US US Politics General - Discussion of President Biden and other politicians

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mandatorylurk said:
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New orders from on high, can't have shit economy, horrible foreign relations AND everyone knowing there are liberal groomers out there.
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First they did it to Defiant L’s and I said nothing because it did not affect me.

Then they did it to Donald Trump because I said nothing and I thought it was just a hoax,

Finally they did it to LibsofTikTok because I thought not saying anything was just a good idea.

Thats when they decided to censor me because I had no one else to defend me after not saying anything at all.

97F3C32D-40E1-4661-A978-DA17B3CAD994.jpeg
 
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mandatorylurk said:
View attachment 3176803

New orders from on high, can't have shit economy, horrible foreign relations AND everyone knowing there are liberal groomers out there.
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Suprised it took them this long to take some form of action against that account. I would have thought it would have been nuked the moment it gained any modicum of a following.
 
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JosephStalin said:
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Just saw on the news today that the inflation rate is the highest in 41 years (which we knew about already, but the news was reluctant to admit for reasons). Of course, this was blamed on Covid, never mind the fact that >70% of the money printed in circulation was printed less than two years ago.
 
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Idaho Battle Barn said:
Just saw on the news today that the inflation rate is the highest in 41 years (which we knew about already, but the news was reluctant to admit for reasons). Of course, this was blamed on Covid, never mind the fact that >70% of the money printed in circulation was printed less than two years ago.
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Oh it much worse then this.

The PPI or producers product index which tracks the cost of raw good before manufacturing has shot up to a record 9.88% in the last month. No one talks about this because the CPI is all the guberment focuses on but the PPI has a much more drastic effect on inflation as it's the inflationary cost the producers of products are paying to make thier goods. It usually lags behind the CPI by a fair margin but not this time around. It's far higher and doesn't look to be slowing down, in fact it has NEVER been this high before in the 35 years it's been tracked.

So if shit is getting far more expense to make what do you think will happen to consumer prices?

I'll give you two guesses.

Buckle up kiddo's, it's going to be hitting the fan. I'd venture a semi-educated guess and say we will see double digit "official" inflationary rates by July and probably damn near 20% real inflation by September.

It's not going to be fun. Get your shit ready, make sure you money is safe and be ready for protests and other FUN things in the very near future.
 
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Sweet and Savoury said:
Oh it much worse then this.

The PPI or producers product index which tracks the cost of raw good before manufacturing has shot up to a record 9.88% in the last month. No one talks about this because the CPI is all the guberment focuses on but the PPI has a much more drastic effect on inflation as it's the inflationary cost the producers of products are paying to make thier goods. It usually lags behind the CPI by a fair margin but not this time around. It's far higher and doesn't look to be slowing down, in fact it has NEVER been this high before in the 35 years it's been tracked.

So if shit is getting far more expense to make what do you think will happen to consumer prices?

I'll give you two guesses.

Buckle up kiddo's, it's going to be hitting the fan. I'd venture a semi-educated guess and say we will see double digit "official" inflationary rates by July and probably damn near 20% real inflation by September.

It's not going to be fun. Get your shit ready, make sure you money is safe and be ready for protests and other FUN things in the very near future.
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Real inflation is already at 15% by mid summer we could be Weimar Germany.
 
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Idaho Battle Barn said:
Just saw on the news today that the inflation rate is the highest in 41 years (which we knew about already, but the news was reluctant to admit for reasons). Of course, this was blamed on Covid, never mind the fact that >70% of the money printed in circulation was printed less than two years ago.
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Just out of curiosity, is it impossible to take money out of circulation to reduce inflation? I’m sure there is an obvious reason that wouldn’t work that I’m not seeing.
 
Sweet and Savoury said:
Buckle up kiddo's, it's going to be hitting the fan. I'd venture a semi-educated guess and say we will see double digit "official" inflationary rates by July and probably damn near 20% real inflation by September.
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Read on twitter that, by the old method of calculating inflation, we're at 21% this year, not 8.5%. It's like unemployment and crime statistics and GPAs -- the Government changed the way they calculate numbers so they could ignore a problem. I.e., the shit may have already hit the fan. It's just a matter of how long they can hide it from the rest of us.

Once the illusion is shattered the panic is going to hit, and once that happens all hell is going to break loose.

I honestly think they're just trying to drag this out until January 2025 so they can make it Trump's problem and/or fault.
 
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Puff said:
I think that's how raising the interest rate at the fed is supposed to work.
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Well how it's supposed to work is called Quantitative Tightening. Which is pretty much the opposite of Quantitative Easing (duh),

What it really means is that instead of "creating" more money then issuing said money as bonds the Fed instead "deletes" the money after the bond is matured (paid off) rather then reissuing the funds in another bond.

So that's the plan to ease inflation, raising the interest rates to cool spending is part of it though but not a big part. Too much "cooling" and you start a recession spiral and bad things start to happen. The idea is too slowly, ever so slowly, dry up the money well this forcing banks to be more careful when issuing loans as they must pay the Fed more per bond they buy. So people will get less money in loans, forcing less spending and thus lowering inflation as prices will have to match available funds with more competition between sellers.

It's actually fucking stupidly complicated, seriously after studying this shit for like the last 5 years I still only vaguley undserstand what and why things happen. No doubt that on purpose. Really consider the Fed to be a new age religion and its employee's as clerics interpreting the "will of god" for the dumb masses and you wouldn't be far off the mark.
 
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Sweet and Savoury said:
Well how it's supposed to work is called Quantitative Tightening. Which is pretty much the opposite of Quantitative Easing (duh),

What it really means is that instead of "creating" more money then issuing said money as bonds the Fed instead "deletes" the money after the bond is matured (paid off) rather then reissuing the funds in another bond.

So that's the plan to ease inflation, raising the interest rates to cool spending is part of it though but not a big part. Too much "cooling" and you start a recession spiral and bad things start to happen. The idea is too slowly, ever so slowly, dry up the money well this forcing banks to be more careful when issuing loans as they must pay the Fed more per bond they buy. So people will get less money in loans, forcing less spending and thus lowering inflation as prices will have to match available funds with more competition between sellers.

It's actually fucking stupidly complicated, seriously after studying this shit for like the last 5 years I still only vaguley undserstand what and why things happen. No doubt that on purpose. Really consider the Fed to be a new age religion and its employee's as clerics interpreting the "will of god" for the dumb masses and you wouldn't be far off the mark.
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All hail the almighty dollar?
 
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