Well 4.2% inflation in April... Not looking good for the Dems.

[bullitpdq68]

There really is to much money out there...we are seeing an economy overheating. Could spell trouble for the dems come 2022....but I am sure it will be because of Trump....just ask him.

https://www.cnbc.com/2021/05/12/inf...-wrong-that-the-price-spike-is-temporary.html

 

[Expect2Win]

There really is to much money out there...we are seeing an economy overheating. Could spell trouble for the dems come 2022....but I am sure it will be because of Trump....just ask him.

https://www.cnbc.com/2021/05/12/inf...-wrong-that-the-price-spike-is-temporary.html

Ask him? I am confused.

 

[bullitpdq68]

Ask him? I am confused.

Lol understand, Just saying if inflation stays hot the Dems are going to be in trouble... and because of that it could be possible for the Pubs to win back either one or both the senate and house in 2022 which is normal for mid terms....But if you ask Trump it will be all because of him.....

 

[Expect2Win]

Gotcha sorry about that. I read it as inflation was going to be because of Trump and I didn't think that made sense. Completely my fault. I agree that is going to be a problem and if it does change the makeup of the House Trump will claim it. However, I heard Biden say something interesting during the early stages of the pandemic. It was time to look at our economy and maybe we were in a situation where a strong deflation could allow for a more stabilized economy down the road, the short term would be a disaster, but the long term could stabilize things. I assumed he was thinking like a one-term president, but now that he is trying to cement a legacy and continue democratic control I haven't heard any more about it.

 

[bullitpdq68]

Gotcha sorry about that. I read it as inflation was going to be because of Trump and I didn't think that made sense. Completely my fault. I agree that is going to be a problem and if it does change the makeup of the House Trump will claim it. However, I heard Biden say something interesting during the early stages of the pandemic. It was time to look at our economy and maybe we were in a situation where a strong deflation could allow for a more stabilized economy down the road, the short term would be a disaster, but the long term could stabilize things. I assumed he was thinking like a one-term president, but now that he is trying to cement a legacy and continue democratic control I haven't heard any more about it.

Biden will be 82 the next election cycle, he honestly needs to be a one term guy. I think it is time to look at putting a cap on how old you can be to run for president. 78 was really to me to old...But I think like anybody once elected things change you like that power, Biden now wants a second term that will be trouble for the Dems...

But really we have way to much money in the economy, people want to purchase but there is nothing out there.

I was glad to see that several states are going to shut down the $300 in federal unemployment. I don't disagree it might be a mistake but I really think right now people can make $625 a week unemployment that is over $15 an hour!! My daughter makes $12 and purchased a new home has a kid and is single and doing fine, and her company has many openings they cannot fill. No way should somebody make more in unemployment than somebody who is working and making it.

 

[Expect2Win]

I think we still need to be covering the quarantined patients though. If someone gets quarantined they shouldn't be losing their salary, through no fault of their own.

 

[bullitpdq68]

I think we still need to be covering the quarantined patients though. If someone gets quarantined they shouldn't be losing their salary, through no fault of their own.

Yes if your Job will not cover then yes I can agree with that.

 

[MGHS]

Gotcha sorry about that. I read it as inflation was going to be because of Trump and I didn't think that made sense. Completely my fault. I agree that is going to be a problem and if it does change the makeup of the House Trump will claim it. However, I heard Biden say something interesting during the early stages of the pandemic. It was time to look at our economy and maybe we were in a situation where a strong deflation could allow for a more stabilized economy down the road, the short term would be a disaster, but the long term could stabilize things. I assumed he was thinking like a one-term president, but now that he is trying to cement a legacy and continue democratic control I haven't heard any more about it.

Sound Like Biden is taking a economic Reset......Policy....

The Great Reset

There is an urgent need for global stakeholders to cooperate in simultaneously managing the direct consequences of the COVID-19 crisis. To improve the state of the world, the World Economic Forum is starting The Great Reset initiative.

www.weforum.org

Now is the time for a 'great reset'

The changes we have already seen in response to COVID-19 prove that a reset of our economic model is possible. Professor Klaus Schwab outlines how to achieve it.

www.weforum.org

Here is the other side of the coin in thought

Introducing the ‘Great Reset,’ world leaders’ radical plan to transform the economy

America is the world’s most powerful, prosperous nation precisely because of the very market principles the Great Reset supporters loathe, not in spite of them.

thehill.com

The Great Reset: a fresh start or yet another assault on freedom?

