Posted on 04/04/2024 6:17:57 AM PDT by Kaiser8408a
Bidenomics is really about insane money printing after Covid and the installation of Biden as President. Biden and The Federal Reserve are both pushin’ too hard. Biden to fundamentally change the US and The Fed trying to cope with the inflation reaction. With Covid and then Biden’s selection as President, Federal outlays exploded (blue line) and remain elevated under Biden. To help finance the (outrageous) spending The Federal Reserve massively increased the M2 Money supply (green line). Now, The Fed has withdrawn some of the excessive monetary stimulus, but there is a staggering amount monetary stimulus still swimming around the economy like a Great White Shark.
The problem with Federal policies (energy, government spending, government debt) is that there are unpredictable factors that undo the best laid plans of mice and men. And rats such as crop blights and changes in consumer habits.
A good example is the Strategic Petroleum Reserve, which can be drained if craven politicians want to manage oil and gasoline prices for political purposes. Unfortunately, the promise of replenishment is made difficult by rising crude oil prices. The Biden admin cancels plan to refill emergency oil reserve amid high prices (some caused by factors such as war, often caused by government).
In fact, spot crude is up 73% under Biden. Partly, because of Biden’s promised war on fossil fuels and international disasters like war, blights, etc. This is why I cringe when I hear politicians and “economists” discuss why inflation will fall.
On the food side, we have cocoa prices rising 136% under Biden. Again, not predictable when policies were being made. Combine crop blights were rising transportation costs and DC, we have a problem! But this is one reason why The Fed, etc, focus on core inflation (excluding energy and food prices).
(Excerpt) Read more at confoundedinterest.net ...
Fine. So what are we going to do about it on our side? I just paid $10.56 for a Big Mac meal, something young people can understand more than the SPR. How’s a young fella going to impress his girlfriend if 2 of those meals is all he can afford? For us older folks a calamari appetizer in a Palm Springs restaurant-$20.
It was like this during Jimmy Carter’s days. The democrats learned to blow off these complaints under Clinton and a compliant media.
With the Media in their back pocket the Democrats can do Anything they want. If Biden cancels the election due to some concocted emergency. They would hail it as a great move to save democracy. A few slick adds on TV (Produced by the best of Hollywood) and the people will buy it. Watch what happens when they arrest Trump and put an end to the “Hate Party of MAGA” Even some GOP will vote yes for that one. I hope to all get out I am wrong. I hope that wiser heads will rule the day. But, more and more I see a small CABAL running the ship of state into the rocks. I only look at Jan 6, people are still rotting away in jail over that Liberal Fantasy Rebellion. Dark times for the Nation may well be in the future. Please tell me I am wrong and it will all work out. Now it looks like only Jesus can help us.
Confounding headline strikes again!
You should see the price of gold and silver!
Gold 13MAY2019 $1,284.18
Gold 4APR2024 $2,291.22
Silver 8MAR2020 $12.27
Silver 4APR2024 $27.10
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