That's absolutely correct.
Posted on 04/12/2024 9:28:06 PM PDT by SeekAndFind
Bump to read later.
But inversely Paul Volcker's policy's drove interest rates up so fast that farming, manufacturing and construction had to lay vast amounts of people off (creating a 10% unemployment rate back when the numbers weren't fudged) and setting off a two year recession before balance was eventually restored.
Just saying that Silver Cloud had a Dark Lining. This Usurper Regime's printing too much money without backing worth combined with preposterous spiraling debt is either incompetence or deliberate destruction. Probably a combination of the two for maximum effect.
BTW - you were great in "Reservoir Dogs".
“The Rats won’t cut Social Security benefits, but they have no problem creating high inflation, or fudging the numbers to limit Social Security COLA’s.”
In other words, they have no problem cutting SS benefits.
The only way to that is to balance the federal budget. Good luck with that.
You are correct.
It’s a simple problem, but the politicians would rather destroy the country.
“Stagflation” and “Misery-Index” are terms the MSM needs to get familiar with....
You can destroy an ecnomy very quickly. OTH it takes generations to build it up.
We are in the “raiding the treasury” phase of empire collapse.
Volker crashed the ecnomy. He ruined many a young person’s life for many years to come.....
It is not the ONLY way. A 30-40% import tariff on all IMPORTED goods would raise revenue and take dollars out of the economy in a good way. Why? Because a tariff promotes DOMESTIC industry and keep dollars IN the USA. Oh, wait I forgot you “fiscal conservatives” hate US workers.
or a an import tariff that funds the deficit....
I support tariffs. God created nations for a reason. Free trade works within a country, but it does not work internationally forever.
Ironic thing is you just know those making these videos voted for Biden. Guess they don’t like what they voted for afterall.
And let me add that as long as child sacrifice is protected the economic gods will be placared and merciful.
The dems love inflation. It strips people of their savings - that they worked for all their lives - and makes them poor and dependent.
The ruling elite doesn’t care about rising prices - they get cost of living adjustments.
Dems made inflation and dems are fueling inflation by unrestrained spending.
To understand inflation requires no special analysis or looking at specific categories; just look at the gold price versus the dollar. For two hundred years the price of gold jumped around with some small variance, but was always bwtween $20 and $40 an ounce. As soon as we went off the gold standard and began to print money not backed by gold, it began to soar. Now it is around $2000 an ounce. That is the real measure of currency debasement, which is really what the consumer cares about.
The US pays more interest on debt than on the defense budget
https://www.msn.com/en-us/money/markets/us-natifnbonal-debt-interest-exceeds-defense-spending-cbo/ar-BB1lo464
“The corollary to simply removing dollars, is lowering the cost of production, so there are more goods for those dollars to chase. That’s what Volker did.”
Excellent point, but the Biden administration has done so much to increase the cost of production, it will be hard to correct.
Close low cost coal-fired electricty generation for a couple of years? If the plants were not destroyed, they will take months or years to restore to working order. Meantime, what happened to the laid off miners and closed mines? Repairing the Democrat damage to the economy will not be like flipping a switch.
The DemocRats have placed the US on a slippery slope to a Great Depression 2.0. And a lot of ways they have done it are not easily reversible.
Thats not what toilet brush head and Mello Yellen said. Why would they lie? >s
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