US Politics : Biden 100 days edition

[The_Right_Honourable_Brit]

https://twitter.com/i/web/status/1405277271821230082

 

[NarrowBandFtw]

Our reserve bank does it with target and then increase or decrease interest rates. That's letting inflation run and controlling it.

We'll see how much US rates go up. I doubt it. They export their inflation to the rest of the world. So it is unlikely to be a real problem. I don't think they could ever reach 10% never mind hyperinflation. Just because there is no other viable alternative. Everyone else are also printing.

Our reserve bank actually responds before the upper target is breached, the US is talking about potentially responding to a target breach two years after the fact ... that is letting it run

They do still get to export that inflation yes, but everything has its limits ...

China and Russia ditch dollar in move toward 'financial alliance'

Greenback's share of neighbors' trade falls below 50% for first time

asia.nikkei.com

7 Countries Considering Abandoning the US Dollar (and What It Means) – Currency Trading.net

www.currencytrading.net

 

[rietrot]

Our reserve bank actually responds before the upper target is breached, the US is talking about potentially responding to a target breach two years after the fact ... that is letting it run

They do still get to export that inflation yes, but everything has its limits ...

China and Russia ditch dollar in move toward 'financial alliance'

Greenback's share of neighbors' trade falls below 50% for first time

asia.nikkei.com

7 Countries Considering Abandoning the US Dollar (and What It Means) – Currency Trading.net

www.currencytrading.net

China sits on the opposite side of most of these trade deals were they want to abandon the dollar.

You can say what you want about US printing and I would agree, but China and the yuan is not an alternative .

 

[SoldierMan]

Good piece here on the relative risk of inflation and the massive opportunity cost of overreacting to it.

Opinion | How to Have a Roaring 2020s (Without Wild Inflation)

Manage the boom, don’t fight it.

www.nytimes.com

Hahahaha liberals trying desperately to alter reality itself. Or rather trying to con the ignorant masses that massive money printing and dishing it out like candy won't have dire consequences on the economy long term.

 

[konfab]

https://twitter.com/i/web/status/1405219989712424966

Bruh

 

[konfab]

Good piece here on the relative risk of inflation and the massive opportunity cost of overreacting to it.

Opinion | How to Have a Roaring 2020s (Without Wild Inflation)

Manage the boom, don’t fight it.

www.nytimes.com

Written by someone who wrote a book called: Freedom from market.

Odd that someone wanting to rid the US of the evils of capitalism would put their article behind a paywall. Why can't they free themselves from the market and release their book in the public domain and publish all their work on the Internet with no paywalls.

Opinion | How to Have a Roaring 2020s (Without Wild Inflation) - The …

archived 16 Jun 2021 01:51:42 UTC

archive.is

Anyway...

This moron is equating the world in 2021 to the world post WW2.
Big problem with that, the reason why the US had the post war boom was because it was the only large industrialised country that didn't get bombed and wrecked by war.

The only country that is going to have a boom after the pandemic will be China because they got rid of the lockdown the moment the piggus in the West decided it was a clever thing.

 

[rietrot]

Written by someone who wrote a book called: Freedom from market.

Odd that someone wanting to rid the US of the evils of capitalism would put their article behind a paywall. Why can't they free themselves from the market and release their book in the public domain and publish all their work on the Internet with no paywalls.

Opinion | How to Have a Roaring 2020s (Without Wild Inflation) - The …

archived 16 Jun 2021 01:51:42 UTC

archive.is

Anyway...

This moron is equating the world in 2021 to the world post WW2.
Big problem with that, the reason why the US had the post war boom was because it was the only large industrialised country that didn't get bombed and wrecked by war.

The only country that is going to have a boom after the pandemic will be China because they got rid of the lockdown the moment the piggus in the West decided it was a clever thing.

Well equating rebuilding after WW2 with rebuilding after Carona almost makes sense, until you realize we still have all the infrastructure, nothing got destroyed by bombs it is all just abandoned because of government lockdowns. So what is there really to rebuild?

