Author Topic: Blame for economic problems, interest rates, gasoline, inflation, etc  (Read 2009 times)

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Offline fohat.digs

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Everyone is acting shocked and exasperated over what is happening in the marketplace today, and pointing the finger (index or middle) at President Biden as if he has any control over prices, which he does not.

After basking in practically flat pricing and impossibly low interest rates for years, have people (at least here in the US) forgotten that that was a fantasy land? On the news they show people whining about "Gas prices have got to come down soon!" as if that were probable or even possible. Get used to it. This is reality, what has been going on for the past several years is something anomalous.

"Supply chain problems" are a fabricated smoke screen to make us numb to the effects and camouflage the causes. 

There is a rather simple explanation for it, though. And Fortune magazine proudly presents it as if it were a good thing.
"It turns out that for a decade, whenever Trump wanted to get a loan, or make a deal, he would inflate the value of his real estate. For instance, suggesting that his 11,000-square foot penthouse was a 30,000-square foot penthouse.
And the attorney general of New York knew that Trump's property values were inflated because when it came time to pay taxes, Trump undervalued the very same properties.
It was all part of a very sophisticated real estate practice known as “lying.”
- Jon Stewart 2024-03-28

Offline tp4tissue

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those arn't profits really, it's just money printing funneled "to Corporations" to pad numbers.

The "MARKET" is like asking you how YOU feel about YOURSELF.  Reality is only "a PART" of that perception.

We DO NOT price in climate impact and the impending doom until it's Too Late or Too Huge to ignore.


Realistically, we only have 10-20 sizable food harvests left before MadMax Fury Road.

//WITNESS !!!



Offline Leslieann

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McConnell.
He helped arrange and pass or block everything that got us here.


Others deserve some blame, Trump and Biden included but McConnell was always pulling strings.
There's a special place in hell reserved for that man.
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Offline fohat.digs

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There's a special place in hell reserved for that man.

I agree, but the Senate itself (and specifically the filibuster) were designed for the purpose of stifling progress and improvement.
"It turns out that for a decade, whenever Trump wanted to get a loan, or make a deal, he would inflate the value of his real estate. For instance, suggesting that his 11,000-square foot penthouse was a 30,000-square foot penthouse.
And the attorney general of New York knew that Trump's property values were inflated because when it came time to pay taxes, Trump undervalued the very same properties.
It was all part of a very sophisticated real estate practice known as “lying.”
- Jon Stewart 2024-03-28

Offline Findecanor

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Perhaps if oil was taxed more, that would cause the net price (before tax) to go down.
Instead politicans worldwide are subsidising oil to keep the economy going ... and the oil companies are reaping huge profits.

The total price has to go up to the Moon — otherwise we may have to relocate there ...

Sucks for the US though that is so dependent on oil because of how is has been neglecting to build proper infrastructure for decades ...

Offline Sintpinty

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At this point milk is 4 CAD. Thats not good

Offline Darthbaggins

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Alot of this is actually fallout from decisions made further back than Trump & Biden - most is fallout from Bush and Obama terms and adjustments which are rebounding further than they were expected to.

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Offline Leslieann

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Alot of this is actually fallout from decisions made further back than Trump & Biden - most is fallout from Bush and Obama terms and adjustments which are rebounding further than they were expected to.
Absolutely, but not always for the wrong reasons.

Obama and Bush lowered the interest rate to boost the economy after the 2008 crash, which is what you should do when times are bad, but you're supposed to raise it back up and level things off once things improve. That didn't happen (or was it lowered again to feed someone's ego) so when Covid hit the number of tools they left with to combat this new threat was extremely limited. Don't think they're out of tools? Remember that Republicans sent checks to people and they did so more than once.

I think the high inflation is a result of them trying to use the last remaining tools they have to ward off a crash that will make 2008 look mild.
Hold onto your hats.
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Offline fohat.digs

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you're supposed to raise it back up and level things off once things improve.


The Fed targets inflation of 2% per year. Ours has been near zero for well over a decade. Multiply it out for yourself to see where we would/should naturally be now.
"It turns out that for a decade, whenever Trump wanted to get a loan, or make a deal, he would inflate the value of his real estate. For instance, suggesting that his 11,000-square foot penthouse was a 30,000-square foot penthouse.
And the attorney general of New York knew that Trump's property values were inflated because when it came time to pay taxes, Trump undervalued the very same properties.
It was all part of a very sophisticated real estate practice known as “lying.”
- Jon Stewart 2024-03-28

Offline Leslieann

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you're supposed to raise it back up and level things off once things improve.


The Fed targets inflation of 2% per year. Ours has been near zero for well over a decade. Multiply it out for yourself to see where we would/should naturally be now.
Double check your source on that.

