ArcticCrusher Posted June 15, 2022 Share Posted June 15, 2022 23 minutes ago, Crnr2Crnr said: How much was the airline industry handed between 2020 & 2021 alone as one example? Infrastructure spending isn't totally abhorrent, but there's a lot of hidden waste there as well. As 'consumers of democracy' it's my opinion we don't get good value for money. My child, her children and grandchildren will be paying for the Covid stimulus pyramid scheme. Why did we need to shutdown any industry? Covid is a scam. 2 Quote Link to comment Share on other sites More sharing options...
Anler Posted June 15, 2022 Share Posted June 15, 2022 18 minutes ago, Highmark said: There is a little bit a fallacy in that statement. Not saying it isn't somewhat true but those countries supply plenty of oil to other countries including those friendly to the US. The oil still gets into the worldwide market. The US and other countries are producing less than the growth of the world economy needed coming out of COVID. Its not just oil its almost everything that has been impacted by that. Agreed and the eleventy trillion they dumped into the economy threw everything out of balance too. Creating money out of thin air and then dumping it into the global economy created a bubble while at the same time devalued the purchasing power of that money. That is also not free market capitalism. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted June 15, 2022 Platinum Contributing Member Share Posted June 15, 2022 1 minute ago, Anler said: Agreed and the eleventy trillion they dumped into the economy threw everything out of balance too. Creating money out of thin air and then dumping it into the global economy created a bubble while at the same time devalued the purchasing power of that money. That is also not free market capitalism. Said this before the admin has a perfect "excuse" for inflation but using it they would have to admit that govt over spending causes it. They simply could say we must collect higher tax revenue from the wealthy and corps to offset the spending or need to borrow (print) money. I honestly don't think they believe or understand what really causes inflation and that's why they are not shouting this from the mountain tops. Quote Link to comment Share on other sites More sharing options...
Anler Posted June 15, 2022 Share Posted June 15, 2022 1 minute ago, Highmark said: Said this before the admin has a perfect "excuse" for inflation but using it they would have to admit that govt over spending causes it. They simply could say we must collect higher tax revenue from the wealthy and corps to offset the spending or need to borrow (print) money. I honestly don't think they believe or understand what really causes inflation and that's why they are not shouting this from the mountain tops. Devalue the currency and raise taxes. Why don't they just tell everyone to kill themselves? Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted June 15, 2022 Author Share Posted June 15, 2022 6 minutes ago, ArcticCrusher said: Why did we need to shutdown any industry? Covid is a scam. I wouldn't call the virus itself a scam, but many events revolving around it may be typified as such but it's spilled milk at this juncture Jet aviation fuel accounts for roughly 8 million barrells of oil, daily. so, when govts around the world locked down most of the planet oil supply far exceeded demand, dropping the price to -$ per barrel one day and consumers temporarily benefitted during the airline shutdown. the Gov rewarded them with billions. Saudi Arabia and Russia played a large role on the supply side to restore price controls (profits) but not with anyone's best interests but their own. Wonder how many here know about the Texas railroad commission and their role in supply/demand pricing, and what they did during Covid. When oil went -$ p/b I invested because I understand worldwide demand. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted June 15, 2022 Platinum Contributing Member Share Posted June 15, 2022 8 minutes ago, Anler said: Devalue the currency and raise taxes. Why don't they just tell everyone to kill themselves? They will claim they just need to raise taxes on the wealthy and business' like they do to pay for everything else. Its not a solution but its an answer to the "what do you want to do about inflation" question they are getting daily from even the MSM now. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted June 15, 2022 Author Share Posted June 15, 2022 6 minutes ago, Highmark said: Said this before the admin has a perfect "excuse" for inflation but using it they would have to admit that govt over spending causes it. They simply could say we must collect higher tax revenue from the wealthy and corps to offset the spending or need to borrow (print) money. I honestly don't think they believe or understand what really causes inflation and that's why they are not shouting this from the mountain tops. two presidents and two parties did this... that's why neither will have an honest discussion with the American public about it. 5 minutes ago, Anler said: Devalue the currency and raise taxes. Why don't they just tell everyone to kill themselves? https://www.tradingview.com/symbols/TVC-DXY/ Dollar is doing ok in itself, purchasing power is diminished Quote Link to comment Share on other sites More sharing options...
Anler Posted June 15, 2022 Share Posted June 15, 2022 2 minutes ago, Highmark said: They will claim they just need to raise taxes on the wealthy and business' like they do to pay for everything else. Its not a solution but its an answer to the "what do you want to do about inflation" question they are getting daily from even the MSM now. Anyone who believes they are going to raise taxes on their donors is a fool. The govt is single handedly raising the cost of everything and derps like cnr2 want moar! Quote Link to comment Share on other sites More sharing options...