Probably the systematic racism systems of oppression.

Build back better, yeah.

The extra inflation isn't going to fix the wealth that got destroyed by closing small businesses. Exactly the opposite, it will make it worse.

 

[buka001]

https://twitter.com/i/web/status/1405219989712424966

Bruh

That American exceptionalism at it again.

Chile says hi.

And so does practically half of Asia and Central/ South America.

 

[The_Right_Honourable_Brit]

https://twitter.com/i/web/status/1405219989712424966

Bruh

Biden forgetting about all the US involvement in elections in South America during the Cold War?

 

[yebocan]

Lincoln Project Co-Founder Steve Schmidt Steps Down Amid Scandal

Matt Winkelmeyer/GettyLincoln Project co-founder Steve Schmidt stepped down from the anti-Trump group on Friday—releasing an explosive statement in which he disclosed he was sexually abused as a teen, raged against a fellow co-founder who stands accused of harassment, and apologized to yet...

news.yahoo.com

hopefully he was not the creative spark of their lit content...

 

[Hamish McPanji]

Making fun of a senile old man is boring. The left relishes childish insults and could go on about how orange Trump was for years but on the other side of the political spectrum we have better things to do.

You could have fooled me. It seems like that's all that's being done on the other side of the political spectrum.

 

[cerebus]

BS propaganda, every super power in history, ever, thought it could let inflation run and control it, hence they were replaced by another super power instead

What in the bloody blue hell are you talking about?

 

[buka001]

Biden forgetting about all the US involvement in elections in South America during the Cold War?

And Asia, the Middle East, Africa and hell even Australia.

1975 Australian constitutional crisis - Wikipedia

en.m.wikipedia.org

 

[RanzB]

Making fun of a senile old man is boring. The left relishes childish insults and could go on about how orange Trump was for years but on the other side of the political spectrum we have better things to do.

Yeah, if by better things you mean restrict freedoms and ignore glaring issues.

It's the Conservative way, after all

 

[NarrowBandFtw]

What in the bloody blue hell are you talking about?

how was that not clear?

the opinion piece harps on about "managing the boom" ostensibly "without wild inflation", yet entirely disregards the fact that the boom now and the boom in war time is the inflation

where did the money come from to pay for the insane war time production? where did the money come from for the S&P500 all time highs? ... that's right, the money printer in both cases, there is no boom, there is only inflation

pretending otherwise is either a sign of ignorance or one of trying to push the whole BS narrative that current US inflation is "transitory"

 

[rietrot]

Yeah, if by better things you mean restrict freedoms and ignore glaring issues.

It's the Conservative way, after all View attachment 1090281

Shame. Poor women wont have the freedom to murder their babies, how bad, how conservative.

 

[Temujin]

Cesspool art world now laundering the bidens loots for them

All sales of Biden's artwork will be kept confidential

/shocked

Hunter Biden's abstract paintings will sell for up to $500K each

Hunter Biden, 51, who has no professional background as an artist, revealed last year that he was now a full-time painter and was planning his first solo exhibit in New York City this fall.

www.dailymail.co.uk

 

[The_Right_Honourable_Brit]

Good piece here on the relative risk of inflation and the massive opportunity cost of overreacting to it.

Opinion | How to Have a Roaring 2020s (Without Wild Inflation)

Manage the boom, don’t fight it.

www.nytimes.com

Lots of wishful thinking in that article. Biden's administration can't afford high inflation as that will eat into their electoral prospects. There's a reason why one of the generally accepted principles of reserve banks across the world is to control/limit inflation. High inflation is an unequivocally bad thing.

 

[cerebus]

how was that not clear?

Ok I'll just take the "every super power in history, ever" part as an absurd bit of hyperbole or you literally think that the fall of every single empire is due to hyperinflation?

 

[NarrowBandFtw]

Ok I'll just take the "every super power in history, ever" part as an absurd bit of hyperbole or you literally think that the fall of every single empire is due to hyperinflation?

Rome, Spain and Britain come to mind

and I didn't say hyperinflation