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re: Inflation is purposeful and is designed to destroy the US Dollar.
Posted on 2/11/22 at 2:39 pm to Swazla
Posted on 2/11/22 at 2:39 pm to Swazla
quote:Or maybe it's catching up after 10-15 years of essentially no inflation?
Inflation is purposeful and is designed to destroy the US Dollar.
Our federal budget is Income $4.174B in revenues and expenses of $6.011B for a deficit of $1.837.
Our Current us Debt is over $30 Trillion. For perspective, the U.S. national debt exceeded $22 trillion on Feb. 11, 2019. That's more than triple the nearly $6 trillion debt in 2000. As of December 2021, U.S. national debt exceeded $29 trillion.
Inflation is rampart and is driven by manufactured conditions by this administration. Energy prices are involved in production and shipping of all goods and services. Many workers are being paid to stay home.]
This created our current situation of too many dollars (many are borrowed by the Fed) chasing too few goods.
0
Posted on 2/11/22 at 2:40 pm to UncleFestersLegs
quote:
Before the U.S., only five powers had enjoyed the coveted “reserve currency” status, going back to the mid-1400s: Portugal, then Spain, the Netherlands, France and Britain. Those reigns lasted 94 years on average. At the start of 2020, the dollar’s run had endured 100 years.
Posted on 2/11/22 at 2:44 pm to Swazla
Most people are completely unaware of the insidious nature of the fiat monetary system that’s used to steal their wealth. The only people who prosper from this fiat monetary system in good times and bad times are the well connected/wealthy. They are the first to feed at the money trough.
Posted on 2/11/22 at 2:47 pm to Bass Tiger
quote:So you're saying the non-well-connected/wealthy are WORSE off now?
Most people are completely unaware of the insidious nature of the fiat monetary system that’s used to steal their wealth. The only people who prosper from this fiat monetary system in good times and bad times are the well connected/wealthy. They are the first to feed at the money trough.
Posted on 2/11/22 at 2:48 pm to Dawgfanman
quote:
Most of it owed to us..we’ve been borrowing against our children’s future for 40 years
Too many have been exporting our children's future in exchange for cheap labor.
Posted on 2/11/22 at 2:48 pm to Swazla
quote:
I hate to say it but interest rates will have to be raised
There are several things that the Xiden administration can do.
Lift the EO regulations on drilling and pipelines.
Fast track building new nuclear plants.
Lower taxes.
Stop paying people not to work.
Stop all new spending.
Posted on 2/11/22 at 2:52 pm to SantaFe
Monetary policy isn't the only driver. It isn't why dealers are charging $5k over original sticker for USED vehicles. Raising rates won't put food back on the shelves
Posted on 2/11/22 at 2:56 pm to sawtooth
quote:
Eliminate the IRS and use a flat tax system. That’s a start.
hi mr billionaire.
no. increase irs staff and go after the rich cheats.
Posted on 2/11/22 at 3:02 pm to Swazla
quote:
Without rapid major changes the US dollar, our freedoms and our abilities to provide for ourselves and families will be greatly damaged.
We've been trying to tell yall this for years. fricking Rs and Ds are killing this country through their reckless spending.
Posted on 2/11/22 at 3:06 pm to Big Scrub TX
quote:
Most people are completely unaware of the insidious nature of the fiat monetary system that’s used to steal their wealth. The only people who prosper from this fiat monetary system in good times and bad times are the well connected/wealthy. They are the first to feed at the money trough.
So you're saying the non-well-connected/wealthy are WORSE off now?
No, the well connected (real estate investment companies) took ZIRP money directly after the Financial meltdown of 2008/2009 and began purchasing distressed properties for $.50 on the dollar in many markets across America and it’s continued even today. It’s estimated 20% of residential properties have been purchased by these real estate investment companies using cheap money which has helped to drive up housing costs. Street level Americans who are living paycheck to paycheck can’t cash in on this cheap money like many wealthy Americans can or like corporations can. As a matter of fact the monetary policies of the past 12 years has crushed retirees who thought their money market and interest bearing investments would be a safe haven for their decades of prudent saving.
Posted on 2/11/22 at 3:36 pm to Caraway Rye
quote:
It cant be destroyed because the world will fall apart.
Why can’t the world fall apart?
Posted on 2/11/22 at 3:42 pm to Swazla
Is there a seven-headed red dragon in the east somewhere?
Posted on 2/11/22 at 3:43 pm to sawtooth
quote:That's what I say. Unfortunately, not only the IRS goes away but a whole industry of tax preparers would go away.
Eliminate the IRS and use a flat tax system. That’s a start.
Posted on 2/11/22 at 4:09 pm to Diamondawg
quote:
a whole industry of tax preparers would go away.
There used to be people that made wagon wheels. They will find another line of work.
This post was edited on 2/11/22 at 5:36 pm
Posted on 2/11/22 at 4:11 pm to sawtooth
A flat tax with a floor and no exemptions would make it more difficult for the wealthy to hide income but I feel they would somehow find a way. It would be much better and cheaper than the current dumpster fire that is rampant with abuse
This post was edited on 2/11/22 at 4:12 pm
Posted on 2/11/22 at 4:16 pm to Swazla
You're talking about balance sheet debt, too. The "real" debt (balance sheet plus unfunded mandates) are probably over $100T at this point, certainly in the mid-$90T range is the floor.
Posted on 2/11/22 at 4:27 pm to Ace Midnight
The Fed has close to $9T on its balance sheet and is still going brrrr. How do they unwind that without destroying the economy?
Any comparisons to the 80s inflation at this point are just laughable
Any comparisons to the 80s inflation at this point are just laughable
Posted on 2/11/22 at 4:32 pm to Dawgfanman
quote:NEGATIVE!
we’ve been borrowing against our children’s future for 40 years
The Feds have been borrowing against our children’s future for 40 years. Like the child of a battered parent, now our children are pleading for MORE GOVERNMENT.
Posted on 2/11/22 at 4:35 pm to DallasTiger11
Meh it’s really hard to tell I don’t take the words of this institution seriously so I’ll stick to 0 on principal. But they would have serious credibility issues which could hurt their ability to control the narratives markets react to. 1 and done with a pivot seems likely.
Posted on 2/11/22 at 5:51 pm to Bass Tiger
quote:And no doubt this board decried any effort to hem this in as "Obama communism".
No, the well connected (real estate investment companies) took ZIRP money directly after the Financial meltdown of 2008/2009 and began purchasing distressed properties for $.50 on the dollar in many markets across America and it’s continued even today
quote:That's a ridiculous figure. 20% of houses transacted since the crisis have been done by the Blackstones of the world? Not a chance.
It’s estimated 20% of residential properties have been purchased by these real estate investment companies using cheap money which has helped to drive up housing costs.
quote:I don't totally disagree, but you basically sound like Bernie.
Street level Americans who are living paycheck to paycheck can’t cash in on this cheap money like many wealthy Americans can or like corporations can.
quote:I don't think this is true at all. Until the past 2 months or whatever, rates have basically been on a one-way path towards zero. That has been preposterously positive for holders of fixed income. They've been way better than a safe haven.
As a matter of fact the monetary policies of the past 12 years has crushed retirees who thought their money market and interest bearing investments would be a safe haven for their decades of prudent saving.
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