The World Economic Forum’s latest big idea is being trumpeted as a new beginning for the global economy. Yet in truth there is nothing new about it – and nothing appealing either. Stuart Watkins explains

moneyweek.com

This one is a bit more moderate

A Look at the 'Fascist' Agenda Behind the 'Great Reset' and the WEF's Reboot Propaganda – Op-Ed Bitcoin News

The World Economic Forum (WEF) and other entities like Time have been promoting the financial reboot propaganda.

news.bitcoin.com

 

[MGHS]

I think we still need to be covering the quarantined patients though. If someone gets quarantined they shouldn't be losing their salary, through no fault of their own.

Most Q time now is like 9 days.....So yeah a one week payment is ok. But at this point people are making bank by living off the Printed money. Companies can't find workers...

A labor shortage is forcing chains like Subway and Dunkin' to cut hours, close dining rooms, and push employees to work harder than ever

McDonald's, Subway, Dunkin' and other fast-food chains are scrambling to find workers to fill open positions as the economy reopens.

www.businessinsider.com

I mean if you give people more money to stay home than they can make doing a honest day work then this is what you get.

 

[3Rfan]

Most Q time now is like 9 days.....So yeah a one week payment is ok. But at this point people are making bank by living off the Printed money. Companies can't find workers...

A labor shortage is forcing chains like Subway and Dunkin' to cut hours, close dining rooms, and push employees to work harder than ever

McDonald's, Subway, Dunkin' and other fast-food chains are scrambling to find workers to fill open positions as the economy reopens.

www.businessinsider.com

I mean if you give people more money to stay home than they can make doing a honest day work then this is what you get.

We've been living off printed money my whole life.

 

[MGHS]

Well I agree with that LOL....

 

[r14veer]

We've been living off printed money my whole life.

If you really look at it, fractional reserve banking is such a scam. We have been running our economy on pretend money for quite some time. Of course, if you get down to it, all money is a social contract that is basically pretend anyway.

 

[MGHS]

Yeah once Nixon took us off the Gold Standard it became a big Farce in a lot of ways. Basically saying because We are America that this money is a legit form of Barter based on nothing but the Stars and Stripes.

If people one day wake up and decide that Green Backs have no value and that a person Needs Bit Coins, Precious Metals, Gems,Grain/FOOD etc. to do trade then all a lot of people have is green TP.....or imagined numbers in a electronic bank account.

 

[r14veer]

Yeah once Nixon took us off the Gold Standard it became a big Farce in a lot of ways. Basically saying because We are America that this money is a legit form of Barter based on nothing but the Stars and Stripes.

If people one day wake up and decide that Green Backs have no value and that a person Needs Bit Coins, Precious Metals, Gems,Grain/FOOD etc. to do trade then all a lot of people have is green TP.....or imagined numbers in a electronic bank account.

Yeah, the thing about the gold standard is that gold has a practical value as well as a monetary value: it is the third best conductor of electricity (behind silver and copper) in its pure form, and, as such, it is used in a lot of our electronics. What sets pure gold as a component in electronic devices apart from silver and copper is that it doesn't tarnish when exposed to air.

 

[3Rfan]

Yeah, the thing about the gold standard is that gold has a practical value as well as a monetary value: it is the third best conductor of electricity (behind silver and copper) in its pure form, and, as such, it is used in a lot of our electronics. What sets pure gold as a component in electronic devices apart from silver and copper is that it doesn't tarnish when exposed to air.

I assume some of you folks can tell me what the hell Bitcoin, or any of this 'crypto currency', is and why it's worth a plug nickel. How do you just invent something like that and make it so valuable? Why is it worth anything on the stock market, much less thousands of dollars?

 

[MGHS]

I assume some of you folks can tell me what the hell Bitcoin, or any of this 'crypto currency', is and why it's worth a plug nickel. How do you just invent something like that and make it so valuable? Why is it worth anything on the stock market, much less thousands of dollars?

