Inflation

Is Inflation Biden's fault?

  • Yes

    Votes: 20 41.7%
  • No

    Votes: 28 58.3%

  • Total voters
    48

Fogdog

Well-Known Member
Incorrect. Currency is created by the borrower via endorsement and vetting at the time of a loan. It's so elementary I'm not sure why you would attempt to deny it.

That's just us though. What are the future earnings the government trades?
I don't know what world you live in but the borrower agrees to pay the loan off and folks like me do so through their work. Through our hard work is the money supply expanded. Maybe you don't, I'm aware that some people don't intend to pay it back, which is one reason credit card interest rates are so high.

Do you enjoy the peanuts your handler gives you for banging on that tin drum, monkey
 

Fogdog

Well-Known Member
I don't see how anyone can see the effects of the pandemic, disruption of the supply chain, a progressive rate of automation, necessary emergency stimulus strategies, Putin's war and his attempts to disrupt the food supply along with the needed sanctions to fight for Ukriane and democracy, global inflation, and then come away thinking "Why didn't Biden and the Fed fix this last week?" or "Tariff-boy would know what to do. He just likes to keep it a secret."
Agree.

What that monkey is banging on about has nothing to do with the inflation we are currently experiencing.
 

ActionianJacksonian

Well-Known Member
I don't know what world you live in but the borrower agrees to pay the loan off and folks like me do so through their work. Through our hard work is the money supply expanded. Maybe you don't, I'm aware that some people don't intend to pay it back, which is one reason credit card interest rates are so high.

Do you enjoy the peanuts your handler gives you for banging on that tin drum, monkey
So you default and the loan is extracted from the supply then.
 

ActionianJacksonian

Well-Known Member
Yeah, that's called a default.

When too many people default it's called an economic crisis, like the one Republicans created in 2008.

Enjoy those peanuts, monkey.
When a borrower defaults its called default.

LOL

Thank you so much for this peanut. Its very tasty. I think I will boil it.
 

ActionianJacksonian

Well-Known Member
At the end of the Revolutionary War we printed tons of paper money to induce inflation. It was a way for us to retire our debts from the war at a fraction of their real value. I don't think that is the plan this time around.
That's a good example and I think you're saying we retired the debt at a fraction of the cost by screwing over anyone that was paid in that Continental currency and saved it.

Rome is a good example imo because Nero debased silver then replaced it with "worthless" copper, then debased that to collapse. Interesting to note the US can't afford silver since the 60's and then couldn't afford copper about 30 years ago.

What I know of Henry VIII is that he debased his Coinage to pay for divorces, war ect. and Elizabeth I had to clean it up by issuing new intrinsic Coinage that was pure.

All 13 Colonies had their own paper currency I think all were inflated tremendously at least most pretty sure. I'm iffy on that though.

Continental dollar was printed past hyperinflation to pay soldiers mostly I think and I'm pretty sure the term "confetti" was born at this time. Alexander Hamilton had to fix that by defining and pegging the silver dolera to gold. This is why noone can find the definition of a Dollar in the US. They always stop at the Constitution but the definition is contained in the Continental Congress.

Weimar Republic printed to hyperinflation, collapse; but not before a national gun registry of course all immediately siezed upon by Hitler.

Argentina has never really recovered from the 1950's but they still manage to make the quite high quality (imho) Bersa TPR series of firearms.

Zimbabwe literally printed a hundred trillion dollar bill. Weren't we about to mint a trillion dollar coin not long ago?

Pretty sure we can officially add Sri Lanka to that list too but hey, they still rocking that 98 near-perfect ESG score.
 

ActionianJacksonian

Well-Known Member
Your translator needs an upgrade. I implied nothing. I said this:

"What that monkey is banging on about has nothing to do with the inflation we are currently experiencing."

There is nothing implied in that statement, monkey.
Inflation is more currency in the supply. If it helps you, we can call this monetary inflation. What we are experiencing now is a combination of artificial supply/demand fueled price increases (non-monetary inflation if you wish) and actual currency inflation.

Not distinguishing these two is you pooping peanuts in diarrhea form.
 

Fogdog

Well-Known Member
Inflation is more currency in the supply. If it helps you, we can call this monetary inflation. What we are experiencing now is a combination of artificial supply/demand fueled price increases (non-monetary inflation if you wish) and actual currency inflation.

Not distinguishing these two is you pooping peanuts in diarrhea form.
goddamn

you are one ignorant bastard.

"artificial supply/demand fueled prices".

lol

Did your handler tell you to say that in exchange for a few peanuts?

Your basic problem is your cynicism shuts down your ability to think clearly.

You are desperate and not making sense. Go make me a sammich.

What did I imply when I said that?

lulz.
 

ActionianJacksonian

Well-Known Member
goddamn

you are one ignorant bastard.

"artificial supply/demand fueled prices".

lol

Did your handler tell you to say that in exchange for a few peanuts?

Your basic problem is your cynicism shuts down your ability to think clearly.

You are desperate and not making sense. Go make me a sammich.

What did I imply when I said that?

lulz.
Consession that new currency is created at the time of a loan and not over time by the fulfillment of debt obligation.
 

ActionianJacksonian

Well-Known Member
This is the narrative, that our inflation is the highest "since the 80's" when the fact is if we measure now with the same formula of the 80's it's the highest in our recorded history.

I blame Fox News primarily for this narrative as they are the highest rated news network than all others combined. Currently they are reporting the same, highest in 40 years.

Advances in tech, automation ect to explain the recalculation falls a bit flat imo because tech and automation makes things easier to produce and would drive prices down with no artificial constraints and any new productive currency. Televisions are a good example.

The supply side issues in the article must certainly include fossil fuels, which we are the global driver of. When we ramp up production or merely signal intent to by just a few million barrels a day, the futures drop overnight and world energy prices quickly follow.

We just shut down a refinery like a month ago and haven't allowed a new one since the 70's yet there is a pandering cry for refineries here to do more.
 

Fogdog

Well-Known Member
Consession that new currency is created at the time of a loan and not over time by the fulfillment of debt obligation.
lulz

your translator needs an upgrade. "Consession" lol. You are simply wrong and too stupid to admit it or perhaps you don't even know how wrong you are. Just take the L and go back to posting stupid spam-memes that were written for idiots like you. At least that is within your skill set.

Each post earns the monkey another peanut.
 

potroastV2

Well-Known Member
lulz

your translator needs an upgrade. "Consession" lol. You are simply wrong and too stupid to admit it or perhaps you don't even know how wrong you are. Just take the L and go back to posting stupid spam-memes that were written for idiots like you. At least that is within your skill set.

Each post earns the monkey another peanut.

"Look at that little monkey go!"

Last quote by Howard Cosell. :lol:


:mrgreen:
 
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