191 Comments

I’m honestly growing weary of the overanalysis of this problem. Anybody who took freshman economics 101 understands that when you print and borrow $6 trillion within three months you’re going to destroy your economy. The media allowed the democrats to do it with zero scrutiny and Mitch McConnell allowed it to happen.

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And now Mitch McConnell and the rest of the thieves in DC want to send another $40 billion to be laundered to their lobbyists via Ukraine. $40 billion. MORE. Fucking criminals.

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And several hundred troops to Somalia??? WTF??

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White collar slush fund. Disgusting.

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💯

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And it’s done! Only 11 Senators voted against it! 🤬🤬🤬

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complete crooks

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McConnell and his wife have made millions off Elaine Chao's PRC family connections - they are OWNED by the PRC and doing its bidding, as history has shown us.

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The question is… who in the Senate isn’t making $ off China?? These relationships and elected officials stock portfolios really need to be addressed. It’s wrong for their decision making to be even slightly influenced by their own $ gain.

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And Powell ignoring it for months. "Transitory". Yeah right!

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Powell is nothing but a politician and the Fed should have been disbanded 15 years ago.

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As was JFK’s intention……

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Along with the CIA.

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#endthefed

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And the FBI and the CIA and the FDA and the WHO; all corrupt!!

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I've been saying to anyone that will listen... defund all of the alphabet agencies.

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Republicans and Democrats used to argue about how fast to row TOWARD the waterfall. Now they don't even argue. Full steam ahead.

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It’s not the borrowing or printing of money that's the problem. It’s always the spending that's the problem.

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right, but why would you print or borrow and not spend?

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It is NOT spent where it helps Americans; it is funneled into LIB / democratic and republican hucksters in our government.

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exactly printed and wasted and on "our" dime

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True, you would only spend If what you spend provided a return on your investment. With these corrupt politicians and communists in charge, I agree with you they will spend it on the wrong things.

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Friedman would "quibble" because if you do not monetize the spending (print money), you would crowd out other spending and have less impact from deficits. Also, the adverse impacts of deficit spending would create political accountability.

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Milt didn’t care about spending money. He cared about wasteful spending of money. If money was spent to repair aging infrastructure. Is that a bad spend? He would argue it’s not.

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How do you spend if you’re not borrowing and printing money. How many people got Covid “free” money aka stimulus checks that didn’t need them? Lots. Every single person I know, who received stimulus checks, did not need one penny of those stimulus checks. Why give retired people stimulus checks that are on social security. Created huge demand right when there’s a shortage. Just dumb

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exactly...so obviously intentional!

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Sorry, the money printing started under Trump and continued when the Dems took the presidency. The money printing was a bipartisan effort. Good intentions do not make good policy. A lot of the blame can be laid at the Fed also. A huge percentage of the money went to fraudsters or undeserving large politically connected companies.

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The money printing started after 9-11 during the Bush Admin.

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The money printing started after Nixon took us fully off the gold standard and allowed the bankers and politicians to collude and print the value of our wealth out from under us. Since then the money supply has doubled about every 11 years, with rapid acceleration recently.

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You are absolutely correct.👍

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Can't like such a right observation.

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No it did not start under the Bush admin. It's been going on in force since the 60s at least. Maybe really since the Roosevelt administration.

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Actually FDR created the Ponzi time bomb that hit just as Obama did all the wrong things in 2008 recession. As we became so rich we couldn't abide having children (as with all rich nations) workers went away to pay into the Ponzi scheme of FDR. Add to that the impossible fact that we can ship iron ore to other places who make and ship steel cheaper than we can. Thus we lost many industries to cheaper places.

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The money supply should grow to support increased economic activity. You can look at the level of M2 and CPI increases and see little evidence of inflation or excessive monetization until COVID 19 Trump and Biden.

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Money supply doubling every 11 years since the removal of BW is little evidence of inflation?

Even before covid, there were $4 in existence for every $1 in existence in 2001.

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While I agree with much of what you said, I disagree that Trump spent like Biden has. Trump got beat up in the media for asking for $5B for the border wall which Pelosi referred to as "fiscally irresponsible" and his $1.5T infrastructure bill (smaller than Biden's) was attacked by democrats who turned around and passed their own with twice the money 2 years later.

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Right……., but Trumps not in the a white House, and the GOP is not in power. So it’s Biden’s disaster. That’s just how it works, like the “kids in cages”. Remember that? All Trump’s fault

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Really? Don't you remember Ben Bernanke and his helicopter?

"Ben Bernanke earned the sobriquet “Helicopter Ben” for his observations in a 2002 speech that “the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost”, that the existence of this technology means that “sufficient injections of money will ultimately always reverse a deflation”, and that using this technology to finance a tax cut is “essentially equivalent to Milton Friedman's famous "helicopter drop" of money.”

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You can look at the numbers and clearly see that there were two periods of rapid expansion of the money supply. It did start under Trump to offset affects of COVID 19 Lockdowns all over the US. But continued under Biden. The Federal spending is on Congress and Presidents. The monetization of deficits is on Fed and Powell.

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However, few people understand basic economics!!!!

