BIDEN FOREGONES easily fooled with old foreign policy cast as new foreign policy

Author: Greyparrot
FJB
bidenflation

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#31
IwantRooseveltagain
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@Best.Korea
Obviously not at economy or global politics. What is he skilled at?
Unemployment is a record low. Wages are up. GDP is expanding, the stock market is at an all time high and inflation is under control. 

What exactly is your objection to the economy?

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#32
Greyparrot
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@Best.Korea
Seems like everyone fled when asked to define Biden's skills. America is doomed.

inflation is under control. 
lol, 3+% inflation isn't under control, neither is the fed's 7+% Mortgage rates. That may be "skilled" for Venezuela, but not the USA. Clearly Biden is campaigning in the wrong country.
#33
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lol, 3+% inflation isn't under control, neither is the fed's 7+% Mortgage rates.
3+? Oh no, 3+. Gee, that’s one percent higher than the goal. Oh my god. No wonder the MAGA MORONS are getting the torches and pitchforks ready.

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#34
Greyparrot
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No points for second place in America.
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#35
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This is absolutely priceless. And probably the most frightening clip you'll ever watch on the people in charge of the US economy.Jared Bernstein is literally the Chair of the Council of Economic Advisers, the main agency advising Biden on economic policy...

#36
ADreamOfLiberty
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@Greyparrot
Yep I saw it. Gave me flashbacks to macroeconomics where it was painfully easy to stump the professor. I stopped doing that out of pity (and to save my grades).

To be fair, it is hard to keep track of bullshit which doesn't actually make sense. Normally though they're smart enough to hire conmen for the job.
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#37
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@ADreamOfLiberty
Step 1: The Government Issues Bonds
  • The government needs money for various pork projects, Ukraine wars, or to manage its lobby reimbursements. To raise this money, it issues bonds, which are loans that investors can buy. When someone buys a government bond, they are lending money to the government with the promise of getting paid back with interest.
Step 2: The Federal Reserve Buys Bonds
  • To influence the economy or increase the money supply, the Federal Reserve (the central bank of the U.S.) which is under the control of private banks, decides to buy some of these bonds.
Step 3: Creating Money
  • When the Fed buys these bonds, it doesn't use existing money. Instead, it creates new money. This is often what people refer to as "printing money," although it's mostly done digitally today. Simply adding a few zeroes into the computer. The Fed credits the banks' accounts with this new money in exchange for the bonds.
Step 4: Money Flows Into the Economy
  • The banks now have more money in their reserves. This increase in reserves allows banks to lend more money to businesses and consumers.
Step 5: Increased Spending and Investment
  • With more money available for lending at lower interest rates, businesses and consumers can borrow more easily. This leads to increased spending and investment in the economy.
Step 6: Impact on Inflation
  • As more money circulates in the economy, when this increase in money supply outpaces the economy's growth in goods and services, it will lead to inflation. Inflation is when prices rise as the value of the dollar falls, which means each dollar buys less than before.
That's the step by step way to destroy the economy.

#38
ADreamOfLiberty
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@Greyparrot
Net equation ['You' = population abstracted as one person]:

Government steals your stuff and you have to work for them to get some (but not all) of it back

You have less stuff because you've been stolen from and you spend less time producing stuff because part of your time is spent wasting the stuff they stole from you (through government employment/contracts).

Step 2 (or step 7 in your list):

Blame poverty, reduction in standards of living, and all other deprivations on the free market and suggest you should increase government spending to solve the problem.
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#39
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@ADreamOfLiberty
What I like about RFK is he is addressing the issue of using blockchain to hold the government accountable. Taking the government's ability to simply print money to pay for things they otherwise would have to vote on if they were using taxpayer's money would stop a ton of the current corruption, and all of the wars.
#40
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@Greyparrot
Yea, it's a big plus for him. It should be a constitutional amendment at this point that the national currency should be a fixed growth algorithm blockchain.

PS being pro opensource blockchain is like a platinum ID card which says "I am not deepstate"
#41
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No points for second place in America.
What about last place as in your case for example?

#42
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Trump added 8 trillion to the debt in just 4 years. He was cutting taxes for rich people when the economy was perfectly fine. His anti-trade policies were anti growth.

Remember how much lumber cost during Sleepy Don’s years.
#43
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What I like about RFK is he is addressing the issue of using blockchain to hold the government accountable.
lol, another loser picked by GP. First DeeSantis, now worm brain.

PS being pro opensource blockchain is like a platinum ID card which says "I am not deepstate"
lol

Gave me flashbacks to macroeconomics where it was painfully easy to stump the professor. I stopped doing that out of pity (and to save my grades).
lol again. Are we supposed to believe you went to college?
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#44
Greyparrot
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This is absolutely priceless. And probably the most frightening clip you'll ever watch on the people in charge of the US economy.Jared Bernstein is literally the Chair of the Council of Economic Advisers, the main agency advising Biden on economic policy...