Biden creates an economic crisis--Unemployment, Inflation, risk of STAGLFATION increasing

[Over 29 years of fanhood]

People who are worried about the graph of the earth’s temperature and how it leads to the collapse of civilization should take a look at and understand this inflation graph.  This isn’t just a mess it’s a full blown catastrophe.  Everyone aside from the elites and those living well below their means are in for years of drastic lifestyle decline.  Fixed income Retirees are completely *****. 
 

https://www.wsj.com/articles/us-inflation-august-2022-consumer-price-index-11663017630

[Tiberius]

3 minutes ago, Over 29 years of fanhood said:

People who are worried about the graph of the earth’s temperature and how it leads to the collapse of civilization should take a look at and understand this inflation graph.  This isn’t just a mess it’s a full blown catastrophe.  Everyone aside from the elites and those living well below their means are in for years of drastic lifestyle decline.  Fixed income Retirees are completely *****. 
 

https://www.wsj.com/articles/us-inflation-august-2022-consumer-price-index-11663017630

What should be done to combat inflation? 

[SoCal Deek]

12 minutes ago, Tiberius said:

What should be done to combat inflation? 

Obvious and simple answer: stop flooding the market with newly printed fantasy money. 

[Tiberius]

7 minutes ago, SoCal Deek said:

Obvious and simple answer: stop flooding the market with newly printed fantasy money. 

Fantasy money? What's that? 

[Tiberius]

Is it imaginary money? 

 

How would cutting money supply increase supply of food, gas and other raw materials ?

[B-Man]

 

 

Mortgage demand from homebuyers falls 29% since last year, as interest rates surge past 6%.

 

 

https://www.cnbc.com/2022/09/14/mortgage-demand-declines-29percent-from-last-year-as-rates-eclipse-6percent.html

 

 

 

.

[SoCal Deek]

1 minute ago, Tiberius said:

Is it imaginary money? 

 

How would cutting money supply increase supply of food, gas and other raw materials ?

Yes, it is imaginary money. In reality, all money is imaginary. Inflation does not mean that the things you buy are suddenly more valuable. Inflation means that the money you have in your wallet  is less valuable. 

[Tiberius]

5 minutes ago, SoCal Deek said:

Yes, it is imaginary money. In reality, all money is imaginary. Inflation does not mean that the things you buy are suddenly more valuable. Inflation means that the money you have in your wallet  is less valuable. 

Money is not imaginary, it is abstract, which means it's real, but it represents something else, like goods and services. 

 

But this inflation is supply side driven, meaning the bottle necks in transportation and manufacturing are creating shortages driving up prices 

[SoCal Deek]

1 minute ago, Tiberius said:

Money is not imaginary, it is abstract, which means it's real, but it represents something else, like goods and services. 

 

But this inflation is supply side driven, meaning the bottle necks in transportation and manufacturing are creating shortages driving up prices 

That’s part of it for sure. So when that happens how does it make sense for the government to print trillions of additional dollars? Answer: it doesn’t. It makes the problem worse. 

[dpberr]

15 hours ago, B-Man said:

 

 

 

In a few days grocery stores will begin pricing in the inflation for the last quarter.  That wave of sticker shock will hit just in time for holiday baking.  Anything made of flour is going to be noticeably more expensive.  Flour is up 23% YoY.  Cereal, 17%.  Bread, 16%.  I've seen the shelves bare in my area of things like bread and I had no idea why people are hoarding it - and now I know why.  

   

[Tiberius]

1 minute ago, SoCal Deek said:

That’s part of it for sure. So when that happens how does it make sense for the government to print trillions of additional dollars? Answer: it doesn’t. It makes the problem worse. 

You know they are raising rates, right? That is slowing the money supply. 

 

Trying for a soft landing on this. No need to pull the plug too quickly and cause economic pain the GOP can seize upon to promote fascism, so we go slow 

[Chef Jim]

6 minutes ago, Tiberius said:

Money is not imaginary, it is abstract, which means it's real, but it represents something else, like goods and services. 