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biden has done a great job turning the ruble into the top currency, so maybe he'll help the dollar next

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right...all intentional and coordinated

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May 18, 2022
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Total RINO of the deepest part of swamp.

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Inflation is the biggest regressive tax that there is, with the largest burden being carried by the poorest. Uncle Joe's solution, raise the corporate income tax rate 🤦🏼‍♂️. Good thinking Joe, and maybe the corporations would pass those costs along to the consumer thereby increasing inflation to an even greater extent. Demented at best.

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Intentional. The puppet only does as he is told

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That's the scary part. Whatever Teleprompter says. And Girlfriend was same deer in headlights when Doocy threw a curveball about inflation.

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🎶 "I got no strings to hold me down... There are no strings on me" 🎶 sings Biden's puppet masters.

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he sold himself to the puppet masters

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of course they pass on the cost. Their stockholders could sue if they didn't

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Frankly (because I am) I believe that Democrat politicians have become so addicted to creating crises that they can can exploit with their media connections to blame on Republicans, that they just forgot that American voters tend to be smarter than Democrat politicians.

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We have a Democratic President and Democrat control of both houses. Are American voters really that smart?

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It called "learning the hard way". But it will stick after it plays out. Sometimes folks have to learn the hard way. It's been a nice 70 year ride......

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Well barely and with their thumb on the media and legal scales. However, I think the people either have it figured out, or they will get it before the election.

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(giggle) and then (giggle)

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Dr. Anthony Fauci said should former President Donald Trump win the presidential election in 2024, he would not work in the White House again. That's comforting!

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He'll be working in a prison infirmary, if there's justice on earth.

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Then he will learn fast about all his Far-Left extremists Failures.

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And he'll get boosted daily!

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But Saint Fauci has no idea these mRNA don't cover Gastroenteritis this is what is going around and folks are testing Positive for Covid-19 with PCR test. And they really have Gastroenteritis.

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I would not call these 'far-Left' failures. This is a matter of a corrupted health care system run by the pharmas - which neither the repubs nor the dems have the will to change - but there are more Dem politicians would do this than the Republicans. Because of the money involved, almost none are "pure".

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Oh, please, no! No prisoner, no matter how heinous his crimes, deserves to have Mengele 2.0 treating him if he gets sick. Maybe we could just put Fauci in solitary confinement *under* the prison infirmary.

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Y'know, I thought about that as I was writing it, and then figured, nah, someone else will make that point!

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Taking care of dying AIDS patients... RFKJr s book......😱😱😱😱

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Fauci will be gone before January 2023 when Republicans take over the House and Senate and begin hearings into what he really knew about the WuFlu and how much he has profited from it and the jabs. There's no way he will stand for being hauled before Congress and grilled repeatedly.

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and at worst he simply fades into a cushy "we the people" funded pension. American justice at it's finest for one of the most corrupt individuals any of us will know in our lifetime. How comforting...

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Quelle horreur! 🙄🤦‍♀️🤣

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Fauci not working in the WH should give us all hope!

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Fauci should be in a Hospital setting seeing Patients.

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Don't wish such an ill on patients. Does he even have a license to practice? He's a bureaucrat.

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Uncle Joey Bare Shelves Biden is in the same situation. When Jimi Carter was President Uncle Joey was heavily on LSD at the time. So how is he or the Teleprompter supposed to now?

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Sad times we are in. Bare shelves and 2 years to go. Ron Burgundy for President! We are running out of options.

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I don’t think he has treated a patient in his entire medical career.

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hasn't. AND he's not an epidemiologist

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Hopefully, because he’ll be in The Big House!!

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has been doing these things for over 40 years in the swamp on "our" dime. What makes you believe he is held accountable now? He was asking congress just today for "more" of OUR money to fund the new and improved injections he plans to push over coming months. ZERO accountability rules the day. The #1 crisis really...in my opinion, but what do I know

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Pollyanna just believes it is way past time to remove Dr. Faucistein from his bully pulpit or at the very least, remove his step stool so he won’t be seen. Hubris and a Napoleonic complex is a dangerous combo….

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indeed

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Watching Biden and his minions dance around the topic and then fail to explain how taxing big corporations can fix inflation is just nauseating.

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Almost as nauseating as the push to jab 5 year old children with a booster....

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Wait...so Elections have CONSEQUENCES??!! Now who would have thunk it. Go ask any liberal...they will tell you they would "rather pay more for gas than have mean tweets coming from POTUS". When they say that, hand them an invoice for your last tank of gas.

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Who are you quoting? If this is your opinion then just state it. Some things will happen no matter which side is in power - and one is rising gas prices and inflation when both Repub and Dem administrations (plus the FED) goosed the economy as they thought the world was ending. The production of gas and oil will be rolling over in the next five years due to the fact that the world is running out of cheap fuel. This reality has been postponed so many times that most people don't see what is coming.

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so making oil and gas scarcer doesn't raise the prices for EVERYTHING doesn't cause inflation along with so many other things he's doing?

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Alex, I have read many times about inflation being understated from how it was calculated before. Do you know how it was calculated before and why we changed? It would be interesting to know.