Short answer is that it's valued by a certain number of people/business etc. And For that reason many thought it would fail. But as long as enough people are willing to accept it as a legit form of payment it has as much value as was pointed out by R14veer as the Value of the Federal dollar which is just based on the belief it has value as well since we went away from the Gold standard.

 

[3Rfan]

Short answer is that it's valued by a certain number of people/business etc. And For that reason many thought it would fail. But as long as enough people are willing to accept it as a legit form of payment it has as much value as was pointed out by R14veer as the Value of the Federal dollar which is just based on the belief it has value as well since we went away from the Gold standard.

It is not the currency of this country or any other as far as I know. If pick up a bunch or old RR spikes and call currency they still would be worth more that the price of scrap. Why did anybody ever decide this junk is actual worth money?

 

[MGHS]

Yeah, the thing about the gold standard is that gold has a practical value as well as a monetary value: it is the third best conductor of electricity (behind silver and copper) in its pure form, and, as such, it is used in a lot of our electronics. What sets pure gold as a component in electronic devices apart from silver and copper is that it doesn't tarnish when exposed to air.

Yes and the fact that Gold doesn't oxidize makes it even harder to locate than silver and copper. Besides Chicks think it pretty as well and never underestimate the power of women to Drive up the price of a commodity.

I mean clearly Diamonds are massively abundant but the Diamond Cartel and the Desire by women to have a New Rock drive the Price sky high.

The Real Reason Why Your Diamonds Aren't Valuable - The List

The bigger the diamond, the more valuable the ring — right? Actually, no. Here's why diamonds — of any size — aren't as valuable as you may think.

www.thelist.com

I've know this for decades....but man the Marketing and Culture can't be over come. Diamonds are not rare and the previously owned Diamonds if people would buy them as opposed to new well that would destroy the market.

 

[r14veer]

It is not the currency of this country or any other as far as I know. If pick up a bunch or old RR spikes and call currency they still would be worth more that the price of scrap. Why did anybody ever decide this junk is actual worth money?

Anything, literally anything could be currency if enough people believe it has value either intrinsically or through just market valuation.

 

[MGHS]

I hope Verbal BS and Bad singing can be monetized soon.....then I'd be as Rich as a Sultan!!!

 

[r14veer]

I hope Verbal BS and Bad singing can be monetized soon.....then I'd be as Rich as a Sultan!!!

You've heard of Bob Dylan, God love him? One of my favorite songwriters, but man, he cannot sing his way out of a wet paper bag.

 

[MGHS]

You've heard of Bob Dylan, God love him? One of my favorite songwriters, but man, he cannot sing his way out of a wet paper bag.

One of my GF favorite is Willie Nelson ......same thing. But I like both of their Music....so Being Rich is Still in the CARDS!!!

 

[cru66]

nm

 

[kaskaskiakid]

I agree with you fellers!!

Time to shut off the money tap. We screwed the pooch on the stimulus. Everybody gladly took the stimulus money but we gave it away to many, many people and businesses who never lost a day of work or lost money because of the pandemic. I'm on a pension so I could use the extra income, but I would have survived fine without it. Personally, I know very few people who were out of work, besides recreation, food, and entertainment businesses. Stimulus money should have been based on proof the pandemic was causing you to lose income. But Congress wanted to make everybody happy and feel better about what our government was doing.

Time to cut off unemployment!! Too many places looking for workers!!

Biden is one term. Trump can't win the election either, Jan 6 and The Big Lie have alienated all but the hardcore Trumpers.

Agree on an age limit for president, AND Congress, AND Supreme Court!! 80 works for me.

 

[Expect2Win]

I think 75 would be better.

 

[r14veer]

I think 75 would be better.

42. Because it's the answer the Life, the Universe, and Everything.

 

[MGHS]

You hitchhiker you.....

 

[3Rfan]

I agree with you fellers!!

Time to shut off the money tap. We screwed the pooch on the stimulus. Everybody gladly took the stimulus money but we gave it away to many, many people and businesses who never lost a day of work or lost money because of the pandemic. I'm on a pension so I could use the extra income, but I would have survived fine without it. Personally, I know very few people who were out of work, besides recreation, food, and entertainment businesses. Stimulus money should have been based on proof the pandemic was causing you to lose income. But Congress wanted to make everybody happy and feel better about what our government was doing.

