:59 am to rocket31
quote:
imagine still thinking this is a red vs blue issue is in 2021.
Politics have rotted peoples brains
Posted on 5/11/21 at 8:17 am to kywildcatfanone
And taxes don't go to the govt. that you think of, taxes go to the Fed. Your govt. gets ALL their money from the Federal Reserve that is NOT Federal and has NO reserves. It's ALL conjured up out of thin air but there is a catch to it all. They need borrowers on the other side of the ledger to make it real. Hence all the spending bills and helicopter drops to keep the ponzi going.
Posted on 5/11/21 at 8:25 am to I Bleed Garnet
quote:
This country is in the start of levels that will make the Great Depression look like a thriving time
This is ridiculous hyperbole. While I think we are headed for a correction or downturn I don't think we are headed to anything like the Great Depression.
Posted on 5/11/21 at 8:36 am to Hussss
quote:
It's ALL conjured up out of thin air but there is a catch to it all. They need borrowers on the other side of the ledger to make it real.
That’s pretty damn accurate, Hussss. Kudos to you for bringing nuance to the conversation.
Posted on 5/11/21 at 8:56 am to ronricks
quote:
While I think we are headed for a correction or downturn I don't think we are headed to anything like the Great Depression.
We’re currently seeing record unemployment, inflation, money printing, supply shortages, and unrest around the world.
This is going to get much much worse before it gets better.
Posted on 5/11/21 at 9:04 am to Nguyener
Supply chain disruptions (started with the China tariffs) and supply shortages are just another trick by the Fed and their cronies to get prices up and inflation ignited as the deflationary forces they are battling due to demographics and technology is larger than anyone can comprehend as crazy as this sounds. Think of one big non stop global margin call to keep the debt issued ponzi going.
Posted on 5/11/21 at 9:04 am to Strannix
Read a little historical study on Seeking Alpha that noted that inflation tends to lag 6 months to a year behind the spending binges.
Posted on 5/11/21 at 9:09 am to meansonny
quote:
The poorest are effected the most by these theories.
Inflation is essentially a regressive tax.
Posted on 5/11/21 at 9:13 am to Nguyener
quote:
This is going to get much much worse before it gets better.
But worse than the Great Depression?
Posted on 5/11/21 at 9:15 am to ronricks
quote:
While I think we are headed for a correction or downturn I don't think we are headed to anything like the Great Depression.
Coming out of a year of pandemic lockdown insanity certainly will have a lot of up-side if the demprogs don't drive us into a ditch.
Posted on 5/11/21 at 9:20 am to ronricks
I obviously don't think so either bc that seems dramatic but I read "when money dies" last week and the citizens of Weimar didn't think their money would become worthless overnight. then it did. they all thought they were getting rich before it happened too.
Posted on 5/11/21 at 9:22 am to ronricks
quote:
But worse than the Great Depression?
If you took out the government paternalism it would have been worse. I believe the drop in GDP and the unemployment shock was the worst we have on record. Granted it was all driven by government fiat (no pun intended).
Posted on 5/11/21 at 9:23 am to ronricks
quote:
But worse than the Great Depression?
I don’t know. I hope not. But That generation understood hardship and war and family and perseverance and they pulled through.
Current society is so full of narcissistic, emotional, irrational Children with absolutely no idea of hardship or pain that even if it starts off less intense than the GD I could see it rapidly spiraling out of control. And our government is so overbloated and pathetic they’ll jam that accelerator hard instead of trying to slow it down.
Posted on 5/11/21 at 9:37 am to rocket31
quote:
imagine still thinking this is a red vs blue issue is in 2021.
its mind blowing. Imagine in 2021 that there are people who still think that there really a red and a blue side
Imagine thinking that ine side is fiscally conservative and the other is not Imagine believing that congress isnt like the WWE and just stealing our money (other than maybe a dozen or so)
Posted on 5/11/21 at 9:47 am to Strannix
biden and the whore know what they are doing don’t pretend this is by mistake or ignorance
Posted on 5/11/21 at 9:53 am to ninthward
Sorry to inform you but you are looking in the wrong direction.
Green New Deal is ALL about CONTROL and issuing another ponzi revolution and it is NOT dreamed up by ANY politicians.
It’s a freak show and most of these politicians are nothing more than theatrical freaks. Nothing more, nothing less.
The Fed needs to issue endless debt to keep the ponzi going and to remain in total control. So killing whatever they have to, to remain in total control is exactly what they have done and will continue to do. NOBODY can EVER convince me that they (the money changers @ global central banks) were not the engineers of the pandemic (real or not). How convenient for THEM.
Green New Deal is ALL about CONTROL and issuing another ponzi revolution and it is NOT dreamed up by ANY politicians.
It’s a freak show and most of these politicians are nothing more than theatrical freaks. Nothing more, nothing less.
The Fed needs to issue endless debt to keep the ponzi going and to remain in total control. So killing whatever they have to, to remain in total control is exactly what they have done and will continue to do. NOBODY can EVER convince me that they (the money changers @ global central banks) were not the engineers of the pandemic (real or not). How convenient for THEM.
This post was edited on 5/11/21 at 10:16 am
Posted on 5/11/21 at 10:36 am to ninthward
quote:
biden and the whore know what they are doing don’t pretend this is by mistake or ignorance
They are clueless especially JB. He's a robot at this point. The other people pulling the stings want to crash the economy and crush small business. It will be the final nail in the coffin for some. They want to create a reliance on the government.
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