On 1/17/23 11:05 AM, -hh wrote:
> On Tuesday, January 17, 2023 at 8:55:27 AM UTC-5, BeamMeUpScotty wrote:
>> [repeat]
>
> Scotty, Scotty, you really need to stop reading such insane drivel.
>
> Case in point, he claims: “As things stand, most Americans are
> watching their wages falling behind the price of goods.”
Meaning people can't afford the $8.00 eggs and their $8.00 Starbuck's
coffee together... and to stay within their earnings, things will have
to be cut out of their discretionary spending..., so yes there are goods
they were priced out of as their wages don't increase at the real
inflation rate. But it's a question of priorities and what is left
behind when you have no money for the things you have been buying or
want to buy. Usually you care for kids and old people first and the
reduce your own discretionary spending and cut out entertainment and
things that are not necessary to stay alive and keep what little you have.
Rising prices without rising wages is called "losing ground" and getting
poorer. And if they do raise wages to keep-up with the current
inflation, it maintains the inflation in the system due to Government
spending going up and needing to borrow more money at higher interest
rates... sucking up more GDP growth that can't be used by the PRIVATE
SECTOR GDP to keep the economy growing, so they can afford that
government growth. Debt isn't growth, debt is the loss/theft of growth,
debt is an anchor that drags the PRIVATE economy to a halt. With no
growth there is no way to pay for the expanding government except more
debt that reduces the Private sector's economic growth even more. It's
as the Democrats like to say... *A FEEDBACK LOOP* that makes the
problem even worse, they tell us that as they waste money on Government
Global Warming projects because they say the CO2 creates a FEEDBACK LOOP
of warming? Meanwhile the Democrats ignore the feedback loop of fiscal
decline and the economic bottomless pit that they created.
> Do you know _anyone_ who’s had their boss tell them that they’re
> having their hourly rate reduced?
Or they don't have a job there tomorrow? Didn't a bunch of people lose
their jobs just days before Christmas?
Those with a job, now see their hourly rate won't buy as much today as
it did yesterday, no wonder you're a Democrats you aren't very bright
are you, yes your pay has gone down relative to what it bought last year
it's why there was a (COLA) Cost Of Living Adjustment given to
government and military and welfare and Social Security earned pay and
parasite transfer payments.
> Because the Fed’s QT won’t do that. It’s main effect is to cut the
> market valuations of stocks, which reduces paper wealth of those
> with a significant brokerage account, not you & Joe Sixpack.
I've been Joe S Ixpack, it's NOT looking good for that guy. Government
is trying to stomp on inflation to reduce it, by increasing interest
rates, and Joe S Ixpack pays interest on much of what he owns or will
own... so it does effect him. More of his earnings going to paying
interest and inflated costs means less going to groceries or gas or kids
educations or retirement... and retirement accounts are in the Stock
Market. The economy slows and they cut more people... Joe S Ixpack is
liable to lose his health and house and cars and retirement and more.
McDonald's cutting 20,000 workers and Amazon cutting thousands and many
many more are cutting workers and their wages were from a minimum of
about $16 K/year up to the so called well paid jobs of the corporate
middle management... with even an occasional CEO being replaced like
Disney and Victoria Secret CEO's
Yes the jobs are downsized, as the economy contracts.
/-> *ADDENDUM*
https://www.breitbart.com/tech/2023/01/16/silicon-valley-slump-1600-tech-workers-laid-off-per-day-in-2023/
*END ADDENDUM* <-/
And I read a lot of stuff, even some of the Democrats drivel that really
is drivel and while I don't believe most of it, I usually am NOT
agreeing with a lot of it either... be it a so called "REPUBLICAN" and
so far not ANY Democrats.
Democrats post streaming lies... and I'll easily toast them as well as
anyone else, but the Libertarians and some Republicans that I do
actually agree with are few and far between. And while I wasn't
scratching the context of article's I read on my walls as if it were the
zealotry rantings of a profit of God, I did launch my own rant about
these subjects and I didn't see it as particularly agreeing with anyone
but rather, I consider most I comment on to be Democrats pissing into
the wind, and a few catching up to my points of view as they suggest
The Obama/Biden Regime lowered interest rates to ZERO and printed money
to expand government Creating an expanded government that needed to keep
borrowing after the interest rates rise. And since there was no economic
growth to pay for that government expansion, they need to borrow the
money again next budget to keep that bigger government going. ONLY now
it isn't at ZERO PERCENT interest rates. SO the government prints more
money to borrow at the higher interest rates to keep all that bloated
government in place and to NOT give up the power and regulations that
costs the private sector NOT just in taxes but in interest rates and
Inflation. The economy starts a nose dive and because government is
stealing the discretionary money and has so many new regulation, there's
nothing in the discretionary pile for people to invest in new homes or
in stocks or in ways to make money for themselves and raise the GDP at
the same time.
When they raise interest and/or cut the money supply to stomp on "their"
government INFLATION, it creates more STAGNATION, as the economy puts on
the brakes, and Vise-Verse when they open the fire hose of printing
dollars and create FAKE interest rates of ZERO so the Government can
then borrow trillions of dollars... borrowing those dollars almost
interest free (except for a few percent for money laundering charge, it
was free of being at the real market values).
Hiding from reality didn't fix that reality, and it hasn't fixed its
self. We're still going up and down on the StagFlation see-saw.
My thought was that we need to go back to being a savings economy rather
than a credit economy, dollars based on gold rather than dollars based
on a printing press that can add zeros to the dollar bills for less than
a pennies worth of ink.
Democrats PRINT MONEY and borrow it to use to steal elections... the
stolen elections track back to having a U.S. dollar that can be used by
Democrats to steal from the pockets of any person holding a dollar in
it. If you hold U.S. dollars in a bank or in your pocket or any where
even when they're just in a computerized system to buy or hold.
Like the criminals who try to skim a penny or the "fractional" amounts
when rounding transactions and be un-noticed... only the Democrats do
it on a grand scale and now they inch their way up towards it being
noticeable by the smaller cash holding Joe S Ixpack as a single beer
will cost almost $2.00 for a mass produced tasteless beer brand after
the Inflation and taxes and the rest of corruption is paid. Democrats
are pissing in Joe S Ixpack's boots and laughing...
139 - Those that seek mediocrity won't win in a contest that rewards
excellence.