Anler Posted June 15, 2022 Share Posted June 15, 2022 1 minute ago, Crnr2Crnr said: two presidents and two parties did this... that's why neither will have an honest discussion with the American public about it. https://www.tradingview.com/symbols/TVC-DXY/ Dollar is doing ok in itself, purchasing power is diminished the dollar is okay but the price of everything is skyrocketing... Hmmm how does that happen? So increasing the money supply by several trillion dollars doesn't devalue the dollar? Interesting. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted June 15, 2022 Author Share Posted June 15, 2022 4 minutes ago, Anler said: The govt is single handedly raising the cost of everything and derps like cnr2 want moar! whut da fuk? omg... Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted June 15, 2022 Platinum Contributing Member Share Posted June 15, 2022 6 minutes ago, Crnr2Crnr said: two presidents and two parties did this... that's why neither will have an honest discussion with the American public about it. https://www.tradingview.com/symbols/TVC-DXY/ Dollar is doing ok in itself, purchasing power is diminished Honestly I was against most of the COVID spending Trump pushed thru however they would have impeached him or used the 25th to remove him if he didn't. The level of insanity during 2020 was off the charts. 1 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted June 15, 2022 Author Share Posted June 15, 2022 someone else want to help anler? Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted June 15, 2022 Author Share Posted June 15, 2022 8 minutes ago, Highmark said: Honestly I was against most of the COVID spending Trump pushed thru however they would have impeached him or used the 25th to remove him if he didn't. The level of insanity during 2020 was off the charts. have you seen the 'payment plan' for all of the stimulus yet? it involves high inflation Quote Link to comment Share on other sites More sharing options...
racer254 Posted June 15, 2022 Share Posted June 15, 2022 (edited) 17 minutes ago, Highmark said: Honestly I was against most of the COVID spending Trump pushed thru however they would have impeached him or used the 25th to remove him if he didn't. The level of insanity during 2020 was off the charts. And the 1.9 trillion dollar stimulus was passed strictly along party lines in 2021 as well, so to say 2 parties and 2 presidents did this is messed up. Don't get me wrong, I did not favor the CARES act either, but when things pass strictly along party lines, that is a problem 26 minutes ago, Crnr2Crnr said: two presidents and two parties did this... that's why neither will have an honest discussion with the American public about it. https://www.tradingview.com/symbols/TVC-DXY/ Dollar is doing ok in itself, purchasing power is diminished Edited June 15, 2022 by racer254 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted June 15, 2022 Author Share Posted June 15, 2022 https://fortune.com/2021/03/10/how-is-stimulus-paid-for-who-pays-for-stimulus-package-checks-payments-benefits-covid-relief-taxes/ Boomers win again... Quote Link to comment Share on other sites More sharing options...
Anler Posted June 15, 2022 Share Posted June 15, 2022 9 minutes ago, Crnr2Crnr said: https://fortune.com/2021/03/10/how-is-stimulus-paid-for-who-pays-for-stimulus-package-checks-payments-benefits-covid-relief-taxes/ Boomers win again... Sounds like fReE mARkEt CaPiTaLiSm!!!111 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted June 15, 2022 Platinum Contributing Member Share Posted June 15, 2022 Inflation is here to stay boys and girls for quite a few years down the road. Get use to it. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted June 15, 2022 Author Share Posted June 15, 2022 1 hour ago, Highmark said: Inflation is here to stay boys and girls for quite a few years down the road. Get use to it. yup, as is the finger pointing Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted June 15, 2022 Author Share Posted June 15, 2022 J Powell bumping 50-75bp but no one has any idea what will happen. I do... Quote Link to comment Share on other sites More sharing options...
motonoggin Posted June 15, 2022 Share Posted June 15, 2022 There's no such thing as "free" market capitalism. It's all just capitalism. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted June 15, 2022 Share Posted June 15, 2022 Its always the governments fault when you hate the government. Most here were crowing about their homes doubling in value. Many here took cash out and did stupid buys like new vehicles, sleds etc….even paying more than list cause the were flush and thought they were 1 percenters. Never looking back at history to learn it all comes crashing down again. Money has been free for too long and now it’s over. Then add a war and a pandemic. Look in the mirror. Quote Link to comment Share on other sites More sharing options...
Pete Posted June 15, 2022 Share Posted June 15, 2022 5 minutes ago, Mainecat said: Its always the governments fault when you hate the government. Most here were crowing about their homes doubling in value. Many here took cash out and did stupid buys like new vehicles, sleds etc….even paying more than list cause the were flush and thought they were 1 percenters. Never looking back at history to learn it all comes crashing down again. Money has been free for too long and now it’s over. Then add a war and a pandemic. Look in the mirror. You didn’t build that Quote Link to comment Share on other sites More sharing options...
Anler Posted June 15, 2022 Share Posted June 15, 2022 22 minutes ago, Mainecat said: Its always the governments fault when you hate the government. Most here were crowing about their homes doubling in value. Many here took cash out and did stupid buys like new vehicles, sleds etc….even paying more than list cause the were flush and thought they were 1 percenters. Never looking back at history to learn it all comes crashing down again. Money has been free for too long and now it’s over. Then add a war and a pandemic. Look in the mirror. Most people are financially irresponsible, I won't argue with that. But the govt is who puts every obstacle into our lives. And right now they are fucking up the entire world. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted June 15, 2022 Share Posted June 15, 2022 6 minutes ago, Anler said: Most people are financially irresponsible, I won't argue with that. But the govt is who puts every obstacle into our lives. And right now they are fucking up the entire world. What obstacle is in your way? Quote Link to comment Share on other sites More sharing options...
Anler Posted June 15, 2022 Share Posted June 15, 2022 1 minute ago, Mainecat said: What obstacle is in your way? Oh I don't know, name one thing people do in their daily lives that doesn't require a license or a tax. My job is 100% regulated by govt and govt at several levels. County, city, state and fed. I know phd's in our industry that still can't claim they fully know all of the regs. Quote Link to comment Share on other sites More sharing options...
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