Trump Guilty?

catstalking

catstalking

ie qt
Darmark7 said:
When Did we go from inflation to the value of a dollar? Fiat money is going to go down. The dollar is falling but inflation speeds up that process. So the presidents with the worse inflation makes the dollar even worth less faster than it would have. When I retired in 2020 I planned on 2% to 3% inflation each year. That was because that was the average rate for a long time. Biden did 10 yrs worth of damage to my retirement planning in just a couple of years.
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do you think inflation is caused by the weather or something? inflation of the money supply through Fed money printing is the literal cause of the dollar falling

that doesn't mean every single commodity is affected the exact same, but ultimately something has to get hit and housing not being part of CPI is not a coincidence
 
V

vantexan

Well-Known Member
catstalking said:
and yet the Republicans voted at a higher % for the act

Nixon literally created the financial system we inhabit and he did it out of short term political gain, not any kind of long term wisdom, he's on the record about it

Bush could have paid off the debt in his terms, instead he gave welfare to the rich and started a war that achieved nothing at all

I'm to the right of Mussolini but whatever you say boomer

just the cherry on top of an already broken financial system a century in the making
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Uh-huh. Nixon took us off the gold standard so every sovereign man since then has decried fiat currency.

You flat out said more Republicans than Democrats voted for the Immigration Act. Now you're talking percentages to CYA.
 
V

vantexan

Well-Known Member
catstalking said:
do you think inflation is caused by the weather or something? inflation of the money supply through Fed money printing is the literal cause of the dollar falling

that doesn't mean every single commodity is affected the exact same, but ultimately something has to get hit and housing not being part of CPI is not a coincidence
Click to expand...
The main problem we had with too much money being printed is we were spending at an even higher rate. Year over year since Obama and the Fed started QE2 we were adding to the debt from deficit spending(above what Bush already added with two wars). Then Biden broke the camel's back with too much too fast. The biggest problem now is the inflation he caused required raising interest rates to pull money out of the supply to lower inflation. With the debt the government has piled up in the last 20+ years that means we must spend a lot more to service the debt. Why? When inflation was bad in the late 70's, early 80's the U.S. financed its operations with long term 10 and 30 year bonds. But by piling up the debt while keeping interest rates very low the main countries buying our bonds backed off. Who wants to hold a bond 30 years and get money back that is worth considerably less? So now our government relies on short term treasuries. Which means as interest rates rose we went from paying back 3 and 6 month and 1 year treasuries at less than 1% to now about 5%. On now over 34 trillion in debt and rising. From about $350 billion a year in interest to now over $1 trillion during Biden's term. And rising. Projected to eventually take everything we collect in taxes to just service the debt. With the government doing more money printing, more deficit spending, just to operate. It's not a matter of if we'll collapse but when.
 
catstalking

catstalking

ie qt
vantexan said:
The main problem we had with too much money being printed is we were spending at an even higher rate. Year over year since Obama and the Fed started QE2 we were adding to the debt from deficit spending(above what Bush already added with two wars). Then Biden broke the camel's back with too much too fast. The biggest problem now is the inflation he caused required raising interest rates to pull money out of the supply to lower inflation. With the debt the government has piled up in the last 20+ years that means we must spend a lot more to service the debt. Why? When inflation was bad in the late 70's, early 80's the U.S. financed its operations with long term 10 and 30 year bonds. But by piling up the debt while keeping interest rates very low the main countries buying our bonds backed off. Who wants to hold a bond 30 years and get money back that is worth considerably less? So now our government relies on short term treasuries. Which means as interest rates rose we went from paying back 3 and 6 month and 1 year treasuries at less than 1% to now about 5%. On now over 34 trillion in debt and rising. From about $350 billion a year in interest to now over $1 trillion during Biden's term. And rising. Projected to eventually take everything we collect in taxes to just service the debt. With the government doing more money printing, more deficit spending, just to operate. It's not a matter of if we'll collapse but when.
Click to expand...
that's a lot of words to agree with what I said, still doesn't mean it's not the fault of both parties
 
catstalking

catstalking

ie qt
vantexan said:
We wouldn't have had the spike in inflation without Biden injecting $2 trillion into the money supply very rapidly. So yes he is the primary culprit.
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the RATE of inflation spiked yes but we are still losing 3% value every year to money printing already

my point is inflation didn't just come out of the void because a Democrat is in office, the bankers who are ruining our country don't care what party he's a part of as long as he keeps the money flowing up
 
V

vantexan

Well-Known Member
catstalking said:
the RATE of inflation spiked yes but we are still losing 3% value every year to money printing already

my point is inflation didn't just come out of the void because a Democrat is in office, the bankers who are ruining our country don't care what party he's a part of as long as he keeps the money flowing up
Click to expand...
A very specific Democrat caused this spike, not a cabal of bankers plotting some evil conspiracy. And inflation had been at 2% or lower for years. And we've gone from quantitative easing(printing), to quantitative tightening(printers stopped), for now.
 
catstalking

catstalking

ie qt
vantexan said:
A very specific Democrat caused this spike, not a cabal of bankers plotting some evil conspiracy. And inflation had been at 2% or lower for years. And we've gone from quantitative easing(printing), to quantitative tightening(printers stopped), for now.
Click to expand...
literally the MSM talking points, good job, you definitely follow politics closely

joan-holloway-smoking.gif
 
Babagounj

Babagounj

Strength through joy
www.breitbart.com

Ann Coulter: How Liberals Pay Off Their Bimbos

How Trump was supposed to describe his payments to Stormy Daniels? Let’s consider the precedents set by Democrats.
www.breitbart.com www.breitbart.com

When Bill Clinton ran for president in 1992, his campaign hired a sleazy private detective, Jack Palladino, to threaten journalists and private individuals in order to prevent voters from finding out about the horny hick’s legion of sexual conquests and sexual assaults — or “bimbo eruptions,” as campaign aide Betsey Wright charmingly put it.
The smear merchant was first hired after singer Gennifer Flowers told a tabloid she’d had a lengthy affair with Clinton. Palladino wrote a memo to the campaign, promising to impugn her “character and veracity until she is destroyed beyond all recognition.”

Then in 2008, presidential candidate John Edwards hit up a couple of well-heeled donors for more than a million dollars to hide his yearlong affair with Rielle Hunter and their resulting “love child.”
To keep Hunter happy (and hidden) throughout his run, the campaign gave her “cash, luxury hotels, private jets rides and a $20,000-a-month rental mansion in Santa Barbara, California” – as summarized by The Guardian. (Even lefty publications in the U.K. are more honest than the American media.)
All these goodies were paid for by heiress Rachel “Bunny” Mellon, who gave the Edwards campaign $725,000 — laundered through a North Carolina interior decorator — and Texas lawyer Fred Baron, who gave the campaign $400,000.
As any of you campaign finance buffs know, $725,000 and $400,000 exceed the federal limit for campaign donations by about a half-million dollars apiece. (The limit was $2,300 in 2008.)
 
F

fishtm2001

Well-Known Member
"Republicans like to complain about "two-tiered justice," and they're right—just not in the way they think. Trump has been remarkably successful at delaying his most serious trials by getting conservative courts to spend time mulling over absurdities. At the same time, we know for a fact that the prosecutor in the Hunter Biden case doesn't think the charges against him have much merit—he admitted as much by originally agreeing to a plea deal with Hunter. Nonetheless, Hunter Biden is on trial.

The Democratic president's son gets screwed while the former Republican president gets endless help from his ideological friends—including in cases which are all but open and shut. That's a pretty good example of two-tiered justice."

Kevin Drum
 

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