Time to cut off unemployment!! Too many places looking for workers!!

Biden is one term. Trump can't win the election either, Jan 6 and The Big Lie have alienated all but the hardcore Trumpers.

Agree on an age limit for president, AND Congress, AND Supreme Court!! 80 works for me.

The stimulus money was not intended to be just for those who lost their job. It was called a 'stimulus check' because they wanted any and everybody to go out spend some money to help the economy. Apparently that part worked because everybody is saying the economy is overheated. I thought having people spend money was a good thing for the country, now it's a bad thing?

 

[Arcola]

The stimulus money was not intended to be just for those who lost their job. It was called a 'stimulus check' because they wanted any and everybody to go out spend some money to help the economy. Apparently that part worked because everybody is saying the economy is overheated. I thought having people spend money was a good thing for the country, now it's a bad thing?

Are we spending it fast enough to validate the inflation? Is the inflation a correction or wrong? I honestly don’t know.

 

[3Rfan]

Are we spending it fast enough to validate the inflation? Is the inflation a correction or wrong? I honestly don’t know.

I wouldn't have any idea about that, just hear on the news that the economy is too hot, whatever that means.

 

[MGHS]

Seems the spending is causing shortages or Demand has over taken supply then the response is over production to catch up...is the jist I'm getting. Thus the economy is expanding at a rate that's not sustainable. Thus a bust is on the horizon....aka a recession.

 

[bullitpdq68]

During the early stages of the pandemic many companies shuttered for a bit thinking hey things are going to get bad we need to tighten our belts to weather this out. However for the first time the government got smart and got ahead of a bad situation and propped up our economy with a load of cash just as businesses where shutting down again because of the pandemic. And again because this was a pandemic people were forced to stay home for months many saving and stashing cash. Well now things are opening up people are tired of sitting around many are sitting on loads of cash and want to spend it!! Issue is because business were shuttered thier inventory got depleted fast and just cannot keep pace with demand right now...However you have to wonder will this pace stay or is it temporary?

Many will say people don't want to work, however our unemployment numbers in our area of the state right now are hanging at 4.1% that is ridiculously low and it is falling about a .10 each month. That pretty much means those who are unemployed usually don't have a job for a reason....just saying. I don't know to many people right now who are not working because of the money they are getting for unemployment, not saying there are not any out there...But for the first time this is an employees job market! Our local fast food places are offering up to $14 an hour!! forget raising minimum wage the economy is forcing that!!! I haven't worked in the restaurant business since 01 and the other day I got a call from a company asking me if I was interested in a job. They offered 6 figures trying to entice me to come talk to them, it is just crazy out there right now. Companies are desperate to hire especially if you have a marketable skill!

 

[MGHS]

It appears to be the grunt jobs that can't get employee's to fill positions, drove by Steak an Shake tonight and they are offering 300$ signing bonus. Saw McDee's was offering a Grand. And Kum and Go at some locations in Springfield are no longer 24hrs because they can't get Staff to work or so they signs on door say.

 

[bullitpdq68]

It appears to be the grunt jobs that can't get employee's to fill positions, drove by Steak an Shake tonight and they are offering 300$ signing bonus. Saw McDee's was offering a Grand. And Kum and Go at some locations in Springfield are no longer 24hrs because they can't get Staff to work or so they signs on door say.

And Walmart hasn't even gone back to being open 24 hours a day so they have not hired full staff yet.

One of our local fast food places is now offering $16 an hour for certain shifts. That is better than some local factories.

 

[MGHS]

I saw that as well, that is better than starting pay for a lot of social science college degree's.

 

[bullitpdq68]

Funny how the free market has taken the debate out raising minimum wage right now.

 

[MGHS]

The Free market and individual entrepreneurship should lead the way with minimal constraints from the gov. in most cases. I'm not saying I'm for no constraints but in general the more gov. meddles the more a mess you have.

Extreme Poverty Rates Plummet Under Capitalism - FEE

The Rich and the Poor Under Capitalism You might have heard the phrase, “the rich get richer and the poor get poorer.” Yes, it’s true that the rich (tend to) get richer, but the poor get richer too—especially if we look at a time span of decades or longer, and if we focus our attention […]

fee.org