On Fri, 19 Nov 2021 09:17:55 -0800 (PST), trader_4
<
tra...@optonline.net> wrote:
>On Friday, November 19, 2021 at 11:08:04 AM UTC-5, Snag wrote:
>> On 11/19/2021 9:59 AM, Bob F wrote:
>> > On 11/19/2021 5:05 AM, Snag wrote:
>> >> Print a few of these out 0n Avery 15264 labels and stick 'em where
>> >> they'll be seen ...
>> >>
https://files.catbox.moe/15rz89.png
>> >>
>> >
>> > Do tell us exactly how trump would have avoided inflation after the
>> > impact of covid. It would probably be way worse now if he had actually
>> > been re-elected judging by how well his solutions to problems worked.
>> >
>> >
>> AAaaaaaannnnnd our Resident Commie chimes in with his erroneous
>> accusations . FWIW , though you will disagree , the inflation cycle was
>> started by a combination of Brandon cutting off energy supplies and The
>> Fed printing massive amounts of money to "stimulate" ie "cause inflation
>> of" the economy .
>
>The FED creating new money to provide Covid stimulus was well under
>way during Trump's final year. It didn't start with Biden. Beyond that,
>the FED has created enormous liquidity going back years that it has
>not reversed, including during Trump's years in office.
>
The Fed started buying US paper to prop up the bonds in the Obama
administration, in an unprecedented way and we have been throwing
money at the public since then. It is not shocking that when the
supply of goods and services declined, inflation went into high gear.
They should have slowed the input of new money into the system, not
increased it, if inflation was on their mind. We have just created a
society that is resistant to any kind of pain.
When the crash comes, it is going to be ugly. We can't keep monetizing
our debts, increasing the money supply, during times of decreasing
productivity and expect to hold on to the value of the US dollar.
Some day the world is going to reevaluate the dollar and with our
trade imbalance that will be devastating.