 

But this inflation is supply side driven, meaning the bottle necks in transportation and manufacturing are creating shortages driving up prices 

So if this a supply side driven issue and not a deficit issue how is IRA going to WIN? 

[SoCal Deek]

4 minutes ago, Chef Jim said:

So if this a supply side driven issue and not a deficit issue how is IRA going to WIN? 

Go right on ahead ignoring the Biden Administration’s fiscal policies. It’s clearly working. 😂😂😂

[Over 29 years of fanhood]

2 hours ago, Chef Jim said:

So if this a supply side driven issue and not a deficit issue how is IRA going to WIN? 

 
Bu replacing cheap available and economically viable fossil fuels with expensive unreliable green energy??

 

🤷‍♂️ 😂 

[Over 29 years of fanhood]

3 hours ago, Tiberius said:

What should be done to combat inflation? 

(1) Stop dumping trillions of additional dollars into and already inflationary environment

 

(2) remove constraints on energy production and stop pretending climate change is done immediate existential threat 

 

(3) stop spending all the government’s focus and resources on BS divisive social agendas and get to work on geopolitical disruptions and trade barriers

 

(4) flooding the market with cheap energy would kill Russia, instead horrendous policy has fill their war machines coffers with money. 
 

 

[Tiberius]

39 minutes ago, Over 29 years of fanhood said:

(1) Stop dumping trillions of additional dollars into and already inflationary environment

 

(2) remove constraints on energy production and stop pretending climate change is done immediate existential threat 

 

(3) stop spending all the government’s focus and resources on BS divisive social agendas and get to work on geopolitical disruptions and trade barriers

 

(4) flooding the market with cheap energy would kill Russia, instead horrendous policy has fill their war machines coffers with money. 
 

 

1) What part of government should be cut? 

 

2) Should local communities not be able to block a massive, dirty fracking operation in their back yards? 

 

3) Like abortion? Social Conservatives have taken over GOP 

 

4) Sure, until the prices collapse and they lose all that money they invested in drilling 

[SoCal Deek]

4 hours ago, Tiberius said:

You know they are raising rates, right? That is slowing the money supply. 

 

Trying for a soft landing on this. No need to pull the plug too quickly and cause economic pain the GOP can seize upon to promote fascism, so we go slow 

Unfortunately the ‘they’ in your sentence is the independent Federal Reserve, not the Biden Administration. So in effect we’re stuck in a tug of war between the two. Biden has both feet on the gas pedal and the Fed is pulling the emergency brake. That’s a recipe for blowing up the engine. 

[Over 29 years of fanhood]

2 hours ago, Tiberius said:

1) What part of government should be cut? 

 

2) Should local communities not be able to block a massive, dirty fracking operation in their back yards? 

 

3) Like abortion? Social Conservatives have taken over GOP 

 

4) Sure, until the prices collapse and they lose all that money they invested in drilling 

ok you don’t like my ideas what are yours? 

[Tiberius]

1 minute ago, Over 29 years of fanhood said:

ok you don’t like my ideas what are yours? 

Inflation? well, ya, raise interest rates as much as you have to. Wait for supply chains to get untangled. 

 

Increase immigration so businesses have people to hire. Businesses can supply more goods and services with more workers, thus reducing prices 

[Chef Jim]

3 hours ago, Over 29 years of fanhood said:

 
Bu replacing cheap available and economically viable fossil fuels with expensive unreliable green energy??

 

🤷‍♂️ 😂 

Well the only part of this bill I see that will do anything regarding inflation reduction is pulling in more tax dollars.  That only works if they don’t sp….spen…..(so hard to type while laughing) spend it but put it towards the deficit. And even if they do put it all towards the deficit we won’t see the benefits for years. 
 

The R in IRA is synonymous with the A in ACA.  Laughable. 

26 minutes ago, Tiberius said:

Inflation? well, ya, raise interest rates as much as you have to. Wait for supply chains to get untangled. 

 

Increase immigration so businesses have people to hire. Businesses can supply more goods and services with more workers, thus reducing prices 

Why do we need immigrants for businesses to hire?  Are you advocating for slave labor to keep labor costs down to reduce inflation?