Been busy with class and doing the things I do.
Haven’t been on the forum for even close to a decade. I’ve been fed by the folks on this forum the same propaganda they have been fed. Because I chose to question the narrative and lift up the sheets, I’ve come to other conclusions.
Yeah Powell wants to lower wages and not profits for corporations. Who do you think he works for?
No we are not over the manufactured debt issue, because people remain ignorant of Federal economics. But hey I’m sure this will all come tumbling down some day , just like they’ve been saying for decades. Funny it never happens, why?
I’m finding posts from nearly two decades back:
If he is actually Zep, I’ll have a stroke.
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And just when I thought he couldn’t get any dumber…
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Don’t. He’s posted about politics and heavy metal. There’s no doubt.
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Yes, we(leftists) are like you right-wingers, in this regard, we all think the same.
Definitely not.
I am pretty sure the leftists in Congress would laugh at you and your ideas. They are rubes for sure.
You meant to say commies I think. Most leftists don’t think like you either.
Im glad you posted this. The majority of Americans have no clue how much money was printed recently or how fiat enteres the economy. How banks create the money they loan out. how treasuries and shit work. Including the repercussions and why we have such high inflation and a global macro disaster.
For anyone who does not know, MMT is a great start. the entire west is focused on this stupid theory and their stupid lab experiment is back firing on them as i type this out.
People keep saying we will fail if we continue, but we dont. Why do we keep saying that… are we crazy? No these people are not crazy. Its simple… If you look into the past, many nations failed due to similar issues. Ray dalio has a great vide on this topic on YT. Watch it if anyone is curious.
I think it will happen in the future or the government will find a way to get out of this black hole we have decided to spiral into. We are literally kicking the can down the road. No other country can compete with our economy, yet our economy cannot function without theirs.
If another country like China wants the US economy to fail, they will also fail. Until we de-globalize and stop offshoring, we are tied to one another.
Wouldn’t it be nice if we could separate the fed / bank from the state. Like religion has been removed from state? Imagine if politicians did not have control of the fiat supply. Maybe a set inflationary supply of fiat that can be paused, but not modified in the future.
Forcing governments to be fiscally responsible. Imagine that. Cannot spend unlimited amounts of $ on gaining votes and whatever else.
Maybe one day this gets so bad they do finally write some new laws and stop this nonsense.
Until then, this is an investmnet opportunity of a life time. With some patience and more patience, one can get into the markets pretty cheap and come out ahead down the road.
Yes! In fact, a complete separation of economy and State.
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We can dream… lol
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Compulsory participation in the workforce!
You go to a different part of the country and work for a given term period, then when your time is complete, you return home to work for regular money just like normal.
Oh we have leftists in Congress? Are you talking about the fraud squad, who talk a big game but then do almost nothing? More concerned about their careers and being a celebrity. Of course you are probably referencing them as you eagerly feed off of the propaganda narrative.
Another person who wrongly believes that a federal budget is fiscally constrained like a personal budget. Ignorance abounds here!
Ad they’ve been saying the same stupid shit for decades but it never happens. You’d think that would force them to go back to the drawing board and see where they have gone wrong. But they have people like you to believe in this garbage. You’re doing a great job.
And you are gullible enough to think it was from creating currency.
And for you who obviously doesn’t know. MMT is merely a description of how monetary operations work. Not your ideological neo-liberal fantasy of “free-market” economics.
Like the neo-classical economists, not the MMT economists, why is that?
Of course it will but never does. So you keep believing that so you can keep your ignorance on life support.
Keep licking that turd!
What exactly is the problem here? You assume quite a bit. Who said they are constrained? What an assumption. Especially when we discuss the federal bank having total and full control over the fiat system. Including politicians who stimulated the F out of the economy. Along with all of the other countries in the world.
Inflation is not only due to 11 trillion in fiat print. It’s due to a global epedecmic where they shut down the world, they destroyed the supply chain. Now Bidens energy nonsense is putting mroe constraint and so is Ukraine. All of this flows down the to consumer.
Housing also got effected heavily. Speculation and supply of hardware to build the homes had become scarce.
You are out of control with your assumptions.
Let’s not deny that the fed printed more money than they have printed since the start of this nation in 2 years. They also kept rates at 0%. Tell me again how this doesn’t cause inflation.
I bet that giving students loan forgiveness won’t cause any inflation either…
So you are telling me that Darius dale, ray dallio, drunkenmiller, alfonso pacatellia are all wrong. Every single one of these guys and dozens more are saying the same thing.
Let’s get our facts in order here.
When you inflate the supply of fiat and loan out $ at 0%… and have a fed buy assets to avoid a crash. Then a supply chain and energy constraints. Including other factors
You get inflation.
What else would cause such high inflation? Covid itself cause it? People got the virus and went crazy and decided they’d spend 500k on a 350k home?
Lastly, why would they be offloading their balance sheets and performing quant easing + increasing rates … if they have zero effect on inflation.
One word. Cumulative….
People who, like you, who imply creating currency is a constraint on the economy. The constraint is real resources. We have a much broader fiscal landscape than the d-bag neo-classical model implies.I would agree with you that Jim Crow Joe’s policy towards Russia is backfiring and making matters worse(inflation) for the American public than harming Russia. I would agree with the reasons you state about inflation but creating currency is not a genesis of inflation, just like it wasn’t in Zimbabwe. Y/ou do not seem as ignotant as most on here. At least you realize the supply chain and the pandemic are major sources of our inflation woes. The only thing you forgot was corporations raising their price on products using inflation as an excuse.
Bingo!
When the supply chain crashes, in large part to the offshoring of jobs, so that execs and shareholders make more money by hollowing out the middle class, destroying many lives in the process. Viva la capitalism!
I see you are more on edge then normal today.
Show me on the doll where the evil capitalist hurt you…
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Why are you getting all over my post when we pretty much agree.
All of the factors I pointed out are causing inflation. Not one issue alone. Politics to fiat to supply and migration and so much more.
It’s a Cluster F of masterful proportions. We can say FUBAR