Nope. Not enough to cause hyperinflation.
Only among retarded conspiracy theorists like you who never had trust in the government anyway. Try going outside your bubble every now and then, you'll learn something
Not enough for hyperinflation.
Not due to inflation, but due to covid. Just lumber alone isn't cause for hyperinflation.
Ahh, so that's why you don't believe in hyperinflation. Because orange man bad?
Lowered demand for USD. Until foreign countries start selling their dollar holdings en masse, I wouldn't worry about hyperinflation.
Here comes 4-5 pages of screaming back and forth at each other like every other thread he's pulled into
Isn't that what China been doing non-stop since last year? Obviously it's not everyone yet, but it's not a reassuring sign. Overall I don't see a cause for optimism here.
The precursors you listed are somewhat accurate, but generally also accompanied by the government just printing off insane amounts of money, usually to cover debts. However, while the US does print off a lot of money, it doesn't do nearly enough to cause hyperinflation. You really need to look up hyperinflation because it's obvious you don't know what the fuck you're talking about and read too much shit on /pol/
So you think this narrative is just something /pol/ came up with, and not China trying to wage economic war on the US?
Selling US bonds isn't waging economic war on the US and selling them at a loss would do more harm to China than harm to the US. Besides, most US debt is held by the US itself.So you think this narrative is just something /pol/ came up with, and not China trying to wage economic war on the US?
US’ excessive money-printing prompts de-dollarization - Global Times
www.globaltimes.cn
Or is Reuters the new place for Q drops now?
U.S. debt, Fed easy money biggest risks in 2021: Jim Rogers
The debt taken on by the U.S. government and the unprecedented amount of money printed by the Federal Reserve are the biggest risks for 2021, Jim Rogers, the investor who co-founded the Quantum Fund with George Soros, said on Monday.www.reuters.com
That is correct, although the overall narrative is still indicating China's end goal is complete de-dollarization. The Biden regime has been proven massively unpopular around the world and obviously it impacted the USD as well.
So you think we shouldn't even try? You do know it's possible to close tax loopholes, right?
Unless you're talking SF, $400k is way more than middle class
They have been forever, true. The US has never been in such a rough shape back then. Even through the energy crisis of the 70s things were never that dire. Between the social unrest, the pandemic, and the fact that less than a quarter of Americans see their government as legitimate, things were never this bad. Even without Soviet nukes aimed at the US, you got to admit that outlook is not so good. Regarding BRICS, they became much more efficient since they dropped the B, the I, and the S. Especially the I.
How do you still not understand that in America you can't tell where the corporations end and the government begins? Why would they close their own tax loopholes?
It's a catch 22. In any major city where you can legally earn $400k a year, that amount of money is barely enough to sustain a middle class lifestyle. It's not "wealthy" money. It's just one step above living paycheck to paycheck in a rented hovel.
...Are you retarded? Biden is far, far more popular with the world than Trump ever was, mostly because he confirmed that yes, the US will uphold its treaty obligations against Chinese aggression or Russian aggression.
Do you have any idea on how taxation actually works? I'm guessing no. The tax increase on people making 400k or more would be a tax on all income after you've already made 400k, and only a couple of a percentage increase in that would have a lot of returns and little downside. Essentially put, taxable income is put into brackets. You pay no tax on your income up to a certain point, then a percentage on all income after that, then a higher percentage the more and more income you make. Also, 400k is not middle class in a large city. That's still pretty high earning as an individual. To put in perspective, the average household income in NYC is about 62k. Your average middle class income per household hovers around ~100k to 200k per year. That's if you're generous, 50% of the income per person that this tax would effect. You're completely out of touch with reality.
Where the fuck do you live that 400k per year is middle class?
In reality, where we realize there's a ridiculous gap between the poor and the actually wealthy. Your government has been lying to you. Anyone making below 80k a year is below the poverty line. Up to 600-700k a year you're middle class. 2m is upper middle class.
The fuck you say?
What the actual fuck are you smoking, really. As for evidence, let's do some basic fucking google searches, or even better, something from a very trusted research organization.