According to my farmer friends "we aint seen nothin yet" Inputs into farming are up over 100% and the only reason we are not seeing those affects yet is because they are tied into contracts that will be ending this fall.

If anyone is interested in hearing about this watch Tucker Carlson interview with Alfie Oakes, who farms 3200 acres in FL. Scary stuff coming our way.

My editorial comment: we need a lot more Alfie Oakes in America!

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I believe they changed how inflation is calculated to underestimate it because: A) Higher inflation makes the people in charge look bad. And B) Inflation is tied to social security payments, more inflation = higher social security payments (which would likely lead to more inflation)

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I grew up in a farming family, live in a heavily ag state and county. I have a lot of farming friends, everything from eggs, chicken, and pigs to strawberries and corn. It’s going to be bad, and if we have a bad weather year (we’ve locally just come out of a short but significant drought) or hurricane things will get very very bad. Our state is in the top 4 for hogs, chicken, Turkey, sweet potatoes, and more. Plant a garden and stock up!

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So it seems not as bad as in the past as a guess?

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Inflation is nothing less than actual government theft. But enough sheeple keep voting and believing these assholes, so it will get worse. I'm not sure it will get better afterwards.

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Turns out not as many as we accepted. Watch 2000 Mules!!! Very revealing!!! 😳😡

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Food riots in America, coming to a city near you. Maybe that is the real reason they built the wall around the Capitol.

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Like this was NOT 100% the plan all along and those who pushed this agenda didn't know exactly what would happen and will happen. Cannot blame this on "oh I didn't know" People have such short short memories. Trump warned and warned where gas prices, costs of goods and supply chain issues would go how many times in his rallies leading up to 2020 elections. Everything he forecasted would happen has happened and then some. Just sayin...

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Since 1913 the FED has inflated away the purchasing power of a dollar by 98%, in concert with the US govt of course. They get away with it because, like the frog in the pot, it happens (mostly) so slowly that most don’t notice. Or if they do it is something to complain about but not do anything about. Inflation at any level is regressive and pernicious. The argument that the economy cannot grow without inflation is the Central Bankers trick to make you think 2% a year is ok. It’s not. Inflation is just another way the central planners and the elites rob from the masses to enrich themselves.

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Always remember that government likes inflation. Especially a government with large amounts of debt. The higher the inflation, the cheaper it is to service that outsized debt. The people suffer steep declines in living standards but the government gets off cheaply.

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Look at Europe. A case-study in people-gouging. For millennia.

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Nailed it.

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This goes farther back then what is noted here. Remember sub-prime lending which was pushed by both Clinton and Bush. The Fed came to the rescue with quantitative easing and have be doing it ever since then. The Market loves it because it helps make money for them and the pols loves it cause it made them look effective ( if you can believe that). Of course they over did it recently as these folks today are even more ignorant and greedy then they were back then.

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Agreed. The rich got used to the FED goosing the economy. Every time they tried to slow it down, the stock market would plunge. The sub-prime lending was started under Clinton but it was a small percentage of the overall mortgage market. The real damage came between 2002 and 2008. The years afterwards were a response to the 2008 financial crisis. The economy should have gone into a deep recession or depression in 2008 - but neither party (nor the public) was willing to accept this. So the government (FED really) spent/spent/spent in a misguided attempt to save the economy. No way out.

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Please understand the role of Freddie and Fanny in the mortgage market. Once their bosses got greater compensation from that business they allowed more underwriting. Bush tried to hold them back in 2006 but Congress refused. Those agencies really ended private mortgage writing that had private money at risk.

Financial engineering also started ~ 2002 which opened a derivative market for trading. Much of that was bundles of mortgages poorly prices as to risk. The smart guys knew that real estate was always low risk with rising prices for a depreciating asset (!). Then, surprise, people stopped paying. House price fell, the sub primes defaulted. Oh my.

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Everything costs way much more. WWIII is about to break out. Everyone is getting Covid again. People dropping dead left and right mysteriously. What else could go wrong?

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Time for some aliens to invade!

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Weird how this is news all of a sudden. Worrying that this may not be a joker card.

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Gee is that why they had a hearing on it?

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Sorry, we are already in WW3.

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Politicians are corrupt. Period.

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People who drive see it every time they fill up their tanks. People who grocery shop see it every week at the cash register. And people understand that the government caused it. So the idea that government is competent to fix it without creating terrible side effects is ridiculous, since they are trying to solve a problem that their screw ups created.

And I think this is also a sign that our institutions have become unhinged from reality. There's all sorts of examples; in my case, I see first hand the corruption of the education system, where merit and achievement have been thrown out the door. But we also see it with government actions; they believe that printing money with no end to finance public debt with no end is perfectly fine. They believe in these freaking mRNA vaccines though the evidence is in that they are a failure. Society needs a slap in the face to stop avoiding the truth, or we are doomed.

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This particular administration reacts instead of proacts. Every drama - Biden 4 day weekend at the beach house. Comments will be on Tuesday. Every crisis they are behind the curve. In those 4 days things unwind for regular folks. How nice to skip a stone for the latest dog to retrieve. Can't even handle a special needs dog. That said everything. You cannot control your dog, how can you control America.

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