re: CPI numbers still hot inflation

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”

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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.

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Link?

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.

Exactly right, but everything is indeed

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pure fricking politics.

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So I’m confident they will do the exact wrong thing

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Commodities that fluctuate wildly are not currency comparisons

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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'

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My prediction of a fudge was wrong. Almost four years of Bidenflation.

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…and you are glad that inflation is still up….right?

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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.

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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.

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You know what gold futures were in July 2020? 1,810.

You know what gold futures were in October 2023? 1,840.

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Why did you cherry pick 2 dates?

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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.

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Wait until you find out about cryptocurrency

Trump bears some responsibility.