It went up an average of 2.3% per year from 2011-2021
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Offline phinix

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Re: Blame for economic problems, interest rates, gasoline, inflation, etc
« Reply #10 on: Fri, 20 May 2022, 03:01:05 »
those arn't profits really, it's just money printing funneled "to Corporations" to pad numbers.

The "MARKET" is like asking you how YOU feel about YOURSELF.  Reality is only "a PART" of that perception.

We DO NOT price in climate impact and the impending doom until it's Too Late or Too Huge to ignore.


Realistically, we only have 10-20 sizable food harvests left before MadMax Fury Road.

//WITNESS !!!


Show Image


You know I was thinking about it last night. Its not that impossible.
Temp raising, waters raising, crops disappearing - finally meat production will go down or just stop, European Union will colapse, import/export will drop, all economic agreements will colapse, countries will go back to closed self centered areas, power and water will become delicacy, heat waves will ruin outdoors.
Not so hard to predict what people will do, react on all this.

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Offline fohat.digs

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Re: Blame for economic problems, interest rates, gasoline, inflation, etc
« Reply #11 on: Fri, 20 May 2022, 07:27:17 »

lowered the interest rate to boost the economy after the 2008 crash, which is what you should do when times are bad, but you're supposed to raise it back up and level things off once things improve.

the number of tools .... to combat this new threat was extremely limited



Ours has been near zero for well over a decade.


I was referring specifically to your reference about interest rates as the tool.

Extrapolating the graph might suggest where we would realistically be today if the "problems" had not happened.

"It turns out that for a decade, whenever Trump wanted to get a loan, or make a deal, he would inflate the value of his real estate. For instance, suggesting that his 11,000-square foot penthouse was a 30,000-square foot penthouse.
And the attorney general of New York knew that Trump's property values were inflated because when it came time to pay taxes, Trump undervalued the very same properties.
It was all part of a very sophisticated real estate practice known as “lying.”
- Jon Stewart 2024-03-28

Offline tp4tissue

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Re: Blame for economic problems, interest rates, gasoline, inflation, etc
« Reply #12 on: Fri, 20 May 2022, 07:50:22 »

You know I was thinking about it last night. Its not that impossible.
Temp raising, waters raising, crops disappearing - finally meat production will go down or just stop, European Union will colapse, import/export will drop, all economic agreements will colapse, countries will go back to closed self centered areas, power and water will become delicacy, heat waves will ruin outdoors.
Not so hard to predict what people will do, react on all this.

(Attachment Link)


Absolutely,  if it wasn't for all the nu(lear waste we have, humanity could easily go through a great reset.

However, we're running this on Ultra Difficulty, so it's basically impossible, in the event of major infrastructure disruption, the surface waste (which requires active energy and inputs (concrete steel) to maintain) would all go into meltdown, or their containers would break due to neutron damage. This releases massive r4d1oactivity through weathering (wind/rain) which would envelope the entire earth.  Surface life would become unlivable. remember guys, this stuff is tasteless, odorless, and invisible, but it SHREDS DNA, it would take the form of fine particles as it's blown about across the continents post meltdown.  You breath that in, bam, cancer. 

For the first 50 or so years post melt, Humans would be VERY LUCKY to live into their 30s. Society as "we" currently understand it would be completely unsustainable. this lvl of radz is as damaging to animals as it is to plant agriculture. Notice the RED FOREST of (hernoby1, red because those trees are dead. they only have 1/3 of the species which would naturally exist in the area, and upon inspection, the vast majority have significant genetic damage, defective growths.

Over time 50-100 post melt, all animals larger than roaches will die, most likely there will be a near sterile period for surface life for anywhere between ~30,000-3,000,000 years.   After which, a lucky patch of vegetation/surviving ecosystem might be able to repopulate.

Offline treeleaf64

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Re: Blame for economic problems, interest rates, gasoline, inflation, etc
« Reply #13 on: Sun, 12 June 2022, 00:38:07 »
Microplastics
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Offline fohat.digs

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Re: Blame for economic problems, interest rates, gasoline, inflation, etc
« Reply #14 on: Mon, 20 June 2022, 13:45:06 »
Here is a former conservative who states it particularly well :

"It turns out that for a decade, whenever Trump wanted to get a loan, or make a deal, he would inflate the value of his real estate. For instance, suggesting that his 11,000-square foot penthouse was a 30,000-square foot penthouse.
And the attorney general of New York knew that Trump's property values were inflated because when it came time to pay taxes, Trump undervalued the very same properties.
It was all part of a very sophisticated real estate practice known as “lying.”
- Jon Stewart 2024-03-28