The economic reality of Leftism

[~Rocktar~]

The Covid money printing started under the trump admin and your disingenuous ass knows it.

You dumb fuck: https://www.forbes.com/sites/billyba...h=fa89dac6ebcb

And that somehow excuses the fact that 40% FOURTY FUCKING PERCENT of the US money supply has been created under Biden? Fuck off you shit stain. And the fucking Socialist shit bags are again printing more money supposedly with the "Inflation Protection act" again with half a trillion in spending on GARBAGE and with taxes on the poor and middle class.

Now fuck off.

[Jeril]

No he didn't. He was pushed out by his fellow snakes but is clinging on like a badly formed turd.



Most of this fucking thread is whataboutery that means nothing relevant to the thread, including foaming-at-the-mouth boy, posting some shit about some knobber being arrested by a bunch of fucknuggets.




That they do...to warn people not to buy kitchen knives, or something.



Ohai...knobber.

There is a house in the town I live, not far from me, that is older than the entirety of the United States of America. You didnt give the world shit worth talking about. Get back in your box.



Socialism is the way forward. Not communism. Socialism works just fine in lots of places. You are just too blinded to see it.

Define just fine and name some places? Because I doubt those places are nearly as great as you think they are.

[SHAFT]

Define just fine and name some places? Because I doubt those places are nearly as great as you think they are.

You travel outside of the US much?

[SHAFT]

And that somehow excuses the fact that 40% FOURTY FUCKING PERCENT of the US money supply has been created under Biden? Fuck off you shit stain. And the fucking Socialist shit bags are again printing more money supposedly with the "Inflation Protection act" again with half a trillion in spending on GARBAGE and with taxes on the poor and middle class.

Now fuck off.

Your figures are probably off because you’re insane. Are you dismissing the fact that the trump admin began the Covid money printing?

Keep in mind before you type your deranged post, Covid did begin when trump was in office.

[~Rocktar~]

Your figures are probably off because you’re insane. Are you dismissing the fact that the trump admin began the Covid money printing?

Keep in mind before you type your deranged post, Covid did begin when trump was in office.

None of that has anything at all to do with Biden fuckwit. And no, my numbers are correct, even understated. Now piss off shitbag.

President Joe Biden has blamed greedy corporations for inflation.

His press office put out an entire fact sheet blaming meat companies (specifically, Tyson Foods, Cargill, JBS, and National Beef Packing), and oil companies (specifically, Exxon Mobil and Chevron).

The meat companies responded, noting that their price increases were the result of labor shortages due to COVID-19 and the slow return to the labor force due to enhanced unemployment payments.

As for oil, it’s an international commodity. U.S. price increases are due to OPEC, not Exxon Mobil or Chevron. Also, markets reflect the expectation that U.S. oil production will fall due to the administration’s hostility to fossil fuels.

Further, the White House misses one fundamental point in blaming inflation on industrial greed or collusion: why now? If higher prices were to be obtained by companies getting together to restrict supply, companies would have done this already. There is nothing in recent economic developments to suggest that the opportunity for collusion or monopoly pricing by U.S. food and oil producers has suddenly grown. American price levels have gone up, but nothing in America’s industry structure has changed. It’s a very weak case of causation if the timing does not match.

Focusing on the convenient political target, greedy companies, takes attention away from what really caused inflation and, thus, what can curb it.

The U.S. money supply increased from December 2019 to December 2021 by 41%. This was the largest increase in the money supply in modern American economic history. Inflation was sure to follow.

A simple illustration should demonstrate how this works. If tomorrow, the Federal Reserve announced that it was printing new paper currency and would give holders of U.S. dollars two dollars for every one dollar they turn in, what would happen to prices? They would double.

In December 2019, inflation was running at 2.3%. Two years later, it is at 7%. The increase is actually less than would follow from the increase in the money supply, but it can be expected to catch up. Not all of the 41% increase in the money supply immediately went into the economy. The increase was designed to fund the massive federal expenditures to offset the economic contraction caused by COVID-19; but it actually was so much, so fast, that banks could not lend it out fast enough. Instead, some of the increased money supply was kept in savings by individuals, and banks themselves, earning interest above the then-low inflation rate by keeping the extra money on deposit at the federal reserve bank. With the easing of strict COVID lockdowns, this money began to be spent by consumers and lent out by banks. Its effect on prices could only be delayed, not eliminated.

** emphasis added

https://www.ocregister.com/2022/01/3...itics-suggest/

[Shaps]

Wow... turns out you're just another piece of shit leftist after all. Here thought could have a nice conversation, but you gotta be a dick.

All good. Can kick your ass in conversation, like the US kicked your ass a couple hundred years ago. Made you all our bitches we did. That's what we gave the world... destroyed the colonialist British Empire. So there's number 1 for ya.

While you all were still eating tea and crumpets, and shagging your aunties, we were making the car, the plane, and everything in between. You're welcome for the internet and almost all forms of entertainment.. modern medicine and essentially most everything else.

Socialism is a plague. Caste system is a plague. Communism is a plague. Monarchies are a plague.

When people are given freedom to advance and earn for themselves, without government control (not representation) ... the US and all of the advancements that humanity has achieved in the past 200 years (compared to the previous 10,000) is astounding.

Amazing what happens when government doesn't fully control the human mind.

[Shaps]

You travel outside of the US much?

Been all around the world, and Timbuktu.. your point?

[Parkbandit]

Socialism is the way forward. Not communism. Socialism works just fine in lots of places. You are just too blinded to see it.

Tell that to Venezuela. They were the poster child of how socialism "is the way forward" in the 1990's.

I don't believe you are too blinded... just way too naïve.

[Methais]

No he didn't. He was pushed out by his fellow snakes but is clinging on like a badly formed turd.



Most of this fucking thread is whataboutery that means nothing relevant to the thread, including foaming-at-the-mouth boy, posting some shit about some knobber being arrested by a bunch of fucknuggets.




That they do...to warn people not to buy kitchen knives, or something.



Ohai...knobber.

There is a house in the town I live, not far from me, that is older than the entirety of the United States of America. You didnt give the world shit worth talking about. Get back in your box.



Socialism is the way forward. Not communism. Socialism works just fine in lots of places. You are just too blinded to see it.

[Alfster]

In case you missed it, Biden's government shut down the major manufacturer of baby formula (without proof the contamination occurred in the factory) for like 6 months. Without a contingency plan.

Interesting way to say, "Private entity lacked specific hygiene requirements in their manufacturing process that resulted in multiple deaths of babies." The factory had a cesspool of violations, which are publicly available.

Again - would you rather they let them keep running and producing harmful products? How many dead babies are okay?